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2021-06-16 16:48 | Report Abuse
Dividend and a good news coming, nothing to worry. Just see the very high volume traded!
2021-06-16 16:06 | Report Abuse
Now after PM road map on covid 19 , we are clearer about the like future scenario. Market always looks at least 6 months ahead if not longer. The past and present were fully discounted
2021-06-16 08:36 | Report Abuse
Very good balance sheet with very little short term debt and no long term debt. What more Picorp is giving dividend. Picorp is in the right industry: lab testing and environmental related services
2021-06-15 09:35 | Report Abuse
This is just the beginning of a better and bright future for those who can wait and understand this industry.
2021-06-15 09:32 | Report Abuse
Very steady climb for about 3 weeks. Excellent! Will continue as vaccination progresses.
2021-06-14 16:58 | Report Abuse
Slow but very very steady the price creeping up!
2021-06-14 15:34 | Report Abuse
It is not auditors responsibility to protect investors interest. They are just running a biz just like other biz. An external financial auditor’s responsibility is to express an opinion on financial statements and to ensure that documents are free from material misstatement. The vast majority of frauds were not discovered by external auditors any way.
The primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.
2021-06-14 10:23 | Report Abuse
Just look at Eden WB. It surges in both price and volume. The warrant will soon expire in August this year and the exercise price is 30 sen, way out of the money. Doesn’t this indicate something good will happen any time soon? A good omen, I must say.
2021-06-14 09:35 | Report Abuse
Only buy stocks that are undervalued with not only backed by net asset but with good future prospects. Invest not based past and current performance but in what you expect the stocks will do in at least 6 months ahead.
2021-06-12 16:14 | Report Abuse
At the current price well below 20 sen, it appears that Eden is what we call an excellent bet: with very little down side but huge upside.
2021-06-12 15:58 | Report Abuse
Don’t forget Eden 20 MW hydro power plant in Kelantan!
2021-06-11 15:24 | Report Abuse
Now too late for building yet another glove factory! Very likely to be slaughtered by the existing big players in the future scenario of declining demand and increasing supply.
2021-06-11 10:07 | Report Abuse
Slow but very steady climb. Market looks to the future not the past or even the present.
2021-06-09 18:12 | Report Abuse
It is true this is a good company in the right industry with good growth and future prospect. However sadly the current stock price being depressed mainly due to the company issuing large number of unfairly cheap ESOS at only 59.5 sen to Directors/major shareholders .
2021-06-08 15:39 | Report Abuse
Just look at the Airport. Price had been climbing up steadily! A good indication of air travelling coming back soon any time. Market looks to the future of at least 6 months ahead. The past and even the current state are already irrelevant.
2021-06-08 13:55 | Report Abuse
Airport is getting bullish now in expectation of return of air travel any time soon as vaccination is gethering momentum but Air Asia seems to lag behind . However sooner or later Air Asia will certainly catch up. Time load up !
2021-06-08 11:17 | Report Abuse
Westport with only 1 port currently has market capitalisation of rm 14.7 b while MMC with 5 + 1 ports plus other big biz has market capitalisation of only rm 5.5 b . Go and figure it out.
2021-06-08 10:57 | Report Abuse
Those who are rational and knowledgable with the right temperament will always attract fortune
2021-06-08 10:54 | Report Abuse
What makes this arbitrage game is lucrative is the very low funding cost which are readily available.
2021-06-08 10:51 | Report Abuse
The smart big boys and fund managers are very likely playing this risk arbitrage game! Such opportunity doesn’t come often. Fortune favours the brave ones
2021-06-08 10:46 | Report Abuse
If you have the fund, buying at the current level which is far below offer price of 200 is a good bet to make some gains with little risk.
2021-06-08 10:38 | Report Abuse
If minority thinks that 200 is fair price, they will be paid 200. If minority reject as too low price, Offeror may offer higher price. If the offer fell through for whatever reasons, the price of MMC very likely remains over 200 as the intrinsic value is far exceeded the offer price of 200
2021-06-07 16:38 | Report Abuse
There is no reason why Jaks will not exercise this option to raise its interest to 40%. The construction is already completed and the plant has been successfully commissioned and running. Hardly any more substantial risk left but only rewards moving forward ! I do strongly believe Jaks investment in the Vietnam IPP will be well rewarded in the coming 25 years.
2021-06-06 10:15 | Report Abuse
This offer of RM 2 per share will depend on minority shareholders to reject or accept it. If the minority shareholders reject the offer, the Offeror has the option to raise the price to make the offer more attractive or abandon the offer altogether. If the Offeror really want to privatize MMC as the Offeror believe that it can create or get more value than the price offered, the Offerer will likely raise the offer price. The minority shareholders have to make the right guess on what will be the likely scenarios moving forward.
2021-06-05 16:20 | Report Abuse
Agreed very likely there won't be any competing offer as the current Offeror has absolute majority control but if the Offeror really want to privatize MMC, the Offeror may have to up the offer price if minority shareholders reject the current offer price.
2021-06-05 15:59 | Report Abuse
Singapore Exchange has recently changed take the over rule. The offer must not only be reasonable but must also be fair i.e. the exit price offered must be not lower than revised net asset value per share.
2021-06-05 13:16 | Report Abuse
Just wondering why the insiders were selling?
2021-06-05 13:05 | Report Abuse
Of course if the Offeror really want to take MMC private because it thinks MMC intrinsic value is more than RM 2 per share, the Offeror may likely have to raise the offer price in order to make the offer successful.
2021-06-04 07:43 | Report Abuse
Major shareholders/Directors were busy selling may be to buy more cheap shares at only 59.5 sen via ESOS.
2021-06-03 20:48 | Report Abuse
The worst thing that can happen to MMC when the free float is less than 25%, it will be delisted from Bursa and the minority shareholders will get completely trapped !
2021-06-03 20:34 | Report Abuse
Don't ever try to be greedy. Best to move on looking for other undervalued stocks which currently quite a number exist. Choose an undervalued stock, make some money and repeat the process and you will be on the way to prosperity. Current pandemic offer good opportunity to those who are clear headed.
2021-06-03 20:29 | Report Abuse
For the minority, it is in their best interest to see the proposal successful. If it fails, the price will likely to fall back prior to the announcement. In this instance, what i3lurker said is sadly quite true. No contending offer will happen as the current offerer has absolute control of MMC. If this exercise fails, minority will get nothing to gain but losses.
2021-06-03 18:15 | Report Abuse
Those who bought structured call warrants will have a huge celebrations !
2021-06-03 18:13 | Report Abuse
Syed Mokhtar has done similar thing much earlier. He has taken Malakoff private and later on relisted it on the stock exchange.
2021-06-03 18:09 | Report Abuse
It is a good offer as MMC has been trading ridiculously much below the offer price. Those who think the offer is below fair value should have sold his house and every things else to accumulate the stock earlier. MMC has been valued and traded in the market at ridiculously low price and those who are smart enough buy earlier I am sure will make a good gain and likely to move on to the next stock, so to speak.
Best to move on to other undervalued stocks in the market, and currently there a number of very good stocks misunderstood or undervalued by the market.
2021-06-03 17:41 | Report Abuse
No need to question about the war chest. These people must has done their work and knew what they are doing.
2021-06-03 17:38 | Report Abuse
I hope those who are rational and clearheaded gain from this offer !
2021-06-03 17:35 | Report Abuse
Didn't I wrote earlier that MMC with 5 Ports in Malaysia plus 1 in Jeddah together with a number of strategic and significant other bz is only valued a fraction of Westport that has only one port ?
2021-06-03 15:50 | Report Abuse
If we do our home work we should knew that MMC is much undervalued as I mentioned a few times earlier.
2021-06-03 15:07 | Report Abuse
Just wait for the news, no worry at all ! All is well and good !
2021-06-03 15:01 | Report Abuse
Nothing to worry at all, just wait for the news !
2021-06-03 08:36 | Report Abuse
Lately we observed that big local institutional investors were selling down Westports. May be this is good for MMC which is much under appreciated and under valued.
2021-06-02 12:24 | Report Abuse
ImmortanJoe, what you said is absolutely make sense !
2021-05-31 11:53 | Report Abuse
MMC own and operate 5 ports in Malaysia and 1 in Jeddah. MMC also own Malakoff, Malaysia largest IPP with international assets, and Gas Malaysia Bhd. Don't forget MMC is also a big infrastructure contractor and has various other biz such as logistics, waste management and environmental services,
Just for quick comparison: Market value of MMC is only about RM 3,5 b compared to that of West Port of about RM 14.8 b which only has one port. Go and figure it out yourselves what to do.
2021-05-30 12:32 | Report Abuse
observatory, I could not agree more on what you wrote. Well written and argued !
2021-05-25 12:00 | Report Abuse
Core biz is in the environmental services and laboratory testing.
2021-05-25 09:35 | Report Abuse
Must remember PICORP is profitable and always give some dividend !
2021-05-25 09:23 | Report Abuse
Just need to be little patient
Stock: [PICORP]: PROGRESSIVE IMPACT CORPORATION
2021-06-16 20:23 | Report Abuse
Div 0.3 sen x date 30 June