MMC Corp Bhd will likely be able to sustain its growth momentum through 2021 after seeing a strong first-quarter performance, thanks to its robust ports and logistics division.
The conglomerate, which is actively bidding for new projects, will also likely see its order book expand, thus improving medium to long-term earnings visibility
BREAKING: Malaysia’s trade grew 43.2pc in April 2021 Friday, 28 May 2021 02:16 PM MYT
KUALA LUMPUR, May 28 — Malaysia’s trade performance remained strong in April 2021, growing by 43.2 per cent year-on-year (y-o-y) to RM190.76 billion — a new record high in terms of trade, exports and imports monthly value.
In a statement today, the Ministry of International Trade and Industry (Miti) said exports remained above RM100 billion for two consecutive months, surging by 63 per cent to RM105.62 billion during the month.
“This was the fastest growth since February 1998, marking the eighth consecutive month of y-o-y expansion since September 2020.
“Imports increased by 24.4 per cent to RM85.14 billion and trade surplus surged by 663.5 per cent to RM20.48 billion,” it said.
Miti said the expansion in exports was sustained by higher global demand, primarily for electrical and electronic (E&E) products (mainly semiconductors, in tandem with increasing digitalisation and 5G technology development), rubber products as well as petroleum products.
It said exports to all major markets — Asean, China, the United States (US), the European Union (EU) and Japan — registered positive growth.
On a month-on-month (m-o-m) basis, the ministry said trade, exports and imports grew by 2.7 per cent, 0.6 per cent and 5.4 per cent, respectively, while trade surplus decreased by 15.4 per cent.
Miti said in the first four months of 2021, trade grew by 21.4 per cent y-o-y to RM696.46 billion.
Exports increased by 27.8 per cent to RM387.81 billion and imports rose by 14.3 per cent to RM308.65 billion, while trade surplus surged by 137.5 per cent to RM79.16 billion.
In April 2021, Miti said all the products recorded positive growth, except liquefied natural gas (LNG) and transport equipment.
“Exports of manufactured goods, which accounted for 86.3 per cent of total exports, surged by 64.5 per cent y-o-y to RM91.1 billion — the fastest growth recorded in 22 years,” it said.
It noted that robust growth was recorded for all manufactured products, excluding transport equipment.
“The expansion was mainly due to strong demand for E&E products, rubber products, petroleum products, manufactures of metal as well as machinery, equipment and parts.
“Rubber products and petroleum products recorded the highest export value thus far,” it said.
Meanwhile, exports of agriculture goods (7.4 per cent share) surged by 66.9 per cent y-o-y to RM7.85 billion, mainly driven by higher exports of palm oil and palm oil-based agriculture products.
Miti said exports of mining goods (5.4 per cent share) rebounded by 24.5 per cent y-o-y to RM5.67 billion after registering negative growth since July 2019 — mainly attributed to higher exports of crude petroleum, petroleum condensates and other petroleum oil, as well as metalliferous ores and metal scrap.
Trade with Asean grew by 64.7 per cent y-o-y to RM49.85 billion in April 2021, contributing 26.1 per cent to Malaysia’s total trade.
“Exports to Asean expanded by 58.6 per cent to RM30.52 billion, maintaining a double-digit growth since February 2021.
The expansion was contributed by higher exports of E&E products, petroleum products as well as machinery, equipment and parts.
“Imports from Asean increased by 75.4 per cent to RM19.33 billion,” it added. — Bernama
Note: “Exports of manufactured goods, which accounted for 86.3 per cent of total exports, surged by 64.5 per cent y-o-y to RM91.1 billion — the fastest growth recorded in 22 years,” it said. Manufactured goods = Container volumes
anything is possible, very depends on overall market...thanks for someone that bought 1 lot of C23 to make it closed at 0.085...lol but just for fun only, not sustainable
i see facebook some many news,also feel same emco,have so big different... essential this more funny,all also have sikit connection de,u think long long time ago,u all can tell me have what lan jiao job sikit pun tak ada us essential connect... No use fmco,give people scare only....
yes, any purchase before 2nd June, entitles dividend
Financial Year 31-Dec-2020 Subject Final Dividend Type Dividend - Normal or Special Description Final dividend of 3.5 sen per ordinary share Amount RM 0.0350 Ex Date 02-Jun-2021 Entitlement Date 03-Jun-2021 Payment Date 25-Jun-2021
PTP currently has 14 container berths with an annual handling capacity of over 10.5m teu. The terminal is equipped with 58 super post panama cranes, 45 of which are provided by ZPMC.
7 additional cranes from ZPMC will increase Total annual TEU throughput by 12%
BREAKING: Allow import, export activities during lockdown — FMM May 29, 2021 21:03 pm +08
KUALA LUMPUR (May 29): The Federation of Malaysian Manufacturers (FMM) urged the government to allow activities in the import and export sectors — including ports, warehousing and transportation of goods — to continue during the total lockdown period.
Comments: Ports are essential. Whenever in doubt ask yourself, what is the number one human need - food. And what is the staple food of Malaysia - rice. And how is that attained - through imports, specifically, through shipping, which remains the most efficient means of transport for goods
More importantly, port operations require very little labour per unit of output, with many parts such as crane operations remotely handled or automated (see: YouTube videos of port operations or container loading/unloading etc)
工业需要在封闭空间以大量劳力制造产品。这是为什么感染群都和工业有关。去过的人都知道到处是container,很少看到人。port爆发感染的概率很低。基本面完全不受影响。没有人panic sell我们怎样捡便宜货?Hopefully next week will shake out all the short sighted holder, lets sapu at bargain price.
Allowed to open during total lockdown: defence, humanitarian aid, ports, airports, cargo, commodities, postal & courier services, community credit, Ar-Rahnu, financial services, insurance, hotel for frontliners and quarantine, forestry enforcement and wildlife, and limited logistic services.
In unprecedented times and black swan events (pandemic, war, embargoes etc) such as what we are currently facing, the true value of a necessity and basic Human Need (vs Wants) comes shining through
Just as ports are a safe harbour for ships and maritime vessels, MMC (2194) is the safest haven for all investors and a true defensive stock for an all-weather portfolios that will shield against the volatile stock market
bursa is like this, you never know what happen next, everyone trying to sell asap at the open market then try to use the money to catch bottom later, but not realising they are the one selling at the bottom
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Posted by Superb99 > 2021-05-28 12:58 | Report Abuse
The price is just not in line with the fact la, no point to talk about the % of export, operator won't k