Hi Guys,
I just discovered these 3 Stocks I would like to highlight
1) MUI BERHAD (High NTA)
Mui Bhd was once the "Mui Chai' or Darling stock of the GoGo Years. It was chased up to a high of Rm24.00 in its heyday. And now it has fallen to Rock Bottom Price of only 16 cts - A CRASH OF 99.4%!! Making this the Crash of the Century.
This Mui Bhd has crashed worst than the Asian Financial Crisis of 1997/8 when KLSE dropped from 1,332 points to 261 points ( A crash of 80.5%!) This Mui Bhd is even worst than the Dow Jones Crash of 1929 to 1932 when Dow crashed by 89%!
Now why is Calvin Tan Research interested in this Bombed Out Mui Bhd Stock?
The answer is this:
MUI BHD is sitting on Very Valuable Assets that might finally SEE its Deep Value Unlocked soon.
The reason is due to the settlement of Divorce proceedings by KKP & Pauline.
Let's revisit Calvin's post
MUI BERHAD – THE HIBERNATING GIANT
“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?
INTERESTING NOTE:
THE BRITISH HIGH COMMISSION LAND at 185, JALAN AMPANG Was Sold By Public Tender to SP SETIA FOR A PRICE OF RM2,200 per sq ft. SP SETIA is One Of The Top Developers In Malaysia. the Land is Located In EMBASSY ROW – Very Prime Land near Petronas Twin Towers.
THE BRITISH HIGH COMMISSION LAND at 185, JALAN AMPANG Was Sold By Public Tender to SP SETIA FOR A PRICE OF RM2,200 per sq ft. SP SETIA is One Of The Top Developers In Malaysia. the Land is Located In EMBASSY ROW – Very Prime Land near Petronas Twin Towers.
2 Doors Away Are 2 pieces of Real Estates Owned by MUI Berhad, namely
nos. 189 & 191 JALAN AMPANG. Let’s take a Closer Look (From MUI
BERHAD Annual Report}
189 , JALAN AMPANG – Land size 38,104 sq ft (freehold) Purchased in
August 1991 for RM8,399,000. Price psf 8,399,000 divide by 38104 =
RM220.42 psf.
SP SETIA bought in 2013 for RM2,200 psf — 185 JALAN AMPANG (22
years later) Prices have gone up 1,000% in 22 years!! A 50% increase
every year!
Now look at another piece:-
191 JALAN AMPANG – 32,830 sq ft bought in July 2007. Purchase Price
RM25,060,000. Smaller land size and at a higher price (due to inflation)
Cost per sq ft? Rm25,060,000 divided by 32830 = RM763.32. After 16
years price up 3 fold. But from 2007 to 2013; in 6 short years prices
have gone up to RM2,200 (SP Setia sets a new bench mark)
So from here we learn that it is still not too late to buy land and
property even after prices have moved upward. But why wait? Better to
buy early when prices are still cheap.
MUI BHD Also Own 10 CORUS HOTELS IN THE UK
The Hyde Park CORUS HOTEL ALONE Is WORTH MORE THAN RM1 BILLIONS
So if all the Assets are Sold MUI BHD Should have a revised and updated
Value of at least Rm1.50 per share. So at 16 cts closing price MUI BHD
is a potential 10 baggar stock
And Smack in the Middle Between CHORUS HOTEL AMPANG & MUI GROUP HQ 2 PROPERTIES IS AMPANG PARKING SHOPPING COMPLEX!
AMPANG PARKING SHOPPING COMPLEX LAND WILL BE DEMOLISHED TO MAKE WAY FOR AN MRT STATION!
This will further RAISE UP THE VALUE OF CHORUS HOTEL AMPANG & MUI BHD 2 PRIME ASSETS WITHIN WALKING DISTANCE.
Further Notes:
Think of these Hidden Gems BEFORE They Were Finally Revealed
1) PAVILION SHOPPING MALL IN BKT BINTANG was once the BBGS (Bkt Bintang Girls School)
2) BANDAR MALAYSIA was once a military airport in Sg Besi (Now worth many BILLIONS)
3) PUDU JAIL will be another Plot of Gold Mine in Heart of KL
So don't be surprised when MUI BHD'S PRECIOUS ASSETS OF IMMENSE VALUE ARE FINALLY REVEALED
So Get Some Mui Bhd Shares & Lock Them Up. One Day They will Turn to GOLD!
2) CBIP (The Palm Oil Stock with the Highest Growth)
Most Palm OIl stocks selling FFB (Fresh Fruit Bunches) and CPO give a 10% growth but CBIP's Gross Profit is a Staggering 30%!
See latest Quarter Result
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Dec 2016
|
31 Dec 2015
|
31 Dec 2016
|
31 Dec 2015
|
||
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$$'000
|
$$'000
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$$'000
|
$$'000
|
||
| 1 | Revenue |
178,472
|
183,996
|
570,145
|
541,274
|
| 2 | Profit/(loss) before tax |
62,090
|
69,472
|
145,177
|
143,089
|
| 3 | Profit/(loss) for the period |
56,502
|
56,974
|
120,787
|
123,237
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
42,292
|
43,327
|
98,085
|
97,985
|
| 5 | Basic earnings/(loss) per share (Subunit) |
8.07
|
8.24
|
18.71
|
18.64
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| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
4.00
|
6.00
|
10.00
|
|
AS AT END OF CURRENT QUARTER
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AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.3800
|
1.2700
|
||
So 62.09 mil divides by 178.47 mil = 34.7% gross profit
SO THIS EVEN BEATS PINTARAS JAYA WITH GROSS PROFIT OF 25%!
Once I bought into the 3 "P"s of construction: selling between 70 cts to 80 cts in year 2006 (10 yrs ago)
Prinsiptek
Protasco
Pintaras Jaya
Then I met my Johor SIFU. He told me that out of the 3 "P" stocks only Pintaras Jaya made the most monies.
And he was right. By then PTaras Jaya shares have touched Rm1.40 & both of us added more PTaras Jaya.
Ptaras powered from Rm1.40 to a high of Rm7.00 & split (Up a nice 500%).
Really Thank MG9231 - the Great Johor SIFU who taught me to pick the best construction stock called Pintaras Jaya then.
So since I got to know how to fish I have chosen this High Growth Stock called CBIP
Will CBIP go to Rm7.00? Maybe not. But Rm4.00 to Rm6.00 should be very possible as it has the Monopoly in MODIPALM MILL.
Dolphin a challenge? Forget it! Dolphin with its outdated technology is far behind time as CBIP is moving up higher this year with its FULLY AUTOMATED MODIPALM - A WORLD CHAMPION!
See and compare Dolphin
https://www.youtube.com/watch?v=0ueJ9L5aBvM
And See the Highly Superior & Seemless MODIPALM Mill
https://www.youtube.com/watch?v=FDpy4nwFarw
CBIP has a growth rate of 25% to 35% because of its highly profitable MODIPALM.
And coming out soon will the the Improved FULLY AUTO MODIPALM MILL THIS YEAR!
And Management has stated that in year 2016 the maturing Oil Palm Plantations in Indonesia will be contributing fruit harvest.
So CBIP should beat MKH (MKH has property project in Kajang & Oil Palm in Indonesia). Calvin already made more than 30% from MKH.
And with El Nino powering up CPO prices going into year 2018 Calvin expects CBIP to be a Star Performer among Oil Palm Plantations.
3) Next Buy TEXCHEM for its 6.7% to 10.08% dividend
TEXCHEM has 4 core Businesses
1) Raw Chemical (texCHEMical)
2) Polymer (Malaysia being a net oil producer has cheap ingredient for polymer)
3) Production of Seafood in Japan (shell shell crab & sushi) & in low cost Myanmar
4) Over 100 SUSHI KING outlets in Malaysia. Now with tourism boom expect business to do well in SUSHI KING Restaurants.
The recent disposal of Fumakilla has unlocked CASH.
And company a proposing a dividend of 10 cts which equals to 6.7%. If Company is generous like year 2015 it will at another 5 cts Special dividend. So 10.08% dividend can be expected hopefully.
Now many have questioned that the core business of TEXCHEM shows no profit. Profit came from "One off" asset disposal?
Of course Calvin is also aware of that.
But Calvin always do his home work well.
Just like I recommended TMakmur at Rm1.38 with high dividend of 8%. People said TMakmur's dividend is not sustainable. So they doubted & questioned? So?
So my fellow doubting friends who missed?!
TMakmur was taken private at Rm1.90 for a nice 37% gain.
Now the latest result of TMakmur is not good either. But why Pahang Sultan took TMakmur private?
Answer:
TMakmur is sitting on Assets of Immense Value. Its Lands will be gold mines when East Coastal Train pass from KL to Kuantan. And on its lands are hidden stores of bauxide!
So sad for those who missed my call.
Never mind! And Richard Branson said, "Investment opportunity is like taking the bus. Missed one? Never mind, another bus is coing soon"
So the Investment Bus is "TEXCHEM"
TEXCHEM is sitting on 4 businesses. Especially its food business. QL has seafood. So has TEXCHEM. OldTown has White Coffee? So TEXCHEM has SUSHI KING!
More than that!
TEXCHEM is sitting on 11 Plots of Gold Mines
See
Properties owned by TEXCHEM
Texchem Materials Sdn. Bhd. No. 6 & 6A, Jalan Tampoi 7/4, Kawasan Perusahaan Tampoi, 81200 Johor Bahru, Johor Darul Takzim. Freehold 2.54 acres Office & Warehouse 27 years N/A 2 September 1999 5,500
Texchem-Pack (M) Bhd. No. 1465, Mukim 11, Lorong Perusahaan Maju 6, Fasa 4, Kawasan Perindustrian Perai, 13600 Perai, Penang. Leasehold 60 years 3.96 acres Office & Factory Between 14 to 23 years 29 June 2052 *1 December 1994 5,829
Texchem-Pack (PP) Sdn. Bhd. Part of Lot 1241, Phase III, Bayan Lepas Free Industrial Zone, 11900 Penang. Leasehold 60 years 3.78 acres Office & Factory Between 16 to 36 years 27 August 2041 *26 April 1983 4,966
Texchem-Pack (Johor) Sdn. Bhd. No. 3, Jalan Mutiara 7, Taman Perindustrian Plentong, 81750 Masai, Johor Darul Takzim. Freehold 0.97 acre Office & Factory Between 19 to 20 years N/A 21 October 1998 4,066
Eye Graphic Sdn. Bhd. No. 5, Lorong Perusahaan Maju 11, Taman Perusahaan Pelangi, 13600 Perai, Penang. Freehold 0.27 acre Office & Factory 19 years N/A 16 April 1996 936
Texchem Life Sciences Sdn. Bhd. Lot 3, Jalan P/6, Kawasan Perindustrian Bangi, 43650 Bandar Baru Bangi, Selangor Darul Ehsan. Leasehold 99 years 2.01 acres Office, Factory & Store 24 years 29 September 2086 *7 September 2004 10,244
Texchem-Pack (Thailand) Co., Ltd. 234, Moo 2, Bangpa-in Industrial Estate, Udomsorayut Road, Tambol Klong-jig, Amphur Bangpa-in, Phranakorn Sri Ayutthaya Province, 13160 Thailand. Freehold 8.56 acres Office & Factory 22 years N/A 3 May 2007 17,276
Sea Master (Malaysia) Sdn. Bhd. No. 2446, Mk 1, Solok Perusahaan Satu, Kawasan Perindustrian Perai, 13600 Perai, Penang. Leasehold 60 years 1 acre Office & Factory 33 years 25 July 2042 15 July 1983 856
Plot 78(a), Perai Industrial Park, Daerah Seberang Perai Tengah, Penang. Leasehold 60 years 0.19 acre Factory 33 years 20 September 2070 7 May 2008 90
Ocean Pioneer Food Sdn. Bhd. No. 31-P, Jalan Pelantar, Pantai Remis, 34900 Perak Darul Ridzuan. Leasehold 60 years 1.23 acres Office & Factory 38 years 28 November 2054 29 November 1994 463
Texchem Corporation Sdn. Bhd. Lot Nos. 808 & 809, Jalan Subang 5, Taman Perindustrian Subang, 47610 Subang Jaya, Selangor Darul Ehsan. Freehold 5.01 acres Office & Warehouse 22 years N/A 28 October 2015 20,821
So just simple as this:
Just like Selling Fumakilla & distribute dividends to share holders
These Nihon-Jin could sell one piece of Asset each year & distribute 10.0% dividends to all shareholders if they continue their generous dividend policy for the next 11 years?
And after 11 years will the other 4 Divisions Perform. If so expect even more generous dividends as share price moves up and dividends increase further.
Many happy returns
Calvin Tan
Singapore
http://klse.i3investor.com/blogs/www.eaglevisioninvest.com/116887.jsp
