MUDAJAYA GROUP BHD
KLSE (MYR): MUDAJYA (5085)
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Last Price
0.095
Today's Change
-0.01 (9.52%)
Day's Change
0.095 - 0.10
Trading Volume
228,600
Overview
Market Cap
253 Million
NOSH
2,657 Million
Avg Volume (4 weeks)
332,390
4 Weeks Range
0.095 - 0.105
4 Weeks Price Volatility (%)
0.00%
52 Weeks Range
0.09 - 0.185
52 Weeks Price Volatility (%)
5.26%
Previous Close
0.105
Open
0.095
Bid
0.095 x 868,100
Ask
0.10 x 260,000
Day's Range
0.095 - 0.10
Trading Volume
228,600
Financial Highlight
Latest Quarter | Ann. Date
30-Jun-2024 [#2] | 29-Aug-2024
Next QR | Est. Ann. Date
30-Sep-2024 | 29-Nov-2024
T4Q P/E | EY
-5.89 | -16.97%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
0.14 | 0.70
T4Q NP Margin | ROE
-6.27% | -11.90%
Market Buzz
News and Blogs
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 10,342 comments
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.
2024-02-21 12:49
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
2024-03-14 22:33
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.
2024-03-14 22:47
It's already mentioned in the Multiple Proposal announcement.
But seems like no subsequent update on the RI issuance.
2024-03-15 00:11
wah...
poem trader is here
may i know what do think abt Mudajya?
are you buying? at what price?
2024-03-15 12:22
trader808, thanks for the update!
What's the situation of the 4 Fxxking power plants in India?
2024-04-01 10:03
1.Finally the rabbit has come out of the magical hat.
They settle part of the Real Jade acquisition debts by issuing new shares.
2. The amount is 55m and the consideration price is 22sen. Hence, the seller was given 250m new shares.
3. Minority shareholders immediately suffer a proportionate share dilution. In some way they actually help to pay the seller. This also means the company does not have sufficient cash to discharge the acquisition price. Considering the on going situation, it is not surprising that the seller is willing to accept new share as payment and agreed to the consideration price of 22 sen whereas the quoted share prices have been languishing between 13.5sen to 16sen
4 In the coming days, the company will continue to undertake a right issue exercise to raise fund to discharge the remaining debts.
5 You can read about it and find out the details in their circular to shareholders.
6 Until the debts are resolved and the the property and construction industry in China improve and the acquired cement company begins to generate meaningful revenue and profit, one should not be overly excited about M despite it selling at low price.
7 There is a huge difference between low and cheap. Think about it.
8. This is my personal and layman perception of the counter. It is not a recommendation to buy or sell and much less intended to influence you investment decision.
9 Trade wisely
21/6/2024
2024-06-21 10:02
i don't think anyone will subscript since is no benefit at all. market price is 0.14 which 0.03 less than propose at 0.17 and even free warrant will at 0.05 just a different of 0.02. why take risk .. is mainly for their own internal wayang
2024-07-01 14:49
Again another case of abusing & manipulating company's funds "https://theedgemalaysia.com/node/717951
2024-07-05 08:01
1.Trading of rights will begin on 10/7/24 and that is tomorrow. Considering that the right share is priced at 17 sen and the current market price is 14.5 sen, the rights therefore has no intrinsic value.
2. It is worthless. In addition the fund raising exercise is specifically intended to pay off cement factory acquisition debts has further dampened market and investors' interest.
3. On the plus side , the management is addressing the long overdue debts issue. Once this is resolved and when the property and construction industry in China improves and the demand for cement is forthcoming, M company could potentially recover and slowly bounce back.
4. Unfortunately, in the immediate term a V shape bounce back or a significant recovery is not expected.
5 Investment is about efficient allocation of capital resources. There is a difference between price and value. At 15 sen it is a low price but not a cheap price.
Die hard investors, it is time to move out and move on.
6.Mr Columbus. it is not a bad idea to sail out and to conquer new promising and prosperous territories elsewhere in Bursa.
7. Trade wisely.
9/7/2024
2024-07-09 10:36
After tat the underwriter will hav to support the prc up, otherwise shall dey cry for no tears?
2024-07-25 17:10
Mudajaya now has 2125m shares. At 12.5sen it has a market capital of RM255m. On 6th of August 531m new shares will be added and the enlarged capital will be 2657m shares.
Therefore the price would be RM255m divided by 2657m shares is 9.5sen theoretically.
2. For those who are attracted by the sweetener of free warrants and opted to pay 17sen for the right shares whereas the mother shares is trading at 12 sen is unwittingly wasteful. It is unthinkable anyone would want to subscribe to the right shares and much less the excess shares. Yet, it happened and is true.
3The warrant has a life span of 3 years. The exercise price is 22 sen. Considering that the share is trading at 12sen it therefore has no intrinsic value,
4 Warrant has 2 price components. The intrinsic value and time value. When market opens on the 6/8/24 it will be interesting to see how much investor would value the warrant with 3 years of time value.
5. It will not be good.
Trade wisely
2/8/24
2024-08-02 22:12
Buy Topglov Xiaoeh. Opportunity come again. Just accumulating, don't wait for the lowest. You will miss it again 🤣
2024-08-02 23:20
Posted by Vincenzo999 > 49 seconds ago | Report Abuse
Buy Topglov Xiaoeh. Opportunity come again. Just accumulating, don't wait for the lowest. You will miss it again 🤣
waiting at 0.795 bro...
是我的不会错过
会错过的不是我的...
2024-08-02 23:23
The power of emotion and sentiment - dangerous to have these when it comes to risking one's capital. But I do have these, unfortunately, no thanks to Mudajaya being one of my favourite counters a decade ago. Still following its price movements despite everything screaming to stay away. And today it closed at the lowest ever 0.11...
Even if one gives it benefit of the doubt and `sangka baik' - that things are better controlled whereby it's being run like a tight ship right now - we still have to take into account the economic and business challenges Mudajaya is facing. If its main business is in China, that's not a good place to be right now regarding anything construction-related. Including the cement manufacturing business. Just last week, China's steel industry has warned about the current tough environment, which will only get worse regarding the weak demand. It's likely the same with cement.
Can't dismiss the possibility that the share price might suddenly go up. Especially if those with vested interests want this to be so, to suit whatever objective they might have. So it's possible to make some quick money. But it's also likely it will continue suffering that "Death by a thousand cuts" - of the share price falling bit by bit. One needs "a bit" of good news to even consider speculating a bit of money in Mudajaya. And this has been lacking thus far.
2 months ago
Mudajaya & Jaks doing the similar business both Abang & Adik will dispear in bursa SOON !!!
2 months ago
On 2/8/24 i wrote,
1.Mudajaya now has 2125m shares. At 12.5sen it has a market capital of RM255m. On 6th of August 531m new shares will be added and the enlarged capital will be 2657m shares.
Therefore the price would be RM255m divided by 2657m shares is 9.5sen theoretically.
2. Apparently, speakup disagreed
3. Today, the closing share price speakup for itself.
Trade wisely
5/9/2024
2 months ago
1Mudajaya has lost all the ingredients of a value investing stock. It has continuously sustained losses for 6 consecutive quarters with no signs of recovery in the medium term.
2 The company has 326m long term borrowings and 506m short term debts, hence the total borrowing is abnormally huge (832m) with interest expenses amounted to 14.1m for the quarter ending June 2024. Mudajaya is literally working for the banks.
3The company under Jerry and his management has a new focus and direction. The eventual acquisition of the cement factory and geographical expansion into China was intended to revive and rejuvenate the revenue and earning of the group. Unfortunately, the collapse of property market in china and the dwindling demand for cement has negatively affected the financial performance of Mudajaya for several quarters.
4 The company has recently completed a corporate exercise to raise exceeding 100m to pay off the remaining debts to the seller of the cement company. The rights issue with warrant has enlarged the already huge issued share capital and hence dampen the share price.
5 Visibility of recovery and much less earning growth for mudajaya is highly improbable in the foreseeable future.
6The only comfort you may derive from acquiring Mudajaya at 10sen a share is knowing that Jerry the boss has made his entry into Mudajaya by acquiring a block of shares at 38sen previously followed by another block at 32 sen. He also subscribed to the 1st right issue at 17sen and converted all his warrants at 22sen. He also undertook to subscribed to all the shares according to his entitlement in the 2nd fund raising exercise at 17sen a shares. He now holds a big block of warrant with exercise price at 22 sen
7. My friend, if you are planning to buy Mudajaya at 10sen, it only means it is low cost but does not mean it is cheap.
8. If you have indeed purchased mudajaya at 10sen today, you would derive a sense of satisfaction and a mental comfort in the mind that you are smarter and better than Jerry who owned exceedingly 1.6b shares.
9 However, there is no guarantee that you will make a profit although it is seemingly possible. Let us be forewarned.
9 Trade wisely
6/9/2024
2 months ago
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