Highlights
KLSE: MCT (5182)       MCT BHD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
0.20   0.00 (0.00%)  0.195 - 0.20  327,300
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Overview

Market Cap: 291 Million
NOSH: 1,457 Million
Avg Volume (4 weeks):1,614,368
4 Weeks Range:0.195 - 0.24
4 Weeks Price Volatility (%):
11.11%
52 Weeks Range:0.195 - 0.77
52 Weeks Price Volatility (%):
0.87%
Average Price Target: 0.33
Price Target Upside/Downside: +0.13
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019 [#2]  |  30-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  14-Nov-2019
T4Q P/E | EY: 4.46  |  22.42%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.6122  |  0.33
T4Q NP Margin | ROE: 12.62%  |  7.33%

Headlines

Date Subject
03-Sep-2019 MCT - Unsurprisingly Underwhelming
29-May-2019 MCT - Disappointing Quarter But Still NEUTRAL
28-Apr-2019 MCT Berhad: A Lowly Geared Developer with a TP of RM0.90
01-Mar-2019 MCT - Boosted by Casawood
01-Mar-2019 MCT - Boosted by Casawood
01-Mar-2019 MCT - Strong Quarter, But Unbilled Sales Depleted
17-Dec-2018 Mplus Market Pulse - 17 Dec 2018
03-Dec-2018 Mplus Market Pulse - 03 Dec 2018
15-Nov-2018 MCT - Uninspiring New Sales
15-Nov-2018 MCT - Pipeline Launches Delayed

Business Background

MCT Bhd is a Malaysian investment holding company which is engaged in property development. The group's operating divisions include the development of residential and commercial properties, construction activities, providing civil and mechanical engineering services, investment holding. MCT also operates in hotels, fitness centers and provides provision of utility services and leasing of properties. The company generates the majority of the revenues from property development and construction activities through its operations spread in Malaysia.
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  anthonylow likes this.
 
actura jiang de bi chang de hai hao tin
06/11/2019 11:31 AM
actura later closing 020c again hahhaha
06/11/2019 3:19 PM
actura 2morrow open @ 0.205 again, don't know until when
06/11/2019 8:55 PM
Ncm88 Until they have collected enough.....
06/11/2019 9:41 PM
Good123 awaiting strong rebound. Ayala won't let us down
07/11/2019 9:35 AM
Good123 property stocks have rebounded from its bottom price. MCT will rebound anytime particularly q3 results are out soon.
07/11/2019 9:42 AM
Good123 Ayala land is 10 times bigger than simeprop .. also it is not a GLC. owned by Spanish Filipino...
07/11/2019 9:43 AM
Good123 the most secure property stock in Malaysia is MCT majority owned by Ayala land of ayala group Philippines
07/11/2019 9:44 AM
actura down to 0.19...........
07/11/2019 9:49 AM
Good123 NEWS

All

2019

2018

2017

2016

2015

2014

MCT Sasar RM650j Projek BaharuJuly 05, 2019

 

MCT AIMS RM650m sales from new projectsJuly 02, 2019

 

MCT appoints Apollo Bello Tanco as COOMarch 04, 2019

 

MCT announces Teh Heng Chong's appointment as CEOFebruary 14, 2019

 

Ayala Land outlines PH, Malaysia expansion in 2018April 18, 2018

 

MCT to develop 1,400 serviced apartment units in Petaling districtApril 13, 2018

 

Philippines' Ayala Land now controls 72.3% of MCTFebruary 20, 2018

 

Cybersouth Launches The Sensational Casawood 2 Storey Link HomesFebruary 15, 2018

 

MCT Poised For Growth With Ayala Land At The HelmFebruary 13, 2018

 

MCT stake purchase will harness growth, says Ayala LandFebruary 08, 2018

 

Ayala to explore options to boost MCT's public shareholding spreadFebruary 07, 2018

 

MCT gets unconditional takeover offer from Ayala after Bursa waiverJanuary 05, 2018

 

Philippines' Ayala to make GO for Malaysia's MCTJanuary 03, 2018

 

MCT divests One City-linked unit for RM7.5mDecember 08, 2017

 

Cybersouth – Nature And Modern Living In Convenient TownshipOctober 24, 2017

 

There is still growth in property sector, says MCTMay 29, 2017

 

RM5mil more needed to build campusMay 17, 2016

 

Nature-inspired development near Cyberjaya offers a modern living experienceMay 10, 2016

 

MCT Berhad Listing CeremonyApril 07, 2015

 

MCT fixes placement price, will raise RM384milApril 03, 2015
07/11/2019 9:51 AM
Good123 coming soon likely

MCT GETS UNCONDITIONAL TAKEOVER OFFER FROM AYALA AFTER BURSA WAIVER

January 05, 2018

KUALA LUMPUR (Jan 5): MCT Bhd has received notice of an unconditional take-over offer at 88 sen per share from Philippine-listed Ayala Land Inc, after the latter raised its stake in MCT to 50.19%.

 

This came after the share purchase agreement for the stake buy became unconditional today following the receipt of a waiver from Bursa Malaysia, MCT said in a stock exchange filing.

 

As such, Ayala, which is undertaking the takeover via its wholly-owned unit Regent Wise Investments LTd (RWIL), is obliged to extend the takeover offer.

 

On Tuesday, MCT said it had received a letter of notification from RWIL that it had entered into a conditional SPA with MCT’s non-executive director Tan Sri Goh Ming Choon to acquire a 17.24% stake in MCT for RM202.5 million in cash, or 88 sen per share, raising RWIL's stake to 50.19% from 32.95%.

 

The agreement was conditional upon a waiver being obtained from Bursa to allow for 51% of the cash consideration to be settled in tranches to Goh.

 

Ayala Land said then that the increase in ownership of MCT would provide it with greater opportunity to take advantage of the growth potential and long-term prospects of the real estate sector in Malaysia and will affirm Ayala Land as a key player in the Asean property sector.

 

Meanwhile, MCT's filing said an independent adviser will be appointed to advise the board and the holders of the offer shares in relation to Ayala's now mandatory offer.

 

MCT shares closed up 0.5 sen or 0.59% higher today at 84.5 sen, bringing it a market capitalisation of RM1.13 billion.

 

Source : theedgemarkets.com
07/11/2019 9:54 AM
Good123 volume traded was active recently, always above 1 million shares traded...
07/11/2019 11:29 AM
Good123 1.3mil shares traded so early
07/11/2019 11:35 AM
Good123 super strong absorption rate at 20sen
07/11/2019 2:28 PM
Good123 20sen, almost finish
07/11/2019 2:33 PM
Good123 sudden tsunami upward soon
07/11/2019 2:45 PM
Good123 less than 1/3 of net assets per assets of an Ayala controlled company. insane price
07/11/2019 2:46 PM
Good123 stock at 20 Sen should be sold out by 4pm
07/11/2019 3:06 PM
Good123 get your ticket now :)
07/11/2019 3:07 PM
Good123 How was MCT doing financially?

Despite the current weak market sentiment of property sector and oversupply concerns, profit consistency by MCT in contributing >10% over the past 5 years has shown that the company was able deliver great margins on top of proficient cost saving management in their property development in line with the government budget initiatives for FY2019 in supporting the 1st time house buyer range between RM300k to RM700k.

For YoY profitability, MCT has registered a PAT of RM86 million with an approximate margin of 20% in FY2018 compared to RM80 million with an approximate margin of 14% in FY2017. The main revenue driver in 2018 was mainly due to profit contribution from newly-launched project launched in May 2018, Casawood @ Cybersouth. With existing landmark in Subang Jaya, Cyber Jaya
07/11/2019 3:09 PM
actura Ayala holding 72over % shares
07/11/2019 3:10 PM
Good123 bila? make a guess :)

Maintain NEUTRAL; new TP of MYR0.75 from MYR0.83, 9% upside. We remain cautious on the property market. MCT recently changed its FYE to Dec 2018 from Jun 2019. 5QFY18 core earnings came within expectations, mainly due to contributions from Lakefront @ Cyberjaya and Cybersouth projects. Unbilled sales fell to MYR1.1bn, due to the lack of new launches. With the uncertainty in the property market, management has held back on its launch of The Place 2.

5QFY18 earnings within expectation. MCT’s 5QFY18 core net profit of MYR20.3m was within our expectations. Revenue rose 33.8% YoY, mainly from Lakefront @ Cyberjaya and Cybersouth projects. Meanwhile, net profit surged by 92.4% YoY on higher margins, which in turn were due to construction cost savings from Lakefront Homes and Residences. Note that the company recently changed its FYE to Dec 2018, from Jun 2019.

Slower construction progress. Skypark @Cyberjaya was completed and handed over in July. Liquidated and ascertained damages stood at MYR0.5m for Casa Green and Casa View at Cybersouth and Lakefront Residences. We expect these projects to be handed over by the end of this year.

Unbilled sales fell. As at September, total unbilled sales fell to around MYR1.1bn (MYR1.4bn) due to the lack of new launches. The current unbilled sales should provide earnings visibility over the next 2-3 financial years for the group. MCT’s new sales in 5QFY18 slightly recovered to MYR113m (vs MYR70m in 4QFY18).

The Place 2 launches delayed. With the challenging property market, the group has held back its pipeline launch, ie The Place 2 (70% JV) mixed development project in Cyberjaya. The project has a total GDV of MYR1.08bn and is located next to Cyberjaya City Centre, within walking distance to the Limkokwing University of Creative Technolgoy.

Landbanking in exclusive neighbourhood. The group recently completed its landbanking exercise to acquire 5.61 acres and 3.52 acres of land in Bandar Damansara, Petaling Jaya, Selangor from Tropicana Golf
07/11/2019 3:11 PM
Good123 steadily absorb all shares at 20sen.. dirt cheap
07/11/2019 4:52 PM
actura wait for 0.19c to buy
07/11/2019 5:36 PM
dex BUY CALL, BUY CALL
07/11/2019 9:59 PM
Good123 b4 results and biz plan are announced , grab fast :)
08/11/2019 9:12 AM
Good123 no more cheap valuation soon
08/11/2019 9:12 AM
Good123 once goh or ayala starts buying, no chance to buy at current price
08/11/2019 9:14 AM
Good123 better late than never
08/11/2019 9:15 AM
Good123 goh can buyback now and sell to Ayala at 88sen later

According to MCT's 2018 annual report, Goh was appointed to the board as non-independent executive deputy chairman on April 1, 2015, before being redesignated as non-independent non-executive director on Nov 30, 2016.

His direct stake in the company has been pared down from 10.46% as at April 4 last year to 5.86% as at April 4 this year.

MCT shares slipped 0.5 sen or 1.09% today to close at 45.5 sen, giving it a market capitalisation of RM662.93 million. The stock has fallen 48% from a year ago.
08/11/2019 10:21 AM
Good123 new CEO in 2019, a Malaysian to bring MCT to another level too. KUALA LUPUR: Property developer MCT Bhd announced yesterday that Teh Heng Chong will be its new chief executive officer (CEO) and executive director, effective March 4.

The announcement came after the group announced a slew of boardroom changes on Jan 23, including the resignation of its then CEO, Jose Juan Z Jugo, and chief financial officer Maria Rochelle S Diaz, which took immediate effect.

In November last year, MCT was thrust into the limelight when riots broke out at the Seafield Sri Maha Mariamman Temple in Subang Jaya, over the temple’s relocation from its current site at USJ 25. The land on which the temple is situated belongs to MCT’s wholly-owned subsidiary, One City Development Sdn Bhd.

MCT is 66.25%-controlled by Ayala Land Inc, the property arm of Ayala Corporation of the Philippines.
08/11/2019 10:23 AM
Good123 low interest rate good for property stocks too. We initiate coverage of the real estate investment trust (REIT) sector with a “neutral” recommendation. We believe that while the counters are supported by defensive earnings quality with an attractive average distribution per unit of 4.9%, the yield spread of 150 basis points (bps) against the 10-year Malaysian Government Securities’ (MGS) yield of 3.4% is among (if not) the lowest yield spread vis-à-vis other major REIT markets around the world. In light of a dovish-sounding US Federal Reserve, we believe that Bank Negara Malaysia (BNM) could be on the same path of maintaining low interest rates, which should be good for REITs. However, the price run of some counters by as much as 20% year to date suggests that risk-reward is not attractive for now. We like prime shopping mall owners given their sustainable earnings but believe that most positives have been priced in. We initiate coverage of IGB REIT, Axis REIT and Sunway REIT with “neutral” recommendations.
For the near term, we expect the demand-supply dynamics of commercial and retail space in Malaysia to continue to be lacklustre given oversupply concerns. That said, we believe selected REITS’ rental earnings should remain resilient given their long-term leases and well-established matured assets. Integrated prime retail mall owners like IGB REIT, Sunway REIT and Pavilion REIT should continue to enjoy high occupancy despite the onslaught of incoming new retail malls.
Commercial space, both retail and office, faces oversupply issues in the near term. According to the Valuation and Property Services Department, the average rate of unoccupied office space in the region stood at 23.5% in the first quarter of 2019 (1Q19), compared with 22.6% in 1Q18. We understand that there will be more than 21.53 million sq ft of office space in the pipeline. Upon completion, it will inject another 12% to the current existing space. Similarly, retail supply in the Klang Valley is expected to rise to 69.1 million sq ft in 2019, according to Savills Research, following the completion of 4.8 million sq ft of lettable retail space this year. The incoming retail space is expected to grow by 13.5% to 78.4 million sq ft in 2022 if all 18 projects presently under construction are completed on time, which could worsen the glut.
The financial year 2019 average gross yield of Malaysian REITs is at 4.9% against the 10-year MGS’ yield of 3.4%, providing a yield spread of 150bps. In comparison, Japan’s yield spread is 400bps, while Singapore’s is 370bps. — PublicInvest Research, Nov 7
08/11/2019 10:42 AM
Victor Yong Direct business transaction at 34sen for 1.5million shares on 6 nov 2019, agreed to grab some ... coming soon

History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
06/11/2019 00:00:00 0.3400 0.1400 1.500m 1.500m 510,000 510,000 0.3400 0.1030 -
08/11/2019 2:46 PM
Victor Yong at such fire sale price now, value buy for MCT now :)

History (Direct Business Transactions in 2018 & 2019)
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
06/11/2019 00:00:00 0.3400 0.1400 1.500m 1.500m 510,000 510,000 0.3400 0.1030 -
03/10/2019 00:00:00 0.2200 0.0200 320,210 320,210 70,446 70,446 0.2200 0.0220 -
19/09/2019 00:00:00 0.2200 -0.0050 7,810 62,480 1,718 13,745 0.2200 0.0005 -
19/09/2019 00:00:00 0.2200 -0.0050 15,620 62,480 3,436 13,745 0.2200 0.0011 -
19/09/2019 00:00:00 0.2200 -0.0050 39,050 62,480 8,591 13,745 0.2200 0.0027 -
13/06/2019 00:00:00 0.3300 -0.0050 4.800m 4.800m 1.584m 1.584m 0.3300 0.3294 -
10/06/2019 00:00:00 0.3250 -0.0100 6.840m 6.840m 2.223m 2.223m 0.3250 0.4694 -
03/06/2019 00:00:00 0.3300 -0.0300 7.000m 7.000m 2.310m 2.310m 0.3300 0.4804 -
25/01/2019 00:00:00 0.6600 0.0450 11.667m 11.667m 7.700m 7.700m 0.6600 0.8007 -
02/04/2018 00:00:00 0.8800 - 7.125m 19.018m 6.270m 16.736m 0.8800 0.4890 -
02/04/2018 00:00:00 0.8800 - 11.893m 19.018m 10.466m 16.736m 0.8800 0.8163 -
28/03/2018 00:00:00 0.8800 0.0100 7.125m 17.125m 6.270m 15.070m 0.8800 0.4890 -
28/03/2018 00:00:00 0.8800 0.0100 10.000m 17.125m 8.800m 15.070m 0.8800 0.6863 -
14/03/2018 00:00:00 0.8800 -0.0100 4.500m 4.500m 3.960m 3.960m 0.8800 0.3371 -
08/01/2018 00:00:00 0.8800 0.0350 230.116m 230.116m 202.502m 202.502m 0.8800 17.2400 -
08/11/2019 2:48 PM
Good123 at such low price, 1 year later, at least 50% ROI, buy n hold :)
08/11/2019 2:55 PM
Good123 for quarterly performance, since quarterly results ended 30 June 2015, MCT tak pernah rugi, untung quarterly and yearly.
08/11/2019 2:58 PM
Good123 dividend only stopped after 2015 with ayala started buying the stocks, ayala wanted to privatise it, no point paying dividends, MGO at 88sen last year gagal.
08/11/2019 3:00 PM
Good123 a dividend stock b4 Ayala started acquiring the shares. if MCT not privatised with new MGO, dividend should be declared. close to rm500mil retained earnings @30.6.19. MCT can pay dividends n buyback shares anytime
08/11/2019 3:03 PM
Victor Yong also, daily volume traded has increased a lot :)

07/11/2019 0.20 0.195 - 0.205 0.20 0.00 (0.00%) 2,600,400
06/11/2019 0.205 0.20 - 0.205 0.20 0.00 (0.00%) 2,193,400
05/11/2019 0.205 0.20 - 0.215 0.20 0.00 (0.00%) 5,800,900
04/11/2019 0.20 0.20 - 0.205 0.20 0.00 (0.00%) 924,100
01/11/2019 0.20 0.195 - 0.205 0.20 0.00 (0.00%) 1,198,700
31/10/2019 0.205 0.20 - 0.205 0.20 0.00 (0.00%) 2,075,700
30/10/2019 0.20 0.20 - 0.21 0.20 -0.005 (2.44%) 1,161,100
29/10/2019 0.20 0.20 - 0.215 0.205 +0.01 (5.13%) 1,312,800
25/10/2019 0.205 0.195 - 0.21 0.195 -0.01 (4.88%) 1,996,800
24/10/2019 0.205 0.205 - 0.21 0.205 -0.005 (2.38%) 478,000
23/10/2019 0.215 0.205 - 0.215 0.21 -0.005 (2.33%) 1,256,000
22/10/2019 0.215 0.215 - 0.23 0.215 -0.005 (2.27%) 1,597,500
21/10/2019 0.23 0.22 - 0.23 0.22 -0.01 (4.35%) 422,500
18/10/2019 0.225 0.225 - 0.23 0.23 +0.005 (2.22%) 858,700
17/10/2019 0.215 0.215 - 0.24 0.225 +0.01 (4.65%) 3,512,900
16/10/2019 0.205 0.205 - 0.215 0.215 +0.01 (4.88%) 1,137,300
15/10/2019 0.21 0.205 - 0.21 0.205 0.00 (0.00%) 109,200
14/10/2019 0.21 0.205 - 0.215 0.205 -0.005 (2.38%) 224,700
11/10/2019 0.215 0.21 - 0.22 0.21 -0.005 (2.33%) 512,000
08/11/2019 3:09 PM
Good123 advantage of mct , a rich parent company. ayala advanced rm200mil to mct as per the accounts @30.6.19. tak buat cara orang lain.KUALA LUMPUR (Nov 8): Chin Hin Group Bhd's subsidiaries are selling RM76.45 million worth of real estate assets to major shareholders to raise cash which will be used to repay bank loans and finance the building material distributor's working capital needs.
In a statement with Bursa Malaysia today, Chin Hin said its subsidiaries are selling real estate assets to companies owned by Chin Hin major shareholders Datuk Seri Chiau Beng Teik, Chiau Haw Choon and Datin Seri Wong Mee Leng.
Wong is Beng Teik's spouse and Haw Choon's mother, according to Chin Hin.
"The proposals provide an avenue for the group to unlock the value of its property assets at their market value; and raise cash proceeds which can be channelled towards the group’s business operations. The proposals will also reduce the administrative time and effort required to monitor the properties and will enable the group to focus its resources on its core businesses.
"The proposals will enable the group to part repay its bank borrowings, which will reduce the group’s gearing level and improve the group’s financial position with the enhancement of its current ratio; and improve the group’s cash flow due to the lower interest expense. In view of the capital requirements of the group’s operations and financial obligations, the group recognises the need to pursue an asset light strategy and to monetise its non-core assets to raise additional funds to enhance the group’s financial position," Chin Hin said.
 
Chin Hin said its wholly-owned subsidiary Metex Steel Sdn Bhd is selling its 100% stake in Ace Logistic Sdn Bhd to PP Chin Hin Realty Sdn Bhd for RM20.8 million.
Ace Logistic owns two semi-detached factories in Nilai, Negeri Sembilan and two single-storey terrace houses at Taman Wira Mas in Kepala Batas, Kedah, according to Chin Hin.
Chin Hin said another wholly-owned subsidiary PP Chin Hin Sdn Bhd is selling shop offices and factories to Midas Signature Sdn Bhd for RM55.65 million.
Chin Hin said the shop offices include properties located along Jalan Kuchai Lama here and at Kedah's Taman Bandar Baru Mergong in Alor Setar. Chin Hin said the factories comprise properties in Shah Alam, Selangor and Taman Bandar Baru Mergong.
According to Chin Hin, Metex had today entered into the conditional share sale agreement with PP Chin Hin Realty for the Ace Logistic disposal, while PP Chin Hin signed 35 conditional sale and purchase agreements (SPA) with Midas for the disposal of the shop offices and factories.
 
"In conjunction with the proposed disposal of properties (shop offices and factories), PP Chin Hin will enter into 14 tenancy agreements with Midas for the proposed tenancies of five units of shop offices at Kuala Lumpur, seven units of shop offices at Alor Setar, Kedah and 89 units of car parks at Kuala Lumpur. The tenancies will commence on the day, immediately after the completion of the respective properties SPA.
"The proposed tenancy provides the group with certainty that its ongoing business operations will not be disrupted. The proposed tenancy provides for the group to renew the tenancies at the group’s option, which allows the group to continue operating its headquarters at Jalan Kuchai Lama, Kuala Lumpur and its branch offices and warehouse in Alor Setar.
"As for the Nilai factory, the tenancy will only expire in December 2020, with automatic renewal up till December 2023, and the option to renew for further five years, ensuring the group’s wire mesh manufacturing business will not be disrupted," Chin Hin said.
Midas is a wholly-owned subsidiary of Aera Property Group Sdn Bhd, which is is wholly-owned by PP Chin Hin Realty, according to Chin Hin.
Beng Teik and Haw Choon, who are directors and major shareholders of Chin Hin, are also directors and major shareholders of PP Chin Hin Realty, Aera Property and Midas.
"Wong is the spouse of Beng Teik and mother of Haw Choon and she also has substantial indirect shareholdings in Chin Hin, PP Chin Hin Realty, Aera Property and Midas," Chin Hin said.
08/11/2019 3:26 PM
Good123 ayala owns 75% of mct but treat mct aes wholly owned subsidiary. rm200mil advanced to mct tak isu.
08/11/2019 3:28 PM
Good123 ayala just waiting for the right timing to privatise mct with new MGO :)
08/11/2019 3:29 PM
nickthebest Please don't tipu yourself lol
09/11/2019 6:09 PM
Good123 20sen cheap sale will end... results r out soon
11/11/2019 10:10 AM
actura Today 11-11. cheap sales ... will down to 0.19c
11/11/2019 11:34 AM
Good123 just a waiting game, too who have patience will reap the post
12/11/2019 10:23 AM
Good123 technical analysis also supports uptrend ... be patient
12/11/2019 10:24 AM
Good123 those tak sabar boleh jualkan kepada mereka yang sanggup waitva bit
12/11/2019 10:24 AM
Good123 palm oil price recovered to rm2600 per tonne, got money to buy properties in stages
12/11/2019 4:31 PM
Good123 last year, palm oil stocks fell to the bottom, now rebound a lot. property stocks will be next
12/11/2019 4:32 PM


 

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