MARINE & GENERAL BERHAD

KLSE (MYR): M&G (5078)

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Last Price

0.275

Today's Change

0.00 (0.00%)

Day's Change

0.27 - 0.285

Trading Volume

570,900


10 people like this.

3,712 comment(s). Last comment by cicakman 2 days ago

Posted by newbietrader9 > 2024-05-08 11:51 | Report Abuse

buy on dip

Posted by Semplicita > 2024-05-09 22:05 | Report Abuse

Wanna take off soon 😅

dlyc85

2 posts

Posted by dlyc85 > 2024-05-15 16:38 | Report Abuse

goldmanbull! you are correct. EPS for M&G look not correct. EPS 8.37 look wong info.

dlyc85

2 posts

Posted by dlyc85 > 2024-05-15 16:40 | Report Abuse

but if this company still can earn money then still ok. correct EPS should be 2.72, PE9

cicakman

7,903 posts

Posted by cicakman > 2024-05-30 10:34 | Report Abuse

Anyone knoe when approx .next FYR announcement?

cicakman

7,903 posts

Posted by cicakman > 2024-05-31 09:55 | Report Abuse

Waaa... here nobody except ghost🤣🤣🤣

cicakman

7,903 posts

Posted by cicakman > 2024-06-04 09:14 | Report Abuse

M&G oso ok bah!

cicakman

7,903 posts

Posted by cicakman > 2024-06-14 18:53 | Report Abuse

Still ghost town 🤣

Posted by Lee Chee Wee > 2024-06-15 10:18 | Report Abuse

Congratulations to all who stay invested in this stock. Uptrend continues. Broke out from 0.30 bullish. Next level will be 0.50.

Posted by Miguel_Felix > 2024-07-23 17:22 | Report Abuse

start your engine!

Willy888

138 posts

Posted by Willy888 > 2024-07-24 15:47 | Report Abuse

Miguel excellent!

cicakman

7,903 posts

Posted by cicakman > 2024-07-25 12:45 | Report Abuse

Back to square one🤣🤣🤣.

cicakman

7,903 posts

Posted by cicakman > 2024-07-26 10:06 | Report Abuse

Here got ghost only.🤣🤣🤣
Midterm 0.60 ¢ +

Willy888

138 posts

Posted by Willy888 > 2024-07-26 10:31 | Report Abuse

Mr Miguel your TP please.

cicakman

7,903 posts

Posted by cicakman > 2024-07-30 11:37 | Report Abuse

Tomolo is 31st July.

Joe

1,481 posts

Posted by Joe > 2024-07-30 23:08 | Report Abuse

Was there a devident declared from this company

Superb99

6,611 posts

Posted by Superb99 > 2024-07-30 23:45 | Report Abuse

Nice profit but lousy price

Posted by Miguel_Felix > 2024-07-31 11:48 | Report Abuse

accumulate now, uptrending soon

Posted by damansaraeagle > 2024-08-05 12:24 | Report Abuse

Failed

elcarle

2 posts

Posted by elcarle > 2024-08-08 10:31 | Report Abuse

Marine & General (M&G) - Cheapest OSV Player on Bursa: The Markings & pathway of a Gem Growth stock

A closed door meeting was held with M&G Senior Management recently along with a follow up Meeting with Investors and its all system go and smooth sailing ahead. Some key takeaways from the meeting:

- ⁠Beneficiary of Petronas Ramp up in Spending and Severe Lack of Vessels in the Market: Charter rates has been trending upwards due to sustained oil prices and ramp up in O&G activities, where demand for Vessels far outstrip the supply available in the market currently. Even ship builders are enjoying brisk business with yard capacities are beyond ordinary times and unable to cope with the demand for new builts. Refer to Keyfield latest announcements on contract wins to get a feel of latest charter rates.

- New orders are forthcoming with at least 8-9 New POV Contracts (In excess of RM500mil worth) expected to be announced soon. Management is cautiously optimistic of its fortune over the next 6 years the least with orders in hand and upcoming orders expected to keep them busy.

- Expansion into the tanker market in Middle East set to come to fruition within the next year with more contracts to be secured in this segment serving from Dubai to markets in India.

Assuming M&G achieves a revenue of RM450-500 million in FY25 with net margins of at least 15-18% (conservative given the higher charter rates the market commands currently) this would result in a net profit of at least RM70-90 million, implying that M&G is trading at an ultra low and extremely undemanding valuation of 3x PE (even on a fully diluted basis, its forward PE is still well below OSV Industry averages of 10-12x, players of which has rallied tremendously over the course of the year with Market Cap exceeding half a billion (M&G is at mere RM239 million) Currently the stock is under-researched with no research coverage.

M&G deserves to be pegged at a PER of 10-12x, given its robust order book and upcoming replenishments along with its expansion plans overseas in the tanker market. With the above PE, it is reasonable to arrive at a fair value range of RM1.10-1.33 (Management and Major shareholder has assured that there wont be immediate dilution from the potential conversion of Preference Shares which will be maturing in the year 2030). From current levels, the upside is easily 3-4x, giving the stock ample room to run and narrow the gap to its implied fair value.

Luka77

7 posts

Posted by Luka77 > 2024-08-08 11:23 | Report Abuse

Cheapest OSV player not M&G la dik

cicakman

7,903 posts

Posted by cicakman > 2024-08-12 17:15 | Report Abuse

Possible RM500 million contract from Petronas.👍

cicakman

7,903 posts

Posted by cicakman > 2024-08-16 17:40 | Report Abuse

Cheapest OGSE M&G then Sealink.

cicakman

7,903 posts

Posted by cicakman > 2024-09-11 17:34 | Report Abuse

Where's everybody ?😃.

DragonLim

412 posts

Posted by DragonLim > 2024-09-11 20:14 | Report Abuse

Last 2 hours increased 4 cents.

mudaBubu

46 posts

Posted by mudaBubu > 2024-09-11 20:18 | Report Abuse

One day show only

cicakman

7,903 posts

Posted by cicakman > 2024-09-12 08:40 | Report Abuse

Stay sideline .
Up or down are daily affair for
investors .
Contra are not encourage.

DragonLim

412 posts

Posted by DragonLim > 2024-09-12 21:52 | Report Abuse

Today is still going up.

Posted by Miguel_Felix > 2 months ago | Report Abuse

Brent went up, got show today?

Posted by money_talk > 1 month ago | Report Abuse

Trump ending the WAR..NO CUMMING!!!

kcliew08

57 posts

Posted by kcliew08 > 1 month ago | Report Abuse

need to run?

cicakman

7,903 posts

Posted by cicakman > 1 month ago | Report Abuse

Moving towards year end value.

cicakman

7,903 posts

Posted by cicakman > 3 weeks ago | Report Abuse

High probability px will move up.O&G don't stand alone to do business.Recomended as investment invest at current low px .

soffone85

59 posts

Posted by soffone85 > 5 days ago | Report Abuse

ia the drop due to QR or due to Petros news?

Posted by youarewelcome88 > 5 days ago | Report Abuse

We should know soon. Seeing selling pressure lately...

kcliew08

57 posts

Posted by kcliew08 > 5 days ago | Report Abuse

终极震仓

cicakman

7,903 posts

Posted by cicakman > 4 days ago | Report Abuse

Let see how tomorrow,FYR very good but before announcements get whack down..😭

Posted by youarewelcome88 > 4 days ago | Report Abuse

@cicakman... Tomorrow M&G Top 50 Volume...

IlmuKhodam

360 posts

Posted by IlmuKhodam > 4 days ago | Report Abuse

Hello.

cicakman

7,903 posts

Posted by cicakman > 4 days ago | Report Abuse

@Your,yesterday vol traded highest 30 days.I m shocked to observed the px movements of a cheap fdmntal stock down for NO good reason to low of 24.5 cts
Now days cannot comments to much cz gurkha snippers will come😎

cicakman

7,903 posts

Posted by cicakman > 4 days ago | Report Abuse

If sentiments are good,it won't be in top vol n definitely sentiments are bad not going to be too.
You see that Astro making big money from FYR, up saja terus kena whack down😂

Anw412

130 posts

Posted by Anw412 > 4 days ago | Report Abuse

QoQ lower -7% which is not really impressive. And the price already move up a lot compared to last year. 4th Qr normally slow biz for M&G because of monsoon etc.

Posted by youarewelcome88 > 4 days ago | Report Abuse

@IlmuKhodam... sudah year-end. Bila mau makan Angin?

cicakman

7,903 posts

Posted by cicakman > 4 days ago | Report Abuse

32.5-33 cts is risky,current still ok especially to invest.It's oversold at RSI 6.30😀

cicakman

7,903 posts

Posted by cicakman > 4 days ago | Report Abuse

Good FYR, kedekut dowan to give dividen,dono to add value, insider'mcm tiang gol kayu.How u expect ppl to invest. moloh betul.😂

cicakman

7,903 posts

Posted by cicakman > 2 days ago | Report Abuse

If business jaga tiang gol jadi goalkeeper n fullbacks how to stcore.If NO balls,how to play football 🤣.

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