KLSE (MYR): MRCB (1651)
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Last Price
0.605
Today's Change
+0.005 (0.83%)
Day's Change
0.59 - 0.61
Trading Volume
21,193,600
Market Cap
2,703 Million
NOSH
4,468 Million
Avg Volume (4 weeks)
21,504,350
4 Weeks Range
0.59 - 0.695
4 Weeks Price Volatility (%)
52 Weeks Range
0.305 - 0.74
52 Weeks Price Volatility (%)
Previous Close
0.60
Open
0.605
Bid
0.60 x 2,708,100
Ask
0.61 x 355,900
Day's Range
0.59 - 0.61
Trading Volume
21,193,600
Latest Quarter | Ann. Date
31-Mar-2024 [#1] | 30-May-2024
Next QR | Est. Ann. Date
30-Jun-2024 | 30-Aug-2024
T4Q P/E | EY
28.28 | 3.54%
T4Q DY | Payout %
1.65% | 46.75%
T4Q NAPS | P/NAPS
1.03 | 0.59
T4Q NP Margin | ROE
4.25% | 2.08%
2024-06-29
2024-06-28
2024-06-27
2024-06-26
Description:
Malaysian Resources Corp Bhd mainly operates in property and infrastructure development in Malaysia. The focus of its property development and investment division is a mixed portfolio of transport-oriented, commercial, and residential developments. The company retains complete control over its own property development projects by designing, building, and contracting via its engineering, construction, and environment division. The infrastructure and concession division operates and collects toll revenue on the Eastern Dispersal Link Expressway in Johor Bahru. Malaysian Resources Corporation Berhad's facilities management operation manages, maintains, and provides security services at transportation hubs, commercial and residential buildings, and car parks.
Direct negotiations alone got:
1. 5 LRT stations - previous budget mentioned 4.7bil cost . I find this on high side but even if you take 1-2 bil. That's great potential
2. Shah alam stadium - 1bil
3. KL Sentral redevelopment - 1bil
Other potential projects in pipeline:
1. MRT3 project
2. Flood mitigation
3. HSR project
4. Penang LRT
5. I'm sure got more I don't know about
So, yes this is a growth stock. To buy for past performance is just dumb. Period.
1 month ago
Remember that you need a growth story & catalysts for a stock to move higher. Otherwise a stock won't go anywhere. Mrcb has so many growth stories & catalysts to push much much higher from here. Just be patient.
Like Warren Buffett said , the stock market is a machine to transfer wealth from the impatient to the patient. Or something like that. So, be patient. Once projects are announced it will be impossible to chase.
1 month ago
& mrcb also has Rm 1bil in cash reserves. That works out to be 25sen per share.....
1 month ago
Agreed.. in the past they also have many big projects … the execution part is the challenge.. given the opportunity, whether they can execute effectively or not is another question
1 month ago
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
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/
3 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👍
3 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.
2 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.
2 days ago
Property and construction theme are expect to rebounding soon. Especially this mrcb is way undervalued and operator press down gaogao.
1 day ago
cywmedia
I cannot tahan already. I have to say this.
Anyone who buys mrcb for past results is dumb. Anyone who expected high profits for past quarter is dumb.
You buy mrcb for growth catalysts. Mrcb has so many catalysts coming up. Look at the Prospects section of the quarterly report . No need to look at anything else. Stock valuation is forward looking. Mrcb is a growth Stock.
This is perfect time to flush out all weak holders.
1 month ago