Posted by Investormy > 2 months ago | Report Abuse

IB coming out with better target price after MRCB hold financial guidance briefing last week. Final Q4 result end of February

Posted by theyoungman > 2 months ago | Report Abuse

Nice. Invest with care.
Do not contra punt speculate.
1651 used to bite traders in the past year. Now, it is safer now I guess as long as investors don't be greedy and do not hoot.

Posted by Khatulistiwa1 > 2 months ago | Report Abuse

https://www.straitstimes.com/asia/se-asia/new-bids-in-to-revive-kl-singapore-high-speed-rail-but-govt-funding-remains-missing-link

Posted by theyoungman > 2 months ago | Report Abuse

Ya. Becareful. HSR project is not easy. Huge investment, high maintenance cost, travelling fare cannot be too low else hard to earn $ hihihihi. Other than HSR, there are other many other projects which benefits the company AR. HSR is just an exciting catalyst to spark goreng actvs may be? IMHO

Posted by B03392 > 2 months ago | Report Abuse

HSR wil have many pros and cons from many reviews and questionables with or without govt supports. I believe HSR wil go ahead as planned with some adjustments. MRCB wil move forward with other incoming projects e.g rails, properties and constructions. Its movements in KLSE r much noticeable. Slow and steady👍.

Posted by rtsma2026 > 2 months ago | Report Abuse

Gooooogoooooooogooooooogggg

Posted by Investormy > 2 months ago | Report Abuse

get ready for Q4 result. Going to be more than RM100mil extraordinary gain from Celcom Tower disposal. Notice got people start accumulating today

Posted by 凯翔 赖 > 2 months ago | Report Abuse

Today QR out?

Posted by Matccom > 2 months ago | Report Abuse

Celcom Tower disposal, when will this happen? any report on the expected net gain?

Posted by Investormy > 2 months ago | Report Abuse

Q4 result should be out anytime before 28 Feb. Still have time to accumulate

Posted by B03392 > 2 months ago | Report Abuse

Be patient. All wil have good gains👍

Posted by Johnchew123 > 2 months ago | Report Abuse

https://www.sinchew.com.my/?p=5405022

HSR - GAME OVER

Posted by theyoungman > 2 months ago | Report Abuse

Oh John, 同一个post发布了三次哦？
是。HSR存在很大隐忧。不容易。JB LRT还比较实际。Land banks，5148 & 1589 （8877）。

Posted by KooSan > 2 months ago | Report Abuse

4.7965 against the dollar. HSR can go holland when 4.80. 5 kambing.

Posted by KooSan > 2 months ago | Report Abuse

Still RM 100 billion?

Posted by theyoungman > 2 months ago | Report Abuse

Koosan, ya, cost going higher and higher... Jialat

Posted by 凯翔 赖 > 2 months ago | Report Abuse

隆新高铁可说是一项无利可图的一个项目，因为成本太高，维修费也非常昂贵，乘客量不会太高，除非票价实惠，所以说每年将会面对巨损。

Posted by prudentinvestor > 2 months ago | Report Abuse

"HSR - GAME OVER"
Many people have already made tons of money from MRCB, game over sooooo what? When people were making lots of money, you were sulking somewhere.

Posted by stncws > 2 months ago | Report Abuse

rm5....! next wave is on..

Posted by B03392 > 2 months ago | Report Abuse

1st HSR consortiums announced they r willing to take this jobs even tho currency arent favourable instead of none at the moment. So there is a light in this unwanted project.

Posted by Nasrim > 2 months ago | Report Abuse

PETALING JAYA: Malaysian Resources Corp Bhd’s (MRCB) project pipeline is expected to start materialising in 2024 as the group benefits from better project pipeline visibility and value unlocking initiatives, says Hong Leong Investment Bank (HLIB) Research.
The research house said the construction and property group’s pipeline visibility is strong, anchored by projects such as the Light Rail Transit Three (LRT 3) phase two, and the redevelopment of Shah Alam Stadium and KL Sentral.
As MRCB’s pipeline is estimated to be formalised in 2024, HLIB Research noted the lowest hanging fruit could be the reinstated scopes of the LRT 3 phase two.
This was judged based on its targeted operations timeline of the second quarter of calendar year 2027 for phase two, in which the research house reckons formalisation of the enlarged scope will happen soon.
HLIB Research noted the move would add more than RM1.5bil to MRCB’s active order book of RM1.5bil, as at end-September 2023.
The Shah Alam Stadium redevelopment, worth some RM1bil, will likely be split into several phases to aid land monetisation with demolition phase expected to commence in 2024 and reach completion by mid-2025.
HLIB Research noted other higher value phases will commence post-demolition, which is expected by the second half of 2025.
The progress timeline of the project is rather fluid and could remain so considering 100% land consideration.
“The commercial viability of proposed land parcels will have to be considered prior to finalisation,” the research house added.
On a brighter note, MRCB has continued to benefit from its track record with KL Sentral, where it was the transit-oriented development or TOD developer of the project.
HLIB Research estimates that MRCB’s appointment as the contractor for the rejuvenation of KL Sentral will be formalised by midyear and based on previous guidance, it could add about less than RM1bil to MRCB’s order book.
Due to KL Sentral’s overcapacity situation and need for expansion, MRCB was chosen as the contractor for its revitalisation last year. Development rights over KL Sentral’s airspace will be provided to MRCB as part of this proposal.
HLIB Research stated that in order to augment fare revenue, the consortium will need to work out an equity participation structure in addition to various non-fare revenue streams including property and media rights.
As for MRCB’s property projects, launches worth RM4bil are slated for financial year 2024, with sales target standing at RM800mil, driven mainly by domestic projects. HLIB Research maintained a “buy” call on MRCB with a higher sum-of-part driven target price of 70 sen per share, after increasing construction target price earnings multiple to 16 times.

Posted by theyoungman > 2 months ago | Report Abuse

Those IB issued lots of CWs, they may have been making big money from it. They can distribute(sell off) their CWs to investors, usually CWs hard to trade, so only investors will buy, and it is a high risk product, got to do lots of homework (proper) and with guts.

So, it doesn't hurt IB at all, if IB issued CWs, the mother share price up or down, their research reports, their articles, their news, they are hoping the CWs r out of money and they gained fully from it. Tricks and traps r everywhere.

Posted by KooSan > 2 months ago | Report Abuse

Bloomberg: Ringgit may go past RM4.88

Posted by KooSan > 2 months ago | Report Abuse

Any project also holland lo like that.....

Posted by theyoungman > 2 months ago | Report Abuse

Wow. HSR 不明朗因素效应？📉料。。。

Posted by Investormy > 2 months ago | Report Abuse

be patient. Just wait for Q4 result. Sale of Celcom Tower already completed and will record appx RM100mil extraordinary gains in Q4.

Posted by Depeche > 2 months ago | Report Abuse

HSR will have to go ahead since govt already given the nod... they will eventually have to fund this mega project partially at least.... wait for the twists and turns.

Posted by theyoungman > 2 months ago | Report Abuse

Miss our Rabbit kor kor

Posted by theyoungman > 2 months ago | Report Abuse

Federal, Johor govts meet next week to iron out Malaysia-S'pore special economic zone

https://www.thestar.com.my/news/nation/2024/02/21/federal-johor-govts-meet-next-week-to-iron-out-malaysia-s039pore-special-economic-zone

Posted by Investormy > 2 months ago | Report Abuse

https://klse.i3investor.com/web/blog/detail/hleresearch/2024-02-22-story-h-188272107-Technical_tracker_HLIB_Retail_Research_ndash_22_Feb_2024

Posted by theyoungman > 2 months ago | Report Abuse

100b already very heavy

What if now is 120b?

https://www.nst.com.my/business/corporate/2024/02/1016228/analysts-question-viability-kl-singapore-hsr-project-rm120bil

Posted by Investormy > 2 months ago | Report Abuse

It is good news if MRCB don’t get HSR project. There’s already Billions of projects coming into MRCB such as LRT3 extra 5 stations, KL Sentral 1b redevelopment, Shah Alam 1b stadium, flood mitigation, PBH Sabah, etc

Posted by Investormy > 2 months ago | Report Abuse

MRCB should just focus all these projects which is already more than RM6billion for next 5yrs

Posted by theyoungman > 2 months ago | Report Abuse

Investormy is right. HSR won't give handsome promising ROIs. Hihihi.

Posted by 凯翔 赖 > 2 months ago | Report Abuse

业绩报告出炉前股价一直保持低迷，是否意味着不好的预兆？

Posted by Investormy > 2 months ago | Report Abuse

Q4 result will be out anytime this week. From last week, company with good result will go up around 8% to 12% on next day after announcement. So, time to accumulate.

Posted by Investormy > 2 months ago | Report Abuse

Celcom Tower sale completed in December will contribute appx RM100mil profit for Q4. Projected operating profit is around RM30mil to RM50mil ….based on LRT3 progress. Profit upto date Q3 is appx RM20mil. So, total profit for year 2023 is around RM150mil to RM170mil (assuming no other revaluation profit and forex exchange adjustment from Gold Coast project)

Posted by Investormy > 2 months ago | Report Abuse

Above is not taking into account the Q4 result for development projects as I don’t have the progress sale for that segment

Posted by sasword > 2 months ago |

Post removed.Why?

Posted by 凯翔 赖 > 2 months ago | Report Abuse

今天大部分的建筑股和产业股都涨了一整天，只有这个番薯股和ekovest 跌足一整天。

Posted by Investormy > 2 months ago | Report Abuse

https://theedgemalaysia.com/node/702369

….more projects for MRCB in 2024

Posted by Shines > 2 months ago | Report Abuse

Yes, enough project in hand, I would say without HSR would be better

Posted by theyoungman > 2 months ago | Report Abuse

Kai, Relax ya. Accumulate on dip.

Posted by KooSan > 2 months ago | Report Abuse

Sudah naik ka? RM 120 billion? Soon will be RM 180 billion lor when 5 against the dollar....

Posted by hafizfizor90 > 2 months ago | Report Abuse

https://theedgemalaysia.com/node/702369

Posted by hafizfizor90 > 2 months ago | Report Abuse

KUALA LUMPUR (Feb 26): TH Properties Sdn Bhd and Malaysian Resources Corp Bhd (MRCB), through a 70:30 joint-venture company named 59 Inc Sdn Bhd, officially launched serviced apartment Padang Residences on Monday, according to a press statement.

Padang Residences is part of the RM3.09 billion Kota Semarak mixed development in Jalan Sultan Yahya Petra, Kuala Lumpur. Kota Semarak is a 27-acre (10.93-hectare) leasehold mixed-development project to be developed in three phases. It will comprise serviced apartments, shop offices and a retail mall. The entire development is expected to be completed by June 2027.

TH Properties board member Datuk Wan Hashimi Albakri W A A Jaffri said, “The appetite for our products stays strong, as demonstrated by sales of our industrial and residential products in Bandar Enstek and Warisan Puteri 2, Seremban. We plan to sustain this momentum with better products, and we hope to continue receiving robust support from buyers and investors alike.”

Posted by B03392 > 2 months ago | Report Abuse

Quarterly n yearly report soon either this evening or tomorrow

Posted by theyoungman > 2 months ago | Report Abuse

Shines kor geng chow.
Oh, where is our abang Rabbit? Miss him so much

*Yes, enough project in hand, I would say without HSR would be better

Posted by theyoungman > 2 months ago | Report Abuse

MRCB: TH Properties and MRCB launch Padang Residences in RM3.09b Kota Semarak mixed development in KL. TH Properties SB and Malaysian Resources Corp Bhd (MRCB), through a 70:30 joint-venture company named 59 Inc SB, officially launched serviced apartment Padang Residences. Padang Residences is part of the RM3.1bn Kota Semarak mixed development in Jalan Sultan Yahya Petra, Kuala Lumpur. Kota Semarak is a 27-acre (10.93-hectare) leasehold mixeddevelopment project to be developed in three phases. It will comprise serviced apartments, shop offices and a retail mall. (The Edge)

Posted by 凯翔 赖 > 2 months ago | Report Abuse

业绩报告拖延了好多天都不敢出炉，很不寻常。