Highlights
KLSE: MBMR (5983)       MBM RESOURCES BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
3.23   +0.05 (1.57%)  3.23 - 3.28  37,000
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News & Blogs

Date Subject
23-Sep-2021 Automotive - Aug – MoM Recovery With Relaxations in Place
17-Sep-2021 Traders Brief - Consolidation to Continue
27-Aug-2021 MBM Resources - Banking on Stronger 2HFY21
26-Aug-2021 MBM Resources Bhd - 1HFY21 Within Our Expectation
26-Aug-2021 MBM Resources - Expecting a Stronger 2HFY21
02-Aug-2021 Traders Brief - A Choppy Month Ahead as Investors Reassess the Earnings, Covid-19 and Political Risks
30-Jul-2021 Traders Brief - Extended Consolidation Amid Political Fluidity and Elevated Covid-19 Cases
29-Jul-2021 Traders Brief - Fluid Politics and Dire Covid-19 Situation Remain a Drag to the Market
28-Jul-2021 Traders Brief - Lacklustre Trade to Continue Ahead of the Fed Outcome
27-Jul-2021 Traders Brief - Multiple headwinds to dampen sentiment
19-Jul-2021 Automobile - Operating conditions to improve post-lockdown
08-Jul-2021 Automotive - SST exemption the saving grace
05-Jul-2021 Automotive - Driving Through the Lockdown
22-Jun-2021 Automotive - May-YTD Growth Driven by Low Base Effect
22-Jun-2021 Automotive - Chip Shortage, Lockdown Restraint
22-Jun-2021 晶片荒会 否影响MBM资源?
14-Jun-2021 Traders Brief - FMCO extension to undermine sentiment
08-Jun-2021 MBM资源谨慎乐观
08-Jun-2021 Traders Brief - Extended consolidation as investors gauge local Covid- 19 cases, vaccination progress, and US May CPI data
31-May-2021 Automotive - Locked Out of Sales in June, SST Exemption Extended?
28-May-2021 MBM Resources - Leverage to SST Exemption
18-May-2021 【行家论股/视频】MBM资源 美元走高拉低财测
05-May-2021 PublicInvest Research Headlines - 5 May 2021
22-Apr-2021 Automotive - Strong Rebound in March
12-Apr-2021 【行家论股/视频】MBM资源 3年派息预测上调
02-Apr-2021 Automotive - Riding on Economic Recovery in 2021
25-Mar-2021 MBM Resources - Riding on Perodua’s Resiliency
24-Mar-2021 2月回弹 车商促销 3月汽车销量料更强劲
15-Mar-2021 3利好加持 汽车年销售60万可期
08-Mar-2021 MBM Resources - To Continue the Strong Trend Into 2021
01-Mar-2021 MBM Resources - To Continue the Strong Trend Into 2021
26-Feb-2021 MBM Resources - Above Expectations
26-Feb-2021 MBM Resources - Scores best-ever quarterly profits in 4Q20
26-Feb-2021 MBM Resources Bhd - FY20 Above Expectations
26-Feb-2021 MBM Resources - A Record Quarter
23-Feb-2021 Automotive - A Slow Start for 2021
18-Feb-2021 东盟电动车竞赛 大马远远落后
08-Feb-2021 宝腾马自达销售标青 汽车业保持加码
08-Feb-2021 Mplus Market Pulse - 8 Feb 2021
29-Jan-2021 Economics & Strategy - In Between a Rock and a Hard Place
27-Jan-2021 Automotive - Strong Finishing for 2020
26-Jan-2021 Automotive - SST-Exemption Boosted Year-End Sales Frenzy
21-Jan-2021 Daily technical highlights – (MBMR, SLVEST)
18-Jan-2021 Automotive - Driving on Under MCO 2.0
14-Jan-2021 Traders Brief - Positive undertone to drive KLCI towards 1650-1668 levels after breaking above 1618 barriers
13-Jan-2021 Traders Brief - Sideways Trend Remains But More Upside If Breaks Above 1618-1636 Barriers
12-Jan-2021 Traders Brief - Market to stay choppy within 1572-1638 territory
06-Jan-2021 Automotive - SST Exemption Extension and New Models
05-Jan-2021 Automotive - Extension of SST exemptions
04-Jan-2021 Trading Stocks - MBM Resources
04-Jan-2021 Automobile - Extension of SST exemption a surprising New Year’s gift
30-Dec-2020 Automotive - SST-exemption Extended to 30th June 2021
21-Dec-2020 Economics & Strategy - The gradual path to normalcy
18-Dec-2020 Traders Brief - Extended profit taking activities will cap upside at 1700
17-Dec-2020 Traders Brief - Facing stiff resistances at 1700-1730 levels
16-Dec-2020 Traders Brief - To re-challenge 1700-1732 territory amid vaccines’ optimism and Dec window dressing
01-Dec-2020 Automotive - Continued Strong Oct TIV
26-Nov-2020 MBM Resources - A strong rebound this quarter
20-Nov-2020 【行家论股/视频】MBM资源 今明年财测上调
20-Nov-2020 MBM - Solid Rebound
20-Nov-2020 MBM Resources - Positives Are Priced In; Maintain HOLD
20-Nov-2020 Mplus Market Pulse - 20 Nov 2020
20-Nov-2020 MBM Resources Bhd - 9MFY20 Above Our Expectation
20-Nov-2020 MBM Resources - A strong rebound this quarter
20-Nov-2020 MBM Resources - Registers best-ever quarterly profit in 3Q20
05-Nov-2020 (CHOIVO CAPITAL) MBMR (5983) - 10% Projected Dividend Yield, All Time High Revenue and Earnings (SUMMARY)
28-Oct-2020 Traders Brief 28 Oct 2020 - Building Base Near 200D SMA Ahead of the Budget 2021 on 6 Nov and Nov Reporting Season
21-Oct-2020 税务假期抵销行管冲击‧汽车买气料延至末季
21-Oct-2020 Automotive - Continued Strong Sep TIV
21-Oct-2020 Automobile Sector - Perodua Registers Record High Monthly TIV In Sep
07-Oct-2020 Automotive - New Launches to Soften the End of Moratorium
02-Oct-2020 Economics & Strategy - Recovering But Not Out of the Woods
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  leno likes this.
 
RaksasaKambing There will be a beat down due to the new MCO. I expect good entry prices will come in the next week, maybe (optimistically) even sub 3 ringgit
29/05/2021 6:36 AM
RaksasaKambing Will be watching this counter
29/05/2021 6:39 AM
SincereStock yea haha, will try to grab more too if there is good discount
29/05/2021 11:41 AM
SincereStock bought 36 lot at 3.16 just now haha @raksasakambing did u got some too?
31/05/2021 10:52 AM
SincereStock possibly the last mco before Malaysia mass immunity, takut apa, this morning free discount on uptrend stock for nothing, no more discount, TP easily rm4 above
31/05/2021 3:34 PM
RaksasaKambing @Sincerestock my TP is a bit lower than current prices. Maybe it won't move much due to high institutional holding
31/05/2021 8:32 PM
SincereStock perhaps retailers also learned their leason previously, won't panic selling that much already this time
31/05/2021 9:46 PM
SincereStock 3.15 is a very much tested bottom as of now
31/05/2021 9:48 PM
SincereStock good start of fmco, strong gap up!
01/06/2021 9:03 AM
RaksasaKambing Additional loan moratorium is a big deal for the industry.
01/06/2021 11:27 AM
PenangLang9180 Previously scheduled to end on June 2021, now extends to the end of this year.

https://paultan.org/2021/05/31/government-extends-sst-exemption-period-again-to-dec-30-2021-100-on-new-ckd-cars-50-for-cbu/
02/06/2021 9:58 AM
SincereStock cash > total liabilities = risk free = high potential to improve the already very high dividend payout by further improving EPS or simply recurring current EPS in upcoming QR (current already high DY is still just less than half of the total earning)

next QR YoY also has very good chance to improve as the last same QR records negative result, thus further lowering the already very low PE with the release of next QR

positive future prospect + loan moratorium + extends of sst excemption

undoubtly the current most undervalued among the listed automotive companies
02/06/2021 10:28 PM
SincereStock big volume is yet to come since the latest QR released on 27 may, the price has already shown to be moving in positive direction, imagine what will happen when bigger volume come in, don't wait until too late

personally myself have just entered this counter since 28 may after research on this company on 27 may, realising it is deeply undervalued. afterward on next trading day 1 june, add on again by successfully buying the dip during the fmco panic sell. currently still holding tight with good paper earning already, can't wait until it fly~!
02/06/2021 10:41 PM
flippiwippi good company to move capital after mmccorp privatization...
03/06/2021 8:30 PM
SincereStock @flippiwippi definitely, but I already invest major part of my capital here, maybe my mmc capital and profit can go else where, any other good suggestion?
04/06/2021 8:10 AM
aliyusof SincereStock, u still keep mmc till SCR completion? Not buying more at 1.81? Mmc really undervalued stock that SM will have it for himself loh...
17/06/2021 12:09 PM
SincereStock @aliyusof buy more already at 1.80 earlier, just not all in, need some free cash for opportunity else where also, don't want put all money in 1 basket, beside there is still risk here although it is very very minor one
17/06/2021 12:17 PM
aliyusof Agreed. Rsk quite low, think SM will get it at 2. He has very good succesful privatization track record in the past.
17/06/2021 12:23 PM
SincereStock market index recovered quite a lot today, mbmr still few steps behind, bauto also just released improved QR, but of course mbmr is still far better, PE 7.15, DY 6.16, NTA clean clean net cash and asset, time for the price to catch up with it's true value

good chance to enter or reenter while it is still at weakness next trading day
18/06/2021 11:57 PM
Che115 hello I am new here~ wah Kenapa letak SD logo?
22/06/2021 6:13 PM
Jeffson87 Sincerestock, can consider uchitec. Reasonable PE, high DY, low debt, stable growth. Can have a look for long term investment =)
22/06/2021 11:29 PM
Jeffson87 Forgot to mention very very high ROE too. If it matters to u. Cheers
22/06/2021 11:31 PM
SincereStock @Jeffson87 I prefer stock price with NTA discount, anyway thanks for your suggestion
24/06/2021 10:20 PM
keithtrade MBMR great value at current price, safe long term investment with a 6% + yield.
25/06/2021 7:43 AM
Jeffson87 Sincerestock. I see. Can have a look at Oriental Holding or MFCB then.
26/06/2021 10:35 AM
SincereStock @jeffson87 I just checked both, Oriental not bad, cash balance more than total liabilities. I like clean NTA like this. but MFCB actually priced above NTA, the NTA not yet updated after recent stock split. thanks again for your kind suggestions
26/06/2021 12:48 PM
shiby anyone in this forum receive the divident the recently ex?..
05/07/2021 11:26 AM
keithtrade Yes came into my account on Friday
05/07/2021 2:43 PM
RaksasaKambing Yeah came in for me too
05/07/2021 4:16 PM
keithtrade Is the factory closed during current MCO?
07/07/2021 6:38 AM
RaksasaKambing I believe automotive manufacturing isn't open during MCO. Sales won't be running anyhow, but if they could do some manufacturing during this, there would be more stock ready for when things re-open. The wait time for some car models was quite long due to demand
09/07/2021 2:42 PM
shiby @ RaksasaKambing fyi rtd @ jpj office already open since 1st july.but sale for may /june 2021 will report low number due to mco so no need to be panic
13/07/2021 6:44 PM
RaksasaKambing One thing to note is how automotive sales work. If you're in F&B and you close for 2 months, those two months are lost because people will just have to get their food elsewhere. When you open back, they don't come and buy the quantity of food they lost for 2 months. Whereas when it comes to buying vehicles, if you are going to buy a car in 2021/22, it doesn't matter that you can't buy during a certain month. The pent-up demand will come back when the stores re-open.

With that said, it is still important that the economy does well. If people don't have money, they can't buy cars. But overall I do not expect the total sales to be much affected by the intermittent closures. More important is whether production levels stay up and the marques we invest in continue to offer competitive models that the market wants.
14/07/2021 9:36 AM
wallstreetrookie With fewer new cars being made amid a shortage in critical semiconductors, both retail consumers and rental car companies have gone to the used-vehicle market to get the wheels they need. Wholesale prices have soared as a result, up 54% in April from a year earlier at Manheim, the nation’s largest vehicle auction house.

Most analysts say the increase in car prices, like the spike in inflation as a whole, will likely be transitory as production ramps up and demand subsides. Auto sales had soared amid a pandemic-era boom in road trips and hesitancy to take public transportation, trends that look likely to fade over coming months.
21/07/2021 4:10 PM
charliecharlie juz sold my holdings in this counter, swapping it to General motor...hope our beloved administration dun drag all the counters to a few years behind / backwards
22/07/2021 3:15 PM
Bgt 9963 Post removed. Why?
22/07/2021 4:37 PM
PenangLang9180 https://www.theedgemarkets.com/article/auto-sales-shrank-1921-units-june-maa-trims-tiv-forecast

Malaysia's Automotive Association (MAA) reduced Total Industry Volume (TIV) Forecast
23/07/2021 5:13 PM
Dakewlest Thinking of buying. Any thoughts, anyone?
24/07/2021 2:24 AM
Bgt 9963 Post removed. Why?
24/07/2021 10:34 AM
idunwork https://keyauto.my/2021/07/24/maa-announce-june-sales-report/
25/07/2021 12:36 PM
RaksasaKambing Depends on your needs and investment strategy. This is the 'buy and then close eye' type of counter. Not very volatile, backed up by high NTA, pays you dividends. The next quarter report will be good but subsequent quarter not good due to FMCO, but you can expect a bounce back in Q4 of this year and Q1-2 of next year. Most likely the SST holiday will be extended yet again. Current entry price is reasonable.
27/07/2021 10:08 AM
lamdba Seems like a good bargain now...
06/08/2021 12:14 AM
Bgt 9963 Post removed. Why?
06/08/2021 8:51 AM
Hafid economy so bad where got people buy car.
06/08/2021 3:12 PM
tailangong No people buy car but got people maintain car ma..major downturn is due to foreign investors all run la. Our political situation so worse,
11/08/2021 11:13 PM
Bgt 9963 Post removed. Why?
12/08/2021 7:58 AM
EatCoconutCanWin Ppl already suffer covid, no money, no eat, no income, all loan. Buy car for what, siao meh. Last time can buy new car as want to show off during cny , raya or Christmas. Now no die of covid can d. Impossible august got selling 6000+ car , this info really misleading. I didn't see new plate on car. TP 1.50
04/09/2021 9:34 AM
PenangLang9180 EatCoconutCanWin Perodua reduced its sales target to 214k from 250k previously for FY2021 it's lower than 2018 (227k),2019 (240k) and 2020 (220k) historical sales but still higher than my expected sales given that they have been facing chip shortage and shut down of production plants and showroom.

In many places of Malaysia including KL and Selangor, personal vehicle is a neccessity and Perodua offers the most affordable cars starting at 30k and with 7-yeras loan, monthly payment is less than RM600 for the cheapest AT Axia and slightly under RM650 for the cheapest AT Bezza.

Of course you could argue that 2nd hand cars and motorcycle is another option, but they serve a different group consumers most of the time. I think bad economy not a major concern to Perodua sales, since given the adverse economic prospect Perodua is expected to eats up marketshare from more premium foreign brands as well.
04/09/2021 10:22 AM
RaksasaKambing The hierarchy is (generally) as such: used vehicles -> national vehicles -> Japanese/Korean -> Continental -> Luxury. What we find is that a lot of the middle class people who usually buy Japanese are more likely to drop down to national vehicles for cost savings.

Proton is the main competitor to Perodua in the lower segments (Saga vs Bezza, Myvi vs Iriz) but we find that their new Geely-based products like X50 and X70 are more like eating up the upper tier Japanese and Conti sales (e.g. buy X70 instead of CX-5, X1 or CR-V), rather than eating up Perodua sales. So we just compare la, between the Perodua and Proton of similar segment:

Axia vs No competitor (Axia win)
Bezza vs Saga (Even. Bezza more popular for fuel economy & higher tech, Saga cheaper and better handling)
Myvi vs Iriz (this one I don't need to say).
No competitor vs Persona (Persona win)
Exora vs Alza (Exora wins by a bit, but both models are going to be phased out. Aruz much more expensive than both, currently no competitor).

Look at the sales figures you can see Proton good sales is Saga and Persona, by a lot. Perodua on the other hand has high sales for Axia and Myvi, commendable sales for Bezza and Aruz. Ativa occupies a unique segment in the market and it's hard to say how much overall it will contribute, but the sales so far have been good la.

Perodua's order book is full till the end of the year. Their focus is on production now. Any new bookings must come next year liao. Laku or not?
04/09/2021 1:16 PM
investortrader88 Just noticed my queue buy matched RM 3.15.good luck guys
21/09/2021 2:32 PM


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