shark has going inside to boost up...especially waiting their qtr rslt whether its profit or not. If post loss possible it going down pretty fast. but if profit.... definitely going limit up....60 very fast.
This is a company who had barely made any profit for the whole of FY18 with total PAT of only RM500k. If you think that FY19 would be different, please take note that the company results for FY17, FY16 and FY15 was RM500k, -RM5.3mil and -RM2.5mil respectively. The company has never been able to deliver substantial enough profit to its shareholder for the past 4 years. A more probable result would most probably be a very small profit or a loss for FY19. Management gloomy outlook views (as noted in 4Q18 report) just reinforce the potential below par result expected in FY19.
MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.6x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.
FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).
MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.5x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.
CalvintanKuKu's big lemons of 2019 : Penergy, Asiapac, Insas + many others LOL!
My big recommendations KKB & WTK still up 20%-30% despite the worldwide market slump recently. Now I know why other forumers call him calvinTINKOSONG WahahaHAHAA!!
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....
kyosan
786 posts
Posted by kyosan > 2018-06-18 14:12 | Report Abuse
big pocket surely like current price...0.265...someone averaging from high 0.30.?