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Overview
Financial Highlight
HeadlinesBusiness Background MMC Corp Bhd is a Malaysian utilities and infrastructure group with ownership stakes and operations in the shipping, energy, and construction industries. MMC segments its operations into Ports and Logistics, Energy and Utilities, and Engineering and Construction business units. The company generates substantial portions of its total income from each of these divisions. Ports and Logistics owns and operates some of Malaysia’s largest container port terminals and provides logistics services. Energy and Utilities primarily generates revenue through the generation of electricity in its coal-fired power plants. Contract revenue associated with the Engineering and Construction group’s infrastructure projects, which include subway and sewage systems, represent its primary revenue stream.
  Armada An Quantum Leap Stock In 2019/2020 Unable to perform yet, due to unstable macro currently. Aborting trade and stay away 1st. 29/08/2019 11:12 AM  solcsy THE plan to break Malaysia Airports Holdings Bhd’s (MAHB) near monopoly and open up the airport sector to new players faces a delay as the government is still finalising details of the four new operating agreements (OAs) it entered into with the airport operator in April. Two months have passed since the initial June deadline announced by Transport Minister Anthony Loke in April for his ministry and MAHB to finalise the OAs, which set the legal framework for the latter to run the 39 airports in the country. “The new OAs have not been signed yet. The government and MAHB are still negotiating the terms,” the Ministry of Transport (MoT) tells The Edge via email. Saying there is no delay, MoT attributes the slow-moving negotiations to both parties being “very careful” as they are responsible for protecting their respective interests. The ministry now expects the OAs to be finalised by the end of the year. An MAHB spokesman confirmed that the OAs had yet to be finalised, adding that management was unable to comment on the issues causing the delay in its talks with MoT. “Until the new OAs have been signed off, private investors may want to hold off making formal commitments to invest in existing airports managed by MAHB,” a source familiar with the matter tells The Edge. “Nevertheless, a delay is unlikely to affect MAHB’s financial performance as the airport operator can continue to operate under the present OA and be profitable. “The only issue might be funding for airport expansion, which will be resolved with the implementation of the regulated asset base (RAB) framework by the Malaysian Aviation Commission (Mavcom),” the source says. MAHB’s net profit growth has accelerated for four straight years since its financial year ended Dec 31, 2015 (FY2015). It saw its FY2018 net profit triple year on year to RM727.3 million, on the back of a 4.3% year-on-year increase in revenue to RM4.85 billion. Mavcom, which is scheduled to announce new aeronautical charges based on the RAB framework by October, does not expect the setback in the new OA negotiations to derail the rollout of the new aeronautical charges nationwide come Jan 1. “While the OAs provide input for the structuring of the RAB framework, the issue of structuring the OAs is separate from the issues of capital and operating expenses required for the airport network and the aeronautical charges for the airports,” a Mavcom spokesman tells The Edge. Meanwhile, the deadline for feedback from the industry on proposals in Mavcom’s second consultation paper on the aeronautical charges framework closed on July 18. “Following completion of the one-month consultation period, Mavcom is undertaking an in-depth analysis of the feedback gathered to determine the new aeronautical charges — including the passenger service charge (PSC), landing fee and aircraft parking fee — that will best serve consumers and the industry. “Our consultation processes, including the most recent one, elicited 25 significant responses from airports, airlines, international industry associations, investors, financial institutions, rating agencies and other stakeholders on our development of the framework,” says the spokesman. In the second consultation paper, which was released in June, Mavcom proposed three tariff structures: (i) according to the individual airport’s service levels and infrastructure; (ii) based on four clusters (geographical regions); and (iii) also based on four clusters, but the PSC for Asean is equalised with the international rates from the current RM35. The domestic PSC is also raised to RM14 from RM11 currently. In April, the government announced four new OAs with MAHB — one each for the Kuala Lumpur International Airport (KLIA), designated airports in Peninsular Malaysia and airports in Sabah and Sarawak, which replaced two previous OAs signed in February 2009. Loke was quoted as saying in April that the new OA framework would enable the private sector to collaborate with MAHB and invest in airport developments, thus reducing the government’s financial burden. The only other airport operator is MMC Corp Bhd, via its subsidiary Senai Airport Terminal Services Sdn Bhd, which manages the Senai International Airport in Johor and Kertih Airport in Terengganu. The minister had also told The Edge in a May 13 interview that he had met with several European airport operators who were keen to invest in Malaysian airports. Out of the 39 airports managed by MAHB, only seven are currently making a profit — KLIA, Penang, Langkawi, Kota Kinabalu, Kuching, Subang and Miri. The 18 short take-off and landing ports that connect rural areas are loss-making and are being cross-subsidised by MAHB’s profitable airports. The new OA framework would also give the government and MAHB flexibility in provisioning airport development projects through several financing models, such as RAB, Airport Real Estate Investment Trust, Airport Development Fund or other mechanisms to be set 02/09/2019 8:51 PM solcsy Mmccorp is a qualified local private sector company which collaborate with MAHB for developing each airports in Malaysia. 02/09/2019 8:59 PM rasyid7 SATSSB under MMC is it ? if SATSSB can manage more airport will bring benefit to MMC ? since MAHB is falling ... 18/10/2019 9:53 AM prince4 Mahathir让大马能发展有自己的科技公司搞多媒体走廊（MSC）1996年。 很多是科技公司以前都是开发信息技术和其他都是开发未来的技术。 1999年就成立Mesdaq Market 本来都是给这些科技公司有一个平台筹资发展下去。 Abdullah那时候国家发展计划路线目标主要是种植棕油和油气下游业双油贡献国家发展。 Najib那时候国家发展计划路线是做大型建筑建设拉动和房地产来贡献国家GDP。 2009 把 Mesdaq 改成科技版（Ace market.) Najib 知道美国有大量页岩油，油价不会像以前那样高了USD 100一桶油。国家不能在依赖油贡献GDP也不能再依赖双油，油气业面临冲击要转型用数码经济推动国家发展。Najib推出国家数字经济转型大蓝图2016-2025，2017年开跑数码经济。 数码经济是能让企业降低成本，推动企业效力和推进国家进步增长一种方式。 成立 DFTZ 在推进电子商务和想要把马来西亚变成东门的logistic hub 。 2018年 换政府了又到我Mahathir 做首相，Abdullah 和 Najib 你们这两位马来大神做首相难道不懂国家要强要做先进国，发展科技是很重要的吗？ Abdullah 没推动科技业“不知不觉” ，Najib 后期才要搞数字“后知后觉”才要马来西亚转型。 我Mahathir 18年前就知道了“先知先觉”。 2019 Mahathir 他老人家又要搞回他未完成的心愿继续搞回他的大马硅谷，支持5G也用5G，创立绿色能源国产车和工业4.0。 你们Abdullah和 Najib“一位没有搞科技...一位后来才要搞数字 ，我Mahathir 两个都跟你搞完“ 科技+数字”。 Mahathir 比中国早知道搞科技，结果那两位不听话没延续我的计划，搞到现在要学中国那样搞数字经济推动国家发展。Mahathir也知道, 新一个浪潮革命发动，发达国家走工业4.0 来推动未来的经济。物联网时代将领大马也不能不跟着世界的脚步走。 Mahathir 我不是财政部长了 ,我的两位新大神徒弟guan eng华人神和gobind singh印度神在按照我的路走...国家发展计划是工业4.0 ，数字化，216亿做大型基础通讯。 18/10/2019 3:44 PM newbie911 Wesport port division net profit up. Mmc port division should b doing good as well. Wondering why market treating mmc like construction company? 05/11/2019 9:06 PM gghaha epf need lot money for year end bonus....so will non stop selling gala.... 06/11/2019 3:16 PM TopEarn1 guess to topup only. But the share price quite unusual, business is so good. 06/11/2019 9:44 PM mcmann i still wonder whats wrong with this company betul teruk, share price keep going down 07/11/2019 6:58 AM OneSmallStep This stock has exhibited down and up pattern several times within a year. It pays dividend too... I donot think there should be much worry... since the company performs well. The challenge is to time the up and down. All the best... 07/11/2019 8:15 PM wilsonchan87 MMC got chance. https://www.klsescreener.com/v2/news/view/599480/msci-drops-four-constituents-and-adds-nine-to-malaysia-index 08/11/2019 1:47 PM Cockroach Paul Lee In year 1999 share price 0.80.......2019 0.99.......this MMC ......mamacry 11/11/2019 1:12 AM mcmann cockroach thanks for info meaning it is good price to buy now. gas malaysia good QR lets wait for mmc QR 14/11/2019 9:14 PM tatwaiwong wow!!!!!!! two funds drop drop so many share in market......wow wow wow lao ya 21/11/2019 7:52 PM  |
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