Posted by vanbasten9 > 2021-03-22 20:00 | Report Abuse

@pingdan. I warned on ataims in jan, d n o in early feb, macpie 3 days ago applause applause

Posted by vanbasten9 > 2021-03-22 20:03 | Report Abuse

@willtolive risky but i intend to play widad, dataprp, itronic, mmcorp c23, tencent c10, xiaomi c5, pmetal cw....the former on rebound....oh by the way overseas will fly

Posted by Bossanova > 2021-03-22 20:13 | Report Abuse

“The stock market is a device to transfer money from the impatient to the patient.”

Warren Buffett

Posted by Willtolive > 2021-03-22 20:15 | Report Abuse

@vanbasten9. Play MMC, rebound tomorrow

Posted by cg14134 > 2021-03-22 20:18 | Report Abuse

Ya right Pingdan. Remember the Johor land deal that put the stock in coma for how long?

Posted by cg14134 > 2021-03-22 20:29 | Report Abuse

At that time the land was acquired at deep discount to appraised value!

Posted by Pinky > 2021-03-22 20:51 | Report Abuse

So this acquisition is in a way to replenish MMC Engineering's construction order book.

Should be positive news.

Posted by tatwaiwong > 2021-03-22 20:55 | Report Abuse

MMC以2.5億令吉收購Tradewinds在Retro Highland的50％股權

吉隆坡（3月22日）：MMC Corp Bhd將以2.5億令吉現金收購Tradewinds Corp Bhd以2億5千萬令吉現金收購開發商Retro Highland Sdn Bhd的50％股權。

MMC在交易所文件中表示，收購價格包括Tradewinds向Retro Highland提供的5500萬令吉股東貸款，包括利息。

Retro Highland是Tradewinds和SP Setia Bhd之間的50:50合資企業。Tradewinds由大亨Tan Sri Syed Mokhtar Albukhary控制，後者還擁有MMC的控股權。

MMC表示，德勤企業諮詢服務有限公司（Deloitte Corporate Advisory Services Sdn Bhd）對Retro Highland的估值在3億5600萬至4億1000萬令吉之間。

它補充說，從估值中排除股東貸款，Retro Highland 50％股權的價值介於1.78億令吉和2.05億令吉之間。

Retro Highland已由吉隆坡市政廳（DBKL）任命，根據質量可持續性人民住房（QSPH）的發展，重新開發了蕉賴市議會的四個住房項目。該公司於2019年3月與DBKL簽署了總協議。

MMC說：“考慮到這一點，Retro Highland將獲得位於吉隆坡蕉賴的約77.80英畝的租賃土地，Retro Highland有權在其上開發住宅和商業組件的混合用途開發。”

該組織表示，QSPH項目將通過土地交換和強制性土地徵用方式實施-後者涉及DBKL的單位以及在該項目下在Sri Melaka和Sri Pulau Pinang單位擁有單位的個人。

它補充說，其全資子公司MMC Engineering Sdn Bhd預計將招標與QSPH有關的部分建築工程，其在24年內的發展總值估計為160億令吉。

它補充說：“由此，QSPH項目為MMC Engineering提供了機會，可以在整個長期項目期間參與並確保可持續的建築收益。”

這筆交易是在涉及MMC的另一筆巨額收購之後。

該集團的間接子公司Northport（M）Bhd和Westports Holdings Bhd聯手以2.3億令吉共同從Boustead Holdings Bhd收購虧損的Boustead Cruise Center Sdn Bhd（BCC）。

BCC還是Indah島上9塊土地的註冊所有者，這些土地上有建築物，還有一個69.8英畝的碼頭。

Posted by DepecheM > 2021-03-22 21:02 | Report Abuse

Don't know why some think this is bad news..... construction unit as good as secured a govt project and collaborating with SP SETIA... if drop below 1.00 sapu

Posted by pingdan > 2021-03-22 21:18 | Report Abuse

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..

Posted by vanbasten9 > 2021-03-22 21:38 | Report Abuse

Willtolive..thanks for tip..do check out mine....

Posted by Willtolive > 2021-03-22 21:40 | Report Abuse

vanbasten9. I got weak heart so I play slow stocks. PM me the list and ep.

Posted by vanbasten9 > 2021-03-22 21:41 | Report Abuse

@pingdan did you catch my ambank at RM 2.8 n ambank c21,22,23 (all doubled) warnings over march ? All historically logged in i3, i mentioned about bringing big Lorries to collect ?

Posted by vanbasten9 > 2021-03-22 21:42 | Report Abuse

Hey guys coma is my copyright to use -patented

Posted by vanbasten9 > 2021-03-22 21:43 | Report Abuse

Good luck to mmcorp to you all mh270 good night...

Posted by drteh84 > 2021-03-22 21:48 | Report Abuse

SUCH A D POTENTIAL AND GOOD COMPANY, BUT DEEPLY UNDERVALUED. PEOPLE KEPT THROWING LIKE SHIT

Posted by vanbasten9 > 2021-03-22 21:51 | Report Abuse

G3 also can catch if plunge again... GFM n ARBB are sure bets

Posted by vanbasten9 > 2021-03-22 21:54 | Report Abuse

Hehe willtolive then you should look at inari, genting, genm cw when things settle down... If you catch good price returns can be 25-50 percent over 3-4 months -worked for me...tm cw, gfm wb n itronic also quite safe

Posted by Willtolive > 2021-03-22 21:58 | Report Abuse

drteh84. I am unsure why people throw. I am collecting for dividend play

Posted by drteh84 > 2021-03-22 21:59 | Report Abuse

THIS STOCK....NOT EVEN HALF THE NTA....RIDICULOUS

Posted by tatwaiwong > 2021-03-22 22:01 | Report Abuse

实达集团（SPSETIA，8664，主板产业股）联营公司Retro Highland私人有限公司（RH公司）与吉隆坡市政厅签署主要协议，启动163亿令吉蕉赖QSPH综合房产项目，重建5650住宅单位，于2028年竣工。

作为交换，RH公司将有77.8英亩租赁土地，包括这项综合发展项目的土地。

我们中和看待这项消息，因为该项目要到2023年才会开始，没有短期效应。

假设税前盈利赚幅为20%，该项目净现值（NPV）约3亿7600万令吉，上调目标幅度约1.5%；由于没有初始资金支出，因此不会影响净负债率。

该发展项目将会有最低盈利保证约2亿2940万令吉，包含额外20%的税前盈利。

至于土地成本为每平方尺521.8令吉，或占发展总值的11.3%，与早前土地交换的价格相似，也符合周边土地价格水平。

项Quality Sustainable People Housing（QSPH）项目涉及建造3971个住宅单位、112间商店或摊位，市集和其他公共设施。

作为交换，DBKL将把52.52英亩的免除产权有期土地转让予Retro Highland。

根据QSPH项目第一期的建设3亿4479万令吉、第二期的8亿3512万令吉，以及1499万令吉的现金，土地总价为11亿9000万令吉。

实达集团指出，交换的土地计划用作一项综合发展项目，包括住宅和商业单位，预计发展总值为110亿3000万令吉，发展期为11年。

QSPH的发展和换地位于陈秀莲地区的东南部，紧邻蕉赖轻快铁站以东。

该集团补充，第一期和第二期预计各需4年才能完成，料2028年完工。

Posted by Willtolive > 2021-03-22 22:01 | Report Abuse

I check google map the land at Sri Melaka and Sri Pulau Pinang. Wow! It is along the MRR2 Cheras. Such a gem land

Posted by Willtolive > 2021-03-22 22:02 | Report Abuse

drteh84. what is MMC's NTA?

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

vanbasten9. clever fella like you should go trade big in US market, big money

Posted by drteh84 > 2021-03-22 22:05 | Report Abuse

ABOUT RM3.05

Posted by drteh84 > 2021-03-22 22:06 | Report Abuse

WHY AH? WHY PEOPLE KEEP THROWING?

Posted by drteh84 > 2021-03-22 22:09 | Report Abuse

i know some of my friends bought at RM1.24-1.28..... they already cut loss...just imagine u bought at that price...

Posted by Willtolive > 2021-03-22 22:15 | Report Abuse

waiting for dividend announcement next month

Posted by pingdan > 2021-03-22 22:34 | Report Abuse

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

Posted by pingdan > 2021-03-22 22:35 | Report Abuse

Detail can read from here... such a huge profit project..

Posted by pingdan > 2021-03-22 22:42 | Report Abuse

DBKL give 138.24acres to build 5,650 residential units (“Existing Units”), 112 shops/stalls, a market and public amenities

Posted by pingdan > 2021-03-22 22:42 | Report Abuse

In return they get 77.80acres land in return

Posted by pingdan > 2021-03-22 22:42 | Report Abuse

This free land free to develop whatever project

Posted by pingdan > 2021-03-22 22:43 | Report Abuse

But need to give 20percent actual profit to DBKL

Posted by pingdan > 2021-03-22 22:44 | Report Abuse

But this free land must provide at least RM229.42 million of minimum guarantee profit to DBKL

Posted by pingdan > 2021-03-22 22:45 | Report Abuse

From the annoucement, they estimate the Construction cost estimate at RM579.70mil to build 5,650 residential units (“Existing Units”), 112 shops/stalls, a market and public amenities

Posted by information > 2021-03-22 22:46 | Report Abuse

On Boustead Cruise acquisition is only expected to be completed by 3QCY21. As such you wont be seeing it impacting earnings of MMC. Further, by then they would announce their plan to convert it for different services (port).

Posted by Pinky > 2021-03-22 22:49 | Report Abuse

https://www.theedgemarkets.com/article/mmc-buys-tradewinds-50-stake-retro-highland-rm250m

In The Edge.

24 years of HIGHLY LIKELY order book replenishment for MMC ENGINEERING!

Posted by Pinky > 2021-03-22 22:53 | Report Abuse

Those having low entry cost would have wanted to take profit, thus dumping above RM1.10-1.20

When MMC spiked up to RM1.10-1.20, it attracted the attention of ikan bilis and fast-profit hunters/traders

Then when the dumping starts, those who bought at RM1.10-1.20 starts to panic and some decided to cut loss

After this, only quality investors would remain

Flushing out short term traders!

Posted by Willtolive > 2021-03-22 22:56 | Report Abuse

A good land for development is a hedge against inflation in the long term.

Posted by Pinky > 2021-03-22 22:58 | Report Abuse

And maybe insiders pulling down the price before this DBKL land deal announcement too...

Posted by Willtolive > 2021-03-22 22:59 | Report Abuse

Same way they kept price at 78 sen before QR announcement

Posted by Pinky > 2021-03-22 23:02 | Report Abuse

Willtolive and a good synergistic diversification too. They are already in infrastructure construction so property construction wouldn't be totally new to them. It's a natural diversification.

Instead of trying to tender for external jobs which they may or may not secure, they buy half a company to get an almost assured pipeline of construction work.

And property construction, even for low-mid cost ones, have fat margins if u compare with MMC's other segments!

Posted by pingdan > 2021-03-22 23:02 | Report Abuse

So in conclusion for acquisition announcement on last friday and today are for the medium to long term prospect for the company, which is good for the company.. expect the share price will go even higher after the huge correction

Posted by bobochacha > 2021-03-22 23:14 | Report Abuse

yes . i do agree both JV is good for long term growth of mmc .for short term only it will affect is cash position and bottom line abit

Posted by bobochacha > 2021-03-22 23:15 | Report Abuse

and mmc port business should be able to mitigate it.

Posted by Willtolive > 2021-03-22 23:22 | Report Abuse

Cash flow is not an issue if the assets are valuable and can be pledged against the loans

Posted by henry888 > 2021-03-23 07:24 | Report Abuse

"22-Mar-2021 MMC Corporation Bhd - Acquiring Cruise Business, Sea-Front Lands" - content is self explanatory and i opine most likely the cause for a slight down of the share price.

Posted by JP01 > 2021-03-23 07:35 | Report Abuse

If you are looking for prospect to buy a share then buy and keep enjoy dividends and wait for your target regardless the up and down in the process of making

Posted by JP01 > 2021-03-23 07:38 | Report Abuse

Pinky is so right no stock will fly indefinitely, so this is a correction and nobody able to guess the bottom it could be 1.03 which is yesterday or 0.94-0.98