MUDAJAYA GROUP BHD

KLSE (MYR): MUDAJYA (5085)

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Last Price

0.14

Today's Change

+0.005 (3.70%)

Day's Change

0.135 - 0.14

Trading Volume

570,400

Overview

Market Cap

263 Million

NOSH

1,876 Million

Avg Volume (4 weeks)

916,641

4 Weeks Range

0.135 - 0.155

4 Weeks Price Volatility (%)

25.00%

52 Weeks Range

0.125 - 0.21

52 Weeks Price Volatility (%)

17.65%

Previous Close

0.135

Open

0.135

Bid

0.135 x 512,000

Ask

0.14 x 504,600

Day's Range

0.135 - 0.14

Trading Volume

570,400

Financial Highlight

Latest Quarter | Ann. Date

31-Dec-2023 [#4] | 28-Feb-2024

Next QR | Est. Ann. Date

31-Mar-2024 | 30-May-2024

T4Q P/E | EY

-5.08 | -19.67%

T4Q DY | Payout %

0.00% | 0.00%

T4Q NAPS | P/NAPS

0.18 | 0.78

T4Q NP Margin | ROE

-7.46% | -15.30%

Market Buzz
Company Profile

Sector: CONSTRUCTION

Sector: CONSTRUCTION

Subsector: CONSTRUCTION

Subsector: CONSTRUCTION

Description:

Mudajaya Group Bhd is a Malaysia based company. Along with its subsidiaries, the firm operates in four reportable segments including Construction contracts, Property, Power, and Trading, and manufacturing. Construction contracts segment is engaged in undertaking engineering, constructions works and equipment procurement. Property segment develops residential and commercial properties. Power segment is engaged in the sale of power energy. And Trading and manufacturing segment is engaged in sales and manufacturing of construction-related products. It operates in Malaysia, Indonesia, India, Republic of Mauritius and Negara Brunei Darussalam. The company generates the majority of the revenue from Construction contracts segment.

Discussions
22 people like this. Showing 50 of 10,318 comments

Pokman

Masih boleh hold ke?

2023-08-03 17:25

Kkristal

Hold hold holdd !

2023-08-03 17:37

Icon 888

Warrant Will burnt

2023-08-03 23:14

Hew Kiong Peng George

Ya. I cash out all today after waiting almost 2 months..thanks for ur concern. To all warrant holder, pls run for ur life..operator cash out already

2023-08-04 06:15

Hew Kiong Peng George

Tas is my next targeted share

2023-08-04 06:15

Pokman

come on la..menang projek besar takkan harga bawah 20c

2023-08-04 16:03

ismadi

construction stock coming

2023-08-16 10:21

Hew Kiong Peng George

Warrant still gt meat provided coming week qr is fantastic..

2023-08-19 16:13

willee2

sell all n run la

2023-08-21 23:07

xiaoeh

Posted by willee2 > 17 minutes ago | Report Abuse
sell all n run la

willee2 why arh...? Any insider news?
technically look attractive, got news share share leh, dun simply run by yourself ok

2023-08-21 23:27

Hew Kiong Peng George

Q2 net profit not good but cash flow is superb

2023-08-29 18:45

faiz

Malaysia to see 10%-15% GDP uplift from its energy transition policy
KUALA LUMPUR (Aug 29): Malaysia is anticipating the implementation of its newly launched National Energy Transition Roadmap (NETR) 2050 to spur new growth areas that will bring about a 10% to 15% uplift to its gross domestic product value, Minister of Economy Rafizi Ramli said.
Part of this will be supported by potentially higher value of green foreign direct investments (FDIs) into the country, Rafizi said at the launch of the second phase of the NETR earlier on Tuesday that was held in conjunction with The Energy Transition Conference 2023 here.

2023-08-30 10:01

faiz

The NETR has made strong projections on the benefits of Malaysia’s accelerated pivot towards net zero carbon emissions, including some RM120-180 billion of investment opportunities in co-funded government facilities for energy transition.
In total, investment opportunities are projected to be above RM1 trillion from now to 2050, the NETR report showed.
Malaysia’s grid readiness itself will require RM180 billion in investments in the period, according to energy minister Nik Nazmi Nik Ahmad.

2023-08-30 10:02

faiz

Tenaga Nasional Bhd, which is currently the sole operator of Malaysia’s transmission grid, has pledged to invest RM90 billion for the grid infrastructure in the next six years, president and CEO Datuk Baharin Din said at the conference.
In one of the panel sessions, Energy Commission chairman Mohammed Rashdan Mohd Yusof pointed out that the grid investments estimate would include costs to fund future infrastructure such as battery storage.
The shortfall, he said, could partly be addressed with the setting up of an energy exchange to “tap into other markets at higher prices”.

2023-08-30 10:02

faiz

Aside from grid infrastructure, the NETR also highlighted a slew of flagship catalyst projects, including a large-scale integrated renewable energy (RE) zone led by Khazanah Nasional Bhd; the development by Tenaga of a 500MW solar park and hybrid hydro-floating solar plant with a combined capacity of 2,500MW; and biomass co-firing at Malakoff Corp Bhd’s existing 2,100MW Tanjung Bin coal plant.

2023-08-30 10:02

faiz

Prime Minister Datuk Seri Anwar Ibrahim also announced plans to set up the National Energy Transition Facility (NETF), beginning with RM2 billion from the government as seed fund, to finance marginally bankable energy transition projects or those yielding below-market returns, such as electric-vehicle charging, hydrogen and carbon capture technologies.

2023-08-30 10:02

Pokman

Mother share will go up after son die

2023-09-01 18:06

ZenSen

QR report not good?

2023-09-02 10:33

trader808

1. Someone converted 163333 warrants to acquire the same number of shares by paying the conversion price of 0.22 per share whereas the current market price of Mudajaya is 18 sen

2.The total amount paid was 163333 x 0.22 equaled RM 35,933. Conversely,anyone who is not so ignorant would have just bought the same number of shares directly from the market at 18sen. The total amount needed would be 163333 x 0.18 is Rm29399.

3.You could have saved 35933 minus 29399 is RM6534.

4. Hence, acquiring 163333 shares through warrant conversion in which the warrant is out-of money instead of buying directly from the open market by paying RM6534 more is unwittingly wasteful.

5. You arithmetic studies has been sadly neglected.

6.This costly lesson also reflected a complete lack of knowledge and understanding of the features of derivatives and the underlying securities plus a complete breakdown in communication and collaboration between clients and remiser.

7. Convert wisely
Happy trading
8/10/23

2023-10-08 14:51

koyokui

Buy quarter report positive

2023-11-29 19:30

ZenSen

This counter still got hope ka? Can someone enlighten me as my cost is RM0.22. Thanks

2023-11-30 14:16

trader808

1.Several years ago major shareholders of Mudajaya sold out and a Taiwanese tycoon called Jerry acquired a hugely substantial block of shares and embarked on a journey to reorganize, restrategize, refocus and revive the company.

2. Since than it has made many attempts to energize the company to improve the business operation, generate cash flow, strength of balance sheet, settle some debts and reduce its gearing,

3 The company has several years ago undertaken a fund raising exercise to pay debts and improve working capital.
4 With the new management, there had been some improvements in some quarters announcement with raising revenue and contribution. However, revenue and profit were erratic and inconsistent.

5. Over the years it has undertaken a massive geographical expansion and penetrated into china by acquiring Real Jade a cement company.

6 The acquisition cost for Real Jade was HK400m or about RM240m. Real Jade has begun and managed to contribute in some small way to the bottom line of Mudajaya.

7 Just as the market begins to see a green shoot of recovery in mudajaya, it announced a shocking news a week ago.

8. Apparently, the company is still owing the vendor of real jade RM119M and with added interest payment has ballooned to 127m. Mudajaya is having a tough time and facing a great challenge to repay the remaining acquisition cost.

9 Hence, it has announced a corporate exercise outlining a proposed variation and propose right issue with warrants to address the acquisition cost and debts problems

10 In the proposal, the seller has agreed to accept RM72m in cash and the remaining Rm55m in shares with consideration price at 22 sen or 250m new shares.

11. The company will offer 1 right issue for every 4 share held at an issued price of 17sen. For every right share subscribed, one would rewarded with a free warrant. The conversion price is 22 sen

12. In general, corporate exercise of fund raising through right issue is bad news. The fact that the fund raise is used to pay off debts makes it worse.
However, since its announcement, share price surprisingly still manage to hold on resiliently.

13.Mudajaya has issued share capital of 1875m. It will issue 531m right shares. it will also issue 250m consideration share to the vendor. The vendor will also subscribe 62.5m right shares and upon conversion of new warrant ,531m shares will be added and the total enlarged share capital would ballooned to 1875+531+250++62.5+531 =2999m

14 The enlarged capital would have a severely huge burden and seriously damaging to the EPS and the future share price.

15. The cement industry and business in china and to some extend Real Jade could possibly affected by the negative sentiment in the property and construction sector caused by Evergrander , country garden.

16. Mudajaya closed at 16,5sen last Friday. The reason why it did not fall much could partly because the right share has been priced at 17sen. If it allowed to fall to far below 17sen , than the right share will not be attractive. Existing shareholders will not subscribe to the right shares. The fund raising exercise will fail. Vendor will not be paid and there will be consequences.

17. This is the recent development in Mudajaya.
The company is still facing issues and challenges.
Can Jerry pull through? Would you stay invested. The choice is yours.

18. Hope it helps. Happy trading
2/12/23

2023-12-02 23:11

koyokui

Buy mudajya ecrl related company with low price

2023-12-10 21:31

trader808

1.Mudajaya is still continuing on its long term decline. There is no light at the end of the tunnel.
2.It is still struggling with its challenge to raise fund to pay off debts.
3. In the end the enlarged share capital could possibly balloon to 3b shares. It will hurt the EPS and hence the long term share price.
4. Investors would have to endure some scorching heat and brutal cold. The right issue will dampen company sentiment and share price.
5. all the best
Trade wisely
11/12/23

2023-12-11 11:46

xiaoeh

i have to admit my previously look good technical view had failed by far.

2023-12-11 11:50

trader808

Do not be overly discouraged. Profit from the lesson. Sell out,cut loss and move on.
Best wishes n happy trading
11/12/23

2023-12-11 16:19

fiqi22

can"t move

2 months ago

Orson Chin

rubbish company。。。。。 keep drop only

2 months ago

Ahmad Cendana

Used to be one of my most favourite companies to speculate on. Quite a long time ago, maybe 10 years(?) Had thought about buying some for old times sake. But after reading @trader808's comments here... No need old times lah. Better to speculate on something else.

1 month ago

koyokui

Buy tp 18 sen

1 month ago

koyokui

Saudi neom project?

1 month ago

paktua73

lai lai break rm0.19


tut tut
harap back previous higher laa

1 month ago

yoyo

any news?

1 month ago

xiaoeh

what happened suddenly to the moon?

1 month ago

Jerung

Whats the story .... hope on Bus :)

1 month ago

Orson Chin

India business sold and get back money ?

1 month ago

trader808

1. The company has some time ago acquired Real Jade a cement company in China for RM240M of which it is still owing Rm119m including interest payment.

2. Mudajaya has a proposal and resolved to undertake a right issue together with free warrant to raise sufficient fund to pay the creditor, Real Jade.

3. The right share has been fixed at 17sen and ever since the share price has tumbled down and for several weeks has been languishing without volume at 13.5sen until this morning.

4. It is not difficult to understand why they must push up the share price to 17sen and slightly beyond in order to attract potential investors to subscribe for the right shares.

5. For any price below 17sen, no one would subscribe to the right shares and the fund raising exercise would fail and the debts will not be paid. There will be implication and consequences.
6. In my opinion, this is the reason for the sudden volume and volatility this morning.

7 There is trading opportunity but the risk is enormous.
You must hit and run to profit from it.
8. I shall refrain.
14/3/24

1 month ago

xiaoeh

Thanks Trader808
come just in time

1 month ago

xiaoeh

Btw Dear Trader808
where did you get to learn this no.2 infor ha?
mind sharing?

2. Mudajaya has a proposal and resolved to undertake a right issue together with free warrant to raise sufficient fund to pay the creditor, Real Jade.

1 month ago

Noni

Yeah, how you know is fixed at 0.17?

1 month ago

Bullish

It's already mentioned in the Multiple Proposal announcement.

But seems like no subsequent update on the RI issuance.

1 month ago

trader808

In its filing with Bursa several months ago.
15/3/24

1 month ago

xiaoeh

Thanks Bullish and Trader808

1 month ago

paktua73

yes agree eith Trader808

tut tut

1 month ago

xiaoeh

wah...
poem trader is here
may i know what do think abt Mudajya?
are you buying? at what price?

1 month ago

Solomon007

RE story will develop.

1 month ago

ZenSen

My cost is 22 cents. Should I wait to rebound?

1 month ago

Solomon007

New chieftain?

3 weeks ago

supersaiyan3

trader808, thanks for the update!

What's the situation of the 4 Fxxking power plants in India?

2 weeks ago

Solomon007

@supersaiyan3, like no accountability? Sigh...

2 weeks ago

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