MBM RESOURCES BHD

KLSE (MYR): MBMR (5983)

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Last Price

4.38

Today's Change

-0.06 (1.35%)

Day's Change

4.34 - 4.45

Trading Volume

962,900

Company warrants are issued by the company and give the holders the right, but not an obligation, to subscribe for new ordinary shares at a specified price during a specified period of time.

Structured warrants are proprietary instruments issued by a third-party issuer, namely an eligible broker or financial institution that give holders the right, but not the obligation, to buy (call warrants) or sell (put warrant) the underlying instrument in the future for a fixed price.

A call warrant is in-the-money when the exercise price is lower than the price of the underlying share.

A put warrant is in-the-money when the underlying share price is lower than the exercise price.

Call Warrants

In the money

Put Warrants

In the money

Discussions
2 people like this. Showing 50 of 2,365 comments

SeekUndervalued

Dropping because of new CEO?

2 months ago

WannaBeTechAnalyst

I think the dropping because the new appointed CEO has lesser experience in automotive business as compared to previous CEO which has vast experience in automotive background; or maybe the new CEO news bring back out the Q3 report gains boosted by land sale which happened in Nov'23; maybe no-fact checker just panic sell.

https://theedgemalaysia.com/node/695764

2 months ago

Hush77

business as usual. the previous CEO already inform few months back that he is leaving.
New CEO has experience in M&A. So he might be able to unlock value of this hidden gem..

2 months ago

SeekUndervalued

The new CEO has a bachelor of arts in engineering and a masters in engineering from the University of Cambridge, UK so I presume he should be okay. Engineering and automotive should be related directly or indirectly with each other.

2 months ago

WannaBeTechAnalyst

Anyway it could be profit taking for swing trader but the drop is minor. Managed to exit before the panic kicks in and accumulate back at RM4.16 seeing the sellers are losing momentum but.. I could be wrong then buys more at lower price ~

2 months ago

GLNT

EPF blocking again? Yawn....

2 months ago

Amazonboy

Sugar in d engine...can go up...Lol

2 months ago

SeekUndervalued

@Amazonboy, of course can go up. You know the title “King of the Road in Malaysia” belongs to which brand or not. Hahaha. Awaiting for the next dividend from MBMR.

2 months ago

Hush77

Maybe takeover offer "akan datang"

2 months ago

DividendGuy67

MBMR closed 4.30. +2.38%. Thanks to MBMR, TENAGA, MAYBANK and 24 other green stocks offsetting 11 red stocks, my portfolio made new all time high again today!

2 months ago

SeekUndervalued

@Hush77, so fast takeover offer "akan datang"? I still haven't eat enough the dividend... Unless the takeover offer is very attractive. What is your forecast for the "takeover offer"? RM 5.50?

2 months ago

Hush77

"Kenanga favours MBM Resources Bhd in the sector, with a TP of RM5.50, for its exposure to the economical Perodua brand and the stock’s 11% dividend yield. "

2 months ago

Paul Tan

case closed, affected model is granmax pasar malam pickup truck

perodua models not affected

https://paultan.org/2024/01/16/daihatsu-procedural-irregularities-rectification-order-issued-3-vehicle-type-approvals-revoked/

1 month ago

SeekUndervalued

Very strong foundation at the 4.29 and 4.30. Very stable.

1 month ago

Paul Tan

finally some movement today after barcoding for so long

1 month ago

QQQM99

Any good news coming?

1 month ago

Lyo82

No bad news is a good news.

1 month ago

Paul Tan

japan resume production liao https://www.daihatsu.com/news/2024/20240130-4.html

1 month ago

Diamond7

Trending up up again!

1 month ago

Paul Tan

its quarterly report month, people FOMOing hehe.

1 month ago

Hush77

it punch through upper resistance.... more to come...

4 weeks ago

Paul Tan

did we hit all time high briefly?

4 weeks ago

DividendGuy67

Yes it did. All time high. Looking good.

4 weeks ago

DividendGuy67

MBMR closed 4.66, making new All Time High again today.
Thanks to MBMR, MAYBANK, FPI and other stocks, my portfolio also made new all time high again today.
Thank-you Mr Market!

3 weeks ago

Paul Tan

price dropping, people scared to hold through earnings ah?

2 weeks ago

geary

MBMR...added average @4.00...rationally should be around #5.00/5.50.🤓

2 weeks ago

PureInvest

Just reported (according to MAA):

Jan'23 all new car sales - 50,168 units.
Jan'24 all new car sales - 65,499 units (Higher than Year'23 sale figures).
Feb'24 all new car sales - Expected to be lower due to shorter number of days & Chinese New Year).
Dec'23 all new car sales - 78,398 units (Generally, it is higher due to year-end sale promotions).

From the reported figures, companies should be reported to still continue to do well.

2 weeks ago

yilonma

Dividend announcement next week!
2022 - 28 cents @ RM2.80 average = ~10% pa
2023 - 66 cents @ RM3.60 average = ~18% pa

1 week ago

Paul Tan

when announcement

1 week ago

yilonma

Announcement is due 29 Feb if you search for MBMR https://klse.i3investor.com/web/financial/quarter/upcoming
But quite scary, seeing the number of people selling

6 days ago

keithtrade

Some insiders got word result is disappointing maybe?

6 days ago

alibiii

result good but no dividend

6 days ago

PureInvest

MBMR's total EPS for year 2023 is 85.56 ct.
NTA is 5.45.
PE is 5.24.
Bauto's PE is 7.62.
DRBHCOM's PE is 23.57.

Looking at MBMR's non-declaration of dividend for 4th Qtr 2023 may be good in view of the followings:

1. To reflect the real intrinsic value of MBMR, the share price, even if taking Bauto's PE of 7.62, MBMR's share price should be (85.56 x 7.62 = RM6.51).

2. Even, if taking MBMR's PE of 6.5, its share price is (85.56 x 6.5 = RM5.56), which is the IB's Target Price projection of RM5.50 and also it is slightly higher than the NTA of RM5.45.

3. Looking at it, the non-declaration of a decent dividend for 4th Qtr 2023 may reveal many good stories ahead.

Well, we are investing in long term basis because all the business sectors in MBMR are showing excellent business performance and Perodua's cars/vehicles are still the king of the road in view of the followings:

1. SST of 8% will affect more on the higher end car/vehicle prices as SIME is going to announce increase in prices.

2. Perodua cars/vehicles are the best fuel consumption cars/vehicles and loved by Malaysians.

3. And so on.

6 days ago

Dakewlest

Pure invest, Just curious, why no dividend is good?

6 days ago

ChloeTai

Last time got special dividend of 20 sen. But on ex-date, the share price in adjusted down 20 sen and could not recover.

5 days ago

PureInvest

Retained earning increase the Reserve & goes into the NTA and shall be reflected into the share price eventually.

That is my opinion.

5 days ago

Hush77

ideally the company or ceo should explain why no dividend despite the good results...
or else some investors will be dissapointed

5 days ago

PureInvest

No worry for me, buy on dip for LT investment.

5 days ago

sooncy8

According to it's dividend policy (60% of net profit), it should have a 12 sens final dividend will be declare later.

5 days ago

sooncy8

Usually the final dividend will announced on April and pay in June.

5 days ago

c328

MBMR:
first, second, special (Feb24 > paid at Nov23) and final dividend (Apr24).
as this is company normal practise dividend trend.

Good result is good news compare to market other company.
high chance for good news to announce may be for take over and transfer the shares privatization.

5 days ago

iscmob

I saw the entitlement on my broker app says the past dividend announcements:
First Interim and Special Dividends @22/8/23
Second Interim and Special Dividends @24/11/23
Final Dividend (27/4/23 Previous year)
---
So, the final dividend will be announced by the end of this April.
Pls correct me if I'm wrong.

5 days ago

keithtrade

That's what I am assuming too. Cash in hand now less than previously so would be prudent to wait until April.

5 days ago

keithtrade

Final dividend usually announced late April for payment late June.

5 days ago

eugenewong794

The cash reserve is going down, also notice after flipping back all 4 qr for 2023 that they are net - ve OCF this year, last year was +ve ocf, might Wana proceed with caution

5 days ago

PureInvest

Kenanga gave a forecast of Outperform/Buy & TP at RM5.80.

TA gave a forecast of Sell & TP at RM4.36.

RHB-OSK gave a forecast of Hold & TP of RM4.10.

AmInvest gave a forecast of Hold & TP at RM4.50.

If you read all their reports, the qualitative comments differ but the quantitative comments are quite the same meaning, how many Perodua cars/vehicles projected sale for year 2024 & 2025 are similar in numbers.

Yes, maybe the difference is +/- 5% to 10%.

But, still Perodua is still going to make immense amount of profits & so is MBMR going to making these immense amount of profits because Perodua cars/vehicles are the No.1 selling cars/vehicles in Malaysia for many years too.

So, if you look their projected TPs from RM4.10, RM4.36, RM4.50 to RM5.80 (Range of RM4.10 to RM5.80 - the difference is 5.80-4.10/4.10 = 1.70/4.10 = 41.46% which is a vast difference.

Moving forward let us see which one of the above esteemed IBs' TP Projection including forecast of "Sell", "Hold" & "Outperform/Buy" is correctly forecasted.

As for me, I tend to take Kenanga's forecast of "Outperform/Buy" with TP of RM5.80 because at EPS of 85.56 ct &
even, if taking MBMR's PE of 6.5, its share price is (85.56 x 6.5 = RM5.56), which is near to Kenanga's TP of RM5.80 and also it is slightly higher than the NTA of RM5.45.

The above is merely based on MBMR's business model & its investment holding in Perodua.

5 days ago

keithtrade

New CEO since January this year may want to make his mark, dividend announcement in April should be for at least 6 sen to bring total for 23 above that for 22 so I guess somewhere between 6 and 12 sen. With current PE of around 6 and yield close to 10% I also have a target price closer to Kenaga's at RM 5.40

4 days ago

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