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[转贴] [MMC CORP BHD,港口业务搞上市] - James的股票投资James Share Investing

James Ng
Publish date: Wed, 11 Apr 2018, 05:30 PM

[MMC CORP BHD,港口业务搞上市]

跟据https://themalaysianreserve.com/2017/07/27/mmc-list-ports-business-end-2018-early-2019/ ,马矿业要完成港口业务的重组,提高收费,和提升整体的价值;过后就会把港口业务搞上市。马矿业的MD Datuk Seri Che Khalib Mohamad Noh说已计划在2018年底或2019年初把营收最大贡献的业务上市。

前景:
Ports & Logistics部门预计所有的港口会有更高的营收。完成收购49%股份的Penang Port Sdn Bhd (“PPSB”)和计划收购剩下的51%股份预计会提高营收。这个收购会让马矿业在西马半岛北部有更大的影响力,也加强了马六甲海峡的影响力。营运和成本的整合会加强Ports & Logistics部门的表现。

现有的订单会提供Engineering & Construction部门的盈利保证,主要是由KVMRT-SSP Line underground work和Project Delivery Partner (PDP) role for elevated portion提供。此外,现有的项目如Langat 2 Water Treatment Plant, Langat Centralized Sewerage Treatment Project,和PDP role for Pan Borneo Sabah Highway也会提供盈利。

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James Ng

According to https://themalaysianreserve.com/…/mmc-list-ports-business-…/ , MMC Corp Bhd plans to complete the restructuring of its ports, seek revision of the handling tariffs and unlock further values before listing its port assets on Bursa Malaysia Bhd. MMC group MD Datuk Seri Che Khalib Mohamad Noh said plans are already underway to list the firm’s largest revenue contributor either at the end of 2018 or early 2019.

Prospects:
Ports & Logistics division is expected to register higher revenue across all the ports. The completion of 49% acquisition in Penang Port Sdn Bhd (“PPSB”) and the proposed acquisition of the remaining 51% equity interest is expected to contribute positively. The acquisition allows the Group to establish a strong foothold in the Northern region of Peninsular Malaysia and complement the Group’s strategic presence throughout the Straits of Malacca. Operational and cost synergies driven by MMC, would further enhance the financial performance of its Ports & Logistics division.

Substantial existing order-book provides earnings visibility for the Engineering & Construction division anchored by the KVMRT-SSP Line underground work and Project Delivery Partner (PDP) role for elevated portion. Furthermore, the earnings will be sustained by on-going projects namely Langat 2 Water Treatment Plant, Langat Centralized Sewerage Treatment Project and their involvement in the PDP role for Pan Borneo Sabah Highway.

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James Ng

 

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