MUIIND (3891) - MUI BHD - THE HIBERNATING GIANT WILL WAKE UP SOON (Calvin Tan Research tells you why?)
Dear friends of i3 investors' forum,
When JAKS was 40 cts on December 16th 2014 Calvin called for a buy
See
Posted by calvintaneng > Dec 16, 2014 03:00 PM | Report Abuse X
Whoa!
Top boss bought at 44 cents and above, millions of them. Anything below 40 cents is a bargain!
So don't wait or else Jaks jump Jump JUMP Up And Away!
Jaks has gone up more than 300% today (Rm1.65) & Market is now going GaGa! Calvin asks all to sell Jaks and take profit!
Now the divorce case of Tan Sri Dr. KKP & Pauline finally got closure. The award to Pauline is a mere Rm355 millions! Tan Sri must feel relieved for the award of this token sum - compared to his vast billions stored away in 12 Hotels (10 UK Hotels & 2 Malaysia Corus Hotels, over 400 hundred Laura Ashley stores, Metrojaya, its shares in Mui Prop, Pm Corp, Pm Holding & other assets of his vast empire.
The UK Judge has awarded Cash & Real Estate settlements for Pauline.
So how now?
Will Tan Sri KKP start disposing Mui Group Assets to unlock value of ancient times? Corus Hotel Hyde Park London is 113 year old with a Billion Ringgit or more in value if sold. And there are 9 other Corus Hotel in the UK
UK is too faraway? Then take a look at CORUS HOTEL Near Petronas Twin Tower which we are all too familiar
These are the facts:
Posted by calvintaneng > Apr 9, 2017 08:10 PM | Report Abuse X
13th STOREY CORUS JALAN AMPANG KL
Federal Territory of Kuala Lumpur
1 lot of freehold land with a 13-storey hotel, known
as Corus hotel Kuala Lumpur, Jalan Ampang,
Kuala Lumpur (Date of last valuation: December 1982)
7,289 sq meter lands Book Value (Not revalued since year 1982) Rm 56.7 millions
Calvin thinks this CORUS HOTEL Opposite Petronas Twin Tower KL if sold is worth more than Rm500 millions. More than enough to pay off Pauline settlement of only Rm355 millions
Let's see
To convert 7,289 sg meter to sq ft x 10.763 = 78,451.5 sq ft
So this Hotel is sitting on 78,451 sq ft of Prime Freehold lands
How much is the land prices in Jalan Ampang?
See
French embassy land in KL for sale
PETALING JAYA: Property developer Malaysian Resources Corp Bhd (MRCB) has confirmed that it has submitted a bid to acquire the French embassy land in Kuala Lumpur.
This confirms a StarBiz report yesterday on the probable RM1.1bil deal quoting sources.
MRCB in its filing with Bursa Malaysia yesterday said the company had on Feb 12 submitted the tender for the French embassy land and is still waiting for the outcome of the tender.
“We will make the appropriate announcement to Bursa Malaysia in accordance with the listing requirements, as and when required,” it said.
According to the report, MRCB was speculated to be in the lead to purchase the French embassy land which is one of the few remaining sizeable parcels of land in the city centre.
According to the sources, MRCB had the best offer on the table for the 7.9 acres that the embassy is disposing through a competitive tender.
If MRCB wins the bid as expected, it would be buying a second piece of land in the city, a week after announcing its purchase of the German embassy’s 1.87 acres in Jalan Kia Peng last week.
The French embassy land, comprising two parcels, with a combined acreage of 7.98 acres along Jalan Ampang is said to be sold at about RM3,188 per sq ft.
The French Embassy land in Jalan Ampang was sold to MRCB at Rm3,188 psf
If we take this land as a benchmark then
78,451 x Rm3,188 = Rm250.1 millions
The land price alone is worth a cool Rm250.1 millions. And add another Rm250 millions for
1) The 13 storey Corus Hotel
2) Its Fixtures & fittings
3) Its established clientele
4) Goodwill
5) Other salient features
The Net Worth of CORUS HOTEL KL Alone is worth Rm500 millions
Now let's look at the incredible book value of CORUS HOTEL Ampang
It is stated at only Rm56.7 millions
How many times if revalued
Rm500,000,000 divides by Rm56,700,000 =8.81
So CORUS HOTEL AMPANG Is worth 881% More if Revalued.
This undervaluation of Mui Group Assets are found throughout all its assets in Pm Corp, Pm Cap, Pm Holding, Mui Properties & Mui Bhd
By this benchmark Mui Bhd's NTA should increase by 881%
Since Mui Bhd has a current NYA of only 25.6 sen
Revalued should be 25.6 x8.81 = Rm2.25
At 17.5 cts with NTA of Rm2.25 Mui Bhd is selling at 93% Discount to NTA
Thus making Mui Bhd one of the most undervalue stock in KLSE
Happy Investing
Best regards,
Calvin Tan
Singapore
And this was my Post in much earlier years:
MUI BERHAD – THE HIBERNATING GIANT
by Calvin Tan | Posted on August 21, 2013 | Leave a comment
“Many Shall Be Restored That Are Now Fallen; Many Shall Fall That Are Now In Honor.” – —- Horace.
MALAYAN UNITED INDUSTRIES BERHAD was founded in 1960. It has widely diversified investments in Hotel, Travel & Tourism, Insurance, Departmental Store like Metrojaya, Stock Trading Firm, & Food Manufacturing.
Above all MUI Berhad own Highly Valuable Assets in hotels, factories, offices, condominium, lands & houses All Over Malaysia & UK & USA!
In its heyday, MUI Bhd was once traded as high as RM24. The ‘Darling’ of Stock Traders & Analyst in KLSE at one time. It has gone out of favor and fallen on hard times. It once owned MUI BANK, which was sold & renamed Hong Leong Bank today.
The Share of MUI Bhd, together with its Sister Companies Or Subsidiaries : MUI Properties, PMI, PM Capital, PM Holding & PM Corp, have all Fallen More Than 90% of its Value!
Rumor Mongers have said, “Tan Sri Datuk Khoo Kay Peng sold MUI Bank. Took the money and invested in UK Hotels”‘ MUI Group bet on the Wrong Horse – Tengku Razaleigh!” You cannot touch MUI Group of Companies – they are really lousy. One By One They Go into PN 17.” PN 17 also stands for Prison No. 17.
That could mean execution – the doorway to delisting! And with the unfortunate news of divorce proceedings in UK, share prices have continued to fall lower and even lower! With so much bad publicity and negative sentiment-how to buy? You should only sell.
Only Sell? Definitely not! We have turned bullish on MUI Group. Why? These Are The Reasons To Accumulate MUI Berhad:-
No. 1) HIDDEN VERY EXTREMELY HIGH VALUE ASSETS.
MUI Bhd owned highly strategic properties in Prime, Prime Locations. Highly profitable Businesses like Metrojaya. High Value Attire Manufacturer like Laura Ashley in UK. And they are All Grossly Undervalued.
Take CORUS Hotel, Jalan Ampang KL, for a case study. In the 2012 Annual Report of MUI Bhd: CORUS Hotel was Valued at RM62 Millions. It Is A 13 Story Hotel sitting on Freehold land of 7,289 sq meter.
One sq meter equals 10.764 sq ft. So 7,289 sq meter is 7,289 x 10.764 = 78,458 sq ft. A piece of land was just transacted for RM3,300 psf last week. The highest price done in KL Because it is located very near to Petronas Twin Towers.
Now we know the value. CORUS Hotel is just across the road from Petronas Twin Towers. It should also be valued at RM3,300 psf. So CORUS Hotel land is 78,458 x 3,300 = RM258.9 Millions! Wow! The Underlying Land is valued at Almost RM260 Millions! What about the Value of the 13 Story CORUS Hotel?
Any Property Valuer Out There In KL? And What About The Existing Business Of The Hotel? We have been to PM Corp AGM for 3 years. Years 2010, 2011 & 2012 were all held in CORUS Hotel. And everytime we were there, business is so good – 70% to 80% occupancy.
Our Intrinsic Value for CORUS Hotel is RM450 to RM500 Millions! Computed from Land Value, Hotel Building & Existing Business. Book Value RM62 Millions Only. Why? Look carefully at the Annual Report (IT WAS LAST VALUED IN 1982 – 31 One Years Ago!!)
At Half Billion Ring-git, Value Has Gone Up 8 Times In 31 Years. This is Only One Of MUI Berhad Many, Many, MANY, MANY UNDERVALUED ASSETS!! You see, I am Shouting Out Its Value For All To See.
No. 2) UNFURLING SAIL TO CATCH TOURISM WIND IN 2014.
VISIT MALAYSIA YEAR. Yes! In Four Months’ Time Is VISIT MALAYSIA YEAR Again.
MUI Berhad has Hotels For Tourists to stay in, Travel & Touring Agencies To Bring Them Around. Metrojaya Departmental Stores for them to shop.
Insurance To Protect them (their loved ones) when traveling around. And Food Like Tudor Gold, Tango & Crispy Chocolate to buy. MUI Berhad will benefit from Increasing Tourist Arrivals.
No. 3) UNLOCKING OF VALUE THROUGH ASSET DISPOSAL
This is a new trend in MUI Group. PM Corp (4081) has sold off all Bank Of East Asia Shares, Johan Shares & The Woodland Factory (S’pore) for RM38.5 Millions.
While MUI Berhad has Sold Off George Kent Shares. PM Corp is Proposing Capital Reduction & CASH DISTRIBUTION
The Impending Announcement Of CASH DISTRIBUTION From PM CORP will draw attention to ALL MUI GROUP COMPANIES! AND THE UNLOCKING OF VERY, VERY VERY HIGH VALUE ASSETS BY PUBLIC OPEN MARKET SALE WILL CAUSE INVESTORS TO SIT UP & PAY ATTENTION.
MUI BERHAD – THE HIBERNATING GIANT WILL WAKE UP AT LAST!
INVESTMENT MAXIMS:
“TO BE GREEDY WHEN OTHERS ARE FEARFUL, AND TO BE FEARFUL WHEN OTHERS ARE GREEDY.”
“BUY AT THE FUNERAL – SELL DURING THE WEDDING.”
“BUY AT THE SOUND OF CANNON – SELL AT THE SOUND OF THE TRUMPET.”
“SELL WHEN KLSE WAS AT ITS EUPHORIC INDEX 1332 – BUY DURING EXTREME DESPAIR & PESSIMISM DURING ASIAN FINANCIAL CRISIS WHEN KLSE WAS At INDEX 262.”
“BUY SINGAPORE AIRLINE SHARES (SIA) AFTER 911 WHEN TWIN TOWERS CRASHED AND ALL TELEVISIONS SHOWED 2 PLANES CRASHED INTO TWIN TOWERS A MILLION TIMES.”
BUY WHEN THERE IS PANIC & FEAR & WHEN BLOOD IS ON THE STREETS.
HOW TO BUY? HOW TO GO AGAINST HUMAN EMOTIONS?
MUIIND (3891) - MUI BHD - THE HIBERNATING GIANT WILL WAKE UP SOON (Calvin Tan Research tells you why?)
http://klse.i3investor.com/blogs/www.eaglevisioninvest.com/120215.jsp
