MDR - Myanmar Play
Below is a forwarded email for my clients on mDR......
RE :mDR joint venture in Myanmar 2 & SINGTEL's possible licensing in Myanmar
Gathered more informations on the Myanmar Golden Star Group, which owns GMS.
As quoted below...
"The JVC will also provide exclusive consultancy and retail franchisee procurement services to Myanmar-based Golden Myanmar Sea Co. Limited (“GMS Co. Ltd”), which will be involved in the mobile devices and accessories distribution and retail businesses. GMS Co. Ltd is owned by the Myanmar Golden Star Group in Myanmar, an established business conglomerate involved in diverse businesses in Myanmar such as food, alcoholic and non-alcoholic beverages, financial and medical services, farming, agricultural and natural resources, aviation, and consumer electronics trading and distribution."
A huge conglomerate with diversified businessess.
http://www.mgsgroup.net/ -> (group website)
MORE IMPORTANTLY....
Below is quoted from the pdf as well
"The JVC and GMS Co. Ltd. believe that there are significant business opportunities to be reaped from the Myanmar telecommunication market, which today has an extremely low mobile penetration rate of about 3% for a country with a total population size of about 60 million. The Myanmar telecommunication industry is poised for de-regulation and rapid growth in the near future, and it is widely believed that the Myanmar government may grant up to four telecommunication operating licences, two to Myanmar companies and two to foreign companies, with 4G services targeted as early as 2013."
mDR getting penetration into thetelecommunication operating licences? It is probably too small to venture into it unless their strong backing offers some help.
However,( from source : http://www.telegeography.com/products/commsupdate/articles/2012/11/19/singtel-almost-certain-to-win-a-licence-in-myanmar/ ) it is believed that SingTel ‘almost certain’ to win a licence in Myanmar. Will it crumble like its India's venture?
27/11/2012 08:46 AM
To
cc
Subject
RE :mDR joint venture in Myanmar
Morning all
I covered this stock very long ago, early this year. Then, it was the season of penny and I covered it as it was in the business times.
Everyone wants a pie from the Myanrmar development. We will be seeing some short term bullishness in this counter.
Can this joint venture be successful? Much like how investors are investing in Yoma, Interra and related Myanmar counters....
Below is an email sent out in March, covering mDR.
mDR: Joint Venture Foray Into The Telecommunication Industry In Myanmar.
26 Nov 2012 17:15
mDR Limited announced the execution of a non-binding Heads of Agreement with Be-Well (Myanmar) Company Limited, Be-Well Corporation Pte Ltd and Avitar Enterprises Pte Ltd. The execution of the HOA will pave the way for the establishment of a Joint Venture Company in Myanmar to tap into the potential growth of the telecommunication industry in Myanmar, an important and key emerging market today. mDR will hold a 51% stake in the JVC, which will provide after-sales services of telecommunication devices to consumers in Myanmar...
Date: 22 March 2012 10:24
Subject: * RE :MDR a Gem among the Penny Stocks
To:
Good Morning All,
Below is an article on MDR, a penny stock which has been in my radar for quite awhile.
Summary
:1. MDR was hit by a scandal 6 years ago and its share price has since plunge since then.
2. After major reform under the chairmanship of former Cycle & Carriage managing director, MDR business has now been in profit for 9 consecutive quarters.
3. It also recently declared their maiden dividend payout which totals to $2.1 million.
4. Keppel Land CEO Kevin Wong has steadily accumulated almost one billion shares, giving him a 15 per cent stake in the company.
5. There is about 30 "Micro Penny stocks" in SGX and MDR is definitely one of the few "Micro Penny stocks" that pay dividend and is in profit.
6. Also, Last year, it repaid all $55 million owed to its bankers and retired some $12 million of loan-stock overhang. It is now sitting on almost $16 million in cash and has no debt.
View : Sentiments seem to be strong for this stock at the moment. While there is no analyst covering this stock at the moment, there is no research report on this counter. However, backed with strong fundamentals and low price. I like business in related to the telecommunications as it is a proven solid industry.Its fall from the past could be due to management problem but that seems like all has been solved.
Corporate Profile
mDR Limited (“mDR” or the “Company”) is an established distributor and retailer (“DMS”) of mobile telecommunication devices and mobile related services. it also provides after market services (“AMS”) for mobile devices, it and consumer electronic products.
In our DMS business, we have been an established provider of distribution management solutions for mobile telecommunication equipment and mobile related services since April 2004. There are two major divisions in the DMS business, the distribution and retail business. We distribute major mobile phone brands such as Nokia, Samsung, Sony Ericsson and LG in Singapore to local retailers and dealers, as well as through our own retail outlets and franchised stores.
We manage one of the largest mobile phone retail networks in Singapore comprising Nokia stores, multi-brand stores managed by us, operating under the shop branding “Handphone Shop”, “3Mobile” and “Mobilephone Megastore”, as well as franchised stores.
In AMS, we offer a comprehensive suite of integrated after-sales customer services including customer relationship management and technical services management on behalf of our partners to their end consumers. We currently represent global brands such as Samsung, Sony Ericsson, Philips and Panasonic in the AMS business.
MDR last trading price is at 0.012.
(BTM) MDR a gem among the penny stocks
+------------------------------------------------------------------------------+
MDR a gem among the penny stocks
2012-03-21 00:40:33.41 GMT
By Ven Sreenivasan
March 21 (Business Times) -- THE unfolding market recovery
has stirred up significant interest in penny stocks, mainly
because of their potential to deliver higher percentage returns.
The danger is that, in their chase for quick profits,
punters often overlook the fundamentals. Many of these companies
have fragile balance sheets and vulnerable businesses.
That said, there are some potential gems out there.
One which has caught the market's fancy lately is mobile
telephony services player, MDR (short for Mobile Doctor).
MDR rose from the ashes of Accord Customer Care Solutions
or ACCS, which became embroiled in a major accounting scandal
that ultimately led to the prosecution of key company officials.
That was more than six years ago.
What a difference those years have made.
Following a massive restructuring, the company's fortunes
have been revived under the chairmanship of former Cycle &
Carriage (C&C) managing director Philip Eng.
Mr Eng took over the stewardship of the company in
late-2005 at the height of the ACCS crisis, and was joined by a
capable management team led by CEO Ong Ghim Choon and chief
financial officer Doris Wee in 2009. Together, they have rebuilt
the business, strengthened its balance sheet and nursed it back
to profitability.
Last month, MDR unveiled its ninth consecutive quarter of
profits. The latest set of results boosted its full-year earnings
to $7.6 million from $3.8 million in FY2010. MDR also declared
its maiden dividend payout of $2.1 million, which works out to
0.033 cents a share.
Perhaps not surprisingly, the shares of the company have
doubled in value this year, while its in-the-money warrants,
which expire in September 2014, have quadrupled in price.
But the company's upward trajectory seems to have convinced
some seasoned corporate players.
Keppel Land CEO Kevin Wong has steadily accumulated almost
one billion shares, giving him a 15 per cent stake in the
company. Mr Eng himself last week converted some 2.4 million
share options and 45 million warrants.
By any account, MDR has chalked up a remarkable comeback
for a company that was written off and left for dead in 2005.
A lot of the credit should go to Mr Eng.
Instead of continuing to focus only on after-market
services, he broadened MDR's footprint into franchised
distribution and retail services. Today, it is a platinum
retailer for M1 and SingTel.
Last month, after unveiling the company's full-year
results, Mr Eng declared that MDR would boost its business
footprint and bottomline through acquisitions of more
earnings-accretive businesses. He appears to be counting on its
strong balance sheet and conversions of its in-the-money warrants
to finance acquisitions.
Indeed, MDR has to look beyond a business which yields a
paltry 2.5 per cent margin. It needs to acquire a business which
can deliver a quantum leap to its topline and margins.
Fortunately, the company appears to have the financial
wherewithal to do this.
Last year, it repaid all $55 million owed to its bankers
and retired some $12 million of loan-stock overhang. It is now
sitting on almost $16 million in cash and has no debt.
If anyone can execute an ambitious business re-engineering
plan, it has to be Mr Eng.
After all, as MD of C&C in 2000, he engineered the purchase
of a 31 per cent stake in Indonesia's Astra International for a
princely sum of US$296 million. By 2005, Astra had become C&C's
subsidiary after the Singapore company raised its stake to 50.5
per cent. Today, its Astra stake is worth about S$20.8 billion,
and the Indonesian business contributes to 90 per cent of the
restructured Jardine C&C's earnings and accounts for 95 per cent
of its market value.
Mr Eng is not content overseeing a smallish
telecommunications equipment player delivering thin margins. If
he clinches an earnings-acquisitive business, it could double the
company's topline from $360 million now. In such cases, economies
of scale can deliver a four-fold boost to the bottomline.
Given how he helped boost the value of C&C's stake in Astra
27-fold, this is not beyond Mr Eng's capabilities.
There are about 30 so-called 'micro-penny' stocks floating
around on the Singapore Exchange. But market insiders who follow
the company say few can boast its growth trajectory and
potential. They note that at 7.5 times earnings, it is trading at
around half the market's valuation.
If anything, the recent surge in interest in this stock
seems to be based on the reckoning that a slight earnings boost
will translate into a 'multi-bagger' gain.
On paper at least, the odds seem good.
Copyright 2012 Singapore Press Holdings
-0- Mar/21/2012 00:40 GMT
DISCLAIMER:
Information in this message is confidential. It is intended solely for the person or the entity to whom it is addressed. If you are not the intended recipient, you are not to disseminate, distribute or copy this communication. Please notify the sender and delete the message and any other record of it from your system immediately.
RE :mDR joint venture in Myanmar 2 & SINGTEL's possible licensing in Myanmar
Gathered more informations on the Myanmar Golden Star Group, which owns GMS.
As quoted below...
"The JVC will also provide exclusive consultancy and retail franchisee procurement services to Myanmar-based Golden Myanmar Sea Co. Limited (“GMS Co. Ltd”), which will be involved in the mobile devices and accessories distribution and retail businesses. GMS Co. Ltd is owned by the Myanmar Golden Star Group in Myanmar, an established business conglomerate involved in diverse businesses in Myanmar such as food, alcoholic and non-alcoholic beverages, financial and medical services, farming, agricultural and natural resources, aviation, and consumer electronics trading and distribution."
A huge conglomerate with diversified businessess.
http://www.mgsgroup.net/ -> (group website)
MORE IMPORTANTLY....
Below is quoted from the pdf as well
"The JVC and GMS Co. Ltd. believe that there are significant business opportunities to be reaped from the Myanmar telecommunication market, which today has an extremely low mobile penetration rate of about 3% for a country with a total population size of about 60 million. The Myanmar telecommunication industry is poised for de-regulation and rapid growth in the near future, and it is widely believed that the Myanmar government may grant up to four telecommunication operating licences, two to Myanmar companies and two to foreign companies, with 4G services targeted as early as 2013."
mDR getting penetration into thetelecommunication operating licences? It is probably too small to venture into it unless their strong backing offers some help.
However,( from source : http://www.telegeography.com/products/commsupdate/articles/2012/11/19/singtel-almost-certain-to-win-a-licence-in-myanmar/ ) it is believed that SingTel ‘almost certain’ to win a licence in Myanmar. Will it crumble like its India's venture?
27/11/2012 08:46 AM
To
cc
Subject
RE :mDR joint venture in Myanmar
Morning all
I covered this stock very long ago, early this year. Then, it was the season of penny and I covered it as it was in the business times.
Everyone wants a pie from the Myanrmar development. We will be seeing some short term bullishness in this counter.
Can this joint venture be successful? Much like how investors are investing in Yoma, Interra and related Myanmar counters....
Below is an email sent out in March, covering mDR.
mDR: Joint Venture Foray Into The Telecommunication Industry In Myanmar.
26 Nov 2012 17:15
mDR Limited announced the execution of a non-binding Heads of Agreement with Be-Well (Myanmar) Company Limited, Be-Well Corporation Pte Ltd and Avitar Enterprises Pte Ltd. The execution of the HOA will pave the way for the establishment of a Joint Venture Company in Myanmar to tap into the potential growth of the telecommunication industry in Myanmar, an important and key emerging market today. mDR will hold a 51% stake in the JVC, which will provide after-sales services of telecommunication devices to consumers in Myanmar...
Date: 22 March 2012 10:24
Subject: * RE :MDR a Gem among the Penny Stocks
To:
Good Morning All,
Below is an article on MDR, a penny stock which has been in my radar for quite awhile.
Summary
:1. MDR was hit by a scandal 6 years ago and its share price has since plunge since then.
2. After major reform under the chairmanship of former Cycle & Carriage managing director, MDR business has now been in profit for 9 consecutive quarters.
3. It also recently declared their maiden dividend payout which totals to $2.1 million.
4. Keppel Land CEO Kevin Wong has steadily accumulated almost one billion shares, giving him a 15 per cent stake in the company.
5. There is about 30 "Micro Penny stocks" in SGX and MDR is definitely one of the few "Micro Penny stocks" that pay dividend and is in profit.
6. Also, Last year, it repaid all $55 million owed to its bankers and retired some $12 million of loan-stock overhang. It is now sitting on almost $16 million in cash and has no debt.
View : Sentiments seem to be strong for this stock at the moment. While there is no analyst covering this stock at the moment, there is no research report on this counter. However, backed with strong fundamentals and low price. I like business in related to the telecommunications as it is a proven solid industry.Its fall from the past could be due to management problem but that seems like all has been solved.
Corporate Profile
mDR Limited (“mDR” or the “Company”) is an established distributor and retailer (“DMS”) of mobile telecommunication devices and mobile related services. it also provides after market services (“AMS”) for mobile devices, it and consumer electronic products.
In our DMS business, we have been an established provider of distribution management solutions for mobile telecommunication equipment and mobile related services since April 2004. There are two major divisions in the DMS business, the distribution and retail business. We distribute major mobile phone brands such as Nokia, Samsung, Sony Ericsson and LG in Singapore to local retailers and dealers, as well as through our own retail outlets and franchised stores.
We manage one of the largest mobile phone retail networks in Singapore comprising Nokia stores, multi-brand stores managed by us, operating under the shop branding “Handphone Shop”, “3Mobile” and “Mobilephone Megastore”, as well as franchised stores.
In AMS, we offer a comprehensive suite of integrated after-sales customer services including customer relationship management and technical services management on behalf of our partners to their end consumers. We currently represent global brands such as Samsung, Sony Ericsson, Philips and Panasonic in the AMS business.
MDR last trading price is at 0.012.
(BTM) MDR a gem among the penny stocks
+------------------------------------------------------------------------------+
MDR a gem among the penny stocks
2012-03-21 00:40:33.41 GMT
By Ven Sreenivasan
March 21 (Business Times) -- THE unfolding market recovery
has stirred up significant interest in penny stocks, mainly
because of their potential to deliver higher percentage returns.
The danger is that, in their chase for quick profits,
punters often overlook the fundamentals. Many of these companies
have fragile balance sheets and vulnerable businesses.
That said, there are some potential gems out there.
One which has caught the market's fancy lately is mobile
telephony services player, MDR (short for Mobile Doctor).
MDR rose from the ashes of Accord Customer Care Solutions
or ACCS, which became embroiled in a major accounting scandal
that ultimately led to the prosecution of key company officials.
That was more than six years ago.
What a difference those years have made.
Following a massive restructuring, the company's fortunes
have been revived under the chairmanship of former Cycle &
Carriage (C&C) managing director Philip Eng.
Mr Eng took over the stewardship of the company in
late-2005 at the height of the ACCS crisis, and was joined by a
capable management team led by CEO Ong Ghim Choon and chief
financial officer Doris Wee in 2009. Together, they have rebuilt
the business, strengthened its balance sheet and nursed it back
to profitability.
Last month, MDR unveiled its ninth consecutive quarter of
profits. The latest set of results boosted its full-year earnings
to $7.6 million from $3.8 million in FY2010. MDR also declared
its maiden dividend payout of $2.1 million, which works out to
0.033 cents a share.
Perhaps not surprisingly, the shares of the company have
doubled in value this year, while its in-the-money warrants,
which expire in September 2014, have quadrupled in price.
But the company's upward trajectory seems to have convinced
some seasoned corporate players.
Keppel Land CEO Kevin Wong has steadily accumulated almost
one billion shares, giving him a 15 per cent stake in the
company. Mr Eng himself last week converted some 2.4 million
share options and 45 million warrants.
By any account, MDR has chalked up a remarkable comeback
for a company that was written off and left for dead in 2005.
A lot of the credit should go to Mr Eng.
Instead of continuing to focus only on after-market
services, he broadened MDR's footprint into franchised
distribution and retail services. Today, it is a platinum
retailer for M1 and SingTel.
Last month, after unveiling the company's full-year
results, Mr Eng declared that MDR would boost its business
footprint and bottomline through acquisitions of more
earnings-accretive businesses. He appears to be counting on its
strong balance sheet and conversions of its in-the-money warrants
to finance acquisitions.
Indeed, MDR has to look beyond a business which yields a
paltry 2.5 per cent margin. It needs to acquire a business which
can deliver a quantum leap to its topline and margins.
Fortunately, the company appears to have the financial
wherewithal to do this.
Last year, it repaid all $55 million owed to its bankers
and retired some $12 million of loan-stock overhang. It is now
sitting on almost $16 million in cash and has no debt.
If anyone can execute an ambitious business re-engineering
plan, it has to be Mr Eng.
After all, as MD of C&C in 2000, he engineered the purchase
of a 31 per cent stake in Indonesia's Astra International for a
princely sum of US$296 million. By 2005, Astra had become C&C's
subsidiary after the Singapore company raised its stake to 50.5
per cent. Today, its Astra stake is worth about S$20.8 billion,
and the Indonesian business contributes to 90 per cent of the
restructured Jardine C&C's earnings and accounts for 95 per cent
of its market value.
Mr Eng is not content overseeing a smallish
telecommunications equipment player delivering thin margins. If
he clinches an earnings-acquisitive business, it could double the
company's topline from $360 million now. In such cases, economies
of scale can deliver a four-fold boost to the bottomline.
Given how he helped boost the value of C&C's stake in Astra
27-fold, this is not beyond Mr Eng's capabilities.
There are about 30 so-called 'micro-penny' stocks floating
around on the Singapore Exchange. But market insiders who follow
the company say few can boast its growth trajectory and
potential. They note that at 7.5 times earnings, it is trading at
around half the market's valuation.
If anything, the recent surge in interest in this stock
seems to be based on the reckoning that a slight earnings boost
will translate into a 'multi-bagger' gain.
On paper at least, the odds seem good.
Copyright 2012 Singapore Press Holdings
-0- Mar/21/2012 00:40 GMT
DISCLAIMER:
Information in this message is confidential. It is intended solely for the person or the entity to whom it is addressed. If you are not the intended recipient, you are not to disseminate, distribute or copy this communication. Please notify the sender and delete the message and any other record of it from your system immediately.
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