Posted by 31153115 > 2014-01-21 21:03 | Report Abuse

some said the TP is 2.30, can u believe that???

Posted by 31153115 > 2014-01-21 21:03 | Report Abuse

some said the TP is 2.30, can u believe that???

Posted by khairilazizie > 2014-01-21 21:10 | Report Abuse

will go to rm2.++. but ppl must with high patienttttt......

Posted by jenabchen123 > 2014-01-22 00:14 | Report Abuse

Watching for another good show by MRCB tomorrow?

Posted by meena > 2014-01-22 10:30 | Report Abuse

From Star Biz news..

Ekovest buys remaining 30% of highway concession for RM230mil

From page 1 PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) is divesting its 30% stake in the concessionaire of DutaUlu Kelang Expressway (Duke) to Ekovest Bhd for RM230mil in a cash deal, sources said.

Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd is the concessionaire of Duke.
The deal is expected to be completed by the end of this month. Sources said MRCB held its board meeting yesterday and approved the sale of Duke.
These are among some of the few “monetising” deals by MRCB that will take place over the next couple of weeks.
These deals will not only pare down the company’s debt but create recurring income, in line with the direction taken by MRCB group managing director Datuk Mohamad Salim Fateh Din after he took control of MRCB. MRCB shares closed the day up six sen to RM1.50.
“The price tag of RM230mil for Duke translates to a valuation of approximately 19 times enterprise value (EV) to earnings before interest, taxes, depreciation and amortisation (EBITDA), which is in line with recent toll acquisitions,” said an analyst.
Back in 2010, UEM Group Bhd and the Employees Provident Fund had acquired PLUS Expressways for RM23bil or RM4.60 per share.
“When PLUS Expressways was privatised, the valuation was also around EV/EBITDA of 20 times,” said one property analyst.
The move to sell Duke is in line with what MRCB has been saying, which is to hive off its non-core business.
MRCB has long-term borrowings of RM1.62bil and short-term borrowings of RM716mil, and a senior and junior sukuk worth RM1.06bil. It has a debt-to-common equity ratio of 234.4%.
Ekovest is the 70% owner of Duke via Wira Kristal Sdn Bhd. The owners of Wira Kristal are Tan Sri Lim Kang Hoo and Datuk Haris Onn Hussein.
Back in 2012, Ekovest had bought a 70% stake in the 18-km Duke under an RM325mil share-swap deal.
Under the deal, Ekovest issued 126.72 million new shares at an issue price of RM2.75 each in return for a 100% stake in Wira Kristal. Wira Kristal owns 70% of Nuzen Corp Sdn Bhd, which has a 34-year concession of Duke via its wholly-owned Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd.
Wira Kristal became a unit of Ekovest after it completed the share exchange with Ekovest in May last year.
More recently in December, Ekovest, via 70%owned Kesturi, was appointed the master contractor for the RM1.18bil phase two of Duke.
The contract is for three years and is expected to be completed by end-2016.
Ekovest said the job scope included the design, supply, installation and maintenance of tolling or other equipment for the phase.
Ekovest closed the day unchanged at RM2.83.

Posted by Vin Cullen > 2014-01-22 10:39 | Report Abuse

Something BIG HAPPEN TO MRCB...

Posted by FreeThink > 2014-01-22 10:41 | Report Abuse

horse run...hehe

Posted by jenabchen123 > 2014-01-22 11:02 | Report Abuse

1.54 with strong buying order. If block at 1.55 breaks, good chance the horse stampedes beyond a 1.60 today.

Posted by FreeThink > 2014-01-22 11:09 | Report Abuse

closest res at 1.55, 1.59, 1.61...hope can break break break...hehe

Posted by FreeThink > 2014-01-22 11:14 | Report Abuse

Latest TP 2.2 from Amresearch....
http://www.theedgemalaysia.com/business-news/272089-amresearch-re-initiates-coverage-on-mrcb-fair-value-rm220.html

Posted by 31153115 > 2014-01-22 11:22 | Report Abuse

this sleeping beauty looks more beautiful than UEMS now, go darling go.........

Posted by koyak71 > 2014-01-22 11:30 | Report Abuse

dunt be too happy ...LTH still want let go their position

Posted by jenabchen123 > 2014-01-22 12:19 | Report Abuse

2.20 TP. That is short term TP.

Posted by Vin Cullen > 2014-01-22 13:11 | Report Abuse

Make LOSS PROFIT..to fear out Investor !!

Posted by 31153115 > 2014-01-22 13:36 | Report Abuse

of course Vin, otherwise where got compensation and TOL collection for EDL, made lost because of penalty and VO for the project???I wouldn't believe that, VO is only some paper work, all the figure can be made up, I think for anyone who worked in project field especially in construction will know better about this!!!

Posted by Vin Cullen > 2014-01-22 15:45 | Report Abuse

Thumb up !! :D
I hope MRCB will hit RM2.00 In long term ... plus the dividend...

Posted by FreeThink > 2014-01-22 15:57 | Report Abuse

son is cacat?

Posted by FreeThink > 2014-01-22 16:01 | Report Abuse

wow..1.55 broken

Posted by Vin Cullen > 2014-01-22 16:06 | Report Abuse

I think wont close above 1.55....

Posted by sephiroth > 2014-01-22 16:07 | Report Abuse

total debt 2.5 billion, really tak boleh pakai

Posted by iafx > 2014-01-22 16:08 | Report Abuse

glc what, biasa lah tu :D

Posted by FreeThink > 2014-01-22 16:08 | Report Abuse

vin, it will...hehe

Posted by sephiroth > 2014-01-22 16:09 | Report Abuse

ya lo mas also like that, for testing and hantam boleh la

Posted by iafx > 2014-01-22 16:12 | Report Abuse

super high debt don't know where the $ goes, hell paying interest alone eat up big pie of earnings already

Posted by kimici > 2014-01-22 16:22 | Report Abuse

cacat son coming lo

Posted by FreeThink > 2014-01-22 16:35 | Report Abuse

worst than cacat...

Posted by Gabriel888 > 2014-01-22 16:42 | Report Abuse

mak +8sen and 3days! anak cacat? why ar?

Posted by kimici > 2014-01-22 16:42 | Report Abuse

might b syndrome down

Posted by kimici > 2014-01-22 16:43 | Report Abuse

better selloff.

Posted by FreeThink > 2014-01-22 17:06 | Report Abuse

good

Posted by The One > 2014-01-22 17:40 | Report Abuse

• be xtra careful on this stock.. costly loss experienced.. never touch again.. (heard from the insiders, some high rank managers made deals to benefit themselves e.g. husin.. using undeclared new wife as middle person to deal millions worth project.. not sure true or not)

Posted by jenabchen123 > 2014-01-22 18:36 | Report Abuse

good show again by MRCB today. block at 1.55 smashed today and the next block is 1.60. Another jolly good show tomorrow?? Something is brewing and brewing delicious smell.

Posted by carson > 2014-01-22 19:04 | Report Abuse

i think its given the RRIL IN SUBGAI BULOH for development, more upside coming

Posted by Tessa Joseph > 2014-01-22 20:28 | Report Abuse

FT, u r in MRCB? :)

Posted by invest2mil > 2014-01-22 20:57 | Report Abuse

Good news out :

http://www.theedgemalaysia.com/highlights/272225-stocks-to-watch-bumi-armada-affin-mphb-cap-zhulian-mrcb-pantech.html

Tomorrow MRCB will break RM1.600 and reached RM1.650 !!!

Posted by jenabchen123 > 2014-01-22 23:16 | Report Abuse

Affin stated the TP of MRCB is RM2.37 and believes the group is trading far below fair value. Affin said MRCB has approved the sale of its 30% stake in the Duta-Ulu Kelang Expressway (DUKE) to Ekovest for RM230mil cash.

“The report further added that the transaction is expected to be completed by the end of this month, with a few more “monetising” deals expected to take place in the next couple of weeks,” it said.

Interesting period for MRCB and cash coming into its kitty to fuel future big project???

Posted by sooncafe > 2014-01-22 23:18 | Report Abuse

walau good news come out + research bank TP = the momentum of stock price become 0 ( will drop within few days! ) sudah kena banyak kali lo

Posted by koyak71 > 2014-01-23 09:20 | Report Abuse

time for LTH to sell,

Posted by CH85 > 2014-01-23 10:19 | Report Abuse

from1.350 push till now.. good profit taking by LTH.. this counter can't break 1.600, already tested a few time but fail..

Posted by smallboy > 2014-01-23 10:25 | Report Abuse

Aiya whatevrr the good news come out, once investor chase the price will drop one... X faham lagi ka? Except u hold for long term

Posted by jenabchen123 > 2014-01-23 10:33 | Report Abuse

It broke the 1.60 block but now tracing down. Buying momentum keep coming in to push back the price. Tug of war game now. Brave contra player like this game.

Posted by crawler > 2014-01-23 10:34 | Report Abuse

another super undervalue gem

Posted by Madam YS > 2014-01-23 10:36 | Report Abuse

lembab la ini kaunter
hehehe

Posted by koyak71 > 2014-01-23 10:52 | Report Abuse

LTH will sell their position ma...2H 2014 should be ok..LTH got another 4 month to sell thier position

Posted by FreeThink > 2014-01-23 11:04 | Report Abuse

eat too much last few days, today lao sai...hehe

Posted by jenabchen123 > 2014-01-23 11:19 | Report Abuse

CNY sale started.

Posted by chasz > 2014-01-23 12:36 | Report Abuse

Lth not sell yet

Posted by Vin Cullen > 2014-01-23 12:40 | Report Abuse

This counter in uptrend...Hope can maintain,,to CNY.,..

Posted by mattewchew4984 > 2014-01-23 14:58 | Report Abuse

hopefully after CNY, will stand above RM1.70

Posted by crawler > 2014-01-23 16:06 | Report Abuse

nice dividend coming on the disposal