Highlights
KLSE: MUIPROP (3913)       MUI PROPERTIES BHD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
0.19   -0.01 (5.00%)  0.19 - 0.20  2,004,800
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Overview

Market Cap: 145 Million
NOSH: 764 Million
Avg Volume (4 weeks):4,042,645
4 Weeks Range:0.145 - 0.225
4 Weeks Price Volatility (%):
56.25%
52 Weeks Range:0.145 - 0.255
52 Weeks Price Volatility (%):
40.91%
Average Price Target: 0.26
Price Target Upside/Downside: +0.07
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2019 [#2]  |  26-Feb-2020
Next QR | Est. Ann. Date: 31-Mar-2020  |  30-May-2020
T4Q P/E | EY: 9.40  |  10.64%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.3615  |  0.53
T4Q NP Margin | ROE: 30.16%  |  5.59%

Headlines

Date Subject
17-Feb-2020 Technical View - Mui Properties Bhd (MUIP, 3913)
17-Feb-2020 Daily Technical Highlight – (MUIPROP)
26-Dec-2019 PublicInvest Research Headlines - 26 Dec 2019
13-Nov-2019 PublicInvest Research Headlines - 13 Nov 2019
13-Nov-2019 Mplus Market Pulse - 13 Nov 2019
18-Oct-2019 MUI PROPERTY (3913) HIGH VALUE STOCK WITH POWERFUL GROWTH CATALYST, Calvin Tan Research
13-Sep-2019 MUI Properties Berhad (KLSE) #RTable - CashRich Series - YAPSS
09-Apr-2019 ECRL PASSING SEREMBAN: WHY MUI PROPERTY (3913) WILL GO UP BY 100% TO 200%, Calvin Tan Research

Business Background

Mui Properties Bhd is a Malaysia-based investment holding company. The company's segments include Properties and Investment Holding. Firm’s Properties segment is engaged in the development of residential and commercial properties for sale, the sale of oil palm fruits and property investment. Investment Holding segment involved in investment related activities. The company has property development projects in Bandar Springhill.
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  7 people like this.
 
gghaha pls buy more....:)
14/02/2020 10:57 AM
WilburR2 0.23 gold strike home run lol
17/02/2020 9:14 AM
AllanTingAS Almost limit up today! Miss out
17/02/2020 9:17 AM
wilsonchan87 this future gold counter, temporary just goreng. Australia gold business existing now only exploration yet any production. Gold business only contribute the profit in future 4-5 years.
17/02/2020 9:24 AM
wilsonchan87 beware it already hit upper limit of downtrend since year 2014 Sep.
17/02/2020 9:30 AM
WilburR2 buy when no one wants to buy, now all panic buy, sell man.
17/02/2020 9:33 AM
Bursa1199 Limit up
17/02/2020 9:49 AM
simon sifu Calvin chun chun call, 18~25.5sen
40% gain!
cheers!
17/02/2020 9:49 AM
calvintaneng Very good!!!

Very good indeed!!!

All blamed Calvin in Scomies

Anyone bought Muiprop on Calvin buy call for MuiProp at 17.5 sen?
17/02/2020 9:51 AM
Chong1116 I buy in 0.19 on Friday
17/02/2020 10:02 AM
simon i in 18 sen
17/02/2020 10:03 AM
simon haha, today come out Kenanaga wirt up with TP=26sen
17/02/2020 10:09 AM
patrick8 Bought 10 lots at 0.185 from your recommendation. Thanks Calvin.
17/02/2020 11:48 AM
WilburR2 when call to buy nobody even squeak a sound, some wanna wait lower. some buy only small small. Buy 500k lots mah. Now sell,, sell
17/02/2020 12:06 PM
WilburR2 sell all the way up lol
17/02/2020 12:07 PM
Kwong2018 RM 0.26 close today.
17/02/2020 12:34 PM
AllanTingAS Sold partially but i think just to early! Anyhow waiting to collect back if drop back. Cause it usually same movement.
17/02/2020 12:46 PM
gghaha buy buy buy....
17/02/2020 3:42 PM
Chong1116 Still can buy?
17/02/2020 7:54 PM
Ong Ban Seng Why not? The price just start to go up
17/02/2020 8:05 PM
Ong Ban Seng Target price RM0.26. Still got 10% margin
17/02/2020 9:21 PM
Ong Ban Seng MUI Properties (Trading Buy, TP:RM0.26, SL: RM0.175)
MUI Properties (MUIPROP) has emerged as a proxy to rising gold prices. Due to its safe haven status, and against the wobbly global economic backdrop, gold prices are up 20% from a year ago to USD1,575/oz currently.

This comes after MUIPROP on 12 Nov 2019 converted the Secured Convertible Note of Nex Metals Explorations Ltd (Nex Metals) – a listed company in Australia with principal activity in gold exploration – into ordinary shares, resulting in MUIPROP owning a 40.7% stake in Nex Metals.

Interestingly, Nex Metals announced in early Feb this year that it has found “high-grade gold ore” at a site in Western Australia. If the initial discovery subsequently translates into physical gold mining activity, this could raise MUIPROP’s market value.

MUIPROP’s existing business is primarily in property development. The stock is currently trading at a sharp 47.3% discount to its book value (BV) per share of RM0.37 (as of end-Sep last year). This is backed by land bank value of RM193.5m (or 26.1 sen per share) in Negeri Sembilan which accounted for more than half of the Group’s total assets of RM377.7m (as of Jun last year).

Also, MUIPROP has zero borrowings, presently sitting on a cash pile of RM74.5m (as of end-Sep 2019). This translates to 10.1 sen per share or approximately half its current share price.

The Group is profitable, with net profit soaring from RM2.7m in FYJun2018 to RM17.1m in FYJun2019. For 1QFY20, net profit came in at RM3.4m (flat y-o-y). Full-year annualised net profit of RM13.6m would translate to attractive P/E multiple of 5.1x on an ex-cash basis.

Applying a P/BV multiple of 0.70x (which is pegged at its 3-year mean valuation given the Group’s balance sheet strength) on its latest BV per share of RM0.37 would imply a fundamentally-driven price of RM0.26 for each MUIPROP share.

Technically speaking, a trend reversal pattern could be in the works. After plotting lower highs and lower lows with its share price plummeting from RM0.515 in Sep 2014 to a trough of RM0.16 in Sep 2019 (a six-year low), the stock appears to have found a bottom.

On the way up, we have set resistance targets at RM0.23 (R1) and RM0.26 (R2), which represent potential upsides of 17.9% and 33.3%, respectively.

We see relatively limited downside risk with key support levels identified at RM0.175 (R1) and RM0.155 (R2), or 10.3% and 20.5% below its last traded price of RM0.195.

Putting together both our fundamental valuation perspective and technical insights, we have derived our target price at RM0.26 per share (+33.3% potential return).
Source: Kenanga Research - 17 Feb 2020
17/02/2020 9:22 PM
AllanTingAS Ha ha. This forum become a bit hot!
17/02/2020 10:53 PM
wilsonchan87 in gold mining, from exploration period to production period take years!
it has long way to go unless u are long term investment.
18/02/2020 7:17 AM
WilburR2 production will depends on how deep the gold is. maybe can ride on pendulum movement. Anyways don't loose what you can't afford.
18/02/2020 10:48 AM
Chong1116 Any idea about today trading chat? Still got power to go up?
18/02/2020 5:25 PM
AllanTingAS Will collect back on Thursday-Friday.
18/02/2020 9:58 PM
Chong1116 Why Thursday or Friday?
18/02/2020 11:30 PM
simon gold price strong & stronger, good for muiprop earning
19/02/2020 8:35 AM
wilsonchan87 yes. gold up is good for those gold miner company. but this only good for muiprop after few years from now, not now. Because joint venture into Nex metal still under exploration period only yet any production
19/02/2020 9:02 AM
Ong Ban Seng Still maintain at RM0. 235. Very soon touch RM0. 26
20/02/2020 7:50 PM
Chong1116 No, should be Rm0.32
22/02/2020 9:54 AM
TianTianHuat Hahaha.. huii huii....

PMHLDG (PMH).... Hahaha.. huii huii....

Those who buy Huat.
Those No buy = No Huat

PMHLDG (PMH).... Hahaha.. huii huii....

Hahaha.. huii huii....Hahaha.. huii huii....
Hahaha.. huii huii....Hahaha.. huii huii....
22/02/2020 1:10 PM
Chong1116 TianTianhuat@ you are wrong chat room
22/02/2020 3:43 PM
Ong Ban Seng RM0. 32.go.go.go...
23/02/2020 12:45 AM
WilburR2 hold your horses and pants. very unstable political suitation ahead.Market may dip.
23/02/2020 8:29 PM
WilburR2 guys are having a great time at Sheraton hotel
23/02/2020 8:33 PM
WilburR2 pandemic from covid hits dow. - 1031pts
25/02/2020 6:42 AM
Chong1116 Dow down again.....
26/02/2020 12:46 AM
Chong1116 US panic already!
26/02/2020 4:26 AM
WilburR2 whoa,, i hardly can hold my pants
26/02/2020 6:55 AM
Chong1116 Any comments?
26/02/2020 5:53 PM
thesteward Muiprop nice one
26/02/2020 7:36 PM
Chong1116 Results out already, not so good....
26/02/2020 7:55 PM
investory321 not good enuv...somemore no dividend payout
28/02/2020 5:18 PM
AllanTingAS Sold the balance for making small profit. Let collect back at <0.19 this will be safe zone.
29/02/2020 10:52 AM
TianTianHuat PMHLDG (PMH).... Hahaha.. huii huii....

PMHLDG (PMH).... Hahaha.. huii huii....

BUY BUY BUY

Cheap Cheap today, Offer price liao....


PMHLDG (PMH).... Hahaha.. huii huii....

Hahaha.. huii huii....Hahaha.. huii huii....
Hahaha.. huii huii....Hahaha.. huii huii....
02/03/2020 11:55 AM
AllanTingAS Can slowly collect once it <0.17
02/03/2020 10:35 PM
gghaha aiyo no chance to get 0.17/0.18....
09/03/2020 5:02 PM
mikeann Trend is downwards as stock has broke support level of 0.16.

May drop further from further Force selling due to high volume over the past few days.

Next support at 0.12
20/03/2020 6:08 AM


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