You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

0.585

Today's Change

-0.005 (0.85%)

Day's Change

0.57 - 0.59

Trading Volume

17,586,800

News and Blogs
Discussions
22 people like this. Showing 50 of 29,717 comments

KooSan

Still RM 100 billion?

1 week ago

theyoungman

Koosan, ya, cost going higher and higher... Jialat

1 week ago

凯翔 赖

隆新高铁可说是一项无利可图的一个项目,因为成本太高,维修费也非常昂贵,乘客量不会太高,除非票价实惠,所以说每年将会面对巨损。

1 week ago

prudentinvestor

"HSR - GAME OVER"
Many people have already made tons of money from MRCB, game over sooooo what? When people were making lots of money, you were sulking somewhere.

1 week ago

stncws

rm5....! next wave is on..

1 week ago

B03392

1st HSR consortiums announced they r willing to take this jobs even tho currency arent favourable instead of none at the moment. So there is a light in this unwanted project.

1 week ago

Nasrim

PETALING JAYA: Malaysian Resources Corp Bhd’s (MRCB) project pipeline is expected to start materialising in 2024 as the group benefits from better project pipeline visibility and value unlocking initiatives, says Hong Leong Investment Bank (HLIB) Research.
The research house said the construction and property group’s pipeline visibility is strong, anchored by projects such as the Light Rail Transit Three (LRT 3) phase two, and the redevelopment of Shah Alam Stadium and KL Sentral.
As MRCB’s pipeline is estimated to be formalised in 2024, HLIB Research noted the lowest hanging fruit could be the reinstated scopes of the LRT 3 phase two.
This was judged based on its targeted operations timeline of the second quarter of calendar year 2027 for phase two, in which the research house reckons formalisation of the enlarged scope will happen soon.
HLIB Research noted the move would add more than RM1.5bil to MRCB’s active order book of RM1.5bil, as at end-September 2023.
The Shah Alam Stadium redevelopment, worth some RM1bil, will likely be split into several phases to aid land monetisation with demolition phase expected to commence in 2024 and reach completion by mid-2025.
HLIB Research noted other higher value phases will commence post-demolition, which is expected by the second half of 2025.
The progress timeline of the project is rather fluid and could remain so considering 100% land consideration.
“The commercial viability of proposed land parcels will have to be considered prior to finalisation,” the research house added.
On a brighter note, MRCB has continued to benefit from its track record with KL Sentral, where it was the transit-oriented development or TOD developer of the project.
HLIB Research estimates that MRCB’s appointment as the contractor for the rejuvenation of KL Sentral will be formalised by midyear and based on previous guidance, it could add about less than RM1bil to MRCB’s order book.
Due to KL Sentral’s overcapacity situation and need for expansion, MRCB was chosen as the contractor for its revitalisation last year. Development rights over KL Sentral’s airspace will be provided to MRCB as part of this proposal.
HLIB Research stated that in order to augment fare revenue, the consortium will need to work out an equity participation structure in addition to various non-fare revenue streams including property and media rights.
As for MRCB’s property projects, launches worth RM4bil are slated for financial year 2024, with sales target standing at RM800mil, driven mainly by domestic projects. HLIB Research maintained a “buy” call on MRCB with a higher sum-of-part driven target price of 70 sen per share, after increasing construction target price earnings multiple to 16 times.

1 week ago

theyoungman

Those IB issued lots of CWs, they may have been making big money from it. They can distribute(sell off) their CWs to investors, usually CWs hard to trade, so only investors will buy, and it is a high risk product, got to do lots of homework (proper) and with guts.

So, it doesn't hurt IB at all, if IB issued CWs, the mother share price up or down, their research reports, their articles, their news, they are hoping the CWs r out of money and they gained fully from it. Tricks and traps r everywhere.

1 week ago

KooSan

Bloomberg: Ringgit may go past RM4.88

1 week ago

KooSan

Any project also holland lo like that.....

1 week ago

theyoungman

Wow. HSR 不明朗因素效应?📉料。。。

1 week ago

Investormy

be patient. Just wait for Q4 result. Sale of Celcom Tower already completed and will record appx RM100mil extraordinary gains in Q4.

1 week ago

Depeche

HSR will have to go ahead since govt already given the nod... they will eventually have to fund this mega project partially at least.... wait for the twists and turns.

1 week ago

theyoungman

Miss our Rabbit kor kor

1 week ago

Investormy

It is good news if MRCB don’t get HSR project. There’s already Billions of projects coming into MRCB such as LRT3 extra 5 stations, KL Sentral 1b redevelopment, Shah Alam 1b stadium, flood mitigation, PBH Sabah, etc

1 week ago

Investormy

MRCB should just focus all these projects which is already more than RM6billion for next 5yrs

1 week ago

theyoungman

Investormy is right. HSR won't give handsome promising ROIs. Hihihi.

1 week ago

凯翔 赖

业绩报告出炉前股价一直保持低迷,是否意味着不好的预兆?

3 days ago

Investormy

Q4 result will be out anytime this week. From last week, company with good result will go up around 8% to 12% on next day after announcement. So, time to accumulate.

3 days ago

Investormy

Celcom Tower sale completed in December will contribute appx RM100mil profit for Q4. Projected operating profit is around RM30mil to RM50mil ….based on LRT3 progress. Profit upto date Q3 is appx RM20mil. So, total profit for year 2023 is around RM150mil to RM170mil (assuming no other revaluation profit and forex exchange adjustment from Gold Coast project)

3 days ago

Investormy

Above is not taking into account the Q4 result for development projects as I don’t have the progress sale for that segment

3 days ago

sasword

money laundering counter will survive even malai economic is going to hell, that's why mrcb is the last survivor, oh yeah

3 days ago

凯翔 赖

今天大部分的建筑股和产业股都涨了一整天,只有这个番薯股和ekovest 跌足一整天。

3 days ago

Investormy

https://theedgemalaysia.com/node/702369

….more projects for MRCB in 2024

3 days ago

Shines

Yes, enough project in hand, I would say without HSR would be better

3 days ago

theyoungman

Kai, Relax ya. Accumulate on dip.

3 days ago

KooSan

Sudah naik ka? RM 120 billion? Soon will be RM 180 billion lor when 5 against the dollar....

3 days ago

hafizfizor90

KUALA LUMPUR (Feb 26): TH Properties Sdn Bhd and Malaysian Resources Corp Bhd (MRCB), through a 70:30 joint-venture company named 59 Inc Sdn Bhd, officially launched serviced apartment Padang Residences on Monday, according to a press statement.

Padang Residences is part of the RM3.09 billion Kota Semarak mixed development in Jalan Sultan Yahya Petra, Kuala Lumpur. Kota Semarak is a 27-acre (10.93-hectare) leasehold mixed-development project to be developed in three phases. It will comprise serviced apartments, shop offices and a retail mall. The entire development is expected to be completed by June 2027.

TH Properties board member Datuk Wan Hashimi Albakri W A A Jaffri said, “The appetite for our products stays strong, as demonstrated by sales of our industrial and residential products in Bandar Enstek and Warisan Puteri 2, Seremban. We plan to sustain this momentum with better products, and we hope to continue receiving robust support from buyers and investors alike.”

2 days ago

B03392

Quarterly n yearly report soon either this evening or tomorrow

2 days ago

theyoungman

Shines kor geng chow.
Oh, where is our abang Rabbit? Miss him so much

*Yes, enough project in hand, I would say without HSR would be better

2 days ago

theyoungman

MRCB: TH Properties and MRCB launch Padang Residences in RM3.09b Kota Semarak mixed development in KL. TH Properties SB and Malaysian Resources Corp Bhd (MRCB), through a 70:30 joint-venture company named 59 Inc SB, officially launched serviced apartment Padang Residences. Padang Residences is part of the RM3.1bn Kota Semarak mixed development in Jalan Sultan Yahya Petra, Kuala Lumpur. Kota Semarak is a 27-acre (10.93-hectare) leasehold mixeddevelopment project to be developed in three phases. It will comprise serviced apartments, shop offices and a retail mall. (The Edge)

1 day ago

凯翔 赖

业绩报告拖延了好多天都不敢出炉,很不寻常。

1 day ago

theyoungman

哦。凯大哥早。要开骂啊?😂

1 day ago

sasword

go to hexx la

1 day ago

prudentinvestor

It won't go to hexx, would pick up some once it dips below 55 sen.

10 hours ago

theyoungman

Don't scold. The more we scold, the more we pekchk. Investment is about patience, superb patience and persistency just like our Prudentinvestor and Rabbit kor.

9 hours ago

scjm

Q either this evening or esok...looking at the price movement thus far does not look promising ...pivot low 57.5 if broken then NG

7 hours ago

Tanleechoo

😩😫😢patiently waiting for the best..

7 hours ago

Shines

Bro tym, agreed with you haha, scold for what?

6 hours ago

scjm

relax... elaboration...based on the daily chart, this upleg is still intact as price masih above 50/200 EMA and so long as 40 sen is not breached ; it is a pullback(consolidation) from the high 70.5 and the rebound would be between 50 and 200EMA with 51 sen being super duper strong support (AB=CD) and previous resistance (now turned support)

6 hours ago

scjm

sorry 48 not 40

6 hours ago

Ari Aran Gopalan

Limit up esok

2 hours ago

pokokhijau

Esok expected gap up.

2 hours ago

Tanleechoo

Hopefully ..loss sure down n pft not necessarily 🆙..pray up n all make some money

2 hours ago

凯翔 赖

希望明天不会反常

1 hour ago

theyoungman

凯太悲观了。明天LU哈哈

12 minutes ago

Post a Comment