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Overview
Financial Highlight
HeadlinesBusiness Background MBM Resources Bhd is a Malaysian company which is in the business of motor trading and manufacturing of auto parts. It has Motor trading, Auto parts manufacturing, Property development and Others segments. Motor trading segment covers marketing and distribution of motor vehicles, spare parts and provision of related services. Auto parts segment comprises manufacturing of automotive parts and components, steel and alloy wheels and discs, noise, vibration and harshness products and provision of tyre assembly services. Property segment includes development of menara MBMR and Others segment encompass investment holding, corporate headquarter and dormant companies. Motor trading segment generates most of the revenues for the company.
  pang72 Tomorrow what happen... I don't know... Hold till 6.35 if perodua car still on the road.. Fundental no change 22/08/2019 4:03 PM pang72 Hahaha.. Let's it auto pilot... La.. Wait for Uncle write the first article on his own company.... Vroonmmm!! 22/08/2019 4:05 PM laosai Before laosai BAuto also keep going up like MBM. Posted by pang72 > Aug 22, 2019 4:18 PM | Report Abuse B auto laosai and fund switch to mbmr 22/08/2019 4:21 PM pang72 Bojed, this one can stay for longer.. So far unbeatable in profit and undervalued 22/08/2019 4:58 PM pang72 MBMR (OP; TP: RM4.40) is our sector top pick: We like the stock or its: (i) its deep value stake in 22.58%-owned Perodua, (ii) dualincome streams as the largest Perodua dealer and as a parts supplier for most of the popular marques, and (iii) better earnings with the cessation of loss-making alloy wheels business. Our TP is based on 9x FY20E EPS, which is at its 5-year forward historical mean PER and the stock is currently trading at an undemanding 8.4x FY20E PER. 22/08/2019 5:33 PM pang72 More aggressive dividend policy. A positive surprise, MBM is adopting a new, more aggressive dividend policy of a minimum 60% payout, which is a significant improvement versus the 14% payout seen in the past 2 years (See Exhibit 2). At our current FY19F, implied dividends at 60% payout translate to a generous 7.7% yield. Share price should react very positively to this announcement today. In fact, this could potentially address the drag on MBM’s valuations which have historically traded at a discount (below 9x PER) against the sector’s ~12x, and catalyse a strong valuation re-rating 22/08/2019 7:12 PM pang72 Aiyo.... Buy early at 4.. Got 7.7% dividend.. Lembik lembik buy at 6.35 then got 5% only.. Hihi hi... 22/08/2019 7:16 PM pang72 Dividend policy: The Board has announced that MBMR has adopted a new dividend payout policy of a minimum of 60% of MBMR’s net profit. The new policy reflects the Board's intention to reward MBMR long term shareholders. We projected dividend payout of 28-32sen/share for FY19-21, translating into attractive dividend yield of 7.6- 8.6%. We note that MBM was already in net cash position of RM88.6m as at end 2QFY19, with continuous strong dividend pay up from associate Perodua. 22/08/2019 7:55 PM sell Eg is pang72? Stock: [MBMR]: MBM RESOURCES BHD Aug 21, 2019 10:04 AM | Report Abuse 230 nobody buy, 400 everybody rush in so clever https://klse.i3investor.com/servlets/cube/post/icon8888.jsp 22/08/2019 11:09 PM pang72 so may bankers and fund are loaded up this 2 days. You buy or not buy does not affect the share price. 22/08/2019 11:15 PM  |
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