Boustead NTA is 174c. RM115 million for 184 million shares is equivalent to 63c per share therefore it is still 74% discount. Not a bad deal for MMC and Westport Holdings.
No intention to annoyed anyone, this counter fly 60% from 0.78 to 1.26, this is stock market, those bought at 0.8 - 0.85 should consider to take profit at 1.15-1.25, look at history of the chart, uptrend candle for monthly chart have never exceed 60cent for a single candle.
what you talking about. So 10 years down the road MMC still stuck at 0.85-1.25? So how are you going to value a company which is making profit? Once you sold at 1.20-1.25 your TP, then wish it to go lower so that you can collect? Thats why Bursa point never go up above 1800. Never because people with mindset like you. Posted by JP01 > Mar 22, 2021 4:27 PM | Report Abuse
No intention to annoyed anyone, this counter fly 60% from 0.78 to 1.26, this is stock market, those bought at 0.8 - 0.85 should consider to take profit at 1.15-1.25, look at history of the chart, uptrend candle for monthly chart have never exceed 60cent for a single candle.
MMC CORPORATION BERHAD (“MMC” OR THE “COMPANY”) PROPOSED ACQUISITION OF 2,500,000 ORDINARY SHARES REPRESENTING 50% EQUITY INTEREST IN RETRO HIGHLAND SDN BHD (A JOINT-VENTURE COMPANY BETWEEN TRADEWINDS CORPORATION BERHAD AND S P SETIA BERHAD) BY MMC LAND SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MMC, FROM TRADEWINDS CORPORATION BERHAD
No wonder the price goes down. Somebody already know TSSM will be disposing his other business into MMC.
Just look at the BCC transaction, the results were disclosed up to FY19 only. You should ask WHY!? FY20 results should be A LOT WORSE than FY19 due to Covid and the nature of the cruise biz. By now 4Q20 and FY20 results should be available already. Omission by convenience or they just try to avoid shocking minority shareholders?
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 > 2021-03-22 10:01 | Report Abuse
I reloaded a bit just now at 1.12
Earned enough at JOHOTIN, don't like the latest quarterly report. Took profit and exited.