https://www.thestar.com.my/business/business-news/2018/06/19/mrcb-ceo-to-retire-end-june-says-uob-kay-hian-report/


KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) group managing director Tan Sri Mohamad Salim Fateh Din is expected to retire by the end of June while his son Mohamad Imran is set to take over.

UOB Kay Hian Malaysia Research said it awaits more details on the development and has a Buy call on the construction-property company with a target price of RM1.01.

Salim is the second largest single shareholder of MRCB with 16.6% after the Employees Provident Fund (EPF) that owns 34.87%.

Salim ended with the block after the injection of his Garpuna Group into MRCB, a deal which was completed in 2013.

Imran is currently an executive director of MRCB. Prior to that, he was the group chief operating officer of MRCB from March 2013 to February 2015.

The research house said while it await more details, its positive view of MRCB remains unchanged.

“MRCB remains a deep value stock with high asset monetisation potential, riding on controlling shareholder, the Employees Provident Fund (EPF) board,” it said.

Lots of people here holding on hoping price up but sell pressure too strong

close to my 55 as said earlier

charts say to hit 55 cents in the market say cash flow got problem