Gossip - MRCB under value? Can she soar high with UOB report?

One of the reader ask, why there is no movement from MRCB since the buy call on 6 July'11. Well, my suggestion to him is stay tune. Most of the indicators we used to justify the buy call are still intact! Most importantly, it's Fair Value is underestimated. MRCB is just like the bird below, struggle to survive from dipping under the water.

Hopefully with the report from UOB could help our little bird move out from water and SOAR high!!! Thus, for those who has locked this counter, please be patient and just follow our trading plan. Let's the "Miss Bee" below brought a sunny day for us tomorrow! Don't worry, be happy!

 

For those who would like to visit the buy call for MRCB on 6 July'11. Below is the link:

http://ta-klse.blogspot.com/search/label/MRCB

UOB Kay Hian FV for MRCB at RM3.02

By theedgemalaysia.com | The Edge 11,July'11

KUALA LUMPUR:  UOB Kay Hian Malaysia Research is maintaining a Buy on Malaysian Resources Corp Bhd (MRCB) at RM2.32 and has a fair value of RM3.02 as it expects MRCB to benefit from more redevelopment projects.
It said on Monday, July 11 MRCB’s share price has crept up with volume last week, from RM2.21 to RM2.32.
“We continue to expect more positive newsflow in 2H11 for MRCB, particularly on the redevelopment of the Rubber Research Institute land in Sungai Buloh (GDV: RM10 billion), “River of Life” project worth RM3 billion for phase 1 and also more sizeable land deals in Selangor, which will allow them to develop at least RM4 billion to RM5 billion of GDV in the future.
UOB Kay Hian Malaysia Research said if successful, the acquisition would lift its total GDV to a whopping RM12b. We maintain BUY with a RNAV-based share price of RM3.02.

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