Highlights
KLSE: MUDAJYA (5085)       MUDAJAYA GROUP BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.535   0.00 (0.00%)  0.00 - 0.00  0
Analyze this stock with MQ Trader system

Overview

Market Cap: 324 Million
NOSH: 605 Million
Avg Volume (4 weeks):16,696,721
4 Weeks Range:0.38 - 0.555
4 Weeks Price Volatility (%):
96.40%
52 Weeks Range:0.18 - 0.555
52 Weeks Price Volatility (%):
96.40%
Average Price Target: 1.20
Price Target Upside/Downside: +0.665
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2019 [#3]  |  29-Nov-2019
Next QR | Est. Ann. Date: 31-Dec-2019  |  28-Feb-2020
T4Q P/E | EY: -1.05  |  -95.18%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.2339  |  2.29
T4Q NP Margin | ROE: -74.30%  |  -217.75%

Headlines

Date Subject
11-Jan-2020 成荣集团挑战55仙/敏源
18-Dec-2019 Construction - Reviving HSR
10-Dec-2019 Trading Stocks - Mudajaya Group
05-Dec-2019 Stocks on Radar - Mudajaya Group (5085)
03-Dec-2019 购成荣27.5% 跃大股东‧台商郭人豪:投资好时机
02-Dec-2019 Mplus Market Pulse - 2 Dec 2019
04-Nov-2019 Mplus Market Pulse - 4 Nov 2019
31-Oct-2019 PublicInvest Research Headlines - 31 Oct 2019
31-Oct-2019 Mplus Market Pulse - 31 Oct 2019
31-Oct-2019 热门股:成荣集团上挑47仙
30-Oct-2019 [转贴] [Facebook live video:浅谈Mudajaya group bhd (MudaJya)] - James的股票投资James Share Investing
12-Jul-2019 PublicInvest Research Headlines - 12 Jul 2019
12-Jul-2019 Mplus Market Pulse - 12 Jul 2019
28-Jun-2019 Trading Stocks - Mudajaya Group
26-Mar-2019 Trading Stocks - Mudajaya Group
22-Mar-2019 PublicInvest Research Headlines - 22 Mar 2019

Business Background

Mudajaya Group Bhd is a Malaysia based company. Along with its subsidiaries, the firm operates in four reportable segments including Construction contracts, Property, Power, and Trading, and manufacturing. Construction contracts segment is engaged in undertaking engineering, constructions works and equipment procurement. Property segment develops residential and commercial properties. Power segment is engaged in the sale of power energy. And Trading and manufacturing segment is engaged in sales and manufacturing of construction-related products. It operates in Malaysia, Indonesia, India, Republic of Mauritius and Negara Brunei Darussalam. The company generates the majority of the revenue from Construction contracts segment.
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  21 people like this.
 
probability Below article is way more appropriate now:
.........................................

https://klse.i3investor.com/blogs/koonyewyinblog/2014-07-05-story55455-Mudajaya_Indian_Power_Project_Completion_Koon_Yew_Yin.jsp

Mudajaya: Indian Power Project Completion - Koon Yew Yin
Author: Koon Yew Yin | Publish date: Sat, 5 Jul 2014, 12:14 PM

Koon Yew Yin

About 7 years ago, CIMB research had a buy recommendation for Mudajaya because of the Indian power project as shown in the report below. Investors have waited for 7 years and all of them are tired and disappointed in waiting for the completion of the Indian power project. Finally the 1st unit of 360 mw will start firing in a few weeks and most likely all the 4 units of 360 mw will be operational by year end. How will this benefit investors?


What is this Indian power project?

About 40 years ago, when I was the CEO, Mudajaya built the 1st power plant called Tungku Jaffaar Poer Station, Port Dickson, Negri Sembilan, Malaysia. Subsequently Mudajaya completed 18 more power plants in Malaysia as a construction contractor. Mudajaya is a specialist in power plant construction.

But in India, Mudajaya holds 26% in an independent power producer (IPP) joint venture with an Indian partner to undertake the construction of 4 units of 360 mw coal power plant and the sale of electricity to the Indian Government.

Perhaps if I tell you some brief details of the Indian project, investors can imagine the difficulty of completing such a large project and forgive Mudajaya for the long delay.

The size: 4 units of 360 mw, totaling 1440 mw.

Cost: The total construction cost is about 1440 mw X US $ 1.5 million X 3.20 = RM 6,912 million.

Coal consumption: 1440 mw X 4,500 ton = 6,480,000 ton per year

Coal consumption cost at US $ 30 per ton = 6,480,000 X 30 X Rm 3.20 = Rm 622 million per year.

Power line construction cost: Rm 2 million per kilometer, total length required ??

Mudajaya holds 26% in this joint venture and its estimated profit is about Rm 70 million per year for 25 years which all investors have been waiting for.

The price chart shows Mudajaya share price has been depressed for many years. I believe it is due for re rating when the company makes the announcement of the completion of the Indian power project.

Mudajaya is one of my major investment holdings. I am not asking you to buy it but if you buy, you are doing at your own risk.
17/01/2020 6:09 PM
probability 4 units in operation now compared to 1 unit of 360 MW and price is 4 times lower now than when the above article came in 2014

...................

Meaning Mudajaya is 8 x times more sexier now compared to when Koon found it attractive in 2014
17/01/2020 6:14 PM
probability Mudajaya back in the black after 13 straight quarterly losses

November 29, 2019


https://www.theedgemarkets.com/article/mudajaya-back-black-after-13-straight-quarterly-losses


“Hence, no further share of losses in RKM was recognised in the current quarter,” it added.

Mudajaya has reported quarterly losses since 2QFY16, mainly dragged by its independent power plant (IPP) investment in India.

“The investment in the IPP in India via the group's 26% associate RKM continues to pose challenges to management even though all four units of the IPP development have achieved commercial operation status.

There is some reprieve for the group's balance sheet resulting from the net carrying amount of RKM in the group's books having been fully adjusted to nil from prior share of losses; hence, there is no further equity accounting for RKM losses from this quarter onwards,” said Mudajaya.

The group said it is currently working on a proposed resolution plan with its lenders, and that the conditional share sale and purchase agreement it signed for the proposed 7.07% stake disposal is pending fulfilment of certain conditions precedent.

It said to date, RKM is supplying up to 350 MW power to several power distribution companies in the State of Uttar Pradesh and has also entered into a pilot agreement for the procurement of power with PTC India Ltd for the supply of 550 MW power from Units II and II for a period of three years.

“These contracts are expected to contribute positively to RKM's results upon the eventual commencement of power sales,” Mudajaya added.
17/01/2020 6:40 PM
probability Mudajaya’s intriguing new shareholder

November 23, 2019

https://www.theedgemarkets.com/article/mudajayas-intriguing-new-shareholder

“When Kuo approached Mudajaya, he wanted to ensure the continuity of the company’s key personnel and to instil more confidence in shareholders, that was why myself and Eric were offered the stake [through Chamber Jewels]. And once the restructuring exercise is out of the way, Mudajaya’s focus will be on selling power. The power purchase agreements (PPAs) are all in place, with just some documentation left,” he says.

Mudajaya is hoping to start selling power soon from the second, third and fourth units of its coal-fired thermal power plant in India, Wong says, which is being undertaken by RKM Powergen Pvt Ltd in which Mudajaya owns an 18.93% stake. The fourth and final unit of the plant achieved its commercial operation date in March.

Mudajaya will also work on strengthening its balance sheet and reducing its gearing to a reasonable level, which could use some help from Kuo, apart from the proceeds from its private placement exercise that is expected to be completed by year-end.

“Mudajaya has done a lot of good work over the last few years. Although it was difficult, with India being a big challenge, the company is turning a corner on our India [investment] now. From there, it will be plain sailing,” Wong says.
17/01/2020 6:49 PM
probability Further,

From 2013 to 2020, the wholesale price index of electricity in India went up from 102 to 115, by 13%:

https://www.statista.com/statistics/685948/wholesale-price-index-of-electricity-india/

During the same period, the exchange rate from Indian Rupees to MYR went up from 0.052 to 0.057, by 10%

https://www.xe.com/currencycharts/?from=INR&to=MYR&view=10Y

.............

The above means Electricity price in India went up by 25% in terms of RM during the last 7 years
17/01/2020 7:38 PM
probability 4 more units of 360MW at 4 times cheaper price means...

SIXTEEN(16) × MORE ATTRACTIVE NOW!

compared to when Koon promoted on 2014 much ahead of completion

Its purely waiting to sell the electricity now..
17/01/2020 9:50 PM
Kukuman The company is so screwed. I already said so 2 years ago despite so called power plants business generating great profit soon. some idiots shamelessly promote it like no tomorrow. One of them particularly standout:

Apr 8, 2017 2:25 PM | Report Abuse
Lets track this company share since the king promoter of mudajaya aka charlessT blowng his trumpet asking all and sundry to sell jaks and buy his favorite company mudajaya. He claimed he is doing a "noble intention" !

31/3/17 RM0.985 quiet time without promoter
05/4/17 RM1.21 King promoter aka CharlessT emerged blowing trumpet asking all to sell jaks and buy his favorite stock mudajaya
06/4/17 RM1.19 King promoter continued blow his trumpet and sing the same song
07/4/17 RM1.15 suddenly the trumpet music stopped

Noble intention my foot!
17/01/2020 10:20 PM
Kukuman If it is so good, why MYR0.51 per share?

Posted by probability > Jan 17, 2020 4:56 PM | Report Abuse
at estimated 100M profit per annum by the management, its eps will be double of malakoff

due to high depreciation, free cash flow will be very good
17/01/2020 10:24 PM
probability you want me to promote when its 0.51 or when its 1.50?

timing of stock selection matters...

Jaks was 0.5 too just a few months back

what more when Mudajaya power plant is 100% completed and just waiting to sell
17/01/2020 10:37 PM
Depeche Waiting to be able to start selling power...that's in the QR...some here already took position earlier than that....also when after news of new major shareholder emerged....Mudajaya has become a promising stock with bright future...their total write off of their RKM losses and small profit in latest QR confirmed their turnaround.
17/01/2020 10:58 PM
probability (Icon) Mudajaya (2) - With Multiple Assets Maturing, Risk Is On The Upside

Author: Icon8888 | Publish date: Mon, 28 Dec 2015

http://icon8888.blogspot.com/2015/12/mudajaya-2.html

Now, we are finally seeing light at the end of the tunnel. But exactly how much profit can we expect from the IPP project ?

According to an article dated 3 March 2014 in The Star, Mudajaya's CEO expected the IPP project to contribute approximately RM70 mil to Group profit. Was he referring to EBITDA, PBT or net profit ? If I am not wrong, according to accounting standard, associate contribution is booked in at Net Profit level. As such, it is likely that the RM70 mil is referring to net profit (Accountants please chip in here).


However, there is still one loose end to be tied up. Over the past 18 months, currencies have been on a roller coaster ride. How would that affect the IPP project's contribution to Mudajaya ? The 3 March 2014 article shedded some light on this issue as well.


First of all, let's have a feel of the movement of Rupee vs Ringgit. When James Wong mentioned that Rupee was weak, it was back in March 2014. During that time, one Rupee can get you 0.053805 Ringgit.


However, in 2015, Ringgit has depreciated substantially against the Rupee (Malaysia is a net oil exporter while India is a net oil importer). As at 24 December 2015, one Rupee can buy 0.064287 Ringgit, 19% more.


There is one more hurdle to clear. India does not have a strong power equipment manufacturing industry. As such, it is likely that the IPP needs to import the equipment and parts. We have all known by now that if you import anything, you need to pay US Dollars. Bearing in mind that the Rupee has depreciated against the US Dollars, how much USD debt does the IPP have ? Will all the advantge gained from strengthening of Rupee vs Ringgit be offset by the Rupee vs USD depreciation ?

Luckily, according to the 3 March 2014 article, both the IPP's revenue and debt are denominated in Rupee.

It seemed that we have a winner - no USD adverse impact, but strong Rupee will boost profit contribution to Mudajaya. Nice.


...................

The reason management forecasted RM 100 Million is likely due to the exchange rate movement and higher tariff in India currently as explained on my postings above
18/01/2020 11:09 AM
probability Mudajaya sees ray of hope in turning around

March 11, 2019

https://www.theedgemarkets.com/article/mudajaya-sees-ray-hope-turning-around

“The outstanding challenges that remain will be to secure a PPA (power purchase agreement) for Unit IV and its associated working capital,” said Wong.

He expects further share of losses in the next two financial quarters in the Indian operation. The losses are mainly from depreciation and interest cost of the completed units but have yet to commence power sales.

“Notwithstanding this, we remain confident that the IPP project in India will generate positive results once power sales from all four units commence in the near future,” he said.


.........................

3 financial qtrs had passed now from above date..
18/01/2020 11:38 AM
probability the volume of shares changing hands last 2 months is unprecedented..never in last 10 years.

its very likely 'ini kalilah'!...

coal cost is too cheap to ignore


Posted by Alfonso > Jan 17, 2020 4:28 PM | Report Abuse

ini kali lah
18/01/2020 11:48 AM
johnny cash Do not miss this stock this time.. If you have money, doing nothing in the bank, better buy this stock... This time sky is turning clearer for this stock... Then do not sell fast, keep it.. Slowly earnings will be ok, there will be some up and downs, so be strong.. But not that bad.. This stock is very weird and funny.. Sometimes overall market is bad, but this stock will be shooting up like rocket.. Government is pump priming the whole economy and all sectors, example construction, property, telcos, and all others.. All the POSITIVE NEWS are coming out daily this days.. The latest is the Biggest NFCP project, will be announce anytime this month.. This is going to push the market for a BULL RUN.. we have to wait and see, how strong will this bull run be... So do not waste time, position yourself now in the market NOW..
18/01/2020 12:18 PM
johnny cash Pay attention also on NFCP stocks, telcos.. Who are going to be beneficiaries of this BIGGEST NFCP PROJECT which will run for 5 years... Government had located big budget money for this project.. So keep an eye on them too
18/01/2020 12:24 PM
johnny cash Mudajaya is still cheap.. So think wisely and position yourself at this early times.. Be greedy when others are in fear.. There will be up and downs, so be strong, and hav a strong faith in God
18/01/2020 12:27 PM
yoyo Between Jaks and Mudajaya, i join Mudajaya. Why? below is my own thinking and comparison of these 2 companies
Mudajaya has gone through night mare and hardship in power business so now it should be very strong player.
Another key reason is Mudajaya they really have the technical know how to build and run IPP, look at their BOD expertise background.
Without RKM investment, they are doing well with double digit margin.
18/01/2020 1:19 PM
PresidentRotiCanai A lots jaks lover come to mudajya liao
18/01/2020 8:41 PM
johnny cash Yes now many are coming back to this forum.. Good days for mudajaya if you position earlier in this stock... Scenario is Very Different Now
18/01/2020 8:47 PM
PresidentRotiCanai Price History of Mudajya
2010-RM4.00
2013-RM2.90
2017-RM1.60
End of Sep 2019-RM0.16 bottom and start to rebound
2020-RM0.510 (APA TUNGGU LAGI!!)

First time golden cross after few years
19/01/2020 12:24 AM
johnny cash Any TA expert here.. Technical analysis here,, what are the support levels for mudajaya at the moment???? What are the best entry points, at the moment for mudajaya, if want to buy??? It s good for newbie s so they won t buy expensive
19/01/2020 11:27 AM
johnny cash Any TA expert here
19/01/2020 11:28 AM
Alfonso wish mudabangla all the best, enuf of india movie, be serious now bro
20/01/2020 8:13 AM
靓女 phoon phoon sell run fast
20/01/2020 8:46 AM
therainmaker Without RKM investment, they are doing well with double digit margin. Investment has its risk. God knows India has such regulations. After impair the power plant, the company's PL looking +ve
20/01/2020 10:07 AM
Michael Kwok U see.Already up.Please read;

Mudajya(40 cents)
Michael Kwok
1188 posts
Posted by Michael Kwok > Jan 7, 2020 7:10 PM | Report Abuse X

Set as buy call 40 cent.Cut loss 35 cents if its go below after 4 pm.TP 60-70 cent(worst case scenario).
20/01/2020 11:43 AM
PresidentRotiCanai Morning move a bit, afternoon come hot again
20/01/2020 12:14 PM
Kukuman Where is the king of promoter CharlesT? He used to ask everyone include their dogs to buy when the price was around MYR1.00.. He should come out again now with more forceful promoting since the price is now double down at MYR0.52 ! Pity
20/01/2020 12:30 PM
Depeche By 2021, this stock should be over
1.00...or could be sooner...the new major shareholder has yet to secure biz for them...contracts should start rolling in from Taiwan this year plus contracts from local projects...and then there is India too.
20/01/2020 1:31 PM
PresidentRotiCanai Small kaki throw few hundred, big kaki sapu few thousands
20/01/2020 3:52 PM
STUPIDPUNCAKKPS bought mudajya 0.54...tp 0.74 after chinese new year
20/01/2020 4:52 PM
STUPIDPUNCAKKPS ecrl main contender
20/01/2020 4:52 PM
PresidentRotiCanai India power plant gogogo
20/01/2020 5:56 PM
COW666 Just ckup ajer sure ong mali
21/01/2020 6:51 AM
PresidentRotiCanai I add some more just now
21/01/2020 10:21 AM
Shareview123 Congratulations to those who have bought Mudajya @ 0.185 - 0.19 during end of Sept
2019 - beginning of Oct 2019 when some commented Mudajya was laden with huge debts and bad management. You have unrealised profits of 200 %.
21/01/2020 1:26 PM
Alfonso tesco ong mali~
21/01/2020 1:29 PM
Kukuman Still MYR0.53. If you bought MYR1 3 years ago, you are die flat.
21/01/2020 1:45 PM
PresidentRotiCanai Today retrace, 2molo up
21/01/2020 4:19 PM
PresidentRotiCanai The  Board  of  Directors  of  Mudajaya  is  pleased  to  announce  that  Mudajaya Corporation Berhad, a wholly-owned subsidiary of Mudajaya has on 21 January 2020, accepted the letter of award from Turnpike Synergy Sdn Bhd to undertake the Supply, Delivery, Installation, Testing, Commissioning and Maintenance of Street Lighting, High Mast and Traffic Light System for Project Sungai Besi – Ulu Kelang Elevated Expressway (Section B)  (“the Project”).

 

The contract sum for the Project is RM31.99 million. The Project is targeted to be completed by July 2020 with a construction period of 6 months from the date of site possession.

 

The Project is expected to contribute positively to the Group’s earnings for the financial year ending 31 December 2020.

 

Upon the award of the Project, the outstanding order book of Mudajaya as of to-date stands at RM1.4 billion.

 

None of the directors or major shareholders of Mudajaya or persons connected with them has any direct or indirect interest in the Project.

 

This announcement is dated 21 January 2020.
21/01/2020 7:03 PM
Depeche RM31.99m contract....Not bad for 6 months work.
21/01/2020 8:01 PM
Depeche Some celebrate the news by taking profit? Hahaha...0.555 new benchmark price
21/01/2020 8:03 PM
Kukuman 1 cent up 2 cent up... Small boys talk. Life should be better than this
21/01/2020 8:38 PM
COW666 Well support, most likely will stay above 50 for awhile.
21/01/2020 9:53 PM
khpwwl Yesterday thrown at 0. 555, a little bit profit just take 1st....
22/01/2020 7:42 AM
PresidentRotiCanai Well supported. After new year will up to 60sens
22/01/2020 1:11 PM
PresidentRotiCanai No worry on uptrend stock. Had golden cross after few years in dead cross
22/01/2020 1:12 PM
Alfonso who bought at top RM2.70 is totally kesian.......
22/01/2020 3:47 PM
PresidentRotiCanai Breakout!
22/01/2020 4:05 PM
PresidentRotiCanai Alfonso.. Ya, I bought 100 unit at RM2.70.. Then RM0.165 i add another 100,000 units to average down.. Now lose big. T.T
22/01/2020 4:07 PM


 

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