Posted by bojed > 2019-08-27 08:49 | Report Abuse

pang72: We win together like we did in Greatech, Homerich, Dsonic, HTPadu, DRB and now MBMR hahahaha!

Posted by bojed > 2019-08-27 09:23 | Report Abuse

4.27.

Ha wait wait.

Posted by bojed > 2019-08-27 09:42 | Report Abuse

pang72: yes, it has been that way since last week. I bought 2k at 3.46 just before lunch time, and after that is beautiful history.

Posted by bojed > 2019-08-27 09:43 | Report Abuse

Same like yesterday. Looked like no hope, but after lunch time, pushed all the way up to 4.23.

Posted by bojed > 2019-08-27 10:05 | Report Abuse

pang72: let's go to the gym first and chill and relax a bit. Later at 4pm come back again haha

Posted by bojed > 2019-08-27 10:39 | Report Abuse

Profit-taking in commence haha good!

Maybe I can top up more after this.

Posted by rchi > 2019-08-27 12:38 | Report Abuse

hehehe

Posted by rojakmee > 2019-08-27 14:02 | Report Abuse

bought at 2.96 still holding, TP 6.35

Posted by rojakmee > 2019-08-27 14:05 | Report Abuse

seen Pang72 at hengyuan forum, many of his friends are missing from I3

Posted by rojakmee > 2019-08-27 14:53 | Report Abuse

woow

Posted by bojed > 2019-08-27 15:34 | Report Abuse

Looks like maybe 4.3 by Friday pang hahaha it's okay

Posted by bojed > 2019-08-27 16:53 | Report Abuse

Lol so off our target for today pang

Posted by bojed > 2019-08-27 17:11 | Report Abuse

It's okay, as long as make money.

Posted by 4444 > 2019-08-27 17:20 | Report Abuse

6.35 TP tipu punya.

Posted by bojed > 2019-08-27 17:29 | Report Abuse

Hahaha

Posted by stteck > 2019-08-28 07:10 | Report Abuse

https://www.theedgemarkets.com/article/newsbreak-third-national-car-may-see-peroduas-participation

Posted by Abba84 > 2019-08-28 08:34 | Report Abuse

pang72 yes potentially -hopeflly perodua will get the contract to assemble.I see some areas to work out and agree

Posted by Abba84 > 2019-08-28 08:36 | Report Abuse

with Dreamedge on costs designs engineering parts etc

Posted by Sebastian Sted Power > 2019-08-28 09:04 | Report Abuse

not so difficult to understand la. Mahahir said proton is not longer a national car. So he very sad and setup 3rd national car. Proton is China, Perodua is Japan. So you need mahathir prefer who involved for 3rd national car?

Of course Arigato la

Posted by bojed > 2019-08-28 09:34 | Report Abuse

Cominggggg

Posted by bojed > 2019-08-28 11:19 | Report Abuse

pang72: yes I can see that. Today I just want to sleep haha

Posted by bojed > 2019-08-28 14:47 | Report Abuse

Going down la pang hahaha

Posted by commonsense > 2019-08-28 16:08 | Report Abuse

I think some investors just decided to take some profit off the table now.

Even at the current share price, MBMR is still the cheapest auto company in Bursa. Excluding all the non recurring items, the company should be able to deliver a profit to shareholder of between RM200mil to RM240mil per year which translate to a PE of only 6.5x to 8x PE. This is a lot lower compared to the industry average of around 14x to 15x PE.

Other appeal of the company include:

1) Domestic focus. will not be too affected by the current trade war between US and China.

2) Affordable market segment. Especially in an economic downturn, most people would prefer to move to a more affordable option rather than buying higher price foreign made brands ( this also apply to Proton who gain market share at the expense of Honda).

3) Strong balance sheet and cash flow. The company has been able to reduce its debt from a high of RM550mil in FY12 to now only RM150mil. Every year the company generates RM100-150mil in cash from operations and investments.

4) New dividend policy which would ensure steady dividend payment to shareholders. This is especially appealing for yield investors given the current low yield environment. Expect US Fed to lower its benchmark yield again in September. Other central banks including BNM will likely follow suit.

5) Main beneficiaries of any decrease of OPR by BNM ( actually for all auto industries).

6) No more losses from OMIA translating to a potential bump in profit by RM20mil. Will start to see the affect in 3Q19.

7) Contrary to some comments earlier, MBMR actually benefits from the increasing sales of Proton as the company is currently the main auto manufacturer for Proton. If you look at 2019 sales numbers from MAA, Proton increase in sales actually does not affect Perodua as the company under Geely is actually wanting to focus on mid premium price range. The X70 for example is price between RM100k to RM123k vs Perodua Aruz of only RM73k to RM78k. The one that is affected by Proton emergence is actually the foreign brands in particular Honda. Sales drop this year but i suspect its mainly due to lower sales of their CRV due to market preference for the cheaper x70.

Best Regards. And congrats to those that invested earlier especially those that stayed when it fell to below RM2 back in Nov 18.

Posted by AFMGT > 2019-08-28 16:14 | Report Abuse

the great commonsense has spoken. yeah, me too.. keep some, sell some.. this company is awesome.. can go shangrila dinner tonight. huat arr

Posted by pang72 > 2019-08-28 17:04 | Report Abuse

Bojed, no choice la

Posted by pang72 > 2019-08-28 18:22 | Report Abuse

Market very bad.........
Run if no up tomorrow

Posted by Hunter 88 Hunter 88 > 2019-08-29 07:23 | Report Abuse

Buy la.....today up.this stock will be go higher

Posted by jutawansenyap > 2019-08-29 08:30 | Report Abuse

Rm4 is saikologi support. If close higher than rm4 with siqnificant volume, this stock will go higher.

Posted by jutawansenyap > 2019-08-29 08:31 | Report Abuse

All bankers put higher TP for this stock

Posted by jutawansenyap > 2019-08-29 08:32 | Report Abuse

Strategy buy on weakness

Posted by jutawansenyap > 2019-08-29 08:35 | Report Abuse

Yesterday, clever money already collect at 4.05.Watch out either they really can tahan the market.

Posted by Richard Lee > 2019-08-29 08:40 | Report Abuse

only one idiot here sendiri shout buy call then sendiri shout sell call

Posted by jutawansenyap > 2019-08-29 08:43 | Report Abuse

The eps is very great.but the market condition is not so good.but i think, a clever money will play this counter to very high TP in order for them to disposed.

Posted by Richard Lee > 2019-08-29 08:54 | Report Abuse

juta you are definately right! recommend some stock la. I want follow you

Posted by jutawansenyap > 2019-08-29 09:51 | Report Abuse

I'm short term trader only bro Richard. There is no good stock in current market condition although their business is great.

Posted by Hunter 88 Hunter 88 > 2019-08-29 11:15 | Report Abuse

Wahh.....vroom vroom up

Posted by jutawansenyap > 2019-08-29 11:18 | Report Abuse

Hope can closed 4.2

Posted by jutawansenyap > 2019-08-29 12:05 | Report Abuse

I think carimin got 1 day show today/tomorrow.monitor for sudden volume

Posted by jutawansenyap > 2019-08-29 15:21 | Report Abuse

As i said, carimin. Surely fly rocket after 4pm

Posted by jutawansenyap > 2019-08-29 15:22 | Report Abuse

But 1 day show only. Good luck

Posted by jutawansenyap > 2019-08-29 15:33 | Report Abuse

Mbmr is important to maintain above 4.2 as saikologi direction. If above 4.2 with strong support, counter affirmative got short term play.

Posted by jutawansenyap > 2019-08-29 16:36 | Report Abuse

Carimin bought today 0.92 and i sell half.Tomorrow if gap up, we will see 1.02 provided if qr today if keluar is good.

Posted by jutawansenyap > 2019-08-29 16:37 | Report Abuse

Mbmr seller and buyer is sama kuat. As i said important to maintain atas 4.2 in order go higher. Will see back tomorrow.

Posted by jutawansenyap > 2019-08-29 16:59 | Report Abuse

Carimin sold all 0.965

Posted by jutawansenyap > 2019-08-29 21:40 | Report Abuse

Carimin ayoo.. Fly to the moon lorr..

Posted by sell > 2019-08-30 10:20 | Report Abuse

27-Aug-2019 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 131,000 shares on 22-Aug-2019.
26-Aug-2019 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 324,200 shares on 21-Aug-2019.

Posted by bojed > 2019-08-30 10:49 | Report Abuse

Coming :)

Posted by Hunter 88 Hunter 88 > 2019-08-30 11:26 | Report Abuse

Ah pang sudah lari.MBMR mahu terbang haha

Posted by bojed > 2019-08-30 15:04 | Report Abuse

The selling pressure is so real.

Posted by Hunter 8888 > 2019-08-31 07:30 | Report Abuse

U sell i buy don't worry.....give me extra tiket