"We anticipate an improvement in overall performance going forward particularly with the expected uptrend in crop production in our Sabah estates and the ABSENCE of losses contributed by the plantation and mill in Mukah, Sarawak which are currently classified as assets held for sale / discontinued operations. The Group is currently in active discussions with potential buyers for these assets"
I anticipate a BIG jump in share price for this counter next week, A block of 32% changed hand in a off market deal just before the Friday closing @ 68.0 sen per share, a premium of 72% to Friday close. This means this company has changed hand, but no news coverage yet, the new owner is still a mystery!
But u need to be careful when trading based on this info. I think u are assuming that there will be a general offer made to other shareholders as well at the same price of 68 sens per share. However, u need to take note that the buyer purposely bought only 32% stake from Anchorscape (UMNO) which i beleive is to prevent any general offer event. Prior to the sales Anchorscape hold 52.2% interest in KUB. If the buyer wanted to take KUB private, it would have already bought the whole of Anchorscape stakes. In the end this company is still expected to make losses on the near term until its plantation business mature. So u need to be prepare for a quarterly loss result for the near term.
MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.4x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.
FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).
Given the very good result in 4Q18, the company is expected to achieve a profit of RM200mil for the full year of 2019. At the current share price, the company is being valued at a very low PE of only 5.3x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.
Haha ... I know very well on why it is only 32% transacted!!! And, definitely I don't expect it will up to 68.0 sen either, just go back to recent high of around 53.0 is good enough for me to trade and take profit on Monday. It will be just a repeat of UTUSAN, price shoot up after changing hand at premium. BTW, I have plenty of good profitable stocks with low PE, good earning, good management, good prospect to invest in, thanks for recommending MBMR but too bad not in my radar.
Interesting that market does not give credit to Johari. Another time, his name on a share price would send a share price soaring and I say this because if you look at CI Holdings, he rewarded the shareholders very well as the share price did increase many times but unlikely to happen in these markets. He must have some ideas for the company and if you want to hold, do hold but you can always sell and buy back later if more details emerge as to his intentions for the company. Hopefully, he will inject some fresh ideas to the company
KUALA LUMPUR: George Ang, the man behind Inter Mark Resources Sdn Bhd (IMRSB) which acquired A&W Malaysia Sdn Bhd from KUB Malaysia Bhd (KUB) last September, vows to make the oldest fast food chain in the country, great again.
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....
nkk53
1,426 posts
Posted by nkk53 > 2019-02-28 10:56 | Report Abuse
Luckily i sold all,with no support fr.Umno boleh,the poor Kub is left to fight for survivor on her own