Posted by Pinky > 2021-04-13 16:32 | Report Abuse

Bursa 200+ up
600+ down

Apa lagi u orang mau

Posted by pingdan > 2021-04-13 16:36 | Report Abuse

Overall market sentiment is bad... break down to 1600 again...

Posted by Inv3st0r69 > 2021-04-13 21:47 | Report Abuse

Lol ppl telling to run from mmc.. fundamentally speaking, this is one of the best bet if market crash.. fundamental very strong

Posted by JoshuaMS7 > 2021-04-14 09:20 | Report Abuse

haha no one wants to goreng then also no use...

Posted by petnch2020 > 2021-04-14 09:44 | Report Abuse

Joshua,

I don't think MMC falls under the "goreng" stock. Most that bought into this company will probably falls under the "value investors" category more than momentum investors.

If you look at the recent top 30 investors list in FY20 Annual report, you will see that there are now a lot of foreign funds that have been buying shares of MMC. They did not have any position in MMC previously. Below are some of the new foreign funds. Most of them normally uses value/ growth investing strategy rather than momentum trading. You can check their website to see the explanation

JP Morgan
UBS AG
Eastpring Investment
State Street Corporation
California State Teacher Retirement System
Mackenzie Emerging Market
Universal Investment Gesellschaft
WisdomTree
Florida Retirement System

Posted by emsvsi > 2021-04-14 10:31 | Report Abuse

BIMCO: Containership Orders Reach High with Focus on ULCS

BY THE MARITIME EXECUTIVE | 7 April 2021 08:04:38

Construction orders for new containerships are at a high, setting new records in March and highlighting the confidence of the shipping industry. The industry trade group BIMCO is highlighting the order book as its “number of the week.”

BIMCO reports that in March, orders for 45 Ultra-large containerships (15,000 and above TEU capacity) were placed, breaking a record. In addition, they report that an additional 27 orders for smaller sized ships were placed in the same month, bringing the total to 866,060 TEU on order worldwide. BIMCO’s Chief Shipping Analyst Peter Sand believes this indicates a turnaround for the container shipping sector.

The turnaround for the container shipping sector offers a glimpse of the level of confidence currently seen in the business on behalf of owners as well as investors says BIMCO. For all of 2020, a total of 995,000 TEU of container shipping capacity was ordered. Capacity ordered in the first quarter of 2021 has already reached 1,398,000 TEU, a six-year-high compared to previous full years.

“The industry is keen on benefitting from the economies of scale that ultra-large containerships have to offer if you carry payloads close to its cargo carrying capacity,” says Sand.

Full article: https://www.maritime-executive.com/article/bimco-containership-orders-reach-high-with-focus-on-ulcs


More ships (or cars or planes) = more traffic for ports (or petrol stations or airports)

The orders confirms the increase and upcycle in global trade

Posted by petnch2020 > 2021-04-14 10:34 | Report Abuse

An article relating to the announced potential tender of MRT3.

https://www.thestar.com.my/business/business-news/2021/04/14/new-mrt3-details-could-offer-more-upsides

The analyst mentioned that Gamuda will be the obvious beneficiary of the project. Even mentioned other companies like Kimlun, IJM and MRCB. The analyst just seem to forget that Gamuda exposure to MRT3 will be via MMC-Gamuda ventures. MMC owns 50% of the venture which is the same as Gamuda's.

In term of % value increment to companies, MMC actually has a higher % exposure to MRT3 vs Gamuda given that the market cap of MMC is only RM3.2bil vs Gamuda's RM9.0bil (mainly due to MMC forward PE of only 6x vs Gamuda fwd PE of 17x)

Posted by flippiwippi > 2021-04-14 10:37 | Report Abuse

Buy and hold for the dividend.

Posted by tatwaiwong > 2021-04-14 22:27 | Report Abuse

大基建重启新合约出闸　建筑股有望逐步走高

Posted by jgb349000 > 2021-04-15 13:02 | Report Abuse

Write in english or malay la.this is malaysia.

Posted by aliyusof > 2021-04-15 13:12 | Report Abuse

Petn2029...well explained

Posted by traderA > 2021-04-15 23:05 | Report Abuse

it good! let us slowly collect

Posted by petnch2020 > 2021-04-16 09:22 | Report Abuse

Yeah agree. Have to be patient a bit with MMC. A lot of people still have yet to see the value and growth potential for the company. Most are looking elsewhere for recovery play investment which has push some of the share price at ridiculous valuation.

MMC being the leading port operator in Malaysia (and top 10 globally) will actually benefit directly from the rebound of major economies which itself will see better trading activities. Ports being the gate for import and export trade are one of the first to feel the effects of any pick up in economic activities.

We actually already seen it in 4Q20. Expect to continue through out FY21. Hopefully by then market would put a fairer valuation to MMC rather than a mere 6x fwd PE.

Suria Capital, which is the smallest listed port operator in Bursa and is the operator of Kota Kinabalu port already command a fwd PE of more than 10x (premium of 60% vs MMC). Westport the 2nd largest port operator in Malaysia commands a forward PE multiple of more than 20x (230% premium vs MMC).

Lets wait for 1Q21 result. It should show significant growth improvement vs last year result.

Posted by DepecheM > 2021-04-16 12:39 | Report Abuse

Ex date in June... collect with correction

Posted by t_nike2002 > 2021-04-16 15:30 | Report Abuse

Looks like heavy sell volume coming...

Posted by Pinky > 2021-04-16 16:53 | Report Abuse

Topped up a bit at 1.03 today. Nice!

Posted by traderA > 2021-04-16 17:06 | Report Abuse

me too top up on 1.03.. chance for us..

Posted by BilisMrJ39 > 2021-04-16 17:29 | Report Abuse

Join this counter at 1.03 with my glove profits. Hopefully it will surprise me next week

Posted by Pinky > 2021-04-16 17:30 | Report Abuse

This counter will reward those who are patient and have holding power.

But if you're looking for extraordinary fast gains, you will be disappointed.

Posted by BilisMrJ39 > 2021-04-16 17:37 | Report Abuse

Not looking for extraordinary fast gain, but finding those undiscovered gem with good fundamental and potential.

This counter looks super underrated, lets see how it perform.

Posted by pingdan > 2021-04-16 17:48 | Report Abuse

Mmc win litigation case.. free 52mil into pocket

Posted by aliyusof > 2021-04-16 20:16 | Report Abuse

Pingdan ...yes rm52m awarded to MMC subsidiary in arbitration. https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3148793

Posted by DepecheM > 2021-04-17 05:07 | Report Abuse

MMC share price is just waiting to explode... a couple of good news of potential LU already ... accumulate with weakness.

Posted by JoshuaMS7 > 2021-04-17 08:47 | Report Abuse

Us market very stable and broke historical highest, foreign fund might bk to buy klci undervalued and fundamental strong stks soon! Plus dividend given June this counter will be best option for foreign fund when they found klci is still lagging and very far away from historical highest!!

Posted by WINDX1221 > 2021-04-17 16:16 | Report Abuse

port asset gonna ipo soon

Posted by emsvsi > 2021-04-17 17:19 | Report Abuse

BREAKING

Major Chinese container ports volume up 10.8% in late March [2021]

Container volume at eight major Chinese ports increased 10.8% year-on-year in late March.
Katherine Si | Apr 08, 2021

According to the statistics released by China Ports and Harbors Association, export container volume increased 8.7% while the domestic volume increased 18% in late March. Among which, the port of Ningbo-Zhoushan and Shenzhen posted a growth rate of over 30%.

Full article: https://www.seatrade-maritime.com/ports-logistics/major-chinese-container-ports-volume-108-late-march

The global economy, and therefore international trade and shipping are on an uptrend

Posted by keown83 > 2021-04-18 00:19 | Report Abuse

but i think next week this counter will still sideway due to people rushed into gloves stock..cases in malaysia & wordlwide increasing in a worrying state

but then, the longer the sideway the stronger the up trend coming afterwards

Posted by coffeesheep > 2021-04-18 14:37 | Report Abuse

qr release on end of May, dividend ex date 2nd June, I think price probably will start moving up at 3rd week of May, TP 1.3?

Posted by probability > 2021-04-18 20:08 | Report Abuse

https://www.thestar.com.my/aseanplus/aseanplus-news/2021/04/18/demand-from-china-spurs-surge-in-singapore-exports

Posted by petnch2020 > 2021-04-19 08:34 | Report Abuse

Apart from the better industry outlook (both in their port and construction businesses) which will lead to better financial performance in fy21, another catalyst that investor need to take seriously is the monetisation of MMC's port business most probably via IPO.

Analysts are expecting a busy pipeline in the ipo market as highlighted in the satar most recent article: https://www.thestar.com.my/business/business-news/2021/04/19/stronger-pipeline-to-boost-deal-flow

MMC initially wanted to list the port business back in 2018. Prior to the IPO management had decided to bulk up its portfolio exercise with a slew of ports acquisition. 3 acquisitions were completed in 2017: NCB Holding Berhad (operator of Northport), Penang Port and Port Tanjung Bruas. They even wanted to acquire Sabah Port Sdn Bhd the operator of 5 ports in Sabah which is owned by Suria Capital but that deal did not materialised due to a higher valuation wanted by Suria Capital. Prior to all these acquisition MMC was actually only operating 2 ports PTP and Johor Port.

All this was to give access to investors for a pure play leading port operator in Malaysia with a bulk of the earnings coming from PTP. Growth in earnings will still come mainly from PTP but will be complemented by the improved in financials of the newly acquired ports.

However the ipo was canceled due to various issues primarily the trade war started in 2018 by president trump which had affected the performance of its ports but also the deterioration of investors demand for bursa listed companies after the surprising outcome of GE14. Investors confidence especially foreign investors was at a low point back then which means any port listing will not gives MMC the valuation that it was seeking.

Now with improved port activities (as shown in 4q20 result) and high market demand for ipos, it make sense for MMC to try to list it ports this year hence why there were rumours that the company is looking to list it by end of this year with expected capital to be raised at around rm4 bil valuing the port business at around rm10 bil ( assuming a 40% stake sale as mmc will still want to have controlling interest in the business).

This means that the port business alone would be valued at rm3.30 per share.

Posted by JoshuaMS7 > 2021-04-19 08:47 | Report Abuse

Walao! Buy for future!

Posted by petnch2020 > 2021-04-19 10:35 | Report Abuse

Yeah. MMC should at least trade at price above RM2. Prior to the Trumps announcement of a trade war with China back in end 2017, MMC was actually trading at between RM2.30 and 2.70 and this is with lower profit level than what it is expected to achieved in FY21.

So yes, MMC is really undervalue at the moment which it shouldn't be given all the positive catalyst lining up for them in FY21 and FY22.

Posted by emsvsi > 2021-04-19 10:49 |

Post removed.Why?

Posted by emsvsi > 2021-04-19 10:52 | Report Abuse

Being secondary port in both Port Klang and Singapore, means that MMC has higher available capacity to handle the increased ships and cargo compared to those ports already running at full utilisation (similar to the glove industry - Supermax vs Hartalega)

Posted by petnch2020 > 2021-04-19 10:56 | Report Abuse

Thanks emsvisi. Totally agree. We actually have seen that in 4Q20 when volume of Northport increases due to ships deciding to go to Northport instead of both Singapore and Westport which were both congested.

The current situation of congestions still remains i believe. We will see in 1Q21 result if Northport benefited again from this congestion.

Posted by BULLBULL_BULL > 2021-04-19 13:03 | Report Abuse

We need more people and analysts like petnch2020, DLLKT and emsvsi

Posted by RAYDALIO_MALAYSIA > 2021-04-19 13:03 | Report Abuse

@Pinky equally good in buy call at MMC , Pinky made a right call as well , i will follow Pinky to invest at MMC for dividend collection

Posted by probability > 2021-04-19 13:56 | Report Abuse

So Aminvest upgrade TP from 1.51 to 1.68 then... good!

Posted by probability > 2021-04-19 14:20 | Report Abuse

Gas tariff risen, PTP Port tariff risen with further upward pressure from PSA tariff rise by 6% end of the year, Strengthening its Northport with BCC acquisition, Port having high utilization rate due to transhipments and TEUs demand to rise 9% annually organically, Senai land slowly reflecting its value.....

Boost from MRT3 project directly (via MMC gamuda) and indirectly by giving all of its ports strategic advantage...

Inflation from excess money in the market....

MMC CORP appears a no brainer...just give it time

Posted by bobochacha > 2021-04-19 15:37 | Report Abuse

must be the sleeping beauty in bursa. waiting for the prince to kiss her . then she awaken.

when will the prince come oh

Posted by BeginnerLearner > 2021-04-19 16:24 | Report Abuse

The financial results to be released in May will be prince charming

Posted by Hglee92 > 2021-04-20 08:36 | Report Abuse

"Mixed fortunes for transport sector | The Star" https://www.thestar.com.my/business/business-news/2021/04/20/mixed-fortunes-for-transport-sector

Posted by bobochacha > 2021-04-20 09:44 | Report Abuse

recently alot of news touching on seaport and logistic . mostly is good news

Posted by pingdan > 2021-04-20 09:58 | Report Abuse

Let's party!! GoGoGo MMC

Posted by Pinky > 2021-04-20 10:16 | Report Abuse

I need to repay my crystal ball Thailand baby ghost

My MMC move is correct again hahahahaha

Posted by Hglee92 > 2021-04-20 11:12 | Report Abuse

"刺激方案推动复苏中制造业　交通物流“钱”景佳 - 财经 | | 星洲网 Sin Chew Daily" https://amp.sinchew.com.my/content/content_2462729.html

Posted by emsvsi > 2021-04-20 11:29 | Report Abuse

MMC is a company whose time has come

Like cyclical sectors, transportation plays an integral role in the global economy (Dow Jones Transportation Average Index is a barometer of economic activity) especially at the start of a global recovery, with ports and shipping in for a multi-year upcycle and re-rating

Posted by BULLBULL_BULL > 2021-04-20 11:43 | Report Abuse

This morning take out FD RM45K and buy into MMC and happily wait for 02/06 dividend

Make my money work harder, too lazy ..ha ha ha

Posted by DepecheM > 2021-04-20 12:45 | Report Abuse

Engine started it seems... buying will intensify as QR and dividend ex date get closer.

Posted by Bossanova > 2021-04-20 13:01 | Report Abuse

Yeah rm1.10!!