more comparison info 2017

https://www.theedgemarkets.com/article/stacking-mmc%E2%80%99s-ports-against-westports

Westports has better financials
.............................

To put things in perspective, MMC’s ports collectively handled 15.6 million 20-foot equivalent units (TEUs) while Westports handled 9.95 million TEUs last year.

Nevertheless, Westports registered a net profit of RM636.98 million on revenue of RM2.03 billion for its financial year ended Dec 31, 2016 (FY2016). In contrast, MMC’s port and logistics division saw a profit before tax of RM456.7 million on revenue of RM2.73 billion for FY2016.

Thus, despite handling 64% more TEUs and having more ports, MMC’s earnings do not reflect its larger port operations.

While certain quarters say PTP, MMC’s port division’s main revenue generator, is largely a transshipment port, with 95% of its throughput being transfer cargo, it has to be noted that as much as 70% of Westports throughput comes from transshipment too.

PTP handled 8.03 million TEUs in 2016, according to the Ministry of Transport’s website. Of this almost 94%, or 7.54 million boxes, were transshipment. Northport handled around 3.26 million TEUs, Johor port 827,013 and Penang handled 1.44 million TEUs.

PTP’s transshipment rates are generally confidential. At Port Klang, Westport and Northport charge about RM160 for transshipment of a TEU and RM245 to RM260 per import or export TEU, depending on whether it is empty or a full container load, and about RM240 per transshipment of a 40-foot equivalent unit and RM360 to RM400 per import or export FEU.

In FY2015, PTP registered a net profit of RM177.4 million from RM1.2 billion in revenue from a throughput of 9.1 million TEUs. PTP’s financials for FY2016 are not available.

Westports made RM504.86 million in FY2015 from RM1.68 billion in sales on the back of 9.05 million TEUs handled.

Other ports in MMC’s stable did not fare that well either.

NCB Holdings registered a net profit of RM21.6 million from RM834.61 million in revenue, while Johor Port made a net profit of RM116.48 million from RM618.25 million in revenue. Penang Port earned a net profit of RM2.22 million on RM399.48 million in turnover.

In August last year, MMC acquired a 49% stake in Penang Port from its parent Seaport Terminal for RM200 million cash, and earlier this month announced the acquisition of the remainder 51% for RM220 million, which market watchers say is a prelude to a floatation exercise of MMC’s port unit.

On Westports much better financials, a port official explains, “It’s a question of efficiency.”
.....................

Westports’ average of 35 gross moves per hour (meaning 35 containers are taken off of a ship in an hour and placed on a waiting truck) is above the shipping industry’s average of 25.

Higher efficiency at the port translates into lower ship berthing and less waiting time.

Until 2004, PTP had a high efficiency level, recording average mainline productivity figures of 34.62 gross moves per hour, but how it is faring now is not known.

To make matters worse, there was an oil spill at PTP in September last year, which adversely impacted the port.

“We could be better than Singapore in terms of movement. The difference is they are quite consistent in delivering their results, ours can be quite typically Malaysian — maintenance issues, workers problems...,” Che Khalib had said, acknowledging that there is room for improvement in efficiency at PTP.

Nevertheless, he believes Malaysia can be more cost-effective with more infrastructure put in place, compared with Singapore and Indonesia, which are expanding their ports.

article on Dec 2020

https://klse.i3investor.com/blogs/undervalue/2020-12-08-story-h1537475684-Why_MMCCORP_Undervalue_port_operator_with_2_listed_subsidiary_company.jsp

4) Undervalue valuation compare to Westport

Next thing we try to compare to the same industry. Lets check with our biggest port in the Malaysia, Westport.


Westport

PE24.34 Dividend yield 2.82% Profit after taxation margin 38.45%

Net assets RM0.78


MMC

PE10.72 Dividend yield 6.42% Profit after taxation margin 5.36%

Net assets RM3.08

From the facts shown above, cannot deny that Westport have a far superior profit after taxation margin. However, the valuation for Westport have already received PE24.34 and dividend yield at 2.82%. However for MMC, the PE ration still at 10.72 and dividend yield are high at 6.42% The huge difference in profit after taxation for Westport and MMC are due to finance cost. If the group listed their port business, I might help the group to payback the loan and reduce the finance cost for the group.

look at westport to have an idea

https://klse.i3investor.com/servlets/stk/fin/5246.jsp

Posted by sychern > Mar 20, 2021 10:31 AM | Report Abuse

Would like to know TP?

i think you are right pingdan

https://www.theedgemarkets.com/article/newsbreak-westports-northport-jointly-bid-bousteads-cruise-terminal

Diversified conglomerate MMC Corp owns several ports, including the Port of Tanjung Pelepas, Penang Port and Johor Port. There had been talk of a flotation exercise for its port assets, which could be a significant initial public offering, but market conditions and economic uncertainties have put these plans on hold. MMC Corp also has interests in power generation, engineering, construction and airports, among other businesses.

With millions vaccinated, Israel is test case for life after COVID-19

19 March 2021

https://www.channelnewsasia.com/news/commentary/israel-covid-19-coronavirus-vaccine-restriction-lockdown-travel-14436522

With millions vaccinated, Israel is test case for life after COVID-19

19 March 2021

https://www.channelnewsasia.com/news/commentary/israel-covid-19-coronavirus-vaccine-restriction-lockdown-travel-14436522

With the vast majority of its elderly population already inoculated, and millions more already under the protection of their first jab, the country has made an educated bet to trust in the vaccine.

New infections are down to 3 per cent of those tested, hospitals are emptying and epidemiologists are cautiously optimistic.

If new vaccine-defying variants can be kept at bay, Israel may be the first nation to tame the pandemic and open up its economy for good.


THE PROMISE OF TRAVEL
....................

The most tempting carrot being dangled by the government is the promise of travel without quarantine. Even Israeli citizens have found it nearly impossible to return home in recent months.

Starting this week, up to 3,000 people a day will be allowed in – up from just 200 a week – if they are approved by the health ministry.

Plans being debated would replicate the success of Australia and some Southeast Asian nations in keeping foreign infections at bay with forced quarantine at a hotel or at home while fitted with an electronic tracking bracelet.

The government plans to eventually let those vaccinated in Israel travel freely – perhaps even without quarantine upon returning home.

With Vaccine Almost Ready, What To Expect From Carnival & Royal Caribbean Stocks?

https://www.forbes.com/sites/greatspeculations/2020/12/08/with-vaccine-almost-ready-what-to-expect-from-carnival--royal-caribbean-stocks/?sh=222a1da23336

Cruise line stocks have rallied sharply since early November, as the markets saw the positive vaccine efficacy data from Pfizer as a sign of the beginning of the end of the Covid-19 pandemic. Royal Caribbean Cruises (NYSE: RCL) stock is up by 40% since November 9th, when Pfizer published efficacy numbers on its vaccine, while Carnival (NYSE: CCL) stock is up a whopping 70% over the same period.

However, the industry could recover beginning from late Spring to early Summer.

It’s possible that the entire U.S. population could be immunized as early as mid-2021, increasing consumer confidence in taking cruises.

Moreover, Cruise passengers typically skew towards older age groups (median age of 60 to 69 years) - and they could be among the first in line for the vaccines. [2] There is also likely to be much pent-up demand for cruises after close to a year of shutdowns. Cruise liner bookings are often made several months ahead and companies had been seeing a growing interest in bookings for the second half of 2021 and this has actually picked-up post the vaccine announcements.

strategic location between north and west port

https://www.google.com/maps/place/Boustead+Cruise+Center/@2.9934047,101.3399878,13.44z/data=!4m5!3m4!1s0x0:0xfce0228783094898!8m2!3d2.9846541!4d101.3368477

Johor's Tanjung Pelepas port aims to more than double capacity by 2030

https://www.straitstimes.com/asia/se-asia/johors-tanjung-pelepas-port-aims-to-more-than-double-capacity-by-2030

"Right now, the port is reaching nine million TEUs and the capacity is 12.5 million TEUs, with an 8 per cent to 9 per cent expansion annually," Mr Loke said of the Port of Tanjung Pelepas (PTP) yesterday.

"If we don't do anything, within three to four years, it will reach full capacity. We can't wait until then to plan for expansion."

Port of Tanjung Pelepas (PTP) N4: Goes Live!

Dec 1, 2020

https://www.youtube.com/watch?v=ES2Je8OHtL0

https://www.klsescreener.com/v2/news/view/782517/ptp-posted-record-throughput-of-9-8m-teus-last-year

This week PN stocks will move up!

https://www.straitstimes.com/asia/se-asia/pkr-loses-third-mp-in-three-weeks-as-vice-president-quits

https://www.straitstimes.com/asia/se-asia/malaysia-hands-5g-spectrum-to-little-known-firm-controlled-by-politically-linked-tycoon

KUALA LUMPUR - Malaysia has quietly awarded the highly sought-after 5G telecommunications spectrum to several players, including the little-known Altel, a firm controlled by the reclusive but politically connected tycoon Syed Mokhtar al-Bukhary, seemingly without an open tender previously promised.

The May 15 decision, signed off by Communications and Multimedia Minister Saifuddin Abdullah, went unannounced to the public and appears to be the first major reversal of infrastructure policy by the three-month-old Perikatan Nasional (PN) government.

https://www.straitstimes.com/asia/se-asia/malaysia-hands-5g-spectrum-to-little-known-firm-controlled-by-politically-linked-tycoon

KUALA LUMPUR - Malaysia has quietly awarded the highly sought-after 5G telecommunications spectrum to several players, including the little-known Altel, a firm controlled by the reclusive but politically connected tycoon Syed Mokhtar al-Bukhary, seemingly without an open tender previously promised.

The May 15 decision, signed off by Communications and Multimedia Minister Saifuddin Abdullah, went unannounced to the public and appears to be the first major reversal of infrastructure policy by the three-month-old Perikatan Nasional (PN) government.

This week PN stocks will move up!

https://www.straitstimes.com/asia/se-asia/pkr-loses-third-mp-in-three-weeks-as-vice-president-quits

This week PN stocks will move up!

https://www.straitstimes.com/asia/se-asia/pkr-loses-third-mp-in-three-weeks-as-vice-president-quits

COMFORT EPS will beat TOP GLOVE!

40 cents SUPERMAX vs 35 cents TOP GLOVE!

Supermax is now cheapest stock in BURSA - beat TOP GLOVE EPS already!!

https://www.thehour.com/news/article/Speedy-variants-power-virus-surge-sweeping-Europe-16005367.php

Speedy variants power virus surge sweeping Europe

March 6, 2021

https://www.thehour.com/news/article/Speedy-variants-power-virus-surge-sweeping-Europe-16005367.php

“This is the demonstration that the virus has a sort of intelligence, even if it is a single-cell organism. We can put up all the barriers in the world and imagine that they work, but in the end, it adapts and penetrates them,’’ lamented Bollate Mayor Francesco Vassallo.

Bollate was the first city in Lombardy, the northern region that has been the epicenter in each of Italy’s three surges, to be sealed off from neighbors because of mutant versions that the World Health Organization says are now powering another uptick in infections across Europe. The variants also include versions first identified in South Africa and Brazil.

Europe recorded 1 million new COVID-19 cases last week, an increase of 9% from the previous week and a reversal that ended a six-week decline, WHO said Thursday.

Speedy variants power virus surge sweeping Europe

March 6, 2021

https://www.thehour.com/news/article/Speedy-variants-power-virus-surge-sweeping-Europe-16005367.php

“This is the demonstration that the virus has a sort of intelligence, even if it is a single-cell organism. We can put up all the barriers in the world and imagine that they work, but in the end, it adapts and penetrates them,’’ lamented Bollate Mayor Francesco Vassallo.

Bollate was the first city in Lombardy, the northern region that has been the epicenter in each of Italy’s three surges, to be sealed off from neighbors because of mutant versions that the World Health Organization says are now powering another uptick in infections across Europe. The variants also include versions first identified in South Africa and Brazil.

Europe recorded 1 million new COVID-19 cases last week, an increase of 9% from the previous week and a reversal that ended a six-week decline, WHO said Thursday.

https://www.thehour.com/news/article/Speedy-variants-power-virus-surge-sweeping-Europe-16005367.php

“This is the demonstration that the virus has a sort of intelligence, even if it is a single-cell organism. We can put up all the barriers in the world and imagine that they work, but in the end, it adapts and penetrates them,’’ lamented Bollate Mayor Francesco Vassallo.

Bollate was the first city in Lombardy, the northern region that has been the epicenter in each of Italy’s three surges, to be sealed off from neighbors because of mutant versions that the World Health Organization says are now powering another uptick in infections across Europe. The variants also include versions first identified in South Africa and Brazil.

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

Europe recorded 1 million new COVID-19 cases last week, an increase of 9% from the previous week and a reversal that ended a six-week decline, WHO said Thursday.

Speedy variants power virus surge sweeping Europe

March 6, 2021

https://www.thehour.com/news/article/Speedy-variants-power-virus-surge-sweeping-Europe-16005367.php

“This is the demonstration that the virus has a sort of intelligence, even if it is a single-cell organism. We can put up all the barriers in the world and imagine that they work, but in the end, it adapts and penetrates them,’’ lamented Bollate Mayor Francesco Vassallo.

Bollate was the first city in Lombardy, the northern region that has been the epicenter in each of Italy’s three surges, to be sealed off from neighbors because of mutant versions that the World Health Organization says are now powering another uptick in infections across Europe. The variants also include versions first identified in South Africa and Brazil.

Europe recorded 1 million new COVID-19 cases last week, an increase of 9% from the previous week and a reversal that ended a six-week decline, WHO said Thursday.

Speedy variants power virus surge sweeping Europe

March 6, 2021

https://www.thehour.com/news/article/Speedy-variants-power-virus-surge-sweeping-Europe-16005367.php

“This is the demonstration that the virus has a sort of intelligence, even if it is a single-cell organism. We can put up all the barriers in the world and imagine that they work, but in the end, it adapts and penetrates them,’’ lamented Bollate Mayor Francesco Vassallo.

Bollate was the first city in Lombardy, the northern region that has been the epicenter in each of Italy’s three surges, to be sealed off from neighbors because of mutant versions that the World Health Organization says are now powering another uptick in infections across Europe. The variants also include versions first identified in South Africa and Brazil.

Europe recorded 1 million new COVID-19 cases last week, an increase of 9% from the previous week and a reversal that ended a six-week decline, WHO said Thursday.

Speedy variants power virus surge sweeping Europe

March 6, 2021

https://www.thehour.com/news/article/Speedy-variants-power-virus-surge-sweeping-Europe-16005367.php

“This is the demonstration that the virus has a sort of intelligence, even if it is a single-cell organism. We can put up all the barriers in the world and imagine that they work, but in the end, it adapts and penetrates them,’’ lamented Bollate Mayor Francesco Vassallo.

Bollate was the first city in Lombardy, the northern region that has been the epicenter in each of Italy’s three surges, to be sealed off from neighbors because of mutant versions that the World Health Organization says are now powering another uptick in infections across Europe. The variants also include versions first identified in South Africa and Brazil.

Europe recorded 1 million new COVID-19 cases last week, an increase of 9% from the previous week and a reversal that ended a six-week decline, WHO said Thursday.

uncle if sold 3 weeks ago and informed his VIP whatsap group, information easily will leak in 1 week la!

Restaurants and Pubs Can Reopen Outdoors From 12 April

https://london.eater.com/22289541/when-will-restaurants-pubs-reopen-after-coronavirus-lockdown-england-roadmap

Ultra-cold freezer sourcing up 522% with vaccine logistics underway

https://www.supplychaindive.com/news/cold-chain-ultra-low-temperature-freezer-demand-coronavirus-vaccine/592279/

The ULT freezer producer stated that demand for its products for healthcare operations will remain, as dry ice is not a long-term storage solution.

https://www.klsescreener.com/v2/news/view/768399/shed-some-tears-for-gloves

Apart from demand, three other factors do not favour the glove manufacturers at the moment. Firstly, it is labour intensive and after the recent brouhaha, wages and living conditions have to improve if the companies want to continue exporting their products to developed countries. Both wages and living conditions are sticky and will not come down even if prices drop.

Secondly, the dollar is on a dive. It is nearing a seven-year low against the ringgit, which does not bode well for the profitability of the glove companies. The US is going to print more money to reflate the economy, pointing to weaker dollar ahead.

Thirdly, Bursa Malaysia has allowed for regulated short selling (RSS) from January, which is just two weeks away. All major glove players are under the RSS list, which means that it can be shorted if sentiments are not in their favour.

The sector attracted institutional funds in May and June this year when it became evident that glove makers were going to report healthy earnings. Not investing in these stocks would have resulted in the funds under-performing the market.

But now the funds are leaving the sector as indicated in several research reports. Glove producers are professing that the game is not over yet but the smart money thinks the fairy tale run has come to an end.

Shed some tears for gloves

https://www.klsescreener.com/v2/news/view/768399/shed-some-tears-for-gloves

Apart from demand, three other factors do not favour the glove manufacturers at the moment. Firstly, it is labour intensive and after the recent brouhaha, wages and living conditions have to improve if the companies want to continue exporting their products to developed countries. Both wages and living conditions are sticky and will not come down even if prices drop.

Secondly, the dollar is on a dive. It is nearing a seven-year low against the ringgit, which does not bode well for the profitability of the glove companies. The US is going to print more money to reflate the economy, pointing to weaker dollar ahead.

Thirdly, Bursa Malaysia has allowed for regulated short selling (RSS) from January, which is just two weeks away. All major glove players are under the RSS list, which means that it can be shorted if sentiments are not in their favour.

The sector attracted institutional funds in May and June this year when it became evident that glove makers were going to report healthy earnings. Not investing in these stocks would have resulted in the funds under-performing the market.

But now the funds are leaving the sector as indicated in several research reports. Glove producers are professing that the game is not over yet but the smart money thinks the fairy tale run has come to an end.

Shed some tears for gloves

https://www.klsescreener.com/v2/news/view/768399/shed-some-tears-for-gloves

Apart from demand, three other factors do not favour the glove manufacturers at the moment. Firstly, it is labour intensive and after the recent brouhaha, wages and living conditions have to improve if the companies want to continue exporting their products to developed countries. Both wages and living conditions are sticky and will not come down even if prices drop.

Secondly, the dollar is on a dive. It is nearing a seven-year low against the ringgit, which does not bode well for the profitability of the glove companies. The US is going to print more money to reflate the economy, pointing to weaker dollar ahead.

Thirdly, Bursa Malaysia has allowed for regulated short selling (RSS) from January, which is just two weeks away. All major glove players are under the RSS list, which means that it can be shorted if sentiments are not in their favour.

The sector attracted institutional funds in May and June this year when it became evident that glove makers were going to report healthy earnings. Not investing in these stocks would have resulted in the funds under-performing the market.

But now the funds are leaving the sector as indicated in several research reports. Glove producers are professing that the game is not over yet but the smart money thinks the fairy tale run has come to an end.

do not listen to conman like Koon or IB with high TP earlier

they were not having choice for investment earlier and they had to recommend gloves

things are changing fast, every day you delay on moving out from gloves stock you are truly risking yourself for big losses

vaccine is a game changer and market is forward looking

you have not even done the simple maths of gloves demand for vaccination vs capacity of gloves manufacturer

its like your are scoping water from an ocean saying the sea water level will fall


Posted by Geek2020 > Dec 13, 2020 8:46 PM | Report Abuse

CVS Pharmacy is the largest drugstore chain in the country. CVS company policy is for its healthcare workers to wear gloves while administering vaccines. In addition to the nearly 20 million people the company expects to inoculate with the flu vaccine this year, CVS is also working with Operation Warp Speed to administer COVID-19 vaccines, another indicator of the expected increased demand for medical-grade gloves in the coming months.


https://1069kickscountry.com/u-s-faces-nitrile-glove-shortage/

To the mangkuk sorhai who said no need gloves for vaccine, CVS which the largest pharmacy drug store who is the anchor vaccination centre for Operation Warp Speed makes gloves mandatory for vaccination

stand from UK government view and you will see it clearly

ASP of gloves will definitely dive down soon

max 3 months or much earlier

there was a panic earlier on the government worldwide for not having certainty when the pandemic will be under control as media mentioned vaccine will take years and may only be 60% effective

they were willing to buy at any price that time

this is no longer the scenario

you must see this simple truth

Posted by JN88 > Dec 13, 2020 8:43 PM | Report Abuse

information: you can call and asking order from time to time.... the demand will pick up...... demand for hospital for other disease treatment that have been affected within this year

you guys need ti think rationally

you would have seen many times in life anything that goes up fast will dive down fast too

its a simple common sense logic

its panic dive on ASP soon, some glove manufacturers may even sell at negative margin just to ensure they dispose the already purchased raw material in bulk at high price

the down ward pressure on gloves ASP will be exponential due to 2 factors

governments worldwide no longer under pressure to buy

secondly, the new glove players would cause surplus capacity

in 2 months UK will vaccinate enough population to achieve herd immunity

you think they will be bothered/pressured to buy at such ASP of gloves

wake up man

Posted by ALANCHEE78 > Dec 13, 2020 8:34 PM | Report Abuse

Don't bother the analyst comment, all sure got motive, In fact, everyone can think about how long it will take for whole world to control the covid even after the vaccine is in place, that will how long can the huge profits of the glove company can last. i guess at least 2 to 3 years above.

more daily covid cases, more demand for glove, only demand will less if daily cases is going downward,

Just remind, vaccine cannot cure covid, only medicine.

JPM TP is the first wake up call after FDA approval of vaccination

you will see more and more IB reducing their TP

as fast as the TP went up beginning this year, you will see it coming down at exponential rate early next year

not for IB and they can afford interest charged

Posted by Morpheus61 > Dec 13, 2020 2:31 PM | Report Abuse

Short sell has to be covered within T+2 days. The Net Short sell is over 101 Million shares. Last few days have only had 20-30-40 Million shares traded.

Hope you guys see the desperation of the IB's now ?

clear sign of denial or dementia

Posted by faralenz77 > Dec 13, 2020 2:27 PM | Report Abuse

Whats wrong with Topglove on firing whistle blower. Our government has been doing this all this while and in fact encouraging it.

OMG gloves price also dropping? really D-day!

anyway. you said its fair right? let the market and media decide its fair

you really sick liao..psycho

japanese where got pay no overtime

as much they stress hardwork they also take care of employee

tg is true slavery

Posted by pdchs > Dec 13, 2020 11:40 AM | Report Abuse

When I work at Japanese company. Late 1 min deduct 1hour salary just normal.
If you think this is not right. Try your company let your staff free flow... See what happened. Stupid management.

looser company!

late 1 minute to work, deduct 1 hour salary, no overtime pay

can donate to government millions

really sick management

This PPE Factory Isn't Protecting Its Workers Against COVID

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

SHOCKING! Top Glove fired whistleblower before Covid-19 outbreak

https://www.malaymail.com/news/malaysia/2020/12/13/top-glove-fired-whistleblower-before-covid-19-outbreak/1931430

SHOCKING! Top Glove fired whistleblower before Covid-19 outbreak

https://www.malaymail.com/news/malaysia/2020/12/13/top-glove-fired-whistleblower-before-covid-19-outbreak/1931430