Mmc Corporation Berhad

KUALA LUMPUR: Tenaga Nasional Bhd’s (TNB) chief financial officer (CFO) Nazmi Othman will be replaced by MMC Corporation Bhd’s current group CFO Badrulhisyam Fauzi following the expiry of the former’s employment contract on Dec 31, 2024.

© New Straits Times Press (M) Bhd

JOHOR BAHRU: Senai Airport City Sdn Bhd, a wholly owned subsidiary of MMC Corporation Bhd (MMC), attracted RM7.5 billion in investments via 150 investors.

$MMCCORP / 2194 (MMC CORPORATION BERHAD)

$MMCCORP / 2194 (MMC CORPORATION BERHAD)

$MMCCORP / 2194 (MMC CORPORATION BERHAD)

KUALA LUMPUR: MMC Corporation Bhd, through Pelabuhan Tanjung Pelepas Sdn Bhd (PTP), will be spending RM3 billion over the next five years to upgrade its current terminal footprint including automation, digitization, and other port facilities. 

© New Straits Times Press (M) Bhd

KUALA LUMPUR: Senai Airport City Sdn Bhd, an indirect wholly-owned subsidiary of MMC Corporation Bhd, completed the sales and purchase agreement (SPA) on November 30 to dispose of a parcel of industrial land at Senai Airport City to Fiffy Sdn Bhd.

© New Straits Times Press (M) Bhd

@GrowthCapitalist there's more than just 1-2 ways of making money in the stock market.

1) Buy good stocks and hold is one.
2) Looking at charts is one.

But there's also special situation trades - what I like to call event driven trades. Recent example is @terence775 $SCGM / 7247 (SCGM BHD) trade or last year $MMCCORP / 2194 (MMC CORPORATION BERHAD) trade where you take advantage of mispricing and market inefficiency.

There's also sentiment trading - which is to take advantage of potentially irrational but money making behaviour. Attached are 2 recent examples where you can easily take advantage of FEAR ( $DNEX / 4456 (DAGANG NEXCHANGE BERHAD) ) and FOMO ($ECA / 0267 (ECA INTEGRATED SOLUTION BERHAD) ) in the market.

All in all, just stay in the market long enough, make many mistakes and learn over time in this journey!

$GAMUDA / 5398 (GAMUDA BERHAD) $LITRAK / 6645 (LINGKARAN TRANS KOTA HOLDINGS BERHAD) $MMCCORP / 2194 (MMC CORPORATION BERHAD)

$GAMUDA / 5398 (GAMUDA BERHAD) $LITRAK / 6645 (LINGKARAN TRANS KOTA HOLDINGS BERHAD) $KPS / 5843 (KUMPULAN PERANGSANG SELANGOR BERHAD) $MMCCORP / 2194 (MMC CORPORATION BERHAD)

$GAMUDA / 5398 (GAMUDA BERHAD) $MMCCORP / 2194 (MMC CORPORATION BERHAD) $LITRAK / 6645 (LINGKARAN TRANS KOTA HOLDINGS BERHAD) $KPS / 5843 (KUMPULAN PERANGSANG SELANGOR BERHAD)

@munhong26 another $$MMCCORP / 2194 (MMC CORPORATION BERHAD) maybe?

Event Driven Trade - Merger & Acquisition Arbitrage

Throughout the years journaling my investment journey in Stockbit, I often get the most comments / DMs / PMs / engagements from friends in the platform whom had learned a thing or two, or celebrating together successful closure of an event driven trade. These deals were often lower risk in nature, whilst having a pretty decent absolute return and even more so on per annum basis, perhaps due to the inefficiency of the market.

Some past low risk event-driven trade ideas and threads of the past:

1) $SPB / 1783 (SELANGOR PROPERTIES BERHAD) SELANGOR PROPERTIES BERHAD, Nov 2018. 17% absolute return within months. Link: https://cutt.ly/AGZ1feq

2) $TAGB / 5158 (TA GLOBAL BERHAD) TA GLOBAL BERHAD, June 2020. 22% absolute return within months. Link: https://cutt.ly/1GZ1fbR

3) $BIMB / 5258 (BIMB HOLDINGS BERHAD) WA, Dec 2020. 24% absolute return within months. Link: https://bit.ly/3saXHOo

4) $IJMPLNT / 2216 (IJM PLANTATIONS BERHAD) and $MMCCORP / 2194 (MMC CORPORATION BERHAD), June 2021. 5% and up to 25% absolute return within months. Link: https://bit.ly/3sbYH51

5) RAZER INC (1337 HK), Feb 2022, 15% absolute return within months. Link: https://bit.ly/3sbLGIM

~~

Anyhow... Warren Buffett addressed this in a very layman manner in his recent Berkshire AGM, when he touched on his Activision Blizzard shares ownership - of which BRK now owns 9.5%. I often wonder whether my posts on this topic is / was understood by many, so here's uncle Warren's explanation on "work outs aka arbitrage"

https://bit.ly/3w3teTM

- BRK fund managers bought 15m shares of activision in 2021

- In mid Jan, Microsoft to acquire Activision at USD 95 per share

- Buffett then said that Activision "become a different kind of security... an arbitrage."

- Buffett the continues that an arbitrage is a "stock whose value depends not on what the market price does but whether a given announced corp event occurs."

- Buffett then purchase Activision HIMSELF for this arbitrage event. He mentioned that in an arbitrage, you should "spend alot of time on analysis of announced deal going through"... and that "has to bet big as profit is limited" whils also warning that "the deal may blows up and who knows what happen".

Do take a listen! In current volatile market, low risk event driven trades are worth pursuing!

#RAZER Inc - It's a Pass! Another successful low risk, event-driven trade

In such uncertain, tough and volatile market, to be presented with an opportunity to make decent return with low risk is a real blessing.

Razer's scheme was approved at today’s court meeting. The headcount test risk was comfortably passed with 465 scheme shareholders voting for and just 16 against the scheme. As mentioned yesterday, perhaps the recent "bad market sentiment" and sell off in tech stocks contributed to the entire thing becoming a storm in a teacup but I'm not complaining!

The Grand Court hearing of the petition for the sanction of the scheme will be held on 6th May. The effective date is 11 thMay and the shares will be delisted from the exchange on 13th May. The cash payment date for the sceheme is on or before 20th May.

In summary, from the moment we covered this on 23rd Feb, when the spread was at 12%, to the completion date which takes 3 months, annualised return is in the 50% range. For people like @weiboy90 who got in at HKD2.35 on 7th March, this deal is a 20% absolute return in 2.5 months, annualised to almost 100% return!

As of today's close, spread had narrowed to 3.5%. Expect it to narrow further. As the deal is to be completed within 1 month, that's still a decent 36% annualised return vs whatever you can earn in FD.

Last year $MMCCORP / 2194 (MMC CORPORATION BERHAD) was a good low risk event driven m&a arbitrage trade, but that deal was done when market was quite favorable / bullish. The impact on RAZER deal feels greater (to me at least), as the market thus far had been extremely hard to navigate. Here's hoping to more opportunities such as this!

~
For those who missed out, here's a Recap of what happened (for case study purposes)...

1) 23rd Feb. Introduction of the low risk M&A arbitrage trade / deal. Spread at 12%. https://cutt.ly/jGzY5Js

2) 14th Mar. Pre conditions fulfilled. Stock was trading at cheap levels, closer to pre deal announcement price than to strike price due to market condition! Logitech result showed Razer's opportunity. Spread at 23%. https://cutt.ly/EGzY6pL

3) 24th Mar. Quarterly result announced. Showed Razer's potential and highlights its cash cow-ness. Share price rebounded, spread at 17%. https://cutt.ly/HGzY6c3

4) 30th Mar. Scheme document released. Court meeting to be held 26th April. Independent Financial Advisor says offer is fair and reasonable. Spread narrowed to 10%. https://cutt.ly/hGzY6UE

5) 26th Apr. Court meeting held. Deal approved with headcount test risk passed in flying colour. Spread is now 3.5%. Deal to complete by 20th May.

@ycng949 @weiboy90 @mengteck @zhexiangxd @Goldenhorse77

$GAMUDA / 5398 (GAMUDA BERHAD) $LITRAK / 6645 (LINGKARAN TRANS KOTA HOLDINGS BERHAD) $MMCCORP / 2194 (MMC CORPORATION BERHAD) $KPS / 5843 (KUMPULAN PERANGSANG SELANGOR BERHAD)

In Stockbit, we have discussed a number of real life examples for hedging, arbitrage, and speculation to the benefit of all users there. In this post, let’s talk about what these methods are and some examples of them. We hope these pieces of knowledge can help Stockbitors make more informed decisions when analysing these kind of events.

What other potential trading opportunities did you discover? Let’s discuss them together on Stockbit!

$MMCCORP / 2194 (MMC CORPORATION BERHAD) $IJMPLNT / 2216 (IJM PLANTATIONS BERHAD) $KANGER / 0170 (KANGER INTERNATIONAL BERHAD)

#stockbit #startwithstockbit #bursa #klse #klci #stockmarket #saham #investment #community #hedging #arbitrage #speculation #purchase #sale #assets #trading #finance #stockbitMY

M&A Event Driven Trade - 1337 HK, RAZER INC

This could be of interest to stockbitors who liked past deals like $IJMPLNT / 2216 (IJM PLANTATIONS BERHAD) $MMCCORP / 2194 (MMC CORPORATION BERHAD) $SPB / 1783 (SELANGOR PROPERTIES BERHAD)

I'm sure everyone in Stockbit knows Razer.

On December 1, 2021 - Razer announced a pre-conditional Scheme from its founders and CVC to buy the company at HK$2.82/share.

Yesterday, the pre-conditions had been fulfilled. The next key conditions for the delisting will be the headcount test and approval by at least 75% independent H-shareholders (<10% of all independent H-shareholders rejection).

This could be held in early May and possible completion of entire deal in June / July.

Consensus FV of Razer (which I'm agreeable to) is around HKD 2.30- HKD 2.60, means that the offer is good price. Additionally, recent market condition means closest peer Logitech had some multiple de-rating, making the offer price even more attractive.

Price before rumours of the deal happening or the break away price was around HKD1.80 which I think is pretty "value".

All in all, the spread is at around 12% absolute with completion ranging 4-5 months. Annualised return could be up to 37%. Risk reward feels reasonable.

This is a low risk event driven trade idea for those who wants to counter recent choppy market.

@zhexiangxd @mengteck @zhengyou0705 @Jay888 @facademy @Goldenhorse77

$HONGSENG / 0041 (HONG SENG CONSOLIDATED BERHAD) $MMCCORP / 2194 (MMC CORPORATION BERHAD)

$HONGSENG / 0041 (HONG SENG CONSOLIDATED BERHAD) $MMCCORP / 2194 (MMC CORPORATION BERHAD)

KUALA LUMPUR: The Malaysian Rating Corporation Bhd (MARC) has affirmed its AA-IS rating on MMC Corporation Bhd’s (MMC) RM2.5 billion Sukuk Murabahah Programme with a stable outlook.   

&copy; New Straits Times Press (M) Bhd

MMCCORP - DELISTING OF THE ENTIRE ISSUED SHARE CAPITAL OF MMCCORP FROM THE OFFICIAL LIST OF BURSA MALAYSIA SECURITIES BERHAD

OTHERSMMC CORPORATION BERHAD ("MMC" OR THE "COMPANY")

SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF MMC PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("SCR")

OTHERSMMC CORPORATION BERHAD ("MMC" OR THE "COMPANY")

SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF MMC PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("SCR")

TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))

OTHERSMMC CORPORATION BERHAD ("MMC" OR THE "COMPANY")

WAIVER FROM HAVING TO COMPLY WITH PARAGRAPH 9.22(1) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

MATERIAL LITIGATIONLEGAL PROCEEDINGS BETWEEN PENANG PORT SDN BHD, PRASARANA MALAYSIA BERHAD AND RAPID FERRY SDN BHD

MMCCORP - SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF MMCCORP PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("SCR")

MATERIAL LITIGATIONARBITRATION PROCEEDINGS BY JP LOGISTICS SDN BHD AGAINST CCJV P1 ENGINEERING & CONSTRUCTION SDN BHD
- APPLICATION TO SET ASIDE ARBITRAL AWARD

$MMCCORP / 2194 (MMC CORPORATION BERHAD) https://bit.ly/3chhqUk

NOTICE TO SHAREHOLDERS IN RELATION TO THE SUSPENSION OF TRADING OF THE ORDINARY SHARES IN MMC CORPORATION BERHAD ("MMC") ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD AND THE ENTITLEMENT DATE FOR THE SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF MMC PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016