Posted by Good123 > 2019-10-30 15:44 | Report Abuse

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MCT aims for RM650m sales from new projects | New Straits Times | Malaysia ...

KUALA LUMPUR: MCT Bhd, a unit of the Philippines' Ayala Land Inc, plans to roll out new property launches with estimated gross development ... By NST Business -

Posted by Good123 > 2019-10-30 15:48 | Report Abuse

:) can copy :)

Berjaya's property development division will focus on strategically marketing its properties to the right market segments, taking advantage of the numerous measures to stimulate the property market.

The government had introduced some measures to overcome the residential supply overhang in the property market such as initiating discounts and waiver on stamp duties for residential units via the Home Ownership Campaign, lowering of the threshold for foreign buyers of high-rise properties, as well as the introduction of a Rent to-Own (RTO) scheme for first-time buyers.

According to Tan, projects in good strategic locations will still be in demand at the right pricing.

Posted by Good123 > 2019-10-30 16:52 | Report Abuse

buy when fearful ikan bilis wanted to exit :)

Posted by Good123 > 2019-10-30 16:53 | Report Abuse

buy low now, after Q3 results next Month , probably much higher :)

Posted by Good123 > 2019-10-31 08:54 | Report Abuse

https://www.scmp.com/business/article/3035337/malaysia-wants-wealthy-hong-kong-mainland-china-investors-absorb-us89

Posted by actura > 2019-10-31 10:16 | Report Abuse

wait u at 19c

Posted by Victor Yong > 2019-10-31 13:41 | Report Abuse

wont be below 20sen anymore............ looked at the volume traded today. 1mil+ shares traded mainly at 20.5sen

Posted by Victor Yong > 2019-10-31 13:43 | Report Abuse

31/10/2019 0.205 first half.. 1mil shares + traded already ... good



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

Posted by nickthebest > 2019-10-31 17:19 | Report Abuse

Tomorrow can start to queue @ 0.15

Posted by Moneymaker > 2019-11-01 11:56 | Report Abuse

time to fly

Posted by actura > 2019-11-01 20:29 | Report Abuse

Abok pun tarak........

Posted by BILLC > 2019-11-02 03:31 |

Post removed.Why?

Posted by Good123 > 2019-11-04 08:50 | Report Abuse

don't be surprise, MCT will be the next ynh

INVESTORS who have held on to YNH Property Bhd shares over the years would be rejoicing at the unexpected rally in the counter over the last few months.

After sliding to a low of RM1.12 in March this year, the stock more than doubled between April and July to hit a 14-year high of RM2.80 on July 31.

But what has caused the rally in the property stock when many of its peers are currently in the doldrums?

To put things into perspective, YNH is trading at 67 times its 12-month historical price-to-earnings ratio (PER) and 1.46 times its net asset value of RM1.74 per share.

This compares with an average of 14 times PER or 0.5 times price-to-book of property companies listed on Bursa Malaysia.

The company’s high valuation has drawn attention because property stocks are not in favour, no thanks to the prolonged slowdown in the sector, with a recovery nowhere in sight. This is evident from the Kuala Lumpur Property Index (KLPRP), which is hovering at 2010 lows.

A random check on company filings of shareholding changes shows that from April 1 to Aug 31, YNH chairman Datuk Dr Yu Kuan Chon was actively trading the company’s shares almost daily.

Company filings show that Yu, who is the single largest shareholder, made 80 transactions, involving 59 million shares, during that period, eventually acquiring a net 1.97 million shares, or a 0.37% stake. As at Aug 16, he controlled 32.58% of YNH, company filings show.

Apart from YNH, it appears that Yu was also actively trading shares in two other listed companies — precision tools and moulds manufacturer Rapid Synergy Bhd where he is the largest shareholder, and agrochemicals manufacturer Imaspro Corp Bhd.

Between April and August, he sold a 10.75% stake in Rapid Synergy but bought a 19.26% stake for a net gain of 8.51%, raising his effective stake to 31.16% as at Aug 20.

At Imaspro, he bought 7.52% but sold 11.09% for a net reduction of 3.57%, reducing his effective stake in the company to 15.9% at end-August.

That said, Rapid Synergy and Imaspro did not see the strong rally that YNH experienced. Between April and August, Rapid Synergy’s share price rose only 2% to RM5.75 while that of Imaspro climbed 8.82% to RM2.18.

Back to YNH, the developer’s net profit for the six-month period ended June 30, 2019 (6MFY2019) grew 54.4% to RM12.8 million from RM8.29 million on lower cost of sales and operating expenses. However, its revenue dropped 18.4% to RM145.08 million, from RM177.78 million in the same period last year.

This came as YNH recognised profit from completed projects, namely Kiara 163 in Mont’ Kiara, a small office versatile office development, and Sfera Residency condominium in Seri Kembangan.

On its prospects, the group said it has a series of joint-venture projects in Kuala Lumpur and Perak that are currently in the planning stages.

YNH, which originated in Sitiawan, Perak, has ongoing projects mainly in its township development in Seri Manjung, Perak. About 70% of its 1,000-acre land bank worth RM1.08 billion is within the township.

But there are several interesting parcels that YNH has not capitalised on for some reason. This includes a 95-acre plot in Genting Highlands that it bought for around RM16 million nearly a decade ago.

The developer also owns a prime three-acre parcel in Jalan Sultan Ismail opposite the Concorde Hotel, which it acquired for around RM63 million. It had proposed to build Menara YNH on the site, worth RM2.1 billion in gross development value, about 10 years ago. However, the group has yet to secure the right partners for the project, although it signed a 2015 memorandum of understanding (MoU) with the Hilton group to manage a hotel there.

The proposed project had earlier attracted big names including Singapore’s CapitaLand Ltd and Kuwait Finance House Bhd, but they eventually pulled out.

Some observers estimate that the Genting and Jalan Sultan Ismail land parcels have a book value of about RM400 million each, but the sloping terrain in both locations would makie it a challenge to develop.

The rally in YNH shares seems to have started losing steam. The counter closed at RM2.57 last Thursday, a 8.21% decline from the peak of RM2.80 just over a month ago.

Given the big leap in its share price, YNH will have to work hard to justify the valuation.

Posted by Good123 > 2019-11-04 12:12 | Report Abuse

prop stocks play catch up now. hurry up

Posted by Good123 > 2019-11-04 12:13 | Report Abuse

results will be announced this month... rebound strongly is expected

Posted by Good123 > 2019-11-04 15:07 | Report Abuse

goh or Ayala starts to buy like major shareholder of ynh, , fly non stop also

Posted by Good123 > 2019-11-05 09:15 | Report Abuse

property stocks r rebounding from bottom

Posted by Good123 > 2019-11-05 09:17 | Report Abuse

company by company, property stock seem recovering

Posted by Good123 > 2019-11-05 11:01 | Report Abuse

playing catch up although the showtime Belum start

Posted by Good123 > 2019-11-05 11:40 | Report Abuse

so early, 2.5mil shares traded

Posted by Good123 > 2019-11-05 11:41 | Report Abuse

nothing could stop the uptrend

Posted by Good123 > 2019-11-05 11:44 | Report Abuse

lowering interest rate is coming, another boost. KUALA LUMPUR (Nov 5): Malaysia’s central bank is expected to keep interest rates unchanged Tuesday, with a few economists predicting more easing in coming months amid an uncertain global economy.

Of the 25 economists surveyed by Bloomberg, 16 are forecasting the benchmark rate to stay at 3% as the policy committee meets for the last time this year. Nine analysts project a 25 basis-point cut.

Bank Negara Malaysia was among the first central banks in Asia to ease borrowing costs this year, faced at that time with renewed escalation in trade tensions. It has since held pat after cutting rates by 25 basis points in May, while central banks across Asia from India to the Philippines have followed with a string of rate cuts to shore up their economies.

Analysts at Malayan Banking Bhd see Bank Negara on hold for the rest of 2019, given the government’s optimistic growth forecasts, an expansionary budget for 2020 and a deescalation in the trade war. Others, like Ahmad Nazmi Idrus at RHB Research Institute, see a rate cut in the first quarter of 2020 once FTSE Russell completes a review to determine whether Malaysian bonds should remain in its global index.

Here’s what to watch out for in the policy statement:

Faster Growth

Malaysia adjusted its growth forecast to 4.7% in 2019, from an earlier projection of 4.3% to 4.8%, after the economy bucked regional trends with a faster-than-expected expansion in the second quarter. The government’s even more optimistic about 2020, forecasting growth at 4.8%, supported by a boost in state spending, cash handouts and investment incentives.

What Bloomberg’s Economists Say
“We agree that Malaysia’s expansion may experience less damage to growth than regional peers. Even so, we see significant downside risks to these forecasts, given the escalation in US tariffs since May and much weaker prospects for global demand.” — Tamara Henderson, Asean economist

Weak Exports

Exports shrank in September by the most in three years as shipments of electronics and palm oil fell. That raised the odds of a rate cut, according to ING Groep NV’s Prakash Sakpal, who expects a 25 basis-point reduction on Tuesday.

“The electronic export vigor observed earlier in the year has ended,” he said in a note. “And with continued external headwinds, the downside growth risks are rising.”

The impact of higher tariffs has weighed on the global economy despite positive signs from the US-China trade talks. Malaysia’s own growth drivers, manufacturing and exports, will remain weak for at least another six to 12 months, analysts at Kenanga Research wrote in a note.

Low Inflation

Inflation has been muted. Consumer-price gains averaged 0.6% for the first nine months of the year, short of the country’s estimate for 0.9% for 2019 and 2% in 2020.

Falling transport costs helped by subsidized fuel costs have kept price pressures low, while the government seeks better ways to measure the cost of living in the country to bolster purchasing power.

“Moving forward, as we expect core inflation rate and other major macroeconomic indicators to remain stable, we opine no further change in monetary stance by BNM at this juncture,” analysts at MIDF Research wrote in a report.

Posted by Good123 > 2019-11-05 11:55 | Report Abuse

more factors for the property sector. no wonder, price n volume juga up

Posted by Good123 > 2019-11-06 09:09 | Report Abuse

marching on

Posted by actura > 2019-11-06 11:31 | Report Abuse

jiang de bi chang de hai hao tin

Posted by actura > 2019-11-06 15:19 | Report Abuse

later closing 020c again hahhaha

Posted by actura > 2019-11-06 20:55 | Report Abuse

2morrow open @ 0.205 again, don't know until when

Posted by Ncm88 > 2019-11-06 21:41 | Report Abuse

Until they have collected enough.....

Posted by Good123 > 2019-11-07 09:35 | Report Abuse

awaiting strong rebound. Ayala won't let us down

Posted by Good123 > 2019-11-07 09:42 | Report Abuse

property stocks have rebounded from its bottom price. MCT will rebound anytime particularly q3 results are out soon.

Posted by Good123 > 2019-11-07 09:43 | Report Abuse

Ayala land is 10 times bigger than simeprop .. also it is not a GLC. owned by Spanish Filipino...

Posted by Good123 > 2019-11-07 09:44 | Report Abuse

the most secure property stock in Malaysia is MCT majority owned by Ayala land of ayala group Philippines

Posted by actura > 2019-11-07 09:49 | Report Abuse

down to 0.19...........

Posted by Good123 > 2019-11-07 09:51 | Report Abuse

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

Posted by Good123 > 2019-11-07 09:54 | Report Abuse

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

Posted by Good123 > 2019-11-07 11:29 | Report Abuse

volume traded was active recently, always above 1 million shares traded...

Posted by Good123 > 2019-11-07 11:35 | Report Abuse

1.3mil shares traded so early

Posted by Good123 > 2019-11-07 14:28 | Report Abuse

super strong absorption rate at 20sen

Posted by Good123 > 2019-11-07 14:33 | Report Abuse

20sen, almost finish

Posted by Good123 > 2019-11-07 14:45 | Report Abuse

sudden tsunami upward soon

Posted by Good123 > 2019-11-07 14:46 | Report Abuse

less than 1/3 of net assets per assets of an Ayala controlled company. insane price

Posted by Good123 > 2019-11-07 15:06 | Report Abuse

stock at 20 Sen should be sold out by 4pm

Posted by Good123 > 2019-11-07 15:07 | Report Abuse

get your ticket now :)

Posted by Good123 > 2019-11-07 15:09 | Report Abuse

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

Posted by actura > 2019-11-07 15:10 | Report Abuse

Ayala holding 72over % shares

Posted by Good123 > 2019-11-07 15:11 | Report Abuse

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

Posted by Good123 > 2019-11-07 16:52 | Report Abuse

steadily absorb all shares at 20sen.. dirt cheap

Posted by actura > 2019-11-07 17:36 | Report Abuse

wait for 0.19c to buy

Posted by dex > 2019-11-07 21:59 | Report Abuse

BUY CALL, BUY CALL

Posted by Good123 > 2019-11-08 09:12 | Report Abuse

b4 results and biz plan are announced , grab fast :)