grace 123 if connect to main grid...tow fut/myrer/rambut all stand on ends man!!!

So easy to make $$$ meh? Must sweat like I am sweating now (price now 1.19)...those who buy now...wah so lucky man! Even price low...you cannot buy 1 million shares as there are not so many sellers...so they slowly slowly catch the monkey....everday buy at 1.20/1.18 jadi bukit mah!

Give it to me baby...give it to me!....think I'm goin mad!!!

Sure going to get nice whacking from all you guys hehehe. Never mind...whack me guys...go on...

Come off it guys...1.20 for a share is below its IPO price. They are undoubted in their engineering skills so far and more construction jobs will be coming their way. It owns 2 valuable properties...1 being in the golden triangle which commands more than 2K a sq ft. The other 3 plants are almost complete and awaiting COD. Yes its been 3 years after projected completion date but do you realise that volume is very low and only those who cannot hold are pushing the price lower? It's not like majority is selling. The reason I am still around after selling off is I feel this is the only counter presently having the most chance of a 300 to 500% rise in price in the next 3 yrs. Current price is 50% book value...so give the counter a chance. Even well known Fairfax bought up 14.5% of its shares so far...some even at RM2.50 per share. So my bet is still on Mudajaya. I am not asking you to buy but explaining why I bought recently.

I saw an opportunity to buy barring any market crash scenario. Lowest ever was about 85cts and that was before contracts were replenished and plant 1 commissioned and also during the last scare. Now 1 ringgit looks like worst case scenario. I guess 1.20 should be a near bottom level with latest developments in Mudajaya. Guys, I might very well be crazy getting back into this counter after loosing more than 100K but I'm in now so God help me. Please beware, this counter can be punnishing if you want to sell urgently....sometimes thaere are just no buyers!!! I found out the hard way.

Old news since Dec'15 but for benefit of new investors. Once power plant stable...no stopping the uptrend.

Indian Power plant news :-

MINUTES OF 478TH MEETING OF OPERATION & COORDINATION
SUB-COMMITTEE OF WRPC
HELD ON 15THDECEMBER 2015 AT TAPS-3&4, TARAPUR

30th November at New Delhi, where a decision to upgrade 3x315MVA ICTs at
Vapi(PG) with 3x500MVA ICTs has taken.
9. He informed the two New generating units in WR i.e. RKM Unit No -1 (360 MW)
and Balco unit-3(300 MW) were declared their COD on 27.11.2015 & 28.11.2015
respectively.
10.765 kV Kolhapur(PG) to Narendra new (Kudgi)-II has been commissioned on
16.11.2015

RKM 1 360
Commissioned on
28.10.2015, COD –
27.11.2015
RKM 2 360 March 2016
RKM 3 360 May 2016
RKM 4 360 August 2016
BALCO 1 300 COD on 11.07.2015
BALCO 3 300 COD on 28.11.2015

AmarkMTk II AMK II Unit -1 0.00 0 14.510

Even you guys fun kow oready??

Buyers and sellers stalemate.

Remember this old arcticle by Public Invest in Sept 2014?


Mudajaya - What It’s Worth
Author: PublicInvest | Publish date: Wed, 24 Sep 2014, 11:32 AM



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

Mudajaya's recent earnings disappointments saw its stock price weakening to a multi-year low (5-year low: RM1.80). After the 2Q results, MDJ lost another 17% to current price, vis-à-vis our NTA-derived price target of RM2.25. With earnings under pressure (at least for the next few quarters), a natural question to ask is whether value is emerging with the recent price collapse? We start by relooking at the MDJ's main assets namely, properties such as Menara Mudajaya (NLA 125ksf, Mutiara Damansara) and Crest Building (NSA 225ksf, Jln Ampang) and its 1440-MW power plant in India, with the latter alone constituting 60% of its NTA currently. By just pegging the Indian power plant at book value and revalued property assets at market value, the RNAV is estimated at RM2.90 already. That said, we prefer to err on the side of caution, and wait for Mudajaya to deliver both in job replenishment and commercialization of the Indian power plant (targeted end-2014) before we change our stance.

Property assets worth RM336m, are derived namely from the Group‟s HQ i.e. Menara Mudajaya at Mutiara Damansara and Crest Building at Jalan Ampang. We understand that currently, Menara Mudajaya is fully occupied, with recent rental reached as high as RM4.90psf. With 125k sf NLA, we estimate Menara Mudajaya is worth RM100m at market value (at RM700psf). Meanwhile, Crest Building which has net saleable area of 225k sf (Office: 150k sf; Condo: 75k sf) is estimated to be worth RM270m if priced at RM1100 psf at market value. These two assets are worth RM0.63/share.

1440-MW Indian Power Plant is valued at RM679m in book value, with RM262m of unrealized profits, or total investments of RM941m. The build-own-operate power plant is expected to yield RM70m during its concession period of 20 years. Just by assuming the asset at book value, the power plant is worth RM1.75/share.

Construction businesses. If assuming RM700m sustainable revenue p.a., 6% PBT and capitalized at 10x PER, the construction business is worth another RM0.60/share. All told, the blended fair value for Mudajaya is estimated to be worth RM3.50 (with RM2.90 from property and concession assets and another RM0.60 from construction business).

Maintain Neutral. Until earnings start to show signs of recovery, we maintain our Neutral stance and RM2.25 TP which is pegged on parity to the NTA. Job wins which are expected in the next few months might create buying interest but weak earnings, at least in the next 3-4 quarters would mean stock performance will be capped near term in our view.

Source: PublicInvest Research - 24 Sep 2014


Well the crest building in Jln Ampany is way more than 1,100 per sq ft and probably the other building too! Remember power assets worth 1.75/Share.

It is good to note that there are no T + 3 players in this sleepy counter and that now investors are keeping their shares in this counter and not selling low anymore. Hope tomorrow there is more action.

Not Clear not Blur

em ching em chor

10.30 a.m. only 800 shares transacted???

Yes shellhouse...I agree with you, once I read that they want to segregate the construction busness and also start a Power REIT. Mudakaya price still stable despite 800 counters down today. Looks strong especially in this bad time. Hopefully it stays that way. Either way I think strong support at 1.27. The plants could be running soon.....will buy somemore if below 1.30

Mudajaya Corp now separated from other group businesses? Just wild guesses... maybe Fairfax bvuying wholesale power assets? hahaha

easier to sell off some businesses?

Anybody knows why this "re-organization" BURSA announcement dated 14th Jan'16.

The Board of Directors of MGB wishes to announce that MGB has on 13 January 2016, completed the acquisition of shares from its wholly-owned subsidiary, Mudajaya Corporation Berhad, as follows:-

(a) 300,000 ordinary shares of RM1.00 each, representing 100% of the total issued and paid-up share capital of MJC Industries Sdn Bhd for a total cash consideration of RM2,533,460.00;

(b) 100,000 ordinary shares of RM1.00 each, representing 100% of the total issued and paid-up share capital of MJC Development Sdn Bhd for a total cash consideration of RM968,063.00; and

(c) 120,000 ordinary shares of RM1.00 each, representing 100% of the total issued and paid-up share capital of Mudajaya Energy Sdn Bhd for a total cash consideration of RM120,000.00.

Kindly refer to the attached document for the complete announcement.

This announcement is dated 14 January 2016.

It is in the interest of the Indian Government to get the power stations running and to provide electricity to all, thats why I believe it is possible for all 4 stations to be firing by this year. Not encouraging big buys here as I lost lots of money like a fool on this counter. Now recovering and cheap.1.37 (public listing price 1.28 i think)..just buy small and sail with us nelayan.Net book value 2x. All now rest in the plants i.e. make or break. Moreover Fairfax is back buying although plants not in full blast...they must have done their homework!!!

Sail with us nelayan

It is in the interest of the Indian government to provide electricity to all and as soon as possible...so I am confident the plants will fire soon. when the announcement comes out it will be too late to catch. Buy small now and wait a year. Also contracts will come in as almost all the construction companies are required with the amounts of construction work required in this country going forward. Just my 5cts worth....but remember I lost about 100K on this counter...no joke

grace 123...I am already in Holland!

Un Tong...why would hihgway conssesionair staff buy Mudakay??? u know something eh?? please tell us lah bro. Lost so much already lor

Both fisherman

Perhaps some are buying tru 3rd parties so as not to alert and push up prices....so they can buy slowly and cheaply...haha .Still hopeful after losing almost my pants!!!

Wonder who was buying recently as no announcements about purchase from Fairfax or Directors since 4th Jan'16. Almost RM15 million shares were traded since 6th jan'16 and that's not normal for this snail counter. Any guesses?

Thanks Bro!

KLTAN plse let us know which website to check ourselevs the syn/commisioning dates etc...share lah bro

Full operation of the 4 power stations ..it will add about RM70 to 80 million to Mudajaya's profit per annum I believe.

What has Richard Clyderman love song got to do with Mudakaya? It is rocking now baby!

Just hope Prem Wats his name got it rite this time!!!!

Hope operation of stations 2 3 and 4 will be bi monthly as planned.

Thanks DingDongHai!!! You got me all ding dong over the operation of RKM Powergen Station 1in Chartisghar India!!!!

rMoi...mine is a sad story. Lost about 100K when I sold out as I had bought b4 rights issue. Now just trying to salvage a bit by getting back in a small way. I won't be able to sleep if the power plants start and the share suddenly recovers.

I'm staying...don't want to miss the boat....

If power plants ok and running....revaluation of Wisma Mudajaya and other assets, more construction contract wins...price should be 3.50 to 4.00 at least! Must get back my 100K!!!

Prem Watsa of Fairfax is buying again. Looks like increasing shaeholding from 14% plus to maybe 20%. Must have done his homework on firing of power plants in India...if not crazy man. Also US dollar terms very cheap for them to buy.

PE Ratio is about 20 times and that is good for a growing company! Turnover is expected to rise and so is profits and the PE will gradually come down if share price remains the constant.

abcb you do not understand financials! Price/Book value 5.78 times?? where did you get that figure? Do you really understand what you wrote??

Accurate prediction done in February this year.

Danger signs for the Malaysian economy
February 17, 2015 We are facing critical times if not yet a crisis.
COMMENT
By Ramon Navaratnam

Bank Negara Governor Zeti Akhtar Abdul Aziz did well to give an uncharacteristic press conference on our economic performance based on data from the Fourth Quarter of 2014. She said she was addressing “the misconceptions surrounding the impact of the fall in oil prices and the significance of the oil and gas industries to the Malaysian economy.”

She agreed that we are adversely affected by the drop in oil prices, but said our economic growth could have been only within the 2%-3% range had we not diversified our economy. This raises the question of whether we have diversified enough and taken enough measures to face the challenges of these critical times.

Minister in the Prime Minister’s Department Idris Jala said much the same thing in an interview with The Economist. He said it was a “big misconception” that “Malaysia will suffer the brunt of the oil price slide because we are a major oil exporter.” Malaysia, he stressed, is not a major oil exporter.

Actually, Malaysians generally refer to our oil and gas earnings together and recognise the major impact the industry has on our growth prospects. After all, as Idris has carefully pointed out, the “oil, gas and energy sector” constitutes 17% of the Gross Domestic Product (GDP). That is a large chunk of our economy. There will definitely be a major impact on our economy if oil and gas prices remain low and slide further. So we must appreciate the deep concern of Malaysians over the falls in oil and gas prices. We cannot afford to play down the problems or ignore concerns about our future.

When we hear talk of “diversifying our economy”, we ask how successful economic diversification has been. The residual “Other Industries” constitute 30% of our GDP. Education and Health make up only 1% of the GDP. The rest of the sectors, like Tourism , Electronics, Agriculture and Financial Services, constitute only 5% to 7 % of the GDP each.

Couldn’t we have done better after 58 years of Merdeka? Couldn’t we have pursued wider diversification and gone into much greater value-added productivity?

Sluggishness

We may not be in crisis now, but I dare say that we are facing critical times ahead. The major world economies are generally slowly recovering or are still struggling to recover. Malaysia has done better, with its 6% growth registered for last year. But how long can this high growth last in this sluggish world economy?

Here are some danger signs:

1.Inflation is reported at 2.8 % in the fourth quarter of 2014. This will rise when the GST is introduced. In any case, do Malaysians really believe that our inflation rate is only 2.8 %? My Mee Mamak has already become smaller and less tasty. The government has long had a credibility problem with its release of figures related to the cost of living.
2.The Malaysian Ringgit , according to Bank Negara, declined by about 12% against the US Dollar between September last year and February 10 this year. Will the Ringgit continue to weaken with the soft market sentiments and low confidence? There have been large non-resident portfolio capital outflows, reportedly amounting to US$18.6 billion, since last September. Will this trend continue and will it dampen the ringgit further and cause imported inflation to rise higher? There may have been “no dislocation to the underlying economic activities”, but hasn’t there been adverse effects on business confidence and the medium-to-long-term investment potential?
3.Malaysia’s international reserves stood at about RM385 billion at the end of January this year. It was sufficient to finance an impressive 7.9 months of retained imports. But if our Balance of Payments Current Account declines due to lower export earnings and higher Import payments, these reserves can easily fall. This is possible because of weaker demand for our exports and higher costs of imports due to the weak ringgit.
4.The ringgit can be under attack if we do not make structural changes in the economy, like following more closely the New Economic Model and phasing away, at a faster pace, from the New Economic Policy and many of its non-competitive and protective practices. We have to be more realistic under globalisation or just withdraw from it and face the isolation.
5.Short term external debt is high at RM359 billion, especially when more than half of it is denominated in foreign currency. The foreign debt can rise if the ringgit falls further. Our international reserves can support only 1.1 times the short term external debt. This is not a strong safety margin and does not generate confidence, especially with foreign investors. We cannot afford to be cavalier about the dangers we face.
6.Our household debt expansion may have slowed down to 9.9% in 2014 compared to a large growth of 15% in 2010, but it is still unacceptably high and

Should not be far off analyst expectation of about rm100m

Today's star paper says results out today!

At least 2 ringgit per share

Unless and only unless....the power plants are useless and the almost RM700 million investment is wasted...then the company can go under. But it is highly unlikely for Fairfax to invest without ensuring Mudajaya's largest asset i.e.26% of RKM Powergen/power plants in India are not doomed. They have a large Fairfax investment office in India and would have done their due diligence. Recently (just last month I think) they bought direct from the directors off market at 1.40 per share (price then was about 1.38) and increased their shareholding to about 15% (if I am not mistaken). So total write off of power plants out of question. Strong book value means (if valuation correct)...if the company decides to sell off all their assets and pay their liabilities (e.g. voluntary liquidation)...shareholders will get a solid windfall.

Trying hard to console myself with some old stories...

Mudajaya - What It’s Worth
Author: PublicInvest | Publish date: Wed, 24 Sep 2014, 11:32 AM



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

Mudajaya's recent earnings disappointments saw its stock price weakening to a multi-year low (5-year low: RM1.80). After the 2Q results, MDJ lost another 17% to current price, vis-à-vis our NTA-derived price target of RM2.25. With earnings under pressure (at least for the next few quarters), a natural question to ask is whether value is emerging with the recent price collapse? We start by relooking at the MDJ's main assets namely, properties such as Menara Mudajaya (NLA 125ksf, Mutiara Damansara) and Crest Building (NSA 225ksf, Jln Ampang) and its 1440-MW power plant in India, with the latter alone constituting 60% of its NTA currently. By just pegging the Indian power plant at book value and revalued property assets at market value, the RNAV is estimated at RM2.90 already. That said, we prefer to err on the side of caution, and wait for Mudajaya to deliver both in job replenishment and commercialization of the Indian power plant (targeted end-2014) before we change our stance.

Property assets worth RM336m, are derived namely from the Group‟s HQ i.e. Menara Mudajaya at Mutiara Damansara and Crest Building at Jalan Ampang. We understand that currently, Menara Mudajaya is fully occupied, with recent rental reached as high as RM4.90psf. With 125k sf NLA, we estimate Menara Mudajaya is worth RM100m at market value (at RM700psf). Meanwhile, Crest Building which has net saleable area of 225k sf (Office: 150k sf; Condo: 75k sf) is estimated to be worth RM270m if priced at RM1100 psf at market value. These two assets are worth RM0.63/share.

1440-MW Indian Power Plant is valued at RM679m in book value, with RM262m of unrealized profits, or total investments of RM941m. The build-own-operate power plant is expected to yield RM70m during its concession period of 20 years. Just by assuming the asset at book value, the power plant is worth RM1.75/share.

Construction businesses. If assuming RM700m sustainable revenue p.a., 6% PBT and capitalized at 10x PER, the construction business is worth another RM0.60/share. All told, the blended fair value for Mudajaya is estimated to be worth RM3.50 (with RM2.90 from property and concession assets and another RM0.60 from construction business).

Maintain Neutral. Until earnings start to show signs of recovery, we maintain our Neutral stance and RM2.25 TP which is pegged on parity to the NTA. Job wins which are expected in the next few months might create buying interest but weak earnings, at least in the next 3-4 quarters would mean stock performance will be capped near term in our view.

Source: PublicInvest Research - 24 Sep 2014
Share this
Labels: MUDAJYARelated Stocks

Chart Stock Name Last Change Volume
MUDAJYA 0.955 +0.01 (1.06%) 174,700
More articles on PublicInvest Research >>

The company is very cheap now:-

Mudajaya Group Bhd (XKLS:5085)
P/B Ratio
0.49 (As of Today)
As of today, Mudajaya Group Bhd's share price is RM0.95. Mudajaya Group Bhd's Book Value per Share for the quarter that ended in Mar. 2015 was RM1.94. Hence, Mudajaya Group Bhd's P/B Ratio of today is 0.49.

Good Sign:

Mudajaya Group Bhd stock P/B Ratio (=0.58) is close to 5-year low of 0.58
XKLS:5085' s 10-Year P/B Ratio Range
Min: 0.51 Max: 1.68
Current: 0.47

0.511.68During the past 7 years, Mudajaya Group Bhd's highest P/B Ratio was 1.68. The lowest was 0.51. And the median was 1.22.

XKLS:5085's P/B Ratiois ranked higher than
80% of the 918 Companies
in the Global Engineering & Construction industry.

( Industry Median: 1.21 vs. XKLS:5085: 0.47 )

With the devil around...don't dream of a rebound!!!

Why can't some company buy over Mudapower??? So cheap???