Very good news if it is disposal EDL, which will drastically lower the gearing. I can see the MRCB will be the next construction gaint under HP gov when the new project kick off coming year. U can see that the PH gov is favor MRCB in the LRT job.. By de gearing exercise, MRCB is expecting to turn into net cash company!!! In KLSE, where can u find a huge construction company like MRCB in net cash position. In the years moving forwards, MRCB will have financial muscle to tender any huge gov job, e.g. the tendering of giv land which was announced in budget. I m looking if MRCB will be the new STAR stock under the gov, every new gov sure have fewer star stocks...
Even the news was announced on budget, the completion of the disposal will have material impact on earnings, so, if it is related to the disposal, it is very positive news.. Gearibg will drop by Rm1.0 bil + and cash increase also.. Another deal pending with gov is the Bukit Jalil land disposal worth RM1.1bil... Keep an eye on this stock.
Once upon a time there was a counter called RHB CAP Between 2001-05 it was languishing at RM 1.5, then EPF and Khazanah... did a major restructuring and wala.............. RHB Bank was born Traded at the prices of RM 6-9 in the past 10 years A SIX FOLD GAINS FRO RHB CAP
The authorities are pulling the same stunt on MRCB... golden blue eyed boy, jewel in the crown.....................
Recommended MBSB mother at RM 2.5 sold Hibiscus at 39 sen Lost every single round in war of words to orange since alpha and omega More bans and suspensions from i3 - vilification since botak chin
Oh shit they are breeding more Godzillas n restoring the “Godzillas City Project”......OMG prepare ur heart attack pill , don’t die because of getting rich!
MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB" OR THE "COMPANY")
MUTUAL TERMINATION OF THE CONCESSION AWARDED BY THE GOVERNMENT OF MALAYSIA ("GOM") TO MRCB LINGKARAN SELATAN SDN BHD ("MLSSB") FOR THE DESIGN, CONSTRUCTION, MANAGEMENT, OPERATION AND MAINTENANCE OF THE EASTERN DISPERSAL LINK EXPRESSWAY ("EDL") ("EDL CONCESSION") ("CONCESSION TERMINATION")
. Based on the audited consolidated financial statements of MRCB Group for the FYE 31 December 2017 and on the assumption that the Concession Termination had been effected at the beginning of that financial year, the EPS of the MRCB Group is expected to increase from 6.56 sen to 7.50 sen as a result of the Concession Termination
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....
Jebard
660 posts
Posted by Jebard > 2018-11-09 15:33 | Report Abuse
No more steam. Finish habis. Back to square one before start their game back. Wait at 0.7 lh ..