Posted by Icon8888 > 2020-02-03 17:48 | Report Abuse

why drop so much ? coronavirus got impact meh ?

Posted by MrCraig > 2020-02-03 18:47 | Report Abuse

I'm also trying to figure out why it's dropped so much. Probably due to expectations it's Cambodia airport operations will be affected by corona virus. However, if you look carefully, the stock started sliding way before this outbreak.

Posted by Cloudboy > 2020-02-03 21:57 | Report Abuse

Major share holder is selling

Posted by gemfinder > 2020-02-03 22:22 | Report Abuse

Lai sai... charm loh

Posted by Fabien "The Efficient Capital Allocater" > 2020-02-03 23:35 | Report Abuse

wow this is interesting.

Muhibbah listed in Insider Asia top 10 buy for the next decade.

Posted by Choivo Capital > 2020-02-04 15:02 | Report Abuse

I want to, but finish research first.

===
CharlesT Ah jon dare to buy more to average down yr early batch of rm1.78 or not?
03/02/2020 12:34 PM

Posted by Choivo Capital > 2020-02-04 15:04 | Report Abuse

Wuhan is in early jan right?

The drop from last year from oil and gas drop gua.

===
MrCraig I'm also trying to figure out why it's dropped so much. Probably due to expectations it's Cambodia airport operations will be affected by corona virus. However, if you look carefully, the stock started sliding way before this outbreak.
03/02/2020 6:47 PM

Posted by ok > 2020-02-04 15:06 | Report Abuse

attractive valuation on this price

Posted by CharlesT > 2020-02-04 15:38 | Report Abuse

Choivo Capital I want to, but finish research first.

===
CharlesT Ah jon dare to buy more to average down yr early batch of rm1.78 or not?
03/02/2020 12:34 PM
04/02/2020 3:02 PM


so when u first bought at 1.78 last week u have yet to finish yr research ah?

Posted by CharlesT > 2020-02-04 15:39 | Report Abuse

after dropping 0.20 from yr first purchase price u chichen now ah?

Posted by RainT > 2020-02-05 10:54 | Report Abuse

@Fabien

can share the article about MUHIBAH is inside the top 10 buy for next decade ?

Posted by Icon8888 > 2020-02-05 15:46 | Report Abuse

I bought some

No buy no feel

Posted by RainT > 2020-02-05 16:06 | Report Abuse

up 8% only buy?

Posted by Icon8888 > 2020-02-05 16:10 | Report Abuse

My cost 164

Posted by lching > 2020-02-06 09:13 | Report Abuse

icon indeed a golden finger :)

Posted by Choivo Capital > 2020-02-06 11:24 | Report Abuse

Not chicken, disciplined!

Haha, i am forcing myself to always finish all my research before buying more.

For example, OPENSYS, my original thesis and what i found out from subsequent studying of the owners earnings, gave a somewhat different conclusion.

To finish my muhibbah research, i need to read all annual reports including original prospectus ( and compare against actual subsequent reality), to see if management is competent, do owners earnings analysis on the earnings since IPO. Do a forex differential analysis on the cambodia earnings etc.

However, i currently very busy with the restructuring of a company and agreement that has been in the news a lot for this and last year (i have not gone back from work earlier than 11pm on average for the whole year), a new business i started this year, 90 mins in the gym daily (new habit from last year), new girlfriend last year (so more paktor) and wasting time reading stupid wuxia novels (must cut this down this year).

===
CharlesT after dropping 0.20 from yr first purchase price u chichen now ah?
04/02/2020 3:39 PM

Posted by Choivo Capital > 2020-02-06 11:27 | Report Abuse

And yes CharlesT,

No i have not finished my research, but i've always been aware of the company and liked it, and had a rough idea of the price i would like.

So i was ok with buying a very small 1%+ position first.

Posted by value88 > 2020-02-06 15:37 | Report Abuse

Bought some at price weakness.
Its airport concession and crane segments will continue to do well in 2020. Its construction segment's revenue fluctuated a lot quarter to quarter, and depends on the progressive billings and therefore difficult to forecast...

Anyway, the price is cheap enough to collect now. The price weakness is probably due to people think the Wuhan virus would impact tourism and hence its Cambodia airport concession. Cambodia's is actually not much impacted by Wuhan virus, and if it is, the impact is not going to be long term.

Posted by RainT > 2020-02-06 16:20 | Report Abuse

why MUHIBAH most quarter operating cash flows is negative?

nad indication ?

Posted by Cloudboy > 2020-02-06 16:56 | Report Abuse

Major shareholder is selling....beware

Posted by RainT > 2020-02-06 17:13 | Report Abuse

why is recent quarter 3 / 2019

the profit of infrastructure construction division is just 294,000?

it is the lowest ever?

anybody know what happen?

Posted by RainT > 2020-02-06 20:04 | Report Abuse

@choivo

With work commitment
Where u have time to do such details analysis???

Wow

For me I will make it simpler by read available articles and annual reports
And filter out what can trust what is rubbish

Haha

Posted by Choivo Capital > 2020-02-06 20:15 | Report Abuse

Haha because i enjoy it i guess?

Hmm you can make it simpler if its an easy to understand business, and the price is right ?

For me, i notice that when i do these kind of really detailed analysis, i discover things that i would have otherwise missed, and alot of them are quite material.

Also when you've done that level of research and you really understand the business and who you're dealing with (management), it makes it alot easier to buy more shares and sleep when prices drop significantly.

====
Posted by RainT > Feb 6, 2020 8:04 PM | Report Abuse

@choivo

With work commitment
Where u have time to do such details analysis???

Wow

For me I will make it simpler by read available articles and annual reports
And filter out what can trust what is rubbish

Haha

Posted by Samtuckfatt > 2020-02-06 20:45 | Report Abuse

Foreign Substantial shareholders is acquiring recently
https://klse.i3investor.com/insider/substantialShareholder/5703/06-Feb-2020/478255_2030439969.jsp

Posted by Longi3 > 2020-02-06 22:53 | Report Abuse

https://themalaysianreserve.com/2020/01/31/airport-rivalry-in-cambodia-hurts-muhibbahs-shares/

Posted by CharlesT > 2020-02-07 06:11 | Report Abuse

Ah jon.this can cut short a lot of yr time for yr really detailed analysis or thesis

Posted by Choivo Capital > 2020-02-07 11:24 | Report Abuse

Haha, that is probably 80% of the reason for the drop. But im concerned on a few more things.

Posted by Fabien "The Efficient Capital Allocater" > 2020-02-08 10:17 | Report Abuse

Posted by RainT > Feb 5, 2020 10:54 AM | Report Abuse

@Fabien

can share the article about MUHIBAH is inside the top 10 buy for next decade ?


What i have is the hardcopy of weekly The Edge

Posted by RainT > 2020-02-11 11:34 | Report Abuse

@choivo

can share what few things is your concern about MUHIBAH?

Posted by RainT > 2020-02-11 11:35 | Report Abuse

@Fabien

I got that article already

thanks

quite simple article about MUHIBAH, does not deep into future prospect of MUHIBAH

Posted by chl1989 > 2020-02-11 13:02 | Report Abuse

back to rm2

Posted by loico > 2020-02-11 17:26 | Report Abuse

you think possible to back to RM2 in March?

Posted by RainT > 2020-02-12 00:05 | Report Abuse

That foreign fund keep on buying

Anybody know where is the fund from ?

Posted by Fabien "The Efficient Capital Allocater" > 2020-02-12 19:55 | Report Abuse

did i missed the boat?

Posted by Sky Liew > 2020-02-13 00:21 | Report Abuse

1.87 can back to 2.7?

Posted by chl1989 > 2020-02-13 09:30 | Report Abuse

go go go

Posted by chl1989 > 2020-02-13 15:57 | Report Abuse

tp hit. easy money. next tp 2.2 gogo

Posted by Choivo Capital > 2020-02-13 18:05 | Report Abuse

.. why lah research still didnt finish, cannot top up T_T

Posted by Sky Liew > 2020-02-14 08:49 | Report Abuse

nayang 唱衰哈哈，拿edeg6天前的新闻来讲

Posted by RainT > 2020-02-14 19:19 | Report Abuse

@choivo
faster finish your research and share with us !

today big drop, give u chance to buy

Posted by ragesliew > 2020-02-16 10:06 | Report Abuse

Go to their yard.... they just expanded their covered workshop significantly.
No construction or fabrication company will spend this kind of money unless they are expecting or preparing for some big contract award....

Posted by RainT > 2020-02-17 15:01 | Report Abuse

now i know why MUHIBAH share price was waterfall recent days

it is due to Cambodia willbuild new aiport and MUHIBAH might be ask to close it airport and get compensation

the new aiprort to be complete in year 2020

then no more concession income for MUHIBAH then

Posted by RainT > 2020-02-17 15:01 | Report Abuse

so that why la

Posted by RainT > 2020-02-17 15:02 | Report Abuse

@ragesiew

what is their covered workshop?
u mean the construction of which projects ?

or ?

please share more

Posted by RainT > 2020-02-17 15:04 | Report Abuse

where is the yard located ?

Posted by akulamatata > 2020-02-19 23:43 | Report Abuse

Concession all protected by rule and contract,I think market overact on these news which yet confirm.Dun think Cambodia government want pay compensation , there always hv win win solutions.Now the price is super undervalued

Posted by Fabien "The Efficient Capital Allocater" > 2020-02-20 20:25 | Report Abuse

the key issue is that the concession agreement does not have exclusivity clause. there is a risk of premature ending of the agrement when the new airport is completed.

anyway, right now the immediate concern is the negative impact on tourist arrivals
the lack of chinese tourists are expected to trim 0.5-1% of Cambodia's GDP

Posted by Fabien "The Efficient Capital Allocater" > 2020-02-20 20:27 | Report Abuse

depending on what perspectives you have,

for example, Kenanga TP is RM2.35 while CIMB is RM1.50

but what is certain that sentiment would not improve unless the uncertainty surrounding the airport concession is cleared

Posted by Fabien "The Efficient Capital Allocater" > 2020-02-21 19:22 | Report Abuse

you can say my statement is incomplete

but DONT u dare to accuse me of malicious intent

ozymandias There is exclusivity clause for Phnom penh and sihanoukville. Please read kenanga report and don't blindly say things.

Posted by antoniomc27 > 2020-02-22 16:28 | Report Abuse

Fabien, ignore him, your comments always add value.
Do you know where could I find CIMB report on MUHIBAH, the one with TP 1.50 ? Or would you mind copy-pasting a bit of it here?
Thank you.