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 DavidKhoo118 > 2020-04-16 14:51 | Report Abuse

Miz Raya Bloom sharing https://whims2016.wordpress.com/
04/04/2020 6:33 PM

Tq , Miz raya Bloom, ...lucky got BUY !

Posted by patrick1811 > 2020-04-18 12:06 | Report Abuse

Bought 100000 shares at 0.68 and will keep for long term...hope will turn into golden goose... Lol

James Ng

2,691 posts

Posted by James Ng > 2020-04-18 21:27 | Report Abuse

https://klse.i3investor.com/blogs/general/2020-04-18-story-h1506042364.jsp
[转贴] [Facebook live video:浅谈MMC Corp bhd (MMCCorp)] - James的股票投资James Share Investing

faizal

7 posts

Posted by faizal > 2020-04-20 02:59 | Report Abuse

boleh tunggu 30c baru beli...

superman_

220 posts

Posted by superman_ > 2020-04-20 12:18 | Report Abuse

Hi guys, is this stock ok to keep for dividend purpose for coming few year? I sapu quite alot, not greedy, just reach RM0.90 i am VERY happy liao.

Prudent2

58 posts

Posted by Prudent2 > 2020-04-20 12:29 | Report Abuse

Reached 0.90 ??

superman_

220 posts

Posted by superman_ > 2020-04-20 12:34 | Report Abuse

Sorry, I mean WHEN IT reach RM0.90, We will be happy... now not reach yet...

Posted by Nelson Yoong > 2020-04-20 17:26 | Report Abuse

At last Urusharta notice of person ceasing substantial shareholder under 5%, think almost there, MMC going up slowly very soon with good dividend if u buy now don't miss out!!!

tatwaiwong

276 posts

Posted by tatwaiwong > 2020-04-20 17:27 | Report Abuse

URUSHARTA JAMAAH SDN. BHD drow shares below 5%,same EPF drow 5% ago....

sowQ

331 posts

Posted by sowQ > 2020-04-21 13:20 | Report Abuse

looks like tailend already...up up and the way

hornbill

822 posts

Posted by hornbill > 2020-04-21 13:38 | Report Abuse

market all red

tatwaiwong

276 posts

Posted by tatwaiwong > 2020-04-21 16:57 | Report Abuse

no i see..........

RedEagle

3,194 posts

Posted by RedEagle > 2020-04-22 07:15 | Report Abuse

"Harga minyak jatuh ke negatif!" "Habis lah!"

Rileks, harga minyak mentah sedunia memang jatuh teruk, tapi yang jatuh 306% jadi $-37.63 setong tu cuma harga bagi "West Texas Intermediate" (WTI) keluaran US.

Untuk minyak Brent (keluaran Shell UK), harga masih positif, dalam $25. Harga minyak "Tapis" keluaran Malaysia pun masih $28, jatuh 1.7% je.

Minyak mentah ni macam kurma juga. Lain tempat lain keluaran, walaupun semua dikenali sebagai kurma. Ajwa tu keluaran Madinah, Deglet Noor Algeria, Medjool dari Morocco. Kualiti pun lain-lain.

Minyak mentah pula, selain WTI dan Brent, ada juga ESPO (Rusia), Urals (Rusia), Maya (Mexico), Minas (Indonesia) dan macam-macam lagi. Keluaran Malaysia selain "Tapis" ada juga "Bintulu Condensate", "Miri" dan lain-lain. Kualiti berbeza-beza ikut kandungan sulfur ("sweet" atau "sour") dan graviti ("heavy" atau "light").

Minyak WTI ni "sweet" dan "light", ramai suka beli, sebab tu harganya dijadikan "benchmark" dan dilaporkan dalam berita setiap hari bersama-sama Brent. Tapi harga WTI tak mewakili semua minyak yang ada di pasaran.

Yang lebih penting, kita kena faham minyak mentah ni didagang pakai "futures" atau kontrak ke hadapan. Katakan kau nak stok minyak pada Mei 2020, kau kena order semasa April.

Minyak mentah ni pembeli dia adalah syarikat-syarikat pemprosesan minyak. Diorang tak beli on the spot tapi beli in advance pakai "futures" supaya boleh manage risiko perubahan harga.

Yang jadi negatif ni adalah kontrak untuk penghantaran Mei. WTI ni bersifat "physical delivery", kau order untuk Mei, minyak tu secara fizikal sampai kat kau selaku pemegang kontrak Mei.

Gila apa, time-time ni siapa nak pakai minyak. Stok minyak masih berlambak sebab hampir satu dunia masih dalam lockdown. Kereta tak leh jalan, kapal terbang tak leh terbang, nak buat masak pun tak boleh walaupun "sweet" konon.

Jadi, disebabkan kontrak untuk Mei 2020 akan expire pada esok waktu tempatan US (21 April 2020), orang just lepaskan kontrak tu tak kisah apa harga. Better rugi duit kontrak dari minyak tu hantar kat kilang kau. Sebab tu harga jatuh ke negatif.

Kalau Brent tak jadi macam tu sebab dia boleh "roll over", tak nak kontrak Mei boleh jual ganti dengan kontrak Jun. Sebab tu tak ada masalah yang sama.

Tapi harga kontrak WTI untuk Jun sebenarnya masih OK, masih di paras $20, dan akan naik selepas itu sebab minggu lepas negara OPEC (yang diketuai Saudi) dan bukan OPEC (seperti Rusia dan US) dah capai persetujuan potong bekalan sebanyak 9.7 juta tong sehari (10% daripada jumlah keluaran dunia) untuk bulan Mei dan Jun.

Harga minyak ditentukan oleh supply dan demand, kalau harga jatuh sebab demand jatuh, maka negara-negara pengeluar minyak volunteer untuk cut supply supaya naikkan harga balik.

Tapi apa pun, berita minyak negatif ni adalah good reminder bahawa "the era of oil is coming to an end".

Dan untuk tahun-tahun akan datang, "cheap oil" akan jadi "new normal".

Akan ada banyak syarikat-syarikat minyak kecil yang lingkup setahun dua ni dan dibeli oleh syarikat-syarikat besar.

Macam dulu pasaran minyak dikuasai oleh "Seven Sisters" (BP, Shell, SoCal, Gulf Oil, Texaco, Exxon, Mobil), selepas kejatuhan harga minyak 1980-an tinggal jadi Four Sisters saja: SoCal, Gulf Oil dan Texaco bergabung jadi Chevron (pemilik Caltex), Exxon dan Mobil bergabung jadi ExxonMobil (pemilik Esso).

Dulu harga minyak mahal sebab minyak dulu scarce resources. US sampai nak berperang dengan Iraq untuk dapatkan stok minyak. Now korang bagi minyak free kat US pun belum tentu diorang nak. Lambakan minyak tu yang jadi harga negatif tu.

Sejak zaman Obama (2009-2017), US mula menghasilkan shale oil untuk ganti pergantungan kepada minyak petroleum, dan sekarang US adalah pengeluar minyak terbesar di dunia. Shale oil ni punya supply almost limitless, tak macam petroleum sekali gali habis. So basically harga minyak tak akan kembali ke zaman kegemilangannya lagi.

Sebab tu Saudi semua kena longgarkan cara hidup konservatif diorang untuk tarik pelaburan asing.

Brunei pun mula kena berfikir pasal "diversification" (pempelbagaian) ekonomi. "Oil is a curse". Kebergantungan kepada minyak bukan saja lambatkan negara jadi negara industri jadi negarta maju, malah ia akan menggugat kelangsungan hidup negara di zaman new normal.

Posted by OneSmallStep > 2020-04-22 20:29 | Report Abuse

Redeagle...terima kasih..

Posted by StockHunter77 > 2020-04-23 11:37 | Report Abuse

Hi im a newbie. If i have 50000 unit, how much dividen i will get in RM?

Posted by Nelson Yoong > 2020-04-23 12:32 | Report Abuse

2,250 thousands

Posted by StockHunter77 > 2020-04-23 12:47 | Report Abuse

Tq bro.

Posted by Nelson Yoong > 2020-04-23 12:54 | Report Abuse

Bro don't worry Mmc crop is a good company.

Posted by StockHunter77 > 2020-04-23 14:44 | Report Abuse

I heard they have huge debt. Is this true?

Posted by Nelson Yoong > 2020-04-23 17:20 | Report Abuse

70% of Huge debt belong to associate Malakoff, Mmc crop debt is only 3-4 billions and ports business is going strong, once Mmc list it ports the company will be financial position will be very strong, actually it's listed companies Makakoff, gas Malaysia and Johore airport already worth 1.20 and now only 65sen that mean it's ports and land worth few billions is free,Last 20 years Given dividend About 4sen yearly and cash flow is good, ports business will be good in the future when u think of e-commerce people buying things online!!! Big Business!

Posted by StockHunter77 > 2020-04-23 17:26 | Report Abuse

Great bro. What will be the effect to mmc share price if they list their ports?

Posted by Nelson Yoong > 2020-04-23 17:37 | Report Abuse

Depend at that time stockmarket is good or not if is bull or normal then maybe 2-3 Dollar worth!

sowQ

331 posts

Posted by sowQ > 2020-04-24 08:14 | Report Abuse

agree..all tan sri stocks are under valued

Posted by Nelson Yoong > 2020-04-24 08:33 | Report Abuse

Nothing 100% for sure anyway buying batch by batch is safe, dividend 6-7 percent now, MMC paying dividend last 20 years without fail may be next year suspend or half dividend but following year will be back to normal for medium term is alot better than banks and share price gain!!!

WilburR2

845 posts

Posted by WilburR2 > 2020-04-24 15:28 | Report Abuse

good

Happykoo

119 posts

Posted by Happykoo > 2020-04-24 16:43 | Report Abuse

Nelson Yoong
mmc only hold 38%malakoff as an associate ,financial of malakoff does not consolidate in to mmc..the part of huge debt can belongs to mmc?? remind me if i'm wrong..tqvm

Posted by Nelson Yoong > 2020-04-24 18:05 | Report Abuse

When Malakoff is a Mmc subsidiary it has to consolidated the whole debts of malakoff 20plus billions in Mmc before,now is a associate company need only consolidate 38% debts to Mmc, Malakoff do pay profit to Mmc as a form of dividends, every year Malakoff paid all it's profits as dividend to it's shareholders so 38% dividend to Mmc, now Mmc got about 10billions debts but about 7 billions belong to associate Malakoff.

benteo78

230 posts

Posted by benteo78 > 2020-04-24 20:56 | Report Abuse

Nelson, not true. malakoff debt does not come into mmc balance sheet. it is only associate company....unless mmc hold more than 50%

benteo78

230 posts

Posted by benteo78 > 2020-04-24 20:57 | Report Abuse

the debt is belong to mmc holding company for the total 10bil. The money might be the borrowing to hold malakoff and gas Malaysia plus all the Port.

tatwaiwong

276 posts

Posted by tatwaiwong > 2020-04-24 21:46 | Report Abuse

benteo78,half true,
total debt is about 15-16bil,
70% is malakoff.
Cash about 2.1b,
Asset total 25-26bil,
Divdend always 3-4 cents

Posted by Nelson Yoong > 2020-04-25 08:33 | Report Abuse

Mmc much of it's debts is related to ports and job contract so is not a problem, they are all Profitable that wise Mmc not in the hurry to list their ports business, real debts only 3-4billions, cash flow is good about 2billions!

Posted by Nelson Yoong > 2020-04-25 09:06 | Report Abuse

Don't know why the ports and lands not factors into the share price, two listed companies and Johor airport already worth about 1 dollars, thatwise in 2017 CEO says need to list ports business to factor the true value of MMC CROP,.

Lucky81

495 posts

Posted by Lucky81 > 2020-04-25 11:27 | Report Abuse

westport more powerful, later kuantan port if ecrl completed.

sowQ

331 posts

Posted by sowQ > 2020-04-27 09:44 | Report Abuse

back to 0.90 level hopefully

DLLKT3

289 posts

Posted by DLLKT3 > 2020-04-28 16:28 | Report Abuse

This is crown jewel stock and you only get a once in a lifetime opportunity to buy in at this price
Target price :RM2

DLLKT3

289 posts

Posted by DLLKT3 > 2020-04-28 16:29 | Report Abuse

Super duper undervalue and shouting buy

DLLKT3

289 posts

Posted by DLLKT3 > 2020-04-28 16:29 | Report Abuse

Watch his stock price movement in mid or end of May 2020

Posted by Ravindran Raja Rathanam > 2020-04-28 16:47 | Report Abuse

Will the QR very bad this time?

DLLKT3

289 posts

Posted by DLLKT3 > 2020-04-28 17:51 | Report Abuse

1st quarter result should be ok but maybe slightly lower than correspondance period

DLLKT3

289 posts

Posted by DLLKT3 > 2020-04-28 21:41 | Report Abuse

MMC Corporation Berhad
*Intrinsic Value =RM3.46 per share*

1)Port business value at RM8bil

2)Senai Airport & landbank value at RM1.7bil (at acquisition price in year 2008)

3)Malakoff 38.44% value at RM1.67bil (at today market closing price)

4)Gas Malaysia 30.9% value at RM1.12bil (at today market closing price)

5)Aliran Ihsan Resources value at RM500mil

6)Smart Tunnel value at RM200mil

7)Engineering business value at RM900mil

*Company total value RM14.09bil* (A)

*Debt at company level RM3.6bil* (B)

MMC net value = *RM10.49bil* vs RM2bil@RM0.66 as per today closing price (current market capitalization)

That mean *MMC* intrinsic value (layman calculation)
(RM10.49bil / RM2bil) x RM0.66 = *RM3.46* per share

*MMC CORPORATION BERHAD is worth RM3.46 per share !!!*

DLLKT3

289 posts

Posted by DLLKT3 > 2020-04-28 21:45 | Report Abuse

My analysis just merely to share info with everyone n it's not represent calling to buy or sell of MMC Corporation Berhad. Any investment at your own risk

DLLKT3

289 posts

Posted by DLLKT3 > 2020-04-28 21:48 | Report Abuse

Super insane undervalue company !!!

vitac

520 posts

Posted by vitac > 2020-04-28 23:49 | Report Abuse

Associate? I tought Associate is share holds less than 30%. If more than that should be consider as Subsidairy. Correct me if i am wrong.

WilburR2

845 posts

Posted by WilburR2 > 2020-04-29 09:12 | Report Abuse

4.5 sen div in jun lol

WilburR2

845 posts

Posted by WilburR2 > 2020-04-29 09:23 | Report Abuse

0.70

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