Q4 result should be out anytime before 28 Feb. Still have time to accumulate

get ready for Q4 result. Going to be more than RM100mil extraordinary gain from Celcom Tower disposal. Notice got people start accumulating today

IB coming out with better target price after MRCB hold financial guidance briefing last week. Final Q4 result end of February

https://youtu.be/UZ6Bg2nt4os?si=OULXqm3-3yNEyu-6

MRCB target price by IB:

RHB IB - 74sen
HLIB - 70 sen

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

https://www.chinapress.com.my/20240216/今日选股｜项目可见性强-马资源可买进/

Penang Sentral is owned by MRCB , including surrounding land.

https://www.nst.com.my/news/nation/2024/02/1013269/penang-sentral-become-integral-part-rm10-bil-penang-lrt-project

Just based on the chart, MRCB climb in price is almost similar to UEMS

Based on chart, expecting MRCB to retest 70sen level anytime this week.

Just wait for the Q4 result on 4th week Feb. Should be good and there’s also exceptional gain of RM100mil from disposal of Menara Celcom.

Pre-CNY run up & bargain hunting ….not surprise if reach 70sen again tomorrow

https://www.urban.com.au/news/qld/mrcbs-26-vista-surfers-paradise-apartments-over-50-sold-as-sales-reach-170-million

List of major ongoing projects & tender by MRCB :
1. HSR
2. MRT3
3. LRT3 additional 5 stations
4. Shah Alam stadium
5. KL Sentral redevelopment
6. Selangor flood mitigation
7. Kwasa Damansara

Agree. There was a big buying before closing. Expecting price to go up tomorrow morning.

https://www.freemalaysiatoday.com/category/business/2024/02/06/bargain-hunting-expected-with-kl-singapore-hsr-revival/

I queuing now at 59.5sen….not so lucky to buy this morning.

Finally, Bought at 60.5sen.

Most shortsellers got burnt badly after MRCB cross 60sen

Expecting MRCB to retest 70sen on Friday. Very heavy buy volume today

Q4 result will be out by end Feb. Expecting RM30mil PAT for Q4 & extraordinary gains from completed sale of Celcom Tower appx RM95mil. Profit to date as of Q3 is RM21mil. So, total PAT for 2023 is appx RM146mil or 3.3sen per share.
Dividend might be increased from 1sen to 2sen.

Expecting MRCB to test 70 sen again by the end of this week. Then to test 80sen level by next week.

MRCB share price pattern in last few weeks is the same as UEMS. It will go up 12 sen a week, then drop 3 sen and then rise again 10 sen the next week. Patience is the game.

Cheap to accumulate today because those who bought on Friday need to settle payment today by lunch time. Discount time!

Time to buyback. Finally reach back my target price

I sold my stocks in YTL at RM2.38 and now queuing to buy MRCB at 65.5sen

Same trend and chart pattern with UEMS. RM1 is just a matter of time.

Based on the volume and chart, there is a high chance it will test & break 70 sen soon.

Avoid warrants. Go for the main mother share.

Long term outlook is good. Anything below 70sen is still a good price to buy. IB already upgrade target price 74sen above.

If HSR connects to KL Sentral, then big change of valuation for MRCB. MRCB already secure redevelopment rights of KL Sentral at RM1billion.

MRCB, KTMB and IJM have big advantage. All these companies connected to Government. They need green light to proceed to tender. Meaning Govt already indirectly approve their consortium. Berjaya Rail is also 30% related to future Agong/ Sultan Johor.

Cynthia, if you see UEMS trading & rising pattern, it is repeating now in MRCB. Anyway, this is a safe growth company to buy & hold. Just wait and see. I won’t be surprise if it goes above RM1 in next few weeks. I will probably try sell my shares in UEMS and buy MRCB tomorrow.

Most people who bought the share at below 45sen in past 3yrs had probably sold off when counter hit 60sen. That’s why volume is very high in last 5 trading days. Whoever collected it will no longer sell it cheap since their entry cost is likely near 60sen & above.

My guess is MRCB will try to make KL Sentral as the main KL stop for HSR. Govt already approve MRCB to redevelop & expand KL Sentral recently for RM1billion. All this is making sense now.

Probably MRCB, IJM and Berjaya Rail stands a good chance because KTMB joining them. KTMB needs green light from Government on this.