Showing posts with label MBMR. Show all posts
Showing posts with label MBMR. Show all posts
March 3, 2015
February 24, 2015
Review & Outlook of the Automotive Sector
Stock Name: MBMR
Company Name: MBM RESOURCES BHD
Company Name: MBM RESOURCES BHD
| Research House: MIDF | Price Call: BUY | Target Price: 4.80 |
January 16, 2015
Myvi facelift to boost sales
Stock Name: MBMR
Company Name: MBM RESOURCES BHD
Company Name: MBM RESOURCES BHD
| Research House: MIDF | Price Call: BUY | Target Price: 4.80 |
December 22, 2014
Strong TIV but TIP is slowing down
Stock Name: MBMR
Company Name: MBM RESOURCES BHD
Company Name: MBM RESOURCES BHD
| Research House: MIDF | Price Call: BUY | Target Price: 4.80 |
September 3, 2014
MBMR - Angled for strong growth
Stock Name: MBMR
Company Name: MBM RESOURCES BHD
Company Name: MBM RESOURCES BHD
| Research House: MIDF | Price Call: BUY | Target Price: 3.90 |
August 20, 2014
August 19, 2014
MBMR - Expect better sequential earnings
Stock Name: MBMR
Company Name: MBM RESOURCES BHD
Company Name: MBM RESOURCES BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 3.94 |
August 7, 2014
March 5, 2013
Robust prospects
Stock Name: MBMR
Company Name: MBM RESOURCES BHD
Company Name: MBM RESOURCES BHD
| Research House: MIDF | Price Call: BUY | Target Price: 4.20 |
December 19, 2012
Auto Report - December
Stock Name: MBMR
Company Name: MBM RESOURCES BHD
Company Name: MBM RESOURCES BHD
| Research House: MIDF | Price Call: BUY | Target Price: 4.53 |
November 9, 2012
Strong quarterly rebound as manufacturing shines
Stock Name: MBMR
Company Name: MBM RESOURCES BHD
Company Name: MBM RESOURCES BHD
| Research House: MIDF | Price Call: BUY | Target Price: 4.53 |
October 1, 2012
To set up plant with Hino Motors
Stock Name: MBMR
Company Name: MBM RESOURCES BHD
Company Name: MBM RESOURCES BHD
| Research House: MIDF | Price Call: BUY | Target Price: 4.53 |
Affin upgrades MBM Resources
Stock Name: MBMR
Company Name: MBM RESOURCES BHD
Affin Investment Bank upgraded MBM Resources Bhd to "add" from "reduce" previously, with the same target price of RM3.60 a share, after the car components maker tied up with Hino Japan to assemble trucks in Malaysia.
"This vertical expansion denotes potential margin expansion as MBM moves from its existing distribution margins of 2-4 percent to incorporate a 10-15 percent assembler margin composition," the research house said in a note on Monday.
Coupled with good cost discipline and economies of scale, the Hino plant can potentially generate mid-teen margins, Affin added.
MBM's share price has fallen 11.3 percent in the past two weeks, according to Reuters chart. "We believe there may be opportunities to accumulate," Affin said.
By 9.24 am, the counter rose 1.19 percent to RM3.40 per share, as compared with the broader index that remained unchanged. -- Reuters
Company Name: MBM RESOURCES BHD
| Research House: AFFIN | Price Call: BUY | Target Price: 3.60 |
Affin Investment Bank upgraded MBM Resources Bhd to "add" from "reduce" previously, with the same target price of RM3.60 a share, after the car components maker tied up with Hino Japan to assemble trucks in Malaysia.
"This vertical expansion denotes potential margin expansion as MBM moves from its existing distribution margins of 2-4 percent to incorporate a 10-15 percent assembler margin composition," the research house said in a note on Monday.
Coupled with good cost discipline and economies of scale, the Hino plant can potentially generate mid-teen margins, Affin added.
MBM's share price has fallen 11.3 percent in the past two weeks, according to Reuters chart. "We believe there may be opportunities to accumulate," Affin said.
By 9.24 am, the counter rose 1.19 percent to RM3.40 per share, as compared with the broader index that remained unchanged. -- Reuters
August 27, 2012
HwangDBS cuts MBM Res to 'hold'
Stock Name: MBMR
Company Name: MBM RESOURCES BHD
HwangDBS Vickers Research downgraded motor manufacturer MBM Resources Bhd to 'hold' from 'buy', saying that the stock's valuations have peaked despite its stable fundamentals.
"We downgrade MBM to hold because the earnings upside have been largely priced in," HwangDBS said in a note today.
The research house added that the stock is currently trading near its peak with a limited 14 per cent upside.
HwangDBS however raised MBM's target price to RM4.30 per share from RM3.80, adding that catalysts include a planned vehicle assembly plant and stronger demand for its alloy wheel business. - Reuters
Company Name: MBM RESOURCES BHD
| Research House: HWANGDBS | Price Call: HOLD | Target Price: 4.30 |
HwangDBS Vickers Research downgraded motor manufacturer MBM Resources Bhd to 'hold' from 'buy', saying that the stock's valuations have peaked despite its stable fundamentals.
"We downgrade MBM to hold because the earnings upside have been largely priced in," HwangDBS said in a note today.
The research house added that the stock is currently trading near its peak with a limited 14 per cent upside.
HwangDBS however raised MBM's target price to RM4.30 per share from RM3.80, adding that catalysts include a planned vehicle assembly plant and stronger demand for its alloy wheel business. - Reuters
August 14, 2012
MBMR - Revving up sales
Stock Name: MBMR
Company Name: MBM RESOURCES BHD
Company Name: MBM RESOURCES BHD
| Research House: MIDF | Price Call: BUY | Target Price: 4.53 |
August 10, 2012
Robust vehicle sales
Stock Name: MBMR
Company Name: MBM RESOURCES BHD
Company Name: MBM RESOURCES BHD
| Research House: MIDF | Price Call: BUY | Target Price: 4.53 |
May 4, 2012
Kenanga keeps 'outperform' call on MBM
Stock Name: MBMR
Company Name: MBM RESOURCES BHD
Kenanga Research raised its target price on MBM Resources Bhd to RM6.57 per share from RM5.38 previously, citing stronger earnings outlook ahead for the Malaysian auto parts maker on the back of its expansion plans.
"We believe in the potential for MBM to grow into a significant auto parts player that would complement its existing manufacturing division," the broker said in a research note on today.
Maintaining an 'outperform' call on couter, Kenanga said MBM offered operational cost efficiency that benefits the entire group in cost savings.
As of 010.11 am, MBM shares rose 1.77 per cent against the Malaysian benchmark stock index that inched up 0.35 per cent. - Reuters
Company Name: MBM RESOURCES BHD
| Research House: KENANGA | Price Call: BUY | Target Price: 6.57 |
Kenanga Research raised its target price on MBM Resources Bhd to RM6.57 per share from RM5.38 previously, citing stronger earnings outlook ahead for the Malaysian auto parts maker on the back of its expansion plans.
"We believe in the potential for MBM to grow into a significant auto parts player that would complement its existing manufacturing division," the broker said in a research note on today.
Maintaining an 'outperform' call on couter, Kenanga said MBM offered operational cost efficiency that benefits the entire group in cost savings.
As of 010.11 am, MBM shares rose 1.77 per cent against the Malaysian benchmark stock index that inched up 0.35 per cent. - Reuters
Subscribe to:
Posts (Atom)