MMC CORPORATION BHD

KLSE (MYR): MMCCORP (2194)

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Last Price

1.99

Today's Change

0.00 (0.00%)

Day's Change

1.99 - 2.00

Trading Volume

10,938,600


11 people like this.

9,258 comment(s). Last comment by SincereStock 2021-12-25 16:07

Pinky

3,447 posts

Posted by Pinky > 2021-03-01 09:27 | Report Abuse

Congrats to loyal MMC holders!

Musfaz83

619 posts

Posted by Musfaz83 > 2021-03-01 09:30 | Report Abuse

laii mmccorp-c24

Willtolive

528 posts

Posted by Willtolive > 2021-03-01 09:47 | Report Abuse

Yes, yes, yes

Harryww

104 posts

Posted by Harryww > 2021-03-01 10:35 | Report Abuse

Just be confident. Will be another MSM. Is a good stock that has the result to show. Is just the holding power.

Musfaz83

619 posts

Posted by Musfaz83 > 2021-03-01 10:41 | Report Abuse

above 84c very good

Posted by Investmentbanker007 > 2021-03-01 10:56 | Report Abuse

Just bought 100k share at RM0.835

Posted by Investmentbanker007 > 2021-03-01 10:57 | Report Abuse

Heard that dividend will be more than 4 cents

Posted by RAYDALIO_MALAYSIA > 2021-03-01 11:00 | Report Abuse

thanks Pinky on your advise and i exactly follow your advise and direction by disposing all glove counter one month ago & all in invest at MMC

Posted by RAYDALIO_MALAYSIA > 2021-03-01 11:01 | Report Abuse

Again thanks so much Pinky

Posted by RAYDALIO_MALAYSIA > 2021-03-01 11:01 | Report Abuse

Bcoz follow Pinky advise I'm avoid big loss at glove counter

Posted by RAYDALIO_MALAYSIA > 2021-03-01 11:03 | Report Abuse

im been your follower at other 3i group as well since one year ago XD

aliyusof

1,393 posts

Posted by aliyusof > 2021-03-01 11:05 | Report Abuse

Pinky is good n objective in postings. I follow his posts in other forum too

pingdan

1,549 posts

Posted by pingdan > 2021-03-01 11:25 | Report Abuse

Yearly EPS12.32sen, if PE10 at least RM1.23...at least got 43% upside. Remember this result including Rm120mil impairment of trade receivable... if dun have impairment, we got 300mil profit this quarter..

BUY NOW EVERYONE!!!

Pinky

3,447 posts

Posted by Pinky > 2021-03-01 11:48 | Report Abuse

@RAYDALIO_MALAYSIA sharing is caring

We not blindly follow MMC

MMC fundamentals really is not bad

Pinky

3,447 posts

Posted by Pinky > 2021-03-01 11:49 | Report Abuse

@aliyusof investing must be objective, not follow feelings and emotion

Our patience in MMC is now rewarded!

Don't sell as long as dividend is maintained and sustainable

Again - TREAT MMC AS PORT/UTILITIES "quasi-REIT"!

Willtolive

528 posts

Posted by Willtolive > 2021-03-01 13:23 | Report Abuse

I will hold long term

WBJS

117 posts

Posted by WBJS > 2021-03-01 14:41 | Report Abuse

Good QR + Good Prospect + Low PE but low buying sentiment

pingdan

1,549 posts

Posted by pingdan > 2021-03-01 15:26 | Report Abuse

shark battle again

Pinky

3,447 posts

Posted by Pinky > 2021-03-01 15:35 | Report Abuse

Probably end of show today.

Need dividend announcement as next share price impetus.

tiongkeat

405 posts

Posted by tiongkeat > 2021-03-01 16:29 | Report Abuse

hope end 82 cent .

wehcant

1,259 posts

Posted by wehcant > 2021-03-01 16:31 | Report Abuse

Now only can see a bit of movement.

Pinky

3,447 posts

Posted by Pinky > 2021-03-01 16:34 | Report Abuse

Enough for today la

2nd surge on divvy announcement day la

tiongkeat

405 posts

Posted by tiongkeat > 2021-03-01 16:49 | Report Abuse

at least go back to 88 cent my entry prize for first batch lol.

tiongkeat

405 posts

Posted by tiongkeat > 2021-03-01 16:49 | Report Abuse

2nd batch entry price 80 cents

XxxxXzz

684 posts

Posted by XxxxXzz > 2021-03-01 18:12 | Report Abuse

I hope drop more lol, I wan more for dividend

JP01

456 posts

Posted by JP01 > 2021-03-01 18:44 | Report Abuse

Green superman want to come liao

XxxxXzz

684 posts

Posted by XxxxXzz > 2021-03-01 21:27 | Report Abuse

Feeling tomorrow will drop down, 3 times try break 0.84 failed. Yes, finally I can get more below 0.8

WBJS

117 posts

Posted by WBJS > 2021-03-02 08:56 | Report Abuse

today will close above 0.880

Pinky

3,447 posts

Posted by Pinky > 2021-03-02 09:16 | Report Abuse

Woohoo! Up up up!

moregain

138 posts

Posted by moregain > 2021-03-02 09:17 | Report Abuse

MMC, waiting for show to begin.

tiongkeat

405 posts

Posted by tiongkeat > 2021-03-02 09:27 | Report Abuse

RM 1.00 soon? hope this will no longer classified as PENNY STOCK

Posted by Mohd Yazid Mohd Ali > 2021-03-02 09:30 | Report Abuse

TP 2021 = 1.50 ,2022 = 2.50 ,2023 = 3.50 ,2024 = 4.50 ,2025 = 5.50 ,my planning for 5 yrs ,bought 500 lots & .80 cents , 5 yrs wang besar mali ?,inilah formula main stock market

JP01

456 posts

Posted by JP01 > 2021-03-02 09:42 | Report Abuse

Yes, green super man came!!!

pingdan

1,549 posts

Posted by pingdan > 2021-03-02 09:48 | Report Abuse

congrat for all loyal holder.. see in RM1.00++

Posted by Mohd Yazid Mohd Ali > 2021-03-02 09:58 | Report Abuse

MMC UNDERVALUED

super168

143 posts

Posted by super168 > 2021-03-02 10:23 | Report Abuse

UOBKH HIGHLIGHTS
MMC Corporation (MMC MK/BUY/RM0.78/Target: RM1.05)

Hglee92

108 posts

Posted by Hglee92 > 2021-03-02 10:54 | Report Abuse

We maintain our forecasts but tweak our fair value (FV) down slightly by 3% to RM1.49 (from RM1.54) based on “sum of parts” (SOP), adjusting for a 3% discount to reflect a 2-star ESG rating as appraised by us (Exhibits 1, 2 & 5). The FV values MMC’s ports division at 16x FY21F earnings (a 30% discount to its peers' historical average to reflect its lower margins). Maintain BUY.
We came away from MMC’s analyst briefing feeling positive. The key takeaways are as follows:
Outlook for ports: MMC highlighted that the sector’s outlook remains positive in FY21F as economies reopen. Already, PTP registered a record container volume handled of 9.85mil TEUs in FY20, translating to an 8% growth YoY. It also expects stronger container volume recovery at Penang Port underpinned by the return of containers’ volume from southern Thailand following the reopening of borders for cargoes, coupled with its recently awarded free commercial zone status (which enables it to tap into the transshipment market).

Northport: Similarly, it recorded the highest monthly volume of 310.5K TEUs handled in December 2020, backed by the return of major shipping lines such as ONE, Evergreen, MSC amid port congestion experienced at Westports and Port of Singapore (PSA). This brought its total container volume handled to 2.7mil TEUs in FY20, translating to a 0.6% increase YoY. For the year, it has received 108 ad-hoc calls and observed nine diversion of services from Westports, as well as nine new services calling at the port.

MMC shared more information on Aliran Ihsan Resources (AIRB) (which makes up about 5% of our SOP valuation). The integrated solution service provider in water and wastewater development has about three decades of experience in water supply services industry in Malaysia.
Some of its current projects include: (i) operation and maintenance (O&M) of two water treatment plants (WTPs) in Gunung Semanggol and Taiping; (ii) six industrial wastewater reclamation plants using membrane technology; and (iii) non-revenue water (NRW) reduction projects for sister companies Johor Port, Northport, Penang Port and Senai Airport, etc. Over the years, it has been shifting its focus from the traditional municipal businesses to higher growth segments such as water reclamation and NRW projects to boost margins.

The port sector in the region (Malaysia included) has come out from the pandemic relatively unscathed. Over the long term, its outlook is resilient underpinned by global trade and investments in the manufacturing sector that generate tremendous inbound (feedstock) and outbound (finished product) throughput for ports. There have been significant relocations of the manufacturing base by multi-national companies out of China due to the rising labour and land costs, exacerbated by the US-China trade war.
MMC Corp is well positioned to capitalise on these via its stable of five ports in Peninsular Malaysia with a total container handling capacity of 21.3mil TEUs annually (50% higher than its peer, Westports’ capacity of 14mil TEUs annually). We see value in MMC Corp with its port business valued at 9x forward P/E on a stand-alone basis.

tiongkeat

405 posts

Posted by tiongkeat > 2021-03-02 12:55 | Report Abuse

hope tomorrow 93 cents, 1 day 5 cents

tiongkeat

405 posts

Posted by tiongkeat > 2021-03-02 12:55 | Report Abuse

friday rm 1

chanph

727 posts

Posted by chanph > 2021-03-02 14:00 | Report Abuse

93 is the resistant some say.

Hglee92

108 posts

Posted by Hglee92 > 2021-03-02 14:10 | Report Abuse

MIDF Research is confident over MMC Corp Bhd as a recovery stock play as the group has proven its resilience amid the pandemic.

The research house said this is given the group's diverse revenue streams and deep undervaluation vis-a-vis its asset base with its book value at only RM3.38 per share.


https://www.thestar.com.my/business/business-news/2021/03/02/mmc-remains-deeply-undervalued-says-midf

Pinky

3,447 posts

Posted by Pinky > 2021-03-02 14:21 | Report Abuse

Dividend announcement will be the next catalyst.

Posted by BULLBULL_BULL > 2021-03-02 14:56 | Report Abuse

MMC port listing will be on 3rd quarter of this year

MMC at great position to ride on economy recovery on post pandemic

up up up

Posted by RAYDALIO_MALAYSIA > 2021-03-02 14:59 | Report Abuse

hi my sifu Pinky,
shall i dispose all my Genting and all in at MMC?

kindly advise

Posted by RAYDALIO_MALAYSIA > 2021-03-02 15:00 | Report Abuse

since Genting at high valuation and MMC deep undervalue

Pinky

3,447 posts

Posted by Pinky > 2021-03-02 15:09 | Report Abuse

@RAYDALIO_MALAYSIA my have 2 balls but they ain't crystal

I cannot tell the future

I holding both Genting and MMC and not gonna reduce position in both anytime before the end of Covid-19

Willtolive

528 posts

Posted by Willtolive > 2021-03-02 15:12 | Report Abuse

Based on 20 million volume and price of 89 sen currently, there is potential for higher. Better keep

newbie9893

2,292 posts

Posted by newbie9893 > 2021-03-02 15:42 | Report Abuse

next MSM in the making, hold tight. Will break 1.00 tomol

newbie9893

2,292 posts

Posted by newbie9893 > 2021-03-02 15:49 | Report Abuse

if you missed out MSM, pls buy MMC now, sure not regret

newbie9893

2,292 posts

Posted by newbie9893 > 2021-03-02 15:53 | Report Abuse

slowly but surely

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