Listing of the Port division does not require privatisation
But the Port division is worth a minimum RM 4 per MMC share (and even then it is only at an EV/EBITDA multiple of 10 - see: Chinese purchase of Port M&A's - and those ports are no where near as strategic as MMC's ports along the most important maritime route in the world - Asia-Europe)
Possible news: 1) SIgned MRT 3 contact 2) Signed MAHB contact on aerotrain (400mil) or baggage handling system (1bil) - source the edge weekly 3) Port business listing 4) New port build at Yan, Kedah
This is what possible reason for suspension... IMO
@emsvsi is that means major shareholders want to privatize before listing is to keep the most of the profits for only themselves, rather than sharing equally with us the minor shareholders? please correct me if I misinterpret
pingdan Possible news: 1) SIgned MRT 3 contact 2) Signed MAHB contact on aerotrain (400mil) or baggage handling system (1bil) - source the edge weekly 3) Port business listing 4) New port build at Yan, Kedah
This is what possible reason for suspension... IMO
The major shareholders can at any time flip the Port assets to the Chinese at an EV/EBITDA of 20, and this is no exaggeration since the Straits of Malacca and Singapore and South China Sea is a strategic and major chokepoint for global maritime trade
And so intrinsic value of RM 6 (at least) and now trading at only RM1.30, where the market fails to appreciate its value...
What would you do if you were in the major shareholders' position? ha ha ha
even if really serba case (touch wood) also not as worse as serba, as mmc already traded deep below it's nta, so market capitalization won't be cut into half like serba. that's why we should always invest in NTA discount stock imo
Usually they will only explain further in announcement after suspension. But based on morning chart, high possibility is collected by insiders which indicates a breaking good news.
It is going to be a very development. I just checked CIMB CGS report i received again. From entire month of May, MMC was top 5 buying by foreign funds.
Serba potong my legs. No bankrupt yet. If this, I dump too much cash on MMC. Aiyoyo. Pening-pening now. What I earn in a year may just habis bakar. WAO...
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emsvsi
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Posted by emsvsi > 2021-06-03 14:37 | Report Abuse
Listing of the Port division does not require privatisation
But the Port division is worth a minimum RM 4 per MMC share (and even then it is only at an EV/EBITDA multiple of 10 - see: Chinese purchase of Port M&A's - and those ports are no where near as strategic as MMC's ports along the most important maritime route in the world - Asia-Europe)