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  michaelwong Still got room to move forward with increased in volume in days to come provided Asian and DJI remain bullish. 18/07/2018 11:37 michaelwong At least can reach 1.60 in the near term with holding power since the volume is still low ! 18/07/2018 19:54 michaelwong Still can collect as the price is still cheap and wait for volume to increased 25/07/2018 20:16 longtermvaluegain https://www.nst.com.my/news/nation/2018/09/413200/ag-hundreds-lopsided-contracts-signed-during-bns-time 21/09/2018 18:04  James Ng https://klse.i3investor.com/blogs/general/177051.jsp [转贴] [MMC CORP BHD：完成收购Penang Port Sdn Bhd的51％股权，预计将增加港口和物流部门的收益] - James的股票投资James Share Investing 06/10/2018 12:57 wilsonchan87 MMC most untung one is port portion business, construction just smaller portion 08/10/2018 14:16 stockraider U need to understand these loh....!! Even if MMC got back their tunnel jobs, it will never be the same again loh...!! 1. There will be substantial discount given to secure jobs, and this will affect its construction margin loh....!! 2. The lost of PDP, means there is a big lost of steady & safe income which affect its bottom line loh....!! 3. The big discount given on elevated MRT for securing the jobs means another big cut in its construction margin mah....!! The other scenario , If MMC do not get back its tunnel jobs, it will means chaos to its business loh....!! 1. Heavy overheads, subcontractors issue, valuation of half way works etc....!! 2. The use of foreign tunneling contractors will also create competitors to its business loh.....!! Thus the overall business model of MMC is no longer as lucrative as b4 bcos of govt cost down loh....!! Overall it is bad news for MMC loh..!!, thats why mkt selldown loh....!! 09/10/2018 08:47 ivan9511 lucky buy mmcand Star at lowest easy pocket money for me on buying MMC abd Star MMC and Star now already paper profit \ Easy money 09/10/2018 16:29 Gn021 Following the robust reaction from the joint venture (JV) and those who would be affected by its earlier decision to take away the remaining work on the underground portion of the mass rapid transit Line 2 (MRT2) project, the Cabinet yesterday decided that an attempt be made to bridge the divide. “They will go back to the negotiation table to resolve this,” a source told The Edge Financial Daily. “The door remains open and hopefully a fresh tender can be avoided”. It is learnt that four ministers led by Finance Minister Lim Guan Eng will be involved in the renegotiation. They are Economic Affairs Minister Datuk Seri Mohamed Azmin Ali, Transport Minister Anthony Loke and Works Minister Baru Bian. 11/10/2018 09:46 Gn021 （吉隆坡11日讯）金务大（Gamuda Bhd）今早交投活络，上涨2.42%，似乎成为了马股一片红海当中的一点绿。 截至早上9点21分，金务大起5仙，至2.12令吉，约2115万股易手。 根据《The Edge》财经日报报导，内阁昨天决定重新谈判捷运2号线（MRT2）计划地下工程。 知情人士告诉《The Edge》财经日报：“他们将重新谈判，解决这个问题。这个大门一直都在打开，希望可以避免重新招标。” 据了解，以财政部长林冠英为首的4名部长将会参与谈判活动，包括经济事务部长拿督斯里阿兹敏、交通部长陆兆福及工程部长巴鲁比安。 11/10/2018 10:44 Victor Yong MMC is safer bet than gamuda :) PETALING JAYA: Gamuda Bhd image: https://cdn.thestar.com.my/Themes/img/chart.png and MMC Corp Bhd image: https://cdn.thestar.com.my/Themes/img/chart.png ’s shares tanked, following the government’s announcement that its joint-venture (JV) company had been terminated as the contractor for the underground portion of the Mass Rapid Transit Line 2 (MRT2) project. Both companies saw some RM1.93bil (Gamuda) and RM671mil (MMC) being shaved off from their market capitalisation in yesterday’s trade. Gamuda ended the trading session at its seven-year low, plunging 78 sen or 24.3% to RM2.43, while MMC ended at its 9½-year low, dropping 22 sen or 16.3% to RM1.13. Gamuda was the most active stock on Bursa Malaysia yesterday. image: https://content.thestar.com.my/smg/settag/name=lotame/tags=Int_Tech_Telco_Computer_Electronics_Gadgets,Int_Property,Int_Tech_Telco,Int_Property_Affluent,Int_Business_Finance,all,Int_Business_Finance_SME It was reported that the government had reduced the construction cost of the elevated portion of the MRT2 project by 23% or some RM5.22bil from the original cost of RM22.64bil. The underground portion of the MRT2, which saw MMC-Gamuda’s contract being terminated, will be re-tendered via an international open tender exercise. MMC-Gamuda will also be appointed as the project’s turnkey contractor instead of a project delivery partner (PDP). Analysts said the latest development is highly negative for Gamuda. UOBKayHian Research (UOBKH) said in its report that this development would erode more than 90% of Gamuda’s current outstanding order book. “We have cut Gamuda’s financial year 2019 (FY19)-FY21 forecast earnings by 32% annually following the contract termination of the MRT2 underground tunnel. We exclude the remaining RM5.5bil of MRT2 works from our assumption, leaving Gamuda’s outstanding book at RM500mil from the Pan Borneo Highway project only,” UOBKH said. “Also, we have excluded our annual order book replenishment of RM500mil for the FY19-FY21 forecast on the back of less government infra-related jobs to be dished out in the near term. Historically, Gamuda relies heavily on government-related projects,” it added. Commenting on MMC-Gamuda’s new role as the project’s turnkey contractor, the research house said the JV company could see its margins being maintained. “The JV can potentially maintain the effective margin equivalent to its former PDP fees by putting a mark-up plus reimbursable fees as the turnkey contractor responsible for the delivery of the project, and also assuming the construction risks, including the financing risk,” UOBKH said. It expects the turnkey role management fees to contribute around RM50mil-RM60mil annually based on a 4% management fee compared to 6% previously under the PDP structure fees. “Excluding the MRT2 contract, our revised sum of parts (SOP)-based target price for Gamuda is RM2.37. Our target price is based on a 20% discount (through the valuation methodology) to our SOP valuation of RM2.96 per share and implies 13.7 times the FY20 forecast price-to-earnings ratio,” UOBKH said, downgrading the stock to a “sell”. For MMC Corp, UOBKH said the company’s earnings forecast has been cut for the 2019-2020 period by 35% annually on the latest developments. The research house said it has also excluded the remaining RM5.5bil of MRT2 works from its assumption. UOBKH has maintained its “hold” rating on MMC, with a lowered target price of RM1.50 per share. “Our target price is based on a steep 50% discount to our SOP valuation of RM3.00 per share. We note that the group‘s port assets account for the bulk of valuation and earnings, as the engineering segment accounts for only 10% of our SOP-based valuation of RM9.2bil for MMC,” it said. Read more at https://www.thestar.com.my/business/business-news/2018/10/09/gamuda-mmc-shares-fall/#IUyp7PWl9SrFgW88.99 17/10/2018 09:51 Victor Yong MMC is a much safer bet than gamuda. :) “Excluding the MRT2 contract, our revised sum of parts (SOP)-based target price for Gamuda is RM2.37. Our target price is based on a 20% discount (through the valuation methodology) to our SOP valuation of RM2.96 per share and implies 13.7 times the FY20 forecast price-to-earnings ratio,” UOBKH said, downgrading the stock to a “sell”. For MMC Corp, UOBKH said the company’s earnings forecast has been cut for the 2019-2020 period by 35% annually on the latest developments. The research house said it has also excluded the remaining RM5.5bil of MRT2 works from its assumption. UOBKH has maintained its “hold” rating on MMC, with a lowered target price of RM1.50 per share. MMC pays div yearly. 19-Apr-2018 18-Jun-2018 DIVIDEND Final Dividend RM 0.04 Dividend Detail 14-Apr-2017 16-Jun-2017 DIVIDEND Final Dividend RM 0.04 Dividend Detail 15-Apr-2016 16-Jun-2016 DIVIDEND Final Dividend RM 0.0380 Dividend Detail 29-Apr-2015 18-Jun-2015 DIVIDEND Final Dividend RM 0.0350 Dividend Detail 17/10/2018 10:01 Victor Yong a safer bet than gamuda :) MMC Corporation Berhad - Ports Segment to Remain the Main Pillar of MMC’s Earnings Date: 09/10/2018 Source : MIDF Stock : MMCCORP Price Target : 1.32 | Price Call : BUY Last Price : 1.14 | Upside/Downside : +0.18 (15.79%) Back INVESTMENT HIGHLIGHTS Based on a statement by MoF, contract for underground portion of MRT2 cancelled and will be re-tendered through an international open tender Value of above-portion contract reduced to RM17.4b after shifting to turnkey contractor basis Stand a fair chance of winning the re-tender project Earnings to be supported by the ports segment Maintain BUY with a revised TP of RM1.32 per share MMC-Gamuda’s JV underground KVMRT2 contract cancelled off. Based on a statement by MoF, the Malaysian government has decided to terminate MMC-Gamuda’s KVMRT2 underground works contract worth RM16.7b after both parties failed to reach an agreement to cut costs. The latest publicly available percentage completion of the underground works stood at 40% with an effective remaining orderbook of approximately RM5.3b-RM5.4b for MMC’s portion. Moving forward, the remaining 60% works for the underground portion of KVMRT2 will be re-tendered out via an international open tender process. As such, the estimated timeline for completion of KVMRT2 could be delayed beyond May 2022. Value reduction for the above-portion works. Meanwhile, the Malaysian government accepted MMC-Gamuda’s offer to proceed with the above-ground portion with a lower value of RM17.4b (-23%). This comes after MMC-Gamuda shifts from a project delivery partner (PDP) model to turnkey contractor basis. An advantage of being a turnkey contractor is that MMC-Gamuda would be able to participate in the re-tendering process of the underground works. We view that MMC-Gamuda would stand a fair chance of succeeding in the next bid given its expertise demonstrated in past projects, albeit at a more competitive value. Remaining construction orderbook declines by >30%. We are negatively surprised as we did not foresee cancellations for the on-going construction project. Following the contract termination of KVMRT2 underground works for MMC-Gamuda and the 23% reduction for the remaining underground works, the effective remaining orderbook for MMC hovers below RM10b from RM14.9b previously. Earnings impact. Despite the changes agreed for the above-ground contract value, the entirety of its outcome to MMC-Gamuda is still uncertain subsequent to the cancellation of the tunnelling works contract. This is considering the lack of official confirmation from MRT Corp to MMCGamuda as announced yesterday. In view of this, a conservative stance is palatable and has prompted us to adjust our FY18 and FY19 earnings estimates downwards by -45% and -35% to RM109.4m and RM168.3m respectively. This is after taking into account: (i) the omission of the outstanding 70% underground works worth roughly RM5.3b-RM5.4b as of July 2018, and (ii) the outstanding above-ground turnkey contract value estimated at RM4.4b after taking 50% of MMC’s share. Near term prospects. While the abovementioned matter is a drag on earnings, we opine that MMC’s profitability to be buttressed by its ports segment as highlighted in our previous note on 26 September 2018. Port of Tanjung Pelepas (PTP) has continued to record yearly and quarterly growth in its container throughput since 3QFY17. Meanwhile, Northport and Johor Port has been showing sequential recovery for the past two consecutive quarters as the effects of recalibration in shipping alliances start to fade. Moreover, Penang Port will be transitioning into a major port of call for cargo ships from just a feeder port under its RM500m capex plan for the next five years. Growth in Penang Port would also be further supported by the container terminal business but also the cruise terminal operations in collaboration with Royal Caribbean Cruises Ltd driven by the growth in tourism in Penang. Cumulatively, the estimated 12% growth in total revenue of MMC’s ports in FY18 will sustain PAT margins of the segment above 10% and continue to contribute above 50% of earnings in FY18. To recall, MMC is the largest port operating group in Malaysia with a 58% market share of the nation’s container market. Target price. Subsequent to our earnings revisions mainly in the construction segment, we are revising our target price downward to RM1.32 per share (previously RM1.72 per share). This is also premised on the adjustments made in our SOP valuation to incorporate: (i) a higher WACC of 12% (previously 10%) for MMC’s ports to exercise caution from the competition from PSA; and (ii) lower construction PE multiple of only 6x (8x previously) to reflect the broad weakness of the construction sector. https://klse.i3investor.com/servlets/ptres/47473.jsp 17/10/2018 10:24 Victor Yong A good alternative to Gamuda for the terrminated portion of MRT 2 project pending announcement. :) No. of % of Issued No Name Shares Held Capital 1 Seaport Terminal (Johore) Sdn Bhd 1,576,108,840 51.76 2 Amanahraya Trustees Berhad 552,836,200 18.16 – Amanah Saham Bumiputera 3 Lembaga Tabung Haji 231,569,700 7.60 4 Citigroup Nominees (Tempatan) Sdn Bhd 154,833,600 5.08 – Employees Provident Fund Board 5 Kumpulan Wang Persaraan (Diperbadankan) 93,632,400 3.07 6 Citigroup Nominees (Tempatan) Sdn Bhd 76,160,100 2.50 – Exempt AN for AIA Bhd 7 Cartaban Nominees (Tempatan) Sdn Bhd 22,790,000 0.75 – PAMB for Prulink Equity Fund 8 Amanahraya Trustees Berhad 22,629,500 0.74 – Amanah Saham Wawasan 2020 9 Amanahraya Trustees Berhad 18,264,800 0.60 – AS 1Malaysia 10 HSBC Nominees (Asing) Sdn Bhd 17,564,000 0.58 – BBH and Co Boston for Vanguard Emerging Markets Stock Index Fund 11 Citigroup Nominees (Asing) Sdn Bhd 13,010,080 0.43 – CBNY for Dimensional Emerging Markets Value Fund 12 Amanahraya Trustees Berhad 12,033,400 0.40 – Amanah Saham Malaysia 13 HSBC Nominees (Asing) Sdn Bhd 11,157,100 0.37 – JPMCB NA for Vanguard Total International Stock Index Fund 14 Amanahraya Trustees Berhad 9,591,700 0.31 – Amanah Saham Didik 15 Maybank Nominees (Tempatan) Sdn Bhd 7,530,000 0.25 – National Trust Fund (IFM Maybank) 16 Citigroup Nominees (Asing) Sdn Bhd 6,572,600 0.22 – CBNY for Emerging Markets Core Equity Portfolio DFA Investment Dimensions Group Inc 17 Cartaban Nominees (Tempatan) Sdn Bhd 6,279,600 0.21 – PBTB for Takafulink Dana Ekuiti 18 Maybank Nominees (Tempatan) Sdn Bhd 6,169,100 0.20 – Etiqa Life Insurance Berhad (Life Non PAR) 19 Cartaban Nominees (Tempatan) Sdn Bhd 5,438,800 0.18 – PAMB for Prulink Dana Unggul 20 Cartaban Nominees (Tempatan) Sdn Bhd 5,436,400 0.18 – PAMB for Participating Fund 21 Maybank Nominees (Tempatan) Sdn Bhd 4,100,100 0.13 – Etiqa Life Insurance Berhad (Life PAR) 22 Citigroup Nominees (Tempatan) Sdn Bhd 4,000,000 0.13 – Employees Provident Fund Board (ARIM) 23 Maybank Nominees (Tempatan) Sdn Bhd 3,976,700 0.13 – Pledged Securities Account for Lee Ai Chu 24 Maybank Nominees (Tempatan) Sdn Bhd 3,412,100 0.11 – Pledged Securities Account for Cheng Mooi Soong 25 Cartaban Nominees (Asing) Sdn Bhd 3,138,230 0.10 – SSBT Fund C021 for College Retirement Equities Fund 26 HSBC Nominees (Asing) Sdn Bhd 3,116,400 0.10 – Exempt AN for Credit Suisse (SG BR-TST-Asing) 27 Citigroup Nominees (Asing) Sdn Bhd 2,997,800 0.10 – Legal & General Assurance (Pensions Management) Limited (A/C 1125250001) 28 Citigroup Nominees (Tempatan) Sdn Bhd 2,712,100 0.09 – Kumpulan Wang Persaraan (Diperbadankan) (VCAM Equity FD) 29 Citigroup Nominees (Tempatan) Sdn Bhd 2,695,600 0.09 – Exempt AN for AIA Public Takaful Bhd 30 Mega First Housing Development Sdn Bhd 2,130,000 0.07 TOTAL 2,881,886,950 94.64% Annual Report 2017 17/10/2018 10:52 Victor Yong When will the acquisition of share by EPF and Tabung Haji restart? :) EMPLOYEES PROVIDENT FUND BOARD 20-Aug-2018 Disposed 137,000 EMPLOYEES PROVIDENT FUND BOARD 09-Aug-2018 Disposed 134,500 LEMBAGA TABUNG HAJI 29-Jun-2018 Transferred 2,250,000 EMPLOYEES PROVIDENT FUND BOARD 04-May-2018 Acquired 209,700 LEMBAGA TABUNG HAJI 30-Apr-2018 Acquired 300,000 LEMBAGA TABUNG HAJI 27-Apr-2018 Acquired 150,000 LEMBAGA TABUNG HAJI 06-Mar-2018 Acquired 224,300 LEMBAGA TABUNG HAJI 29-Dec-2017 Acquired 767,000 LEMBAGA TABUNG HAJI 10-Nov-2017 Acquired 575,800 LEMBAGA TABUNG HAJI 09-Nov-2017 Acquired 1,000,000 LEMBAGA TABUNG HAJI 08-Nov-2017 Acquired 1,000,000 LEMBAGA TABUNG HAJI 07-Nov-2017 Acquired 1,000,000 LEMBAGA TABUNG HAJI 06-Nov-2017 Acquired 376,200 LEMBAGA TABUNG HAJI 03-Nov-2017 Acquired 1,000,000 LEMBAGA TABUNG HAJI 02-Nov-2017 Acquired 44,800 LEMBAGA TABUNG HAJI 01-Nov-2017 Acquired 80,000 LEMBAGA TABUNG HAJI 31-Oct-2017 Acquired 1,000,000 0.000 View Detail LEMBAGA TABUNG HAJI 30-Oct-2017 Acquired 839,600 0.000 View Detail LEMBAGA TABUNG HAJI 27-Oct-2017 Acquired 712,900 0.000 View Detail LEMBAGA TABUNG HAJI 25-Oct-2017 Acquired 150,000 0.000 View Detail LEMBAGA TABUNG HAJI 16-Oct-2017 Acquired 294,200 0.000 View Detail LEMBAGA TABUNG HAJI 12-Oct-2017 Acquired 500,000 0.000 View Detail LEMBAGA TABUNG HAJI 18-Sep-2017 Acquired 225,300 0.000 View Detail LEMBAGA TABUNG HAJI 14-Sep-2017 Acquired 137,100 0.000 View Detail LEMBAGA TABUNG HAJI 13-Sep-2017 Acquired 500,000 0.000 View Detail 17/10/2018 14:25 Victor Yong :) Current Prospects Ports & Logistics ▪ Improve operational performance due to operational and cost synergies as well as to achieve improvements in efficiency and productivity across the division. ▪ Completion of acquisition of the balance 51% interest in Penang Port Sdn Bhd is expected to contribute positively to the Group’s earnings. Energy & Utilities ▪ Positive contribution from its two associates. ▪ Continuous strategic initiatives from Malakoff to secure growth opportunities in the power sector as well as to broaden its earnings base in complementary business sectors for the future. ▪ Higher gas volume sales at Gas Malaysia. Engineering ▪ Substantial existing order-book anchored by KVMRT-SSP Line underground work and PDP role ▪ Other on-going project: a. Langat 2 Water Treatment Plant b. Langat Centralized Sewerage Project c. PDP role for Pan Borneo Sabah Highway 17/10/2018 16:09 Victor Yong today, back to the bottom/lowest price after the underground of the mrt 2 project was terminated.... :) 16/10/2018 1.13 -0.02 (1.74%) 766,100 15/10/2018 1.15 0.00 (0.00%) 454,900 12/10/2018 1.15 +0.02 (1.77%) 874,400 11/10/2018 1.13 +0.01 (0.89%) 2,411,800 10/10/2018 1.12 -0.04 (3.45%) 2,064,100 09/10/2018 1.16 +0.03 (2.65%) 1,363,700 08/10/2018 1.13 -0.22 (16.30%) 4,841,600 05/10/2018 1.35 -0.03 (2.17%) 580,800 17/10/2018 16:20 Victor Yong Decision very soon :) Lim Guan Eng: Cabinet will decide on any changes to MMC-Gamuda JV contract Author: savemalaysia | Publish date: Wed, 17 Oct 2018, 05:05 PM KUALA LUMPUR (Oct 17): If there are any changes to the termination of the MMC-Gamuda’s contract to build the underground portion of the MRT Line 2 (MRT2) Rapid Transit 2 (MRT2), it wil be decided by the Cabinet, said Finance Minister Lim Guan Eng. He said since the termination of the contract was a Cabinet decision, if there were any changes to be made they would have to go through the Cabinet meeting. Speaking to reporters at Parliament lobby here today, Lim said he was not present in the last Cabinet meeting as he was on a working visit in Bali, Indonesia and was therefore unable to comment on the matter. On Oct 7, Lim said the Cabinet had decided to terminate the MMC-Gamuda contract to build the underground portion of the MRT2 project, adding that all unfinished underground works would re-tendered via an open tender. He said the MRT2 project was expected to save RM5.22 billion or 23 per cent of the original cost for the above ground portion of the project, following the open tender exercise. However, MMC-Gamuda said almost 20,000 employees from a supply chain of more than 600 Malaysian companies would lose their jobs following the termination of the contract. In his response, Lim said a majority of those affected by the contract termination could be re-hired by the new contractor. http://www.theedgemarkets.com/article/lim-guan-eng-cabinet-will-decide-any-changes-mmcgamuda-jv-contract 17/10/2018 17:08 Victor Yong will be finalized pretty soon. hurray :) KUALA LUMPUR (Oct 17): Finance Minister Lim Guan Eng said today that he will bring the matter of the termination of MMC Gamuda KVMRT (T) Sdn Bhd’s contract to build the underground portion of the Mass Rapid Transit Line 2 (MRT2) for further deliberation in the next cabinet meeting. That's because the cabinet was the one to pull the plug on MMC Gamuda's underground work contract of the MRT2, he added. “Let’s wait for the next cabinet meeting because I was not in the previous cabinet meeting, as I was in Bali last week attending the Asean Ministers Conference. So, let me get back to you after the next cabinet meeting, to update on the present situation," he told reporters at Parliament lobby today. "On this matter, bear in mind it was a cabinet's decision. So, if there are any changes, it has to be decided by the cabinet,” Guan Eng added. On Oct 7, Guan Eng had announced that the federal government will be retendering all unfinished underground works of the MRT2 project, also known as the Sungai Buloh-Serdang-Putrajaya (SSP) line, through an international open tender process. He had also announced the termination of the underground work contract after the government and MMC Gamuda failed to reach an agreement relating to a reduction in the construction cost. However, MMC-Gamuda had lamented that the joint venture (JV), which is equally owned by Gamuda Bhd and MMC Corp Bhd, was not being given a fair chance to work out the cost reduction for the underground works, as the Ministry of Finance did not reveal the target it wanted to achieve. The ministry had also warned it would result in immediate job losses of over 20,000 personnel involved in the underground works, from a supply chain of over 600 Malaysian companies. Subsequently, Prime Minister Tun Dr Mahathir Mohamad had said the government will review its decision to open the international tender process for the MRT2 underground works. On Oct 11, The Edge Financial Daily had also reported saying four ministers led by Guan Eng will be involved in the renegotiation. They are Economic Affairs Minister Datuk Seri Mohamed Azmin Ali, Transport Minister Anthony Loke and Works Minister Baru Bian. Gamuda shares closed down one sen or 0.41% at RM2.42 today, with 12.32 million shares done, bringing a market capitalisation of RM6 billion. However, shares of MMC settled at RM1.14, up one sen or 0.89%, with 474,400 shares traded, valuing it at RM3.47 billion. 17/10/2018 18:48 Victor Yong MMC and gamuda will be next :) LRT3 to proceed at RM16.6bil price tag CONSTRUCTION Wednesday, 17 Oct 2018 7:28 PM MYT image: https://www.thestar.com.my/~/media/online/2018/10/17/11/37/lrt3.ashx/?w=620&h=413&crop=1&hash=D3C912A8B68D74E1015F27BA9452AD303B75E6A5 image: https://content.aimatch.com/default.gif image: https://content.thestar.com.my/smg/settag/name=lotame/tags= KUALA LUMPUR: The Light Rail Transit Line 3 (LRT3) project has received the Government’s greenlight to continue at a total project cost of RM16.6bil, according to separate filings by Malaysian Resources Corp image: https://cdn.thestar.com.my/Themes/img/chart.png Bhd (MRCB) and George Kent (M) Bhd image: https://cdn.thestar.com.my/Themes/img/chart.png after the market closed on Wednesday. Shares in the two companies shot up before the news broke out. image: https://content.aimatch.com/smg/23/turmericChicken-300x250.jpg image: https://www.thestar.com.my/business/business-news/2018/10/17/lrt3-to-proceed-at-half-the-cost/ image: https://content.thestar.com.my/smg/settag/name=lotame/tags= ADVERTISEMENT “Prasarana has via its letter dated Oct 16 to MRCB George Kent Sdn Bhd (MRCB-GK), informed that the Government has agreed to continue with the project at a total cost of RM16.6bil, including land acquisition costs, interest during construction and other costs,” the two companies said in the separate filings with Bursa Malaysia. The companies said the implementation concept of the project will be remodelled from a project delivery partner (PDP) regime to a fixed price contract regime. The two companies did not elaborate on the terms of the new contract regime, but said that further announcement will be release as and when there is a material development in relation to the project. Shares in MRCB surged 7.5 sen or 10.42% at 79.5 sen, with 84.23 million shares transacted. Most of the transaction were done during the last hour of trade. Meanwhile, George Kent also saw a similar last-minute push as the stock ended 13 sen, or 12.9% higher at RM1.14. Finance Minister Lim Guan Eng, in July, said that actual cost of the LRT3 had jumped to RM31.45bil, compared with its original construction cost of RM9bil in 2015 when the PDP contract was awarded to MRCB-GK. Read more at https://www.thestar.com.my/business/business-news/2018/10/17/lrt3-to-proceed-at-half-the-cost/#SKmH5BRFQEHz4Dkw.99 17/10/2018 19:58 Victor Yong MMC should rise tomorrow as the parent company of Gas Malaysia :) Gas Malaysia will be MMC's cash cow in the coming years, economical and cleaner as energy :) Gas Malaysia-Tokyo Gas JV commissions gas engine plant TheEdge Wed, Oct 17, 2018 - 51 minutes ago KUALA LUMPUR (Oct 17): Gas Malaysia Bhd announced today the successful commissioning of its second gas engine co-generation plant operated with its joint venture partner Tokyo Gas Engineering Solutions Corp. The joint venture company, Gas Malaysia Energy Advance Sdn Bhd (GMEA), is owned 66% by Gas Malaysia and 34% by Tokyo Gas. In a stock exchange filing, Gas Malaysia said the plant has officially started supplying electricity and hot water to a manufacturing plant belonging to air conditioner company Panasonic Appliances Air-Conditioning Malaysia Sdn Bhd. “Currently, Panasonic and Tokyo Gas have commenced their operation of power generator and air conditioning system in combination with energy service by gas co-generation and non-Freon air conditioner, at Panasonic’s manufacturing plant in Malaysia. “GMEA installed two megaWatt co-generation, fuelled by natural gas, on the manufacturing plant of Panasonic Appliances Air-Conditioning. GMEA will also provide comprehensive services for each phase of the project, from system design, construction, procurement of fuel to facility, maintenance, and to electricity and hot water supply,” said Gas Malaysia. GMEA was set up to generate and sell electricity and steam through the combined heat and power (CHP) system to the industrial sector. The system is a simultaneous production of electricity and usable thermal energy from one single fuel source, which is said to be more efficient unlike the conventional electricity generation that wastes vast amounts of heat. GMEA had in January 2017 successfully completed and commissioned its first CHP plant for a manufacturing company in Prai, Penang. Gas Malaysia said that with the system, Panasonic’s plant could reduce energy inputs by about 3% and carbon dioxide emissions by some 11%. “The system is expected to continue contributing to highly-efficient and environmentally-friendly energy supply with natural gas as a clean energy source. The commencement of operation of the project is expected to contribute positively to earnings of the group,” it added. Shares in Gas Malaysia were unchanged at RM2.83 at market close today. The gas and energy solutions provider has a market capitalisation of RM3.63 billion. 17/10/2018 20:58 Victor Yong free float rendah tapi bila move, ia akan naik dengan dahsyat sebab free float sangat rendah :) 17/10/2018 21:08 Victor Yong buy mmc rather than gkent or mrcb where the results have been announced and the price has risen substantially :) 18/10/2018 09:09 Victor Yong MMC is a safer bet than gamuda, it has Gas Malaysia, Port & Power Plant.plus no institutional funds are selling after the MMC-Gamuda’s JV underground KVMRT2 contract cancelled off. .. more steady :) MMC Corporation Berhad - Ports Segment to Remain the Main Pillar of MMC’s Earnings Date: 09/10/2018 Source : MIDF Stock : MMCCORP Price Target : 1.32 | Price Call : BUY Last Price : 1.14 | Upside/Downside : +0.18 (15.79%) Back INVESTMENT HIGHLIGHTS Based on a statement by MoF, contract for underground portion of MRT2 cancelled and will be re-tendered through an international open tender Value of above-portion contract reduced to RM17.4b after shifting to turnkey contractor basis Stand a fair chance of winning the re-tender project Earnings to be supported by the ports segment Maintain BUY with a revised TP of RM1.32 per share MMC-Gamuda’s JV underground KVMRT2 contract cancelled off. 18/10/2018 09:48 Victor Yong Less or minimum contra play, mostly investors, look at the volume traded on Oct 8 to 11, and the volume traded on Oct 12 onwards :) 17/10/2018 1.14 474,400 16/10/2018 1.13 766,100 15/10/2018 1.15 454,900 12/10/2018 1.15 874,400 11/10/2018 1.13 2,411,800 10/10/2018 1.12 2,064,100 09/10/2018 1.16 1,363,700 08/10/2018 1.13 4,841,600 05/10/2018 1.35 580,800 18/10/2018 10:03 Victor Yong If epf or tabung Haji starts to buy again, it would fly even before the announcement pertaining to the MRT 2 project :) EMPLOYEES PROVIDENT FUND BOARD 04-May-2018 Acquired 209,700 LEMBAGA TABUNG HAJI 30-Apr-2018 Acquired 300,000 LEMBAGA TABUNG HAJI 27-Apr-2018 Acquired 150,000 LEMBAGA TABUNG HAJI 06-Mar-2018 Acquired 224,300 LEMBAGA TABUNG HAJI 29-Dec-2017 Acquired 767,000 LEMBAGA TABUNG HAJI 10-Nov-2017 Acquired 575,800 LEMBAGA TABUNG HAJI 09-Nov-2017 Acquired 1,000,000 LEMBAGA TABUNG HAJI 08-Nov-2017 Acquired 1,000,000 LEMBAGA TABUNG HAJI 07-Nov-2017 Acquired 1,000,000 LEMBAGA TABUNG HAJI 06-Nov-2017 Acquired 376,200 LEMBAGA TABUNG HAJI 03-Nov-2017 Acquired 1,000,000 LEMBAGA TABUNG HAJI 02-Nov-2017 Acquired 44,800 LEMBAGA TABUNG HAJI 01-Nov-2017 Acquired 80,000 LEMBAGA TABUNG HAJI 31-Oct-2017 Acquired 1,000,000 0.000 View Detail LEMBAGA TABUNG HAJI 30-Oct-2017 Acquired 839,600 0.000 View Detail LEMBAGA TABUNG HAJI 27-Oct-2017 Acquired 712,900 0.000 View Detail LEMBAGA TABUNG HAJI 25-Oct-2017 Acquired 150,000 0.000 View Detail LEMBAGA TABUNG HAJI 16-Oct-2017 Acquired 294,200 0.000 View Detail LEMBAGA TABUNG HAJI 12-Oct-2017 Acquired 500,000 0.000 View Detail LEMBAGA TABUNG HAJI 18-Sep-2017 Acquired 225,300 0.000 View Detail LEMBAGA TABUNG HAJI 14-Sep-2017 Acquired 137,100 0.000 View Detail LEMBAGA TABUNG HAJI 13-Sep-2017 Acquired 500,000 0.000 View Detail 18/10/2018 14:38 Victor Yong Good4mmc :) KUALA LUMPUR (Oct 18): The Malaysian government will not be considering any proposals for new container ports, according to the Mid-term Review of the 11th Malaysia Plan 2016-2020 report. This decision was made "given the underutilised capacity of existing ports", said the report. Rather, existing port operators are encouraged to improve the services in enhancing competitiveness. "Among others, initiatives will be undertaken to improve the ranking of the main hubs, namely Port Klang and Pelabuhan Tanjung Pelepas (PTP), in the world's top 20 container ports," said the report. Meanwhile, the role of other existing ports will be streamlined to complement and support the main hubs in line with the National Port Strategy study in 2016, it said. "In addition, strategies will also be undertaken to improve land connectivity through road and rail networks and enhance capacity of ports through the construction of additional berths and wharves," it added. 18/10/2018 16:43 Victor Yong MMC should be privatised at this price level and relist in future like what astro did :). Monopoly in the port biz http://www.theedgemarkets.com/article/northport-gets-30year-extension-northport-southpoint-concession 19/10/2018 09:34 Victor Yong :) On target: Neelsen says PTP is on course to achieve its total throughput target this year. ISKANDAR PUTERI: Port of Tanjung Pelepas (PTP) is on course to see a 5% growth in its handling of twenty-foot equivalent units (TEUs) this year. Chief executive officer Marco Neelsen said PTP recorded a total throughput volume of 8.4 million TEUs last year an increase of 1.2% compared to 8.2 million TEUs in 2016. “This year, our total throughput target is projected at nine million TEUs and we are on course to achieve it as by the end of September, we already accomplished 6.6 million TEUs,” he said during a briefing at PTP headquarters here recently. PTP is a joint venture between MMC Corp Bhd , which has a 70% stake and APM Terminals (30%). Neelsen, who is from the German port city of Hamburg, said PTP is a success story where it has grown from a fishing village to be one of the world’s major ports since its inception some 20 years ago. “PTP is currently ranked at number 19 out of 20 busiest container terminal in the world and we are still young compared to other ports. “What is remarkable about this is the other ports that are ranked higher than us has a minimum of two or three terminals while we only have one,” he said. He pointed out that PTP also achieved a historic feat where a vessel from Shanghai, Mumbai Maersk, departed with a world record 19,038 TEUs for Rotterdam in August this year. Neelsen said the port development area consists of 1,416ha for port terminal and free zone area. He added that PTP has attracted investments worth of RM2.4bil in its free zone services and over 40 companies relocated their business there with over 11,000 workers. “Our free zone area totals about 641ha where the nature of business is warehousing and logistic as well as manufacturing,” he added. PTP has invested RM7.5bil in its terminal and installed eight new cranes costing US$9mil (RM37.4mil) each. 19/10/2018 10:07 Victor Yong net assets per share = RM3.13 as at 30.6.18... profitable.... but share price is about 1/3 of net assets per share :) 19/10/2018 15:41  |
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