I m not simply pointing out without valid reason. It is a fact of my observation at Holland king master Calvintan, as joetay saying 95% sure Holland if the stock has been touting by Holland king.
KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) group managing director Tan Sri Mohamad Salim Fateh Din is expected to retire by the end of June while his son Mohamad Imran is set to take over.
UOB Kay Hian Malaysia Research said it awaits more details on the development and has a Buy call on the construction-property company with a target price of RM1.01.
Salim is the second largest single shareholder of MRCB with 16.6% after the Employees Provident Fund (EPF) that owns 34.87%.
Salim ended with the block after the injection of his Garpuna Group into MRCB, a deal which was completed in 2013.
Imran is currently an executive director of MRCB. Prior to that, he was the group chief operating officer of MRCB from March 2013 to February 2015.
The research house said while it await more details, its positive view of MRCB remains unchanged.
“MRCB remains a deep value stock with high asset monetisation potential, riding on controlling shareholder, the Employees Provident Fund (EPF) board,” it said.
KUALA LUMPUR (June 20): Malaysian Resources Corp Bhd (MRCB) has appointed Mohd Imran Mohamad Salim as its new group managing director, effective July 2.
With the appointment, MRCB said Mohd Imran will be re-designated from his previous position as executive director.
Mohd Imran will succeed his father, Tan Sri Mohamad Salim Fateh Din, who will retire in early July after helming MRCB for nearly five years since Sept 2, 2013.
Both Mohd Imran and Mohamad Salim are indirect shareholders in MRCB.
Meanwhile, MRCB also announced the re-designation of Tan Sri Azlan Zainol as its independent chairman.
"MRCB wishes to comply with Practice 4.1 of the Malaysian Code on Corporate Governance (MCCG)," it said in a filing with Bursa Malaysia today.
According to the MCCG, MRCB said at least half of the board of directors of a listed company should comprise independent directors.
"Presently, five out of the company's eight directors are non-independent directors, and only three are independent directors," it added.
Following Mohd Imran's re-designation and Mohamad Salim's retirement, MRCB said its board of directors will now comprise four independent directors and three non-independent directors.
At noon break today, MRCB shares gained 0.5 sen or 0.78% to pause at 65 sen, giving it a market capitalisation of RM2.85 billion.
Trade wars worry only beginning stage, 10 year Bear market almost going to appear , 1997 ,2008 , all crash happen second half year on month AUGUST ,SEPTEMBER , i still remember 3 month ago , attend seminar ,almost all i attend seminar admit there is a crash ,but they all pingpoint ,will happen shallow crash , if shallow crash , take KLCI 1796 -31/12/17 close point , shallow crash 20 percent to 30 percent ,take average 25 percent correction ,1796 of 25 percent correction = 449 point correction , KLCI may drop to 1347 point , if worst 50 percent drop = 898 point drop , 1796-898 = KLCI will become 898 point
KEPT MORE CASH now ,awaiting shallow crash to = KLCI -1347 point
let see what happen month AUGUST ,SEPTEMBER on KLCI , everywhere will have OFFER ,OFFER , CHEAP SALE that moment
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....
sarahdeaton
1,609 posts
Posted by sarahdeaton > 2018-06-14 16:04 | Report Abuse
I never throw money. I keep in bank.