Risk factor
Limited trading liquidity
Profitability factor
Overvalued vs peers
About
Malaysian Resources Corporation Berhad (MRCB), established in Kuala Lumpur in 1968, operates as an investment holding company with core activities in property development, construction, and related services. Its operational footprint extends across Malaysia, Australia, Hong Kong, and New Zealand. The company’s business is segmented into three primary divisions: Property Development & Investment, Engineering, Construction & Environment, and Facilities Management & Parking. In its Property Development & Investment arm, MRCB specializes in creating integrated commercial and residential complexes, frequently situated in proximity to major transportation hubs. The firm also holds a significant urban land portfolio, totaling 1,153 acres. The Engineering, Construction & Environment division undertakes substantial infrastructure projects, including the development of extensive rail and road networks. It also handles high-voltage power transmission initiatives, such as substations, overhead transmission lines, and underground cabling, alongside environmental works like flood and erosion mitigation for rivers and coastal regions. Furthermore, the Facilities Management & Parking segment provides comprehensive services encompassing property management, maintenance, security provisions, and the operation of parking facilities at integrated transport centers and prominent commercial and residential sites. MRCB’s broader commercial endeavors also involve leasing properties and equipment, trading construction materials and shares, commissioning transmission infrastructure, and managing key transportation assets like the EDL Expressway and Kuala Lumpur Sentral Station. The company offers a range of specialized professional services, including interior design consultancy, project management, and cooling system solutions, in addition to engaging in the design, construction, operation, and maintenance of beaches and rivers for rehabilitation purposes.
Company Valuation
From both historical and forecast perspectives, the stock is overpriced compared to similar stocks. In particular, the stock is overpriced on P/E, 'expensive' on EV/EBITD
Target Price
The average target price of 1651.KL is 0.40 and suggests 17.6% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to i