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Industrial Services

MMC Corp. Bhd.

  • 1.49 MYR
  • -0.02
  • -1.32%
  • Malaysia
    Apr 20, 2018
  • Ticker
    KLS(2194)
  • Prev. close
    1.51
  • Market cap (MYR)
    4,598.04M
  • Market cap (USD)
    1,179.74M
  • Shares
    3,045.06M

Company Background

MMC is a leading utilities and infrastructure company with energy, ports and construction businesses.

Malakoff, the group's energy arm, generates 5,020 megawatts of electricity, nearly a quarter of mainland Malaysia's power generation capacity. Another subsidiary, Gas Malaysia is the sole provider of natural gas to industrial and residential customers in the country through its nearly 2,000km long pipelines.

MMC operates Malaysia's largest container terminal in the Port of Tanjung Pelepas, in the southeast coast near Singapore. The port can handle up to 10.5 million twenty-foot equivalent units annually.

The group's construction company is one of the largest in the country, and is known for undertaking major infrastructure projects across the country.

MMC is controlled by billionaire Syed Mokhtar Albukhary, an ethnic Malay with roots in Central Asia. The company is headed by Group Managing Director Che Khalib Mohamad Noh, who previously headed the state electric company Tenaga Nasional.

Business Summary

MMC Corp. Bhd. is an investment holding company, which engages in the construction, mining and mineral exploration. It operates through the following segments: Ports and Logistics; Energy and Utilities; and Engineering and Construction. The Ports and Logistics segment operates Port Tanjung Pelepas, Johor Port, Red Sea Gateway Terminal, and Senai Airport Terminal. The Energy and Utilities segment supplies natural gas to the non-power sector, and treated water in Johor. The Engineering and Construction segment focuses on infrastructure and construction projects such as Klang Valley Mass Rapid Transit, Bukit Berapit twin-bore tunnel, and Stormwater Management and Road Tunnel. The company was founded in 1981 and is headquartered in Kuala Lumpur, Malaysia.

Financial Highlights

Dec 2017 MYRUSD
Revenue4,160.09M967.57M
Gross Profit1,551.42M360.83M
Operating income829.40M192.90M
Income before tax451.73M105.06M
Net income225.40M52.42M
EBITDA1,290.70M300.19M
Diluted EPS0.070.01
Dividends Per Share0.040.00
Total Assets22,862.11M5,649.15M
Total liabilities12,617.53M3,117.75M
Total equity9,526.78M2,354.03M
Operating cash flow810.60M188.53M
Currency in MYRCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 7,445.35M 3,171.01M 3,012.97M 4,627.38M 4,160.09M
Gross Profit 1,395.47M 837.70M 1,177.72M 1,315.16M 1,551.42M
Operating income 1,064.49M 424.13M 286.29M 717.64M 829.40M
Income before tax 250.66M 290.12M 364.97M 672.74M 451.73M
Net income 223.52M 318.74M 244.19M 549.66M 225.40M
EBITDA 2,282.60M 715.78M 1,032.24M 1,169.71M 1,290.70M
Diluted EPS 0.07 0.16 0.10 0.18 0.07
Dividends Per Share 0.03 0.03 0.03 0.04 0.04
Total Assets 44,009.70M 46,031.52M 22,208.37M 23,204.46M 22,862.11M
Total liabilities 31,056.34M 32,729.75M 11,938.91M 12,714.48M 12,617.53M
Total equity 7,193.61M 7,505.43M 9,037.29M 9,532.56M 9,526.78M
Operating cash flow 1,274.78M 2,168.02M 651.11M 490.68M 810.60M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 2,363.23M 969.13M 770.64M 1,116.99M 967.57M
Gross Profit 442.94M 256.02M 301.23M 317.46M 360.83M
Operating income 337.88M 129.62M 73.22M 173.23M 192.90M
Income before tax 79.56M 88.66M 93.35M 162.39M 105.06M
Net income 70.94M 97.41M 62.45M 132.68M 52.42M
EBITDA 724.52M 218.75M 264.02M 282.35M 300.19M
Diluted EPS 0.02 0.04 0.02 0.04 0.01
Dividends Per Share 0.00 0.01 0.00 0.00 0.00
Total Assets 13,436.02M 13,165.03M 5,172.55M 5,172.64M 5,649.15M
Total liabilities 9,481.40M 9,360.71M 2,780.69M 2,834.25M 3,117.75M
Total equity 2,196.18M 2,146.55M 2,104.87M 2,124.95M 2,354.03M
Operating cash flow 404.63M 662.59M 166.53M 118.44M 188.53M

Valuation Measures

Dec 2017
PER27.70
ROA0.97%
ROE2.36%
Operating margin19.93%
Profit margin5.41%

Key executives

  • Group Managing Director & Director: Khalib bin Mohamad Noh
  • Chief Operating Officer: Mohd Razin Bin Ghazali
  • Group Chief Financial Officer: Mohamad Shahar bin Yope
  • Director-Engineering & Construction: Weng Loon Chee
  • Group Head-Strategy & Corporate Affairs: Badrulhisyam Fauzi

Shareholders

  • AL BUKHARY SERI SYED MOKHTAR SHAH BIN SYED NOR (51.7%)
  • Permodalan Nasional Bhd. (21.5%)
  • Lembaga Tabung Haji (7.6%)
  • Employees Provident Fund (5.2%)
  • Kumpulan Wang Persaraan (3.4%)
  • AIA Bhd. (1.7%)
  • The Vanguard Group, Inc. (0.9%)
  • Dimensional Fund Advisors LP (0.8%)
  • Eastspring Investments Bhd. (0.3%)
  • Pacific Mutual Fund Bhd. (0.1%)

Contact Details

  • Website:http://www.mmc.com.my
  • Address: Persiaran Raja Chulan, Wisma Budiman, Kuala Lumpur, 50200, Malaysia
  • Phone: +60.3.2071.1000

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  • Tronoh Holdings Selangor Sdn. Bhd.
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  • Anglo Oriental Nominees Australia Pty Ltd.
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  • NCB Holdings Bhd.
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  • Johor Port Bhd.
  • Aliran Ihsan Resources Berhad

Competitors

    Last Updated on 20 Apr, 2018

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