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MUIPROP (3913) : MUI PROPERTIES BERHAD
i4value
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Posts: 633
Joined: Aug 2020
30 Sep 2023, 10:53 AMPost #1

The last excitement about this stock was in the 2020 when the impression was that this was going to be a gold proxy given its 40.7% stake in Australian-listed gold exploration company Nex Metals Explorations. But it exited from gold mining interest when the Australian counterpart rejected MuiProp's option for loan stock conversion into shares and returned all investment plus interests. So this is now just a property company in a tough property market. If you want to look for other current gold proxies have a look at Poh Kong, Tomei, Nice as per "Are there Bursa gold proxies" 

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