Highlights
KLSE: MMCCORP (2194)       MMC CORP BHD MAIN : Transportation&Logistics
Last Price Today's Change   Day's Range   Trading Volume
1.65   -0.06 (3.51%)  1.64 - 1.77  30,027,800
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  11 people like this.
 
klseshare yes , i still believe on SCR as PNB most likely is a king maker and this SCR will not even started if PNB is not in favor , further more board has agreed mean also other major shareholders already in agreement . I as retailer had already registered to vote what say you
24/09/2021 1:01 PM
ziyang8896 My view is very high chance is the operator play games...same happened on 27/7 threw to 1.54,sold until no buyers will to come out.very scary,I was thinking finished already this time.The BOD must be objected the offer.Lucky finally nothing was happening.
24/09/2021 1:01 PM
ziyang8896 Of course everyone buys on own judge whether is worth to invest at this moment. Good luck !
24/09/2021 1:03 PM
klseshare very simple just follow the instruction available in MMC website and put in your CDS account plus your front and back IC copy , then from board room meeting website enrol for MMC EGM meeting that's all and waiting for 30th Sept to vote for your own pocket
24/09/2021 1:03 PM
DickyMe4 Post removed. Why?
24/09/2021 1:05 PM
ziyang8896 It cannot rules out that operator use short selling to scare retailers to throw out thier shares.. is that the possibility? Only God knows
24/09/2021 1:07 PM
ziyang8896 I think PNB no point to hurt investors if they not agreed for the deal sure they would turn down when asked for consent before the SCR was launched
24/09/2021 1:21 PM
rohank71 buy
24/09/2021 2:04 PM
sethoylo Don't anticipate too much. All possibility is there. if you believe the value of MMC just buy.. keep one or two year.. sure come to RM2 . ..investing is for long term.. If short term that call Ang Pow.
24/09/2021 2:20 PM
zombie20 wah..... who is disposing???
24/09/2021 3:13 PM
ValueInvesting For all old and new investors who wishes for the SCR resolution to be passed during the EGM on 30.09.2021, remember to register to for eproxy / attendance to vote "YES"!

If you have a direct CDS account, please register an account at https://investor.boardroomlimited.com/

If you have a nominee CDS account please contact your stock broker about how to register to for eproxy/attendance

Since this is a virtual meeting, we can easily do our part to push the SCR resolution towards success!
24/09/2021 3:31 PM
SincereStock @sethoylo if want invest for long term can enter after SCR fail lo, that time much more cheaper, now enter mainly is hope for SCR to pass only
24/09/2021 3:39 PM
SincereStock take RM2 and leave, why need to wait longer when you can take instant profit here and invest at other undervalued stock
24/09/2021 3:44 PM
kinuxian Risks and opportunities arise at the same time.

Seems like lower price will encourage more small retailers participate the EGM. However, it might too late for nominee account holders. Boardroom folks will have busy days ahead.

Better questions to ask why would major shareholders vote against, are opportunity cost, prolong waiting and uncertainty worth against the probability SM come back with better offer?
24/09/2021 3:58 PM
UncleFollower The irony

This exercise will only fail if it is so obvious that MMC has more than $2 to be realised by someone other than SM - so why worry when it comes lower and lower.
24/09/2021 4:14 PM
UncleFollower Back all in 1.64 thank you TSSM
24/09/2021 4:14 PM
UncleFollower Actually

We dont have to do our part to vote

SM already has the 75%

It's the 10% that can block which our vote wont help
24/09/2021 4:18 PM
kinuxian A majority in number of Entitled Shareholders and 75.00% in value to the votes attached to the disinterested MMC Shares that are cast either in person or by proxy at the forthcoming EGM.

Isn't it SM is excluded. He may got the nods from PNB and many of his friendly alliance. But if too many absentee, there maybe a surprise. No 10% block the deal but short of 75%.
24/09/2021 4:32 PM
UncleFollower yes u r right i am just assuming someone like SM already knows he has the 75%
24/09/2021 4:35 PM
i3lurker share price dropped coz some big boys believe it will fail

thats what it means
24/09/2021 4:35 PM
UncleFollower charts and momentum are not always right...at best 50/50 which means we cant tell at all whats happening behind the scenes. as u know very often a huge rise is preceded by a huge fall - and very often for no clear reason and fall till u scared and sell...

i3lurker share price dropped coz some big boys believe it will fail

thats what it means
24/09/2021 4:35 PM
24/09/2021 4:39 PM
UncleFollower like mmc right now 1.64 and below large queue but wont be surprised at all it falls to 1.54 then 1.44 lol
24/09/2021 4:40 PM
Benhobenhobenho Why the fall in prices if the scr is going to go thru? Shouldn't the share prices rise if the privatisation is going to be successful
24/09/2021 4:47 PM
SincereStock huge volume traded at 1.64- 1.65, who sell who collect?
24/09/2021 4:57 PM
kinuxian @Benhobenhobenho

When price is lower, there more incentive for retail shareholders turn up vote for (condition #1). And for those bought above RM2, its fresh reminder to them the opportunity cost where many of them are trapped for years.

To SM (via his friendly alliance), it may just cost him couple of hundred of millions but in return, they can own the MMCC billions cheaper. Remember market will always sort out its way when sudden lots of tickets flooded into market, support lines broken. Fund managers, traders, and margin call etc will do its work.

That is storyline for believer SM will strike the deal.

On flip side, the other storyline is deal will be failed and many just lock in profits first. After all, the one who hurt most is loyal shareholder who bought above 2 and those go in above 1.8 recently. They always can come back with lower entry price when panic sales started, and bet for fresh round of better offer from SM (if any)
24/09/2021 5:09 PM
kl2318 I bought 1.64/65.
24/09/2021 5:17 PM
sethoylo @Sincerestock.. Yes this I know. I would tell u I willing to bet, If lose this time than wait 1 to 2 year just consider long term investment. If win than get Ang Pow in short time..

At worse case at this price The most will go further down to 20% to RM1.3 if win you will get 23% at RM2.0.

worth to bet
24/09/2021 5:26 PM
DickyMe5 Post removed. Why?
24/09/2021 5:27 PM
SincereStock @sethoylo agreed, that what I am trying to do now too, but just minor side bet here, not going all in

only thing different is I think price can go lower to RM1.2 if SCR fails, but still worth the bet though

it is too tempting for me to reenter at this price, although knowing the risk is there
24/09/2021 5:59 PM
ziyang8896 Is weird to see the price keep on dropping.So far majority comments will vote FOR,even other analysts report also call to accept. Really can't understand,if fail,the price sure drop like hell..why not vote yes. Can't figure out the reason.
24/09/2021 6:15 PM
ziyang8896 Gain 20% vs loss 30% limit down.. don't forget the price keep lower supposed more favor to accept
24/09/2021 6:24 PM
benteo78 must register to vote FOR everyone
24/09/2021 6:45 PM
benteo78 don't wait wait wait...this is very crucial
24/09/2021 6:45 PM
Johnzhang I believe the SCR will get thru. Accordingly, I bought at $1.64 today.
The risk and reward is quite balanced at this price .
24/09/2021 7:05 PM
ziyang8896 Ha ha like election,your vote is very important.dont miss it! Don't think sure pass, must action to register and vote FOR
24/09/2021 7:08 PM
Good2harvest i also top up some at 1.65-1.69
24/09/2021 7:21 PM
Johnzhang The last similar ‘selldown’ also reached the low $1.64 on 27 July before rebounding to recent high of around $1.85.
24/09/2021 9:05 PM
UncleFollower those who bought from 22/9 onwards cant vote

exception can instruct broker pick up on T day dont need wait +2

still, those who bought on friday 24/9 onwards cant vote no matter what lol

benteo78 must register to vote FOR everyone
24/09/2021 6:45 PM
25/09/2021 3:06 PM
UncleFollower TSSM waited and waited and waited...until covid struck drove down MMC

At ths point EPF and Urusharta started selling down. Whether they sold on open market we dont know. Even if its on market transactinos it is likely TSSM who has been waiting has a bunch of nominees buying.

He was given time like never before. Almost a year for him to continue accumulation during which time EPF and Urusharta stake came down from 12-13% to 3%.
25/09/2021 3:09 PM
UncleFollower Having accumulated enough shares under friendly parties...and with PNB's consent, TSSM finally launched the SCR
25/09/2021 3:09 PM
UncleFollower MMC Top 30 used to own 90% of the shares back when I accumulated...only in 2020 this changed
25/09/2021 3:09 PM
UncleFollower The 75% threshold translates to 36.18% required of total outstanding shares of which 27.55% fall under the larger instituitions (not unit trust funds) which we all know have agreed

This leaves 8.63% of total outstanding shares only that has to be "controlled". This includes the unit trust funds who are likely to agree

8.63% cost less than $300M in that covid meltdown period. At $1 it's only about $258M

TSSM and friendly parties probably got it lower than $1 during the meltdown

After having confidence in control they finally launched the SCR
25/09/2021 3:14 PM
UncleFollower hope the above is true lol I just want $2 don't need $2.20 $2.40 $2.60 hahahaha
25/09/2021 3:14 PM
Syndicates interesting article to read on this week's the edge weekly.
"The influential Syed Mokhtar has had a good run since 2018, as he is seen to be close to former prime ministers Tun Dr Mahathir Mohamad and Tan Sri Muhyiddin Yassin. His position with the leaders of the ruling party puts him in good stead when it comes to dealing with institutions such as PNB. When He proposed the SCR, Muhyiddin was the prime minister. Now the government is under Datuk Seri Ismail Sabri"
25/09/2021 4:24 PM
ziyang8896 Good analyze@uncleFollower. Can't vote due to deadline list,but can takes it as abstain..no harm, at least reduce for the against vote. Many retailers unable to vote or lazy to register especially use rakuten account..need 14days before 30/9 to submit the proxy form.i believe many retailers have missed it.
25/09/2021 4:41 PM
WenJun Just stay calm guys, lower share price pre-EGM will only encourage more people to attend and vote for an instant near 20% profit. TSSM won't propose the SCR without blessing and consent from PNB and several other key shareholders. For an influential business guy like him, it's unlikely that he will do something with a high chance of failure.
25/09/2021 4:46 PM
ziyang8896 For me any political motives is totally nonsense.TSSM is one of the top bumi entrepreneur and philanthropist. Very good link to Umno,no matter who is PM, definitely will not interfere his business. This is not sell to foreign investors or local Chinese firm. Just fully back to his own hand.
25/09/2021 5:29 PM
dompeilee Price was stable @ 1.84-1.85 for many days. Then one afternoon it just broke the 1.82-1.84 Q-ing buyers & has not stopped falling since...Looks like insider trading...
25/09/2021 6:28 PM
ziyang8896 @dompeilee,how did you see the 27/7 price sold down like hell? Same pattern, few days keep on dropping before down to 1.54. at that moment
a lot of retailers said the BOD must be rejected the offer , sure is insider trading. Anyway, nothing is for sure...
25/09/2021 6:49 PM
Johnzhang GE is sometime next year. Leave you to think of all possibilities. Hahaha
25/09/2021 7:09 PM