mrcb will benefit ifrom Bandar Malaysia project.
Believe me

Malaysian Resources Corporation Berhad - a New Catalyst From Bandar Malaysia
Author: sectoranalyst | Publish date: Mon, 22 Apr 2019, 10:46 AM

INVESTMENT HIGHLIGHTS
Following a cabinet meeting last week, the government has decided to revive Bandar Malaysia, since its termination in May 2017
The master development was reportedly valued at RM200b in GDV
MRCB had previously signed MOU for Bandar Malaysia TOD
The group is well positioned to undertake the project as transportation developer
We maintain our BUY call with higher TP of RM1.05
Bandar Malaysia brought back to life? Following a cabinet meeting last week, the government has decided to revive Bandar Malaysia since its termination in May 2017. The announcement was made by the Prime Minister Tun Dr Mahathir Mohamed, who further added that certain changes will be made to its original plan.

Background on Bandar Malaysia. In earlier estimate, Bandar Malaysia was reportedly valued at RM200b in GDV and to be developed in a span of 25 years. The 486-acre development, which sits on the old Sungai Besi air force base, will house transit oriented development (“TOD”), global business hub and retail lifestyle destination. Accordingly, the whole development would potentially take place over 15-25 years.

MRCB previously signed MOU for Bandar Malaysia TOD. In January 2017, MRCB had entered into a non-binding MoU with Wondrous Vista Development Sdn Bhd and TRX City Sdn Bhd. The idea was to collaborate in developing an integrated transportation terminal at Bandar Malaysia which will house the terminus of the Kuala LumpurSingapore high-speed rail (HSR) line. Following Bandar Malaysia termination in May 2017, we believe the agreement should have lapsed as it was only valid for six months.

MRCB backed by solid track. Following the project’s revival, we think that it could potentially unmask meaningful catalyst for MRCB. Whilst details are still scarce, we believe opportunities are ample given the latest GDV estimation of RM140b. Positively, it was mentioned by the PM that bumiputera participation and the use of local content will be given priority throughout the project. On that note, we think MRCB is well positioned to participate in this project, adding to its track record in building PJ Sentral and KL Sentral as transportation developer.

Wake up wake up looooooo.....
The only counter will benefit from Bandar Malaysia project is MRCB.

The only counter Benefit from this Bandar Malaysia project
Is MRCB.