There are so many tailwinds for mrcb - as long as the catalysts are there, there is a good probability of the stock going way above Rm1 on newsflow. That's how the stockmarket works. Just my 2sen...

If you look at the LRT3 project, it is clear they were screwed by the previous government when the cancellation of stations & budget cuts caused their profit margin on the project to fall to ridiculous levels. At a glance, I think the overall margin for LRT 3 project fell to around 3%. That's lower than risk free interest rate. But they had to do as national service I guess. I think the reinstatement of 5 stations will compensate mrcb for being screwed previously. Just my 2sen

& mrcb also has Rm 1bil in cash reserves. That works out to be 25sen per share.....

Remember that you need a growth story & catalysts for a stock to move higher. Otherwise a stock won't go anywhere. Mrcb has so many growth stories & catalysts to push much much higher from here. Just be patient.

Like Warren Buffett said , the stock market is a machine to transfer wealth from the impatient to the patient. Or something like that. So, be patient. Once projects are announced it will be impossible to chase.

Direct negotiations alone got:
1. 5 LRT stations - previous budget mentioned 4.7bil cost . I find this on high side but even if you take 1-2 bil. That's great potential
2. Shah alam stadium - 1bil
3. KL Sentral redevelopment - 1bil

Other potential projects in pipeline:
1. MRT3 project
2. Flood mitigation
3. HSR project
4. Penang LRT
5. I'm sure got more I don't know about

So, yes this is a growth stock. To buy for past performance is just dumb. Period.

I cannot tahan already. I have to say this.
Anyone who buys mrcb for past results is dumb. Anyone who expected high profits for past quarter is dumb.
You buy mrcb for growth catalysts. Mrcb has so many catalysts coming up. Look at the Prospects section of the quarterly report . No need to look at anything else. Stock valuation is forward looking. Mrcb is a growth Stock.

This is perfect time to flush out all weak holders.

I have no issue selling it. No sadness at all. My average cost was below 55 sen. I just want to help others to make informed decision. There are many other stocks to buy.

You don't need to type in capital letters. That behaviuor is NORMAL for a cheerleader. You sound like a cheerleader. Period.

I won't bother replying to your nonsense any more.

Hahaha. Another cheerleader who just dismisses my comments without offering a counter argument.

This forum is to discuss merits of the stock whether fundamental or technical. I sold this stock recently. I just want other investors to think for themselves why they are buying this stock. You can be a cheerleader all you want.

Mbsb's cost structure is high & margins are weak. Mbsb has a lot to prove to grow top line & bottom line. Until it shows that, investors are just hoping it improves. Hope is not a strategy.

It doesn't mean the stock can't go up. A rising tide lifts all boats,. But just remember to ask yourself why you are holding this stock. There are just too many cheerleaders at the moment.

Care to explain on what basis do you say this is cheapest bank in terms of valuation? Valuation based on what?
This stock is actually one of the most expensive relative to other bank stocks based on earnings multiple

Newsbreak: Berjaya Land, IJM, MRCB and KTMB join forces to bid for KL-Singapore HSR job. Interesting
...

https://theedgemalaysia.com/node/698603

MIDF deal only completed on 3 Oct, 2023. So it will be reflected in 4th quarter, not this 3rd quarter results

@helangtua

Posted by helangtua > 1 month ago | Report Abuse

If in doubt, zoom out.

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"When in doubt, zoom out" JC Parets @ TCAF ?
:)