Highlights

MRCB stock analysis

Author: Ahza Adhwa Zulkepli   |   Latest post: Fri, 24 Aug 2018, 04:10 PM

 

MRCB: Not-A-Gold-Mine? Really?

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MRCB: NOT-A-GOLD-MINE? REALLY?

This is my second time writing on this blog. I've received so many questions on how far this counter can go. So, this is the analysis. My style of writing will be different on this one, less serious, but quite detailed than before. 

 

INTRODUCTION

First, let's take a look at our current 15 minutes chart to detect, even the least price movement, while filtering the noise. 

Chart 1

Chart 1 shows 0.690 per unit as a clear pivot point. MRCB has been holding this value despite heavy selling since 10 a.m, 13th July 2018. 

 

Chart 2

Chart 2 then shows the price movement, without any noise. If any lose of confidence should show at 13th July. Friday was the best day to show it. Why? People usually use Friday as profit-taking day and will not be taking any risk to hold their portfolio untill next week. Combined this with a lose of confidence in this stock, the price will easily wipes .670 value, hence provide a clear proof of 'lose of confidence' in this stock. However, chart 1 has showed a clear strength within its adjustment range. It hits it peak of .740, retracing .720, before further sells down on .700 - .690 range. 

I've remained constant that this counter is undervalued, better than ever. What made it undervalued? Rumors. 

 

SHARE PRICE CATALYST

Malaysian Resources Corporation Berhad (MRCB) is not a political-related company like the rumours have said. MRCB is currently waiting these announcement before the share price escalates to meet at least R3, or probably higher, quoting UOBKayHian research target of RM 1.36. 

Noted as high impact (Higher than 10% price change from LTP):

1. Official approval of LRT 3
2. Official approval of MRT 2. As of writing more than 30% of this project has been completed. 
3. Sale of EDL. http://www.thesundaily.my/news/2018/05/21/mrcb-no-significant-impact-change-government

Mid impact (Lower than 10% price change from LTP):
1. 
Official approval of HSR. https://www.thestar.com.my/business/business-news/2017/11/29/gamuda-teams-up-with-mrcb-for-hsr/
2. Sale of completition of Bukit Jalil Project. 
https://www.thestar.com.my/business/business-news/2018/03/27/mrcb-land-bags-rm11bil-job-to-manage-bukit-jalil-project/

Here's my previous chart to show how undervalued this share price right now. As of writing, the price has a LTP of 0.695 per unit. 


Still not a gold quarry for you to start mining? It depends on you. 
If you choose to believe with rumors, it depends on you. 
But, I choose to believe with various experts from research bank, track records and management stability.

- End
Previous entry: 
https://klse.i3investor.com/blogs/MRCBanalysis/165258.jsp
 

 

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Labels: MRCB

Related Stocks

Chart Stock Name Last Change Volume 
MRCB 0.775 -0.02 (2.52%) 77,454,000 

  Be the first to like this.
 
Jon Choivo Let me illustrate this post with a story.

A man piloting a hot-air balloon discovered he had travelled far off course.

He took the balloon down to a lower altitude, where he saw that he was above an office building. A man outside the building saw the balloonist and waved.

The balloonist shouted, “Excuse me, can you tell me where I am?”

The man yelled back, “You’re in a hot-air balloon, about 150 feet above the headquarters of this investment bank.”

The balloonist replied, “You must be a forecaster at the investment bank, then.”

Obviously surprised, the man said, “Yes, I am! How did you know that?”

“Well,” said the balloonist, “what you told me is technically correct, but it is of no use to anyone.”

This goes for technical analyst as well.
14/07/2018 21:27
Ahza Adhwa Zulkepli Oh, well. The balloonist didn't specifically asked the man his purpose. But at least, the man has answered his question about his location. Technical analyst only provide the details. It is up to the investor to choose whether to take it or not.
14/07/2018 21:56
snwong13 .
Agreed AAZ
Investors have a choice after digesting all news read!
15/07/2018 07:07
SALAM Flying to mine for gold in Timbuktu
16/07/2018 11:45
Ron90 only time will tell. just wait for another month, the most i guess. All construction issue will be settle, even with singapore and china.
17/07/2018 06:53


 

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