Posted by Superb99 > 2021-05-10 09:06 | Report Abuse

immediately gap down to 1.14 once opened, apa hal sekarang

Posted by SincereStock > 2021-05-10 09:45 | Report Abuse

@superb99 no selling pressure suda just after opened, apa hal sekarang

Posted by SincereStock > 2021-05-10 09:46 | Report Abuse

1.17!!! apa hal sekarang???

Posted by SincereStock > 2021-05-10 09:49 | Report Abuse

any good news from AGM?

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

buy buy buy!! once covid lifted confirm 1.30!!

Posted by Superb99 > 2021-05-10 10:12 | Report Abuse

once covid/MCO lifted?....lol...if covid-19, not so soon...need to close above 1.18, every time hit then gg

Posted by turtleking > 2021-05-10 10:26 | Report Abuse

Buy buy buy

Posted by SincereStock > 2021-05-10 10:38 | Report Abuse

@joshuaMS7 1.30? x payah covid lifted la, anytime soon haha, itu saja target kamu ka?

Posted by aliyusof > 2021-05-10 10:39 | Report Abuse

Pindan, can enlighten me what is this 984m JV revenue? Thanks

Posted by Bullbursa > 2021-05-10 11:50 | Report Abuse

KYY also promoting MMC?

http://koonyewyin.com/2021/05/02/why-do-i-post-articles-so-often/

Posted by Pinky > 2021-05-10 11:54 | Report Abuse

@Bullbursa mana ada? No see him write about MMC also

Posted by ITCHYLEG > 2021-05-10 12:04 | Report Abuse

LUCKY he didnt promote

Posted by bobochacha > 2021-05-10 12:54 | Report Abuse

i think there was. refer to this article.

https://klse.i3investor.com/blogs/jennylohsharing/2021-03-09-story-h1542094304-MMCCORP_KYY.jsp

but it was not under koon yew yin pen name, the author name was jennyloh but relate to kyy.

and then come the second article

http://koonyewyin.com/2021/05/02/why-do-i-post-articles-so-often/

so maybe jennyloh is a proxy to kyy.

LOL

Posted by emsvsi > 2021-05-10 13:12 | Report Abuse

BREAKING

Port of New York sets new monthly record for container volume in March
07/05/2021

The Port of New York and New Jersey posted its highest-ever monthly container volume in March as imports surged while also drawing cargoes away from congested US West Coast ports, the Port Authority said May 5.

Total throughput was 789,776 twenty-foot equivalent units in March, beating the previous monthly record from October 2020 by 34,339 TEUs.

The March total was a 40.8% increase from the same month last year when the coronavirus outbreak largely brought global trade to a halt, underlining the staggering reversal in demand for space on containerships over the past year.

It was also worrying sign that US East Coast ports could face the same port congestion issues that have diverted cargoes from the West Coast. The ports of Long Beach and Oakland, California, also set volume records for March as the Port of Los Angeles reached capacity for container imports from Asia, which have yet to show any sign of slowing.

Total import volumes at the Port of New York and New Jersey in March were 393,159 TEUs, a year-on-year increase of 44.8%. Loaded exports volumes fell by 7.4% over the same period, but exports of empty containers in March grew by 78% year on year.

“This reflects the need to reposition empty containers around the globe to provide the equipment necessary to support the strong cargo demand,” the Port Authority said.

Platts Container Rate 5 – North Asia to East Coast North America – was assessed at $5,700/FEU on May 5, an increase of 107% from the year-ago date.

https://www.hellenicshippingnews.com/port-of-new-york-sets-new-monthly-record-for-container-volume-in-march/

Posted by bobochacha > 2021-05-10 13:12 | Report Abuse

anyway , mmc do fit with KYY golden rules of investment which is 2 quarter of consecutive higher revenue and profit.

Posted by emsvsi > 2021-05-10 13:12 | Report Abuse

Note: The Port of Los Angeles is a 'primary' port while Port of Long Beach (just adjacent to it) is a secondary port, much like Northport (Port Klang) and Port of Tanjung Pelepas (Port of Singapore PSA). During congestion / bottlenecks, these liners/container ships will divert from primary ports to secondary ports. This can be seen in 4Q20 QoQ volumes - Westports volumes decreased vs 3Q20 whereas PTP saw volume increased in 4Q20 vs 3Q20 - proof that secondary ports will stand to benefit disproportionately

Primary ports such as PSA and Westports are already running at full utilisation - therefore congestions will actually decrease throughput - see Westport's **1Q21 results where volume actually dropped QoQ (Vol: container -4%; conventional -5%) - think of it this way - if a port can handle 10 ships a day and 70 a week, if all 70 ships arrive at the same time, the port can still only handle 10 a day - leading to idle time - and with freight rates at all time highs, the liners absolutely do not want to stand idle and want to move as fast as possible - leading to diversion to secondary ports). Note however that Westport's revenue increased (Revenue: container +4.9%; conventional +6.1%) increased QoQ - due to Value Added Service (i.e. higher rates / surcharges) - which will also bode well for secondary ports.

The secondary ports' increased throughput AND higher rates will lead to exponential performance to MMC's ports - e.g. see Supermax vs Hartalega

**Westports 1Q21 breakdown - Hong Leong IB (30 April 2021) https://klse.i3investor.com/blogs/hleresearch/2021-04-30-story-h1564317429-Westports_Holdings_VAS_to_Cushion_the_Supply_Chain_Disruption.jsp

Posted by bobochacha > 2021-05-10 13:21 | Report Abuse

yes because westports and singapore port are too congested and waiting time too long, therefore ships will choose ptp in johor and northport

Posted by Kingdom6868 > 2021-05-10 14:14 | Report Abuse

Wonder what's the highlights for the AGM just now?

Posted by DepecheM > 2021-05-10 14:15 | Report Abuse

KYY may not have taken position yet or at all.

Posted by Pinky > 2021-05-10 14:37 | Report Abuse

that jennyloh is a troll la

Posted by Superb99 > 2021-05-10 14:37 | Report Abuse

kyy again?...pump and dump master...kps, dominan....lol...very high selling q ahead

Posted by SharkFinSoup > 2021-05-10 14:39 | Report Abuse

any agm highlight info ?

Posted by Superb99 > 2021-05-10 15:16 | Report Abuse

1.15...too bad...price was blocked again

Posted by JoshuaMS7 > 2021-05-10 16:09 | Report Abuse

when is the qtr report out? This week or next week?

Posted by Mohd Yazid Mohd Ali > 2021-05-10 16:28 | Report Abuse

Maybe on friday 2nd.hari raya ?

Posted by bobochacha > 2021-05-10 17:01 | Report Abuse

if nice , they will out early . strategy adopted by the glove company.

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

bobochacha: remember last quarter? they out on last day (26 Feb 2021 - Friday).. so no necessary bad if they come out late

Posted by aliyusof > 2021-05-10 19:24 | Report Abuse

Pingdan...thank u.

Posted by DepecheM > 2021-05-11 06:03 | Report Abuse

Will wait for this sleeping giant to wake up...100 to 250% gains is worth waiting.

Posted by JoshuaMS7 > 2021-05-11 06:17 | Report Abuse

Yaya eauting for qtr report out soon!!

Posted by emsvsi > 2021-05-11 10:17 | Report Abuse

BREAKING

ICTSI 1Q2021 net income up 51% driven by strong performance of international portfolio
By: AJOT | May 06 2021

Enrique K. Razon Jr., ICTSI chairman and president, said: “ICTSI has delivered strong operating performance in the first quarter of 2021, with volume, revenue and earnings rising across our three regions: Asia, the Americas, and Europe, Middle East, and Africa (EMEA). We have seen improvements in most of our terminals as economies continue to recover from the pandemic as well as significant contributions from new shipping lines and services.

--

International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the quarter ended March 31, 2021, posting revenue from port operations of US$435.6 million, an increase of 16 percent over the US$375.8 million reported for the same period last year; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$264.8 million, 25 percent higher than the US$212.2 million generated in the first quarter of 2020; and net income attributable to equity holders of US$90.1 million, 51 percent more than the US$59.6 million earned in the same period last year primarily due to higher operating income; and significant reduction in equity in net loss of joint ventures; partially tapered by an increase in interest expense on loans, and higher interest on concession rights payable and lease liability from the new terminals.

https://ajot.com/news/ictsi-1q2021-net-income-up-51-driven-by-strong-performance-of-international-portfolio


Note: International Container Terminal Services, Inc. (ICTSI) (PSE: ICT) is a global port management company headquartered in Manila, Philippines. The company is ranked the eighth largest container terminal operator, according to TEU equity volume [2019].

ICTSI reported results ono 6 May 2021 after market close.

On 6 May 2021, ICTSI share price:
Close: PHP 128.50

Today 11 May 2021, ICTSI share price:
Current: PHP 141.20 +5.80 (+4.28%)

*Total increase since 6 May: 9.88%

ICTSI share price: https://www.investing.com/equities/intl-container-chart

Posted by probability > 2021-05-11 10:48 | Report Abuse

MMC one of few stocks which wont be affected by MCO or local covid cases as its port business is mainly transhipment

This is defensive stock

Posted by JoshuaMS7 > 2021-05-11 14:58 | Report Abuse

yaya run first before crash!!

Posted by Healthy > 2021-05-11 21:53 | Report Abuse

anybody attend AGM yesterday......any news from management about port listing????

Posted by BULLBULL_BULL > 2021-05-12 09:48 | Report Abuse

JoshuaMS7 yaya run first before crash!!

StOpid !!!

Posted by Superb99 > 2021-05-12 10:21 | Report Abuse

dun know when this sleeping dragon can really wake up and fly

Posted by florenceyong > 2021-05-12 11:06 | Report Abuse

Buy now ., TP 1.70

Posted by bobochacha > 2021-05-12 12:24 | Report Abuse

port share today green green.

Posted by coffeesheep > 2021-05-12 12:52 | Report Abuse

same tactic, someone press down the price before good QR come out

Posted by probability > 2021-05-12 23:12 | Report Abuse

means we can at the least expect about 500m in Q1 from Engineering

for Port & logistics its 'confirmed' revenue is more than 900m


Posted by pingdan > May 10, 2021 10:31 AM | Report Abuse

984mil JV revenue to be recognised by 1 May 2021...

Posted by BeginnerLearner > 2021-05-13 09:36 | Report Abuse

Would anyone knows what's the implications of the few acquisitions to last quarter's P&L? Would this result in lower earning?

Posted by probability > 2021-05-13 11:32 | Report Abuse

recent acquisition wont have effect on P&L, but the below took place in Q1 and the senai deals might


https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3125403

Posted by SandCoffee > 2021-05-13 12:56 | Report Abuse

@ BeginnerLearner - Nope, the acquisition does not lowering the Profit of the Company. In fact, these acquisition is capture in the Balance Sheet. The accounting entry as follows:

Debit - PPE / IP (Asset)
Credit - Bank / Loan

Posted by BeginnerLearner > 2021-05-13 14:47 | Report Abuse

Thanks @probability and SandCoffee

Posted by Solomon7 > 2021-05-13 16:17 | Report Abuse

Worth a look

Posted by tatwaiwong > 2021-05-13 17:17 | Report Abuse

马矿业（MMCCORP，2194）第45届年度股东大会（AGM）～线上会议
乐投资 LeInves 【股东大会资讯站】

Posted by information > 2021-05-14 16:18 | Report Abuse

Congestion surcharges add to rising Asia-Europe rates

MAERSK, the world's biggest container shipping line, announced a Suez blockage incident surcharge of US$12 to $30 per container applicable from May 4 until June 30, reports IHS Media

https://www.seanews.com.tr/congestion-surcharges-add-to-rising-asia-europe-rates/189756/

'The Suez ripple effect into the European ports is now manifesting itself as congestion surcharges,' Vespucci Maritime consultancy CEO Lars Jensen.

Meanwhile, Maersk commented on the high frequency of arrivals after the Suez blockage eased.


'Due to the high frequency of arrivals after the Suez blockage eased, we see increased pressure on port terminals and depots and subsequent waiting time across all transport modes,' the Maersk advisory noted.

Posted by emsvsi > 2021-05-14 17:12 | Report Abuse

BREAKING

STRONGEST APRIL ON RECORD AT PORT OF LONG BEACH
13/05/2021

DEMAND DRIVEN BY ONLINE SPENDING, RETAILERS RESTOCKING SHELVES

An ongoing cargo boom largely driven by online purchases lifted the Port of Long Beach to its strongest April on record.

Dockworkers and terminal operators moved 746,188 twenty-foot equivalent units in April, a 43.6% increase from the same month last year. It was the first time the nation’s second-busiest seaport handled more than 700,000 TEUs in the month of April, surpassing the previous record set in April 2019 by 118,066 TEUs.

Imports grew 44.8% to 367,151 TEUs, while exports climbed 21% to 124,069 TEUs. Empty containers moved through the Port were up 55.8% to 254,970 TEUs. The Port has moved 3,122,315 TEUs during the first four months of 2021, a 41.8% increase from the same period in 2020.
--
April marked the 10th consecutive month that the Port of Long Beach has broken cargo movement records for a particular month amid a historic cargo surge that started in July 2020.

Full link: https://www.hellenicshippingnews.com/strongest-april-on-record-at-port-of-long-beach/


Note: Port of Long Beach is a secondary port to the Port of Los Angeles, like Port of Tanjung Pelepas is to PSA (Port of Singapore) and Northport is to Westport. As referred earlier and mentioned in Ambank's research report, due to the bottlenecks/congestion, secondary ports which have excess capacity will benefit exponentially as they ramp up utilisation rates compared to primary ports which are already running at or near maximum capacity


MMC TO THE MOON

Posted by information > 2021-05-15 11:49 | Report Abuse

Growing Port Klang for years to come

https://www.thestar.com.my/business/business-news/2021/05/15/growing-port-klang-for-years-to-come


An important contributor to our cargo volume is e-commerce. Last time, people buy only small items, but now they buy full furniture sets. We are looking at creating some form of green or fast lane for e-commerce products for our ports. We are in discussion with some IT companies to set up a system to expedite the movement of such goods, and to get the cooperation from Customs as currently, our sea ports don’t enjoy e-commerce tax free privileges (unlike some airports), ” he said.

With the system in place, a freight forwarder or consignee can easily declare their consignment, thus making PKFZ as a hub for product fulfillment.

“This will encourage more companies to come in and make Port Klang a regional distribution hub for South-East Asia, and fully unlock the potential of PKFZ. For example, Ikea has pkfz. Ikea built a warehouse at Port Klang, and we envision that if we are more friendly to e-commerce, more players will come in.

“When things are in place in PKFZ, we can then invite all the e-commerce giants to set up

warehouses here for easier distribution of their products. Compared to Singapore, we are still reasonable in cost, and we just need to beef up efficiencies for e-commerce and things like having smart ports.

Port Klang already enjoys a geographical advantage when it comes to the Far East to Europe trade route, being the first port of call for ships on the eastbound leg, and the last port of call on the westbound leg.

“The board should set policy to bring Port Klang to the next level, and to learn from Shanghai and Singapore. We have to create more alliances with shipping lines. With PKFZ fully rented out, the Transport Minister said we should explore new land for another PKFZ kind of model to cater to future demand, ” said Chong, who added that equipment wise, Port Klang is toe-to-toe with other major ports.


“Recently, we received largest LNG vessel in the world from France, which too seven to eight cranes to serve, during its maiden call to Port Klang. We can take the largest container ships in the world, with the 18m (harbour) depth good enough for the largest ships, ” said Chong.

In the recent 2020 report card for PKA, he added that Malaysia is expected to carry on its journey towards economic recovery this year.

“This unprecedented pandemic situation is being controlled by government SOPs, coupled with the launch of Covid-19 vaccination. Together with continued export movements and increased momentum in consumption and investment, Port Klang is expected to handle 13.5 million TEUs this year, or see a potential increase of 2.3% in container handling.

“Strong demand from factories in China after resumed operations caused the volume of container handling to soar again. We are confident we can bounce back, and we are just one to two million TEUs away to reach the 11th position on the container port ladder.”

Posted by information > 2021-05-15 11:53 | Report Abuse

All about the largest port in Malaysia

https://www.thestar.com.my/business/business-news/2021/05/15/all-about-the-largest-port-in-malaysia

According to PKA chairman, Datuk Chong Sin Woon, PKA has a good land bank around the area, making Port Klang well placed to grow over the next 20 to 30 years.

“We have the capacity, and we want the efficiency to catch up. Over the long term, we want to be more than just a container port, as we wish to be multipurpose by having a slice of the servicing, bunkering, maintenance, and shipyard businesses, ” said Chong, who added that the grand vision is to turn Pulau Carey and surroundings into a port city.

“If we have a idea on how to turn the place into a harbour city, we will have a catalyst to change Klang as a whole by transforming it into a modern, clean, harbour city. PKA has about 40ha (100 acres) of land there, part of it currently under the North Port concession.

"I’ve spoken to North Port on the matter. In five to ten years, there should be a good plan for Port Klang that will benefit Selangor, and possibly elevate Klang into the league of beautiful port cities such as Sydney, Melbourne, Qingdao, and Shanghai.”