YEAH. READ NEWS THAT BERSIH2 N SELANGOR GOVT TAKING MULTIPLE COURT INJUNCTIONS N OTHER PROTEST ACTIONS TO DELAY ELECTION COMMISSION FROM COMPLETING ITS REDELEANATION EXERCISE N THUS PREVENTING ITS SUBMISSION TO THIS COMING PARLIAMENT SESSION ENDING IN MONTH OF MAY. CAN ONLY SUBMIT ONLY IN NEXT SESSION (JULY ? )

PLUS THE RM680M CASH FROM DISPOSALOF MENARA CELCOM.
PLUS LOTS MORE INCOMING CASH

ALL THESE RAM TALK ABOUT A SITUATION BY THIS DECEMBER/YEAR END IS SO SO FAR AWAY WHEN WE ARE NOW IN JANUARY.
IT'S 12 MONTHS AWAY . SURELY THE GOVT WILL SETTLE THE EDL ISSUE VERY SOON LIKELY WITHIN THE NEXT FEW WEEKS.
MOREOVER MRCB HAS LOTS OF CASH FROM ITS RIGHTS ISSUE (EVEN IF WE DO NOT INCLUDE THE CASH COMING FROM EPF (1.14B AND FROM TABUNG HAJI (137m)

Good to be aware or remember that the disposal of EDL to the Govt is only one of the many positive catalysts for MRCB this year.

Other catalysts include :-
Disposal of Bukit Jalil TOD land to EPF FOR RM1.14B cash
Disposal of Setepak land to T. Haji for RM137M cash
Disposal of Menara Celcom for RM680M cash
Disposal of Ascott
Etc
Big RM CASH coming in
Big disposal gains to be credited to profit account
Significant normal profit increase due to improved profit margins resulting from reduction in its borrowings interest expenses
Increasing PDP fees for all its TOD coming up (big jump if its J/V PDP bid with Gamuda is successful)

Very good prospects for MRCB GOING FORWARD
(HENCE THERE ARE MANY MANY GOOD NEWS AND ANNOUNCEMENTS COMING IN ADDITION TO THE DISPOSAL OF EDL)

HIGHER PROFIT RESULTS ALSO DUE TO BETTER MARGINS AS LESS BORROWING COSTS WILL TRANSLATE INTO LOWER OPERATIONAL INTEREST COSTS.

OVERALL TOTAL GEARING WILL BE REDUCED TO A MUCH LOWER N MORE COMFORTABLE LEVEL AS BILLIONS OF CASH ARE TO FLOW IN OVER THE NEXT FEW WEEKS/MONTHS. INCLUDING 1.14B FROM EPF, 680M FROM DISPOSAL OF MENARA CELCOM PLUS MANY MORE MILLIONS FROM DISPOSALS TO T. HAJI N ASCOTT.
THERE WILL BE SUBSTANTIAL DISPOSAL GAINS TO BE CREDITED ITS PROFIT AC.
HENCE EXPECTING MRCB'S NEXT FEW QUARTERS PROFITS TO BE MUCH HIGHER

Based on todays latest report MRCB's Sukuk loan for its EDL highway construction comprused only 25% of its total borrowings of rm3.9B. i.e. its net EDL Sukuk loan had already been paid down over the years n now has a Net outstanding of only less than rm500m ( much less the the rm1B as earlier estimated.)
This is a positive

Fully agree with the above views on the special/unique locations of properties in and nearby Transportation Hubs.
This was also my earlier posting giving the valid factors supporting MRCB's landbanks in and around all its Transit Oriented Developments (TODs).Its KL sentral is already well known. Its upcoming Kwasa Damansara Sentral (J/v already signed with EPF),its CyberJaya Sentral, and the very significant and potentially highly profitable Bukit Jalil Sentral will become very valuable to MRCB. Properties in and around Transportation Hubs (TODs) will always command increasing demand and such niche properties will always fetch premium pricing (as recently spelt out by a Malaysian Property Consultant and now confirmed by the great demand and premium price valuations in Singapore)

Specifically on its up coming Bukit Jalil Sentral.
MRCB completed the National Sports Complex contract and the Govt paid it with lands in Bukit Jalil some years ago. This landbank is therefore cost free. This TOD will be a 30/70% J/V between MRCB and EPF which will pay RM1.14 Billions cash to MRCB.
This is real tangible evidence that MRCB's TOD landbanks are and will be gold mines which will greatly boost the fundamentals (increase in NTA, higher GDVs, lower gearings, higher profits, greater free cash flows supporting higher cash dividends)
All these positives and catalysts will boost up MRCB's share price valuations.
Watch out for the next announcements on the J/v Bukit Jalil Sentral.
The coming payment of RM1.14B cash to MRCB plus all the relevant financial details when announced will spur up MRCB's share price

OVERBOUGHT TECHNICALS SHOULD BE NEUTRALISED SOON WITH TODAY'S HEAVY PROFIT TAKING AND CONSOLIDATION. UPTREND TO RESUME

WOW.! DRB NOW UP 13 TO 2.57

STRONG REBOUND NOW IN THE OTHER GLC ELECTION STOCK, DRBHICOM FROM TO GAIN LOSS (LOW 2.40 TO 2.52) MRCB WILL ALSO REBOUND

Plus one more very significant event n announcement. The formal J/v Agreement with EPF for the Bukit jalil Sentral in which EPF will pay MRCB RM1.14B CASH for 70% of this TOD.
BIG CASH INFLOW N BIG DISPOSAL GAIN FOR MRCB (TOD land is cost free )

Expected normal profit taking. Very well absorbed. about 3.9m vol done this mornings high of 1.31. Strong base building for next up target to 1.31 to 1.38 range. A Step Up Staircase pattern

Properties near MRT stations will be in big demand this year, says consultancy
FMT Reporters
| January 5, 2018
Savills says better public transportation, afforded by MRT lines and ride-shares connected to these lines, will result in greater demand for properties near MRT stations.
UALA LUMPUR: The demand for properties near Mass Rapid Transit (MRT) stations will increase, according real estate services provider Savills Malaysia Sdn Bhd.
This is not only because the MRT is rapidly gaining wide acceptance and changing commuter patterns, it is also connected to other places by ride-sharing operators.
The Edge Property quoted Savills managing director Paul Khong as saying: “Working together with ride shares, the MRT is providing a credible public transport network that is long overdue in this city. This will focus demand around stations and reshape the pattern of property values in Greater KL.”
Savills Malaysia executive chairman Christopher Boyd was quoted as saying: “In other countries such as the UK and Australia, you see many agencies advertising a property based on its distance from the transit lines. This is now happening in Kuala Lumpur. Not only will this apply for residential properties but also for commercial and retail properties.”

MRCB A UNIQUE INFRASTRUCTURE AND CONSTRUCTION COMPANY AND THE SPECIALIST IN TODs (TRANSIT ORIENTED DEVTS) AND THE OWNER OF TOD LANDBANKS WHICH WILL BE DEVELOPED INTO NICHE PROPERTIES (COMMERCIAL/OFFICE/SERVICE APARTMENTS, HOTELS) FOR SALES AND FOR RECURRING INCOMES). NICHE PROPERTIES BEING WITHIN THE PRIME/STRATEGIC LOCATIONS SERVICED BY MULTIPLE MODERN TRANSPORTATION FACILITIES LIKE MRT, LRT, MONORAILS, BUSES , TAXIES, RIDE SHARING, ARE IN GREAT DEMAND AND WILL CONTINUES TO BE WELL SOUGHT WITH PREMIUM PRICES/VALUATIONS

Its upcoming Kwasa Damansara Sentral, Bukit Jalil Sentral, Cyberjaya Sentral (which will become net cash assets within the next few months per analysis by Macquarie Equities Research)

Will be turned into goldmines which will generate huge profits and higher NTAs for many years to come. Increasing profits plus huge disposal gains (eg. Selling 70% 0f its Bukit Jalil Setral land to EPF for RM1.14B cash when its landbank there is already cost free as it recd this land from the Govt as payment for completing the National Sports Complex at Bukit Jalil several years back).
BRIGHT BUSINESS PROSPECTS (HUGE CASH INFLOWS, SIGNIFICANTLY REDUCED GEARINGS, MUCH HIGHER NTAs, GROWING PROFITS (ONE ANALYST FORCASTED A DOUBLING OF EPS) ROBUST FREE CASH FLOWS LEADING TO HIGHER DIVIDENDS, WILL SUPPORT ITS SHARE PRICE VALUATIONS TO 1.51, 1.80, 2.80, 3.88 AND ABOVE AS IT PROGRESSIVELY BECOME A BLUE CHIP
(THE ABOVE INDICATE VERY BRIGHT PROSPECTS FOR MRCB FUNDAMENTALS WHICH WILL PROPEL ITS SHARE PRICES UPWARDS. PERSONALLY, MRCB'S GOOD PRICE PERFORMANCE REPRESENTS MY BEST HOPE FOR MY SUCCESSFUL 2018 INVESTMENT)

Very Happy & Relaxed weekend with my spirits buoyed by accelerating uptrend in MRCB share prices. And with the many good news and catalysts unfolding in the next few weeks I am confident that MRCB will continue to charge ahead n upwards in 2018. Fatt Faat Faat !!!
Will do a write up on MRCB' huge upside potential based its multiple valuable landbanks surrounding all its TODs. My article will be related to a bullish report on properties located near Transportation Hubs.
Have a good weekend

Just focus on its fast improving fundamentals.
The huge cash inflows plus the many positive catalysts materialising will be the winds beneath the wings supporting the uptrend in the share price of MRCB.

Very important that the EDL disposal will also reduce its borrowings by RM1B.
The other good news will include receiving RM1.14B cash from EPF for selling 80% of the upcoming Bukit Jalil Sentral (to be built on its land here which was received from the Govt as payment for the NSC contract. This valuable land IS NOW COST FREE to MRCB. Receiving RM1.14B cash and still owns 20% of this TOD will translate into huge profits for MRCB

MRCB's fundamentals and financials are fast becoming much stronger with high profits, increased NTA, minimal borrowings, stronger cash flows and higher dividend payouts.
(Macquarie Equities Research as posted above pointed out that MRCB,s 4 Key Developments Projects will be in net cash positions in a few months time)

No more tolls at EDL starting January 1

KUALA LUMPUR: Starting Jan 1, motorists will no longer have to pay toll charges at the Johor Bahru Eastern Dispersal Link Expressway (EDL).

The Malaysian Highway Authority (LLM) in a statement yesterday said currently toll collections at the Sultan Iskandar Building toll plaza comprised two divisions, namely PLUS Malaysia Berhad (PLUS) and EDL.

MRCB WILL BE TURNING ITS BUKIT JALIL LAND (PREVIOUSLY RECD FROM THE GOVT AS PAYMENT FOR ITS NATIONAL SPORTS COMNPLEX REFUBISHMENT CONTRACT) INTO A GOLD MINE BY USING IT AS ITS NEXT TOD (BUKIT JALIL SENTRAL). BY SELLING 80% TO EPF FOR RM1.14B CASH, I THINK MRCB'S FUTURE PROFITS WILL BE UP A LOT (BCOS I RATIONALISE THIS LAND IS NOW COST FREE TO MRCB)

3 near tem catalysts to materialise :-
1) EDL Highway. Disposal to the Govt being finalised. Likely total value at RM2.75B inclusive of off-loading its RM1B Sukuk Loan (thus greatly reducing its gearing and saving a lot of interest cost and increase it profits, raising its free cash flows for higher dividends)
2) Kwasa Sentral at Kwasa Damansara worth RM8B J/v with EPF just signed. As its PDP MRCB will receive RM165M fees.
3) Monetisation of its Bukit Jalil land which will be turned into its next TOD, its Bukit Jalil Sentral. Recall MRCB completed the National Sports Complex (Bukit Jalil Spoirts Coimplex) Refurbishment Contract and was paid in kind (Bukit Jalil lands). This land will soon be commercialised into MRCB’s next TOD, the Bukit Jalil Sentral. EPF will pay MRCB RM1.14B in CASH for 80% of this TOD. This monetisation of its Bukit Jalil land will be a very positive game changer as it will rapidly and greatly strengthen its fundamentals and business prospects when combined with the following :-
a) The incoming cash payment RM1.14B from EPF together with its cash pile of RM2.9B from its RI plus its PDP fee of RM165M plus its sale of a stake to T. Haji for RM100M cash (disposal gain RM58M0)plus the impending sales proceeds from its disposals of Menara Celcom, Ascott, etc, will transform MRCB into a valuable company with minimal gearing, significantly more profitable (lower P.E. ), higher NTA, and capable of paying higher/good dividends.
b) Macquarie Equities Research had pointed out that based on the above, MRCB’s gearing will be very minimal and in fact achieve a Net Cash position for 4 of its Key Developmnent Projects (Kwasa Sentral, Bukit Jalil Sentral, Cyber Jya Sentral and German Embassy land)
Re-posting here is Maquarie’s Research article :
‘ they expect EPF to complete the purchase of an 80% stake in Bukit Jall Sentral for RM1.14bn – which MRCB could utilise to pay off the debt raised for Kwasa Sentral. As such, within six to eight months post rights issue, MRCB’s key development projects, including Kwasa Sentral, Cyberjaya Sentral, German Embassy Land and Bukit Jalil Sentral, will be debt free’.

HENCE CAN EXPECT GOVT OFFER FOR ITS EDL TO BE GOOD AND GENEREOUS

GOVT TAKE OVER OF EDL HIGHWAY.
MRCB IS MAJORITY OWNED BY EPF
MANY EPF MEMBERS N CONTRIBUTORS ARE SHAREHOLDERS OF MRCB AND THEY ARE VALUABLE VOTERS FOR THE GENERAL ELECTION
MRCB IS AN IMPORTANT GLC WHICH HAD ALSO DONE A LOT FOR THE GOVT.
(EG COMPLETED THE NATIONAL SPORTS COMPLEX (REFURBISHMENT OF BUKIT JALIL SPORTS COMPLEX FOR MORE THE RM1B AND ONLY PAID BY THE GOVT BY LAND.
THIS LAND WILL NEVERTHELESSS IS NOW VERY VALUABLE AND WILL BE MONETISED SOON INTO ITS NEXT BUKIT JALIL SENTRAL AND THIS WILL SIGNIFICANTLY BOOST THE VALUATION AMD PROSPECTS OF MRCB)

Limit up is always possible on Tuesday. If not Tuesday then will happen soon with so many positive catalysts to be activated over the next few weeks n months. Expect a continous stream of good news n announcements over the term .

MRCB has experienced a breakout above the RM1.07 level with rising volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Price may rally, targeting the RM1.15- RM1.18 levels. Support will be set around the RM1.02 level.

Afternoon session show time !!!.
Good bye 1.08. Hello & Welcome 1.13 to 1.18
Book your seats.