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…

Public Bank Berhad (1295 PBBANK) released its 2nd quarter financial result. Making first half net profit 1.419 billion (increased 18.28%). It also declared first interim dividend of 25% less 25% income tax @ RM0.25 based on par value @ RM1.00. The EX date is 03/08/2010, entitlement date and time: 05/08/2010 05:00 PM and payment date is 13/08/2010.

Past 1 year PBBANK stock performance

With current price at RM12.20, PBBANK has 4.51% interest yield. Public Bank Berhad target price from Maybank Investment Bank Research is RM12.50 (hold), OSK Research is RM13.00 (buy) and S&P Equity Research is RM14.00 (buy).

Public Bank Berhad is a good fundamental stock. Has good earning for past several years. It is one of the must have dividend stock counters.