Posted by Singapore88 > 2018-05-30 16:55 | Report Abuse

Don play play mantis makan tellurium rebus

Posted by money_lai > 2018-05-30 17:04 | Report Abuse

holland call

Posted by alexsee > 2018-05-30 17:08 | Report Abuse

increased 38% !! tomorrow back to 0.65 ??

Posted by pujut > 2018-05-30 17:11 | Report Abuse

Tq market nasib baik sempat beli@0.575...hrp2 ada lagi gud news utk kasi down mcm ari ni..

Posted by martinbartesque > 2018-05-30 17:14 | Report Abuse

Q1 earning is out. Rm25mil net profit. So so only

Posted by globaljoys > 2018-05-30 17:15 | Report Abuse

average down, last time buy at 1.++ now like half price discount, cant be wrong..

Posted by mala173318 > 2018-05-30 17:18 | Report Abuse

will go below 0.50 very soon

Posted by Singapore88 > 2018-05-30 17:18 | Report Abuse

Toll hilang,,,dapat 50sen,,,mrcb runtuh

Posted by Patron > 2018-05-30 17:20 | Report Abuse

brace yourself for more Tan End's posts about how good MRCB fundamentals are

Posted by Singapore88 > 2018-05-30 17:26 | Report Abuse

Zeti will announce tolls this weeks,,Friday should dday

Posted by ilovehits > 2018-05-30 17:29 | Report Abuse

Toll hilang, duit raya pun hilang.

Posted by sarahdeaton > 2018-05-30 17:41 | Report Abuse

Beep beep!! Mayday!! Mayday!!! 3 engines down!! We have to land on to the hudson river !!!! Tower 1 do u read!!?? My co-pilot is dead!!! This is a priority one distress signal!!! Do u copy tower 1??!! Kersshh.. kerssh....

Posted by Larrytrader > 2018-05-30 17:41 | Report Abuse

Good result

Posted by ken law > 2018-05-30 17:43 | Report Abuse

result better q to q

Posted by martinbartesque > 2018-05-30 17:43 | Report Abuse

Don't be so positive on tomorrow. Try to study what are happening in US on trade war & Italy. Studies on why most of the countries' index is dropping like hell on today.

Posted by ken law > 2018-05-30 17:44 | Report Abuse

profit up 149%

Posted by Enemiemannan > 2018-05-30 17:46 | Report Abuse

will the government re nego the contract sign? if to be revised, will this counter be affected? government now is finding every possible way to cut down the cost

Posted by Enemiemannan > 2018-05-30 17:46 | Report Abuse

mrcb got alot of government projeck

Posted by Enemiemannan > 2018-05-30 17:47 | Report Abuse

fundamental is not working at the moment..gonna be a roller coaster ride.

Posted by Enemiemannan > 2018-05-30 17:49 | Report Abuse

stay away from construction stock..focus on consumer stock.. no gst no sst... sales gonna be a boom

Posted by stockintalk > 2018-05-30 17:57 | Report Abuse

接下来的盈利=死路一条。

Posted by JimYeoh > 2018-05-30 17:59 | Report Abuse

Collected 0.560 today.. Waiting for vbroom

Posted by Daily8 > 2018-05-30 18:05 | Report Abuse

Wednesday, 30 May 2018

5:07PM
MRCB Change in Nomination Committee

5:05PM
MRCB 1Q net profit 25.626 million (increased 38.06%)

12:36PM
MRCB EMPLOYEES PROVIDENT FUND BOARD (2,000,000 units Acquired)

Posted by Singapore88 > 2018-05-30 18:11 | Report Abuse

Roti Baker sampling hangus

Posted by ken law > 2018-05-30 18:21 | Report Abuse

mrcb only 20% gov projects.

Posted by Singapore88 > 2018-05-30 18:33 | Report Abuse

All in billion billion

Posted by charles pang kah keet > 2018-05-30 18:36 | Report Abuse

LIMIT DOWN TORROW, FALSE SELL AGAIN, PRICE UNTIL 0:40SEN ONLY.

Posted by JimYeoh > 2018-05-30 18:40 | Report Abuse

Good for medium term

Posted by ilovehits > 2018-05-30 18:42 | Report Abuse

Latest EPS half cent only...
http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=1651

Posted by ken law > 2018-05-30 19:02 | Report Abuse

Malaysian Resources Corp - Cancellation of KL-SG High Speed Rail
Author: kiasutrader | Publish date: Wed, 30 May 2018, 10:24 AM

It was reported that Malaysia is looking to drop the KL-SG HSR project. It is a negative surprise for MRCB and its consortium partner GAMUDA, as they will no longer have the PDP role for the project. No changes to FY18-19E earnings. Maintain OUTPERFORM with a lower SoP-driven Target Price of RM0.900 (previously, RM1.15).

News. It was reported by various media that the Prime Minister of the newly formed government of Malaysia, Tun Dr Mahathir Mohamad, indicated that Malaysia is dropping the plan for a high-speed rail link between Kuala Lumpur and Singapore.

Negative surprise to MRCB and GAMUDA, as this decision will cause them to lose their PDP role. To recap, the PDP role was awarded to GAMUDA and MRCB back in 5th April 2018, which we anticipate c.RM26.0b worth of works for their portion in the Northern region. However, we believe that the government’s swift decision may be a blessing in disguise for GAMUDA and MRCB as minimal work/cost been incurred for the project as it is still at preliminary stage.

Outlook. In the mid-to-near term, MRCB’s remaining external construction order-book stands at c.RM5.2b, and coupled with c.RM1.7b unbilled property sales, these numbers will provide the group at least four years of earnings visibility. Going forward, management is looking for more land banking opportunities and sales target of RM1.0b for FY18 backed by its previous launches, i.e. Sentral Residences and 9 Seputeh. Construction and property division aside, management remains hopeful to dispose its EDL highway in FY18.

Estimates unchanged. Despite the news of cancellation of HSR, we make no changes to our FY18-19E earnings, as we have yet factored it into our FY18-19E earnings given that we had been expecting the construction works to only kick off in 2020.

OUTPERFORM maintained. Reiterate OUTPERFORM on the stock with a lower Target Price of RM0.900 (from RM1.15) after removing HSR PDP from our valuation and widen our property RNAV discount to 68% inline with sector average (previously, 50%), which we had previously assumed 5% PDP fees on the back of project value of RM26.0b. Nonetheless, we remain positive with MRCB’s prospect of the potential sale of EDL highway, which would be a catalyst for the stock. Our TP implies FY18E PBV of 0.9x which is right above its through level of 0.7x since 2009, and we believe that it is justified given its improving earnings and the potential disposal of EDL highway.

Downside risks to our call include: (i) weaker-than-expected property sales, (ii) higher-than-expected administrative cost, (iii) negative real estate policies, and (iv) tighter lending environment.

Source: Kenanga Research - 30 May 2018

Posted by sitia > 2018-05-30 19:17 | Report Abuse

Thanks Ken Law for this explanation. Truth enough, what taken place today at MRCB , is purely, a sell down case by speculators. T3&T4 could have hold longer, but unfortunately, that is not the case.

A company with lesser revenues are able to generate a good profit, is admirable.

Tomorrow, will be another spectacle day for MRCB. Should sell down persist, can consider to long it.

Good luck.

Posted by LoseKing > 2018-05-30 19:21 | Report Abuse

Tdy drop like hell as expected ...continue drop trend

Posted by Singapore88 > 2018-05-30 19:24 | Report Abuse

Buy 68c sell 58c. Liked that hilang ten k...really fffffff

Posted by oranje > 2018-05-30 19:28 | Report Abuse

wah limit dow ah huat loh short selling

am we in paradise now so beuatiful......

Posted by LoseKing > 2018-05-30 19:29 | Report Abuse

The TP forecast by those so called expert /professional analysis has dropped from 1.3, 1.1, to 0.9 , when they knew sth not good in the market and to the company, tis is why later on the TP will become 0.8, 0.7 when the actual price drop till 0.4 line ...

Posted by oranje > 2018-05-30 19:31 | Report Abuse

regarding qr dont worry each quarter gyrate wildly

previous 2 years down to $25 ml and another quater $ 130 ml earnings

Posted by LoseKing > 2018-05-30 19:36 | Report Abuse

Important point is sale of EDL highway , old gov to compensate is not the story anymore, rmb what had debated in Parliament, PH mentioned it doesn’t make sense to compensate 70m annually when they found out the profit gained is only 59m for 2016...do u think the compensation still become potential earning for the years ahead when gov to SAVE cost save cost and save cost

Posted by KLCI King > 2018-05-30 19:37 | Report Abuse

Calvin Tan, apa macam sekarang?

You said MRCB will not be affected by the change in government

Posted by Yong Chun Wah > 2018-05-30 19:43 | Report Abuse

It will recover a bit with the Q1 results announced. :)


(MRCB) expects its unbilled construction and property development to keep the group busy this year, even as investors continue to fret over “opportunity loss” for the company following the Government’s decision to scrap several large rail infrastructure projects.

Shares in MRCB tumbled 11.5 sen, or 16.8% today to 57 sen - its lowest level since March 2009.

The company, in a filing with Bursa Malaysia after the market closed today, said net profit in first quarter ended March 31 jumped to RM21.5mil compared with RM8.6mil made a year ago.

“The better profit performance was driven by continued growth in our engineering, construction & environment division, which should be a significant contributor to group profits this year,” group managing director Tan Sri Mohamad Salim Fateh Din said in a press statement today.



image: https://content.aimatch.com/default.gif

He said the company’s strategy of targeting fee-based construction projects “is now bearing fruit.”

The group’s construction division is currently participating in open tenders valued at RM2.9bil, with emphasis it said on infrastructure and long-term fee-based management projects.

Its current unbilled order book stood at RM4.9bil.

Meanwhile, the group’s unbilled property sales at the end of the first quarter totaled RM1.6bil.

Read more at https://www.thestar.com.my/business/business-news/2018/05/30/mrcb-posts-steady-earnings-in-q1/#lBgoC0aHlsfurrIB.99

Posted by martinbartesque > 2018-05-30 19:49 | Report Abuse

Q1 18 result is worst than Q2, Q3 n Q4 17. Nothing to shout. Q1 18 result is just better than Q1 17 only.

Posted by ilovehits > 2018-05-30 20:02 | Report Abuse

I repeat, EPS half cent only...

Posted by JimYeoh > 2018-05-30 20:12 | Report Abuse

sell more pls..waiting to buy more

Posted by oranje > 2018-05-30 20:19 | Report Abuse

short sellers will lose their pats soon cumming soon you are gonna get it

hyuk hyuk hyuk

Posted by oranje > 2018-05-30 20:19 | Report Abuse

pants

Posted by oranje > 2018-05-30 20:24 | Report Abuse

Announcement - Bollywood gonna make a movie on Mamak Mahathir
Savior of Malaysia

What do you Construction counter Investors think ?
Life full of ironies
30/05/2018 20:23

Posted by ilovehits > 2018-05-30 20:24 | Report Abuse

KENANGA's TP as high as RM0.90, buy call. Huh huh...

Posted by emil > 2018-05-30 20:30 | Report Abuse

Kenanga itself is bleeding deep losses......they ask u to buy for them to unload......they see no future for mrcb.

Posted by EvoDeer > 2018-05-30 20:31 | Report Abuse

057,,kenanga eat all u can mum mum

Posted by ilovehits > 2018-05-30 20:33 | Report Abuse

Huh huh...

Posted by ikah > 2018-05-30 20:37 | Report Abuse

haha... how low is this stock can be....