Highlights
KLSE : MUDAJYA       MUDAJAYA GROUP BHD
Last Price Today's Change   Day's Range   Trading Volume
0.81   +0.02 (2.53%)  0.79 - 0.81  172,000
Trade this stock and win a FREE I3investor T-shirt after 5 trades. Find out more.

Overview

Market Cap: 437 Million
Shares: 539 Million
P/E | EY: -3.60  |  -27.77%
DY | Payout %: 0.00%  |  - %
NAPS | P/NAPS: 1.8  |  0.45
Avg Volume (4 weeks):301,630
4 Weeks Range:0.725 - 0.93
52 Weeks Range:0.725 - 1.52
Average Price Target: 1.20
Price Target Upside/Downside: +0.39

Headlines

Latest Headlines
06/12/2016  获8.1亿合约带动.成荣一度涨7.14%
05/12/2016  Mplus Market Pulse - 5 Dec 2016
05/12/2016  PublicInvest Research Headlines - 5 Dec 2016
01/12/2016  Mudajaya - Last String of Hope?
30/11/2016  Mplus Market Pulse - 30 Nov 2016
30/11/2016  Mudajaya - Still Mired In Losses
27/10/2016  PublicInvest Research Headlines - 27 Oct 2016
30/08/2016  Mudajaya - Brief Discussion on Q2 2016 Result (3) - YiStock
30/08/2016  MUDAJAYA BERHAD - Back Into Losses
30/07/2016  M+ Online Market Pulse - Sideway Trend To Stay - 29 Jul 2016
30/07/2016  MUDAJAYA BERHAD - Snags RM1.33bn Pan Borneo Job
Trade this stock for as low as 0.05% brokerage. Find out more.

  18 people like this.
 
Ehl1964 bought another 200lots to average up.
05/12/2016 15:49
heaven123 Up long way.
05/12/2016 16:07
Ehl1964 Nov. Generation report not release yet. October report shows that program for RKM POWERGEN is 2000MV for the period Oct-3016 to Mar-2017.
05/12/2016 16:10
Ehl1964 Wrong typing . October 2016 to March 2017.
05/12/2016 16:16
Ehl1964 If Nov. confirmed production. I will average up another 500 lots immediately. Totally 1000lots is enough for me to earn another car.
05/12/2016 16:25
johnny cash SINCE THIS COMPANY HAD AN ISSUE WITH SC IN THE PAST, AT INTERVALS SC-security commission, SHOULD ENTER AGAIN, TO DO A GENERAL COMPLETE AUDIT, BUT OUR SC IS FOND OF SLEEPING
07/12/2016 00:20
johnny cash This must be done, only SC, only can OPEN UP, their tight shut lips
07/12/2016 00:22
johnny cash What we are worried now is, this company are not disclosing things, which investors should know..usually when companies comes to distress financial situation, they will tend to hide many things
07/12/2016 00:28
dosn KUALA LUMPUR: CIMB Equities Research sees signs of order book recovery for Mudajaya Group but not net profit recovery as yet after it accepted a RM810mil road construction project on Penang island.

The infrastructure company had accepted a letter of award from Consortium Zenith BUCG for package 2 of Penang major roads and Third Link project. The package involves road alignment from Ayer Itam to Lebuhraya Tun Dr Lim Chong Eu bypass. The construction period is three years after site possession in 1H17F.

Details from Zenith–BUCG’s website reveal that this RM810mil road project (RM162m/km) is one of three new traffic dispersal road schemes to be implemented on Penang Island.

This appears to be part of the overall Penang Transport Master Plan (PTMP) undertaken by Zenith-BUCG consortium. Another component under the purview of Zenith-BUCG is the Penang undersea tunnel. The package awarded to Mudajaya is a 5km 4-lane dual carriageway (non-tolled) that is likely to be mainly elevated.

CIMB Research said the new contract has increased its order book by 61% to RM2.1bn while the project pretax margins are 6%-8% at the minimum due to the elevated scope of works, and new construction profit is RM15mil to RM20m per annum.

However, as site possession will only take place in 1H17F, full-year impact would only be felt in FY18F onwards. Also, considering the RM31mil construction losses on top of the RM112mil associate losses in 9M16, thisnew Penang contract, although sizeable, would not fully offset the overall losses.

“In the medium term, Mudajaya is tendering for an MRT package, new government building jobs, potential new domestic solar farm venture and is reviving its power plant tenders, while pursuing variation order (VO) claims on selected contracts.

“We retain our RM1bil new job assumption for FY16F (which now has been exceeded) and RM800mil per annum for FY17-18F.

“This contract win is clearly another big milestone for Mudajaya this year. However, our key concerns continue to be the prolonged construction and associate losses.

“We maintain net loss forecast for FY16F and believe there are downside risks to our net profit estimates for FY17-18F due to delay risks for the Indian IPP. Our target price remains pegged to a 60% RNAV discount in view of the weak earnings outlook. Any upside to share price is an opportunity to take profit. Risk is faster earnings turnaround,” said CIMB Research
07/12/2016 11:33
Ehl1964 Big shareholder bought back 6.5mil share at 0.90 on 5/12/2016. That means Mudajaya worth more than 0.9 .
08/12/2016 20:50
400523 Guess who sold
09/12/2016 10:08
400523 Mulpha I believe...and they should have board representation as they are a major shareholder.
09/12/2016 10:10
400523 Meaning they have information on everything the board discusses.
09/12/2016 10:21
400523 Why sell the goose if its going to lay the golden egg?
09/12/2016 10:23
400523 The sale and purchase leaves more questions than answers
09/12/2016 10:26
400523 PETALING JAYA: Mudajaya Group Bhd’s former managing directors, Ng Ying Loong (pic) and Anto Joseph, have raised their stake in the power plant builder.

They now control the biggest block of shares in the company.

Dataran Sentral (M) Sdn Bhd, the management company owned by Ng and Joseph, acquired 6.5 million shares in Mudajaya from Mulpha International Bhd on Dec 5 at 90 sen each, filings with Bursa Malaysia yesterday showed.

The transaction increased Dataran Sentral stake in Mudajaya to 110.18 million shares or 20.5%.

At the same time, Mulpha’s stake in Mudajaya was further reduced to 100.3 million shares, or 18.6%. The disposal came less than three months after Mulpha sold 13.46 million shares in Mudajaya at RM1.01 each.
09/12/2016 10:30
400523 Dataran Sentral's shareholding value has dropped from hundred's of million years back to about 88 million even after the purchase...so 6.5 million is a "show of confidence" so to speak?
09/12/2016 10:34
400523 Wonder what Fairfax will do...they hold about 14%?
09/12/2016 10:35
400523 If Fairfax sells...they will be shooting themselves in the foot
09/12/2016 10:38
400523 Does Mulpha really need to sell? Are they so desperate for funds? Anyone knows?
09/12/2016 10:41
Ehl1964 share price moving up now.
09/12/2016 11:32
chinaman if I'm not wrong-with only 18.6% stake, Mulpha don't have to taking into account of Mudajaya's profit/loss into its balance sheet since its not an associate anymore...
09/12/2016 11:36
Ehl1964 may be Anto Joseph can help to solve India power plants problems once he control Mudajaya.
09/12/2016 11:38
400523 I believe u are rite chinaman 20 - 50% ownership is an associate in balance sheet. Now onwards recorded as investments.... But why sell the goose?
09/12/2016 11:57
chinaman I can't deny the possibility mulpha make a comeback only after mudajaya profit stabilised. he must foresee another few qtr losses. till this settled- mulpha want his account take it aside
09/12/2016 12:00
chinaman another possibility is MGO process is in the making...
09/12/2016 12:01
chinaman Lee Seng Huang is not holding any director in mudajaya anymore. he's shareholder now with voting power in any MGO
09/12/2016 12:04
400523 Mulpha can now state as long term investments in Mudajaya at cost instead of market value? Anyone knows? Whatever it is...major shareholder selling off significant number of shares is a red flag in my opinion. Within 3 months 2 large selloffs.
09/12/2016 13:48
Ehl1964 Then why another big shareholder dare to pay about 6mil to buy the Shares? Just to show the loss of Mudajaya in their balance sheet for fun?????? Former
09/12/2016 14:10
Ehl1964 I think this deal may be connection with Penang 81mil project and India power plants fire up very soon. Besides that, former MD NG YING LOONG now is one of the major shareholder.
09/12/2016 14:16
400523 6mil shares cost 5.4m (.90cts)... is chicken feed compared to hundreds of million losses these 2 guys lost so far. If they don't support who will?
09/12/2016 14:30
400523 No big shareholder can now sell large number of shares to retail investors without pushing down the price further in my opinion. All the big fish are stuck. Just have to wait it out I guess or sell to the big shareholders like what happened with Mulpha
09/12/2016 14:37
Ehl1964 sounds funny.
09/12/2016 14:37
400523 Turnover of shares of this counter is low and punishing to large sale of shares.
09/12/2016 14:39
Ehl1964 so you mean these 2 guys are idiots to buy a hopeless company share.
09/12/2016 14:43
400523 ICRA (for RKM Powergen India) and RAM ratings (local MTN borrowings) not out in a long time...maybe the borrowings were refinanced by banks and therefore do not require external rating agencies...just a wild guess.
09/12/2016 14:45
400523 They are definetelly not idiots...that I can assure you.
09/12/2016 16:01
400523 Is Mulpha an idiot?
09/12/2016 16:05
Ehl1964 so I said may be this deal connection with Penang 81mil project n India power plants project.
09/12/2016 16:56
Ehl1964 They exchanged something what they want.
09/12/2016 17:02
gerry188 Guys, look carefully at how the news article is crafted - the sale from Mulpha Infrastructure (one of the holding companies) to Dataran Sentral (another holding company) which is supposedly controlled by Ng Ying Loong and Anto Joseph.

First of all, do check who really controls Dataran Sentral. Note that Mulpha Infrastructure has sold many times before this including MCB's director Wee Teck Nam.

Don't you think there is an effort to try and create the impression that there is a base price ie 90 sen, for the counter ie to prevent it from falling further (as I am sure most of the shares in the holding companies are held on margin financing).

I wrote previously back in late 2014, when the counter was well above RM 2.00, that the stock was on a downtrend and that if it breached 1.80, it would fall to a long term support of 1.10, which unfortunately has also been breached.

The reasons given then are still the same today and the company is still fire fighting.

Johnny Cash who is active here may remember what I said then. After which I did not post here again as too many people were offended by the assessment.

And do take note that Fairfax holds about 80 million shares but they have stopped averaging down since March 2016. What happens if they capitulate?
10/12/2016 12:04
gerry188 Last quarterly report (30 Sept 2016): Construction segment revenue 426.2 million and loss before tax of 31.7 million.

Does this show they can generate profit from their construction segment? All construction companies are facing razor thin margins due to the reducing number of projects and the fact that pricing is now very competitive.

So, how much profit or loss do you think the company will incur on their RM 810 million Zenith BUGC project and the RM 1.325 billion Pan Borneo Highway packages? The last I heard, even IJM is thinking of giving up on their Pan Borneo Highway package.
10/12/2016 12:20
gerry188 Latest corporate announcement - appointment of Sun Hung Kai Investment Services as a dealer for their Euro Medium Term notes (USD 200 million).

Do find out for yourselves who controls Sun Hung Kai Investment Services and you will soon see the web of holdings in MCB.
10/12/2016 12:26
Ehl1964 I think Penang 810mil for 5km 4lane road is profitable, 162mil per km.
10/12/2016 16:54
Ehl1964 Most of the raw materials use in Penang project can be source locally.
10/12/2016 16:59
Ehl1964 Anyway hope to hear good news from India projects, then share price will break rm1. 0 easily.
10/12/2016 17:02
johnny cash Ying is back, something is coming, I think indian powerplant is going to fire up, there will be an uptrend but not a strong one at this initial stage
10/12/2016 20:10
johnny cash Is it true that CONSTRUCTION is a themeplay in 2017?
11/12/2016 18:03
johnny cash Rail road projects also a theme play if not mistaken
11/12/2016 18:05
johnny cash http://klse.i3investor.com/jsp/pttop.jsp
11/12/2016 18:06


 

393  207  484  676 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 HSI-C48 0.23-0.035 
 APFT 0.03-0.005 
 HSI-H63 0.395+0.015 
 AIRASIA 2.55+0.02 
 AAX-C2 0.05+0.005 
 HIBISCS 0.31+0.005 
 MNC 0.070.00 
 TRIVE 0.095+0.01 
 AAX 0.38+0.01 
 DRBHCOMC28 0.15+0.01 
Partners & Brokers