M+ analyst comment as per below :
Most of the proceeds are used for expansion plans which may garner the earnings gradually and may not materialized in the short term. Hence, it may be gradually grow in terms of the share price with its earnings. So far they are seeing decent demand from China and should sustain.
company website :
http://www.mymbn.com.my/
My view.
saya suka stock with niche menarik.. MYMBN maybe pioneer dlm edible bird’s nest dekat malaysia.. Financially sedang ada growth. profit increasing tp margin dia tak besar.. below 10%..
total share ada dlm 300juta unit, which is x berapa besar sngat.. mungkin boleh buat trading.. Most income dtg drp China..
Lisitng price dlm 18 PE ( average PE for now )
birdnest ni mcm healthcare related,alternative medicines, herbs atau supplement, walaupun industrial company dlm consumer. maybe diorng dapat advantage semasa covid. product pun bukan essentials products.
personally my view on this is NEUTRAL .