MARINE & GENERAL BERHAD

KLSE (MYR): M&G (5078)

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Last Price

0.31

Today's Change

-0.005 (1.59%)

Day's Change

0.31 - 0.32

Trading Volume

985,600


10 people like this.

3,697 comment(s). Last comment by kcliew08 2 days ago

Posted by Lee Chee Wee > 2024-03-26 23:35 | Report Abuse

Current price divided earnings per share. EPS 8.37

khooowen

87 posts

Posted by khooowen > 2024-03-26 23:54 | Report Abuse

Lee Chee Wee So, the price should be how much now?

curiousq

1,083 posts

Posted by curiousq > 2024-03-27 19:28 | Report Abuse

Lee Chee Wee
Current price divided earnings per share. EPS 8.37
19 hours ago

EPS 8.37sen, how you get this?

soffone85

58 posts

Posted by soffone85 > 2024-03-29 16:55 | Report Abuse

get out and find support at 21-23 cents

Posted by Whiteevoque > 2024-03-30 02:31 | Report Abuse

Very undervalued stock. With current bullish in oil and gas sector, m&g and its peers will keep showing profitable results. Fair price should be at least 65-70 sen

curiousq

1,083 posts

Posted by curiousq > 2024-04-01 15:52 | Report Abuse

Lee Chee Wee
Current price divided earnings per share. EPS 8.37
5 days ago

EPS= 8.37 is your prediction for this year earning?

Posted by Miguel_Felix > 2024-04-02 08:59 | Report Abuse

its coming

Posted by Whiteevoque > 2024-04-03 01:18 | Report Abuse

Looking good to reach 31/34 soon

Bull13

1,098 posts

Posted by Bull13 > 2024-04-04 09:50 | Report Abuse

OSV players: Icon Offshore, Perdana, M&G. All already moved due to bright business prospect except M&G. Very undervalued counter. Anytime now...💰💰

Posted by Miguel_Felix > 2024-04-05 10:21 | Report Abuse

after raya show start

BanyakZhun

293 posts

Posted by BanyakZhun > 2024-04-08 19:26 | Report Abuse

Uptrend from now..?

Posted by Lee Chee Wee > 2024-04-22 13:22 | Report Abuse

EPS till Jan 31, 2024 this year 8.34 for financial year Apr 30, 2024..meaning the latest announced profit.

Posted by goldmanbull > 2024-04-26 14:18 | Report Abuse

Can someone show me how to get EPS 8.37? Try to sum up the last 4 quarters individually...
1.42 + 0.33 + 0.37 + 0.60 = 1.43 only. Huge difference. Please check!

Posted by goldmanbull > 2024-04-26 14:31 | Report Abuse

Lee Chee Wee, please check. If not the case, this counter is overvalued!

Posted by goldmanbull > 2024-04-26 16:30 | Report Abuse

Please sell! It is tremendously overvalued! Wrong EPS calculation in i3 investor and KLSE platform. Try adding EPS for last 4 quarters to get the real EPS.

Posted by newbietrader9 > 2024-05-08 11:51 | Report Abuse

buy on dip

Posted by Semplicita > 2024-05-09 22:05 | Report Abuse

Wanna take off soon 😅

dlyc85

2 posts

Posted by dlyc85 > 2024-05-15 16:38 | Report Abuse

goldmanbull! you are correct. EPS for M&G look not correct. EPS 8.37 look wong info.

dlyc85

2 posts

Posted by dlyc85 > 2024-05-15 16:40 | Report Abuse

but if this company still can earn money then still ok. correct EPS should be 2.72, PE9

cicakman

7,716 posts

Posted by cicakman > 2024-05-30 10:34 | Report Abuse

Anyone knoe when approx .next FYR announcement?

cicakman

7,716 posts

Posted by cicakman > 2024-05-31 09:55 | Report Abuse

Waaa... here nobody except ghost🤣🤣🤣

cicakman

7,716 posts

Posted by cicakman > 2024-06-04 09:14 | Report Abuse

M&G oso ok bah!

cicakman

7,716 posts

Posted by cicakman > 2024-06-14 18:53 | Report Abuse

Still ghost town 🤣

Posted by Lee Chee Wee > 2024-06-15 10:18 | Report Abuse

Congratulations to all who stay invested in this stock. Uptrend continues. Broke out from 0.30 bullish. Next level will be 0.50.

Posted by Miguel_Felix > 2024-07-23 17:22 | Report Abuse

start your engine!

Willy888

138 posts

Posted by Willy888 > 2024-07-24 15:47 | Report Abuse

Miguel excellent!

cicakman

7,716 posts

Posted by cicakman > 2024-07-25 12:45 | Report Abuse

Back to square one🤣🤣🤣.

cicakman

7,716 posts

Posted by cicakman > 2024-07-26 10:06 | Report Abuse

Here got ghost only.🤣🤣🤣
Midterm 0.60 ¢ +

Willy888

138 posts

Posted by Willy888 > 2024-07-26 10:31 | Report Abuse

Mr Miguel your TP please.

cicakman

7,716 posts

Posted by cicakman > 2024-07-30 11:37 | Report Abuse

Tomolo is 31st July.

Joe

1,478 posts

Posted by Joe > 2024-07-30 23:08 | Report Abuse

Was there a devident declared from this company

Superb99

6,603 posts

Posted by Superb99 > 2024-07-30 23:45 | Report Abuse

Nice profit but lousy price

Posted by Miguel_Felix > 2024-07-31 11:48 | Report Abuse

accumulate now, uptrending soon

Posted by damansaraeagle > 2024-08-05 12:24 | Report Abuse

Failed

elcarle

2 posts

Posted by elcarle > 2024-08-08 10:31 | Report Abuse

Marine & General (M&G) - Cheapest OSV Player on Bursa: The Markings & pathway of a Gem Growth stock

A closed door meeting was held with M&G Senior Management recently along with a follow up Meeting with Investors and its all system go and smooth sailing ahead. Some key takeaways from the meeting:

- ⁠Beneficiary of Petronas Ramp up in Spending and Severe Lack of Vessels in the Market: Charter rates has been trending upwards due to sustained oil prices and ramp up in O&G activities, where demand for Vessels far outstrip the supply available in the market currently. Even ship builders are enjoying brisk business with yard capacities are beyond ordinary times and unable to cope with the demand for new builts. Refer to Keyfield latest announcements on contract wins to get a feel of latest charter rates.

- New orders are forthcoming with at least 8-9 New POV Contracts (In excess of RM500mil worth) expected to be announced soon. Management is cautiously optimistic of its fortune over the next 6 years the least with orders in hand and upcoming orders expected to keep them busy.

- Expansion into the tanker market in Middle East set to come to fruition within the next year with more contracts to be secured in this segment serving from Dubai to markets in India.

Assuming M&G achieves a revenue of RM450-500 million in FY25 with net margins of at least 15-18% (conservative given the higher charter rates the market commands currently) this would result in a net profit of at least RM70-90 million, implying that M&G is trading at an ultra low and extremely undemanding valuation of 3x PE (even on a fully diluted basis, its forward PE is still well below OSV Industry averages of 10-12x, players of which has rallied tremendously over the course of the year with Market Cap exceeding half a billion (M&G is at mere RM239 million) Currently the stock is under-researched with no research coverage.

M&G deserves to be pegged at a PER of 10-12x, given its robust order book and upcoming replenishments along with its expansion plans overseas in the tanker market. With the above PE, it is reasonable to arrive at a fair value range of RM1.10-1.33 (Management and Major shareholder has assured that there wont be immediate dilution from the potential conversion of Preference Shares which will be maturing in the year 2030). From current levels, the upside is easily 3-4x, giving the stock ample room to run and narrow the gap to its implied fair value.

Luka77

7 posts

Posted by Luka77 > 2024-08-08 11:23 | Report Abuse

Cheapest OSV player not M&G la dik

cicakman

7,716 posts

Posted by cicakman > 2024-08-12 17:15 | Report Abuse

Possible RM500 million contract from Petronas.👍

cicakman

7,716 posts

Posted by cicakman > 2024-08-16 17:40 | Report Abuse

Cheapest OGSE M&G then Sealink.

cicakman

7,716 posts

Posted by cicakman > 2 months ago | Report Abuse

Where's everybody ?😃.

DragonLim

412 posts

Posted by DragonLim > 2 months ago | Report Abuse

Last 2 hours increased 4 cents.

mudaBubu

46 posts

Posted by mudaBubu > 2 months ago | Report Abuse

One day show only

cicakman

7,716 posts

Posted by cicakman > 2 months ago | Report Abuse

Stay sideline .
Up or down are daily affair for
investors .
Contra are not encourage.

DragonLim

412 posts

Posted by DragonLim > 2 months ago | Report Abuse

Today is still going up.

Posted by Miguel_Felix > 1 month ago | Report Abuse

Brent went up, got show today?

Posted by money_talk > 1 week ago | Report Abuse

Trump ending the WAR..NO CUMMING!!!

kcliew08

56 posts

Posted by kcliew08 > 2 days ago | Report Abuse

need to run?

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