MPHB share price has been moving up steadily for last few days. The price had gone up from RM2.70 to RM3.02.
MPHB had been aggressively selling their non-gaming businesses, meaning there are to transform the group into a gaming company. Magnum Corporation Sdn Bhd a numbers forecast operator (NFO) is under MPHB group.
There are also planning to dispose their insurance company, Multi-Purpose Insurance.
Another reason for the share price to move up is the company may pay-out special dividend to investors.
For last few years, the company had been consistently paying out 10% dividends to shareholders.
Kenanga Investment Research target price for MPHB is RM3.72.
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