@ChloeTai because UMW = RM5 at the best, 10% profit for waiting till the completion of take over if everything goes right (minor risk it got cancelled).
last time my experience with mmccorp also about the same situation, privatization price offer is RM2, but price flip flop in between 1.64 -1.95++ from announcement till completion, good thing that I managed trade some in between these price to earn some extra profit.
as for mbmr, the price is still limitless, can also go beyond NTA even without involving just for it's 20% perodua stake
take over of umw by sime just helped to validate the true value of mbmr's 20% perodua stacks here. when the big players trade at that price between themselves, then it is the most reasonable value we can get. big players cannot go wrong with their own valuation
@SincereStock, thanks for your idea of trading the UMW stocks. I am no good in trading stocks. I just limit 100 units per day. If go down, buy 100 units. If go up don't bother.
@ChloeTai you are good. that's the way lo, go down buy, go up sell or don't bother. just as simple as that nothing complicated. but some others especially those so called technical investors like that do it otherwise haha
MBM Resources - New Bookings Top Pre-Pandemic Levels Date: 2023-08-28 Firm: KENANGA Stock: MBMR Price Target: 4.70 Price Call: BUY Last Price: 4.09 Upside/Downside: +0.61 (14.91%) MBMR is optimistic on another record year for Perodua with vehicle sales of 314k units (+11.3%). It is considering switching its dealership business to an agency model to boost margins. Meanwhile, at 35k-40k per month, the new bookings have surpassed pre-pandemic levels. We maintain our forecasts, TP of RM4.70 and OUTPERFORM call. The stock also offers an attractive dividend yield of >10%.
Congratulations Bro Pang! Personally don’t hv good hope on YTL management team. Apartments built by YTL were not up to bar! Water leakage here and there. Sewage system also not good, stinks at times.
Dividend 26 sen is good but the share price will be adjusted down 26 sen. The share price got to climb back 26 sen, then only it is considered free dividend.
With the high interest rate environment and heat up competition among other car markers, it is difficult for Perodua to break the previous peak of car sales… maintaining the old numbers also an issue…
In comparisation with MSM, sugar is a must for everyone, subsidy will be abolished very soon… by then, sleeping also earning money… that’s why heard that Syed going to privatise MSM with the offering price more than NTA 2.07! Privatisation of MSM is easier compared to MBMR lo…
we cannot take MSM to compare with MBMR, they are not in same industry my bro...personally i dont agree that monopoly business is outshine others. MSM pls look at bigger picture, in 10 yrs chart it actually dropped from peak RM4.90 to now RM1.31 ....DY was almost zero since 2017. If really want to just pick 1 stock among 2, i would rather chose MBMR on consistent dividend return. Dont get fooled by the word because it is monopoly so sure better. No such thing
@ James : With the high interest rate environment and heat up competition among other car markers, it is difficult for Perodua to break the previous peak of car sales
Perodua is no.1 in local car market due to affordability and low cost option for public. If high interest rate the one get hit first are probably those higher price car, not the reverse. Difficult economy environment may just boost more sales to Perodua due to the fact our public transport system are not as good as neighbor country.
@ James : Malaysia gov hv no extra money to support another failure of national car industry!
Today the gov is no longer needed to fork out money to support Proton, because it is now under Geely and they are already in profit and record sales with success in X90, X70 and X50. Perodua on the other hand, is top sales for local car brand, they are in huge profit since many years ago. Pls get your facts right.
@ ChloeTai , you can read from the detail on entitlement for dividend.
you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on ex-Date. On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.
once he sold the stocks he never criticize it and is also very gentle in his words / comments...he is super sharp...and have reasonable ethics..and make the forum lively with funny comments..
unlike hng33 who will give super promoting comments as if he will hold in to next 3 years and the next day he will sell and come out with negative comments...anyway, everyone have different strategies...no right or wrong in stock market...its up to them how they survive...
EPF must be thinking current share price is right price and right time to sell. They must be feeling that better dispose early before the news of unsuccessful merging or take over being announced.
Sime Darby will own 50% or more in MBMR..@ nta 5.32...take MBMR private at 5.50 (estimate only) will cost around RM1B+...cheap...35% premium to todays closing price...boleh...Lol
4 possible scenarios 1. MBMR sells P2 stake to UMW/SIME - unlikely, as past attempts has failed, but i doubt MBMR would sell its golden rice bowl no matter the price 2. MBMR bought out by UMW/SIME, taken private - just like what happened to UMW, more likely than 1 but theres no single majority shareholder in MBMR, unless they can come to an agreement 3. stalemate - nothing happens, most likely outcome based on past experience 4. some sort of JV/ agreement to list P2 - i think most people think this is the goal of simedarby as of now, might fall through but will need the consent of the japanese as they hold a significant shares in P2 ~32%
what will actually happen? i dunno, just my 2 cents
the past attempt failed where UMW proposed to acquire mbmr 20% stake in Perodua, it was told that the other Japanese shareholder opposed the proposal as they do not want a single controlling shareholder. This is not because mbmr do not want to sell.
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Posted by James_Bond > 2023-08-28 11:06 | Report Abuse
Papa is filthy rich!