MN HOLDINGS BERHAD
KLSE (MYR): MNHLDG (0245)
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Last Price
0.335
Today's Change
-0.01 (2.90%)
Day's Change
0.335 - 0.345
Trading Volume
1,855,800
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
Be the first to like this. Showing 50 of 234 comments
1.Prices reflect all information about the company. Positive information moves up share price and conversely, negative information push down share price. Otherwise, share price will remain in consolidation or inactive unless acted upon by new news.
2. Therefore one must constantly keep abreast of news flow such as award of projects, acquisition of land for example,and specifically in the case of MN it is a court case involving the default of payment by vendor.
3. This forum provides an avenue and allows members to analyse and interpret the meaning of the news and the impact it has on share price. It is of utmost importance in investing.
4. This forum is also for sharing, learning and earning together. My posting is unbiased and say it as it is. It is not intended to inference your investment decision.
5 And Frankly, not intended to irritate you.
Happy trading
13/7/23
2 months ago
Sorry, accidentally deleted my post. As mentioned, I thank you for your views trader808. It would be great if you could recommend the next steps for humble investors like us.
2 months ago
1. I have no qualification and I am not qualify to advise you. My simple write up,short analysis and posting is a new hobby and joyful pastimes. It is for sharing and learning and not intended to recommend and much less influence your investment decision and strategy and its follow up actions.
2. In anyway I wish to express with great delights, I have a predetermined criteria in stock selection. And, I am only interested in companies that exhibit these elements.
3 Always remember, nothing drive up share price except profit. Share valuation is base on earning basis and it is determined by the earning per share EPS times a PE multiple. So,the greater the profit the higher the EPS and hence, its share price. Therefore, profit is of utmost importance in identifying and selecting good company for investment.
4. Choose a company that is trading at low PE preferably less than 10x. Compare and contrast the PE with other companies in the similar sector of industry to evaluate its position and standing. This will provide an understanding whether the stock is over price or under price compare to its peers.
5. Study the effectiveness and the ability of the company and its management to utilize its capital and equity to generate returns. Look into its Return on equity ROE, return on assets ROA,and return on capital employed ROC.
6. Invest in companies whose business generates cash that strengthen cash flow and working capital. Study cash flow statement to see whether the company generate free cash flow, net cash flow or negative cash flow. We need to know if the company makes profit, where does the money go. Some company consistently makes huge profit but generate no free cash flow. That is a red flag as in Serba Dynamic. Now we know the profit is unreal but creative accounting. It is unwittingly reckless to invest in company that makes huge profit but has no money and continually needs to raise fund through rights issue and private placement.
7. While debt is good but too much of it is bad. Look at the company's gearing ratio that is the total debts divided by total equity. A gearing ratio of 25% is healthy, 50% is high and at 60% the company has entered into a red zone. It is considered a high risk company. It causes fear and anxiety to stakeholders, bankers and suppliers. To understand the adverse and harmful impact of high gearing just look at what happened to Hap Seng. It has a gearing ratio of 79.5%. Share price collapsed spectacularly and erased 16b in market capital. So avoid company with high gearing.
8.Pick a company that pays dividend. Does the company have a dividend policy. Why is this important? In case share price moves against you, the dividend would provide some comfort. It also signifies that the company is strong and has a healthy cash flow and working capital.
9. Select companies with sound and capable , transparent and honest management with great energy and passion to pursue long term mission and vision. For example YTL the next phrase of long term growth is in data center, digital banking, Sunway is moving towards 3000 beds with 8 hospitals to become the largest healthcare provider in the country.
10. If you can find a stock with all these ingredients, than buy and stay invested and ignore all the daily market noise.
10 Enough for you to ponder and think about. Hope it helps and may you find it useful.
Happy Trading
15/7/23
2 months ago
@trader808 thanks for the tuition. How would you rate MN Holdings based on the said criteria? Would you pick this stock even though p.e. is 18? I am in because of the MOU but sadly it seems the euphoria fizzled out
2 months ago
@trader808, thanks for the tuition as well. Do you happen to own this stock or rather, still have this stock in your portfolio? And does it fit into the criteria that you mentioned above? Perhaps then I can infer the next steps.
2 months ago
@kfliau, I'm no expert either, but personally I'd hold for a while if you're already in.
1) strong orderbook (how much really translates? I don't know). Plus the management seems to be confident in their guidance for the next 2-3 years. Side note, director has been buying back shares recently?
2) P/E - well that's a factor of growth, isn't it?. If the company continues with strong EPS as per previous quarter, it would be what? 36 sen at 10PE? (looking at forward PE, of course - as you know, stock prices reflect forward earnings - take tech companies for example - of course tech multiples can be astronomical and cannot be compared). Therefore, let's see whether the orderbook translates.
I agree with @trader808 in terms of having a criteria, but if one is in the stock, surely there are some good things you see in it, not only negative right? And if you're an investor, surely you would give it some time before you totally change your opinion, wouldn't you?
3) technically, it is still hovering above the uptrend line. Ideally, this would be the base or even rebound point, but only time will tell.
Yes, trader808 is right, ultimately, it's about earnings. Let's hope for the coming quarters to show positive growth.
To end, thanks again trader808, appreciate your lengthy write up and let's hope this stock delivers.
2 months ago
@frank74 yes, I have been holding the warrent. Bought at 12.5 cents. It shot up to 17.5 but didn't take profit thinking of long term investment. Quite regretted
2 months ago
1. At 29sen and trading at PE of 18.5x, MN is undoubtedly over valued, otherwise fully valued. Although MN is profitable, it is unfortunately not generating sufficient profit to merit its currently high valuation.
2. Despite its numerous announcement of awards of projects, press release ,media engagements and publicity the share price remains depressed and lackluster.
Going forward MN would have to announce a substantial rise in profit and earning to compress the high PE to single digit. Otherwise, 29.5 sen may not even be sustainable.
3.One may want to ask is MN a stock to hold for long term. Is 40 sen achievable and what does it take for MN to reach there?.
4. I would envisage MN being a new kid, small cap and relatively unknown and penny stock to be at most realistically ascribed a PE multiple of 8 times. For it to worth 40 sen at 8x PE it must have an earning per share of 5 sen. This is a management challenge.
5. MN has 408m shares and to achieve EPS of 5 sen simply means it must generate a profit 20.4m. Considering that the 4 running quarters profit performance were (-1.09m) ,1.19m , 2.58m and 3.69m I am of the opinion that 20.4m annually is a highly incredible challenge and realistically unexpected.
6. Investment is about portfolio management and efficient allocation of money and resources. Perhaps, the fund can be more profitably and fruitfully allocated elsewhere or, more specifically invested in an alternative stock that has all the ingredients of a value investing stock.
7.While we remain pessimistic about MN and its future earnings ,it is not altogether useless or entirely hopeless, It simply means the opportunity cost or all the benefits we have to forgo for holding MN instead of the next best alternative stock is abnormally high.
8 MN debuted at 21 sen. It has breached 40 sen in its prime day and awarded shareholders with bonus of free warrants. It is now hovering and struggling at below 30 sen.
9. MN is akin to a diamond that has lost its sparkle and continue to dim.
10. Make your own investment decision. This is just an expression of opinion and definitely not a recommendation to buy or sell. Besides, I could be entirely wrong.
Happy trading
17/7/23
2 months ago
@trader808 Thanks for your invaluable fundamental analysis. Do you mind sharing any alternative that meets your stated criteria?
2 months ago
@trader808 I saw your post in Mahsing. Indeed convincing. But looking at the chart, it's scary as it has spiked a lot. I rather wait for MN to rebound before I switch
2 months ago
Global Data Centre Growth Unperturbed By Energy Constraints
https://www.businesstoday.com.my/2023/07/19/global-data-centre-growth-unperturbed-by-energy-constraints/
2 months ago
Malaysia has drawn RM76bil in data centre investments in just over two years, says Tengku Zafrul
https://www.thestar.com.my/news/nation/2023/08/10/malaysia-has-drawn-rm76bil-in-data-centre-investments-in-just-over-two-years-says-tengku-zafrul
1 month ago
https://klse.i3investor.com/web/blog/detail/muze/2023-08-30-story-h-241089384-Malaysia_to_invest_RM13b_by_2040_to_improve_energy_efficiency
will this benefit MNHLDG ??
4 weeks ago
1.This is not intended to rub salt in a wound. Months ago, you have been forewarned with extensive analysis supported by facts and numbers. On hindsight, it is better to abandon *m* for M.
2. Wise up, be aware and take appropriate actions.
Trade wisely
31/8/2023
3 weeks ago
hope management can win more Data center and RE contract , that definitely will help to boost the share price ..
3 weeks ago
MN Holdings wins RM23.8mil contract from TNB
https://www.thestar.com.my/business/business-news/2023/09/07/mn-holdings-wins-rm238mil-contract-from-tnb
2 weeks ago
Typical sell on news pattern, however , the fundamental still strong , lets hope management share more exciting news soon ...
2 weeks ago
Confident statement in their recent press release. Excerpt as below.
Looking ahead, Mr Loy said MN Holdings is optimistic with the current FY24 performance as a few of the data center projects awarded to the Company will be completed, allowing the Group to recognised substantial earnings contribution from these projects.
“As at 30 June, MN Holdings order book stands at RM337.67 million. These secured contracts are expected to positively impact the Group's earnings over the next two to three financial years, barring any unforeseen circumstances,” he added.
2 weeks ago
https://9shares.my/%E4%B8%93%E8%AE%BFmn%E6%8E%A7%E8%82%A1%E2%94%80%E6%89%A7%E8%A1%8C%E8%91%A3%E4%BA%8B%E6%9D%9C%E8%8B%B1%E6%9D%B0%EF%BC%9A%E4%BB%8A%E5%B9%B4%E6%9C%89%E4%BF%A1%E5%BF%83%E7%9B%88%E5%88%A9%E6%9B%B4%E4%B8%8A/
杜英杰透露，他预测MN控股在未来两个季度，盈利有可能翻一至二倍，单季盈利或可达到400万至500万令吉之间。
Above are extracted from 9shares interview with ED from MNHLDG
2 weeks ago
On hindsight, I should have held on to my warrant instead of switching to 'M' which is giving me much lower capital gain in %.
2 weeks ago
https://www.klsescreener.com/v2/news/view/1202229/mn-holdings-bags-rm40-1mil-job-to-build-main-distribution-substation-network-in-perak
Another new contract won , 40mil worth of job and new customer ( subsidiary of Lagenda ) , This is second jobs wins in this month and I believe the order book value should be close to RM 400mil now .. very encouraging sign , good job and wish to hear more good news soon ..
2 weeks ago
MN Holdings bags RM40.1mil job to build main distribution substation network in Perak
https://www.thestar.com.my/business/business-news/2023/09/14/mn-holdings-bags-rm401mil-job-to-build-main-distribution-substation-network-in-perak
2 weeks ago
https://www.klsescreener.com/v2/news/view/1204121/%E6%9F%94%E4%BD%9B%E8%BF%9B%E5%85%A5%E5%BC%BA%E5%A2%9E%E9%98%B6%E6%AE%B5-%E6%88%BF%E4%BA%A7%E5%BB%BA%E7%AD%91%E4%B8%9A%E6%88%90%E8%B5%A2%E5%AE%B6
MNHLDG should be benefitting from these new development , lets see ...
1 week ago
https://www.klsescreener.com/v2/announcements/view/5723729
Third contract in a month ... another RM18.5 Millions worth of jobs .. management is working hard to get more business , good job .. hope to hear more good news soon ..
1 week ago
MN Holdings bags RM18.5mil substation engineering contract at Nusajaya Tech Park
https://www.thestar.com.my/business/business-news/2023/09/20/mn-holdings-bags-rm185mil-substation-engineering-contract-at-nusajaya-tech-park
https://www.businesstoday.com.my/2023/09/20/mn-holdings-lands-rm18-5-million-substation-contract-for-gds-data-centre-expansion-in-johor/
1 week ago
Another important excerpt that we can infer from, of the potentially explosive increase in profits in the next few quarters.
“With the latest job win, its outstanding order book increased to a total value of RM384.27 million, which is expected to be progressively completed between 2023 and 2024.”
1 week ago
https://9shares.my/%E4%B8%93%E8%AE%BFmn%E6%8E%A7%E8%82%A1%E2%94%80%E6%89%A7%E8%A1%8C%E8%91%A3%E4%BA%8B%E6%9D%9C%E8%8B%B1%E6%9D%B0%EF%BC%9A%E4%BB%8A%E5%B9%B4%E6%9C%89%E4%BF%A1%E5%BF%83%E7%9B%88%E5%88%A9%E6%9B%B4%E4%B8%8A/
Based on this interview , the boss said the profit can be double in next one or two Q ...lets see ..
1 week ago
***Managing director Loy Siong Hay said the completion of the data center projects would allow the group to recognised substantial earnings contribution from these projects.*** - The Star 30082023
6 days ago
Anybody knows what is the status/progress of the new Data Center deal (with Shanghai DCScience) ??
6 days ago
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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....
frank74
Time will tell…
2 months ago