MBM RESOURCES BHD

KLSE (MYR): MBMR (5983)

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Last Price

6.29

Today's Change

-0.03 (0.47%)

Day's Change

6.24 - 6.32

Trading Volume

99,600

Financial

Show?
Last 10 FY Result
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Revenue 2,372,764 2,507,872 2,416,850 2,308,096 1,531,928 1,796,499 2,088,495 1,928,228 1,732,556 1,670,204 1,816,663 1,774,144 3.49%
PBT 350,852 414,729 394,709 325,285 207,450 204,546 263,155 200,719 -148,501 82,756 122,987 132,183 12.91%
Tax -18,586 -24,203 -23,014 -14,061 -15,751 -22,660 -16,693 -11,699 -7,521 -6,864 -19,653 -8,558 11.61%
NP 332,266 390,526 371,695 311,224 191,699 181,886 246,462 189,020 -156,022 75,892 103,334 123,625 13.00%
-
NP to SH 295,772 350,457 334,454 281,554 167,925 157,923 220,494 165,548 -148,830 66,070 80,398 112,222 12.89%
-
Tax Rate 5.30% 5.84% 5.83% 4.32% 7.59% 11.08% 6.34% 5.83% - 8.29% 15.98% 6.47% -
Total Cost 2,040,498 2,117,346 2,045,155 1,996,872 1,340,229 1,614,613 1,842,033 1,739,208 1,888,578 1,594,312 1,713,329 1,650,519 2.40%
-
Net Worth 2,216,333 2,216,333 2,130,337 2,056,069 1,915,349 1,825,445 1,743,358 1,579,186 1,438,456 1,605,358 1,597,802 1,523,695 3.79%
Dividend
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Div 125,084 113,357 152,446 144,628 78,177 42,997 50,815 23,453 11,726 23,435 27,346 31,255 19.23%
Div Payout % 42.29% 32.35% 45.58% 51.37% 46.56% 27.23% 23.05% 14.17% 0.00% 35.47% 34.01% 27.85% -
Equity
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Net Worth 2,216,333 2,216,333 2,130,337 2,056,069 1,915,349 1,825,445 1,743,358 1,579,186 1,438,456 1,605,358 1,597,802 1,523,695 3.79%
NOSH 390,887 390,887 390,887 390,887 390,887 390,887 390,887 390,887 390,887 390,598 390,660 390,691 0.00%
Ratio Analysis
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
NP Margin 14.00% 15.57% 15.38% 13.48% 12.51% 10.12% 11.80% 9.80% -9.01% 4.54% 5.69% 6.97% -
ROE 13.35% 15.81% 15.70% 13.69% 8.77% 8.65% 12.65% 10.48% -10.35% 4.12% 5.03% 7.37% -
Per Share
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
RPS 607.02 641.58 618.30 590.48 391.91 459.59 534.30 493.29 443.24 427.60 465.02 454.10 3.48%
EPS 75.66 89.66 85.57 72.03 42.96 40.41 56.41 42.35 -38.08 16.91 20.58 28.72 12.88%
DPS 32.00 29.00 39.00 37.00 20.00 11.00 13.00 6.00 3.00 6.00 7.00 8.00 19.23%
NAPS 5.67 5.67 5.45 5.26 4.90 4.67 4.46 4.04 3.68 4.11 4.09 3.90 3.78%
Adjusted Per Share Value based on latest NOSH - 390,887
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
RPS 607.02 641.58 618.30 590.48 391.91 459.59 534.30 493.29 443.24 427.28 464.75 453.88 3.49%
EPS 75.66 89.66 85.57 72.03 42.96 40.41 56.41 42.35 -38.07 16.90 20.57 28.71 12.89%
DPS 32.00 29.00 39.00 37.00 20.00 11.00 13.00 6.00 3.00 6.00 7.00 8.00 19.23%
NAPS 5.67 5.67 5.45 5.26 4.90 4.67 4.46 4.04 3.68 4.107 4.0876 3.898 3.79%
Price Multiplier on Financial Quarter End Date
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Date 28/06/24 28/06/24 29/12/23 30/12/22 31/12/21 31/12/20 31/12/19 31/12/18 29/12/17 30/12/16 31/12/15 31/12/14 -
Price 5.29 5.29 4.24 3.28 3.20 3.39 3.86 2.20 2.20 2.14 2.40 2.90 -
P/RPS 0.87 0.82 0.69 0.56 0.82 0.74 0.72 0.45 0.50 0.50 0.52 0.64 0.83%
P/EPS 6.99 5.90 4.96 4.55 7.45 8.39 6.84 5.19 -5.78 12.65 11.66 10.10 -7.59%
EY 14.30 16.95 20.18 21.96 13.42 11.92 14.61 19.25 -17.31 7.90 8.58 9.90 8.22%
DY 6.05 5.48 9.20 11.28 6.25 3.24 3.37 2.73 1.36 2.80 2.92 2.76 14.30%
P/NAPS 0.93 0.93 0.78 0.62 0.65 0.73 0.87 0.54 0.60 0.52 0.59 0.74 0.58%
Price Multiplier on Announcement Date
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Date 28/08/24 28/08/24 28/02/24 20/02/23 25/02/22 25/02/21 26/02/20 27/02/19 22/02/18 22/02/17 24/02/16 27/02/15 -
Price 5.67 5.67 4.48 3.79 3.10 3.35 3.96 2.59 2.29 2.42 2.43 3.34 -
P/RPS 0.93 0.88 0.72 0.64 0.79 0.73 0.74 0.53 0.52 0.57 0.52 0.74 -0.30%
P/EPS 7.49 6.32 5.24 5.26 7.22 8.29 7.02 6.12 -6.01 14.31 11.81 11.63 -8.47%
EY 13.35 15.81 19.10 19.01 13.86 12.06 14.24 16.35 -16.63 6.99 8.47 8.60 9.26%
DY 5.64 5.11 8.71 9.76 6.45 3.28 3.28 2.32 1.31 2.48 2.88 2.40 15.38%
P/NAPS 1.00 1.00 0.82 0.72 0.63 0.72 0.89 0.64 0.62 0.59 0.59 0.86 -0.52%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
3 people like this. Showing 50 of 2,416 comments

DividendGuy67

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!

2024-04-08 23:16

PureInvest

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.

2024-04-19 19:36

eugenewong794

thats why need shareholder approveal ? cos exceeded dividend payout policy

2024-04-20 19:05

Income

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

2024-04-21 06:36

keonkx

4.9! 5 soon!

2024-04-29 17:28

DividendGuy67

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!

2024-05-02 22:25

DividendGuy67

Post removed.Why?

2024-05-03 00:05

geary

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!

2024-05-03 17:49

c328

my cost price 1.95

2024-05-03 23:32

Nic2050

haha meh si today 0 trading ?

2024-05-09 10:03

QQQM99

https://paultan.org/2024/05/21/perodua-hit-all-time-record-sales-in-2023-with-330325-units-up-17-1-aims-to-maintain-level-for-2024/

2024-05-21 18:37

iscmob

HLIB Report:

A strong start
MBMR reported core PATMI RM80.3m for 1QFY24 (-15.6% QoQ; +0.4% YoY), above HLIB’s expectation (32.4%) and consensus (31.9%). We expect MBMR to continue leveraging on strong Perodua sales in the coming quarters as Perodua’s management guided for sales target to sustain at 330k units in 2024 (vs 330.3k units in 2023), driven by higher order backlogs and new launches. Proposed a final dividend of 15 sen/share for FY23. Maintain BUY on MBMR with a higher TP of RM6.50 (from RM5.40) based on 10% discount to SOP of RM7.18. MBMR offers dividend yield of 4.8% for FY24-26 with potential special dividend payout.

Above expectations.
MBMR reported a strong start 1QFY24 with PATMI of RM80.3m (-15.6% QoQ; +0.4% YoY). We deem the result above HLIB’s forecast (32.4%) and consensus (31.9%), mainly driven by the strong demand for Perodua cars. Marginal EI losses of RM30k were excluded in 1QFY24, mainly attributed to allowance for slow moving inventory and forex losses, offset by the reversal of expected credit loss.

Dividend. Proposed a final dividend of 15 sen/share for FY23.

QoQ.
Reported -15.6% lower core PATMI in 1QFY24 at RM80.3m, in line with industry movement as OEMs accelerated productions and deliveries in 4Q while 1Q was affected by shorter working period and lower starting inventory levels (as reflected by the drop in revenue).

YoY.
Despite the higher revenue, core PATMI remained flattish (+0.4%), due to deteriorated sales model mix to lower margin Perodua cars (with MI) from higher margins Volvo and Volkswagen (both wholly owned), as well as weaker contribution from Manufacturing segment (as the group recognized lump sum cost recovery SPLY). Contributions from associates were also relatively flattish.

Outlook.
The group will leverage on Perodua’s strong order backlog of +120k units with continued robust new order flows in the coming quarters. Perodua’s management has indicated its target for sales volume to sustain at 330k units in 2024 (similar to 330.3k units in 2023). Perodua is also expected to launch a B-segment SUV and another facelift/replacement model in 2024 and a BEV model in 2025. Management remained cautiously optimistic on the group’s outlook, bearing in mind potential challenges from the high USD/MYR, global macroeconomic and geopolitical headwinds, as well as the potential fuel subsidy rationalization effect.

Forecast.
Raised FY24 forecasts by 4.8% and FY25 by 0.2%. We also introduced FY26 forecast earnings at RM278.5m.

Maintain BUY, TP: RM6.50.
Maintain BUY on MBMR with a higher TP of RM6.50 based on 10% discount to SOP (RM7.18). MBMR is in strong net cash position (55.2 sen/share) with sustaining earnings and cash flow, by leveraging onto the strong demand for Perodua models. MBMR offers dividend yield of 4.8% for FY24-26 with potential special dividend payout. We believe Perodua will be less subjected to increasing market competition driven by the emergence of Chinese OEMs and new EV introductions.
13501450155016502.53.03.54.04.55.05.56.0May-23Aug-23Nov-23Feb-24May-24Pts(RM)MBM (LHS)KLCI (RHS)

2024-05-28 11:24

jusztpu2ra

Engine warming up, 5.5 lesgo

2024-06-07 09:27

DividendGuy67

Wow. 5.39 high so far and still solid. Can't do anything with current holdings, just keep holding. In the past IB claimed unclear, peak earnings etc to entice selling but anyone who followed to sell will be regretting. This company turned around from high net debt to positive net cash by FYE 2018. And the Net Cash keeps growing and growing. Management has done a great job so far. Just this quarter alone, net cash grew by 25 million in 1 quarter, or 100m expected if annualized. The last 12 months earnings is reported to be 86 sen. Total dividends paid out last year including special dividends is only 39 sen. At 39 sen, the dividend yield when divide by my cost price of 3.50 is already 11% dividend yield on cost i.e. I will never sell this company as long as its fundamentals remain intact as there is no where else that I can deploy that money that pays me such a high dividend yield. Best to do nothing and just enjoy the ride. Thank-you Mr Market!

2024-06-07 14:59

goldenhope

Possible Perodua IPO ?

2024-06-07 16:59

sasword

epf black money almost done washed, later the price will collapse

2024-06-07 17:42

geary


geary
MBMR Monthly Positive Pivot Point Momentum!
S1: 4.60.
PIVOT: 4.90.
R1: 5.40.(Matched)
R2: 6.20.(Coming Soon)
R3: 7.10.
Fair Value range...#6.20/7.20!?
Mr. Market is Unpredictable!
Dis: Trade at your own Risk!
1 month ago

2024-06-07 20:42

SeekUndervalued

@Geary, S1 means support 1? What does PIVOT means? I don't really use TA for stock buying... Would you mind to enlighten me? Thanks.

2024-06-07 20:53

geary

SeekUndervalued
@Geary, S1 means support 1? What does PIVOT means? I don't really use TA for stock buying... Would you mind to enlighten me? Thanks.
1 day ago

Are u a swing traders or value Investor?
It's for traders, it depends on your holding strength...days, months n 52 weeks.
PIVOT is an inflection point...the highest n the lowest price... within a range...like #52Weeks...plus average closing price. Divided by 3.
It's rather a range...or approximately pivoting point.
U have to judge the business catalyst...bullish or bearish.
Anyway...Mr. Market is unpredictable.
Good luck🤓

2024-06-09 10:00

QQQM99

https://www.nst.com.my/business/corporate/2024/06/1061794/mrl-signs-perodua-kuantan-port-consortium-explore-ecrl-potential

2024-06-10 20:45

c328

If the EV trend fades, with possibly 3 out of 10 cars being EVs, 4 out of 10 being petrol cars, and 6 out of 10 being other or future car types, MBMR's business could still thrive. This assumes people continue to prefer driving over walking, Malaysians still need fuel-efficient cars (pro2), especially if R95 petrol prices rise.

2024-06-26 16:35

zzprozaz

Post removed.Why?

2024-07-10 08:14

c328

trump support petrol car, trend will be go to mbmr

2024-07-16 23:32

cheeseburger

time to run, before too late.

2024-07-17 12:36

c328

供应商获合约 Perodua电动车要来了https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E4%BE%9B%E5%BA%94%E5%95%86%E8%8E%B7%E5%90%88%E7%BA%A6-perodua%E7%94%B5%E5%8A%A8%E8%BD%A6%E8%A6%81%E6%9D%A5%E4%BA%86

2024-07-20 19:19

cheeseburger

why is this a big news? Perodua EV everyone knows....Proton also coming to launch their EV.

2024-07-20 21:07

mf

Europe stocks close 2.8% lower, extending losses after weaker-than-expected U.S. jobs report

2024-08-03 03:19

keonkx

Up 14 cents now, highest 5.53. Gogo perodua

2024-08-12 15:35

keonkx

Rocketing again.. gogo mbmr

2024-08-19 12:11

yilonma

dividend announcement soon. looks like its gonna be a good one

2024-08-19 16:29

keithtrade

Yes if Q2 results are good along with a high or special dividend there should be some more upside.

2024-08-19 19:30

planta2

Regret selling too early last time

2024-08-21 09:35

neohts

https://www.thestar.com.my/business/business-news/2024/08/22/vehicle-sales-expected-to-be-lower-in-second-half-of-this-year

2024-08-22 08:40

keonkx

Listed company has two months from their end of financial years/ quarter to report their quarter results. MBMR latest quarter should end on 30/6, so i suppose MBMR has until 30/8 to report their quarter result?

2 months ago

iscmob

Results and dividend declared

2 months ago

sg999

Tmr gap down..run...

2 months ago

keithtrade

Good result along with a 6 sen dividend plus yet another 10vsen special dividendv😃
MBMR still my favourite share!

2 months ago

keonkx

New high with 20 cents up now… and sg999 said gap down… funny

2 months ago

sg999

Glad that not gap down and let me take profit. Can makan roti canai oledi

2 months ago

multi-bagger

some people like to make small trades eat roti canai, some people collect 5 figure dividends. I guess you have to decide who you wanna be like

2 months ago

keonkx

multi-bagger agree. Not investing for roti canai either

2 months ago

geary

MBMR Monthly Pivot Points Momentum!
S1: 4.80.
PIVOT: 5.10.
R1: 5.50.
R2: 5.90.(Sold...#50%).
Dis: Buy/Hold at your own Risk!
Hold for DY/BY. My Cost of Capital Employed...@2..00🤞
3 weeks ago

2 months ago

sg999

I sold it because i traded on MBMRC4 call warrant which give me about 30% gain, earning 5 figures cannot eat roti canai? funny...and the most crucial point is the QR and special dividend is below my expectations. If you had observed the special dividend has been decreased compared to last year. Most worry is the market sentiments, luckily MBMR do not gap down on morning. Good luck to all MBMR investor. God bless you.

2 months ago

keithtrade

I sold 75% of mine yesterday. This counter has been very good to me over the past few years with bumper dividends. I notice most analysts target price are well beloz the current price of 4.90 so decided its time to take some profit but will leep my remaining MBMR shares for the time being at least.

2 months ago

keonkx

6.11… new high

2 months ago

keonkx

Up again omo + the dividend, really earn alot

1 month ago

turbochart

Hilux used for climb hill lar, not for racing!! JPJ pls Tangkap

1 month ago

turbochart

Ban hilux ban lorry and heavy vehicle at highway!!

1 month ago

turbochart

EV Tesla 200k. Malaysia gov got any profit? Or 200k all throw to USA?

1 month ago

keonkx

Easily up up up hiehie keep going up

1 month ago

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