Excellent results.. profit has doubled and another dividend of 13 sen....
Good job...

I think mbmr is worth at least $6...

the perodua stake is valuable. whoever want controlling stake , can just make a good offer to mbmr....😀
meanwhile, company also paid, good dividend at 47sen....the dividend yield is 11.7%,,,

https://www.nst.com.my/business/corporate/2023/10/972579/perodua-sees-record-q4-car-sales-after-283pct-jump-q3

yes. its a high dividend and well manage company with valuable stake in perodua..
perodua bezza is the best selling car in msia.

https://www.thestar.com.my/business/business-news/2023/10/23/king-raises-his-stake-in-citaglobal-to-8586

seems strong

Well in my opinion..klk is a msian company, so there is nothing wrong for bplant to sell to klk..
Unless somebody wants to be hero or try to politicised it..

the dividend yield is 9%..
Eps = 63 sen
Net asset $5.30
And most interesting is its 22% stake in perodua..
Good value 😀

From theedge:

"Perodua is currently Malaysia’s most valuable automotive company. It chalked up a profit of RM748.2 million on a turnover of RM15.2 billion for the financial year ended December 2022, far higher than any other automotive group in the country.

This year, Perodua is increasing production to meet demand. The waiting period for its passenger cars is up to eight months and its factories are operating on extended shifts. Perodua commands 52% of the passenger car market and accounted for close to 40% of the total industry volume of 366,037 vehicles for the first half of this year.


UMW and MBM have direct interest of 38% and 20% respectively in Perodua. MBM also has an additional 2.8% indirect stake in Perodua while Permodalan Nasional Bhd (PNB), the parent company of UMW, has a 10% direct stake in Perodua.

Assuming Perodua’s profit grows by another 5% this year, its valuation at 10 times price-earnings multiple is easily about RM8 billion. The figure is far more than UMW’s and MBM’s market capitalisation, which means both companies are sitting on an unlisted gem. " - theedge

Can relax first..hold till its true value.
Meanwhile can take that good special dividend every year..
While wait for someone to GO or offer mbmr for its valuable 20% stake in perodua..
No hurry to sell or delist such an undervalue company like mbmr....

Mbmr is super undervalued and good dividend..
The key if sime darby wants to takeover perodua is actually mbmr stake in perodua..
So that stake is valuable...

Umw try to general offer mbmr few years back but fail..now the value shld be much higher with perodua success .
Mbmr remains undervalue..

Mbmr is undervalued..
EPS around 50 sen..
pe around 7x
Dividend >5%
Its stake in perodua is valuable
Previously umw tried to takeover for that stake at low price..

its still undervalued..

With wistron the controlling shareholder, their business will grow larger and larger..
Wistron is the world’s third-largest contract manufacturer of laptops and other devices could channel new businesses to FPI given the Taiwanese group’s large scale of operations.

Its an undervalue stock..
Net cash company which pay good dividend..
But need patience...
Famous value investor, "Coldeye" also invest in FPI for many years

Its still undervalued...and growing

undervalued counter

Today maybe jump up 30 sen?

current price RM 2 is reasonable.. i think due to urusharta or someone pressing price down but it should be the last leg.
even taan bought 30%, few years ago at RM 2..

indo export curbs will benefit malaysia palm oil players as there is not enough supply to fill that shortfall ...
palm oil and soybean prices will shoot even higher after this...
SWKPLNT is still cheap..

Such an undervalued counter....
may even be privatised if valuation is cheap

7% dividend and low PE of 6X..
EPS around ~50 sen

KYY discover Sarawak plantation is cheap... dividend possibly >5%...

company is undervalued... EPS is ~50 sen per share.. it is still very cheap

It remains cheap.. low PE and dividend is good..

actually there are 2 ways :
1)Stop/ban the shortselling of glove stocks
2)tan sri write an open letter to EPF ask them not to sell anymore. as epf is selling like a madman

Bursa teruk....now only 1488..
Better tukar this kerajaan backdoor

the mistake for top glove is it do the share buy back too early at around rm 5..and help to take a lot of stock from the lousy/uncommitted investor like epf..
it should do it at rm 1..and take all epf stake at rm 1..

second mistake is, the US ban.. which took too long to lifted... and the gov also didnt help, they side with the bangla's and what those "activist" says.. regardless it is poorly handled..

now share price too low, should not issue too many share in hong kong at low price.. it is not good for the capital management.. should issue it last year or in the next pandamic...

but if it drop to RM 1 , i think worth a "2nd look"

good luck

can try i think if drop to rm 1.
but right now the profit not supporting the share price..
even Tan sri didnt say anymore about top glove mkt cap will be greater than maybank as it is no longer possible..

To save this only one way.. gov shld temporary halt the short selling of glove stocks in bursa msia.

Bangla have better life in msia than in bangladesh where there is no job at all..
And yet they can complain...
the activist maybe use this story to short the many shares

This is a good example, if topglove is attack by allegations by some uk or us activist , if the gov choose to believe in those activist and did not defend TG, eventually TG profit will shrink and maybe move to other country..

The loser will be the gov and the ppl who will lose the tax income and also jobs..
I think TG shld move to vietnam or china as msia is a strange country

Normally tan sri will come out and say a few words..
To calm the fear..
Eg.. i remember he once said, TG will exceed maybank market cap ..

Now tan sri pandai.. maybe wait for much lower price, then only sapu

Looking at this gov shld remove the windfall tax.. since no more windfall

To exceed maybank mkt cap..top glove share price need to go to around $12.. now only $2++
So tan sri need to move it up by around $10

Now tan sri shld consolidate the share, 10 to 1 maybe to prevent further shortist attack

Shareholder will call tan sri and ask when topglove will exceed maybank mkt cap

I remember , Tan Sri said TG mkt cap will exceed Maybank :)

Foreign investor selling...

https://www.cnbc.com/2021/12/06/malaysia-finance-minister-on-fed-taper-covid-omicron-variant-threat.html

Malaysia not ‘as concerned’ about capital outflows as Fed sets to taper, finance minister says

PUBLISHED MON, DEC 6 20212:50 AM EST

Yen Nee Lee@YENNEE_LEE

WATCH LIVE

KEY POINTS

Malaysia is not “as concerned” about investors pulling out of the country in a big way when the U.S. Federal Reserve starts winding down its asset purchases, said Finance Minister Tengku Zafrul Aziz.Malaysia’s financial markets are “insulated” as the country has raised most of its debt locally, said the minister.The U.S. Federal Reserve is set to start tapering at a time when global debt has risen after governments increased spending to cushion the economic hit from the Covid-19 pandemic.

With mkt like this and sayur price goes up..
Its gameover

Turun mendadak.. apa cerita?

The Gov shld protect local company.. it is the local companies that pay tax for their revenue collections, and hence their salary.
Not andy hall ..
The working and living conditions in bangla shld be much worse or no jobs at all , that is why they come to msia to find income for their family at home.
USA now finding ways to fault the importers to protect their local.companies.Their motif is to demonised these more efficient companies and bring the jobs back to US, so if they see any dominant supplier they may try to find fault..

this plantation company is still cheap.

with the force labor issue resolve. and tan sri personally looking into this problem..
i think top glove will be #1 in bursa , close to maybank again soon...

now is the best time for top glove, supermax, and rest of the glove major shareholder and ikan bilis retailers, to join forces and do a short squeeze to force the crooked IB to cover back their short position...


this is the best moment , the best time ever... :)

now is the best time for top glove, supermax, and rest of the glove major shareholder and ikan bilis retailers, to join forces and do a short squeeze to force the crooked IB to cover back their short position...


this is the best moment , the best time ever... :)