MRCB stands a fair chance to benefit from the three main projects by Malaysia transportation upgrade, HSR, MRT3 and Penang LRT.

https://www.bharian.com.my/amp/bisnes/lain-lain/2024/04/1236061/konsortium-disenarai-pendek-projek-hsr-mungkin-diumum-jun

https://www.bharian.com.my/amp/bisnes/lain-lain/2024/04/1236061/konsortium-disenarai-pendek-projek-hsr-mungkin-diumum-jun

MRCB already cut off partnership with GKent. That’s why GKent is going down to around 40sen and MRCB now heading to 80sen

Gamuda and MRCB main beneficiary of Penang LRT

https://www.thestar.com.my/business/business-news/2024/04/12/nationwide-project-rollouts-togalvanise-economy

I think due to MRCB going to be awarded package 2 of Penang LRT ….from Komtar to Penang Sentral

Retesting 70sen

RHB & OSK increase target price for MRCB from 70sen to 80sen

https://klse.i3investor.com/web/pricetarget/research/71096

It makes sense to give MRCB the Package 2 for Penang LRT as MRCB is the owner of Penang Sentral and surrounding land

Get ready for MRCB to cross 70sen anytime soon

MRCB likely to get Package 2 of PENANG LRT project from Komtar to Penang Sentral

https://www.nst.com.my/amp/business/corporate/2024/04/1032812/gamuda-clear-winner-greenlit-penang-lrt-project

Based on MRCB annual report, MRCB got almost 800,000 sq feet of development land near Penang Sentral. Land is only value appx RM350 per sq feet based on value more than 10yrs ago. Waiting for MRCB to unlock the true value of the land once Penang LRT completed

Penang LRT to benefit MRCB. Connecting to Penang Sentral & neighboring land which is owned by MRCB. Get ready for next week to clear 70 sen

https://www.malaymail.com/news/malaysia/2024/03/29/anthony-loke-cabinet-agrees-to-approve-development-proposal-for-penang-mutiara-lrt-line-project-set-to-begin-this-year/126187

https://www.thestar.com.my/business/business-news/2024/02/19/value-unlocking-initiatives-stand-mrcb-ingood-stead

There was a huge purchase of more than 15k lots at 66sen before closing.

There will be RM100mil extraordinary profit to be recorded this Q1 for the sale of Plaza Alam Sentral and PJ Sentral acquisition.

Will be testing 70sen again this week

In the meantime, CIMB Securities advises investors to focus on contractors with a good track record in Sabah and possess a strong balance sheet such as Gamuda Bhd, IJM Corp Bhd and Malaysian Resources Corp Bhd (MRCB).

https://theedgemalaysia.com/node/705947

Already cross the big resistance at 65.5 sen

Based on the volume, MRCB should be testing 70sen anytime

https://www.nst.com.my/amp/business/corporate/2024/03/1030577/mrcb-kimlun-corp-among-companies-set-benefit-expedited-flood

MRCB shortlisted for another flood mitigation project in Selangor after awarded RM350mil in previous flood project.

Yes, there was a huge buy volume at 63.5sen and 64sen before closing.

MRCB propose purchase of CIMA will give them a big edge on upcoming MRT3 and HSR project.

Based on volume and chart, MRCB will be retesting 70sen level soon

RHB Invest - MRCB will be retesting 70sen soon.

https://klse.i3investor.com/web/blog/detail/rhbinvest/2024-03-21-story-h-185649540-Trading_Stocks_Malaysian_Resources_Corporation

MRCB should be testing 70 sen level soon

Based on the volume, there is a good chance for it to retest 70sen level this week

There will be another RM100mil profit to be recorded in Q1 2024 for the disposal of Plaza Alam Sentral & PJ Sentral transaction

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=143410&name=EA_GA_ATTACHMENTS

Based on the chart and volume increase, MRCB should be testing 70sen level again next again.

Not easy to find counters with annual profit of above RM100mil and giving out dividend. At 1 sen dividend, there is appx 2% yield at current price of MRCB

Anything below 60sen is still cheap considering most counters already gone up so much. MRCB have not move a lot compared to others.

Anything below 60sen is still cheap

https://www.nst.com.my/amp/business/corporate/2024/03/1020722/rhb-research-maintains-buy-stance-mrcb

The bright side for MRCB is the company got no problems in securing new projects, being a majority owned by EPF

MRCB fairly good result with RM135mil PBT. Gearing also halved from 0.3 to 0.14. Cash/Bank & equivalent has increased to almost RM1.1bil. I think the company is very liquid now and in position to gear up for larger projects now. Look forward for 2024

https://theedgemalaysia.com/node/702369

….more projects for MRCB in 2024

Above is not taking into account the Q4 result for development projects as I don’t have the progress sale for that segment

Celcom Tower sale completed in December will contribute appx RM100mil profit for Q4. Projected operating profit is around RM30mil to RM50mil ….based on LRT3 progress. Profit upto date Q3 is appx RM20mil. So, total profit for year 2023 is around RM150mil to RM170mil (assuming no other revaluation profit and forex exchange adjustment from Gold Coast project)

Q4 result will be out anytime this week. From last week, company with good result will go up around 8% to 12% on next day after announcement. So, time to accumulate.

MRCB should just focus all these projects which is already more than RM6billion for next 5yrs

It is good news if MRCB don’t get HSR project. There’s already Billions of projects coming into MRCB such as LRT3 extra 5 stations, KL Sentral 1b redevelopment, Shah Alam 1b stadium, flood mitigation, PBH Sabah, etc

https://klse.i3investor.com/web/blog/detail/hleresearch/2024-02-22-story-h-188272107-Technical_tracker_HLIB_Retail_Research_ndash_22_Feb_2024