steady. tomorrow fly

flush out all contra and those who bought last week first

RAYA goreng 40 sen coming

excellent quarter result

big shark just entered again

Malton already denied they involvement in Bandar Malaysia. MRCB is in spotlight now with the connection and upcoming election theme.

today shoot up

woh big shark enter MRCB today

http://www.thestar.com.my/business/business-news/2017/05/16/chinese-fdi-theme-to-be-revisited/

it's a trap

TRX City, a wholly-owned unit of
the ministry of fi nance, had indeed re-
funded the deposit of RM741 million
plus other payments to IWH-CREC
last week. The refund signified the
official termination of the stake sale.
Meanwhile, Najib also met Wan-
da Group’s owner Wang Jianlin, who
expressed his interest in participating
in the development of Bandar Ma-
laysia. Wang is China’s richest man.
Najib told reporters that he ex-
pected Wanda to accept Malaysia’s
invitation to develop Bandar Ma-
laysia, expressing confi dence that
the leading Chinese property and
entertainment group could “deliver
something extraordinary, something
so imaginative that we can create
Bandar Malaysia as something that
all Malaysians and the region can
be proud of”.

whatever it is, MRCB will get the contract to build terminal for Bdr Msia. Good and confirm prospect.

Go go mrcb. TP rm2

Fly soon

“We make no changes to our FY17-19F forecasts, but we increase our fair value to RM1.89 as we lower our discount to its RNAV to 10% (from 20%) as we believe the stock is ripe for further re-rating due to expected positive news flows in the upcoming months. Maintain buy,” AmInvestment said.

Positive flows in the upcoming months. ;)

TP Rm2 by end year

this is just temporary because of the esos listing. Actually a good opportunity to collect low. After this, will shoot up back again.

so much for your 2014 article.

http://indiatoday.intoday.in/education/story/india-gdp-surpasses-uk/1/840717.html

http://www.investopedia.com/articles/investing/022415/worlds-top-10-economies.asp

https://www.forbes.com/best-countries-for-business/list/#tab:overall

collect more hehe

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5389101

EPF bought 3,192,884 shares on 3rd April

Maintain BUY with unchanged TP of RM2.68

Disposing Straits Quay Mall?

Slightly positive if the deal materializes

Minimal impact on E&O earnings

Disposing Straits Quay Mall? Media reported that Eastern & Oriental Bhd (E&O) is believed to be in talks to disposing Straits Quay Mall with a convention centre for RM230m. The mall is located in Straits Quay Marina of Seri Tanjung Pinang. The mall is having net lettable area of 270,000 sq ft with occupancy rate of 80%. Meanwhile, the built-up of the convention centre is at 25,300 sq ft. The reported selling price of RM230m for the asset is close to its net book value of RM233m.

Slightly positive if the deal materializes. We are not entirely surprised by the news as E&O had previously guided they may dispose assets to pare down its borrowings. Nevertheless, we are slightly positive if the deal materializes as it would further improve the balance sheet of E&O. Assuming the proceed of disposal to be utilized to pare down borrowings, we estimate net gearing of E&O to reduce to 0.44x from 0.57x (after taken into consideration of placement proceeds and deposit for STP2A stake sales from KWAP).

Minimal impact on E&O earnings. The mall and convention centre are parked under E&O Trading Sdn Bhd and we gather that the division is not making profit. Hence, we expect the reported disposal to have minimal impact on E&O earnings (if it materializes).

Maintain BUY with unchanged TP of RM2.68. We maintain our BUY call on E&O as we are positive on the long-term prospect of E&O following the entry of KWAP as strategic investor of STP2A. The entry of KWAP as a strategic investor helps to unlock the value of STP2 project and further ensure the execution of STP2A which is an all-important project to E&O.

http://klse.i3investor.com/blogs/midfresearch/120255.jsp

Source: MIDF Research

MRCB still undervalued

construction theme play + election play. Interesting stock indeed. Good potential

M R C B

good call. huge potential for this company

go go mrcb

buyers coming

rebound after 4pm

it won't go up until the next deadline, which is another 6 month. brace yourselves

TP rm2.80. no problemmm

Upgrade to BUY with TP of RM2.68


Secured strategic investor for STP2A. Eastern & Oriental Berhad (E&O) announced that it has secured Kumpulan Wang Persaraan (Diperbadankan) (KWAP) as the level 1 strategic investor for Seri Tanjung Pinang (STP) 2A project. A special purpose vehicle (SPV) will be established to undertake the development and sale of the STP2A development land where KWAP will be taking 20% equity stake for RM766m while E&O will hold the remaining 80% stake. Separately, E&O proposed to issue 66.1m shares to KWAP, representing 5.3% of E&O existing number of enlarged share capital, at an issue price within the range of RM1.84-RM2.04.

STP2A land valued at RM530psf. The 20% equity stake disposal to KWAP is equivalent to the value of 8 plots of land in STP2A with total land size of 1.45m sf that will be disposed to KWAP, valuing STP2A land at RM530psf. The transacted price of RM530psf is a positive surprise, higher than our previous land value assumption of RM400psf. We believe value of reclaimed land in STP2A will be crystalized with the entry of KWAP as it provides higher valuation benchmark for the whole STP2 project with total reclaimed land to be 760 acres.

Positive on the exercises as net gearing will be reduced. We are positive on the monetisation of STP2A land and the placement exercise as it will improve balance sheet of E&O. Post shares placement (assuming placement price at RM1.90) and receiving the 10% of disposal consideration, net gearing of E&O is estimated to fall to 0.57x from high net gearing of 0.74x as at end 3QFY17. FY17 and FY18 earnings estimate are unchanged as first launch of property projects in STP2A will only take place in 2H19.

Upgrade to BUY with TP of RM2.68. We upgrade E&O to BUY from Neutral with a higher TP of RM2.68 after revising higher value for STP2 project in our RNAV valuation. We have reduced our RNAV discount to 55% from 60% previously as we anticipate improving balance sheet of E&O. We are turning positive on E&O as the entry of KWAP as strategic investor of STP2A unlocks the value of STP2 project and further ensure the execution of STP2A which is an all-important project to E&O.

Source: MIDF Research - 31 Mar 2017

http://www.theedgemarkets.com/my/article/%E2%80%98two-horse-race-rm800m-kepong-incinerator%E2%80%99

buy low sell high

ready to rally

http://www.theedgemarkets.com/my/article/pm-najib-thanks-french-president-hollande-rejecting-malaysian-palm-oil-tax

http://www.theedgemarkets.com/my/article/palm-oil-may-resume-uptrend-around-rm2533-3-months

Utarasama Marine disposed 4,000,000 shares at open market

great analysis guys, i truly believe in this company's potential. Be grateful while it hovering at bottom level so we all can accumulate more.

just mainstream news http://www.theedgemarkets.com/my/article/selangor-will-not-chip-splash-deal-says-azmin

damnn. delay again

collecting

it's coming

http://www.theedgemarkets.com/my/article/latest-development-good-news-takeover-splash

even with just RM3Billion price, with KPS share of 30%, it is already more than whole market cap of KPS.

done deal?

http://www.theedgemarkets.com/my/article/gamuda-taliworks-may-benefit-splash-deal-%E2%80%94-cimb

deal cant delay any longer. GE is coming

someone is selling big

Bina Darulaman plans RM1.2b worth of launches for 2017

http://www.theedgemarkets.com/en/node/331443

oil rally

http://www.theedgemarkets.com/my/article/oil-prices-jump-after-surprise-us-stock-draw