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5 days ago | Report Abuse
Not surprise if MRCB will reach RM1 before announcement of Budget 2024 in October. Just a matter of time.
5 days ago | Report Abuse
Big percentage gain in MRCB today because it is the cheapest laggard among all GLC construction company. A bargain now.
5 days ago | Report Abuse
Realistically, MRCB should be above RM1 soon. NTA is at RM1.03 and most main construction company is already above or nearing their NTA. Including WCT, Gamuda,
6 days ago | Report Abuse
Only a matter of time before MRCB starts to catch up.
6 days ago | Report Abuse
MRCB suddenly become a laggard and not moving. Most constructions counters like Ekovest, Gamuda and WCT already go up a lot.
1 week ago | Report Abuse
Analyst predict RM1.03
1 week ago | Report Abuse
Analyst already start sell call on Astro. Target price reduced to below 20 sen
1 week ago | Report Abuse
So far, most analyst still sleeping and not yet write a report on this new RM740mil tax assessment. When they wake up and write, expect the shares to be around 15sen. Half the current price.
1 week ago | Report Abuse
Based on last Quarter result, Astro only got RM158mil cash balance. Unlikely enough to cover the tax assessment of RM740mil. The will need new capital raising exercise and this will dilute minority shareholders.
1 week ago | Report Abuse
With RM740mil additional tax, it is safer to sell it now. That’s almost half of the company’s market cap. If Astro want to appeal, they will need to pay the tax first before appeal.
1 month ago | Report Abuse
Finally, sold all my UEMS at RM1.25. Too expensive now at this price. Queuing now to buy MRCB at 69sen. Both counter was about same price last year. Now is buy 1 free 1.
1 month ago | Report Abuse
MRCB should have been 80 sen & above by now. NAV is more than RM1. But notice that someone is trying to push down the price. Probably in collection stage n waiting for fools to sell them at cheap price.
1 month ago | Report Abuse
Sold WCT at 83 sen. Changing to another construction company MRCB . This is still cheap at 66sen
1 month ago | Report Abuse
Data centre prospects? MRCB said it is in active discussions with several companies on the development of a data centre.
Management has said it is considering a build and lease model.
https://www.businesstoday.com.my/2024/06/02/slower-1h-for-mrcb-dc-prospects-could-ramp-up-2024/
1 month ago | Report Abuse
Target price remain at 80sen by RHB /OSK https://klse.i3investor.com/web/pricetarget/research/71633
1 month ago | Report Abuse
By that time, price of MRCB will be above RM1. Patience is the game.
1 month ago | Report Abuse
Q1 result shows lower revenue and profit because of Covid and MRCB took the prudent steps not to simply launch or undertake new project that time. Realistically, Q2 and Q3 will also be the same because all these new projects can only be billed later. The results will only flow smoothly next year.
1 month ago | Report Abuse
There is 2 big upcoming development projects, Bukit Jalil Sentral and Kwasa Damansara.
Note that in Q1 report, MRCB announced that they already got the land for Bukit Jalil Sentral from the government and released from the Land Bond in April, 2024. This was the main issue which is causing delay of the project. So, things will be moving for this project now.
1 month ago | Report Abuse
No idea whether price up or down tomorrow or next week. But I think there are people who will collect this counter before Budget 2025 announcement in October.
1 month ago | Report Abuse
MRCB audited report shows the land value is at RM380mil …..probably for 20% stake held by Rakan Juang in the SPV. 80% already sold to EPF at RM1.07bil
1 month ago | Report Abuse
The land was suppose to be given after completion of 2 projects. But now given for just project 1 + extra RM140mil. Note that the land is valued before 2017. Land value now?
1 month ago | Report Abuse
Look at page 7 at the Qtr Report. MRCB settled with government over the Bukit Jalil land issue in April, 2024. Land was injected in SPV with EPF at the appx value of RM1.4bil. But settlement is just RM1.3bil for release of the land.
1 month ago | Report Abuse
Good to hear from MRCB AGM that they are also planning to enter into Data Center and have tender for it. About time MRCB venture and diversify into new business.
2024-04-18 12:10 | Report Abuse
MRCB stands a fair chance to benefit from the three main projects by Malaysia transportation upgrade, HSR, MRT3 and Penang LRT.
2024-04-12 11:04 | Report Abuse
MRCB already cut off partnership with GKent. That’s why GKent is going down to around 40sen and MRCB now heading to 80sen
2024-04-12 10:06 | Report Abuse
Gamuda and MRCB main beneficiary of Penang LRT
2024-04-08 14:49 | Report Abuse
I think due to MRCB going to be awarded package 2 of Penang LRT ….from Komtar to Penang Sentral
2024-04-08 14:47 | Report Abuse
Retesting 70sen
2024-04-01 11:53 | Report Abuse
RHB & OSK increase target price for MRCB from 70sen to 80sen
2024-04-01 10:13 | Report Abuse
It makes sense to give MRCB the Package 2 for Penang LRT as MRCB is the owner of Penang Sentral and surrounding land
2024-04-01 09:41 | Report Abuse
Get ready for MRCB to cross 70sen anytime soon
2024-04-01 09:41 | Report Abuse
MRCB likely to get Package 2 of PENANG LRT project from Komtar to Penang Sentral
2024-03-29 19:07 | Report Abuse
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
2024-03-29 18:51 | Report Abuse
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
2024-03-27 18:39 | Report Abuse
There was a huge purchase of more than 15k lots at 66sen before closing.
2024-03-27 07:51 | Report Abuse
There will be RM100mil extraordinary profit to be recorded this Q1 for the sale of Plaza Alam Sentral and PJ Sentral acquisition.
2024-03-26 15:30 | Report Abuse
Will be testing 70sen again this week
2024-03-26 13:37 | Report Abuse
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).
2024-03-26 12:08 | Report Abuse
Already cross the big resistance at 65.5 sen
2024-03-26 12:07 | Report Abuse
Based on the volume, MRCB should be testing 70sen anytime
Stock: [MRCB]: MALAYSIAN RESOURCES CORPORATION BERHAD
5 days ago | Report Abuse
If MRCB can sustain today’s momentum, it can be testing 80sen by Friday.