Posted by emsvsi > 2021-04-29 15:15 | Report Abuse

Freight volumes rise at the Port of Gothenburg
29/04/2021

Freight volumes are continuing to rise at the Port of Gothenburg in the majority of segments, despite the impact Covid-19 is having on global logistics. This can be seen from the volume report for Q1 2021.

In March 2020, the full force of the Covid-19 pandemic struck Sweden and many parts of the world. However, it failed to have a bearing on Q1 freight volumes at the Port of Gothenburg.

During the first quarter of this year, global trade has been hit hard by the pandemic with a shortage of empty containers, continued closures, and the spread of the virus being the major aggravating factors. In spite of this, flows through the Port of Gothenburg in the container, ro-ro, and new vehicle segments have increased.

“The situation now is considerably more problematic than it was a year ago. Still, volumes at the Port of Gothenburg are on the rise, reflecting how adaptable and solution-oriented the logistics sector is in the face of adversity. Everyone is working extremely hard at every level to meet the challenges that have emerged, and in Gothenburg and Sweden we can see that by working together we have been extremely successful,” said Elvir Dzanic, Gothenburg Port Authority chief executive.

Full article: https://www.hellenicshippingnews.com/freight-volumes-rise-at-the-port-of-gothenburg/


Comments: International trade is global - what happens in one market (or port) happens in all markets (or port). After all, every ship that departs from one port, needs to dock in another

MMC's time has come and all that deep value will finally be unlocked

TO THE MOON

Posted by aliyusof > 2021-04-29 20:00 | Report Abuse

https://www.theedgemarkets.com/article/penang-port-eyes-50000-teus-transhipment-throughput-2021?type=malaysia

Posted by DepecheM > 2021-04-29 23:06 | Report Abuse

MMCCORP is a laggard.... but it's OK...1 year later... share price would have doubled at least... worth waiting

Posted by newbie123456789 > 2021-04-30 09:04 | Report Abuse

talk here talk there, talk until so good also no use. we all know fundamentally it is very very good. it is just too heavy to move.

ps;- i am also a long term investor.

Posted by probability > 2021-04-30 10:22 | Report Abuse

westport green...mmc sleeping

Posted by Superb99 > 2021-04-30 10:43 | Report Abuse

Ya, hard to fly...too bad

Posted by emsvsi > 2021-04-30 10:55 | Report Abuse

South Korea container port volumes grow 1.3% in Q1

Containerised cargo grew by 1.3% at South Korea's seaports year-on-year in the first quarter of 2021, according to the country's Ministry of Oceans.

Michele Labrut | Apr 29, 2021

Seaports volumes reached 7.29m teu in the January-March period, up from 7.19m teu a year earlier.

Export and import cargo increased 4.5% year-on-year to 4.24m teu in the first quarter. The Ministry attributed the growth to stronger trade with China and Canada.

South Korea said it expects the amount of containerised cargo handled at seaports continuing to increase in line with the global vaccination programme along with global economic stimulus measures.

Link: https://www.seatrade-maritime.com/ports-logistics/south-korea-container-port-volumes-grow-13-q1

MMC TO THE MOON

Posted by bobochacha > 2021-04-30 13:21 | Report Abuse

im noticing there are upward movement in some other port counters. MMC will follow soon. as the saying goes, when the tide come, it will lift all the ship, big ship small ship

Posted by probability > 2021-04-30 13:30 | Report Abuse

Penang Port receives its first transhipment

Friday, 30 Apr 2021

https://www.thestar.com.my/news/nation/2021/04/30/penang-port-receives-its-first-transhipment?utm_source=Smartech&utm_medium=email&utm_campaign=dailynewsalert&utm_content=20210430&__sta=vhg.hhksexjsjnibsjskmsj%7CFJVV&__stm_medium=email&__stm_source=smartech

it means transhipment demand is overflowing from PSA to PTP and even up to Penang...

Posted by probability > 2021-04-30 16:24 | Report Abuse

all GLC selldown today looks like

Posted by keown83 > 2021-04-30 17:14 | Report Abuse

people flocking steel & hc counters..mmccorp is a recovery sector..a slow & steady comeback..suitable for position trade or for invest

Posted by BeginnerLearner > 2021-05-02 17:11 | Report Abuse

https://www.supplychainbrain.com/articles/33002-shipping-containers-are-falling-overboard-at-a-rapid-rate

Posted by tatwaiwong > 2021-05-02 23:17 | Report Abuse

https://www.youtube.com/watch?v=ZTO56rak9Yg

Posted by petnch2020 > 2021-05-03 09:15 | Report Abuse

Most people will be waiting for a clearer guidance from the government in relation to the potential MCO 3.0. Even though it is highly likely that another MCO will be announce, people need to remember that in MCO 2.0 the government actually provide leeway to businesses to continue operating at almost normal capacity. Expect similar guidance to be given in MCO 3.0.

Industries that are negatively affected are those that are mainly in the retail and travel sectors like F&B, airlines related, automotive etc. For most other companies like MMC which is categorize as essential business, operations are not affected that much. Even in the 1st MCO the company still managed to deliver profit growth in 1Q20. MCO 2.0 also did not affect the company with the good result expected to be deliver in 1Q21.

Posted by shortinvestor77 > 2021-05-03 09:24 | Report Abuse

Good.

Posted by emsvsi > 2021-05-03 10:49 | Report Abuse

BREAKING

Throughput in port of Rotterdam increases by 3.0% in first quarter of 2021
30/04/2021

The volume of freight handled in the port of Rotterdam in the first quarter of this year totalled 115.8 million tonnes. This constitutes a 3.0% increase over the same period last year. As such, the port of Rotterdam has set a new step in its recovery from the decrease in throughput in 2020 as a consequence of the COVID-19 pandemic.

The most pronounced increase could be observed in the volumes of biomass (+36.7%), coal (+25.2%) and mineral oil products (+19.7%) put through Rotterdam. The port’s terminals also handled a substantially higher number of containers (+4.5%). Volumes declined in the segments LNG (-26.8%), agribulk (-8.6%) and other liquid bulk (-2.8%).

Full article: https://www.hellenicshippingnews.com/throughput-in-port-of-rotterdam-increases-by-3-0-in-first-quarter-of-2021/

Posted by emsvsi > 2021-05-03 11:21 | Report Abuse

Container Rates Alert: Shippers on the ropes as long-term contract market rates hit highs and Ever Given chaos continues
30/04/2021

Double hit

“Meanwhile, in Europe, the Suez Canal incident has created a backlog that has seen ports overwhelmed with cargo, while sailing schedules have suffered a ‘domino effect’ disruption. Here we can expect to see implications stretching well into May, and even June. Furthermore, shippers with cargoes on the affected ships have had initial delays to goods exacerbated by carriers dumping containers wherever they can in a rush to load available empty containers and get back on track. This means a rash of consignments are stranded in the wrong locations with no plans to rescue them. Seen as a whole the situation leaves carriers in a position of supreme strength, essentially able to pick and choose assignments and customers, and does not bode well for shippers desperate for much-needed rates relief.”

Full article: https://www.hellenicshippingnews.com/container-rates-alert-shippers-on-the-ropes-as-long-term-contract-market-rates-hit-highs-and-ever-given-chaos-continues/

Posted by emsvsi > 2021-05-03 13:13 | Report Abuse

BREAKING NEWS

Malaysia’s PMI up at 53.9 in April, strongest expansion since July 2012 — IHS Markit
Syafiqah Salim / theedgemarkets.com
May 03, 2021 10:17 am +08


KUALA LUMPUR (May 3): Malaysia's Purchasing Managers' Index (PMI) rose to 53.9 in April, from 49.9 in March, the strongest expansion recorded since the survey began in July 2012, according to IHS Markit.

In a statement today, it said the rise in the composite single-figure indicator of manufacturing performance indicated a solid improvement in the health of the manufacturing sector.

“April data suggested that output grew for the first time in nine months. The pace of growth was the strongest recorded since June 2020. Firms commonly attributed the renewed growth to improved market demand leading to increased orders.

“New order volumes also returned to expansion territory in April, the first rise since September 2018. The pace of the increase was solid, and the quickest in exactly seven years, as manufacturers noted stronger client confidence, notably for new products. Furthermore, new export sales increased for the first time since November 2019, as demand in key markets across Asia and the US recovered,” it said.

At the same time, IHS Markit said, there was a renewed fall in employment at Malaysian manufacturing firms in April.

Full article: https://www.theedgemarkets.com/article/malaysias-pmi-539-april-strongest-expansion-july-2012-%E2%80%94-ihs-markit

Comments: Purchasing Managers Index (PMI) tracks manufacturing performance (reading above 50 signals expansion) i.e. more goods are being produced > more containers and import & export of raw materials etc. And around 80% of the volume of global trade is carried by sea / maritime shipping. Shipping remains by far the most efficient form of transport of goods, which means higher volume and throughput for MMC's ports

Posted by Superb99 > 2021-05-03 16:09 | Report Abuse

never ending dumping, how the price can go up? so many good news, good fundamental but price is so flat till now

Posted by tatwaiwong > 2021-05-03 16:36 | Report Abuse

Mr Superb99
So Must drop the share lol.I support u.....Yeah Yeah Yeah!!!!!!!!!!

Posted by emsvsi > 2021-05-03 16:55 | Report Abuse

MMC provides a safe harbour for investors, sheltering them from the volatility and uncertainty of the markets, just as ports are a place of refuge to ocean-going ships and other maritime vessels

MMC TO THE MOON

Posted by Superb99 > 2021-05-03 17:10 | Report Abuse

wont drop at the moment as quarterly result is coming soon...will monitor first

Posted by harold8990 > 2021-05-03 21:43 | Report Abuse

no worries the price keeps building support since it dropped to rm1..undervalued company

Posted by Ravindran Raja Rathanam > 2021-05-03 22:59 | Report Abuse

May i know what might happened to this share after they listed their port? Will this share only depend on its engineering segment? I believe it will benefit the company but not us as the shareholders of this stock. Need advice

Posted by emsvsi > 2021-05-03 23:15 | Report Abuse

In a sea of red, MMC goes against the tide, and closes green

Like a beacon in the darkness of night, it guides those that are lost

Safe harbour

Safe haven

MMC TO THE MOON

Posted by petnch2020 > 2021-05-04 07:58 | Report Abuse

Ravindran,

MMC is expected to still hold a controlling stake in the port business. The touted IPO plan to raised around RM4bil actually will come from MMC selling minority stakes during the IPO. My assumption is they will sell at most 40% interest in the port business. This would value MMC current holdings in the port business at RM10bil (or RM 3.28 per share) vs the current market cap of only RM3.5bil.

DBS Bank (Singapore based) in their 11 Mar analyst report was more aggressive in their assumptions. They assume that the RM 4bil to be raised during the IPO will be from selling 30% stake which give the port business a higher value of RM13.3bil or RM4.38 per share. They even provided a scenario analysis of the port business valuation based on EV/EBITDA multiples running from 10x to 14x. Based on this analysis the port value ranges from RM13.5bil to RM20.3 bil (or RM4.40 to RM6.67 per share).

This is why the port IPO would be the biggest catalyst for MMC as it will provide market with a more higher valuation of the port business which itself would potentially provide a rerating catalyst for MMC shares.

At the moment MMC is only trading at a 12 month trailing PE of 9x and forward PE of less than 6x. Compared to Westport (its closest competitors) which is trading at a PE of more than 20x. Even the smallest port operator in Bursa, Suria Capital is currently trading at a forward PE of more than 10x.

Posted by Invest_888 > 2021-05-04 09:05 | Report Abuse

Too many good prospects for this MMC. The only action is flying high now.

Posted by Superb99 > 2021-05-04 09:39 | Report Abuse

really hope it can fly higher....1.16...super undervalued...

Posted by emsvsi > 2021-05-04 09:43 | Report Abuse

WATCH: MSC Gulsun World’s Largest Container Ship Calls at Port of Tanjung Pelepas (27 July 2019)

https://www.youtube.com/watch?v=RlrnS8hYSQI


On 28 July 2019 MSC Gülsün set a new container loading record by departing from the Port of Tanjung Pelepas with 19,574 TEU of containers on board. The record has since been beaten by HMM Algeciras which carried 19,621 TEU from Yantian, China to Rotterdam


Note: The MSC Gulsun (delivered 4 July 2019) has a maximum theoretical TEU (twenty-foot equivalent units) of 23,756. The current largest container ships, the Algeciras-class has a maximum theoretical TEU of 23,964 (HMM Algeciras delivered 24 April 2020)

The Port of Tanjung Pelapas is able to handle the latest generation and largest container ships in the world

Posted by Pinky > 2021-05-04 09:50 | Report Abuse

@emsvsi stop spamming old news la aiyo

Posted by JoshuaMS7 > 2021-05-04 10:19 | Report Abuse

Be extra careful for cimb selling mama and push the price down since its son is going to expired soon!!

Posted by Pinky > 2021-05-04 10:19 | Report Abuse

Takut apa, if push down I buy more

Posted by Superb99 > 2021-05-04 10:24 | Report Abuse

from 1.17 to 1.14 again....erm...losing gas again...

Posted by BULLBULL_BULL > 2021-05-04 11:26 | Report Abuse

I agreed with you Pinky

Posted by SincereStock > 2021-05-04 11:36 | Report Abuse

mahu push down pun susah, support strong, retailers strong hold and buy more, too obvious already this counter is undervalue

Posted by SincereStock > 2021-05-04 11:37 | Report Abuse

no easy to find such low risk righ reward investment

Posted by curly2328 > 2021-05-04 11:56 | Report Abuse

now seems only shipping are busy

Posted by JoshuaMS7 > 2021-05-04 12:03 | Report Abuse

the son is undervalued why? should be 0.300 - 0.310 now if mama cross 1.15

Posted by JoshuaMS7 > 2021-05-04 12:04 | Report Abuse

how to calculate the warrant? can advise?

Posted by pingdan > 2021-05-04 12:06 | Report Abuse

Sien la u all everyday also post lol.. aiyo slow slow up better la.. can sustain long term up trend

Posted by coffeesheep > 2021-05-04 12:18 | Report Abuse

warrant calculator here https://www.malaysiawarrants.com.my/tools/warrantcalculator/219424

Posted by JoshuaMS7 > 2021-05-04 12:32 | Report Abuse

@coffeesheep many thks! Is 1.16 - 0.85 = 0.310 is current market value?

Posted by bobochacha > 2021-05-04 12:43 | Report Abuse

yes. correct 31c it should be. but bear in mind that warrant have the risk.. sometime it will lag behind and it is normal.

Posted by BeginnerLearner > 2021-05-04 12:44 | Report Abuse

@JoshuaMS7 looks like MMCCORP24 offers the most attractive/ optimal upside opportunity hence the volume is picking up. The rest looks overvalued based on on the conversion price.

Posted by Moratorium > 2021-05-04 13:02 | Report Abuse

Don't forget about the dividend coming in June...

Posted by JoshuaMS7 > 2021-05-04 13:33 | Report Abuse

@BeginnerLearner yes! Any price below 0.310 considered undervalued as i know!

Posted by JoshuaMS7 > 2021-05-04 13:36 | Report Abuse

This few weeks epf or big fund might be push up the price since the dividend is giving soon!!

Posted by bobochacha > 2021-05-04 13:45 | Report Abuse

yes , Given the conversion price, 1:1 ratio and the expiry end of July . might still have chance to catch the mmc port ipo announcement !

other call warrant have high conversion ratio, not value for it

Posted by JoshuaMS7 > 2021-05-04 15:04 | Report Abuse

what is ipo announcement??

Posted by JoshuaMS7 > 2021-05-04 15:06 | Report Abuse

it seems big fund fighting v cimb issuer?