Posted by benson911 > 2014-05-13 11:48 | Report Abuse

Thanks Calvin, just wondering why market gives so low valuation to Basset, around 50% discount from NAV.

Posted by talkrealreal > 2014-05-14 12:29 | Report Abuse

dead? no volume at all

Posted by Fortuneball > 2014-05-15 17:18 | Report Abuse

Get out !

Posted by calvintaneng > 2014-05-15 23:24 | Report Abuse

Get out of a gold mine and then? Wander into free falling stocks like the 4 recent limit down counters? Or worst still step into land mines like Patimas, Transmile, MaeMode or SAAG?

Posted by cakaphebatsaja > 2014-05-16 08:45 | Report Abuse

mpcorp is land mines!run!!!!!!!!!!!!!!!!!

Posted by cakaphebatsaja > 2014-05-16 08:46 | Report Abuse

limit down next! run for ur life!

Posted by cakaphebatsaja > 2014-05-17 12:05 | Report Abuse

Run!Insider trading is bad!

KUALA LUMPUR: Datuk Bill Ch’ng Chong Poh, a former chief executive officer of Malaysia Pacific Corp Bhd (MPCorp), was charged last Friday with 58 counts of insider trading relating to the property firm’s shares between May 14, 2008 and Aug 20, 2008 by the Securities Commission (SC).

The offences, under Section 188(2) of the Capital Markets and Services Act 2007, carry a punishment of mandatory imprisonment not exceeding 10 years and a fine of not less than RM1 million.

Ch’ng claimed trial to the charges preferred and bail was set at RM300,000 with one surety, and Ch’ng surrendered his international passport to the court.

“Ch’ng had allegedly acquired MPCorp shares ahead of entering into a multi-million ringgit joint-venture project between Oriental Pearl City Properties Sdn Bhd, and Amanahraya Development Sdn Bhd (ADSB), a wholly-owned subsidiary of Amanah Raya Bhd, to undertake and manage several projects in Iskandar Development Region in Johor,” said the SC in a statement last Friday.

“The SC views insider trading seriously and will continue to actively enforce such breaches to maintain investor confidence in the capital market,” it added.

Ch’ng, 75, who is the single largest shareholder of loss-making MPCorp with a 61.48% stake, resigned from his post on Dec 19, 2013, which was resumed by his son Charles Ch’ng Soon Sen, 32, which MPCorp said was “in line with the succession planning of the group”.

Ch’ng remains as chairman of the group’s executive committee to focus on a re-implementation plan as well as restructuring Asia-Pacific Trade & Expo City’s (Aptec) corporate plan and mission of the group. Aptec is an integrated city development in Johor, planned in 2008, in MPCorp’s roadmap to be a conglomerate in the future. But the project has yet to take off.

This article first appeared in The Edge Financial Daily, on January 13, 2014

Posted by cakaphebatsaja > 2014-05-17 12:08 | Report Abuse

What's so scary about insider trading?

http://www.ft.com/cms/s/2/6a23c7e2-40e3-11e3-ae19-00144feabdc0.html

Posted by cakaphebatsaja > 2014-05-17 12:10 | Report Abuse

When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.

Warren Buffett

Posted by cakaphebatsaja > 2014-05-17 12:21 | Report Abuse

Karma Strikes Back - True Story!

#5. Stop Sign Thief Killed in Car Accident

#4. When a Vengeful God Misfires

#3. John Sedgwick Thinks Snipers Are a Bunch of Clowns

http://www.cracked.com/article_20239_5-true-stories-that-will-make-you-believe-in-karma.html

Posted by cakaphebatsaja > 2014-05-17 12:25 | Report Abuse

karma will find you! u can't escape!

Posted by stkoay > 2014-05-17 23:27 | Report Abuse

CAKAPHEBATSAJA,THANKS FOR THE INFORMATION.
I AGREE THAT INVESTORS NEED TO BE VERY CAREFUL WITH THIS STOCK AND THE MISLEADING INFORMATION GIVEN BY THE SALESMAN WHO PROMOTED THIS STOCK STRONGLY !!

Posted by 4u2c > 2014-05-18 19:41 | Report Abuse

The accounting of this company is really not consistent.Not for me.....

Posted by naughtygirl > 2014-05-18 23:49 | Report Abuse

total debt more than the revenue

Posted by vicky > 2014-05-20 14:21 | Report Abuse

the news was published since January 13. so, the share price still ok. can hold it, right?

Posted by saltedfish > 2014-05-21 00:31 | Report Abuse

but no volume

Posted by stkoay > 2014-05-21 11:30 | Report Abuse

No volume means the party is over already.
The music has stopped.

Posted by cakaphebatsaja > 2014-05-22 16:14 | Report Abuse

tunggu mati saja! calvintan boleh!

Posted by nch1388 > 2014-05-23 16:33 | Report Abuse

calvintan, pls say something

Posted by calvintaneng > 2014-05-23 20:31 | Report Abuse

Nch1388,

Just arrived S'pore after over One Hour Jam at Custom.

Today I visited Johor MAPEX 2014. High Rise Condo in Bandar Sri Alam is priced at RM900 psf. Higher than some Condo prices in Nusajaya or even Iskandar Water Front City.

The Highway Construction From Bandar Sri Alam to Nusa Damai can be clearly seen by now. So far no newspapers or Analyst has written about the Connecting 6 Lanes Gateway to MP Corp Land as yet.

And World Foot Ball Fever Month is around the corner. This is the best opportunity to Buy On Weakness.

Regards,

Calvin Tan

Posted by fortunebullllz > 2014-05-23 20:42 | Report Abuse

The best bullshit in town !

Posted by MrTigerShark > 2014-05-25 09:07 |

Post removed.Why?

Posted by MrTigerShark > 2014-05-25 09:13 |

Post removed.Why?

Posted by skyhawk > 2014-05-25 11:56 | Report Abuse

To all MPCORP kakis...hv posted my analysis at my blog(for reading only)...I hv no vested interest in this counter...trade at your own risks.

http://silkyhawk.blogspot.com/

Posted by AyamTua > 2014-05-25 12:00 | Report Abuse

where there is ayam .. theres bound to be hawk.. kikiki
where there is pmcorp, there is mpcorp?
hahaaaaa

Posted by calvintaneng > 2014-05-25 13:26 | Report Abuse

Ha! Ha! Ha!

So interesting, this place is a zoo - Bull, Tiger, Shark, Hawk & Chicken are all here.

Welcome! Welcome!

Posted by AyamTua > 2014-05-25 13:31 | Report Abuse

kikikiki

Posted by calvintaneng > 2014-05-25 13:38 | Report Abuse

And some more.

We also have SiamCat, SaltedFish, FlappyBird, Star Fish, Mickey Mouse, DragonKing & One NaughtyGirl.

Also food & drink - bracoli, MiloPanas & Char KOAY Teow!

Welcome To Fun Forum!

Posted by calvintaneng > 2014-05-26 10:54 | Report Abuse

So many critics? No wonder this MP Corp is hammered down.

Let me give you a song to enliven up

Rain, Rain Go Away
Come Again Another Day
Rain Rain Go Away
Little Children want to Play

Critics Here Critics There
Critics, Critics Go Away
Back Out Now Just Go Away
We Will Continue Our Play

We Love Out of Favour Stocks.

You criticize? We Buy.
You criticize More? We Buy More.

Why? You have done us great favour for helping us to save money by buying cheaper and cheaper shares.

Posted by calvintaneng > 2014-05-26 18:18 | Report Abuse

Don't Spread lies here. Go and check again about Thomas Cup. Calvin Tan made a mistake in sequence but still face it lor?

A person can make mistake but still got integrity mah. After All Malaysia Did Win The Thomas Cup in Year 1992. That is a very happy historical moment for Calvin Tan.

I am very proud of Foo How Kean & The Sidek Brothers, Cheah Soon Kit & his partner too

Posted by rlch > 2014-05-26 22:04 | Report Abuse

Why no comment about financial result here?

Posted by calvintaneng > 2014-05-26 22:15 | Report Abuse

Rich,

Look at 3B, Property development segment is anticipated to CONTRIBUTE GREATLY to The Group's Results.

....Group's prospect for the financial year is OPTIMISTIC

This will be by sale or JV with Others.

Posted by calvintaneng > 2014-05-26 22:20 | Report Abuse

One More Great News. FOCUS MAGAZINE Says That The Lands ECOWORLD Bought from Focal Aims in Kota Masai is estimated to be worth RM5 Billions.

If So then MP Corp's NUSA DAMAI Lands Should Be Worth At Least RM2 Billions or More.

How Can Bandar Utama Land & Taman Tun Dr Ismail Land Lose to Sungai Buloh?

Or for Penangites How Can Tanjung Bungah Land lose to Telok Bahang Land?

So How Can NUSA DAMAI Lose To Kota Masai?

Posted by manggalee > 2014-05-27 15:30 | Report Abuse

insider trading or show time?

Posted by kakijudi > 2014-05-27 15:33 | Report Abuse

calvin, just disregard those 'animals' hahaha. time will prove that you are right. since they are 'animals', they have the herd mentality. only will chase when price is sky high

Posted by calvintaneng > 2014-05-29 16:15 | Report Abuse

HaHa,

Calvin don"t like critics but Calvin love all Zoo Animals

LET ME DEDICATE A ZOO BIRTHDAY SONG FOR ALL


HAPPY BIRTHDAY TO YOU

HAPPY BIRTHDAY TO YOU

HAPPY TO ALL OF YOU

HAPPY BIRTHDAY TO YOU



HAPPY BIRTHDAY TO YOU

YOU ARE BORN IN THE ZOO

WITH THE ELEPHANT AND THE KANGAROO

ALL THE MONKEYS LOVE YOU

LET'S SING EVERY BODY!

Posted by calvintaneng > 2014-05-29 16:17 | Report Abuse

SORRY,

FIRST STANZA 3 LINE SHOULD SING AS

HAPPY BIRTHDAY TO ALL OF YOU

Posted by stkoay > 2014-05-30 18:31 | Report Abuse

Posted by calvintaneng > Mar 30, 2014 06:50 PM | Report Abuse

So Sell All Your KSL Shares Now & SWITCH ALL TO MP CORP. While KSL Has NO MORE LANDBANK In Iskandar MP CORP HAS 630 ACRES ABOUT TO LAUNCH.

KSL IS IN Sunset WHILE MP CORP's FORTUNE IS JUST IN THE SUN RISE. See jbhouseforsale.com

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1637413

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1633861

A company earning a net profit of RM61 million in 3 months is considered a SUNSET.
While a loss making company with high level of debts and facing many lawsuits is considered a SUNRISE.

HAS BEEN BULLSHITTING !!!!!!!!!

Posted by calvintaneng > 2014-05-30 21:39 | Report Abuse

Get these facts straight from KSL 2012 Annual Report

Under KSL Top 10 Properties

No. 10) 18.45 Acres in NUSA BESTARI (NUSAJAYA) VERY PRIME AREA

No.9) 82 Acres in TAMAN KEMPAS INDAH (KEMPAS AREA) OK ONLY

No. 4) 240 Acres In Nusa Bestari Indah (ULU TIRAM) The Poorest Zone North of Iskandar & No Proper Access Road

Total Landbank in NUSAJAYA Is ONLY 18.45 Acres. The Hottest Zone

Overall Total is 18.45 Acres + 82 Acres + 240 Acres = 340.45 Acres

Others Are NOT IN ISKANDAR

Only 340 Acres Out of 2,000 Acres Are In Iskandar Only.

And ONLY 18 Acres Are Good Prime Lands

82 Acres Fairly Good

And 240 Acres in ULU TIRAM Are Poorly Located Landlocked Territory!

SO GET THE FACTS STRAIGHT BY SEARCHING & STUDYING.


MP CORP HAS 630 VERY CENTRAL LAND IN THE VERY HEART OF EASTERN ISKANDAR

POWERFUL BOOSTER IS BANDAR SRI ALAM ON THE LEFT (CITY OF KNOWLEDGE)

AND PENGERANG RAPID & ECOWORLD ON THE RIGHT

IMPENDING 3RD BRIDGE TO SINGAPORE CHANGI & CHANGI INTERNATIONAL AIRPORT ONLY MINUTES AWAY IN FUTURE!


KSL good result? Yes! That was in the past few quarters. When Got Any More High End High Profit Products For Sale In Future?

YES! MY FRIENDS GOT 2 KSL PROPERTIES FOR SALE


1) KSL RESORT CITY
At Level 33, Century Garden
Price Above RM1 Millions
Completed With CF
Can View By Appointment
Email Calvintaneng@gmail.com

2) NUSA BESTARI HEIGHTS

36x75. Semi D Cluster House.

CF Expected in August 2014

Owner Asking For Only RM1.4 Millions
(According to KSL Sales Office Current Price For This End Lot Unit is Above RM1.8 Millions)
First Come First Served. Hurry!
Once It's Gone It's Gone.

Posted by calvintaneng > 2014-05-30 21:50 |

Post removed.Why?

Posted by calvintaneng > 2014-05-30 23:07 | Report Abuse

See how much land in Iskandar KSL still have in Year 2013 Annual Report?

Posted by calvintaneng > 2014-05-30 23:13 | Report Abuse

Yes Of Course! Kiasu Is A VIRTUE - Warren Buffet says, "Don't Make A Loss" The First Rule.

Posted by stkoay > 2014-06-05 12:33 | Report Abuse

Low, who has a “buy” call on IJM Land with a target price of RM3.71, said she believed the earnings growth of IJM Land would remain resilient going forward, as its property offerings were mostly landed properties where demand remained strong.

Besides, it also has minimal exposure to Iskandar Malaysia in Johor Baru where there was a current property glut, she opined.


Luckily, not so much land in Iskandar.

Posted by HOSEILIAU > 2014-06-11 11:42 | Report Abuse

MPCB SHARE'S PRICE WILL BE 'SKY ROCKET' AFTER THE COMPANY SOLVE THEIR FINANCIAL & LETIGATION TROUBLES.

Posted by HOSEILIAU > 2014-06-12 10:15 | Report Abuse

3 SIMPLE STEPS TO SOLVE MPCB'S PROBLEM:-
STEP 1
---------
DISPOSE OF THE WISMA MPL (WORTH RM320M) TO SETTLE ALL THE GROUP'S OUTSTANDING LOAN & LIABILITY.
STEP 2
----------
DISPOSE OF THE 630 ACRES LANG IN JB.
-SELLING PRICE = RM50 psf (DISCOUNT PRICE)
-TOTAL SHARES ISSUED = 287.66M SHARES.
-630 ACRES X RM50psf X 43560f
-NET CASH VALUE = RM1.372BILLION OR RM4.80 PER SHARE.
STEP 3
----------
CAPITAL REPAYMENT TO ALL THE LOYALTY SHARE HOLDERS OF RM4.80 PER SHARE.
-------------------------------------------------------------------------------------------------------------------
* IF THE SELLING PRICE IS RM70 psf.
NET CASH VALUE = RM6.68 PER SHARE.
*IF THE SELLING PRISE IS RM100psf.
NET CASH VALUE IS RM9.54 PER SHARE.
____________________________________
WISH EVERYBODY ALL THE BEST!
____________________________________

Posted by saltedfish > 2014-06-12 10:19 | Report Abuse

The problem is you cannot even start the Step 1, because nobody will buy Wisma MPL !

Posted by naughtygirl > 2014-06-12 11:17 | Report Abuse

If ever you have been to Wisma MPL over the last 2-3 years, you will agree that no one will buy this building, not for RM 320m, maybe <$200m

Posted by member41 > 2014-06-13 16:52 | Report Abuse

Haha so they were wrong to revalue their building upwards recently? :)

Posted by HOSEILIAU > 2014-06-14 10:25 | Report Abuse

MPCB (6548) WILL BE A EXCELLENT TO BE INVESTED INTO, BASED ON:-
------------------------------------------------------------------------------------------------
a) APPOINTMENT OF MR CHARLES CH'NG SOON SEN AS CHIEF EXECUTIVE OFFICER. (A GOOD LEADER WITH EXCELLENT LEADERSHIP & GOOD MANAGEMENT SKILLS).
b) SINGLE MAJOR SHARE HOLDERS HOLD ABOUT 62% OF THE TOTAL SHARES ISSUED.
c) THE 630 ACRES OF LANDS IN JB ARE YET TO BE REVALUED. (CURRENT MARKET VALUE WORTH MORE THEN 2 BILLION RM).
d) MPCB's NTA SHOULD BE REVALUED TO AT LEAST RM6.68 PER SHARE.
e) AT THE CURRENT PRICE OF RM0.445, MPCB IS DEEPLY UNDER VELUED.
____________________________________________________________________________

GOOD LUCK & HAVE A NICE DAY
____________________________________________________________________________

Posted by nch1388 > 2014-06-14 12:43 | Report Abuse

Any comment, Mr Calvintaneng?