Many who have read the news will rush in from 9am to try and get tickets... that should be the normal reaction.... so possibility of LU is very high... could even LU in 10 mins.... let's see.
Many other good cap stocks undervalued. Time for the old timers to play their game... Ts Azman taking Amproperties private, Vincent tan with his sneaky move with Berjaya leadership changes, syed.mokhtar.....Ananda is a little stuck with maxis for 5G and armada still recovering.. One stock I found interesting is tunepro, Tony is not in the game but it has high Recovery & cash potential, trading 50% below NTA and is low cap.. Interesting times...
for those who looking for another undervalue port stock to invest in after this, you may try to check SURIA, a company that own Sabah's main Port at Kota Kinabalu.
after MMC is gone, SURIA is the only port listed company left that is traded below half of it's NTA (RM3.22), current price is still yet to up, sitting at the level of RM1.00 to RM1.04. Please tell me if there is another port company other than SURIA that is also traded at deep below NTA, which I might have missed.
while SURIA's TEU is not at the level of MMC's, SURIA is better than MMC in term of being debt free, it's total liabilities is very low, very insignificant financial cost is taken away from it's profit every QR.
SURIA is owned 51% by Sabah GOV. While is still good chance of privatization. The chance of it faces serba alike issue which is caused by fraud of an individual major shareholder is very unlikely.
SURIA is underperforming for the past year. Although it is allowed to operated during lockdown / mco. It is still indirectly affected by MCO due to lower local demand for it's services (refer to it's QR explanation). It's EPS is expected to return to it's previous level as herd immunity can be archived soon to end covid and consistent global growth in port business.
hopefully port lovers and value investors here will also appreciate SURIA, just like MMC
But be very careful as U-turn story is quite common in this covid-19 environment. Get your big profit while you still have the chance. Look at FGV and Boustead then you know the risks.
U turn or not U turn, the first limit up RM1.69 today is definitely not the price to exit. For those who want safe profit, exit only when it is close to RM2. Why pay RM0.31 (15%) of premium? risk is not that high, especially when this is just announced. Wait for the next trading day
@CHLEONG888 just my own thought, retailers I don't think will buy above RM2.00 for sure. Cooperator / individual that have fund might try to secure significant % of the company share to bargain with MMC for better privatization price. Or MMC boss himself trying to offer slight above or exactly RM2.00 to those who are willing to take his offer early, so that he would have more % before the voting EGM to pass the 10% rejection requirement.
But these situation are still very unlikely imo, most probably will trade below RM2, premium for those willing to take risk and early exit for the rest.
Hello sellers in sell queue. Withdraw yr sell orders. You can easily sell this at 1.85 - 1.90 tomolo. Institutions will buy at that level n wait it out to get 5 - 8% sure profit which is better than fd.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Miz Raya Bloom
6,888 posts
Posted by Miz Raya Bloom > 2021-06-03 21:28 | Report Abuse
xbeli jangan risau
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