Posted by fishbone > 2013-05-25 23:12 | Report Abuse

Paying 2.5 sen dividend in june and 3 sen in july - total 5.5 sen

Posted by phyroxus > 2013-05-28 10:02 | Report Abuse

going to sleep again ZZzzZZ

Posted by Frank Soweto > 2013-05-28 10:06 | Report Abuse

haha bear market also tidor,bull market also tidor how about change name to MudaTidor?

Posted by kuengkucheng > 2013-05-28 20:18 | Report Abuse

planting seed for so long,....never can see good harvest. got hope or not...

Posted by imoogi99 > 2013-05-28 22:54 | Report Abuse

Need to resolve their coal issue in India and it will fly or else too heavy to fly.

Posted by yfchong > 2013-05-28 22:59 | Report Abuse

2.50 should be good support......

Posted by lawrencelim > 2013-05-28 23:23 | Report Abuse

it should rise back to RM2.75 in these few days, this is the point before the general market selldown on last wednesday.

Posted by lawrencelim > 2013-05-29 09:43 | Report Abuse

buying momentum is good...

Posted by phyroxus > 2013-05-29 09:59 | Report Abuse

nearly want fade up sell, let see how...

Posted by phyroxus > 2013-05-29 20:23 | Report Abuse

not even can sustain

Posted by phyroxus > 2013-05-30 09:45 | Report Abuse

mudah jatuh now

Posted by lawrencelim > 2013-05-31 10:22 | Report Abuse

http://economictimes.indiatimes.com/news/news-by-industry/energy/power/cil-board-approves-signing-fsa-with-power-companies-without-ppas/articleshow/20348495.cms

Posted by allan88 > 2013-06-01 11:20 | Report Abuse

Seeking advise.. This counter will probably be just within range bound until the India power generation start to provide the constant revenue stream by end of the year, then will see re-rating. As an investor, do you see it worth to hold on to it patiently till end of the year? Or just move to other counter instead and forget about the long term play. The consolation is that it still offer 3+% dividend yield.

Posted by lawrencelim > 2013-06-01 11:56 | Report Abuse

If the other counter offer better return in the short to medium term, you may consider to shift. As an investor you have to believe in yourself and make your decision based on reasonable facts.

Posted by kuengkucheng > 2013-06-03 11:05 | Report Abuse

all gone up...MJ down...no hope

Posted by lawrencelim > 2013-06-03 12:12 | Report Abuse

Why MJ move up today morning? any news?

Posted by slf88 > 2013-06-03 12:23 | Report Abuse

wow 2.70 sudendly..

Posted by Chu Leong Lee > 2013-06-03 14:49 | Report Abuse

Breakout

Posted by j harcharanjit a/l jalaur singh dhillon > 2013-06-03 15:11 | Report Abuse

ya why it is moving any news on the indian project,,maybe moving smoothly

Posted by Chu Leong Lee > 2013-06-03 15:16 | Report Abuse

It have to move first, by new release then it is too late....

Posted by kuengkucheng > 2013-06-04 22:24 | Report Abuse

the fact is there is no fact of any indian stories...no need to guess...finally nothing move ...

Posted by smallfish > 2013-06-06 14:00 | Report Abuse

Does anybody know how much is the recurring earnings that is supposed to be generated from the 26% stake in the India power plant after the project is completed?

Posted by lawrencelim > 2013-06-06 17:15 | Report Abuse

Based on CIMB recent analysis report. 18% of recurring income and net profit of RM385million is estimated for financial year 2015. The total recurring income by the time should be RM69million per year. Recurring income for year 2013 is about 15.5% and net profit is estimated to be RM217million. The current recurring income is about RM33.6million per year. The incremental recurring income per year should be around RM35million or RM0.06 per share [RM549million based on the report].

Posted by lawrencelim > 2013-06-06 17:18 | Report Abuse

RM0.06 is also represent about 15% of average earning per year of RM0.40.

Posted by lawrencelim > 2013-06-06 17:21 | Report Abuse

The actual recurring earning from IPP is still uncertain until the term and condition of cost pass through mechanism is approved by authorities in India.

Posted by smallfish > 2013-06-06 19:22 | Report Abuse

Thanks LawrenceLim. I read somewhere the CEO/MD said that in future the recurring income will make up 60% to 70% of the company's earnings. Based on last year's EPS, I thought the EPS from the India IPP would be about 60% x 43 sen = 26 sen. Guess I was wrong.

Is there any other projects in the pipeline that will produce recurring income? I just wonder why the CEO/MD made the claim about 60% to 70% of earnings will be recurring income.

Posted by lawrencelim > 2013-06-06 22:57 | Report Abuse

In long term, it is the company target to have 60% to 70% recurring income. The company will continue assess project that will contribute to recurring income, like the power plant plan in Myanmar etc. I am sure management will do something on the huge bank balances. It is ever ready to take up profit making project.

Posted by smallfish > 2013-06-07 09:02 | Report Abuse

Thanks. I also hope they bag more projects with recurring income.

Posted by metroview > 2013-06-07 10:11 | Report Abuse

moving now.high vol at 2.68

Posted by kai8994 > 2013-06-07 15:01 | Report Abuse

I wonder HwangDBS's 'strong conviction buy' on MMC applies to Mudajaya or not...

Posted by lawrencelim > 2013-06-07 15:18 | Report Abuse

http://www.theedgemalaysia.com/highlights/209210-alstom-mudajaya-wins-tg-bin-job.html

Is it related this one?

Posted by kai8994 > 2013-06-07 15:20 | Report Abuse

“We think the market will start looking for new large-cap ideas to continue to ride on the buoyant infrastructure and Iskandar Malaysia themes. With Gamuda and UEM Land Holdings Bhd have already been rerated and over-owned, interest should filter down to MMC,” said the analyst in the note.

Isn't Mudajaya a good construction company as well? It is not related to Iskandar though.

Posted by kuengkucheng > 2013-06-10 00:12 | Report Abuse

not a large - cap.....not eyed

Posted by arv18 > 2013-06-10 04:08 | Report Abuse

Always ask yourself.

Is the CEO and BoD CONSTANTLY LYING to shareholders and Public (MAS & KNM)

Is the Board of Directors overpaid (MISC)?

IF there is a stock market CRASH tomorrow, will I be happy to hold this share long term? (NESTLE)

Am I confident in the ability of the management to continue to execute strategy and pay out a decent dividend? Even in a CRASH situation. (DIGI)

Do I know anything about the business that the company is involved in?

Who are the competitors in the business? Is the business sustainable?

Is earnings LUMPY? Are Forecast ACCURATE? Is there any deviation from AUDITED and UNAUDITED accounts?

Has there been any UNUSUAL MARKET ACTIVITY (UMA)? (JOHAN)

Can I trust these buggers to look after MINORITY shareholders?

Is there any chance of a CASH CALL (RIGHTS ISSUE)? (MAS)

Posted by Lee Meng Fatt > 2013-06-10 08:50 | Report Abuse

Repeating the same comments for many post. This arv

Posted by Lee Meng Fatt > 2013-06-10 08:53 | Report Abuse

There is resistance at rm2.70 for mudajaya... Hope can break this resistances today

Posted by smallfish > 2013-06-10 11:45 | Report Abuse

Is this company in the running for any existing tender? Any upcoming tender?

Posted by smallfish > 2013-06-10 12:06 | Report Abuse

LawrenceLim, I found something interesting. Last paragraph of the article.
"Mudajaya guided share of profits to the tune of RM100 million per annum from its 26 per cent stake in RKM Powergen upon full commissioning."

Read more: http://www.theborneopost.com/2013/02/01/mudajaya-bags-rm1-billion-in-new-contract-wins/#ixzz2VmbUgNmv

RM100 million / 550 million shares = about EPS RM 0.18.
Earlier you stated is about RM 0.06. May I know your source?

Posted by slf88 > 2013-06-10 12:28 | Report Abuse

last week 2.6 million share block at 2.68, this week 1.5 million share block at 2.7....

Posted by lawrencelim > 2013-06-10 13:01 | Report Abuse

I calculate it from the CIMB analyst report.

Posted by smallfish > 2013-06-10 13:59 | Report Abuse

I couldn't the figures in CIMB report. However, the CIMB analyst calculated the Fair Value of the 26% stake based on 20 years discounted cash flows is RM494.7 mil. This is about RM0.99 per share.

http://cdn1.i3investor.com/my/files/dfgs88n/2013/05/22/1478426045--2093584684.pdf

I found in RHB report the profit of about RM88 mil. This would translate to about EPS RM0.15 just for the IPP.

http://cdn1.i3investor.com/my/files/dfgs88n/2013/05/15/1478400220-724285297.pdf

If FV = RM0.99, and EPS = 0.15, then P/E = 6.6
This is very low P/E for a recurring income. Either the FV is too pessimistic, or the EPS is overly optimistic. Possibly the low P/E is to reflect the risk in the India project. After the project is completed and the powerplant starts operation then probably the P/E might adjust higher.

Posted by Pendrive King > 2013-06-10 16:20 | Report Abuse

TP = RESISTANCE = RM2.80

Posted by smallfish > 2013-06-12 16:53 | Report Abuse

This stock is looking more and more like a value trap. My paper loss is piling up.

Posted by moneyking96 > 2013-06-12 18:32 | Report Abuse

Really shit on this stock

Posted by lawrencelim > 2013-06-13 15:55 | Report Abuse

There is consistent share buy back last 2 days at 2.63 to 2.66. This should be a good support level for the stock.

Posted by slf88 > 2013-06-13 16:24 | Report Abuse

the company itself also buy back at this level la...

Posted by kevin5059 > 2013-06-13 21:46 | Report Abuse

Last time the company consistently buy back until the price dropped to 2.36. Don know still got chance to get this type of special discount or not.

Posted by pandarian > 2013-06-14 13:31 | Report Abuse

to all pro up there, i am a newbie here... can i knw 15% dividend is how to calculate?

Posted by smallfish > 2013-06-14 14:21 | Report Abuse

15% x Par value.
Par value is RM0.20 per share.
So 15% x RM0.20 = RM0.03 dividend per share.

Posted by pandarian > 2013-06-14 14:35 | Report Abuse

so which means one lot is equal to RM 30 ~ got it smallfish...thanks ya ^^