MMC one of few stocks which wont be affected by MCO or local covid cases as its port business is mainly transhipment

This is defensive stock

after so much of articles...elephant managed to move up 1 cent! LOL...

better than nothing

March’s Suez Canal blockage “will be nothing compared to the [supply chain] disruption coming from being unable to change crews”, said Mark O’Neil, president of InterManager, which represents the crew management industry.

Last summer, about 400,000 seafarers were stranded at sea beyond their contract length because of the pandemic. While that number has fallen, fears are growing due to the global surge in coronavirus cases since March.

“If the travel restrictions continue as they are, we could once again be in a similar situation to the global crew change crisis that we saw in 2020,” said Niels Bruus, head of marine human resources at Maersk, the world’s largest container shipping company.

..........

China will be forced to replace shortage from India, all ports enroute from China to Europe will be super congested....

India’s Covid surge rocks global shipping industry

https://www.ft.com/content/cf40d764-6ab6-4638-bea6-594cc3cd5d53

Ports around world turn away vessels as crew from south Asian country contract disease

Ports including Singapore, pictured, have barred ships from changing crew members who have recently travelled from India

India’s huge wave of Covid-19 infections has hit the international shipping industry, which relies on the country for seafarers, as crews come down with the disease and ports deny entry to vessels.

Ports including Singapore and Fujairah in the United Arab Emirates have barred ships from changing crew members who have recently travelled from India, notices from maritime authorities show. Zhoushan in China has banned the entry of ships or crew that have visited India or Bangladesh in the past three months, according to Wilhelmsen Ship Management, a crew provider.

Industry executives also said that crews coming from India were testing positive for Covid-19 on ships, despite quarantining and testing negative before boarding.

“Earlier we had ships that were infected with one or two people,” said Rajesh Unni, chief executive of Singapore-based Synergy Marine Group, which provides ship crew. “Today, we have a scenario where whole ships are being infected very quickly . . . which means the ships themselves are immobilised.”

India on Thursday reported more than 410,000 Covid-19 infections and almost 4,000 deaths over the previous day. A surge in cases has broken global records and overwhelmed health systems.

India’s wake up call to the world

South Africa’s port authority said a vessel that arrived in Durban from India this week was quarantined after 14 Filipino crew tested positive for Covid-19. The ship’s chief engineer died of a heart attack.

Along with the Philippines and China, India is one of the world’s largest sources of sea crew. About 240,000 of an estimated 1.6m seafarers globally are from the country, according to International Chamber of Shipping, an industry body

Singapore, a big shipping hub, has widened its ban to cover crew from countries including Pakistan and Bangladesh.

Executives warned the restrictions could send shockwaves through the stretched shipping industry, which transports 80 per cent of global trade, according to UN data.


March’s Suez Canal blockage “will be nothing compared to the [supply chain] disruption coming from being unable to change crews”, said Mark O’Neil, president of InterManager, which represents the crew management industry.

Last summer, about 400,000 seafarers were stranded at sea beyond their contract length because of the pandemic. While that number has fallen, fears are growing due to the global surge in coronavirus cases since March.

“If the travel restrictions continue as they are, we could once again be in a similar situation to the global crew change crisis that we saw in 2020,” said Niels Bruus, head of marine human resources at Maersk, the world’s largest container shipping company.

“The situation has gone from bad to worse when it comes to crew changes. And that’s an understatement,” said Carl Schou, chief executive of Wilhelmsen, which sources 15 per cent of its approximately 10,000 workers from India. 

The Norwegian-owned company stopped crew changes in India from April 24 until at least the end of May. Schou added that Covid-19 test results for Indian sailors were not coming through in time for their scheduled departures since “the whole health system has basically collapsed in India”.

Bernhard Schulte Shipmanagement, a German crew management group, said it was temporarily drafting in seafarers from other nations to replace Indians disembarking or scheduled to board ships.

Shipping executives said that seafarers needed to be prioritised in the global vaccination rollout as countries introduce inoculation requirements to enter. But they have been frustrated by the slow pace of efforts to secure jabs through the International Maritime Organization, the UN body responsible for shipping.

“We’re simply tearing our hair out with the bureaucracy and political ping-pong going over this issue of vaccinations,” said O’Neil.

u misunderstood...no one saying as a red flag, but as a positive factor

Posted by joyvest > May 7, 2021 12:09 AM | Report Abuse

What's the wrong with high trade receivables? As long as they are collectable and are not impaired, there is no cause of concern.. today its just a correction following dividend.it will be resumed as usual tomorrow or so.....no big deal

cash flow, not profit

Posted by AdCool > May 6, 2021 11:38 PM | Report Abuse

nobody noticed how high is the trade receivables minus the trade payables. This is the hidden amount which yet to be reflected in the net profit.

Cosco Shipping Ports Q1 profit soars 140pc to US$73 million

MAINLAND China's international port operator Cosco Shipping Ports announced that net profits in the first quarter of the year surged 140

https://www.seanews.com.tr/cosco-shipping-ports-q1-profit-soars-140pc-to-us-73-million/189665/

Post removed.Why?

shared 16April BIMB report via Messenger to you
i dont have report after the results

Posted by Dakewlest > May 6, 2021 8:49 PM | Report Abuse

Anyone can share the report from BIMB? I searched but could not find it.

COPENHAGEN, May 5 — Danish shipping giant AP Moller-Maersk said today that it booked record earnings in the first quarter on the back of surging demand during the coronavirus pandemic.


For the first three months of the year, the world’s biggest freight company posted net profit of US$2.7 billion (€2.3 billion).

That is almost as much as the group made in the full-year 2020 and a 13-fold increase over the figure for the first quarter of 2020, Maersk said in a statement.

Sales, which were already announced at the end of April when the group raised its 2021 full-year targets, rose by 30 per cent to US$12.4 billion.

“Strong demand led to bottlenecks, as well as lack of capacity and equipment, which drove up freight rates to record high levels,” said chief executive Soren Skou.

Maersk said it would launch a new US$5-billion share buy-back programme over the next two years.

As a result of the pandemic, demand for shipping has surged since mid-2020 and especially since the end of the year, in particular from Asia to the US and Europe.

Shipping companies and analysts attribute the rise to consumers purchasing more manufactured products, instead of spending their money on trips and restaurants and other experiences.

Additionally, many companies are still in the process of restocking after reducing their orders in the first months of the pandemic.

On some routes, primarily those from Asia, some container rates have been tripled or even quadrupled.

In March, the situation was aggravated further by the six-day blockage of the Suez canal, which caused major traffic jams for vessels and held up an estimated US$9.6 billion worth of cargo between Asia and Europe each day.

Why above news of MAERSK matters to PTP

https://theloadstar.com/surge-in-transhipment-traffic-pushes-port-of-tanjung-pelepas-to-a-new-record/

Malaysia’s port of Tanjung Pelepas (PTP) saw 8% growth in 2020, to a record-breaking 9.8m teu, making it an outlier among South-east Asia’s competing transhipment hubs.

The growth the port, which is operated by Maersk subsidiary APM Terminals as the carrier’s key transhipment hub in the region, came despite global economic uncertainties and the Covid-crisis .

PTP CEO Marco Neelsen explained the reasons: “A surge in extra transhipment volumes, due to the increased demand in Asia and Europe, and requests from customers to increase their throughput at PTP.”

He said the second-half of the year had seen the opening of more borders and the revival of the global trade economy for the China, transpacific and Europe regions.

Maersk books record profit on surging freight demand

Wednesday, 05 May 2021 04:07 PM MYT

https://www.malaymail.com/news/money/2021/05/05/maersk-books-record-profit-on-surging-freight-demand/1971867

Post removed.Why?

All eyes are also on its planned RM18 billion Lotte Chemical Indonesia New Ethylene (LINE) project as it would propel LCT to become one of top three petrochemical companies in the region.

TITAN will be way much bigger than RAPID (slow coach), it will dictate the market pricing

When economy opens, polyethylene product demand will shoot up (for sure) while its raw material Naptha price rise will be capped by the increase in oil production in line with rise in oil demand in parallel.

The above is the secret market haven't realize

Lotte Chemical Titan making a comeback

https://www.theedgemarkets.com/article/lotte-chemical-titan-making-comeback

all GLC selldown today looks like

actually it should have limit up on wednesday....

Penang Port receives its first transhipment

Friday, 30 Apr 2021

https://www.thestar.com.my/news/nation/2021/04/30/penang-port-receives-its-first-transhipment?utm_source=Smartech&utm_medium=email&utm_campaign=dailynewsalert&utm_content=20210430&__sta=vhg.hhksexjsjnibsjskmsj%7CFJVV&__stm_medium=email&__stm_source=smartech

it means transhipment demand is overflowing from PSA to PTP and even up to Penang...

westport green...mmc sleeping

https://www.argusmedia.com/-/media/Project/Common/blog/posts/uploads/2021/03/20210311-asian-pp-prices-rise-by-more-than-50pc-from-a-year-ago.ashx?h=328&w=560&la=en&hash=41CB633F20F755B2E5E4996622D7CF0314F3745D

The real spike in prices only started in March (revenue is only recognized upon CFR delivery), you will see the effects in next qtr

the best is yet to come

https://www.theedgemarkets.com/article/lotte-chemical-titan-expects-outlook-improve-strong-polymer-product-asps

Hence, the company expects an improved overall outlook for the petrochemical industry as its key polymer products have seen surging prices, with market polymer ASPs up to US$1,100 (RM4,461.60) per metric ton in the fourth quarter of 2020 (4Q20) and expected to rise above US$1,200 per metric ton in the first two months of 2021.

This came after polymer ASPs hit a trough in 2Q20 during the height of the global Covid-19 pandemic, when the market’s polymer ASPs fell to around US$800 per metric ton.

Park noted that two of the company's key products, namely low-density polyethylene (LDPE) and polypropylene (PP), are currently fetching significantly higher ASPs of around US$1,550 per metric ton (as at end February 2021) — the highest since the industry experienced a downturn beginning 2018.

..............

current ASP avg of LDPE and HDPE (referring to sunsirs chart) is about CNY 10,050 which translates to USD 1,550

as such next qtr results should be even better than current

another 10% rise in ASP on coming qtr results?

http://www.sunsirs.com/uk/prodetail-295.html

Operating profit/(loss) before working capital changes: 633,045

which company can provide u this much cash per qtr

even if its eps is 10 cents...its pretty impressive as oil price can only go lower compared to last qtr - further widening the margin spread between product and raw mat

https://www.malaymail.com/news/money/2021/04/22/coffee-gives-nestle-first-quarter-boost/1968700

Austria will only use Sputnik V vaccine after EMA approval, Kurz says

https://www.reuters.com/article/health-coronavirus-austria-sputnik-idUSL1N2MC0N6

Gas tariff risen, PTP Port tariff risen with further upward pressure from PSA tariff rise by 6% end of the year, Strengthening its Northport with BCC acquisition, Port having high utilization rate due to transhipments and TEUs demand to rise 9% annually organically, Senai land slowly reflecting its value.....

Boost from MRT3 project directly (via MMC gamuda) and indirectly by giving all of its ports strategic advantage...

Inflation from excess money in the market....

MMC CORP appears a no brainer...just give it time

So Aminvest upgrade TP from 1.51 to 1.68 then... good!

30k viewers x each 200k capital = 6 billion money coming in...

thanks sifu

Posted by fengpinglangjin > Apr 19, 2021 11:28 AM | Report Abuse

https://www.facebook.com/100386988151214/posts/309199870603257/

Investor briefing 8pm tusday.
Dun miss..

russia now friends with every country in the world...

Europe and american had prejudice on russian vaccine earlier...its proving to be one of the best and cheapest vaccine available

https://www.thestar.com.my/aseanplus/aseanplus-news/2021/04/18/demand-from-china-spurs-surge-in-singapore-exports

Sputnik V's approval came as India overtook Brazil to become the country with the second-highest number of cases globally.

https://www.bbc.com/news/world-asia-india-55748124

Opec sees rising oil demand as it plans to open taps
Tuesday, 13 Apr 2021

https://www.malaymail.com/news/money/2021/04/13/opec-sees-rising-oil-demand-as-it-plans-to-open-taps/1966227

Up to 6% Rise in Singapore Port Dues

https://shipandbunker.com/news/apac/849518-up-to-6-rise-in-singapore-port-dues-next-year

PTP should benefit being placed within same area

RM4.43b - 1.35b = 3.08b gain in land value

3.08b is about RM 1 per share (GAIN ALONE!)

Thanks for the info petnch2020

Posted by petnch2020 > Apr 9, 2021 10:25 PM | Report Abuse

MMC is carrying this land at RM1.35bil in its book or at RM0.7mil per acres.

The price of the recent announce disposal land to Shengda New Energy and the other E&E companies were transacted at RM2.17 mil per acre. This would value the total land for development of Senai Airport City at 2,043 acres x RM2.17mil = RM 4.43 bil. This would translate to RM1.46 per share.

The Port of Tanjung Pelepas (PTP) is expected to register a spike of cargoes over the next few weeks due to the Suez Canal blockade

https://www.thestar.com.my/business/business-news/2021/04/08/ptp-to-benefit-from-cargo-spike-due-to-suez-canal-blockade

https://themalaysianreserve.com/2018/01/24/mmc-gamuda-gkent-strong-contender-mrt3/

“MMC-Gamuda’s expertise in tunnelling work bodes well for its chances, as 80% of MRT3’s alignment would be underground,” RHB Research noted in a report on Monday.

The consortium members have under their belts experience as the PDP in two prior MRT lines, the LRT3, as well as tunnelling works for MRT1 and MRT2.

Tunnelling experience and the ownership of tunnel-boring machines are key advantages of the MMC-Gamuda-GKent JV, RHB Research added, considering that 80% of works are slated to be underground works and the remaining 20% are elevated works.

Third MRT line approved

https://www.thestar.com.my/news/nation/2021/04/04/third-mrt-line-approved

"Dr Wee, who congratulated MRT Corp, turnkey contractor MMC Gamuda, and other contractors for the good progress under Phase 1, said the Putrajaya line covered some of the mostly densely populated areas such as Sri Damansara, Kepong, Jinjang and Kampung Batu, and would bring much benefit to the people."

sifu, please msg me when your next article is out
my email id: i3investor1@gmail.com

Wee: Cabinet gives green light to MRT3 line suspended by Pakatan govt

3rd April 2021

https://www.youtube.com/watch?v=FscXcurywy4


Kuala Lumpur plans for metro line three

19th Nov 2020

https://www.tunneltalk.com/Malaysia-19Nov2020-MRT3-plans-for-Kuala-Lumpur-metro-are-proceeding.php

At about 40km long, Line 3 was in planning and design under the previous national government administration of Malaysia and has an estimate of US $11 billion, with a significant section in the centre of Kuala Lumpur running underground. The line was planned as a circle line to integrate the public transport system in the Klang Valley (Fig 1).

At the end of 2018, the MMC-Gamuda JV, which completed Line 1 and is currently completed Line 2, resubmitted an alternative proposal for MRT Line 3.

The proposal stated construction could take place in several phases, with the first phase costing about $5 billion.

Ok thanks targeted, will surely add some

Gas Malaysia announces new natural gas tariff hike (30% owned by MMC CORP)

Wednesday, 31 Mar 2021

https://www.thestar.com.my/business/business-news/2021/03/31/gas-malaysia-announces-new-natural-gas-tariff-hike

https://www.klsescreener.com/v2/news/view/809839/%E5%A4%A7%E9%A9%AC%E6%B0%94%E4%BD%93-%E5%A4%A9%E7%84%B6%E6%B0%94%E5%88%86%E9%94%80%E8%B4%B9%E8%8E%B7%E5%87%86%E8%B0%83%E9%AB%9817%E4%BB%99

Suez canal just opened...Ever Given is floated and moved aside!

Tanjung Pelepas Port has one advantage over Ports of Singapore:

April 1, 2019

https://www.nst.com.my/business/2019/04/474902/tanjung-pelepas-port-has-one-advantage-over-ports-singapore-analyst

In terms of published tariffs for transhipment cargo, MIDF Research said PTP offers competitive tariffs for transhipment cargo.

“Published transhipment tariffs are slightly higher than Port Klang but are around 40 per cent cheaper than PSA,” it said.

As such, the transhipment tariffs imposed at PTP strike a balance between its peers between price and efficiency, it added.

MIDF Research said MMC’s Johor Port Bhd (JPB) was working closely with authorities for around 30 per cent hike in tariffs at Johor Port.

......................

Westport gross profit is about 115m per million TEUs

Tanjung Pelepas Port transhipment TEUs for Q4 2020 TEUS exceeded Q3 2020 by 354k.

North Port TEUs for Q4 2020 was also record high

spectacular earnings shown last qtr was significantly contributed by improvement on efficiency

PTP have a lot of room for raising their tariffs considering they are 40% cheaper than Singapore port

MISC shipping routes:

https://misc.com.my/media/2238/terminals_called.pdf

Same demand, longer routes, more service charges

https://www.cnbc.com/2021/03/25/suez-canal-cargo-ship-blockage-could-cause-problems-for-the-globe.html


The winners
...........

The canal blockage is certainly not bad news for everyone — spot freight rates are set to jump even higher on pent-up demand, making money for the operators, market watchers say.

“A more prolonged closure of the Suez Canal would see container shipping as the biggest beneficiary, while tanker, dry bulk and air cargo might also see some higher rates,” wrote JPMorgan, describing the tightening of shipping rates “as a upside risk.”

Who is set to benefit most? JPMorgan highlights Asian liners, saying that despite higher bunker costs due to longer rerouted journeys and increased congestion, they expect higher spot freight rates. “This instead of hurting profitability is expected to be positive for bottom-line for Asia liners, in our view,” the bank wrote.

Petronas becomes world’s first to produce LNG from two floating facilities

25 Mar 2021, 5:50 PM

https://www.thestar.com.my/business/business-news/2021/03/25/petronas-becomes-worlds-first-to-produce-lng-from-two-floating-facilities

The cargo was loaded onto the Seri Camar LNG Carrier operated by MISC Bhd for shipment to Petronas LNG Buyer in Thailand, it said in a statement today.

"Similar to our flagship floating facility, PFLNG Dua's mobility will allow us to unlock even more marginal and stranded gas fields in the future, providing Petronas with new and sustainable sources of LNG to meet the growing demand for cleaner energy," he added.

Malaysia's Petronas Chemicals pins hopes on Saudi Aramco JV
Petrochemical and refinery project in Johor expected to boost output and profits

March 25, 2021

https://asia.nikkei.com/Business/Energy/Malaysia-s-Petronas-Chemicals-pins-hopes-on-Saudi-Aramco-JV


Malaysia Pengerang refinery to boost demand for tankers: experts

https://www.nrgedge.net/article/1520123341-malaysia-pengerang-refinery-to-boost-demand-for-tankers-experts


MISC's tankers

https://www.aet-tankers.com/business-solutions/