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MBMR is basically the proxy for Perodua's growth, and with their strong dividend yield and solid cash flow, it’s a classic value play for the long haul. The valuation is still looking attractive despite the sector rotation, so as long as local auto demand stays resilient, this stock is a steady compounder to keep in the portfolio.
MBMR is a solid cash cow with strong dividends and high margins from its Perodua dealership, making your entry price quite reasonable for long-term hold. Waiting for RM4.00 is really gambling on market dips that might never come, so just collect your dividends and enjoy the stable growth.