Posted by Fabien "The Efficient Capital Allocater" > 2020-02-24 20:16 | Report Abuse

what i had is a hardcopy.

but what i can tell, the main difference between CIMB and Kenanga can be attributed to the discount factor to the computed RNAV. it's a matter of perspective really

both came up with RNAV of RM3 though the valuation of individual businesses are different as methodology is different. Kenanga with 30% discount v. CIMB 50%

that's the beauty of investing. valuation is an art.

we can't discount the fact that there are uncertainties, which i have already mentioned. it all depends on how you weight those risks v. benefits

at this price, what does it implies? what are the market expectations ?

that's the hard part that we, as investors, need to find out.

i also had a report by Nomura, which i had obtained from Muhibbah investor relation, with a TP of 2.43 with a 20% discount factor.

Posted by antoniomc27 > 2020-02-25 12:51 | Report Abuse

Thanks for the explanation.

Posted by hng33 > 2020-02-26 12:10 | Report Abuse

add muhibah at 1.70

Posted by sakurako > 2020-02-27 21:00 | Report Abuse

somehow i start to losing patience with this stock, fundamental is good and accumulating since RM2.8...

Posted by Choivo Capital > 2020-02-28 13:56 | Report Abuse

wow

Posted by ramada > 2020-02-28 19:06 | Report Abuse

-11.48 sen.
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5703

Posted by gemfinder > 2020-02-28 20:03 | Report Abuse

No wonder,keep,droping. Insider,oredj,knew,bad result

Posted by RainT > 2020-02-28 20:14 | Report Abuse

Make loss

Posted by value88 > 2020-02-28 20:40 | Report Abuse

Poor results due to project claims and variation orders. I think the management did kitchen-sinking in this quarter as all the bad things dump together into this quarter's account.
What can hope is its stock price has plunged so much in past 1 year and has taken into account this quarter's poor results.

In next quarter, almost sure Muhibbah will back to profitability, so just has to endure for next 3 months till Jan-Mar'20 quarterly result to publish..

Posted by Icon8888 > 2020-02-28 20:44 | Report Abuse

If it is one off then Monday is the time to buy

Posted by RainT > 2020-03-02 09:34 | Report Abuse

how we small ikan bilis can know it is one off or not ?

now is 1.40, another 1 year low

if buy now then come out next quarter result, it is not one off then share price will sink deeper,loss even more

if not buy now, if it is really one off then share price rally up then miss the boat to make big profit

Posted by RainT > 2020-03-02 09:36 | Report Abuse

anbody can give opinion, this is one off for kitchem sinking or is permanent on MUHBAH ?

Posted by RainT > 2020-03-02 09:37 | Report Abuse

Back to profit is easy but want make the profit to grow is hard

will MUHIBAH profit can grow next quarter ?

Posted by RainT > 2020-03-02 09:46 | Report Abuse

quarter result in the financial review section dont disclose much information

Posted by uptrending > 2020-03-02 13:26 | Report Abuse

as of 31st Dec 2019 Assets (000')
Property, plant and equipment 896,537
Investment in associates 688,156
Other non-current assets 138,736
Total non-current assets 1,723,429
Receivables, deposits and prepayments 686,518
Contract assets 628,301
Inventories 267,899
Current tax assets and other assets 10,614
Cash and cash equivalents 606,719
Total current assets 2,200,051
Total assets 3,923,480


Investment in associates alone worth rm688, 156,000 which is more than the Market Cap of rm679M @rm1.40

59.3 % in Favco is free... The construction business is free...

Posted by RainT > 2020-03-02 14:13 | Report Abuse

yup the NTA of MUHIBAH is far below the share price

now many companies also like that

but if the prospect is not good, make loss again in coming quarters or profit reduce, share price also cannot go up

Posted by RainT > 2020-03-02 14:16 | Report Abuse

@uptrending

thanks for insight

Posted by uptrending > 2020-03-03 07:09 | Report Abuse

VINCI AIRPORTS (Muhibbah's partner in the 3 Cambodia Airports with concession up to Oct 2040 and VINCI holds 70%)

World’s second-largest airport operator, serving 255 million passengers in 2019 (+5.7% on
a comparable network base)
● A diversified network in 12 countries: 325 new routes opened in 2019
● A committed sustainable mobility player
With 255 million passengers served in 46 airports in 2019 (+5.7% from 2018....)

The joint venture company holds exclusive rights to THE OPERATION OF THE AIRPORTS IN PHNOM PENH...

I think the worries on their Cambodia Airport Concession are overblown..

Posted by uptrending > 2020-03-03 08:26 | Report Abuse

FIL Limited And Pandanus Partners L.P,
The 2nd largest shareholder now holding 9.946% bought 2,345,000 shares in Feb 2020, from 3rd Feb to 20th Feb, (price range :1.57 - 1.98) after the breakout of covid-19 and news of new airports in Phnom Penh and Siem Reap.

Don't they worry about the concession and the Covid - 19?

Posted by RainT > 2020-03-03 12:57 | Report Abuse

@uptrending

i am also thinking why the foreign fund keep on sapu MUHIBAH share in view of all the bad news

is there any good news that we dont know?

in quarter report, nothing much has been disclose

Posted by Choivo Capital > 2020-03-03 13:00 | Report Abuse

No idea if kitchen sinking.

but hmm, im buying it mainly for the airport, need to study abit more

Posted by uptrending > 2020-03-03 14:27 | Report Abuse

It's cheap. They have been buying @3, @2, why not @1.5-1.9?

I think no worries on termination of Airport concessions as compensation has to be paid, by the government via the new concessionaire of the new airport according to market values/investment, upon termination and upon the new airport come into operation.

Anyway, Cambodia Airport (Vinci Airport and Muhibah JV Co) has the exclusive rights to the OPERATIONS of Airports in Phnom Penh.

I believe the interests of Muhibbah is well protected and any arbitration has to be held in a Switzerland Court.

Posted by RainT > 2020-03-03 16:52 | Report Abuse

@choivo

study study study

faster share out your study findings la

Posted by Fabien "The Efficient Capital Allocater" > 2020-03-03 21:04 | Report Abuse

at this price, it is a steal

Posted by uptrending > 2020-03-03 22:42 | Report Abuse

Exactly

Posted by eugeen > 2020-03-04 17:22 | Report Abuse

sad...

Posted by uptrending > 2020-03-04 18:12 | Report Abuse

Noted buyers, likely with a main buyer emerged today, patiently collecting @1.38..

Posted by RainT > 2020-03-05 16:07 | Report Abuse

another low at RM1.37

Posted by RainT > 2020-03-05 16:08 | Report Abuse

Its only a steal for those who not yet buy and waiting to buy in

for those who bought MUHIBAH at higher price is loss money until mother also cannot recognise

Posted by Keyman188 > 2020-03-06 08:13 | Report Abuse

Fundamental strong...

Slowly slowly accumulate...

Don't one short all in.......

Plenty of room further downside risk now for Bursa Malaysia...

Personally point of view, KLCI can fall to range of 1150 ~ 1220 within next 18 months...

Posted by JohnT1223 > 2020-03-06 08:57 | Report Abuse

Unrealised loss until my mother can't recognised me already. Anyone with me? Haha

Posted by Martin99 > 2020-03-06 10:48 | Report Abuse

LEMBAGA TABUNG HAJI 04-Mar-2020 Disposed 83,300
LEMBAGA TABUNG HAJI 03-Mar-2020 Disposed 100,000

Posted by KAQ4468 > 2020-03-06 10:52 | Report Abuse

aiyaaaaa

1.3 now

Posted by Newbieinshare > 2020-03-06 12:29 | Report Abuse

fundamentally good company. Now whole market down cause fear of covid-19. Once market recover and rebounded and ppl will discover this gem

Posted by JohnT1223 > 2020-03-06 13:04 | Report Abuse

Sad 1.3.. Paper loss 30%

Posted by RainT > 2020-03-06 15:24 | Report Abuse

continue to sell down

Posted by RainT > 2020-03-06 15:25 | Report Abuse

@john

dont sad

as long as you still hold it, not sell it, it just unrealised profit

Posted by RainT > 2020-03-06 15:25 | Report Abuse

my hope is on the Cambodia airport

Posted by RainT > 2020-03-06 15:26 | Report Abuse

yup

need closely monitor MUHIBAH , and acquire in stages

hope my strategy is right

Posted by prince4 > 2020-03-06 15:39 | Report Abuse

Covid-19 and politician unstable make economy slown down fundamental company metamorphism ,expect local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold .
market stock RM5.00 drop to RM 2.00 ,followed RM2.00 drop RM1.00,followed RM1.00 drop to 50 cent,followed 50 cent drop to 20cent ,followed 20 cent drop to 10cent ,followed 10cent drop to bottom.
This is a opportunity markets money no longer will flows in cheaper stocks sharks will goreng lows price stock at bottom..

Posted by JohnT1223 > 2020-03-06 15:54 | Report Abuse

@Raint, what is your price holding? Come share with me let me got partner accompany me lol

Posted by RainT > 2020-03-06 17:59 | Report Abuse

@john

my average price RM1.60, crying

but stand by bullets to scoop more in down more but will wait longer first

Posted by JohnT1223 > 2020-03-09 09:42 | Report Abuse

Gg 1.1

Posted by RainT > 2020-03-09 14:27 | Report Abuse

mega sales today

Posted by RainT > 2020-03-09 14:27 | Report Abuse

Choivo

What u think MUHIBAH price now? buy more

Posted by KAQ4468 > 2020-03-09 14:30 | Report Abuse

20 cents can arrr ?

Posted by Fabien "The Efficient Capital Allocater" > 2020-03-09 20:26 | Report Abuse

@Rain

i'm on same boat with you too. my cost 1.60

Posted by gemfinder > 2020-03-09 20:43 | Report Abuse

50sen,coming

Posted by mf > 2020-03-09 20:45 | Report Abuse

Dow set to tank 1,300 points, Treasury yields crater as oil crashes amid all-out price war

Posted by sakurako > 2020-03-09 21:41 | Report Abuse

my 1st purchase was 2 May 2019 RM2.8, when it drop i keep buying ... i lost more than 50% capital in this stock, i...