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MYMBN Berhad is a Malaysia-based investment holding company. The Company is primarily engaged in the processing and sale of Edible Bird's Nest (EBN), focusing specifically on Raw Uncleaned Edible Bird's Nest (RUCEBN). EBNs are processed nests of swiftlets, which are made from strands of swiftlets’ saliva. It is also used in various culinary and medicinal preparations, including savory soups, desserts, food and beverages, and even skincare products. The processing of its products is conducted in-house at the group's facility in Taman Melaka Raya, Melaka, Malaysia. It sources its raw birds' nests from a list of approved suppliers in Malaysia, comprising farmers, traders, and agents. The Company is also planning to diversify into new product categories, particularly focusing on ready-to-drink and ready-to-eat bird's nest products. The primary market for its RUCEBN products is China, supplemented by domestic sales in Malaysia and Vietnam.
Notable filings
During the week of Sept 7 to 11, notable changes in shareholding at Bursa Malaysia-listed companies included those at IT company Cuscapi Bhd (KL:CUSCAPI), where Datin Seri Lee Lan Moi and Jessie Lim Me Xian ceased to be substantial shareholders.
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KUALA LUMPUR: Indeks utama Bursa Malaysia dibuka tinggi pada Isnin sebelum menurun dalam dagangan awal dalam persekitaran minat belian yang berterusan berikutan prestasi Wall Street yang kukuh dan ketegangan perdagangan Amerika Syarikat (AS)-China yang reda, kata penganalisis.
MyMBN Bhd’s (KL:MBN) non-independent and non-executive chairman Liw Chong Liong has ceased to be a substantial shareholder of the bird’s nest processing company after disposing of his entire stake.
theedgemalaysia.com highlighted one stock with positive momentum and six stocks with negative momentum at Bursa Malaysia's afternoon close on Wednesday.
Go go power ranger what's happening to this stock suddenly wake up. Any insider news seems like some changes happening dunno for good or other way around.
MBN is seeing a technical breakout likely driven by potential restructuring or operational efficiency improvements, but you better check their latest quarterly report to confirm if the earnings growth is sustainable before betting on long-term value.
wonder y enest also bird nest, sales volume higher, profitable... yet share price performance poorer than this counter? and transaction also pretty low