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KLSE: MBMR       MBM RESOURCES BHD
Last Price Avg Target Price   Upside/Downside Price Call
3.19 4.12     +0.93 (29.15%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
24/05/2022 3.25 3.38 +0.13 (4.00%) HOLD RHB-OSK Price Target News
24/05/2022 3.25 4.80 +1.55 (47.69%) BUY HLG Price Target News
24/05/2022 3.25 4.55 +1.30 (40.00%) BUY AmInvest Price Target News
28/04/2022 3.25 4.80 +1.55 (47.69%) BUY HLG Price Target News
27/04/2022 3.24 3.38 +0.14 (4.32%) HOLD RHB-OSK Price Target News
06/04/2022 3.26 3.50 +0.24 (7.36%) BUY KENANGA Price Target News
23/03/2022 3.35 4.55 +1.20 (35.82%) BUY AmInvest Price Target News
10/03/2022 3.32 4.55 +1.23 (37.05%) BUY AmInvest Price Target News
03/03/2022 3.23 4.00 +0.77 (23.84%) BUY RHB-OSK Price Target News
03/03/2022 3.24 3.50 +0.26 (8.02%) BUY KENANGA Price Target News
02/03/2022 3.24 3.30 +0.06 (1.85%) BUY KENANGA Price Target News
02/03/2022 3.24 4.80 +1.56 (48.15%) BUY HLG Price Target News
28/02/2022 3.22 3.50 +0.28 (8.70%) BUY KENANGA Price Target News
28/02/2022 3.22 4.80 +1.58 (49.07%) BUY HLG Price Target News
28/02/2022 3.22 4.55 +1.33 (41.30%) BUY AmInvest Price Target News
23/02/2022 3.16 4.80 +1.64 (51.90%) BUY HLG Price Target News
14/02/2022 3.10 4.50 +1.40 (45.16%) BUY AmInvest Price Target News
24/01/2022 3.18 4.80 +1.62 (50.94%) BUY HLG Price Target News
05/01/2022 3.16 4.80 +1.64 (51.90%) BUY HLG Price Target News
29/12/2021 3.11 3.50 +0.39 (12.54%) BUY KENANGA Price Target News
22/12/2021 3.16 4.80 +1.64 (51.90%) BUY HLG Price Target News
25/11/2021 3.18 3.50 +0.32 (10.06%) BUY KENANGA Price Target News
25/11/2021 3.18 4.80 +1.62 (50.94%) BUY HLG Price Target News
23/11/2021 3.22 4.80 +1.58 (49.07%) BUY HLG Price Target News
05/10/2021 3.20 3.50 +0.30 (9.38%) BUY KENANGA Price Target News
23/09/2021 3.15 4.80 +1.65 (52.38%) BUY HLG Price Target News
27/08/2021 3.24 4.80 +1.56 (48.15%) BUY HLG Price Target News
26/08/2021 3.26 3.50 +0.24 (7.36%) BUY KENANGA Price Target News
26/08/2021 3.26 4.80 +1.54 (47.24%) BUY HLG Price Target News
19/07/2021 3.14 4.51 +1.37 (43.63%) BUY AmInvest Price Target News
08/07/2021 3.18 5.20 +2.02 (63.52%) BUY HLG Price Target News
05/07/2021 3.14 3.50 +0.36 (11.46%) BUY KENANGA Price Target News
22/06/2021 3.26 3.50 +0.24 (7.36%) BUY KENANGA Price Target News
22/06/2021 3.26 5.20 +1.94 (59.51%) BUY HLG Price Target News
14/06/2021 3.40 5.20 +1.80 (52.94%) BUY HLG Price Target News
08/06/2021 3.35 5.20 +1.85 (55.22%) BUY HLG Price Target News
03/06/2021 3.30 5.20 +1.90 (57.58%) BUY HLG Price Target News
31/05/2021 3.23 3.50 +0.27 (8.36%) BUY KENANGA Price Target News


Price Target Research Article/News (past 6 months)
24/05/2022  RHB-OSK Auto & Autoparts - Persistent Shortage of Components; NEUTRAL
24/05/2022  HLG Automotive - Apr 2022: Affected by Supply Chain Woes
24/05/2022  AmInvest Rep20220524_Automobile-Sector-220524.pdf
28/04/2022  HLG Automotive - Mar 2022: A New Record Month
27/04/2022  RHB-OSK Auto & Autoparts - Record High Monthly TIV
06/04/2022  KENANGA Automotive - Speeding Towards the June Finish Line
23/03/2022  AmInvest Automobile - TIV gaining momentum
10/03/2022  AmInvest Automobile - Capping 2021 with a strong 4Q performance
03/03/2022  RHB-OSK Auto & Autoparts - a Much-Needed Shot in the Arm
03/03/2022  KENANGA 4QCY21 Results Review - A Stronger Quarter
02/03/2022  KENANGA 4QCY21 Results Review - A Stronger Quarter
02/03/2022  HLG MBM Resources - Record Dividend Incoming
28/02/2022  KENANGA MBM Resources Bhd - FY21 Above Expectations
28/02/2022  HLG MBM Resources - Expect Strong Earnings in FY22
28/02/2022  AmInvest MBM Resources - Ativa drives 4Q21 earnings to record high
23/02/2022  HLG Automotive - A Slow Start for 2022
14/02/2022  AmInvest MBM Resources - All-new Alza – Perodua’s next golden goose?
24/01/2022  HLG Automotive - Strong Finishing for 2021
05/01/2022  HLG Automotive - A Tale of 2 Halves
29/12/2021  KENANGA Automotive - Driven by New Models and SST Exemption
22/12/2021  HLG Automotive - Nov Shows Retracement MoM
25/11/2021  KENANGA MBM Resources Bhd - 9MFY21 Below Expectations
25/11/2021  HLG MBM Resources - Expect a Strong Rebound in the Final Quarter
23/11/2021  HLG Automotive - Oct Shows Strong Rebound
05/10/2021  KENANGA Automotive - Speeding Up on Economy Re-Opening
23/09/2021  HLG Automotive - Aug – MoM Recovery With Relaxations in Place
27/08/2021  HLG MBM Resources - Banking on Stronger 2HFY21
26/08/2021  KENANGA MBM Resources Bhd - 1HFY21 Within Our Expectation
26/08/2021  HLG MBM Resources - Expecting a Stronger 2HFY21
19/07/2021  AmInvest Automobile - Operating conditions to improve post-lockdown
08/07/2021  HLG Automotive - SST exemption the saving grace
05/07/2021  KENANGA Automotive - Driving Through the Lockdown
22/06/2021  KENANGA Automotive - Chip Shortage, Lockdown Restraint
22/06/2021  HLG Automotive - May-YTD Growth Driven by Low Base Effect
14/06/2021  HLG Traders Brief - FMCO extension to undermine sentiment
08/06/2021  HLG Traders Brief - Extended consolidation as investors gauge local Covid- 19 cases, vaccination progress, and US May CPI data
03/06/2021  HLG MBM Resources - Leverage to SST Exemption
31/05/2021  KENANGA Automotive - Locked Out of Sales in June, SST Exemption Extended?



  leno likes this.
 
Bgt 9963 Post removed. Why?
22/07/2021 4:37 PM
PenangLang9180 https://www.theedgemarkets.com/article/auto-sales-shrank-1921-units-june-maa-trims-tiv-forecast

Malaysia's Automotive Association (MAA) reduced Total Industry Volume (TIV) Forecast
23/07/2021 5:13 PM
Dakewlest Thinking of buying. Any thoughts, anyone?
24/07/2021 2:24 AM
Bgt 9963 Post removed. Why?
24/07/2021 10:34 AM
idunwork https://keyauto.my/2021/07/24/maa-announce-june-sales-report/
25/07/2021 12:36 PM
RaksasaKambing Depends on your needs and investment strategy. This is the 'buy and then close eye' type of counter. Not very volatile, backed up by high NTA, pays you dividends. The next quarter report will be good but subsequent quarter not good due to FMCO, but you can expect a bounce back in Q4 of this year and Q1-2 of next year. Most likely the SST holiday will be extended yet again. Current entry price is reasonable.
27/07/2021 10:08 AM
lamdba Seems like a good bargain now...
06/08/2021 12:14 AM
Bgt 9963 Post removed. Why?
06/08/2021 8:51 AM
Hafid economy so bad where got people buy car.
06/08/2021 3:12 PM
tailangong No people buy car but got people maintain car ma..major downturn is due to foreign investors all run la. Our political situation so worse,
11/08/2021 11:13 PM
Bgt 9963 Post removed. Why?
12/08/2021 7:58 AM
EatCoconutCanWin Ppl already suffer covid, no money, no eat, no income, all loan. Buy car for what, siao meh. Last time can buy new car as want to show off during cny , raya or Christmas. Now no die of covid can d. Impossible august got selling 6000+ car , this info really misleading. I didn't see new plate on car. TP 1.50
04/09/2021 9:34 AM
PenangLang9180 EatCoconutCanWin Perodua reduced its sales target to 214k from 250k previously for FY2021 it's lower than 2018 (227k),2019 (240k) and 2020 (220k) historical sales but still higher than my expected sales given that they have been facing chip shortage and shut down of production plants and showroom.

In many places of Malaysia including KL and Selangor, personal vehicle is a neccessity and Perodua offers the most affordable cars starting at 30k and with 7-yeras loan, monthly payment is less than RM600 for the cheapest AT Axia and slightly under RM650 for the cheapest AT Bezza.

Of course you could argue that 2nd hand cars and motorcycle is another option, but they serve a different group consumers most of the time. I think bad economy not a major concern to Perodua sales, since given the adverse economic prospect Perodua is expected to eats up marketshare from more premium foreign brands as well.
04/09/2021 10:22 AM
RaksasaKambing The hierarchy is (generally) as such: used vehicles -> national vehicles -> Japanese/Korean -> Continental -> Luxury. What we find is that a lot of the middle class people who usually buy Japanese are more likely to drop down to national vehicles for cost savings.

Proton is the main competitor to Perodua in the lower segments (Saga vs Bezza, Myvi vs Iriz) but we find that their new Geely-based products like X50 and X70 are more like eating up the upper tier Japanese and Conti sales (e.g. buy X70 instead of CX-5, X1 or CR-V), rather than eating up Perodua sales. So we just compare la, between the Perodua and Proton of similar segment:

Axia vs No competitor (Axia win)
Bezza vs Saga (Even. Bezza more popular for fuel economy & higher tech, Saga cheaper and better handling)
Myvi vs Iriz (this one I don't need to say).
No competitor vs Persona (Persona win)
Exora vs Alza (Exora wins by a bit, but both models are going to be phased out. Aruz much more expensive than both, currently no competitor).

Look at the sales figures you can see Proton good sales is Saga and Persona, by a lot. Perodua on the other hand has high sales for Axia and Myvi, commendable sales for Bezza and Aruz. Ativa occupies a unique segment in the market and it's hard to say how much overall it will contribute, but the sales so far have been good la.

Perodua's order book is full till the end of the year. Their focus is on production now. Any new bookings must come next year liao. Laku or not?
04/09/2021 1:16 PM
investortrader88 Just noticed my queue buy matched RM 3.15.good luck guys
21/09/2021 2:32 PM
planta Good buy there. This counter just buy and close eyes to collect dividends
05/10/2021 5:21 PM
Starship2 Gives good dividends for the third (sept) and fourth quarters (dec) based on past records. Also it has high net tangible assets and eps relative to the price..Most of the shareholders are institutions including a number of public bank unit trusts.. The shares are being tightly held could be one reason why the stock has low volatility...and does not move much..
25/10/2021 10:58 AM
JJPTR solid, and steady in spite of red red sea last few days.
996 counters downtoday
26/11/2021 4:49 PM
planta After flood, I expect more ppl to buy car. Waiting price to spike
07/01/2022 9:12 AM
keithtrade Perodua have a full order book already. Some supply chain problems still but suspect Q4 2021 will be good and Q1 2022 very good so price should keep moving up, maybe 4.00 later this year.
08/01/2022 4:23 PM
alibiii fantastic result and 15c divident
25/02/2022 5:56 PM
alibiii chances are there will be another final dividend in April/May
25/02/2022 6:05 PM
choong18 seem like combine two qty together as last qty unable deliver car. Anyhow, gd result.
25/02/2022 6:14 PM
investortrader88 https://www.theedgemarkets.com/article/mbm-resources-declares-15-sen-dividend-4q-net-profit-surges-52-yoy
25/02/2022 8:04 PM
SincereStock reentered this counter at RM3.24. Amazed by it's latest QR and dividend ^_^
01/03/2022 6:01 PM
Dakewlest Any chance for final dividend?
15/03/2022 1:17 AM
SincereStock @Dakewlest yes of course with good EPS and final dividend has been consistent since 2019
15/03/2022 10:37 AM
SincereStock taken profit half of my MBMR shares today, so glad to be able to get free 15sen dividend plus a little more bonuses capital gain ^_^ hope the price keep going up for the rest of my shares
16/03/2022 4:23 PM
All_in_2021 any good news? suddenly up so much and active
18/03/2022 5:33 PM
SincereStock @all_in_2021 late responses of fundamental / good QR only. anyway not really up too much, still got a lot of space as this company definitely worth at least it's NTA
21/03/2022 1:07 PM
SincereStock it is no brainer to enter right after the latest QR announcement while the price hasn't start moving up that time because price moving up is imminent without any other influences
21/03/2022 1:09 PM
All_in_2021 gogogo..time to show ur true capabilities
21/03/2022 6:53 PM
valuewood11 Why drop
30/03/2022 6:35 PM
SincereStock @valuewood11, drop no need reason punya, every fundamental good company also can drop, that's why need lock profit from time to time, reenter only if dropped to certain point
30/03/2022 6:45 PM
pang72 Good company always drop for good investor to buy.
SIMPLE MAH!!
02/04/2022 12:39 PM
SincereStock @pang72 exactly, will top up more once it dropped to me TP
02/04/2022 3:37 PM
keithtrade Fundamentaly very cheap at current price
02/04/2022 3:54 PM
cn21 current sales tax (SST) exemption for new vehicles is extended until June 30, 2022. Thereafter, TIV will be reduced...
04/04/2022 4:16 PM
faridfet you are right cn21, prospects continued strong demand for vehicles supported by favorable interest rates & continuation of sales tax exemption until 30 June 2022 plus with the weakening of the JPY currency will benefit MBMR which company have some imported content exposure to the Yen, but its model are highly localised in general. However, MBMR still could benefit from the strengthening of the ringgit, through their equity stakes as the automaker would enjoy lower landed costs in ringgit terms.

The demand for Perodua cars also remains healthy with most of its models having longer than a two-month waiting period. Perodua said this is a good sign of their sales.

Not to mentioned, Perodua is aiming to revamp its dealership network by double the numbers of its 3S (sales, services, and spare parts) outlets within this 4 years. This should further strengthen Perodua’s after-sales service and branding.

So just relax and stay the sweet journey of MBMR for this 2022, atleast enjoy the next quarter report because SST exemption has been extended until 30 June 2022.
04/04/2022 11:12 PM
faridfet News on 5th April 2022:
Perodua registered sales of 61,624 vehicles in the first quarter of the year, a 6.4% jump from 57,909 vehicles in the same period in 2021.

Sales in March alone jumped 9.5% year-on-year to 26.759 vehicles compared with February 2022.

According to Perodua president and CEO Datuk Zainal Abidin Ahmad, the auto company was able to work with its suppliers and dealers to less the impact of Covid-19 and component supply issues.

Our focus is now to expedite the vehicles delivery to our customers before the sales tax exemption deadline ends on 30 June 2022.

Perodua also echoes MAA’s (Malaysia Automotive Association) request to further extend the sales tax exemption as factors such as the global semiconductor supply disruption and Covid-19 cases are still impacting the industry.

He added that the government's sales tax exemption helped to keep demand high and sustain the industry.

Moving forward, Zainal said the second quarter of 2022 will be the highlight of the automotive industry as brands will deliver as many vehicles as possible within the three-month period.

We do not foresee other factors such as the conflict between Russia and Ukraine to have a major impact on Perodua’s production moving forward.

https://www.thestar.com.my/business/business-news/2022/04/05/perodua-sales-rise-64-to-61624-units-in-1q0392022
05/04/2022 11:47 AM
faridfet MBMR will skyrocket until 30 June 2022. Still have a lot of time. Cheers mate.
05/04/2022 11:49 AM
faridfet -EPF acquired 200,000 MBMR shares on 31-Mar-2022.
-EPF acquired 147,600 MBMR shares on 31-Mar-2022.
-EPF acquired 146,000 MBMR shares on 30-Mar-2022.
-EPF acquired 143,600 MBMR shares on 29-Mar-2022.

huat ah 888!
05/04/2022 8:19 PM
faridfet Good news for MBMR 11 April 2022:
Malaysia's wholesale, retail trade sales up 8.5% to RM117.2bil in Feb 2022

Malaysia’s wholesale and retail trade sales increased by 8.5 per cent year-on-year (y-o-y) to RM117.2 billion in February 2022, according to the Department of Statistics Malaysia (DOSM).

Vehicles sector had expanded by 12.5 per cent or RM1.4 billion to RM12.5 billion in February 2022, attributed to sales of vehicles parts and accessories which increased 27 per cent to RM3.5 billion.

The expansion was also supported by the growth in maintenance and repair of vehicles (+27.3 per cent), sales of vehicles (+3.3 per cent), as well as sales, maintenance and repair of motorcycles (+5.1 per cent).

https://www.thestar.com.my/business/business-news/2022/04/11/malaysia039s-wholesale-retail-trade-sale-up-85-to-rm1172bil-in-feb-2022
12/04/2022 12:29 PM
faridfet News on 13 April 2022:
Perodua’s sales increased to 26,759 units in March 2022, 54% higher than the 17,421 units registered in the previous month February 2022.

In the first quarter of 2022, Perodua sold 61,624 units, 6% higher than the 57,909 units registered in the same period of 2021. As a result, Perodua had achieved 25% of its sales target for the year of 247,800 units.

Its top-selling models in the first quarter of the year were the recently face-lifted Myvi, followed by the Axia and Bezza. The group was pleased with the improved sales registered by Perodua in March 2022.
13/04/2022 11:50 AM
faridfet News on 22 April 2022:

Vehicles sales up 12.7% to 73,222 units in March 2022

Source: https://www.thestar.com.my/business/business-news/2022/04/22/vehicle-sales-up-127-to-73222-units-in-march#openShareModal

General sentiment on MBMR’s sector is nice….
23/04/2022 8:40 AM
keithtrade Yes and final dividend should be announced next week.
23/04/2022 10:55 AM
All_in_2021 What's the prospect after SST exemption ends? that will be the questions. No doubt business will be good until June.
24/04/2022 1:11 PM
faridfet Mr All_in_2021. Malaysian Automotive Association (MAA) said the government is now considering to extend the sales and service tax (SST) exemption after 30 June 2022. MAA has made an appeal letter to request for the extension from the Ministry of Finance, which will be sent after the AGM :)
24/04/2022 2:28 PM
SincereStock sold all of my remaining MBMR, QR expectation isn't good by comparing to QR of the same industry
25/05/2022 9:14 AM
Prosper05 QR is good!! EPS@22.85
25/05/2022 9:05 PM

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