Posted by SamuelLuke > 2018-07-09 09:24 | Report Abuse

So what is the real trade war fear now???

Posted by sarahdeaton > 2018-07-09 09:36 | Report Abuse

Sell all!!!! Now!!!

Posted by sarahdeaton > 2018-07-09 11:27 | Report Abuse

Selling the demonic satan shares. Buying all saint archangel holy shares.

Posted by wantousek > 2018-07-09 11:28 | Report Abuse

mrcb rm3 is the biggest joke hahahhahahahaha

Posted by rex1234 > 2018-07-09 14:30 | Report Abuse

I'm very confident about mrcb due to its asset in kl sentral

Posted by Victor Yong > 2018-07-09 20:19 | Report Abuse

EPF holds more than 35%+ and continued to buy. now, less than 10 days for div ex date ... :)

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
MALAYSIAN RESOURCES CORPORATION BERHAD

Particulars of substantial Securities Holder
Name EMPLOYEES PROVIDENT FUND BOARD
Address Tingkat 19
Bangunan KWSP
Jalan Raja Laut
Kuala Lumpur
50350 Wilayah Persekutuan
Malaysia.
Company No. EPF ACT 1991
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Details of changes
No Date of change
No of securities
Type of Transaction Nature of Interest
1 04 Jul 2018
650,000
Acquired Direct Interest
Name of registered holder Citigroup Nominees (Tempatan) Sdn Bhd
Address of registered holder Level 42, Menara Citibank 165, Jalan Ampang 50450 Kuala Lumpur
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred Acquisition of 650,000 Ordinary Shares
Nature of interest Direct Interest
Direct (units) 1,557,567,500
Direct (%) 35.47
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 1,557,567,500
Date of notice 05 Jul 2018
Date notice received by Listed Issuer 09 Jul 2018


Announcement Info
Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB
Date Announced 09 Jul 2018
Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016
Reference Number CS2-09072018-00175

Posted by Victor Yong > 2018-07-09 20:23 | Report Abuse

09-Jul-2018 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 650,000 shares on 04-Jul-2018.
06-Jul-2018 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 2,000,000 shares on 03-Jul-2018.
05-Jul-2018 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 2,000,000 shares on 02-Jul-2018.
05-Jul-2018 Insider LEMBAGA TABUNG HAJI (a substantial shareholder) acquired 500,000 shares on 03-Jul-2018.
04-Jul-2018 Insider LEMBAGA TABUNG HAJI (a substantial shareholder) acquired 500,000 shares on 02-Jul-2018.

Posted by sarahdeaton > 2018-07-10 08:08 | Report Abuse

Okok...selling now.

Posted by Victor Yong > 2018-07-10 11:37 | Report Abuse

:)

Malaysian Resources Corp Bhd
(July 9, 60 sen)
Maintain buy with an unchanged target price (TP) of RM1.01: According to The Star, to curb the spiraling cost which ballooned up to RM15 billion (versus RM9 billion previously), Prasarana Malaysia Bhd has indicated its intention to take over the construction of light rail transit Line 3 (LRT3) from its project delivery partners (PDPs).


Malaysian Resources Corp Bhd (MRCB) and George Kent (Malaysia) Bhd were appointed by Prasarana as the PDPs for the LRT3 project with an approved construction budget of RM9 billion as well RM1 billion for land acquisition cost. The PDPs are responsible for the design and construction of LRT3, in addition to assuming the risks of cost overruns or delays. We understand that the overall project milestone has reached a 10% progress rate to date.

Prasarana may seek an additional budget from the government as the consortium currently has the approval to raise up to RM10 billion. To raise additional funds, the company may need cabinet approval. Cost escalation comes from design changes to the original LRT3 plan, such as adjustments to accommodate new features and bigger capacity of 26 station along the 37km line.

We believe MRCB would not be affected if Prasarana could not raise additional funds for the said LRT3 project as our forecasts are based on the approved construction fees of RM9 billion instead of RM15 billion. At this stage, we believe the PDPs and Prasarana are in discussions to address this matter and there are no signs that Prasarana will take over the project from the PDPs to date. As for MRCB, the assumed earnings contribution from LRT3 is 3% of financial year 2019 forecast (FY19F) net profit and accounts for 4% of our sums-of-parts valuation (SOTP).

Our TP is based on a 20% discount to our SOTP valuation of RM1.26 per share, implying 24.3 times FY19F price-earnings ratio. — UOB Kay Hian, July 9

Posted by sarahdeaton > 2018-07-10 11:46 | Report Abuse

Fake news. Tp is 0.38

Posted by kenlaw > 2018-07-10 12:02 | Report Abuse

sapu 100lot today.

Posted by Victor Yong > 2018-07-10 12:48 | Report Abuse

Epf and tabung haji together hold 42%+, they continued to buy, sooner or later , more than 50% :)

Posted by somersby > 2018-07-10 14:44 | Report Abuse

mrcb is shit company

Posted by Ron90 > 2018-07-10 17:22 | Report Abuse

collection mode 60 cents, Strong company and back by 2 giants.

Posted by TEEXIAN1840 > 2018-07-10 18:11 | Report Abuse

today ding tommorow dong. hari hari ini macam. kepala manyiak pining...

Posted by sarahdeaton > 2018-07-10 20:00 | Report Abuse

U all better sell tomorrow. I am gona kill the 2 giants.

Posted by Ron90 > 2018-07-10 23:54 | Report Abuse

lucky if drop just 1-2 cents, other counter drop >5 cent in single day, quite common nowadays ..hehe

Posted by wantousek > 2018-07-11 08:08 | Report Abuse

LRT3 might be cancelled now? yea good job Finance Minister...let's cancel all the projects hehe

Posted by sarahdeaton > 2018-07-11 09:22 | Report Abuse

In coming!!!! Yee!!! Hah!!!

Posted by vivabursa > 2018-07-11 09:38 | Report Abuse

property projects alone now worth more than the share price I guess.

Posted by sarahdeaton > 2018-07-11 09:38 | Report Abuse

Fake news. They building disney land in its place.

Posted by Victor Yong > 2018-07-11 09:42 | Report Abuse

To cancel the PDP, at this stage, a source said, would require a compensation of RM200mil to be paid to the PDP company.

Sources said that there were a few options on the table to reduce the cost, including scaling down the size of the project. Another option being looked into is for the project to be carried out on a turnkey basis.

In other words, MRCB and GKent would build–operate–transfer the LRT 3 project. This would require the joint-venture company to raise its own funds for the project.

https://www.klsescreener.com/v2/news/view/402255/lrt3-cost-can-be-reduced-by-rm6bil

Posted by signalmw > 2018-07-11 09:55 | Report Abuse

not good

Posted by wantousek > 2018-07-11 09:59 | Report Abuse

yea good let's cancel all. Happy happy lim guan eng just cancel all public transport. Yea save money.

Posted by Victor Yong > 2018-07-11 10:19 | Report Abuse

Epf, tabung haji and the largest shareholder can consider to privatise it at this price :)

Posted by Victor Yong > 2018-07-11 10:24 | Report Abuse

Lrt3 wont be cancelled. It would be reviewed to lower the cost only, just an opinion.

Guan Eng said the LRT3 is critical to alleviate traffic congestion along one of the most important and densely populated economic development corridors in the Klang Valley.

The 37km alignment connects Klang with Bandar Utama in Petaling Jaya. Guan Eng said the LRT3 is expected to serve a population of two million, transporting 36,700 passengers per hour each way.

Posted by Victor Yong > 2018-07-11 11:31 | Report Abuse

Lrt 3 still on :)

http://www.klsescreener.com/v2/news/view/402907

Posted by Victor Yong > 2018-07-11 11:42 | Report Abuse

These few parties can privatise it :)

TOP 30 LARGEST SHAREHOLDERS
15 MARCH 2018
LIST OF THIRTY (30) LARGEST SHAREHOLDERS
No. Name No. of Shares %
1. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board 1,530,917,500 34.87
2. RHB Capital Nominees (Tempatan) Sdn Bhd
RHB Islamic Bank Berhad Pledged Securities Account for Gapurna Sdn Bhd 419,956,706 9.56
3. CIMB Group Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Gapurna Sdn Bhd 309,134,798 7. 04
4. Lembaga Tabung Haji 304,685,846 6.94
5. Maybank Nominees (Tempatan) Sdn Bhd
Bank Kerjasama Rakyat (M) Berhad 172,000,000 3.92

Posted by Victor Yong > 2018-07-11 11:53 | Report Abuse

If mrcb considers to distribute it to the shareholders, good, right? :)

27.9%
stake in
MRCB-Quill REIT (MQREIT).

Posted by Victor Yong > 2018-07-11 11:57 | Report Abuse

GLCs, e.g. TM, fell to rm3 due to fear of reducing price of broadband services, now back to around rm3.40.

Mrcb dropped due to fear of lrt3 to be cancelled, etc. :)

Posted by anticonman > 2018-07-11 12:02 | Report Abuse

Will drop to 30 sen?

Posted by apolloang > 2018-07-11 12:17 | Report Abuse

cannot 30cts lah unless lost a few billions next quarter

Posted by Victor Yong > 2018-07-11 12:29 | Report Abuse

Another +factor for mrcb if hsr is on :)

https://www.theedgemarkets.com/article/hsr-could-be-revived-if-cost-cut-malaysia-finance-minister-lim-guan-eng

Posted by mredzuan > 2018-07-11 12:52 | Report Abuse

https://www.theedgemarkets.com/article/hsr-could-be-revived-if-cost-cut-malaysia-finance-minister-lim-guan-eng

Posted by rex1234 > 2018-07-11 14:22 | Report Abuse

u all want to sapu for low price right, but let me tell you, it won't happened, and will renounce to rm2 soon. :)

Posted by wantousek > 2018-07-11 15:50 | Report Abuse

fat hopes rex1234...no catalyst to go back to rm2..thanks to tokong lim..

Posted by kenlaw > 2018-07-11 16:26 | Report Abuse

buy 10000 shares again today.

Posted by Ron90 > 2018-07-11 16:43 | Report Abuse

dont be surprise after Tun M visit China, ecrl would proceed but with new term. Project not that bad, it's just the term which use all companies, machinery, and workers from China that doesn't fit with our economic strategy, and China as a good and prolific business nation, sure no problem coz they olready untung banyak in many ways. Financing the ecrl project already untung banyak, iI dont think China want to play play with Tun M also. Better preserve good long term relationship.

HSL .. i am also confident it would proceed also la..slow-slow change the tune.

Posted by TEEXIAN1840 > 2018-07-11 17:10 | Report Abuse

LGE better cut his own kukuchiou instead of ini potong itu potong, HSR, ECRL, MRT3, LRT3 cause MRCB, GKENT and other construction companies in trouble...

Posted by ks55 > 2018-07-11 17:17 | Report Abuse

You sudah gilakah?
LRT3 31.5 billion?
Might as well keep HSR and cancel LRT3!

Corruption to the highest order............

Posted by ks55 > 2018-07-11 17:18 | Report Abuse

If MRCB is so qualified and competent, might as well ask them to be turnkey contractor........

Posted by TEEXIAN1840 > 2018-07-11 17:26 | Report Abuse

yes, gua sudah gila. gua gila sebab gua pinya pocket sudah pokkai because of PH. pukima pinya PH...

Posted by signalmw > 2018-07-11 17:34 | Report Abuse

（吉隆坡10日訊）財政部長林冠英聲明，第三輕快鐵（LRT3）的總成本將高達314億5000萬令吉，若要繼續進行該項目，必須削減超過60億令吉的成本。

Posted by rex1234 > 2018-07-11 17:35 | Report Abuse

can someone kick i3lurker out here?

Posted by sarahdeaton > 2018-07-11 17:57 | Report Abuse

Everyone pls sell tomorrow. I go talk to mr lim tonight.

Posted by pujut > 2018-07-11 18:01 | Report Abuse

Tq mrcb teruskan dgn harga jatuh..makin murah makin bagus..

Posted by signalmw > 2018-07-11 19:47 | Report Abuse

中国．北京11日讯）美国周二晚间就2000亿美元（约8055亿令吉）加征关税的建议产品清单征求公众意见，周三中国金融市场反映强烈：中国股市沪综指开盘大幅低开1.7%；汇率方面，人民币兑美元即期盘初大跌创7月3日以来新低。

Posted by Ron90 > 2018-07-12 01:47 | Report Abuse

it's a mouse trap, just hold on tight and don't contra !

Posted by Jebard > 2018-07-12 07:59 | Report Abuse

Something going on wt mrcb . Like a time bomb to explode. Those who selling this surely a total moron. Buy hihg sell low.. what a loser. Just be patient

Posted by Jebard > 2018-07-12 08:01 | Report Abuse

Anyway any price drop is an oppurtunity to add more...