Study the chart pattern for the past 1year is enough, 1-2 weeks before QTR result announced, the share price will be pressed down.then when announce good result the price shoot up..
IF bad result? Why did u decide to invest money here in the first place? Kikiki..that question should be asked before you decide to invest your money anywhere in this world...
Julien, to share my experience, i started investing/trading with very LIMITED knowledge in April 2015 (this year..) ..my first 6 months was HELL !! The global market rout came very soon after that and i was slow to cut loss..i manage to exit some counters with minimal profit when market went V-shape bounce recently..now im getting more knowledge amd learning more of the skills from my painful 6month experience..
Now our market going to be crazy.. Many counters up like no tomorrow.. Maybe foregin funds have started to enter our market.. Or valuecap has started their job.. Tomorrow sure another big show..
beginner... chill. i see the project is already in hand. no more dive like before. the potential is up up only. like many analyst said, future is bright, just they want to see how mrcb manage debt.
18. Review of performance For the cumulative quarter ended 30th September 2015, the Group reported a revenue and profit before taxation of RM1,308.5 million and RM369.7 million respectively as compared to RM1,027.6 million and RM204.0 million in the preceding cumulative quarter ended 30 September 2014. The strong revenue growth and higher profit before taxation was attributable to the completion of the Q Sentral development, the sale of Platinum Sentral and investment and also other on-going development projects including the Sentral Residences and 9 Seputeh.
19. Variation of results against immediate preceding quarter The Group recorded revenue and profit before taxation of RM374.1 million and RM25.3 million respectively for the current quarter ended 30 September 2015 as compared to a revenue of RM530.3 million and profit before taxation of RM92.0 million recorded in the preceding immediate quarter ended 30 June 2015. The lower revenue of RM374.1 million recorded in the current quarter compared with the immediate preceding quarter of RM530.3 million was mainly due to the completion of Q Sentral development in previous immediate quarter resulted in higher revenue and profit recognition upon completion. The higher profit before taxation recorded for the previous quarter was due to the gain recognized from the sale of the Group’s investment as stated in Note 11(c) in immediate preceding quarter.
Nevertheless, for the cumulative nine-month period (9MFY15), MRCB reported a 92.3% surge in net profit to RM303.6 million or 17.01 sen per share from RM157.91 million or 9.34 sen per share in 9MFY14, driven by the completion and sale of the group's projects. Revenue for 9MFY15 rose 27.3% to RM1.31 billion from RM1.03 billion in 9MFY14.
In a filing with Bursa Malaysia today, MRCB attributed the higher profit and revenue to the completion of the Q Sentral development, the sale of Platinum Sentral and investment, and also other ongoing development projects including the Sentral Residences and 9 Seputeh.
On prospects, MRCB said it is comfortable with its immediate prospects, as it continues to focus on its property development activities and actively tender for more construction contracts to grow its orderbook.
Aiya beli rumah pun mau Tunggu la as cold said Why are you willing to wait for the new key for home for two years long and deny to wait for a stock for 1 year leh?
KUALA LUMPUR (Nov 19): Malaysian Resources Corp Bhd (MRCB) ( Valuation: 1.40, Fundamental: 1.30) reported a 79.4% drop in its third quarter net profit on lower revenue, as well as higher finance costs and income tax expense.
Net profit for the third quarter ended Sept 30, 2015 (3QFY15) fell to RM5.64 million or 0.32 sen a share from RM27.39 million or 1.56 sen a share in 3QFY14.
MRCB saw its revenue for 3QFY15 fall 24.8% to RM374.06 million from RM497.26 million in 3QFY14.
If share price keep falling to lowwww levels, then more justifiable for ValueCap to come in..otherwise if share price keep increasing then no point for valuecap to come in because the share is no more "undervalued"
EPF is a 38% shareholder in MRCB..its the number 3 counter owned by EPF after MBSB & RHBCap.. i'm sure they will make sure things continue to look good for MRCB..especially when MRCB is currently the largest BUMI contractor in Malaysia
Always A. Beginner I think WCT likely to report many times higher profit than MRCB because lower debts. A high debt company like MRCB will be hit when revenue drop.
too early to make bad conclusion based on their current quarter result since we all know that many projects secured in their hand.. we will see how they manage their debt and gain more profit..
most people buy mrcb not because of their current quarter performance but their future prospect no point arguing in FY2015 results analysts already mentioned FY2015 is a turnaround year, not a growth year FY2016 is the one which is going to show improvement I think people is just being jealous why their stock no one gives a shit while this one people pump it up based on future prospect
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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....
mh87
3,966 posts
Posted by mh87 > 2015-11-19 12:56 | Report Abuse
As long as no panic selling is consider ok.. But looks like someone is collecting its WA.. The volume is getting higher.. Lets see 2nd session.