MANAGEMENT CONTRACT BETWEEN BUKIT JALIL SENTRAL PROPERTY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF RUKUN JUANG SDN BHD, WHICH IN TURN IS A 85%-OWNED SUBSIDIARY OF MRCB LAND SDN BHD ("MRCB LAND"), AND MRCB LAND, A WHOLLY-OWNED SUBSIDIARY OF MRCB, FOR THE APPOINTMENT OF MRCB LAND AS THE MANAGEMENT CONTRACTOR IN CONNECTION WITH THE DEVELOPMENT AND CONSTRUCTION OF A MIXED DEVELOPMENT ON THREE (3) PARCELS OF LEASEHOLD LAND LOCATED IN BUKIT JALIL, FOR A PROVISIONAL TOTAL PROJECT SUM OF RM11,007,326,245

（华盛顿24日综合电）美国拟对中国输美产品祭重税，中方也将采取报复措施，美中贸易战一触即发；但美国总统特朗普23日表示，中国最终会以公平的方式对待美国，并称美中关系友好；“是时候了。”特朗普说，美国对中国贸易损失庞大，不能让这种情况发生。

之前放话“奉陪到底”的中国驻美大使崔天凯，23日接受彭博采访时态度也放软；崔天凯说， “中美有贸易顺差，而且颇大，我们想缩减它。”他还说，这是中美之间的协议，为了两国的利益必须缩减。

美中双方互相喊话，因特朗普基于“301调查”对中输美产品所祭出的加征关税、诉诸世界贸易组织（WTO）解决争端、限制投资，尚有协商空间与时间。

美国贸易代表署23日发布新闻稿宣布，已向WTO提交申诉文件，要求就解决中国歧视性技术许可作法进行磋商。

中国驻美大使馆面子书23日发布崔天凯接受彭博采访的影片，崔天凯表示，中美合作潜力巨大，前景看好，但关键是双方必须采取合作与建设性的方法。

崔天凯补充，但应该着重特定产业、特定产品，“你看，我们中国已经准备好向美国购买更多，很多（商品），但不知道美国是否准备好卖给我们。”

http://www.enanyang.my/news/20180324/中国若真打-这才是最佳报复对象/

Frankly speaking, since it broke the supporting at 1.03+-, its next supporting is at 0.90+-. What is important now is the price must climb back to 1.03 in order to avoid it keep dropping to 0.90 supporting. With the new awarded big project, i may expect new catalyst to upgrade its TP in short term. With current unstable market sentiment, whether investors want to buy, this is another question. We always say "do right thing in right time". Mrcb definitely is a right stock to buy. Is now d right time to buy? It has been dropping from 1.30 to 0.98, ask urself n decide. Nobody can decide for u. Ball is on ur hand.

Samuel, i am another idiot too. Ha...

This award is ftom 2018 to 2030.

Is this a good news? Latest announcement

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description MANAGEMENT CONTRACT BETWEEN KWASA SENTRAL SDN BHD, A 70%-OWNED SUBSIDIARY OF MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB") ("KSSB"), AND MRCB LAND SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MRCB ("MRCB LAND"), FOR THE APPOINTMENT OF MRCB LAND AS THE MANAGEMENT CONTRACTOR IN CONNECTION WITH THE DEVELOPMENT AND CONSTRUCTION OF A MIXED DEVELOPMENT IDENTIFIED TO BE THE TOWN CENTRE OF THE KWASA DAMANSARA TOWNSHIP, ON A PIECE OF LAND KNOWN AS MX-1, FOR A PROVISIONAL TOTAL PROJECT SUM OF RM7,461,991,606
On behalf of the Board of Directors of MRCB, RHB Investment Bank Berhad wishes to announce that MRCB Land had on 22 March 2018 entered into a management contract with KSSB, for the appointment of MRCB Land as the Management Contractor in connection with the development and construction of a mixed development identified to be the town centre of the Kwasa Damansara Township, on a piece of land owned by KSSB measuring 64.30 acres known as MX-1, held under HSD 315671, Lot No. PT50854, Mukim Sungai Buloh, Daerah Petaling, Selangor Darul Ehsan, for a provisional total project sum of RM7,461,991,606 ("Proposed Construction").

FOMC meeting will be on Thurs on interest hike. I believe market sentiment will be better on next week

Trendd OK OK let me play a game with you. If today didn't break 0.995 I nvr kacau this thread again. I will totally dissappear

21/03/2018 10:13


break 0.995, means close at 0.99 & below, right?

http://www.klsescreener.com/v2/news/view/356041

（吉隆坡20日讯）马资源（MRCB，1651 ，主板产业股）宣布以3亿2300万令吉，脱售吉隆坡嘉炳路（Jalan Kia Peng）地皮给社险机构（PERKESO）后，分析员看好该公司负债率降至0.47倍。

马资源昨天向交易所报备，独资子公司Legazi Azam私人有限公司，与社险机构达成买卖协议，脱售嘉炳路占地1.866亩的土地给后者。

根据该公司昨日的文告，计划将发展焦点转向更大型的产业发展项目，如位于武吉加里尔、赛城、八打灵再也中环（PJ Sentral）和Kwasa Sentral的项目。

因此，马资源决定脱售嘉炳路土地，以获得更多资金来部署于上述项目中。

马资源于2015年4月购入上述土地，投资成本为2亿6700万令吉。截至2016年杪的账面价值为2亿6900万令吉。

而经估价师IM全球产业顾问评估，截至今年2月19日，地皮市值3亿2300万令吉，等于售价。因此卖地可赚取5400万令吉。

分析员：将降低负债

丰隆投行研究分析员指，马资源在去年完成1配1比例发行附加股活动后，负债以已从去年第三季的1.14倍，减低至末季的0.54倍。

如今，该公司为了获得更多充足资金而脱售土地，预计能再次降低负债率，到0.47倍的水平。

无论如何，丰隆投行研究对该公司保留财测，因为上述脱售所得归非核心收益。维持“买入”投资评级和1.31令吉目标价。

脱售活动没有激励马资源今早股价，午休前跌1仙或0.99%，至1令吉，触及自去年12月以来低点。

最终收报1令吉，跌1仙或0.99%，成交量为992万2000股。

有潜力成净现金公司

有鉴于打算再脱售数项资产，因此分析员认为，马资源有潜能成为净现金公司。

他说：“高层早前提出降负债率的措施，包括脱售柔佛东部疏散大道（EDL）、亚通大厦和雅诗阁吉隆坡中环（Ascott Sentral）。”

另外，武吉加里尔的地库，马资源将注入与雇员公积金持有的联营公司。

根据马资源当时的文告，该土地将获得约14亿3000万令吉的脱售所得，可降低负债率。

What attracts me is d last few setences as below. If government can compensate d cost of construction n take over d sukuk loan, it is enough for me.

Ong also brought up the proposed takeover of Eastern Dispersal Link (EDL) from Malaysia
“What was underlined included the cost of construction, and part of the capital funded by shareholders for the payment — with a return of investment (ROI) of between 8% and 10%.

"So the formula can be used to take over other toll concessionaires such as LDP and the [Kajang]-SILK [highway],” said Ong.

http://www.klsescreener.com/v2/news/view/355947

KUALA LUMPUR (March 20): The government "will not take the risk” to bring toll concessionaires to court if they demand compensation for loss of future earnings in a premature termination of a concession contract, Works Minister Datuk Fadillah Yusof said.

“The government will not take the risk of bringing them to court. (That's because) the losers will be the government and the rakyat if there is compensation to be paid on top of the legal costs,” Fadillah told the Dewan Rakyat today in reply to a question posed by Serdang Member of Parliament Ong Kian Ming.

He said in the event of the early termination of a concession, compensation for loss of future profits is “part of the negotiation” between the government and highway concessionaires despite it not being part of terms and conditions in most concession agreements.

"When there is an agreement between both (parties), it is fine. But when one side does not agree, they will insist on [compensation] of future profits,” he added.

Earlier, Fadillah quoted a 2010 study by the Performance Management & Delivery Unit which estimated overall costs to take over all highways in the country to be RM383.3 billion — comprising costs to take over the highway concessionaires (RM45.2 billion) and costs to abolish toll collection (RM338.1 billion).

Ong argued that compensation for future earnings should not be included in the calculation, and that the government could save more by going to court instead of abiding by the terms of the concessions.

“The cost for toll abolishments include compensation for loss of future profits for the toll companies. However, in the terms and conditions of almost all toll concessionaires which I have studied, there was no mention of takeover costs based on future profits.

“What they said is the payment for cost of construction and cost of capital,” said Ong.

According to data from the Ministry of Works, the government paid Lingkaran Transkota Sdn Bhd (Litrak), which holds the concession for Damansara-Puchong highway (LDP) compensation totalling around RM1 billion between 2000 and 2015, he added.

“If they [concessionaires] don’t agree, go to court. [The government] can save on the compensation payment and and benefit the rakyat,” urged Ong.

Ong also brought up the proposed takeover of Eastern Dispersal Link (EDL) from Malaysian Resources Corp Bhd (MRCB) by the federal government, which did not include any calculation of future earnings from toll collection.

“What was underlined included the cost of construction, and part of the capital funded by shareholders for the payment — with a return of investment (ROI) of between 8% and 10%.

"So the formula can be used to take over other toll concessionaires such as LDP and the [Kajang]-SILK [highway],” said Ong.

On EDL, Fadillah said: “We have not finalised the compensation costs [for EDL], but negotiations have started.”

welcome, Adcool. At least I am more comfortable now to know that after the RI, its net gearing has been reduced from 114% in 3Q17 to 54% in 4Q17.

MRCB - Sells Kia Peng Land - HLBank Research Highlights | I3investormartinbartesque

HLBank Research Highlightsclick to expand contents

MRCB - Sells Kia Peng Land

Author: HLInvest Publish date:  Tue, 20 Mar 2018, 02:44 PM

Close 

NewsMRCB announced that it has entered into a Sale and Purchase agreement with PERKESO for the former to dispose a parcel of land (1.866 acres) to the latter for RM323m.CommentsGain on disposal. To recap, the said land was previously acquired by MRCB in April 2015 for RM267m. The audited net book value of the land (as at end FY16) stood at RM269m. As such, the disposal is expected to net a gain of RM54m for MRCB.Further reduction to net gearing . Following the completion of its 1-for-1 rights issue, MRCB’s net gearing was reduced from 114% in 3Q17 to 54% in 4Q17. With the completion of the Kia Peng land sale, we estimate proforma net gearing to be further lowered to 47%.Potential to turn net cash . Management previously shared several other de-gearing initiatives such as (i) subscription of EPF to the Bukit Jalil project; (ii) disposal of EDL; (iii) disposal of Ascott; and (iv) disposal of Menara Celcom. Should all of these measures come to fruition, MRCB’s balance sheet will move into a net cash position.RisksVolatile core earnings delivery from quarter to quarter.ForecastsUnchanged as the gain on disposal would be treated as a non-core item.Rating

Maintain BUY, TP: RM1.31

Given its healthier balance sheet post rights issue, we reckon that MRCB is now in a much better position to execute its various catalytic projects. The disposal of EDL should serve as a near term catalyst.ValuationOur SOP based TP of RM1.31 is unchanged.

Source: Hong Leong Investment Bank Research - 20 Mar 2018

http://www.klsescreener.com/v2/news/view/355373

KUALA LUMPUR (March 19): Malaysian Resources Corp Bhd (MRCB) is selling a 1.866-acre piece of land in Jalan Kia Peng here to the Social Security Organisation (Socso) for RM323 million cash.

The land was originally acquired on April 7, 2015 for RM259.16 million.

In a filing with Bursa Malaysia, MRCB said the group is expected to realise an estimated after-tax gain of RM30 million to MRCB Group from the proposed disposal, which is expected to improve its consolidated earnings per share for the financial year ending Dec 31, 2018 (FY18).

MRCB said the proposed disposal allows it to focus on its bigger property development projects such as projects in Bukit Jalil, Cyberjaya, PJ Sentral and Kwasa Sentral and at the same time, have the flexibility to reallocate its cash flows and resources efficiently among those projects.

Earlier today, MRCB's indirect wholly-owned subsidiary Legasi Azam Sdn Bhd entered into a sale and purchase agreement (SPA) with Socso for the proposed disposal.

The land's net book value stood at RM269 million based on MRCB's audited accounts for the financial year ended Dec 31, 2016 (FY16).

Still, MRCB warned there is a possibility the SPA may not be completed due to failure in fulfilling the conditions precedent as set out in the SPA, within the stipulated timeframe.

"Nevertheless, the board will take reasonable steps to ensure that every effort is made to complete the proposed disposal in a timely manner," it said.

The completion of the SPA is conditional upon Socso having obtained the approval of the Economic Planning Unit to purchase the land within six months.

MRCB said the proceeds from the proposed disposal will be utilised for the group’s working capital and property development activities within 12 months from receiving the purchase price.

Barring any unforeseen circumstances, the proposed disposal is expected to be completed by the third quarter of 2018.

MRCB shares closed up one sen or 1% at RM1.01 today, with 7.73 million shares done, for a market capitalisation of RM4.39 billion.

http://www.klsescreener.com/v2/news/view/355335

MRCB's sale of the Kia Peng land is expected to enable it to realise an estimated after-tax gain of RM30mil to the MRCB Group.
MRCB's sale of the Kia Peng land is expected to enable it to realise an estimated after-tax gain of RM30mil to the MRCB Group.

KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) is selling a piece of prime lan along Jalan Kia Peng here to the Social Security Organisation (Socso) for RM323mil, which could see it recording a profit of RM56mil.

The infrastrcuture-property company announced on Monday its unit Legasi Azam Sdn Bhd had inked a deal to sell the freehold land measuring 1.866 acres to Soco, or also known as Pertubuhan Keselamatan Social (Perkeso).

MRCB said the net book value was RM269mil based on the audited accounts for the financial year ended Dec 31, 2016.

Its market value was RM323mil based on the valuation ascribed by IM Global Property Consultants on Feb 19, 2018. The original cost of investment was RM267mil while the date of purchase was April 7, 2015.

“The proposed disposal is expected to realise an estimated after-tax gain of approximately RM30mil to the MRCB Group which is expected to improve MRCB Group’s consolidated earnings per share for the financial year ending Dec 31, 2018,” it said.

MRCB said the proceeds from the sale would be used for the group's working capital (including defraying expenses in connection with the proposed disposal) and property development activities within 12 months from receiving the purchase price.

Give mrcb another week. Fomc meeting will b on 20th n 21th March to see whether US wil raise interest. I dont expect market will b good if US raises interest. This is global issue.

Adcool, thanks.

Adcool, c24 n c25 wil b expired on 30th march. No effect on share price as c23?

No point to argue who (Gamuda-MRCB) or (IJM-Suncon) will get PDP for HSR. All here is speculation only. Every investor has his/her own belief. For those who claims has special news & confident where Gamuda-MRCB will not get PDP for HSR, then you should go to buy IJM-Suncon faster to earn big money.

http://www.klsescreener.com/v2/news/view/354267

（吉隆坡15日訊）由于競投的巴生谷捷運3號線（MRT3）總承包商合約，以及隆新高鐵（HSR）工程執行夥伴（PDP）合約具盈利上行潛能，分析員重申對金務大（GAMUDA，5398，主板建築股）的「買進」投資評級。

艾芬黃氏投行分析員認為，金務大—喬治肯特（GKENT，3204，主板貿服股）—MMC機構（MMCCORP，2194，主板貿服股）財團（簡稱GGM），是捷運3號線總承包商的領跑者之一。

然而，分析員相信，GGM可能和中國交通建設（CCCC）分享總值達450億令吉的總承包商合約。

捷運3號線合約預期將在今年4月頒發，目前尚未知悉頒發給各造的合約價值，而金務大也並未透露其在GGM財團所持有的股權和項目份額。

假設GGM財團贏得50%的合約，金務大則持有財團約40%至50%的股權，預期捷運3號線合約能將金務大的訂單推高90億至113億令吉，高于管理層所設定的60億至80億令吉的目標，同時也符合分析員預測其可在2018-2019財政年擷取150億令吉新訂單。

目前，金務大持有141億令吉訂單，其中73億令吉為土木工程項目，剩餘的68億令吉則是工程執行夥伴（PDP）項目。

與此同時，分析員認為，位于大馬的隆新高鐵基設工程可分為兩個部份，也就是柔佛區和連接吉隆坡的非柔佛區。

柔佛區工程項目可能落在楊忠禮機構（YTL，4677，主板貿服股）─SIPP鐵路公司聯營財團的手上。

至于非柔佛區，則可能由本地兩大財團展開激烈競爭，即是怡保工程（IJM，3336，主板建築股）—雙威建築集團（SUNCON，5263，主板建築股）—JalinanRejang公司─Maltimur資源公司的聯營財團，以及金務大—馬資源（MRCB，1651，主板產業股）的聯營財團。

維持買進評級

這項合約價值預期達350億至400億令吉，預期在今年中旬頒發合約。

如果金務大—馬資源的聯營財團贏得50%的PDP合約，而金務大佔項目的50%股權，那麼其訂單將提高88億至100億令吉。

該分析員認為，捷運3號線和隆新高鐵皆有望改善公司的盈利。為此，重申該股「買進」投資評級，目標價則維持在5.86令吉。

該股今日以5令吉平盤掛收，全天成交量為461萬4600股。

I think may be calvintaneng made her lost money before :)

STC1136, u bought mrcb today. Be careful, later someone scold u up n down. Ha....

Let be fair to calvintaneng. I bought mrcb-wb at 0.33 - 0.34 because of his post statement. When mrcb-wb reached 0.44 earlier, i didnt sell it because i believed it stil has room to grow further. Now, i am about in break-even after WB dropped back. We should do trading in our own risk. We dont pay any fee to calvin. Those info given by him is free. Thanks.

Q4 earning is out. I also don't know whether it is good or bad.
Among all quarters in 2017, Q4 has lowest sales turnover (408mil) but Q4 has the highest PBT (131mil) & PAT (104mil).

If compared to Q4 2016, Q4 sales turnover dropped 60% & PBT dropped 45%.

Wct n suncon also have good Q4 earning result. Let see mrcb

Q4 earning is very good.

Tabung Haji bought back 570lots on 8th Feb

Good, rebound some

It wil depend on quarter 4 earning result in end feb to boost up d price, provided d result is very positive.

Nobody knows whether DJ will keep dropping. Keep some cash is a good move also. Next week wil b CNY. I think if DJ is stabilised,mrcb wil not move a lotin short term. May need to keep it after CNY

Seems US DJ may not b good tonight

Both mother & warrant are in oversold situation. RSI for MRCB is 32, & for WB is 28. Now should be a right time for good bet. I agree with SamuelLuke that the lowest might reach 1.08

I also collected some mrcb-wb just now.

I think the drop should be about there. When it dropped to 1.13 last time, it starts to rebound as it touched supporting line. Let's see whether the same will happen

Hammer candlestick is formed on mother today. It is good. Let see whether it can close above today's closing on friday.

It has been broken support at 1.22. Hope it wil go up d support in next week.

I don't expect mrcb will b up a lot at this moment. really need new announcement to boost d price. keep waiting....waiting....zzz

no need to bother its price daily. close your eye. on 8th & 9th Jan, mrcb touched 1.30. If shareholders didn't sell anything in that time, nothing for us to get worried :)

It probably will come very very soon if it can close above 1.22.

http://klse.i3investor.com/m/blog/kianweiaritcles/144871.jsp

Chart is still ok. Short term MA20 is still look uptrend. Resistance is at 1.22 n supporting is at 1.14. I am stil waiting 2 things. 1) MA20 cross over MA200, 2) share price cross over MA200.

Look at the TA, SHORT term MA 20 will cross over long term MA 200 in 1-2 weeks time. Wait. It wil come within 2weeks time ;)

Supporting is at 1.22. Hope it wil rebound

http://www.klsescreener.com/v2/news/view/327317


KUALA LUMPUR: Affin Hwang Capital Research estimates the infrastructure works for the Malaysian portion of the KL-Singapore High Speed Rail (HSR) could be worth RM35bil to RM40bil.

It said on Monday the project delivery partner (PDP) fee for the MRT1, MRT2 and LRT3 is based on 6% of the project cost.

“Based on the same fee structure, the Malaysian PDP for the HSR project will potentially earn net profit of RM1.60bil to RM1.82bil (applying a corporate tax rate of 24%) over the 2019-26 construction period or RM200mil to RM228m per annum (based on straight-line recognition basis),” it said.

Affin Hwang Research said based on 50:50 JV shares for Gamuda and MRCB, it estimate the potential earnings lift if the JV secures the project is 21%-24% and 63%-72% respectively in FY19E.

Assuming IJM Corp and Sunway Construction’s (Suncon) share of the PDP fee is 33% each, the potential earnings lift if the IJM Corp-Sunway Construction-Jalinan Rejang-Maltimur Resources JV wins the PDP contract is 25%-29% in FY20E for IJM Corp and 100%-114% in FY19E for Suncon.

The research house said twp major packages for the HSR project are expected to be awarded in 2018.

To recap, the PDP for the Malaysian portion of the HSR is expected to be appointed by end-1Q18 while the AssetsCo contract award is expected by end-2018.

“We believe the Gamuda-MRCB joint venture (JV) has a good chance of winning the bid for the PDP role. HSS Eng could win detailed design contracts for the HSR project.

“We remain Overweight the construction sector. Gamuda and HSS are among our top sector BUYs as potential winners for the HSR project,” it said.

US Dow broke new high record, up 220p. Klci wil b good on next monday.

In Nov & Dec 17, when price was low, then tabung haji sold. Then, it bought back at higher price in Jan 18

Then, you should know the meaning :)

On 3rd jan, tabung haji bought 3.3mil unit

I choose to hold although my cost is quite low. I don't want to bet by selling it because I am worried the price will surge if there is announcement of EDL. If not mistaken, the PDP for HSR will be announced in end March. I prefer to hold it further :). Good luck to all

I bought mrcb-wb only because it is GE theme stock + construction them stock. Whatever projects to be awarded in 2017 & 2018, we will see its earning coming in in 2018 & 2019. Keep potential construction stock for this & next year.