More foreign fund will pump in for cheap RM in stock mkt, sell when Rm recover and stock rebounce in near future. Further more this counter got tons of good news & good qtr result going to release soon.
RM 3.135 billion debts who say gearing not high? 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
this will be a repeat for mrcb where during Jan 2010 , mrcb was fuelled by speculation that the company may be given the mandate to manage large parcel lands of govt owned land in jalan cochrane in the city centre and another tract in sg buloh owned by rubber research centre. The share price hit 1.63 on Jan 12, 2010.... this price is the same target as kenanga new tp = 1.63
Therefore, it may hit 1.63 by Jan 2016 again. Hold your shares. Or collect more at current price below 1.50
Kenanga will be easily knock out again on this 1.63 tp.
But............. Mostly mrcb debt is tie-up to the expressway, Once they sell the expressway, then they are ok. Therefore, " Every Debt Have A Silver Lining "
RM 3.135 billion debts who say gearing not high? 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
this will be a repeat for mrcb where during Jan 2010 , mrcb was fuelled by speculation that the company may be given the mandate to manage large parcel lands of govt owned land in jalan cochrane in the city centre and another tract in sg buloh owned by rubber research centre. The share price hit 1.63 on Jan 12, 2010.... this price is the same target as kenanga new tp = 1.63
Therefore, it may hit 1.63 by Jan 2016 again. Hold your shares. Or collect more at current price below 1.50
Kenanga will be easily knock out again on this 1.63 tp.
@Anti_debt, you quite persistent in emphasizing MRCB Debt. For me Debt and high gearing is bad, however is again depends on how MRCB restructuring the debt and how it advantage from the debt. Debt is for business growth, with MRCB that keep securing a good contract with high return, I believe the debt would mean a growth.
High debt is definately a concern for everyone. But it does not mean end of the world for the company. Believe the mgmt, stakeholder and partners of MRCB will ensure the company will stay afloat, if not soar. Just look at the long term projects its stakeholders pumped in recently. Every experienced investors uncles and aunties I know also noted this debts concern. But for me I am buying that the counter will soar to new height. Of course I will closely monitoring what the company is doing with its debts.
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....
tomatoman79
289 posts
Posted by tomatoman79 > 2015-11-12 15:23 | Report Abuse
hehe... i bought it 2 years ago during price rm2.20 (duh)