Ex-Date 02 Jun 2020 Entitlement date 03 Jun 2020 Entitlement time 5:00 PM
Share transfer book & register of members will be 03 Jun 2020 to 03 Jun 2020 closed from (both dates inclusive) for the purpose of determining the entitlement
MMC at current price of RM0.87 still very much under value come wth huge safety of margin and also provide us once in a life time opportunity to buy in MMC at this level ....cheerrsss!
##Government today awarded 5G spectrum to TM, Axiata, Maxis , Digi and .....???.....is ALTEL, have you heard before ??(own by MMC major shareholder)...we still have other well establish telco's player such as YES & U Mobile but both also lose out!...from this alone, you can well predict the future of MMC@SUPER STOCK n where he will heading ???.....UP!!!....UP!!!....UP!!!
##As I mention before in my posting n i hint that MMC will be one of the biggest beneficiary of government HSR (multi multi Billion contract) or government mega project through economy pump priming activity
##more to come from MMC & Major Shareholder!!!
##it was clearly & obviously MMC under heavy share accumulation buy institutional fund at RM0.70 to RM0.795 and RM0.80 & above (smart money does a SILENTLY share accumulation n they try not to trigger other investor or try not to push up the price in big way so that they can keep accumulating) !!!
Anything below RM1 still consider good entry level.....take an investment horizon of 2 to 3 years , you will see a tremendous return in term of dividend and capital appreciation...
As always advised by prominent or well known fund manager, they will advise you to diversify your portfolio when come to stock investment such as 5 to 10 stocks. But in my case , i apply different approach by using all my money & saving invested in only *ONE STOCK which is MMC Corporation Berhad*
*Why??*
Because so many thousand stocks in Bursa , MMC emerge as the only ONE STOCK which fulfill all my 10 GOLDEN INVESTMENT CRITERIA as below:
1)Minimum turn over must exceed RM3bil
2)Consistently report profit for past 15 years!!! (never registered any financial year losses for the past 15 years!!!)
3)Consistently giving out dividend for the past 15 years...Never fail!!!
4) *HUGE SAFETY OF MARGIN* Current price RM0.83....well below NTA of RM3.08 (3.7x!!!)
5)Company major shareholder own by entrepreneur@individual (Those company own by entrepreneur is much better than than run by government or state fund)
6)Predictable,simple& proven recession proof business such as Port, Utility, Highway &Airport
7)Shareholder portfolio must minimum 20% & above own by Government fund (as insurance to company business )
8)Good & well known management team (MMC chairman is Tan Sri Shamsul who is Petronas former President & MMC Group MD is Datuk Seri Che Khalid who is Tenaga former MD)
9)Current price is lowest for the past 10 years based on historical statistic
10)Solid cashflow
Therefore, instead invest in 10 stocks , I choose the best of the best out of 10 stock , using all my money and saving ONLY invest in ONE STOCK which fully fulfill my 10 GOLDEN INVESTMENT CRITERIA which is MMC CORPORATION BERHAD
*Why MMC Corporation Berhad categorized as SUPER STOCK ?*
1) *PROFIT TRACK RECORD* Consistent profit track record for the past 15 financial years!!!
2) *DIVIDEND TRACK RECORD* Never fail to pay out dividend for the past 15 financial years!!!
3) *GOOD BUSINESS MODEL* Simple to understand business model which consisted of PORT business, UTILITIES business & Airport business
3) *ECONOMY MOAT* Through MMC monopoly at PORT & ULITILTIES segment!!! ##MMC Port business control more than 50% business in Malaysia ##MMC Power generation business is biggest in Malaysia ##MMC Gas business is almost solely distributor in Malaysia
4) *INTERGRITY & STRONG MANAGEMENT TEAM* Lead by Chairman, Tan Sri Shamsul (former Pertonas President) & Datuk Seri Che Khalid (Former Tenaga MD)
5) *HUGE SAFETY OF MARGIN* Current price RM0.83 which is well below NTA of RM3.08 (3.7x!!!)
6) *STRONG SHAREHOLDER* Few major shareholders such as Tan Sri Syed Mokhtar & PNB
7) *RECESSION PROOF BUSINESS MODEL* MMC PORT business, UTILITIES business & Airport business can CONFIDENTLY survive this HEALTH CRISIS of Covid-19 pandemic & will continue register profit for financial year 2020
8) *STRONG FINANCIAL POSITION* Cash level continue to increase & debt level continue to decrease (comparison between financial year 2018, 2019 and latest 1st quarter result of 2020)
9) *LOW INTEREST RATE* Additional big boost to MMC wth saving at loan interest payment
10) *UNDERVALUE NONE CORE BUSINESS* Super undervalue none core business such as Senai land, Tanjung Bin land , Kulim land & Smart highways which is super undervalue if compare to the book value at MMC!!!
11) *BIG CONTRACT* MMC & its counterpart in Engineering will be beneficiary if government reviving the HSR or introduce any mega project under government economy prime pumping initiative
12) *OVERSEA EXPANSION* Possible oversea asset acquisition base on MMC strength in term of financially and experiences
13) *NO SHARE DILUTION* MMC never undertake any right issue, cash call or private placement for whole entire 15 years history!!!
14) *PRIVATISATION* Potential major shareholder take it private (dont write off this possibility due to MMC current price well below its book value!!!)
15) *NATIONAL INTEREST* Port consider one of the National Interest Asset which MMC control almost 50% in Malaysia namely Port of Tanjung Pelepas, North Port, Penang Port, Beruas Port & Johor Port
Buy now,you get about 5% Div per year,Mmc paid average 4sen per year (last 20 years) much better than FD, plus capital appreciate in future just need patience!!!
shouldnt the unhealthy debt ratio be a main concern? With a current ratio of 0.76 (current asset= RM4.43bil, current liability= RM5.86bil). Non current liabilities at 10.874bil against a total equity of 9.99bil. Westport have a much healthier financial position, hence the higher valuation. I guess debt level is the major reason that keep investors away at the moment. I'm a newbie tho, please tembak me if I'm wrong
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....
WilburR2
871 posts
Posted by WilburR2 > 2020-05-29 12:53 | Report Abuse
after ex,bursa technically takes off 4.5 sen off the last close for the next day start. the rest is up to mkt forces.