<div>This article first appeared in <em>The Edge Financial Daily,</em> on March 23, 2017.<br />
<br />
&nbsp;</div>

<div class=newsTextDataWrapInner><p><strong>MMC Corp Bhd (-ve)</strong><br />
SHARES in MMC Corp Bhd (fundamental: 0.6/3, valuation: 1.4/3), which triggered our momentum algorithm yesterday for the first time this year, closed four sen or 1.6% higher at RM2.54.</p></div>

<div class=newsTextDataWrapInner><p>It saw 6.2 million shares traded, surpassing its 200-day average volume of 849,632 shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>MMC is the flagship of tycoon Tan Sri Syed Mokhtar Al-Bukhary, who controls some 51.76% of the group. MMC is currently in the midst of buying a 49% equity stake in port operator Penang Port Sdn Bhd for RM200 million.</p></div>

<div class=newsTextDataWrapInner><p>The Edge Malaysia weekly reported in its March 6 to 12 issue that Penang Port, — wholly owned by Seaport Terminal (Johor) Sdn Bhd, which counts Syed Mokhtar as one of its controlling shareholders — has currently issued a tender notice for the construction of a liquid bulk terminal at the port.</p></div>

<div class=newsTextDataWrapInner><p>According to the report, several local and international companies have expressed interest in building the terminal.</p></div>

<div class=newsTextDataWrapInner><p>At the current share price, MMC is trading at 0.8 times its book value.</p></div>


This article first appeared in The Edge Financial Daily, on March 23, 2017.

 

MMC Corp Bhd (-ve)
SHARES in MMC Corp Bhd (fundamental: 0.6/3, valuation: 1.4/3), which triggered our momentum algorithm yesterday for the first time th...

Stock With Momentum: MMC Corp

ViTrox Corp Bhd saw its net profit nearly halved for the financial quarter ended March 31, 2024 (1QFY2024), primarily due to unfavourable product mix and higher research and development (R&D) expenditures to support the introduction of new products.

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Malaysia nevers forget the sacrifices Australian and New Zealand heroes made during the World War II particularly in Sandakan and the lessons of history will be carried forward to the new generation.

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Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said the market sentiment was also weighed down by the Dalian Commodity Exchange’s refined, bleached, and deodorised palm olein during Asian trading hours.

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Senior Lecturer at the Department of Quran and Sunnah Studies, Faculty of Islamic Revealed Knowledge and Human Sciences, International Islamic University Malaysia (IIUM), Dr Abu Hafiz Salleh Hudin, believes this should be done to avoid controversies, especially involving sensitive issues and national policies.

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<p>Digital Nasional Bhd (DNB), the state-owned company in charge of the 5G network infrastructure rollout, on Thursday named five new board members, comprising senior leaders from the telecom and technology industries.</p>


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<p>Sports retailer Al-Ikhsan Sports Sdn Bhd, in which state-owned private equity firm Ekuiti Nasional Bhd (Ekuinas) owns a 35% stake, has appointed Datuk Hishammudin Hasan as its new chief executive officer effective April 17.</p>


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<p>The Malaysian Anti-Corruption Commission (MACC) has confirmed that former prime minister Tun Dr Mahathir Mohamad is among individuals under investigation by the commission.</p>


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<p>Luxchem Corp Bhd’s net profit for the first quarter ended March 31, 2024 (1QFY2024) surged over 54% to RM11.56 million or 1.08 sen per share from RM7.5 million or 0.7 sen per share a year earlier on the back of stronger earnings from both its trading and manufacturing segments.</p>

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<p>Shares of CapitaLand Malaysia Trust (CLMT) surged on Thursday to its highest in nearly four years while analysts remained upbeat following better-than-expected first-quarter (1Q) results.</p>


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<p>KUALA LUMPUR (April 25): Malaysia requires an annual allocation of at least RM10 billion for the next three years, which is crucial to boost water infrastructure amid below-cost tariffs and high wastage, the National Water Services Commission (SPAN) said on Thursday.</p>
