Posted by jolie2 > 2015-01-28 14:35 | Report Abuse

Major shareholder bought the share from epf at 1.56.
Will push back to 1.56 soon by the major shareholder.

Posted by Jason Lim > 2015-01-28 15:19 | Report Abuse

that is supposed to be the value soon, 2day must cl 1.29 & abv, tomo must stay abv 1.31 to be positive, if can break R1 1.35 then R2 1.40. otherwise buy S1 1.25 or S2 1.21, OBV is getting weak. I will wait for Friday or Wed

Posted by Jason Lim > 2015-01-29 16:05 | Report Abuse

still holding. good support... good for you jolie2

Posted by danielcctan > 2015-01-29 16:55 | Report Abuse

wow...nice mrcb....please fly tomorrow

Posted by Jason Lim > 2015-01-29 21:02 | Report Abuse

not so fast.... steady la... mkt sentiment not good ma. long weekend coming ma.

Posted by danielcctan > 2015-01-30 13:58 | Report Abuse

MRCB go go go and pls close above 1.36

Posted by alexisvics > 2015-01-30 14:02 | Report Abuse

MRCB lai liaw....

Posted by xenolover > 2015-01-30 15:53 | Report Abuse

master of katana catcher IS HERE... today, i appear here, it means i catch this flying katana..i catch in with price 1.31 this morning and now is is 1.35, not bad to myself.

Posted by danielcctan > 2015-01-30 17:09 | Report Abuse

wow...nice close

Posted by jolie2 > 2015-01-31 17:21 | Report Abuse

let's move it , move it .... hit 1.40 next week. Happy Thaipusam... wail , wail,,,,,, move it , move it

https://www.youtube.com/watch?v=hdcTmpvDO0I

Posted by Seilok > 2015-02-01 15:13 | Report Abuse

I think can soon move

Posted by Zhang > 2015-02-01 15:18 | Report Abuse

Just buy, will not regret!

Posted by DreamConqueror > 2015-02-02 02:09 | Report Abuse

Latest Edge TP RM2.05

For one prepared to go long, would be a fair shot ... and be a good collection for one's portfolio too ...

Posted by zeeai > 2015-02-07 07:36 | Report Abuse

Get out!

Posted by Jason Lim > 2015-02-10 16:33 | Report Abuse

Thursday EGM, 4 days collect liau still no show yet ar?

Posted by Jason Lim > 2015-02-10 16:47 | Report Abuse

oil up...! ringgit up....! MRCB EGM coming up....! Price go up la....!! 1.38....!!!! come on...! today can close abv 1.34, tomo got 1.38

Posted by danielcctan > 2015-02-10 22:13 | Report Abuse

coming very soon

Posted by danielcctan > 2015-02-11 12:19 | Report Abuse

mrcb news out....get ready later or tomorrow morning

Posted by oms43684368 > 2015-02-11 14:14 | Report Abuse

Business NewsHome › Business › Business News
MRCB shareholders meetings to focus on Kwasa Devt, Platinum Sentral
Wednesday, 11 February 2015
BY: TOH KAR INN








KUALA LUMPUR: Malaysian Resources Corporation Bhd’s (MRCB) two EGMs on Thursday are expected to attract strong positive interest as it seeks shareholders’ approval for two corporate deals which will provide the growth catalysts.

The EGMs, which will be held at Hotel Istana here at 9am, will see the construction-property group seek approval to subscribe for 700,000 new Kwasa Development (2) Sdn Bhd (KDSB) shares.

Most importantly, the investment of RM816mil is for a 70% equity interest in KDSB, the special purpose vehicle (SPV) undertaking Project MX-1.

Essentially, MX-1 is a mixed development of 64.07 acres of land which will be a town centre of the proposed Kwasa Damansara Township in the Rubber Research Institute of Malaysia (RRIM) in Sungai Buloh. MRCB was selected as the development partner to develop the MX-1.

Public Investment Bank Bhd has recommended minority shareholders to vote in favour of the proposed subscription, describing its as “fair” and “reasonable”, adding that it would not be detrimental to them.

Interestingly, MRCB has guaranteed that KDSB would have a minimum profit after tax of RM150mil at the end of the five years and up to RM2bil by end of year 15.

PIVB points out that MRCB is confident of achieving the guaranteed profit after tax pf RM2bil based on its successful property development property development track record.

The second EGM, its unit MRCB Central Properties Sdn. Bhd has proposed to dispose of Platinum Sentral to Maybank Trustees Bhd -- which is a trustee for Quill Capita Trust (QCT), a real estate investment trust. The total disposal consideration amounts to RM740mil.

Of the amount, RM476mil will be satisfied in cash while RM264mil will be via the proposed issuance of 206.25 million units in QCT, at an issue price of RM1.28 per unit.

Platinum Sentral constitutes a freehold land, five blocks of four to seven storey commercial buildings and two levels of car park.

This property is located in Kuala Lumpur Sentral, with a titled land area of 530,230 sq ft, and a gross built-up area of about 1mil sq ft.

MRCB, had in its circular to shareholders, said the disposal was to realign its investment assets of the group as it focuses on property development which is one of its core business.

The proposed disposal would enable MRCB to unlock value and realise its investment in Platinum Sentral. It is expected to realise a proforma gain on disposal of betrween RM219.3mil and RM223.8mil.

As part of the corporate exercise, MRCB will acquire a 41% stake in Quill Capita Management Sdn Bhd from Capitaland RECM Pte Ltd and Coast Capital Sdn Bhd for RM5.88mil.

This would see MRCB emerge as the single largest shareholder in Quill Capita Management with representation on the board of directors.

http://www.thestar.com.my/Business/Business-News/2015/01/26/Brighter-long-term-prospects-for-MRCB/?style=biz

Posted by beginner > 2015-02-12 12:13 | Report Abuse

anyone at EGM? any update

Posted by tlbeng > 2015-02-13 09:58 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2015/02/13/MRCB-plans-to-unlock-value-at-KL-Sentral/

Posted by Acts > 2015-02-23 12:24 | Report Abuse

Result will be out soon, JB toll collection will be the Hot button for this Q Growth

Posted by lbhock123 > 2015-02-23 13:25 | Report Abuse

let EPF goreng...

Posted by tlbeng > 2015-02-23 16:01 | Report Abuse

quarter result should be release today or tomorrow

Posted by Icon8888 > 2015-02-23 18:26 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1882345

loss making

as usual, all talks no results

Posted by RM1DivStock > 2015-02-23 18:42 | Report Abuse

Loss making for 4th quarter ..woo..unexpected result！

Posted by tlbeng > 2015-02-23 19:06 | Report Abuse

does anyone know what's the continuing operations mentioned in the quarter report?
thanks

Posted by anson938 > 2015-02-24 08:55 | Report Abuse

SUMMARY OF KEY FINANCIAL INFORMATION
Dec 31, 2014

INDIVIDUAL PERIOD CUMULATIVE PERIOD
Current Year Quarter
Preceding Year Corresponding Quarter
Current Year to Date
Preceding Year corresponding Period

Dec 31, 2014 Dec 31, 2013 Dec 31, 2014 Dec 31, 2013
RM'000 RM'000 RM'000 RM'000
1 Revenue 487,171 369,004 1,514,767 940,910
2 Profit/(loss) before tax 16,631 19,321 220,618 -110,367
3 Profit/(loss) for the period -5,275 2,217 152,634 -109,132
4 Profit/(loss) attributable to ordinary equity holders of the parent 6,884 11,017 183,519 -117,951
5 Basic earnings/(loss) per share (sen) -0.30 0.13 8.93 -7.38
6 Proposed/Declared dividend per share (sen) 2.50 1.00 2.50 1.00
AS AT END OF CURRENT QUARTER AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent (RM) 1.1280 1.0150

Posted by anson938 > 2015-02-24 08:56 | Report Abuse

dividend proposed 2.5 cents.

Posted by zeeai > 2015-02-24 10:37 | Report Abuse

I told you so.....after the 2.5sen dividend, the company cash will depleted. The company is already living on credit. Why pay dividend? Self interest maa.......

Posted by zeeai > 2015-02-24 10:37 | Report Abuse

Next month more assets is up for sale......

Posted by yuanlong57 > 2015-02-24 12:38 | Report Abuse

Dividend merely sweetener to retain investors capital.
Desperately trying to unlock its Platinum Sentral at inflated price via Quill Capita REITs.

Posted by zeeai > 2015-02-24 22:03 | Report Abuse

You got it right Yuanlong...

Posted by Jason Lim > 2015-02-25 20:03 | Report Abuse

ahyah... all these years... where got walk straight one??? Till today still surviving.... Back up by who u know la... cannot die one la... 1MDB also like small matter to the country ma....

Posted by klsetrader > 2015-02-26 00:13 | Report Abuse

this counter wont die off that easily... , if not you think EPF dares to invest that much in it.

Posted by zeeai > 2015-03-07 23:41 | Report Abuse

It will not die, but the share price may become penny stock. No new project launch this year....only completing the project that is on going. All this project is started by previous management. The present management knows only to sell....they are brokers......Duke sold, Platinum sold, Nu Sentral is up for sale, Sooka Sentral is up for sale.....more in the pipeline for sales. After disposing the property....ehem ehem...

Posted by yuanlong57 > 2015-03-08 00:25 | Report Abuse

EPF is well-known for making timely entry and exit in high-yielding stocks to milk high profits only. Where got so much money to park in MRCB when they own 60% of MBSB, also substantial holder in BIMB, etc.? After milking profits from the disposal of MRCB property assets, EPF will cabut lari.

Posted by zeeai > 2015-03-09 22:06 | Report Abuse

Not EPF cabut lari.....Gapurna will lari.....

Posted by fongchinpoc > 2015-03-11 23:58 | Report Abuse

any good news?

Posted by zeeai > 2015-03-14 20:35 | Report Abuse

Only bad news....more coming up....

Posted by dragonball2014 > 2015-03-16 00:04 | Report Abuse

Rumor Mrcb may team up with Ecoworld to develop MX1

Posted by Jason Lim > 2015-03-16 23:00 | Report Abuse

after teaming up, then help IPO of 1MDB, hahaha....

Posted by zeeai > 2015-03-17 22:06 | Report Abuse

Dragonball.....check with my contact in Kwasa land....nothing they know of MRCB and Ecoworld to develop MX1. To certain extend MRCB DO NOT have the capacity to develop MX1.

Posted by dragonball2014 > 2015-03-17 22:24 | Report Abuse

Ya. Thats why the proposal to team up with Ecoworld is the best option. Still in the early stage of nego.

Posted by nikeblood > 2015-03-19 06:11 | Report Abuse

Same person ? @@"

Posted by anson938 > 2015-03-21 17:18 | Report Abuse

US Dollar weak and crude oil price rebound back to US 47 per barrel.
21/03/2015 17:14

Posted by anson938 > 2015-03-24 09:18 | Report Abuse

MRCB coming.....

Posted by anson938 > 2015-03-24 09:22 | Report Abuse

US dollar weak and crude oil price rebounce to US 48 per barrel toward US 50 dollar.cos of delay of fake rate,the US dollar might weak and drop back.so estimate oil price might go back to US 60~70 per barrel shortly.

Posted by tlbeng > 2015-03-24 10:40 | Report Abuse

let's see if they can bag the lrt3 project or not

Posted by profit profits > 2015-03-24 15:58 | Report Abuse

why today drop so much ?