dividend is expected to be reintroduced if Ayala does not want to reoffer new MGO .
MCT Dividend History
FYEx DatePay DateTypeDiv (Cent)DetailsJun1508 Sep 201509 Oct 2015Interim2.00Dec1409 Mar 201508 Apr 2015Interim0.80Dec1218 Sep 201218 Oct 2012Second interim1.50Dec1227 Jun 201218 Jul 2012First Interim1.50Dec1113 Mar 201210 Apr 2012Second interim3.00Dec1113 Sep 201106 Oct 2011Interim2.00Dec1008 Mar 201128 Mar 2011Interim2.00
to get more shareholders, Ayala land needs to ensure the share price is rising, pay dividend, pay bonus share, etc... then analysts will write favourably... if Ayala doesn't want to offer new MGO
Ayala Corporation (Spanish: Corporación Ayala, formerly Ayala y Compañía) is the publicly listed holding company for the diversified interests of the Ayala Group. Founded in the Philippines by Domingo Róxas and Antonio de Ayala during the Spanish colonial rule, it is the country's oldest and largest conglomerate. The company has a portfolio of diverse business interests, including investments in retail, education, real estate, banking, telecommunications, water infrastructure, renewable energy, electronics, information technology, automotive, healthcare, and management and business process outsourcing. As of November 2015, it is the country's largest corporation in terms of assets ($48.7B).
Bank of the Philippine Islands (Filipino: Bangko ng Kapuluang Pilipinas, Spanish: Banco de las Islas Filipinas, commonly known as BPI; PSE: BPI) is a universal bank in the Philippines. It is the first bank in both the Philippines and Southeast Asia.[2][3][4][5] It is the fourth largest bank in terms of assets, the second largest bank in terms of market capitalization,[6][7][8][9] and one of the most profitable banks in the Philippines.[10][11][12]
Bank of the Philippine Islands
Type
PublicTraded asPSE: BPIIndustryFinanceFoundedManila, Captaincy General of the Philippines (August 1, 1851; 168 years ago)Headquarters
Makati
,
Philippines
Key people
Jaime Augusto Zóbel de Ayala (Chairman) Cezar P. Consing (President
Like Social Forum Comment anthonylow likes this. Showing 50 of 522 comments. Show more comments X Victor Yong Mr. Ching Hong Seng was appointed as Alternate Director to Tan Sri Dato’ Sri Goh Ming Choon on 13 August 2018. He holds a Bachelor Degree in Accounting from University of Malaya and he is a member of the Malaysian Institute of Certified Public Accountants (MICPA) and Malaysian Institute of Accountants (MIA). He started his accounting and auditing career in Messrs. Pricewaterhouse in 1998 before enhancing his career by joining a medium-sized audit firm in 2002 to lead the auditing and merger and acquisitions team. He left the professional service industry and joined Kumpulan Hartanah Selangor Berhad as a Senior Manager, Finance in 2004 and went on to assume the position as General Manager, Finance until 2012. During his tenure, he also held several Director positions within the subsidiary companies which include SAP Holdings Berhad and Central Spectrum (M) Sdn Bhd. After that, he went into freelance consultancy services. Currently, he holds the position as a Personal Finance Officer to a chairman of a listed company. He does not hold any other directorship in public companies and listed issuers in Malaysia. 11/10/2019 5:37 PM X Victor Yong LIST OF PROPERTIES HELD COMPANY / Address Land Area (AcRES) Existing use Tenure Approximate age of the building Remaining useful life of building Net Book Valueas at 30.06.2018 Year of acquisition/ Year of completion* Timeless Hectares Sdn. Bhd. Lot 0108632, Mukim Dengkil, Daerah Sepang, Selangor Darul Ehsan 23.10 Lakefront (Land under Development) Freehold NA NA 34,506,960 25.03.2011 Lot 0108633, Mukim Dengkil, Daerah Sepang, Selangor Darul Ehsan 15.96 Lakefront (Land under Development) Freehold NA NA 25.03.2011 Lot 0108634, Mukim Dengkil, Daerah Sepang, Selangor Darul Ehsan 18.78 Lakefront (Land under Development) Freehold NA NA 24,845,000 25.03.2011 Lot 0108636, Mukim Dengkil, Daerah Sepang, Selangor Darul Ehsan 2.15 Lakefront (Land under Development) Freehold NA NA 25.03.2011 Solid Recommendation Sdn. Bhd. Lot 47336 Mukim Dengkil, Daerah Sepang, Selangor Darul Ehsan 11.13 Skypark @ Cyberjaya (Land under development) Freehold NA NA 43,160,000 22.09.2010 Solid Benefit Sdn. Bhd. Lot 104161 Mukim Dengkil, Daerah Sepang, Selangor Darul Ehsan 73.83 Cybersouth (Land held for development) Leasehold expiring 01.02.2104 NA 86 5,259,154 2008 Lot 104162 Mukim Dengkil, Daerah Sepang, Selangor Darul Ehsan 124.47 Cybersouth (Land held for development) Leasehold expiring 01.02.2104 NA 86 8,866,407 2008 Lot 104163 Mukim Dengkil, Daerah Sepang, Selangor Darul Ehsan 54.51 Cybersouth (Land held for development) Leasehold expiring 01.02.2104 NA 86 3,882,214 2008 Lot 104164 Mukim Dengkil, Daerah Sepang, Selangor Darul Ehsan 48.65 Cybersouth (Land held for development) Leasehold expiring 01.02.2104 NA 86 3,465,500 2008 Lot 47955 Mukim Dengkil, Daerah Sepang, Selangor Darul Ehsan 115.5 Cybersouth (Land held for development) Leasehold expiring 20.07.2104 NA 86 8,226,733 2009 One City Development Sdn. Bhd. Lot 81278 Mukim Damansara, Daerah Petaling, Selangor Darul Ehsan 14.35 One City Phase 3 (Land held for development) Freehold NA NA 10,907,612 1998 Lot 91374 Mukim Damansara, Daerah Petaling, Selangor Darul Ehsan 2.90 One City Phase 3 (Land held for development) Freehold NA NA 2,592,388 2012 Vista Global Development Sdn. Bhd. Lot PT12016, Mukim Dengkil, Daerah Sepang, Selangor Darul Ehsan 7.20 Cyber ONE (Land held for investment) Freehold NA NA 31,371,912 20.09.2013 11/10/2019 5:39 PM X Victor Yong COMPANY / Address Land Area (AcRES) Existing use Tenure Approximate age of the building Remaining useful life of building Net Book Valueas at 30.06.2018 Year of acquisition/ Year of completion* Nexus Advertising SDN. BHD. Lot PT9303, Mukim Damansara, Daerah Petaling, Selangor Darul Ehsan 2.91 Land held for investment Leasehold expiring 21.04.2086 NA NA 5,481,911 11.06.2012 Lot 3675, Mukim Damansara, Daerah Petaling, Selangor Darul Ehsan 1.92 Land held for investment Leasehold 10.08.2086 NA NA 11.06.2012 Undersea City Sdn. Bhd. Lot 589, GM202, Mukim Damansara, Kg Bukit Lanchong, 47650 Daerah Petaling 3.00 Land held for investment Freehold NA NA 6,450,000 15.12.2015 The Place Properties Sdn. Bhd. The Place @ Cyberjaya, Jalan Teknokrat 1/1, Cyberjaya, 63000 Selangor Darul Ehsan 458,454 Basement carpark and retail lots Freehold 3 years NA 30,054,232 31.03.2015
AYALA Land, Inc. (ALI) was the most actively traded stock last week as investors continued to take cues from the developer’s “good” second-quarter earnings, and the launch of its P16.1-billion office-for-sale project in Quezon City.
A total of P2.37 billion worth of 48.57 million shares were traded from Aug. 19-23, data from the Philippine Stock Exchange (PSE) showed.
Shares closed at P48.90 apiece on Friday, down P0.25 or 0.51% from the previous day and 0.71% week on week from the P49.25 finish on Aug. 16. For the year, the stock gained 18.40%.
“We think that one key factor in this is the good earnings result of [ALI] posting growth on all of its business segments such as real estate, retail mall space and the office leasing,” Philstocks Financial, Inc. Client Engagement Officer and Research Associate Piper Chaucer E. Tan said in an e-mail.
For the second quarter, ALI’s net income attributable to equity holders grew 11.6% to P7.834 billion, bringing the first half figure to P15.157 billion, up 12% year on year.
“[I]n terms of valuation, [Ayala Land] is cheaper and that is also a factor based on its earnings results,” Mr. Tan said, adding that while there was net foreign selling on the stock, local investors took advantage.
For Unicapital Securities, Inc. technical analyst Cristopher Adrian T. San Pedro, the launch of One Vertis Plaza in Quezon City contributed to the stock’s movement. The project is Ayala Land Premier’s (ALP) first office-for-sale project.
“The news generated positive investor sentiment as it contributed to the bounce of the stock from the low of P46.30 per share (Aug. 13) to as high as P48.45 per share (Aug. 16),” he said.
ALP said last Aug. 16 that it has already sold 65% of the 43-storey office tower, or about P10.6 billion. The average selling price of each square meter (sq.m.) has risen 20% to P352,000 by August, from its launch price of P269,000 per sq.m. in June 2018. With office spaces ranging from 101 to 325 sq.m., each unit costs about P28 million to P114 million.
Construction for One Vertis Plaza is now ongoing, with target completion by the second quarter of 2024.
“[ALI is expected] to deliver such projects coming from its very aggressive landbanking and expansion in the National Capital Region (NCR) and increasing its footprint in areas outside NCR, and this may add to the increasing office portfolio for ALI,” Mr. Tan said.
However, the overall property market sentiment is weakening as China intensifies its crackdown on cross-border gambling of its citizens.
“The POGO (Phlippine offshore gaming operators) crackdown is hurting the overall investor sentiment on the property sector,” Mr. San Pedro said.
The Philippine Amusement and Gaming Corp. (PAGCOR) suspended acceptance of applications for offshore gaming licenses pending a review of the operations of POGOs. China’s foreign ministry spokesman Geng Shuang said the country hoped that the Philippines “will go further and ban all online gambling.”
But for Mr. Tan, however, this development had little to no impact on ALI.
“One thing that we noticed [is] that despite the news on POGO crackdown, there is really much no effect on [ALI] due to the fact [that ALI] is limiting its exposure to POGOs even before the boom of this industry to just 10% of its office leasing portfolio.”
For this year, Mr. San Pedro expects ALI’s net income to reach P34 billion driven by robust growth in its commercial leasing segment. He identified three risks to this outlook, namely the increase in mortgage rates, project delays that might “hurt the stream of residential revenues,” and “government regulatory constraints.”
Meanwhile, Mr. Tan gave a lower full-year net income forecast at P33.2 billion. He sees the stock’s primary and secondary support at P47.5 and P46, respectively, and resistance at P51.7-P52 level and the secondary resistance at P53.85.
Mr. San Pedro said ALI stock is expected to consolidate between P46.00 and P49.50 levels “with a bearish bias as long as it stays below P50.00 in the short term.”
“There is also a risk of a bearish head and shoulder pattern which could trigger the stock to test the next support levels at P44 and P45,” he said. — Christine Joyce S. Castañeda
August 5, 2019 – Ayala Land Inc. (ALI) recorded a 12% increase in net income to P15.2 billion in the first six months of 2019 while total revenues increased by 4% to P83.2 billion during the period. This was driven by the sustained growth of ALI’s property development business led by office sales, complemented by the strong topline growth of its commercial leasing businesses. The positive macroeconomic environment in the first half of the year provided the growth platform for the company. The company’s extensive portfolio has allowed it to maximize the demand for residential, office and commercial properties, generating real estate revenues of P81.9 billion. Property development revenues amounted to P58.9 billion as supported by the office for sale segment which grew more than two-fold to P10.1 billion and commercial and industrial lot sales which increased by 11% to P4.3 billion. Meanwhile, commercial leasing revenues jumped to P18.6 billion, a 16% increase from the previous year. "We continue to benefit from the strong economic growth of the country. Results from our various business lines continue to be good, with notable performances in our leasing portfolio and the sales of office condominiums and commercial lots. Moving forward, we remain positive on demand across all market segments and plan to increase the level of product introduction in the second half of the year,” said ALI President and CEO Bernard Vincent O. Dy. The company’s capital expenditures reached P49.5 billion in the first half of the year to sustain its residential and leasing asset buildup. Residential revenues registered at P44.5 billion, 11% lower than the previous year mainly due to the full sell out and completion of successful projects by ALP and ALVEO. Meanwhile, Avida and Amaia continued to exhibit growth from the contribution of its ongoing projects. Avida generated P13.6 billion in revenues, 28% higher than P10.6 billion last year. Amaia on the other hand, recorded revenues of P3.7 billion, a 19% increase from P3.1 billion in the previous period. Sales reservations remained steady at P72.3 billion as local Filipinos continued to drive demand, comprising 70% of the total buyers. This was supplemented by sales from Overseas Filipinos comprising 13% while sales from other nationalities amounted to 17%. A total of 13 projects valued at P19.5 billion went to market in the first half of 2019. The company plans to ramp up launches in the second half with a bulk of the projects to be launched within the last two quarters of the year. Unbooked revenues increased by P3 billion from the first quarter of 2019, reaching a total of P147 billion which will be recognized in the next 3 to 4 years based on percentage of completion. For ALI’s commercial leasing business, shopping centers revenues grew 12% to P10.3 billion, supported by same mall revenue growth of 11% given the increased contribution of Ayala Malls Feliz, Circuit Makati and Capitol Central, supplementing the strong operations of Glorietta and Greenbelt in Makati, and Ayala Center Cebu. Office leasing revenues also surged 25%, reaching P4.6 billion as newly-opened offices in Ayala North Exchange, Vertis North and Circuit Makati gained further traction. The hotels and resorts segment on the other hand, saw a 17% surge in revenues to P3.7 billion, due to strong patronage of Seda Ayala Center Cebu, and Lio. The company looks forward to finishing the year with a full range of projects including new estates in Tarlac and Batangas, the Alviera Country Club in Porac, and the recently launched Ayala North Exchange in Makati City. The Ayala North Exchange is one of the latest additions to the portfolio of AyalaLand Offices, which is currently the country’s leader in the office real estate sector with over 1.1 million square meters of leasable space in key cities nationwide. Office properties form a significant part of ALI’s growth strategy as the company recently announced plans to establish a Real Estate Investment Trust (REIT) with prime commercial office assets in Makati. “We continue to build our nationwide footprint as we gear up to launch estates in Batangas and Tarlac. Our best in class landbank of over 11,000 hectares is strategically positioned in the most progressive areas in the country and will support our long-term growth objectives,” said Dy.
Ayala Land’s eco-city Nuvali in Laguna: A view of the pioneering sustainable estate’s main road Nuvali Boulevard and its four-hectare lake. The boulevard is 60 meters wide with a 12-meter pedestrian and bike path on each side, and a provision for a future tram in the middle. Ten years later, Nuvali remains true to that vision. It has expanded to 2,290 hectares and continues to grow as an eco-community with offices, residences, recreation and retail areas, schools and churches. On Sept. 16, 2008, hundreds of people planted more than 400 trees in an estate in Laguna that was envisioned to be a flagship eco-community. They also buried a time capsule that contained the day’s newspapers, the site development plan of the estate, a medallion of St. Benedict’s and a photo of the team that would eventually build this place, among others. The date is significant because it was the 20th anniversary of Ayala Land and it was the company’s employees who planted the trees. The year is also significant because it was only two years after the film An Inconvenient Truth came out in 2006, documenting former US Vice President Al Gore’s campaign to educate people around the world about global warming. Today we all know that it’s a very real and grave issue with the effects felt globally, but back then it was neither considered important by majority of people nor fully understood.
KUALA LUMPUR (Oct 16): TA Securities Research has upgraded the property sector to "Overweight" (from Neutral) and said since August 2019, developers' share prices were heavily bashed down amid concerns on rising property overhang and slow property demand due to financing issues.
In a note today, TA Securities said year to date, developers' share prices underperformed the benchmark index, with the KLPRP index falling 12% as compared to the benchmark FBM KLCI, which declined by 7.4%.
It said incentives from Budget 2020 should help to address the oversupply and financing issues.
The research house said these incentives included the RM10 billion Rent-to-own (RTO) Financing Scheme provided by financial institutions for the purchase of first home up to RM500,000, lowering the threshold on high-rise property prices in urban areas for foreign ownership from RM1 million to RM600,000, extension of the Youth Housing Scheme, and the real property gains tax (RPGT) valuation on property would only be calculated from the year 2013 onwards (previous base year of 2000).
"We continue to see the accommodative interest rate environment to bode well for the housing market," said TA Securities.
It said with various efforts to spur housing market activities, there were trading opportunities to buy undervalued developers.
"The sector is currently trading at an attractive valuation of 10.0x and 0.6x CY20 PER and PBV respectively vs five-year historical average PER
MANILA (April 18): Philippine builder’s MCT venture bought 9.25 hectares real property in Malaysia for a mixed-use development that will focus on residential market, Ayala Land President Bobby Dy says at briefing in Manila after shareholders meeting.
* Ayala Land is currently selling 10b pesos of 10-year debt at a coupon of 5.9203%, CFO Augusto Bengzon says at same briefing, describing pricing as “very tight”
* NOTE: Philippine government sold 10-year bonds on Tuesday at average yield of 6.213%
* Company plans to raise 15b to 20b pesos from debt market to fund its 111b pesos capex this year, CFO says
* NOTE: Ayala Land Sets Record Capex, Girds for 41% Rise in New Projects
* Ayala Land to open 4 malls this year which will add 300,000sqm gross leasable area
** Occupancy rate of stable malls at 97%
* Dy says 1Q economic growth remains supportive of property sector, overall environment is steady
Ayala Land outlines PH, Malaysia expansion in 2018
The real estate firm's plans for the year include 4 malls and 3 office buildings in the Philippines, as well as a development in Klang Valley, Malaysia
Chris Schnabel @mickschnabel Published 8:05 PM, April 18, 2018
Updated 8:05 PM, April 18, 2018
ON TRACK. Ayala Land president and chief executive officer Bernard Dy (left) and chief finance officer Augusto Bengzon discuss the firm's plans for hitting its 2020 target, in a briefing on April 18, 2018. Photo by Chris Schnabel/Rappler
ON TRACK. Ayala Land president and chief executive officer Bernard Dy (left) and chief finance officer Augusto Bengzon discuss the firm's plans for hitting its 2020 target, in a briefing on April 18, 2018. Photo by Chris Schnabel/Rappler
MANILA, Philippines – Ayala Land Incorporated, the property arm of the Ayala group, is targeting a slew of new local developments as well as a push into Malaysia as it chases its target of P40 billion in net income by 2020.
"We now have a portfolio of 24 estates and we plan to launch two estates this year, while we will also go flat out in the development of our recently launched estates Circuit Makati, Vermosa in Cavite, and Arca South," said Ayala Land president and chief executive officer Bernard Dy in a briefing following the firm's 2018 stockholders' meeting on Wednesday, April 18.
"We are also targeting opening 4 new malls this year and a retail center in the Ayala North Exchange in Makati that will add about 300,000 square meters (sqm) to our total shopping center gross leasable area (GLA)," he added.
Beyond these, Ayala Land also plans to open 3 new office buildings with a combined GLA of 77,000 sqm.
It will also make 620 additional hotel rooms available across 3 Seda hotels – Seda Bohol, Seda Lio in Palawan, and Seda Bonifacio Global City.
Ayala Land has set a capital expenditure budget of P111 billion for 2018, compared to the P91 billion in registered spending last year.
Malaysian push
Earlier this year, Ayala Land also upped its now majority stake in Malaysian developer MCT Berhad to around 66%.
"We now have a platform to plan our expansion into Malaysia. The board just recently approved the acquisition of a 9.25-acre [property] in Klang Valley, Malaysia that is basically our first land acquisition in Malaysia since we first invested in MCT Berhad," Dy said.
"We saw a lot of similarities in Klang Valley that we see in the Philippines. Klang Valley is home to around 8 million, has fairly good GDP (gross domestic product) growth of about 5%, and the population averages around the mid-20s in age," he added.
According to Dy, the plan for the Malaysia property is to develop mixed-use estates focused on homes targeted towards the middle income market.
The acquisition of the land, valued at around P2 billion, was done through MCT Berhad.
Dy added that the Ayala Land-controlled firm is evaluating other sites as well.
Ayala Land reported a full-year 2017 net income of P25.3 billion, up 21% from 2016, as total revenues grew 14% to P142.3 billion.
"We have been on track towards our target so far from 2014 to 2017, having grown our compounded annual growth rate by 21%. For us to be able to meet the P40-billion target, from 2018 to 2020, we now need to grow our income by 17% per year," Dy said.
"Given the continued economic growth in the country, we feel very positive that we will be able to continue to introduce new projects to the market that will bring us closer to achieving that target," he added. – Rappler.com
if u look at the account as at 30.6.2019, MCT has zero gearing because cash rich Ayala just advance about rm200mil.. kind n supportive Holdings company
Ayala land alone is about 10 times the size of simeprop, Ayala land via MCT could afford to acquire any property companies including simeprop, spsetia, etc :)
interesting play today, suspecting ayala or cofounders of mct was buying , more than 1mil shares traded plus increased by 1sen to 21.5sen... good start for uptrend
direct biz transactions punya price, high-low price since ipo :p
Summary from 26/10/2010 to 03/10/2019 Highest Price 1.3800 First Occurred on 27/01/2016 Lowest Price 0.2200 First Occurred on 03/10/2019 Highest Volume 230.116m First Occurred on 08/01/2018
whether privatisation or private placement to resolve public shareholdings spread issue, the price will continue to rise when someone is buying up all the available shares or the price should go up to a reasonable price level for private placement to be made to avoid rugi besar for existing major shareholders particularly...
MCT's cap market tumbled to about RM300mil now from RM1bil + in 2018, Ayala advanced about RM200mil to MCT as per the fin statement @30.6.2019/// so sayang MCT :)
MCT - Annual Report Part 1 (2018) Oct 14, 2018 - with a market capitalisation of RM1.2 billion as at 30 June 2018. This ... estimated GDV of approximately RM15.6 billion, our ongoing and future.
MCT's cap market fell to about RM300mil from RM1bil + in 2018, Ayala advanced about RM200mil to MCT as per the fin statement @30.6.2019/// so sayang MCT :)
Moving - MCT Berhad https://www.mct.com.my › cms › files › MCT - Annual Report Part 1 (2018) Oct 14, 2018 - with a market capitalisation of RM1.2 billion as at 30 June 2018. This ... estimated GDV of approximately RM15.6 billion, our ongoing and future.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Good123
26,656 posts
Posted by Good123 > 2019-10-14 09:24 | Report Abuse
greatly undervalued
1 Year Range0.195 - 0.7701 Year Change (%)-70.42