Posted by keown83 > 2021-06-06 01:24 | Report Abuse

fair or not unfortuntely its not for us to decide..we are in a mercy of other major stakeholder..if they accepted it, who are we to bising2? i'll just wait until the next egm..whatever price concluded, that will be the guideline for me to setup my exit plan on this counter

Posted by keown83 > 2021-06-06 01:27 | Report Abuse

looking at the current offer, i will still gain at least around 60% which is not bad at all, further than that will be a bonus for me

Posted by JConnor > 2021-06-06 06:52 | Report Abuse

Many investors who bought this were hoping that the stock price would hit at least around RM3 or more in the future. With its increasing profits, Malaysia's economic recovery and rumoured port listings by the end of the year, this would eventually be a reality.

The offer by SM comes at a time when the stock was already beginning to move up. It has already gone up about 50% in the past 6 months. Previously, for those who have been around for sometime, there were blockers pushing the price of this stock down. Could this be a reason to keep the price of this stock artificially low for a takeover?

If what emsvsi says about the value of port listing which alone values MMC around RM4 is true, then a RM2 offer is way too low. MMC should be valued more than RM5 if this happens.

At RM2, it definitely is just a quick profit, but we would be selling it at a price much cheaper than its worth.

Just my thoughts...

Posted by flippiwippi > 2021-06-06 07:17 | Report Abuse

RM3.12 - RM5.00 per share

Posted by Petronas > 2021-06-06 08:21 | Report Abuse

Buy?

Posted by williamtkb > 2021-06-06 09:03 | Report Abuse

Do you think he really wants to privatize the company? Above the offer price, may plan to sell for profit first

Posted by Johnzhang > 2021-06-06 10:07 | Report Abuse

Many in this forum think the takeover offer price of $2 is unfair compared to the real value of its assets. We must also remember that many of us were hesitant to hold, buy or add more to our portfolio when MMC was trading at ridiculously low $0.70 to $1.20 in the past 2 years despite knowing that it is seriously undervalued.
A lesson to learn from here ?
There are still many seriously undervalued stock like MMC out there .

Posted by Karlos > 2021-06-06 10:15 | Report Abuse

This offer of RM 2 per share will depend on minority shareholders to reject or accept it. If the minority shareholders reject the offer, the Offeror has the option to raise the price to make the offer more attractive or abandon the offer altogether. If the Offeror really want to privatize MMC as the Offeror believe that it can create or get more value than the price offered, the Offerer will likely raise the offer price. The minority shareholders have to make the right guess on what will be the likely scenarios moving forward.

Posted by i3lurker > 2021-06-06 10:18 | Report Abuse

that is the Billion RM question
once some parties sold off at high price

then its totally different ball game
if fail he is NOT obliged to increase the offer price

exercise fails and price reverts to 90 sen.

You need to make your OWN decisions at what price you want to sell before 9am tuesday

NO decision is actually a decision by itself.
You decide not to decide.


Posted by williamtkb > Jun 6, 2021 9:03 AM | Report Abuse

Do you think he really wants to privatize the company? Above the offer price, may plan to sell for profit first

Posted by ykyew11 > 2021-06-06 10:24 | Report Abuse

Dude 90 sens is a steal. I would be more than happy to pump in more money if it ever falls to that price. The very fact that he is willing to offer RM2.00 from the get go shows that it is extremely undervalued.

Posted by i3lurker > 2021-06-06 11:03 | Report Abuse

so you bought when it was 45 sen in 2020?

Posted by ykyew11 > 2021-06-06 11:06 | Report Abuse

I averaged out about 73 sens

Posted by i3lurker > 2021-06-06 11:12 | Report Abuse

online buying and ports show profits
he wanna take away those profits from silly Bilis, people tell him even if covid solved online buying will continue.

now is the best time to take money away from silly bilis (cheat bilis)

once covid-19 solved, should ports drop, he might change his mine and throw back shares to you. May happen

Posted by Sslee > 2021-06-06 11:23 | Report Abuse

Human are very funny. When controlling shreholder did nothing to unlock the value you complaint value trap.

When controlling shareholders do something to unlock the value, you say unfair offer of RM 2.00 when 52 week range is 0.66-1.69

Posted by i3lurker > 2021-06-06 11:31 |

Post removed.Why?

Posted by Sslee > 2021-06-06 11:36 | Report Abuse

Haha i3lurker we both have the same problem.

Posted by Sslee > 2021-06-06 11:37 | Report Abuse

The sweet memmory when we are young.

Posted by emsvsi > 2021-06-06 13:01 | Report Abuse

When FGV's privatisation failed (via general offer) share price went above offer price

In my opinion, MMC's price will not fall back to previous levels due to
1. Profit growth - MMC's business are in a multi-year growth phase due to economic expansion
2. upcoming MRT3 project
3. increasing dividends
4. the market awareness (retail, institutional, GLC funds) now of the deep value- it's Ports alone is worth many times the market cap of MMC, while other assets like the land values in Senai will only keep growing

Posted by i3lurker > 2021-06-06 13:05 | Report Abuse

then you should vote against the Offer

Posted by emsvsi > Jun 6, 2021 1:01 PM | Report Abuse

When FGV's privatisation failed (via general offer) share price went above offer price

In my opinion, MMC's price will not fall back to previous levels due to
1. Profit growth - MMC's business are in a multi-year growth phase due to economic expansion
2. upcoming MRT3 project
3. increasing dividends
4. the market awareness (retail, institutional, GLC funds) now of the deep value- it's Ports alone is worth many times the market cap of MMC, while other assets like the land values in Senai will only keep growing

Posted by Investor48 > 2021-06-06 13:23 | Report Abuse

@emsvsi
Good analysis..
Tuesday I sell half..take back capital..
Hold half..greedy mah..

Hehe...

Posted by Power Gain > 2021-06-06 17:37 | Report Abuse

Fair value= above 2.70

Posted by goldenamour > 2021-06-06 17:38 | Report Abuse

Anyone knows if parent company privatized, what will happen to its subsidiary, say Malakoff?

Posted by i3lurker > 2021-06-06 18:02 | Report Abuse

the listing status/listing approval from BURSA belongs to the company listed so Malakoff will remain listed

Posted by abc333 > 2021-06-06 18:40 | Report Abuse

一早就买的人，星期二最多卖一半，或者不卖，剩下的都是免费的票。星期二买的散户都是投反对票的， 他们也是没有2.5不卖的。我们也是。然后。就是最少2.2以上了。想要骗人便宜卖？哈哈。1.1以下时候叫你们买。不要买。现在嗯。还有BJL可能private还有DRB可能list Proton。去研究一下。好过在这里骗人便宜卖给你。MMC没有2以上。不卖

Posted by ykyew11 > 2021-06-06 21:07 | Report Abuse

Can someone here explain how the bonus issue for the SCR is going to affect the shareholders? I don't quite understand it since it is my first time experiencing SCR

Posted by RAYDALIO_MALAYSIA > 2021-06-06 21:34 | Report Abuse

What abc333 said , I strongly agreed, NO RM2 or above , I won’t sell any single share

Posted by RAYDALIO_MALAYSIA > 2021-06-06 21:35 | Report Abuse

Even 1 cent discount also won’t give since the offer price already very much undervalue

Posted by DLLKT > 2021-06-06 21:43 | Report Abuse

I agreed with Jconnor statement

Posted by PSAi3alert > 2021-06-06 22:16 | Report Abuse

ykyew11 , I have asked i3lurker the same question and he was very kind to come up with the calculation. Thanks again, i3lurker.

There will be a 20% bonus shares. But, as advised PLEASE WAIT UNTIL CIRCULAR IS OUT TO SHOW EXACT CALCULATION.



i3lurker "For the avoidance of doubt, STJSB will not be entitled to the bonus shares"

above phrase actually means you will be paid 2.40
coz if he does not pay you 2.40 then he took those bonus shares..AND YOU CAN SUE FOR HIS UNWASHED UNDERWEAR

since he confirms he will NOT take those bonus shares and you were misled by false promises

believers will buy up to 2.20
non-believers will sell off at 1.90

it will be very very interesting
05/06/2021 12:49 PM


Jun 5, 2021 1:07 AM

i3lurker

PLEASE WAIT UNTIL CIRCULAR IS OUT TO SHOW EXACT CALCULATION

I am quite sure some Guru will come out with some calculation

my back of envelope is quite simple

to be cancelled (shares 1468949712) X RM2.00 = RM2937899424

existing share cap = RM2344276000

shortfall = RM593623424

the shortfall convert to shares = 296811712

the shortfall shares to be given to 1468949712

ie 296811712 / 1468949712 = 20.21% extra

so every shareholder will be given 20.21% extra based on number of shares

there are a whole lot of assumptions here

ASSUMPTIONS CAM CHANGE CALCULATIONS
PLEASE WAIT UNTIL CIRCULAR IS OUT TO SHOW EXACT CALCULATION

Posted by PSAi3alert > Jun 5, 2021 12:37 AM | Report Abuse

i3lurker,

(As an aside, would you or Sslee be able to calculate the amount of bonus shares to be issued for MMC's SCR as reported at https://www.theedgemarkets.com/article/syed-mokhtar-take-mmc-private-s... ? That percentage of bonus shares will have an impact on the final offer price.)

Posted by PSAi3alert > 2021-06-06 22:33 | Report Abuse

It will be interesting to see the buy queue on Tuesday. If there's 120M shares (from last Friday at 1.69) parked at 2.0, likelihood it's EPF buying. And the chances of increased offer price will be higher. A 10% increase coupled with 20% bonus shares will bring the effective price to RM2.60. Few retailers will dare to take the risk on capturing the arbitrage pricing between 2.0 and 2.4 or 2.60.

Posted by emsvsi > 2021-06-06 22:55 | Report Abuse

The bonus issue has no effect and is merely an 'academic' exercise

Posted by i3lurker > 2021-06-06 22:58 | Report Abuse

agree
I am more inclined to believe that Syed will NOT pay you.

wait for the Circular to Shareholders

Posted by emsvsi > Jun 6, 2021 10:55 PM | Report Abuse

The bonus issue has no effect and is merely an 'academic' exercise

Posted by PSAi3alert > 2021-06-06 23:35 | Report Abuse

Ok, it will be information twilight zone until release of Circular to Shareholders.

Note to Tan Sri Syed Mokhtar, up price lah. Else my 100 shares will be part of the 146,894,972 shares that will vote against.

In addition, Sslee will write a letter to your mother-in-law which will be hand delivered by me.


i3lurker

sslee likes writing to BOD, SC, BURSA, MACC and also your mother in law

06/06/2021 5:14 PM
06/06/2021 11:33 PM

Posted by wanmohd86 > 2021-06-07 00:17 | Report Abuse

this is trap morning tuesday sell profit dont buy

Posted by Power Gain > 2021-06-07 02:04 | Report Abuse

Fair Value = 2.70

Posted by JTleong > 2021-06-07 05:11 | Report Abuse

http://www.theedgemarkets.com/article/fgv-share-price-shoots-after-privatisation-exercise-falls-through#.YL04JCPht-s.telegram



KUALA LUMPUR (March 16): Investors snapped up shares in FGV Holdings Bhd after its privatisation exercise failed due to low acceptance of the takeover offer made by its controlling shareholder the Federal Land Development Authority (Felda) at RM1.30 per share.

The stock closed 27 sen or 20.77% higher at a more than one year high of RM1.57, with 58.19 million shares changing hands, giving it a market capitalisation of RM5.73 billion.

Posted by Mayleow777 > 2021-06-07 07:43 | Report Abuse

Ya sell at immediately cause many of Syed share are not performing like POS, Zelan

Posted by DepecheM > 2021-06-07 11:17 | Report Abuse

RM2 is probably only a "test" offer price... they will expect rejection and may likely raise offer.price

Posted by dompeilee > 2021-06-07 11:24 | Report Abuse

Many who bought 2007-2018 still underwater @$2

Posted by trending > 2021-06-07 16:31 | Report Abuse

rm2 is baselining/anchoring. price will stay above that price. even if got revised offer or SCR falls through.

Posted by Seanyew > 2021-06-07 16:32 | Report Abuse

Hold it even tomorrow buyers at limit up price @ RM2.19 or so …… will reach RM2.60 soon

Posted by saferisk > 2021-06-07 16:48 | Report Abuse

Ideal to sell at RM2.60 ?

Posted by Mohd Yazid Mohd Ali > 2021-06-07 17:01 | Report Abuse

Tp 3.5

Posted by tatwaiwong > 2021-06-07 17:24 | Report Abuse

新闻快报：MAHB 行李处理系统合同的四匹马
TheEdge 2021 年 6 月 7 日星期一

消息人士告诉 The Edge，四个财团正在争夺一份为期三年的合同，以升级吉隆坡国际机场 (KLIA) 的行李处理系统 (BHS)。

据悉，运营吉隆坡国际机场的马来西亚机场控股有限公司（MAHB）已拨款高达 10 亿令吉，用于对马来西亚最大和最繁忙机场的 BHS 进行现代化改造。

消息人士称，至少有四家在大马交易所上市的公司——MMC Corp Bhd、Fajarbaru Builder Group Bhd、Bina Puri Holdings Bhd 和 T7 Global Bhd——以及六家跨国公司是该合同的联合竞标者。

一位消息人士表示：“这四家本地上市公司可能会与各自的跨国公司合作伙伴进行合资，这些合作伙伴可能会持有财团70%至80%的股份。”

“BHS 招标目前正在进行中，与招标细节和成本相关的信息是保密的。然而，由于该项目的规模和复杂性，我们预计它将跨越未来几年，”MAHB 在一封电子邮件回复中说。“我们还希望重申，投标人受保密协议的约束，与投标有关的所有信息都是私人和机密的。”

消息人士称，投标截止日期已从5月推迟到6月或7月。他补充说，如果在去年进行招标会更好，因为如果今年由于 Covid-19 大流行的旅行限制而升级 BHS，对吉隆坡国际机场运营的干扰就会减少。

可能热衷于参与 BHS 项目的六家跨国公司是德国的 Siemens AG 和 Beumer Group、日本的 Daifuku Co Ltd 和 Toyo Kanetsu KK、荷兰的 Vanderlande Industries BV 和新加坡的 Pteris Global Ltd。

Toyo Kanetsu 在吉隆坡国际机场建造了现有的 BHS，该 BHS 已经使用了二十多年。1998 年竣工时，它是世界上最大的机场行李处理系统之一。

消息人士称：“预计六家跨国公司中只有四家将进行正式投标，而这四个财团中只会选出一位获胜者。”

当 The Edge 与 MAHB 联系时，MAHB 确认已邀请全球领先的 BHS 原始设备制造商参与投标。然而，它表示参与者名单尚不清楚，因为提案尚未提交。

BHS 的现代化可能包括行李托运输送机、在线行李检查输送机、行李托盘系统、合并输送机、行李运输和分拣、行李传送带、行李存储和回收，以及软件解决方案。

“这将是吉隆坡国际机场历史上第一次对 BHS 进行大修，也可能是世界上第一个这样做的机场。通常，MAHB 只能进行部分升级工作，因为机场始终 24/7 全天候运行，”消息人士解释说。

每个公司都有自己的优势
另一位消息人士指出，每家本地公司在竞标中都有自己的优势和优势。

他说：“如果你仔细想想，MMC Corp 在柔佛州拥有并经营士乃国际机场。Bina Puri 是 KLIA2 的主要承包商之一，据说正在与一家知名的日本物料搬运设备公司合作。

“Fajarbaru 已将 Vanderlande Industries 作为其合作伙伴，而 T7 Global 正在与一家集团公司合作，该集团的机场物流部门在全球主要国际机场拥有良好的业绩记录。”

MMC Corp 是一家多元化集团，由大亨丹斯里赛莫克达 (Tan Sri Syed Mokhtar Albukhary) 控制；Fajarbaru 是一个基建集团，其主要股东包括丹斯里关炳正。

土木和建筑工程公司 Bina Puri 由集团董事总经理丹斯里 Tee Hock Seng 和他的儿子 Datuk Matthew Tee Kai Woon 经营，后者是董事会的执行董事。有趣的是，Syed Mokhtar 通过他的车辆 Jentera Jati Sdn Bhd 还拥有 Bina Puri 的少数股权。

T7 Global 由其执行副主席兼大股东丹斯里陈建顺控制。

MAHB 此前曾表示，BHS 的现代化将简化行李检查、运输、分拣和存储操作之间的无缝集成。

这些功能包括一个超高速电机，可以加快目前的平均行李旅行时间，并加快筛选和分拣速度。

新技术将改善行李处理流程，从而提高处理量，并减少行李提取的等待时间。2019 年，系统日均处理 58,000 件行李。

在过去的 20 年中，主航站楼的 BHS 一直通过定期部件更换计划进行维护，建议周期为 3 到 5 年，包括子系统升级和修改，以跟上机场不断增长的客运量。

最近的子系统升级包括将两个转盘合并为一个，以减少行李回收区的拥挤，特别是对于载有大量乘客的宽体航班。

“更换 BHS 是 MAHB 使机场面向未来的机会。吉隆坡国际机场行李网络的这次大修将使系统更具弹性，”MAHB 去年曾表示。

据报道，1月初，集团首席执行官拿督莫哈末苏克里莫哈末沙列表示，MAHB今年将分配4亿令吉的资本支出（capex），部分用于升级其BHS。

Mohd Shukrie 表示，吉隆坡国际机场 BHS 的升级将使其效率提高 30%，使其每年可处理多达 5000 万名乘客，而目前为 3000 万人次。

“我们正在进行招标，并将很快授予（BHS 升级）项目。由于涉及棕地项目，因此需要几年时间才能完成，”他曾说。

Posted by abc333 > 2021-06-07 18:55 | Report Abuse

the game is simple, reject the offer, Syed M will raise the offer price. to 2.2 at least

Posted by Investor48 > 2021-06-07 19:52 | Report Abuse

Okok..
Hold tight tight..

Hehe...

Posted by Nurimran87 > 2021-06-07 20:23 | Report Abuse

So, Tuesday we must hold ya?any possible Tuesday the price will higher than RM2?

Posted by probability > 2021-06-07 20:35 | Report Abuse

No sell tomorrow guys, lets see how high it can go

Posted by probability > 2021-06-07 20:36 | Report Abuse

next qtr earnings will be explosive

thats why Syed Mokhtar wants to acquire before the results out

Posted by abc333 > 2021-06-07 21:23 | Report Abuse

maybe in range 1.93 -2.03? but pretty sure if we reject the offer, M have no choice, he must pay a much reasonable price, Port listing is something He must do. MMC worth 2?? must be a joke.