MULPHA INTERNATIONAL BHD

KLSE (MYR): MULPHA (3905)

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Last Price

2.17

Today's Change

-0.02 (0.91%)

Day's Change

2.17 - 2.17

Trading Volume

26,600

Overview

Market Cap

675 Million

NOSH

320 Million

Avg Volume (4 weeks)

18,762

4 Weeks Range

2.10 - 2.35

4 Weeks Price Volatility (%)

28.00%

52 Weeks Range

1.52 - 2.59

52 Weeks Price Volatility (%)

60.75%

Previous Close

2.17

Open

2.17

Bid

2.17 x 800

Ask

2.18 x 1,000

Day's Range

2.17 - 2.17

Trading Volume

26,600

Financial Highlight

Latest Quarter | Ann. Date

31-Dec-2021 [#4] | 25-Feb-2022

Next QR | Est. Ann. Date

31-Mar-2022 | 31-May-2022

T4Q P/E | EY

1.54 | 64.79%

T4Q DY | Payout %

0.00% | 0.00%

T4Q NAPS | P/NAPS

10.99 | 0.20

T4Q NP Margin | ROE

57.15% | 12.79%

Market Buzz
Company Profile

Sector: CONSUMER PRODUCTS & SERVICES

Sector: CONSUMER PRODUCTS & SERVICES

Subsector: TRAVEL, LEISURE & HOSPITALITY

Subsector: TRAVEL, LEISURE & HOSPITALITY

Description:

Mulpha International Bhd is an investment holding company. The Company, through its subsidiaries, is engaged in property development and investment, infrastructure and civil construction. Its business is organized in two segments, Property, and Hospitality. Property includes property development and investments. Hospitality includes hotels and service apartments ownership and operation.

Discussions
14 people like this. Showing 50 of 3,062 comments

Bedakong116

I managed to collect some below RM2. 2 as it was a steal!!

2021-09-22 20:34

Bedakong116

If I am the company I will buy up to my limit 10% as it is so undervalued!

2021-09-23 16:25

thesteward

Wow second wave coming hope next week strong rebound . Pattern looks like next week Gogogo

2021-09-24 15:15

Bedakong116

RM450m received fr disposal vs market cap of RM700m... NTA now almost RM11 vs share price of RM2.3.

2021-10-02 15:53

Bedakong116

Even the proceeds are not used to give as dividends the stated reduction of borrowings of almost RM300m will reduce interest cost of almost RM20m and increase EPS by 6ct per share.

2021-10-03 11:44

thesteward

Yes indeed

2021-10-03 19:47

chinaman

GEORGE TOWN (Oct 9): The federal government will give special attention to the tourism sector under Budget 2022 to help the sector’s recovery from the Covid-19 pandemic’s impact.

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the pandemic had extracted a heavy toll on the industry, noting that the sector is the slowest to recover from its adverse impact.

Given that the tourism industry is one of the major contributors to the nation’s gross domestic product (GDP), Budget 2022 will focus on tourism sector players to help in their recovery, he told reporters after an engagement session with the Penang tourism sector players here on Saturday.

Tengku Zafrul said one of the main challenges raised by the tourism industry players was the lack of working capital or cash flow as they had not been allowed to operate for so long.

2021-10-10 13:08

Bedakong116

No impact to Mulpha as assets mainly in Australia. Spore property market overheating now so some spillover to JB esp landed properties like Leisure Farm. Their cost of land is only RM15psf vs selling prices of RM50-70 psf!! Land bought 30 yrs ago. Their major property projects in Sydney is also bought in the 90s so very cheap.

2021-10-11 09:40

pingdan

sydney reopening mean good for their hotel

https://www.reuters.com/world/asia-pacific/long-100-days-sydney-reopen...

2021-10-13 10:30

pingdan

Australian housing market has soared 17.6 per cent over the first nine months of 2021

https://www.news.com.au/finance/economy/sydney-house-prices-over-14-ti...

2021-10-13 11:18

tsongi346

Or will it be privatized at all?

2021-10-13 19:50

Invest_888

Totally obvious accumulation that I have ever seen in FBMKLCI. If no privatisation, why some one so keen to buy this MULPHA slowly and consistently?

Latest quarterly financial result, EPS=9.72 cent, NAV(net asset value)= RM9.76.
It is really under valued.

If want to deposit money in the bank, better to buy this stock, yearly return should be more than 15%.

This share price will hit RM2.65 but take time.

2021-10-13 22:39

Bedakong116

3qtr result will reflect extra gain of RM1. 34 per share fr sale of Education Perfect for NTA will be around RM11 per share.

2021-10-14 10:00

thesteward

If break 2.45 again this wave could goto rm2.85 . Simply too undervalued

2021-10-14 11:42

pingdan

Agreed with u all.. simply too undervalue.. in term of PE and nta

2021-10-14 12:26

Bedakong116

So far company has done only 25% of their 10% share buy back. This will support better NTA and EPS.

2021-10-14 16:58

Bedakong116

Westpac report just out says property prices in Australia will rise 22%. Bodes well for Mulpha's AuD1bn project in Norwest, Sydney.

2021-10-15 14:11

thesteward

Yes Mulpha should benefit

2021-10-15 14:23

chinaman

Hospitality, or AU hotels are among first to recover strongly along with aviation. Brahims is MAS catering, best proxy to MAS....So, RSS Ah pu nei nei - kasi malu block my comment at brahims...wa comment here can???

2021-10-18 11:13

thesteward

Mulpha this wave I guess could at least break rm3 . Nta nearly rm10. Haiz so undervalue

2021-10-18 17:06

Bedakong116

The last time Mulpha reached RM3 was in 2017. 1H 2021 it registered EPS of 18cts and if u annualise it is 30-35 cts if u take into consideration that was a slowdown in 3Q due to lockdown in Australia. Not it was reopened so will catch up in 4Q. So PE wise should be only 10x even at RM3. This doesn't incl the blockbuster EPS of RM1. 34 fr sale of Education Perfect and the interest savings of RM20m when proceeds are used to retire expensive borrowings. Blue skies ahead!!!

2021-10-19 17:23

Invest_888

Hit RM2.47 faster than expected even with much lower transaction volume of 323k in comparison with transaction volume of 1.867million on 6Sep2021. It means that much lesser people wants to sell this stock and the players will in charge this MULPHA price to higher and higher.

2021-10-19 18:32

thesteward

Nta near to rm10 n lots of share buy back n Australia property sector recovering. Anything below rm5 looks attractive

2021-10-19 19:39

Bedakong116

Mulpha quite similar to TA Global that 85% of assets outside Msia but as listed in Bursa it is easily misunderstood by investors as their risks not related to Msia. TA Global was eventually privatised at 70% discount to RNAV. If the same happens to Mulpha the price can easily reach RM3.50 to 4.

2021-10-20 21:04

thesteward

Agree w you

2021-10-20 22:11

SuperDuper

Mulpha ramps up development as Hayman Island, Sanctuary Cove rebound
Martin Kelly
Martin Kelly
Property Reporter
May 12, 2021 – 4.19pm

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Property and hospitality company Mulpha Australia has unveiled a $360 million Australian development pipeline as its Queensland resorts Hayman Island and Sanctuary Cove rebound after a tough 2020, when both were hit hard by border closures.

Chief executive Greg Shaw said occupancy rates at Hayman Island, which underwent a $135 million redevelopment in 2019, now average 80 per cent and are better than they were before COVID-19.


International travel bans have benefited Hayman Island in far north Queensland, which is seeing consistently high demand from domestic travellers.

“We’re getting more consistent demand coming through than before,” he said.

“We’re not seeing the seasonality that we had previously seen and that’s clearly because a lot of those people from southern states are choosing Hayman as a luxury destination now they can’t go overseas.

“It’s really positive after a lot of ups and downs the prior year.

“We would have had just phenomenal trading over Christmas but the borders into Queensland closed.”

As for international border closures, which federal budget papers revealed could last well into the second half of 2022, Mr Shaw supports the government’s approach.

“I think you just have to take a very balanced view,” he said. “I think we’ve seen the countries that have got it wrong and it just extends the recovery.

“We think the government is doing a good job and that they are balancing risk well.

“From our point of view a lot of stimulus is going into the economy. It’s clearly helping Australian businesses recover strongly and we’re taking advantage of that.”

Mr Shaw said the increased demand at Hayman had spurred the construction of 12 beachfront pavilions to supplement existing accommodation.

In addition, Mulpha has begun developing 21 residential lots it owns on the island and is marketing a small upmarket development of homes, with prices starting at $4.7 million.

Sanctuary Cove has also rebounded, Mr Shaw said, but not to the same extent. Occupancies are averaging between 60 per cent and 70 per cent because of its greater dependence on groups and events.

However, property sales at Sanctuary Cove are well up with more than $40 million in land sales so far this year,

Other new Sanctuary Cove developments include 47 waterfront apartments, called Harbour One, near the marina. Work on these is due to start in June, while a further 23 homes are being built in a precinct called Spyglass Hill.

In Sydney, rather than fight the inevitable, Mulpha is redeveloping the 500-plus room InterContinental Sydney at Circular Quay, at a cost of $100 million.

“We saw COVID as a real opportunity to drive change and improvement in the business,” Mr Shaw said.

Took opportunity to redevelop
“We had been contemplating a redevelopment of InterContinental Sydney for some time, working up the design, and when COVID hit, we thought it was a fantastic opportunity to move very quickly and commit.

“It’s been an incredibly successful hotel over the years and we’ve traded on very high occupancies over an extended period of time and we thought if there’s ever a time we can get in there and fully redevelop the site, this is it.”

Work is well under way and will be finished by next March.

In other developments, Mulpha continues to build out Norwest – a former quarry covering 300 hectares in Sydney’s Hills district it bought in 1993.

Construction has started on The Bond, a seven-storey, cross-laminated timber building that will cost $40 million to develop and house a range of medical businesses when complete.

Nearby, Mulpha is planning The Greens, a residential and retail community encompassing nine high-rise towers across the 22,000sq m site.

It has lodged a development application and Mr Shaw said work was expected to start on the first two towers by the end of the year.

Norwest will also house a new golf and lifestyle concept Mulpha has developed called Swing City, featuring 40 golf driving range bays, mini-golf, food and function facilities.

He said work will begin in July on a 60-room hotel at Mulpha’s Hunter Valley winery, Bimbadgen Wine Estate, to capture strong domestic demand from the Sydney market.

Mr Shaw said Mulpha will continue to diversify, increasingly into businesses it can operate such as Swing City.

2021-10-21 16:31

SuperDuper

Old news but as u know.. its a cheaper way to invest in Oz rather than actually buying properties there!

2021-10-21 16:32

goldenluck16

Closed highest today.

2021-10-21 16:47

goldenluck16

Touched multiple year high today.

2021-10-22 09:12

Bedakong116

Mulpha still owns alot of cheap land at Norwest bought many years ago. Hence their profit margins will be good and not dependent on foreign buyers..

2021-10-22 10:10

goldenluck16

Next target price is 2.88.

2021-10-22 10:50

Bedakong116

I have been investing in another counter E&O which has also gone up by 15% but comparatively Mulpha more superior despite E&O market cap is 1bn vs 800m for Mulpha. Mulpha land in JB close to Spore is bigger than reclaim land of E&O and no major overseas assets. Yet E&O trades at more to 0.5x book value vs Mulpha of 0.25 book.

2021-10-23 15:05

chinaman

AU assets holds greater upside value than lousy local property. me holding few years already looking at AU long term AU unlimited potential. MY local property I C B C

2021-10-23 15:13

Bedakong116

Fortunately Mulpha not affected by hike in tax as Education Perfect is capital gain in 21 and mostly their earnings in Australia which is not remitted to Msia.

2021-11-01 10:56

Bedakong116

Very irrational for Mulpha shares to drop as they don't earn any significant profit in Msia!!

2021-11-01 16:33

Limitupppp

Nxt rocket stocks

2021-11-23 03:17

Bedakong116

Watch out for 3Q results!

2021-11-23 06:18

tsongi346

Should be good with the sale profit from the online education.

2021-11-23 10:54

Limitupppp

Loook at the chart it’s vcp pattern

2021-11-24 07:08

Mr.Sm Invest123

Post removed.Why?

2021-12-09 22:17

Bedakong116

Moving up now....!! 258

2021-12-10 11:03

ipohwhitecoffee

Interesting Rich asset play..

2021-12-10 12:31

wallstreetrookie

@ipohwhitecoffee recommendation. Slap the ask and buy

2021-12-13 11:44

mf

Omicron now the dominant U.S. Covid strain at 73% of cases, CDC data shows

2021-12-21 10:00

mf

Singapore

Suspected COVID-19 Omicron cluster at Anytime Fitness outlet in Bukit Timah Shopping Centre
10 hours ago

2021-12-21 10:49

joryus4855

i shall sell when it go to 2.53, haizz... too greedy

2022-01-04 15:27

Fundamental Trader

BBB

2022-01-14 09:16

Bedakong116

Australia border reopening very good for Mulpha for the hotels and property business!

2022-02-08 12:47

joryus4855

gg stock

2 months ago

tbganmobile

Asset rich but no distribution of benefits to shareholders, that's why share price is not moving!

1 month ago

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