KLSE: MBMR (5983)       MBM RESOURCES BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
3.45   +0.01 (0.29%)  3.44 - 3.48  71,700
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Market Cap: 1,349 Million
NOSH: 391 Million
Avg Volume (4 weeks):568,160
4 Weeks Range:3.24 - 3.96
4 Weeks Price Volatility (%):
52 Weeks Range:3.09 - 3.97
52 Weeks Price Volatility (%):
Average Price Target: 4.27
Price Target Upside/Downside: +0.82
Stamp duty exempted for year 2023

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2022 [#4]  |  20-Feb-2023
Next QR | Est. Ann. Date: 31-Mar-2023  |  25-May-2023
T4Q P/E | EY: 4.79  |  20.88%
T4Q DY | Payout %: 10.72%  |  51.37%
T4Q NAPS | P/NAPS: 5.26  |  0.66
T4Q NP Margin | ROE: 13.48%  |  13.69%


Date Subject
23-Mar-2023 Automobile - Strong sales momentum in Feb TIV
23-Mar-2023 Automotive - No Speed Bumps for Deliveries and New Bookings
10-Mar-2023 Automotive - 4QCY22 Report Card: Marred by High Cost
08-Mar-2023 Automobile - 2023 prospects remain intact
25-Feb-2023 Automotive - Full Charge Ahead for EVs
22-Feb-2023 MBM Resources Berhad - Perodua to Lead the Pact, Again..
22-Feb-2023 MQ Market Updates - 22 February 2023
22-Feb-2023 MBM Resources - Upbeat on FY23F; Stay BUY
22-Feb-2023 MBM Resources Bhd - Cost Pressures to Gradually Ease
22-Feb-2023 MBM Resources - Anticipating Another Strong FY23
22-Feb-2023 MBM Resources - Strong sales momentum from Perodua to persist
21-Feb-2023 【行家论股】MBM资源 新Axia订单强劲
21-Feb-2023 MQ Market Updates - 21 February 2023
21-Feb-2023 MBM Resources Berhad - Above Our Expectation
21-Feb-2023 Previous Day Highlights - FBM KLCI Trended Within a Narrow Range Due to Absence of Fresh Buying Catalysts Ahead of the 2
21-Feb-2023 MBM Resources - Earnings Missed, Dividends Beat; Stay BUY
21-Feb-2023 Automobile - Jan TIV: Starting 2023 lower MoM but higher YoY
21-Feb-2023 MBM Resources - Chalking in record-high FY22 earnings
21-Feb-2023 Automotive - A Slow Start for 2023
21-Feb-2023 MBM Resources - A Record Year FY22

Business Background

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.
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  2 people like this.
SincereStock it is no brainer to enter right after the latest QR announcement while the price hasn't start moving up that time because price moving up is imminent without any other influences
21/03/2022 1:09 PM
All_in_2021 gogogo..time to show ur true capabilities
21/03/2022 6:53 PM
valuewood11 Why drop
30/03/2022 6:35 PM
SincereStock @valuewood11, drop no need reason punya, every fundamental good company also can drop, that's why need lock profit from time to time, reenter only if dropped to certain point
30/03/2022 6:45 PM
pang72 Good company always drop for good investor to buy.
02/04/2022 12:39 PM
SincereStock @pang72 exactly, will top up more once it dropped to me TP
02/04/2022 3:37 PM
keithtrade Fundamentaly very cheap at current price
02/04/2022 3:54 PM
cn21 current sales tax (SST) exemption for new vehicles is extended until June 30, 2022. Thereafter, TIV will be reduced...
04/04/2022 4:16 PM
faridfet you are right cn21, prospects continued strong demand for vehicles supported by favorable interest rates & continuation of sales tax exemption until 30 June 2022 plus with the weakening of the JPY currency will benefit MBMR which company have some imported content exposure to the Yen, but its model are highly localised in general. However, MBMR still could benefit from the strengthening of the ringgit, through their equity stakes as the automaker would enjoy lower landed costs in ringgit terms.

The demand for Perodua cars also remains healthy with most of its models having longer than a two-month waiting period. Perodua said this is a good sign of their sales.

Not to mentioned, Perodua is aiming to revamp its dealership network by double the numbers of its 3S (sales, services, and spare parts) outlets within this 4 years. This should further strengthen Perodua’s after-sales service and branding.

So just relax and stay the sweet journey of MBMR for this 2022, atleast enjoy the next quarter report because SST exemption has been extended until 30 June 2022.
04/04/2022 11:12 PM
faridfet News on 5th April 2022:
Perodua registered sales of 61,624 vehicles in the first quarter of the year, a 6.4% jump from 57,909 vehicles in the same period in 2021.

Sales in March alone jumped 9.5% year-on-year to 26.759 vehicles compared with February 2022.

According to Perodua president and CEO Datuk Zainal Abidin Ahmad, the auto company was able to work with its suppliers and dealers to less the impact of Covid-19 and component supply issues.

Our focus is now to expedite the vehicles delivery to our customers before the sales tax exemption deadline ends on 30 June 2022.

Perodua also echoes MAA’s (Malaysia Automotive Association) request to further extend the sales tax exemption as factors such as the global semiconductor supply disruption and Covid-19 cases are still impacting the industry.

He added that the government's sales tax exemption helped to keep demand high and sustain the industry.

Moving forward, Zainal said the second quarter of 2022 will be the highlight of the automotive industry as brands will deliver as many vehicles as possible within the three-month period.

We do not foresee other factors such as the conflict between Russia and Ukraine to have a major impact on Perodua’s production moving forward.

05/04/2022 11:47 AM
faridfet MBMR will skyrocket until 30 June 2022. Still have a lot of time. Cheers mate.
05/04/2022 11:49 AM
faridfet -EPF acquired 200,000 MBMR shares on 31-Mar-2022.
-EPF acquired 147,600 MBMR shares on 31-Mar-2022.
-EPF acquired 146,000 MBMR shares on 30-Mar-2022.
-EPF acquired 143,600 MBMR shares on 29-Mar-2022.

huat ah 888!
05/04/2022 8:19 PM
faridfet Good news for MBMR 11 April 2022:
Malaysia's wholesale, retail trade sales up 8.5% to RM117.2bil in Feb 2022

Malaysia’s wholesale and retail trade sales increased by 8.5 per cent year-on-year (y-o-y) to RM117.2 billion in February 2022, according to the Department of Statistics Malaysia (DOSM).

Vehicles sector had expanded by 12.5 per cent or RM1.4 billion to RM12.5 billion in February 2022, attributed to sales of vehicles parts and accessories which increased 27 per cent to RM3.5 billion.

The expansion was also supported by the growth in maintenance and repair of vehicles (+27.3 per cent), sales of vehicles (+3.3 per cent), as well as sales, maintenance and repair of motorcycles (+5.1 per cent).

12/04/2022 12:29 PM
faridfet News on 13 April 2022:
Perodua’s sales increased to 26,759 units in March 2022, 54% higher than the 17,421 units registered in the previous month February 2022.

In the first quarter of 2022, Perodua sold 61,624 units, 6% higher than the 57,909 units registered in the same period of 2021. As a result, Perodua had achieved 25% of its sales target for the year of 247,800 units.

Its top-selling models in the first quarter of the year were the recently face-lifted Myvi, followed by the Axia and Bezza. The group was pleased with the improved sales registered by Perodua in March 2022.
13/04/2022 11:50 AM
faridfet News on 22 April 2022:

Vehicles sales up 12.7% to 73,222 units in March 2022

Source: https://www.thestar.com.my/business/business-news/2022/04/22/vehicle-sales-up-127-to-73222-units-in-march#openShareModal

General sentiment on MBMR’s sector is nice….
23/04/2022 8:40 AM
keithtrade Yes and final dividend should be announced next week.
23/04/2022 10:55 AM
All_in_2021 What's the prospect after SST exemption ends? that will be the questions. No doubt business will be good until June.
24/04/2022 1:11 PM
faridfet Mr All_in_2021. Malaysian Automotive Association (MAA) said the government is now considering to extend the sales and service tax (SST) exemption after 30 June 2022. MAA has made an appeal letter to request for the extension from the Ministry of Finance, which will be sent after the AGM :)
24/04/2022 2:28 PM
SincereStock sold all of my remaining MBMR, QR expectation isn't good by comparing to QR of the same industry
25/05/2022 9:14 AM
Prosper05 QR is good!! EPS@22.85
25/05/2022 9:05 PM
SincereStock quite impressed and unexpected to be honest. but some of the EPS come from land disposal gain
26/05/2022 12:31 PM
Prosper05 Any dividend announced?
02/06/2022 10:37 AM
keithtrade Another 6 sen, with such a low PE, high dividend, no debt, full order book, this share is a bargain at current price.
05/06/2022 1:42 AM
jackjason every quarter the most profit contribution is from associate company. can see the profit but cant touch it unless dividend issue .
05/06/2022 4:51 PM
sasword Post removed. Why?
01/08/2022 11:07 AM
investortrader88 https://www.theedgemarkets.com/article/mbm-resources-declares-special-dividend-after-2q-profit-jumps-over-fourfold
25/08/2022 8:19 PM
keithtrade Lovely, another special dividend.
Still undervalued at current share price.
25/08/2022 9:28 PM
GLNT Who's ridiculously pressing down the share price selling lot by lot?
02/12/2022 3:08 PM
bowman First level of support, 3.22. If this is breached, 3.05. Watch for the 3.20 level - this is the golden fibo level which if broken, will signify a sell-out by the corporates. Sellers are dominating over the last four weeks.
06/01/2023 9:25 AM
jojo85 Please Limit up tomorrow
15/02/2023 8:07 PM
alibiii 21c dividend!
20/02/2023 6:40 PM
pang72 Dividend yield 10%

No need to talk much
20/02/2023 6:43 PM
dragon328 Superb quarterly results!!

MBMR is indeed a cash cow
20/02/2023 8:07 PM
pang72 Rhb rerated rm5 tp
21/02/2023 12:50 AM
investortrader88 investortrader88

Just noticed my queue buy matched RM 3.15.good luck guys

2021-09-21 14:32

21/02/2023 9:56 AM
investortrader88 https://www.thestar.com.my/business/business-news/2023/02/21/mbm-4q-revenue-climbs-165-to-rm651mil
21/02/2023 11:37 AM
cheeseburger TP RM5.22
21/02/2023 12:11 PM
pang72 https://www.sinchew.com.my/20230221/%e9%a9%ac%e8%82%a1%ef%bc%88%e7%bd%91%e7%bb%9c%e7%89%88%ef%bc%89-28/

21/02/2023 12:38 PM
pang72 Aminvest gives higher tp5. 22

Anyone wanna beat 5.22,plsssss
21/02/2023 12:39 PM
Amazonboy 2023 will be another good year....divvy yield double digits
21/02/2023 12:43 PM
planta2 This is even better than bank stocks. Tenaga is next to be watched
21/02/2023 1:06 PM
sasword Post removed. Why?
21/02/2023 3:34 PM
wallstreetrookieNEW Car sales up
22/02/2023 10:21 AM
wallstreetrookieNEW MBMR > BAUTO and DRBHICOM
22/02/2023 10:22 AM
pang72 Today drop 3c
Tmr up 5c
OK Boh?
22/02/2023 8:11 PM
skyinvestor total 7 analysts call to Buy this stock but this video calling to sell, worth watching imo https://youtu.be/OfrhtW04TrI
27/02/2023 10:36 AM
planta2 Sell call? Everyone knows after ex date the stock will normalised. But to fall to below rm3.30, I’m skeptical. After all, perodua having strong order log and I’m waiting their EV coming into market
27/02/2023 1:15 PM
skyinvestor found the analysis to be interesting, anyway time shall tell which one will play out
27/02/2023 2:51 PM
Invest_888 MBMR promising dividends sharing with investors and affordable cars' price and saving fuel capability make it as best car stock.
06/03/2023 11:01 AM
Paul Tan New Perodua Axia https://paultan.org/2023/02/14/2023-perodua-axia-d74a-launched-1-0l-d-cvt-dnga-larger-body-g-x-se-av-variants-fr-rm38-6k/
07/03/2023 4:11 PM

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