Why so happy to see a British Virgin Island Registered Company to bought over the stake?? Any Ah Beng or Ali can set up an offshore company registered in BVI, Seychelles and many other countries la .

Anyway, GPA will sure to be another Goreng Counter before it was bought over by real Japanese investor.

Ya.. Port Of Tanjong Pelepas Sdn Bhd is a subsidiary of MMC Corp.. it is currently the second largest sea port in Malaysia after westport. And recently, the port is becoming more and more busy due to its strategic location (near to Singapore), where it benefited a lot from US China Trade War.

PTP has been planned to be listed by MMC since years ago, if PTP is listed, the asset of PTP will be revalued and it will push up the overall book value of MMC, same will go to its share price.

(Like what happened years ago when MMC listed Malakoff Bhd and Gas Malaysia Bhd).

Now is the time for you to accumulate MMC.

tatwaiwong Not All i3 people like.. Mostly are matured investor.. But there are always some boring kids seek attention and animal barking around.

Last month, the Lim family was accumulating the stock at the range of RM4 ~ RM4.3+-. This stock is for long term investment. Anyway, TP of RM6 might be still far but RM5 ~ 5.5 is "close one eye" achievable by next year.

Just ignore those who bark around like an animal who seek attention.

As at now another 22 million units of Buy Queue vs 1 million of Sell Queue.. But these Buyer is slow and steady in collecting... Obviously mainly not individual buyer.. Very healthy sign.

Again, almost 20 million units of Buy Order queuing at RM0.76 ~ 0.755... even Glove Stocks these days also don't have this volumn. Think it yourself, who got such buying power?

1) MMC’s market capitalisation is currently at super under value, ie RM2.4 bil (as at 10th Jun). In fact, the value of its listed assets and land bank itself exceeds the current market capitalisation.

MMC’s assets are:-
(a) 36.5% stake in Malakoff that worth RM1.57bil +-,
(b) 30.9% stake in Gas Malaysia Bhd that worth RM1.26bil+-
(c) 5,000 acres of land valued at RM4bil.
(d) MMC's Port Division has an annual capacity of 21.3 mil TEUs vs Westports Holdings Bhd's capacity of 14 mil TEUs. Currently, Westports Holdings Bhd’s market value is RM13 bil and we give MMC's port division about 25% discount from Westports , hence, MMC’s port business could be valued at RM9.75 bil or more.
(d) Not to mentioned value at Senai Airport (the only Airport that not controlled by MAHB)

Hence, total value of MMC shall stood at RM16.58 bil (vs current capitalization of RM2.4bil / 590% under value)


2) MMC has a cheap 9.6x P/E vs. 22.27x of its peer, Westports Holdings Bhd. This is unjustified given that MMC’s combined annual port capacity of 21.3mil TEUs vs Westports’ 14mil TEUs annually.