The MPHB Capital Berhad Group of companies was demerged from the Multi-Purpose Holdings Berhad Group (now known as Magnum Berhad) and was listed on Bursa Malaysia Securities Berhad on 28 June 2013.
Our Group is predominantly involved in the underwriting of all classes of general insurance business via our subsidiary Multi-Purpose Insurans Bhd. We also have a credit business and investment in properties including two hotels under the Flamingo brand.
In the past result, company posted a stable and slowly growth up in revenue and also earning per share in the recent 4 quarter.
| What Hot? The sale of the 49% stake in Multi-Purpose Insurans (MPI) to Generali Asia is targeted to be completed mid-June 2015 and talks to sell a controlling stake could commence thereafter which will potential bring cash per share for the counter up to Rm0.58 per share and might give special dividend a part from the cash above. On the property front, the group’s JV with Bandar Raya Developments in Rawang is expected to kick off in two months’ time with an initial Phase 1 GDV of about MYR120m. Maybank research target price Rm2.20  In the daily chart above, the share price currently standing at very good supporting price with slowly maintain a higher low in short term up trending line after break through the down trend line. I believe currently is a best time to collect the counter during this consolidate period and wait for the good news coming around June. My target price : Rm2.15 Happy Trading! Regards, Nick Loke | |||
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