Posted by joetay > 2018-06-26 20:30 | Report Abuse

seems like i have a follower in jeotay and samuelluke.

so jeotay, r u flyingkite in disguise?????

so nice of u to be a fan of mine

lol.......

Posted by jeotay > Jun 25, 2018 10:38 AM | Report Abuse

MRCB should Outperform this year.

Forget about YTL.

Posted by SamuelLuke > Jun 25, 2018 10:49 AM | Report Abuse

Jeotay n joetay the same person?? Hahaha.....

Posted by Vict > 2018-06-27 15:40 | Report Abuse

All analysts valued it much higher... :)


Date Price Target Source
31/05/2018 1.01 UOBKayHian
31/05/2018 1.36 MIDF
31/05/2018 0.70 KENANGA
31/05/2018 0.68 HLG
31/05/2018 0.94 Affin Hwang Capital

Posted by Vict > 2018-06-27 15:51 | Report Abuse

Look excellent :)


Change in Boardroom

MALAYSIAN RESOURCES CORPORATION BERHAD

Date of change 02 Jul 2018
Name ENCIK MOHD IMRAN TAN SRI MOHAMAD SALIM
Age 36
Gender Male
Nationality Malaysia
Type of change Redesignation
Previous Position Executive Director
New Position Managing Director
Directorate Executive
Qualifications Degree in Electrical and Electronics from the University of Manchester Institute of Science and Technology, United Kingdom
Masters in Commerce from Deakin University, Australia
Member of the Institution of Engineers Malaysia
Member of the Institute of Electrical and Electronic Engineers, United Kingdom
Member of the Institute of Value Management of Malaysia
Working experience and occupation
Family relationship with any director and/or major shareholder of the listed issuer Imran Salim is the son of Tan Sri Mohamad Salim Fateh Din, who is an indirect substantial shareholder of MRCB via his substantial shareholding in Gapurna Sdn Bhd.
Any conflict of interests that he/she has with the listed issuer Nil
Details of any interest in the securities of the listed issuer or its subsidiaries Direct Interest in MRCB: 133,200 ordinary shares.



Remarks :
Imran Salim will be re-designated as the Group Managing Director from Executive Director with effect from 2 July 2018.

Announcement Info
Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB

Posted by Chanfang > 2018-06-27 16:01 | Report Abuse

Make me laugh die, those so called prophets, a bunch of useless analysts.

Posted by Vict > 2018-06-27 16:05 | Report Abuse

More +cash inflow and profit for mrcb this financial year :)

MRCB sells Kia Peng land to Socso for RM323m

MARCH 19, 2018 @ 9:39PM
BY NST BUSINESS


KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) is selling a piece of prime land along Jalan Kia Peng to the Social Security Organisation (Socso) for RM323 million.

The sale would see the company recording a profit of RM56 million.

The infrastructure-property company announced today that its unit Legasi Azam Sdn Bhd had inked a deal to sell the freehold land measuring 1.866 acres to Socso, also known as Pertubuhan Keselamatan Social (Perkeso).

MRCB said the net book value was RM269 million based on the audited accounts for the financial year ended December 31, 2016.

Its market value was RM323 million based on the valuation ascribed by IM Global Property Consultants on February 19, 2018. The original cost of investment was RM267 million, purchased on April 7, 2015.

“The proposed disposal is expected to realise an estimated after-tax gain of approximately RM30 million to the MRCB Group which is expected to improve MRCB Group’s consolidated earnings per share for the financial year ending December 31, 2018,” it said.

MRCB added the proceeds from the sale would be used for the group's working capital (including defraying expenses in connection with the proposed disposal) and property development activities within 12 months from receiving the purchase price.

Posted by Vict > 2018-06-27 16:11 | Report Abuse

I think mrcb is really undervalued... HSR has not even started. No financial impact yet on mrcb...


Now, HSR is just being delayed and not cancelled. It should return to around RM1 like before.

HSR postponed, not scrapped’ comes as a relief to construction companies
Affin Hwang Capital

The Edge Financial Daily

June 18, 2018 11:03 am +08

This article first appeared in The Edge Financial Daily, on June 18, 2018

Construction sector
Maintain neutral: The ongoing reviews of public-sector infrastructure projects have raised uncertainties over the status of ongoing and planned infrastructure projects. This has led to volatility in the share prices of construction stocks. Prime Minister Tun Dr Mahathir Mohamad said the Kuala Lumpur-Singapore high-speed rail (HSR) project has been postponed, and not scrapped as stated previously, leading to a relief rally for impacted firms.



These developments indicate that the infrastructure spending cuts may not be as severe as initially portrayed in statements made by the new government previously. We believe part of the reason is due to costly cancellation clauses in government-to-government contracts signed for the East Coast Rail Link (ECRL) and the HSR. If the HSR is revived, companies involved such as Gamuda Bhd, Malaysian Resources Corp Bhd, YTL Corp Bhd and HSS Engineers Bhd are potential beneficiaries.

If construction of the ECRL project continues, Malaysian contractors pursuing subcontracts such as IJM Corp Bhd, WCT Holdings Bhd and Advancecon Holdings Bhd are potential beneficiaries. The cancellation risk for HSS’ ECRL contracts, worth about RM130 million (19% of its order book of RM673 million), is also reduced.

There was good investor interest in our recent macroeconomics/construction-sector outlook analyst meetings. We met up with 23 foreign institutional investor firms in Singapore and Hong Kong. Most investors were concerned about the short-term impact from the transition to a new government but acknowledged the good long-term prospects of a more transparent and efficient government.

We reiterate our “neutral” call on the construction sector due to potential delays in implementation of infrastructure projects and a reduction in government infrastructure spending. This will reduce the order book replenishment prospects of contractors. Our top buys are IJM (large-cap), Sunway Construction Group Bhd (mid-cap) and HSS (small-cap). — Affin Hwang Capital, June 14

Posted by Vict > 2018-06-27 16:19 | Report Abuse

Mrcb seems very steady.

Malaysian Resources Corporation (MRC MK) - 1Q18: Benefits From Deleveraging; Upgrade To BUY.
Author: UOBKayHian | Publish date: Thu, 31 May 2018, 05:56 PM

1Q18 results are considered in line to meet full-year expectations as we expect substantially stronger quarters ahead. The huge sell-off (-43% since GE14, -51% ytd) reflects over-bearish sentiment on the impact of the new government’s belt tightening on mega projects, and ignores the deep value from the company’s strengthened balance sheet and ability to substantially enhance value in its partnership with substantial shareholder EPF. Upgrade to BUY but with a lower target price of RM1.01.

RESULTS
Within expectations. While Malaysian Resources Corporation’s (MRCB) core net profit of RM22m (-48% qoq, +150% yoy) represents only 14.6% of our full-year forecast, we expect stronger earnings in the quarters ahead. The significant yoy profit improvement reflects lower finance costs (after rights issue) and the absence of EDL highway’s losses following the government direct non-tolling of EDL highway.
Property development: Earnings within expectations. In 1Q18, the segment recorded revenue of RM220m (+11% qoq, -7% yoy) and EBIT of RM24m (-62% qoq, -50% yoy). Key earnings contributors to the segment were its Australian project and its ongoing highrise developments - 9 Seputeh and Sentral Residences.
Construction: Margins to stabilise. The segment recorded revenue of RM191m (+5% qoq, -18% yoy) and EBIT of RM16m (-65% qoq, +>100% yoy). We expect EBIT margins to stabilise at the current 8.4% level.
STOCK IMPACT
Ability to complete disposal of EDL swiftly a key catalyst... Having followed the previous government’s instructions to stop tolling since the 2018 Budget was announced (in Oct 17), EDL’s balance sheet has further shrunk to have only sufficient cash to make one more interest payment of about RM40m to bondholders due in June. Hence, it is hoped that the new government would expedite the acquisition of EDL before the next biyearly interest payment.
…even if government compensation implies modest ROE. Our SOTP valuation incorporates only an effective RM300m equity value for EDL, which is about the equity portion of the project’s start-up capital (the equity portion was funded mostly via shareholders’ advances). This valuation methodology is considered highly conservative as it assumes zero equity return, which is even more conservative than in a government expropriation scenario which entails compensating: a) bondholders the full principal plus coupon payments, and b) equity owners’ equity clawback plus returns.
Modest-to-moderate reliance on mega projects. Despite investors’ misgivings, MRCB’s valuation is not overly dependent on federal government projects, and in fact, the federal government accounts for 11% of the group’s construction orderbook post completion (expected mid-18) of the Bukit Jalil property development sale to EPF. Moreover, the company does not expect any changes to federal government projects that have already commenced, including the LRT3 extension (currently 10% completed) which the MRCB-George Kent consortium is the appointed project manager (PDP).
Construction orderbook to swell from RM6b as of 1Q18, or 3.4x 2017 construction revenue. To-date, the group has RM6.2m worth of gross orderbook on hand, which will swell to RM17.2b after it completes the sale of the Bukit Jalil property development project to EPF. Long-dated projects like Kwasa Land and Bukit Jalil (20 years) ensure continuity of healthy contract flows even after the federal government turns off the tap on new mega projects.
Strengthening balance sheet. MRCB’s gearing is expected to drop significantly from the current 58% to as low as 10% should its asset monetisation programme be fully carried out (see RHS table).
EARNINGS REVISION/RISK
None.
Key risks include: a) the derailment of the planned sale of EDL to the federal government, and b) changes to its PDP role for LRT3.
VALUATION/RECOMMENDATION
Upgrade to BUY with a lower target price of RM1.01 (from RM1.10) after we cut our SOTP valuation to RM5.5b as our previous assumption of its EDL highway had been overly bullish. Our target price is based on a 20% discount to our SOTP valuation of RM1.26/share, implying 24.3x 2019F PE.

SHARE PRICE CATALYST
a) Sale of EDL, b) sale completion of Bukit Jalil Project, and c) various asset monetization programmes.

Source: UOB Kay Hian Research - 31 May 2018

Posted by Vict > 2018-06-27 16:25 | Report Abuse

:)

MRCB: Only 23% of Construction Orderbook Is From the Government
Author: kltrader | Publish date: Tue, 22 May 2018, 10:03 AM



Malaysian Resources Corp Bhd (MRCB) sees its business operations as sustainable going forward, despite the potential impact of Pakatan Harapan’s pledges to review certain mega infrastructure projects. Executive director Mohd Imran Mohd Salim said that MRCB has no exposure to the East Coast Rail Link (ECRL) and that there is no financial impact from the Kuala Lumpur-Singapore high-speed rail (HSR) project as the project has not started.

Ongoing Projects
In an article on The Star (22 May), further according to Imran at the company’s Annual General Meeting and Extraordinary General Meeting yesterday, MRCB has been implementing “prudent and sustainable approaches” over the years and has a number of ongoing projects that will bolster the company’s earnings. He said that Pakatan Harapan’s victory would not have an impact on MRCB’s ongoing projects as the nature of MRCB’s developments is that they are transit-orientated developments (TODs). Imran added that the company is not just looking into housing developments, and that they are looking into integrated developments.

Imran said that MRCB was excluded from most of Malaysia’s mega-infrastructure projects (which have since been under question following the win of the Pakatan Harapan coalition), and emphasized that MRCB has no exposure to the ECRL and never participated in the mass rapid transit line 3 project. The only project that MRCB is a part of is the HSR, but the review of this project will have no financial impact to MRCB as the project has not started.

MRCB’s chief corporate officer Amarjit Chhina added that only 23% of their construction orderbook is from the government.

Working Toward Sustainability
Amarjit said that MRCB has gone beyond being a “single-project” company. Where previously there was a question of sustainability, MRCB has been working on reducing concentration risk; it currently has projects with a gross development value of RM57 bil; on the property side, 80% comprise TODs; its construction business has also been registering good growth over the years.

The company said that the proposed disposal of the Eastern Dispersal Link (EDL), which they hope to conclude by year-end, would help reduce the company’s gearing further. MRCB posted a net profit of RM167.6 mil for the financial year 2017, as revenue climbed to RM2.82 bil. Amarjit said that the company’s financials are “in great shape”.

Source: Macquarie Research - 22 May 2018

Posted by sarahdeaton > 2018-06-27 16:28 | Report Abuse

Its over. We lost the crusade. Run!!!! Retreat!!!

Posted by ivan9511 > 2018-06-27 16:29 | Report Abuse

this is not solid coounter :

I alreday said run when 1 ringgit from now I said buy supermax and golove better

I said supermax is the most undervalued gloves counterrs I said comfirm can back to 3 ringgit

so now all earn easy money
yes
but I need to cover my stupid mrcb loss

\lucky bot supermax while bot Mrcb

Mrcb got so many ib famous people keep said good tp 1,50
however supermax is the best


yes supermax easy money
27/06/2018 16:28

Posted by sarahdeaton > 2018-06-27 17:53 | Report Abuse

Okok. I buy supermax now.

Posted by wantousek > 2018-06-27 19:39 | Report Abuse

holland king calvin disappeard from this comments section already hehe guess he edy pocketed his bonus from all the losers who follow his advise

Posted by calvintaneng > 2018-06-27 19:42 | Report Abuse

Don't be stupid

MRCB Already secured over Rm7 Billions Job in progress

VALUE OF MRCB IS OVER RM1.00

Now at 60 sen is selling at deep discount

Just buy quietly like Calvin bought Opcom 40 sen & below

Posted by signalmw > 2018-06-27 19:46 | Report Abuse

根据安永会计与稽查公司（Ernst

Posted by sitia > 2018-06-28 07:07 | Report Abuse

Just because MRCB dropped due to selling does not mean this is a bad fundamental.

Posted by Victor Yong > 2018-06-28 09:10 | Report Abuse

A Promising glc

“We have no exposure to the East Coast Rail Link and we never participated in the mass rapid transit line 3 project. The only project we are a part of is the Kuala Lumpur-Singapore high-speed rail. However, there is no impact financially because the project has not started.” 

Read more at https://www.thestar.com.my/business/business-news/2018/05/22/mrcb-is-no-more-a-singleproject-company/#OQIYGbDE4IGP8VmF.99

Posted by kakijudi > 2018-06-28 11:25 | Report Abuse

Mrcb going to come soon. 70c short term

Posted by Vict > 2018-06-28 15:40 | Report Abuse

Many +factors, govt buyback toll concessionaire, building sold to EPF, Bukit jalil contract, HSR only delayed and many more :)

Posted by Yong Chun Wah > 2018-06-28 16:09 | Report Abuse

Div is coming soon.

First and Final Dividend
MALAYSIAN RESOURCES CORPORATION BERHAD

EX-date 18 Jul 2018
Entitlement date 20 Jul 2018
Entitlement time 04:00 PM
Entitlement subject First and Final Dividend
Entitlement description First and Final Single Tier Dividend of 1.75 Sen Per Ordinary Share for the Financial Year Ended 31 December 2017
Period of interest payment to
Financial Year End 31 Dec 2017
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no SYMPHONY SHARE REGISTRARS SDN BHD
Level 6, Symphony House
Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301Petaling Jaya
Tel:0378490777
Fax:0378418151
Payment date 17 Aug 2018
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 20 Jul 2018
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 18 Jul 2018
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator Currency
Currency Malaysian Ringgit (MYR)
Entitlement in Currency 0.0175
Par Value (if applicable)

Posted by kasrim > 2018-06-28 17:18 | Report Abuse

wow..div is coming...menarik!

Posted by kakijudi > 2018-06-28 21:58 | Report Abuse

Tomorrow 445pm. Will be 66c and above

Posted by sarahdeaton > 2018-06-29 10:05 | Report Abuse

Div coming on 28 july. I am coming now. Hehehe.

Posted by Vict > 2018-06-29 12:09 | Report Abuse

Dividend 1.75sen next month, current price 62sen, after div, net price per share 60.25sen only :)

Posted by Vict > 2018-06-29 12:16 | Report Abuse

NTA~rm1.1+, before revaluation :)

Posted by Vict > 2018-06-29 12:18 | Report Abuse

Daily traded volume was below 100k lots since June 13, expecting to rebound soon :)

Posted by peterchu > 2018-06-29 16:11 | Report Abuse

long term downtrend

Posted by Victor Yong > 2018-06-29 16:28 | Report Abuse

The company and major shareholders should carry out share buyback like ytl :)

Posted by vivabursa > 2018-06-29 17:25 | Report Abuse

If EPF increases stake for another 1% at current low price, the price sure shoot up

Posted by ivan9511 > 2018-06-29 17:32 | Report Abuse

No eye see nightmare .
If you see you cannot sleep

Posted by joetay2 > 2018-06-29 21:17 |

Post removed.Why?

Posted by calvintaneng > 2018-06-29 21:18 | Report Abuse

Stock: [PRTASCO]: PROTASCO BHD

Jun 28, 2018 01:05 PM | Report Abuse

How come got tunnel vision?
You only see Mp Corp?
Got see

Jaks at 40 sen?
Prestar at 46 sen?
Padini at Rm1.60?
Supermax at Rm1.60?
Gsb at 9 sen?
Opcom at 35 sen?
Tmakmur at Rm1.38?
TheStore at Rn2 50?
Wangzng at 75 sen?
Super Enterprize at rm1.25?
Kulim at Rm2.50?
Waseong at 72 sen?
Pm Corp at 7 sen(ex cash 8 sen)
Pohuat at 35 sen (after bonus)?

You can see like a mole or you can see like an eagle

Which one?

Posted by joetay2 > 2018-06-29 21:21 |

Post removed.Why?

Posted by signalmw > 2018-06-29 21:52 | Report Abuse

吉隆坡29日讯）投资专家普遍看跌下半年的股市走向，主要因为海外市场充斥太多不稳定因素，再加上国内政策尚未完全明朗化，若爆发贸易战，富时隆综指下半年有可能跌破1600点。

回顾上半年表现，Inter Pacific研究主管冯廷秀接受《南洋商报》电访时表示，马股表现不尽如意，特别是小型股。

“成本高涨、令吉贬值，导致企业赚幅被侵蚀，而依赖消费者开销的领域也同样受冲击。”

他补充，即便录得较好的净利表现，有些公司也面临合约暂停、项目取消等窘境。

Posted by Risk Trader > 2018-06-29 22:23 | Report Abuse

Super low already but still bearish trend

Posted by joetay2 > 2018-06-30 17:19 |

Post removed.Why?

Posted by joetay2 > 2018-06-30 17:20 |

Post removed.Why?

Posted by mala173318 > 2018-07-01 19:12 | Report Abuse

strong buy call is because is going to go down very soon to 0.50

Posted by joetay2 > 2018-07-01 20:46 |

Post removed.Why?

Posted by sarahdeaton > 2018-07-02 08:49 | Report Abuse

Yawn...... whos calling?

Posted by wantousek > 2018-07-02 09:10 | Report Abuse

byebye mrcb

Posted by rex1234 > 2018-07-02 10:45 | Report Abuse

??

Posted by rex1234 > 2018-07-02 10:45 | Report Abuse

@wantousek juz curious what is it motif

Posted by rex1234 > 2018-07-02 10:46 | Report Abuse

*ur

Posted by Victor Yong > 2018-07-02 11:34 | Report Abuse

Ex dividend on July 18, div 1.75sen. :)

Posted by Shines > 2018-07-02 11:38 | Report Abuse

After announcement down, why?

Posted by sarahdeaton > 2018-07-02 11:42 | Report Abuse

My niece just gave birth!!! Huat ah!!! Baby girl!! Kekeke.

Posted by geraldt9 > 2018-07-02 18:48 | Report Abuse

looks like ...dead wood.

Posted by joetay6 > 2018-07-02 20:56 |

Post removed.Why?

Posted by Oliveoil > 2018-07-02 22:22 | Report Abuse

Expecting any good news for MRCB ?

Posted by sarahdeaton > 2018-07-03 12:46 | Report Abuse

Sale coming? Where? Klcc ? Hermes? Rolex? Omg!!!