MCT BERHAD

KLSE (MYR): MCT (5182)

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Last Price

0.15

Today's Change

0.00 (0.00%)

Day's Change

0.145 - 0.15

Trading Volume

101,000


3 people like this.

2,855 comment(s). Last comment by Val-Elta 2 days ago

megat36

175 posts

Posted by megat36 > 2021-04-24 20:36 | Report Abuse

apa power...everyone into hc and crypto...

carurhead

211 posts

Posted by carurhead > 2021-04-26 09:39 | Report Abuse

This stock is going to rise..

Posted by Masterbadman > 2021-04-28 13:26 | Report Abuse

Online guru say 0.23 below can consider to enter.

matg

957 posts

Posted by matg > 2021-04-28 16:25 | Report Abuse

Offline guru said enter now.. lol

Posted by AllanTingAS > 2021-04-29 10:05 | Report Abuse

Very difficult to buy at 0.23 due to huge queue buy at ~0.25! couple with low equity and strong holding of major shareholder. I sold part of holding at 0.275 and still queue buy for long time at 0.25-0.255

Winmore88

1,165 posts

Posted by Winmore88 > 2021-04-30 12:30 | Report Abuse

jackpot coming soon? maybe 50c?

Posted by faiqqroslan95 > 2021-04-30 22:42 | Report Abuse

Strong support at 0.265, this stock going huge in couple of weeks

Posted by Masterbadman > 2021-05-04 09:35 | Report Abuse

0.23 really coming. So power this online guru always so accurate

Sky8020

5 posts

Posted by Sky8020 > 2021-05-04 23:24 | Report Abuse

base on graph.. tmr will got movement

UnicornP

2,411 posts

Posted by UnicornP > 2021-05-11 09:17 | Report Abuse

Just compare Spsetia chart with MCT's you will know the value of MCT.

Posted by Masterbadman > 2021-05-11 09:24 | Report Abuse

0.2 coming hahaha good company is real

ztzeal

66 posts

Posted by ztzeal > 2021-05-27 09:14 | Report Abuse

rebound?

SpikeNow

204 posts

Posted by SpikeNow > 2021-05-27 09:25 | Report Abuse

there is volume today .. vroom vroom ... property theme today ? i wallap and see

Posted by andreawong > 2021-05-28 09:38 | Report Abuse

@Masterbadman who is the online guru? Any news to up 0.27 soon?

Atok__

8 posts

Posted by Atok__ > 2021-06-01 19:25 | Report Abuse

hope rebound tomorrow

nemesis

3,330 posts

Posted by nemesis > 2021-06-08 16:32 | Report Abuse

This coming Covid case should give clear direction of MCT future share price...if brought under control, then it is great uptrend for MCT above 0.30

Posted by vincent cym > 2021-06-08 21:57 | Report Abuse

great result, LU!

cspsuarez

58 posts

Posted by cspsuarez > 2021-06-08 22:54 | Report Abuse

Eps 0.7.. come on go go go

nemesis

3,330 posts

Posted by nemesis > 2021-06-08 23:42 | Report Abuse

Tomolo another upside

SpikeNow

204 posts

Posted by SpikeNow > 2021-06-09 10:37 | Report Abuse

today looks au sai .. go sleep ba . haha ..

SK1200

776 posts

Posted by SK1200 > 2021-06-10 13:35 | Report Abuse

Buy and keep.1st TP 0.30..go go go

SpikeNow

204 posts

Posted by SpikeNow > 2021-06-11 12:05 | Report Abuse

i sell some .. nice run ..

SpikeNow

204 posts

Posted by SpikeNow > 2021-06-14 08:56 | Report Abuse

nice nice nice .. haha now exciting .. 2nd tranche out morning ..

Posted by Freshbreakout > 2021-06-24 10:56 | Report Abuse

Ok dah correction. Jom masuk balik! TP jauh lg ma...

atee38

7 posts

Posted by atee38 > 2021-06-29 05:55 | Report Abuse

freshbreakout mcm kita boleh tahu dah settle correction..tq

cheah99

50 posts

Posted by cheah99 > 2021-07-22 11:26 | Report Abuse

almost all property counter already move but this 1 not move at all

nemesis

3,330 posts

Posted by nemesis > 2021-08-17 10:19 | Report Abuse

Aetas Damansara up to 55% taken up which is launched last Nov...if up to 70% sold by year end, then MCT will rake in decent profit from it...Overall MCT will post commendable fin result for 2021 and 2022

ZackMaz

79 posts

Posted by ZackMaz > 2021-08-18 11:54 | Report Abuse

very undervalued company, every qr showing good profit, what else we want..? maybe mid of next year, this counter can reach back to 0.4

lucky8

181 posts

Posted by lucky8 > 2021-08-22 17:17 | Report Abuse

0.2 a good support so far, can it below that? I will wanna collect some

davidkkw79

5,020 posts

Posted by davidkkw79 > 2021-08-26 20:27 | Report Abuse

wow....QR losses still can up ah ?!

George99

192 posts

Posted by George99 > 2021-08-31 22:25 | Report Abuse

Up....up..... up.......

Posted by Silly_money > 2021-09-15 10:44 | Report Abuse

There are alot of issues of their building. there are many on going court case going on with mct

Posted by mrsyed7007 > 2021-10-12 21:03 | Report Abuse

slow.....hmm.... hold

awesome20

1,040 posts

Posted by awesome20 > 2021-10-13 18:48 | Report Abuse

check when was last cycle
if more than 3@6 month ago then it is good

Posted by Mirage2000E > 2021-10-17 16:45 | Report Abuse

Silly money... What court cases with MCT ??? I only heard of bad building construction by home buyers...????

Posted by risktoreward > 2021-11-15 13:02 | Report Abuse

Enter @ .21 today

Posted by Flying69King > 2022-01-27 23:42 | Report Abuse

Buy now 17sen very cheap. A lot of people stuck at kondo price. 2022 property sector gonna rebound. Last year pkp pkp pkp
Smpai abah din cirit mmposs

me073194

125 posts

Posted by me073194 > 2022-02-04 12:03 | Report Abuse

Limit up today

Posted by Flying69King > 2022-02-04 23:57 | Report Abuse

Monday got show?

George99

192 posts

Posted by George99 > 2022-02-20 15:28 | Report Abuse

Monday.... limit up?

nelsonlim

11 posts

Posted by nelsonlim > 2 months ago | Report Abuse

slowly slowly prop will benefit after singapore and malaysia border reopening

awesome20

1,040 posts

Posted by awesome20 > 1 month ago | Report Abuse

what chart says about this?

ahgorgor

167 posts

Posted by ahgorgor > 1 month ago | Report Abuse

17 sen support. Undervalue

Posted by wbuffet2 > 2 days ago | Report Abuse

Let's forget above the glove company....the oil & gas company....the oil palm companies......With my years of investment experiences.....this is definitely one of the very few gems available in Bursa. Will add to my investment portfolio.

Posted by snowball2000 > 2 days ago | Report Abuse

The company is really strange. Major shareholder pumped in a lot of money but not much activity. Interest charged is high compared to the level of activity. Newbie here, can someone please enlighten?

Val-Elta

630 posts

Posted by Val-Elta > 2 days ago | Report Abuse

Hi snowball, to be honest, you'll be looking at a good result for MCT in the 4th quarter results, this next 6 months, the results will be so so only.

Please verify on your own, what is said.

To answer you, interest cost, this is due to the loan MCT took from Ayala in 2018/2019 like that, around 120m++ USD, interest rate around 6%, that's why every year need to pay ~32million in interest.

Why so much loan (500+m MYR) vs low level of sales, I believe they used the money to rush out the completion of projects back then, after those projects were completed around 2020 (When MCT recorded one of their higher profits) of course Covid comes, and it effected their new launches, imagine if without covid, Aetas and Alira were launched 1 year earlier, and at this time, the revenue from these two projects (or more projects) would be just nice to cover the interest and generated profits.

Worst of all, after the intercompany loan is approved, goverment implemented taxation on intercompany loans, whereby, interest paid to controlling shareholders is not tax deductible expense. Again, got hit not only by interest, you'll also got hit by taxation as well. MCT's tax rate is insanely high... 30 to 40% ish? I didn't really verify the exact percentages for you...

That's the bad news, but having said all of that, this is where the better news is coming in.

If you check 2020 Annual Report, their unbilled sales is ~RM 320m
If you check the 2021 Annual Report, (EVEN AFTER BILLING minus RM 320m sales), they still have UNBILLED SALES of RM 510m!

Basically, in the year 2021, with covid, with lockdown, MCT sold RM 510m of new homes! Impressive numbers...

This RM 510m sales is from Aetas, Alira, Casa Bayu, which for aetas and alira, is only in the unbillable constructions stage unfortunately. Aetas will hit their residential unit construction in the 3rd quarter, while Alira probably will bill the first 10% in December (assuming foundation works takes a year)

Back to your interest topic, the MYR 500m + loan this figure have moved from Long Term Liability to Short Term Liability in Dec 2021 QR, which means, yes, this pain in the ass Loan/Interest/Tax payment will be replaced with local banking borrowings, that is more realistic with the current activity level, and at a lower interest rate amount as well.

Yes, like that loh, if you're entering now, it's really a good good point to enter, Net Asset 50+ cents, but, please, do prepare to hold up to minimum 6, ideally 9 months for this investment to turn around :(

I wouldn't want you to buy and cut loss in the next 1 to 3 months.
Myself also in the boat, and plan to see it through til year end.

Val-Elta

630 posts

Posted by Val-Elta > 2 days ago | Report Abuse

Oh ya, forgot to mention, in 2021, MCT loss about MYR 22 million to their construction subsidiary, (Remember, MCT used to have their own in house construction team) to build their projects before 2020.

Again, this is where the good news comes in, MCT have since fully sub contract construction works out, so, YoY, it's not likely to incur the -22m loss from their construction department.

So, that's the frank story of MCT, good entry if you have the patience, or if you can accumulate on a monthly basis until their year end.

But again, will subject to near term risks for the next 6 to 9 months :(

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