MMC CORPORATION BHD

KLSE (MYR): MMCCORP (2194)

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11 people like this.

9,258 comment(s). Last comment by SincereStock 2021-12-25 16:07

Posted by Mayleow777 > 2021-06-04 10:17 | Report Abuse

Volume bigger

iswara

896 posts

Posted by iswara > 2021-06-04 10:18 | Report Abuse

MMCcorp hold Zelan , what benefit ?
If Zelan hold MMCcorp that is different , right?

calvintaneng

55,144 posts

Posted by calvintaneng > 2021-06-04 10:19 | Report Abuse

Whoa!

So many queueing to buy MMC at Rm1.69


After Amcorp Boss Datuk Hashim offered to take private from 54.5 sen to 90 sen another generous offer to take private MMC by Syed Moktar for MMC from Rm1.30 to Rm2.00

Why leh?

Answer:

BECAUSE OF NET NET ASSETS OF HIDDEN VALUE

AMPROP Got lands in Seabana Cove Book Value only Rm2.50 psf

Market value is Rm30 to Rm40 psf
See se.i3investor.com/blogs/www.eaglevisioninvest.com/2021-05-30-story-h1565957771-AMPROP_RESULT_BAD_BUT_WHY_DATUK_HASHIM_OFFERED_TO_TAKE_AMPROP_PRIVATE_A.jsp

So after privatise Datuk Hashim can sell Assets piece meal and reap back huge profits

He giving a good fair value

For MMC Corp Senai Airport lands book value Rm15 psf
Recently MMC sold these lands for Rm2 millions per acre

Lots of latent value!

Now Syed Moktar also interested in FGV

Why FGV?

Answer:

FGV lands Book value only 7.2 sen psf (Rm3,150)
Who ever can take private then will be BILLIONAIRES

So missed MMC? Still got FGV

Go buy some FGV

In time past these were taken private: TheStore, KBunai, TMakmur, Kulim. All for undervalue assets

These ones also very undervalue

1) WTK
2) EKSONS
3) THPLANT
4) BPLANT
5) JTIASA
6) CHINTECK
7) IJMPLANT
8) TSH
9) TAANN
10) TDM

emsvsi

3,517 posts

Posted by emsvsi > 2021-06-04 10:21 | Report Abuse

Discussions here are taking into account a revision of the SCR offer price higher than the RM2 ie 2.2 etc

emsvsi

3,517 posts

Posted by emsvsi > 2021-06-04 10:23 | Report Abuse

MMC intrinsic value is much higher. SM can afford 2.5 etc, increase and we all vote in favour and we say goodbye to the goose that lays the golden eggs, forever

calvintaneng

55,144 posts

Posted by calvintaneng > 2021-06-04 10:24 | Report Abuse

FGV NOW WILL REVISED OFFER PRICE ALSO BY AUG 3RD


1) SEE https://klse.i3investor.com/servlets/stk/2194.jsp

2)

iswara

896 posts

Posted by iswara > 2021-06-04 10:24 | Report Abuse

The announcement stated capital reduce 2 , right ? not privatize.
if so , share holder will get 2 + share price if get proposal approved

Posted by vincent cym > 2021-06-04 10:44 | Report Abuse

congts second FGV this year

8888_

2,919 posts

Posted by 8888_ > 2021-06-04 10:52 | Report Abuse

After MMC privatisation what's SM next move? FGV RTO, Media Prima privatisation or UEM Sunrise/MSM takeover?

Posted by investor_lauzy > 2021-06-04 10:55 | Report Abuse

@iswara

Then if I take c28 as example:

Current price 0.385
Exercise price: 1.2
Ratio: 3.8

Assume mother is 2.2 next trading day
2.2 - 1.2 = 1
01/3.8 = 0.26

C28 current price is 0.385 vs 0.26. Then isn't c28 also overvalued? Now c28 has limit up without sellers. How does this differ from C25 example you shared but c25 no one wants

fms016

314 posts

Posted by fms016 > 2021-06-04 10:55 | Report Abuse

Those waiting RM1.69 probably Tan Sri..bilis only little..

Superb99

6,589 posts

Posted by Superb99 > 2021-06-04 10:56 | Report Abuse

nice profit for my c23...rock n roll!!!

SincereStock

2,265 posts

Posted by SincereStock > 2021-06-04 11:04 | Report Abuse

SURIA start moving already, don't miss the train

iswara

896 posts

Posted by iswara > 2021-06-04 11:21 | Report Abuse

@investor_lauzy

for me, I will sell all of them. or leave portion see tuesday can sell higher.

All this happen by investors action, nothing can guide which is correct.
Remmember, last year Glove counter up put warrant still can up, will you buy in ?

Latok K

98 posts

Posted by Latok K > 2021-06-04 11:30 | Report Abuse

yesza,, 67% profit buy at 1.01 2 month ago

SincereStock

2,265 posts

Posted by SincereStock > 2021-06-04 11:38 | Report Abuse

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

Posted by Sweetchocalates > 2021-06-04 11:41 | Report Abuse

Rm220 million support HAHAHA

Inv3st0r69

195 posts

Posted by Inv3st0r69 > 2021-06-04 11:54 | Report Abuse

why ppl buying C23 at price higher than RM0.357?

The formula = (2-1)/2.8 = should be RM0.357

Inv3st0r69

195 posts

Posted by Inv3st0r69 > 2021-06-04 11:56 | Report Abuse

so these ppl buy c23 at RM0.395 just to get back RM0.357? what is that logic? am i missing something?

Posted by investor_lauzy > 2021-06-04 12:05 | Report Abuse

Well i guess ppl are aiming for a second limit up 2.2 next Tuesday then c23 is worth it

keown83

627 posts

Posted by keown83 > 2021-06-04 12:25 | Report Abuse

https://www.theedgemarkets.com/article/syed-mokhtar-take-mmc-private-scr-rm294-billion-confirms-edges-report

guys, im not used to this kind of exercise..does this mean that MMCCORP will be out of open market once iit reached RM2.00 price?

SincereStock

2,265 posts

Posted by SincereStock > 2021-06-04 12:42 | Report Abuse

@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

DepecheM

810 posts

Posted by DepecheM > 2021-06-04 12:48 | Report Abuse

Those who already sold are clueless how to make money from stocks.... this kind of golden opportunity don't come everyday....Tuesday most likely will limit up again and no one may get a single ticket.. some more got ppl say will sell all their tickets today...LOL

SincereStock

2,265 posts

Posted by SincereStock > 2021-06-04 12:53 | Report Abuse

@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

clouud1234

937 posts

Posted by clouud1234 > 2021-06-04 13:08 | Report Abuse

i buy 0.395 sell back 0.60,cannot meh?after i buy the warrant,am i 100 %must do conversion?of course not ,right.Think.

clouud1234

937 posts

Posted by clouud1234 > 2021-06-04 13:10 | Report Abuse

depend on the banker want to goreng or not only.Now no buyer,they must attract buyer in order for them to sell.How to attract buyer?Pushing up the price.

clouud1234

937 posts

Posted by clouud1234 > 2021-06-04 13:11 | Report Abuse

this is just the beginning.More to come.

clouud1234

937 posts

Posted by clouud1234 > 2021-06-04 13:11 | Report Abuse

my personal opinion.not necessary 100 % true.

clouud1234

937 posts

Posted by clouud1234 > 2021-06-04 13:13 | Report Abuse

is Sedania worth 1.77 or not?Why it up until 1.77?

bobochacha

536 posts

Posted by bobochacha > 2021-06-04 13:13 | Report Abuse

suddenly ini calvintan masuk promote his plantation stock

clouud1234

937 posts

Posted by clouud1234 > 2021-06-04 13:16 | Report Abuse

calculate so much for what,most of the time rubbish stock also can up crazily.For trader,no need to calculate too much.Just follow the wind.Long or mid term investor must calculate.Today buy CW ,Tuesday already sold with profit,even this cw is not worth this price.

clouud1234

937 posts

Posted by clouud1234 > 2021-06-04 13:18 | Report Abuse

Tuesday probably will limit up or normal up.CW will follow

aliyusof

1,393 posts

Posted by aliyusof > 2021-06-04 13:25 | Report Abuse

DepecheM...i am very puzzled too why who hold tickets sold 1.69 today when friends asked me just now. Ha ha, they know something we do not know yet? Tak faham
04/06/2021 1:25 PM

aliyusof

1,393 posts

Posted by aliyusof > 2021-06-04 13:29 | Report Abuse

I queued to buy 1.69 very early but already 1m+ in front..
Hopefully get it..day dreaming..ha ha

keown83

627 posts

Posted by keown83 > 2021-06-04 13:31 | Report Abuse

not all counter behave like that la..u can do that to penny goreng stock..we are talking about giant like mmccorp..there's a reason why giant counters never dip too low for no fundamental reason..if not then even airasia can go up to RM10 right now even though its ridiculous like sedania & dataprep which have no fundamental background yet price goreng like no tomorrow

keown83

627 posts

Posted by keown83 > 2021-06-04 13:32 | Report Abuse

@SincereStock aahh..that's interesting..so we wait for the next announcement then..thank's for the info

clouud1234

937 posts

Posted by clouud1234 > 2021-06-04 13:40 | Report Abuse

Aiyah,no matter what counter lah,if they want to goreng,apa lncau pun dia mau goreng lah.

clouud1234

937 posts

Posted by clouud1234 > 2021-06-04 13:49 | Report Abuse

apa (lin )pun got people buy in later near closing.
Otherwise,whatelse can you buy now?all limit up lah tuesday,hopefully.people are greed.So ,later apa lncau pun will limit up i think.

DepecheM

810 posts

Posted by DepecheM > 2021-06-04 13:52 | Report Abuse

@Aliyusof... probably they'll say..." I am not greedy lah...39 sens gain enough already..." but they can't tell Tuesday would surely gain more?...no risk... just need to wait till Tuesday... don't understand.

i3lurker

13,685 posts

Posted by i3lurker > 2021-06-04 13:55 | Report Abuse

I believe got some people margin call elsewhere maybe Serba so sell no choice

fms016

314 posts

Posted by fms016 > 2021-06-04 13:58 | Report Abuse

Not all CW LU..meaning, they know the limit..
Operator maybe play with the price with the hope somebody will buy it at high price..still can profit today or Tuesday but probably trap another investor..only C23 look nice to buy today because the price below 0.357..but now no more..i'm able to sell 38 cent from 34.5 cent instead can sell higher because suddenly drop to 37 cent because of greedy waiting for LU..huh

clouud1234

937 posts

Posted by clouud1234 > 2021-06-04 13:59 | Report Abuse

Some people greedy little,some greedy a lot.90% is superb greedy i think.

MasterYoda

975 posts

Posted by MasterYoda > 2021-06-04 14:04 | Report Abuse

wah so many tai lan ngong sell $1.69 ke ke ke

Inv3st0r69

195 posts

Posted by Inv3st0r69 > 2021-06-04 14:23 | Report Abuse

how is that possible? limit up more than rm2? errr the offer is rm2.. why would u buy more than rm2??

tiongkeat

405 posts

Posted by tiongkeat > 2021-06-04 14:31 | Report Abuse

if Tuesday another limit up of 30% mean > Syed Mohktar offer price? possible to happen?

Posted by Mohd Yazid Mohd Ali > 2021-06-04 14:31 | Report Abuse

Orang bodoh jual 1.69 ,,buyer sudah offer 2.dan sudah inform bskl ,lagi jual 1.69 minggung pun olang ?????

Posted by Mohd Yazid Mohd Ali > 2021-06-04 14:37 | Report Abuse

Beli 2 lot bising satu dunia macam tin kosonh?,orang beli 500 lot & .78 diam diam saja

Moratorium

205 posts

Posted by Moratorium > 2021-06-04 14:38 | Report Abuse

Inv3st0r69 how is that possible? limit up more than rm2? errr the offer is rm2.. why would u buy more than rm2??

SincereStock @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
04/06/2021 12:42 PM

Hi Inv3st0r69, See SincereStock good explanation above. Hence, the answer to your first two question is yes. The third answer would depend on each individual whether they want to take risks and be greedy or not

fms016

314 posts

Posted by fms016 > 2021-06-04 14:40 | Report Abuse

Now another Upper Limit open for CW..only c24 and c29 look good to buy but almost another LU..

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