Here's to Kok Thay not privatising Genting ha ha ha

Privatization is via SCR not GO - there will be an EGM...disinterested parties cannot exceed 10% (if exceed the SCR fails), majority in numbers 75% in value etc...the offerors may (or may not) revise the offer price...in Selangor Properties Berhad's SCR, the final offer price was rm6.30, higher than original rm5.70 (~10%)

MMC OFFER PRICE RM 2.20 !!!

You can choose to reject and wait for a higher offer

If it becomes mandatory, you will still be able to sell it at 2

It is still way below intrinsic value and Syed Mokhtar knows it

Still 2 gives strong returns especially for recent entrants

Congratulations to all MMC shareholders

Wait for the independent adviser, and you can see how much the true intrinsic value of MMC, and no, there's no such thing as pluck from the sky 60% discount to RNAV

Ports are valued based on EV/EBITDA, not PE. don't know anything please don't open mouth

No you do not have to accept, but almost everyone will accept, since it is still a damn good price (at RM2)

Fingers crossed it is instead the Port listing ha ha ha

If privatise...well there goes a multibagger stock...

The major shareholders can at any time flip the Port assets to the Chinese at an EV/EBITDA of 20, and this is no exaggeration since the Straits of Malacca and Singapore and South China Sea is a strategic and major chokepoint for global maritime trade

And so intrinsic value of RM 6 (at least) and now trading at only RM1.30, where the market fails to appreciate its value...

What would you do if you were in the major shareholders' position? ha ha ha

Listing of the Port division does not require privatisation

But the Port division is worth a minimum RM 4 per MMC share (and even then it is only at an EV/EBITDA multiple of 10 - see: Chinese purchase of Port M&A's - and those ports are no where near as strategic as MMC's ports along the most important maritime route in the world - Asia-Europe)

To privatise, you will need PNB to come along. And with ESG and 'fairness' in the spotlight, it will be extremely tricky for PNB to go along, and so the Offeror(s) can buy my shares at RM 6 per MMC share

And the independent adviser that will be appointed, they will tell you that the offer, even at RM 3 is both UNFAIR and UNREASONABLE given the intrinsic value of MMC and the daily trading volume (i.e. highly liquid)

Hoot9e !!!

Years of downtrend and undervaluation will give way to years of uptrend and value unlocking

MMC TO THE NEXT GALAXY

The Port's true intrinsic value is worth multiple times MMC's market capitalisation. Listing it will mean consecutive limit ups

Congratulations to all diamond hands MMC shareholders

This is just the beginning and the best is yet to come

At RM1.99 I will hoot RM2

Hoot9e !!!

MMC TO THE NEXT GALAXY

Hoot9e !!!

The Top Defensive + Value + Growth Stock is MMC (2194)

The Value of MMC (2194) Senai Airport City (SAC) land alone is worth *RM4.48 billion, more than the entire market capitalisation of MMC, without even including the crown jewel Ports division (PTP, Northport, Johor Port, Penang Port, Tanjung Bruas Port), Listed Entities 37.6% Malakoff and 30.9% Gas Malaysia, Engineering (MRT1 & 2 and upcoming MRT3 - MMC-Gamuda JV)


*Senai Airport City Value
= (2,055 - 11.07) acres * RM24.1 mil / 11.07 acres
= RM 4,478.22 million @ RM 4.48 billion

- Senai Airport land - 2,055 acres as @ 31 December 2020 source Annual Report 2020
- Shengda New Energy Sdn Bhd purchases 11.07 acres of land in Senai Airport City from MMC for RM 24.1 mil in April 2021

Serba Dinamik shareholders should diversify their holdings into safe havens (Defensive) that are undervalued (Value) and which has shown year-over-year growth (Growth) during the pandemic and unprecedented times

The Top Defensive + Value + Growth Stock is MMC (2194)

The Value of MMC (2194) Senai Airport City (SAC) land alone is worth *RM4.48 billion, more than the entire market capitalisation of MMC, without even including the crown jewel Ports division (PTP, Northport, Johor Port, Penang Port, Tanjung Bruas Port), Listed Entities 37.6% Malakoff and 30.9% Gas Malaysia, Engineering (MRT1 & 2 and upcoming MRT3 - MMC-Gamuda JV)


*Senai Airport City Value
= (2,055 - 11.07) acres * RM24.1 mil / 11.07 acres
= RM 4,478.22 million @ RM 4.48 billion

- Senai Airport land - 2,055 acres as @ 31 December 2020 source Annual Report 2020
- Shengda New Energy Sdn Bhd purchases 11.07 acres of land in Senai Airport City from MMC for RM 24.1 mil in April 2021

Serba Dinamik shareholders should diversify their holdings into safe havens (Defensive) that are undervalued (Value) and which has shown year-over-year growth (Growth) during the pandemic and unprecedented times

The Top Defensive + Value + Growth Stock is MMC (2194)

The Value of MMC (2194) Senai Airport City (SAC) land alone is worth *RM4.48 billion, more than the entire market capitalisation of MMC, without even including the crown jewel Ports division (PTP, Northport, Johor Port, Penang Port, Tanjung Bruas Port), Listed Entities 37.6% Malakoff and 30.9% Gas Malaysia, Engineering (MRT1 & 2 and upcoming MRT3 - MMC-Gamuda JV)


*Senai Airport City Value
= (2,055 - 11.07) acres * RM24.1 mil / 11.07 acres
= RM 4,478.22 million @ RM 4.48 billion

- Senai Airport land - 2,055 acres as @ 31 December 2020 source Annual Report 2020
- Shengda New Energy Sdn Bhd purchases 11.07 acres of land in Senai Airport City from MMC for RM 24.1 mil in April 2021


Buying an undervalued stock based on True Intrinsic Value (TIV) is the most excellent way to invest

Sincerely,
EMSVSI

You should not invest all your money until you are left with only your underwear and should always have cash at all times to 'reinvest' or to buy the dips etc

MMC dividend 3.5c per share has gone ex today. Have 'reinvested' the dividends today

MMC TO THE NEXT GALAXY

MMC is a company whose time has come

Years of downtrend and undervaluation will be replaced with years of uptrend and value unlocking

The Senai Airport City land alone is worth more than the entire market capitalisation of MMC, without even including the crown jewel Ports division (PTP, Northport, Johor Port, Penang Port, Tanjung Bruas Port), Listed Entities 37.6% Malakoff and 30.9% Gas Malaysia, Engineering (MRT 1, 2 - MMC-Gamuda JV)

BREAKING: Total lockdown: Only critical construction work allowed, says Fadillah
May 31, 2021 01:46 am +08

KUALA LUMPUR (May 30): All construction work nationwide must to be be stopped during the total lockdown period, except for those listed under the critical services list, said Senior Works Minister Datuk Seri Fadillah Yusof.

He said in a statement today that maintenance and repair works were critical services which, if not allowed to continue, could pose a danger or inconvenience to workers, public and the environment.

According to him, this covered slope, road and bridge repairs and maintenance, traffic and traffic light management control, periodic inspections and repairs of lifts, travelators, escalators and other critical mechanical and electrical equipment.

Also allowed are repairs, maintenance and upgrades of facilities at critical service premises, as well as works to maintain, clean and dry stagnant water and spraying of pesticides at construction sites to prevent the breeding of Aedes mosquitoes and other pests.

Repairs and maintenance of railway tracks, private residence repairs and the construction of the collapsed Bailey Bridge are also listed as critical construction.

Fadillah said construction work involving main and critical public infrastructure covered tunnels, slopes, bridges and viaducts, as well as highways certified to be 80% completed.

Other public infrastructure include MRT, LRT, ECRL, Komuter, single/double track and rail projects, infrastructure associated to electricity, telecommunications, dams, drainage and sewerage, oil and gas.

Hospital constructions that are at least 80% completed, as well as the building of workers’ accommodation at construction sites are also listed.

"All contractors involved with the listed projects are required to get new approval through the Construction Industry Development Board (CIDB) Centralised Information Management System (CIMS) at cims.cidb.gov.my for the duration of the Movement Control Order beginning June 1.

"For consultants and suppliers, applications for approval to operate must be done through the main contractor, who is responsible for filling in the information of all consultants and suppliers related to the project into the system,” Fadillah said.

Fadillah said all previous approvals would not be valid during the total lockdown, and approval letters generated through the system must be displayed at the construction site premises and could be used as approval for movement by those involved in the project.

Meanwhile, he said the usual operating hours would apply, but the capacity of workers would be limited to 60%.

According to Fadillah, among the measures taken to restrict the movement of construction workers included ensuring that all employees at the construction sites undergo Covid-19 screenings before starting work and they are not allowed to move from one construction site to another location.

"The Public Works Department urges all construction industry players to comply with the latest standard operating procedure (SOP) to curb the spread of Covid-19,” he said.

Fadillah said details of the conditions and types of work allowed are clearly stated in the construction cector SOP and can be downloaded at www.cidb.gov.my.

https://www.theedgemarkets.com/article/total-lockdown-only-critical-construction-work-allowed-says-fadillah


Note: Construction work falling under 'critical services' are allowed "involving main and critical public infrastructure covered tunnels, slopes, bridges and viaducts, as well as highways certified to be 80% completed.

Other public infrastructure include MRT, LRT, ECRL, Komuter, single/double track and rail projects, infrastructure associated to electricity, telecommunications, dams, drainage and sewerage, oil and gas."

Serba Dinamik shareholders should diversify their holdings into safe havens (Defensive) that are undervalued* (Value) and which has shown year-over-year growth (Growth) during the pandemic and unprecedented times

The Top DEFENSIVE + VALUE + GROWTH Stock is MMC (2194)

*The Value of MMC's Senai Airport City (SAC) land itself is more than its current market capitalisation (excluding the Ports, stakes in Gas Malaysia and Malakoff, Engineering segments)

Ports are essential and allowed to run at maximum capacity without restrictions see:
https://klse.i3investor.com/blogs/emsvsi/2021-05-30-story-h1565956926-...

Note: MMC's auditors are PricewaterhouseCoopers (PwC). It is considered a Big 4 accounting firm

But to those within the industry, it is known as the top accounting firm. (Note: PwC is the only accounting firm that remains untainted by the 1MDB saga)

What a strong closing HAMMER

MMC uptrend is intact and unstoppable

Westports and MISC are green

MMC has presumably higher retailers who are weak holders

In any case, MMC welcomes all to the ultimate DEFENSIVE VALUE GROWTH STOCK OF 2021

MARKETS TRULY ARE FORWARD LOOKING

IT KNOWS THAT IN TWO WEEKS TIME, CASES WILL COME DOWN AND ANY DIP IS A BUY OPPORTUNITY

BUY THE DIP

DIAMOND HANDS

MMC TO THE NEXT GALAXY

Serba Dinamik shareholders should diversify their holdings into safe havens (Defensive stock) that are undervalued (Value stock) and which has shown year-over-year growth (Growth stock) during the pandemic and unprecedented times

The Top DEFENSIVE + VALUE + GROWTH Stock is MMC (2194)

Ports are essential and allowed to run at maximum capacity without restrictions see:
https://klse.i3investor.com/blogs/emsvsi/2021-05-30-story-h1565956926-BREAKING_ALLOWED_SERVICES_MCO_1_JUN_14_JUN_2021_OFFICIAL_LIST_MMC_CORP_.jsp


Note: MMC's auditors are PricewaterhouseCoopers (PwC). It is considered a Big 4 accounting firm

But to those within the industry, it is known as the top accounting firm. (Note: PwC is the only accounting firm that remains untainted by the 1MDB saga)

Serba Dinamik shareholders should diversify their holdings into safe havens (Defensive stock) that are undervalued (Value stock) and which has shown year-over-year growth (Growth stock) during the pandemic and unprecedented times

Top pick is MMC (2194)

Note: MMC's auditors are PricewaterhouseCoopers. It is considered a Big 4 accounting firm

But to those within the accounting industry, it is known as the top accounting firm. (Also, PwC is the only accounting firm that remains untainted by the 1MDB saga)

PPE including gloves at 60% capacity

MKN and MITI official list here:
https://klse.i3investor.com/blogs/emsvsi/2021-05-30-story-h1565956926-BREAKING_ALLOWED_SERVICES_MCO_1_JUN_14_JUN_2021_OFFICIAL_LIST_MMC_CORP_.jsp

PPE including gloves at 60% capacity

MKN and MITI official list here:

https://klse.i3investor.com/blogs/emsvsi/2021-05-30-story-h1565956926-BREAKING_ALLOWED_SERVICES_MCO_1_JUN_14_JUN_2021_OFFICIAL_LIST_MMC_CORP_.jsp

FULL MKN AND MITI LIST here:

https://klse.i3investor.com/blogs/emsvsi/2021-05-30-story-h1565956926-BREAKING_ALLOWED_SERVICES_MCO_1_JUN_14_JUN_2021_OFFICIAL_LIST_MMC_CORP_.jsp

MKN announced the sectors
MITI provided further details on the Manufacturing and Manufacturing Related Sectors
All are official statements/directives

Port operations are as vital to a nation and society as air is to Mankind

MMC TO THE NEXT GALAXY AND BEYOND

In unprecedented times and black swan events (pandemic, war, embargoes etc) such as what we are currently facing, the true value of a necessity and basic Human Need (vs Wants) comes shining through

Just as ports are a safe harbour for ships and maritime vessels, MMC (2194) is the safest haven for all investors and a true defensive stock for an all-weather portfolios that will shield against the volatile stock market

UPDATED TO INCLUDE MITI'S ALLOWABLE SECTORS AT 60% CAPACITY

https://klse.i3investor.com/blogs/emsvsi/2021-05-30-story-h1565956926-BREAKING_ALLOWED_SERVICES_MCO_1_JUN_14_JUN_2021_OFFICIAL_LIST_MMC_CORP_.jsp

Full list of allowed, allowed but 60%, and not allowed under the MCO 1-14 Jun 2021 below:

https://klse.i3investor.com/blogs/emsvsi/2021-05-30-story-h1565956926-BREAKING_ALLOWED_SERVICES_MCO_1_JUN_14_JUN_2021_OFFICIAL_LIST_MMC_CORP_.jsp

BREAKING: Allow import, export activities during lockdown — FMM
May 29, 2021 21:03 pm +08

KUALA LUMPUR (May 29): The Federation of Malaysian Manufacturers (FMM) urged the government to allow activities in the import and export sectors — including ports, warehousing and transportation of goods — to continue during the total lockdown period.

Full article: https://www.theedgemarkets.com/article/allow-import-export-activities-during-lockdown-%E2%80%94-fmm


Comments: Ports are essential. Whenever in doubt ask yourself, what is the number one human need - food. And what is the staple food of Malaysia - rice. And how is that attained - through imports, specifically, through shipping, which remains the most efficient means of transport for goods

More importantly, port operations require very little labour per unit of output, with many parts such as crane operations remotely handled or automated (see: YouTube videos of port operations or container loading/unloading etc)

Ports (as are all logistics) are essential services

How else do you think the politicians are going to get their A5 Kobe and truffles and caviar and abalone ha ha ha

BREAKING: Malaysia’s trade grew 43.2pc in April 2021
Friday, 28 May 2021 02:16 PM MYT

KUALA LUMPUR, May 28 — Malaysia’s trade performance remained strong in April 2021, growing by 43.2 per cent year-on-year (y-o-y) to RM190.76 billion — a new record high in terms of trade, exports and imports monthly value.

In a statement today, the Ministry of International Trade and Industry (Miti) said exports remained above RM100 billion for two consecutive months, surging by 63 per cent to RM105.62 billion during the month.

“This was the fastest growth since February 1998, marking the eighth consecutive month of y-o-y expansion since September 2020.

“Imports increased by 24.4 per cent to RM85.14 billion and trade surplus surged by 663.5 per cent to RM20.48 billion,” it said.

Miti said the expansion in exports was sustained by higher global demand, primarily for electrical and electronic (E&E) products (mainly semiconductors, in tandem with increasing digitalisation and 5G technology development), rubber products as well as petroleum products.

It said exports to all major markets — Asean, China, the United States (US), the European Union (EU) and Japan — registered positive growth.

On a month-on-month (m-o-m) basis, the ministry said trade, exports and imports grew by 2.7 per cent, 0.6 per cent and 5.4 per cent, respectively, while trade surplus decreased by 15.4 per cent.

Miti said in the first four months of 2021, trade grew by 21.4 per cent y-o-y to RM696.46 billion.

Exports increased by 27.8 per cent to RM387.81 billion and imports rose by 14.3 per cent to RM308.65 billion, while trade surplus surged by 137.5 per cent to RM79.16 billion.

In April 2021, Miti said all the products recorded positive growth, except liquefied natural gas (LNG) and transport equipment.

“Exports of manufactured goods, which accounted for 86.3 per cent of total exports, surged by 64.5 per cent y-o-y to RM91.1 billion — the fastest growth recorded in 22 years,” it said.

It noted that robust growth was recorded for all manufactured products, excluding transport equipment.

“The expansion was mainly due to strong demand for E&E products, rubber products, petroleum products, manufactures of metal as well as machinery, equipment and parts.

“Rubber products and petroleum products recorded the highest export value thus far,” it said.

Meanwhile, exports of agriculture goods (7.4 per cent share) surged by 66.9 per cent y-o-y to RM7.85 billion, mainly driven by higher exports of palm oil and palm oil-based agriculture products.

Miti said exports of mining goods (5.4 per cent share) rebounded by 24.5 per cent y-o-y to RM5.67 billion after registering negative growth since July 2019 — mainly attributed to higher exports of crude petroleum, petroleum condensates and other petroleum oil, as well as metalliferous ores and metal scrap.

Trade with Asean grew by 64.7 per cent y-o-y to RM49.85 billion in April 2021, contributing 26.1 per cent to Malaysia’s total trade.

“Exports to Asean expanded by 58.6 per cent to RM30.52 billion, maintaining a double-digit growth since February 2021.

The expansion was contributed by higher exports of E&E products, petroleum products as well as machinery, equipment and parts.

“Imports from Asean increased by 75.4 per cent to RM19.33 billion,” it added. — Bernama

Link: https://www.malaymail.com/news/money/2021/05/28/malaysias-trade-grew-43.2pc-in-april-2021/1977692


Note: “Exports of manufactured goods, which accounted for 86.3 per cent of total exports, surged by 64.5 per cent y-o-y to RM91.1 billion — the fastest growth recorded in 22 years,” it said. Manufactured goods = Container volumes

BREAKING: China ports container volume rises 18.1% From January to April 2021 [MMC (2194)]
https://klse.i3investor.com/blogs/emsvsi/2021-05-27-story-h1565273595-BREAKING_China_ports_container_volume_rises_18_1_From_January_to_April_.jsp

MMC ports control essentially the entire Straits of Malacca/Singapore, which is arguably the most important waterway in the world - Asia-Europe. When it IPO's, do you know how much the Chinese will be willing to pay for such a strategic asset, the multiples that they will pay. MMC Deep Value will finally be unlocked in 2021

MMC TO THE NEXT GALAXY AND BEYOND

Note: 1Q21 has not taken into account amongst others -
a) Suez Canal congestion (blockage was only lifted on 29 March 2021)
b) Land sales in April 2021

Compared to Westports: -
1) The quarterly performance are inversely related on a QoQ basis - when one is up, the other is down and vice versa: -

MMC
Qtr PAT (RM mil)
1Q21: 124.7
4Q20: 179.1
3Q20: 60.9
2Q20: 77.4
1Q20: 57.9

Westports
Qtr PAT (RM mil)
1Q21: 208.3
4Q20: 163.5
3Q20: 203.8
2Q20: 134.3
1Q20: 152.8

*You can plot the results on a graph and see for yourself the 'zigzag' pattern

2) Most importantly, on a Year-on-Year basis MMC has again shown a more than 100% growth for 2 consecutive quarters: -

1Q21 vs 1Q20 +115%
4Q20 vs 4Q19 +163%

Thus based on the 2 consecutive quarters of triple digit YoY growth, MMC's performance will in fact far surpass that of Westports on a full year basis

For reference, for the full FY2020, MMC PATAMI = RM 376mil - projecting a 100% growth will give a FY2021 PATAMI of ~ RM750mil

Sincerely,
EMSVSI


**For ease of reference:
MMC's quarterly results - https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=2194
Westports quarterly results - https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5246

If you don't know how to analyse the results, then refrain from commenting


As stated earlier:

Posted by emsvsi > May 18, 2021 12:17 PM | Report Abuse

It is clear some 'investors' here are actually short-term traders who are chasing after Quarter on Quarter profit growth without an understanding of intrinsic value

The Engineering segment - which consists of Construction projects (MRT2 MMC-Gamuda JV) is lumpy - Engineering EBITDA 4Q20 173mil vs 3Q20 85mil

In addition, MMC displays seasonality in quarterly results. Except for FY2013 (gain on listing of Malakoff) and FY2015 (gain on listing of Gas Malaysia), 4th Qtr ending December results are usually the highest, with the next quarter results (1st Qtr) ending March showing a QoQ decline

MMC's Deep Value will finally be unlocked in 2021 through the rerating catalysts:
1. YoY exponential profit and market share growth
2. MRT3 contract award (with Gamuda, MMC is the only domestic company with rail expertise and proven track record)
3. Port IPO (whose value is multiple fold ithr current market capitalisation)

Post removed.Why?

A week before we enter a new month and new beginnings and then...

MMC TO THE MOON

BREAKING: Suez Canal revenues reach $552 million in April -statement
21/05/2021

Egypt’s Suez Canal Authority said its revenues in April were $552 million compared with $476 million in the same month last year.

The canal’s authority said 1,814 ships transited in April, up from 1,731 ships in the same month last year.

A massive container ship blocked the waterway in late March causing a huge backlog of vessels waiting for passage in what is the fastest shipping route between Europe and Asia.

https://www.hellenicshippingnews.com/suez-canal-revenues-reach-552-million-in-april-statement/

Note: Year on Year increase with the global economic recovery (and international trade) still only just beginning. The Suez Canal is the waterway that connects Europe-Asia (and where MMC's ports in Singapore (PTP), and Malaysia (Northport etc) cover)

In the end, fundamentals will always prevail, as proven since the beginning of the equity markets

BREAKING: Sustained growth in North America East Cost import volumes

North America East Coast laden container imports in the first quarter of 2021 grew by 22.3% year-on-year, according to a Sea-Intelligence report.

May 18, 2021

Growth was also seen over pre-pandemic levels, with Q1 laden imports up 17.6% compared to the first quarter of 2019. "This shows that the demand boom is far from over," said Alan Murphy, Sea-Intelligence CEO. Total transported volumes were also up, by 14.8% compare to Q1 2020 and 12.3% compare to Q1 2019.

Full link: https://www.seatrade-maritime.com/containers/sustained-growth-north-america-east-cost-import-volumes

It is clear some 'investors' here are actually short-term traders who are chasing after Quarter on Quarter profit growth without an understanding of intrinsic value

The Engineering segment - which consists of Construction projects (MRT2 MMC-Gamuda JV) is lumpy - Engineering EBITDA 4Q20 173mil vs 3Q20 85mil

In addition, MMC displays seasonality in quarterly results. Except for FY2013 (gain on listing of Malakoff) and FY2015 (gain on listing of Gas Malaysia), 4th Qtr ending December results are usually the highest, with the next quarter results (1st Qtr) ending March showing a QoQ decline

For the true investors, set your expectations right so you do not get taken out and for MMC's deep value to be unlocked in 2021

FY2020: Pandemic and Tech stocks
FY2021: Recovery and Value stocks

Sincerely,
EMSVSI