Dear Fellow Investors of i3 Forum,

 

I quote Sifu John Neff words, 

 

"I don't read, much less follow, the valuations or predictions. I study the numbers" - John Neff

 

Let us now study the Numbers in MRCB

 

Beginning from Year 2014 these are the Rm $$$ coming in for MRCB Refer to Bursa Website)

 

January 10 2014

MRCB received Rm45 Millions Cash by selling GTC to TELEKOM.

 

June 30 2014

MRCB sold Leburuh raya utara  timur to EKOVEST for Rm112.5 Millions

 

October 13 2014

Award from Johor Land to build Komtak in Jln Wong Ah Fook for Rm197,336,000

 

November 16 2014

A Job Award in Desaru for Rm141 Millions

 

January 13 2015

Gapurna became shareholder of MRCB by subscribing shares at Rm1.55 with 2 free warrants

 

January 28 2015

Sale of Platinum Sentral for Rm740 Mil to MQuill Reit (part cash part shares in payment)

 

February 26 2015

Sale of Quill 10 Building for Rm27.3 Millions

 

March 30 2015

Sale of Office Lot to Gapurna for Rm19.1 Millions

 

March 31 2015

Disposal of pradigma for Rm39 millions by equity swap

 

April 22 2015

Sale of Nu Sentral to PHB for Rm119 Millions

 

July 8 2015

JV 50/50% with DRB-Hicom for Custom Complex at Bkt Kayu Hitam for Rm310 Millions

 

September 4 2015

Jv with GKent as PDP  for LRT3  (PDP at 6% for Rm9 Bil Job. Each gets Rm270 Mil. If cost overrun then fees might go to Rm300K to Rm400K range for each)

 

October 28 2015

Bkt Jalil Sports Stadium Contract Rm1.63 BILLIONS (Later revised to Rm1.34 Billions)

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4905229

 

October 28 2015

Kwasa Damansara Job Award for Rm3.14 BILLION (Long term gestation of Rm50 Billions worth in total.)

://www.bursamalaysia.com/market/listed-companies/company-announcements/4905321

 

November 16 2015

Private Placement 20% shares of MRCB at Rm1.24 with 10% discount. Later took up Bank Rakyat under the Ministry of Finance

 

December 3 2015

Proposed Disposal of Menara Shell to MQuill Reit for Rm640 Millions

(NOTE: NEXT TO BE READY SOON FOR DISPOSAL IS MENARA CELCOM FOR RM640 MILLIONS ; ANY TIME NOW)

 

February 5 2016

Sale of partnership rights to Ekovest for Rm8.5 Millions

 

May 19th 2016

Award of MRT2 for Rm648 Millions (Bid submitted was Rm4.2 Billions)

 

May 26 2016

PDP fee for Kwasa Damansara Rm112 Millions

 

June 16 2016

MOU for 60 acres of BANDAR MALAYSIA's 486 ACRES' LANDS FOR TOD. This lapsed. Will MRCB Bid Again? High Possibility as MRCB is Expert in TOD (Transport Oriented Development)

 

July 1 2016

Infrar Job Award from Pahang for Rm188 Millions

 

October 14 2016

Proposal to sell EDL TOLL to EPF (This EDL was later taken private by Pm Najib in 2018 Budeget Speech)

COMPENSATION will help relief Sukuk Loans. And with RI the gearing of MRCB should turn to zero. MRCB will then be a Net Cash Company

 

November 17 2016

Disposal by MRT  land acquisition for Rm180 Millions

 

January 13 2017 

Disposal of cleaning service business for Rm4.8 Millions

 

Feb 17 2017

Sale of equity to Hicom for Rm3.6 Millions

 

April 4 2017

MOU with India for TOD expansion to India

 

May 17 2017

Rights Issue proposed to raise Rm2.85 Billions with free warrants. What are the reasons for so Much RI?

a) To pare down borrowings? And lessen gearing?

b) Of to prepare to undertake something bigger than usual?

In any case there is an undertone of bullishness as RI is oversubscribed bt 7% even without Bank Rakyat taking up its alotted portion. Something Big Brewing for MRCB?

 

May 31 2017

Bkt Jalil contract sum of Rm1.63 Billions reduced to Rm1.34 Billions as land development reduced. And Govt compensate MRCB with 3 pieces of Prime Lands which EPF will inject Cash of Rm1.14 Billions to give MRCB CASH FLOW

 

August 15 2017

RM369 MILLIONS JOB AWARD FOR INFRAR WORK (DAMANSARA- SHAH ALAM)

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5515169

 

August 15 2017

Building Job Award from TNB for Rm40 Millions

 

September 19 2017

2 Job Awards on the same day again

See

Malaysian Resources Corporation Berhad ("MRCB" or "the Company") is pleased to annouce that the Company had today acknowledged receipt of the Letters of Acceptance in relation to the tender bids submitted by the Company for the following projects:

(a)  construction and Completion of Elevated Stations and other Associated Works at Cyberjaya City Centre and Putrajaya Sentral (Package S210) for Mass Rapid Transit Corporation       Sdn Bhd for a contract sum of RM145.8 million.

(b)  construction of Larkin Indoor Stadium, Johor Bahru, Johor for Johor Land Berhad for a contract sum of RM58.9 million. The duration of the contract is 18 months from the date of site possesion.

Both of the projects are expected to contribute positively to the future earnings of the Group.

 

October 27 2017

In Pm Najib Budget Speech EDL TOLL will be removed. Togather with Bkt Kayu Hitam Toll & 2 more in Selangor. Did you ask why not Gombak - Kuantan Toll by delisted MTD - INFRAR be removed? Why not Whole PLUS Highway Toll be removed.

Why of all 1,000 KLSE Companies only MRCB's EDL is mentioned. PLUS is not listed. Is there not a reason why Govt want MRCB to perform in GE14 Election Year & beyond? Just like helping DRB-Hicom by getting Geely to help Proton & Jackma to do JV with DRB's POS?

 

See MRCB Announcement on that day

 

We refer to the statement made in relation to the Eastern Dispersal Link highway in the speech by The Honourable Prime Minister, Dato’ Sri Mohd Najib bin Tun Haji Abdul Razak during the tabling of Budget 2018 in the Dewan Rakyat today.

Malaysian Resources Corporation Berhad will make the necessary announcement upon receipt of further details from the Government. 

 

NOVEMBER 28TH 2017

PDP JV WITH GAMUDA FOR HIGH SPEED RAIL KL-SINGAPORE (HSR)

Malaysian Resources Corporation Berhad ("MRCB" or "the Company") is pleased to announce that the Company and Gamuda Berhad ("the Parties") have today entered into an Agreement to set up an unincorporated consortium on a 50:50 basis to participate in the tender to be the Project Delivery Partner for the project known as "Kuala Lumpur to Singapore High Speed Rail" ("the Project").

Upon securing the tender, the Parties shall enter into a definitive agreement to further set out the rights and obligations of each party in relation to the Project.

MRCB will make the necessary announcement to Bursa Securities as and when there is a material development in relation to the Project.

When MRCB submintted bit for MRT2 (RM4.2 Billions) it secured Rm648 Millions. Others went to mudajaya, trc, Gkeng, gadang, sunway, wct  & others

Since MRCB secured 15% of MRT2 after garnering job for LRT3 there is a high chance that it will secure  the HSR Job.

 

DECEMBER 26 2017

Part Sale/ Part JV with Tabung Hai Property for Rm100 Millions Cash (Setapak Lands)

 

As we enter Year 2018 MRCB is now on Stronger Footing:

1) THE JOBS AWARDED IN YEARS 2014, 2015, 2016 & 2017 WILL BRING IN LOTS OF CASH TOTALLING  A HUGE RM5.4 BILLIONS

2)  PLUS RM2.85 BILLIONS RAISED FROM RI (CASH POSITION IS RM5.4 BIL  & RM2.85 BIL = RM8.25 BILLIONS)

IMPENDING SALE OF MENARA CELCOM (RM640 MILLIONS CASH) ASCOTT SENTRA (RM180 MILLIONS), = RMRM820 MILLIONS

 

SO RM820 MIL PLUS RM8.25 BILLIONS = RM9.07 BILLIONS

(Of this sum less than Rm2 Billions were used to acquire Assets in Cyberjaya Sentral, Kwasa Sentral & others)

NOTE: I have not included Kwasa Damansara Job Award On Oct 28 2015 (Sum of Rm3.14 BILLIONS As It is still ongoing)

 

NOW MRCB ALSO OWN INVESTMENTS IN MQUILL REIT (RM327 MILLIONS) , MESB & OTHERS

PLUS HUGE LANDBANKS IN KL SENTRAL, PJ SENTRAL, PENANG SENTRAL, KWASA SENTRAL & OTHERS 

The Debts are backed by Colossal Assets owned by MRCB. Total Dev Worth over Rm50 Billions

 

 

 

YET TO BE AWARDED ARE

 

1) HSR HIGH SPEED RAIL PDP JV WITH GAMUDA

2) BANDAR MALAYSIA (TOD) OF WHICH MRCB HAS THE EXPERTISE

 

These Are All Real Numbers,

So We Invest Based On Actual Facts & Figures

 

Warm Regards

Calvin Tan Research, Singapore