Not to mention the execution of all pent up orders due to the high shipping fees and lack of shipping containers these past few months. When all goes back to normal, MMC is going to see another good quarter again.
mmc not a goreng stock.eventhough every qtr making profit it will go up slowly.i am having mmc in my portfolio since last year n letting the gain rollon
@pinky, could be net profit for FY20 YOY 40+% increase, from 300mil to 445 mil, plus good sentiment to value/traditional business. Tech stocks dropped alot while value stocks on the rise
Hmm yeah, I've never liked growth stocks like tech stocks. Wonderfully high P/E with virtually n dividends. Those are purely buying on hope, just like glove recently. Game of musical chairs or like a pyramid scheme. The moment there is no more new players joining it will all collapse.
That's why I always look to dividends.
Dividend investing is like buying a property with secure tenant and rental income.
High growth investing is like buying a fancy high end property, hoping there will be buyers who will keep supporting the marker.
*Why MMC Corporation Berhad categorized as SUPER STOCK ?*
1) *PROFIT TRACK RECORD* Consistent profit track record for the past 15 financial years!!!(financial year 2020 better than 2019 and expected 2021 will be better than 2020)
2) *DIVIDEND TRACK RECORD* Never fail to pay out dividend for the past 15 financial years!!! (The dividend pay out increase each year start from 2019, 2020 and expected 2021 dividend will be higher than 2020)
3) *GOOD BUSINESS MODEL* Simple to understand business model which consisted of PORT business, UTILITIES business & Airport business
3) *ECONOMY MOAT* Through MMC monopoly at PORT & ULITILTIES segment!!! ##MMC Port business control more than 50% business in Malaysia ##MMC Power generation business is biggest in Malaysia ##MMC Gas business is almost solely distributor in Malaysia
4) *INTERGRITY & STRONG MANAGEMENT TEAM* Datuk Seri Che Khalid (Former Tenaga MD)
5) *HUGE SAFETY OF MARGIN* Current price RM1.05 which is well below NTA of RM3.12 & just take at Westport market capitalization of RM14.5bil compare wth MMC market capitalization which only RM3.26bil and some more MMC TEU handling capacity is 50% higher than Westport (MMC truly shouting undervalue!)
6) *STRONG SHAREHOLDER* Few major shareholders such as Tan Sri Syed Mokhtar & PNB
7) *RECESSION PROOF BUSINESS MODEL* MMC PORT business, UTILITIES business & Airport business can CONFIDENTLY survive this HEALTH CRISIS of Covid-19 pandemic & proven by registered increase profit for financial year 2020 end 31 December 2020
8) *STRONG FINANCIAL POSITION* Cash level continue to increase & debt level continue to decrease (comparison between financial year 2018, 2019 and latest 4th quarter result of 2020)
9) *LOW INTEREST RATE* Additional big boost to MMC wth financing cost saving at loan interest payment
10) *UNDERVALUE NONE CORE BUSINESS* Super undervalue none core business such as Senai land, Tanjung Bin land , Kulim land & Smart highways which is super undervalue if compare to the book value at MMC!!!
11) *BIG CONTRACT* MMC & its counterpart in Engineering will be beneficiary and frontrunner for MRT 3 and if government reviving the HSR or introduce any mega project under government economy prime pumping initiative
12) *OVERSEA EXPANSION* Possible oversea asset acquisition base on MMC strength in term of financially and experiences
13) *NO SHARE DILUTION* MMC never undertake any right issue, cash call or private placement for whole entire 15 years history!!!
14) *PRIVATISATION* Potential major shareholder take it private (dont write off this possibility due to MMC current price well below its book value!!!)
15) *NATIONAL INTEREST* Port consider one of the National Interest Asset which MMC control almost 50% in Malaysia namely Port of Tanjung Pelepas, North Port, Penang Port, Beruas Port & Johor Port
16) *MONETISE ASSET* Port listing by 4th quarter of this year and expected value MMC Port business at RM10 bil
*My latest target price for MMC Corporation Berhad is RM2 by this year*
A, B, C and D owns 25 shares in XYZ Berhad each, so that's 100 shares in total. XYZ Berhad net asset value is RM100,000 Each share is worth RM1,000 A's shareholding is worth 25 x RM1,000 = RM25,000
Share split: XYZ Berhad do a 2-to-1 share split. A, B, C and D will have 50 shares each now, by every 1 share split into 2. Total shares now 200. XYZ Berhad is still a RM100,000 company. Each share is worth RM500 now. A's shareholding is worth 50 x RM500 = RM25,000
Bonus issue: XYZ Berhad do a 3-for-1 bonus issue. That means for every 1 share you currently holding, you get another 3. A, B, C and D will have 100 shares each now. Total shares now 400. XYZ Berhad is still a RM100,000 company. Each share is worth RM250 now. A's shareholding is worth 100 x RM250 = RM25,000
The only good thing of such issues is to make the share "cheaper", more liquid. Nothing else changes.
There is a call warrant (C21) expiring on 19/3/2021 for MMC, with an exercise price of 0.88. Will there be an impact on the share price, i.e. suppression of price by IBs. Can anyone share their input on this. Greatly appreciate this. Thanks.
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beluga
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Posted by beluga > 2021-03-05 10:50 | Report Abuse
sold Suria Capital (Sabah ports) to add more MMC. In port we trust indeed.