Posted by ivankvs > 2016-08-27 18:16 | Report Abuse

Reduce --> Losses from Zelan Berhad resulted from effects of discounted receivables and unrealized loss on foreign exchange concerning Meena Plaza project, Abu Dhabi.


Possible write back a big gain in zelan , as well as for MMC in years coming .

Posted by Angielim9955 > 2016-08-29 21:47 | Report Abuse

tjhldg , sorry mmc teams I disturde here a while , very sorry
jhldg
tjhldg , sorry because you not very active in i3 so if you dont mind can check Knusfor forum, I got drop you a message

Posted by bravotwozero > 2016-09-07 13:50 | Report Abuse

what happened MMC? tarak jalan

Posted by CDYS > 2016-09-15 19:41 | Report Abuse

Any one got suggestion for this stock, why still not movenment ?

Posted by paperplane2016 > 2016-09-15 19:48 | Report Abuse

Be patient, wait the! Spin off ports

Posted by CDYS > 2016-09-22 19:42 | Report Abuse

MMC FLY, HENG AH, 2MOLO UP UP

Posted by Jmin Lim > 2016-09-22 20:54 | Report Abuse

anyone bought mmccorp c3 here?

Posted by LilyLL > 2016-09-23 20:29 | Report Abuse

Today tp2.40 but drop back again. What happen Mmc?

Posted by keng88 > 2016-09-24 09:03 | Report Abuse

motak goreng counter after drb and pos mmc with coming soon.

Posted by LilyLL > 2016-09-26 13:33 | Report Abuse

Up & down counter cannot break 2.40 shit

Posted by bagan > 2016-09-26 13:40 | Report Abuse

they are waiting for u to sell, then only goes up...

Posted by keng88 > 2016-09-30 11:56 | Report Abuse

mmc lai lai...

Posted by bagan > 2016-10-03 08:40 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/10/03/mmc-may-list-ports-in-2017/

Posted by paperplane2016 > 2016-10-04 22:07 | Report Abuse

Next yr list port? Yeah, I will pick mmc

Posted by KopiPeng668 > 2016-10-04 22:49 | Report Abuse

kaboom mak mak

Posted by bagan > 2016-10-07 19:26 | Report Abuse

ok next week its going to fly...

Posted by paperplane2016 > 2016-10-09 12:40 | Report Abuse

Senai open road finally. Super good news.

Posted by paperplane2016 > 2016-10-09 12:41 | Report Abuse

Calvin bro, pls look into this. You johor experts. Mmc got lots of lands near senai. Super huat this time.

Posted by calvintaneng > 2016-10-09 13:24 |

Post removed.Why?

Posted by paperplane2016 > 2016-10-09 17:15 | Report Abuse

Yes.

Posted by sell > 2016-10-09 17:24 | Report Abuse

Why Tabung Haji dispose non-stop? Can close shop because high debts?
http://klse.i3investor.com/servlets/stk/annchsh/2194.jsp

Posted by paperplane2016 > 2016-10-09 21:55 | Report Abuse

Hehe.

Posted by biba > 2016-10-09 22:38 | Report Abuse

syed mokhtar coming...

Posted by LilyLL > 2016-10-16 21:36 | Report Abuse

This week Mmc break 2.40

Posted by bagan > 2016-10-22 13:35 | Report Abuse

East coast railway coming....

Posted by keng88 > 2016-10-31 16:46 | Report Abuse

Mmc curi ayam..

Posted by monkeyinvestor > 2016-10-31 23:08 | Report Abuse

mmc 小量张就好哈哈哈！

Posted by keng88 > 2016-11-01 12:48 | Report Abuse

慢慢来了

Posted by tjhldg > 2016-11-03 00:06 | Report Abuse

:)

Posted by paperplane2016 > 2016-11-06 14:59 | Report Abuse

Next yr got goods show boh

Posted by Koon Bee > 2016-11-06 15:11 | Report Abuse

Bornoil 30c already?

Posted by monkeyinvestor > 2016-11-06 23:09 | Report Abuse

got ba

Posted by AllBigWin > 2016-11-23 18:46 | Report Abuse

http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=M&securityCode=2194

Posted by AllBigWin > 2016-11-23 18:47 | Report Abuse

not bad!

Posted by keng88 > 2016-11-23 19:00 | Report Abuse

Tomorrow fly liao

Posted by monkeyinvestor > 2016-11-23 20:38 | Report Abuse

qr profit maintained good

Posted by paperplane2016 > 2016-11-27 02:38 | Report Abuse

PETALING JAYA: The long-speculated listing of the various ports under MMC Corp Bhd is expected to take place next year.

A source close to the matter said the company was exploring the potential listing of its ports again and the target was to get it up next year.

“It is currently in the works, but it won’t happen so soon. It could be next year when sentiments will probably be better,” the source s

Posted by paperplane2016 > 2016-11-27 02:44 | Report Abuse

t..I have no doubt if it turn our a big black horse in ,2017.

Posted by paperplane2016 > 2016-11-27 03:24 | Report Abuse

Las time rhb did good coverage on it. Too bad now can't find. Tht team real good. Spotted Hong leong industry.now near rm10

Posted by monkeyinvestor > 2016-11-30 19:10 | Report Abuse

mmc no doubt going up!

Posted by keng88 > 2016-12-05 17:17 | Report Abuse

close 2.31...:(

Posted by paperplane2016 > 2016-12-30 16:47 | Report Abuse

The affirmed rating is driven by MMC group’s sizeable business operations and strong competitive position in three key businesses namely port and logistics, energy and utilities, and engineering and construction. Long-term concessions and sizeable construction contracts with the government underpin MMC group’s stable financial performance. The rating is moderated mainly by the group’s increased borrowings and leverage position, largely as a result of funding ongoing capital investments for its port operations as well as strategic acquisitions.

MMC’s recent proposal to acquire a 49.0% interest in Penang Port Sdn Bhd (Penang Port) for RM200 million following its RM1.4 billion purchase of NCB Holdings Bhd in December 2015 could further increase its debt. The acquisition cost of NCB, coupled with NCB-related borrowings, had increased MMC’s consolidated debt to RM9.1 billion, pushing its debt-to-equity (DE) ratio to 0.93 times as at end 9M2016 (net DE: 0.79 times). In respect of Penang Port, should the potential acquisition be fully funded by debt, the group’s leverage ratio could potentially rise to 0.95 times (net DE: 0.81 times), indicating limited headroom for further increase without triggering downward rating pressure.

MARC also notes that upon completion of the acquisition which is expected in 1Q2017, Penang Port will add another 2.0 million TEUs and 12.5 million tonnes to the group’s existing 17.4 million TEUs and 32 million tonnes in container and cargo capacities. These additions would further strengthen MMC’s position as a significant port operator along the Straits of Malacca. However, Penang Port’s sizeable debt of RM1.2 billion would continue to weigh on its financial performance although the disposal of its loss-making ferry business prior to the acquisition would alleviate some pressure on its profitability.

MMC’s current combined port operations have shown improvement with revenue and pre-tax profit increasing by 48.5% y-o-y and 30.3% y-o-y to RM2.0 billion and RM353 million respectively in 9M2016. The improvement benefitted from the performance of NCB Holdings, which operates Northport and Southpoint in Port Klang, after undertaking streamlining exercises following its acquisition. For 9M2016, Northport (M) Bhd recorded revenue of RM501.5 million and pre-tax profit of RM101.2 million (9MFY2015: RM450.2 million; RM63.9 million). Over the intermediate term, MMC plans to invest about RM1.6 billion in capital investments in its port operations which are expected to be funded by its respective subsidiaries’ internal cash and bank borrowings. This implies that dividend flow from MMC’s port subsidiaries would remain limited except for Johor Port Bhd, which has been a consistent dividend contributor. MARC also notes the relatively high borrowing level at some of MMC’s port subsidiaries, in particular Pelabuhan Tanjung Pelepas Sdn Bhd which has borrowings of RM2.7 billion.

MMC’s engineering and construction division has benefitted from the increase in large domestic infrastructure projects. Its order book, which doubled to RM20.3 billion as at end-September 2016 (end-June 2015: RM10.1 billion), provides strong earnings visibility for the division through 2022. Among key infrastructure projects, which are largely undertaken jointly with other major construction players, is the underground works package of RM15.5 billion for the Klang Valley Mass Rapid Transit-Line 2 (KVMRT-Line 2) project. Its joint-venture companies have also been appointed the project delivery partner (PDP) for the KVMRT-Line 2 and the RM12.8 billion phase 1 of the Pan-Borneo Highway project.

The group’s energy and utilities division comprises key associates, Malakoff Corporation Berhad (Malakoff) and Gas Malaysia Berhad (Gas Malaysia). Malakoff’s recent profitability has been affected by high maintenance costs and depreciation charges, leading to a decline in pre-tax profit to RM441.8 million for 9M2016 (9M2015: RM532.1 million). Gas Malaysia’s pre-tax profit increased to RM145.0 million in 9M2016 (9M2015: RM126.0 million) on the back of higher natural gas tariffs and higher sales volume. Both Malakoff and Gas Malaysia have been major dividend providers, accounting for 40.4% of MMC’s total dividend income in 2015.

At the holding company level, MMC’s revenue comprising dividend income and construction revenue is expected to be supported by the construction projects secured during the year and sale of land parcels at Senai Airport City. Dividends increased by 14.1% to RM472.8 million in 2015, partly offsetting the decline in construction revenue as a key project is reaching its tail-end. As at end-2015, holding company debt stood at RM3.0 billion (2014: RM3.2 billion), translating to a leverage ratio of 0.52 times. The bulk of the borrowings stemmed from the RM1.3 billion sukuk issued under the rated sukuk programme.

For 9M2016, MMC’s consolidated earnings increased more than two fold, registering pre-tax profit of RM367.8 mi

Posted by paperplane2016 > 2016-12-30 16:47 | Report Abuse

For 9M2016, MMC’s consolidated earnings increased more than two fold, registering pre-tax profit of RM367.8 million compared to the prior year’s corresponding period (excluding Malakoff’s pre-listing contributions). This was mainly due to the consolidation of NCB Holdings’ contribution and higher work progress recorded from its construction projects. The group has a moderate liquidity position with unencumbered cash balance of about RM1.4 billion as at end-9M2016, in addition to approximately RM2.0 billion in unutilised credit lines.

The stable outlook factors in the dividend-paying ability of its key subsidiaries and associates, and the group’s moderate liquidity position to service its financial obligations. Any significant increase in its leverage position and weakening in its interest cover measures could result in downward rating pressure.

Posted by paperplane2016 > 2017-01-09 14:10 | Report Abuse

if PORT spin off, RM3-3.50 what I looking at

Posted by johortiger > 2017-01-13 21:04 | Report Abuse

http://www.themalaymailonline.com/money/article/mmc-corp-to-acquire-70pc-stake-in-kmb-seaport-for-rm21m

Posted by paperplane2016 > 2017-01-23 11:09 | Report Abuse

listing not this year?

Posted by paperplane2016 > 2017-01-23 11:25 | Report Abuse

MMC Corp to acquire 70pc stake in KMB Seaport for RM21m - See more at: http://www.themalaymailonline.com/money/article/mmc-corp-to-acquire-70pc-stake-in-kmb-seaport-for-rm21m#sthash.sFTWhihS.dpuf

Posted by paperplane2016 > 2017-01-23 11:25 | Report Abuse

KUALA LUMPUR, Jan 13 — MMC Corp Bhd has signed a conditional share sale and purchase agreement (SPA) with Seaport Management Services Sdn Bhd to acquire a 70 per cent share in KMB Seaport Sdn Bhd for RM21 million.

In a filing to Bursa Malaysia today, MMC said, it proposed to acquire 7,000 shares and 4.99 million irredeemable convertible cumulative preference shares subjected to terms and conditions of the SPA.

It said the purchase consideration was on a willing buyer-willing seller basis after taking into consideration KMB Seaport’s valuation.

“The proposed acquisition is also in line with MMC’s board initiative to make further strategic investments in its core business and to strengthen the financial position of MMC and its subsidiaries.

“The acquisition is expected to contribute positively to the future earnings of the group and it is to be completed in the first half of 2017,” MMC said. — Bernama
- See more at: http://www.themalaymailonline.com/money/article/mmc-corp-to-acquire-70pc-stake-in-kmb-seaport-for-rm21m#sthash.sFTWhihS.dpuf

Posted by johortiger > 2017-01-28 13:50 | Report Abuse

MMC news
http://www.thestar.com.my/business/business-news/2017/01/28/che-khalib-says-mmcs-assets-surpass-its-debts/

Posted by johortiger > 2017-01-28 14:10 | Report Abuse

MMC news Part II
http://www.thestar.com.my/business/business-news/2017/01/27/mmc-raises-capacity/