Sunday, 16 January 2011

A Brief Look at Multi-Purpose Holdings Bhd. (MPHB)

Multi-Purpose Holdings Berhad

Business Description:
Multi-Purpose Holdings Berhad (MPHB) is a Malaysia-based company engaged in investment holding, provision of share registration and management services. The Company, though its subsidiaries, operates in four segments:

  1. financial services, which include the provision of credit and related services and underwriting of all classes of general insurance business; 
  2. securities broking and dealing, which include the provision of stock broking services; 
  3. property investment and leisure, which include the ownership of buildings for rental income and 
  4. hotel operation, and gaming, which include the operation and management of a licensed four digit numbers forecast betting game. 
Other activities include property development and property investment, provision of computer software and other related services, and investment holding and trading. It has 21 direct subsidiaries and 37 indirect subsidiaries.


Current Price (7/1/2011): 2.35
2009 Sales 3,322,126,000
Employees: 479
Market Cap: 2,532,707,800
Shares Outstanding: 1,077,748,000
Closely Held Shares: 363,037,361





Announcement
Date
Financial
Yr. End
QtrPeriod EndRevenue
RM '000
Profit/Lost
RM'000
EPSAmended
23-Nov-1031-Dec-10330-Sep-10850,703126,4988.10-
26-Aug-1031-Dec-10230-Jun-10871,36095,9775.70-
21-May-1031-Dec-10131-Mar-10992,620105,5896.30-
25-Feb-1031-Dec-09431-Dec-09874,959148,22810.10-


Estimated EPS for 2011 = 20.1*4/3 = 26.8 sen
At price of 2.35, it is trading at prospective 2011 PE = 2.35 / 0.268 = 8.8 x

Historical
5 Yr
PE range 5.7 - 11.8
DY range 4.5% - 2.2%

10 Yr
PE range 23.7 - 46.7
DY range 2.3% - 1.1%

PRICE    DPS     EPS
2004        0.0      1.9
2005        0.0      7.5
2006        0.0     15.7
2007        3.3     13.9
2008        7.6     12.8
2009        6.4     30.4
9M10       4.0    20.10     NTA 2.1400


Capital changes
2003   1/10 Warrant
2009   1/10 Treasury Share

etkl

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