KLSE (MYR): MRCB (1651)
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Last Price
0.62
Today's Change
+0.01 (1.64%)
Day's Change
0.61 - 0.62
Trading Volume
6,869,300
Opening
Closing
Allotment Date
Listing Date
Issue Price
-
Units
-
Share Capital
0.000
Public Issue
-
Offer for Sale
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Private Placement
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RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,853,777,024 NEW ORDINARY SHARES IN MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB") ("MRCB SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.79 PER RIGHTS SHARE, TOGETHER WITH UP TO 570,755,405 FREE DETACHABLE WARRANTS ("RIGHTS WARRANTS"), ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING MRCB SHARE HELD BY OUR ENTITLED SHAREHOLDERS AS AT 5.00 P.M. ON 4 OCTOBER 2017 AND ONE (1) FREE RIGHTS WARRANT FOR EVERY FIVE (5) RIGHTS SHARES SUBSCRIBED FOR
Q1 result shows lower revenue and profit because of Covid and MRCB took the prudent steps not to simply launch or undertake new project that time. Realistically, Q2 and Q3 will also be the same because all these new projects can only be billed later. The results will only flow smoothly next year.
1 month ago
If you look at the LRT3 project, it is clear they were screwed by the previous government when the cancellation of stations & budget cuts caused their profit margin on the project to fall to ridiculous levels. At a glance, I think the overall margin for LRT 3 project fell to around 3%. That's lower than risk free interest rate. But they had to do as national service I guess. I think the reinstatement of 5 stations will compensate mrcb for being screwed previously. Just my 2sen
1 month ago
There are so many tailwinds for mrcb - as long as the catalysts are there, there is a good probability of the stock going way above Rm1 on newsflow. That's how the stockmarket works. Just my 2sen...
1 month ago
Target price remain at 80sen by RHB /OSK https://klse.i3investor.com/web/pricetarget/research/71633
1 month ago
Data centre prospects? MRCB said it is in active discussions with several companies on the development of a data centre.
Management has said it is considering a build and lease model.
https://www.businesstoday.com.my/2024/06/02/slower-1h-for-mrcb-dc-prospects-could-ramp-up-2024/
4 weeks ago
Yes. Its good news for MRCB. Seems all companies are going for data center projects. Rail projects are stil rolling for MRCB xpecially Penang LRT..MRT3 and HSR👍
4 weeks ago
MRCB should have been 80 sen & above by now. NAV is more than RM1. But notice that someone is trying to push down the price. Probably in collection stage n waiting for fools to sell them at cheap price.
3 weeks ago
Kai, scolding again? Why and what for? Investment don't work like that (shout and scold then it will go up meh?) My2c
2 weeks ago
Singapore is open to new ideas including proposals on the Kuala Lumpur-Singapore High Speed Rail (HSR) project at the upcoming 11th Malaysia-Singapore Leaders’ Retreat, said Singapore Prime Minister Lawrence Wong.
The new Prime Minister said that during the retreat, Singapore would take stock of the progress of the ongoing discussions between the two countries.
“And of course, along the way, there may be new ideas that come up, and we are open to hearing from Malaysia if there are proposals for the HSR project.
“Whatever the new ideas are, we will keep an open mind and we will discuss it in the right spirit of taking our relationship (further),” he told a joint press conference with Prime Minister Datuk Seri Anwar Ibrahim here today.
2 weeks ago
How many time thy Wana talk about this..let's on the project..malasia really susah
2 weeks ago
Now 60 sen support level in danger. Hasn't dropped to such a low level for several months.
4 days ago
Property and construction theme are expect to rebounding soon. Especially this mrcb is way undervalued and operator press down gaogao.
3 days ago
Should be coming good news.
“The alignment was finalised after various discussions were conducted with all parties concerned.
“The Penang government agreed with the alignment proposed by MRT Corp, with the passenger station to start from Bayan Lepas to Komtar and one line to Butterworth (Penang Sentral).
21 hours ago
Investormy
There is 2 big upcoming development projects, Bukit Jalil Sentral and Kwasa Damansara.
Note that in Q1 report, MRCB announced that they already got the land for Bukit Jalil Sentral from the government and released from the Land Bond in April, 2024. This was the main issue which is causing delay of the project. So, things will be moving for this project now.
1 month ago