Good size of land banking .. . but Kontena business in :-(
The port executive also says Kontena Nasional has a choice landbank. NCB’s latest annual report shows that Kontena Nasional has 18.5 acres in Jalan Kelang Lama, Kuala Lumpur, with a net book value of RM60.3 million; 32 acres in Port Klang, valued at RM40 million; 10 acres in Port Klang, valued at RM26.5 million; and 35 acres in Pasir Gudang, Johor, with a net book value of RM20.4 million, among others.
Management also shared that they had submitted proposal on tariff hike to Johor Port Authority and expecting the quantum of increase to be similar to what Westports secured recently (15% on first phase and another 15% on second phase). Note that since its inception in 1999, there was no tariff hike at PTP.
Recall that the management had guided during analyst briefing that the expected contribution from PD Power’s PPA extension is approximately RM20 million p.a EBITDA . . will contribute 3% to Malakoff’s bottom line.
An internal bulletin was also cited which quoted MMC Corp group managing director Khalib Mohamad Noh as saying that said MMC Port, which owns Northport, Johor Port, Penang Port and Port of Tanjung Pelepas, will next add Malacca Port.
It trade 1 share at 2.07 and that is a good sign. So, keep our fingers crossed that it will not close below 2.07. If scenario played out well, then the following days will be trading sideways to higher.
Only 51.5 Lots was traded at 2.07 today. There is still hope it can move sideways and rebound when the time i right. However it must not dip any lower than 2.07 starting tomorrow. If it does, then it can turn ugly if it didn't attempt to rebound immediately.
Not the matter about counter, is about Malaysia itself(1MDB default, Sarawak Election) that affect the counter. Between, our index also drop quite a lot too nowadays.
Scenario can change from day to day trending. When volume is super thin and price weakened is good for MMC right now. However this only apply to MMC right now and does not apply to other counters and is different at other occasion.
MMC is trying to show signs of rebounding. But it will be better to keep low for a little while more within a week. But they are the driver and should be the best person to steer the journey.
qwerty Only 51.5 Lots was traded at 2.07 today. There is still hope it can move sideways and rebound when the time i right. However it must not dip any lower than 2.07 starting tomorrow. If it does, then it can turn ugly if it didn't attempt to rebound immediately. 26/04/2016 16:56
When price start to hit 2.12 and moving above with supporting volume it is likely C1 will start to fly. By the time price hit 2.24, it can be anything around 16cts. depending on the power of the push and market environment.
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....
ivankvs
517 posts
Posted by ivankvs > 2016-04-22 17:54 | Report Abuse
We may see some improvement in coming Qtr result thx to the port business .
Ports : 15% tariff hike from November 1, 2015
The second phase, will come into effect on Sept 1, 2018 for another average approximate increase of 15%.
MMC Corp makes takeover offer for NCB Holdings @ RM4.40