Posted by SeekUndervalued > 2023-12-22 15:40 | Report Abuse

What comes to consumers mind when purchasing Perodua is affordable, and also the fuel consumption. I don't think Perodua will close shop due to this news affecting Daihatsu. Same goes for Toyota/Daihatsu. Toyota is the largest market cap in Japan, if they close shop, the whole of Japan will be affected. Not only Toyota is the largest market cap in Japan, they are also the largest car manufacturer in the world. The effects on Daihatsu/Japan will be temporarily as they are resolving this issue right now. Even there is halt of production in Perodua, the demand will outstrip the supply in short/medium term. When that happens, I think everyone will know what will happen as in economic principles. In my personal view, MBMR fundamental is still intact as they are also selling other brands as well such as Volvo, VW, and others. Not only that, they are in other businesses as well such as manufacturing of wheels, etc. I believe it is a bad idea to rush to sell its shares now due to this news. I think MBMR is still undervalued at this moment, and I won't hesitate to collect more when I have available fund.

Posted by dawchok > 2023-12-22 15:50 | Report Abuse

Just buy at dip. Believe none of the prospective buyers take clue of the Daihatsu issue and switch to other brand. This type of issue and recall happened and resolved every year in car industry.

Posted by Hush77 > 2023-12-22 16:17 | Report Abuse

Accumulate

Posted by SeekUndervalued > 2023-12-22 18:23 | Report Abuse

Hush77 Good decision to accumulate. I would also accumulate as well if I have the fund.

Posted by abc333 > 2023-12-22 20:15 | Report Abuse

told you those panic sell will regret.

Posted by GLNT > 2023-12-22 22:53 | Report Abuse

https://english.kyodonews.net/news/2023/12/18cc294c967f-daihatsu-resumes-auto-shipments-in-indonesia-amid-safety-scandal.html

Posted by GLNT > 2023-12-22 22:54 | Report Abuse

Malaysia's turn to resume once govt gives the green light? Haha

Posted by Ayong21 > 2023-12-23 02:54 | Report Abuse

Wow, seems nobody cares about the safety issue. It's true that for perodua, price and fuel savy come first, safety is last and doesn't matter at all. Guess it's time to open margin and all in now, if not there is no chance to up car anymore.

Posted by super911 > 2023-12-23 16:47 | Report Abuse

It's not the cars that are having problem, just the test not done according to standard. So I think Perodua business will continue as usual.

Posted by sooncy8 > 2023-12-26 15:48 | Report Abuse

https://paultan.org/2023/12/26/daihatsu-to-halt-all-production-in-japan-until-end-jan-2024-perodua-production-reported-to-have-resumed/

Posted by sooncy8 > 2023-12-26 15:48 | Report Abuse

没有事情了。

Posted by fcwong > 2023-12-26 21:06 | Report Abuse

https://english.kyodonews.net/news/2023/12/d58248389486-daihatsu-suspends-all-plants-in-japan-due-to-safety-test-scandal.html

Leave the stock temporary, will be back once this issue settle.

Posted by SeekUndervalued > 2023-12-26 23:18 | Report Abuse

"The company subsequently decided to stop all shipments both in and outside Japan, though they have resumed in Indonesia and Malaysia after the countries' government regulators approved continued sales" by Kyodo News. Perodua production will continue as expected. Those that sell cheap that day really feel regretted I assume.

Posted by GLNT > 2023-12-27 07:21 | Report Abuse

fcwong, if you wait until the issue is settled, share is already breaching new highs.

Posted by Paul Tan > 2024-01-02 15:42 | Report Abuse

still dropping 🤷🏻‍♂️

Posted by SeekUndervalued > 2024-01-02 16:09 | Report Abuse

Dropping because of new CEO?

Posted by WannaBeTechAnalyst > 2024-01-02 16:42 | Report Abuse

I think the dropping because the new appointed CEO has lesser experience in automotive business as compared to previous CEO which has vast experience in automotive background; or maybe the new CEO news bring back out the Q3 report gains boosted by land sale which happened in Nov'23; maybe no-fact checker just panic sell.

https://theedgemalaysia.com/node/695764

Posted by Hush77 > 2024-01-02 16:46 | Report Abuse

business as usual. the previous CEO already inform few months back that he is leaving.
New CEO has experience in M&A. So he might be able to unlock value of this hidden gem..

Posted by SeekUndervalued > 2024-01-02 17:09 | Report Abuse

The new CEO has a bachelor of arts in engineering and a masters in engineering from the University of Cambridge, UK so I presume he should be okay. Engineering and automotive should be related directly or indirectly with each other.

Posted by WannaBeTechAnalyst > 2024-01-02 17:35 | Report Abuse

Anyway it could be profit taking for swing trader but the drop is minor. Managed to exit before the panic kicks in and accumulate back at RM4.16 seeing the sellers are losing momentum but.. I could be wrong then buys more at lower price ~

Posted by Paul Tan > 2024-01-02 20:27 | Report Abuse

2024 perodua plans https://paultan.org/2024/01/02/perodua-in-2024-d66b-suv-to-be-first-hybrid-aruz-facelift-myvi-g3-turns-7-is-it-time-for-another-update/

Posted by GLNT > 2024-01-04 12:19 | Report Abuse

EPF blocking again? Yawn....

Posted by Amazonboy > 2024-01-04 13:23 | Report Abuse

Sugar in d engine...can go up...Lol

Posted by SeekUndervalued > 2024-01-04 15:53 | Report Abuse

@Amazonboy, of course can go up. You know the title “King of the Road in Malaysia” belongs to which brand or not. Hahaha. Awaiting for the next dividend from MBMR.

Posted by Hush77 > 2024-01-04 17:17 | Report Abuse

Maybe takeover offer "akan datang"

Posted by DividendGuy67 > 2024-01-04 19:47 | Report Abuse

MBMR closed 4.30. +2.38%. Thanks to MBMR, TENAGA, MAYBANK and 24 other green stocks offsetting 11 red stocks, my portfolio made new all time high again today!

Posted by SeekUndervalued > 2024-01-04 22:11 | Report Abuse

@Hush77, so fast takeover offer "akan datang"? I still haven't eat enough the dividend... Unless the takeover offer is very attractive. What is your forecast for the "takeover offer"? RM 5.50?

Posted by Hush77 > 2024-01-05 08:59 | Report Abuse

"Kenanga favours MBM Resources Bhd in the sector, with a TP of RM5.50, for its exposure to the economical Perodua brand and the stock’s 11% dividend yield. "

Posted by Paul Tan > 2024-01-16 17:52 | Report Abuse

case closed, affected model is granmax pasar malam pickup truck

perodua models not affected

https://paultan.org/2024/01/16/daihatsu-procedural-irregularities-rectification-order-issued-3-vehicle-type-approvals-revoked/

Posted by Paul Tan > 2024-01-17 11:54 | Report Abuse

perodua ev coming

https://paultan.org/2024/01/17/perodua-d01d-ev-production-scheduled-to-start-in-late-2025-working-with-partner-on-prototype-zafrul/

Posted by SeekUndervalued > 2024-01-18 16:57 | Report Abuse

Very strong foundation at the 4.29 and 4.30. Very stable.

Posted by ks5S > 2024-01-18 18:50 | Report Abuse

https://focusmalaysia.my/perodua-collabs-with-international-partner-to-develop-affordable-evs/

Posted by Paul Tan > 2024-01-23 10:19 | Report Abuse

finally some movement today after barcoding for so long

Posted by QQQM99 > 2024-01-23 10:29 | Report Abuse

Any good news coming?

Posted by Lyo82 > 2024-01-24 13:57 | Report Abuse

No bad news is a good news.

Posted by Paul Tan > 2024-01-31 14:16 | Report Abuse

japan resume production liao https://www.daihatsu.com/news/2024/20240130-4.html

Posted by Diamond7 > 2024-02-02 13:56 | Report Abuse

Trending up up again!

Posted by Paul Tan > 2024-02-02 14:33 | Report Abuse

its quarterly report month, people FOMOing hehe.

Posted by Hush77 > 2024-02-05 09:33 | Report Abuse

it punch through upper resistance.... more to come...

Posted by Paul Tan > 2024-02-05 14:34 | Report Abuse

did we hit all time high briefly?

Posted by DividendGuy67 > 2024-02-05 21:45 | Report Abuse

Yes it did. All time high. Looking good.

Posted by DividendGuy67 > 2 months ago | Report Abuse

MBMR closed 4.66, making new All Time High again today.
Thanks to MBMR, MAYBANK, FPI and other stocks, my portfolio also made new all time high again today.
Thank-you Mr Market!

Posted by Paul Tan > 2 months ago | Report Abuse

price dropping, people scared to hold through earnings ah?

Posted by geary > 2 months ago | Report Abuse

MBMR...added average @4.00...rationally should be around #5.00/5.50.🤓

Posted by PureInvest > 2 months ago | Report Abuse

Just reported (according to MAA):

Jan'23 all new car sales - 50,168 units.
Jan'24 all new car sales - 65,499 units (Higher than Year'23 sale figures).
Feb'24 all new car sales - Expected to be lower due to shorter number of days & Chinese New Year).
Dec'23 all new car sales - 78,398 units (Generally, it is higher due to year-end sale promotions).

From the reported figures, companies should be reported to still continue to do well.

Posted by yilonma > 2 months ago | Report Abuse

Dividend announcement next week!
2022 - 28 cents @ RM2.80 average = ~10% pa
2023 - 66 cents @ RM3.60 average = ~18% pa

Posted by Paul Tan > 2 months ago | Report Abuse

when announcement

Posted by yilonma > 2 months ago | Report Abuse

Announcement is due 29 Feb if you search for MBMR https://klse.i3investor.com/web/financial/quarter/upcoming
But quite scary, seeing the number of people selling

Posted by keithtrade > 2 months ago | Report Abuse

Some insiders got word result is disappointing maybe?

Posted by alibiii > 2 months ago | Report Abuse

result good but no dividend