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.