Posted by abang_misai > 2019-01-03 08:12 | Report Abuse

Great stock icon

Posted by Beza > 2019-01-03 08:20 | Report Abuse

4.5 cents annual div lah. In time like this (bearish), if you get stock with RM2.21, ou loss. Better put into fixed deposit. So you bet lah!

Posted by Flintstones > 2019-01-03 08:40 | Report Abuse

MBM is another forever undervalued company. Sometimes you got to think why the undervaluation persists. Is it because of its business? Is it because of its holding company status? Is it because of the illiquidity discount? Plenty of factors to ponder at. CCB who one time had a 49% stake in mercedes benz malaysia was completely ignored by the market too. My theory is that fund managers tend to discount associate stake in car manufacturers and prefer to value companies with car manufacturing/dealership as their core business. That is why BAuto, Sime are valued at a premium

Posted by Icon8888 > 2019-01-03 08:57 | Report Abuse

most of the points you mentioned above sound correct but are indeed text book theory

but I lazy to argue as it will anger you (somebody who has high regard for himself)

Posted by Flintstones > 2019-01-03 10:12 | Report Abuse

Lmao

Posted by Icon8888 > 2019-01-03 12:07 | Report Abuse

Seriously, newbies might be awed by your arguments above

But seasoned investors will immediately spot the weaknesses

Posted by lazycat > 2019-01-03 12:15 | Report Abuse

Icon8888, only u and i pick mbmr in tkw competition, u max it at 30% while i only 20% hehe

Posted by Icon8888 > 2019-01-03 12:17 | Report Abuse

Yes. It is my pleasure to venture with a lazycat

Posted by lazycat > 2019-01-03 12:21 | Report Abuse

why u pick ytlp and jaks?

Posted by Icon8888 > 2019-01-03 12:36 | Report Abuse

Of course you already know why I pick Jaks . I wrote so many articles already

Posted by Icon8888 > 2019-01-03 12:36 | Report Abuse

But What do you think of ytlp ?

Posted by paperplane > 2019-01-03 12:38 | Report Abuse

Hehe. Aruz oh. Ok mah. 70k

Posted by lazycat > 2019-01-03 12:40 | Report Abuse

u should know better than me since u the 1 that pick it?
mmm.. yes4g is a failed venture , singapore utilities business can't earn money , malaysia 2 power plant already expired , only wess3x water is profitable , jordan and indonesia power plant i dono, din't follow up

there better investment i can make else where, ytlp i don't like

Posted by godhand > 2019-01-03 12:50 | Report Abuse

not interested in automobile industry. feel like it will get disrupted very easily . especially component manufacturing company. The only real money making machine is their stake in perodua.

Posted by Icon8888 > 2019-01-03 13:13 | Report Abuse

This lazycat not really lazy

Did a lot of homework

Most of he points correct also

As for why I bought, because I think no deal brexit unlikely happens. So I bought a bit. It has come down quite a lot afterall


u should know better than me since u the 1 that pick it?
mmm.. yes4g is a failed venture , singapore utilities business can't earn money , malaysia 2 power plant already expired , only wess3x water is profitable , jordan and indonesia power plant i dono, din't follow up

there better investment i can make else where, ytlp i don't like

Posted by Icon8888 > 2019-01-03 13:14 | Report Abuse

Yes. It is entirely a Perodua story


Posted by godhand > Jan 3, 2019 12:50 PM | Report Abuse

not interested in automobile industry. feel like it will get disrupted very easily . especially component manufacturing company. The only real money making machine is their stake in perodua.

Posted by qqq3 > 2019-01-03 13:14 | Report Abuse

y Flintstones > Jan 3, 2019 08:40 AM | Report Abuse

MBM is another forever undervalued company. Sometimes you got to think why the undervaluation persists. Is it because of its business? Is it because of its holding company status? Is it because of the illiquidity discount? Plenty of factors to ponder at. CCB who one time had a 49% stake in mercedes benz malaysia was completely ignored by the market too. My theory is that fund managers tend to discount associate stake in car manufacturers and prefer to value companies with car manufacturing/dealership as their core business. That is why BAuto, Sime are valued at a premium
=========


that goes to the core of the issue....

associate businesses...got earnings....(accounting profits only) but no control and no cash flows.....nevermind...MBM got takeover play......

Posted by Icon8888 > 2019-01-03 13:28 | Report Abuse

Same as flinstone, qqq3's above arguments are full of holes also

But being the one that nominate qqq3 as one of the most argumentative person in i3, I better keep my opinion to myself

Not interested in engaging in endless debates and spoil our budding friendship

Posted by valuelurker > 2019-01-03 15:30 | Report Abuse

MBMR - 20% stake in Perodua new Aruz Deras and Myvi

UMW - new Toyota godcar

Pecca - new Perodua, new Toyota, Nissan (who knows when Proton X70 CKD's in Tanjung Malim...) comes with free 100 mil net cash and 7% dividend yield

Posted by qqq3 > 2019-01-03 15:39 | Report Abuse

Icon8888 > Jan 3, 2019 01:28 PM | Report Abuse

Same as flinstone, qqq3's above arguments are full of holes also
=====



own operations really do get premiums compared to associate company operations......

Posted by dusti > 2019-01-03 15:49 | Report Abuse

EPS ...........really?

Posted by Flintstones > 2019-01-03 15:57 | Report Abuse

Icon8888, I did not rebut your remarks here because I respect you as a long time i3 contributor as opposed to the random commenter. What I want to share is look beyond the numbers and understand why the market undervalue MBMR. Even the recent acquirer made a lowball offer on MBMR which was rejected. There are plenty of profitable associate companies held under holding entity that is undervalued by the market. Anyway, this does not mean MBMR share price will not go up. It may go to RM 3 and I wish you a happy new year!

Posted by qqq3 > 2019-01-03 16:04 | Report Abuse

as for Jaks and IPP....no worries...IPP got very high dividend payout ratios and Jaks will not suffer similar fate.

Posted by Choivo Capital > 2019-01-03 17:46 | Report Abuse

Its cheap lah. Was looking at it a month or two back during 3Q.

I dont think the management is any good. They are similarly undervalued business, with much better management.

But 6PE. and roughly half book. FV for me is barely 1.2-1.3bil

Might be worth a 1-3% punt as an NTA. If they ever sold the stake, RM1.5bil for 20% of perodua is possible, and give out the full amount in div.

Would then go up to RM4 or more easily. But so many cheap NTA companies now also haha.

Posted by Hafid > 2019-01-04 06:47 | Report Abuse

Product stake give dividend enough to come very the dividend

Posted by Icon8888 > 2019-01-04 08:53 | Report Abuse

Horrible kid.... only know to talk don't know how to listen

Next time your wife will give you hell



Choivo Capital Its cheap lah. Was looking at it a month or two back during 3Q.

I dont think the management is any good. They are similarly undervalued business, with much better management.

But 6PE. and roughly half book. FV for me is barely 1.2-1.3bil

Might be worth a 1-3% punt as an NTA. If they ever sold the stake, RM1.5bil for 20% of perodua is possible, and give out the full amount in div.

Would then go up to RM4 or more easily. But so many cheap NTA companies now also haha.
03/01/2019 17:46

Posted by lazycat > 2019-01-04 08:54 | Report Abuse

icon8888 , why u 20% 3a?

Posted by VenFx > 2019-01-04 08:58 | Report Abuse

Maybe his future wife only obey 100% ler.
Never express her own need and feel one, a all times yes wife.

Thats his Destiny lo.

Posted by Icon8888 > 2019-01-04 09:13 | Report Abuse

this lazycat totally not lazy, always sniffing around for ideas. I like

few reasons :-

(1) it was sold down drastically from 80 sen to 70 sen last minute before stock pick begins. So I opportunistically pick it. True enough, it now rebound to RM0.75, and I buta buta made few percent gain;

(2) it is not so susceptible to economic condition. So if this year economy not so good, it might be less affected; and

(3) tapioca price has come down so profitability should improve

http://www.thaitapiocastarch.org/en/information/statistics/weekly_tapioca_starch_price/2018

(4) of course it is a good company. I have it in my real portfolio. But my cost 80 sen instead of 70 sen. This stock is long term hold for me. I won't sell so easily.




lazycat icon8888 , why u 20% 3a?
04/01/2019 08:54

Posted by lazycat > 2019-01-04 09:25 | Report Abuse

oic , i introduce u 1 stock , chinwel 5007 , i'm already in , tell me ur view if u free?

Posted by Icon8888 > 2019-01-04 09:39 | Report Abuse

can you give me your input then I know better where to zoom in

what is the theme ?

Posted by lazycat > 2019-01-04 09:42 | Report Abuse

everything is going right with the company , i switch from genm to chinwel , i think i'll sleep better haha

Posted by Icon8888 > 2019-01-04 10:01 | Report Abuse

what is going right ? tell me the details lah, why reinvent the wheel ? let me inspect the wheel instead. that is more efficient

Posted by stockmanmy > 2019-01-04 10:09 | Report Abuse

by Choivo Capital > Jan 3, 2019 05:46 PM | Report Abuse

Might be worth a 1-3% punt as an NTA
============

don't even bother....1-3% not going to make any difference either way.....no 10%, no need talk

Posted by stockmanmy > 2019-01-04 10:11 | Report Abuse

don't even bother....1-3% not going to make any difference either way.....no 10%, no need talk...successful investors should have somme at least 20%...


no point like calvin got 5% of cash in market spread over 50 stocks.