Posted by Bamboo Green > Apr 2, 2021 1:09 PM | Report Abuse

Think this way, if only limited available shares out there, it supposed easier to move as institutional investors are not easily throw even price up

Posted by Bamboo Green > Apr 2, 2021 1:10 PM | Report Abuse

Not like those companies with lots of small retailers, whose price is normally very volatile

Companies with many institutions are more stable in prices

Posted by keonkx123 > Apr 2, 2021 2:59 PM | Report Abuse

But stability come with a price - a counter with good dividend yield but low to zero movement in share price. Thats not good to me, as i am looking for both dividend yield and capital gain

Posted by zen_2k > Apr 4, 2021 2:49 AM | Report Abuse

good luck to u keonkx, those are very rare

Posted by keonkx123 > Apr 5, 2021 9:30 AM | Report Abuse

Thanks TT

Posted by ValueInvesting > Apr 8, 2021 6:13 PM | Report Abuse

MBMR's board has proposed a final dividend of 9 sen, which would bring the total dividend for FY2020 to a total of 20 sen. At the current share price of RM3.40, this is an impressive dividend yield of 5.88%!

Posted by RaksasaKambing > Apr 8, 2021 8:21 PM | Report Abuse

Really impressive.

Posted by RaksasaKambing > Apr 9, 2021 9:08 AM | Report Abuse

The latest proposal for MBMR to buy back another 10% shares will probably be approved, so this will lead to less shares out in the open market for retailers. They probably want to do it because prices are still quite low at this stage, and more treasury shares means more of the dividends get kept in the company as cash flow. What does it mean for retailers?

1. Less exposure to open market means less volatility, less likely to goreng.
2. Higher treasury shares will incentivise them to continue their dividend policy or even make it more generous.
3. On the short term, the buy-back will trigger a rise in share prices, because of temporary buying pressure. This may raise interest in this counter.
4. It will likely improve the financial ratios of the company. They are basically taking advantage of their current high profits but discounted share price.

Posted by ValueInvesting > Apr 9, 2021 9:53 AM | Report Abuse

@RaksasaKambing (haha, what an interesting username by the way) I agree with your assessment on the positive impact of share buy-backs by MBMR. However, do take note that the company has received the mandate to buy-back its own shares since 2003 as can be seen in this company announcement https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=60752
However, MBMR has not been buying back its shares for at the past few years. They are likely keen to maintain the current public shareholding spread to avoid triggering any MGO requirements and to allow the share price to float organically.

Posted by WannaBeTechAnalyst > Apr 14, 2021 1:04 AM | Report Abuse

Ahahaha @Gtrade can literally explains why earth is flat instead of sphere shape.


"@Gtrade MBMR sells PERODUA cars to the B40 mkt.These group of people especially from the Felda and oil palm sector ,benefit from CPO price touching 4000 rgt. While almost every sector are suffering except glove and semicon sectors, these people are laughing to MBMR Perodua cars

CPO price hit 4000 rgt region will benefit good management plantation company. Car related company, especially those that cater to B40 will benefit too. Felda settlers will be zooming to car dealers for their favorite 20k-70k car, not BM w or Mercedes showroom . Kimloong, MBMR should benefit from current commodity bull rally"

Posted by Up_down > Apr 14, 2021 11:09 AM | Report Abuse

Nice story. Play safe with MBMR.

Posted by Cakes Moon > May 27, 2021 9:44 PM | Report Abuse

Good QR.

Posted by SincereStock > May 28, 2021 12:56 PM | Report Abuse

low PE, high DY, below NTA, cash rich (cash balance is more than total liability), good future prospect, proven to be resilent to covid / mco by the most recent continuous excellent 3 QRs

value investors, don't miss the boat while it is still undervalued

Posted by RaksasaKambing > May 29, 2021 6:36 AM | Report Abuse

There will be a beat down due to the new MCO. I expect good entry prices will come in the next week, maybe (optimistically) even sub 3 ringgit

Posted by RaksasaKambing > May 29, 2021 6:39 AM | Report Abuse

Will be watching this counter

Posted by SincereStock > May 29, 2021 11:41 AM | Report Abuse

yea haha, will try to grab more too if there is good discount

Posted by SincereStock > May 31, 2021 10:52 AM | Report Abuse

bought 36 lot at 3.16 just now haha @raksasakambing did u got some too?

Posted by SincereStock > May 31, 2021 3:34 PM | Report Abuse

possibly the last mco before Malaysia mass immunity, takut apa, this morning free discount on uptrend stock for nothing, no more discount, TP easily rm4 above

Posted by RaksasaKambing > May 31, 2021 8:32 PM | Report Abuse

@Sincerestock my TP is a bit lower than current prices. Maybe it won't move much due to high institutional holding

Posted by SincereStock > May 31, 2021 9:46 PM | Report Abuse

perhaps retailers also learned their leason previously, won't panic selling that much already this time

Posted by SincereStock > May 31, 2021 9:48 PM | Report Abuse

3.15 is a very much tested bottom as of now

Posted by SincereStock > Jun 1, 2021 9:03 AM | Report Abuse

good start of fmco, strong gap up!

Posted by RaksasaKambing > Jun 1, 2021 11:27 AM | Report Abuse

Additional loan moratorium is a big deal for the industry.

Posted by PenangLang9180 > Jun 2, 2021 9:58 AM | Report Abuse

Previously scheduled to end on June 2021, now extends to the end of this year.

https://paultan.org/2021/05/31/government-extends-sst-exemption-period-again-to-dec-30-2021-100-on-new-ckd-cars-50-for-cbu/

Posted by SincereStock > Jun 2, 2021 10:28 PM | Report Abuse

cash > total liabilities = risk free = high potential to improve the already very high dividend payout by further improving EPS or simply recurring current EPS in upcoming QR (current already high DY is still just less than half of the total earning)

next QR YoY also has very good chance to improve as the last same QR records negative result, thus further lowering the already very low PE with the release of next QR

positive future prospect + loan moratorium + extends of sst excemption

undoubtly the current most undervalued among the listed automotive companies

Posted by SincereStock > Jun 2, 2021 10:41 PM | Report Abuse

big volume is yet to come since the latest QR released on 27 may, the price has already shown to be moving in positive direction, imagine what will happen when bigger volume come in, don't wait until too late

personally myself have just entered this counter since 28 may after research on this company on 27 may, realising it is deeply undervalued. afterward on next trading day 1 june, add on again by successfully buying the dip during the fmco panic sell. currently still holding tight with good paper earning already, can't wait until it fly~!

Posted by flippiwippi > Jun 3, 2021 8:30 PM | Report Abuse

good company to move capital after mmccorp privatization...

Posted by SincereStock > Jun 4, 2021 8:10 AM | Report Abuse

@flippiwippi definitely, but I already invest major part of my capital here, maybe my mmc capital and profit can go else where, any other good suggestion?

Posted by aliyusof > Jun 17, 2021 12:09 PM | Report Abuse

SincereStock, u still keep mmc till SCR completion? Not buying more at 1.81? Mmc really undervalued stock that SM will have it for himself loh...

Posted by SincereStock > Jun 17, 2021 12:17 PM | Report Abuse

@aliyusof buy more already at 1.80 earlier, just not all in, need some free cash for opportunity else where also, don't want put all money in 1 basket, beside there is still risk here although it is very very minor one

Posted by aliyusof > Jun 17, 2021 12:23 PM | Report Abuse

Agreed. Rsk quite low, think SM will get it at 2. He has very good succesful privatization track record in the past.

Posted by SincereStock > Jun 18, 2021 11:57 PM | Report Abuse

market index recovered quite a lot today, mbmr still few steps behind, bauto also just released improved QR, but of course mbmr is still far better, PE 7.15, DY 6.16, NTA clean clean net cash and asset, time for the price to catch up with it's true value

good chance to enter or reenter while it is still at weakness next trading day

Posted by Che115 > Jun 22, 2021 6:13 PM | Report Abuse

hello I am new here~ wah Kenapa letak SD logo？

Posted by Jeffson87 > Jun 22, 2021 11:29 PM | Report Abuse

Sincerestock, can consider uchitec. Reasonable PE, high DY, low debt, stable growth. Can have a look for long term investment =)

Posted by Jeffson87 > Jun 22, 2021 11:31 PM | Report Abuse

Forgot to mention very very high ROE too. If it matters to u. Cheers

Posted by SincereStock > Jun 24, 2021 10:20 PM | Report Abuse

@Jeffson87 I prefer stock price with NTA discount, anyway thanks for your suggestion

Posted by keithtrade > Jun 25, 2021 7:43 AM | Report Abuse

MBMR great value at current price, safe long term investment with a 6% + yield.

Posted by Jeffson87 > Jun 26, 2021 10:35 AM | Report Abuse

Sincerestock. I see. Can have a look at Oriental Holding or MFCB then.

Posted by SincereStock > Jun 26, 2021 12:48 PM | Report Abuse

@jeffson87 I just checked both, Oriental not bad, cash balance more than total liabilities. I like clean NTA like this. but MFCB actually priced above NTA, the NTA not yet updated after recent stock split. thanks again for your kind suggestions

Posted by shiby > Jul 5, 2021 11:26 AM | Report Abuse

anyone in this forum receive the divident the recently ex?..

Posted by keithtrade > Jul 5, 2021 2:43 PM | Report Abuse

Yes came into my account on Friday

Posted by RaksasaKambing > Jul 5, 2021 4:16 PM | Report Abuse

Yeah came in for me too

Posted by keithtrade > Jul 7, 2021 6:38 AM | Report Abuse

Is the factory closed during current MCO?

Posted by RaksasaKambing > Jul 9, 2021 2:42 PM | Report Abuse

I believe automotive manufacturing isn't open during MCO. Sales won't be running anyhow, but if they could do some manufacturing during this, there would be more stock ready for when things re-open. The wait time for some car models was quite long due to demand

Posted by shiby > Jul 13, 2021 6:44 PM | Report Abuse

@ RaksasaKambing fyi rtd @ jpj office already open since 1st july.but sale for may /june 2021 will report low number due to mco so no need to be panic

Posted by RaksasaKambing > Jul 14, 2021 9:36 AM | Report Abuse

One thing to note is how automotive sales work. If you're in F&B and you close for 2 months, those two months are lost because people will just have to get their food elsewhere. When you open back, they don't come and buy the quantity of food they lost for 2 months. Whereas when it comes to buying vehicles, if you are going to buy a car in 2021/22, it doesn't matter that you can't buy during a certain month. The pent-up demand will come back when the stores re-open.

With that said, it is still important that the economy does well. If people don't have money, they can't buy cars. But overall I do not expect the total sales to be much affected by the intermittent closures. More important is whether production levels stay up and the marques we invest in continue to offer competitive models that the market wants.

Posted by wallstreetrookie > Jul 21, 2021 4:10 PM | Report Abuse

With fewer new cars being made amid a shortage in critical semiconductors, both retail consumers and rental car companies have gone to the used-vehicle market to get the wheels they need. Wholesale prices have soared as a result, up 54% in April from a year earlier at Manheim, the nation’s largest vehicle auction house.

Most analysts say the increase in car prices, like the spike in inflation as a whole, will likely be transitory as production ramps up and demand subsides. Auto sales had soared amid a pandemic-era boom in road trips and hesitancy to take public transportation, trends that look likely to fade over coming months.

Posted by charliecharlie > Jul 22, 2021 3:15 PM | Report Abuse

juz sold my holdings in this counter, swapping it to General motor...hope our beloved administration dun drag all the counters to a few years behind / backwards

Posted by Bgt 9963 > Jul 22, 2021 4:37 PM |

Post removed. Why?

Posted by PenangLang9180 > Jul 23, 2021 5:13 PM | Report Abuse

https://www.theedgemarkets.com/article/auto-sales-shrank-1921-units-june-maa-trims-tiv-forecast

Malaysia's Automotive Association (MAA) reduced Total Industry Volume (TIV) Forecast