Posted by LuckyG > 2021-01-26 15:15 | Report Abuse

clap clap clap burn her retirement fund . KO KO

Posted by yykyy > 2021-01-26 16:06 | Report Abuse

mmc holder, be steady, am with u ;)

Posted by Happykoo > 2021-01-27 09:52 | Report Abuse

Let the price drop for 1 month... Start drop at 14/1 make it red until cny, red=ong ong... Every day give ang Pau.. Ha

Posted by Pinky > 2021-01-27 09:58 | Report Abuse

u guys tengah tease taitaiwong or who? XD

Posted by mita29 > 2021-01-27 11:52 | Report Abuse

Halo I back to MMC, prepare to CAD at next support near 0.7. Feel good to be back.

Posted by yykyy > 2021-01-27 11:52 | Report Abuse

for me, share like astro, mmc corp is the lower the price, the better the share for me, due to i can collect more and get the high yield dividend.

Posted by Pinky > 2021-01-27 11:55 | Report Abuse

Eh moving wo today

Finally XD

Posted by Pinky > 2021-01-27 11:55 | Report Abuse

@yykyy Astro mana boleh beli

Internet tv box is slowly killing it

Posted by Pinky > 2021-01-27 13:08 | Report Abuse

I have a feeling that someone is out there trying to stop this stock from going up

Posted by wehcant > 2021-01-27 14:57 | Report Abuse

It seems like the accumulation session never end.

Posted by ykyew11 > 2021-01-27 15:38 | Report Abuse

I swear this counter is cursed, it never fails to dip every single day.

Posted by ykyew11 > 2021-01-27 15:40 | Report Abuse

When it is good, some institution/person always shows up to push back down the share price. I am kind of tempted to sell at this point, but I kind of don't want to sell it at the same time.

Posted by KopiDuit > 2021-01-27 15:52 | Report Abuse

Pushed down to collect CHEAP.

Posted by KopiDuit > 2021-01-27 15:52 | Report Abuse

TREAT it as FD loh

Posted by Pinky > 2021-01-27 16:35 | Report Abuse

@KopiDuit janji maintain 4.5 sen divvy at least

Posted by Healthy > 2021-01-27 16:42 | Report Abuse

make it red red again...haha

Posted by ykyew11 > 2021-01-27 16:53 | Report Abuse

Dropping half a sen a day

Posted by Healthy > 2021-01-27 17:07 | Report Abuse

31dec untill now only 2 day up all ....drop almost every day....10 trading day we can see the candle in red...nice ....tml resume...

Posted by Healthy > 2021-01-27 17:09 | Report Abuse

something happen that we dont know...

Posted by mita29 > 2021-01-27 17:59 | Report Abuse

I notice got one big croc keep selling in large amount, need to wait him finish his meals first. CAD is the only way

Posted by Pinky > 2021-01-27 18:18 | Report Abuse

Apa itu "CAD"?

Posted by mita29 > 2021-01-27 19:16 | Report Abuse

Cost average down

Posted by steve8lily > 2021-01-29 14:12 | Report Abuse

those retire funders are awaiting its drop to another 50%, but it seem drop too so slow .... damn it

Posted by ykyew11 > 2021-01-29 14:36 | Report Abuse

Here comes the daily dumping again~

Posted by Pinky > 2021-01-29 14:47 | Report Abuse

No eye see liao

Just treat MMC as a "Port REIT" to get >5.0% n.a. dividends XD

Posted by Happykoo > 2021-01-29 16:04 | Report Abuse

Reit comfirm will pay dividend.. But mmc not really...

Posted by yykyy > 2021-01-29 16:10 | Report Abuse

at least over the past 10 years, mmc corp have a constant dividend ;)

Posted by monorail > 2021-01-29 16:35 | Report Abuse

Bought more at 0.775. Next quarter EPS will be around 2.7sen per share. Big fund selling today will buy back next month after result out.

Posted by vlim88 > 2021-01-30 11:28 | Report Abuse

https://www.thestar.com.my/news/nation/2021/01/30/m039sia-recorded-largest-trade-surplus-in-a-row-of-23-years-despite-pandemic-says-azmin

Posted by tatwaiwong > 2021-01-30 12:20 | Report Abuse

Mr.pingdan pro,sell 8%,talk dao buy 20%......Thank You u news.......

Posted by ykyew11 > 2021-01-30 14:48 | Report Abuse

At this point, I am not even surprised if MMC continues to drop after this news lol.

Posted by pingdan > 2021-01-30 14:55 | Report Abuse

Ok im wrong.. i will delete my comment.. sorry for wrong info

Posted by pingdan > 2021-01-30 15:12 | Report Abuse

According to annual report 2019 page 247, the group’s share of net assets of red sea gateway terminal company is RM185mil and the group share of total comprehensive income is RM3.460million..

Posted by pingdan > 2021-01-30 15:27 | Report Abuse

20% of Red Sea Gateway Terminal Company (RSGT) = RM185mil
so 8% of RSGT = RM74mil

MMC sell 8% of RSGT get RM227.6million

So gain of RSGT is RM153.6million

Posted by pingdan > 2021-01-30 15:28 | Report Abuse

Total comprehensive income for 2019 is RM3.460million for 20%
Total comprehensive income for 2019 is RM1.384million for 8%

So MMC profit will only loss for RM1.384million profit only this deal (im using 2019 information as we did not have 2020 annual report yet)

Posted by ykyew11 > 2021-01-30 15:34 | Report Abuse

Relax, I am just playing a joke on how MMC will drop regardless of news haha.

Posted by pingdan > 2021-01-30 15:35 | Report Abuse

So in conclusion for the deal

Gain
- RM227.6million Cash
- RM153.6million Gain on disposal

Loss
- RM1.384million profit per year..
- 8% shareholding in Red Sea Gateway Terminal Company (RSGT)

Hence, i think this is a super good deal. I dun see any reason why this news will make MMC share price drop further...

Posted by pingdan > 2021-01-30 15:37 | Report Abuse

This deal happened due to China company want to own a pie of share Red Sea Gateway Terminal Company..

Posted by pingdan > 2021-01-30 15:41 | Report Abuse

Hmm i smell special dividend coming??? 227.6million cash, MMC market value RM2.36billion... equal to 9.61%

Posted by ykyew11 > 2021-01-30 17:37 | Report Abuse

I wish they will be giving out special dividends haha, the only thing is that they haven't given out any special dividends so far so I am not going to bet on any special dividend.

Posted by Pinky > 2021-01-30 17:46 | Report Abuse

MMC usually declares only 1 single final dividend.

The 1.5 sen interim divvy distributed recently is already out of the norm.

Posted by steve8lily > 2021-01-30 21:35 | Report Abuse

good news? bad bews?

https://www.thestar.com.my/business/business-news/2021/01/29/mmc-corp-sells-stake-in-jeddah-terminal-operator

Posted by Mohd Yazid Mohd Ali > 2021-01-30 23:36 | Report Abuse

Good news monday limit up

Posted by trending > 2021-01-31 13:31 | Report Abuse

They sell who is buying? News didnt cover that. Haha.
Also, right now got some container shortages. All stuck in US don't want to come back empty.
But i'm optimistic. Still have holding and averaged down. However, have been considering whether should invest directly in westports instead.

Posted by pingdan > 2021-01-31 23:11 | Report Abuse

Trending... please read the annoucement.. the announcement have stated clearly they sell to who

Posted by petnch2020 > 2021-02-01 09:03 | Report Abuse

Hi Trending,

MMC is selling their 8% stake to Public Investment Fund (Saudi Arabia sovereign wealth fund) and COSCO Shipping (of China).

Westport and MMC are 2 different port operators. MMC owns Port Tanjong Pelepas, Northport (in Klang), Penang Port, Johor Port , Tanjung Bruas Port and a minority interest in Red Sea Gateway Terminal.

Westport operates in Port Klang.

The main advantage of MMC vs Westport is in the valuation. MMC is trading at less than 9x PE and 0.3x BV. Westports is trading at 24x PE and more than 5x PB.

MMC dividend yield is currently more than 7% (5.5sens = 1.5sens interim + 4 sens final). Would be higher if company decides to pay more given the better free cash flow that the company is having at the moment.

Westports yields stands at 3.3% based on a 14 sens dividend payment (they actually only pay 14 sens and above in FY16 and 17). In FY19 it was 13 sens.

Posted by KopiDuit > 2021-02-02 11:32 | Report Abuse

Hopefully ` DIARRHEA` ended. At least stable.

Posted by patrico8 > 2021-02-02 11:38 | Report Abuse

Assuming the next dividend is 0.40 RM, it's already at 5.00% payout, much better than current FD rates.

Posted by KopiDuit > 2021-02-02 12:15 | Report Abuse

All `viagra` signs pointing UP. But the opposite ?? (LEMBEK )

Posted by trending > 2021-02-02 16:39 | Report Abuse

thanks @pingdan and @petnch2020.
Haha sorry was tired that day, cannot see in front of my nose. Also was talking nonsense about westport.
Too much sleeping ady. buay tahan this PKP. extend summore...