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KLSE: MBMR       MBM RESOURCES BHD
Last Price Avg Target Price   Upside/Downside Price Call
2.96 3.66     +0.70 (23.65%)
* 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
19/07/2019 2.93 3.45 +0.52 (17.75%) BUY KENANGA Price Target News
04/07/2019 2.94 3.45 +0.51 (17.35%) BUY KENANGA Price Target News
24/06/2019 2.90 3.45 +0.55 (18.97%) BUY KENANGA Price Target News
20/06/2019 2.90 4.05 +1.15 (39.66%) BUY AmInvest Price Target News
04/06/2019 2.91 3.45 +0.54 (18.56%) BUY KENANGA Price Target News
30/05/2019 2.90 4.00 +1.10 (37.93%) BUY HLG Price Target News
27/05/2019 2.93 3.50 +0.57 (19.45%) BUY Rakuten Price Target News
24/05/2019 2.85 4.20 +1.35 (47.37%) BUY MIDF Price Target News
24/05/2019 2.85 3.41 +0.56 (19.65%) BUY AmInvest Price Target News
24/05/2019 2.85 4.08 +1.23 (43.16%) BUY AffinHwang Price Target News
22/04/2019 2.99 3.45 +0.46 (15.38%) BUY KENANGA Price Target News
04/03/2019 2.74 4.20 +1.46 (53.28%) BUY MIDF Price Target News
04/03/2019 2.74 3.55 +0.81 (29.56%) BUY HLG Price Target News
04/03/2019 2.74 3.48 +0.74 (27.01%) BUY AmInvest Price Target News
28/02/2019 2.70 3.80 +1.10 (40.74%) BUY MIDF Price Target News
28/02/2019 2.70 3.45 +0.75 (27.78%) BUY KENANGA Price Target News
28/02/2019 2.70 3.48 +0.78 (28.89%) BUY AmInvest Price Target News
27/02/2019 2.60 3.70 +1.10 (42.31%) BUY Affin Hwang Capital Price Target News
22/01/2019 2.60 3.80 +1.20 (46.15%) BUY MIDF Price Target News
22/01/2019 2.60 2.90 +0.30 (11.54%) BUY KENANGA Price Target News
22/01/2019 2.60 3.42 +0.82 (31.54%) BUY AmInvest Price Target News


Price Target Research Article/News (past 6 months)
19/07/2019  KENANGA Automotive - Absence of Festivities and Shorter Working Month
04/07/2019  KENANGA Automotive - National Marques’ Affirming the Lead
24/06/2019  KENANGA Automotive - Hari Raya Aidilfitri Boosted May Sales
20/06/2019  AmInvest MBM Resources - Bye-bye OMI Alloy
04/06/2019  KENANGA 1QCY19 Results Review - Stronger Catalysts Needed
30/05/2019  HLG MBM Resources - Leveraging on Perodua
27/05/2019  Rakuten MBM Resources Bhd - Gearing up
24/05/2019  MIDF MBM Resources - Shifting Into Gear
24/05/2019  AmInvest MBM Resources - Lower losses in alloy wheel segment
24/05/2019  AffinHwang MBM Resources - a Solid Set of Earnings, Maintain BUY
22/04/2019  KENANGA Automotive - Closing Quarter Race
04/03/2019  MIDF MBM Resources - Speeding on
04/03/2019  HLG MBM Resources - Sustainable Perodua Contribution
04/03/2019  AmInvest MBM Resources - Sea change ahead
28/02/2019  MIDF MBM Resources - Strong Outperformance
28/02/2019  KENANGA MBM Resources Bhd - FY18 Boosted by Stronger Associates
28/02/2019  AmInvest MBM Resources - Closing a strong year
27/02/2019  Affin Hwang Capital MBM Resources - Results Ahead of Expectations; Maintain BUY
22/01/2019  MIDF MBM Resources - Exiting Loss Making Alloy Wheel Business
22/01/2019  KENANGA MBM Resources Bhd - Looking for a Buyer for Its Alloy Wheel Plant?
22/01/2019  AmInvest MBM-Resources - Changing plans for OMI



  leno likes this.
 
commonsense Hi mike,

I dont actually see the value in the exercise that u are proposing here. I think people already did a competition on that in i3 ( but most of the invitation are for promenant/ famous forumer). I did not get the invitation.

That being said, if u are looking for potential investment candidates for ur portfolio, i would suggest the following:

1) MBMR for the reasons mentionned earlier in my post. There is an update from this morning agm. Will share it if no one else have done yet later.

2) Lii Hen. Furniture stock that might proof to be a beneficiaries of the US China trade war as US furniture business will look to diversify their supply chain outside of china. As of 2018 China represent 65% (or around usd20 bil of us furniture import. Tariff on china furniture was raised to 25% from 10% earlier this month). 1q19 growth still have yet to show the potential affect of the US diversification. Most of the growth was mainly from usd appreciation. Expecting sales in usd term to start growing in 3q19. For 2q19 profit growth will still come from the strengthening of USD.
Current valuation is still cheap at only 8x pe.

3) Symlife. Property companies where the maiden profit will comes from the star residence project near KLCC. Take up rate is high. As mentioned b4, Pe is only 4.5x. Actually quit straight forward just like any other property stock. As long as the take up rate is high and projects can be deliver on time, company should be able to make money.

4) Muda Holdings. Industrial paper manufacturer. Expected increase of margin due to the fall of waste paper price which is the raw material for industrial paper. Since last year, China has been more strict in approving the type of wastepaper into the country which has resulted in the oversupply of wastpaper from Us and Europe. At the same time china had also imposed a 25% tariff on all wastepaper from US which is why wastepaper price has fallen substantially. The restrictions by China had also resulted in a lot of paper mill in china to stop or cut their production of industrial paper substantially. This increase the industrial paper price in China which resulted in other paper mills in Asia to sell their products in China instead of markets like malaysia. Given the lesser competition from overseas player, Muda will be able to sell more volume at a price that is good for the company. Current valuation is on 7x PE.

Actually mike, what is important besides the choice of the shares is maybe the reasoning. Some people might want to know why exactly you pick the stock. Maybe u can post it on the companies respective forum to share with others. Off course later there will also be some investors that would want to scrutinize on ur thesis. But isn't that whats this forum is for? I doubt u or me can affect too much on the share price of a company. Even if we promote a company like crazy, they will still fall if they fail to deliver on the result. The opposite is also true as well.

Best Regards. Good luck on ur investment.
29/05/2019 1:40 PM
commonsense Hi Guys,

Just some updates on the AGM. It was quite fast and very straight forward. Only one shareholder who asked questions ( but really good ones). Here are the summary:

1) alloy wheel business has ceased operation since yesterday. So there should be no more losses from this division starting from at least 3Q19 onwards. Investors can expect to finally see profit coming from the auto component division which was before dragged by the alloy wheels result. Expect an increase of profit by between 10 -15% for 3Q19 from the closure of alloy wheel.

2) With the decreasing of debt and steady generation of cash from operation and investments amounting to Rm150mil per annum (mostly dividend from associates and JV), the company is expected to have a steady build up of cash reserves in the future ( on top of the current cash reserve of around rm200mil). For the mean time, management has indicated that potential dividend for FY19 would most probably be higher than the 12 sen dividend in FY18. Hopefully, given the stronger balance sheet, management can reward shareholders with dividend payment that is higher than the record 18 sens paid before.

3) a shareholder highlighted to management that they should revised the company's investment properties of value form cost basis to the current market value. In the annual report (page 116) the investment properties has a value of RM59mil which is the cost paid by the company. The actual market value of the investment properties (which is actually indicated in the notes on the same page) is RM 137 mil or rm78mil more than in the balance sheet. This would mean the actual NTA for MBMR is not RM4.14 per share (as of mar 19) . The amount should be higher to reflect the true value of the investment properties. Real NTA is RM4.34 per share.

Anyway, seems like 2019 wilk be another good year for MBMR.

Best regards.
29/05/2019 2:42 PM
yongch Today free 20kfc voucher,rm7parking,free coffee or tea plus previous dividend...ok la!!!!rushing attended another 10 more AGM...really time is money!!!
29/05/2019 3:53 PM
Op3rs thx common sense :)
29/05/2019 5:13 PM
Mike Chong Proton suv hit purchases 30000 unit . April sales lower , May sales ?
03/06/2019 8:34 AM
Mike Chong Aruz order book is 25000 unit.
03/06/2019 5:23 PM
Sebastian Sted Power https://www.youtube.com/watch?v=TBvwnzDI5zQ

watch from 1:58 onwards
04/06/2019 1:25 AM
Mike Chong New Persona with AI...??
07/06/2019 2:09 PM
GLNT EPF please continue to sell more! Thanks!
11/06/2019 3:14 PM
Sebastian Sted Power sold half of my holding change to Proton X70. Fair fair because my house got one Aruz, another one X70. Share holding also need 50-50
11/06/2019 3:59 PM
Mike Chong X70 will bring u X50....
12/06/2019 8:43 AM
Mike Chong What happen drbhcom and bauto up ....
13/06/2019 9:49 AM
OhYES bauto achieve higher profit and declare 10.5 sen huge dividends.
13/06/2019 11:07 AM
Sebastian Sted Power MBMR better 6cents div, but today ex-DIV still stable. Mean 6cents free in pocket
13/06/2019 5:00 PM
Mike Chong Post removed. Why?
17/06/2019 10:31 AM
Hafid Hino Motors has been in Malaysia for 40 years and is Japan’s oldest motor vehicle manufacturer, with its trucks and buses marketed in over 70 countries worldwide.

So how is Hino maneuvering the rapid changes in the transportation sector?

We speak to Hino Malaysia's newly minted Managing Director Atsushi Uchiyama, on the companies longstanding presence in Malaysia as well as its future plans for growth.
19/06/2019 4:49 PM
Mike Chong Post removed. Why?
23/06/2019 11:31 AM
Mike_chong Post removed. Why?
28/06/2019 6:12 AM
Mike_chong Post removed. Why?
28/06/2019 12:55 PM
Mike Chong Same like con man in netx....
29/06/2019 2:02 PM
Mike Chong Black face and white face again.....
01/07/2019 9:11 AM
Sebastian Sted Power 11 June I have sold half of my mbmr holding to drb. Surprisinglyfrom less than a month already gain 10% while mbmr price still no movement at 2.90 like that
03/07/2019 9:09 AM
Mike Chong Post removed. Why?
03/07/2019 9:50 AM
Mike Chong Sebastian, congrate to u , drb now up 7 cent , seems will bring u x50...
03/07/2019 11:45 AM
Sebastian Sted Power most funny is both entry price for mbmr and drb is same at 2.15
04/07/2019 8:20 AM
Icon8888 I dumb dumb hold

Dumb people like me only knows dumb dumb hold

Not like mike Chong so clever
04/07/2019 8:25 AM
anticon Posted by Icon8888 > Jul 4, 2019 8:25 AM | Report Abuse

I dumb dumb hold

Dumb people like me only knows dumb dumb hold

Not like mike Chong so clever



You scumbag conman Icon8888 say you dumb dumb hold, my foot, even for half a cent gain you will sell and cabut. Friends, don't believe this conman & scumbag Icon888 as I caught him a number of times curi curi sell at half a cent again when all the time he con members saying that it will rise by how much. This conman Icon8888 is a real scumbag indeed. Never trust him as alot of members already scold him for cheating them. BTW, this conman scumbag Icon888 uses more than 20 alias or false accounts here, just beware of him as a reminder.
04/07/2019 8:34 AM
Mike Chong Wah Sebastian, you r better than commonsense lo, I think he is shy away from u . When u bought mbmr?
04/07/2019 9:53 AM
Mike Chong Sebastian, the most funny is your comment on 5/3/19, entry price at 2.60:

Sebastian Sted Power RM2.60 here I come. I'm perodua lover
05/03/2019 4:47 PM

Ha ha , all these are commonsense black and white face with so many alias name to remove others info comments.sebastian , icon8888, hafid???
04/07/2019 11:02 AM
Mike Chong Very funny lo... got buy or not ....not to con traders....
04/07/2019 12:24 PM
Sebastian Sted Power Walao! You like me say me. march 2019 is second time. Early early bought before that dontmakesense

You can go check at other forum I also condemn that dontmakesense go here and there promote
04/07/2019 3:44 PM
Sebastian Sted Power If I liar then quick quick hide under blanket liao. Dont come blow with you
04/07/2019 3:48 PM
Sebastian Sted Power Are you sure we are referring to the real ICON8888? I found the is 1CON8888, iCON8888, IC0N8888
04/07/2019 3:50 PM
Sebastian Sted Power Dear Mr XXX,

This is to inform you of your cash dividend entitlement with details as follows:

Account No. 1001XXXX
Stock Name MBM RESOURCES
Cash Dividend (RM) XXXXX
Please note that the above dividend will be credited to the cash position of your account by the end of the day.

Should you require further assistance, please call our Customer Service Representatives during office hours or email us at customerservice@rakutentrade.my.
04/07/2019 4:56 PM
Richard Lee TOP 4 in this forum:

1- mike chong
2- icon
3- common
4- Sebastian

sound like all of you are major shareholder
04/07/2019 7:56 PM
Mike Chong Wah Sebastian your old friend Ruchard Lee follow you, can ask what share he bought?? I scare he P.E.C.C.i.b.a.i again.....
04/07/2019 9:06 PM
Mike Chong Sebastian, pls ask nicely as Ruchard Lee only major shareholder will comments, don’t waste his precious time......
04/07/2019 9:15 PM
Sebastian Sted Power maybe I shall follow you all in NETX. Easily can double triple profits
05/07/2019 2:19 AM
James Ng https://klse.i3investor.com/blogs/general/213922.jsp
[转贴] [MBM RESOURCES BHD:更高的表现得益于对Perodua车辆的良好需求,特别是对Myvi和Axia车型的需求,以及自2018年11月推出以来引起了人们浓厚兴趣的Perodua Aruz的补充] - James的股票投资James Share Investing
06/07/2019 10:12 AM
Richard Lee Muke, you talk so much got earn a single cent?
08/07/2019 8:02 AM
Mike Chong Ruchard 你,why u envy meh? Cool down if make loss.....
08/07/2019 8:44 AM
RogerTan901111 https://www.thestar.com.my/business/business-news/2019/07/12/revamp-in---mbm-resources-board-of-directors/
12/07/2019 8:30 AM
Mike Chong Meaning major shareholder won, commonsense any comments?
12/07/2019 11:17 AM
yongch Hahaha...since given up alloy wheels business stop bleeding most vehicles hit highest sales record hold more cash spend big given dividend all shareholders plus sponsored all branches managers overseas trip...more more positive news coming!!!!tp 3.30 definitely will b hit hope for the best!!!!
12/07/2019 11:24 AM
Mike_chong Ha ha major shareholder want cash ....Cash is King....
12/07/2019 5:23 PM
Richard Lee Commonsense (a.k.a Aminar Rashid Salleh) is major shareholder kot. Hahaha!! Weird that Common very diam now
13/07/2019 5:31 PM
megatti_maf Common might be the EPF fund manager who is on Switzerland holiday now. Bilis dont be hatin
15/07/2019 7:13 PM
Sebastian Sted Power Common takut Mike liao. Hide so long

Anyway, let read what CEO talk today on half year performance. Its look good

https://www.thestar.com.my/business/business-news/2019/07/17/perodua-revises-upwards-sales-target-to-235000-units/
17/07/2019 3:21 PM
keithtrade EPF keep selling
22/07/2019 3:32 PM
Sebastian Sted Power EPF also dumping TM but end up bought back at higher price
22/07/2019 4:46 PM


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