I do not have a TP for MRCB, but I only have target time (TT) for MRCB-wa, that is CNY when the financial result of whole year of 2014 will be released, and I anticipate the profit before tax (PBT) will be around RM 450 to 500 millions due to various asset disposal gains, write-back and operating profit of the year, by then the MRCB price is expected to be around RM 2.20 to 2.50, and mrcb-wa shall be around RM .55 to .60
at least 8b gdv wi min 2b profit over 15 yrs..with mrcb own 70%..so at least 1.4b profit for mrcb..each yr approx 933m..that is almost twice amount of profit estimated by MIDF...profit margin is 25% of gdv..solid from capital invt of of 816m (70% share)
MRCB & EPF forming a new co KDSB to develop MX1 signal that most likely KDSB is going to be a single developer doing all future projects in this 2.3k acres land. Other developer most likely will be just their subcontractor. Believe both EPF & MRCB foresee this is better approach rather than split the development to too many developers. Whether is from profit point of view,planning or any development changes, it will be under their control.
The potential is there, warrants are good multipliers. But I am worry that they cannot achieve their sales target. Feedbacks from agent saying property market is very soft. So how?
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cytew
1,600 posts
Posted by cytew > 2014-08-07 15:56 | Report Abuse
how low you think mother share will fall to ?