Company Overview and News

MBM earnings likely to grow on higher sales

2018-10-09 theedgemarkets
MBM Resources Bhd (Oct 8, RM2.06) Recommend buy with a target price (TP) of RM3.40: MBM Resources Bhd’s growth remains intact with a higher sales volume expected from Perodua and a potential turnaround of its alloy wheel business. We recommend “buy” with a TP of RM3.40 based on 11 times its financial year 2019 (FY19) price-earnings ratio (PER) premised on its five-year average PER.

Analyst reports

THE acquisition of 44.5% SAP Express (SAP) shares by GDEX is projected to be positive in the long run as it enables the group to tap faster into the Indonesian express delivery landscape.
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Muhammad Iqbal is MBM Resources new CEO

2018-10-04 theedgemarkets
KUALA LUMPUR (Oct 4): Automotive parts maker MBM Resources Bhd has appointed Dr Muhammad Iqbal Shaharom as its new president cum CEO with immediate effect.

KLCI gains 0.61%, crosses 1,800 level as regional sentiment perks up

2018-09-14 theedgemarkets
KUALA LUMPUR (Sept 14): The FBM KLCI rose 0.61% and crossed the 1,800 level at midday break, in line with gains at regional markets, as sentiment received a boost from expectations of fresh US-China negotations.
7084 BATS 4162 5983 0096 7123 5199 CIMDF 1023 3026 1201 3867 6645 4405 HIPEF

Tax holiday drives up sales at UMW Holdings

KUALA LUMPUR: The three-month tax holiday period ending in September is driving up sales at UMW Holdings Bhd .
4588 5983 BSMAF 1818

Tepid growth seen in auto TIV for 2018

2018-08-21 theedgemarkets
KUALA LUMPUR: Shares in DRB-Hicom Bhd rose as much as 9.3% yesterday, as investors reacted positively to news regarding a joint venture (JV) between its 50.1%-owned subsidiary Proton Holdings Bhd and China’s Zhejiang Geely Holding Group that will pave the way for Proton to assemble and market its cars in China.
4588 SMEBF 4405 4197 5983 BSMAF 1818

A skyscraper, power station and carmaker await Zeti at PNB

2018-08-14 theedgemarkets
ANXIETY over Permodalan Nasional Bhd’s (PNB) leadership eased after Tan Sri Dr Zeti Akhtar Aziz was officially named its chairman — its second in three years — effective July 1.
4588 SMEBF 4197 8664 5983 BSMAF 1818

More voice concern over plan to curb foreign car imports

2018-08-01 theedgemarkets
KUALA LUMPUR: More voices have weighed in on Prime Minister Tun Dr Mahathir Mohamad’s plan to restrict the import of foreign cars and start a third national car, and the tone was mostly negative.
4588 SMEBF 4405 4197 5015 5983 BSMAF 3034 1818

Mild impact on auto stocks from planned car import curbs

2018-07-31 theedgemarkets
KUALA LUMPUR (July 31): The government's reported move of looking at setting limits on foreign car imports had a mild impact on counters linked to the automotive industry this morning.
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Venturing into export market a positive move for MBM

2018-07-13 theedgemarkets
MBM Resources Bhd (July 10, RM2.40) Maintain buy with an unchanged target price of RM3.19: To recap, Hino Motors established its first assembly plant in Malaysia, with 58% holdings, whilse MBM Resources Bhd holds a 42% stake. The plant was completed in 2014 in Sendayan, Negeri Sembilan and has a capacity of 10,000 units per annum.
HINOF HINOY 7205 5983

UMW one step closer in Perodua bid as Court rules appointments invalid

2018-07-10 theedgemarkets
KUALA LUMPUR (July 10): The High Court has ruled that the appointment of two directors to the board of Med-Bumikar Mara Sdn Bhd was invalid following an eight-hour hearing today.
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KLCI to start 2H2018 cautiously as trade war woes slow China factory growth

2018-07-01 theedgemarkets
KUALA LUMPUR (July 2): The FBM KLCI is expected to start the second half of 2018 today cautiously after China’s factory growth slowed in June as trade tensions rose.
5657 MYPRY 0082 5983 5014

MAHB, Sapura Energy, MBM, Parkson and Green Packet

2018-06-29 theedgemarkets
KUALA LUMPUR (June 29): Based on corporate announcements and news flow today, stocks in focus for Monday (July 2) may include the following: Malaysia Airports Holdings Bhd, Sapura Energy Bhd, MBM Resources Bhd, Parkson Holdings Bhd and Green Packet Bhd.
O9E SPXCF PMOIF 0082 PMO 5983 5014 S68 5657 SPXCY MYPRY BSMAF PMOIY 1818

MBM names Daihatsu MD Muhammad Iqbal as group president and CEO

2018-06-29 theedgemarkets
KUALA LUMPUR (June 29): Automotive parts maker MBM Resources Bhd has appointed its 51.5%-owned subsidiary Daihatsu (Malaysia) Sdn Bhd’s managing director Dr Muhammad Iqbal Shaharom as the group's president and chief executive officer.
5983 BSMAF 1818

Daihatsu draws line in UMW’s Perodua pursuit

2018-06-25 theedgemarkets
IN a month, the shareholder tussle at Med-Bumikar Mara Sdn Bhd over its majority stake in MBM Resources Bhd (MBMR) is set to resume following the last court hearing in May. But “vehement” objections by a key Japanese partner remain a stumbling block for UMW Holdings Bhd, even if the conglomerate manages to take control of MBMR.
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