MMC has good profit growth
Koon Yew Yin
It has reported profit in every quarter in the last 10 years.
How many companies have such good track record?
It owns 5 sea ports in Malaysia and 1 in Saudi Arabia and other many other businesses as you can see below.
Its latest quarter ending Dec EPS 5.90 sen and its previous quarter EPS 2 sen, average EPS 3.95 sen. Its annual EPS is 3.95 X 4 = 15.8 sen. Its last traded price was Rm 1.02.
Rm 1.02 divided by 15.8 sen = 6.5. It is selling at PE 6.5
Annual 2019 report show that its NTA per share was Rm 3.07 and the current share price is Rm 1.02.
The above price chart shows that it shot up suddenly when it announced its latest profit of 5 sen EPS for the quarter ending December. It has very good profit growth.
https://klse.i3investor.com/blogs/jennylohsharing/2021-03-09-story-h1542094304-MMCCORP_KYY.jsp
