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160 comment(s). Last comment by Antagantz at Nov 5, 2019 5:14 PM
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raymondlim
153 posts

Posted by raymondlim > Apr 2, 2018 11:38 PM | Report Abuse

The bull died


Rajapu
6 posts

Posted by Rajapu > Apr 11, 2018 11:30 AM | Report Abuse

coma? worth reviving this?


raymondlim
153 posts

Posted by raymondlim > Apr 13, 2018 7:53 AM | Report Abuse

How to?


Rajapu
6 posts

Posted by Rajapu > Apr 13, 2018 7:02 PM | Report Abuse

Better watch a boring movie


raymondlim
153 posts

Posted by raymondlim > May 16, 2018 12:37 AM | Report Abuse

Komidi


commonsense
474 posts

Posted by commonsense > Mar 21, 2019 12:57 PM | Report Abuse

This is a property developer company that has never been able to deliver any profit for the past 9 years since 2010. Those that think the company could suddenly turnaround and deliver profit in FY19 is putting too much hope on the company’s management ability. The most probable outcome would be another loss year for 2019.

The company is also facing liquidity issues. They have a short-term liability of RM113mil but only RM13mil of cash reserve. Unless the company can sell some of their lands quickly, the most likely event would be an equity capital raising (private placement or right issues).

If you are looking to hedge your portfolio outside of WMG Holdings (due to its weak earnings outlook and also weak balance sheet), I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp)

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.5x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.

FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).

MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.4x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.

Good luck.


saltedbarracuda
13 posts

Posted by saltedbarracuda > Jul 10, 2019 6:37 AM | Report Abuse

comatose stage


Pc Tan
231 posts

Posted by Pc Tan > Oct 10, 2019 8:01 PM | Report Abuse

buy plus?


ibull
48 posts

Posted by ibull > Nov 5, 2019 4:34 PM | Report Abuse

apa cerita?......up 3 sen


Antagantz
35 posts

Posted by Antagantz > Nov 5, 2019 5:14 PM | Report Abuse

I smell something, someone cooking good soup today .

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