First level of support, 3.22. If this is breached, 3.05. Watch for the 3.20 level - this is the golden fibo level which if broken, will signify a sell-out by the corporates. Sellers are dominating over the last four weeks.
Sell call? Everyone knows after ex date the stock will normalised. But to fall to below rm3.30, I’m skeptical. After all, perodua having strong order log and I’m waiting their EV coming into market
As of 2023-04-28, the Intrinsic Value of MBM Resources Bhd (MBMR.KL) is 8.06 MYR. This value is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 3.66 MYR, the upside of MBM Resources Bhd is 120.1%.
Mbmr is undervalued.. EPS around 50 sen.. pe around 7x Dividend >5% Its stake in perodua is valuable Previously umw tried to takeover for that stake at low price..
The key is performance of Perodua. As long this company can keep up with its competitive edge and has long vision towards EV, MBMR should be in safe hands.
reentered some today at RM3.45 & RM3.47, didn't expect this company can maintain profitability after the end of sst exemption last year. hopefully can get some consistent dividend payout if not good price ride this round.
as long as the economy weak, perodua will still one of the best choice for the public, the sales will be consistent in strong demand in next few years.
MBMR still performing well, looking at overall growth in last 2 years. Low cost vehicle has strong demand with current economy situation. A sweet spot for MBMR.
5 months ago, someone shared a YouTube post saying MBMR is a sell when 7 analysts call a Buy. I actually concurred with the long term chart analysis and sold some around 3.95. The chartist also dream a very strong support line since 2008. I also concurred and think this stock is worth accumulating near support line as the dividend yield is fantastic.
This kind of long term stock price chart is suitable for long term dividend holding. Much higher dividend yield than BESHOM and looks much much better too.
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....
sasword
1,167 posts
Posted by sasword > 2022-08-01 11:07 |
Post removed.Why?