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2 months ago | Report Abuse
Still not too late to buy back. Target price by most IB is above 80sen now. At 61 sen now, it’s still cheap
2 months ago | Report Abuse
Last call at 60sen …,,price moving now to 70sen soon
2 months ago | Report Abuse
RHB IB increase target price from 80sen to 86sen after earnings boost https://klse.i3investor.com/web/pricetarget/research/72534
2 months ago | Report Abuse
It may reach RM1 if good news in Budget 2025, MRT3 award or HSR award.
2 months ago | Report Abuse
Get ready for it to retest 70sen soon
2 months ago | Report Abuse
Q2 good result with RM54mil profit. Someone bought almost RM3mil worth of shares before closing ….price jump from 53sen to 55sen before closing. Did they know good result coming?
2 months ago | Report Abuse
KLCI index up by 23 points. The rest of counters suffer big losses. Very obvious that someone selling non KLCI counters to fund their works to push up KLCI counters.
2 months ago | Report Abuse
Expect price of Ekovest will stay low until LKH successfully increase his shareholder under the merger plan. Jackpot will only come after the merger and the listing of DUKE
2 months ago | Report Abuse
My guess is the merger plan is for LKH to increase his shareholding in Ekovest. He’s just holding about 33% now. After merger, his share will be more than 50%. That means he will profit more from the listing of DUKE. So, listing of DUKE will only happen after the completion of the merger & LKH increase his shareholding. The crown jewel in Ekovest is the 3 DUKE highways.
2 months ago | Report Abuse
The DUKE highway book value is RM7.9bil in Ekovest accounts. It’s the main asset of Ekovest. Generating appx RM350mil revenue per year. Based on 2021 projection, Ekovest want to list it at RM11 - RM12bil value. If succeed, then there is a windfall of around RM3bil. That’s RM1 per share. So, buy and just wait until 2026.
https://www.pressreader.com/malaysia/new-straits-times/20200923/281762746689829
2 months ago | Report Abuse
Wait for Budget 2025 announcement on 18 October. Construction counters like MRCB , Ekovest , IJM , Gamuda going to shoot up by end September
2 months ago | Report Abuse
MRCB readies second Gold Coast apartment development after Southport site acquisition
https://www.urban.com.au/news/qld/mrcb-readies-second-gold-coast-apartment-development-after-southport-site-acquisition
2 months ago | Report Abuse
Sold all this morning at RM1.43. Probably price going down because too expensive at this price. Just bought MRCB and Ekovest as price is relatively cheap compared to SP Setia
2 months ago | Report Abuse
Construction sector grew over 20% in 2Q, says DOSM https://theedgemalaysia.com/node/722451
2 months ago | Report Abuse
MRCB will eventually reach above RM1 ….just like WCT n UEMS. For Ekovest, need to wait until the merger with IWCITY & KNUSFORD complete and listing of the highway.
2 months ago | Report Abuse
This is actually good news. It will force Ekovest to push forward the listing of their highway assets. This has been delayed for a very long time. Note that Duke 3 is shared with KWSP.
2 months ago | Report Abuse
Ekovest is very cheap now compared to other counters. Very obvious there are operators who are blocking the rise of the price and trying collect it cheap. Buy it or just hold. The block will be removed after enough fools selling it at low price and they clean up those poor people.
2024-08-02 10:43 | Report Abuse
Budget 2025 will be announced on 18 October …. Just hold on. There will a lot of buying in construction stocks like MRCB before budget announcement.
2024-07-26 13:17 | Report Abuse
Is this new Shah Alam Sentral project related to MRCB ?
2024-07-17 16:21 | Report Abuse
If MRCB can sustain today’s momentum, it can be testing 80sen by Friday.
2024-07-17 16:11 | Report Abuse
Not surprise if MRCB will reach RM1 before announcement of Budget 2024 in October. Just a matter of time.
2024-07-17 16:10 | Report Abuse
Big percentage gain in MRCB today because it is the cheapest laggard among all GLC construction company. A bargain now.
2024-07-17 16:09 | Report Abuse
Realistically, MRCB should be above RM1 soon. NTA is at RM1.03 and most main construction company is already above or nearing their NTA. Including WCT, Gamuda,
2024-07-16 09:51 | Report Abuse
Only a matter of time before MRCB starts to catch up.
2024-07-16 09:48 | Report Abuse
MRCB suddenly become a laggard and not moving. Most constructions counters like Ekovest, Gamuda and WCT already go up a lot.
2024-07-15 16:54 | Report Abuse
Analyst predict RM1.03
2024-07-12 11:20 | Report Abuse
Analyst already start sell call on Astro. Target price reduced to below 20 sen
2024-07-12 09:27 | Report Abuse
So far, most analyst still sleeping and not yet write a report on this new RM740mil tax assessment. When they wake up and write, expect the shares to be around 15sen. Half the current price.
2024-07-12 09:25 | Report Abuse
Based on last Quarter result, Astro only got RM158mil cash balance. Unlikely enough to cover the tax assessment of RM740mil. The will need new capital raising exercise and this will dilute minority shareholders.
2024-07-12 09:21 | Report Abuse
With RM740mil additional tax, it is safer to sell it now. That’s almost half of the company’s market cap. If Astro want to appeal, they will need to pay the tax first before appeal.
2024-06-12 09:18 | Report Abuse
Finally, sold all my UEMS at RM1.25. Too expensive now at this price. Queuing now to buy MRCB at 69sen. Both counter was about same price last year. Now is buy 1 free 1.
2024-06-11 11:22 | Report Abuse
MRCB should have been 80 sen & above by now. NAV is more than RM1. But notice that someone is trying to push down the price. Probably in collection stage n waiting for fools to sell them at cheap price.
2024-06-07 12:00 | Report Abuse
Sold WCT at 83 sen. Changing to another construction company MRCB . This is still cheap at 66sen
2024-06-02 16:16 | Report Abuse
Data centre prospects? MRCB said it is in active discussions with several companies on the development of a data centre.
Management has said it is considering a build and lease model.
https://www.businesstoday.com.my/2024/06/02/slower-1h-for-mrcb-dc-prospects-could-ramp-up-2024/
2024-05-31 11:39 | Report Abuse
Target price remain at 80sen by RHB /OSK https://klse.i3investor.com/web/pricetarget/research/71633
2024-05-31 10:07 | Report Abuse
By that time, price of MRCB will be above RM1. Patience is the game.
2024-05-31 10:06 | Report Abuse
Q1 result shows lower revenue and profit because of Covid and MRCB took the prudent steps not to simply launch or undertake new project that time. Realistically, Q2 and Q3 will also be the same because all these new projects can only be billed later. The results will only flow smoothly next year.
2024-05-31 10:02 | Report Abuse
There is 2 big upcoming development projects, Bukit Jalil Sentral and Kwasa Damansara.
Note that in Q1 report, MRCB announced that they already got the land for Bukit Jalil Sentral from the government and released from the Land Bond in April, 2024. This was the main issue which is causing delay of the project. So, things will be moving for this project now.
2024-05-30 18:30 | Report Abuse
No idea whether price up or down tomorrow or next week. But I think there are people who will collect this counter before Budget 2025 announcement in October.
2024-05-30 18:27 | Report Abuse
MRCB audited report shows the land value is at RM380mil …..probably for 20% stake held by Rakan Juang in the SPV. 80% already sold to EPF at RM1.07bil
2024-05-30 18:25 | Report Abuse
The land was suppose to be given after completion of 2 projects. But now given for just project 1 + extra RM140mil. Note that the land is valued before 2017. Land value now?
2024-05-30 18:23 | Report Abuse
Look at page 7 at the Qtr Report. MRCB settled with government over the Bukit Jalil land issue in April, 2024. Land was injected in SPV with EPF at the appx value of RM1.4bil. But settlement is just RM1.3bil for release of the land.
2024-05-24 12:06 | Report Abuse
Good to hear from MRCB AGM that they are also planning to enter into Data Center and have tender for it. About time MRCB venture and diversify into new business.
2024-04-18 12:10 | Report Abuse
MRCB stands a fair chance to benefit from the three main projects by Malaysia transportation upgrade, HSR, MRT3 and Penang LRT.
Stock: [MRCB]: MALAYSIAN RESOURCES CORPORATION BERHAD
2 months ago | Report Abuse
MRCB should be retesting 70sen soon. The volume and momentum is gaining.