Highlights
KLSE: MGB (7595)       MGB BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.675   0.00 (0.00%)  0.00 - 0.00  0
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Overview

Market Cap: 336 Million
NOSH: 497 Million
Avg Volume (4 weeks):13,088
4 Weeks Range:0.64 - 0.69
4 Weeks Price Volatility (%):
97.83%
52 Weeks Range:0.64 - 0.895
52 Weeks Price Volatility (%):
75.42%
Average Price Target:-
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019 [#2]  |  23-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  22-Nov-2019
T4Q P/E | EY: 18.04  |  5.54%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.9095  |  0.74
T4Q NP Margin | ROE: 2.04%  |  4.11%

Headlines

Date Subject
06-Aug-2019 Mplus Market Pulse - 6 Aug 2019
05-Aug-2019 MGB plans RM107m GDV development in Cameron Highlands
28-May-2019 PublicInvest Research Headlines - 28 May 2019
25-Feb-2019 PublicInvest Research Headlines - 25 Feb 2019
26-Nov-2018 PublicInvest Research Headlines - 26 Nov 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.
 
Noworries I was confused with the term "issue price" and "conversion price"
23/12/2017 12:42 AM
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 12:50 AM
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 12:54 AM
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 1:01 AM
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 5:55 PM
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 5:56 PM
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 11:36 PM
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 AM
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 6:21 PM
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 8:32 PM
Stevecheahsw Slow slow better, Next month 1.80 enough
29/12/2017 12:25 AM
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 8:20 AM
Noworries Lim Lit Chek is also selling 10,000,000 units off-market on 29th Nov
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5627697
03/01/2018 10:47 PM
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 10:49 PM
Ken Normally MD will not sell directly to market,this will affect people's confident & share price
04/01/2018 8:20 AM
Ken Shouldn't change the name when is good luck
05/01/2018 5:40 PM
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 AM
orangbaru77 good job..
10/01/2018 12:46 PM
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 PM
1054814577958417 why drop so many
15/01/2018 11:17 AM
Will911 Oversold already
15/01/2018 6:51 PM
1054814577958417 what you mean?
15/01/2018 9:15 PM
1054814577958417 drop again...
26/01/2018 4:39 PM
Ken Sold all
06/02/2018 2:53 PM
Ken Now only drop.Operator push up & sell slowly
07/02/2018 3:35 PM
mneo patient.... this is a good counter...
24/02/2018 1:22 PM
Stevecheahsw today or tomorrow out, if Q4 got 12.5M profits the eps also 2.5 cents due to share dilution....
27/02/2018 1:45 AM
Ken What is the current PE?If base on Rm 1.66

Total share issued
=494mil +90mil rcps
=584mil

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

PE=968mil/24mil=40
04/03/2018 2:34 PM
Ken If earning per year is 24mil,base on PE 15,What is fair value of MGB?

24/585mil=0.041

0.041x15PE=Rm 0.62 per share
10/03/2018 4:55 PM
s_id1234 Why this stock no support at all ?
30/03/2018 11:19 AM
一針見血 Don't think the price is cheap.Jangan kena trap.
https://www.thestar.com.my/business/business-news/2016/09/14/lbs-bina-streamlines-construction-biz-under-ml-global/
447mil purchased at 0.67.Now the price is 1.36.Still up 100%.
因为两家公司是同一个老板,所以自己买自己公司的新股,真正的价钱肯定比0.67便宜多多。
30/03/2018 11:40 AM
s_id1234 But RHB Investment target price is 2.05?
http://www.klsescreener.com/v2/news/view/327727
30/03/2018 12:19 PM
Stevecheahsw look like one by one fall down.....
31/03/2018 11:45 AM
Astotti back to 6 months low. huh??
02/04/2018 11:05 PM
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 9:49 AM
Jordan Khoo interesting, haha
03/04/2018 10:11 AM
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 3:54 PM
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 6:29 PM
Stevecheahsw next Tuesday go attend AGM
01/06/2018 11:15 PM
s_id1234 Any good info in AGM? Thanks
05/06/2018 6:30 PM
KissKissCookie They reported 1st Qtr 2018 PAT at RM10.1 mil
06/06/2018 12:52 PM
Hohup TQ LTA noticing this stock
12/06/2018 6:39 PM
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 10:50 PM
Stevecheahsw Boss Tiap tiap hari beli dekak sana
19/06/2018 10:53 PM
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 6:18 PM
Stevecheahsw https://limwy94.wixsite.com/…/singl…/2018/07/18/MGB-Mlglobal
28/07/2018 2:11 AM
Oliveoil up up up @yeeling
31/07/2018 11:03 PM
beatme nobody follow this stock?
08/11/2018 3:58 PM
s_id1234 recently everyday also up, today up with extreme high volume. anyone know what happened?
05/03/2019 6:06 PM
Stevecheahsw this counter have to wait after wa expired only can see
13/08/2019 5:25 PM


 

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