What about those development in KL Sentral ??? Looks like they r same culture as MAS , 2many blood sucker within the Board , thks god cash in last year !!!! Al the best 4those still praying , lohhhhhh
Malaysian Resources Corp Bhd (MRCB) posted higher pre-tax profit of RM134.002 million for financial year ended December 31, 2012 as compared to RM123.313 million recorded in the same period a year ago.
Its revenue rose to RM1.283 billion from RM1.226 billion.
In a statement today, MRCB said the improved performance was due to higher contribution from the group's ongoing property development projects in Kuala Lumpur Sentral.
The group also attributed the strong performance to its property investment activities, notably a full-year rental income from Platinum Sentral, which was completed at the end of last year.
The group's property division's healthy growth is further boosted by the successful launch and revenue recognition of The Sentral Residences which commenced on the third quarter of the financial year.
The environmental division also contributed positively to the group's results for the year under review after awards were received for work done under the two environmental projects.
Moving forward, the sroup said it has strategised to further increase its landbank in strategic locations within the Klang Valley for its future development by entering into various share sale agreements with Nusa Gapurna Development Sdn Bhd.
The proposed strategic deal will further boost the group's prime landbank, all located strategically in the Klang Valley, with the key development being the PJ Sentral Garden City Development, it said.
With the group's proven track record at urban regeneration in the like of the Kuala Lumpur Sentral development, coupled with the newly acquired land banks that are development-ready, the board expects the group to be poised for further growth in terms of revenue and profitability.-- Bernama
One thing I've observed about the stockmarket - the NTA isn't too useful for *traders*. MK Land for instance...it's trading at well below its NTA. Momentum is everything. Getting in and out at the right time - if only we can improve on this. Anyway with MRCB, it seems that the TA charts are reliable most of the time with this particular counter. It's popular with speculators, and if they are in, it will go up and up. Of course the opposite will also be true as seen over the past few months.
Company Name MALAYSIAN RESOURCES CORPORATION BERHAD Stock Name MRCB Date Announced 4 Mar 2013 Category General Announcement Reference No MR-130304-63129
Type Announcement Subject OTHERS Description PURCHASE OF SHELF COMPANY
The Board of Directors of Malaysia Resources Corporation Berhad (“the Company”) wishes to announce that the Company had today acquired Lotus Terrain Sdn Bhd (“LTSB”).
LTSB was incorporated in Malaysia under the Companies’ Act 1965 on 28 November 2012. The authorised share capital of LTSB is RM100,000 comprising 100,000 ordinary shares of RM1.00 each, out of which 2 shares have been issued and fully paid up. LTSB is a dormant company.
None of the Directors and/or major shareholders of the Company and/or person connected to them have any interest, direct or indirect, in the acquisition of LTSB.
It needs to convincingly break past 1.40 and stay above that. It did earlier today but slipped back on profit-taking. And this is also one of the problems with MRCB - the traders tend to run after only a few sen of gain. But those who came in at 1.26 or so just a week or so ago are in a comfortable position right now.
i think it is the right time to enter... normally counters under ummo will shoot up & it is almost the time for all eg counters to move... all indicators show me bullish so i jst jumped in at 1.41..
I may be wrong because it might announce something in the near future and some insiders who already know of it are buying early. But I don't think this is news-related to anything. It's probably more of the "second wind" in response to matter concerning Gapurna at around Chinese New Year. This is definitely positive, especially when it will now have a CEO/Managing Director who is also a major shareholder. It's always good when someone in this position has a significant financial stake in the wellbeing of a company; not some seat-warmer who is into it solely for the salary.
MRCB went up after that but couldn't sustain the upswing. Among other things, the GE Factor was weighing it down since it's one of those counters perceived to be politically connected. But many investors like the Gapurna deal, especially the warrants they'll be getting. The weak holders have already been weeded out during those months when MRCB went down and down from its `usual' range of 1.60-1.75 to as low as 1.20-something. Based on the technical readings, it is obviously on an upswing. The question is, how long can this be sustained?
I'm taking a risk with it... the cheap way through its CWs. Had sold some of the -CN after CNY but I'm keeping the rest. Ex. Price of 1.60, expires 31/5/2013 - I feel there's a fighting chance.
It was like that a lot of the time previously. But since a couple of months ago or so, it did very poorly as compared to UEM Land. The latter at least had ups and downs while with MRCB it was mostly "downs" only. Hopefully they are becoming more aligned like before as you have noted. If that's so, then the upside potential looks promising - MRCB needs only to go back to its `normal' range and many traders will be very happy.
@Desmond, it's roughly in the 1.60-1.75 previously. For traders, this kind of range is attractive enough to speculate on. And that's another problem with MRCB - many traders are content with just modest gains, selling for profits of less than 10 sen.
@maxtbp86, 2.00 is perhaps too ambitious to think about at the moment. I will be happy with this first - that 1.40 is a solid support. Having a base is critical and MRCB is forming one after having gone down to new territory with those below 1.30 prices. It broke the technical charts in that we can't even be reasonably sure of where the bottom was. But things are getting better now - just watch the 1.40. The next target will be to approach 1.60. If it gets past that, then the good days for MRCB punters are back. Right now many are rather jittery; one foot is always at the exit ready to run.
Company Name MALAYSIAN RESOURCES CORPORATION BERHAD Stock Name MRCB Date Announced 12 Mar 2013 Category General Announcement Reference No MI-130312-56310
Type Announcement Subject MULTIPLE PROPOSALS Description MALAYSIAN RESOURCES CORPORATION BERHAD (“MRCB” OR “COMPANY”)
(i) PROPOSED ACQUISITIONS; (ii) PROPOSED FREE WARRANTS (iii) PROPOSED EXEMPTION; (iv) PROPOSED IASC; AND (v) PROPOSED AMENDMENTS.
(TO BE COLLECTIVELY REFERRED TO AS “PROPOSALS”)
We refer to the announcement made by RHB Investment Bank on behalf of the Board on 8 February 2013 in relation to the Proposals. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcement in relation to the Proposals.
On behalf of the Board, RHB Investment Bank wishes to announce that MRCB has, on the date of this announcement, submitted the Property Valuation Reports to Bursa Malaysia Securities Berhad.
The Property Valuation Reports are currently available for inspection at the registered office of the Company at Level 21, 1 Sentral, Jalan Travers, Kuala Lumpur Sentral, 50470, Kuala Lumpur, during normal business hours (except public holidays) for a period of three (3) months from the date of this announcement.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Melvin G
601 posts
Posted by Melvin G > 2013-02-25 17:20 | Report Abuse
LOL shahfar you punter! Cute!