Be warned, EPF is the largest shareholder in MRCB and is likely going to have to sell down its stake to help pay out 40 Bil in the next two months. Any significant sale of MRCB shares will likely have significant negative impact on its MRCB share price.
40 Bil does not grow on trees! KLSE t/o is about 2.5Bil a day 5 days a week say 50Bil a month. For EPF to cash up 40Bil will hit KLSE hard. Yes I know they have other investment, but a lot of them cannot be cashed so fast. Yes I know they have money coming in on deposits, but they also have money going out as retirement age hits with withdrawals. No matter how you add up it must severely impact KLSE as the MinFin. did warn parliament at the time. Taken that EPF makes up a big chunk of KLSE you can guess why. Taken that EPF are not investors in about 70% of the KLSE counters so it stands to reason that wherever you see EPF as a substantial shareholder you had best beware.
untuk permainan pendek target 450. lagi bagi warning EPF nak guna duitlah , saya tambah lagi hari ini . jangan jual murah saya akan tambah lagi. esok pagi entah dapat tak harga lebih murah atau 405 akan ditembusi . good luck
hanya berbicara diwaktu lapang maaf jika ada silap kata.
ada murah beli je...usah takut harga murah sebab tulah masa kita membeli dan menyimpan tahun depan baru kita buat keputusan nak jual atau simpan. labur pendek boleh jual waktu 45sen labur lama sikit boleh jual 65sen lagi lama rm1.00 . apa tunggu lagi....jangan tunggu yang berkenaan tolak naik harga dan sekarang dah mula membeli sedikit demi sedikit tanpa disedari . bila dah cukup beli berlori lori maka masa akan tiba untuk ditolak naik . jadi kenapa tak beli waktu harga murah lagi murah lagi banyak kita beli. good luck
hanya berbicara di waktu lapang maaf jika ada silap kata selamat bercuti
MRCB also has tunnelling experience. It is the main contractor for the Light Rail Transit 3 (LRT3) project, which will involve 2.2km of tunnelling works from Persiaran Dato Menteri to Stadium Shah Alam. It also has an environment-related business that undertakes flood and erosion mitigation of rivers and coastal areas. Its balance sheet should not be a hindrance, given that net gearing was at a low of 29.8%, amounting to RM1.25 billion of net debt, as at end-December 2021. The group ended FY2021 with a net profit of RM15.83 million, swinging back from a net loss of RM177.37 million incurred in FY2020.
“The LRT 3 project has achieved a completion rate of 70%, and could potentially reach 80% by end-2022.
“Recall that the remaining 50% of the LRT 3 joint venture was taken over by MRCB in 4Q21 (the fourth quarter of 2021) and should thus boost the company’s top and bottom lines substantially in FY22 (the financial year ending Dec 31, 2022).
“The project has progressed into the systems stage, therefore steel and cement intensity should drop off significantly,” the research house said of the LRT 3 project.
MRCB’s lack of job wins for the past two years is paradoxically a positive, the research house stressed.
“Assuming that net gearing increases to a manageable 0.5 times, MRCB could stomach a sizeable RM1 billion to facilitate the execution of the project.
“We consider MRCB to be a strong contender for the elevated packages (Mass Rapid Transit 3, civil packages) as they are reserved for domestic-only participation with a 60% minimum bumiputera allocation,” HLIB added on the group’s prospects for MRT 3.
Last year, I still remember E&O denied takeover or privatization. Share was 38sen. Few months later, share price slowly goes up to 50sen. Then announce takeover offer at 60sen. Don’t fall for the trap again to sell cheaply at market price. Someone is collecting and denying privatization. Careful all.
"MRCB NTA is RM 1.00, the privatization pricetag should be at least 85c." I hope EPF would take MRCB's NTA into consideration should it decide to privatize the company. Don't be surprised if minority shareholders are only offered 60 sen a share or less. Remember the privatization of TA Enterprise several years ago? TA had an NTA of RM2.60 but minority shareholders were only offered RM0.66 a share and all the relevant government authorities happily approved the deal. Karambubai minority shareholders also didn't get a good deal.
“Typically, a shareholders’ agreement is a good tool to protect minority shareholders where certain provisions can be inserted to protect them besides the legal protection afforded to them by any corporate law,” he said.
After hearing the Chairman and MD response at the AGM, I think the company is on the right track now. This is not the time for privatisation. Let the minority shareholders share the rewards and growth of the company. If want to take it private, MRCB should be sold at least RM1 to be fair to all.
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....
Posted by LZCY2020 > 2022-04-15 11:22 | Report Abuse
Lai liao lai laio!!!!! Gogoogogo