Highlights
KLSE: MRCB (1651)       MALAYSIAN RESOURCES CORP BHD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
0.76   +0.01 (1.33%)  0.75 - 0.77  6,433,800
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  19 people like this.
 
Shawn Ng Heading to 0.9 soon
14/11/2019 10:07 AM
param54 zzzzzzzzzzzzzzzzzzzzzzzzzzz wake up
14/11/2019 12:19 PM
sasword Foreign fund will avoid our market and bursa going to die as long as corrupted son of bitch mahaithir gov is still alive.
14/11/2019 4:41 PM
Ron90 Azmin is the root cause of uncertainty... he is going to prevent Anwar from becoming the next PM, even though Mahathir already very very old..common la.. this country still hv to rely on 96 old man to lead the country??...first to dethrone najb, ok la, but not forever... next year, political turmoil is certain...so only stupid foreign investor would put their money here... its only few months away !!!..
15/11/2019 8:03 AM
monsterhunter Come on. MRCB UP UP UP !!
15/11/2019 9:30 AM
Sinoboy Daily routine, morning up little, afternoon down plenty lol
15/11/2019 10:13 AM
Alan Lobster Wait for the positibe BIG NEWS now is still keep away from public knowledge ....it will rise soon
15/11/2019 12:41 PM
Superbull77 Big news will out next week. FM still collecting.
15/11/2019 2:29 PM
param54 foreign funds running
15/11/2019 3:15 PM
Ron90 if u have nothing to say..better keep quite rather than telling false promise.. big news konon.
15/11/2019 3:46 PM
Alan Lobster https://www.theedgemarkets.com/article/rohas-seen-grow-epcc-jobs-tower-orders
15/11/2019 7:22 PM
Alan Lobster KUALA LUMPUR: MALAYSIAN RESOURCES CORP Bhd (MRCB) sees better sustainability in its business operations going forward despite the current property market glut and potential impact of Pakatan Harapan’s pledges to review certain infrastructure projects.

Executive director Mohd Imran Mohd Salim said MRCB has been implementing “prudent and sustainable approaches” over the years and has a number of ongoing projects that can help bolster the company’s earnings.

He also emphasised that the victory by the Pakatan would not have an impact on MRCB’s ongoing projects.


“It will not have an impact, as the nature of our developments is that they are transit-orientated developments (TODs). We’re a transport-orientated developer and we’re mostly an urban developer and the scale of our development takes between 15 years and 20 years,” he said after the company’s AGM and EGM yesterday.

“And we’re not just looking into housing developments. We’re looking into integrated developments. We have different product mixes.”

MRCB’s chief corporate officer Amarjit Chhina said MRCB has gone beyond being a “single-project” company.

“The problem before was that there was a question of sustainability. We were a one-project company, KL Sentral. There wasn’t much of a construction business and the gearing was up towards 200%.

“But over the years, we’ve been trying to make MRCB sustainable. Today, we have projects with a gross development value of RM57bil. On the property side, 80% comprise TODs.”

Amarjit also said MRCB’s construction business has been registering good growth over the years.

“Our construction business has grown from a negligible amount. Our external orders stand at RM6.2bil, of which RM4.9bil is unbilled. With the initiatives in place, our gearing was down to 5.3 times at the end of last year.”

He added that the proposed disposal of the Eastern Dispersal Link (EDL) would help reduce the company’s gearing further.

Imran said MRCB hopes to dispose of the EDL by year-end.

“Before the election, the agreement was to go into mutual termination mode. We’ve given the highway back to the government, who is operating it under the Public Works Department. We were supposed to sit down with the government and come up with a transparent formula for all parties to exit fairly and reasonably.”

According to reports, MRCB has spent RM1.2bil to develop the 8.1-km EDL.

“We can’t provide a value for the disposal, but we’re hopeful of paying off most of our debts,” said Imran.

He also said MRCB was excluded from most of the country’s mega-infrastructure projects - which have since come under question following the win of the Pakatan coalition.

“We have no exposure to the East Coast Rail Link and we never participated in the mass rapid transit line 3 project. The only project we are a part of is the Kuala Lumpur-Singapore high-speed rail. However, there is no impact financially because the project has not started.”

MRCB posted a net profit of RM167.6mil, or 6.56 sen a share, for the full year ended Dec 31, 2017, as revenue climbed to RM2.82bil. Amarjit said the company’s financials were “in great shape”.

“Only 23% of our construction orderbook is from the government. We have around RM2.9bil in terms of tenders at the moment.”

Imran, meanwhile, said the company had a limit in terms of how much it wanted to grow its orderbook.

“We have critical mass. We can’t just keep growing our orderbook. It’s at RM6.8bil to date. As long as we maintain between RM5bil and RM8bil, our ecosystem is sustainable.”

For its current financial year, Amarjit said MRCB expects its construction division to contribute a substantial portion of earnings.

“A number of new projects are starting, that’s why we have a portfolio approach. So, construction will bear some of the property slack this year and in other years, the property division will come through when construction is a little bit more restricted.”

Imran pointed out that the property and construction sectors were cyclical in nature.

“The property market is soft and we’re hopeful that it would pick up over the next two years. With the right product and the right locality, I think we can compete aggressively.




“We will aggressively tender, whether it is government-linked, private or overseas. As long as there is a tender, we will try,” he said


AGGRESIVELY TENDER ...i like that determination !!!
15/11/2019 7:28 PM
Superbull18 Mrcb candlestick pattern form w shape ,next week will rebound, let see 90 sen by 27 Nov , this quickly push up must come with good news , let see QR on either 21 n 22 Nov ,if excelent QR announced , 90 sen gurantee touch
15/11/2019 11:54 PM
Alan Lobster i agree ...nice charting rebound
16/11/2019 3:56 PM
Trouble Huat Candlesticks can be manipulated by shark. They have money n share on hand. They wan how to graph being drawn to attract u all. So easily to attract u all to buy. Haha
17/11/2019 9:54 AM
sasword Manipulate chart and hire prophets to spread rumours, sendiri goreng srndiri steamed.
18/11/2019 11:11 AM
654321aaa sendiri makan also...hhh
18/11/2019 12:00 PM
654321aaa shit charting
18/11/2019 12:01 PM
654321aaa Gone case again..
18/11/2019 12:01 PM
654321aaa 回乡归故里, 见老马?
18/11/2019 12:06 PM
654321aaa 马儿不吃草
18/11/2019 12:08 PM
654321aaa Rebound to 0.70 wrong way round..
18/11/2019 12:10 PM
param54 gone case
18/11/2019 12:19 PM
Sinoboy 3q no good maybe hahaha
18/11/2019 3:39 PM
Sinoboy Chart show down, just invert it, show up Roflmao
18/11/2019 3:41 PM
param54 it is clear the third qtr not good.
18/11/2019 4:58 PM
Alan Lobster Relax lar ....juz HOLD until the MEGA projects announcement to be ....
18/11/2019 5:10 PM
Alan Lobster At this level , its an opportunity to collect low . If go lower collect more strike b4 the IRON is HOT!
18/11/2019 5:11 PM
Sinoboy Iron has been cold for past 2 years and will continue to be rotflmao
18/11/2019 6:52 PM
Alan Lobster Haha this iron will be hot soon
18/11/2019 8:08 PM
Alan Lobster https://www.nst.com.my/news/nation/2019/11/539857/sme-bank-sets-aside-rm1b-local-ecrl-contractors

1 billion set aside for ECRL ...strike b4 this iron is getting hot ....
18/11/2019 9:33 PM
Jason Gan I think 0.74 now is a good entry
19/11/2019 2:40 AM
param54 morning up closing down everyday show
19/11/2019 9:44 AM
geraldt9 Bunch of ex govt. ' spoon fed ' parasites can bring what goodness to the company or even competitive enough to compete with others..???
19/11/2019 9:53 AM
Sinoboy Walau, up wor...
19/11/2019 12:32 PM
Alan Lobster sell or throw to me if u cannot hold ya ...tq bossku
19/11/2019 12:37 PM
Jason Gan Well the chart shows good entry at 0.74
19/11/2019 1:03 PM
Ron90 accross the board ...construction theme
19/11/2019 4:59 PM
Alan Lobster TQ bossku ....happily collecting from 0.725
19/11/2019 5:00 PM
cskek81 Forgot is which bull asked us to mark the word that MRCB will be RM0.90 by mid of November! Is that bull still inside this forum?
19/11/2019 5:51 PM
Alan Lobster MRCB the sleeping Dragon no more once the deal is signed soon
19/11/2019 7:05 PM
Alan Lobster Meanwhile, on the domestic front, the silver lining is that the gradual resumption of several major infrastructure projects, such as the East Coast Rail Link, Mass Rapid Transit 2, Pan Borneo Highway, Bandar Malaysia, and Johor Bahru-Singapore Rapid Transit System, will help provide some growth support.
19/11/2019 8:01 PM
calvintaneng TOP UNDERVALUE SHARES TO BUY NOW FOR 2020 BULL RUN TIME, By Calvin Tan Research

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/237898.jsp

MRCB FOR ECRL & YET TO COIME = TOD FOR BANDAR MALAYSIA
19/11/2019 9:41 PM
Sinoboy Up up Roflmao
20/11/2019 10:46 AM
param54 AS USUAL CLOSING DOWN
20/11/2019 3:57 PM
Superbull18 Construction theme play now, ,yesterday econbhd ,today Ekovest , MRCB big show coming soon ,see how it quickly push up ,expect next week , 90;sen by 27 Nov
20/11/2019 4:53 PM
Superbull18 Count down 2 day QR , if excelent QR release , this will attract institution fund buy in aggressively
20/11/2019 4:56 PM
cskek81 Superbull18, are you the one who gave t.p: 0.90 by mid of Nov? Now changed the date to 27 Nov?
20/11/2019 7:15 PM
Alan Lobster https://www.digitalnewsasia.com/business/mrcb-celcom-tie-explore-sustainable-cutting-edge-smart-buildings-solutions

Wow more to come soon
20/11/2019 9:56 PM
Alan Lobster https://www.theedgemarkets.com/article/positive-outlook-expected-mqreits-assets-rental-income

another positive news
20/11/2019 10:00 PM


 

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