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Overview
Financial Highlight
HeadlinesNo recent Headlines for this stock. Business Background Muar Ban Lee Group Bhd is a palm oil machinery manufacturing company. It provides services starting from setting up palm kernel crushing plants, plant design and fabrication to installation and commissioning. The segments of the company are Investment holding which consists investment holding and provision of management services, Manufacturing which relates to manufacturing of oilseed expeller, automated kernel crushing plants and related parts. Trading and service which includes trading of renewable energy, palm oil mill effluent waste treatment, empty fruit brunch composting, and biogas plant project. Edible oil milling relates to the business of palm kernel crushing plant. The group operates internationally, and the manufacturing segment constitutes majorly to its revenue.
  soros90 Strong balance sheet Despite the last two years’ aggressive expansion exercise, MBL’s balance sheet remains strong. As at 30 June 2017, it had net debt of just RM4.9 million, or a low net gearing ratio of 5%. The company has historically been conservative and in net cash position, with net cash peaking at RM37.5 million in Dec 2012, before the recent expansion exercise. The company has a subsidiary, Sokor Gemilang Ladang Sdn Bhd, which holds land rights to develop 789 ha of land into plantation land in Kelantan. The company was planning to sell the land at RM35.1 million, which will yield an exceptional gain of RM10 million, but the deal fell through. MBL has proposed a private placement exercise, which it hopes to raise around RM10 million. The private placement and future potential land sale will strengthen its balance sheet for future expansion. As profits grow and its cash position rises, MBL should also be in a position to declare better dividends. Total dividends paid out for 2016 was RM3.65 million, which translates to a yield of around 1.5% and 31% pay-out ratio. 30/10/2017 10:02 padawan sold off...still believe in their potential to grow but short term looks like price shot up too much too soon...will continue to monitor meantime 30/10/2017 22:04 chankp7010 MBL will soon reach RM1.50 - 1.80 level. Strong support and continue interest in this counter has persistently pushed the share price higher. I believe the coming QR will be good. 06/11/2017 17:03 10154308548421912 http://www.theedgemarkets.com/article/malaysia-suspend-export-tax-palm-oil-three-months 05/01/2018 17:46 chankp7010 No one will buy private placement if company's operation is not good. Furthermore, private placement is priced at a discount to market price and as such buyers tend to benefit more if further price increases. Private placement will definitely dilute EPS but cash flow improvement for the company. 08/01/2018 11:59 cherng http://www.malaysiastock.biz/Company-Announcement.aspx?id=1040266 the Private Placement has been completed following the completion of the 3rd tranche of the Private Placement finally completed! 08/03/2018 16:51 Justin328 Oil mill revenue drop from previous year quarter 23M to 8.5M because of upgrading works of palm kernel crushing plant, anyone know when will complete this upgrade works? never mention is the current quarterly report...... 11/06/2018 13:56 Justin328 "the upgrading works was completed in end May 2018", "After the completeness of the upgrading works, the management foresee oil milling division will likely to perform better in the subsequent quarters" 29/08/2018 10:42 shpg22 Overpriced stock with poor performance. Fair price at 0.60. Better buy CBIP now oversold. 27/10/2018 11:50 chankp7010 MBL is neither overpriced nor a poor performance counter. I would think RM1.30-RM1.50 be a fair price for MBL. With the proceeds from sale of associated company, more cash will be available for distribution of dividend. 13/11/2018 19:14  ramada Buy at RM1.03, why not, with such solid quarterly result. And the downside risk is very limited, hard to fall below one-year-low at RM0.905 with such good latest result. Plus this is net cash company, where to find. 23/11/2018 16:04 kilrathi But there is no momentum in this stock ... just can keep as dividend company 15/12/2018 09:32  |
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