Highlights
KLSE: MBMR (5983)       MBM RESOURCES BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
2.93   0.00 (0.00%)  2.93 - 2.95  530,500
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Financials


Market Cap: 1,145 Million

Market Cap 1,145 Million
NOSH 391 Million

Latest Audited Result:  31-Dec-2017

Latest Audited Result: 31-Dec-2017
Announcement Date 25-Apr-2018
Next Audited Result: 31-Dec-2018
Est. Ann. Date: 25-Apr-2019
Est. Ann. Due Date: 29-Jun-2019

Latest Quarter:  31-Mar-2019 [#1]

Latest Quarter: 31-Mar-2019 [#1]
Announcement Date 23-May-2019
Next Quarter: 30-Jun-2019
Est. Ann. Date: 28-Aug-2019
Est. Ann. Due Date: 29-Aug-2019
QoQ | YoY   -17.35%  |    51.32%

Annual (Unaudited) ( EPS: 42.35, P/E: 6.92 )

Revenue | NP to SH 1,928,228  |  165,548
RPS | P/RPS 493.29 Cent  |  0.59
EPS | P/E | EY 42.35 Cent  |  6.92  |  14.45%
DPS | DY | Payout % 6.00 Cent  |  2.05%  |  14.17%
NAPS | P/NAPS 4.04  |  0.73
YoY   211.23%
NP Margin | ROE 9.80%  |  10.48%
F.Y. | Ann. Date 31-Dec-2018  |  27-Feb-2019

T4Q Result ( EPS: 46.66, P/E: 6.28 )

Revenue | NP to SH 1,997,218  |  182,388
RPS | P/RPS 510.94 Cent  |  0.57
EPS | P/E | EY 46.66 Cent  |  6.28  |  15.92%
DPS | DY | Payout % 6.00 Cent  |  2.05%  |  12.86%
NAPS | P/NAPS 4.14  |  0.71
QoQ | YoY   10.17%  |    234.66%
NP Margin | ROE 10.55%  |  11.27%
F.Y. | Ann. Date 31-Mar-2019  |  23-May-2019

Annualized Result ( EPS: 50.80, P/E: 5.77 )

Revenue | NP to SH 2,129,800  |  198,620
RPS | P/RPS 544.86 Cent  |  0.54
EPS | P/E | EY 50.80 Cent  |  5.77  |  17.34%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   19.98%  |    51.32%
NP Margin | ROE 11.02%  |  12.27%
F.Y. | Ann. Date 31-Mar-2019  |  23-May-2019


Hints :
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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Dec-2019 23-May-2019 31-Mar-2019 1 2,129,800 245,968 234,616 198,620 - 1,618,274 - % 11.02% 12.27% 390,887 544.86 544.86 50.80 50.80 0.00 0.00 4.1400 4.14   19.98%   51.32% 29-Mar-2019 2.76 0.51 5.43 0.67 18.41% 0.00% 23-May-2019 2.80 0.51 5.51 0.68 18.15% 0.00%
31-Dec-2018 27-Feb-2019 31-Dec-2018 4 1,928,228 200,719 189,020 165,548 23,453 1,579,186 14.17% 9.80% 10.48% 390,887 493.29 493.29 42.35 42.35 6.00 6.00 4.0400 4.04   17.72%   211.23% 31-Dec-2018 2.20 0.45 5.19 0.54 19.25% 2.73% 27-Feb-2019 2.59 0.53 6.12 0.64 16.35% 2.32%
31-Dec-2018 22-Nov-2018 30-Sep-2018 3 1,905,668 170,112 160,708 140,624 15,635 1,516,644 11.12% 8.43% 9.27% 390,887 487.52 487.52 35.97 35.97 4.00 4.00 3.8800 3.88   4.38%   145.77% 28-Sep-2018 2.06 0.42 5.73 0.53 17.46% 1.94% 22-Nov-2018 1.87 0.38 5.20 0.48 19.24% 2.14%
31-Dec-2018 28-Aug-2018 30-Jun-2018 2 1,913,552 164,914 155,126 134,726 23,453 1,493,190 17.41% 8.11% 9.02% 390,887 489.54 489.54 34.46 34.46 6.00 6.00 3.8200 3.82   2.64%   89.33% 29-Jun-2018 2.38 0.49 6.91 0.62 14.48% 2.52% 28-Aug-2018 2.32 0.47 6.73 0.61 14.86% 2.59%
31-Dec-2018 23-May-2018 31-Mar-2018 1 1,853,840 156,992 148,268 131,260 - 1,458,010 - % 8.00% 9.00% 390,887 474.26 474.26 33.60 33.60 0.00 0.00 3.7300 3.73   188.19%   68.93% 30-Mar-2018 2.45 0.52 7.30 0.66 13.71% 0.00% 2.35 0.50 7.00 0.63 14.29% 0.00%
31-Dec-2017 22-Feb-2018 31-Dec-2017 4 1,732,556 -148,501 -156,022 -148,830 11,726 1,438,456 - % -9.01% -10.35% 390,885 443.24 443.24 -38.08 -38.07 3.00 3.00 3.6800 3.68   -360.11%   -325.26% 29-Dec-2017 2.20 0.50 -5.78 0.60 -17.31% 1.36% 22-Feb-2018 2.29 0.52 -6.01 0.62 -16.63% 1.31%
31-Dec-2017 22-Nov-2017 30-Sep-2017 3 1,718,381 72,161 64,336 57,217 7,817 1,629,990 13.66% 3.74% 3.51% 390,885 439.61 439.61 14.64 14.64 2.00 2.00 4.1700 4.17   -19.59%   -26.65% 29-Sep-2017 2.04 0.46 13.94 0.49 7.18% 0.98% 22-Nov-2017 2.12 0.48 14.48 0.51 6.90% 0.94%
31-Dec-2017 23-Aug-2017 30-Jun-2017 2 1,643,962 84,886 78,204 71,158 11,726 1,629,990 16.48% 4.76% 4.37% 390,885 420.57 420.57 18.20 18.20 3.00 3.00 4.1700 4.17   -8.42%   -4.38% 30-Jun-2017 2.25 0.53 12.36 0.54 8.09% 1.33% 23-Aug-2017 2.18 0.52 11.98 0.52 8.35% 1.38%
31-Dec-2017 24-May-2017 31-Mar-2017 1 1,672,288 90,488 84,052 77,700 - 1,610,281 - % 5.03% 4.83% 390,845 427.86 427.82 19.88 19.88 0.00 0.00 4.1200 4.12   17.60%   5.59% 31-Mar-2017 2.52 0.59 12.68 0.61 7.89% 0.00% 24-May-2017 2.42 0.57 12.17 0.59 8.21% 0.00%
31-Dec-2016 22-Feb-2017 31-Dec-2016 4 1,670,204 82,756 75,892 66,070 23,435 1,605,358 35.47% 4.54% 4.12% 390,598 427.60 427.28 16.91 16.90 6.00 6.00 4.1100 4.11   -15.30%   -17.82% 30-Dec-2016 2.14 0.50 12.65 0.52 7.90% 2.80% 22-Feb-2017 2.42 0.57 14.31 0.59 6.99% 2.48%
31-Dec-2016 23-Nov-2016 30-Sep-2016 3 1,643,968 95,494 88,638 78,005 15,632 1,598,405 20.04% 5.39% 4.88% 390,808 420.66 420.57 19.96 19.96 4.00 4.00 4.0900 4.09   4.82%   -19.85% 30-Sep-2016 2.50 0.59 12.53 0.61 7.98% 1.60% 23-Nov-2016 2.43 0.58 12.17 0.59 8.21% 1.65%
31-Dec-2016 25-Aug-2016 30-Jun-2016 2 1,602,072 91,080 84,804 74,420 23,451 1,586,896 31.51% 5.29% 4.69% 390,861 409.88 409.85 19.04 19.04 6.00 6.00 4.0600 4.06   1.13%   -42.19% 30-Jun-2016 2.01 0.49 10.56 0.50 9.47% 2.99% 25-Aug-2016 2.44 0.60 12.82 0.60 7.80% 2.46%
31-Dec-2016 18-May-2016 31-Mar-2016 1 1,495,744 87,764 83,428 73,588 - 1,570,189 - % 5.58% 4.69% 390,594 382.94 382.65 18.84 18.83 0.00 0.00 4.0200 4.02   -8.47%   -47.65% 31-Mar-2016 2.20 0.57 11.68 0.55 8.56% 0.00% 18-May-2016 2.20 0.57 11.68 0.55 8.56% 0.00%
31-Dec-2015 24-Feb-2016 31-Dec-2015 4 1,816,663 122,987 103,334 80,398 27,346 1,597,802 34.01% 5.69% 5.03% 390,660 465.02 464.75 20.58 20.57 7.00 7.00 4.0900 4.09   -17.39%   -28.36% 31-Dec-2015 2.40 0.52 11.66 0.59 8.58% 2.92% 24-Feb-2016 2.43 0.52 11.81 0.59 8.47% 2.88%
31-Dec-2015 18-Nov-2015 30-Sep-2015 3 1,836,450 148,753 125,088 97,318 57,307 1,590,284 58.89% 6.81% 6.12% 390,733 470.00 469.82 24.91 24.90 14.67 14.66 4.0700 4.07   -24.40%   -9.52% 30-Sep-2015 2.89 0.61 11.60 0.71 8.62% 5.07% 18-Nov-2015 2.83 0.60 11.36 0.70 8.80% 5.18%
31-Dec-2015 19-Aug-2015 30-Jun-2015 2 1,932,308 198,222 165,060 128,732 54,713 1,610,127 42.50% 8.54% 8.00% 390,807 494.44 494.34 32.94 32.93 14.00 14.00 4.1200 4.12   -8.41%   17.75% 30-Jun-2015 3.48 0.70 10.56 0.84 9.47% 4.02% 19-Aug-2015 3.09 0.62 9.38 0.75 10.66% 4.53%
31-Dec-2015 25-May-2015 31-Mar-2015 1 2,366,964 260,720 199,956 140,560 - 1,579,240 - % 8.45% 8.90% 390,901 605.51 605.54 35.96 35.96 0.00 0.00 4.0400 4.04   25.25%   50.04% 31-Mar-2015 3.29 0.54 9.15 0.81 10.93% 0.00% 25-May-2015 3.45 0.57 9.59 0.85 10.42% 0.00%
31-Dec-2014 27-Feb-2015 31-Dec-2014 4 1,774,144 132,183 123,625 112,222 31,255 1,523,695 27.85% 6.97% 7.37% 390,691 454.10 453.88 28.72 28.71 8.00 8.00 3.9000 3.90   4.33%   -18.96% 31-Dec-2014 2.90 0.64 10.10 0.74 9.90% 2.76% 27-Feb-2015 3.34 0.74 11.63 0.86 8.60% 2.40%
31-Dec-2014 18-Nov-2014 30-Sep-2014 3 1,816,825 123,229 119,269 107,562 36,473 1,496,725 33.91% 6.56% 7.19% 390,789 464.91 464.79 27.53 27.52 9.33 9.33 3.8300 3.83   -1.62%   -23.19% 30-Sep-2014 2.85 0.61 10.35 0.74 9.66% 3.27% 18-Nov-2014 2.82 0.61 10.25 0.74 9.76% 3.31%
31-Dec-2014 19-Aug-2014 30-Jun-2014 2 1,879,066 128,996 122,530 109,330 31,255 1,484,634 28.59% 6.52% 7.36% 390,693 480.96 480.72 27.98 27.97 8.00 8.00 3.8000 3.80   16.70%   -21.80% 30-Jun-2014 3.10 0.64 11.08 0.82 9.03% 2.58% 19-Aug-2014 2.88 0.60 10.29 0.76 9.72% 2.78%
31-Dec-2014 20-May-2014 31-Mar-2014 1 1,789,436 111,860 107,120 93,684 - 1,454,526 - % 5.99% 6.44% 391,001 457.65 457.79 23.96 23.97 0.00 0.00 3.7200 3.72   -32.35%   -28.49% 31-Mar-2014 3.25 0.71 13.56 0.87 7.37% 0.00% 20-May-2014 3.17 0.69 13.23 0.85 7.56% 0.00%
31-Dec-2013 20-Feb-2014 31-Dec-2013 4 1,959,689 155,323 154,369 138,480 23,441 1,437,721 16.93% 7.88% 9.63% 390,685 501.60 501.34 35.45 35.43 6.00 6.00 3.6800 3.68   -1.11%   1.49% 31-Dec-2013 3.21 0.64 9.06 0.87 11.04% 1.87% 20-Feb-2014 3.45 0.69 9.73 0.94 10.27% 1.74%
31-Dec-2013 20-Nov-2013 30-Sep-2013 3 2,310,485 198,933 179,773 140,041 15,623 1,410,047 11.16% 7.78% 9.93% 390,595 591.53 591.09 35.84 35.83 4.00 4.00 3.6100 3.61   0.16%   -0.86% 30-Sep-2013 3.60 0.61 10.04 1.00 9.96% 1.11% 20-Nov-2013 3.58 0.61 9.99 0.99 10.01% 1.12%
31-Dec-2013 22-Aug-2013 30-Jun-2013 2 2,367,050 198,558 178,210 139,814 23,445 1,387,198 16.77% 7.53% 10.08% 390,760 605.76 605.56 35.78 35.77 6.00 6.00 3.5500 3.55   6.72%   -0.80% 28-Jun-2013 3.83 0.63 10.70 1.08 9.34% 1.57% 22-Aug-2013 3.67 0.61 10.26 1.03 9.75% 1.63%
31-Dec-2013 29-May-2013 31-Mar-2013 1 2,439,684 187,052 166,712 131,004 - 1,371,790 - % 6.83% 9.55% 390,823 624.24 624.14 33.52 33.51 0.00 0.00 3.5100 3.51   -3.99%   -20.16% 29-Mar-2013 3.47 0.56 10.35 0.99 9.66% 0.00% 29-May-2013 4.06 0.65 12.11 1.16 8.26% 0.00%
31-Dec-2012 25-Feb-2013 31-Dec-2012 4 2,267,658 197,318 175,420 136,442 29,469 1,123,115 21.60% 7.74% 12.15% 327,438 692.54 580.13 38.34 34.91 9.00 7.54 3.4300 2.87   -3.41%   12.54% 31-Dec-2012 3.21 0.46 7.70 0.94 12.98% 2.80% 25-Feb-2013 3.31 0.48 7.94 0.97 12.59% 2.72%
31-Dec-2012 08-Nov-2012 30-Sep-2012 3 2,323,865 200,549 182,996 141,253 12,247 1,025,719 8.67% 7.87% 13.77% 306,184 758.97 594.51 46.13 36.14 4.00 3.13 3.3500 2.62   0.22%   11.71% 28-Sep-2012 3.36 0.44 7.28 1.00 13.73% 1.19% 08-Nov-2012 3.38 0.45 7.33 1.01 13.65% 1.18%
31-Dec-2012 09-Aug-2012 30-Jun-2012 2 2,315,896 200,010 183,528 140,944 15,794 866,092 11.21% 7.92% 16.27% 263,249 879.73 592.47 53.54 36.06 6.00 4.04 3.2900 2.22   -14.10%   18.42% 29-Jun-2012 2.99 0.34 5.58 0.91 17.91% 2.01% 09-Aug-2012 3.92 0.45 7.32 1.19 13.66% 1.53%
31-Dec-2012 24-May-2012 31-Mar-2012 1 2,174,644 224,768 207,056 164,084 - 1,147,032 - % 9.52% 14.31% 243,015 894.86 556.33 67.52 41.98 0.00 0.00 4.7200 2.93   35.34%   7.51% 30-Mar-2012 3.54 0.40 5.24 0.75 19.07% 0.00% 24-May-2012 2.83 0.32 4.19 0.60 23.86% 0.00%
31-Dec-2011 24-Feb-2012 31-Dec-2011 4 1,705,573 150,591 138,071 121,237 14,572 944,769 12.02% 8.10% 12.83% 242,871 702.25 436.33 42.60 31.02 6.00 3.73 3.8900 2.42   -4.12%   -14.70% 30-Dec-2011 2.45 0.35 4.91 0.63 20.37% 2.45% 24-Feb-2012 3.55 0.51 7.11 0.91 14.06% 1.69%
31-Dec-2011 10-Nov-2011 30-Sep-2011 3 1,617,748 158,717 143,778 126,441 19,422 1,077,956 15.36% 8.89% 11.73% 242,782 666.34 413.87 52.08 32.35 8.00 4.97 4.4400 2.76   6.23%   -16.09% 30-Sep-2011 2.29 0.34 4.40 0.52 22.74% 3.49% 10-Nov-2011 2.40 0.36 4.61 0.54 21.70% 3.33%
31-Dec-2011 11-Aug-2011 30-Jun-2011 2 1,583,660 150,832 136,930 119,022 - 1,058,620 - % 8.65% 11.24% 242,802 652.24 405.14 49.02 30.45 0.00 0.00 4.3600 2.71   -22.01%   -24.40% 30-Jun-2011 2.48 0.38 5.06 0.57 19.77% 0.00% 11-Aug-2011 2.28 0.35 4.65 0.52 21.50% 0.00%
31-Dec-2011 24-May-2011 31-Mar-2011 1 1,639,252 185,516 171,768 152,620 - 1,029,847 - % 10.48% 14.82% 241,182 679.67 419.37 63.28 39.04 0.00 0.00 4.2700 2.63   7.38%   -4.46% 31-Mar-2011 2.32 0.34 3.67 0.54 27.28% 0.00% 24-May-2011 2.28 0.34 3.60 0.53 27.75% 0.00%
31-Dec-2010 17-Feb-2011 31-Dec-2010 4 1,528,494 172,402 162,495 142,136 24,238 1,018,004 17.05% 10.63% 13.96% 242,382 630.61 391.03 58.64 36.36 10.00 6.20 4.2000 2.60   -5.68%   113.64% 30-Dec-2010 2.57 0.41 4.38 0.61 22.82% 3.89% 17-Feb-2011 2.48 0.39 4.23 0.59 23.65% 4.03%
31-Dec-2010 11-Nov-2010 30-Sep-2010 3 1,543,140 185,828 170,225 150,688 16,114 986,221 10.69% 11.03% 15.28% 241,720 638.40 394.78 62.21 38.55 6.67 4.12 4.0800 2.52   -4.28%   146.77% 30-Sep-2010 2.44 0.38 3.91 0.60 25.55% 2.73% 11-Nov-2010 2.32 0.36 3.72 0.57 26.87% 2.87%
31-Dec-2010 17-Aug-2010 30-Jun-2010 2 1,537,302 194,094 177,496 157,432 - 964,620 - % 11.55% 16.32% 241,759 635.88 393.28 65.04 40.28 0.00 0.00 3.9900 2.47   -1.45%   237.74% 30-Jun-2010 2.23 0.35 3.42 0.56 29.20% 0.00% 17-Aug-2010 2.43 0.38 3.73 0.61 26.80% 0.00%
31-Dec-2010 24-May-2010 31-Mar-2010 1 1,455,340 180,804 181,388 159,748 - 928,322 - % 12.46% 17.21% 242,381 600.43 372.32 66.00 40.87 0.00 0.00 3.8300 2.37   140.11%   326.68% 31-Mar-2010 2.09 0.35 3.17 0.55 31.53% 0.00% 24-May-2010 2.08 0.35 3.16 0.54 31.69% 0.00%
31-Dec-2009 11-Feb-2010 31-Dec-2009 4 1,101,638 85,254 76,711 66,532 14,526 893,393 21.83% 6.96% 7.45% 242,111 455.01 281.83 27.49 17.02 6.00 3.72 3.6900 2.29   8.95%   -43.20% 31-Dec-2009 1.99 0.44 7.24 0.54 13.81% 3.02% 11-Feb-2010 2.04 0.45 7.42 0.55 13.47% 2.94%
31-Dec-2009 05-Nov-2009 30-Sep-2009 3 1,078,909 79,349 71,397 61,065 - 873,860 - % 6.62% 6.99% 242,066 445.71 276.02 25.23 15.62 0.00 0.00 3.6100 2.24   31.00%   -54.50% 30-Sep-2009 1.78 0.40 7.06 0.49 14.17% 0.00% 05-Nov-2009 1.85 0.42 7.33 0.51 13.64% 0.00%
31-Dec-2009 06-Aug-2009 30-Jun-2009 2 1,021,964 61,224 54,816 46,614 - 856,768 - % 5.36% 5.44% 242,024 422.26 261.45 19.26 11.93 0.00 0.00 3.5400 2.19   24.50%   -65.98% 30-Jun-2009 1.77 0.42 9.19 0.50 10.88% 0.00% 06-Aug-2009 1.82 0.43 9.45 0.51 10.58% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


Analyze this stock with MQ Trader system
  leno likes this.
 
commonsense Hi Mike,

Here is my reply for your second portion of the question. Please don't get me wrong, I am not saying that the businesses that you mentioned in your post are bad investment (except maybe Zelan for the very risky outlook that it's facing at the moment). Just that when compared to other companies (like MBMR for example) the companies that you listed looks a lot more expensive (at least in PE and PB terms).

1) Zelan. As mentioned before, i still believe it to be a very risky investment. If you really are interested then maybe you should wait for the arbitrage decision which should be out by this week anyway. The issue is the equity to shareholders is already at 54% of the paid up capital. Based on the Annual report, any further losses amounting to RM20mil would reduce the equity to lower than the 25% paid up capital which could pose a risk of being a PN17 companies. I believe the 1Q19 result would deliver a loss of between RM5 to RM10 mil still. So if the Abu Dhabi court decide to reward Zelan anything that is lower than the RM184 mil of receivable amount due by Meena recorded in Zelan's book, then they will need to impair the receivables. If its more than RM20mil then there is a risk for Zelan to be listed as a PN17 company. Another way for Zelan to strengthen its balance sheet back is either by making a capital fund raising like Scomi and Perdana or by restructuring the debt (basically converting the debt amount to equity like KFM). That being said it is still bad for the shareholders.

2) Velesto: As mentioned before, i doubt that the company can make any significant profit in the near and mid term at least not until the charter rates improve significantly. Given the company's market cap of RM2.2bil for it to achieve a PE of 10x, it would need to deliver a profit of RM220mil per annum. The last time they managed to achieve profit of that magnitude was in FY14 just before the oil price tumble. The charter rate back then was double what they received at the moment.

3) Zhulian. An MLM company. Actually at the current price, the company is not that expensive. Only 11.4x trailing PE and 0.9x PB. Just that at the moment, i still have a lot of companies to study that is trading at below 8x PE and has potential growth in profit achievable in the next 12 months. Maybe when my list of companies are exhausted, i will take a look at Zhulian as an investment.

4) Inari. Again a good company. Might have some short term headwind at the moment given the increasing escalation of US China trade war. I am not interested mainly due to its valuation of 22x PE ( at the same valuation MBMR would be trading at RM10.52 per share) and 4.2x PB. At this rich valuation, they need to deliver a very strong profit growth to shareholders which might be hard at the moment.

5) AHB. I have to be honest, i never heard of the company before. In their website, they mentioned that they are an interior office designer business. I would assume that you can categorize them as a property industry correlated company. They are not actually a PN17 company. Market cap of RM26mil and profit of RM 1.6mil for the past 12 months bringing its valuation to 16x PE. PB is actually low at only 0.7x (similar to MBMR). That being said if you want exposure to property industry companies, there are a lot of candidates at the moment. My preference is Symphony Life which is currently developping the Star Residence near KLCC. The take up rate is high. Symlife has a valuation of only 4.5x PE and PB of 0.3x.

Best Regards.
28/05/2019 1:41 PM
Mike Chong Commonsense, thanks for your reply. As it is just fundamental analysis and will affect by others factors , let’s share 4 of your pick stocks and see by year end how is the ROI . My pick are : 1) Zhulian ( rm1.38 ) 2) Inari ( rm 1.51 ) , 3) AHB ( Artwright , rm 0.145 ) , 4) Zelan ( rm 0.07 , although I bought much lower ) . By year end is just a period indicator as it can be sell at any time to lock in the profits and see the performance by year end .Hope you can share with us your 4 pick stocks.
29/05/2019 5:36 AM
commonsense Hi mike,

I dont actually see the value in the exercise that u are proposing here. I think people already did a competition on that in i3 ( but most of the invitation are for promenant/ famous forumer). I did not get the invitation.

That being said, if u are looking for potential investment candidates for ur portfolio, i would suggest the following:

1) MBMR for the reasons mentionned earlier in my post. There is an update from this morning agm. Will share it if no one else have done yet later.

2) Lii Hen. Furniture stock that might proof to be a beneficiaries of the US China trade war as US furniture business will look to diversify their supply chain outside of china. As of 2018 China represent 65% (or around usd20 bil of us furniture import. Tariff on china furniture was raised to 25% from 10% earlier this month). 1q19 growth still have yet to show the potential affect of the US diversification. Most of the growth was mainly from usd appreciation. Expecting sales in usd term to start growing in 3q19. For 2q19 profit growth will still come from the strengthening of USD.
Current valuation is still cheap at only 8x pe.

3) Symlife. Property companies where the maiden profit will comes from the star residence project near KLCC. Take up rate is high. As mentioned b4, Pe is only 4.5x. Actually quit straight forward just like any other property stock. As long as the take up rate is high and projects can be deliver on time, company should be able to make money.

4) Muda Holdings. Industrial paper manufacturer. Expected increase of margin due to the fall of waste paper price which is the raw material for industrial paper. Since last year, China has been more strict in approving the type of wastepaper into the country which has resulted in the oversupply of wastpaper from Us and Europe. At the same time china had also imposed a 25% tariff on all wastepaper from US which is why wastepaper price has fallen substantially. The restrictions by China had also resulted in a lot of paper mill in china to stop or cut their production of industrial paper substantially. This increase the industrial paper price in China which resulted in other paper mills in Asia to sell their products in China instead of markets like malaysia. Given the lesser competition from overseas player, Muda will be able to sell more volume at a price that is good for the company. Current valuation is on 7x PE.

Actually mike, what is important besides the choice of the shares is maybe the reasoning. Some people might want to know why exactly you pick the stock. Maybe u can post it on the companies respective forum to share with others. Off course later there will also be some investors that would want to scrutinize on ur thesis. But isn't that whats this forum is for? I doubt u or me can affect too much on the share price of a company. Even if we promote a company like crazy, they will still fall if they fail to deliver on the result. The opposite is also true as well.

Best Regards. Good luck on ur investment.
29/05/2019 1:40 PM
commonsense Hi Guys,

Just some updates on the AGM. It was quite fast and very straight forward. Only one shareholder who asked questions ( but really good ones). Here are the summary:

1) alloy wheel business has ceased operation since yesterday. So there should be no more losses from this division starting from at least 3Q19 onwards. Investors can expect to finally see profit coming from the auto component division which was before dragged by the alloy wheels result. Expect an increase of profit by between 10 -15% for 3Q19 from the closure of alloy wheel.

2) With the decreasing of debt and steady generation of cash from operation and investments amounting to Rm150mil per annum (mostly dividend from associates and JV), the company is expected to have a steady build up of cash reserves in the future ( on top of the current cash reserve of around rm200mil). For the mean time, management has indicated that potential dividend for FY19 would most probably be higher than the 12 sen dividend in FY18. Hopefully, given the stronger balance sheet, management can reward shareholders with dividend payment that is higher than the record 18 sens paid before.

3) a shareholder highlighted to management that they should revised the company's investment properties of value form cost basis to the current market value. In the annual report (page 116) the investment properties has a value of RM59mil which is the cost paid by the company. The actual market value of the investment properties (which is actually indicated in the notes on the same page) is RM 137 mil or rm78mil more than in the balance sheet. This would mean the actual NTA for MBMR is not RM4.14 per share (as of mar 19) . The amount should be higher to reflect the true value of the investment properties. Real NTA is RM4.34 per share.

Anyway, seems like 2019 wilk be another good year for MBMR.

Best regards.
29/05/2019 2:42 PM
yongch Today free 20kfc voucher,rm7parking,free coffee or tea plus previous dividend...ok la!!!!rushing attended another 10 more AGM...really time is money!!!
29/05/2019 3:53 PM
Op3rs thx common sense :)
29/05/2019 5:13 PM
Mike Chong Proton suv hit purchases 30000 unit . April sales lower , May sales ?
03/06/2019 8:34 AM
Mike Chong Aruz order book is 25000 unit.
03/06/2019 5:23 PM
Sebastian Sted Power https://www.youtube.com/watch?v=TBvwnzDI5zQ

watch from 1:58 onwards
04/06/2019 1:25 AM
Mike Chong New Persona with AI...??
07/06/2019 2:09 PM
GLNT EPF please continue to sell more! Thanks!
11/06/2019 3:14 PM
Sebastian Sted Power sold half of my holding change to Proton X70. Fair fair because my house got one Aruz, another one X70. Share holding also need 50-50
11/06/2019 3:59 PM
Mike Chong X70 will bring u X50....
12/06/2019 8:43 AM
Mike Chong What happen drbhcom and bauto up ....
13/06/2019 9:49 AM
OhYES bauto achieve higher profit and declare 10.5 sen huge dividends.
13/06/2019 11:07 AM
Sebastian Sted Power MBMR better 6cents div, but today ex-DIV still stable. Mean 6cents free in pocket
13/06/2019 5:00 PM
Mike Chong Post removed. Why?
17/06/2019 10:31 AM
Hafid Hino Motors has been in Malaysia for 40 years and is Japan’s oldest motor vehicle manufacturer, with its trucks and buses marketed in over 70 countries worldwide.

So how is Hino maneuvering the rapid changes in the transportation sector?

We speak to Hino Malaysia's newly minted Managing Director Atsushi Uchiyama, on the companies longstanding presence in Malaysia as well as its future plans for growth.
19/06/2019 4:49 PM
Mike Chong Post removed. Why?
23/06/2019 11:31 AM
Mike_chong Post removed. Why?
28/06/2019 6:12 AM
Mike_chong Post removed. Why?
28/06/2019 12:55 PM
Mike Chong Same like con man in netx....
29/06/2019 2:02 PM
Mike Chong Black face and white face again.....
01/07/2019 9:11 AM
Sebastian Sted Power 11 June I have sold half of my mbmr holding to drb. Surprisinglyfrom less than a month already gain 10% while mbmr price still no movement at 2.90 like that
03/07/2019 9:09 AM
Mike Chong Post removed. Why?
03/07/2019 9:50 AM
Mike Chong Sebastian, congrate to u , drb now up 7 cent , seems will bring u x50...
03/07/2019 11:45 AM
Sebastian Sted Power most funny is both entry price for mbmr and drb is same at 2.15
04/07/2019 8:20 AM
Icon8888 I dumb dumb hold

Dumb people like me only knows dumb dumb hold

Not like mike Chong so clever
04/07/2019 8:25 AM
anticon Posted by Icon8888 > Jul 4, 2019 8:25 AM | Report Abuse

I dumb dumb hold

Dumb people like me only knows dumb dumb hold

Not like mike Chong so clever



You scumbag conman Icon8888 say you dumb dumb hold, my foot, even for half a cent gain you will sell and cabut. Friends, don't believe this conman & scumbag Icon888 as I caught him a number of times curi curi sell at half a cent again when all the time he con members saying that it will rise by how much. This conman Icon8888 is a real scumbag indeed. Never trust him as alot of members already scold him for cheating them. BTW, this conman scumbag Icon888 uses more than 20 alias or false accounts here, just beware of him as a reminder.
04/07/2019 8:34 AM
Mike Chong Wah Sebastian, you r better than commonsense lo, I think he is shy away from u . When u bought mbmr?
04/07/2019 9:53 AM
Mike Chong Sebastian, the most funny is your comment on 5/3/19, entry price at 2.60:

Sebastian Sted Power RM2.60 here I come. I'm perodua lover
05/03/2019 4:47 PM

Ha ha , all these are commonsense black and white face with so many alias name to remove others info comments.sebastian , icon8888, hafid???
04/07/2019 11:02 AM
Mike Chong Very funny lo... got buy or not ....not to con traders....
04/07/2019 12:24 PM
Sebastian Sted Power Walao! You like me say me. march 2019 is second time. Early early bought before that dontmakesense

You can go check at other forum I also condemn that dontmakesense go here and there promote
04/07/2019 3:44 PM
Sebastian Sted Power If I liar then quick quick hide under blanket liao. Dont come blow with you
04/07/2019 3:48 PM
Sebastian Sted Power Are you sure we are referring to the real ICON8888? I found the is 1CON8888, iCON8888, IC0N8888
04/07/2019 3:50 PM
Sebastian Sted Power Dear Mr XXX,

This is to inform you of your cash dividend entitlement with details as follows:

Account No. 1001XXXX
Stock Name MBM RESOURCES
Cash Dividend (RM) XXXXX
Please note that the above dividend will be credited to the cash position of your account by the end of the day.

Should you require further assistance, please call our Customer Service Representatives during office hours or email us at customerservice@rakutentrade.my.
04/07/2019 4:56 PM
Richard Lee TOP 4 in this forum:

1- mike chong
2- icon
3- common
4- Sebastian

sound like all of you are major shareholder
04/07/2019 7:56 PM
Mike Chong Wah Sebastian your old friend Ruchard Lee follow you, can ask what share he bought?? I scare he P.E.C.C.i.b.a.i again.....
04/07/2019 9:06 PM
Mike Chong Sebastian, pls ask nicely as Ruchard Lee only major shareholder will comments, don’t waste his precious time......
04/07/2019 9:15 PM
Sebastian Sted Power maybe I shall follow you all in NETX. Easily can double triple profits
05/07/2019 2:19 AM
James Ng https://klse.i3investor.com/blogs/general/213922.jsp
[转贴] [MBM RESOURCES BHD:更高的表现得益于对Perodua车辆的良好需求,特别是对Myvi和Axia车型的需求,以及自2018年11月推出以来引起了人们浓厚兴趣的Perodua Aruz的补充] - James的股票投资James Share Investing
06/07/2019 10:12 AM
Richard Lee Muke, you talk so much got earn a single cent?
08/07/2019 8:02 AM
Mike Chong Ruchard 你,why u envy meh? Cool down if make loss.....
08/07/2019 8:44 AM
RogerTan901111 https://www.thestar.com.my/business/business-news/2019/07/12/revamp-in---mbm-resources-board-of-directors/
12/07/2019 8:30 AM
Mike Chong Meaning major shareholder won, commonsense any comments?
12/07/2019 11:17 AM
yongch Hahaha...since given up alloy wheels business stop bleeding most vehicles hit highest sales record hold more cash spend big given dividend all shareholders plus sponsored all branches managers overseas trip...more more positive news coming!!!!tp 3.30 definitely will b hit hope for the best!!!!
12/07/2019 11:24 AM
Mike_chong Ha ha major shareholder want cash ....Cash is King....
12/07/2019 5:23 PM
Richard Lee Commonsense (a.k.a Aminar Rashid Salleh) is major shareholder kot. Hahaha!! Weird that Common very diam now
13/07/2019 5:31 PM
megatti_maf Common might be the EPF fund manager who is on Switzerland holiday now. Bilis dont be hatin
15/07/2019 7:13 PM
Sebastian Sted Power Common takut Mike liao. Hide so long

Anyway, let read what CEO talk today on half year performance. Its look good

https://www.thestar.com.my/business/business-news/2019/07/17/perodua-revises-upwards-sales-target-to-235000-units/
17/07/2019 3:21 PM