quite good overall, already can maintain profit even before the recently won contracts begin contributing to the bottom line. looks like the ship captain can hold things steady in stormy seas
MRCB (MRC MK, BUY, TP: MYR1.60) Earnings Turnaround To Be More Gradual Results Review We believe MRCB’s earnings turnaround should be more visible in 2H as progress billings from 9 Seputeh pick up, while earnings from LRT3 PDP fees and new construction contracts kick in. Maintain BUY and MYR1.60 TP (32% upside). Earnings visibility is underpinned by its MYR4.3bn construction orderbook and MYR1.6bn unbilled property sales. by RHB
@jayawin: whole year profit comes in at 330m, disposal of nu sentral only 70m. how do you come to the conclusion that whole year profit comes from disposal gain?
We believe MRCB’s earnings turnaround should be more visible in 2H as progress billings from 9 Seputeh pick up, while earnings from LRT3 PDP fees and new construction contracts kick in. Maintain BUY and MYR1.60 TP (32% upside). Earnings visibility is underpinned by its MYR4.3bn construction orderbook and MYR1.6bn unbilled property sales.
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....
valueinvestor
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Posted by valueinvestor > 2016-02-05 23:04 | Report Abuse
http://www.thestar.com.my/business/business-news/2016/02/05/mrcb-meets-conditions-precedent-in-kl-sports-city-deal/