YES, this is a 'con' counter, most of sellers of this counter 'con' by UBS & AMS, they pushed the price down from around 65.0 sen to current level. so that someone can collect cheap, hehe haha.
NO worry, not many people notice this counter yet at the moment, wait till it;s 70.0 sen. As for now, either I make 'noise' or not, the price will still stay cheap for us to buy. They like to buy high and sell higher, but I buy LOW and sell HIGHER HIGH. Cheers.
No news mean consolidating. With the insurance compensation and new joint venture with one of the leading British technology company (Revenue more than $4.7bil), will definitely see improvement in the coming quarter and years.
The company has yet to managed to rebound back from the fire incident occurred in 2017. 1Q19 result was actually a small core net profit of RM100k (after excluding impairments, write downs, forex and fair value adjustments). Given that the full recovery of its main factory in Klang is only expected by June 2019 (the earliest), investors need to be prepared for the company to post at least another 2 quarters of disappointing results. We will still need to look if the company will be able to regain back the trust of some of the customers that were lost due to the fire incident.
Investors need to take note that the FY18 high profit does not comes from core operations but mainly from the insurance claims (relating to the fire). The total claims amount for FY18 was around RM160mil. If you were to exclude that (and also the write off and impairments) the core result for FY18 would have actually been a loss of around RM40mil.
MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.4x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.
FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).
MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.3x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.
Not that fast, will takes few years to do so. Machinery will get the benefits 1st follow by infrastructures then only cloud storage. Aside of that, the HDD sell over year keep dropping. Part of it is due to HDD storage capacity keep increasing. The read n write head can more utilize the same media disc spacing. So only similar component needed for a larger storage HDD and less selling in term of volume. Seagate or WD definitely can get higher profit margin with similar parts needed, larger storage media with higher price but not those who provide the low tech parts. Unless Notion able to develop a precise media separator like one company does :).
first half already losing -6.36m, based on below so fully year still will be have profit? salted fish will go life? wait and see
"For the second half of FY2019, we expect improving sales and the Board is cautiously optimistic that FY2019 will be profitable despite the loss making first half."
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
setia2u
971 posts
Posted by setia2u > 2019-03-07 14:39 | Report Abuse
Counter of the year, will see RM1.00 by mid year!