i can see that it cant really closed above 1.24 for several times but luckily the closing is ok today...tomorrow is fri so hopefully this giant wont become coward...lol
People enjoy the party, if you sell then don’t spoilt people party mood n don’t try make negative comment ...we just want earn more n when price in uptrend , sure we want to be maximum greedy to make superb profit
Weekly chart rsi and candlesticks still strong , if today can keep the momentum by next week 1. 30 -1.45 still very likely to happen, I chose to secured half of my profit first for now and sold at 1.23 yesterday, will play in and out, good luck to all
Quoted from today Star paper article at last paragraph of “ The group has recently said it may revive the IPO plan to potentially raise US$1bil by as early as end-2021,added AllianceDBS”
Great news and another catalyst to push MMC price higher and higher
MMC CORPORATION BERHAD is a leading utilities and infrastructure Group with diversified businesses under four divisions, namely Ports & Logistics, Energy & Utilities, Engineering and Industrial Development.
This market is toppish across the board. Should yr emotion sucked you in at 1.25 or 1.26, better dump it now for 1 - 3 cents loss or else you will suffer a 20 - 30 cent loss later.
@rr88 So you are saying MMC will drop to RM0.90+, on what basis? Your calls for other stocks have been rather inaccurate. Why should we even take your word.
It's up to your personal choice to take profit or continue hold. I don't see the reason for telling everyone your personal investment decision. It will be more useful if all of us can share more personal view on company's net worth and prospects instead of keep looking at the 1 or 2 cents price movements.
This R88 fundamental study is very funny, with the price to book ration only 0.4 u said this is expensive? NTA 3.12 is so good also..if u see stock only know see last month 80 cents, now rm1. 2 and said this call expensive then u better dun buy stock, u have no idea what u doing in stock..
Prior to FY2019, MMC trading at PE ratio around 15 to 40. I just use the lowest PE ratio which is 15. Using the FY2020 EPS, the reasonable price should be RM1.85 (EPS12.32x15).. Plus there is potentail profit improvement for the next 3 quarters. Hence it is not so reasonable to sell it now...
Mr.Pinky,i dun think u say what,i known u sell half jo....Hahahaha i not wait enjoy its dividends only,i waitting is big win and trust all inside all diamond mmc outing,so that time maybe i sell all. i take dividends or month reinvestment maybe not,but this is thinking,so y i very angry u all disturb this counter,give me thinking change another counter or not....
"the port sector to remain resilient, underpinned by global trade and investments in the manufacturing sector that generate tremendous inbound (feedstock) and outbound (finished product) throughput for ports."
“MMC is well positioned to capitalise on these via its stable of five ports in Peninsular Malaysia with a total container handling capacity of 21.3 million 20-foot equivalent units (TEUs) annually, ”
Semiconductor boom? Gloves boom? You need import raw materials and export the finished products. Guess where are the entry/exit points for all those stuff? Oh, let's not forget about the TRANSHIPMENT...(other countries to other countries container... transit hub) which happen to be MMC's biggest and most lucrative one : Pelabuhan Tanjung Pelepas (PTP) :)
This stock is still veryyyy cheap at pe of below 10X... and most importantly it has very good upside potential as economy opens up.. Look at their past prices in 2018 it was over RM2.0 !!
sure, this is really a good counter but it also needs to rest sometimes so while it is resting, no harm to visit other counters.....opportunity cost mar as i am not as rich as those tycoons...lol
look at the baltic dry index now. its at all time high, mean shipping industries is booming now. MMC gamuda owns a few port in malaysia which will benefit alot.
if his port business does not wow you enough, then we look at upcoming construction play. gov will definitely launch some mega projects to keep the economy going. MMC is one of the big player for rail and MRT project.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Pinky
3,478 posts
Posted by Pinky > 2021-03-11 18:06 | Report Abuse
Mr taitaiwong, past few weeks u got buy or not?
Lai lai share with us