Posted by MasterYoda > 2019-11-08 16:49 | Report Abuse

Ok GLNT,hope the price will crash so i buy low price ;)

Posted by Cakes Moon > 2019-11-11 19:51 | Report Abuse

It is time to move on...

Posted by rojakmee > 2019-11-14 10:07 | Report Abuse

With 60% dividend policy and even if every qtr EPS 10 cents , 24 cents dividend will value MBMR at 24/15 x rm3.93=rm6.29 . That's the minimum might go higher than that.

Posted by rojakmee > 2019-11-14 10:07 | Report Abuse

Some funds collecting smartly

Posted by rojakmee > 2019-11-14 10:50 | Report Abuse

Genting paying 20 cents dividend but value per share is rm6+, maxis paying 18 cents dividend value per share is 5+

Posted by rojakmee > 2019-11-17 10:15 | Report Abuse

https://www.thestar.com.my/news/nation/2019/10/08/ron95-price-to-be-floated

Posted by rojakmee > 2019-11-17 10:16 | Report Abuse

Another 45 days to go for petrol price increase, people will chose cheaper version cars

Posted by rojakmee > 2019-11-18 19:23 | Report Abuse

https://www.theedgemarkets.com/article/lead-story-still-some-power-left-motor-stocks

Posted by Richard Lee > 2019-11-20 08:16 | Report Abuse

recent drop due to people expect a lower QR compare to previous. However cannot compare with previous QR (because there is a one off gain). If this coming QR can achieve about EPS10-12++ good enough.

Posted by keithtrade > 2019-11-21 10:47 | Report Abuse

That makes sense

Posted by rojakmee > 2019-11-21 11:10 | Report Abuse

restatement of UMW financial statement for 2nd qtr of RM27m would not have much effect on MBMR, 27m x 20% =RM5.4m which translate to 5.4/390=0.0138 (EPS of1.38 cents ) only which is less than 2 cents

Posted by Hafid > 2019-11-21 11:26 | Report Abuse

look like today EPF Selling

Posted by GLNT > 2019-11-21 11:33 | Report Abuse

What has umw got to do with mbm?

Posted by rojakmee > 2019-11-21 11:38 | Report Abuse

panic selling by minority shareholder mainly because UMW blunder on 2nd QTR report, EPF not selling below RM4.1

Posted by rojakmee > 2019-11-21 11:40 | Report Abuse

the 27m adjustment does not have much impact to MBMR as explained above

Posted by GLNT > 2019-11-21 11:43 | Report Abuse

Good. To me, no effect of UMW misstatement on MBM statements at all. Time to buy!

Posted by GLNT > 2019-11-21 11:44 | Report Abuse

No relationship between UMW & MBM financial statements coz MBM doesn't hold UMW shares at all. Faint.

Posted by GLNT > 2019-11-21 11:47 | Report Abuse

Approaching SMA100day at RM3.70. Buy!

Posted by andrew_how25 > 2019-11-21 12:04 | Report Abuse

what is the 27m adjustment ?

Posted by GLNT > 2019-11-21 12:24 | Report Abuse

UMW punya pasal. Nothing to do with MBM

Posted by rojakmee > 2019-11-21 13:14 | Report Abuse

I think you are right, FF seem to be dumping both UMW & MMBR

GLNT No relationship between UMW & MBM financial statements coz MBM doesn't hold UMW shares at all. Faint.

Posted by Hafid > 2019-11-21 14:07 | Report Abuse

UMW revises Q2 results
Last update: 20/11/2019
KUALA LUMPUR, Nov 20 -- UMW Holdings Bhd has revised its second quarter (Q2) ended June 30, 2019 results as it had inadvertently omitted an elimination for the reversal of provision for a financial guarantee amounting to RM27 million in the earlier results announcement.

This has given rise to an adjustment being made to the group’s profit before taxation from RM179.1 million, as disclosed in the earlier announcement on Q2 results dated Aug 27 to RM152.1 million under the revised financial results.

In an announcement on Bursa Malaysia today, UMW said relevant consequential amendments to Q2 results have also been made accordingly, where its profit after tax and minority interests (PATAMI) for Q2 2019 is now adjusted from RM84.2 million to RM57.2 million.
We’re cutting you a deal. The Great British Deal.
Sponsored by MINI Malaysia


The Q2 2019 earnings per share was also adjusted from 7.21 sen to 4.90 sen.

“The board, via its Audit Committee, wishes to emphasise that it views the incident seriously and has instructed the management to conduct an in-depth review of all processes to ensure that sufficient controls are in place.

“The management has also taken immediate steps to strengthen the group’s financial disclosures to ensure such incidents do not recur,” the company said.

The company assured that this incident relates to a singular item and does not affect the accuracy of any other published announcements.

“UMW is fully dedicated to its responsibilities as a public listed company and committed to continue upholding best practices in corporate disclosure,” it added.

In a separate announcement, UMW reported a revised Q2 net profit was RM57.19 million compared to RM124.38 million in the same period last year.

Previously, it announced a Q2 net profit of RM84.19 million.

For the six-month period ended June 30, 2019, its net profit was revised down to RM143.69 million from a higher profit of RM170.691 million announced previously.

-- BERNAMA

Posted by Hafid > 2019-11-21 14:07 | Report Abuse

I think will down to 3.50

Posted by rojakmee > 2019-11-21 14:13 | Report Abuse

Luckily got nothing to do with MBMR

Hafid UMW revises Q2 results
Last update: 20/11/2019
KUALA LUMPUR, Nov 20 -- UMW Holdings Bhd has revised its second quarter (Q2) ended June 30, 2019 results as it had inadvertently omitted an elimination for the reversal of provision for a financial guarantee amounting to RM27 million in the earlier results announcement.

This has given rise to an adjustment being made to the group’s profit before taxation from RM179.1 million, as disclosed in the earlier announcement on Q2 results dated Aug 27 to RM152.1 million under the revised financial results.

In an announcement on Bursa Malaysia today, UMW said relevant consequential amendments to Q2 results have also been made accordingly, where its profit after tax and minority interests (PATAMI) for Q2 2019 is now adjusted from RM84.2 million to RM57.2 million.
We’re cutting you a deal. The Great British Deal.
Sponsored by MINI Malaysia


The Q2 2019 earnings per share was also adjusted from 7.21 sen to 4.90 sen.

“The board, via its Audit Committee, wishes to emphasise that it views the incident seriously and has instructed the management to conduct an in-depth review of all processes to ensure that sufficient controls are in place.

“The management has also taken immediate steps to strengthen the group’s financial disclosures to ensure such incidents do not recur,” the company said.

The company assured that this incident relates to a singular item and does not affect the accuracy of any other published announcements.

“UMW is fully dedicated to its responsibilities as a public listed company and committed to continue upholding best practices in corporate disclosure,” it added.

In a separate announcement, UMW reported a revised Q2 net profit was RM57.19 million compared to RM124.38 million in the same period last year.

Previously, it announced a Q2 net profit of RM84.19 million.

For the six-month period ended June 30, 2019, its net profit was revised down to RM143.69 million from a higher profit of RM170.691 million announced previously.

-- BERNAMA
21/11/2019 2:07 PM

Posted by rojakmee > 2019-11-21 15:18 | Report Abuse

foreign Funds has been exiting Malaysia since Mahathir took over, he need to go , he is killing everyone

Posted by Hafid > 2019-11-21 16:19 | Report Abuse

must be big issue

Posted by rojakmee > 2019-11-21 16:47 | Report Abuse

heavy selling by foreign fund, not just MBMR they are running away non stop, check out others

Posted by Sebastian Power > 2019-11-21 17:16 | Report Abuse

EPS14++ well done! Those who sold today balik please tekan your own ball

Posted by jojo85 > 2019-11-21 17:25 | Report Abuse

Mbmr is always mbmr not umw..

Posted by RainT > 2019-11-21 17:29 | Report Abuse

continue to be good result

Posted by GLNT > 2019-11-21 17:32 | Report Abuse

Hahahahaha! Awesome results. TA analyst can go fly kite predicting this quarter's earnings of only 35-45mil, causing many to sell this stock. This quarter's earnings are way better than analyst predicted. Thank you all for selling today!

Posted by rojakmee > 2019-11-21 17:49 | Report Abuse

RM5+ coming

Posted by rojakmee > 2019-11-21 18:08 | Report Abuse

Seem many has sold out hmmmmm

Posted by AFMGT > 2019-11-21 21:10 | Report Abuse

Awesome result! Sale sale sale

Posted by rojakmee > 2019-11-22 08:50 | Report Abuse

petrol price will increase on 1st Jan 2020, good for MBMR since they are in smaller car segment. hope for the best next year.

Posted by rojakmee > 2019-11-22 09:15 | Report Abuse

rm6+ in Jan 2020

Posted by Hafid > 2019-11-22 09:18 | Report Abuse

KUALA LUMPUR: MBM RESOURCES BHD
image: https://cdn.thestar.com.my/Themes/img/chart.png

's earnings should be boosted in the final quarter of the year on the back of year-end sales and the inclusion of the Perodua Axia facelift deliveries, says RHB research.

According to the research house, Perodua has received over 20,000 bookings and delivered 10,400 units of the facelift model since launching it in mid-September.

Meanwhile, MBM's Volvo sales are also expected to do well with its wider range of products at a more competitive pricing.

"We increase our FY19F-21F earnings slightly by 5%, 2% and 2% respectively, imputing a more optimistic margin assumption," said RHB.

It maintained its buy rating on the stock with a target price of RM4.95.

For 3Q19, MBM posted core earnings of RM56.2mil, which was 38.4% higher year-on-year (y-o-y) and 3.6% higher quarter-on-quarter (q-o-q).

With a cumulative 9M19 core net profit of RM151mil, the earnings was within RHB's estimates but above consensus expectations at 75% and 80% of full-year forecasts respectively.

Perodua's associate contribution in the quarter improved 37% y-o-y and 7.9% q-o-q, likely due to higher sales volume and better product mix, said RHB.

The motor trading division also performed better, in tandem with stronger sales volume of MBM related brands, it said.
TOPIC:


Read more at https://www.thestar.com.my/business/business-news/2019/11/22/mbm-resources-may-see-earnings-boost-in-4q#Tc8VvD4F8PECsRHI.99

Posted by GLNT > 2019-11-22 09:21 | Report Abuse

Too cheap. Should be trading above RM5!

Posted by Hafid > 2019-11-22 09:59 | Report Abuse

MBM Resources (MBM) reported another strong set of results – 9M19 core net profit rose by 24% yoy to RM151m on higher revenue (+14% yoy) and higher associates and JV contributions (+25% yoy). we raise our EPS by 23-32% for 2019-21E, and maintain our BUY rating with a higher TP of RM6.00 (from RM4.55). At 6x 2020E PER, MBM’s valuation looks attractive.

Posted by Hafid > 2019-11-22 10:45 | Report Abuse

MBMR coming down.

Posted by GLNT > 2019-11-22 11:10 | Report Abuse

Please sell more.

Posted by rojakmee > 2019-11-22 11:16 | Report Abuse

foreign fund seem to be selling non stop regardless of value, need to wait until selling stop for it to move RM6+

Posted by cchin > 2019-11-22 11:39 | Report Abuse

Good company with good financial results but share price not going up

Posted by rojakmee > 2019-11-22 11:50 | Report Abuse

https://klse.i3investor.com/servlets/ptres/53062.jsp

Posted by Cakes Moon > 2019-11-22 12:10 | Report Abuse

Take profit.

Posted by RainT > 2019-11-22 14:59 | Report Abuse

KLSE pattern is like that

good company but share price not go up

curse on KLSE , i think

Posted by factslim1 > 2019-11-22 15:06 | Report Abuse

MBM Resources Bhd’s net profit rose 46% year-on-year (YoY) to RM55.76 million in the third quarter ended Sept 30, 2019 (3Q19), supported by higher revenue recorded during the period.

The automotive group’s revenue increased 11.6% YoY to RM515.32 million in 3Q19, helped by higher contribution from its motor trading segment.

Revenue from the group’s motor trading segment climbed 12.3% YoY or RM51.2 million to RM468.5 million during the quarter.

Posted by GLNT > 2019-11-22 15:31 | Report Abuse

Good mah. Plenty of opportunities for you to buy in. Beauty of KLSE

Posted by rojakmee > 2019-11-22 15:35 | Report Abuse

Mahathir need to go if KLSE to prosper like before he took over, he and his Muslim agenda not in favour by foreign funds that the main reason they are exiting like never before.


RainT KLSE pattern is like that

good company but share price not go up

curse on KLSE , i think

Posted by rojakmee > 2019-11-22 15:49 | Report Abuse

just wait until Jan 2020, fuel price increase, increase in dividend and also expected better performance for Q4 will push MBMR