MULTICO still not in Trend so don't buy 1st.... wait for the trend.... buy as many MMODE as possible... MMODE is in the trend... I already pocketed so much.... it is up to your... ha ha ha
Prospects Commentary The Group is facing a slowdown in demand from its OEM customers amid operating in an increasing costs environment compounded by the weakening Ringgit Malaysia and the implementation of Goods and Services Tax (GST).
BUY ON WEAKNESS!! TRUST CALVINTAN... Power Money Corp--- PMCORP!
The paid-up capital of this company is very small. At current stage the company's balance of accounts looks healthy to me. The company's executive directors should be more prudent with their remunerations to reflect the operating conditions. As an example, why is there a need for a bonus for fye 2015 when the company is in red? You would understand if you have invested in Homeriz in the past few years. At current stage I can only collect and hope for the best or join other minority shareholders in the future to form a collective voice.
Multicode secured a new Rm240 Millions Order from Proton. M
This is only a tip of the iceberg.
When TPP Opens MULTICODE Will Turn Into A World Champion Exporter of Electronic & Automotive Parts to Japan, USA, Canada, Vietnam, Mexico & Australia & many others.
Last time Super Enterprize also no volume. It was slowly steadily taken private.
Top Bosses have been buying Multicode between Rm1.50 to Rm1.60 and didn't sell any. So there is deep value. I heard rumour that it might be taken private.
Only 12 countries are involved. Among them are Vietnam, Malaysia, Singapore, Brunei, Japan, Mexico, Canada & USA.
Many things will be without tariff or taxes like textiles, automotive parts, electronic goods, rubber & palm oil. etc, etc.
When this is opened certain industries will benefit like textile from Vietnam, electronic & automotive parts from Malaysia, while medicines & vitamins in Malaysia will be hit hard.
It is cheaper for US Exporters to export their vitamins to Malaysia.
Many Companies will shift from China, Taiwan, Korea, Singapore to both Vietnam & Malaysia to export their products to USA & Canada.
The Ones With The Best Products With the Most Competitive Pricing Will Be The Winner!
Since Malaysian Goods are better than China with TPP Malaysia will capture lots of sales from other countries
US has Many Factories in Malaysia. For a long time Malaysia is neglected & overshadowed by China. So those American Factories in Malaysia cannot export their goods to US like those in China.
Now China has grown too big and too powerful for USA. See how China took all the islands in the South China Sea. China lay claim to all these Islands as China owned.
To contain China Obama has come to Malaysia & voiced his support to include Malaysia into the TPP. Once TPP is on expect more US factories to shift operations from China to Malaysia.
With this in view. MMC's PTP plans to Expand Its Container Port. MMC also taking private NCB.
All these point to a new beginning for Malaysia.
MALAYSIA BOLEH!
KOONBEE9 BOLEH!
Calvin doesn't spend 12 hours daily on the internet. Most of my time is in Booming Iskandar
Xiao Tian, from what I understand, this Newco will be like a holding company with other companies under this company. I understand that there are positive legal and financial implications to this new arrangement. Also, it is good to have a new name for a replacement on the Bursa as a new start .
Anybody know about the latest development of project Vantage Medical Centre which Multico invested 28m to purchase the land from SPsetia in PJ jn 2013?
Multico can be a good candidate for someone who wants to take over a listed company or for the majority shareholder to privatize the company. Among the reasons, 1)at 83 sen (yesterday) ,the market capitalization is very small of less than RM 37 million, 2)the assets and liabilities are well defined, not in vague or questionable forms (I am assuming that there are no integrity issues), 3)the borrowings are minimum (around RM 7 million), 4)the net asset is around RM 2.09 per share, 5)if one revalue the six properties in Kawasan Perindustrian Pandan, a nice surplus can be generated compared to their net book values in 31.7.2015. Likewise the market values of the three properties in Mukim of Tebrau,Taman Desa Jaya and Telok Gong are likely to be much higher than their net book values in 31.7.2015. The current financial state of the company is good but the market capitalization is very small.
I find the performance of the company's share price really disappointing. At the market price of around 73 sen,the market capitalization is around RM32 million. The price of the piece of land in Shah Alam which the company bought with cash was by itself close to the market capitalization. Personally I find her current financial state to be healthy based on the company's accounts. The company has to fix her revenue and/or cost the soonest.With such low market price and capitalization,any positive development will have a sharp positive impact on the share price. By the way is there anyone interested in forming a private group of common interest in the company?
I find the performance of the company's share price really disappointing. At the market price of around 73 sen,the market capitalization is around RM32 million. The price of the piece of land in Shah Alam which the company bought with cash was by itself close to the market capitalization. Personally I find her current financial state to be healthy based on the company's accounts. The company has to fix her revenue and/or cost the soonest.With such low market price and capitalization,any positive development will have a sharp positive impact on the share price. By the way is there anyone interested in forming a private group of common interest in the company?
See Calvintaneng is interested
So is our Dr Friend below!
Posted by nokenzo > Apr 12, 2016 04:55 AM | Report Abuse
Anybody know about the latest development of project Vantage Medical Centre which Multico invested 28m to purchase the land from SPsetia in PJ jn 2013?
TheContrarian, there are obvious reasons (company,industry and country specific) that one can analyze using available data and there maybe non obvious reasons (manipulation and other issues). I am more concerned about the company maintaining her financial health which is good currently . If so, there is a limit to the downside with the current thinning volume.
Backed By Very High NTA - Highly valuable factories still on old book value. Company Insiders bought more than double the current price. In good times Multico pays Good Dividends Since Millions project from Proton already in the bag - Expect another Good Dividend soon.
All lucky people will get a windfall surprise just like those who follow Calvin buying RceCap when it was cheap!
The last quarter results was quite decent based on the current environment. There was increased revenues, increased cash holdings, reduced loss and reduced outstanding debt compared to the 3rd quarter results. The company is grossly undervalued based on the market price in comparison to the nta. The current nta is RM2.05 on the surface. If one check on the annual reports of 2007 and 2015 (please refer to the company's website for details) one can make the following observations. The eight pieces of properties in JB has a total book/revalued value in 2007 of RM13,130,000. In 2015 the same eight pieces of properties has a total book value of RM12,237,195 .The lower value is accounted for by depreciations. I am sure the total market value in 2015 is much higher. If one assume that the market value is double that of the book value in 2015, one can generate a surplus of RM0.2756, that is RM12,237,195 divided by 44,404,700 the number of shares. This will mean that the nta could be RM2.05+RM0.2756 =RM2.3256. This is just my observation.
Only one leasehold property in Klang is a depreciative property, the rest are free hold properties. They will only appreciate in value. Good work, KingV, to trace back the value of their properties.
The question should well be directed to the executive directors since they should know better. The group financial balance looks good. From what I gather from the net, the bookings for the new proton persona and proton saga are very good. The price does not reflect the fundamentals. The group should try to maintain a minimum dividend payment and adjust upwards if performance improves (this is a common practice in the States). This payment will be an encouragement to minority shareholders. As an example, a payment of 1% would only cost the group RM 444,047 of which a large portion would go to the major shareholder. The group should keep things like remunerations/dividends in perspective to be fair.
With the imported intermediary products made up 70% of their cost of inventory made up in the depreciating ringgit environment, it is tough to make profit due to the margin issue.
Yes, 1% of dividend payment only cost RM444,000, and large portion goes to the major shareholder. The major shareholder only own less than 40%, which work up to be less than RM170,000. For what? May as well retained in the Company.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
TianTianHuat
609 posts
Posted by TianTianHuat > 2015-11-13 09:21 | Report Abuse
Any one from MULTICO already bought MMODE?, i think no one lor - included that Calvin Tan from Singapore.... ha ha ha