@hopetobecorrect,. I think the prospect is bright.

Esok akan naik sampai 32 sen

Current sentiment shifted to recovery cum political linked stocks. MSM, MMC, MNRB , MRCB etc. I think Bstead and Bplant may be the next 2 counter fitting to the theme. It can be very interesting if they report reasonable level of profit for Q42020 which will be announced within this month. Bear in mind election may be not very far away .

The company concession business has been stable and the main contributor. The plantation business should turn around with very high CPO. If the company can win some infrastructure jobs its prospect shall look good. TP 50 sen may be near

With strong momentum backed by solid fundamental I think TP $2 is achievable.

Nice closing . Steady momentum . Looking positive supported with very strong fundamental.

You may miss it totally should there be another limit up like last Thursday. Next price limit up may come when insurance sales completion or privatization is announced. But we don’t know if it is going to be tomorrow, a week later or a month later . Better hold on to what you have if you truly believe in its deep value.

Takaful’s 2020 EPS $0.44 and dividend $0.12.
MNRB’s 2020 expected EPS $0.25 and full year dividend may be 6-8 sen .
Takaful share price is $5/-
MNRB should worth $2.50 since EPS and dividend is about half of Takaful????
In term of NTA, MNRB is double of takaful.
Just for invoking some thinking.

You may not be able to buy back lower than what you sold . Hahaha....

The 3 'M'undervalued gems are finally seeing lights at end of tunnel -MNRB, MPHBcap and MMC.

It's $1.12 now!

MNRB is powering ahead. Hold on for some meaningful gain.

You may NOT see any meaningful dip as buying opportunity. Very few willing to let go until insurance business disposal completed and /or privatisation news which are in the last look lap already. Perhaps the IBs who are in discussion with the Management in handling the transactions privy to the information and that has caused the limit up last week. Otherwise, how to explain the price limit up last Thursday?

Plantation companies will report excellent yoy Q1 and Q2 2021 results. The IBs will upgrade the Outlook and TP for plantations companies. The Media will have a lot of positive news to report.

This stock was about $1.20 in 2017 after adjusting for the RI. Now the highways is so near to completion I think share price should catch up to at least $1.20 soon.

Nice closing. Up 7%

I think Generali didn't exercise the put option which expired end of last year has a lot to tell.

iyin666, BNM has in last August agreed for MPHB to sell up to all the remaining share it owns . I think now it is just a matter of closing the sales with the buyer.

Based on FY2021 EPS at 10x PE, it may fetch $2.20 if 15x PE , it is $3.30.
MPHB sold it's insurance to Generali at more than 3x book value. Globally, insurance company sales is transacted at 2-5 x book value .
How much you think MNRB worth if PNB decide to divest part of it's holding?
Bear in mind MPHB is in the highly competitive general insurance and yet fetch > 3x book value. MNRB is in the fast growing and profitable takaful segment and it's the only RE insurance operator in Malaysia.
Just my view . Not a buy or sell call

Present price of $1.40 is still below the cash + liquid investment in the book after the full disposal of insurance business! All the prime properties collectively worth $4-6 per share (?) once monetised. You have to do your research before any buy or sell decision.

@Opportunate,. Yes, I miss the land at telok tempoyak. All are prime properties worth a few $billions You can be assured that the company will continue to monetize the assets one by one at the right market contidition . Since listing in 2015, the company had monetised a few assets and with huge cash pile the company didn't at all show any interest to pursue new investment . I. strongly believe that privitasing the company is on the card . Considering that the opening listing price was about $1.35 6-7 years ago and it had rallied to $2.70 about a year after listing and the massive valuation for all the assets, $3/- per share is not too much to ask for .

I think the sales of remaining 51% insurance business is a done deal . These 51% will bring in about $350mil based on the previous disposal price which work out to be about $0.50 cash per share . This will add to the the existing $1 bil worth’ of cash and investment securities in the book. Total cash and liquid invest per share may swell to over $1.35 bil or $1.88 and debt free. Other extremely valuable assets include :
5 acres of land in jalan imbi at $3,000 psf (?)
12.27 acres of flemingo hotel by tthe lake at ampang worth $500 mil(?)
1,800 acre of land adjourning to Rapid at $30-40 psf(?)
340 acres of land at Gombak sekangor
2.33 acre of hotel flemingo Penang
What you think the privatisation price should be if the controlling shareholders intend to take it private now under present depressed market?

MNRB will the next surging stock like MPHB capital and MMC. Seriously undervalued by the market . It’s matter of time . I suspect we don’t have to wait very long .

how much can shortseller make by driving down Bstead? I begin to wonder the motive behind this.

I hope it drop further for me to collect more.

Important rule not to get yourself into huge problem when your luck runs out. : (1) don’t get too carried away when your star shine (2) go back to fundamental . It’s just a friendly advice.

Uptrend oil price is good for PetronM as the company is likely to make higher profit for the inventory bought earlier. Cracking margin is improving. Sales is improving with opening of economic sector and increasing economic activities and traveling will spur demand for its products . Pent up demand after covid can be a boom for petronm. Just my view .

They usually declare on final dividend in April, No interim dividend. It has been like this since 2013.
Once the management has a view of how business going to be in 2021 by April, I suspect they will still pay dividend for FY2020 though will be lower than 12sen last year .

Sengkee, don’t take the revaluation or book value of assets published by companies too seriously. There is no regulatory requirements to mark the fixed assets to real market value . Per Bplant annual report 2020, malakoff estate of 562.3 ha has book value of $64.2 mil ($114,174/ha or $1psf). In 2019, Bplant sold 138.89 ha of the same estate for $136,043,971 ( $979,509 per ha or $9 psf). Do you see the difference?

Yippy68, the Kedah Aerotropolis spanning 9841 acs (4,000 ha) is located in Sidam Kiri , near Sg Petani. Bplant has many estate near sg petani and kuala ketil which is also very near to the project location. Do you have specific information which estate is involved?
It is also reported in the media that $2bil will be spent to acquire the 4,000 ha. This works out to be $500,000/ha or $200,000/ac. If indeed Bplant land is to be acquired that is very good news to shareholders. This is an asset monetisation that is very much needed resume good dividend to LTAT members, benefiting minority shareholders of Bplant and bstead along the way .

Multibagger, In this age of social media proliferation, there must be some forums or avenues that we can promote investor activism and to defend minority rights. If you have any idea pls let me know . I am keen to do something. Let’s find ways to promote awareness to minority investors to at least make effort to show up in AGM and EGM as a start . Sadly , our MSWG is lamb duck and not effective.

Kelvinzzz, I guess not. A big project or any transaction involving huge track of land have to make disclosure. So far, I don’t see or hear anything. The Solar park is due for opening ceremony by the sultan sometime this week already. It’s a private venture and I guess it make no economic sense to have it built on expensive industrial area where MPHB 1,800 acres is just next to Rapid. MPHB’s land fetch $30-40 psf if converted to industrial title is too expensive for solar power project.

Ooihk899, after spending time studying this counter not too long ago , I concur with you that it is truly an undervalued gem. I hold the view that the poor valuation is due to inconsistent and low dividend in recent years . I find that things is changing fast after the company meeting the capital adequacy requirement imposed by BNM thru’ RI 2 years ago. I think the recent years poor dividend has got to do with capital preservation to expand the Takaful business. Takaful insurance is growing and very profitable.
It is also recession proof. Just my view.

Bursa grant 1 month extension to companies to report QR because of MCO

4th Q results may or may not be bad. I think it also depends whether the new Group CEO who just step in is going to do kitchen sinking, an exercise many new leadership fond to do so that he show his good performance after taking over. In this respect, I am not concerned for the 4th results.

It is very true the controlling shareholders in many biursa listed companies are taking minorities for a ride. The BOD are often working to the interest of the controlling shareholders not for all shareholders! I think minority investors also have themselves to blame. In all the AGM I attended in last many years , I saw very few interested minorities attended . Even the few around don't use the opportunity to scrutinized the mgt and BOD by asking the critical and important question. That's why the controlling shareholders can get away easily for whatever unfair actions or mismanagement . Simply , if minorities don't care, you don't expect the controlling shareholders to care . Is high time for minorities to wake up and go in full force to show our strength. If we packed the AGM venua with angry voices and faces I am sure it is going to be different.

Incomplete sentence:........ ie one week BEFORE AGM 2020.

You can Google for summary of the key matters MNRB AGM (and also EGM ) to see the above published information.

In AGM 2020, when the question on dividend was raised , the response from the company is roughly as below:
Due to regulatory process, the company was not able to obtain the approval in time to declare a final dividend for FY2020 ending 31/3/2020 prior to AGM2020 held on 24th Sep 2020. Pls note final dividend require shareholders approval in AGM. Consequently, the company instead declared 3 send interim for FY 2021 ending 31/3/2021 on 17th Sept ie one week . This means the 3 sen paid in October was supposed to be the final dividend for last FY. Interim dividend does not require shareholders approval.

There is a dividend policy adopted by the board since 2008 to pay 40 to 75% of the group net profit as gross dividend. There is however a proviso in it that the dividend amount subject to availability of cash, gearing position, future capital requirements for growth etc... This policy has NOT been revoked .
In EGM 2019 to approve the dividend reinvestment plan, it was further reiterated that there is no change to the dividend policy mentioned above .

TheContrarian and ooihk899, the hope for a final dividend ( possibly a handsome one) is not dashed. Just be patient to wait until the next AGM.

bwho, it is usual for Management to play safe to issue neutral statement. Measure management quality by the track record in profitability.

FFB yield pattern never the same every year . It shift because of many factors including weather. Don't have to be overly concerned output m-o-m or corresponding month of previous year. Monitor production over quarterly total or half yearly total. People in the industry don't expect more than +|- 5% swing in production unless there is serious management issue.

Timber business drag down profitability of the company. This been the case for many qtrs in the past . Without timber, the company is min better shape and worth a lot more . I just wonder why the management allow this timber pain to linger for so long . I have no complain at all about the palm oil business but very sore on Management's indecisiveness on the loss mm along timber section . With State government restriction on logging activity and production, there is no future in the timber business.

I guess you have to pay much higher price once the toll turn profitable. It's a question to buy it very cheap now or to pay much higher price when profit is visible. The choice is yours . Don't forget WCE also own 40% of the 1,800 acres Rimbayu development managed by IJM. It's a valuable?assets at very low cost in the book. It also provide steady income over long period of tines .

Bursa grant blanket extension for 4q results announcement until end March .

Endgame, just be patient for a little longer. I think it will pay off.

Hedging in future market sometimes you gain something lose. No big deal .

Below expected 4th Q results is due to $30+ million loss in derivatives. I think SOP sold at lower price in the future market and unexpectedly CPO climbed higher . Sop has to book the loss which is the price difference . It’s an accounting entries . Next qtr result will be much better ..

TheContrarian, which other undervalued gem you have spotted ? Hope you don’t mind to share.