who sell ? share price still maintain.

Let's do some calculation....2.12 - 1.72 = 18.9% adjustment, and assume only 30% and we further assume 18.9% of 30% = 5.7% adjustment. Assuming a RM2.12 on 5.7% adjustment will be around RM2.00 level upon opening.......

heavily oversold. Time to rebound and catch the falling fruits.....

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5796985

Thanks Ring , Ibox

EPF is switching Mah Sing to Matrix.

what is CEP report ?

Its 70% stake in SKIN will boost its net profit and ROE by more than 4x (400%). We expect its net profit to jump from RM18mil in FY2017 to RM80mil FY2018. ROE to jump from 11% to 40% too.
Its 2nd quarter result should be out before 24/8. Stay invested

Attended AGM too. Confidence to stay invested !

https://www.thestar.com.my/business/business-news/2018/08/16/matrix-concepts-plans-rm16bil-new-launches-in-fy19/

expect to announce a fantastic result soon...

Why this Stockraider merely like to comment on blogger's comment in a very "long form" . He / She should be good in write a proper blog. Let's others give feedback to him / her.

Tek Wai, how to buy if no profit taking again today ? Regret bot too little...

I agreed with KC. I worked in Margin Department in stockbroking firm before. I can confirmed and testify again here that "less than 1% actually make money from MF over a 5 years period or longer" !!! Why risk yourself and let broking house (or investment bank) make the money ? I term of risk-reward ratio, I believer it is better to risk the money in casino than via MF.

A stock that cannot be ignore if you are looking for growth. the company also have a dividend policy of 50% payout. And, most importantly, it has clean balance sheet with net cash position. They will announce its quarterly results very soon

Its 70% stake in SKIN will boost its net profit and ROE by more than 4x (400%). We expect its net profit to jump from RM18mil in FY2017 to RM80mil FY2018. ROE to jump from 11% to 40% too.

vegetablebird, please justify your statement. Based on Bank Negara closing rate, the rate as at Apr, May, Jun and Jul (being their 3Q) are 3.92, 3.98, 4.04 and 4.06

Technically, a descending triangle was formed...bearish...may move toward 70 sen level. Better sell / take profit / cut loss / cut profit at 75.5 sen level

No wonder it was open up gap by 1sen....Thanks Sarahdead

sarah, hope your dream come true ! MRCB NTA is RM1.10. Government will not (or dare not) take over at below its NTA. Don't forget, EPF is the major shareholder and it is belong to RAKYAT money.

Don't worry. A pile full with water won't be noisy. Please filter out the "noise" and "music".

sarah, you have been "selling" since 20/7. not finish yet ? ok...I wait for you to finish selling

another counter to limit up. Government confirm to continue the SKIN project. Another monopoly business in Malaysia better than TM or TNB or CYPARK or MYEG now. Net cash company, paying dividend quarterly, and commit 50% payout. Both turnover and profit will grow >100%, thanks to SKIN

http://klse.i3investor.com/blogs/kenangaresearch/166597.jsp

Guys, look at it logically. Technically it will go toward RM0.89 level....10% gain...be fast to act. If keep talking and no action, all of u are just talking for fun

guys...please check what is the price before GE (8May)...then you will know how much will it goes. Fundamentally, there are no much changes negatively. In fact, its fundamentally change positive significantly (completion of the EDL sales)

Macquarie Equities Research (MQ Research) maintained an Outperform rating on Malaysian Resources Corp Bhd (MRCB) in its report released yesterday (25 Jul). MQ Research believes that the share price will be driven by sale of the Johor Bahru Eastern Dispersal Link (EDL) expected in August 2018, improved sentiment of the sector and the earnings delivery from its RM6.2bn outstanding order book. The changes in its orderbook has prompted MQ Research to revise its Target Price to RM1.00. Based on MQ Research’s Bear Case scenario, MRCB’s fair value is at RM0.88, as such at the current level, the stock is still undervalued.

Our PM already said...."it is difficult to reduce cost or cancel the HSR"....so only "delay" is the most outcome...and MRCB will benefit the most....don't forget...MRCB more or less belong to Rakyat from the shareholding in EPF + Tabung Haji (abt 40%)

no goring. and no secret too. it is the conclusion of the EDL sales , and reduce gearing (or a special dividend since they collected funds from RI last time) and the HSR announcement next week

Selling pressure fully absorbed. Now, waiting the completion of the sales of EDL. According this news, government is expected to compensate MRCB of RM70 mil p.a
http://says.com/my/news/government-to-pay-billions-of-ringgit-in-compensation-to-plus-mrcb-for-abolishing-tolls

another excitement news will be the detail announcement of the HSR by next week

Still a good bet given current price level. Assume you discount 20% off, you still can expect the price to move toward RM1.20 level

Based on market yield of 5%, and further assume its annual dividend of 7.5 sen, then we can expect the share price to move to RM1.50 level

no "forfeit" but price may adjust downward by the dividend amount

HSR will not cancel, just delay. MRT3 not cancel, just reduce cost. Who benefit the most ? Rakyat (with EPF). LOL

Wait for its 2 sen dividend ex 2/8 and coming 6 sen dividend. Poh Huat declared 8 sen last year. Should be the same or higher this year since they have more than enough money to buy the 2nd warehouse in Australia

MRCB ?

Do you guys know that both EPF + Tabung Haji hold 42% in total ? MRCB is clear a new "branded" counter. It is still part of the new GLC. Main contract still back to MRCB. With its NTA/share of RM1.10, don't you think the share price won't hit RM1.10 ? both EPF and TH won't be so stupid to just keep averaging without checking its fundamental, given the new MOF, they will have to pay extra attention to stock they are buying.

talk nonsense

Hi put this topic aside....Why I never see you post any positive news ?

Hi KC. I enjoy reading your article. a bit of comments...maybe you could "shorten" your article by focus on main point / topic rather than evaluate too much and we as reader may "loss focus". Thanks

I just read today Sin Chew (11Jun2018), and agreed with what it say inside the "investment class" topic....in conclude, we need to "simplify", "contrarian" and "open minded" in investing by not just follow what other experts are doing ....

Legalize the on line gambling ....

Anybody attending AGM on 10/4 ?

announced 3 sen dividend

Something wrong with its Vietnam operation. Its profit margin drop to 9.6% from 11.5%, and tax shot up to 27% from 19%. Vietnam is its main contributor. This negative impact could affect its peer - Poh Huat too. Just take note. Poh Huat main contributor is also come from Vietnam.

Dato Calvin, its NTA is not 58sen. Please adjust its recent 8:5 RI. It could reduce to 25 ~ 30sen range. Please help to do the maths for us. I also lazy to calculate, agak agak saja

Hallo Calvin. You are here again. Let's do some maths again. Assume our forecast remain intact with 25% growth in EPS to 27.68sen in this year. We work out its PE at 6.97x now and P/BV at 1.55x. Further assume they are gonna to reduce dividend payout as they are going to increase capex, we will expect higher depreciation and follow Latitude style by paying only penat dividend ! Then, we look at Latitude , trading at PE of 6.9X and P/BV of 0.89. It is very obvious PH is "fairly value" now at RM1.93 ! Media is widely reported that shortage of labour and increase in raw material prices with strengthening of Ringgit.....time to switch to palm oil.

Make so much profit but no declaration of dividen. So disppointed! Please don't follow Latitude style of paying penut dividen. Hinting of capex meaning of less dividend in near future

TA research forecast report contribute to the force lah.

Not 'think' ! It will turn up !

still watching ? we are laughing to the bank loh..

http://www.thestar.com.my/business/business-news/2017/01/14/poh-huat-banks-on-us-for-growth

Calvin, Let's work out some maths based on its latest media coverage in TheStar on 14/1/17.

"Poh Huat group financial controller Lee Ing Tiong says the company has set up a foreign exchange benchmark of 4.2 ringgit per US dollar for its financial year ending Oct 31, 2017 (FY17)"

"For 2017, Poh Huat is targeting an increase in revenue of between 15% to 20% and to maintain a profit before tax margin of at least 12%"

"It recently ventured into Australia after buying a detached warehouse cum office-showroom in Dandenong, Victoria, Australia for A$4.25mil (RM13.29mil) in September 2016. “Australians have almost the same taste like the Americans. “We believe that it would take at least two years to see the impact,” he says."

Management has guided a exchange rate of RM4.20 which is rather fair and conservative. The US currency was trading at 4.40 level in Jan and 4.30 level currently, and in fact, many banks start to forecast Ringgit to trade at 4.20 level by year end. It concludes that management has been very prudent in managing the costs. They have anticipated the raw material to rise after Chinese New Year too. Given this, I expect the 2nd q result will be much better than 2nd q last year. But, don't expect it will perform better than 1st q this year or 4q last year, because 2nd q is a low peak quarter and 4th q is the top peak period.

Poh Huat is targeting 15% growth in sales in 2017. So, we expect sales in 2017 to be RM615.50mil. Given its PBT margin of 12%, this works out PBT of RM73.86mil and net profit of RM59mil (assume tax rate of 20% as per last year). EPS will be 27.68 sen in 2017 (growth by 25%). So, it is trading at prospective PE of 6.6x, which I feel is low (I may be wrong here). I do expect furniture counters to trade at PE of 9x ~ 10x , which translate to RM2.50 (fair value) !

Management is active to look out for expansion. However, don't expect immediate fruit within these 2 to 4 years from Australia (or southern part of the globe). So, I personally don't look at it for the time being. Maybe I would have exited at RM2.50 by end of this year !

Finally, management has consistently paying dividend of 2 sen per quarter, which work out 8 sen per year or payout of 36% or yield of 4.4%, which is good (but not excellent if compare to Lii Hen of 22 sen dividend or payout of 53% or yield of 6.9% ! However, it is better than the stingy Latitude of paying merely 12 sen dividend or payout of 16% or yield of 2.3% !). Anyway, I expect Poh huat to declare higher than 8sen dividend this year given better profit. Assuming they maintain similar payout, we can expect total dividend of 10sen this year. Let's hope for it or exit at RM2.50 ??