I am abit confused. This counter hold substantial share in Perodua, which takes up 40% of the car retail market in malaysia. Where is the drop coming from? Purely market sentiment?
Big boys selling, including EPF. Let all who wanna exit just exit fully till no sellers. Better to purge all weak holders fast. I'm happy to get 7% dividend with PE 6x and net cash of 230mil.
Ya, i have done thorough research on this company and see a bright future for this counter. So i am gonna sleep tight and wait for the rollout of perodua suv with a very affordable price.
Do note that despite selling of some shares of epf, epf is still a substantial shareholder of 8% in this counter.
a lot of investor (well, at least those that I personally know...) are holding onto cash and waiting until 31 march for the next move..waiting to see how this MCO is going to affect the sentiments...and also, now not much movement in market, so, status quo for now.
Maintain BUY recommendation on MBM Resources (MBMR) with lower TP of RM4.80 (from RM5.50), based on 15% discount (from 10%) to SOP of RM5.65. MBMR is our top pick for the sector, as the group has a strong balance sheet with net cash position of RM227.8m (58sen/share) to ride through a downturn in the industry. We expect the group to leverage onto the sustaining Perodua sales (driven by facelift Bezza and new D55L Kembara in 2020). Furthermore, Hirotako is expected to provide for Proton’s CKD program (for X50) in 2H20. We expect another 7-10sen final dividend (on top of distributed 13sen interim dividend), making full year dividend of 20-23sen for 2019. We expect similar 20sen and 22sen dividend for 2020 and 2021, yielding attractively at 7.9% and 8.7% respectively.
MCO will be slowly released in stages. Time to accumulate auto stocks. In time like this, Proton and perodua will be the main vehicles that is affordable in the market. Some will switch from big and medium to small economical cars
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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....
Hafid
1,135 posts
Posted by Hafid > 2020-02-27 10:04 | Report Abuse
result no good.