No idea, but given the prospect is uncertain, I don't expect this company to go up more than 20%, given the QR is good. I will avoid until I see 4 consecutive promising earnings.
For a long term, this company can still maintain its balance sheet as only 23% of its project is based on goverment-awarded . But for a short term, it's not okay. OPEX does hike due to mobilization of workers in MRT2 and LRT3 .
Yeah, only stay if you plan to be with MRCB for 2-3 years.
"Through its ongoing transformation plans, MRCB will continue to strengthen its core business segments like property development & investment with an estimated GDV of RM56b, and engineering, construction & environment with an outstanding orderbook backlog of RM4.9b. We foresee significant monetisation of assets in the near term, which would significantly strengthen the balance sheet and lift earnings outlook. Maintain BUY. Target price: RM1.01."
I took the risk already..above all its my money :) we have our own analysis and views..thanks ahza and avatar6 for your comment..when they're going to release quarter report?lol
"The development will not only allow the group to enhance its construction and engineering project pipeline, but is also expected to provide the group with a steady stream of income over the development and construction period, which in turn is expected to contribute positively to the group’s future earnings," said MRCB.
The management contract is expected to become unconditional by the second quarter of 2018.
MRCB has good prospect for the next few months. But for know, it seems change to bearish mood. if you want to hold, your own risk. QR will be not good enough after that it will correction back. Bankers don't give any clue n hint yet about this counter.
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....
Ahza Adhwa Zulkepli
331 posts
Posted by Ahza Adhwa Zulkepli > 2018-08-30 13:27 | Report Abuse
Took a look at DCF, okay I'm done. This counter's dead.