Highlights
KLSE: MULPHA (3905)       MULPHA INTERNATIONAL BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
2.14   -0.01 (0.47%)  2.07 - 2.16  108,100
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Overview

Market Cap: 684 Million
NOSH: 320 Million
Avg Volume (4 weeks):678,557
4 Weeks Range:1.85 - 2.43
4 Weeks Price Volatility (%):
50.00%
52 Weeks Range:1.15 - 2.43
52 Weeks Price Volatility (%):
77.34%
Average Price Target: 1.04
Price Target Upside/Downside: -1.10
Stamp duty exempted for year 2021

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2021 [#1]  |  31-May-2021
Next QR | Est. Ann. Date: 30-Jun-2021  |  28-Aug-2021
T4Q P/E | EY: -31.00  |  -3.23%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 9.6654  |  0.22
T4Q NP Margin | ROE: -3.11%  |  -0.71%

Headlines

Date Subject
20-Jul-2021 马化国际挑战RM2.52/敏源
17-Jul-2021 热门股:马化国际 上挑RM2.50
07-Jul-2021 Trading Stocks - Mulpha International
23-Jun-2021 PublicInvest Research Headlines - 23 Jun 2021
23-Jun-2021 Mplus Market Pulse - 23 Jun 2021
16-Feb-2021 Mplus Market Pulse - An Ox-picious start
13-Jan-2021 Mplus Market Pulse - 13 Jan 2021

Business Background

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.
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  14 people like this.
 
vespa I invested in it in 2007 based on assets etc etc then wrote to company secretary demanding info on its Australian business ( the bulk of its business) and suggesting it incorporate those accounts in a supplement in the Annual report and got an unhelpful response. Sold it then knowing it is not a transparent set up but play within the rules and not ethics.

Nothing has changed.
22/02/2020 7:26 PM
Underhand Can Collect for the big thing to happen
24/02/2020 7:58 AM
iryn20011 Wise decision, vespa!

Just sharing. My costliest mistake & unforgettable lesson, after stock was being 'touted with logic reasonings & detailed info' then.

This stock is being manipulated from a 52wks high @ $2.65 down to $1.68 as at now ... to really low (?). NTA now is $8.68.

Read up on the Scheme to Privatize, as in Tiger Synergy Bhd.
https://thecoverage.my/news/91-of-shareholder-value-removed-as-tiger-synergy-berhad-pays-out-70-of-rm-399-million-employee-benefits-to-board-of-directors-senior-management/
27/02/2020 3:47 PM
absalom This is a case study on why not to put your money in people without ethics or integrity. Many of these types think they are wizards who can manipulate the financials to show big profit quarters where they pile on the fat, inflate values etc. (at the same time selling their shares at high prices), then do the reverse to show huge losses, like major impairment, during which time they happily collect back the shares at a fraction. The minority who study the financials like hawks who have no idea what the sleazebags are up to, get suckered every time. That's why the first thing to look for when investing, is that the the people running the show are not scoundrels.
06/03/2020 10:33 AM
Underhand Privatisation?
11/03/2020 7:58 AM
Jeffreyteck Authority is partly to be blamed? First level TP0.50. All key fundamentals in red. Only positive is high nta. Good luck.
23/03/2020 9:00 AM
Jeffreyteck Falling too slow, more to be hooked?
24/03/2020 1:07 PM
chinaman Whoever never own the shares for some time hard to understand its psyche. Dont just read a book by it's cover. I've been holding this counter for some time. It's inability to generously pay dividend does not imply lack of integrity, or poor of ethics. Mulpha has too much in its plates actually due to aggressive growth, expansion in AU, NZ. From property in AU, it expand further into ON LINE lending platform, and ON LINE education platform. This give lots of pressure on its balance sheet, bit over-geared. Hold tight. Many like dividend shares, ok can opt for Protasco. Then, you'll understand what i'm saying.
To quote Warren Buffet: “If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.”
01/05/2020 11:02 AM
chinaman AU hotel business has good prospects with new plan in the pipeline. Mulpha has many hotels in both AU and NZ......

quote***

SYDNEY - New Zealand and Australia could soon open their borders to each other, creating what they call a "Trans-Tasman bubble" as they look to restart their economies after getting their novel coronavirus outbreaks under control.

New Zealand Prime Minister Jacinda Ardern confirmed on Monday she would take part in an emergency Australian coronavirus cabinet meeting on Tuesday, adding to anticipation of a travel deal. [nL4N2CM01G]

The neighbours, separated by the Tasman Sea, have slowed their coronavirus epidemics substantially, to a level well below those in the United States, Britain and other countries in Europe.

Australia has recorded about 6,800 infections and 96 deaths, and New Zealand has had 1,137 cases and 20 fatalities.

Both have a coronavirus mortality rate of just 1% and have maintained low, single-digit daily increases in new cases for weeks, successes they attribute to social distancing and extensive testing.
04/05/2020 7:32 PM
vespa This is an ATM for the major shareholders
28/05/2020 6:05 PM
chinaman Others see emigration as their best option.

David Hui, managing director at Centaline Immigration Consultants (HK) Ltd., said his firm is now receiving as many as 100 inquiries a day from Hongkongers interested in moving to countries including Australia, the UK and Canada. Taiwan, Malaysia and Portugal are also becoming increasingly popular.

"The national security law is definitely a push factor,"
31/05/2020 1:30 PM
Skyfriend run like hell
07/09/2020 2:02 PM
firehawk he manipulates very carefully .....to avoid small holders earning money!
15/09/2020 8:47 AM
awesome20 covid time no much affected
26/11/2020 7:34 PM
absalom What can be a worse company to invest in than one that uses public money to acquire assets and businesses, never pays any dividend and nothing to show for in terms of performance. Deliberately done to drive down the share price so they can buy back Actually when you invest in companies, you are investing in the people own the major chunk and their proxies in management. Wise to make sure they are not scumbags.
04/12/2020 10:43 AM
Damiel Mulpha Australia Ltd’s wholly-owned subsidiary Mulpha Australia (Holdings) Pty Ltd (MAH) has accepted a syndicated credit facility of A$342 million (about RM1.07 billion) from Oversea-Chinese Banking Corporation Ltd and United Overseas Bank Ltd in Australia. Mulpha Australia is a wholly-owned subsidiary of Mulpha International Bhd.The purpose of the syndicated credit facility is to finance the refurbishment works at InterContinental Sydney Hotel and to refinance the existing borrowings,” Mulpha said in a filing with Bursa Malaysia today.
13/01/2021 11:51 AM
vespa chuck these shares as they are worth nothing to minorty shareholders as you dont see returns
16/02/2021 1:52 PM
vespa wrote similar advice in May 2020 too
16/02/2021 1:53 PM
vespa son does loads of charity in Australia on Mulpha's behalf lol
16/02/2021 1:54 PM
30/03/2021 2:40 PM
caonima vol & price break new high, gogogo
30/03/2021 2:52 PM
Bedakong116 Very good results and NTA close to RM10. Most assets are in Anzac so shielded fr Msia problems. Not many people know that....
01/06/2021 12:54 PM
thesteward Yes nta close to rm10 even if privatize at 1/3 of the nta also got rm3++ . Super undervalue
02/06/2021 6:55 PM
bigman888 but ROE is negative...mean very weak in doing business
08/06/2021 7:42 PM
Solomon7 Possible election play...
14/06/2021 5:20 PM
Bedakong116 Just announced sale of stake in an online education bizness in NZ to PE fund KKR netting profits of over RM400m or RM1. 34....tomorrow limit up!!!
22/06/2021 8:48 PM
Hew Kiong Peng George yea limit up lai
23/06/2021 8:00 AM
Bedakong116 If they use the proceeds to pay dividend only then stock will move
23/06/2021 3:11 PM
firehawk so good news announced ... retailers should rush to buy, but they don't .... disappoint big boss very much :-(
24/06/2021 4:02 PM
Bedakong116 Missing news of big dividend!! Everyone likes that!!
24/06/2021 4:14 PM
Bedakong116 Pls write to company to ask for some of proceeds to be used to pay dividends...
01/07/2021 5:11 PM
jt888 I wrote in already . Please do your part to request for announcement of Dividends to the shareholders :) . Thanks
13/07/2021 3:30 PM
jt888 mailto: enquiry@mulpha.com.my and enquiry@mulpha.com.au
13/07/2021 3:31 PM
SuperDuper Ya.. Ask independent directors to help minority else big boss just said co doing buybacks and helping himself more when he privatise!
14/07/2021 3:20 PM
thesteward Nta ard rm10 anc share price just at rm2.10! What a joke!!!
14/07/2021 5:28 PM
Bedakong116 Moreover when u consider that 85% of their assets is in Australia and only 15% is in Msia they are shielded fr the economic and political issues in Msia and their big asset in Msia ie Leisure Farm was acquired in the early 1990s so very undervalued against present prices and very close to Spore.
14/07/2021 9:43 PM
Xixi88 Looks like company is buying back with part of the RM 400m and cancel the buy back shares.
16/07/2021 9:01 PM
wongchin Whats up with mulpha? Sudden price surge.
16/07/2021 11:06 PM
Bedakong116 Finally investors are waking up to the deep value in Mulpha! Read in Annual Report they also own a hotel in Auckland NZ and in Mayfair London 5 star!!!
17/07/2021 5:55 AM
AhJee Why every day up one
17/07/2021 7:51 AM
Bgt 9963 Good morning.!
17/07/2021 9:04 AM
Bedakong116 Also the market cap now only 700m and hence max buy back is 10% or 70m leaving 400m for some Div distribution like Pelikan. Pls write to Co as well as MSWG or Bursa....
17/07/2021 9:20 AM
Bgt 9963 Good morning.
18/07/2021 11:23 AM
360Capitalist Some major corporate exercise coming ??

1) Special Dividend distribution ?
2) Share Buy Back by company to reduce freefloat shares in market and follow By General Offers by Major Shareholders to take the Company private and Delisted.
Based on NTA of RM10.00+, any attempts to take the company private will have to increase the offer at least few times higher from current level.

All is possible. Just wait to see what come next...

Remark :-
SBB is very consistent and remarkable move by Company and openly tell the market it is Highly undervalue against the fundamental of company which can turn into Net Cash by simply dispose one of the Investment, Please bear in mind that the company has not do any revaluation on its assets and landbanks for many years. Most land assets were bought 20 to 30 years ago.
80% of company's business revenue earner is in Australia and Leiisure Farm is owned by Mulpha International Berhad.
19/07/2021 9:51 AM
Bedakong116 Very good analysis above. I estimate major shareholders probably own 60%+ based on companies linked. A share buyback likely increase this to 70%. Should delist here and relist in ASX!!
19/07/2021 11:01 AM
360Capitalist Hopefully the Special Dividend will announce with completion of On-Line Education disposal deal with KKR.
19/07/2021 11:24 AM
stockraider Correctloh...just buy mah!

Cheap mah!
19/07/2021 12:13 PM
kion11 at NTA about RM10.00 , disposal of business and status, possible special dividend soon
19/07/2021 1:09 PM
360Capitalist With latest disposal of on line education, the NTA is further increase by RM1.30 and improve latest NTA to around RM11.10. If share price trade atRM3.00, it is 72% discount from its NTA.
This share is truly undervalue even if it is trading at RM5.50 (-50%), at RM7.70 (-30%) discount against NTA . Since 80% of its business is in Australia, it is better take private and float in Australia to unlock its true valuation.
19/07/2021 2:13 PM
Bedakong116 Meanwhile write to MSWG to lobby company to pay dividend from the disposal since it has not paid dividends for more than 10 yrs!!!
27/07/2021 10:22 AM


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