@choysun our faith is justified!

Just sit back and enjoy the coming ride. :D

All analysts revised TP upward! Good!

At least proved that my accounting analysis skills still not yet expired XD

@matrix88 yeah, what matters most is, you see its Cash Flow Statement, operations is generating positive cash flow.

@limyuwei thanks for sharing!

General business very strong growth.
But life a bit underperformed compared to market.

Positive for me.

All segments actually recorded positive EBITDA. The loss is mainly contributed by depreciation and amortisation - sunk costs, accounting expenses.

It can only get better from now on.

Eh fall so little only? XD

@sell stop making a clown of yourself

Good results announced!

@choysun I'm more than happy to be proven wrong wahahahaha

Good for stock market, gloom for Malaysian politics.

Me. My USD1.10 TP.

Thank me with pint of Guinness.

Apa ini? Rallying on confirmed Covid-19 case at hilltop? Sharks wanna trap traders is it? XD

Please don't spread panic here.

TP 1.10 very likely.

UDS1.10

But this news will sure cause a selldown...unavoidable huhuhu

https://www.theedgemarkets.com/node/543155

If u need an excuse to sell...wahahahaha

Kenanga upgraded TP for MMC!

https://klse.i3investor.com/servlets/ptres/57729.jsp

Today Budget anxiety will keep things sideways and prevent stocks from going up. If wanna top up, now is good opportunity

Topped up a bit at 85 sen!

Maybe MMC wanna change to paying dividends quarterly instead of one lump big final dividend? That will be good :D

The Group’s Profit before zakat and taxation increased to RM123.8 million compared with RM120.2 million reported in the corresponding quarter ended 30 September 2019 attributed to higher volume handled at Pelabuhan Tanjung Pelepas (“PTP”), coupled with lower operating expenses at Penang Port Sdn Bhd (“PPSB”) and Northport Malaysia Berhad (“NMB”).

Results here:
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3107907

https://klse.i3investor.com/servlets/ptres/57078.jsp

"UOADEV intends to utilize RM21.2m or equivalent to 3% of proceeds from disposal for special dividend. That translates into special dividend of 1sen per share which is expected to be distributed within 9 months after the completion of the proposed disposal."

@whitebunny correct, 1 sen on top of normal dividend

But we dunno whether they will maintain at 14 sen or not la

The higher profit during the current quarter was mainly due to the fair value adjustment on investment properties of RM114 million with the revaluation of UOA Corporate Tower (“UCT”). On 28 September 2020, a subsidiary of the Group entered into a conditional sale and purchase agreement with RHB Trustees Berhad, being the trustee of UOA Real Estate Investment Trust for the disposal of UCT for a cash consideration of RM700.0 million. The fair value of UCT has been restated to its disposal price. The sale has not been completed as at the date of this announcement.

Latest results here:
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3107766

@BATFLY EPS boost mainly from revaluation of UOA Corporate Tower to its disposal price. However topline revenue is also not bad, considering Covid-19.

@whitebunny +1 sen special dividend upon disposal of UCT to UOAREIT.

Assuming constant 2 sen per quarter.

4.30% dividend yield at RM1.86. Hmm...not bad. But I'd think now is too late to buy, should just hold on to what u bought.

Hold.
Horn.
Ride.

These 3 words made me horny.

Yeah for revenue to just drop 2% and profit to be slightly better than the corresponding quarter, considering we're now in a pandemic, is very good indeed.

But I doubt this result will drive the stock higher toward TP of 2.10++. Most likely maintain around 1.80-1.90 I guess...prove me wrong! Go higher! :P

2 sen interim dividend announced too!

Report out:
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3107464

Not spectacular, but decent results.

I took off my profit (profited about 30%) on this counter at 1.88 yesterday, now let my original cost ride on see how far it can go. Seems to be a stubborn roadblock at 1.90

Yea correct, MMC is too big for them to kill it just becos of Syed Mohktar

It business foundations are all laid, now is reaping time

EPF raising cash to cater for i-Sinar already

@DLLKT

Assume dividend as per last year 4.5 sen

Now my high interest savings account can get me 2.45% p.a.
(if anyone is interested, go see OCBC 360 account, very nice savings account: https://www.ocbc.com.my/personal-banking/accounts/360/)

RM0.045/2.45% = Above RM1.84 my exit price

@InvestorJ I start took notice of MMC when it fell down to about 68 sen.

My average cost 78 sen. :D

DLLKT u mean MMC bridge contract is only 700m of the 3.7B?

Yes, found the news. Woohoo!

https://www.newsday24.com/world/asia/south-east-asia/jb-singapore-rts-project-to-begin-in-november-says-johor-mb/

Hasni said this during a site visit to the 7.5km two-lane two-way Sungai Pulai bridge costing about RM700mil.

MMC Engineering Sdn Bhd together with joint venture partner CHEC Construction (M) Sdn Bhd are the main contractors for the bridge project.

The bridge is scheduled for completion in October next year and will cut travelling time from Pontian to Johor Baru from an hour now to about 15 minutes.

@DLLKT is MMC one of the contractors?

Admin can ban this DreamMaster or not? Spamming rubbish

Oi sakai mf u post other stock punya stuff here apasai? Shoo!

LOL @choysun

Aiks sheet, USD so weak liao ah 4.09 only wahahahaha

GBP1.00 la, takmau USD liao XD

Please don't spread panic here.

Short-term TP 1.00







USD1.00

I also just re-purchased UOADEV at 1.59. Years ago bought at 2.1X and sold at 2.3X.

If dividend for FY2020 is as per analysts' expectation, divvy yield would be RM0.15/RM1.57 = 9.55%

Even if management decided to conserve cash and reduce payout to about 10 sen, it's still 6.37%! Better than many REITs!

- Super cash rich (see their interest income in the P&L account!)
- No borrowings (the small borrowing in their books is most likely hire purchase I think)
- Well known for product quality
- Good reputation developer

What's not to like? Look beyond the short-term slump, and u have a super yielding stock.

@DLLKT what do you think could be the reason for the prolonged price slump for this stock? 25% of NAV...this is such a big discount to Book Value!

For me who just bought in I don't see any significant further downside.

But really pity those who bought in at RM1 or even RM2! The dividends also cannot cover the paper loss.

Post removed.Why?

Aiya the glove rally today is like a dead cat bounce only la hehehe

4.02...swing play? Hmm...dah lama no play swing. Scared scared hihihi

Hmm your holding must be very big to make selling 10% worthwhile

Queue what la...if really serious about buying and aiming profit of at least >20%, what is that 1 or 2 sen difference? Just take the Seller's price la aiyo