MMC CORPORATION BHD

KLSE (MYR): MMCCORP (2194)

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11 people like this.

9,240 comment(s). Last comment by emsvsi 2024-10-09 23:06

clc689

42 posts

Posted by clc689 > 2021-09-29 01:15 | Report Abuse

@valueinvesting the weekly fund flow report from securities research CIMB, MIDF got publish weekly, not sure other research bodies

fairyz

344 posts

Posted by fairyz > 2021-09-29 01:24 | Report Abuse

MMC has so many plan to do M&A but seems stopped here and there


Let's see next coming months if we would see any big surprise....

clc689

42 posts

Posted by clc689 > 2021-09-29 01:27 | Report Abuse

@kinuxian Im on the same boat and do believe TSSM should be able to privatize MMC like what he did last time privatized Bernas and Tradewinds with blessing from government fund
TSSM has good experience in privatization…

The fact is local institutions net seller last week where I thought was retailer panic selling caused it.. turns out retailers are the net buyer…

Hopefully no private fund object it and all got 20% earning finger cross~~

SincereStock

2,423 posts

Posted by SincereStock > 2021-09-29 09:18 | Report Abuse

sold my MMC at RM1.78, RM0.13 profit without needing to going through the voting ^_^ I am satisfied enough that I got 3 rounds of profit here already, gd luck to you all that convinced that the SCR will go through.

Posted by Mohd Yazid Mohd Ali > 2021-09-29 09:20 | Report Abuse

Buy buy buy some more positiv news ???

SincereStock

2,423 posts

Posted by SincereStock > 2021-09-29 09:23 | Report Abuse

I am not that positive with the mentality of justice by some of the so called long term value investors, only willing to risk go through the voting at discounted price like below RM1.7

sethoylo

146 posts

Posted by sethoylo > 2021-09-29 09:30 | Report Abuse

good luck to you too..

Johnzhang

3,098 posts

Posted by Johnzhang > 2021-09-29 09:53 | Report Abuse

Reached $1.79 . Just over 2 days the prospect of privatization succeeding suddenly turn brighter???
I still hold the belief that it will go thru in tomorrow’s EGM. It’s worth the risk I took last Friday loading up at $1.64.

Posted by menotassassin > 2021-09-29 10:02 | Report Abuse

Yesterday short selling 500k, today Bursa website didnt show any short selling total. Meaning they covered back yesterday. Short selling to collect.
The SCR will go through!

Karlos

1,294 posts

Posted by Karlos > 2021-09-29 10:31 | Report Abuse

@Johnzhang, well deserved. You have done the most rational thing!

Posted by ValueInvesting > 2021-09-29 10:40 | Report Abuse

@clc689 thanks for sharing! Regarding the reason for local institutions being net sellers last week, my guess is that due to their longer investment time horizon and greater "Investment discipline", they may have chosen to take some profits first hedge against the SCR not being approved as it is ultimately still an uncertain outcome. Whereas retailers may be more focused on the short term gain from the SCR and are more willing risk our relatively small investment sum. Just my guess lah.

Posted by menotassassin > 2021-09-29 10:45 | Report Abuse

It is highly unlikely the SCR will fail, as there is almost no chance for MMC to go higher than RM2 in coming years as it's a conglomerate, just like Berjaya.
Unless there are more than 10% that hope for higher offer from TSSM. TSSM is highly unlikely to offer any higher price as everyone knows MMC hardly ever touch RM2, he might as well just buy it from open market and trigger a compulsory take over once his share reaches 90%.

Posted by Mohd Yazid Mohd Ali > 2021-09-29 11:09 | Report Abuse

2.00 coming soon

SincereStock

2,423 posts

Posted by SincereStock > 2021-09-29 11:11 | Report Abuse

@kinuxian good idea, but I will suggest replace TENAGA with SURIA. imo, TENAGA is currectly trade at it's fair price, not undervalued. Should have look for undervalue stock to swap instead. Moreover, SURIA is the stock is the most similarities with MMCCORP

fyi, most of my investment money now have already put into SURIA

SincereStock

2,423 posts

Posted by SincereStock > 2021-09-29 11:13 | Report Abuse

I don't suggest people invest into counter that is currently traded at fair value, why? simple just see what happen when people invest MMC at it's fair value (above RM2)

ONLY aim for those undervalued one

SincereStock

2,423 posts

Posted by SincereStock > 2021-09-29 11:13 | Report Abuse

not just any undervalue counter, but at least 50% discount from it's fair value

Posted by Mohd Yazid Mohd Ali > 2021-09-29 11:15 | Report Abuse

Concentrete on mmc only ,forget about other cuonters ,1 m coming soon ,Alhamdulliah ,bought 500 lots @ .78 - .80,mac 2020 ,wang besar coming soon

Karlos

1,294 posts

Posted by Karlos > 2021-09-29 11:21 | Report Abuse

@menotassossin. I agree on what you said. If SCR fails, the minority shareholders got nothing to gain but most probably will suffer loss. On the other hand the Offeror can buy cheaper than the failed offer price of RM 2. Take it private directly via share purchase at lower cost!
That is why I have been saying it is crazy to oppose the offer on the table now.

Posted by ValueInvesting > 2021-09-29 12:03 | Report Abuse

@Mohd Yazid Mohd Ali, congrats on your windfall! Let's vote tomorrow for the SCR reso to pass.

Johnzhang

3,098 posts

Posted by Johnzhang > 2021-09-29 12:08 | Report Abuse

@karlos, I think the listing rule is a general offer is triggered if any shareholders already holding more than 33% in the company increase it's shareholding by 2% or more within any 6 months period. SM definitely has no time to waste on this . He will do what it takes to make it successful in one go.

Karlos

1,294 posts

Posted by Karlos > 2021-09-29 14:44 | Report Abuse

It seems if the offer fails, the Offeror may get to take MMC private via a longer but cheaper way. Very ironic!

Karlos

1,294 posts

Posted by Karlos > 2021-09-29 14:55 | Report Abuse

The Offeror has more to gain if this offer fails and the minority share holders have more to lose!

WenJun

542 posts

Posted by WenJun > 2021-09-29 15:05 | Report Abuse

Actually, that is incorrect, if the offeror has to buy in the open market, it will probably end up like FGV, shoot past the takeover price if it failed.

Karlos

1,294 posts

Posted by Karlos > 2021-09-29 15:14 | Report Abuse

Then why the price of MMC dropped recently ? If SCR passed, it will rise to RM 2, if fails it may go over RM 2 ?

ruslimz

1,613 posts

Posted by ruslimz > 2021-09-29 15:19 | Report Abuse

market operators were in action laaaa...

lofan73

216 posts

Posted by lofan73 > 2021-09-29 15:22 | Report Abuse

just 2 cts, the GMD is a well known corporate figure who is the specialist in turning ard the company. sure confirm the deal is all settled aldy

Posted by Benhobenhobenho > 2021-09-29 15:28 | Report Abuse

Sure, vote will go thru tomorrow from the reaction of the market today

WenJun

542 posts

Posted by WenJun > 2021-09-29 15:36 | Report Abuse

@Karlos Sep 29, 2021 3:14 PM | Report Abuse

Then why the price of MMC dropped recently ? If SCR passed, it will rise to RM 2, if fails it may go over RM 2 ?

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

If it fails under a takeover proposal like the one with FGV, then it will shoot past RM2, but unfortunately, this is SCR, the uncertainty is there.

The recent drops are risk management, market psychology, and behavioral finance at work. No one knows for sure that the SCR will pass, so they trade according to their understanding and risk tolerance. So, when there is some heavy selling, the reasonable thing to do is assume the takeover will be failed, so fund managers will naturally cut some of their positions to reduce risk exposures, assuming no insider information. Even if those funds are aware of the insider information, they are unlikely to act on it, since it will trigger more harm (career, legal, and reputation) than short-term monetary gain.

Johnzhang

3,098 posts

Posted by Johnzhang > 2021-09-29 15:43 | Report Abuse

Our market is seriously lack of liquidity and lack of buying interest . As such , manipulator has its way .

Karlos

1,294 posts

Posted by Karlos > 2021-09-29 15:46 | Report Abuse

@WenJun, I though you predict if it fails, price will exceed the offer price?

Posted by ravenhongwei996654 > 2021-09-29 15:48 | Report Abuse

CHILL guys, from what i got from my friends working in registrar the deal failed. im gonna sell all. Luckily i bought in 1.64.

Karlos

1,294 posts

Posted by Karlos > 2021-09-29 15:49 | Report Abuse

Any how we all, except those that sold recently, are finally a happy lot!

rohank71

912 posts

Posted by rohank71 > 2021-09-29 15:51 | Report Abuse

good luck ravenhongwei...

Karlos

1,294 posts

Posted by Karlos > 2021-09-29 15:51 | Report Abuse

@raven, be careful it it fails for whatever reason price may even go pass the offer price!

Posted by Benhobenhobenho > 2021-09-29 15:51 | Report Abuse

All kind of rumours around, who to believe?

Posted by ravenhongwei996654 > 2021-09-29 15:51 | Report Abuse

buy at your own risk!!!

rohank71

912 posts

Posted by rohank71 > 2021-09-29 15:52 | Report Abuse

belive the EGM results at 12.00 noon tomorrow

WenJun

542 posts

Posted by WenJun > 2021-09-29 15:54 | Report Abuse

@Karlos Under SCR, it is more likely to drop than rising if SCR failed as the offeror has no mandate to buy at RM2 if that is the case.

But for a takeover plan similar to FGV (which we were referring to), the offeror just buys up whatever amount of shares at or around the offer price in the open market. So if their plan failed, the price will overshoot the offer price, as those who didn't sell at the offer price think FGV is worth more.

Anyhow, it is a happy day for us! We should celebrate and (of course) remember to attend EGM and vote tomorrow to make sure this is a done case! Cheers!

Karlos

1,294 posts

Posted by Karlos > 2021-09-29 15:59 | Report Abuse

Yes, if the Proposal fails, minority shareholders have more to lose and the Offeror may even gains by buying more MMC shares below RM 2

rohank71

912 posts

Posted by rohank71 > 2021-09-29 16:01 | Report Abuse

any one know if mmc will be suspeneded tomorrow pending outcome of EGM

Karlos

1,294 posts

Posted by Karlos > 2021-09-29 16:02 | Report Abuse

Never listen to any rumor in investing. Use your own understanding and be rational at all time.

Posted by Benhobenhobenho > 2021-09-29 16:32 | Report Abuse

Look like good news coming tomorrow

lofan73

216 posts

Posted by lofan73 > 2021-09-29 16:33 | Report Abuse

the percentage 1.84 to rm2 will give 8%. is this better than epf rate? or fd rate? think about it

Posted by ValueInvesting > 2021-09-29 16:53 | Report Abuse

Just like that "Blablahaha" account from yesterday with a "friend work in mmc office", this "ravenhongwei996654" is another account with "friends working in registrar" and has no other comment history except for the 2 posts here. Not to forget that there is also the "Syndicates" account who also mentioned a "friend" telling him something about an announcement that is apparently pending.
Anyone that is concerned with these messages should think, if you really receive info from a "friend" about some bad news , would you quietly sell all your shares ASAP at the highest price possible or publicly tell people about the bad news here and that you are "gonna sell all" (meaning you haven't sold yet and could risk causing the share price to fall by sharing this "bad news" publicly)? Completely illogical to do the later right?
All of these accounts should be reported to the SC for market manipulative activity lah

Posted by ziyang8896 > 2021-09-29 17:02 | Report Abuse

The boardroom staff told me due to too many shareholders to register,the login ID only will send out later... I still not yet received the ID.Hopefully everything goes smoothly.

Posted by ziyang8896 > 2021-09-29 17:13 | Report Abuse

To avoid tomorrow might not able to login due to too many shareholders rushing to login ..you can opt to send e-proxy vote FOR and put X or him/her failing the chairman of the meeting to ensure your vote will not miss. No matter you able to login..the vote has done.

Karlos

1,294 posts

Posted by Karlos > 2021-09-29 17:23 | Report Abuse

Yes best to give your proxy to the Chair to vote on your behalf.

Karlos

1,294 posts

Posted by Karlos > 2021-09-29 17:25 | Report Abuse

@ValueInvesting, you caught them red handed !

Posted by ValueInvesting > 2021-09-29 17:33 | Report Abuse

@ziyang8896, is it still within time to register for e-proxy now? Boardroom's website mentioned that the registration would be closed at 10am today and the option to register for the EGM is no longer listed at the website now. Anyway, personally I am not too concerned with a slight delay in sending the login ID so long as they send them out by this evening lah. Then at least we can sleep soundly tonight and wake up tomorrow to vote "FOR" at 10am ma!

Citadel9999

2,878 posts

Posted by Citadel9999 > 2021-09-29 17:35 | Report Abuse

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