Folk, the ability to foresee is rare, & the ability to continue to hold the same buying rational when the stock drops for no apparent reason, is much rarer. Therefore we find it less attractive than before, though it should appear more attractive.

Here you go:
EPF holds the largest stake in MRCB with a notable 36.2% direct holdings has blossomed into collaborative ventures in development project exemplified by the Bukit Jalil Sentral project.
- To launch approximately RM3.6 billion worth of properties in the year like in Bukit Jalil & PJ Sentral as well as in New Zealand’s most populous city, Auckland.
- Land bank of 1,148 acres of land that translates into a gross development value of RM31B adequate land for future projects.

Active orderbook provides 6 years of earnings visibility for the E&C sector:
- With active orderbook stood at RM15.7 billion as of 31 Dec 2023.
- Actively tendering for new projects totaling to RM30 billion excludes project tenders already won but project values yet to be firmed like the redevelopments of Stadium Shah Alam and KL Sentral station.

Low net debt to equity:
- Debt to equity ratio has slightly decreased to 0.40 times in FY23.
- Net debt to equity has lowered significantly to 0.19 times.
- With the low net debt to equity level, MRCB enjoys ample flexibility to fund potential infrastructure projects in the future.

Folk, the Mutiara LRT Line 29km long with 20 stations project stretching from Silicon Island to Komtar & then cross over to Penang Sentral has finally received approval by the cabinet.

The project will be divided into 3 main components.
1. The contract for civil construction works for Segment 1, which is the Silicon Island Alignment to Komtar will be offered to SRS Consortium.
2. The contract for civil construction works for Segment 2, which is the alignment from Komtar to Penang Sentral via an open tender.
3. The turnkey contract for system works & rolling stocks through Build-Maintain-Transfer (BMT) via an open tender.

There you go folk as MRCB stands a chance to clinch upcoming rail job.

Folk, to make money in stocks, you need to have vision to see them, courage to buy them & patience to hold them. But sadly patience is the rarest of the three.

Folk, in July last year, MyHSR Corp issued a RFI, calling for concept proposals for the KL-Sin HSR which was closed on Jan 15 this year. On Jan 15, MyHSR chairman said 7 local & international consortia, comprising 31 firms, had submitted concept proposals for the project. The findings from the RFI evaluation will be presented to the MOT & the cabinet for deliberation.

Folk, according to sources privy to the matter 3 consortia’s concept proposals are believed to have been shortlisted for the Rm70B mega infrastructure project.

Folk, if the MRCB-IJM-BRail-KTMB consortium’s proposal is chosen, EPF would end up having the biggest exposure to the KL-Singapore HSR...EPF is the largest shareholder of both MRCB 36.21%, IJM 17.62% & YTL 5% stake.

Folk, waiting helps you as an investor & a lot of people just can't stand to wait.

1. Shortlisted for HSR Rm70B project:
YTL-SIPP Rail
MRCB-BRail-IJM-KTM
China Railway

2. Pan Borneo Phase 1B (Sabah) Rm15.7B Contenders:
IJM
WCT
MRCB
GBGAQRS
Gadang
Binapuri
TRC

3. Flood Mitigation Rm11.8B Contenders:
Gamuda
Kerjaya Prospek
Suncon
TRC
MRCB
Varia
Kimlun
Rohas
Naim

Other prospects
a. May come from MRT3 - a chance to secure the elevated section.
b. May also benefit the reinstatement of five LRT3 stations.

https://klse.i3investor.com/web/staticfile/view/535041

Folk, MRCB need a confirmed breakout above the 69sen to extend rally towards the 74sen, with next resistance at the 79sen, and key uptrend supports at the rising 50-day ma (59sen) and 100-day ma (52sen).

UEM Grp has cancelled a tender for the complete sale of CIMA due to a significant financial performance. However they are considering selling a stake 0f 30%+- in CIMA to an interested party. Will MRCB be that interested party? Hmmmm..

...the government has no intention to impose windfall taxes on banks in Malaysia, hence, these financial institutions can be more flexible in their lending arrangements.

https://www.theedgemarkets.com/article/guan-eng-clarifies-bank-windfall-tax-remark

The termination of the RM584.84 million contract awarded to Muhibbah Engineering (M) Bhd earlier was due to “commercial and operational issues”.

https://www.theedgemarkets.com/article/velesto-energy-bags-us38m-contract-extension-north-malay-basin