Posted by riskabsorber > 2015-07-02 11:20 | Report Abuse

this counter will need to wait until de-list by bursa only will have the possibility to bullish. Only bullish under the NTA. Regulation plan only left 5 months to submit. Then the management will seek extension for submission. Yet, SC and bursa reject the extension and suspend in 5 trading days.

Posted by dragonking > 2015-07-02 11:38 | Report Abuse

then the boss buy over the land at rm1,,,fairy tales end for dreamer!!

Posted by tc88 > 2015-07-08 23:29 | Report Abuse

Heard that Calvin Tan lost 6 digit in Mpcorp.....god bless Calvin from SG.....

Posted by saltedfish > 2015-07-08 23:48 | Report Abuse

Got so much to lose meh.....

Posted by stkoay > 2015-07-16 12:52 | Report Abuse

This fairy tales uncle talks big but is just a small potato.......where got 6 digit to loose.......hahahaha......

Posted by one688easy > 2015-07-16 12:58 | Report Abuse

when is the action of the land......

Posted by Wikiileaks > 2015-07-28 00:29 | Report Abuse

Dead stock!

Posted by TianTianTuaHuat > 2015-08-12 15:52 | Report Abuse

Calvin Tan from Singapore MPCORP down until no buyer today... ha ha ha

Posted by stkoay > 2015-08-12 16:20 | Report Abuse

The kaki kong kaki song uncle got no more fairy tales already........hahahahaha..........

Posted by stkoay > 2015-08-14 16:19 | Report Abuse

Hahaha........the tok kok calvin is back here.
Must have lost his pant already, now so angry.......hahaha.....kikiki....
stkoay asked his siheng and sicheh to buy in 2014.......and stkoay also informed that he has sold 90% of his holding at about 4.50 - 4.60 in November 2014.
All in i3 know you like to tell fairy tales, but don't tok kok here.
Hahahaha..........

Posted by stkoay > 2015-08-14 16:48 | Report Abuse

stkoay is now so happy......watching the market and enjoying his popcorn........
......but the tok kok calvintaneng is so angry........hahaha.......kikiki........

Don't know who is smart and who is c2peed.........hahahahahaha.....

Posted by stkoay > 2015-08-14 18:10 | Report Abuse

Hahaha....tot he only tells fairy tales....
Now......dreaming in fairy land.........hahahaha
Kikikikikikikikiki...........................

Posted by stkoay > 2015-08-16 00:32 | Report Abuse

Uncle calvintaneng posted this in KSL forum..........



Posted by calvintaneng > Aug 14, 2015 11:29 AM | Report Abuse

WALAO EH?

WHO'S FAULT?

BETTER GO SQUEEZE STKOAY'S NECK!

TELL PEOPLE TO CHASE KABOOM SLIDING DOWN

KOAY?

WHAT KOAY?

KENA CHAR KOAY TEOW ALREADY!

Posted by stkoay > 2015-08-16 00:35 | Report Abuse

Uncle calvin, why deleted your own post.......and also a few that was posted here??

Shame meh??

Hahaha..........

Posted by Jolin Lai Chi Pet > 2015-10-17 12:46 | Report Abuse

next week is show time,,,,,,,,,,,,,, buy!!!!!!!!!

Posted by kllady_fidah > 2015-11-16 16:46 | Report Abuse

whats the story Jolin? have been holding for quite sometime lah....

Posted by ocbc > 2015-11-16 18:50 | Report Abuse

Land sold at 50psf？

Posted by kllady_fidah > 2015-11-17 07:53 | Report Abuse

guess the land lah...lucky

Posted by riskabsorber > 2015-11-24 17:20 | Report Abuse

Why EPF can purchase this counter for more than 1.3mil shares? This is against the EPF Acts.

Posted by kllady_fidah > 2015-11-26 12:00 | Report Abuse

conman counter...hired conman storyteller

Posted by stkoay > 2015-11-27 16:13 | Report Abuse

kllady_fidah. Very true.......they hire conman who can write long.....long......stories.......day and night.
See all the posting made during early last year.

Not only that, they have the support of the tok kok bodoh calvin.

Hahahaha..................

Posted by chinaman > 2015-12-03 15:06 | Report Abuse

I still hold MPCORP till now. only RTO from another well established co. can turnaround this company's fate

Posted by member41 > 2015-12-04 20:52 | Report Abuse

Black Sea contract lapsed... As expected

Posted by member41 > 2015-12-04 20:53 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4942969

Posted by kakashit > 2015-12-07 22:26 | Report Abuse

so cheap now, im in

Posted by kakashit > 2015-12-08 09:46 | Report Abuse

why Ter Por Yee is in mpcopr with 5% shareholding? What his relationship with BOD?

or he took part as a value investor only

Posted by stkoay > 2015-12-09 14:45 | Report Abuse

So boring over here............
.....no more fairy tales from uncle calvin and his gang.......

Posted by Rainbowenson > 2015-12-09 19:10 | Report Abuse

Can you please ask calvintaneng to help my mother to fix the broken bud on the plant?

Thank You.

Posted by member41 > 2015-12-11 23:25 | Report Abuse

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=70061&name=EA_GA_ATTACHMENTS

Posted by saltedfish > 2015-12-11 23:30 | Report Abuse

Calvin lost till pants also missing on MPC

Posted by High6 > 2015-12-12 16:15 | Report Abuse

mpc is heading to pn17?

Posted by hsong > 2015-12-12 21:28 | Report Abuse

Anyone attending AGM this coming wed at crystall crown klang at 8am?

Posted by stkoay > 2015-12-14 13:57 | Report Abuse

Calvin missing from MPC bcos he has lost his pants??
Pity him.
And also his friend who wrote long......long.....stories praising this stock and said he wanted to retire with winning from this stock.......hahahaha.........LOL.

Posted by High6 > 2015-12-14 21:13 | Report Abuse

high debts and losses every year
distress assets dont fetch good value
how many more quarters before pn17?

Posted by stkoay > 2015-12-15 12:15 | Report Abuse

High6. It is ALREADY a PN17.
Now, maybe waiting to be delisted.

Posted by saltedfish > 2015-12-17 11:07 | Report Abuse

..or foreclose by banks

Posted by chinaman > 2015-12-17 11:27 | Report Abuse

KUALA LUMPUR: Malaysia Pacific Corp Bhd (MPCorp) ( Valuation: 0.90, Fundamental: 0.20) expects its upcoming residential project within Taman Nusa Damai in Iskandar Malaysia, Johor, which has a gross development value of RM204 million, to help pull it out of its loss-making position.

MPCorp is developing the project jointly with Bina Puri Holdings Bhd ( Valuation: 2.00, Fundamental: 0.15).

Its chief executive officer (CEO) and executive director Charles Ch’ng Soon Sen said the proposed development is slated to commence in two years, and will be a key project in improving the group’s business.

On May 26, MPCorp announced that it had signed a joint agreement with Bina Puri for the development of residential houses on a 24.41-acre (9.88ha) piece of land in Iskandar Malaysia.

Still, Charles said, the group’s turnaround will not happen overnight.

“We have done our best to change. We have [appointed] new board members, confirmed projects, a new management ... The company is changing, but we cannot turn around in one day,” he told The Edge Financial Daily after the group’s annual general meeting (AGM) yesterday, which lasted about three hours.

Charles attributed the management’s failure to turn around the group quickly to external factors such as the slowing Johor property market and depreciation of the ringgit, which had affected negotiations with potential partners.

He said the management is prepared to settle the group’s “historic” issues, some of which remain unresolved, or else MPCorp minority shareholders will have no confidence to vote in favour of any future scheme it may propose.

Earlier during the AGM, minority shareholders had raised concerns over the group’s move to re-elect Charles as a director, the payment of directors’ fees for the financial year ended June 30, 2015 (FY15), including that of the Ch’ng family, the additional time needed by its special auditor to complete the draft special audit report, its future direction and the amount owed to creditor AmanahRaya Development Sdn Bhd totalling RM115 million.

Nevertheless, all resolutions proposed were passed.

MPCorp’s main assets are the land in Iskandar Malaysia and the 22-storey Wisma MPL in Jalan Raja Chulan here. However, the group has seen a drop in contribution from the rental of its investment property due to a lower tenancy rate of 60% in the first financial quarter ended Sept 30, 2015 (1QFY16) from 70% a year ago, said Charles.

Meanwhile, MPCorp chief operating officer Jeffrey Chin said the group has not received any proposal from Superlon Holdings Bhd ( Valuation: 2.40, Fundamental: 3.00) to be a shareholder of the group.

It was previously reported that MPCorp’s former CEO and controlling shareholder Datuk Bill Ch’ng Chong Poh, who is Charles’ father, had been in several discussions with possible white knights to rescue the group.

Charles said the white knights are not limited to local investors, adding that the weak ringgit against the US dollar has made local companies such as MPCorp attractive investment targets for foreign firms.

He added that management has continued to negotiate with potential investors to turn around the group’s business, with options including finding a new shareholder, disposing of assets and joint ventures.

Between FY10 and FY15, MPCorp made losses in four out of five years. It posted a smaller net loss of RM3.03 million in 1QFY16 from RM3.3 million a year ago, while revenue fell 29.18% to RM2.18 million from RM3.08 million in 1QFY15 due to lower contribution from the rental of its investment property.

In December last year, MPCorp’s external auditors expressed a disclaimer opinion in its audited financial statements for FY14, triggering the Practice Note 17 criteria.

Messrs BDO said it was unable to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion.

As at Nov 2, Top Lander Offshore Inc, the private vehicle of the Ch’ng family, remained the largest shareholder of MPCorp with a 56.36% stake. The stock fell 7.89% or 1.5 sen to close at 17.5 sen yesterday, valuing it at RM50.34 million.

Posted by saltedfish > 2015-12-22 15:16 | Report Abuse

Too much problems lah.....

Posted by chinaman > 2015-12-25 19:23 | Report Abuse

if datuk bill ching willing to give up the top management, this co. still can be salvaged. poor management is the main problem

Posted by paperplane2016 > 2015-12-25 20:00 | Report Abuse

Ching? Out loh!

Posted by kakashit > 2016-01-21 22:53 |

Post removed.Why?

Posted by Koon Bee > 2016-01-21 22:55 | Report Abuse

Jibai no water

Posted by calvintaneng > 2016-02-17 12:35 | Report Abuse

A TRILOGY OF 3 PENNY STOCKS

1) PM CORP GIVING OUT MONEY

2) MULPHA ASKING FOR MONEY

3) MP CORP BEING SUED FOR MONEY?

Why price never crash to zero?

Some secret news?

Hmmm?

Posted by Bullhunter > 2016-02-18 08:28 | Report Abuse

company already losing money when properties were hot in Iskandar, now propertis downturn in johor, how can it make profit??? Is there a rush to buy its properties??? Do some research to find out whether its properties are laku or not first. My 2 cents opinion.

Posted by calvintaneng > 2016-02-18 10:20 | Report Abuse

Bullhunter,

It's like this.

There were 10 fruit stores.

9 already opened for business selling papaya, guava, rambutan, banana and other fuits.

They have made their sales and prices reflected in their shares like Daiman, Country View, KSL, Ecoworld & etc etc

But only one fruit store due to technicality still remained closed.

CLOSED UNTIL NOW

THAT ONE IS MP CORP!

And This Fruit Stall Has High Quality Durian Like Hoong Har & Mau Sang Wang

SO MP CORP IS THE BEST.

AND THE BEST IS YET TO COME.

CORRECTION:

THE BEST HAS FINALLY ARRIVED!!!!!

Posted by calvintaneng > 2016-02-18 10:31 | Report Abuse

Hi Guys,

Calvin got inspiration to compose one THEME SONG FOR MP CORP

The Music is From "THE WIZARD OF OZ"

From the song "SOME WHERE OVER THE RAINBOW"

It starts like this

"SOME WHERE OVER THE HILL TOP".....

Hmmm?

Stay thinking & humming......

Wait for more inspiration from above.

Posted by Bullhunter > 2016-02-18 11:37 | Report Abuse

I bought fruits from Daiman many years ago and the fruits was good, sweet and satisfying. No many bought from MPCorp fruits because those who bought found the fruits bitter and bad. But your singing and praises to this store seem to be working and attracting buyers to the store. Hope the fruits they bought are sweet.

Posted by Annetan > 2016-02-18 21:14 | Report Abuse

Like Calvin said the 488 acres of land in JB is valuable.They also own MPland building next to AMMB and book value is 320 million.Net gearing is abt 330 million.Looking at the assets owned,won't not go bankrupt but could management plays dirty and intend to let it get delisted?Once delisted they can do anything without anyone's approval.Like the case of fountain view,it went delisted cited reasons of financial constraint.It's been delisted for quite a few yrs already and recently the shareholder got a report it now has $200 million cash after selling the landbanks.Should it be more?Only they know! It's now in a waiting game what the management wants to do with the cash! Hence buying MPCorp could have the risk like the case of fountain view

Posted by gray > 2016-02-18 21:16 | Report Abuse

they may lost their accounting report due to fire in office. that destroy all report.

and they cannot submit QR....

Posted by calvintaneng > 2016-02-18 22:02 | Report Abuse

Annetan,

I don't know about Fountain view assets as they are in faraway Selangor. As for MP Corp lands in Taman Nusa Damai I visit it very often as I am in charge of 4 houses here - 1 in Tmn Nusa Damai, 2 in Tmn Scienetex next door & 1 in Kota Masai (Ecoworld).

So I am very familiar with MP Corp's Assets and its value.

As to Bill's integrity I cannot judge. But these are the revealed facts.

Bill has been using own money to buy and buy Mp Corp shares above 50 cents. So I think he intends to see Company do well.

Tey Por Yee invested in 15 million Mp Corp shares above 50 cents. I think with him on board there is some form of monitoring and accountability from Bill.

Another thing is - Mp Corp also contributed money for the new 6 lanes highway connection to enhance land value.

And above all they have signed a Joint Venture with BPuri to develope Tmn Nusa Damai lands on a win-win basis.

With all the revealed facts I think management wants the company listed as an ongoing business with increasingly bright prospects.

These are the positive developments surrounding Tmn Nusa Damai

1) Bandar Sri Alam houses are selling like hot cakes due to 7 universities.
2) Tmn Scienetex has been doing roaring business all these years. Scienetex houses have been selling very well.
3) A Halal Food Park is now being built nearby which will create abundant jobs
4) Tanjong Langsat now in investment boom from Spore SMEs relocation and new foreign investors setting up new factories.
5) Above all is the Pengerang RAPID Boom which will spill over here.
6) After Ecoworld took over Kota Masai from Focal Aims land prices have risen to Rm45 psf asking prices.
7) The 488 acres remaining lands of Tmn Nusa Damai are prime commercial main road frontage lands for Aptec Expo Development and also exclusive lands in Lakehill.