MRCB (Rm1.19) Intrinsic Value Rm5.00. Target price: Rm2.80
Recent sell down was due to Capital being used to support Bukit Jalil Stadium. RI was the cause of the sell down. The sell down is overdone. Expect BN Govt to give some nice Big Jobs to compensate MRCB. These are possible Job Awards: ECER's Rm55 Billions Job, High Speed Rail, Bandar Malaysia, sale of EDL Highway to EPF or other Surprises?
So Expect A Coming Windfall. After all Top Holder of MRCB is EPF.
Still no price fixing this week. Initially said gonna fix it in mid August. Already 3 weeks delay...Are they still hoping that the price would recover and they can fix the RI at RM1 instead of RM0.75? If so, they need to move the price up to around 1.57 b4 they can fix the price. That would require Bandar Malaysia contract to be secured. Else how to go up 38 sen in 2-3 weeks time?
this news is irrelevant and insignificant to the 2 actual important news that MRCB is waiting for. my aunt wanna make this her counter only. she is betting all in (yat bowl sing tian (cantonese)) LOL.
MRCB further lower down its right share to 79sen!?
MRCB right share have change from original proposal at RM 1.00, then later further down to 85sen in the circular to shareholder, now, further further down again to 79sen. !? A BIG discount to current share price, a BIG dilution in the current share price price to 99sen later after ex right!
The significant lower right share price issue at 79sen compared to current market price is NOT good for exiting shareholder due to severe dilution in share price later, BUT is good for upcoming new shareholder to buy on weakness and subscribe right share cheaply with free warrant.
awarded new project but right issue price lower than expected, so how? drop first then up when announce election or up first then drop and consolidate till qr consistently improve?
calvintaneng, you don't be so foolish yourself lah
You say insider buy esos 1.30, you think most regular ppl buy esos will hold long long one meh??
And since when mrcb buy up bukit jalil?? huge difference between renovating/refurb vs buying lohhh
and what on earth is the connection btwn recent sea game being success, and mrcb performance?? their contract to refurb the staidum not conditional on how many gold medals msia win oso
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....
alphabeta1
7 posts
Posted by alphabeta1 > 2017-08-31 11:10 | Report Abuse
Next QR no Sea Games related boost. Worse QR likely.