EPS is good and record revenue.........u see volume n price increase......dont get trap.Can sell but once u buy, u will kena.Tis is how history of this counter....just my 2 cts..
Coz this is a big project that can impact the bottomline...dun play play..with this project MRCB is now a difernet animal..previously it is a bear that change to a bull...hahaha
from 0.08->0.1 still not much movement? :P and yes it's confirmed, wait for the announcement tonight or monday you see the price surge with gkent, can be certain that they're getting the project
dont be too excited, now market sentiment so bad, fed meeting coming some more...collect when it goes down again, dont chase high now...mmc n gamuda also cant hold long even they got mrt 2 pdp in 13 july....
AM was saying if it breaks 50 days moving average, the price will go higher and also I'm not so optimistic on Monday market given the recent bearish sentiment but then, mrcb is a laggard, it doesn't rebound much when the index rebound 100 pts last week beware of profit taking on Monday
nothing special about lrt3, it's just that it starts earlier than mrt2 mrt2 tender not yet closed also, next year q2 only will know who win the tender right?
Got money to undertake LRT3? 16. Group borrowings The tenure of the Group borrowings classified as short and long terms are as follows: As at 30.6.2015 RM'000
Secured Short term 736,849 Long term 2,248,139 Unsecured Short term 150,000
Shamelessly najis won't see Muka merah on his face during his speech to the public. Gaya penuh suara bunyi macam ia tak pernah con kami ni. He shud stay silent and give full corporate Biro for d world scandal untill things clearly justify. How a maturity country still could under controlled by a dirty hand Pm like this.
Many have dumped this counter when it slides slowly from RM2 to RM0.80, so did I, threw n cut loss ...so kinda pissed at MRCB
But luckily reenter back at RM0.88 when saw the volume coming hand in hand with GKent on Fri...knew something is coming...nasib boss..otherwise memang bang balls
MRCB - Triumphs in LRT3 race Author: kiasutrader | Publish date: Mon, 7 Sep 2015, 10:16 AM
- We maintain our BUY call on MRCB with a fair value of RM1.65/share on an unchanged 40% to its NAV. MRCB announced that it has received a letter of appointment from Prasarana Malaysia to act as the Project Delivery Partner (PDP) for the Klang Valley LRT 3 (LRT3) project under a 50:50 JV with George Kent (Malaysia) Bhd.
- The LRT3 project (36km) runs from Bandar Utama to Klang before terminating at Johan Setia in Klang. Earlier reports indicated that this new line is expected to cost ~RM9bil (targeted completion: 2020)
- The award validates our earlier conviction of the MRCBGeorge Kent JV’s status as a frontrunner for the LRT3 PDP role. Our optimism stemmed from the duo’s combined experience in railworks. MRCB is the developer of the KL Sentral Transport Hub, and is exporting its franchise in Penang via Penang Sentral.
- The group is also currently undertaking several LRT packages under the Klang Valley LRT Line extension worth a combined RM1.2bil. These are:- (i) Ampang Line Package B – main facilities & segmental box girdles [SBG] (RM994mil); (ii) Kelana Jaya Package B SBG (RM77mil); and (iii) LRT stations 6&7 (RM88mil).
- George Kent had won a system works job for the Ampang LRT line extension last July together with Lion Pacific. From our channel checks, the JV trumped six other shortlisted candidates for the PDP award.
- While we have lowered our FY15F net profit to account for some timing differences, our NAV is largely intact. Even without accounting for the LRT3 PDP, MRCB’s new contract wins YTD of RM643mil has already surpassed our previous assumptions of RM300mil.
- Assuming a contract value of RM9bil (MRCB’s 50% stake: ~RM4.5bil), this new job could further boost the group’s total new contracts achieved YTD to ~RM5.1bil and bump up its external order book to a record RM6bil. This would undoubtedly boost MRCB’s future construction prospects going forward.
- Based on:- (i) MRCB’s effective stake in the PDP (~RM4.5bil); (ii) PDP fee of 5% (vs. 6% for the MRT Line 1 project); and (iii) duration of five years (2016-2020), we estimate the LRT3 PDP contract to bump up MRCB’s FY16F/17F core net profit by 21%/35%. Its fair value will rise by ~6% to RM1.75/share (NPV@7%).
- We have not assumed any contributions from the LRT3 project pending a definite agreement to be executed between the MRCB-George Kent JV and Prasarana. The stock is currently trading at a steep 64% discount to its NAV.
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....
char1234
5,299 posts
Posted by char1234 > 2015-08-24 11:39 | Report Abuse
Yes....best is stay sidelines...