TEEXIAN1840, hopefully I am wrong but I thought the news of MRT2 would bring about a lower budget?

What did you hear about LRT3? Is it not fixed already?

The coming good news is EDL disposal which will reduce the group's debt by 25%, improving the profit margin!

I humbly guess that it will hover between 65-83c for 2H18. Good for trading!

https://www.straitstimes.com/asia/se-asia/malaysias-azmin-confirms-hsr-postponed-with-no-fine-project-to-resume-later

Looking at the candle bar, MRCB likes one-day show. It will only reward loyal shareholders. HA

Construction profit recognition is fluctuating (unclear) & property segment remains flattish and does not see robust growth/recovery in coming quarters. Will avoid unless it drops more.

Rio2814, not sure what you meant by good news. If you meant QR - property flattish, minus off the one-off land sale gains, insignificant profit from property segment.

Hopefully what Batman007 said will come true

Great!

Will MRCB remain as one of the HSR contractors?

Without the land sales gain, the result is flattish.

Property development's profit is 30,913,000, including one-off land sales gain of 31,300,000 (before tax).

Sinoboy - Hope not. I chose to leave after seeing Hibiscus today.

Congrats!

Sinoboy, before 7pm today.

Batman007 - All the best!!!

Ahza Adhwa Zulkepli - take a look at SAPNRG, see how convincing the reports were.

Yeah Ahza!

No idea, but given the prospect is uncertain, I don't expect this company to go up more than 20%, given the QR is good. I will avoid until I see 4 consecutive promising earnings.

Hey Ahza, I'm not stopping you to buy. I'm just trying to point out things. If it is wrong, please let me know. We all are learning.

Ahza, it is the closest estimation that we should follow. Otherwise, how should we estimate it? Based on the report in 2008?

From UOBKH,
EPS (sen) 5.2 2.4 3.4 4.2 4.7
ROE (%) 10.3 4.2 3.0 3.7 4.0
Net cash inflow (outflow) (129) 270 114 12
Debt to equity 77.4 76.1 74.3 72.3


You expect big fund to buy into it? Construction and properties sector are clouded. I don't think we will see it perform in 2H18.

Ahza Adhwa Zulkepli
UNAUDITED REPORT FOR THE FINANCIAL PERIOD ENDED 31 MARCH 2018, Page 11 of 25

I must remind you that you have a blind spot here. The progress of profit recognition for construction and properties can be varying. No offense. We're all discussing here. No need to personal attack anyone.

Ahza Adhwa Zulkepli SOTP valuation is 2.6 bil for properties and 1.68 bil for construction. How come 60% construction and 35% properties?

You look very confident. May I know what's your TP and time frame? Please share your EPS on this quarter report if you did your calculation.

Ahza Adhwa Zulkepli Sums of outstanding order book is 4.9 billion, leveraged from LRT3 PDP fee and MRT2 contract.

The only problem is if MRCB didn't get payment this quarter for these two contracts.

Which can be offset by higher booking of its properties.

Still a higher-than 50% chance for MRCB to have a good QR .

Engineering, Construction & Environment 366,396,000 (57%)
Property, Development & Investment 222,405,000 (35%)
TOTAL: 632,406,000

With a total contract value of approximately RM4.6 billion, these projects are still in the early phase of construction. As the pace of construction progress picks up, these projects are anticipated to form the backbone of the division’s operating profit recognition moving forward through 2018 and beyond.

What's your TP and time frame? Well, I pluck figures from QR. Why for the attack? LOL

Batman007 Ahza, they just plugged in the figures from the sky. LOL..dont fight fight just wait for the quarter to be released today! :) chill and relax..

Batman007, I don't speculate and don't make assumption.

For MRCB, construction stands at 60% (this quarter onwards) while property stands at 35%.
I will visit this company only if I see solid evidence on brighter prospect.

I could see that the management is working hard on its corporate governance but we all look at more profit and more dividend, right?

TEEXIAN, the sale of land happened on July. Today's quarter result is only up until* June. We won't see it in the account.

Batman007, I've no idea how good(bad) the QR will be. But if QR is good, the price should not plunge from .875 all the way here (10% drop is still acceptable). Yea, construction QR, the cost could be incurred first (erodes profit), and few quarters later, the profit only comes in.

Hey Daily8, yea, pretty much agreeable.

Batman007, good luck!! =) Any other stock that you monitor?

Haha Batman007, I believe your cost must be very low.

I'm a newbie and I sold my cw at huge loss.
Anyway, I don't anticipate good result for this QR, as construction QR can be very creative, like Daily8 and Sinoboy said.