Bintulu port is overvalued, traded above NTA, PE 20

@parksonguy first of all please don't be racist and disrecpectful toward the boss. I am not the proxy of the boss to talk here, in fact I am just someone new to stock market.

all I can say for sure is this is not the boss fault, it is the market's fault, the whole open market, you and I included. for depreciating the company value. imagine if you are the boss, you hold 51% of the company share, but the open market don't appreciate it's true value, investors are reluctant to buy at higher price, although many claims that it's price should be higher. what will you do? will you offer the open market at the price that it should worth? or offer at lower discount?

let say if the stock is trading at RM3 above now, do you think the boss will propose privatization?

and this is actually not a bad thing that the market will under appreciate some stock at the market. value investors make profit by buying at undervalue price, sell back at higher price when people start to value the company. in this case, the boss himself behtahan already his company being underappreciated.

okay so what about those who buy at RM2 or above? all I can say is those are the victims of the market unable to appreciate the true value of this company. sometime even the best investors like warran buffett lose money. but if you are really that good, overall you will still benefit from stock market by making more money in the other stock. if not, you are not that good anyway, or simply has terrible luck. bare in mind that stock investment is never deemed to be riskless.

for all those making money here, congratulation. I am not saying that you should not be greedy to hope for price revise from the boss, everyone invest in stock market should be greedy, but just don't blame everything on the boss, blame the market if you don't get what you hope for

for your extra information, I am just a beginner FA investor myself, I don't have any TA skill or ever learned anything about TA or plan to learn anything about it. Maybe that's why I can't answer thing like entry point. unlike some of the other sifu here

@Nurimran87 I don't quite get your question, the best level? tough question for me, but I try to answer...

while it still not going higher I guess?

or you mean you want to catch when it goes lower? I cannot guess the lowest or low point

try to avoid chase high is better

if I still don't have any share in this company, I will buy any price when the market open tuesday morning (next trading day), but that is just if it is me. (buy at your own risk)

to be honest what I can tell you is that "I think this stock is currently undervalued"

I cannot predict the price movement, I also cannot guarantee that you can earn money investing here

btw today really good start, want break 1.10 already, tuesday continue rally after majority retailers sell their MMC share?

@Qiu Shou MMC announce privatize 2 days after dividend ex date. SURIA? hehe can hope

@depecheM imo it is very basic thing everyone who invest in klse should read comments here in i3, especially when there is big movement in the stock price. it is as basic as reading product review before you buy something

@keown83 I am also new to this, but from what I try to understand here, mmc will continue to be tradeable at the open market, even if the price go above RM2, until the management call for EGM for the voting to pass this proposal, the requirement to pass is that no more than 10% rejection. if it fails, the boss might offer higher price (best senario), or boss u turn cancel it's privatization intention, then price might drop back to previous stage (worst case). if success, then wait for the exercise and payment date of the

@latok more than 67% la, unless you sold already today

SURIA start moving already, don't miss the train

start moving already, don't miss the train

@jacky_87 don't target company with the same boss, target company with same business and similar fundamental, SURIA

you may park your extra money at SURIA, before most of the investors here in MMC got back our capital and profit, good potential a few of the capital will go there

@joker123 revenue / profit indirectly affected by mco due to lower local demand, good potential to recover to previous level after covid crisis

good idea to park here early with extra money before the investors from MMC got back their capital and profit, potential quite a few will come here

this LU is base on news, no need TA to find TP

cek news, no rm2.2 la

@joker123 pinjam along pun mahu top up dulu la kalau contra, sure win what, bukan gamble

@wickedlion aiyo gitu ka? ada sure win x mahu, mahu gamble juga

masih ada seller, facepalm

@invest_888 announced by bursa la, u only need worry uturn

invest 575k money punya orang pun ada x baca news sell punya ka?

wow who sell 3.4k lot after open?

@FreshNoob very unlikely, but for safe don't queue buy lo, especially if you know you are back in the line, you won't get any free ticket from LULU, but if the boss throw big volume suddenly, then you should realise you kena trap liao lo, instead of getting free ticket.

best option is stick to your OWN ticket, if you got any

@limitup10 @tiongkeat yes, don't sell, go read news first

those queue buy at 1.65-1.68 apa macam o? haha, queue back in the line to save few sens

still got people invest without reading news, queue at sell not knowing what is happening, facepalm

@CHLEONG888 just my own thought, retailers I don't think will buy above RM2.00 for sure. Cooperator / individual that have fund might try to secure significant % of the company share to bargain with MMC for better privatization price. Or MMC boss himself trying to offer slight above or exactly RM2.00 to those who are willing to take his offer early, so that he would have more % before the voting EGM to pass the 10% rejection requirement.

But these situation are still very unlikely imo, most probably will trade below RM2, premium for those willing to take risk and early exit for the rest.

@flippiwippi definitely, but I already invest major part of my capital here, maybe my mmc capital and profit can go else where, any other good suggestion?

U turn or not U turn, the first limit up RM1.69 today is definitely not the price to exit. For those who want safe profit, exit only when it is close to RM2. Why pay RM0.31 (15%) of premium? risk is not that high, especially when this is just announced. Wait for the next trading day

for those who looking for another undervalue port stock to invest in after this, you may try to check SURIA, a company that own Sabah's main Port at Kota Kinabalu.

https://klse.i3investor.com/servlets/stk/annqtyres/6521.jsp

after MMC is gone, SURIA is the only port listed company left that is traded below half of it's NTA (RM3.22), current price is still yet to up, sitting at the level of RM1.00 to RM1.04.
Please tell me if there is another port company other than SURIA that is also traded at deep below NTA, which I might have missed.

while SURIA's TEU is not at the level of MMC's, SURIA is better than MMC in term of being debt free, it's total liabilities is very low, very insignificant financial cost is taken away from it's profit every QR.

SURIA is owned 51% by Sabah GOV. While is still good chance of privatization. The chance of it faces serba alike issue which is caused by fraud of an individual major shareholder is very unlikely.

SURIA is underperforming for the past year. Although it is allowed to operated during lockdown / mco. It is still indirectly affected by MCO due to lower local demand for it's services (refer to it's QR explanation). It's EPS is expected to return to it's previous level as herd immunity can be archived soon to end covid and consistent global growth in port business.

hopefully port lovers and value investors here will also appreciate SURIA, just like MMC

and btw it is also possible price at market go beyond rm2 at this point at open market?

@bobochacha so mean rm2 is 100% secured already as of now? while those who willing to hold longer might get better offer? risk free? because if there is risk of cancellation of privatization then I am willing to see my share at rm2 monday, but if risk free then why not try to get more

@Nkk1370 yea can park my profit from MMC here in Suria, hopefully price still no up by then, although I am holding quite some share already here

I am first time kena privatization here, can any sifu tell me more about the process?

tomorrow market still open? or will suspend until privatization?

how long it will takes? how to reject, if succesfully reject current offer we might get a higher offer?

value investors prevail~!! Buy share below NTA with recurring good EPS, low PE, consistent dividend payout, will never go wrong. this is not gambling, this is buying something at huge discount then sell back later when someone willing to buy at it's fair value

@bobochacha congratulation, 50% profit in just 1 day lol~!

it is suspended now, wait for the official news only decide keep or sell

@tatwaiwong think positive, take the profit and invest else way, there are many more undervalue stocks at the market, everyday also got stock going up, you need need to pick the next right one, syukur that we get free instant money (save time) instead of getting hit by something like serba case

congratulation in advance to all ^_^

@sunnyleong steady, mmc will give back your leg instead of potong your head ba haha

@sunnyleong always invest with spare cash, prepare for anything, don't go bankrupt if you kena serba case

even if really serba case (touch wood) also not as worse as serba, as mmc already traded deep below it's nta, so market capitalization won't be cut into half like serba. that's why we should always invest in NTA discount stock imo

@choonken59 lol~! choi

@emsvsi is that means major shareholders want to privatize before listing is to keep the most of the profits for only themselves, rather than sharing equally with us the minor shareholders? please correct me if I misinterpret

another thing worth mention is that SURIA is a debt free port company~! cash > borrowing, very insignificant financial cost to be deducted from profits

good news higher chance consider the price hike and privitization talk, finger crossed

really privatization?

why suspended? omg??

definitely a happy situation if shareholders are willing to offer 1.8 now, but realistically we just hope the upward momentum continue to maintain until our respective TP

@Hglee92 just to be honest I think if they offer 1.80 now, most of the retailers will take it, rather than waiting for it to rise to rm2 above, which is something cannot be guaranteed and didn't know how long it might takes. rise to nta level is almost imposible consider it's current EPS is still below that standard

@bobochacha nice call, good luck~!