KLSE: MBMR (5983)       MBM RESOURCES BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
3.14   0.00 (0.00%)  3.14 - 3.25  49,500
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Market Cap: 1,227 Million
NOSH: 391 Million
Avg Volume (4 weeks):573,835
4 Weeks Range:3.13 - 3.34
4 Weeks Price Volatility (%):
52 Weeks Range:2.50 - 4.47
52 Weeks Price Volatility (%):
Average Price Target: 4.14
Price Target Upside/Downside: +1.00
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2020 [#1]  |  21-May-2020
Next QR | Est. Ann. Date: 30-Jun-2020  |  20-Aug-2020
T4Q P/E | EY: 6.20  |  16.14%
T4Q DY | Payout %: 4.14%  |  25.66%
T4Q NAPS | P/NAPS: 4.47  |  0.70
T4Q NP Margin | ROE: 11.22%  |  11.34%


Date Subject
14-Jul-2020 Automotive - SST Exemption Booster
06-Jul-2020 Automobile - Anticipating 2H2020 recovery aided by SST exemptions
01-Jul-2020 Strategy 2H20 Market Outlook - Malaysia: Domestic liquidity buoys market as economy reopens
25-Jun-2020 Auto & Autoparts - Over the Hump in May 2020
09-Jun-2020 MBM Resources - Expecting a Recovery in 2H20
28-May-2020 MBM Resources- - Tougher Before Getting Better
27-May-2020 Automotive - April – Almost Nil
22-May-2020 MBM Resources Berhad - Weak Start
22-May-2020 MBM Resources - Weaker Outlook Ahead
22-May-2020 MBM-Resources-1Q20 depressed by MCO; 2H20 expected to be better
22-May-2020 MBM Resources Bhd- 1QFY20 Within Our Expectation
22-May-2020 Mplus Market Pulse - 27 May 2020
05-May-2020 Automotive - Hitting the Brakes on High Value Items
30-Apr-2020 Automotive - “March-ing” Downhill on MCO
30-Apr-2020 Automotive - Covid-19 Hitting March TIV
20-Apr-2020 疫情严峻挑战‧汽车业苦不堪言
20-Apr-2020 Economics & Strategy - On to Round 3
02-Apr-2020 Automotive - Cautious Spending on High Value Items
31-Mar-2020 Economics & Strategy - Covid-19: Endgame
27-Mar-2020 Stocks on Radar - MBM Resources (5983)

Business 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.
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  leno likes this.
xiaodi my friend working in hong leong bank told me now hong leong bank give car loan ,installment rm1000 per month bank account saving must have cash money 24k for instalment 2years money in 2 year bank to give lending...tightening lending...many bank loan margin give 70% max loans.
example : your bank account saving in year 2018 have 24k until now still have 24k ,bank give lending...if year 2018 bank saving have 10k 2019 year have 15k now have years 2020 have saving 24k bank will rejected loan...
24/05/2020 3:09 PM
xiaodi bank stop make home loan and car loan those have work permit singapore
24/05/2020 3:12 PM
xiaodi many customer cannot reach bank term condition to take loan in cmco
24/05/2020 3:19 PM
MrRightTiming GLNT Stock market moves ahead of economy lah. April 99% down is already known since like....1.5 months ago. If you don't know market moves ahead of economy, better stay away from stocks.

Haha..well said!
28/05/2020 2:31 AM
Jack888 uptrend....buy !
28/05/2020 8:57 AM
investortrader88 just bought at RM 2.90 just now.keep.good luck guys !
28/05/2020 3:59 PM
GLNT https://www.theedgemarkets.com/article/perodua-registers-7886-cars-may-has-sold-52920-cars-ytd
02/06/2020 3:05 PM
GLNT Who buy cars at this period? Malaysians! Almost back to pre-MCO levels
02/06/2020 3:06 PM
Cropsickle In Q1 2019, Perodua sold 60,700 units.

In Q1 2020, Perodua sold 36,376 (Jan-Feb) + 8,601 (March) = 44,977 units

The numbers are not bad considering the circumstances, but the Q1 QR will likely not be favorable and seeing that we are in June and only 8k units have been sold since April, the Q2 QR will not be...favorable.

I do feel that this counter will grow big in the future, but I don't know whether any increase in price now can be sustained over the next few months. Truthfully, I'd like it if it stays below 3.00 so I can come back after milking the health stocks, so that is my udang sebalik batu.
02/06/2020 10:31 PM
GLNT Q1 quarter results already out
02/06/2020 10:34 PM
Cropsickle @GLNT Ah, thanks for pointing out. I totally missed it.
I wonder how much the 26% reduction in unit sales contributed to the -33% QoQ.
02/06/2020 10:46 PM
GLNT Lower revenue with fixed costs, automatically lower margins.
02/06/2020 11:37 PM
investortrader88 klci bull run.huat ahhhhh !
03/06/2020 9:35 AM
Value888 QR so bad. Dropped 45%.
05/06/2020 8:43 AM
investortrader88 huat aghhhhhhhhhhh. !
05/06/2020 12:06 PM
GLNT Value888, market goes ahead of economy by 6 months. everybody knows 1q and 2q will be shit.
05/06/2020 2:21 PM
Hafid 100% tax free for local vehicle purchase asemble in malaysia
05/06/2020 4:37 PM
Hafid 100% tax exemption for the purchase of locally assembled cars beginning june until dec 31
05/06/2020 4:38 PM
investortrader88 https://www.theedgemarkets.com/article/auto-players-shares-soar-after-pm-announces-sales-tax-exemption
05/06/2020 5:37 PM
AFMGT lets go buy myvi, haha
05/06/2020 6:07 PM
07/06/2020 12:42 AM
shareinvestor88 Public transport is way to go
07/06/2020 12:42 AM
Chua Joe Beng Aminvestment Bank Research: National Economic Recovery Plan to bode well for auto sector.

KUALA LUMPUR (June 6): AmInvestment Bank Research has upgraded the auto sector to "overweight" (from "neutral") and said the cut in sales tax for motor vehicles sales announced in the government’s National Economic Recovery Plan (Penjana) will a boost for the sector.

As part of its sector upgrade, AmInvestment Bank Research upgraded its fair value (FV) on MBM Resources Bhd to RM4.62 per share, from RM3.59 per share, while maintaining its “buy” call. It increased its financial year ending Dec 31, 2020 (FY20) earnings forecast by 15% to factor in higher Perodua sales.

Meanwhile, DRB-Hicom Bhd’s FV has been upgraded to RM2.49, from RM1.87(with its “buy” call maintained), with its earnings forecast for FY20 raised by 7% to reflect better Proton and Honda sales.

While the “hold” call on UMW Holdings Bhd is maintained, the counter’s FV is up to RM2.56, from RM1.74 per share. Its FY20 net profit forecast is up by 27% after accounting for higher Toyota and Perodua sales volumes.
07/06/2020 8:59 AM
shareinvestor88 Retrenchment happening , finding money buy food more important not buy car
07/06/2020 11:56 AM
gemfinder U not aford jeh. Not everyone as poor as u. Y not buy car if u can aford
07/06/2020 11:59 AM
GLNT Just look at perodua sales despite CMCO, back to almost pre MCO period. Malaysians just whack only.
07/06/2020 3:58 PM
shareinvestor88 3Rs better sell this stock
07/06/2020 10:44 PM
Collect In malaysia, public transport is still not good enough to get you everywhere. Also, ppl are afraid of the virus, so chances are that those who can afford will take this opportunity to get a car.
07/06/2020 11:15 PM
shareinvestor88 Agree with you , provided one has a job
07/06/2020 11:22 PM
shareinvestor88 No job no car no food
07/06/2020 11:23 PM
investortrader88 huat ahhhhhhh. !
09/06/2020 9:59 AM
GLNT WTH MBM share is doing when DRB and BAuto are up 6,-7%
09/06/2020 3:34 PM
charliecharlie slow and steady, firmly..going up.
10/06/2020 9:10 AM
dawchok I collected MBMR in view of the rebounded car sales recorded in May and waiver of sale tax which will boost sales up further till year end.
10/06/2020 5:42 PM
dawchok 9 cts div X on 9 July will definitely be received . Just do not know if there will be another dividend in Sep/Oct ?
10/06/2020 5:45 PM
Louise4 Price looks high to me, prefer Pecca for its attractive price & good return potential.
12/06/2020 11:40 AM
Louise4 Post removed. Why?
18/06/2020 1:51 PM
Louise4 Post removed. Why?
18/06/2020 3:13 PM
rosdi bank tightening lending now...
20/06/2020 1:28 AM
Chua Joe Beng 9c dividend ex date 9th July 2020! Gud stock worth buying anticipating for improved next QR.
01/07/2020 12:32 PM
soonli KUALA LUMPUR (July 1): Perusahaan Otomobil Kedua Sdn Bhd’s (Perodua) June car sales jumped to 21,250 units — its highest monthly figure so far this year and an increase of 169.5% over May’s sales of 7,886 units.

The sharp rise followed the sales tax exemption announced by the government on June 5, said Perodua president and chief executive officer Datuk Zainal Abidin Ahmad.

He said the tax exemption, aimed at boosting car sales amid the Covid-19 crisis, has provided many benefits for consumers including reduced vehicle prices of up to 6% for Perodua cars.

“The sizeable volume increase we’ve had as a result of that, allows us to help the supplier and dealer ecosystem in this time of need — we purchased nearly RM500 million worth of local components in June alone,” he said in a statement today.

“Our operations are now at full capacity and maximum overtime. We are working very hard to ensure our customers receive their cars as quickly as possible, with no compromise on safety and quality,” he added.

Perodua sold 8,601 cars in March before the Movement Control Order (MCO) came into effect on March 18. This resulted in the temporary suspension of the company’s operations nationwide for two months. Perodua officially resumed operations on May 19, the carmaker said.

Year-to-date, Perodua has sold some 74,000 cars.

“We are immensely grateful to be able to bounce back with such energy in just under two months since we restarted operations nationwide. Our outlook is positive and we hope this momentum will continue and help the industry grow,” Zainal said.

“We reiterate our commitment to the government, as Malaysia’s biggest carmaker by volume, to help the industry and ecosystem wherever we can including sustaining employment, so that we can all get through this difficult time,” he added.
01/07/2020 9:11 PM
soonli Very potential counter too look at in 2h 2020.

PE: 6.43
Profit Margin: >10%
Debt to cash ratio: 0.13 (almost net cash position)
current ratio: 3.89 (current asset triple than current liability)
earning yield : 15%
ROE% = 11%
DPS ; 22 cents
Dividend yield: 6.75% (60% dividend policy)
NTA : 4.47

Point to note:-
1. Strong cash flow (almost net cash), which is crucial during MCO period when most of the industries are hitting bad during this period.
2. With such a low PE, high profitability (>10% profit margin, 15% earning yield and 11% ROE), its worth to look at before further shooting
3. dividend policy of 60% pay out with about 6.75% return/year is much higher than FD (currently is only at about 2%)
4. Low interest rate and sales tax exemption to boost the sales from June 2020 onwards, this can be seen from the June's sales figure of Perodua (21,250 unit), which is exceeded average monthly sales figures last year (about 20,000 units)
5. TA chart is showing up trend since March 2020

Middle term Target Price: 4.00
Long Term Target Price: 5.00

Just sharing the info. Buy at own risk.
01/07/2020 9:39 PM
GLNT Just collect lah. Darn cheap
02/07/2020 11:34 AM
soonli Its hard to find a company with so good fundamental, and good prospect on better recovery in 2h 2020 due to benefit from PENJANA + low interest rate. From what we can see, myvi is a very strong model which we can see everywhere on the road and economical used vehicle which suit to local market, at any point in time.

I think its time to collect more before it shooting further.
02/07/2020 12:43 PM
soonli KUALA LUMPUR (July 2): MIDF Research has maintained its positive rating on the Malaysian automotive sector and said the sector is set to see an inflection point from 3Q20 onwards from a strong combination of tax-holiday-induced demand, robust consumer liquidity and a low interest rate environment.

In a note today, MIDF analyst Hafriz Hezry said the research house’s top sector picks are Bermaz Auto Bhd (BAuto) and UMW Holdings Bhd.

Hafriz noted Perusahaan Otomobil Kedua Sdn Bhd (Perodua) registered a strong 33% year-on-year (y-o-y) growth in June total industry volume (TIV) and almost tripled sequentially, marking an important inflection point in volume trends.

He said car prices have generally been reduced by 2% to 7% (3% to 6% for Perodua) given savings from the sales tax exemption incentive.

As a bellwether of the auto industry, this should signal the trend for sector-wide TIV to be announced later this month, Hafriz added.
02/07/2020 1:15 PM
soonli (图:马新社)




02/07/2020 6:59 PM
soonli Perodua president and chief executive officer Datuk Zainal Abidin Ahmad (pic) said Perodua has the capacity to be a possible contract manufacturer for the project

RAWANG: Malaysia’s second national carmaker Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is in talks with the government to participate in the realisation of the third national car project.

Perodua president and chief executive officer Datuk Zainal Abidin Ahmad said Perodua has the capacity to be a possible contract manufacturer for the project.

“Perodua has given a proposal to the government on its vendor system, which could be beneficial to the project, ” he said following a signing ceremony between the Malaysia Automotive Robotics and IoT Institute (MARii), Perodua, the Perodua Suppliers Association and Perodua Dealers Association earlier yesterday.

International Trade and Industry Senior Minister Datuk Seri Mohamed Azmin Ali, who was present at the event, said the third national car project is still ongoing.

“Despite having a new government, the project is still on, ” he said.

Back in February, former Prime Minister Tun Dr Mahathir Mohamad said that a prototype for the third national car was ready and that the government was waiting for private investors to invest in the development of the project.

Dr Mahathir said Malaysia was open to working with foreign companies to develop the new national car, adding that Malaysia already had the experience, having developed both Proton and Perodua with Japan previously.

It was previously reported that DreamEdge Sdn Bhd, the anchor company to drive the third national car project, was aiming to unveil its first prototype by March this year.

DreamEdge is an engineering services company catering to various industries such as automotive, rail, electronics, energy, defence, precision equipment and tooling design.

MARii chief executive officer Datuk Madani Sahari (pic below) said the vehicle be revealed later this year.

Perodua closed the month of June with 21,250 vehicles sold, its highest monthly sales figure this year and nearly triple that of the previous month’s.

The carmaker’s year-to-date sales total stands at 74,000 units.

Zainal said it would be difficult to forecast the outlook for the automotive industry for the rest of 2020, in light of the uncertainties and challenges created by the Covid-19 pandemic.

“It’s difficult to predict, but we will strive to continue doing our best and make sure that the ecosystem will continue to survive. We had made an initial forecast and yes, there has been a slowdown in sales. But for now, our strategy for the remainder of 2020 is to stay with what we had targeted to achieve before the movement control order (MCO).”

In January this year, Perodua targeted to sell 240,000 vehicles for 2020. At the moment, Zainal said sales could fall between 15% and 17% this year from the original target.

Perodua is however, expected to make an official announcement on its 2020 sales target later this month.
03/07/2020 7:47 AM
soonli From the announcement made by PM on 5 June, the newer price list only out in subsequent week, so actually the impact of sales rebate only taking place in 2nd half of June.

So actually the push up of sales due to PENJANA is just taking pace in 2nd half of June, with such a surge in sales for whole month of June really surprise to all.

Can imagine the full month impact starting from July onwards, the sales figure may highly likely to overtake June figures. looking for it

Dont forget 9 cents dividends entitlement prior 9 July (next week).
03/07/2020 3:09 PM
soonli Interest rate my drop again? who benefit?





03/07/2020 3:24 PM
soonli (吉隆坡6日讯)政府豁免汽车领域的销售与服务税(SST)之举料刺激需求增长,分析师预计,国内汽车销售在下半年获改善,并看好宝腾(Proton)和第二国产车(Perodua)引领汽车行业增长。






06/07/2020 8:02 PM

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