MBM RESOURCES BHD

KLSE (MYR): MBMR (5983)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

4.44

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


2 people like this.

2,365 comment(s). Last comment by keithtrade 4 days ago

Posted by SeekUndervalued > 2 months ago | Report Abuse

Dropping because of new CEO?

Posted by WannaBeTechAnalyst > 2 months ago | Report Abuse

I think the dropping because the new appointed CEO has lesser experience in automotive business as compared to previous CEO which has vast experience in automotive background; or maybe the new CEO news bring back out the Q3 report gains boosted by land sale which happened in Nov'23; maybe no-fact checker just panic sell.

https://theedgemalaysia.com/node/695764

Hush77

1,254 posts

Posted by Hush77 > 2 months ago | Report Abuse

business as usual. the previous CEO already inform few months back that he is leaving.
New CEO has experience in M&A. So he might be able to unlock value of this hidden gem..

Posted by SeekUndervalued > 2 months ago | Report Abuse

The new CEO has a bachelor of arts in engineering and a masters in engineering from the University of Cambridge, UK so I presume he should be okay. Engineering and automotive should be related directly or indirectly with each other.

Posted by WannaBeTechAnalyst > 2 months ago | Report Abuse

Anyway it could be profit taking for swing trader but the drop is minor. Managed to exit before the panic kicks in and accumulate back at RM4.16 seeing the sellers are losing momentum but.. I could be wrong then buys more at lower price ~

GLNT

540 posts

Posted by GLNT > 2 months ago | Report Abuse

EPF blocking again? Yawn....

Amazonboy

767 posts

Posted by Amazonboy > 2 months ago | Report Abuse

Sugar in d engine...can go up...Lol

Posted by SeekUndervalued > 2 months ago | Report Abuse

@Amazonboy, of course can go up. You know the title “King of the Road in Malaysia” belongs to which brand or not. Hahaha. Awaiting for the next dividend from MBMR.

Hush77

1,254 posts

Posted by Hush77 > 2 months ago | Report Abuse

Maybe takeover offer "akan datang"

Posted by DividendGuy67 > 2 months ago | Report Abuse

MBMR closed 4.30. +2.38%. Thanks to MBMR, TENAGA, MAYBANK and 24 other green stocks offsetting 11 red stocks, my portfolio made new all time high again today!

Posted by SeekUndervalued > 2 months ago | Report Abuse

@Hush77, so fast takeover offer "akan datang"? I still haven't eat enough the dividend... Unless the takeover offer is very attractive. What is your forecast for the "takeover offer"? RM 5.50?

Hush77

1,254 posts

Posted by Hush77 > 1 month ago | Report Abuse

"Kenanga favours MBM Resources Bhd in the sector, with a TP of RM5.50, for its exposure to the economical Perodua brand and the stock’s 11% dividend yield. "

Paul Tan

146 posts

Posted by Paul Tan > 1 month ago | Report Abuse

case closed, affected model is granmax pasar malam pickup truck

perodua models not affected

https://paultan.org/2024/01/16/daihatsu-procedural-irregularities-rectification-order-issued-3-vehicle-type-approvals-revoked/

Posted by SeekUndervalued > 1 month ago | Report Abuse

Very strong foundation at the 4.29 and 4.30. Very stable.

Paul Tan

146 posts

Posted by Paul Tan > 1 month ago | Report Abuse

finally some movement today after barcoding for so long

QQQM99

1 posts

Posted by QQQM99 > 1 month ago | Report Abuse

Any good news coming?

Lyo82

396 posts

Posted by Lyo82 > 1 month ago | Report Abuse

No bad news is a good news.

Paul Tan

146 posts

Posted by Paul Tan > 1 month ago | Report Abuse

japan resume production liao https://www.daihatsu.com/news/2024/20240130-4.html

Diamond7

2,151 posts

Posted by Diamond7 > 1 month ago | Report Abuse

Trending up up again!

Paul Tan

146 posts

Posted by Paul Tan > 1 month ago | Report Abuse

its quarterly report month, people FOMOing hehe.

Hush77

1,254 posts

Posted by Hush77 > 4 weeks ago | Report Abuse

it punch through upper resistance.... more to come...

Paul Tan

146 posts

Posted by Paul Tan > 4 weeks ago | Report Abuse

did we hit all time high briefly?

Posted by DividendGuy67 > 4 weeks ago | Report Abuse

Yes it did. All time high. Looking good.

Posted by DividendGuy67 > 2 weeks ago | Report Abuse

MBMR closed 4.66, making new All Time High again today.
Thanks to MBMR, MAYBANK, FPI and other stocks, my portfolio also made new all time high again today.
Thank-you Mr Market!

Paul Tan

146 posts

Posted by Paul Tan > 1 week ago | Report Abuse

price dropping, people scared to hold through earnings ah?

geary

6,209 posts

Posted by geary > 1 week ago | Report Abuse

MBMR...added average @4.00...rationally should be around #5.00/5.50.🤓

Posted by PureInvest > 1 week ago | Report Abuse

Just reported (according to MAA):

Jan'23 all new car sales - 50,168 units.
Jan'24 all new car sales - 65,499 units (Higher than Year'23 sale figures).
Feb'24 all new car sales - Expected to be lower due to shorter number of days & Chinese New Year).
Dec'23 all new car sales - 78,398 units (Generally, it is higher due to year-end sale promotions).

From the reported figures, companies should be reported to still continue to do well.

yilonma

12 posts

Posted by yilonma > 1 week ago | Report Abuse

Dividend announcement next week!
2022 - 28 cents @ RM2.80 average = ~10% pa
2023 - 66 cents @ RM3.60 average = ~18% pa

Paul Tan

146 posts

Posted by Paul Tan > 6 days ago | Report Abuse

when announcement

yilonma

12 posts

Posted by yilonma > 5 days ago | Report Abuse

Announcement is due 29 Feb if you search for MBMR https://klse.i3investor.com/web/financial/quarter/upcoming
But quite scary, seeing the number of people selling

Posted by keithtrade > 5 days ago | Report Abuse

Some insiders got word result is disappointing maybe?

alibiii

141 posts

Posted by alibiii > 5 days ago | Report Abuse

result good but no dividend

Posted by PureInvest > 5 days ago | Report Abuse

MBMR's total EPS for year 2023 is 85.56 ct.
NTA is 5.45.
PE is 5.24.
Bauto's PE is 7.62.
DRBHCOM's PE is 23.57.

Looking at MBMR's non-declaration of dividend for 4th Qtr 2023 may be good in view of the followings:

1. To reflect the real intrinsic value of MBMR, the share price, even if taking Bauto's PE of 7.62, MBMR's share price should be (85.56 x 7.62 = RM6.51).

2. Even, if taking MBMR's PE of 6.5, its share price is (85.56 x 6.5 = RM5.56), which is the IB's Target Price projection of RM5.50 and also it is slightly higher than the NTA of RM5.45.

3. Looking at it, the non-declaration of a decent dividend for 4th Qtr 2023 may reveal many good stories ahead.

Well, we are investing in long term basis because all the business sectors in MBMR are showing excellent business performance and Perodua's cars/vehicles are still the king of the road in view of the followings:

1. SST of 8% will affect more on the higher end car/vehicle prices as SIME is going to announce increase in prices.

2. Perodua cars/vehicles are the best fuel consumption cars/vehicles and loved by Malaysians.

3. And so on.

Dakewlest

1,740 posts

Posted by Dakewlest > 5 days ago | Report Abuse

Pure invest, Just curious, why no dividend is good?

ChloeTai

1,017 posts

Posted by ChloeTai > 5 days ago | Report Abuse

Last time got special dividend of 20 sen. But on ex-date, the share price in adjusted down 20 sen and could not recover.

Posted by PureInvest > 5 days ago | Report Abuse

Retained earning increase the Reserve & goes into the NTA and shall be reflected into the share price eventually.

That is my opinion.

Hush77

1,254 posts

Posted by Hush77 > 4 days ago | Report Abuse

ideally the company or ceo should explain why no dividend despite the good results...
or else some investors will be dissapointed

Posted by PureInvest > 4 days ago | Report Abuse

No worry for me, buy on dip for LT investment.

sooncy8

14 posts

Posted by sooncy8 > 4 days ago | Report Abuse

According to it's dividend policy (60% of net profit), it should have a 12 sens final dividend will be declare later.

sooncy8

14 posts

Posted by sooncy8 > 4 days ago | Report Abuse

Usually the final dividend will announced on April and pay in June.

c328

36 posts

Posted by c328 > 4 days ago | Report Abuse

MBMR:
first, second, special (Feb24 > paid at Nov23) and final dividend (Apr24).
as this is company normal practise dividend trend.

Good result is good news compare to market other company.
high chance for good news to announce may be for take over and transfer the shares privatization.

iscmob

13 posts

Posted by iscmob > 4 days ago | Report Abuse

I saw the entitlement on my broker app says the past dividend announcements:
First Interim and Special Dividends @22/8/23
Second Interim and Special Dividends @24/11/23
Final Dividend (27/4/23 Previous year)
---
So, the final dividend will be announced by the end of this April.
Pls correct me if I'm wrong.

Posted by keithtrade > 4 days ago | Report Abuse

That's what I am assuming too. Cash in hand now less than previously so would be prudent to wait until April.

Posted by keithtrade > 4 days ago | Report Abuse

Final dividend usually announced late April for payment late June.

Posted by eugenewong794 > 4 days ago | Report Abuse

The cash reserve is going down, also notice after flipping back all 4 qr for 2023 that they are net - ve OCF this year, last year was +ve ocf, might Wana proceed with caution

Posted by PureInvest > 4 days ago | Report Abuse

Kenanga gave a forecast of Outperform/Buy & TP at RM5.80.

TA gave a forecast of Sell & TP at RM4.36.

RHB-OSK gave a forecast of Hold & TP of RM4.10.

AmInvest gave a forecast of Hold & TP at RM4.50.

If you read all their reports, the qualitative comments differ but the quantitative comments are quite the same meaning, how many Perodua cars/vehicles projected sale for year 2024 & 2025 are similar in numbers.

Yes, maybe the difference is +/- 5% to 10%.

But, still Perodua is still going to make immense amount of profits & so is MBMR going to making these immense amount of profits because Perodua cars/vehicles are the No.1 selling cars/vehicles in Malaysia for many years too.

So, if you look their projected TPs from RM4.10, RM4.36, RM4.50 to RM5.80 (Range of RM4.10 to RM5.80 - the difference is 5.80-4.10/4.10 = 1.70/4.10 = 41.46% which is a vast difference.

Moving forward let us see which one of the above esteemed IBs' TP Projection including forecast of "Sell", "Hold" & "Outperform/Buy" is correctly forecasted.

As for me, I tend to take Kenanga's forecast of "Outperform/Buy" with TP of RM5.80 because at EPS of 85.56 ct &
even, if taking MBMR's PE of 6.5, its share price is (85.56 x 6.5 = RM5.56), which is near to Kenanga's TP of RM5.80 and also it is slightly higher than the NTA of RM5.45.

The above is merely based on MBMR's business model & its investment holding in Perodua.

Posted by keithtrade > 4 days ago | Report Abuse

New CEO since January this year may want to make his mark, dividend announcement in April should be for at least 6 sen to bring total for 23 above that for 22 so I guess somewhere between 6 and 12 sen. With current PE of around 6 and yield close to 10% I also have a target price closer to Kenaga's at RM 5.40

Post a Comment