Posted by Start_0f_the_bull > 2021-03-19 13:34 | Report Abuse

Frozen for one month.

Posted by Superb99 > 2021-03-19 14:02 | Report Abuse

sure up again before next q result is released...cheers

Posted by jgb349000 > 2021-03-19 14:22 | Report Abuse

Hope kyy will.come.in here.good counter.

Posted by JP01 > 2021-03-19 15:53 | Report Abuse

@trumpgreatagain
IF MMC stay below 1.20 this week, I Will Quit MMC and keep quiet, I hope you keep words your words

Posted by Pinky > 2021-03-19 15:54 | Report Abuse

hahahahaha

Bye bye Trump~ ♥ ♥ ♥

Posted by ValueInvesting > 2021-03-19 15:57 | Report Abuse

@trumpgreatagain, don't give up! You still have time to push MMC above 1.20, go go go!

Posted by Pinky > 2021-03-19 15:58 | Report Abuse

I will support

IF MMC drops below RM1.12 today

wahahahahaha

Posted by Superb99 > 2021-03-19 16:05 | Report Abuse

kyy comes in, die faster...look at MNRB, KPS and DOminan...

Posted by Inv3st0r69 > 2021-03-19 17:12 | Report Abuse

dont worry trump, make mmc great again

Posted by Pinky > 2021-03-19 17:29 | Report Abuse

Close at 1.14

yat yat sei

so inauspicious hahahahaha

Posted by Willtolive > 2021-03-19 17:53 | Report Abuse

Posted by Pinky > Mar 19, 2021 5:29 PM | Report Abuse

Close at 1.14

yat yat sei

so inauspicious hahahahaha

-------------------------------------------------------------------------

Next week will be 1.68

Posted by JP01 > 2021-03-19 17:56 | Report Abuse

Trump paiseh liao! Is okay la register another acc and come in, no big deal,

Posted by JP01 > 2021-03-19 17:57 | Report Abuse

Try again next week lor! I hope to collect back within 1.03 - 1.08, never say never.

Posted by aliyusof > 2021-03-19 18:41 | Report Abuse

https://www.theedgemarkets.com/article/sc-says-30-ipos-pipeline-2021.....MMC ports should be one of these IPO ?

Posted by pingdan > 2021-03-19 19:14 | Report Abuse

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

Posted by aliyusof > 2021-03-19 19:16 | Report Abuse

What is BCC, pingdan?

Posted by tatwaiwong > 2021-03-19 19:58 | Report Abuse

财经新闻
作价2.3亿 西港马矿业联购莫实得港口
2021年03月19日
（吉隆坡19日讯）西港控股（WPRTS，5246，主板交通与物流股）与马矿业（MMCCORP，2194，主板交通与物流股），以2.3亿令吉联合收购莫实得（BSTEAD，2771，主板工业股）旗下的巴生英达岛港口业务。

西港控股是与马矿业旗下99.1%持有的巴生港口管理私人有限公司，已50：50比例，联合收购莫实得邮轮中心私人有限公司全部股权。

三方今日分别向交易所报备有关收购案。

莫实得邮轮中心旗下拥有英达岛69.8亩的港口设施，包括可容纳邮轮和军舰的码头、5层楼的港口建筑、一座停车场，以及6块未开发的相邻土地。

此次收购案预料在半年之内完成。

Posted by cg14134 > 2021-03-19 20:30 | Report Abuse

Hope the BBC transaction is not a case of MMC bailing out Boustead Holdings. Let's see what analysts say on Monday. Don't know enough to express an opinion...

Posted by hostan > 2021-03-19 20:41 | Report Abuse

BCC is Boustead cruise centre

Posted by pingdan > 2021-03-19 21:11 | Report Abuse

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

Posted by pingdan > 2021-03-19 21:12 | Report Abuse

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

Posted by tiongkeat > 2021-03-19 21:13 | Report Abuse

Considered good news

Posted by pingdan > 2021-03-19 21:13 | Report Abuse

Both westport and northport doing something like JV

Posted by pingdan > 2021-03-19 21:15 | Report Abuse

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..

Posted by pingdan > 2021-03-19 21:26 | Report Abuse

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

Posted by pingdan > 2021-03-19 21:40 | Report Abuse

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

Posted by petnch2020 > 2021-03-19 22:03 | Report Abuse

Pingdan,

Another thing to take note, the acquisition is free of all the existing liabilities as per explained by Ruben of Westport. Opportunistic acquisition by both MMC and Westport.


https://www.thestar.com.my/business/business-news/2021/03/19/boustead-sells-klang-cruise-terminal-to-westports-mmc

Posted by traderA > 2021-03-19 22:24 | Report Abuse

good or bad news?

Posted by Start_0f_the_bull > 2021-03-19 22:26 | Report Abuse

Now MMC is more aggressively grow its cruise business, that means more business diversification.
More facilities and land available for usage by the port.
All these is actually good news for MMC and Westport Holdings shareholders and that is why Westport Holdings share surged 3.5% at last minutes trading.

Posted by information > 2021-03-19 22:31 | Report Abuse

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

Posted by Willtolive > 2021-03-19 22:32 | Report Abuse

He noted that while BCC had suffered losses before taxation in recent years, and Westports and Northport will acquire the company without assuming its existing liabilities.

Posted by information > 2021-03-19 22:38 | Report Abuse

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.

Posted by information > 2021-03-19 23:16 | Report Abuse

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.

Posted by pingdan > 2021-03-19 23:18 | Report Abuse

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

Posted by pingdan > 2021-03-19 23:21 | Report Abuse

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

Posted by information > 2021-03-19 23:26 | Report Abuse

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.

Posted by bobochacha > 2021-03-20 01:13 | Report Abuse

MMC have been aiming to expand their port capacity, this acquisition give them extra land to do so.

Posted by aliyusof > 2021-03-20 05:28 | Report Abuse

Thanks all for above information. Look like IPO of MMC ports very likely..need fund for future expansion.

Posted by sychern > 2021-03-20 10:31 | Report Abuse

Would like to know TP?

Posted by information > 2021-03-20 12:27 | Report Abuse

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?

Posted by information > 2021-03-20 13:09 | Report Abuse

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.

Posted by information > 2021-03-20 13:16 | Report Abuse

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.

Posted by information > 2021-03-20 13:17 | Report Abuse

Lack of connectivity at PTP
...........................

PTP’s poor connectivity is well known in the industry and the problem has never really been addressed. Other than Maersk Line, which is owned by APM Terminals, PTP only has Taiwanese Evergreen Shipping Corp calling regularly.

Other vessels that call at PTP come as a result of vessel-sharing arrangements between shipping lines.

“It’s been the same two lines — Maersk and Evergreen — for so many years now. Incentives were given by the government, and there was much hope, but the numbers have been slow to gain momentum. Some of the growth in throughput has been a result of Maersk taking over other shipping lines, such as P&O Nedlloyd,” the port official highlights.

While there was talk a few years ago of closing down Johor Port’s container arm and moving it to PTP, which is located about 90km away, the idea never took off.

According to reports, the government shot down the idea of merging the two container businesses as manufacturers operating in Pasir Gudang, Tampoi and Tebrau complained of higher transport costs.

Other than the above, there are ship-to-ship operations off PTP, but whether this generates any real income for the port is not known.

Another issue is that MMC’s controlling shareholder, Tan Sri Syed Mokhtar Albukhary — who holds 51.76% equity interest in the conglomerate through Seaport Terminal and other private companies — is heavily geared.

In FY2016 ended Dec 31, MMC posted a net profit of RM549.66 million from RM4.63 billion in revenue. As at end-December last year, MMC had bank deposits and cash balances of RM1.22 billion. However, long-term debt commitments amounted to RM7.55 billion while short-term borrowings were RM1.49 billion.

The sheer size of the group’s borrowings has raised eyebrows.

Nonetheless, Che Khalid says the bulk of the group’s debts are project-financed. “For example, at MMC level, our total debt is RM26 billion, but RM17 billion is at Malakoff and RM2.6 billion at PTP. The rest is very small. At corporate level, it is only RM3.5 billion ... We don’t have borrowings at shareholder (MMC) level. Borrowings are all at the operating companies and they can generate enough cash as they are all making profits,” he told The Edge.

Other than his flagship MMC, Syed Mokhtar also controls 55.92% of diversified DRB-Hicom Bhd through private vehicle Etika Strategi Sdn Bhd.

For its nine months ended Dec 31, 2016, DRB-Hicom suffered a net loss of RM125.95 million from RM8.58 billion in revenue. Among its assets are Proton Holdings Bhd, the ailing carmaker, which is likely to be hived off soon.

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

"So, it would seem that much of the appeal of MMC’s port business lies in the third port in Port Klang, to be built on Carey Island.""
.............................................................

Posted by Pinky > 2021-03-20 13:24 | Report Abuse

Good analyses.

Posted by probability > 2021-03-20 18:37 | Report Abuse

Surge in transhipment traffic pushes port of Tanjung Pelepas to a new record

28/01/2021

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.

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.

Khalib Mohamad Noh, PTP chairman, added that the port had strengthened its position due to its investments in new equipment and efforts to improve container handling capacity.

PTP purchased eight super post-panamax quay cranes, 10 electrified rubber-tyred gantries and dredged the navigation channel to “ensure the new generation of ultra-large container vessels can safely navigate to our port”.

Posted by information > 2021-03-21 00:27 | Report Abuse

The 5 biggest ports in Southeast Asia

22 January 2020

https://www.porttechnology.org/news/the-5-biggest-ports-in-southeast-asia/

It is Asia’s most technologically advanced port and has broken the vessel utilization record three times in a row, the most recent being in July 2019 when the MSC Gulsun, the biggest containership ever, called.

Posted by nagasaran93 > 2021-03-22 09:18 | Report Abuse

heavy selling pressure. wonder why operator pressing price down so hard???

Posted by tiongkeat > 2021-03-22 09:26 | Report Abuse

i will still hold and wait,

Posted by choonken59 > 2021-03-22 09:40 | Report Abuse

dont think hold and wait is good for us

Posted by tiongkeat > 2021-03-22 09:50 | Report Abuse

my entry average price is 0.84, worst case it go back to 0.84, and i jz keep for Dividen lol