MMC CORPORATION BHD

KLSE (MYR): MMCCORP (2194)

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11 people like this.

9,259 comment(s). Last comment by emsvsi 1 month ago

derrtan

1,796 posts

Posted by derrtan > 2015-08-24 14:34 | Report Abuse

may i know what cause this counter tumble a lot other than the market sentiment itself?

Posted by ForexTrader > 2015-08-24 18:31 | Report Abuse

i buy more now

Posted by Activetrader > 2015-08-27 00:24 | Report Abuse

profit 1.4b

Posted by Small_Fish > 2015-08-28 10:00 | Report Abuse

Buy some to cover previous loss.. Please keep buying, no sell

Posted by Ting Ley Yiew > 2015-09-18 20:47 | Report Abuse

more news about mmccorp?...keep o sell?...

Investeye

2,347 posts

Posted by Investeye > 2015-09-22 11:23 | Report Abuse

MMC機構(MMCCORP,2194,主板貿服組)為首選公用事業股項,以調整淨資產值估值仍是被低估股項,因該公司核心業務如港口及物流、及工程與建築目前估值仍被低估,預測本益比僅為5.2倍。
MMC仍按照計劃地將柔佛州的士乃機場城的地庫加以資金化,計劃每年將200英畝土地套現(若每方尺50令吉料將營造4億3千500萬令吉的營業額),除了提昇盈利外,也改善川行通道而加強其地庫價值。
MMC旗下的工程及建築業務,預料在2016年保持穩定。截至今年6月為止,其捷運地下鐵第1線路工程的隧道工程已完成約79%,惟相信捷運地下鐵第2線路工程合約料在2016年頒發,以便隧道工程可以開始啟動。
艾芬黃氏指出,隨著雪州與聯邦政府的水務重組計劃已達致協議,使MMC可加速進行總值15億令吉的泠岳廢水處理廠工程,以及總值9億9千400萬令吉的冷岳2水務處理廠計劃,該公司在財團裡持有34%股權。


點看全文: http://biz.sinchew.com.my/node/122961?tid=23#ixzz3mQyvnEdQ
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Investeye

2,347 posts

Posted by Investeye > 2015-09-28 14:16 | Report Abuse

Another positive news for MMC..

MMC's Senai Airport City in 60-year land-lease deal with Japan's Fuji Oil
By theedgemarkets.com / theedgemarkets.com | September 28, 2015 : 1:40 PM MYT

Posted by Ting Ley Yiew > 2015-09-28 17:03 | Report Abuse

Good....

Eric Lim

41 posts

Posted by Eric Lim > 2015-10-07 10:15 | Report Abuse

There is a big seller @ 2.29, be careful, pray hard for him not to dispose all his stocks with a lower price

song123

364 posts

Posted by song123 > 2015-10-08 14:20 | Report Abuse

i keep buying..no matter
how..no matter what..till RM3

tjhldg

27,218 posts

Posted by tjhldg > 2015-10-08 22:42 | Report Abuse

:)..

superegg

112 posts

Posted by superegg > 2015-10-09 11:09 | Report Abuse

this is RM3 share ...worth to invest

song123

364 posts

Posted by song123 > 2015-10-09 11:31 | Report Abuse

yup..rm3

Investeye

2,347 posts

Posted by Investeye > 2015-10-12 22:37 | Report Abuse

Finally disposed all balance MMC , thanks.

pujut

151 posts

Posted by pujut > 2015-10-20 21:57 | Report Abuse

NEW TP BY AFFIN:RM2.60

Seeks to privatise NCB

We believe MMC Corporation’s (MMC) move to privatise NCB
enhances its ports portfolio. However, it comes at a heavy price tag.
In the longer term, MMC would be able to consolidate its position as
a key player in the ports industry and capture better operational
synergies. In the short term MMC would have a more leveraged
balance sheet and incur higher finance costs.

MMC to trigger MGO for raising stake in NCB

Yesterday, MMC announced it intends to acquire a 53.4% stake in NCB
from Permodalan Nasional Berhad and AmanahRaya Trustees Berhad for
RM1.1bn (RM4.40/NCB share) via debt. This would bring MMC’s stake in
NCB from 30.1% to 83.5% thus triggering a mandatory general offer
(MGO). MMC does not intend to maintain NCB’s listing status.

Valuation does not appear cheap

The potential privatisation of NCB will not come cheap to MMC. At
RM4.40/NCB share, MMC is valuing NCB at PE of 55x (or EV/EBITDA of
12.3x) based on annualised 2015E EPS of 8 sen. In comparison,
Westports’ currently trades at 2015E PE of 26x. If the MGO is successful,
MMC would acquire the remaining 16.5% in NCB at an additional cost of
RM340m. Nonetheless, we believe NCB’s future earnings may improve
from rising container throughput and potential container tariff revisions.
Strategically, NCB would increase MMC’s presence in the central region of
Peninsular Malaysia as MMC’s ports are located in Johor.

Potential earnings erosion to MMC

We believe MMC’s 2016E earnings may erode by 6.5%, as we estimate
the higher finance costs from issuing debt of RM1.44bn to privatise NCB
will outweigh the consolidation of NCB’s earnings while assuming a
conservative 5% growth to NCB’s annualised 2015E earnings. Assuming
an interest rate of 5%, MMC would incur RM54m in additional after-tax
financing costs vs. NCB’s annualised 2015E earnings of RM37m. MMC’s
gross debt/equity will increase from 0.8x to 0.95x from this privatisation
exercise. NCB has a fairly small net debt position of RM79m.

Maintain BUY with unchanged TP of RM2.60

We maintain our BUY rating on MMC with an unchanged RNAV-based 12-
month target price to RM2.60 for now. NCB’s earnings contribution to
MMC will still be less than 10% even if NCB is privatised. Key re-rating
catalysts for the stock include further clarity on tunnelling works for MRT 2,
sustained recovery in associates (Malakoff and Gas Malaysia) and winning
new construction projects (such as high-speed rail) and/or concessions.

kinfatt999

2,913 posts

Posted by kinfatt999 > 2015-10-29 14:40 | Report Abuse

very few people want to sell mmc, to cheap this stock

Steven Lau

189 posts

Posted by Steven Lau > 2015-10-29 14:51 | Report Abuse

Still can buy??

bleuerouge

3,221 posts

Posted by bleuerouge > 2015-11-09 16:23 | Report Abuse

it's around a breakout point

Posted by Ting Ley Yiew > 2015-11-09 17:36 | Report Abuse

Hope so.....

Posted by silvius515 > 2015-11-13 15:02 | Report Abuse

what happened today?

Investeye

2,347 posts

Posted by Investeye > 2015-11-13 16:38 | Report Abuse

Accumulated back few lots at RM2.18, similar to Malakoff, MMC dropped quite significant but Malakoff able to recover.

apanama

3,796 posts

Posted by apanama > 2015-11-14 06:13 | Report Abuse

If I'm not mistaken syed mokhtar sold land recently ..sure duit banyak..hehehe

Investeye

2,347 posts

Posted by Investeye > 2015-11-17 11:49 | Report Abuse

Disposed all at rm2.24 ...

Poji Zol

52 posts

Posted by Poji Zol > 2015-11-23 09:44 | Report Abuse

Drop some more....huh

kinfatt999

2,913 posts

Posted by kinfatt999 > 2015-11-23 21:28 | Report Abuse

mmc is best company , what is going on?

Posted by Always A. Beginner > 2015-11-25 18:29 | Report Abuse

5:58PM MMCCORP Nine-month net profit 1.625 billion (increased 219.12%)

Investeye

2,347 posts

Posted by Investeye > 2015-11-27 16:58 | Report Abuse

Accumulated few lots at rm2.04, Suria is just controlled Sabah port and price is rm2.55 but MMC is controlled 3 ports in West Malaysia but at rm2.04? (Just skip the property).

kinfatt999

2,913 posts

Posted by kinfatt999 > 2015-12-01 15:57 | Report Abuse

mmc is good company, why drop like lau sai???

Posted by Always A. Beginner > 2015-12-01 17:00 | Report Abuse

seriously WHAT THE FUDGE is wrong with this counter? market maker playing games!?manipulation!?

Investeye

2,347 posts

Posted by Investeye > 2015-12-01 17:29 | Report Abuse

Matched at rm1.99, present price drop is an opportunity to accumulate at low.

vitac

523 posts

Posted by vitac > 2015-12-01 17:37 | Report Abuse

If want to compare mmc outstanding shares is 20x more than suria, nine months makes a lot of money, it comes from selling assets. Last lowest price is 1.60 so be careful...

vitac

523 posts

Posted by vitac > 2015-12-01 17:45 | Report Abuse

Very big company but very complicated same like boustead, high debt mostly in usd

Posted by Always A. Beginner > 2015-12-01 21:43 | Report Abuse

Following the completion of the Proposed Acquisition, MMC Port’s shareholding in NCB has increased from approximately 30.13% to approximately 83.55% of the issued and paid-up share capital of NCB. NCB is now a subsidiary of MMC Port.

This announcement is dated 1 December 2015.

Posted by Always A. Beginner > 2015-12-01 21:44 | Report Abuse

MMC Corporation Berhad (“MMC” or “the Company”) wishes to announce that it had on 1 December 2015 entered into a Shareholders Agreement with Keretapi Tanah Melayu Berhad (“KTMB”), to regulate their rights as shareholders of a joint venture company (“JVC”) to be incorporated, which will jointly identify potential opportunities and undertake the business of rail freight transport and related businesses in the rail cargo sector.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4938673

Investeye

2,347 posts

Posted by Investeye > 2015-12-01 22:31 | Report Abuse

Even enquired the NCB caused the debt or gearing up but overall NCB will become a cash cow to MMC. The worry is more on it property business. The JV with KTMB is a positive move for long term.

kinfatt999

2,913 posts

Posted by kinfatt999 > 2015-12-04 09:59 | Report Abuse

mmc is so cheap now

Posted by Always A. Beginner > 2015-12-04 13:55 | Report Abuse

it looks like going to be even cheaper by middle of this month..

Posted by DreamDominator > 2015-12-06 05:10 | Report Abuse

why wely slow

Posted by DreamDominator > 2015-12-06 05:17 | Report Abuse

wolume no goot

Posted by Always A. Beginner > 2015-12-08 16:43 | Report Abuse

fuuuuuuuuu cannot tahan anymore..going to explode very soon

Posted by wqlwqlwqlwqlwql > 2015-12-09 21:08 | Report Abuse

there are more and more project come in....

Posted by Always A. Beginner > 2015-12-09 23:51 | Report Abuse

not many ppl watching this counter now...its a big elephant right in the middle of the room and yet everybody is oblivious to it..kikiki

Posted by Masked Rider > 2015-12-16 12:29 | Report Abuse

@Always.. when it will explode?

Posted by Always A. Beginner > 2015-12-17 21:23 | Report Abuse

Masked rider..false alarm..this stock operator very cunning indeed! Control price like crazy..if u spend 5 full trading days watching this stock from 9am to 5pm you will get what i mean..

Posted by DreamInvader > 2015-12-17 21:25 | Report Abuse

lumbering biggie

kinfatt999

2,913 posts

Posted by kinfatt999 > 2015-12-31 09:42 | Report Abuse

mmc RM1.90 super cheap

Mohd Iqbal

266 posts

Posted by Mohd Iqbal > 2016-01-18 13:23 | Report Abuse

every day new bottom.. will it recover? TP 3.50 look like a joke

Mrgate

18 posts

Posted by Mrgate > 2016-02-17 14:47 | Report Abuse

Very low volume and overly under-priced; doesn't reflect the many projects in its books.

derrtan

1,796 posts

Posted by derrtan > 2016-02-18 08:50 | Report Abuse

agreed...wondering what is going on?

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