MUAR BAN LEE GROUP BERHAD

KLSE (MYR): MBL (5152)

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Last Price

0.42

Today's Change

+0.005 (1.20%)

Day's Change

0.42 - 0.42

Trading Volume

6,000


7 people like this.

1,808 comment(s). Last comment by alienbiru 1 month ago

yrhc_eht

25 posts

Posted by yrhc_eht > 2023-06-24 22:23 | Report Abuse

May i ask what is the warrant about? Is existing shareholders automatically entitle? How to exercise?

Posted by Believe3222 > 2023-06-27 16:44 | Report Abuse

Kindly be advised that MBL’s 113,767,950 Warrants-B issued pursuant to the Bonus Issue of Warrants-B will be admitted to the Official List of Bursa Malaysia Securities Berhad and the listing and quotation of the Warrants-B on the Main Market will be granted with effect from 9.00 a.m., Wednesday, 28 June 2023.

Peace99

2,263 posts

Posted by Peace99 > 2023-06-28 09:46 | Report Abuse

yrhc, "Is existing shareholders automatically entitle? How to exercise?"
Yes, and the exercise price is 50sen/warrant. Expire 2028

Peace99

2,263 posts

Posted by Peace99 > 2023-07-08 10:32 | Report Abuse

RIP Datuk Chua Ah Ba 🙏

yrhc_eht

25 posts

Posted by yrhc_eht > 2023-07-15 16:03 | Report Abuse

Peace99. How to exercise? Need wait until 2028?

Posted by Believe3222 > 2023-07-21 09:09 | Report Abuse

exercise what bird? can direct sell on open market. Day one listing i already dump all warrants

yrhc_eht

25 posts

Posted by yrhc_eht > 2023-08-30 19:51 | Report Abuse

Haha @believe3222.
Haiz this counter earn so much but never declare dividend

stncws

10,545 posts

Posted by stncws > 2023-09-05 11:54 | Report Abuse

today got movement....double check

Peace99

2,263 posts

Posted by Peace99 > 2023-09-12 00:06 | Report Abuse

@yrhc_eht sorry, just asked my broker how to convert, and was informed to email to general@plantationagencies.com.my
Not in rush to do so yet.

ElijahYH

233 posts

Posted by ElijahYH > 2023-10-13 11:13 | Report Abuse

This plantation counter is quite cheap, only traded at 2.09x PE. Can give it a try

11wenhao11

317 posts

Posted by 11wenhao11 > 2023-10-13 12:25 | Report Abuse

MBL certainly is undervalued now, especially given the looming El Nino-driven palm oil trends

https://www.cbsnews.com/news/el-nino-continue-spring-2024-forecast-climate-predict-noaa-national-weather-service/

Aubree

175 posts

Posted by Aubree > 2023-10-13 16:01 | Report Abuse

this company also had a consistent dividend payout pattern before the Covid-19 era. High probability that they'll resume their dividend distributions in this post-pandemic phase. Stay tuned, folks

ChandranG

330 posts

Posted by ChandranG > 2023-10-16 10:22 | Report Abuse

This company deserves more attention as it's cheap and also it has consistently made profits for the past quarters.

MikeyChan

263 posts

Posted by MikeyChan > 2023-10-16 11:14 | Report Abuse

No need to say MBL is a net-cash company with that amazing performance

ElijahYH

233 posts

Posted by ElijahYH > 2023-10-16 11:54 | Report Abuse

if got free cash, can tap in some and wait for good dividend as well as capital appreciation 🤗

11wenhao11

317 posts

Posted by 11wenhao11 > 2023-10-17 09:12 | Report Abuse

Don't forget MBL is traded almost 50% lower than its current NTA (0.93 cents). Lelong price still

ryoyagod

146 posts

Posted by ryoyagod > 2023-10-17 10:51 | Report Abuse

Trading volume is surging, something good is brewing behind it? 😁

ChandranG

330 posts

Posted by ChandranG > 2023-10-17 13:43 | Report Abuse

Certain high-profile people are collecting, I guess.

Aubree

175 posts

Posted by Aubree > 2023-10-18 08:35 | Report Abuse

SINGAPORE, Oct 17 (Reuters) - Malaysian palm oil futures rose on Tuesday to a near three-week high on stronger exports and Chinese demand, although easing crude oil prices capped gains.

The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange rose 19 ringgit, or 0.5%, to 3,799 ringgit ($802.83) a metric ton at midday trade, on course for a fourth consecutive session of gains.
Exports of Malaysian palm oil products for Oct. 1-Oct. 15 rose 5.6% from Sept. 1-Sept. 15, independent inspection company AmSpec Agri Malaysia said on Sunday.

Another cargo surveyor Intertek Testing Services said that exports rose 7.3%.

Malaysia has maintained its November export tax for crude palm oil at 8% and lowered its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday.

Major importer China's active purchasing for reserve restocking has also contributed to price increases, said Mitesh Saiya, trading manager for Kantilal Laxmichand & Company Mumbai.

However, there is a note of caution as the winter season approaches as palm oil consumption is expected to decrease, he said. Palm oil crystalises and turns cloudy in the cold, which affects the perception of oil quality and consumption.
Dalian's most-active soyoil contract DBYcv1 rose 0.6%, while its palm oil contract DCPcv1 was up 0.1%. Soyoil prices on the Chicago Board of Trade BOcv1 rose 0.3%.

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

Further underpinning prices, Southern Peninsular Palm Oil Millers Association data showed production in the first half of October fell by 0.73% month-on-month, LSEG Agriculture Research said in a note late Monday.

Oil prices fell slightly on Tuesday after a more than $1 slide on Monday amid hopes the United States would ease sanctions on producer Venezuela and as Washington stepped up efforts to prevent an escalation of the Middle East violence. O/R

Weaker crude makes palm a less attractive option for biodiesel feedstock.

11wenhao11

317 posts

Posted by 11wenhao11 > 2023-10-18 16:13 | Report Abuse

El Nino phenomenon will further boost the CPO price and the demand of palm oil

MikeyChan

263 posts

Posted by MikeyChan > 2023-10-18 17:00 | Report Abuse

Better accumulate while it's traded at low PE and cheap

ChandranG

330 posts

Posted by ChandranG > 2023-10-19 09:54 | Report Abuse

Malaysian palm oil edges up as demand picks up

https://www.hellenicshippingnews.com/malaysian-palm-oil-edges-up-as-demand-picks-up/#google_vignette

Harim99

130 posts

Posted by Harim99 > 2023-10-19 11:54 | Report Abuse

sektar perladangan akan naik lagi kerana peperangan dan cuaca yg tertentu

ryoyagod

146 posts

Posted by ryoyagod > 2023-10-19 16:05 | Report Abuse

0.48 - 0.49 is a low-risk region to accumulate

ElijahYH

233 posts

Posted by ElijahYH > 2023-10-20 09:31 | Report Abuse

Gradually shooting up from RM3.5k per ton and just a matter of time for CPO price to hit RM4k

https://mpoc.org.my/daily-palm-oil-price/

MikeyChan

263 posts

Posted by MikeyChan > 2023-10-20 11:57 | Report Abuse

Pick up at 48 cents 😋 Nice and 'juicy'

Aubree

175 posts

Posted by Aubree > 2023-10-20 15:21 | Report Abuse

really a lelong price for MBL today, don't miss out the opportunity to collect it at cheap cheap price

11wenhao11

317 posts

Posted by 11wenhao11 > 2023-10-23 15:13 | Report Abuse

cheap sale and lelong sale at 47 cents and you don't wanna miss it

ryoyagod

146 posts

Posted by ryoyagod > 2023-10-23 16:44 | Report Abuse

Opps, now it even getting cheaper...

MikeyChan

263 posts

Posted by MikeyChan > 2023-10-23 17:01 | Report Abuse

No worries, this company is fundamentally strong and will continue to make profits for the following quarters. Hence, we can expect good dividend from it as well

Harim99

130 posts

Posted by Harim99 > 2023-10-24 09:56 | Report Abuse

Harga minyak sawit mentah (MSM) dijangka melangkaui RM4,000 satu tan pada 2024 kerana fenomena El Nino

https://www.bharian.com.my/bisnes/lain-lain/2023/10/1160947/minyak-sawit-boleh-cecah-rm4000-satu-tan-semula#google_vignette

ChandranG

330 posts

Posted by ChandranG > 2023-10-24 12:03 | Report Abuse

Just accumulate while it's undervalued and extremely cheap right now

ChandranG

330 posts

Posted by ChandranG > 2023-10-24 12:04 | Report Abuse

it will shoot up high and fast 🚀 given its NOSH is very low

Michael Kwok

6,280 posts

Posted by Michael Kwok > 2023-10-24 12:10 | Report Abuse

Are u sure it will up.probably down.
Price 46 cents
Tp 30 cents range
24/10/23 12.10pm
Posted by ChandranG > 4 minutes ago | Report Abuse

Just accumulate while it's undervalued and extremely cheap right now

ElijahYH

233 posts

Posted by ElijahYH > 2023-10-25 09:37 | Report Abuse

Be patient, it might move up when Q3 is out next move and I estimated that result will outperform Q2

ChandranG

330 posts

Posted by ChandranG > 2023-10-25 10:43 | Report Abuse

CPO price will break 4k per MT, you still think it will go down!?

Posted by Michael Kwok> 22 hours ago | Report Abuse

Are u sure it will up.probably down.
Price 46 cents
Tp 30 cents range
24/10/23 12.10pm

Aubree

175 posts

Posted by Aubree > 2023-10-25 12:46 | Report Abuse

Don't mind, people hold their own views on the share price movement based on their own technical analysis. Btw, most of his tp estimations are not accurate one. Ha

MikeyChan

263 posts

Posted by MikeyChan > 2023-10-26 09:54 | Report Abuse

El Nino is happening and it's estimated that it will last until 2024. Hence, it's favorable to palm oil, oil and gas price

https://theedgemalaysia.com/node/687324

11wenhao11

317 posts

Posted by 11wenhao11 > 2023-10-26 13:51 | Report Abuse

Queuing at 45.5 cents to tap in a bit again 🤓

Harim99

130 posts

Posted by Harim99 > 2023-10-26 16:21 | Report Abuse

kumpul saja kerana ia sgt sgt murah dan berisiko rendah

ryoyagod

146 posts

Posted by ryoyagod > 2023-10-27 09:27 | Report Abuse

I predict the buying volume will increase tremendously when it declares dividend. ha

ElijahYH

233 posts

Posted by ElijahYH > 2023-10-27 10:24 | Report Abuse

Believe so as MBL stopped declaring dividend after outbreak of pandemic

Aubree

175 posts

Posted by Aubree > 2023-10-27 14:14 | Report Abuse

it will announce an interim dividend when its q3 result is released I guess

ChandranG

330 posts

Posted by ChandranG > 2023-10-30 10:04 | Report Abuse

See, still holding up strong at above 40 cents and doesn't slide to 30 cents range like someone said 🙃

11wenhao11

317 posts

Posted by 11wenhao11 > 2023-10-30 11:41 | Report Abuse

not gonna happen for it to dip below 0.40 as MBL is going to show us excellent qr next month

ryoyagod

146 posts

Posted by ryoyagod > 2023-10-31 11:40 | Report Abuse

No worries, it's just 3% on palm oil prices above RM3k per ton in Peninsular Malaysia and above Rm3.5k per ton in Sabah and Sarawak

Harim99

130 posts

Posted by Harim99 > 2023-10-31 13:36 | Report Abuse

tak ade masalah utk syarikat tunai bersih ini. bayar tax saja. jeje

Aubree

175 posts

Posted by Aubree > 2023-10-31 16:15 | Report Abuse

Malaysia plans cooperation with foreign scientists to improve palm oil image. Quite interesting

https://theedgemalaysia.com/node/688215

ChandranG

330 posts

Posted by ChandranG > 2023-11-01 10:05 | Report Abuse

Q3 is going out end of this month. Let's look forward MBL will announce dividend 😀

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