Posted by yipgusing > 2017-05-25 00:05 | Report Abuse

at least not a -ve financial result ..

Posted by yfchong > 2017-07-30 09:43 | Report Abuse

bro yip... buy... when rsi low

Posted by Jolin Lai Chi Pet > 2017-08-23 12:14 | Report Abuse

drop more, i buy more. I see many Bezza on the street nowdays...........some more a new model will come out to replace Myvi soon

Posted by dompeilee > 2017-10-16 16:04 | Report Abuse

Bought some MBMR @ 2.05...Gonna b sizzling hot soon !: https://www.youtube.com/watch?v=Gf1a2qJM1Cs

Posted by Bullhunter > 2017-11-06 16:06 | Report Abuse

no volume!

Posted by Diet Pang > 2017-11-06 16:48 | Report Abuse

I see expect 2 flat...

Posted by Leow Jia Le > 2017-11-07 16:52 | Report Abuse

new myvi launching soon, good chance for mbmr !

Posted by Lau333 > 2017-11-11 12:33 | Report Abuse

Launching is set on 16 Nov 2017. Will have a better feel of the market response towards the new Myvi.

Posted by Lau333 > 2017-11-12 13:14 | Report Abuse

1500 units in two days!
The target is average 6000 cars monthly in the first 3 months. That's is nearly a third of monthly volume of ~17/18k.

Quoted'According to managing director of Perodua Sales, Datuk Zahari Husin, bookings for the new Myvi have reached an all-time high, with 1,500 units recorded in just under two days."
https://paultan.org/2017/11/11/2018-perodua-myvi-1500-bookings-in-just-two-days/

Posted by dompeilee > 2017-11-13 09:22 | Report Abuse

I'm in PROFIT!!! :) https://www.youtube.com/watch?v=7dcX8Jxro80

Posted by omightycap > 2017-11-20 12:25 | Report Abuse

Do you think the latest Myvi will help improve MBMR ?
Take a look at our technical analysis recommendation on MBMR
https://omightycap.wordpress.com/2017/11/17/new-myvi-the-related-mbmr/

Posted by Lau333 > 2017-11-29 19:05 | Report Abuse

Quoted” Perodua’s order books for the new 2018 Perodua Myvi now has 15,500 names, almost two weeks into the launch of the third-generation hatchback. The figures, given by Perodua president and CEO Datuk Aminar Rashid Salleh this afternoon, are until yesterday. The company has delivered 1,900 units of the car so far.”
https://paultan.org/2017/11/29/perodua-myvi-bookings-reach-15500-units-1900-delivered-84-1-5l-variants-grey-most-popular/#comments

As of 24 Nov: 13,000 booking in 15 days -> Book Rate = 867 per day
As of 28 Nov: +2,500 booking in additional 4 days-> Book Rate = 625 per day

Look like booking slacks after initial burst. Assuming 625 per day booking, per month rate will be 18,800 or 11,200 delivery (assuming loan approval ratio of ratio of 60%). That’s nearly double the 6000 initial target.

Hopefully, the momentum can sustain....

Posted by makubex718 > 2017-12-08 11:58 | Report Abuse

2018 Perodua Myvi – orders hit 20,000, 4,500 delivered; 184,707 vehicles sold from Jan-Nov 2017, up 1.2%

https://paultan.org/2017/12/08/2018-perodua-myvi-orders-hit-20000-4500-delivered-184707-vehicles-sold-from-jan-nov-2017-up-1-2/

Posted by bachalet > 2017-12-20 05:02 | Report Abuse

https://www.thestar.com.my/business/business-news/2017/12/16/mbm-gaining-traction/

Posted by bachalet > 2017-12-20 09:19 | Report Abuse

Going through their 2016 annual report and notice that Perodua has no debt at all in their balance sheet. The value of mbmr stake in perodua itself is higher than its market cap.

Wondering why the other big automotive players are not looking to acquire the company given it is steeply undervalue? Can easily help them in providing the profit growth for the future..

Expect a better performance starting 4Q of 2017.

Posted by wklee9113 > 2018-01-02 20:17 | Report Abuse

Why DRB can increase so much and mbmr can't increase

Posted by Lau333 > 2018-01-04 21:52 | Report Abuse

Auto loan growth decreased by -1.0% YoY for Nov, which signals sluggish growth for TIV as confirmed by Paul Tan’s data for Nov +0.2% YoY and +4.6% MoM.
https://paultan.org/2017/12/18/november-2017-malaysia-vehicle-sales-up-4-6-from-oct-0-2-up-year-on-year-ytd-is-1-3-up-from-2016/

Even worse, auto loan application actually contracted which indicates the root of auto industry’s malaise may lie with the consumer demand (which is harder to solve) rather than just difficulty to get loan.

There are two catalyst for MBMR:- volume growth and shift towards higher margin product mix. Of course, now with additional factor of stronger Ringgit vs yen. So, a shift back to profit margin of ~5% together with stronger Ringgit will probably provide just enough fuel for price to rise to around RM2.35-RM2.55. To go beyond, probably need volume growth in 2018.

Posted by ivan9511 > 2018-02-14 15:01 | Report Abuse

this ine one of course is buy so cheap buy all in also can
sure good dividend good company
business is future good

Posted by Lau333 > 2018-02-19 21:50 | Report Abuse

Anticipating a cup and handle formation? Wait for the break of the flag pattern for a push to 2.70-2.80 (based on the height of the cup)…Results should be coming soon at max 9 days!

Posted by nich0las > 2018-02-22 18:40 | Report Abuse

QR PBT -202Mil

Posted by Lau333 > 2018-02-22 18:43 | Report Abuse

Result not satisfactory. Hit by impairment adjustments totaled to RM242.5 million for the quarter. Even core also not nice, an associate profit down 23.5%. JV reduced by 34.4%....

Posted by yfchong > 2018-02-22 19:05 | Report Abuse

pengsan liao....must read q ..... fr alloy wheels

Posted by Mohd Fahmi Bin Jaes > 2018-02-22 20:26 | Report Abuse

Limit down

Posted by ivan9511 > 2018-02-23 01:57 | Report Abuse

All go in con lori luar
Tomorroe all close yee no eye
No eye see

Posted by yfchong > 2018-02-23 06:45 | Report Abuse

sure.... goes rm 1...

Posted by Lee Yih Yeong > 2018-02-23 07:53 | Report Abuse

si liao

Posted by yfchong > 2018-02-23 08:42 | Report Abuse

suspend immediately....

Posted by shareinvestor88 > 2018-02-23 08:43 | Report Abuse

Massive losses . Sell TP 50c

Posted by Lau333 > 2018-02-23 09:37 | Report Abuse

MBMR is holding better than expected.

Posted by yfchong > 2018-02-23 10:31 | Report Abuse

still have 3 months epf sneeze..

epf sneeze...
pengsan

Posted by Matthieu Seven > 2018-02-23 11:09 | Report Abuse

seem like still solid like rock

Posted by yongch > 2018-03-06 12:39 | Report Abuse

This counter like roller coaster....on 5/3 up9cents..end down 8cents...:(

Posted by bachalet > 2018-03-07 20:19 | Report Abuse

Hi yongch,

That is because there is no liquidity in the stock. The spread between the buy and sell order is a bit wide.

Hopefully the gap will reduce once the market becomes more interested in the stock. I think 2018 will be the turnaround year for MBMR mainly driven by the results coming from Perodua.

Perodua new Myvi has exceed expectation both in the sales numbers but more importantly in the sales of their premium version of Myvi which will provide better margins (profit to Perodua).

The strengthening of ringgit vs USD will also help reduce the input cost for Perodua and also for the manufacturing arm of MBMR.

In addition, the impairment of goodwill (RM145.6m) relating to Hirotako Holdings acquisition (back in 2012), the impairment of investment in Autolive Hirotako (RM52.9m) and impairment of PPE of the alloy wheel division (RM61.7m) will reduce the annual depreciation and amortization charge of the group which itself will help increase the profit.

Bare in mind that the 22.6% in Perodua itself is already valued at around RM1.1b (or RM2.80 per share) which is higher than MBMR current market cap of only RM887m. This also means that the other business is practically free at the moment.

A steel and aluminium tariff by the US will actually help MBMR (& Perodua) given that it will actually flood the global market with access steel and aluminium hence reduce their price. Which means cheaper raw material for our domestic automotive companies.

Feel free to comment if anyone don't agree on the assessment. Would like to know also other people views on the company prospect.

Thanks

Posted by resilient911 > 2018-03-09 19:31 | Report Abuse

https://www.klsescreener.com/v2/announcements/view/28831769

Posted by gsi723 > 2018-03-09 23:04 | Report Abuse

Next week 2.50

Posted by MrPauper > 2018-03-09 23:22 | Report Abuse

Some parties might take the opportunity on Monday to try cooking it up to that level but the Mandatory General Offer most probably will not be as high as the average RM2.56 paid by UMW to obtain a controlling stake in MBMR. They might just start off with an offer of around RM2.30 for the Minority holders

Posted by cricketlast > 2018-03-10 04:35 | Report Abuse

Hi mr pauper,
The MGO will be the same offer as the one made to Med Bumikar. So it will still be RM2.56.

Refer to page 4 of the announcement.


http://www.bursamalaysia.com/market/listed-companies/company-announcements/5720041

Posted by Lau333 > 2018-03-10 06:53 | Report Abuse

Still maintain listing post take over. That is a big vote of confidence.

Posted by kmohan62 > 2018-03-10 12:48 | Report Abuse

Watchout....novice investors....classic pump and dump on the way...

Posted by gsi723 > 2018-03-10 22:14 | Report Abuse

2.56 also like inadequate offer... 3.00 only ok...

Posted by gsi723 > 2018-03-10 22:15 | Report Abuse

Doesn't make sense to pay minority's holder less..

Posted by cricketlast > 2018-03-11 00:40 | Report Abuse

Hi lau,

Umw does not want to maintain the listing status of mbmr actually.
Please refer to the announcement made by umw holdings. Page 1

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5719957

Thx

Posted by cricketlast > 2018-03-11 01:18 | Report Abuse

Hi gsi,

Agree with u on the offer being too low. At rm2.56, it only represent 70% of the company's total book value of 3.68.
At least they should have offer something that is near to the book value of mbmr 22.6% in perodua. End of financial year 2016 it was rm1.1b or rm2.80 per share. End of 2017, should be higher.

So agreed that the offer should have been around rm3 for it to be reasonable.

Posted by BigMoney > 2018-03-11 08:36 | Report Abuse

Yes, the offer is too Low...

Posted by Lau333 > 2018-03-11 13:12 | Report Abuse

@ Cricketlast, indeed quoted in the announcement on the listing status. Thanks for highlighting. I also concur that UMW undervalue MBMR. Perodua is valued at RM 4.18b. Given MBMR 22.58% stake in Perodua and market capitalization @ RM 2.56 plus debt of RM 1.08b, UMW values other MBMR businesses are mere RM 140m only. At 50.1% stake already acquired, there is still sizeable stake not owned yet... Would UMW be successful in MGO to take MBMR private?

Posted by Hafid > 2018-03-11 18:24 | Report Abuse

It is fair price because mbmr other business is not making.much money.

Posted by cricketlast > 2018-03-11 19:43 | Report Abuse

Hi lau,

I am also not sure if the other minorities would accept their low offer. Take epf for example, they have been an investor of mbmr even before 2016 when the share price was traded above rm2.60 (at least since 2012 and most of the time it was higher than rm3.) It was only in 2016 that the share price actually go below rm2.60 level. And given the better prospect of perodua at the moment due to the strengthening of ringgit as well as introduction of new car models (myvi and the new suv expected in 4q18) i can only assume that mbmr financials will only get better. Even the alloy wheel business are showing good growth with breakeven targetted somtime in 2019.

I am not sure that epf would want to divest their stake now with an offer price that really do not take into account the better prospect of MBMR.

I am sure the independent advisor would say that this deal is not fair and not reasonable for the minorities of mbmr.

How much would umw needs for it to take mbmr private? Is it 90%? Hopefully they can revised their offer price if the feedback from minorities are not that great..

What do u think?

Thx

Posted by Hafid > 2018-03-11 20:13 | Report Abuse

Umw can walk always without the deal. But unlikely.

Posted by Hafid > 2018-03-11 20:13 | Report Abuse

It just like goldis where it takeover igb at lower price. At the end of the day it go through

Posted by cricketlast > 2018-03-11 21:03 | Report Abuse

Hi hafid,

Yup. There is always the possibility that it will go thru.

I think for umw the main offer that will need to go through is the current offer to med bumikar (control 50.1% of mbmr). Once they have gotten the majority interest in mbmr, they can consolodate both the income statement and balance sheet into umw financials (however with high non controlling interest portion).

At the same time they will also get majority position in perodua with a total of 59% int (upon completion of pnb equity resources 10% in perodua as well as the int held by mbmr).

Then umw will need to make a decision on whether they want to have mbmr as a listed entity or not. They will need to acquire at least 90% interest (i think, appreciate if someone could confirm this) for them to take mbmr private. For me, anything below the nta (rm3.68) makes sence for umw as it will be a value accreative transaction. And the nta is expected to only go up as long as perodua makes profit (which is most likely the case). Umw is currently trading at 2.2x their NTA.

Anyway for the minorities, if the deal with med bumikar goes through, the min price for the shares that they are holding will be rm2.56. If umw really wants mbmr for themselves, minorities might get a better deal than what is being offered at the moment.

Appreciate any comments.

Thanks.