Not_logic.. pls understand.. UEMS is still under accumulation process (blockages can be easily seen everyday) and once its enough/completed.. then most prolly it will shoot up. This is one of the investment methods as mentioned above..
MRCB is under accumulation phrase. Bear in mind UMNO meeting is coming. Undervalued counter like MRCB can be the target. Few projects are on hand now including MRT.
MRCB wishes to announce that its wholly-owned subsidiary, 348 Sentral has today entered into a Heads of Agreement (“HOA”) with Maybank Trustees Berhad (“MTB”), acting as trustee for MQ REIT for the disposal of a 33-storey office tower known as “Menara Shell” together with a 5-storey podium and 4-storey basement car park bearing the postal address of 211, Jalan Tun Sambanthan, 50470 Kuala Lumpur, Wilayah Persekutuan, Malaysia (“Menara Shell”) and erected on part of the freehold land held under Geran 40094, Lot 348, Section 72, Town and District of Kuala Lumpur, Wilayah Persekutuan KL, for a purchase consideration of RM640 million (“Proposed Disposal”).
The Proposed Disposal is subject to a definitive sale and purchase agreement (“SPA”) to be entered by MTB and 348 Sentral (“the Parties”) within 30 business days from the date of the HOA (“Cut-Off Date”) with an automatic extension of a further period of 30 business days in the event that MQREIT is unable to complete its due diligence investigations by the Cut-Off Date, and thereafter, such further extension of time as may be mutually agreed.
It is a good news, MRCB recently received many projects which indicate an ensure for future growth and profit but market worries that MRCB may not have enough money to handle the projects. The selling of menara Shell for 640 million is very good to enhance their cash flow and liquidity.
640m not entirely all cash, some of them are in MQREIT share but anyway, it's a good deal If the transaction can be done by end of this year, next quarter report is going to shine I can't wait for the moment when they decide to dispose their EDL
The net book value of the Menara Shell is RM432mil. Minus off the misc fees & capital tax, the disposal is probably going generate an extraordinary gain of RM150 mil for MRCB for FY2016. Research houses do not seem to highlight this positive impact from the proposed disposal...
"KUALA LUMPUR: GIC Pvt Ltd and the Jardine Matheson Group are both said to be showlng keen interest In Malaysian Resources Corp Bhd (MRCB), and could each be taking up a stake In the company via Its recent proposed private placement exercise:, according to a source close to the matter" - The Edge Financial Daily (9/12/2015)... since now oil so cheap, pour some more oil and make a big fire..kikiki
“There has of course been interest shown in MRCB’s placement shares by local funds such as Kumpulan Wang Persaraan (Diperbadankan) and local banks, but a game changer is these two international firms are said to be showing a keen interest in taking up a piece of MRCB in their ongoing discussions with the company,” source told The Edge Financial Daily .
Whether buying at open market or private placement, doesn't care, just simply indicate many big funds are now interested to MRCB as many projects are on hand as in MRT, stadium bukit jalil, etc which are projects of billions. I would be more happy if the big funds are buying at open market, price sure fly.
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....
laosai
156 posts
Posted by laosai > 2015-11-29 21:30 | Report Abuse
XOX style tomorrow?