Highlights
KLSE: MBMR (5983)       MBM RESOURCES BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
3.67   +0.30 (8.90%)  3.38 - 3.76  5,970,700
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  leno likes this.
 
commonsense Hi Jeffrey,

I believe Proton is currently shifting its focus to the mid to high end market rather than looking to compete with Perodua directly in the affordable segment.

X70 for example starts from RM100k to RM128k while Perodua Aruz is price between RM72k to RM77k. The offering and price range is just too different to say that they are both competing for similar types of customers.

The companies that are actually affected by Proton sales rebound are mostly the foreign brands. Honda who car sales number in 1H19 fell by 14% is pricing its CRV at between RM138k to RM163k. They didn't specify CRV sales numbers for 1H19 but i suspected that the major contraction in sales comes from this segment.

Either way, MBMR being the largest local auto components supplier will still benefit from Proton's future high manufacturing activities (from move to produce CKD version of the X70 and other future models).

Even after the steady increase of MBMR's share price, it is still currently being valued at less than 7x PE making it the cheapest auto company in bursa vs the industry average of 15x PE.

As a comparison, Pecca (manufacturer of car leather seats and is highly dependent on Perodua ) is currently trading at 13.5x PE. UMW who also has a direct exposure to Perodua is currently trading at 17.8x PE.

Regards.
26/07/2019 7:11 AM
Ncm88 Lol... wait till x50 come to smash your Aruz... many friends of mine rather wait for the x50.. some people bought Aruz with full of regret with almost the same as Myvi. Just a stretched Myvi. Perodua is definitely under pressure in the coming years.
26/07/2019 7:32 AM
Ncm88 And they mentioned not sure how many % local content to be involved in the CKD, however if MBMR do benefit but not as much as doing for Perodua.
26/07/2019 7:36 AM
Ncm88 Motor Trading Revenue for the current quarter increased by RM31.2 million or 7.2% against the preceding quarter due to the aforesaid demand for the Perodua and Volvo models. The Division's PBT closed at RM17.4 million including the gain on sale of property of RM11.9 million. The operating PBT excluding the gain was RM5.5 million, RM2.6 million or 32.3% lower than the PBT for the preceding quarter. The lower PBT is mainlly due to reduced margin for certain models.
26/07/2019 8:05 AM
Jeffreyteck TQ commonsense and good luck.
29/07/2019 7:18 AM
Richard Lee talk so much. You all got buy or not?.
29/07/2019 7:58 PM
Johnchew Hu hu ini commonsense ke!!!!!!
31/07/2019 12:49 PM
mind213 Tq commonsense..luckily follow commonsense adviced last Jan...currently almost 50% profit..just sit n enjoy.
31/07/2019 7:23 PM
Richard Lee Disposed 800 shares on 25-Jul-2019. EPF too free nothing to do?
31/07/2019 7:29 PM
4444 3rd national car coming why good for MBM?
01/08/2019 11:27 AM
4444 Promoters here operators? Why job vacancy not advertised in Jobstreet?
01/08/2019 11:29 AM
4444 Alam Perkasa lays out vision for third national car
https://www.theedgemarkets.com/article/alam-perkasa-lays-out-vision-third-national-car
01/08/2019 11:31 AM
4444 Ask why only 1 CW in MBM unlike AA, others many CWs' got fair?
01/08/2019 12:24 PM
4444 yongch work in Kenanga?
01/08/2019 12:25 PM
mind213 4444 to many why....up to u....plz study fundemantal...to many why also not good..
01/08/2019 5:15 PM
Johnchew Why why ? Ppl do not know , commonsense is a good sifu ..
02/08/2019 4:09 PM
Sebastian Sted Power https://www.sinchew.com.my/content/content_2096212.html

something bad for perodua. Need to launch a better model replaced Bezza to fight
07/08/2019 8:24 PM
Hafid 3rd national car use daihahsu
09/08/2019 10:33 PM
rojakmee TP rm7
20/08/2019 1:28 PM
Richard Lee muke chong pergi mekkah liao
20/08/2019 2:14 PM
Cakes Moon Shooting, all in! Sailang!
20/08/2019 2:43 PM
Connie555 whr is choivo zai???
20/08/2019 3:41 PM
rojakmee the cheapest among all the auto company, Target price RM7
20/08/2019 4:11 PM
cheoky Today is a good day for me. Amen
20/08/2019 5:56 PM
bojed Tomorrow rest day?

Or one round towards rm3.9?
20/08/2019 6:07 PM
Sebastian Sted Power EPS 18.94, 6cents DIV

Tomorrow 3.8 for sure
20/08/2019 6:43 PM
Sebastian Sted Power even deduct the one off gain 24.8mil, net profit still 64.5mil (EPS 16.5)

Boleh tahan kot because last QR only EPS12++
20/08/2019 6:46 PM
pang72 Wow...
20/08/2019 6:47 PM
pang72 Drb will be equally good!!
20/08/2019 6:49 PM
Sebastian Sted Power Drb right hand proton good but need left hand POS QR lose! So neutral again
20/08/2019 6:51 PM
pang72 Pos - 18c and yet Drb eps 7c..

So, pos - 2c, Drb will rocket up man!!

Definitely much better that 7c...

So...can it beat mbmr...... Maybe
20/08/2019 6:53 PM
pang72 Mbmr does a good job... No doubt
20/08/2019 6:59 PM
Primeinvestor Tomorrow hit 4 easily
20/08/2019 6:59 PM
bojed MBM RESOURCES BHD

Type Announcement
Subject OTHERS
Description MBM Resources Berhad ("MBMR" or "the Company") - First Interim Dividend
The Board of Directors of MBMR is pleased to declare a first interim devidend of 6.0 sen per ordinary share under the single-tier system in respect of the financial year ending 31 December 2019.


This announcement is dated 20 August 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6258693

---------------------------------------------------------------------------

Tomorrow fly again?
20/08/2019 7:12 PM
pang72 Sure fly la!!
20/08/2019 7:14 PM
pang72 Wait for me... Ok kah!!
20/08/2019 7:15 PM
Icon8888 Very good result

Because They ceased operation of loss making subsidiary ?
See what analysts say tomorrow

If high EPS sustainable, RM4 not impossible
20/08/2019 7:24 PM
bojed Pang72: wow you got so much money to buy here and there! Are you still holding your DRB?

I'm not sure yet what to do with MBM tomorrow. My brain says buy but my heart says watch first.
20/08/2019 7:25 PM
Primeinvestor 60% dividend payout, going forward Rm200m profit not impossible, that works out to be 8.5% yield, u have to buy tomorrow anything below rm4 is a discount
20/08/2019 7:27 PM
Sebastian Sted Power Icon is talking sense. Don't anyhow blow target price. We are in this counter since RM2,++ and watch it growing. Not a sudden magic to RM4,5,6
20/08/2019 7:41 PM
cheoky Everyone can drive. Let speed over rm5 limit and get red card!
20/08/2019 7:43 PM
Icon8888 60% of company level profit not group profit

Last year made 60 mil

60% is 36 mil

Divided by 400 mil shares is 9 Sen dividend
20/08/2019 7:48 PM
pang72 Bojed,
I don't buy mbm la..
I hold my Drb....
I need to cut other to switch to mbm? Maynot
20/08/2019 7:51 PM
Primeinvestor Who say company level, the Company is referred to as MBMR and its subsidiaries, haha, dont try to fool investor, next dividend will be 60% payout
20/08/2019 7:59 PM
Icon8888 As the Company is an investment holding company, its income depends on the dividend received from its subsidiaries and associates. The Board intends to maintain a dividend payout policy of a minimum of 60% of the Company’s net profit.
20/08/2019 8:08 PM
Icon8888 I think my interpretation is correct

Please re read
20/08/2019 8:08 PM
Sebastian Sted Power Icon,you are right! No doubt
20/08/2019 8:16 PM
Primeinvestor U must know what is the definition of the Company, there is no point of declaring this announcement if is subsidiary, lets see who is right tomorrow
20/08/2019 8:17 PM
Icon8888 Not sure what you mean. Scratching my head
20/08/2019 8:26 PM
Abhihenry Again congrats to those manages to ride on this stock! Today's bullish candlestick is pushing Bollinger Band wider, with RSI & MACD strongly propel towards north, more upside can be expected. Resistance at 3.93

For Undervalue counters updates , analysis with TP and short term trades
whatsapp @ +60 11 1348 0036
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20/08/2019 9:06 PM


 

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