Sharks likely let it free fall 0.14 o 0.15 ever since qr report, they want to collect more at cheaper price before it's bombing in future. ECRL benefits this counter.
MUI Properties Bhd saw 39.46 million shares or a 5.3% stake change hands in five direct deals for RM10.26 million in total on June 14. The transacted price of 26 sen was at a premium to the 22.5 sen to 23.5 sen apiece the stock fetched on the open market that day. The parties involved in the deals were unknown at the time of writing.
Tan Sri Khoo Kay Peng — who in April passed the executive chairman’s post he had held since 1979 to his son and former CEO Andrew Khoo Boo Yeow — controls 74.3% of the company through Malayan United Industries Bhd and other private vehicles.
Hi guys, Please read this post to the very end while I type
At first Lim Guan Eng announce the surprise rerouting of ECRL to Seremban. Then Anthony Loke affirmed it. Finally Azmin called Tun Daim in China to confirm final allignment will include Seremban in the Malay Mail today. This is extremely good news for Miui Property (3193)
And these are Top 10 Reasons why Calvin is extrermely bullish on MUI PROPERTY Now
1. MUI PROP HAS MOJORITY OF ITS VERY PRIME LANDS LOCAYED CHUN CHUN IN SEREMBAN
IN JAPAN WHERE SHINKANSEN RAILWAY PASSES - LAND PRICES AUTOMATICALLY GO UP BY 46% IN VALUE
SO WE CAN EXPECT MUI PROPERTY HAVE THE MOST CONCENTRATION OF ITS ASSETS LOCATED IN SEREMBAN WILL BENEFIT THE MOSTEST
2. OUT OF 9 PROPERTIES LISTED IN MUI PROPERTY THE TOP TWO MOST EXPENSIVE ARE LOCATED CHUN CHUN IN SEREMBAN
i) BANDAR SPRINGHILL
State of Negeri Sembilan Darul Khusus Balance of freehold land held for township development known as Bandar Springhill at Mukim of Jimah, District of Port Dickson, Negeri Sembilan Darul Khusus (Date of acquisition: January 1995)
4,386,792 sq meter-
Rm149,769,000
Let's calculate its lands in Acres & then price in per sq ft
First Multiply 4,386,792 sq meter- by 10.764 to convert to per sq ft = 47219429.088 sq ft
So divides Rm149,769,000 by 47219429.088 sq ft
Rm3.17
YES THESE FREEHOLD LANDS ABOUT 20 MINUTES FROM SEREMBAN CBD ARE ONLY VALUED AT RM3.17 PER SQ FT.
Let's see how many acres by dividing 47219429.088 sq ft by 43,560 (acre) = 1.084 ACRES
YES GOT IT!
MUI PROP HAS 1,084 ACRES OF FREEHOLD LANDS IN THE TOWNSHIP OF BANDAR SPRINGHILL
AND THE COST SINCE PURCHASE IN YEAR 1995 (24 years ago) REMAINS AT RM3.17 PER SQ FT
THAT IS VERY CHEAP AS SEREMBAN IS ONLY 20 MINUTES AWAY, BANDAR SRI SENDAYAN & PORT DICKSON ONLY 10 to 15 MINUTES AWAY FROM THIS BEAUTIFUL TOWNSHIP WHERE SPRING AND SUMMER IS PERENNIAL!!
LGE the Finance Minister reasoned that ECRL passing through KL is more expensive as Lands in KL is Rm700 psf to Rm800 psf while in Seremban it is cheaper at Rm40 psf
So if we use just the 50% discounted cash price of Rm20 psf for Bandar Springhill lands it will be
47219429.088 x Rm20 = 944,388,581.76
HA! THESE LANDS WOULD BE WORTH
RM944.3 MILLIONS IF REVALUED TODAY
Now SINCE MUI PROP TOTAL PAID UP SHARES ARE 740,914,596 THAT MEANS THAT
944,388,581 divides by 740,914,596 = 1.27462542493
SEREMBAN (Aug 26): Nilai is being considered as one of the stations in the East Coast Rail Link (ECRL) project, aside from Kuala Klawang in Jelebu.
Negeri Sembilan Menteri Besar Datuk Seri Aminuddin Harun said the proposal was raised during a meeting between the State Government and Malaysia Rail Link Sdn Bhd (MRL) on Aug 8.
"The state government was informed that the ECRL route has not been finalised and needed to be studied from various aspects such as the social, environmental and operational impact, service level, unity and integration aspect, costs, and challenges in the implementation.
"In this regard, the first session of the discussion on the selected route was held with MRL on Aug 8. MRL had proposed a route that includes two stations in Negeri Sembilan, at Kuala Klawang and Nilai.
"There will be a briefing on the latest route for state councillors on Sept 18," he said in response to Yap Yew Weng (DAP-Mambau) during the second sitting of the second term of the 14th State Legislative Assembly here today.
Aminuddin who is also Sikamat assemblyman said various benefits would be derived from the ECRL development such as employment opportunities in construction and transportation, as well as economic growth for Jelebu.
"The business environment will also be transformed, with the influx of workers. It will open more opportunities for small and medium economies besides increasing demand for food, housing, shops and transportation.
"Aside from that, the project could also be a catalyst for the tourism sector in Jelebu and at the same time promote existing ecotourism products such as the Kenaboi State Park and other forest eco parks," he said.
Meanwhile, Datuk Seri Mohamad Hasan (BN-Rantau) proposed for the Nilai ECRL station to be turned into an integrated transport hub.
"We want to propose to the state government to take into account the Malaysia Vision Valley 2.0 (MVV 2.0) development as there was in the initial plan, a station in the Kuala Lumpur-Singapore high-speed rail (HSR) project that had been approved as a station of international standard.
"We propose that the Nilai station be made an integrated transportation hub and if possible, for the ECRL line to be extended to enable east coast passengers to reach Kuala Lumpur International Airport (KLIA) directly," he said. — Bernama
Bandar Springhill From Wikipedia, the free encyclopedia Jump to navigationJump to search
This article does not cite any sources. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (August 2009) (Learn how and when to remove this template message) Bandar Springhill (Chinese: 春泉镇) is a township in Port Dickson District, Negeri Sembilan, Malaysia, This township is located near Lukut town.
Development West Synergy Sdn Bhd, a 60-40 joint-venture between MUI Properties Berhad and Chin Teck Plantations Berhad planned out to develop the 2,000-acre (8.1 km2) freehold land into the following components:
Springhill Park Springhill Gardens Springhill Heights Springhill Commercial Centre E4 (Olive & Maple) E7-1 (Peony & Freesia) E7-2 (Irises & Cosmos) E8 (Cempaka) About First launched in July 1997 2000 acre freehold integrated township situated between Seremban and Port Dickson Good accessibility via the North-South Highway, Seremban-Port Dickson Highway, & the Seremban-Port Dickson trunk road Well-balanced mix of residential, commercial, industrial and recreational developments Supported by modern communal facilities such as polyclinics, medical healthcare center, kindergartens, schools, higher educational centers, recreational centers and shopping centers. External links Official website Facebook : www.facebook.com/bandarspringhillseremban Instagram : www.instagram.com/bandarspringhill
Steering MUI group out of the doldrums Supriya Surendran / The Edge Malaysia
December 31, 2018 17:00 pm +08
This article first appeared in The Edge Malaysia Weekly, on December 24, 2018 - December 30, 2018.
Andrew: I would like to see MUI as a lifestyle company. We own brands, we know how to activate a brand — it is a lifestyle-driven business proposition. Photo by Mohd Shahrin Yahya/The Edge
-A+A FOR younger investors who started buying equities a decade ago or later, MUI group could be an unfamiliar name. After its glory days of the 1980s and 1990s, MUI group dropped off the radar screens.
Its four Bursa Malaysia-listed entities — Malayan United Industries Bhd (MUI), MUI Properties Bhd, Pan Malaysia Corp Bhd and Pan Malaysia Holdings Bhd — are currently trading at below 30 sen per share. Its UK-listed fashion and houseware brand, Laura Ashley Holdings plc, has been on a downward trend as well, with the counter falling from its peak of £29.75 to a 15-year low of £3.75 last Thursday. Of the five units, only MUI Properties is profitable.
About four years ago, rumour was rife that the founder and controlling shareholder Tan Sri Khoo Kay Peng, who has been out of the corporate limelight for a long time, was planning to restructure and revamp the group. At the time, asset stripping was said to be the strategy to unlock the hidden value of the group, which owns hotels, department stores and a securities firm among others.
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fullscreen True enough, it turned out to be speculation and nothing much happened.
Now, Kay Peng, 80, has tasked his second son, 46-year-old Andrew Khoo Boo Yeow, with steering the MUI group out of the doldrums. And this time, a concrete plan has been outlined to make the MUI group relevant again for the investing fraternity and consumers.
Andrew sees his immediate task as strengthening the foundations and putting the flagship MUI and the other companies in the group on a firm footing and then growing the businesses.
Under his stewardship, the group is undergoing a restructuring to make it a more lean and understandable structure. In the process, dormant companies are being shut down.
“One-third of the restructuring is completed. I want MUI to have no more than two listed companies in Malaysia. I want to bring as many of our assets as possible into MUI as part of the restructuring process. We should be able to complete it in two years.
“Ultimately, it is about unlocking value for our stakeholders. That is partly why we are doing this,” Andrew tells The Edge.
The group is open to asset disposals. In fact, it has already started down the divestment trail. Andrew says he is not that attached to the assets, but he stresses that disposals must take place at the right time and at the right price.
Its prime assets include the Corus Hotel in Jalan Ampang, Kuala Lumpur, and Corus Hotel Hyde Park in London.
Given its net tangible assets per share of 17 sen as at Sept 30, the group’s total net assets work out to RM527 million — which those who know the list of its assets would say does not reflect the true value. Corus Hotel Kuala Lumpur alone was reported to be valued at about RM310 million last year.
MUI’s market capitalisation was RM484 million based on last Friday’s close of 16.5 sen per share.
However, MUI has no intention of revaluing the assets, although this could give an instant boost to earnings with a hefty revaluation gain.
Asset disposals have helped the group pare down its losses. Its net loss for the financial year ended June 30 (FY2018), more than halved to RM56.08 million year on year after it sold three hotels.
“Right now we are still loss-making, although we have reduced our losses substantially. In the next one to two years, we hope to break even or enter positive territory.
“If our business development ventures bear fruit, we can propel our revenue forward. I would like to see MUI as a lifestyle company. We own brands, we know how to activate a brand — it is a lifestyle-driven business proposition,” Andrew says.
And that would be one proposition investors will continue to evaluate.
Making Metrojaya great again
Andrew’s vision for MUI, especially for its retail, property and hotel businesses, has been widely reported in the press this year, including his plans to bring a lifestyle concept to the group’s businesses.
His plans for MUI’s best known business venture — Metrojaya department stores — come at a tough time for the domestic retail sector. Indeed, MUI acknowledges this in its 2018 annual report. It says Metrojaya faces challenging retail conditions with increased competition from traditional retailers and online shopping portals, against a backdrop of uncertain consumer sentiment.
Date of change 26 Apr 2019 Name MR ANDREW KHOO BOO YEOW Age 46 Gender Male Nationality Australia Type of change Redesignation Previous Position Chief Executive Officer New Position Executive Chairman Directorate Executive Qualifications No Qualifications Major/Field of Study Institute/University Additional Information 1 Professional Qualification Barrister-At-Law Lincolns Inn, United Kingdom. 2 Masters Master of Business Administration Seattle Pacific University, United States of America. 3 Masters Master of Arts Cambridge University, United Kingdom. 4 Degree Bachelor of Arts, Major in Political Science University of Victoria, Canada. 5 Degree Degree in Law Cambridge University, United Kingdom. 6 Diploma AHMA Hotel Diploma, Major in Sales & Marketing London Hotel School, United Kingdom
Quarter Ended 30 June 2019 vs Quarter Ended 30 June 2018 Financial Year Ended 30 June 2019 vs Financial Year Ended 30 June 2018 MUI PROPERTIES BERHAD Company No : 6113-W (Incorporated in Malaysia) QUARTER ENDED For the current quarter under review, the Group recorded revenue of RM14.1 million and PBT of RM12.9 million compared with revenue of RM14.4 million and PBT of RM3.2 million in the previous year corresponding quarter. Lower revenue for the current quarter ended 30 June 2019 was mainly due to adoption of MFRS 15 whereby legal fees for sales of properties are to be deducted from the revenue. Higher PBT recorded for the quarter ended 30 June 2019 was mainly due to the recognition of fair value gain of RM9.3 million on investments. CUMULATIVE 12 MONTHS For the financial year ended 30 June 2019, the Group recorded revenue of RM57.5 million compared with revenue of RM40.3 million in the previous financial year. Higher revenue for the financial year ended 30 June 2019 was mainly attributed to higher percentage of completion of works from Phase E7-2 as compared to Phase E7-1 and E8 in Bandar Springhill in the previous financial year. Higher PBT of RM27.3 million recorded for the financial year ended 30 June 2019 was mainly due to the said higher revenue recognition, gain on disposal of investment properties of RM3.3 million and the recognition of fair value gain of RM9.3 million on investments
In response to the increasing demand for affordable housing in the country, the Group targets to launch new phases of double-storey terrace houses in the fourth quarter of 2019 and second quarter of 2020. The Group has also initiated plans to optimise demand for its affordable landed residential properties. They include building a clubhouse and upgrading existing streetscape and lake park. These initiatives will enhance the lifestyle components of Bandar Springhill, making the development more attractive to home buyers. Owing to this, the Group expects to show positive performance in the next financial year
MUI PROPERTIES BERHAD No Announcement Date Title 1 25 Apr 2019 Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - SOO LAY HOLDINGS SDN BHD 2 25 Apr 2019 Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MALAYAN UNITED INDUSTRIES BERHAD 3 25 Apr 2019 Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - NORCROSS LIMITED 4 25 Apr 2019 Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - TAN SRI DATO' KHOO KAY PENG 5 25 Apr 2019 Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - CHERUBIM INVESTMENT (HK) LIMITED 6 25 Apr 2019 Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KKP HOLDINGS SDN BHD 7 25 Apr 2019 Changes in Director's Interest (Section 219 of CA 2016) - TAN SRI DATO' KHOO KAY PENG
Quick take: MUI Properties up 17% in active trade TheStar Tue, Apr 09, 2019 10:30am - 5 months ago
KUALA LUMPUR: Shares in MUI Properties Bhd gained more than 17% in early trade Tuesday.
The counter jumped 17.07%, or 3.5 sen to 24 sen with 13.81 million shares done. It has fallen some 11.32% in the past one year.
The company has not made any corporate announcements recently.
For the first six months ended Dec 31, 2018, MUI Properties posted a net profit of RM5.6mil against RM336,000 in the same period a year ago.
Its revenue for the period stood at RM27.7mil, up 124% from RM12.37mil a year previously.
Last December, Tan Sri Khoo Kay Peng, announced his retirement as executive chairman of Malayan United Industries Bhd (MUI) after four decades at its helm.
Concurrently, his eldest son Andrew Khoo Boo Yeow, 46, has been appointed by the MUI board as its executive chairman after assuming the role of group chief executive officer from Jan 1, 2018.
Steering MUI group out of the doldrums TheEdge Mon, Dec 31, 2018 05:00pm - 8 months ago
FOR younger investors who started buying equities a decade ago or later, MUI group could be an unfamiliar name. After its glory days of the 1980s and 1990s, MUI group dropped off the radar screens.
Its four Bursa Malaysia-listed entities — Malayan United Industries Bhd (MUI), MUI Properties Bhd, Pan Malaysia Corp Bhd and Pan Malaysia Holdings Bhd — are currently trading at below 30 sen per share. Its UK-listed fashion and houseware brand, Laura Ashley Holdings plc, has been on a downward trend as well, with the counter falling from its peak of £29.75 to a 15-year low of £3.75 last Thursday. Of the five units, only MUI Properties is profitable.
About four years ago, rumour was rife that the founder and controlling shareholder Tan Sri Khoo Kay Peng, who has been out of the corporate limelight for a long time, was planning to restructure and revamp the group. At the time, asset stripping was said to be the strategy to unlock the hidden value of the group, which owns hotels, department stores and a securities firm among others.
True enough, it turned out to be speculation and nothing much happened.
Now, Kay Peng, 80, has tasked his second son, 46-year-old Andrew Khoo Boo Yeow, with steering the MUI group out of the doldrums. And this time, a concrete plan has been outlined to make the MUI group relevant again for the investing fraternity and consumers.
Andrew sees his immediate task as strengthening the foundations and putting the flagship MUI and the other companies in the group on a firm footing and then growing the businesses.
Under his stewardship, the group is undergoing a restructuring to make it a more lean and understandable structure. In the process, dormant companies are being shut down.
“One-third of the restructuring is completed. I want MUI to have no more than two listed companies in Malaysia. I want to bring as many of our assets as possible into MUI as part of the restructuring process. We should be able to complete it in two years.
“Ultimately, it is about unlocking value for our stakeholders. That is partly why we are doing this,” Andrew tells The Edge.
The group is open to asset disposals. In fact, it has already started down the divestment trail. Andrew says he is not that attached to the assets, but he stresses that disposals must take place at the right time and at the right price.
Its prime assets include the Corus Hotel in Jalan Ampang, Kuala Lumpur, and Corus Hotel Hyde Park in London.
Given its net tangible assets per share of 17 sen as at Sept 30, the group’s total net assets work out to RM527 million — which those who know the list of its assets would say does not reflect the true value. Corus Hotel Kuala Lumpur alone was reported to be valued at about RM310 million last year.
MUI’s market capitalisation was RM484 million based on last Friday’s close of 16.5 sen per share.
However, MUI has no intention of revaluing the assets, although this could give an instant boost to earnings with a hefty revaluation gain.
Asset disposals have helped the group pare down its losses. Its net loss for the financial year ended June 30 (FY2018), more than halved to RM56.08 million year on year after it sold three hotels.
“Right now we are still loss-making, although we have reduced our losses substantially. In the next one to two years, we hope to break even or enter positive territory.
“If our business development ventures bear fruit, we can propel our revenue forward. I would like to see MUI as a lifestyle company. We own brands, we know how to activate a brand — it is a lifestyle-driven business proposition,” Andrew says.
And that would be one proposition investors will continue to evaluate.
Making Metrojaya great again
Andrew’s vision for MUI, especially for its retail, property and hotel businesses, has been widely reported in the press this year, including his plans to bring a lifestyle concept to the group’s businesses.
His plans for MUI’s best known business venture — Metrojaya department stores — come at a tough time for the domestic retail sector. Indeed, MUI acknowledges this in its 2018 annual report. It says Metrojaya faces challenging retail conditions with increased competition from traditional retailers and online shopping portals, against a backdrop of uncertain consumer sentiment.
Andrew agrees that department stores as they stand today are becoming outdated and, hence, changes are needed.
“Department stores will have a dim future if we don’t make changes. We need to be open-minded and aggressive in changing the dynamics of the business. If this works, it could be a beacon of light for department stores in the future, but only time will tell,” he says.
“I am not ready to give up on the idea yet, but department stores as we know them must change. It could mean a reduced footprint ... smaller stores.”
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Myeye
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