MBM RESOURCES BHD

KLSE (MYR): MBMR (5983)

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Last Price

4.56

Today's Change

-0.02 (0.44%)

Day's Change

4.54 - 4.60

Trading Volume

272,400

Overview

Market Cap

1,782 Million

NOSH

391 Million

Avg Volume (4 weeks)

597,721

4 Weeks Range

4.34 - 4.66

4 Weeks Price Volatility (%)

68.75%

52 Weeks Range

3.24 - 4.66

52 Weeks Price Volatility (%)

92.96%

Previous Close

4.56

Open

4.54

Bid

4.56 x 25,900

Ask

4.60 x 16,000

Day's Range

4.54 - 4.60

Trading Volume

272,400

Financial Highlight

Latest Quarter | Ann. Date

30-Sep-2023 [#3] | 24-Nov-2023

Next QR | Est. Ann. Date

31-Dec-2023 | 20-Feb-2024

T4Q P/E | EY

6.06 | 16.50%

T4Q DY | Payout %

13.16% | 79.76%

T4Q NAPS | P/NAPS

5.33 | 0.86

T4Q NP Margin | ROE

13.82% | 14.11%

Market Buzz
Company Profile

Sector: CONSUMER PRODUCTS & SERVICES

Sector: CONSUMER PRODUCTS & SERVICES

Subsector: AUTOMOTIVE

Subsector: AUTOMOTIVE

Description:

MBM Resources Bhd is a Malaysian company which is in the business of motor trading and manufacturing of auto parts. It has Motor trading, Auto parts manufacturing, Property development and Others segments. Motor trading segment covers marketing and distribution of motor vehicles, spare parts and provision of related services. Auto parts segment comprises manufacturing of automotive parts and components, steel and alloy wheels and discs, noise, vibration and harshness products and provision of tyre assembly services. Property segment includes development of menara MBMR and Others segment encompass investment holding, corporate headquarter and dormant companies. Motor trading segment generates most of the revenues for the company.

Discussions
2 people like this. Showing 50 of 2,347 comments

Paul Tan

buy the dip. market overreacting.

2 months ago

SeekUndervalued

MBMR fundamentally is still intact. They have plenty of cash flow and are earning money. The Daihatsu effect is temporary as most car manufacturers have scandals. If you don’t believe me, you can google it. In my opinion, consumers don’t have many choices for cars under RM 50k. What you pay is what you get. You can’t expect a Axia to perform like a Volvo in term of safety rating, etc as it is technically not possible. Hence, I believe MBMR will bounce back up due to its attractive dividend and also the possibility of take over.

2 months ago

Hush77

The most affordable vehicle with good quality which is made in malaysia is perodua...

2 months ago

SeekUndervalued

What comes to consumers mind when purchasing Perodua is affordable, and also the fuel consumption. I don't think Perodua will close shop due to this news affecting Daihatsu. Same goes for Toyota/Daihatsu. Toyota is the largest market cap in Japan, if they close shop, the whole of Japan will be affected. Not only Toyota is the largest market cap in Japan, they are also the largest car manufacturer in the world. The effects on Daihatsu/Japan will be temporarily as they are resolving this issue right now. Even there is halt of production in Perodua, the demand will outstrip the supply in short/medium term. When that happens, I think everyone will know what will happen as in economic principles. In my personal view, MBMR fundamental is still intact as they are also selling other brands as well such as Volvo, VW, and others. Not only that, they are in other businesses as well such as manufacturing of wheels, etc. I believe it is a bad idea to rush to sell its shares now due to this news. I think MBMR is still undervalued at this moment, and I won't hesitate to collect more when I have available fund.

2 months ago

dawchok

Just buy at dip. Believe none of the prospective buyers take clue of the Daihatsu issue and switch to other brand. This type of issue and recall happened and resolved every year in car industry.

2 months ago

Hush77

Accumulate

2 months ago

SeekUndervalued

Hush77 Good decision to accumulate. I would also accumulate as well if I have the fund.

2 months ago

abc333

told you those panic sell will regret.

2 months ago

GLNT

Malaysia's turn to resume once govt gives the green light? Haha

2 months ago

Ayong21

Wow, seems nobody cares about the safety issue. It's true that for perodua, price and fuel savy come first, safety is last and doesn't matter at all. Guess it's time to open margin and all in now, if not there is no chance to up car anymore.

2 months ago

super911

It's not the cars that are having problem, just the test not done according to standard. So I think Perodua business will continue as usual.

2 months ago

sooncy8

没有事情了。

2 months ago

SeekUndervalued

"The company subsequently decided to stop all shipments both in and outside Japan, though they have resumed in Indonesia and Malaysia after the countries' government regulators approved continued sales" by Kyodo News. Perodua production will continue as expected. Those that sell cheap that day really feel regretted I assume.

2 months ago

GLNT

fcwong, if you wait until the issue is settled, share is already breaching new highs.

2 months ago

Paul Tan

still dropping 🤷🏻‍♂️

1 month ago

SeekUndervalued

Dropping because of new CEO?

1 month ago

WannaBeTechAnalyst

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

1 month ago

Hush77

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..

1 month ago

SeekUndervalued

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.

1 month ago

WannaBeTechAnalyst

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 ~

1 month ago

GLNT

EPF blocking again? Yawn....

1 month ago

Amazonboy

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

1 month ago

SeekUndervalued

@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.

1 month ago

Hush77

Maybe takeover offer "akan datang"

1 month ago

DividendGuy67

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!

1 month ago

SeekUndervalued

@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?

1 month ago

Hush77

"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. "

1 month ago

Paul Tan

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/

1 month ago

SeekUndervalued

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

1 month ago

Paul Tan

finally some movement today after barcoding for so long

1 month ago

QQQM99

Any good news coming?

1 month ago

Lyo82

No bad news is a good news.

1 month ago

Paul Tan

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

3 weeks ago

Diamond7

Trending up up again!

3 weeks ago

Paul Tan

its quarterly report month, people FOMOing hehe.

3 weeks ago

Hush77

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

3 weeks ago

Paul Tan

did we hit all time high briefly?

3 weeks ago

DividendGuy67

Yes it did. All time high. Looking good.

3 weeks ago

DividendGuy67

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!

2 weeks ago

Paul Tan

price dropping, people scared to hold through earnings ah?

1 week ago

geary

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

1 week ago

PureInvest

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.

6 days ago

yilonma

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

5 days ago

Paul Tan

when announcement

5 hours ago

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