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.
Agree with bullhunter. So every qtr MP Corp will report loss. Every month only see PN 17 announcement. Bankrupt candidate possible.
Posted by Bullhunter > Feb 18, 2016 08:28 AM | 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.
ISKANDAR LANDED PROPERTIES – BEST BUY IN THE WHOLE WIDE WORLD! Posted on July 13, 2015 by Calvin Tan With the Relentless QE by Central Bankers We Will Continue To See The Erosion and Depreciation of Paper Currencies. As Such We Should Seek Safe Havens.
Safe Havens Are in Bonds or Value Stocks That Give a Decent Yield That Cover Inflation. In Gold or Farm Lands. In Real Estate of Safe Countries With Rising Potential. Currently As The Chinese Stock Market Swoon Many Rich Chinese Who Have Cashed Out Are Buying Properties in Sydney, London, Tokyo & Elsewhere. This is a form of protection in uncertain times.
There is No Place Like LANDED PROPERTIES In Iskandar for the Best Real Estate Investments today. These Are The Reasons:
1) ISKANDAR LANDED PROPERTIES ARE STILL CHEAPER THAN KL, PJ, PENANG, KUCHING OR KOTA KINABALU
In Nusantara Prima. 2 Stroey Super Link House Called Reina (24×70) still available at RM499,000. This similar house will be priced above Rm900,000 elsewhere.
2) ISKANDAR HAS RECEIVED THE LION SHARE OF FOREIGN DIRECT INVESTMENT(FDI). More than Selangor & Penang Combined. The Cumulative Investment has Reached Rm170 BILLIONS In ISKANDAR. These Mammoth InFlow Of Funds For Productive Manufactures & Services Will Employ Multiplied Hundreds of Thousands of New Jobs in Iskandar – Thus Drawing Millions More Future Immigrants to Iskandar. This was what happened to Shenzhen. When FDI Exploded in Shenzhen the sleepy fishing village drew in tens of millions immigrants from Sichuan, Yunnan & Elsewhere. This same scenario is repeated here.
Note:
FDI For Manufacturing in Year 2013 was Rm14.4 Billions For Iskandar. Next highest was Selangor at Rm9.8 billions.
FDI For Manufacturing in Year 2014 was a Whopping RM21 BILLIONS! Trailing far behind in 2nd place was Sarawak at Rm9.6 billions.
THESE HUGE INVESTMENTS WILL RESULT IN MUSHROOMING FACTORIES – LEADING TO MULTIPLIED HUNDREDS OF THOUSANDS OF QUALITY JOBS WHICH THEN TRANSLATE TO A FURTHER UPSURGE IN DEMAND FOR HOUSES!
3) THE CRASH OF RINGGIT MADE ISKANDAR MANUFACTURES SUPER COMPETITIVE
With The Crash of Ringgit Against Renminbi The Advantage of Cheap China Cost is now erased. Malaysian Goods Are More Superior Than China in quality.
Take Prestar Wheel Barrow for Example. A Good Quality Wheel Barrow by Prestar costs Rm90 while a wheel barrow imported from China costs Rm70. With Renminbi now up by 15% the price gap is narrowed. A construction company would have replaced 3 flimsy Chinese Made Wheel Barrows Before discovering the Strong, Tough Enduring Quality of Prestar.
4) THE STRONG SINGAPORE DOLLAR
Iskandar is only 3 minutes away by Causeway Ride From Singapore. But Prices are now only 1/3 of Singapore! See One Mighty Sing Dollar Now Equals RM2.83
Every Weekend Long Queues of Cars Made Its Way Into Iskandar. It is now the Best Time To Pick Up That Landed Property. Why Landed Property? Please see my article on “SUPERIORITY OF LANDED PROPERTY OVER HIGH RISE CONDOS”
5) ISKANDAR CRISS CROSSED BY 6 & 8 LANES SUPER FREEWAYS
Right Now The Pasir Gudang Highway is being upgraded from 4 lanes to 6 lanes. Traveling in Iskandar is a breeze. Also much of it TOLL FREE Unlike KL or Spore with Electronic Tolls everywhere!
6) FREE FROM EARTHQUAKES, TYPHOONS, VOLCANO ERUPTION OR TSUNAMI
Right Now Typhoons are Slamming into Korea & China. Flights are cancelled in Bali due to Volcanic Activity. Iskandar is really the last bastion for safety in an increasing turbulent planet.
7) HEALTH CARE, EDUCATION & AMENITIES ARE A FRACTION IN COST COMPARED TO ALL OTHER COUNTRIES.
Well known as a low Cost Medical Destination A Dozen World Class Hospitals Are Found here. Also over 2 dozens of World Class Universities & International Schools.
8) WORLD CLASS THEME PARKS
Already Up are LEGOLAND, LEGO WATER PARK, HELLO SANRIO KITTY, 2 OCEAN PARKS IN PROGRESS IN DESARU & 2 WORLD CLASS THEME PARKS BY SUNWAY LAGOONS.
9) FUTURE CONNECTIVITY BY MRT FROM SPORE THOMSON & HIGH SPEED RAIL FROM KL – GERBANG NUSAJAYA – SPORE. CHANGI INTERNATIONAL AIRPORT ONLY 50 MINUTES AWAY!
10) ISKANDAR – THE HEART OF THE PACIFIC CENTURY BOOM!
Flanked by China in the North, India in the West, Singapore just south of the border Iskandar is in the Heart of It All!
Look no further. Iskandar will be your BEST INVESTMENT FOR THE NEXT 30 YEARS!
ACT NOW TO SECURE YOUR INVESTMENT IN ISKANDAR!!
NOTEWORTHY NOTES:
Don’t be misled by All Negative News About Iskandar Real Estates. There is a rumour about property glut in Iskandar due to misinformation.
So near to Pasir Gudang....too dangerous because too many toxic factories operating there. Any thing un-towards may happen if there is a disaster . U must really see whether there r safety precautions done to thwart any mishaps if any. So buying a house closed to these areas will not be a good choice let alone staying there.
with property downturn, high gearing and lost making quarterly whatever assets in such situation dont really worth much
i think the ship is heading to pn17 good lucky to those guys onboard
posted by muscle > Feb 19, 2016 09:10 PM | Report Abuse
Pls stop promoting tis counter... U r talking to u alone... Dun make urself dummy... Tq
Posted by sell > Feb 19, 2016 03:13 PM | Report Abuse
Agree with bullhunter. So every qtr MP Corp will report loss. Every month only see PN 17 announcement. Bankrupt candidate possible.
Posted by Bullhunter > Feb 18, 2016 08:28 AM | 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.
Taman Nusa Damai is located between Bandar Sri Alam on the Left and Taman Scientex/ Taman Kota Masai on its right.
It is a nature's enclave. Bandar Sri Alam is very quiet & serene -that's why there are many universities & colleges here.
Same for Taman Scientex (Very peaceful) Houses here sold like Hot Cakes. See how Scientex share price has already gone past Rm10.00
The 6 Lanes Highway from Sri Alam will pass through Nusa Damai & all the way through Taman Scientex to join the Main Road of Kota Masai - The Road Will Then link to the Kong Kong - Tanjung Langsat PLUS Highway. The factories of Pasir Gudang are located 10 km - quite far away.
There is a very wrong perception that Iskandar is facing a property downturn.
Downturn only for High End High Rise Condos which few people want. BUT THERE IS A HUGE DEMAND FOR LANDED PROPERTIES!
Like this
Suppose there is a sudden surge of shops selling burgers that does not mean that food prices have crashed (Only burger prices) Not for those selling rice. We prefer to eat rice for lunch and dinner.
So condo glut does not mean property price crash. LANDED PROPERTIES ARE STILL IN GREAT DEMAND HERE IN ISKANDAR.
Last time When I promoted Pm Corp at 15 cts naysayers like MrTigerShark, Anbz, Sang-Jero, JCool, MikeKong55 and others posted negative stuff. Instead of buying Pm Corp they went into landmines like Patimas, Sumatech at 50 cents, PDZ at 30 cents, Thheavy at Rm1.03, Daya at 43 cents & others which crashed by 60% to 80% later.
So better CHECK YOUR OWN SELVES Before Passing Judgement on something "you know nothing" about on its latest developments.
Not his Vision lah. See he kept the best Aptec & LakeHill Lands still in his vision
Y. BHG DATO’ BILL C.P. CH’NG Chief Executive Officer B.Arch (Univ NSW), FRAIA, RIBA, APAM Fellow of the Royal Australian Institute of Architects Associate of Royal Institute of British Architects Associate of Pertubuhan Akitek Malaysia Dato’ Bill C.P. Ch’ng, a Malaysian, aged 71, has been appointed the Chief Executive Officer since 30 December 2004. Dato’ Bill is a substantial shareholder of Seacrest Land Limited and Top Lander Offshare Inc. which in turn owns and controls 61.21% of Malaysia Pacific Corporation Berhad, jointly with his spouse, Datin Kong Yuk Chu who is also the Executive Director of the Company. His profile and achievements are as follows: v Council Member of the Malaysia-China Business Council. v Standing Committee member of the Federation of Overseas Chinese Fraternity, Quanzhou, Fujian, Peoples’ Republic of China. v Past Council Member and Honorary Treasurer of the Malaysia Institute of Architects. • Two times 1st Prize Winners in Architecture in 1971 (Malaysia and Singapore). • “Asia’s 50-Top CEOs Corporate Takeovers” in 1989, by Business International. • “Asia Pacific Outstanding Entrepreneurs Award 2009”, by Asia Enterprise. • First Architect / partner of University of Malaya Medical Faculty & University Teaching Hospital, Petaling Jaya, 1965-1970 (First medical school in Malaysia). • Architect / planner / applicant, who conceptualized the first Casino license for Genting Highland Resorts, Kuala Lumpur, 1965-1972 (He reserved his copyright of the original design master plan after he resigned). • Patented the first aluminum alloy cast-insitu quick building construction system (Q-Built System) in 1978-1985 of aluminum formwork into Malaysia, Singapore and China. • One of the First advisors for Daya Bay Nuclear Power Preparatory Office, Guangdong, Peoples’ Republic of China, in 1984-85. • First advisor arranger of first two (2) foreign financed and imported oil-fired power turbine plants into Peoples’ Republic of China, for Xiamen and Fuzhou cities in 1984-1985. • Initiator and promoter of the advanced purification technology of rare-earth mining and processing to the Ministry of Metalurgy Peoples’ Republic of China, 1984. • Past Chairman of PRC-Engineering (Malaysia) Sdn Bhd, one of the world’s largest engineering consulting groups. • Special envoy and itinerary visit coordinator for the First Official Visit to China of the 4th Prime Minister of Malaysia, Y.A.Bhg. Tun Dr Mahathir Mohamad in 1985. • Special appointed envoy of the Government of Malaysia to liaise with China for the eventual date of cessation and truce by Communist Party Malaysia (CPM) in Malaysia in 1986 – 1987. He has not been convicted of any offence within the past 10 years. Presently he initiated his vision of APTEC in Iskandar Malaysia as the new trade-platform and distribution centre in “Charting New Silk Road: Connecting China, ASEAN, INDIA and the Middle East
I bet most shareholders wish he die faster. He is the one stopping ppl making money. Many ppl behind cursing him and his pig like son to ide faster. All family kena curse by many shareholders daily, how to do well. Kekeke
its so weird a veteran CEO with such impressive long list of ahievement in CV but produce below expectation or yet to prove outstanding results. will APTEC really realised eventually or remain an elusive dream?
UNDERSTANDING THE PROBLEM DISSOLVES THE PROBLEM ----------------------------------------------------------------------------------------KungFu Master Bruce Lee
Precisely due to Deep Misunderstanding All of You Will Miss This Great Bargain like you missed Pm Corp at 15 cents & Perak Corp at 40 cents.
Now is the time to buy some Mp Corp while people are still filled with prejudiced in their darkened minds.
Last time when I highlighted PM CORP People also said Lots of Bad Stuff about KKP. See how they missed a 100% growth in less than 3 years when PM CORP Finally declares an 8 cents Cash Pay Out.
Last time Mp Corp was 39.5 cents & Calvin called all to buy a little. Say 15,000 shares at 39.5 cts = Rm6,000.
As Price has Fallen VALUE HAS EVEN EMERGED BETTER NOW THAN LAST TIME
You Can Now Buy 25,000 MP CORP Shares for the Same Amount of Rm6,000!
Last Time Rm6,000 got us 15,000 MP CORP Shares. Now Rm6,000 will get Us 25,000 MP CORP SHARES!
Be greedy while others are fearful. Be fearful only when others are greedy.
For Now MP CORP at 24 cts with Rm6.30 revised NTA Is Selling at 97% Discount.
Where to find in all of 1,800 stocks of KLSE? Or anywhere else on planet earth?
Those diehard who listens to the fairy tales uncle calvin got burnt again......hahaha........ The investment rule is simple.......when you hear, see, or smell calvin......you run......and run fast......hahaha...... MPCORP below 20 sen AGAIN.....hahaha......hehehe....
Yeh, this Chng fellow living on past glory. Someone pointed out all his previous glories and achievements up to the point just before he went to jail for fraud in Hong Kong.
Bill Ch'ng did go to jail a few years ago for fraud in Hong Kong. Some people were sticking leaflet around Wisma MPL to Muzium Telekom on Bill Ch'ng fraud case.
ayoh chongpoh calvin want to buy some more at 47 cents. if price run away how to get it cheap. tpy already bought at 55 cents already. so 47 cents is a real bargain now
---------------------------------------------------------------------- 47 cents real bargain ???? What about below 20 sen now kekekeke
calvintaneng recommended this stock in early 2014 when it was trading above 50 sen. He also said he will conduct operasi tong sampah ie buying all he can....even with borrowed money. After 2 years, his investment dropped a few HUNDRED percent. This is what will happen to your investment if you have eagle eyes like calvintaneng.
I will always support calvintaneng. He failed because he is less cautious. He will prove it once again. I strongly believe calvintaneng. He is a genius.
calvintaneng recommended this stock in early 2014 when it was trading above 50 sen. He also said he will conduct operasi tong sampah ie buying all he can....even with borrowed money. After 2 years, his investment dropped a few HUNDRED percent. This is what will happen to your investment if you have eagle eyes like calvintaneng.
It is dangerous when the company already PN 17....owing the bank tonnes of monies loh...!! to recover....it is only thru sell of land n property. The bank will simply sell cheap....bcos the objective is to recover their borrowing....they are not interested to make profit on the land.
Yalor. This big holders stupid loh, let bank lelong his pleasure land cheap. Must well he sell himself and take the balance to enjoy life. Resl stupid guy.
According to the ICIJ, Nazifuddin became one of two directors of Jay Marriot in 2009.
The other director was reportedly Ch’ng Soon Sen, who was reportedly then the executive director of the property developer Malaysia Pacific Corp and is now its CEO.
The ICIJ report also noted responses to the leaks from Nazifuddin and Ch’ng.
Ch'ng reportedly confirmed acquiring Jay Marriot together with Nazifuddin in 2009, but there had been no business activity “since formation”.
In addition, he said Nazifuddin has transferred his shares in Jay Marriot to Ch'ng's sister and resigned in 2011.
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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....