All Comments on MMCCORP Reload

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Jacky Lim
2 Like · Reply
老千股,Sid Moktak 的公司, 和 Malakof 一样。小心哦!!
YangMing Kan
都已经获得股东同意私有化了。。。
1 Like · 6 months · translate
Chee Chai Sian
还没睡醒。。大家的钱都已经进口袋了。。
Like · 6 months · translate
Muhamad Ridzwan
Like · Reply
Dh 20tahun rupenye dh dlm bursa...Selamat belayar MMC
Jack
9 Like · Reply
*MMC Corp at RM1.05*

*A Proxy of Port Recoveries*

- MMC is one of the *10 largest port operators in the world*, owning PTP, Johor Port, North Port, Penang Port and Tanjung Bruas Port in Malaysia;; Redsea Gateway Port in Saudi Arabia. MMC is also the operator of Senai Airport.

- MMC also *involves in utility segment through 37% stake in Malakof and 31% stake in Gas Malaysia.* For its engineering segment, it has RM2.95b of orderbook which ensure the ordebook visibility till FY23.

- To note, Malaysia’s 2020 exports is having a resilient growth due to the US-China trade diversion, with an 11% yoy growth despite Covid-19. Export value also rose to RM95.7b, the highest level since October 2018. As a result, MMC benefitted from the higher container volume in its ports, handling 2.739m TEUs and port revenue. 4Q20 PBT grew 10% yoy and 87% yoy respectively.

- The positive outlook on global trade and investments have been sustained till 2021, with recently released Malaysia’s Feb 2021 export showing a *17.6% yoy growth.* Moving forward, the economy recovery and strong demand for global shipping as well as container shortage will be the key rerating catalyst to fuel MMC’s earnings by generating more feedstock and finished products throughput for its ports.

- *In terms of valuations, MMC is now trading at only 8.5x PE,* a steep discount to its 5-years average PE of 13x. This is also a cheap valuation for its current book value of RM3.38/share. Based on 13x PE and assume every quarter in FY21 to deliver only half of 4Q20’s 5.9c EPS, indicative fair value would be RM1.53.

- There are also *talks for IPO of its port assets,* valued at RM4b. If we look at MMC’s current market cap of about RM3.2b now, its stake in Malakof and GasMalaysia is already about RM2.7b, if the ports go through IPO with RM4b valuations, total will be about RM6.7b, and indicative fair value would be RM2.20/share.

Disclaimer: This is not a buy/sell call, just personal research. Trade at your own risk.
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Super Quinn
Hi Jack, what next? u disappeared so long...
Like · 11 months · translate
Jack
Thank you mmc for the excellent ride. Goodbye :)
Like · 5 months · translate
Mohd Rizman Mat Arip
Like · Reply
goodbye MMC
肚腩神
1 Like · Reply
BYE BYE TOMORROW OFFICIALLY
李凯伦
Like · Reply
I received money but still show own the share, got error?
klse share
Like · Reply
money in today
Belinda J. Marriot
3 Like · Reply
If everyone receives money? Please let us know here! Ty very much
YangMing Kan
I received the money
Like · 5 months · translate
小陈
I also received teh money too
Like · 5 months · translate
Fisherman
1 Like · Reply
need to sell our on hand share to take profit OR it will auto debit money into our account?
Kamal Zairuddin Shah Omardin
Checked "Eligible shareholders will be determined by the record of depositors of MMC as at 5pm, Monday (Nov 29).

Settlement of the payment to shareholders is expected to be effected within 10 days from the date on which the Kuala Lumpur High Court confirms the reduction of the issued share capital of MMC lodged with the Registrar of Companies, pursuant to Section 116(6) of the Companies Act 2016."
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Like · 5 months · translate
Kamal Zairuddin Shah Omardin
payment to shareholders is expected to be effected within 10 days from the date on which the Kuala Lumpur High Court confirms the reduction of the issued share capital
Like · 5 months · translate
Belinda J. Marriot
1 Like · Reply
May I know how to receive the SCR money from Tan Sri syed? It's automatically or I still need to register?
Belinda J. Marriot
Got lah.adui my friend
Like · 6 months · translate
YangMing Kan
Announcement 15 November ,capital repayment.
Like · 5 months · translate