have a good weekend guys...

noted charlest... just buy bit bit

sellers are limited....but buyers are unlimited and they dont need a rational reason as needed by the sellers

after so many days at this level....upside risk is more than downside now...

auditors usually live in a perfect ideal world....real business practise cannot be fully executed as per IFRS rules due to practical reasons...

sometimes its very difficult to make auditors understand

dividend yield wont protect downside?

In this region its common to have payment being made on behalf of big companies by individuals....

perhaps serba is not really cooking up the top line...the mistake could be only insiders (friends of Karim) benefitting indirectly by these transactions.. may be Karim wanted to protect these fellows and refute KPMG claims earlier and now this would be the only inevitable damage to serba

LC Titan also another potential privatization stock

yes...1.69

Posted by probability > Jun 3, 2021 12:31 PM | Report Abuse X

never sell guys, its just the beginning....


Posted by probability > Jun 3, 2021 2:15 PM | Report Abuse X

what news to sell? news yet to come....

.....

hope everyone benefitted

what news to sell? news yet to come....

never sell guys, its just the beginning....

good closing, money from market will keep coming here.....safe haven stock

why gap down? It should gap up... retailers all stay at home, money will overflow here

Thanks emsvsi..

PTP currently has 14 container berths with an annual handling capacity of over 10.5m teu. The terminal is equipped with 58 super post panama cranes, 45 of which are provided by ZPMC.

7 additional cranes from ZPMC will increase Total annual TEU throughput by 12%

More TEUs handling capacity on the way through expansion...

https://www.seatrade-maritime.com/ports-logistics/zpmc-wins-port-equipment-contract-ptp-malaysia

https://www.porttechnology.org/news/psa-singapore-breaks-productivity-record-as-suez-crisis-causes-transshipment-surge/

https://assets.theedgemarkets.com/pictures/essential-services-list-amended-13012021.png

BP plastic is not only able to pass down the rising price of the raw material HDPE, but expand their margin too from 8.5% to 9.6%...this shows the demand is end consumer driven due to E-commerce where everything is delivered at your door step from any part of the world (this would be a lasting trend)

https://klse.i3investor.com/servlets/stk/fin/5100.jsp

unlike glove players, petrochemical plants wont sprout like mushroom after momentary rain (good margin)..

petrochemical margins is likely to sustain at a good level going forward for long term

Next year PSA will hike up its port tariff by 6%, margin will surely expand at PTP

If it disposed its loss making Senai airport itself you will have additional 100m profit per qtr......

We gathered that while its construction order-book is currently at c.RM4.9b (90% from MRT Line 2, expected to be completed by 2022), management is actively bidding for new projects in order to meet its targeted order-book replenishment of c.RM500m p.a.

i see the max it may deliver 5m profit (per qtr) to Suria assuming 100% stakes

thanks for sharing sincerestock

https://www.theedgemarkets.com/article/newsbreak-dp-world-eyeing-stake-sabah-ports

Last year, the Sabah-based port operator handled 386,786 TEUs (twenty-foot equivalent units) — up 9.5% from 353,161 TEUs in 2017.

..........

the handling capacity is like 3% of MMC'capacity

@sincerestock, what is its TEU handling capacity? i think its incomparable to ptp

finally pingdan came out...boss any comments on eng segment? any remaining revenue to be recognized

Posted by pingdan > May 25, 2021 10:59 AM | Report Abuse

finally mmc to the moon

satisfied with the port performance as predicted (next qtr will be even better due to Suez canal clearing pent up vessels), only the engineering segment did not turn out as pingdan predicted...if it comes next qtr, it will be a record qtr earnings

and by the way PTP transshipment is at 97% of all TEUs handled presently, North port would also be at similar level.

Just some deep information sharing to enlighten all:

Another ‘New Normal’ as Container Rollover Rates Increase
May 11, 2021

https://gcaptain.com/another-new-normal-as-container-rollover-rates-increase/

The worst performer was Malaysia’s Port Klang, where rollover rates increased 7% year on year to reach 64%, meaning that nearly two of every three boxes handled missed their intended sailing.

https://www.icontainers.com/us/2018/06/19/what-happens-when-your-cargo-gets-rolled/

What happens when your cargo gets rolled?

If your cargo is rolled because of a carrier issue, the carrier will automatically rescheduled your shipment and place it onto its next-departing vessel. Any extra charges involved will be covered by the carrier.

However, should your cargo get rolled due to missing paperwork or customs problems or failure to comply with certain requirements, you will be charged for the roll over.

Note that roll overs often cost more than the ocean freight price itself.

Avoid transshipments. Containers travelling on routes with transshipments run a much higher risk of getting rolled. First at the port of sail and then at the transshipment ports, however many and wherever there may be.

lame excuse.... bullshit...

Malaysian avg death rate per day is only 5 before covid from all natural causes, covid alone is hitting 50 per day now

how can suicides due to economic restriction go above this rate?

if left as it is...there will be a point where Islamic countries would only chose to trade with Islamic countries...every single produce for consumption will be forced to have Islamic origin..

it will be an economic sanction based on religion

reproduction in the name of love is not far from war via domination (by increasing their population %)..its violence masked in the name of love...

China is smart enough to sense this by seeing how they deal with Uighurs

if aliens see our planet...it would be too obvious to them that the above is the single most stark issue humans are facing that is preventing absolute peace..

its embarrassing to see despite all the technological advancement and intelligence and empathy human posses...the above is still persisting like a growing cancer

I would give a Noble prize....if we can find one single Muslim leader out of the 1.8 billion Muslims around the world to teach the Islamic followers on recognizing, respecting that all other religion have equal strength and conviction on their own respective religion and that absolute freedom and respect to be given to their rights and practices.. and that the Muslims shall be given rights to convert and chose whatever religion they wish too...

religion should not be forced on the believers and to the others who are living within their surrounding...give absolute freedom to others to do what they wish

if the leader can make muslims live with other religion just like how christians could live together with jews, and hindus with buddhist...

if he could do that, we will be saving millions of lives for years to come and eliminate war completely from the planet, and will reduce significantly the risk of humanities extinction from potential nuclear mishaps...

Lotte Chemical’s spread to sustain in 2H21

https://themalaysianreserve.com/2021/05/04/lotte-chemicals-spread-to-sustain-in-2h21/

JP Morgan Chase & Co in a separate note last week, expects Lotte Chemical to post strong earnings in 2Q21 though it anticipates some normalisation into 2H21.

The investment bank expects spreads to remain healthy into 2H21 and 2022 as it forecasts FY22 polyethylene (PE) and polypropylene (PP) spreads to be between US$600 and US$675 per tonne versus US$710 and US$850 per tonne range currently.

“We upgrade our FY21/FY22E net earnings by circa 2.5 times to three times as we raise our December 2022 TP to RM5.50 from RM4, which accounts for an 84% potential upside,” it said.

The firm reiterated its ‘Overweight’ call on Lotte Chemical.

Due to the strong PE/PP spreads experienced by Lotte Chemical, JP Morgan raised the company’s FY21 and FY22 Ebitda to US$199 and US$163 per tonne respectively.

Click on the 'Quick Guide' on The top 20 producers of single use plastic, on below article

https://www.theguardian.com/environment/2021/may/18/twenty-firms-produce-55-of-worlds-plastic-waste-report-reveals

The top 20 producers of single use plastic

1. ExxonMobil contributes 5.9% of total single use plastic waste
2. Dow 5.6%
3. Sinopec 5.3%
4. Indorama Ventures 4.6%
5. Saudi Aramco 4.3%
6. PetroChina 4%
7. LyondellBasell 3.9%
8. Reliance Industries 3.1%
9. Braskem 3%
20. Alpek SA de CV 2.3%
11. Borealis 2.2%
12. Lotte Chemical 2.1%
13. Ineos 2%
14. Total 1.9%
15. Jiangsu Hailun Petrochemical 1.6%
16. Far Eastern New Century 1.6%
17. Formosa Plastics Corporation 1.6%
18. China Energy Investment Group 1.5%
19. PTT 1.5%
20. China Resources 1.3%

.........

I see Lotte Chemical is already top 5 players in Asia.
If they expand with LINE in Indonesia they will have almost monopoly in terms of pricing in the region....

hope more investors realize that this is safe haven stock at current worrying level covid cases in malaysia and seeing the pace of vaccination....


Posted by probability > May 21, 2021 1:48 PM | Report Abuse X

https://www.theedgemarkets.com/article/stacking-mmc%E2%80%99s-ports-against-westports

While certain quarters say PTP, MMC’s port division’s main revenue generator, is largely a transshipment port, with 95% of its throughput being transfer cargo, it has to be noted that as much as 70% of Westports throughput comes from transshipment too.


PTP handled 8.03 million TEUs in 2016, according to the Ministry of Transport’s website. Of this almost 94%, or 7.54 million boxes, were transshipment.


94% transshipment (meaning it does not involve our import & export)
.........

say you have 3% import and 3% export of the remaining TEUs, even if Malaysia completely lockdown (zero manufacturing for export), it effects about 3% max.

Further more, we will have to import way more to compensate under lockdown

Financial year ending 2020: Net cash generated from operating activities 1,076,804 ( RM 0.47 per share per annum)

Q1 - 2021 alone, Operating profit/(loss) before working capital changes 633,045 (RM 0.28 per share quarter)

Total Cash and other investments: 4,698,658 (Rm 2.06 cent per share)

..............


The above means, at current price you are buying the company at RM 3.05 - RM 2.06 = RM 0.99


Using the average cash flow before the turnaround results in Q1-21, of RM 0.47 per annum, your pay back is 2 years (RM 0.99/ RM 0.47)

Using the cash flow generated in Q1 - 2021 and annualize it, you get a a forward payback period of less than a 1 year (RM 0.99 / (RM 0.28 x 4)

Even if you HALF the cash flow for annualizing, your payback is 1.8 years.

Not sure if there is any stock cheaper than that in Bursa...if it persists too long i think easily you can have take over offer

LOL!...

Posted by SincereStock > May 21, 2021 5:01 PM | Report Abuse

@Ogopogo maybe they bought some at 1.10, TA wise it is uptrend now, so who knows. uptrend = buy, downtrend = cutloss. that what TA sifu teaches us

https://www.theedgemarkets.com/article/stacking-mmc%E2%80%99s-ports-against-westports

While certain quarters say PTP, MMC’s port division’s main revenue generator, is largely a transshipment port, with 95% of its throughput being transfer cargo, it has to be noted that as much as 70% of Westports throughput comes from transshipment too.


PTP handled 8.03 million TEUs in 2016, according to the Ministry of Transport’s website. Of this almost 94%, or 7.54 million boxes, were transshipment.


94% transshipment (meaning it does not involve our import & export)
.........

say you have 3% import and 3% export of the remaining TEUs, even if Malaysia completely lockdown (zero manufacturing for export), it effects about 3% max.

Further more, we will have to import way more to compensate under lockdown

unlike gloves having large number of workers and densely packed....petrochemicals have high standard of precautionary measures and trained staffs to follow struct procedures to prevent any such cases

Post removed.Why?

@information, thanks

agreed, i think anything above 4 cents is fantastic

Posted by SincereStock > May 18, 2021 12:53 PM | Report Abuse

@probability declining doesn't indicate result below expectation. see what happen before previous result release.

some so called 'investors' from GenM became investors in mmc just within weeks of heavy promotion in GenM forum...and post Breaking news!! ....daily here....LOL!

i heard mah sing, hong seng , johan also started petrochemical business due to good margin presently

market thinks lctitan making gloves?

sorry not PTP, port & logistics segment as a whole above 900m

its just waiting for the results to repeat q4 20 to be sure before spiking up i guess

i am 99% certain ptp revenue is above 900m

lets see

downside also very low with such dividend payout

but i doubt its below expectation, ptp confirmed to have revenue above 900m