Read between the numbers. Underlying is better this quarter, lower PAT due to higher tax charge, Q3 PBT is better than Q1 and Q2 and its gaining momentum from Q1 to Q3.
Its time to learn how it feels when you address others investors for being stupid in their decisions. I think now your(superbull) turn to feel it. STUPID!!!!!!
CAN ONLY SEE IMPROVEMENT NEXT YEAR IN 2020 RESULTS AS INDICATED BY :-
"MRCB's Q3 profits impacted, expects to be stronger next year
Group managing director Imran Salim said: “This year is turning out to be a challenging year.............our RM1.7 billion unbilled property sales, which will begin to produce results in 2020”.
GOT TO WAIT FOR MANY MORE MONTHS TO SEE THE LIGHT AT THE END OF THE TUNNEL.
AS WE ALSO GOT TO RESOLVE THE MATERIAL LITIGATIONS BY IJM (OVER THE CANCELLATION OF THE TUNNEL BORING CONTRACTS) AND THE ARBITRATION BETWEEN MRCB/GEORGE KENT OVER ITS LRT3 J/V)
the biggest issue with this MRCB is their fat salary for top management..even with 300 million revenue, profit just peanuts $2 m, not even 1% !!!....coz most of it goes to ceo and BOD pockets....typical GLC
Bandar Malaysia still a long way before it turns to profit. Not in 1 to 2years time. And others developers also getting a piece of it. Besides properties market are flooded with huge inventories. Too many unsold units will makes Bandar Malaysia less attractive too.
Without the generosity of the investors, this company had already bankrupted long time ago. Outstanding share has increased from 900M (2009) to 4,400M (2019) share, more than 4x. Despite is reported profit, its cash flow is very ugly.
News of Bandar Malaysia projects never mentioned any involvement of MRCB. What's had it gotta to do with mrcb? It's between IWH-CREC 60% and MOF 40% stakes. Besides MRCB not even a construction materials supplier.
Nothing concrete about Mrcb involvement yet. It just a speculative by investment bankers besides the biggest pie already taken up with the remainder shared among others developers and construction companies as well. Such as sunway which are among the top contenders.
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....
Limbeh
253 posts
Posted by Limbeh > 2019-11-21 17:39 | Report Abuse
aiyooo almost go into loss