cg14134...There wasn't any throwing below rm1. I would say the support level is rm1 and although this stock has not rise in price, the downside is limited.
Besides, it noted, the port recently took delivery of four ultra large container vessel (ULCV) ship-to-shore (STS) quay cranes, with the remaining four units expected to arrive in the third quarter ending Sept 30, 2020 (3QFY20F). This would bring the total to 66 STS cranes, of which 24 are Triple E-compliant (economy of scale, energy efficiency and environmentally improved).
“This will allow the port to serve ULCVs with a capacity of more than 23,000 TEUs. The investment in the ULCV STS quay cranes is among the initiatives taken to improve efficiency by boosting container handling capacity, capability and reliability.
“PTP has embarked on its IR 4.0 (Fourth Industrial Revolution) transformation with the key focus on an autonomous prime mover, terminal operating system, productivity application and terminal network. In collaboration with Dutch terminal truck specialist Terberg, PTP plans to use autonomous trucks in the port area in future. Also, sensors and big data will be introduced in maintenance of infrastructure that shall result in cost savings,” noted AmInvestment.
It added: “PTP will add another 100 acres (to the Tanjung Adang development) with an estimated investment of RM140 million in the existing free zone as the current free-zone land is already 95% taken up. It should attract multinational companies (especially those currently headquartered in Singapore) to put up their production facilities/warehouses there (which would also translate into gateway cargo for the port).”
The research house said it had its first look at the port’s berth measuring 5km and the yard with a storage capacity of 223, 890 TEUs during the visit.
“Dredging work was ongoing to deepen its draught to 18.5m (from 18m currently), which will allow ULCVs to call the port without any tide restrictions. At present, the port is able to support the world’s largest vessel with a capacity of up to 24,000 TEUs. However, this will only be achieved in limited available windows,” AmInvestment said.
Looking ahead, the research house said the outlook for the port sector in the region, including Malaysia, is resilient, underpinned by global trade and investments in the manufacturing sector that generate tremendous inbound (feedstock) and outbound (finished product) throughput for ports.
AmInvestment also said there had been significant relocation of manufacturing bases by multinational companies out of China due to 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 21.3 million TEUs annually (50% higher than its peer Westports Holdings Bhd’s capacity of 14 million TEUs annually). We see value in MMC Corp with its port business valued at nine times forward P/E (price-earnings) on a stand-alone basis,” it said.
“This will allow the port to serve ULCVs with a capacity of more than 23,000 TEUs. The investment in the ULCV STS quay cranes is among the initiatives taken to improve efficiency by boosting container handling capacity, capability and reliability.
.....
the above is truly a game changer - see the revised rates end of 2019 for ULCV (length exceeds 400m)
Mr Peter Sand, the chief shipping analyst at industry lobby group Bimco, said that by far the largest volume growth was seen on the Far East to North America trade.
On this route, volumes rose by 3.6 million TEUs (20ft equivalent unit) in the second half of 2020 compared with the first, and by 2.1 million TEU compared with the second half of 2019.
While cargoes from Colombo and other ports reportedly diverted to Singapore have partially contributed to the congestion, Ms Ng told BT that Singapore's role as a key transshipment hub and a port where crew changes take place are other factors.
CTI Consultancy director Andy Lane told BT that the congestion in Singapore port is "far from being a critical situation".
Singapore also appears to be coping better than other ports, and has a greater ability to flex capacity to meet peak demands as needed, he said.
PSA did not say when it expects the congestion here will be resolved, said BT. But its unit is offering a host of value-added services including priority discharge, top stowage, express delivery and timely updates, in response to the situation.
...............
3.6 million TEUs from 2.1 million on this route + PSA port congestion, gives a lot of explaining for the high utilization reported by PTP
just see the 'marinetraffic' link provided above to see the number of ships waiting at the side
coz i got bought some c23 recently, am thinking to hold until end of may after qr out, before ex date of 3.5c dividend, so hopefully next qr will be better
i think this is a good strategy to divide the dividen into 2 times. it will encourage long term shareholding of his company instead of i know dividen out every april, i only buy after april
MMC has announced final div of 3.5 ct, together with int.div of 1.5 ct, total is 5 ct / yr !! Based on current price of $1.02, div yield is 5% !!! If share price is $1.00, div yield is 5% If share price is $1.20, div yield is 4.17% If share price is $1.50, div yield is 3.33% If share price is $2.00, div yield is 2.50% If share pricebis $2.50, div yield is 2.00% Note, Bank F.D is only 2% / yr So, MMC should trade at between $2 to $2.50 in near future !!! Good Luck !!!
Final dividend announced a bit earlier this time, izzit because they want to pave the way for another big announcement -- port listing within this month ?
What will be the effect to this share if they manage to list their ports on IPO. Im planing to top up alot with my savings next week if the effect is significant
The catalyst which will make MMC share price move upward significantly ;
1)recent dividend announcement which above expectation (5 cents compared wth 4.5 cents last year)
2)MRT 3 to be commenced by 2nd half of this year (Gamuda-MMC will be awarded due to solely expertise in under ground tunnel and also lead role in this MRT 3 from starting)
3)EXPLOSIVE and GREAT SET of 1st quarter result which ended 31/03/2021 (will be announced on May 2021)
4)MMC Port IPO (will materialise on 4th quarter of this year)
Cabinet has given the green light to go ahead with the MRT Circle line or MRT3, which was suspended by the Pakatan Harapan government.
Transport Minister Datuk Seri Wee Ka Siong said that on Saturday (April 3), adding that MRT Corp hoped to kick start the project in the second half of the year. As for the beneficiaries, Gamuda Bhd and MMC Corp Bhd stand out as the obvious potential beneficiary for MRT 3 given their prior experience with MRT 1 and MRT 2 lines
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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....
Ghost1111
26 posts
Posted by Ghost1111 > 2021-03-30 18:12 | Report Abuse
@WBJS Good for you, i'm referring to index not counter ya =) Wish you all huatness