Although I am not an expert, but pls allow me to share some info on TA chart. Its MA 20, 50 & 100 are starting to be uptrend. Is good sign. However, its current price is still below MA200 at 1.285. When it crosses the MA200, I will expect more uptrend will come. Current RSI at 80 which is considered overbought. Not surprise if there is minor correction. I am an investor, not trader. I am not targeting short term gain.

Resistance is at 1.25. Good sign as it will close at 1.26 which is above resistance

http://www.klsescreener.com/v2/news/view/326065

Malaysian Resources Corp Bhd
(Jan 3, RM1.25)
Maintain add with a higher target price (TP) of RM1.31: With 2018 being an “election year”, along with a massive pipeline of infrastructure projects (driven by rail), we are turning more upbeat on Malaysian Resources Corp Bhd (MRCB).

The group’s infrastructure outlook is shaping up to be more rail-focused (Kuala Lumpur-Singapore high-speed rail’s [HSR] and East Coast Rail Link [ECRL]), especially for the Gamuda Bhd-MRCB joint venture, which will be gunning for the project delivery partner (PDP) scope of the HSR project. Supported by Gamuda’s rail credentials, MRCB could land its second, but much larger-scaled, PDP contract after the light rail transit Line 3’s RM9 billion.

Toll collection for the 100%-owned Eastern Dispersal Link (EDL) was abolished on Jan 1, 2018. This is part of the government’s initiative under Budget 2018, whereby toll collections for three highways, namely Batu Tiga, Shah Alam and Sungai Rasau in Selangor, Bukit Kayu Hitam in Kedah, and the EDL, will be discontinued. The expected annual toll compensation is RM70 million as reported by the press, which quoted the second finance minister.

The Edge Markets reported recently that MRCB has been invited by the works ministry to commence negotiations on terms of the “mutual termination agreement” for the EDL’s concession.

We view this development positively as it would bring MRCB closer to concluding the delayed EDL deal, carve RM1.1 billion of the EDL sukuk (25% of total debt) off its balance sheet, and remove a big overhang on the share price. With an EDL sale, its end-September 2017 net gearing of 1.1 times would drop to 0.75 times (by our estimates).

We believe MRCB’s construction prospects would be enhanced by potential new rail tenders. MRCB and Gamuda Bhd will be collectively bidding for the PDP role of the HSR infrastructure construction on the Malaysian side. Based on our calculation and an assumed 6% PDP fee, financial year ending Dec 31, 2019 (FY19) to FY20 earnings per share could nearly double with the HSR PDP scope.

We believe the worst is over for its share price, having fallen 3.5% in 2017. The stock trades at a 20% discount to its fully diluted revised net asset value (RNAV) of RM1.45.

This is unjustified, in our view, given the renewed infrastructure/order replenishment outlook and revival of the EDL divestment angle, which is long overdue.

We think the group’s RM2.9 billion total value of jobs in tender has more upside in 2018. Our assumed RM800 million job wins per annum could be exceeded if it achieves higher-than-expected success rates for its rail tenders.

We believe the rail contract news flow in the first half of 2018 could revive sentiment on the stock. We retain “add”, in view of the likely positive construction news flow in the months ahead. Our TP is raised as we revise the value of selected land banks (at an unchanged 10% RNAV discount). We expect more details of the HSR PDP tenders in the next two to three months. Potential PDP awards are likely by mid-2018. A key downside risk is weak job wins. — CIMB Research, Jan 2

http://www.klsescreener.com/v2/news/view/326081

Malaysian Resources Corp Bhd (-ve)

SHARES in Malaysian Resources Corp Bhd (MRCB) (fundamental: 0.8/3, valuation: 1.4/3) triggered our momentum algorithm yesterday for the first time since November 2015.

The counter closed nine sen or 7.76% higher at RM1.25 after some 82.5 million shares were traded, versus its 200-day average trading volume of 10.17 million shares.

On Dec 26, MRCB said Lembaga Tabung Haji will be purchasing a 70% stake in its wholly-owned subsidiary, 59INC Sdn Bhd, which owns three pieces of land in Setapak measuring 111,195 sq m, for a mixed development, for RM100.14 million cash.

MRCB and the pilgrim fund’s wholly-owned TH Properties Sdn Bhd have inked agreements to form a joint venture for the development to be undertaken by 59INC. The proposed mixed development will comprise apartment blocks, a shopping centre, car parks, shop offices and other facilities.

D premium of WB is 32%. Seems it becomes very attractive now.

Y WB has little movement only while mother has been up a lot?

WB seems up slowly today compared to mother

DRBHCOM up 23.5%, FGV up 6.5%, MRCB up 3.6%

Most of GLS companies like FGV, MRCB, DRBHCOM r up.

steady. A party took almost 10mil unit between 1.15 & 1.16, no need so fast run. Moreover, it just breaks resistance of 1.15.

broke resistance of RM1.15 :) more to come

http://www.sinchew.com.my/node/1714528

2017年迄今，金务大（G A M U D A，5398，主板建筑组）获160亿令吉工程，怡保工程（I J M，3336，主板建筑组）92亿令吉、马资源（M R C B，1651，主板产业组）74亿、双威建筑（SUNCON,5263,主板建筑组）握69亿和WCT控股（WCT,9679,主板建筑组）和家盟吉（GBGAQRS,5226,主板建筑组）撷取29亿令吉工程。

艾芬黄氏强调，所有名下研究的建筑公司有超过3倍的订单值对比营收纪录，这将为建筑公司提供更清晰的盈利。

这包括家盟吉13.4倍、马资源8.6倍、金务大6.2倍、怡保工程4.3倍、WCT控股4.1倍、双威建筑3.6倍。

金务大与马资源合伙竞标隆新高铁的计划履行伙伴（PDP）合约；两者在铁道与火车站的丰富经验，获标机会浓厚。

艾芬黄氏建议“买”进怡保工程和马资源等大资本股。

Ladybird88, for your reference. Just doubt whether rm70mil compensation is good enough

http://www.freemalaysiatoday.com/category/nation/2017/11/14/is-govt-bailing-out-mrcb-by-ending-edl-toll-asks-dap/

If government compensates est. rm70 mil per year as news in newspaper, is it good enough to boost d share price up?

Almost 75% is selling volume today. Really dont understand

Mrcb-c16 will b expired on 29th dec. After it is expired, mrcb wil fly. Moreover, there have no warrants to b expired in jan 2018. Next expiration is in end Feb.

http://www.klsescreener.com/v2/news/view/322605

KUALA LUMPUR (Dec 22): Malaysian Resources Corp Bhd (MRCB) said it has been invited by the Works Ministry to commence negotiations on terms of the mutual termination agreement for the Eastern Dispersal Link's (EDL) concession.

In a stock exchange filing, MRCB said it would make necessary announcements once terms of the mutual termination has been finalised for the highway in Johor Bahru.

The announcement follows Prime Minister Datuk Seri Najib Razak’s statement in Budget 2018 that toll collection would be abolished at EDL, as well as at the Batu Tiga and Sungai Rasau toll plazas on the Federal Highway in the Klang Valley, and at Bukit Kayu Hitam in Kedah.

Second Finance Minister Datuk Seri Johari Abdul Ghani had later on said the government might instead extend the concession, instead of offering cash compensation.

It would have cost the government RM1.75 billion or RM70 million annually, if the government abolished the EDL toll, Johari reportedly said.

MRCB was awarded the 34-year concession to design, construct, operate and maintain the highway at a cost of RM1.27 billion on June 26, 2007.

The 8.1km highway connects the end of the North-South Expressway at the Pandan Interchange to the new Customs, Immigration and Quarantine complex in Johor Baru.

Previous reports indicate MRCB has been looking to dispose off the EDL, since it does not regard it as its core business, while making up about 36% of its total debt.

In October last year, its chief corporate officer Amarjit Chhina was quoted as saying MRCB was considering options to remove it from its balance sheet, which would see its gearing fall to 0.5 times then.

At that time, two parties had indicated interest to acquire the highway, one of them being PLUS Malaysia Bhd.

MRCB's share price closed unchanged at RM1.08 today, for a market capitalisation of RM4.73 billion.

Just imagine whether there is special dividend to be given after the disposal of EDL. Possible?

In term of TA chart among MRCB mother, WA & WB, chart of WB is the best for uptrend.

Better no news or announcement in dec. Fund managers have started to take vacation. Let news comes in Jan 18, it is better

https://www.thestar.com.my/business/business-news/2017/12/20/kl-singapore-hsr-calls-for-joint-tender-for-assets-firm/

KUALA LUMPUR: Malaysia and Singapore have called for a joint tender for an assets company (AssetsCo) for the Kuala Lumpur-Singapore High Speed Rail (HSR) project.

In a joint statement issued by MyHSR Corporation Sdn Bhd of Malaysia and SG HSR Pte Ltd of Singapore on Wednesday, they said bidders will have until June 29, 2018 to submit their proposals.

“A tender briefing will be held in Kuala Lumpur on Jan 23, 2018. Through this open, fair and transparent procurement process, MyHSR Corp and SG HSR target to jointly select a qualified bidder by the end of next year,” they said.

All tender submissions will be evaluated for their technical solution, commercial robustness, financial sustainability and price.

The AssetsCo will be responsible for designing, building, financing and maintaining all rolling stock, as well as designing, building, financing, operating and maintaining all rail assets (e.g. trackwork, power, signalling and telecommunications).

The AssetsCo will also coordinate the system’s network capacity for operations and maintenance needs.

The call for tender follows extensive preparations by MyHSR Corp and SG HSR since the Kuala Lumpur-Singapore HSR Bilateral Agreement was signed by both governments in December 2016.

They said the project is a complex and extensive transport infrastructure project for both countries, which will generate huge socio-economic benefits arising from the increased connectivity and travel efficiencies.

MyHSR Corp CEO Datuk Mohd Nur Ismal Mohamed Kamal said: “We are delighted with the progress thus far with the submission of the Section 4 Land Acquisition Act completed, on-going Public Inspection for alignment within Malaysia, recently launched Project Delivery Partner (PDP) and today’s joint tender launch of AssetsCo.

“We welcome all interested parties to submit their best proposal for the AssetsCo tender,” he said.

SG HSR managing director Rama Venkta said: “Today marks a major milestone for this game-changing project, which will dramatically improve connectivity between Singapore and Malaysia.

“We are heartened by the enthusiastic response from the market for the Kuala Lumpur-Singapore HSR so far. Their feedback at the two industry briefings has been valuable in helping us design the parameters of the AssetsCo tender.”

http://www.theedgemarkets.com/article/gamudas-jv-seen-likely-bag-hsr-pdp-job

This article first appeared in The Edge Financial Daily, on December 19, 2017.

Gamuda Bhd
(Dec 18, RM4.83)
Maintain buy with a lower target price of RM5.95: Gamuda Bhd posted results for its first quarter ended Oct 31, 2017 (1QFY18) with revenue coming in at RM771.8 million (-24% quarter-on-quarter [q-o-q], +53% year-on-year [y-o-y]) and core earnings of RM203 million (+98% q-o-q, +25% y-o-y). Gamuda’s 1QFY18 core earnings made up 26% of our and consensus FY17 forecasts, which were within expectations.

The mass rapid transit Line 2 (MRT2) (RM32 billion) is progressing well with 97% of the work packages already awarded. Overall progress on the project delivery partner (PDP) scope is at 13.3% while the underground work is 19.5%-complete. The first tunnel boring machine has been delivered to site and the first tunnel drive is expected to be launched in February 2018.

While aborting the PDP model for MRT3 may be a slight setback for Gamuda, we reckon that not all is lost. As about 80% of its alignment will be underground, the PDP scope would have been limited to begin with as it applies only for the elevated portion. Management has shared that MRT3 will have a mandated local content requirement in the range of 40% to 50%. We believe that Gamuda has a participating chance in the underground work via subcontracts given cost advantage as its existing 12 tunnel boring machines for MRT2 can be redeployed for MRT3; it has experience with the MRT1 and MRT2; and it has done extensive soil condition research.

Last month, Gamuda announced that it would form a 50:50 joint venture (JV) with Malaysian Resources Corp Bhd (MRCB) to bid for the high-speed rail’s (HSR) PDP role. The PDP will be in charge of the civil and infrastructure work (ex systems and rolling stock) for the Malaysian stretch of the HSR, estimated to be worth RM35 billion to RM40 billion. Contenders for the PDP role must be led by locals. We reckon that the JV is in a strong position to win the role as both parties are two of the few contractors with PDP experience (MRT1 and MRT2 for Gamuda and light rail transit [LRT] 3 for MRCB). Rail track record-wise, Gamuda has MRT1 and MRT2, Northern Double Track and Kaohsiung MRT while MRCB has LRT Ampang and MRT2 elevated viaduct. Tender for the HSR PDP will be closed end-January with a possible award by mid-2018.

Gamuda’s earnings upcycle is poised to hit another round of multi-year high in FY18 and FY19. It is also a key play to ride on the upcoming mega rail projects such as the HSR, East Coast Rail Line, and MRT3. — HLIB Research, Dec 18

http://klse.i3investor.com/blogs/trading_idea/141706.jsp

Stock Name: MRCB (1651)
Entry: Buy above RM1.07
Target: RM1.15 (7.5%), RM1.18 (10.3%)
Stop: RM1.02 (-4.7%)
Shariah: Yes
Technical: Consolidation breakout

seems WA is not laku compared to WB.

If u buy sunway or warrant, u must know its pattern. Normally it wil b up only if there have corporate exercise or announcement. This is a long term investment counter. Need to keep it for 1-2 years.

Do u have any idea on investing in WA or WB is better? Pls share. Thx

After next week, then only wil b up more. 12 n 13 Dec have FOMC meeting for interest hike.

Wb seems is still overpriced.

http://www.klsescreener.com/v2/news/view/314445

calvin, thanks for sharing.

Hi Calvin, why do u buy WB, not WA? Do you think when is the right time to sell WA due to its maturity in Sept 2018? Pls share. Thx.

I just bought mrcb-wa. Maturity is in Sept 2018. Is still safe to hold it.

http://www.theedgemarkets.com/article/gamuda-mrcb-joint-bid-hsr-job-positive-surprise

Good:)

Time passed very fast. For those holding wb, need to be careful as wb will b expired in sept 2018.

Share consolidation n private placement

Stead n be patient. Dont forget that sunway has 51% share in suncon. Sunway will build 5 units of new hospitals.

https://www.thestar.com.my/business/business-news/2017/11/04/sunway-construction-back-on-investors-radar-screen/

Supporting price for WB is 0.605. I think it will rebound after touch 0.605+-

Directors start to buy wb warrant..Good sign

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5584301

strong buying rate since last few days ago. should have something on very soon.

http://www.theedgemarkets.com/article/top-glove-says-talks-glove-maker-not-adventa-nor-supermax?type=malaysia

Strong resistance at 0.375-0.38. Need some time to break.

I think investors earn some, then sell it again. They dont hold for long time. I believe it will b fly higher only IF d Q3 earning in end Nov is good. If not good, then go to holland again.

This last 10min dump is not happen on sunway only. I noticed that airasia is d same.

TA is for reference only. Bollinger line is narrowing. MACD is crossing above signal line. These shows the downside should be over. However, uptrend signal is not strong enough. Buy on your own risk.

Nobody wants its dividend

Klci drops almost 8p. If sunway just drop 1 or 2sen, i take it ok

Important is sunway mother up. Owing more mother than son.

MACD & Signal line is in U-turn mode. If it can close above 1.85, then further uptrend appears.

79% of buying rate on sunway

Suncon got big LRT project. Sunway has huge shares in suncon. Hope it will have positive effect on sunway.