not need to be afraid la..heard ppl say coming results very good..somore now balance sheet come out a lot cleaner and less debt cause malakoff listed !! sure mmc corp increase back to last high 2.79..wait one two more weeks sure up.Malakoff up down doesnt matter to mmc corp..even if malakoff remains 1.80 mmc corp alrdy should be way higher after the listing of malakoff..but since it is a big company must hold mmc..blue chip ma..one year 10-20% up rdy ok..got good dividend also ma..safe counter for long term investment
KUALA LUMPUR: Alliance Research has maintained its Buy call on MMC with a target price of RM4.95 based on 20% discount to sum of parts.
In a note on Wednesday, the research house said MMC is currently trading at 57% discount to our SOP value.
It has adopted the strategy of listing its key businesses, starting with Gas Malaysia in 2012 and Malakoff in 2015, to unlock value. This should provide at least a floor value for MMC.
Based on the market value of both Gas Malaysia and Malakoff, the market is assigning only RM2.3bil to the unlisted businesses such as ports, construction, sole airport in Johor, water concession, and 4,556 acres of land in Johor.
"We understand its port business will be the next to be listed," it said.
MMC booked RM96mil net profit in 1Q15 inclusive of profit from discontinued operations (Malakoff).
The better result was due to continued improvements in Energy & Utilities, where 1Q15 EBIT jumped 38% y-o-y to RM400mil.
This was led by full recovery at Tanjung Bin power plant and contribution from Malakoff Wind Macarthur and Port Dickson Power. The expansion plans for Malakoff should continue to drive the recovery of Energy & Utilities earnings
Possible to drop further since this is Mahathir counter lol....sheikh mohktar... thats why project awarded still drop... malakoff listed still drop... have to think wisely before jump in...
Jangan percaya sama itu Bapak Ikan Paus Mahathir..sama Anak Ikan Paus Najib. Drama saja lebih mau kasi lu olang takut..beli sahaja itu MMC..dapat 2kupang lari lor..sudah tulun manyak..
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....
e1shi
212 posts
Posted by e1shi > 2015-05-15 09:16 | Report Abuse
if malakoff just 1 sen above ipo price, can you imagine what will happen if IMDB proceed with its IPO