Posted by masline > 2013-01-10 10:26 | Report Abuse

Rich value if purchase recently. Try to purchase at RM0.310. Keep & hold tight. Fantastic returns on investment,in a matter of 1-2 years duration. If you observe the daily "parking prices & volumes", it signify Big Boys are accumulating this stock at dip

Posted by masline > 2013-01-10 10:27 | Report Abuse

I means MBL-WA

Posted by masline > 2013-01-10 10:41 | Report Abuse

Siva: Don't invest on hope. Invest on calculated Risk & Reward Ratio. The lowest MBL-WA can decline is another 3-4 sens. If it reached the average price target specify by I3investor [MBL:RM1.40], then MBL-WA shall advance to RM0.67+- absolutely

Posted by Tan Jackson > 2013-01-15 06:27 | Report Abuse

MBL-WA seem reach a bottom of 30C best buy for all

Posted by margaret ko > 2013-01-15 16:30 | Report Abuse

collect some. :)

Posted by Tan Jackson > 2013-01-29 23:12 | Report Abuse

MBL strong grow a good buy counter across the board

Posted by masline > 2013-01-30 18:13 | Report Abuse

Strong growth is unable to over-ride GE sentiment. As such the share price is heading SOUTH. Strong support at 0.80 sens. By then, MBL-WA will be well support at 0.20 sens, is it attractive to lure into buying??

Posted by margaret ko > 2013-02-01 12:58 | Report Abuse

buy abit

Posted by Tan Jackson > 2013-02-27 22:45 | Report Abuse

MBL year end with excellent results

Posted by keringkontang > 2013-02-28 09:20 | Report Abuse

time to buy

Posted by KC Loh > 2013-03-05 12:33 | Report Abuse

This stock is really having its value shining thru! Wish I had bought more!

Posted by KC Loh > 2013-03-08 11:22 | Report Abuse

Hmmm.....also climbing. Regret not buying more

Posted by Fat Cat Tim Buddy > 2013-03-08 11:27 | Report Abuse

fat cat logic is , CPO down, palm oil company down, palm oil machinery company down... lol...

Posted by Hustle > 2013-03-08 11:29 | Report Abuse

Possibly some of the machine damage due to machine gun,that's why MBL have big order now :)

Posted by KC Loh > 2013-03-11 12:34 | Report Abuse

This is getting to be a bit painful to see. Darn darn!

Posted by georgelim > 2013-04-03 17:09 | Report Abuse

Wa, what just happen? Such a strong fundamental stock and it took a hit in price? GE jittery perhaps?

Posted by alenac > 2013-04-03 18:29 | Report Abuse

Not going anywhere as the Palm oil industry is down and will be down further in second half of this year as more oil seeds plantings are being done in S. America as well as soy market is expected to be soft.

Posted by gark > 2013-04-03 19:33 | Report Abuse

Another generalization.. people just don't read.

200-300k ha of palm oil planted per year in 2009 till now when the price is good will start to fruit after 3 years. So with all these newly maturing crop, what to do with it? Throw away or buy machine to process them? Your guess....:P

Posted by alenac > 2013-04-03 21:09 | Report Abuse

Got your point but there are many suppliers of machines and plants in the market, no need to go to this company. CAPEx spending when the plantation got money if not they send them to 3rd parties mills.

Posted by passerby > 2013-04-04 22:09 | Report Abuse

actually 3rd year trees fruit harvest not very significant to my understanding. 5th year onward, the harvest will be significant.

Posted by passerby > 2013-04-04 22:13 | Report Abuse

but really, if you know any new clones or seeds that can produce good harvest after 3rd year planting, please share here. It will be good to know it

Posted by gark > 2013-04-04 22:27 | Report Abuse

Yes 3rd year is new fruiting, approx yield will be between 8 ton per ha. 5th year will be about 15 tpha. 8 years is fully matured excess of 20 tpha.

The reasoning is once a crop is planted you need to process it even though the price is not so good.

Mbl is the leader in kernal crushing plant, not much competitor out there. Even if they send to external mill they still need new mills for new capacity right?

Posted by alenac > 2013-04-04 22:29 | Report Abuse

As far as I know, mills dun spend on Capex to cater to 3rd party fruits.

Posted by passerby > 2013-04-04 22:38 | Report Abuse

it a relief to know that, i thought i got cheated - sweating just now

Posted by gark > 2013-04-05 10:41 | Report Abuse

Alenac,

Your logic is ...

Cannot process your own fruit, cause don't want to spend capex to build mills to process due to soft price.

Cannot send out the fruit to 3rd party mill, cause 3rd party mill won't spend capex to cater for increase capacity.

Each kernel crushing mill can only do so much capacity before require to add machines.

Then throw fruit to where? Into the sea ah? :D

Very good logic...

Posted by gark > 2013-04-05 10:44 | Report Abuse

No matter where the fruit ends up, your own mill, 3rd party mill, your friends mill, your mom's mill, all of them will need new equipment to cater for the increasing amount of fruit coming out of harvest.

If not the mill not enough capacity to process, the fruit will 'rot' and not saleable...

Posted by Siew Jian Bin > 2013-04-10 16:58 | Report Abuse

Any dividend policy from this company?

Posted by hashimsal > 2013-04-10 18:07 | Report Abuse

There's always the demand for new palm oil processing machines for the following reasons:
1. Increasing harvest from the plantation
2. Replacement of aging and non-productive machines
3. Productivity improvement in the palm oil processing and value engineering practices

Posted by sephiroth > 2013-04-16 14:38 | Report Abuse

FY12 profit RM17.12m or 18.62 sen per share = PE 5.4.
Dividend 10 sen single tier (yield of 9.8% and payout ratio of 53% of profit)
Cash and cash equivalent of RM37.09m or 40.3 sen per share
Low debt

Seems good deal to buy at current price

Posted by sephiroth > 2013-04-16 14:56 | Report Abuse

Found a high yield stock on par with presbhd (sold all) in terms of dividend yield and can grab at much lower price at 1.01

Posted by kcchongnz > 2013-04-16 15:28 | Report Abuse

The table below shows how much one earns a year with different measures for having MBL:

Year 2012 2011 2010
EPS, sen 0.186 0.133 0.078
FCF, sen 0.224 0.106 -0.058
Dividend+∂Book value, sen 0.236 0.165 0.077

How do you like a stock, at 1.03 now, earns 18.6 sen, or at a PE ratio of just 5.5. Besides the quality of earnings is high with free cash flow (FCF) at 22.4 sen a share.

A better measure of return could be the dividend received plus the change in book value of MBL at 23.6 sen per share, which is fantastic with the price of MBL at 1.03.

Not forgetting that MBL has been growing its revenue and earnings at very high rate of 46% and 26% a year respectively for the last three years. It has a net cash of 40 sen per share which would guarantee its high dividend payout for the future.

Posted by sephiroth > 2013-04-19 14:45 | Report Abuse

To Sellers, pls sell more, i wanna collect below RM1

Posted by Siew Jian Bin > 2013-04-22 16:16 | Report Abuse

Ok, seem like quite good!

Posted by kcchongnz > 2013-04-22 19:57 | Report Abuse

MBL Vs BoilerMech

MBL’s margins are much better than Boiler as shown in Table 1 below.

Table 1 Margins
Margin MBL BoilerMech
Gross Margin 43% 22%
EBIT Margin 22% 17%
NI Margin 22% 14%

However Boiler has more business than MBL. It has a higher asset turnover and financial leverage than MBL, resulting in its higher ROE of 26.8% compared to 20.8% of MBL. Their return in invested capital are equally high at 35%, about 3 times above the cost of capital as shown in Table 2.

Table 2: ROE and ROIC
MBL BoilerMech
ROA 17.2% 15.9%
ROE 20.8% 26.8%
ROIC 35.7% 35.3%

But which is a better investment? Table 3 below shows the market valuation in term of PE ratio:

Table 3: PE ratio comparison (figures in thousands)
MBL BoilerMech
Price $1.020 $1.240
No. shares 92000 258000
Market Cap. $93,840 $319,920
NI 17126 25058
PER 5.5 12.8

Boiler has more than 3 times the market capitalization of MBL and hence is more liquid. However, the PE ratio of 12.8 is more than twice more expensive than MBL. What about valuation in term of enterprise value?

Table 4: Enterprise valuation comparison (figures in thousands)
MBL BoilerMech
Market Cap. $93,840 $319,920
Total debts 660 1195
Excess cash -37477 -24221
Enterprise Value $57,023 $296,894
EBIT 17121 30036
EV/EBIT 3.3 9.9

Again it is clearly shown in Table 4 that in term of enterprise value over EBIT, Boiler is 3 times more expensive than MBL. So as their ROE and ROIC are quite close, but Boiler is three times more expensive, isn’t it clear which is a better investment, MBL or Boiler?

Posted by Tipster > 2013-04-22 21:25 | Report Abuse

So? Which is a better buy?

Posted by wayne1982 > 2013-04-22 21:26 | Report Abuse

I will choose MBL

Posted by wayne1982 > 2013-04-22 21:28 | Report Abuse

For me, Boilermech has already run up but MBL is still "hiding"...
like KFIMA

Posted by Tipster > 2013-04-22 21:28 | Report Abuse

Are their business cyclical?

Posted by Jian Bin Siew > 2013-04-22 22:19 | Report Abuse

Sephiroth, seem like we are choosing the same share again.

Posted by sephiroth > 2013-04-22 22:22 | Report Abuse

Jian, it's very common to invest in high yield strong balance sheet company, hopefully, this counter will maintain 10 sen or more single tier dividend every yr

Posted by risk averse > 2013-04-23 12:48 | Report Abuse

in term of growth prospect, boilerm is more easy to predict..

Posted by kcchongnz > 2013-04-23 12:56 | Report Abuse

Posted by risk averse > Apr 23, 2013 12:48 PM | Report Abuse
in term of growth prospect, boilerm is more easy to predict..

Why? How much growth? Does it have longer history? What is your rationale? What is the price and worthiness of this projected growth? Please share.

Posted by risk averse > 2013-04-23 13:42 | Report Abuse

sources of growth is from thier newly added plant & facilities, which said to double up thier production and will be fully operational by 1h 2013.

Posted by chieng8182 > 2013-04-23 13:46 | Report Abuse

how about compare to cbip?

Posted by kcchongnz > 2013-04-23 14:01 | Report Abuse

I summarize some of the latest metrics of both cbip and mbl in comparison tables for discussion purpose:

Growth past year
MBL CBIP
Revenue 43% 61%
EBIT 38% 78%
NI 40% 25%
Equity 18% 31%

Profitability
Gross Margin 43.2% 20.5%
EBIT margin 21.7% 17.1%
NI margin 21.7% 16.5%
ROE 22.5% 19.5%
ROIC 35.8% 25.2%

Market stats MBL CBIP
No. of shares 92000 272008
Price 1.00 2.51
Mar Cap 92000 682740
MEV 55183 357091
EPS $0.186 $0.315
P/E 5.4 8.0
MEV/EBIT 3.2 4.0
DY 10% 21.9%

Opinions are highly appreciated

Posted by sephiroth > 2013-04-23 16:07 | Report Abuse

Come on, lower, lower, 0.97 will be great, below 1.00, dividend yield will be 10% and above

Posted by androsjy > 2013-04-23 16:12 | Report Abuse

MBL one year total dividend how many ?

Posted by sephiroth > 2013-04-23 16:15 | Report Abuse

FY11 4 sen, FY12 paid 7 sen, propose another 3 sen

Posted by wayne1982 > 2013-04-23 16:20 | Report Abuse

Watching it.... Come down please ;)

Posted by sephiroth > 2013-04-23 16:26 | Report Abuse

Seems only few ppl willing to sell, just 120,900 shares traded