DJIA plunged last Friday. It is important to monitor MMC's closing price tomorrow. It must stay neutral to up instead of moving south. At worst case scenario, price closing at 2.13 is still ok, not below that.
Ultra thin volume today is considered good. Price rebounded off from 2.11 earlier and still close above it today. There is a chance for it to trend higher towards the 2.33 level (surpassing 2.24) if KLSE sentiment improves after the MSCI re balancing.
Will announce today. Result shall be poor compared with 1Q15 post listing of Malakoff. However, FA for MMC remain strong. Tabung Haji keep buying, while EPF keep selling. Expected analysts will give high fair value between RM2.80-3.20.
IVANKVS, are you sure? The disposal of Malakoff was on Q2 2015. Not Q1. So i believe there will be Q-o-Q results growth, which will be a positive news for MMC counter. Just my opinion.
Company earning will soonest boost from construction and engineering a) KVRMRT2 – RM 16 bil * 50% b) Pan Borneo – RM 12.8 bil * 20% c) Langat Sewage Plant Project d) Order book increase to RM30bil
core net profit of RM69.9 million (-40.2% year-on-year [y-o-y]) accounted for just 17% and 18% of full-year estimates. We expect MMC to progressively recognise gains from the RM370 million land sale of the 189 acres (76.48ha) in Senai Airport City, Johor in the second half of 2016 (2H16). No dividends were declared.
"The RM1bil Langat 2 water treatment plant is targeted to be completed within a period of 36 months, that is on Apr 30, 2017, and includes an operation and maintenance period of three months upon completion," it said.
Selangor Mentri Besar Azmin Ali said the two plants costing RM800mil - Semenyih 2 and Labohan Dagang, Kuala Langat - would ensure water supply between 2017 and 2019, as the Langat 2 plant may only be completed by 2019 and not 2017.
Selangor to build two water treatment plants: a) Semenyih 2 has a capacity of 100 million litres per day b) Labohan Dagang plant in Kuala Langat, with water capacity of 400mld
The consortium was awarded the engineering, procurement, construction and commissioning contract for the 1,220 MW plant in May 2014. Contract valued at RM300mil.
Total installed capacity of about 1,220 MW
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Posted by fhis > 2016-05-09 16:54 | Report Abuse
let's see tomorrow...a nice uptick..