REALITY CHECK : THE HARD FACTS :- Toll Will Not Be Abolished Until Malaysia’s Financial Situation Improves MMO) – Pakatan Harapan’s (PH) promise to abolish road tolls will only be looked at once Malaysia’s financial situation improves, said Finance Minister Lim Guan Eng.
Hence EDL’s RM1.2B Sukuk loan will likely have to remain with MRCB. Means its borrowings/ Gearing have to remain high at >RM4B. Also in line with DAP’s policy which criticized it to be a bailout if the Govt also absorbs the Sukuk loan. (however it will receive fair compensation to cover its lost toll revenue + Sukuk interest cost)
We can kicked Kenanga and HLG banks giving TP for MRCB. Nobody will know what is the TP of stocks until the market which consist of investors and speculators like us speak for it.
If big funds are buying over MRCB funds, this is clearly to indicate there are potentials in the company. It is supported by the earning of the company,the integrity and commitment given by the company, the ability to deliver the projects to clients and the credibility the company earned throughout years of their businesses.
Question is, why the funds didn't STOPPED buying after the cancellation of HSR? The best answer should be there forsee the greater values of MRCB. Both earnings and long term contribution from this company is vehemently POSITIVE.Their remarkable earnings and intensive acquisition of projects will not disappoint the audience.
Scraping the HSR at this time when we just can't afford it :
1) HIGH SPEED RAIL need to have 200,000 passengers per day; We don't even have 20% of it. Wait till we have enough tickets sale volume to build; meaning Malaysia need a population of perhaps 50 million people or close to that of Japan; and 2) IN Sydney said even Sydney-Melbourne HSR was scrapped bcos there is just not enough tickets volume to justify the project as Australia too does not have the population to support this.
i m pleasantly surprised as well since local market is alrdy pricing in a big win for bn while i was expecting most likely a small win just by looking at fgv.
thats why i figure that the expected post-election bull run not to be strong, so just sell off my political connected stocks and hold on to quality banking stocks plus property stocks.
it didn't caught me by surprise,i see this is happening so I am cautious for the last few months.bro joe now can slow slow nibbling,only beware of pro bn stocks.
I won't pick on which sector,i will only go for undervalued stocks.but for now I will avoid pro bn stocks and construction stocks.PH too stingy so won't spend much
"the market had told us......" is actually an effect created by harapan's campaigning. There's no way market could have known BN would lose. Even BN they themselves were shocked. It took them down one shot without the ability to retaliate bcoz they didnt expected it. The only one which made the right predicition was INVOKE but everyone thought it was a propaganda machine so didn't think much about it. Even merdeka centre prediction was wrong
blatant pro bn stocks like george kent and mrcb will most likely in for some adjustment.
there with no exposure to iskandar or heavily involved with hsr will be the ones to look at and shine after being dropping out of the spotlight for so long. thats why i moving into them now.
maybe myeg and gkent is for trading only but don't keep for long term.only can hit and run,lose also must cut.i learn from this experience from pencorp and scomi
also I forgot about BATISTA of brazil.when a person in power their stocks shine,but when they lose power,their stocks goes downhill until can end up close shop
For how many time I have been repeating myself. NTA .54... ya better it drop below .5 so I can accumulate more..MRCB has recently completed Right issue and has raised enough fund for its future projects...please read and study more of its business. So guys think about it, it was short from Rm 1 till now .61 guys ... buy or sell la???
Undervalue? Talk about mrcb is truly undervalue! Pro ban company? Mrcb is not a pro Bn company it is EPF and Tabung haji’s baby!!! Bare in mind it belongs to the rakyat... so buy or sell?? High risk? Hahaha I now see high return only!!! Hahahahaha
No one stopping u for selling down mrcb if u think it is not a good company u can simply lose book. I am sharing the right info for y’all to see. Unlike y’all, have no ground at all tell everyone it will go down to .5... hahaha and I sometime hope u would be right... MRCB lastest TP .9 now .61, business still going well, the recent cancellation of kl SG hsr doesn’t have any financial impact to the company project not even started.... so I have my ground, what about u?
Mahatir related stock will be in play on whole month of JUN :- OPCOM , EDEN ,THRIVEN , MMC , recent corection already finish ,
OPCOM -1.17 -(high) uptrend Eden -0.47(high ) uptrend Thriven-0.65 (high ) uptrend MMC -1.77 (n high )uptrend
will it test above high and break out above high ,let market decide
MRCB-downtrend , target price= 50 sen , soon market will tell u all 50 sen reach or not !! MRCB coming JUNE :- possible 1) awaiting to tumble like hell once toll issus announed by goverment(pending further notice ) possible 2:- ) go sleeping mode , up can;t up ,down can;t down
IB downgrade MRCB to 68 sen ( kenanga) and 70 sen ( HLG ) ,12 month target price .
100 percent gurantee MRCB will tumble to 50 sen , not believe , wait n see
MRCB will tumble to 50 sen , then go long long sleeping ,may take 3 to 6 month time consolidate between 50 sen to 60 sen ( big fund already sell finish ,ikan bilis play , price can;t move up and down )
toll abolish pending further notice , if not , gurantee MRCB will tumble like hell to 40 sen , once any news regarding toll issuse by goverment , IB will downgrade MRCB T.P = 58 sen to 60 sen for 12 month target pirce
joetay...u think i do not know? it should not be a bad call even though construction sector will not be as potential as it used to be but mrcb current share price is far too low....besides, i have won a lot from this counter, it is hard to see and let it fall like this... this is a good company. I have taken a lot from this counter and thus i will keep watching it, and hope that it would turnaround in future.
U guys can always make fun of me and i wont mind. A businessman invest in value not through technical chart, according to its technical chart it is going downhill no doubt!!
can see that samuel never learns from his mistakes.
at first, my evaluation of mrcb is that it is worth a put below 1 but lucky i stayed away as i feel that a construction stock only having 1 major project is quite risky. on hindsight, i been proven rite to be cautious.
if we talk abt fundamentals, what other major projects, both local and overseas, that mrcb has in its orderbook compared to ytl/gamuda/ijm????
the only spin story that mrcb has its hsr links, nothing else.
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....
janetchiam8
125 posts
Posted by janetchiam8 > 2018-06-03 10:57 | Report Abuse
REALITY CHECK : THE HARD FACTS :-
Toll Will Not Be Abolished Until Malaysia’s Financial Situation Improves
MMO) – Pakatan Harapan’s (PH) promise to abolish road tolls will only be looked at once Malaysia’s financial situation improves, said Finance Minister Lim Guan Eng.
Hence EDL’s RM1.2B Sukuk loan will likely have to remain with MRCB. Means its borrowings/
Gearing have to remain high at >RM4B. Also in line with DAP’s policy which criticized it to be a bailout if the Govt also absorbs the Sukuk loan. (however it will receive fair compensation to cover its lost toll revenue + Sukuk interest cost)