KUALA LUMPUR: MMC Corp Bhd ( Valuation: 2.40, Fundamental: 1.10), which reported a 54% drop in its net profit for the third quarter ended Sept 30, 2015 (3QFY15), said it will consider spinning off its port operations, following the approval of its shareholders to increase its stake in NCB Holdings Bhd ( Valuation: 1.40, Fundamental: 2.05), the sole owner of Northport (M) Bhd.
KUALA LUMPUR 25 Nov. – Kejayaan menguasai kepentingan syarikat pengendali pelabuhan Northport di Pelabuhan Klang, NCB Holdings Bhd. (NCB) akan membolehkan MMC Corporation Bhd. (MMC) menjadi pemain utama industri pelabuhan di Malaysia.
KUALA LUMPUR: NCB Holdings Bhd, which is currently subject to a takeover by MMC Corp Bhd, has returned to the black in its third quarter ended Sept 30, posting a net profit of RM10.89mil versus a net loss of RM2.3mil a year earlier.