MUI Properties

Re: MUI Properties

Postby winston » Mon Oct 12, 2020 10:17 am

vested

Stocks On Radar - MUI Properties (3913)
9 Oct 2020

MUI Properties is poised to test the RM0.285 resistance level.

With its RSI indicator pointing upwards, coupled with higher trading volume, we hold the view that there could be a technical breakout towards a short-term target price of RM0.31, followed by RM0.33.

Meanwhile, the downside support is projected at RM0.26 and traders may cut loss on a breach.

Trading Call: Buy on breakout RM0.285

Target: RM0.31, RM0.33 (time frame: 2-4 weeks)

Exit: RM0.26

Source: AmInvest Research
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: MUI Properties

Postby winston » Thu Oct 15, 2020 8:06 am

MUI Group sells shares in MUI Properties as price surges

by Wong Ee Lin

Loss-making MUI Group has been leveraging on share price movement to trim its stake in MUI Properties. In August, the group sold 10 million shares when the property unit’s share price hit a 20-year-high of 40 sen on Aug 7.

Until July, MUI Properties’ share price had been trading below 20 sen since last year. Over the past year, the counter has risen some 40% from 17.5 sen.


MUI Properties’ net profit shrank 25.5% to RM12.73 million in FY20 from RM17.09 million last year despite 33.4% higher revenue at RM76.69 million from RM57.47 million in FY19.

The lower earnings were due to higher administrative expenses and a lower fair value gain on unquoted investment recorded in the investment holding segment, said MUI Properties.

MUI Properties, on the other hand, is at a net cash position of RM99.78 million with zero borrowings as at June 30, 2020. It has fixed deposits amounting to RM69.37 million, RM30.36 million cash and bank balances as well as other investments of RM54,000.


Source: The Edge

https://www.theedgemarkets.com/article/ ... ice-surges
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Re: MUI Properties

Postby winston » Thu Nov 26, 2020 9:09 pm

vested

1Q Results

Revenue: -21%
EPS: +40%
RNAV 0.39

https://www.bursamalaysia.com/market_in ... id=3107645
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Re: MUI Properties

Postby winston » Sun Jun 27, 2021 6:11 pm

vested

May 27, 2021

3Q Results

Revenue: +93%
Losses: RM 760,000
NAV: RM 0.39

https://www.bursamalaysia.com/market_in ... id=3161191
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Re: MUI Properties

Postby winston » Tue Sep 21, 2021 8:59 am

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MUI Properties declares first dividend in 10 years after weathering challenging FY21

by Adam Aziz

KUALA LUMPUR (Sept 20): MUI Properties Bhd today announced its first dividend payout in 10 years after a steady performance for the financial year ended June 30, 2021 (FY21) despite construction delays due to the Covid-19 pandemic.

The group, which is developing Bandar Springhill in Negeri Sembilan, posted a net profit of RM7.67 million or 1.04 sen per share for FY21, down 39.5% from RM12.73 million or 1.72 sen for FY20.

The lower earnings were due partly to a loss of recognition of dormant subsidiaries, the group said in a bourse filing.

MUI Properties announced an interim dividend of 0.45 sen per share, payable on Sept 22. The last time it paid a dividend was in FY11.

At pre-tax profit level, the property developer saw a smaller contraction of 12.5% to RM21 million from RM24 million in FY20. Revenue slid 0.24% to RM76.5 million from RM76.69 million.

Also contributing to the weaker bottom line performance was lower net forex gains in 4QFY21, which contributed to the 75.7% decline in quarterly net profit to RM2.14 million or 0.29 sen per share, from RM8.81 million or 1.19 sen per share a year earlier.

Quarterly revenue however rose 4.7% to RM19.43 million from RM18.55 million, mainly from the ongoing Phase E6 of Bandar Springhill, it said.

"The opening of UCSI Hospital in Bandar Springhill in March 2021 is expected to further improve the vibrancy and attractiveness of the township.

Shares of MUI Properties fell 0.5 sen or 2.56% to close at 19 sen, valuing the group at RM141.54 million.

Source: The Edge

https://www.theedgemarkets.com/article/ ... nging-fy21
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: MUI Properties

Postby winston » Wed May 25, 2022 7:50 am

vested

2Q Results

Revenue: +55%
EPS: =18%
NAV 0.39

https://www.bursamalaysia.com/market_in ... id=3235140
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: MUI Properties

Postby winston » Tue May 31, 2022 5:37 pm

vested

3Q Results

Revenue: +15%
EPS: 0.46
NAV: 0.40

https://www.bursamalaysia.com/market_in ... id=3263814
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: MUI Properties

Postby winston » Fri Aug 26, 2022 9:20 am

vested

4Q Results

Revenue: -26%
EPS: +360%
NAV: RM 0.41

https://www.bursamalaysia.com/market_in ... id=3286502
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: MUI Properties

Postby winston » Fri Nov 25, 2022 7:29 am

vested

1Q Results

Revenue: +31% yoy, RM 24m
Profits: RM 2.6m
Net Asset: 0.41
Cash: RM 82m

https://www.bursamalaysia.com/market_in ... id=3308038
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: MUI Properties

Postby winston » Fri Feb 24, 2023 10:15 am

not vested

Revenue: +8%, RM 29.8m
Loss: RM2.3m; Foreign Exchange Losses
Net Asset: 0.41

https://www.bursamalaysia.com/market_in ... id=3330480
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Posts: 118535
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