Menang

[winston]

MENANG announced its 4QFY6/13 results in August but no comparative numbers were presented due to the change of financial year from 31 Dec 2011 to 30 Jun 2012.

Looking at MENANG’s segmental reporting, we notice that a large proportion of revenue (about 94%) was derived from the construction sector.

For the 12 months ended 30 Jun 2013, the group recorded revenue of MYR238.2m and a profit after tax of MYR32.1m which was mainly contributed from the ongoing Private Finance Initiative (PFI) project of the University Teknologi MARA Campus in Seremban 3 township and Universiti Teknologi MARA Campus Satelit C at Puncak Alam, Selangor.

A check of Bloomberg consensus reveals that only one research house covers the stock, on which it has a HOLD call.

The stock is currently trading at a low historical PER of 8.9x and a P/BV of 1.0x. MENANG has no indicated dividend yield.

http://research.maybank-ib.com/pdf/emai ... E_1764.pdf

[winston]

MENANG made a major Wave 2 low of MYR0.2 (28 Aug 2013) with grossly oversold and bullish signals.

All its positive chart signals above suggest a Wave 3 and 5 uptrend.

It is likely to break into higher territory as it breached its key resistance areas in an upward Wave 3 and 5 move.

SHORT-TERM BUY (TECHNICAL) on dips for MENANG, with firmer support and clear upward target areas of MYR0.715, MYR0.90 and MYR0.97. Stop-loss is MYR0.54.

http://research.maybank-ib.com/pdf/emai ... E_1823.pdf

[winston]

Menang Corp wins RM260m UiTM project
May 3, 2012 - PropertyGuru.com.my

Malaysia-listed Menang Corp (M) Bhd will receive around RM50 million annually over the next 20 years after winning a project with the Ministry of Higher Education (MoHE).

The project, a satellite campus of the Universiti Teknologi MARA (UiTM) in Puncak Alam, Selangor, will offer the company RM39.8 million annually for leasing the site and another RM8.86 million per year to maintain the campus for the next two decades.

This is apart from the RM260 million contract that Menang has sealed with the MoHE, through Rumpun Positif Sdn Bhd, its 51 percent subsidiary, to build the campus.

"Upon completion, the campus will be leased to the government/UiTM for 20 years and during the period, Rumpun Positif will also be maintaining the facilities, infrastructure of the campus," said Menang.

With a total capacity of 3,000 students, the campus will accommodate two faculties -the Faculty of Arts and Design and the Faculty of Architecture, Planning and Surveying.

The campus is expected to be completed in about three years and will cost RM260 million. "The concession period of the project is therefore 23 years, inclusive of the three years of construction period," it added.

"The project will have a significant effect on the company after the completion as there will be two major streams of stable cash flow for the next 20 years."

http://www.propertyguru.com.my/property ... tm-project

[winston]

vested

Menang Corp shares at 13-year high by daniel khoo

KUALA LUMPUR: Menang Corporation shares rose to a 13-year high of RM1.01 in intraday trade on Friday as the construction company’s financials would be boosted by recurring income from the completed Seremban 3 UiTM Campus.

At 3.42pm, Menang was up one sen to 98.5 sen, with 4.22 million shares changing hands.

The FBM KLCI fell 6.14 points to 1,832.55. Turnover was 1.08 billion shares valued at RM1.18bil. There were 390 gainers, 360 losers and 310 counters unchanged.

Menang’s share price had surged from 62 sen on Feb 5 while trading volume had also increased sharply over the one-month period.

Its RM300mil Seremban 3 UiTM Campus was built under the Private Finance Initiative concept.

Sources said the company was looking to adopt more of such construction projects in the future which would provide recurring income.

“Instead of one-off projects, the company is scouting for more of such projects. There are discussions for more projects from the government but nothing has been finalised,” according to a source.

Source: The Star

[winston]

vested

Menang Corp net profit jumps 42% to RM7.4mil
Nov 22, 2013

KUALA LUMPUR: Menang Corporation Bhd’s first quarter net profit jumped 42% to RM7.45mil from RM5.24mil a year ago from its Private Finance Initiative (PFI) project in two local universities.

The property development and management company said its revenue soared 92% to 62.59mil from RM32.5mil a year ago while earnings per share stood at 2.79 sen from RM1.96 sen a year ago.

In a filing to Bursa Malaysia on Friday, the company said it “recognises the construction revenue and cost in relation to the aforesaid projects amounting to RM48.31mil and RM37.27mil respectively”.

The group is currently involved in the PFI project of Universiti Teknologi MARA Campus in Seremban 3 and Universiti Teknologi MARA Campus in Puncak Alam, Selangor.

Moving forward, the group said “with the commencement of the approved PFI projects to the group, the current year prospect is expected to be satisfactory”.

Source: The Star

[winston]

vested

PROPOSED BONUS ISSUE OF 133,553,500 WARRANTS IN MCB (“WARRANT(S)”) ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) EXISTING ORDINARY
SHARES OF RM0.50 EACH IN MCB (“MCB SHARE(S)” OR “SHARE(S)”) AT AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED BONUS ISSUE OF
WARRANTS”)

Barring any unforeseen circumstances, applications to the relevant authorities in respect of the Proposed Bonus Issue of Warrants are expected to be submitted within two (2) months from the date of this announcement and the Proposed Bonus Issue of Warrants is expected to be completed in the second quarter of 2014.

http://www.bursamalaysia.com/market/lis ... ts/1585589

[winston]

vested

Further to the announcement dated 3 April 2014 in relation to the Proposed Bonus Issue of Warrants, M&A Securities Sdn Bhd, on behalf of the Company wishes to announce that the listing application to Bursa Malaysia Securities Berhad in relation to the Proposed Bonus Issue of Warrants has been submitted on 23 April 2014.

This announcement is dated 23 April 2014.

[winston]

vested

Menang Corp Q3 earnings jump 183% to RM11.39m by zunaira saieed

KUALA LUMPUR: Menang Corporation (M) Bhd's earnings surged 183.3% to RM11.39mil in the third quarter ended March 31, 2014 (Q3, FY14) from RM4.02mil a year ago, boosted by on-going construction projects.

The construction company said on Thursday revenue rose 48.1% to RM74.54mil from RM50.30mil a year ago. Earnings per share were 4.27 sen compared with 1.51 sen.

For the nine months ended March 31, 2014 its earnings increased by 52 % to RM21.46mil compared to RM14.11mil a year ago. Its revenue increased by 29.6% to RM203.89mil from RM157.30mil.

Menang said its earnings and revenue were mainly contributed by the ongoing projects under the private finance initiative (PFI) by Universiti Teknologi MARA Campus, Universiti Teknologi MARA Campus Satelite C, and Institut Latihan UiTM.

For the current year, it was positive about the outlook due to the on-going PFI projects and an increase in the property segment.

Source: The Star

[winston]

Vested

Annual Results

Rev +17%
EPS +104%

http://www.bursamalaysia.com/market/lis ... ts/1725949

[winston]

vested

DJ Table: Menang Corp Malaysia 1Q Net MYR1.70M Vs MYR7.46M


Menang Corp. (Malaysia) Bhd (1694.KU) - Malaysia
1st quarter ended Sep. 30:
Figures are in Ringgit (MYR).

2014 2013
Revenue 70,232,000 62,591,000
Pretax Profit 10,831,000 15,657,000
Net Profit 1,703,000 7,458,000
Earnings Per Share 0.64 Sen 2.79 Sen
Dividend Omitted Omitted


Results are based on Malaysian accounting standards and are unaudited.

Source: Dow Jones Newswires