It is just normal for MRCB to drop today, some force selling couple with profit takings activities towards closing, opportunity for buying on weakness.
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
Don't expect much flying this week for MRCB and the rest major stocks I think the market is taking a short break from the recent rally. at best now is just consolidating at some certain support level good for accumulation I think, at best maybe next week will start moving again just a hunch.
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greatgains88
94 posts
Posted by greatgains88 > 2018-01-09 14:33 | Report Abuse
great time to accumulate more guys!