Posted by calvintaneng > 2017-03-27 17:02 | Report Abuse

Amazing?

In a down market this dead stock moves up!

Posted by calvintaneng > 2017-03-29 10:14 |

Post removed.Why?

Posted by investlah > 2017-06-14 13:32 | Report Abuse

Calvin research ah ??

Posted by vinext > 2017-06-26 23:38 | Report Abuse

287,660,000share x 12c, Mv= 34mil
https://klse.i3investor.com/servlets/stk/6548.jsp
2016 june: RHB demand rm118m http://www.thestar.com.my/…/rhb-bank-demands-rm118mil-paym…/
historical profit, div, NTA, bonus etc:
http://www.malaysiastock.biz/Corporate-Infomation.aspx…
nov23 1994,wholly owned sub bought 878.5ac at $64m,
aug 1995 , sold to another wholly owned sub at $118.3m
1996 , rahim& co valued it at $138.2mil
2008, valued at 450m, charged to EON bank,
if $70/sf, 500ac is worth 1.5b or $5+ /share
500 Acres = 500 x 43,500, = 21,750,000 sq ft
http://eaglevisioninvest.com/mp-corp-overlooked-undervalue…/
general announcements (lots of impo info)"
http://www.bursamalaysia.com/…/list…/company-announcements/…
jan18 2016 sued by JMB of wisma MPL?JMB proceeded with the Writ
of Possession and taken possession of the management of the carpark
on 18 January 2016. MPCorp has filed a notice of appeal on 28 March
2016. Unfortunately, the Court of Appeal has dismissed our application
to appeal on 26 August 2016.
http://www.bursamalaysia.com/…/company-announcements/5451553
RHB sued for 118m:
Amanah raya sued sub:
http://www.bursamalaysia.com/…/company-announcements/5446481
annual report pg90, note 32;
28 September 2012, the Plaintiff had served a Writ of Summons for the sum of RM113,170,308 together with
interest at the rate of 7.20% per annum calculated from 19 September 2012 until the date of full settlement
(“Judgement Sum”). The Judgement Sum was allegedly in relation to amount owing to the Plaintiff as a result of
a Put Option exercised by the Plaintiff as per a Joint Venture Agreement between the Plaintiff and Oriental Pearl
City Properties Sdn. Bhd. (“OPCP”) and a Deed of Undertaking between the Plaintiff and the Company.
mar10 2014, reached settlement agreement with amanah but breached,
Top Lander owned by biggest shareholders lent 5mil advanced 2pay amanah,
(read annual report, very long)
2016 annual report:
2016 70m impairment of wisma MPL caused 83mil net loss.
2016 sale of plentong land $21m cause revenue to go higher
land disposed in 2014 was recognized in 2016.
in the middle of trying to sell MPL to pay RHB,
trying to sell lakehill land to pay amanah raya interest,
nego with few parties to develop lakehills.
Yee wee meng , ho pui hold r 38 34, why so young? really no relationship with co shareholders? YEE is rich, at 25, aldy was director for a co in many biz
why 3 exe directors r paid at least 250k, 400k, 1.3m
pg55: sued by amanah:
On 12 April 2016, the creditor had filed a Notice of Application to the High Court to fixed an auction price at
RM139,500,000 for the sale of the seven (7) parcels of land in Johor which were pledged to the creditor. On 29
September 2016, the Defendants have obtained the stay of execution of the Order for Sale. On 5 October 2016, the
court has fixed the hearing of the Plaintiff’s application to fix the auction date on 3 November 2016.
(read annual report, very long)
pg 78: note 13 ASSETS held FOR SALE is wisma MPL 250mil, charged to RHB, now auctioned in mkt as of june24,2017
44m Revolving credit interest is 9.35%, 75mil OD interest is 10.35%,
2015 may 26: sign JV with BINA puri to develop 412 DSL on lakehill 24.41ac, get cash21m+20% profit:
http://www.binapuri.com.my/…/UploadedDocum…/DOC000000754.pdf
JEWEL in hand, 485ac PLENTong land,last valued in 2008 $234mil,
gearing =debt 340m/ equity 148=225%, cash=3mil
2015 dec: JV with china firm to develop APTEC fails:
http://www.thestar.com.my/…/mpcorps-plan-for-aptec-falls-t…/
2015 dec auditor & legal advisors made 13 recommendations are to maintain appropriate accounting records and documentation, and to maintain a healthy level of staff in the finance department.
http://www.thestar.com.my/…/mpcorp-says-special-audit-has-…/
biggest shareholders keep selling until 2016:
http://www.bursamalaysia.com/…/list…/company-announcements/…
Wisma MPL, Jalan Raja Chulan, 23-storey office complex comprising a 19-storey office, 4-storey retail podium block, 2-level basement car park, some indiv units r sold,
twice buyers abort the sale, 1st was Sg firm TERRA PONTUS, 2nd was Zitron.
2014: http://www.thesundaily.my/news/1281425
MPC management is looking for a strategic partner to jointly develop the landbank the group has within Lakehill Resort City, JB,.
in annual report said that the group may consider surrendering the 7parcels of 188 acres charged to AmanahRaya Development Sdn Bhd (ARDSB) in lieu of payment of a RM115 million facility to ARDSB.
MPC however believes that the plots of land are worth more than loan sum.
The plots are part of MPC's entire 490-acre land in Johor Baru, which was last revalued in July 2008. Then, it carried a net value of RM241.32 million.
Its revenue contributor Wisma MPL, which is located at Jalan Raja Chulan, was valued at RM320 million as at Oct 14, 2014.
Ch'ng family's Top Lander Offshore Inc is the largest shareholder of MPC, with a 56.36% stake.

Posted by vinext > 2017-06-27 00:29 | Report Abuse

land value estimation, see annual report:
pg 76, all of note 7, 8:
note7a: 2014 nov independent value valued the land charged to amanah at 139mil. It was charged to borrow 115mil.
Nov2014, apr 2016, nov 2016, AMANah to lelong it at 139.5mil, blocked by MPC.
7b: dev land was valued at $18.82/sf (dec2014)
7c: valuer DTZ letter dated 2 September 2016 (2015: dated 15 July 2015),
the market value of 36 parcels of freehold agricultural and commercial lands with an approximate aggregate land
area of 16.63 million square foot amounting to RM328.93 million (2015: RM313.13 million)= 19.78/sf
note8(c):
In financial year 2011, a subsidiary company, LHRD entered into a sale and purchase agreement (“SPA”) of dispose
46 plots of vacant bungalow land within Lakehill Resort City, Iskandar Malaysia, Pasir Gudang, Johor Darul Ta’zim,
of approximately 375,351 square foot of freehold land in Mukim Plentong, District of Johor Bahru, State of Johor
to a related party, Optima Mewah Sdn. Bhd. (“Optima Mewah”) for a sale consideration of RM16,890,815. (later terminated, no deal), Psf price=$45
Q: why 2prices such a big difference? WTF, need to find out
2014: sold 163 sub-divided residential lots with area measuring approximately 260,938.46 square feet is located on a 17.5 acres freehold agriculture land,
recognized in 2016
http://www.theedgemarkets.com/…/mp-corp-sell-johor-land-rm9…
http://disclosure.bursamalaysia.com/Fi…/apbursaweb/download…
MP corp :
debt 340m+ Mkt cap 34m=374m
asset: MPL building auctioned at 255m (i expect to be sold below 200m)
485ac plentong land (has done deal at 30s to 50psf)=800m to 1b.
Dato chng owns +-50%.
2016 ANNUAL REPORT:
http://disclosure.bursamalaysia.com/Fi…/apbursaweb/download…
annual REPORT ERRATa:
http://www.bursamalaysia.com/…/company-announcements/5266333
mar2017 1Q lost 4.2mil:
http://www.bursamalaysia.com/…/company-announcements/5448225
govt issues:
http://klse.i3investor.com/servlets/forum/800001170.jsp…
1) director/ datin co lending to MPCB at 14%
2) da cruz is not independent at risk mgmt & audit committee cuz dating mona Chng se hua, doter of dato (2016 AR didnt have Da cruz)
3) MPCB sell land to own subs, to generate revenue so that it doesn't slip into PN17, not illegal but didnt seek shareholder's approval

Posted by Apollo Ang > 2017-07-13 10:06 | Report Abuse

datuk calvin u hosei liao up a lot now

Posted by calvintaneng > 2017-07-13 10:29 | Report Abuse

WAHAHA!

MONEY POWER CORP WAKING UP NOW!!

Posted by Apollo Ang > 2017-07-13 10:37 | Report Abuse

tan eng hai no own 1 million shares leh....hahaha

Posted by paperplane2016 > 2017-07-13 12:37 | Report Abuse

losing money, owe bank few hundred millions still can draw RM2mil++ every year!
JOKERS!

Posted by chinaman > 2017-08-17 10:13 | Report Abuse

What happen to JV with Taiwanese developer, Chun Fu? No news? I'm waiting eagerly for this Nenek Ching to kick start the long pending resort project. Nenek Ching very slow to decide....

Posted by apolloang > 2017-08-30 21:47 | Report Abuse

datuk calvin ur mpcock can be like huaan up 10cts,from heavy losses now turn to profit? hahaha

Posted by djibaok > 2017-09-09 10:37 | Report Abuse

nenek ching now in ICU waiting time oni

Posted by syahir1986 > 2017-10-04 13:30 | Report Abuse

langsi pun stock..ada tanah mahal di pasir gudang tak maw jual..jual saja la tanah nusa damai sana sama scientex ka, ecoworld ka,mahsing ka

Posted by chinaman > 2017-10-16 09:54 | Report Abuse

All Johor property shares keep surging high except MPCON. Sultan Johor, Sultan Ibrahim is the main pull to all Johor lands now. Daulat Tuanku!

Posted by bjgdila123 > 2017-12-07 09:02 | Report Abuse

0.05 baru tibai kau kau

Posted by spiderman49 > 2018-01-04 07:21 | Report Abuse

:DDD

Posted by calvintaneng > 2018-02-05 18:32 | Report Abuse

ANOTHER ROCK BOTTOM STOCK NOW SOLID AS A ROCK!!!

Posted by Muhammad Syahir Yosuf > 2018-02-12 11:08 | Report Abuse

Wtf kasi value balik la tanah aptec di Nusa damai pasir gudang..masih banyak tanah semak tak bangunkan lagi..baik jual dekat Scientex je la..

Posted by yap50 > 2018-02-21 16:36 | Report Abuse

icu

Posted by acevent > 2018-02-22 07:54 | Report Abuse

how much rhb auction the building?

Posted by paperplane > 2018-02-22 08:09 | Report Abuse

just close shop lah, keep drawing money with no business, for what?

Posted by Muhammad Syahir Yosuf > 2018-02-26 16:01 | Report Abuse

Calvintaneng your prediction in last march 2017 was correct brother..Now Bina Puri already put their signboard on the previous lakehill showroom..we could expect something is happen from MPCORP and Bina Puri..maybe a JV or they already sell the land in Nusa damai & APTEC Lakehill project to Bina Puri..its true I just saw yesterday the signboard of BPuri was placed because I live in Scientex pasir gudang..Buy call for MPCorp!!!

Posted by stkoay > 2018-03-09 14:29 | Report Abuse

hello calvintaneng, how much have you make from mpcorp........since your recommendation from year 2010?

Posted by calvintaneng > 2018-04-22 16:21 | Report Abuse

Overhang by States

Johor 17.7% (4,376)

Penang 15.8% (3,916)

Kedah 15.3% (3,783)

In Johor - majority of the overhang comprises of condos/apartments priced RM500,000 to RM1mil.


Calvin comments:

The above figures are correct!

Majority of overhang in Iskandar consists of High Rise Condos priced over Rm500,000 to Rm1 Millions in Iskandar

So Calvin tells all fellow i3 Forum members to avoid & refrain from buying Condos priced above Rm700,000 in Iskandar.

Go for Landed Houses priced below Rm500,000 which now consttitutes the best investments.

Where to look

1) Bandar Meridin East by Mah Sing still got new 2 storey houses priced around Rm410,000. Over in Ecoworld next door all 2 storey houses below Rm500K have been all sold.

2) In Taman Nusa Damai (just after Bandar Sri Alam) BPruri jv with Mp Corp have launched 2 Storey Houses 20x60 for Rm488K. This one comes with G&G with Chub House and Swimming Pool. More than 50% already sold. This project is called Puri Residences. Opposite is the APTEX Commercial Lands.
Bookings can be placed at JB Sentral, in JBCBD.

3) In Taman Mutiara Rini (Boustead) 2 storey houses priced at Rm550,000 each were all sold. This is a hot area.

4) Scientex Pulai has 18x65 2 storey houses selling very well around Rm410,000. Similar built up like those of Mah Sing in Bandar Meridin East. Scientex management is proactive in buying more lands for affordable housing in Iskandar.

Note:

I don't have shares in Boustead, Scientex or Mah Sing. I still hold shares of MP Corp which owns the 480 acre lands on Taman Nusa Damai.

BPuri Jv with MP Corp to build 300 2 storey houses in Puri Residences of which 150 units have been sold.

Management of Bina Puri dare to build & sell even before MP Corp has fully resolved its many Court cases. Calvin is watching.
22/04/2018 16:20

Posted by leslieroycarter > 2018-04-27 12:33 | Report Abuse

Land for Lelong , so as minority shareholders u r the last one to claim if there any leftover but I doubt any left.

Posted by calvintaneng > 2018-05-21 15:44 | Report Abuse

FROM GSB FORM

GSB NOW HOT STOCK!!!


calvintaneng kennyku Can i buy in now?
21/05/2018 14:44

Now really not sure as day traders & punters have joined in.

Time to buy GSB was around 10 sen when Calvin shouted & shouted & nobody bothered.

Same when Calvin shouted buy Opcom at 40 sen when few bothered.

NOW IS THE TIME TO BUY MP CORP

MP CORP?

HOW TO BUY THIS LAPSAP (RUBBISH)?

WAHAHA!!!


OK OK,

FOR ONE CHUN CHUN IS TA ENTERPRIZE

THIS MONTH END TA WILL ANNOUNCE EXCELLENT RESULT!!!
21/05/2018 15:41

Posted by rogers123 > 2018-06-05 00:00 | Report Abuse

Calvin: R u sure about this stock. A very lousy stock. Going to be bankrupt soon la

Posted by calvintaneng > 2018-06-06 18:20 | Report Abuse

Rogers

Bankrupt?

Suppose a person has 2 assets

One shophouse valued at rm250,000 plus a piece of prime land valued at Rm500,000

Total net net is rm750,000.
And if he. has only rm200,000 debt do you think he should go bankrupt

Or suppose to have A house valued at rm1million in Bangsar, KL AND YOU GOT BANK LOAN ONLY RM100k?

Think you can go bankrupt?

İf cannot pay bank lelong the house at half price of Rm500k. After settle debt of rm100k still got rm400k left.

So Mp Corp is valued at 50 sen and sells for 8 sen?

Can buy or not?
HAHAHA!

Posted by rogers123 > 2018-06-06 23:21 | Report Abuse

Calvin: R u sure or not. Every year loss 4-5 cents. After a few years the price will fall from Rm0.08 to 0.01.. Sued by bank. No business... Waiting to die only

Posted by rogers123 > 2018-06-06 23:25 | Report Abuse

Bank borrowings 405
Deferred tax liabilities 29,561
Trade and other payables 206,823
Provision for liquidated and ascertained damages 257 257
Bank borrowings 145,645

Posted by rogers123 > 2018-06-06 23:27 | Report Abuse

Property, plant and equipment 1,099
Land held for property development 212,978
Property development cost 22,803
Trade and other receivables 12,896
Tax recoverable 1,322
Cash and cash equivalents 135
Assets held for sales 256,000

Posted by rogers123 > 2018-06-06 23:28 | Report Abuse

Cash 135 vs bank borrowing 405+145645- Where got money to pay?

Posted by rogers123 > 2018-06-06 23:28 | Report Abuse

Assets held for sales also no one wan to buy- How?

Posted by rogers123 > 2018-06-06 23:29 | Report Abuse

Trade receivable 12896 vs Trade payable 206823- Sell backside also cant pay back its suppliers

Posted by rogers123 > 2018-06-06 23:31 | Report Abuse

The land? There is no value for abandoned land. Value will only create when there is some development. No money how to develop?

Posted by calvintaneng > 2018-06-07 01:36 | Report Abuse

Roger is in total ignorant of Tmn Nusa Damai.

Land book value rm11. Actual value currently is rm35psf.
So land alone is rm750 mil
Plus rm250 mil in Mpi building Kl

Total is Rm1 Billions

Debt is?

Minus Rm1 BİLLİONS FROM DEBT STİLL LEFT?

Got surplus?

Come visit Tmn Nusa Damai?
And OPEN YOUR EYES AND SEE!!!
HÜHÜHÜ!

Posted by calvintaneng > 2018-06-07 01:38 | Report Abuse

MİNUS ALL DEBT FROM RM1 BİLLİÖNS STİLL LEFT MANY MİLLİÖNS HOR?

HÜHÜHÜ!!

Posted by rogers123 > 2018-06-07 07:24 | Report Abuse

But now the property is not doing well. Supply is more than demand. Bank loan is so difficult to get approval. My frenz, owner of construction, he told me nearly 65% of buyer who r able to pay downpayment, but rejected by banks

Posted by rogers123 > 2018-06-07 07:25 | Report Abuse

The value of 35, got value but no one wan to buy. Become ghost land like iwcity

Posted by rogers123 > 2018-06-07 07:27 | Report Abuse

Hahaha. Wan to buy better buy iwcity. Rm 2.00++ value but now only 0.50++. Somemore the payment from china buyer will contribute a few years more.

Posted by calvintaneng > 2018-06-07 08:02 | Report Abuse

Some facts on Mp Corp lands and assets.

Mpi Plaza in Kl is ripe for redevelopment.
Valued at Rm300k. Should be able to sell faster if Company cuts it by 30% discount to Rm210 millions.

Lands in Tmn Nusa Damai consist of the remaining very best lands in

1. Lakevieü. These are excellent lands facing a pure lake.

2. Aptex commercial road frontage lands. 6 lanes road connect to Bandar Sri Alam in ten minutes. İnfrar, drainage and landscape all done. Ready to build. TEBRAU TEGUH Lands in Permas are still virgin jungle... long time more since got no development here

3. BPuri took a high land opposite the Mosque and built 300 landed houses. 20x60 2 storey. Prices start from Rm488k a unit. 50% sold out already.

This place is called Puri Residence. Sold agent located in Jb Sentral. Heavy footfall from Malaysians returning from Singapore.

Anyone got S$2,000 job (rm6,000) easily qualify for a loan.

4. One piece of nice land beside Tmn Scientex, Pasir Gudang. Opposite TS Hotel, Sciencex Sales Office and Econsave Supermarket.

Beside Econsave are shops just launched for sale at around Rm800,000.

Scientex is fully developed and sold. No more lands left here. So Mp Corp lands getting more valuable each day.

5. And these are the current prices of Tmn Scientex and Tmn Nusa Damai houses

2 storey compact houses by Tmn Scientex. 16x60 sq ft or 960sf

1st sold at rm138k
Then Rm168k

Then they built 2 1/2 storey in Jln Tiong at Rm228k. price raised to rm268k

Current prices for 2 storey rose near rm260k and for 2 1/2 storey is rm350k

Alk these got no gated or guarded.
Puri Residence is gated and guarded. Got clubhouse and pool. That is the reason for selling like hot cakes.

6. Other prime pieces of Road frontage lands.

The book value of mp corp land is rm8.50. later revalued to rm11 psf.
Current price in kota masai is already rm45 psf.

So Tmn Nusa Damai lands being more superior in location should be anything from Rm35 to Rm50 residential lands and Rm60 to Rm100psf for those Aptex Road frontage lands designated for Aptex.
And out of 500 acres remaining lands of mp corp almost half are under commercial.

So Mp Corp has deep hidden value to be unlocked.

i have one house in Tmn Scientex. My son got one in Tmn Scientex and also one house in Tmn Nusa Damai. All tenanted out. All my friends are also happy to see their houses here appreciate by 200% these 5 years..... bought from Jb High Court auction at rock bottom prices.

Everything has gone up in price except the book value of Mp Corp lands.

And so just buy as price is overlooked unloved and neglected.

TİME İS THE ONLY ESSENCE İN UNLOCKİNG VALUE.

Posted by mawiLegend > 2018-06-08 14:25 | Report Abuse

when the right time to buy mp corp sifu calvintan? this evening? next week?

Posted by joetay2 > 2018-06-08 14:27 | Report Abuse

pn17 stock, buy at ur own risk.

lol.............

Posted by rogers123 > 2018-06-09 01:17 | Report Abuse

properties held by the group
Tenure Location Approximately Net
Lettable Area/
Land Area
Approximate
Age of
Building
(years)
Net Carrying
Amount @
30 June 2017
(RM’000)
Date
of
Revaluation
1 Freehold i 19 Level office tower 257,805 sq ft 43 256,000 30/6/2017
ii Majority of the floor area
of 4 level retail podium
at Jalan Raja Chulan
50200 Kuala Lumpur
76,864 sq ft
2 Freehold Remaining land &
Development in the
Mukim Plentong,
District of Johore Bahru,
Johor Darul Takzim
485 acres - 234,337 11/9/2017

Posted by rogers123 > 2018-06-09 01:18 | Report Abuse

485 acres revalued at 11/9/2017. Calvin

Posted by calvintaneng > 2018-06-11 10:06 | Report Abuse

rogers123

485 acres revalued at 11/9/2017. Calvin
09/06/2018 01:18

Book value of Rm11.09? Where got? Not in the real market lah.


The revaluation is not the actual market sale price

Magligai bought those lands behind Jalan Tenteram 3, Taman Nusa Damai between Rm40 to Rm45 psf

In Jalan Belimbing, Taman Kota Masai (these lands sold by Focal Aims originally at Rm12 psf) now asking price by Ecoworld is Rm45 psf.

In Nusa Damai still got

1) Main Road Frontage Freehold Lands

2) APTEX Commercial Zone lands

3) LakeHill Lakeside Lands

The above 3 areas easily command a price from Rm50 psf to Rm80 psf if Bill Ch'ng wants to let go any

Posted by calvintaneng > 2018-06-11 10:36 | Report Abuse

Going to Launch soon in Taman Nusa Damai

160 houses after Jln Tenteram 3, Nusa Damai by Magligai

20x70 ft 2 storey houses for Rm500K each

Better hurry!


Magligai bought 16 Acres of Lands from MP Corp at Rm40 to Rm45 psf

See

http://www.mahligai.my/

Posted by calvintaneng > 2018-06-11 10:40 | Report Abuse

See BPuri JV with MP CORP for 400 Units of 20x60 2 storey houses

Starting from Rm488K a unit

50% sold already!!

See google map of Mp Corp

https://www.google.com.my/maps/@1.5024245,103.8988449,3a,88.6y,336.14h,135.46t/data=!3m6!1e1!3m4!1sGsQ5KD766z4PvkVk82_I7g!2e0!7i13312!8i6656

Posted by calvintaneng > 2018-06-11 10:47 | Report Abuse

See Highway from the Direction of Bandar Sri Alam (CITY OF KNOWLEDGE) in the direction of Taman Nusa Damai

Only 5 minutes away!!!

Currently all the Imperial 2 storey of Bandar Sri Alam priced Rm600K below ALL SOLD OUT!!

Only houses above Rm750K are still availaible in Bandar Sri Alam

So Puri Residence at Rm488K all Sold like Hot Cakes!!

Next month Magligai will launch 20x70 2 storey for Rm500K each

See

https://www.google.com.my/maps/@1.5104182,103.8909865,3a,60y,101.07h,90t/data=!3m6!1e1!3m4!1sxwGddh_z0XvfOp7PX4TdPg!2e0!7i13312!8i6656

Posted by calvintaneng > 2018-06-11 10:56 | Report Abuse

See APTEX Prime FREEHOLD Commercial Lands on the Right of 4 Lanes Highway

These are now worth Rm60 psf to Rm80 psf or even more!!!

(Book value Rm11.09? You must be joking.

Daiman Boss told me in today context.... Raw lands that need landscaping & drainage will need at least Rm25 psf Cost Alone. If in Hilly or Hard To Reach Terrain it will cost more.

SO If Cost of Landscaping is Rm25 psf how to get at Rm11.09?

See

https://www.google.com.my/maps/@1.5023989,103.9014487,3a,75y,68.02h,101.36t/data=!3m6!1e1!3m4!1s8HljijPsar6lzD8APs1kyw!2e0!7i13312!8i6656