Posted by cheah6638 > 2013-09-08 22:58 | Report Abuse

RM2.55

Posted by Ooi Cheng Kee > 2013-09-09 12:20 | Report Abuse

Now, this counter very boring. Is will heading up or down?

Posted by mhchai > 2013-09-09 18:05 | Report Abuse

keep for privatization XD

Posted by cheah6638 > 2013-09-09 21:46 | Report Abuse

Expect price to remain sideways until (a) US FOMC's meeting later this week to decide on the QE and/or (b) fresh leads on this counter.

Posted by Ooi Cheng Kee > 2013-09-10 10:34 | Report Abuse

mhchai, privatization still on?

Posted by mhchai > 2013-09-10 10:57 | Report Abuse

I dunno

Posted by Lim AS > 2013-09-10 12:29 | Report Abuse

the share price has reflected its value , not much upside will be expected.

Posted by mhchai > 2013-09-10 14:04 | Report Abuse

Share price hasnt fully reflect its value. It should worth at least RM3.++ and above

Posted by Ooi Cheng Kee > 2013-09-10 17:40 | Report Abuse

Something still going on? Let wait n see.

Posted by cheah6638 > 2013-09-10 22:29 | Report Abuse

Price has still a long way to go, latest net asset per share is RM4.79.

Posted by Lim AS > 2013-09-11 12:48 | Report Abuse

may be ...

Posted by Lim AS > 2013-09-12 19:57 | Report Abuse

vol very small n chances for an upswing may take some time yet

Posted by upsidedown119 > 2013-09-19 13:07 | Report Abuse

It's above RM3 now. Any news anyone?

Posted by HC Lee > 2013-09-19 15:55 | Report Abuse

I believe still can go up a lot....NTA-4.79...got theme park project with Sanderson...got Lumut port which is booming due to sapura kencana fabrication yard,TNB project, Vale project....got maju jaya project progressing very well.....quarterly profits keep on increasing....got plentiful land which were obtained at low cost....what more do you want??

Posted by HC Lee > 2013-09-23 11:24 | Report Abuse

http://www.kinibiz.com/print/5940 ....old story but good read.

Posted by upsidedown119 > 2013-09-23 23:10 | Report Abuse

The old story gives the back-ground. Asset rich PRKCorp's port business will therefore not benefit much by Vale's activities unless it is taken over by a party with clout over Vale. I suspect the Chinese will be interested to squeeze Vale for profit since they are Vale's only market for the pellets it produce in Perak. Therefore, I suspect the recent rumour is about the divestment of PRKCorp's port assets.

Posted by HC Lee > 2013-09-24 10:07 | Report Abuse

Lumut deep sea port is prk goldmine...no doubt about it.

Posted by Ooi Cheng Kee > 2013-10-14 14:11 | Report Abuse

Coming???????????????????????????

Posted by HC Lee > 2013-10-14 18:26 | Report Abuse

What coming??

Posted by HC Lee > 2013-10-16 10:38 | Report Abuse

Back to hibernation again ?? Got to wait for qtrly results at end of mth for next big move.

Posted by HC Lee > 2013-10-16 11:55 | Report Abuse

Ooi....looks like it's comingggggggggg.

Posted by 東风 > 2013-10-18 00:33 | Report Abuse

Yes, may back to 3.5

Posted by ckmok3675 > 2013-10-21 23:51 | Report Abuse

Heading toward 3.50...

Posted by cskek81 > 2013-10-30 07:44 | Report Abuse

Any good news coming again?

Posted by HC Lee > 2013-11-01 10:20 | Report Abuse

Results coming out this month....another increase in NTA is for certain.

Posted by cskek81 > 2013-11-13 14:01 | Report Abuse

Anyone eyes on asiabio? Any comments on asiabio?

Posted by leslieroycarter > 2013-11-14 15:54 | Report Abuse

RSI in negative territory , sellers market ? Do u think it still can go up? yes for longer term may be?

Posted by calvintaneng > 2013-11-24 14:55 |

Post removed.Why?

Posted by TomJerry > 2013-11-24 15:23 | Report Abuse

Actually Casuarina Hotel is already back ...... now in Meru Raya . Ipoh . Open ceremony on 15th Nov 2013 , also assets under Perak Corp & that's land areas is almost 2,500 acres also is under Perak Corp ....... cheers .

Posted by calvintaneng > 2013-11-24 15:59 |

Post removed.Why?

Posted by MrTigerShark > 2013-11-24 16:14 | Report Abuse

After made profit from pmcorp, you pulled the same old trick again. You will ban by admin again.

Posted by TomJerry > 2013-11-24 16:16 | Report Abuse

Sometimes how to value the company target price , the investor must know about the company background , land holdings or after or before the account alody revalue the land ! & what's the business did involve it ! Any future or still under growing or alody pass through ......... depending on the Investor need to Shorterm ! Mid term or long term above 5 years ! All is related to the Investor to do Study , Chart analysis & everyday update the whole market . Nothing is Free ...... if u the Return u want to contributed 100% on what u invested : better u also do the homeworks is 100% .

Posted by TomJerry > 2013-11-24 16:24 | Report Abuse

inbetween this 2 counters , actually is totally different ........ the background also can not to do the comparison . Why ! Coz .... PRK Corp is Government base , any investment their want to do it , very simple . Am i right ! For Mui is private company ..... so , ......

Posted by calvintaneng > 2013-11-24 23:24 | Report Abuse

MrTigerShark,

Did you buy PM Corp at 21 cents? I am really curious to know.

TomJerry, A Good Share No Matter How Good; We Can Over Pay For It. And A Bad Share No Matter How Bad Still Has Some Value.

Example. You can pay RM300 For a TOP GRADE AAA Durian worth RM80. That's Over Paying.

And You Can pay 5 cents for an ordinary but good kampung durian worth RM2.00 .That's A Bargain.

Posted by cskek81 > 2013-11-29 09:19 | Report Abuse

Any comments on prkcorp quarterly result?

Posted by summer22 > 2013-12-02 17:40 | Report Abuse

wah drop to RM2.82...is it quarterly result very bad? please comment...

Posted by calvintaneng > 2013-12-02 22:50 | Report Abuse

He who fights and run away will live to fight another day

Posted by HC Lee > 2013-12-03 12:00 | Report Abuse

Why run away when NTA keeps going up? No logic. Shd buy more !!!

Posted by calvintaneng > 2013-12-04 11:36 | Report Abuse

HC Lee,

The 1,000 Acres Lumut Land Almost Fully Developed By Now. What other NTA? Check carefully- the true value of the present NTA. It is not just any Asset as a Margin of safety. It Is the QUALITY Of The ASSETS That Count.

Posted by HC Lee > 2013-12-04 14:45 | Report Abuse

Ya..what about the lumut port...what about maju jaya developmt...what about the potential of the new theme park...who knows it may be privatised???

Posted by HC Lee > 2013-12-04 15:00 | Report Abuse

Fyi..lumut port is a hive of activity...as long as sapurakencana do well, there is not much to worry. I hope pakatan took over the state..then there will be more dynamism in the management. Just look at the debt maju perak owe to perak corp ( more than 100 million at one time ) and these mgt just makan gaji buta not doing anything until lately !

Posted by houseofordos > 2013-12-04 15:26 | Report Abuse

Calvin, although I agree with you that PMCORP is undervalued and I have made money from it as well, please check the facts below on PRKCORP before you pass judgement its overvalued.

PRKcorp is an asset rich company, applying a graham net net valuation method as a most conservative way of valuation as described by KC still presents a huge margin of safety

Graham net-net BS value Wt Liq value Per share
Cash and cash equivalent 208122 100% 208122 2.08
Property development costs 132434 100% 132434 1.32
Land held for development 14658 100% 14658 0.15
Investment Properties 5107 100% 5107 0.05
*Other investments 76231 80% 60985 0.61
Inventories 6410 50% 3205 0.03
Trade Account Receivables 129945 75% 97459 0.97
Property, plant and equipment 85483 0% 0 0
Port facilities 86320 80% 69056 0.69
Intangible assets/tax recoverable 25267 0% 0 0
Total assets 769977
Total liabilities 189876 100% 591026 1.9
Total equity 580101 0
Number of shares 100000
Net tangible asset per share 5.8 4.00

*These are available for sale financial assets (quoted shares in Malaysia). Mostly held in Integrax shares

Closing price 2.79
MOS 30.26%

Posted by calvintaneng > 2013-12-11 23:03 | Report Abuse

Houseofordos,

Thank you for the figures on Perak Corp Graham net net valuation method. I did this when Perak Corp was 60 Cents. I think it is fully valued at the present moment.

About the same time I also bought BDB (Kedah) Johor Land (Already privatised) and Pasdec at 30 cents (Pahang - Najib stronghold). I made money in 3 of the 4 States Except Pasdec. If not for Mui Berhad's Immense Prospect I might have bought Pasdec (Of course Pasdec is another ice box shares for a 10 year marathon challenge to see Its VALUE EMERGE SOMEDAY.)

If you really want to invest based on undervaluation - the better switch from Perak Corp to Pasdec (a laggard). Or better still if you KNOW TRUE VALUE Buy MUI Berhad. The MOST UNDERVALUED OF ALL. Not Only Rock Bottom Price. MUI Berhad is Valued at OCEAN BOTTOM PRICES!

By the way I also bought Integrax at 60 cents in 2009. Already sold.

Posted by houseofordos > 2013-12-12 17:01 | Report Abuse

calvin, Pasdec doesnt qualify as graham net net to me. It is bleeding cash and it has a lot of debt. Good luck on your MUI corp. I m not touching that stock for now.

Posted by calvintaneng > 2013-12-12 17:42 | Report Abuse

Houseofordos,

No wonder I lost money in Pasdec. Anyway I just remembered All 5 State Shares:

1) Perak (Perak Corp) Ha! I Made The Most Money here. Bought big chunk at 60 cts . Sold RM1.70
2) Kedah (BDB) Made a little.
3) Johore Land (Privatised) (Also Made Good Money) Bought 90 Cents. Price doubled to RM1.80
4) Trengganu (TDM) So sorry, even my remisier told me it's lousy. Made little because no want believe me at dirt cheap price. HIGH NTA. Remisier WAS WRONG. Price SHOT UP LATER.
5) Pahang (Pasdec With High NTA) Only one I lost money. Maybe got hanky panky?

Happy Investing. Yes. Invest In What YOU KNOW Comfortably.

Posted by JKing > 2013-12-17 13:58 | Report Abuse

allow me to comments. prkcorp has available land of about 500 acres in meru raya sitting at a historical cost of RM3psf, market value at RM15psf from the last year sell to kinta properties.

200 acres land in tanjung malim next to proton factory at book value of 50cent psf, market value RM5psf.
port business continue to give a cashflow of at least 30mil a year, excluding land sell and contribution from a 15% holding in Integra which was not qualify for associated accounting. A 15% sharing of Integra net earning is RM7mil before jana 3A and 3B which expected to operation in 2015 and 2017 giving a 100% increase in sell.

there are more value but not sigificant for me to share and with the above i think you can guess what is the fair value of NTA. If you can't get than, my calculation is RM10 NTA value at market value.

Hope my above info clear the doubt.

Posted by HC Lee > 2013-12-17 15:20 | Report Abuse

Jking..that's only a conservative value...put in more dynamic management, the NTA will easily shoot up. Imagine more than $100 millions in receivables and the current management just sit tight doing nothing but let maju perak earn the benefit. That's why i hope there is a change in the state govt and these current management gets sack for sleeping on the job.

Posted by calvintaneng > 2013-12-17 15:33 | Report Abuse

JKing,

Thank You. We need more people like you. If I know earlier I shouldn't have sold Perak Corp at RM1,70 (Bought 60 cents).

Any way could you go over to MUI Berhad and take a look at their assets?. I bought MUI Berhad on the same basis I bought Perak Corp at 60 cents. Highly overlooked undervalued prime assets.

Posted by JKing > 2013-12-17 15:46 | Report Abuse

Mui is different as the management are not transparent. gain at self loss at public. there are many more better counter out there.

Posted by JKing > 2013-12-17 15:49 | Report Abuse

still not late to buy at 2.80 now, management has decided that they no longer sell land or JV with developer. they are going to develop themselves but as usual it take a bit longer to bear fruit. We have the ex-maybank guy on the board and he is the one who get the PT indonesia bank deal go thru back in 2008 at the higher price. he was appointed to mjprk few month back and do expect surprise corp exercise soon.