hell yeah. rebound time. kekeke....

in its recent quarter report, asset value increased, EPS increased.
Previous year its dividend was way too high because of tax thing. Therefore the following year it "rationalized" and lower its dividend. I don't see any "issue" with this as the company shouldn't overpaid dividend.
bought some at 19.00 expecting RM1 dividend for the year and that will be 5% yield.

"To dispose at the discount price" is very dangerous words. How much discount? Never mentioned. Small caps sometimes disposing shares at 50% discount, remember iCar is still at net loss. So be carefully here.

The same senario can be found in almost every red chips listed in Bursa. They all "cash rich" but keep asking money from shareholders. The "cash" is multiple of their market cap, something must be wrong there. In recent years, we started seeing one after another of these stocks posting extremely lower revenue and profits, some even net loss. And the cash? Can't trust at all.

Not about privatise iCar, but privatise REV. Because if iCar stake is so valuation that worth more than market cap of REV, I can't think of any reason why the major shareholders won't privatize REV for a good profit, then re-list REV.

O&G hit hard. Perisai also PP at 1.53 and today only less than 1.00, even worst.

anyone has original doc of these two new report? I just wish to know their dividend and net gearing forcast numbers. thanks!

Modi seems quite high profile on India reform. Lets hope he moves faster and roll the ball of economy (aka energy demand).

it has high net gearing, can the dividend sustainable? cimb report gave a NR rating with 4 sen estimation yield. But it did not mention how its balance sheet can sustain that yield. IBs just expect it to successfully sell some of its assets.

malaysia increase toll fee. singapore also increase toll fee. Iskandar property will be bad in near term. stupid malaysia governemnt, loss big, earn small.

bought more mudajaya at 2.00 today.

The "real" reason? Because Mudajaya made a high risk investment on decided to invest in India. India is an undeveloped country, not an emerging country such as Malaysia. The bad about Mudajaya is the management team did not inform shareholders of that risk. Maybe, just maybe, the management themselves also did not expect India to be "that undeveloped".

To find another stock that can move up 30% from current price is not easy....actually, extremely hard. For Mudajaya, a 30% rebound is a piece of cake, if negative sentiment finally disappeared. Well, nobody knows when can this happen. But it's just too hurting to sell at current deep low price. Public bank just reported that the asset value of Mudajaya is 2.90, it's really a very cheap stock now.

I hope for good news. And I hope share price recovers strongly in near future. I still holding all my Mudajaya shares, so those who invite me (or us) to sell, I'm just thinking it's too late now. I wish it has reached bottom and about time to recover from here. God bless us (accidental) long term investors. :P

however, India is severely short of power, this is limiting the country's growth as it is on recovery phase. Optimistic point of view, we hope the government will speed up things and get it done fast. Otherwise it's also the India's fatal hit for their own country.

very high chances it is affected, in fact. So for this worst case scenario, the project may continue to delay as the company needed to reapply for the permit that may drag months if not years. Still pray it is not affected, then strong recovery. Where is our most aggressive Jonny Cash? He should had contacted the IR already now waiting for answer only. :P

no announcement today? they just keep quiet? anyone contact the IR ask this? The IR should give us accurate answer since the court case already closed.

i pray good news to inform us its company is the non-affected one, then rocket shoot up to 2.50 at least.

looks like this is the real deal for recent sharp drop on Mudajaya!

India’s Supreme Court has confirmed the cancellation of more than 200 coal licences held by dozens of private sector industrial groups, sending stocks in affected companies down sharply.
In a harsher than expected decision, the court on Wednesday also levied fines of about $1.2bn on the owners of the cancelled licences, and said that mines affected could be handed to state-backed mining group Coal India before being re-auctioned.
In August, the court declared as “arbitrary and illegal” the process by which 218 licences to mine coal had been handed out to businesses in sectors such as power and steelmaking, following allegations of irregularities brought by anti-corruption campaigners.
The formal cancellation of the licences hit shares in a range of Indian power, steel and aluminium groups, while dashing hopes that groups with operational mines would be allowed to keep them.
Jindal Steel and Power, an industrial conglomerate owned by billionaire tycoon Naveen Jindal, closed down 10 per cent shortly after the ruling.
A range of industrial groups, including energy venture Adani power and steelmaker Tata Steel, also fell on the news.
Companies that had begun mining under the now-cancelled licences now face fines of approximately $1.2bn, according to estimates from analysts at Macquarie.
Jindal Steel and Power, the worst affected group, is set to pay close to $500m.
Shares in Indian public sector banks also fell on worries that the ruling could lead to a jump in bad loans in sectors such as power and metals.
Concern over mine cancellations has cast a shadow over the recent tentative recovery of India’s industrial economy, and raised concerns about a knock-on impact on coal supplies, with many power companies facing fuel shortages.
The decision represented a defeat for India’s government, which had argued that operational mines should remain with their owners, potentially in exchange for a fine.
“This is a tough ruling, the companies were hoping that working mines would be in some ways protected, but this has not happened,” said Kameswara Rao, an energy specialist at consultants PwC in India. “But this does present a far cleaner slate on which the government can begin a new policy, in which everything will be re-auctioned, so it isn’t all bad.”
The ruling is also a blow for companies such as UK-listed Vedanta Resources, who now have to rebid for mining licences that they had previously acquired, but which had not yet begun operations.
Shares in Coal India closed up nearly 5 per cent, however, on news that it would take control of any operational mines by April 2015, giving India’s government breathing space to allow the mines to be re-auctioned.
Billionaire Anil Ambani’s Reliance Power also jumped more than 5 per cent, as the court said that a mine providing coal for a major power plant operated by the group would not be affected by the ruling.
Companies hit by the Supreme Court’s decision have said little in public about their plight since the first ruling in August, but anti-corruption campaigners welcomed Wednesday’s decision.
Environmental group Greenpeace called the decision “a victory for the environment and the people of India against rampant corruption and crony capitalism rife in the resource extraction industry”.

Copyright The Financial Times Limited 2014

I believe China's companies should be fierce competition.

Power is still a fast growing segment in Emerging economy. Hopefully Mudajaya can maintain its reputation and becomes one of the major winner riding on this potential.

However, if it able to get more jobs from foreign countries (be it highway or power plants), that would be nice.

The transitional period may at least need another 5 to 8 years ahead for Mudajaya, I guess. So it still required construction jobs other than those offered by its own group (power plants construction jobs), otherwise the EPS will be too low and share price may further de-rated.

Saw news on TV that Muhibah is the company responsible for recent MRT accident.

if mudajaya couldn't get any of these project, then we can eat wind already. :P

The government expects the construction sector to sustain double-digit
growth this year, riding on massive ongoing construction projects and potential
new investments from the private sector. Minister of Works Datuk Fadillah
Yusof said in the first half of this year the construction industry showed positive
results, posting a stronger growth of 14.3 per cent against 12 per cent in the
same period last year.
 "The construction industry will continue to be one of the prime movers of
the Malaysian economy. "The total growth of construction last year was
almost 12 per cent. Our projection this year is not less than 10 per cent," he
said. Meanwhile, Fadillah expressed hope that all seven highway
construction projects earmarked under the 10th Malaysia Plan including the
West Coast Expressway (WCE), with an estimated total cost of RM20 billion,
would commence by next year. (Bernama)

Work on seven new highways will start next year, offering jobs worth RM20bn
for the construction sector. This will also fill up the order books of construction
companies that have been waning following the tail-end of the RM23bn Klang
Valley mass rapid transit (MRT) project.
 The seven highway projects are the RM1.18bn Duta-Ulu Kelang Expressway
(DUKE) extension, the RM5.04bn West Coast Expressway (WCE) from
Banting to Taiping, the RM2.5bn Kinrara-Damansara Expressway (Kidex),
the RM1.5bn Kuala Lumpur Outer Ring Road (KLORR), the RM4.18bn
Damansara-Shah Alam Expressway (DASH), the RM4.3bn Sungai Besi-Ulu
Kelang Elevated Expressway (SUKE) and the Serdang-Kinrara-Putrajaya
Highway (SKIP).

mudajaya is asset rich, (current) profit weak.
everyone is waiting for the asset to generate reasonable profit.
some had been waiting for 5 years, and they gave up and sold.
some feel too hurt to cut loss at current price, they they close one eye.
i am the last group. :P

good news, UK. bravo!

company buyback so many stocks for what? malaysian companies rarely cancelled stocks, so....they private placement? or give stock dividend? wondering...

oh boy. 1.80 next stop....

support mr. koon. Malaysia needs people like you to voice out for the citizens.

agree.

0.90, i like. :P

EPF accumulating at low after sold at high. This is how they play, we should follow their steps and not the reverse. Sell low, buy high is retailers mostly done.

cavino, investing in stock, we don't look past and now, we look ahead in the future. :)

http://www.bloomberg.com/news/2014-09-08/india-s-rupee-climbs-to-highest-since-july-on-fed-rate-outlook.html?cmpid=yhoo

haha! good one, titus.

got AGM boh? should see big drama there....

haha...."delayed", now is trademark of this management. ya, 1.80 sounds nice.

agree with AhMoi, don't blindly follow other people's words to buy stock. Need to see the company's direction before buying any stock. If the direction persist, keep the stock. If it failed, sell. For Mudajaya, I see the direction is consistent from 2-3 years ago while I first bought it for the sake of transformation into utility stock. PE valuation for utility stock is about double of a construction stock.

we need to understand what we invested in, otherwise better go genting gambling. :)

this transformation plan has been happening since 2 to 3 years ago, what do you mean by "no concrete plan"?!
transformation period of course long term, how to transform in short term?!
well, this stock is not for short term holders, that's for sure. So, I'm holding my current stake and will not add more stake even if the share price drop further. Can't put all eggs into one basket. :)

Firing by end of 3rd quarter was told by the IR of Mudajaya as told by few forumers here who called up their IR. So who to trust now? Public Investment Bank or the IR? Haha!

24 coming...:P

very huge unbilled sales. very huge unused landbank. very huge re-rating ahead. only time will tell. :P

shame for share price depressing? you gotta be kidding me.

ooops....i mean, salary also no money to PAY (not buy :P )

if the management just wants to goyang kaki and take salary, why burned company's cash for share buy back? Later salary also no money to buy.