Posted by PureInvest > 2 months ago | Report Abuse

MBMR's total EPS for year 2023 is 85.56 ct.
NTA is 5.45.
PE is 5.24.
Bauto's PE is 7.62.
DRBHCOM's PE is 23.57.

Looking at MBMR's non-declaration of dividend for 4th Qtr 2023 may be good in view of the followings:

1. To reflect the real intrinsic value of MBMR, the share price, even if taking Bauto's PE of 7.62, MBMR's share price should be (85.56 x 7.62 = RM6.51).

2. Even, if taking MBMR's PE of 6.5, its share price is (85.56 x 6.5 = RM5.56), which is the IB's Target Price projection of RM5.50 and also it is slightly higher than the NTA of RM5.45.

3. Looking at it, the non-declaration of a decent dividend for 4th Qtr 2023 may reveal many good stories ahead.

Well, we are investing in long term basis because all the business sectors in MBMR are showing excellent business performance and Perodua's cars/vehicles are still the king of the road in view of the followings:

1. SST of 8% will affect more on the higher end car/vehicle prices as SIME is going to announce increase in prices.

2. Perodua cars/vehicles are the best fuel consumption cars/vehicles and loved by Malaysians.

3. And so on.

Posted by Dakewlest > 2 months ago | Report Abuse

Pure invest, Just curious, why no dividend is good?

Posted by ChloeTai > 2 months ago | Report Abuse

Last time got special dividend of 20 sen. But on ex-date, the share price in adjusted down 20 sen and could not recover.

Posted by PureInvest > 2 months ago | Report Abuse

Retained earning increase the Reserve & goes into the NTA and shall be reflected into the share price eventually.

That is my opinion.

Posted by Hush77 > 2 months ago | Report Abuse

ideally the company or ceo should explain why no dividend despite the good results...
or else some investors will be dissapointed

Posted by PureInvest > 2 months ago | Report Abuse

No worry for me, buy on dip for LT investment.

Posted by sooncy8 > 2 months ago | Report Abuse

According to it's dividend policy (60% of net profit), it should have a 12 sens final dividend will be declare later.

Posted by sooncy8 > 2 months ago | Report Abuse

Usually the final dividend will announced on April and pay in June.

Posted by c328 > 2 months ago | Report Abuse

MBMR:
first, second, special (Feb24 > paid at Nov23) and final dividend (Apr24).
as this is company normal practise dividend trend.

Good result is good news compare to market other company.
high chance for good news to announce may be for take over and transfer the shares privatization.

Posted by iscmob > 2 months ago | Report Abuse

I saw the entitlement on my broker app says the past dividend announcements:
First Interim and Special Dividends @22/8/23
Second Interim and Special Dividends @24/11/23
Final Dividend (27/4/23 Previous year)
---
So, the final dividend will be announced by the end of this April.
Pls correct me if I'm wrong.

Posted by keithtrade > 2 months ago | Report Abuse

That's what I am assuming too. Cash in hand now less than previously so would be prudent to wait until April.

Posted by keithtrade > 2 months ago | Report Abuse

Final dividend usually announced late April for payment late June.

Posted by eugenewong794 > 2 months ago | Report Abuse

The cash reserve is going down, also notice after flipping back all 4 qr for 2023 that they are net - ve OCF this year, last year was +ve ocf, might Wana proceed with caution

Posted by PureInvest > 2 months ago | Report Abuse

Kenanga gave a forecast of Outperform/Buy & TP at RM5.80.

TA gave a forecast of Sell & TP at RM4.36.

RHB-OSK gave a forecast of Hold & TP of RM4.10.

AmInvest gave a forecast of Hold & TP at RM4.50.

If you read all their reports, the qualitative comments differ but the quantitative comments are quite the same meaning, how many Perodua cars/vehicles projected sale for year 2024 & 2025 are similar in numbers.

Yes, maybe the difference is +/- 5% to 10%.

But, still Perodua is still going to make immense amount of profits & so is MBMR going to making these immense amount of profits because Perodua cars/vehicles are the No.1 selling cars/vehicles in Malaysia for many years too.

So, if you look their projected TPs from RM4.10, RM4.36, RM4.50 to RM5.80 (Range of RM4.10 to RM5.80 - the difference is 5.80-4.10/4.10 = 1.70/4.10 = 41.46% which is a vast difference.

Moving forward let us see which one of the above esteemed IBs' TP Projection including forecast of "Sell", "Hold" & "Outperform/Buy" is correctly forecasted.

As for me, I tend to take Kenanga's forecast of "Outperform/Buy" with TP of RM5.80 because at EPS of 85.56 ct &
even, if taking MBMR's PE of 6.5, its share price is (85.56 x 6.5 = RM5.56), which is near to Kenanga's TP of RM5.80 and also it is slightly higher than the NTA of RM5.45.

The above is merely based on MBMR's business model & its investment holding in Perodua.

Posted by keithtrade > 2 months ago | Report Abuse

New CEO since January this year may want to make his mark, dividend announcement in April should be for at least 6 sen to bring total for 23 above that for 22 so I guess somewhere between 6 and 12 sen. With current PE of around 6 and yield close to 10% I also have a target price closer to Kenaga's at RM 5.40

Posted by keithtrade > 1 month ago | Report Abuse

Somethings going on. Hold tight for next months announcements.

Posted by investor113 > 1 month ago | Report Abuse

Something is brewing ... Suddenly volume in ^^

Posted by PureInvest > 1 month ago | Report Abuse

KUALA LUMPUR, March 27 ― In a post on X, formerly known as Twitter, Minister of International Trade and Industry Datuk Seri Tengku Zafrul Abdul Aziz said that Perodua has been chosen as the lead car brand to produce affordable Electric vehicles (EV) under the New Industrial Master Plan 2030.

He reiterates that the 2025 timeline for Perodua to produce affordable EVs is still on after meeting with senior Perodua executives, including president and CEO Datuk Seri Zainal Abidin Ahmad, to find out where the company is on their EV development and how the government can help to make the affordable EV dream a success.

Perodua also was reported developing the prototype EV with an international car partner, whose name was not disclosed. It is worth noting that the 2025 timeline for the Perodua EV introduction will be around the time the RM100,000 price cap for imported CBU EVs under Miti’s Franchise AP policy expires.

The company have previously shared a concept design of an EV called the Electric Motion Online (EMO) which was shown as a scale model back in May 2023 at the Malaysia Auto Show 2023. The EMO concept is a Myvi-sized vehicle with a reported 50kWh battery, with a range of 350 km on a single charge.

The question is ― where is Proton in the conversation? Will Perodua be the sole affordable EV manufacturer under the NIMP 2023 plan and Proton be positioned as a more premium option for Malaysians? Or will Proton enter the conversation at a later stage? ― SoyaCincau



https://www.malaymail.com/news/malaysia/2024/03/27/tengku-zafrul-perodua-to-launch-first-ev-by-2025-as-production-leader-for-affordable-evs-in-malaysia/125773

Posted by Diamond7 > 1 month ago | Report Abuse

Moving up steadily....hope give good dividend!

Posted by Diamond7 > 1 month ago | Report Abuse

Good news coming?

Posted by iscmob > 1 month ago | Report Abuse

i think MBMR's value grow in tandem w SIME's recent announcement. now, the price exceeded TP. unless i'm wrong. pls fill in.

Posted by dawchok > 1 month ago | Report Abuse

HL investment has TP RM5.40 for MBMR in Mar2024.

Posted by keithtrade > 1 month ago | Report Abuse

Offer coming from Sime Darby ??

Posted by geary > 1 month ago | Report Abuse

MBMR...added average @4.00...rationally should be
around
#5.00/5.50.🤓
1 month ago.
EV coming...Price Range...@6.20/7.20...🤠

Posted by DividendGuy67 > 1 month ago | Report Abuse

MBMR closed 4.88, +2.95%. Nice. Thanks to MBMR plus 23 other green stocks to offset the 9 red stocks, my portfolio made a new all time high again today. The paper gains on this stock is now 3 times my largest ever trading gains, simply because of Position Sizing. I typically trade much smaller size than my investing size and it is the sitting and doing nothing that delivers the biggest gains for me when we are in a bull market like MBMR. Sit tight and enjoy the ride.

Posted by DividendGuy67 > 4 weeks ago | Report Abuse

MBMR continues to edge higher. +4.93, +1.44% today. Nice. Thanks to MBMR plus 22 other green stocks to offset 12 red stocks, my portfolio made new all time high again today!

Posted by SeekUndervalued > 2 weeks ago | Report Abuse

Is Perodua going to launch new model this month?

Posted by PureInvest > 2 weeks ago | Report Abuse

Today's announcement of proposed final dividend of 15ct in respect of FY' ending 31-12-23,

Another announcement is share buy back up to 10% of the total shares issued.

EPS of 85.56 ct with total dividend of 39ct (paid) plus 15ct (proposed) = 54ct.

54ct/85.56ct = 63.11% which exceeds the dividend policy of 60.0%.

Hopefully, investors and public realize this gem company & IBs stating TP of MBMR at RM4.13 or RM4.36 may need to rethink, and only Kenanga's latest TP at RM5.80 shows its understanding of this gem company.

Posted by eugenewong794 > 2 weeks ago | Report Abuse

thats why need shareholder approveal ? cos exceeded dividend payout policy

Posted by Income > 2 weeks ago | Report Abuse

https://www.sinarharian.com.my/ampArticle/660548

Posted by keonkx > 1 week ago | Report Abuse

4.9! 5 soon!

Posted by DividendGuy67 > 4 days ago | Report Abuse

MBMR closed new all time high!
Thanks to MBMR, CSCSTEL and all other green stocks offsetting red stocks, my portfolio made new all time high again today.
Hope everyone made nice monies today! Congrats!
And thank-you Mr Market!

Posted by DividendGuy67 > 4 days ago |

Post removed.Why?

Posted by geary > 3 days ago | Report Abuse

MBMR Monthly Positive Pivot Point Momentum!
S1: 4.60.
PIVOT: 4.90.
R1: 5.40.
R2: 6.20.
Fair Value range...#6.00/6.50!?
Dis: Trade at your own Risk!

Posted by c328 > 3 days ago | Report Abuse

my cost price 1.95