KLSE: MGB (7595)       MGB BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.685   0.00 (0.00%)  0.675 - 0.69  52,000
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Market Cap: 340 Million
NOSH: 497 Million
Avg Volume (4 weeks):50,031
4 Weeks Range:0.665 - 0.705
4 Weeks Price Volatility (%):
52 Weeks Range:0.665 - 1.74
52 Weeks Price Volatility (%):
Average Price Target:-
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#3]  |  22-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  27-Feb-2019
T4Q P/E | EY: 9.96  |  10.04%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.8799  |  0.78
T4Q NP Margin | ROE: 4.51%  |  7.82%


Date Subject
26-Nov-2018 PublicInvest Research Headlines - 26 Nov 2018
01-Aug-2018 Traders' Corner - 1 Aug 2018
21-Jul-2018 MGB (Mlglobal)系列之第4篇: 现在是否undervalue呢?
28-Jun-2018 PublicInvest Research Headlines - 28 Jun 2018
28-Jun-2018 Mplus Market Pulse - 28 Jun 2018

Business Background

MGB Bhd is an investment holding company. The company through its subsidiaries is engaged in the manufacturing & trading of roof tiles, supplying & laying of roof tiles and installation of roofing on contracts basis. The group has three major reporting segments: Manufacturing and trading – Manufacturing and trading of roof tiles; Construction – Design and build, civil engineering, trading of construction material and general construction activities; and Others – Investment holding, providing of management services and dormant.
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  2 people like this.
Ken http://www.bursamalaysia.com/market/listed-companies/company-announcements/5204973

Please read carefully,they sell MITCE S/B to ML Global 300mil,with the issue price of 0.67per share.They never paid ML Global a single cent but ML Global issue share to them,268mil ordinarily share & 180mil ICPS.Who determine the selling price?The seller & the buyer is the same person.That's why they own 72% as what you said.

Conversion don't need to pay a single cent.0.67 is issue price.
22/12/2017 22:57
Noworries Ken, sorry, I think you are right.
I found those details in the pdf file.

Conversion Price or Conversion Ratio :
Subject to adjustments to the conversion price and conversion ratio
set out below, the conversion price shall be an amount equivalent
to the Issue Price (“Conversion Price”), which effectively results in
the conversion ratio of one (1) ICPS into one (1) new MGB Share
(“Conversion Ratio”). For avoidance of doubt, no additional cash
payment is required for such conversion of the ICPS by the ICPS
Based on the current conversion ratio, 180,000,000 new MGB
Shares will be issued upon full conversion of the ICPS.
23/12/2017 00:42
Noworries I was confused with the term "issue price" and "conversion price"
23/12/2017 00:42
Noworries @christophertopher , if based on current PE, price seems like overpriced. But if you take into the account of 30% growth, current valuation is reasonable. The only risk to growth stock like mlglobal is when it unable to deliver the "expected" result. So for those who have bought mlglobal since 1.1x like me, it is okay to hold and let profit runs. For those who intend to buy but haven, you must have a very strict trading/investing plan including when to buy and sell because you do not have the safety margin like us.
23/12/2017 00:50
Noworries @Ken, as no cash is received upon the conversion of ICPS, my guess that it is probably why they extend the private placement period so that they could do another private placement to have fund to build the IBS plant as I kind of remember that they need like 20.4m (51% out of 40m, 51% holding in JV with Sany) fund as the initial investment to build the plant.
23/12/2017 00:54
Noworries For those who intends to sell at current price, dont need to be panic selling, if you have observed the buy queue during this few days, you should have already noticed that there are someone who queued huge amount of money to buy at 1.62, so you guys could probably sold all your holdings at 1.62 without the need to throw all down the share price tremendously. Just my 2 cents. No offence. Btw, happy winter solstice to all of you. :)
23/12/2017 01:01
Ken I am not rushing to sell.The major shareholders need time to dispose their shares.Once the daily trade volume increase abnormally,then it's my time to sell.My guess is they will support or push up the warrants once they want to sell their mother shares.Currently total shares for warrant is 10.3mil relative low compare to mother shares whereby total shares is 492mil.Just need little fund to push up warrant
25/12/2017 17:55
Ken http://www.bursamalaysia.com/market/listed-companies/company-announcements/5647565
After conversion,total shares become 496mil,total shares for warrant become 6.4mil.
26/12/2017 17:56
Noworries I am quite confused when you are saying that the major shareholder need time to dispose their shares. From my point of view, I dont think they want to sell and if they really want to sell, there is no retailers that have the ability to absorb the shares they own. The average volume traded each day is only around 500k.
26/12/2017 23:36
Ken PtransGoGoGo.Yes,you are right,not enough retailer able to absorb the shares,that's why they need to take more time to dispose(.Media strongly recommended,this will make more retailer to absorb)I am not sure whether you aware that one of the current ED was MD for Vintage Bhd.ML Global former name was Vintage Bhd. Previously the share price was push up to Rm2- 3(I can't recall the actual price)and the shares was dump until the price drop to 0.10+ & the company was fell into PN17.LBS bought over the remaining shares from him and able to control 51% of this company and he was appointed as ED for this company.The same story might be happened again & probably in very slow progress.
27/12/2017 10:21
Noworries If you are referring to Beh Hang Kong, I dont think is a real issue now as he is only the Non-Independent Non-Executive Director for mlglobal now which is basically useless
27/12/2017 18:21
Ken They might follow Dato Beh's footstep.If really can sell this company at market price,they can earn at least 500mil.If you can earn 500mil in one year plus,why you choose to earn 40mil in one year.But for sure nobody will buy this company at this rate,they only can sell it in market & you can know by volume traded.That's why I will base on target volume to sell,not target price to sell.
28/12/2017 20:32
Stevecheahsw Slow slow better, Next month 1.80 enough
29/12/2017 00:25
Ken Cannot compare Hapseng with Ml Global. Hapseng's boss purchased from market made the price up.ML Global's boss not buying from market,they printed huge shares & ready to sell in the market.They use little fund to push up the share price when not so many shares in the market
29/12/2017 08:20
Noworries Lim Lit Chek is also selling 10,000,000 units off-market on 29th Nov
03/01/2018 22:47
Noworries Lim Hock San is selling all his direct intrest share which is 4,718,300 units at around rm1.63 per share. They are not stupid, stupid is brewing, could be selling to Sany Group as they want to be benefited together with the joint venture?
03/01/2018 22:49
Ken Normally MD will not sell directly to market,this will affect people's confident & share price
04/01/2018 08:20
Ken Shouldn't change the name when is good luck
05/01/2018 17:40
Ken http://www.enanyang.my/news/20180109/创建集团br-直接与ppa1m打交道/
After spent 2.8mil purchased the company,the target price increase from 1.82 to 2.05,this means the market capital will be increased another 492milx0.23=113mil.I really don't know how they analysis.Anyway as they controlled most of the shares,I think they will push up to 2.05.
09/01/2018 10:46
orangbaru77 good job..
10/01/2018 12:46
Ken The company NTA are miscalculated,not so high.They should deduct 253mil good will.Good will is not tangible asset.
12/01/2018 12:37
1054814577958417 why drop so many
15/01/2018 11:17
Will911 Oversold already
15/01/2018 18:51
1054814577958417 what you mean?
15/01/2018 21:15
1054814577958417 drop again...
26/01/2018 16:39
Ken Sold all
06/02/2018 14:53
Ken Now only drop.Operator push up & sell slowly
07/02/2018 15:35
mneo patient.... this is a good counter...
24/02/2018 13:22
Stevecheahsw today or tomorrow out, if Q4 got 12.5M profits the eps also 2.5 cents due to share dilution....
27/02/2018 01:45
Ken What is the current PE?If base on Rm 1.66

Total share issued
=494mil +90mil rcps

Share capital
585mil x Rm 1.66
=968 mil

Current earning is 6mil per quarter.If earning maintain unchanged,then earning per year is 24mil

04/03/2018 14:34
Ken If earning per year is 24mil,base on PE 15,What is fair value of MGB?


0.041x15PE=Rm 0.62 per share
10/03/2018 16:55
s_id1234 Why this stock no support at all ?
30/03/2018 11:19
一針見血 Don't think the price is cheap.Jangan kena trap.
447mil purchased at 0.67.Now the price is 1.36.Still up 100%.
30/03/2018 11:40
s_id1234 But RHB Investment target price is 2.05?
30/03/2018 12:19
Stevecheahsw look like one by one fall down.....
31/03/2018 11:45
Astotti back to 6 months low. huh??
02/04/2018 23:05
Ken The actual cost for 447mil shares is less than 0.20.MD' s elders son Lim Kim Hoe not even hold a single share.He is ED for this company.Even they sell their 50% of their shares at average price of 0.67,they still can earn more than 100mil.The faster you sell your shares,the more money will be saved.Their alliance will help them sell the shares,so you won't see any director dispose their shares in bursa.
03/04/2018 09:49
Jordan Khoo interesting, haha
03/04/2018 10:11
Astotti Hi Ken, can you further explain how the alliance help him to sell share since he still holding the same share in his account, how he can benefit from this?
25/04/2018 15:54
s_id1234 Why this stock drop a lot? The latest quarter result eps back to normal. And director is optimistic on the future company performance. few contracts secured earlier has yet to contribute significantly. MGB is one of the stocks highlighted by RHB Investment that worth to invest, sure high growth ahead
01/06/2018 18:29
Stevecheahsw next Tuesday go attend AGM
01/06/2018 23:15
s_id1234 Any good info in AGM? Thanks
05/06/2018 18:30
KissKissCookie They reported 1st Qtr 2018 PAT at RM10.1 mil
06/06/2018 12:52
Hohup TQ LTA noticing this stock
12/06/2018 18:39
s_id1234 Who is LTA?
Recently big bosses work so hard to support the stock, when will it return to its historical high?
13/06/2018 22:50
Stevecheahsw Boss Tiap tiap hari beli dekak sana
19/06/2018 22:53
Ken After acquisition of MITCE by MGB,LBS & Datuk Lim Lit Chit sold approximately 60mil@0.67 MGB shares to institutions.After that,MD disposed his own shares 4.7mil@1.63 via on/off market & Datuk Lim Lit Chit disposed 10mil@1.63 via off market in early Jan 2018.

LBS purchased approximately 6.5mil@0.815-1.30 this two months recently which believe mostly disposed by institutions.MD also purchase 0.4mil shares from market.Institutions able to sell & LBS able to buy at this price because their cost is 0.67 & below 0.20 respectively.

I believe the selling pressure haven't end yet as LBS rushed to issue Letter of intent (175mil) instead of Letter of Award to support the shares price.In addition,MD hasn't bought back his owm stake which he has sold at 4.7mil@1.63(only buy back 0.4mil)

Datuk Lim Lit Chit is MD's cousin brother and he is believe to be proxy of MD.Those who purchased at 1.63 & some of investors who purchased at 0.67 is alliance to LBS.

Astotti,Late reply to your question.Hope u don't trap in this counter
01/07/2018 18:18
Stevecheahsw https://limwy94.wixsite.com/…/singl…/2018/07/18/MGB-Mlglobal
28/07/2018 02:11
Oliveoil up up up @yeeling
31/07/2018 23:03
beatme nobody follow this stock?
08/11/2018 15:58


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