Posted by calvintaneng > 2019-08-07 23:20 | Report Abuse

ACTUALLY 432 ACRES

IF VALUED AT RM40 PSF TOTAL WORTH NOW ABOUT RM752 MILLIONS


THESE ARE THE VERY BEST LANDS

LAKEVIEW, APTEC COMMERCIAL & LANDS OPPOSITE ECONSAVE MART


MINUS ALL DEBT THE NET NET VALUE OF PURE LANDS ALONE IS RM60 PER SHARE

AT 15 SEN WE ARE PAYING ONLY 25% OF REAL VALUE



HOW COMPANY CAN UNLOCK VALUE?

1) BY OUTRIGHT SALE OF LAND PARCELS (TO MAGLIGAI)

2) BY JV WITH BINA PURI

3) DEVELOP LANDS ON ITS OWN (IF MP CORP MANAGEMENT BUILD AFFORDABLE HOUSES LIKE SCIENTEX NEXT DOOR THEY WILL SELL LIKE HOT CAKES

Posted by calvintaneng > 2019-08-07 23:25 | Report Abuse

SEE WRITEUP ON MP CORP

https://johorinvestment.com/

Posted by apolloang > 2019-08-07 23:33 | Report Abuse

1 win 99 lost picks ar? hahaha

Posted by calvintaneng > 2019-08-07 23:35 | Report Abuse

OK GUYS

THERE ARE 3 HOUSES HERE FOR SALE AT GOOD VALUE IF YOU ACT FAST

1) TAMAN NUSA DAMAI

DOUBLE STOREY MEDIUM COST HOUSE

18X60 OR 1080 SQ

RENOVATED 3 ROOMS 2 BATHS

WHOLE HOUSE MOSAIC

SELLING PRICE RM280,000



2) TAMAN SCIENTEX

NEXT TO TMN NUSA DAMAI

ONE AND HALF STOREY

3 ROOMS 3 BATHS (RENOVATED)

20X70 OR 1400 SF

RM368,888


3) BANDAR SRI ALAM (LAKEVIEW)

BEFORE TMN NUSA DAMAI

26X100 = 2600 SQ

DOUBLE STOREY

SUPER LINK SUPER LONG HOUSE

VERY BIG CAR PORCH CAN PARK 8 CARS

5 ROOMS 3 BATHS

GATED AND GUARDED.

VERY CHEAP RM688,888


ALL ABOVE 3 ARE FREEHOLD & INTERNATIONAL LOTS


ANYONE INTERESTED WHATASPP 0146101668

Posted by apolloang > 2019-08-07 23:41 | Report Abuse

apa I tot u master in stock market now have to sell properties pula,why don't u buy all if u consider cheap? my uncle staying in spore told me never buy johor properties,low class one....hehe

Posted by Ron90 > 2019-08-08 00:45 | Report Abuse

haha...no wonder my account got extra.. 200% profits !!!

Posted by Ron90 > 2019-08-08 01:23 | Report Abuse

when they managed to sold Wisma MPL for 189 m, relieve olready. debt 159m, means got extra 30 m for survival...

Posted by anticon > 2019-08-08 07:44 | Report Abuse

calvintaneng ACTUALLY 432 ACRES

IF VALUED AT RM40 PSF TOTAL WORTH NOW ABOUT RM752 MILLIONS


THESE ARE THE VERY BEST LANDS





wah, worth alot of money especially JB land.

Posted by lachai2004 > 2019-08-08 09:48 | Report Abuse

Thumb up^o^^o^

Posted by anticon > 2019-08-08 14:08 | Report Abuse

wow, 1359 shares at 15 cents eaten in 1 scoop before morning session closing, stay tuned confident something's up. Confident afternoon session will be greater movement.

Posted by Linus Kt > 2019-08-08 19:09 | Report Abuse

wow suddenly sharp downturn in evening

Posted by Ron90 > 2019-08-09 00:40 | Report Abuse

what's next for this company? that land still got high value, ..if price drop below 10c, can top up some more la. No more debt to worries.... high possibility this company will JV to develop that land

Posted by calvintaneng > 2019-08-09 16:43 | Report Abuse

Very small stale bull selling

Results should be getting better

Posted by chinaman > 2019-08-12 10:20 | Report Abuse

10 years waiting in vain for MP Corp’s Asia-Pacific Trade Expo Centre (APTEC) and LakeHill Resort City developments.... Will it materialise this time under new gomen, Pakatun who may support this grandiose free zone idea (APTEC)?

Posted by KLCI King > 2019-08-13 11:43 | Report Abuse

Calvin, Market cap only 30mil, go privatise this company lah, then can earn hundreds of millions in just as easy as selling nasi lemak in Pasar Malam

Posted by calvintaneng > 2019-08-13 11:44 |

Post removed.Why?

Posted by calvintaneng > 2019-08-15 21:28 | Report Abuse

EXCELLENT NEWS FOR MP CORP

New launches in 2Q2019

There were only two new launches in 2Q2019. “The first launch is a landed scheme known as Mahligai at Taman Nusa Damai and the other is a serviced apartment known as The Spacy Residency at Taman Century,” says Tan.

“For Mahligai, which comprises 163 double-storey terraced houses, about 50% of the non-bumiputera units have been sold. Prices start at RM560,000 for a land area of 1,400 sq ft and built-up area of 1,729 sq ft,” he says.

“There are 995 serviced apartments in The Spacy Residency. The units range from 645 to 907 sq ft with a gross selling price of RM950 psf. We were informed that about 20% have been booked,” says Tan.


MP CORP NUSA DAMAI LAND SOLD TO MAGLIGAI ARE NOW CONVERTED TO 2 STOREY HOUSES AND SELLING LIKE HOT CAKES ABOVE RM550K

THIS SHOWS THAT MP CORP'S BEST LANDS ARE HOT AND VALUABLE

SEE THE WHOLE STORY

https://www.theedgemarkets.com/article/johor-baru-market-remained-static-2q2019

Posted by lachai2004 > 2019-08-23 19:25 | Report Abuse

MPCorp and its subsidiaries Oriental Pearl City Properties Sdn Bhd, Lakehill Resort Development Sdn Bhd and Taman Bandar Baru Masai Sdn Bhd had on 23 August 2019 entered into a settlement agreement with Amanahraya Development Sdn Bhd (“Amanahraya”) which involves the effective disposal of land measuring a total of approximately 131.95 acres in the Mukim of Plentong, District of Johor Bahru, State of Johore as settlement of debt owing to Amanahraya amounting to RM115,000,000

Posted by lachai2004 > 2019-08-23 19:26 | Report Abuse

calvintaneng, what's your comments?

Posted by lachai2004 > 2019-08-24 17:59 | Report Abuse

（吉隆坡23日讯）马帕斯（MPCORP,6548,主板产业组）将以地抵债，透过向公共信托有限公司（Amanah Raya Berhad）旗下Amanahraya发展私人有限公司脱售避兰东131.95英亩土地来抵销拖欠的1亿1500万令吉债务。

该公司发文告表示，随著上述债务清偿，集团负债比将从1.1倍减至0.01倍。

马帕斯在2008年与公共信托联营天宝湖畔度假城发展计划，但后者在2012年3月宣布退出，并入禀法院向公司追讨1亿1317万零308令吉款项与利息，随后双方在2014年达成1亿2000万令吉的和解，可是马帕斯在偿还500万令吉后就不再付款，而此次以地抵债活动将彻底解决双方的债务问题。

Posted by lachai2004 > 2019-08-24 20:17 | Report Abuse

So, the land valued at RM20 per square ft based on the contra deal stated above and now the debt is almost zero! Is this a potential candidate for management buy out?

Posted by lachai2004 > 2019-08-25 08:49 | Report Abuse

The cost of the land as follows:
（吉隆坡24日讯）PN17公司马帕斯集团（MPCORP，6548，主板产业股）及子公司，与Amanahraya发展私人有限公司签署合约，以地抵消1亿1500万令吉欠款，结束双方多年纠纷。

该集团昨天向交易所报备，子公司Oriental Pearl城市产业、Lakehill度假村发展和Taman Bandar Baru Masai，将柔佛新山面积131.95英亩的闲置地皮，脱售给Amanahraya。



该地皮是在2008年以2123万令吉代价买进，截至去年6月杪，净账面价值达7427万令吉。

文告解释，该合约能解决双方的纠纷，并让该集团专注业务。

子公司在2008年8月与Amanahraya签署联营合约，发展位于新山的LakeHill度假城市项目；随后同意用9900万令吉购买Amanahraya在项目中的股权，并给予后者2012年3月到期的脱售期权。

当Amanahraya在2012年行使期权时，该集团没有如期支付款项，因此前者在9月杪发出追讨信，要求该集团连本带利偿还1亿1317万308令吉欠款，接踵而来的是一连串法律纠纷。

Posted by Ron90 > 2019-08-26 10:46 | Report Abuse

wait saja la..still got land for sale or develop it. anything below 10c..collect

Posted by lachai2004 > 2019-08-26 11:04 | Report Abuse

calvintaneng
Noted with thanks. Now the picture is getting clearer!! I just dumped it aside..

Posted by lachai2004 > 2019-08-26 21:50 | Report Abuse

Historical this counter has not many followers and it's a bit quiet, as the debt problem with RHB and Amanah Raya had already settled,currently with almost zero debt, I am sure it's value will soon reflect in the share price.

Posted by Bossku77 > 2019-08-29 18:01 | Report Abuse

@lachai2004, so the new QR was established before settle the debt or what?

Posted by Ron90 > 2019-08-30 08:59 | Report Abuse

of coz la..end 30 june..anything between march and june

Posted by Ron90 > 2019-08-30 09:00 | Report Abuse

buy anything below 10c

Posted by Bossku77 > 2019-08-30 11:33 | Report Abuse

follow Ron90, everything goes well. kwwkwkkwkwkw

Posted by Ron90 > 2019-12-06 17:03 | Report Abuse

profit 40% !!..donno la what happen, hope it stays like that ..hehe

Posted by Peter2357 > 2019-12-12 16:25 | Report Abuse

Case with RHB already settled .One remaining final case with Amanah Raya is the process of submission for settlement ...so MP Corp will be out of PN17 soon

Posted by Peter2357 > 2019-12-12 16:26 | Report Abuse

today got some volume

Posted by Investhor > 2020-01-24 10:59 | Report Abuse

another pn17 company in progress to uplift

Posted by DobitaLim > 2020-01-24 11:05 | Report Abuse

PN17 cap ayam company still wanna play2, take care guys,wakahkahkah

Posted by DobitaLim > 2020-01-24 11:07 | Report Abuse

Next Lonbisc FATE waiting for uolls

Posted by Ron90 > 2020-01-25 08:43 | Report Abuse

ya lla, play2 from investment at 0.05 cents, now .already 14 cents !! haha..bought before being suspended coz believe they gonna take action to liquidate all the assets which is more than the total debt... so far the mgmt seems quite honst o revive this company.....

Posted by Ron90 > 2020-01-25 08:45 | Report Abuse

pm17 high risk counter with very vrry high return..haha

Posted by Westeros > 2020-01-27 02:11 | Report Abuse

How high the TP can go?

Posted by Linus Kt > 2020-01-28 09:27 | Report Abuse

Yaaa, today suddenly spike up...
really wondering how much highest this could go

where is calvin tan??? maybe he could answer, cause he spent a lot of time on this counter

Posted by chick > 2020-01-28 10:10 | Report Abuse

let him holiday ... still in cny

Posted by Zahir1999 > 2020-01-28 10:26 | Report Abuse

will it go up soon?

Posted by Westeros > 2020-01-28 12:03 | Report Abuse

As at now it has dropped to 0.115 hope the resistance is strong here if drops some more have to cutloss liow

Posted by DobitaLim > 2020-01-28 16:08 | Report Abuse

Buy MPCORP mmg mampos, been trapped a few time ady, DONT play2 with this CAP AYAM caunter

Posted by Westeros > 2020-01-28 18:54 | Report Abuse

Ya true man..this counter really useless

Posted by Winmore88 > 2020-08-28 16:27 | Report Abuse

hantu

Posted by SpicyMcDeluxe > 2020-09-17 09:35 | Report Abuse

kekw

Posted by Ben C Kh > 2020-09-17 17:27 | Report Abuse

Tp 0.4

Posted by jokurprg > 2020-09-18 16:49 | Report Abuse

Gg counter... Faster Run... Before get yourself slain in a trap

Posted by tokohM > 2020-10-22 17:14 | Report Abuse

out from PN17 status ??

Posted by Yi Hong > 2020-10-26 15:00 | Report Abuse

Yes, tokohM.........
And some more...................super mega project received!!!!!!!!!!!!!!!
Share it out guys!!!!!!!!!!!!!!!!!!!!!