Mudajaya target price was downgraded by CIMB Securities from RM 4.81 to RM 4.00. OSK Research maintains Mudajaya target price at RM 3.94 (upgraded on last research report). Around 75% upside but no one seem willing to buy Mudajaya stock. Why?

MUDAJYA past 2 months stock price

MUDAJYA Target Price
RM 4.00 ~ CIMB Securities
RM 3.94 ~ OSK Research

Mudajaya target price was downgraded again by both CIMB Securities and OSK Research. Reason? Managing Director (MD), Mr. Ng Yin Loong (may be regarded as the founder of Mudajaya) has tendered his resignation. CIMB Securities increased its RNAV discount from 20% to 30% in view of the short-term concerns that this change in leadership. While OSK Research increased SOP discount from 30% to 50%.

MUDAJYA past 2 months stock price

MUDAJYA Target Price
RM 4.81 ~ CIMB Securities
RM 2.82 ~ OSK Research

Mudajaya target price was downgraded by both CIMB Securities and OSK Research. The main reason ~ delays at Chhattisgarh. CIMB Securities lowers it by 7.3% from RM7.44 to RM6.88 (before ex-bonus) == RM5.95 to RM5.50 (ex-bonus), pegged to 20% RNAV discount. OSK Research downgraded it even further from RM5.48 to RM4.15 based on a 30% discount to SOP.

MUDAJYA past 2 months stock price

Mudajaya Target Price
RM 5.50 ~ CIMB Securities
RM 4.15 ~ OSK Research

With current uncertain economy situation, Mudajaya stock price is unlikely will go back to historical high at RM4.08 any time soon…

Mudajaya is one of the stocks that I have been monitoring lately. Its price has been wondering around from RM 3.80 to RM 5.50 lately.

Mudajaya past 6 months stock price

Mudajaya Target Price
RM 7.94 ~ CIMB Securities
RM 7.44 ~ OSK Research

With current price at RM 4.80, it still has 55% upside to go. Wow…

Never stop study stock market. It had been 4 months since I sold MUDAJYA 5085. Its stock price went up to RM4.10 on 11 November 2009. Up more than 5% intraday. Why? It announced good 3rd Quarter with nine-month net profit 75.844 million. How much did I earn? Nothing. I did not buy back Mudajaya stock after sold it at RM2.00. This is the stock that I regretted most…

Never sell a good stock and don’t buy back. Make sure you buy back at attractive price again after you sold it. Hmm… I still have issue that cannot keep stock that don’t have previous historical high like Mudajaya. I need to change this bad behavior soon.