https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=2935333

I got the further detail on this company already.. how much is the cost and gdv and estimate profit haha.. let see who know about the information.. hints.. u can get from sp setia announcement..

Really funny lo cg14134.. they buy this company because of the land not the business.. do you have command sense before comment?

Vanbasten: u so pandai... why didnt warn us when mmc is going up from 0.83 to 1.2?

Weak holder please sell off ur so called lapsap share

Come come more sell off.. the more u drop i buy more.. treat it as dividend share.. i willing to add more if u drop more

Added another batch in 1.08.. nice shake off..

For me, this is a good news.. let see how market react on monday

I think northport and westport acquire BCC for mainly for future expansion of their port.. Dint think they will continue the loss making cruise business

The main point to acquire this company is the land.. no need to see their financial result..

The news have been talking for long time that westport want to takeover this land.. mana tau now both northport and westport join together to takeover this company.. which is positive news for both westport and northport

BCC located between westport and nortport.. in order to further their expansion for westport and nortport, the land at BCC is very strategic for their expansion..

Both westport and northport doing something like JV

Go google map westport, northport and boustead cruise centre.. then u will understand the situation

Oh now i know... mmc and westport together buy BCC... which is located at Pulau Indah.. both own 50percent shares..

Mmc proposed to buy 50percent of BCC, lising making company due to high finance cost

I have adequate number.. ok... but still cannot be PM

Thank for the correction.. added more mmc

I do some research for historical PE ratio..

Prior to FY2019, MMC trading at PE ratio around 15 to 40. I just use the lowest PE ratio which is 15. Using the FY2020 EPS, the reasonable price should be RM1.85 (EPS12.32x15).. Plus there is potentail profit improvement for the next 3 quarters. Hence it is not so reasonable to sell it now...

Suria Capital cannot la.. almost same PE with MMC.. MMC have biggest port in Malaysia.. somemore got involve in other sector such as construction, energy, logistic etc.. u compare a giant with an apple.. i rather choose a giant than an apple.. dividend yield currently MMC still have 5%... In my opinion MMC still good even already up so much compare to Suria Capital

Still got a few catalyst to come:
1) Final Dividend payout which normally happen on April
2) IPO for port business (rumour from many years but dun know whether it will come out this year or not)
3) Gain for disposal of Red Sea Terminal (which have gain on disposal of RM150mil ++) and maybe special dividend for this
4) Good quarter result for Q1FY2021

The land cost is only RM0.2 to RM0.3 per sq feet while now they selling it around RM0.30 per sq feet. Imagine if property sector come back, how many profit they will have.

KYY go in KPS liao.. not MMC

stop recommend this share to your friend and family.. let shark clear off weak retailer.. only this share will fly

dun attract too many retail come and buy this share.. let shark collect first..

wow break RM1.. so easily..

congrat for all loyal holder.. see in RM1.00++

shark battle again

Yearly EPS12.32sen, if PE10 at least RM1.23...at least got 43% upside. Remember this result including Rm120mil impairment of trade receivable... if dun have impairment, we got 300mil profit this quarter..

BUY NOW EVERYONE!!!

Worse year will be gone.. future profit will be good. if profit normalise, eps will jump to 24sen per quarter if no impairment provided.. then the share price guarantee will jump higher

Impairment 2.2bil for this quarter, whole year 6.6bil.. without this there will be additional eps 22sen for this quarter and 66sen for whole year

Finance cost reduce 53mil, gross profit increase 68mil, tax decrease 33mil and share of joint venture increase by 73mil.. this is the main contribution why profit jump so many..

Eps 5.9sen include one off impairment of trade receivable of 126mil.. without this.. imagine how much more eps

Omg good eps 5.9sen

92.8mil unbilled sales, increase from 89.4mil last quarter

Last year got 6mil+ fair value gain.. this year only 100k+ but eps only drop abit..

Wow good result..

ykyew11 just throw this share and go genting.. shark need more shares... no need to complain so much on this share

Westport yoy profit have increased by 30%.. it is a good sign for MMC..

Trending... please read the annoucement.. the announcement have stated clearly they sell to who

Hmm i smell special dividend coming??? 227.6million cash, MMC market value RM2.36billion... equal to 9.61%

This deal happened due to China company want to own a pie of share Red Sea Gateway Terminal Company..

So in conclusion for the deal

Gain
- RM227.6million Cash
- RM153.6million Gain on disposal

Loss
- RM1.384million profit per year..
- 8% shareholding in Red Sea Gateway Terminal Company (RSGT)

Hence, i think this is a super good deal. I dun see any reason why this news will make MMC share price drop further...

Total comprehensive income for 2019 is RM3.460million for 20%
Total comprehensive income for 2019 is RM1.384million for 8%

So MMC profit will only loss for RM1.384million profit only this deal (im using 2019 information as we did not have 2020 annual report yet)

20% of Red Sea Gateway Terminal Company (RSGT) = RM185mil
so 8% of RSGT = RM74mil

MMC sell 8% of RSGT get RM227.6million

So gain of RSGT is RM153.6million

According to annual report 2019 page 247, the group’s share of net assets of red sea gateway terminal company is RM185mil and the group share of total comprehensive income is RM3.460million..

Ok im wrong.. i will delete my comment.. sorry for wrong info

alternatively, if u have more than 21mil, just eat all of the 21mil block and become shark

now u can only wait if u collect enough of shares.. or else sell the share to the shark and go to other shares

a group of big shark have been collect this share since 10 Dec 2020.. The more the share price push down, the more shares he able to collect.. This is what info that i get...