Posted by kevinobc > 2021-04-26 17:00 | Report Abuse

hopeless for shipping and aviation right now due to the of covid again ! moving to tech and gloves counters...

Posted by paultheoct > 2021-04-26 17:27 | Report Abuse

kevinobc:

The article is describing the passenger cruise ships. Wrong channel.

Every MMC's ports are reporting great results.
FY2020 PAT
PTP: 228M +69%
Northport: 82M + 25%
Tanjung Bruas: 4.6M +22%
Penang Port: 48.4M +17%

At an output of 600k plus metric tonnes per year, Malaysia ranks 6 in terms of major producer of latex. The biggest producer of latex is Thailand with close to 5M metric tonnes per year.

Malaysian glove factories use only 8% of locally sourced rubber. 92% is imported from Thailand.

There is currently a glove boom like the 1848 California gold rush. Like the gold rush, it was the merchants who made money. That's how Levi Strauss became rich and the start of the maxim, "during a gold rush, sell shovels."

What do the glove factories need?
Gas : Gas Malaysia
Electricity: Malakoff
Container Haulage: Kontena Nasional
Import of latex and export of gloves: Many ports, pick one

Go ahead and build more glove factories, import more latex and produce and ship more gloves.

MMC has complete set of shovels!

Posted by DepecheM > 2021-04-26 17:34 | Report Abuse

May should see more upside... can't stay stagnant for long with all catalysts in place.

Posted by tatwaiwong > 2021-04-26 18:37 | Report Abuse

丹絨布魯斯港啟動港口發展計劃
MMC集團的成員Tanjung Bruas港口有限公司（Tanjung Bruas港口）在馬六甲的Tanjung Kling港口啟動了港口發展計劃。

該活動由馬六甲港口管理局主席拿督Koh Chin主持，丹絨布魯斯港口主任Derick Basir博士，Kumpulan Melaka Berhad首席運營官Ir Khairul Ezuan Harun，馬六甲環境司司長Rosli Haji Osman出席了活動。海關部門的穆罕默德·阿姆扎爾·阿卜杜勒·馬南（Muhammad Amzar Abdul Manan）。

自2016年11月接手業務以來，丹絨布魯斯港口已分階段重建。港口重建的第一階段已完成，耗資超過一千萬令吉。同時，該開發項目繼續進行打樁工程，這標誌著港口發展計劃的第一階段（A）第一階段，涉及碼頭甲板在其現有“ L形”碼頭的邊緣擴展了50米，從而成為線性泊位，從而可以進行全面優化泊位長度的整個泊位長度將從175米增加到225米。

港口發展計劃已經制定，旨在通過對現代設備的投資來改善現有港口設施，以改善運營狀況。計劃於2026年完成的這項新擴建計劃將使丹戎布魯斯港口的容量從目前的120萬載重噸提高到每年500萬載重噸。

Posted by SincereStock > 2021-04-26 18:39 | Report Abuse

gogo MMC, zakat paying syariah company sure go good way in bulan ramadhan ^_^

Posted by RAYDALIO_MALAYSIA > 2021-04-26 19:37 | Report Abuse

@kevinobc dun be people laughing stock at this MMC forum......if you are half boiled egg standard then pls keep quiet

Posted by emsvsi > 2021-04-26 22:06 | Report Abuse

During Covid-19, MMC's ports have actually seen higher volumes and improved profits as evidenced in 2020 (even 3Q20, ports saw higher YoY performance vs 3Q19)

Posted by emsvsi > 2021-04-26 22:11 | Report Abuse

With reopenings, global economic recovery, government stimulus, commodities bull run, supply chain reorganisation (China-US trade war etc),, shipping and international trade will go in a supercycle just as in the past after every recession

Posted by ystmywh > 2021-04-26 22:33 | Report Abuse

Hi, i would like to ask why this share price keep dropping from around rm2.50 at 2017 to less than rm1 around February 2020 ? thans in advanced

Posted by kingkaito99 > 2021-04-26 22:47 | Report Abuse

@paultheoct wahh nice one

Posted by bobochacha > 2021-04-26 23:15 | Report Abuse

https://www.theedgemarkets.com/article/sabah-pan-borneo-highway-could-proceed-pfi

article related MMC.

Posted by Kingfisher > 2021-04-27 09:09 | Report Abuse

Many knew that MMC might list its huge very profitable Port Business by end of this year.
But many do not know that MMC might even reward all MMC shareholders with free bonus issue of shares of its Port Business to all MMC shareholders including the major owner Syed Mokhtar..
Think further, what would be the share price of MMC then ???

Posted by Superb99 > 2021-04-27 09:25 | Report Abuse

I only know this giant is hard to fly since years ago...Good fundamental but price is quite flat

Posted by petnch2020 > 2021-04-27 09:32 | Report Abuse

ystmywh,

The reason to the fall in share price that started back in end 2017 was mainly due to Trump's announcement of a trade war strategy to other major economies in particular China ( he also started a trade war with Europe and even US major trade partners like Mexico and Canada). The US-China trade war officially started in January 2018. This had dampen the outlook of global trade which directly affected port operators like MMC.

However with Biden, most analysts are assuming a normalised outlook for the global trades. In addition, with the normalisation of major economics like US, China and Europe, we should expect global trades to rebound back. Actually we have seen this already in 4Q20. Hence why i believe, MMC should be at least trading at pre trade war level of above RM2 per share.

Posted by jgb349000 > 2021-04-27 09:45 | Report Abuse

Operator pressing down again..as always

Posted by JoshuaMS7 > 2021-04-27 10:20 | Report Abuse

walao dropping fast again!! what's up?? everytime up fast one day afterwards must drop faster!! :(

Posted by emsvsi > 2021-04-27 10:25 | Report Abuse

BREAKING

DP World global container volume grows record 10.2% in Q1
Michele Labrut | Apr 26, 2021

Dubai-headquartered DP World said gross container volumes across its global portfolio increased by 10.2% in the first quarter of this year compared to the same period in 2020.

Overall the company handled 18.9m teu in what was described in a statement as a “strong start to the year”, particularly at terminals in India and Australia.

DP World’s Jebel Ali terminal handled 3.5m teu in the first three months of the year, up 2.6% year-on-year.

“We are delighted with the strong start to 2021 with our portfolio delivering 10.2% volume growth in 1Q 2021, which is once-again ahead of industry estimated growth of 8.9%. This performance is ahead of expectations and illustrates the resilience of the global container industry, and DP World's continued ability to outperform the market,” said Chairman and CEO Sultan Ahmed Bin Sulayem.

“Overall, the strong start to the year leaves us well placed to deliver an improved performance in 2021, and despite the more benign trading environment, we remain focused on containing costs to grow profitability, managing growth capex and continued execution of our strategy of delivering supply chain solutions to beneficial cargo owners.”

He admitted the business “performed better than expected” in 2020 despite reporting a 27% drop in profits from the previous year.

Copyright © 2021. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.

Link: https://www.seatrade-maritime.com/ports-logistics/dp-world-global-container-volume-grows-record-102-q1


Global recovery and international trade is on a supercycle

Posted by SincereStock > 2021-04-27 10:29 | Report Abuse

everyone stay positive, operator can't do much if we all holding tight

Posted by JConnor > 2021-04-27 10:43 | Report Abuse

can collect more at lower price....

Posted by kasrim > 2021-04-27 10:44 | Report Abuse

ok.. kolek2

Posted by paultheoct > 2021-04-27 10:59 | Report Abuse

petnch2020:

Interesting angle on trade war. However, if the trade war were to impact port operators, Westports would have been hit as well, but was not.

It's puzzling that MMC did a lot better in FY2020 compared to FY2017.

2017
Rev 4160M
PBT 451.7M
PAT 267.5M

2020
Rev 4489M
PBT 645.5M
PAT 445.7M

My inclination is to think that it was an effect of the opposite of irrational exuberance (irrational despair?) on construction stocks when the MRT3 and HSR projects were cancelled in May 2018. Look at Gamuda and YTL share prices during that period. Although MMC's businesses were diversified, the baby was thrown out with the bath water during the construction stocks selloff.

What created the perfect storm was a disposal by various funds. Between 16 Mar 2018 and 19 Mar 2021, Lembaga Tabung Haji, EPF, KWAP and AIA
disposed 492.7M.

492.7M shares is a big block. If someone were to purchase that amount of shares today, it will cause limit up 4 times to RM3 and still may not be able to complete the purchase.

Enclosed below are the links to the full shareholder listings.

(As an aside, EPF has 499.5M shares in TopGlove. TG's shareholders better hope that EPF will not pull off another stunt of selloff).



Paul The Octopus



16 Mar 2018

Lembaga Tabung Haji 231,569,700 7.60
Citigroup Nominees (Tempatan) Sdn Bhd 154,833,600 5.08
– Employees Provident Fund Board
Kumpulan Wang Persaraan (Diperbadankan) 93,632,400 3.07
Citigroup Nominees (Tempatan) Sdn Bhd 76,160,100 2.50
– Exempt AN for AIA Bhd

Page 235 of 2017 Annual Report


19 Mar 2021

Lembaga Tabung Haji 0 0%
Citigroup Nominees (Tempatan) Sdn Bhd 53,804,200 1.77
- Employees Provident Fund Board
Kumpulan Wang Persaraan (Diperbadankan) 9,655,600 0.32

Citigroup Nominees (Tempatan) Sdn Bhd 0 0%
– Exempt AN for AIA Bhd

Page 313 of 2020 Annual Report


EPF's holdings of Top Glove

29 OCTOBER 2019
Citigroup Nominees (Tempatan) Sdn. Bhd.
- Employees Provident Fund Board
166,352,722 6.5

28th Oct 2020
Employees Provident Fund Board 462,051,866 5.674

22nd April 2021
Employees Provident Fund Board 499,516,266 6.087

Posted by emsvsi > 2021-04-27 11:04 | Report Abuse

BREAKING

China’s imports and exports in the first quarter increased by 38.3% from the same period in 2020
27/04/2021

In March 2021, the Maritime Silk Road Trade Index (STI) released by the Ningbo Shipping Exchange showed that the import and export trade index was 163.83 points,up 33.70% year-on-year; the export trade index was 167.18 points,an increase of 30.24% year-on-year;the import trade index was 160.42 points,up 37.57% year-on-year.

From January to March, China total import and export trade value was US$1,302.9 billion,a year-on-year increase of 38.3%.The total export trade value was US$710.0 billion,a year-on-year increase of 48.7%;the total import trade value was US$593.0 billion,a year-on-year increase of 27.6%.

--

Full article: https://www.hellenicshippingnews.com/chinas-imports-and-exports-in-the-first-quarter-increased-by-38-3-from-the-same-period-in-2020/

Comments: Data from the article shows Malaysia ranked 9th and China-Malaysia total import and export trade value increased 32.6% year-on-year in the Jan-Mar 2021 period

Posted by Pinky > 2021-04-27 12:06 | Report Abuse

@emsvsi changed picture from Genting to MMC liao hahahahaha

Posted by bobochacha > 2021-04-27 12:50 | Report Abuse

yes..

EPF stake =1.7%
tabung haji stake = 0%
kwap stake = 0.32%

i see this is very good news for MMC corp. because big boys have nothing to throw. they only can collect.

Posted by bobochacha > 2021-04-27 12:51 | Report Abuse

once when the local fund found out this is a gem they should recollect. i can not imagine MMC can reach what price. OMG

Posted by petnch2020 > 2021-04-27 12:58 | Report Abuse

Hi paul,

Thanks for your input. Agree that the cancellation of the major infra project was a big negative affect for MMC back in 2018. But if you look at the share price, it actually started to fall from around 2.50 level back in Aug 2017 to 1.40 just before the election. For me this fall coincide with the initial announcement of potential US China trade war in Aug 2017. Then worsen starting Jan 2018 with the first tariff impose on solar panels and washing machines product which are mainly imported from China.

Then MMC share price fell again from rm1.50 to around rm1 after the general election. Which is in line with what you had highlighted.

Anyway, both of the issues above seems to be improving (better global trade partnership and the revival of MRT3) which should be good for MMC performance and outlook in the future.

With regards to the crazy selling by some institutional investors, i think we should see their influence to the share price reduce substantially soon. The biggest issue for me was actually Urusharta which took ownership of the shares from Tabung Haji in 2018. In Mar 2019 they had 234mil share. They actually panic sell their holdings back in mar 2020 to bring down their holdings to 103mil. And continue to sell aggressively throughout 2020. The good news is that as of 19 mar 2021 they only have 15.5mil only. EPF also panic sell back in Mar 2020 bringing down their holdings from 153 mil to 53mil as of end mar 20. And since then their holdings has remain constant. As of 19 mar 2021 they still hold 54mil shares. It seems that the one that has been buying shares sold by our institution are foreign funds which is good as i think they are more value oriented.

If urusharta or any other big shareholders want to sell, i think they would have already reduce their holdings substantially given that the total transaction volume since 19 Mar 2021 (the most recent shareholder list date) to 26 Apr 2021 was around 440mil shares.

I dont think Tan Sri Syed and PNB are looking to reduce their ownership given the positive outlook lining up for the company. Both hold around 72.8% interest in MMC.

Posted by bobochacha > 2021-04-27 13:14 | Report Abuse

yes.. foreign fund can see through something that local fund cannot .. shame on you local fund.

Posted by bobochacha > 2021-04-27 13:18 | Report Abuse

i very the like petnch2020 posting, your writing style 99% macam a financial analyst.

or indeed you really are one??

Posted by Pinky > 2021-04-27 15:05 | Report Abuse

Give u guys confidence.

I topped up at 1.10 just now.

My MMC average buy cost now = 0.89

Posted by JoshuaMS7 > 2021-04-27 16:17 | Report Abuse

It seems another drop to 1.03 again!!

Posted by Inv3st0r69 > 2021-04-27 16:25 | Report Abuse

still at 1.10.. when will this one limit up til rm3? :'-(

Posted by Superb99 > 2021-04-27 16:42 | Report Abuse

ya, gg again, need to wait till next q result...hope can rebound by then

Posted by weikang_95 > 2021-04-27 16:54 | Report Abuse

Healthy retraction. This is what i love to see, hiking up slow and steady, nothing to worry. Good fundamental and lot of good catalyst up there. Top up more today. Next QR will be the charming prince that help to wake this beautiful princess up.

Posted by ystmywh > 2021-04-27 18:22 | Report Abuse

thank you pntech for the reply

Posted by Derrick Gan > 2021-04-28 09:56 | Report Abuse

Hold at 1.10.... , based on MA20, still uptrend after break 1.01 on 19 Apr

Posted by paultheoct > 2021-04-28 10:29 | Report Abuse

petnch2020:

You're definitely the go-to guy for MMC!

I had a look at the charts for MMC, Westports, Genting and Gamuda for the Aug 2017 - Dec 2018 period and noticed more of political rather than US-China trade war effect.

Like you have said, all those is now water under the bridge. It's all clear skies going forward.

The next QR will hopefully trigger a panic buy among local funds. The increasing quarterly results ought to reduce the sum-of-parts discount and will move MMC upwards faster than the current glacial speed.

Posted by SincereStock > 2021-04-28 10:37 | Report Abuse

cheers all who knowing the underlying value of MMC here, hold tight, sleep well, waiting for the time to come ^_^

Posted by emsvsi > 2021-04-28 10:42 | Report Abuse

BREAKING NEWS

Container volume at top Chinese ports up 14.2% in early April

Container volume at eight major Chinese ports increased 14.2% year-on-year in early April, according to the statistics released by China Ports and Harbors Association.

Katherine Si | Apr 27, 2021

Export container volume increased 15.6% while the domestic volume increased 10.5% in early April. Among which, the port of Xiamen and Shenzhen posted a growth rate of over 30%.

Cargo throughput at major coastal hub ports increased 8.1% year-on-year while the international trade cargo throughput increased 2.5%.

Related: Major Chinese container ports volume up 10.8% in late March

Crude oil shipments at major coastal ports slightly increased 10.7% year-on-year. The port of Tianjin posted a growth rate of over 40%. Port inventory increased 31.1% year-on-year.

Metal ore shipments at major Chinese ports grew 8.6% while the port inventory increased 10%.

Cargo throughput at three major Yangtze river ports increased 2% year-on-year in early April while the container volume increased 23.7%.

Copyright © 2021. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.

Link: https://www.seatrade-maritime.com/ports-logistics/container-volume-top-chinese-ports-142-early-april


Comments: International trade will go on a supercycle that will last for years in line with the global economic recovery. MMC's time has come and the deep value will finally be realised and unlocked in 2021

Posted by Jeff7 > 2021-04-28 12:49 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3152405

Westport at record high result

Posted by aliyusof > 2021-04-28 13:08 | Report Abuse

https://www.theedgemarkets.com/article/westports-sees-singledigit-container-throughput-growth-level-2021?type=malaysia

Posted by pingdan > 2021-04-28 13:27 | Report Abuse

Mar 21 Export +31% and Import +19.2% year on year.. also westport post a another great qoq result.. great news for MMC

Posted by pingdan > 2021-04-28 13:31 | Report Abuse

Hmm westport only single digit grow.. as per mar 21 data, we got double digit grow in import and data. then who took the double digit grow?MMC?

Posted by Pinky > 2021-04-28 15:24 | Report Abuse

Westport results so good but no rally? Hmmm...

But MMC so strong today XD

Posted by Seeyouatthetop > 2021-04-28 15:24 | Report Abuse

https://www.theedgemarkets.com/article/malaysias-march-exports-surge-31-yoy-fastest-nearly-four-years

Posted by SincereStock > 2021-04-28 15:45 | Report Abuse

@pinky westport already overvalue, PE20, at least 4x above NTA, 6 EPS just the minimal expectation, hardly promote any rally. MMC is totally different situation, especially if MMC next EPS can be higher than 6

Posted by Seeyouatthetop > 2021-04-28 15:46 | Report Abuse

https://www.chinapress.com.my/20210428/%E7%94%B5%E5%AD%90%E4%BA%A7%E5%93%81%E9%9C%80%E6%B1%82%E5%B8%A6%E5%8A%A8-3%E6%9C%88%E5%87%BA%E5%8F%A3%E6%B6%A831/

Posted by SincereStock > 2021-04-28 15:50 | Report Abuse

btw, another undervalue logistic company that can be boosted by improved EPS is SURIA. same as MMC being overlooked. while SURIA this situation is understandable for being smaller company. It is hard to believe that MMC price not yet boomed with so many obvious catalyst

Posted by Bryanlsh > 2021-04-28 16:06 | Report Abuse

U may ask me y wprts price remain unmoved despite its 36% growth? Well ,is simple... Cos its pe is ard 18 liao..6.1 x 4 = 24.4 cts, share price 4.24 which transacted into pe of 18+-,share price oledi factor in ! where as mmc s pe is only 4+.... still plenty room to go ! this stock is extremely under value !

Posted by SincereStock > 2021-04-28 16:09 | Report Abuse

@Bryanlsh exactly~!

Posted by DepecheM > 2021-04-29 05:12 | Report Abuse

Malaysia's March exports was strong... that means ports were busy....2H results should be very good.