Value Investor , Why u never include those +ve comment ?? hahahaha .... Positives – 1)Cheap valuations. 2)Expansion into vehicle assembly to complete its strategy of becoming an integrated automotive player. 3)Strong sales of Perodua and VW. 4)Weakening Yen against RM.
haha this share is similiar to KPJ...when KPJ expand businesses need more capex... then investor said return slow and share price slipped below RM3...after 2 months it back to 3.900.... lol ....MBMR new plants are ready to generate production that will contribute income... share 390mil compared to KPJ 1bil.... dividend more than KPJ...what next? accumulate at low? jump in when IB recommend to sell... sell when they recommend buy call....choice yours.. :) have a nice day
Latest TP RM4.80(MIDF, Edge 15th Dec). Buy. Axia strong sales and yen collapse is positive for Perodua's earnings. Now trading at 6 times FY15 PER and DY 4.3%, on 20% payout ratio.
I do not know whether this round correction can be the start of the next "super bear" however I am still cautiously optimistic looking forward a KLCI to reach 2000 by next year.The reason is pretty easy,can we see a super bear before a super bull in our previous history?the second is that we could will only see economic burst when oil price is high but do we ever seen an econ downturn when oil price remain low?it is a still no,thus I am encouraging a friends around me to keep on investing and stay positive.I and my team still holding significant stakes (5-13% of paid up) in few of the entities in Bursa and we walk the talk.(Zelan,AWC,Fututec,Gadang,MRCB WA ,BIMB WA,Sona).
Back to MBMR,from my observation most public had quietly forgotten about MBMR after its strong growth past 3 years.However,the recent homework that I am done on MBMR has again spark my eye especially news flow that came out at Nov 19-20,2014 which contains a very positive catalyst for MBMR.Recently MBMR CEO has disclosed its big plan for alloy wheel which I see it can booster.Moreover,the encouraging sales for AXIA will makes MBMR visibility for the next one year is relatively clear.
I do not hold any yet for MBMR but I am focusing on its warrant as we deemed that its restructuring plan for Alloy Wheel will add a fast growth driver for the next 1.5 years.Cheers.I and my team valued MBMR can find its level at RM 3.3-3.5 by next Sept 2015 and giving 15% for its 2.5 years warrant.Cheers
The TP of RM 4-4.80 will be an addition to me as I am looking forward RM 3.3-RM 3.5 within a period of one year (till Dec 2015) and I am putting a 15% premium on its warrant as I stated in the above.Can it be reach?we wait and see and hoping all of us will be benefited from the counter.Cheers.
Water will finds its level.No worry,MBMR's AXIA sales is encouraging and turning around of Alloy Wheel is imminent.We wait and see.Hope All of us will get some fish in MBMR WA.Cheers.
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Vin Cullen
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Posted by Vin Cullen > 2014-08-11 18:45 | Report Abuse
Another PROTON ???
After that takeover by GOV again ? LOL !!