MPHB Capital Berhad recently received a privatization offer for RM 1.70 per share. Don’t think it will go through at this price.
The company operates in two main segments:
- ·
Credit: MPHB Capital is involved in credit
investments.
·
Insurance: The company operates in the insurance
sector.
Strategic Landbank in Pengerang:
·
One of MPHB’s most valuable assets is its
landbank located in Pengerang, Johor. Iskandar has gained prominence due to the
booming industrial development and the establishment of data centers.
·
The landbank spans approximately 1663 acres.
Although its leasehold, the lease will only expire in 2910, 886 years more to
go.
·
This land is strategically positioned near the
site of the Refinery and Petrochemicals Integrated Development (RAPID)
projects.
·
The land is currently valued at RM 58.93
million, which is valuing it at RM 0.80 per sqft or RM 35k per acre.
· Massive landbank in Penang and Gombak, Selangor too
Don’t think the minority shareholders will accept such a low
offer. Hold on for higher price. Patience could pay off.