MRCB (1651) - ALL TOP 30 SHARE HOLDERS OF MRCB ARE LOCAL FUNDS & FOREIGN FUNDS (Calvin Tan comments)


 TOP 30 LARGEST SHAREHOLDERS AS AT 31 MARCH 2017 LIST OF THIRTY (30) LARGEST SHAREHOLDERS (without aggregating the securities from different securities account belonging to the same Depositor) No. Name No. of Shares %



1 Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board 728,927,897 33.91



2 RHB Capital Nominees (Tempatan) Sdn Bhd RHB Islamic Bank Berhad Pledged Securities Account for Gapurna Sdn Bhd 364,545,752 16.96



3 Lembaga Tabung Haji 174,949,773 8.14



4 Maybank Nominees (Tempatan) Sdn Bhd Bank Kerjasama Rakyat (M) Berhad 172,000,000 8.00



5 Malaysia Nominees (Tempatan) Sendirian Berhad Great Eastern Life Assurance (Malaysia) Berhad (Par 1) 27,954,500 1.30



6 Citigroup Nominees (Asing) Sdn Bhd Exempt AN for Citibank New York (Norges Bank 14) 27,230,500 1.27  (Foreign Fund)



7 Citigroup Nominees (Asing) Sdn Bhd CBNY For Dimensional Emerging Markets Value Fund 14,818,800 0.69 (Foreign  fund)



8 Tokio Marine Life Insurance Malaysia Bhd As Beneficial Owner (PF) 14,116,600 0.66



9 Citigroup Nominees (Asing) Sdn Bhd Exempt AN for Citibank New York (Norges Bank 12) 13,081,000 0.61 (Foreign  fund)



10 Hong Leong Assurance Berhad As Beneficial Owner (Life Par) 12,973,400 0.60



11 HSBC Nominees (Asing) Sdn Bhd Exempt AN For JPMorgan Chase Bank, National Association (U.S.A.) 11,553,400 0.54 Foreign Fund)



12 Citigroup Nominees (Asing) Sdn Bhd CBNY for Emerging Market Core Equity Portfolio DFA Investment Dimensions Group Inc 9,540,698 0.44  (Foreign Fund)



13 Citigroup Nominees (Asing) Sdn Bhd Macquarie Bank Limited (DBU A/C) 9,340,800 0.43  (Foreign Fund)



14 Cartaban Nominees (Asing) Sdn Bhd Exempt AN For State Street Bank & Trust Company (West CLT OD67) 9,157,756 0.43 (Foreign Fund)



15 Malaysia Nominees (Tempatan) Sendirian Berhad Great Eastern Life Assurance (Malaysia) Berhad (LPF) 9,133,600 0.42



16 CIMB Group Nominees (Tempatan) Sdn Bhd CIMB Bank Berhad (EDP 2) 8,988,600 0.42



17 Maybank Nominees (Tempatan) Sdn Bhd Etiqa Takaful Berhad (Family PRF EQ) 7,969,600 0.37



18 HSBC Nominees (Asing) Sdn Bhd BBH and Co Boston For Vanguard Emerging Markets Stock Index Fund 7,941,500 0.37 (Foreign Fund)



19 Cartaban Nominees (Tempatan) Sdn Bhd PAMP For Prulink Equity Fund 7,710,000 0.36



20 Malaysia Nominees (Tempatan) Sendirian Berhad Great Eastern Life Assurance (Malaysia) Berhad (LEEF) 7,266,100 0.34



21 Malaysia Nominees (Tempatan) Sendirian Berhad Great Eastern Life Assurance (Malaysia) Berhad (LGF) 6,830,700 0.32



22 HSBC Nominees (Asing) Sdn Bhd Exempt AN for Credit Suisse (SG BR-TST-Asing) 6,664,400 0.31 (Foreign fund)



23 Citigroup Nominees (Asing) Sdn Bhd CBNY For DFA Emerging Markets Small Cap Series 6,098,450 0.28 (Foreign fund)



24 Malaysia Nominees (Tempatan) Sendirian Berhad Great Eastern Life Assurance (Malaysia) Berhad (Par 3) 5,993,700 0.28



25 Cartaban Nominees (Tempatan) Sdn Bhd PAMB For Participating Fund 5,404,700 0.25



26 HSBC Nominees (Asing) Sdn Bhd Exempt AN For Bank Julius Baer & Co. Ltd. (Singapore BCH) 5,064,066 0.24  (Foreign Fund)



27 CIMB Commerce Trustee Berhad Public Focus Select Fund 4,800,800 0.22



28 UOB Kay Hian Nominees (Asing) Sdn Bhd Exempt AN For UOB Kay Hian Pte Ltd (Spore) (A/C Clients) 4,626,394 0.22  (In Spore it is pte ltd. Malaysia is Sdn Bhd) (Foreign Fund)



29 Maybank Nominees (Tempatan) Sdn Bhd National Trust Fund (IFM Maybank) 4,404,900 0.20



30 Maybank Nominees (Tempatan) Sdn Bhd Etiqa Insurance Berhad (Balance Fund) 4,332,000 0.20





Calvin comments:



1) Out of 30 Top Holders of MRCB 18 are LOCAL FUNDS & 12 are FOREIGN FUNDS (Not even one retail player)

MORE FOREIGN FUNDS WILL RETURN TO MALAYSIA IN COMING DAYS AND MONTHS



2) A check on buying movements for MRCB shows some 500,000 shares were transacted at one go! That's more than half a million ringgit at one deal. This is the time of accumulation.

Once more LOCAL BIG BOYS & FOREGN BUYERS return MRCB will continue to move UPWARD like DRB



3) Total Shares owned by Top 30 Holders are Rm78.78%. So only 21.22% left in free float. (This might not be entirely accurate as Capital base has been enlarged by recent RI)



4) CIMB IB has just revised Target Price for MRCB from Rm1.19 to Rm1.31. Just as it did for DRB last year - expect constant Upward Revision of New Target Prices for MRCB as Good News Unfold One by One for MRCB in coming days





Please buy/sell after due diligence



Happy Regards

Calvin

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