Posted by Superb99 > 2020-02-26 16:16 | Report Abuse

keep dropping, now 0.22 only

Posted by Daybreak11 > 2020-02-26 16:30 | Report Abuse

and i tot ayala has 75% of the share, but do ntg? hmm

Posted by Superb99 > 2020-02-26 16:35 | Report Abuse

no more hope on this counter...ngeri counter

Posted by Daybreak11 > 2020-02-26 16:40 | Report Abuse

how to increase investor confident to buy when the price keep dropping? Public spread issue wth

Posted by eddy888 > 2020-02-26 16:55 | Report Abuse

wait to buy at 0.2

Posted by Daybreak11 > 2020-02-27 15:21 | Report Abuse

https://www.propertyguru.com.my/property-news/2020/2/186310/mct-berhad-introduces-cashless-payment-facility-for-potential-homebuyers-to-secure-units

MCT Berhad Introduces Cashless Payment Facility For Potential Homebuyers To Secure Units

maybe next qr will be good, now cheap very good price

Posted by Victor Yong > 2020-02-28 10:40 | Report Abuse

mct is a member of ayala group in the philippines... bigger than sime darby here... spanish filipino conglomerate... safe bet also

Posted by Daybreak11 > 2020-02-28 11:57 | Report Abuse

ya i know ayala group is biggest developer in philip, and their database is very big and can help mct selling houses to foreigners maybe to philippines there, this can hold long term

Posted by Victor Yong > 2020-02-28 16:21 | Report Abuse

if new cabinet is formed during weekends, next monday, jump crazily

Posted by Victor Yong > 2020-02-28 16:23 | Report Abuse

very low risk at such price level :)


James Ng
-----------------
[MCT BHD: the outlook for the Group is positive given that the Group is planning several key launches at the Cybersouth project by the first quarter of 2020; the focus will remain at residential properties that are priced between RM250,000 and RM750,000, with some commercial units to complement the completed projects]

This quarter:
The Group’s gross profit margin improved from 33% to 40% arising from savings in construction cost for Skypark @ Cyberjaya which was completed in 2018. The Group also completed the RM47 million disposal of land for development in Cyberjaya which recorded a gain on disposal of RM5 million for the current quarter under review. Due to the loan from the Company’s ultimate holding company of RM200 million, the Group recorded unrealised foreign exchange loss of RM2 million for Q3 2019. Consequently, the Group recorded profit after tax of RM18 million for the current quarter under review.

YTD19 vs YTD18:
Savings realised from SkyPark @ Cyberjaya coupled with the improvement of construction progress has contributed to the revenue and profit recognition for the period. Gross profit margin remained healthy at 34% whilst total expenses stood at 28% of revenue. The effective tax rate of 28% is higher than the statutory tax rate of 24% is mainly due to recognition of under-provision of taxes from prior years.

Prospects:
Under the recent Budget, it was announced that foreigners can now purchase overhang properties priced from RM600,000 onwards, which was reduced from the RM1 million threshold previously. Whilst such measures served to stimulate the property market, it would not affect the Group materially as the Group’s inventory of completed properties priced above RM600,000 is minimal.

Nonetheless, with the Group’s experience in residential development, the outlook for the Group is positive given that the Group is planning several key launches at the Cybersouth project by the first quarter of 2020. The focus will remain at residential properties that are priced between RM250,000 and RM750,000, with some commercial units to complement the completed projects. The Group’s landbanking efforts in 2018 will also bear fruit in 2020 as the Group is targeting to launch the first phase of the newly acquired land in Subang Jaya by the first half of 2020.
--------------------------------------------------------------------------
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James Ng

Posted by Victor Yong > 2020-02-28 16:24 | Report Abuse

if new cabinet is formed during weekends, go back to 25sen to 30sen next week probably

Posted by valensi88 > 2020-02-28 16:29 | Report Abuse

I think today will be the qr result rite

Posted by Victor Yong > 2020-02-28 16:34 | Report Abuse

govt agency owns so much? :)

5182 MCT MCT BERHAD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

Particulars of Shareholder 36

Name : URUSHARTA JAMAAH SDN. BHD.
NRIC/Passport No./Company No. : 201801045610 (1307
Nationality/Country of Incorporation : Malaysia

Address:
LEVEL 7, BANGUNAN SETIA 1, 15, LORONG DUNGUN, BUKIT DAMANSARA, 50490 KUALALUMPUR Wilayah Persekutuan Malaysia

Descriptions (Class and Nominal Value):
ORDINARY SHARES


Name and Address of Registered Holder:
You are advised to read the entire contents of the announcement orattachment.To read the entire contents of the announcement or attachment,pleaseaccess the Bursa website at http://www.bursamalaysia.com


Details of Changes

Date of Notice : 14/02/2020

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 12/02/2020 Transferred

Posted by Victor Yong > 2020-02-28 16:34 | Report Abuse

Details of Changes

Date of Notice : 14/02/2020

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 12/02/2020 Transferred 133,480,000 -


Circumstances by reason of which change has occurred:
TRANSFER OF ORDINARY SHARES BY THE REGISTERED HOLDER TO CITIGROUP NOMINEES(TEMPATAN) SDN BHD WHO IS THE CUSTODIAN AND FUND ADMINISTRATOR FOR URUSHARTAJAMAAH SDN BHD'S ("UJ") EQUITY PORTFOLIO HOLDINGS.UJ IS THE BENEFICIAL OWNER OFTHE SAID ORDINARY SHARES.

Nature of Interest:
Direct Interest

Consideration:



No of Shares Held After Changes:
Direct : 133,480,000 shares (9.1600%)
Indirect/Deemed Interest : 0 shares (0.0000%)
Total : 133,480,000 shares

Remarks:
You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com


Submitted By:

Posted by valensi88 > 2020-02-28 18:11 | Report Abuse

When mau qr

Posted by Daybreak11 > 2020-02-28 19:04 | Report Abuse

Qr out edi, profit is 15m. Is consider good.
Victor why new cabinet formed will help on mct?

Posted by Victor Yong > 2020-02-28 23:49 | Report Abuse

not only mct, all counters will rise :)

@
Daybreak11 Qr out edi, profit is 15m. Is consider good.
Victor why new cabinet formed will help on mct?
28/02/2020 7:04 PM

Posted by Victor Yong > 2020-02-28 23:54 | Report Abuse

Prospects for the next financial year
The property sector saw a marginal uptick in transaction in the 2nd half of 2019 pursuant to the Home
Ownership Campaign initiated by the Government to increase first-time home ownership. The
outlook for the Group remains positive given that the Group is expecting to launch a new phase at
Cybersouth by the first quarter of 2020. This will be followed by a few more new launches for the
rest of 2020 across several projects. The Group’s landbanking efforts in 2018 will also bear fruit in
2020 as the Group is targeting to launch the first phase of the newly acquired land in Subang Jaya
by the first half of 2020. The Group’s focus will remain at residential properties that are priced
between RM250,000 and RM750,000, with some commercial units to complement the completed
projects.

Posted by Victor Yong > 2020-02-28 23:55 | Report Abuse

Satisfactory :)

Performance Review
For the current quarter under review
The Group recorded revenue of RM118 million for the current quarter under review, a 16% drop from
the RM141 million recorded for the preceding quarter ended 30 September 2019. The decrease was
mainly due to the slowdown in sales velocity for projects with high completion rates such as Lakefront
Residence Phase 2 and Casa Wood @ Cybersouth.
During the current quarter under review, the Group’s gross profit margin improved from 40% to 55%
arising from savings in construction cost for Cybersouth’s Casa Bluebell and Casa Wood as these
projects are nearing completion and in line with the clarification made by the IFRIC on project related
interest expense.
Total expenses for the quarter under review increased by RM16 million to RM53 million from RM37
million recorded for the preceding quarter ended 30 September 2019. The increase was mainly due
to the recognition of inventories written down of RM9 million and impairment loss on investment
properties and right of use assets of RM11 million and RM3 million respectively.
Further, as part of the Group’s cash management efforts, the Group undertook a RM515 million loan
from the ultimate holding company to repay all outstanding borrowings. This led to a realised loss on
foreign exchange amounting to RM3 million for the current quarter under review. Consequently, the
Group recorded profit after tax of RM18 million for the current quarter under review. The Group also
manages the risks of the loan by entering into a hedge.
For the 12-months period ended 31 December 2019
The Group recorded revenue of RM461 million for the 12 months period ended 31 December 2019.
The Group revenue was mainly driven by sales for projects with high completion rates as well as
construction progress as the Group expects to complete and hand-over more than 3,000 units of
properties across four projects. The property development segment contributed to 96% of the total
revenue of the Group.
In July 2019, the Group launched Park Place I @ Cybersouth which recorded take up rate of 44%
as at 31 December 2019.
Gross profit margin remained healthy at 39% whilst total expenses stood at 33% of revenue.
The Group also completed the RM47 million disposal of land for development in Cyberjaya which
recorded a gain on disposal of RM5 million.
The effective tax rate of 14% is lower than the statutory tax rate of 24% following the utilisation of
losses from certain subsidiaries.

Posted by Thuzers > 2020-02-29 00:18 | Report Abuse

thx victor, this is low price to buy in then!

Posted by Thuzers > 2020-02-29 00:28 | Report Abuse

how to calculate the PE, wats the PE for mct now?

Posted by valensi88 > 2020-02-29 02:26 | Report Abuse

Around 7.4 for the PE

Posted by QQflying > 2020-03-01 13:42 | Report Abuse

for long term invest..mct is really a potential stock..now at bottom

Posted by Thuzers > 2020-03-01 19:03 | Report Abuse

yea for long term, this is really lowest price edi

Posted by Thuzers > 2020-03-01 19:04 | Report Abuse

how much it actually worth for this 7.4 PE?

Posted by Victor Yong > 2020-03-02 12:16 | Report Abuse

Expecting Ayala offers to privatise it between 30 and 40sen before political stability return s

Posted by Victor Yong > 2020-03-02 12:17 | Report Abuse

Buy now or never

Posted by Victor Yong > 2020-03-02 14:29 | Report Abuse

better for ayala to take it private to resolve the shareholdings spread issue :)

5182 MCT MCT BERHAD
PUBLIC SHAREHOLDINGS SPREAD

PUBLIC SHAREHOLDINGS SPREADMCT BERHAD ("MCT" OR THE "COMPANY")EXTENSION OF TIME TO COMPLY WITH PUBLICSHAREHOLDING SPREAD REQUIREMENTS PURSUANT TO PARAGRAPH 8.02(1) OF THE MAINMARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("EXTENSION OFTIME")You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com


25/02/2020 07:00 AM


Ref Code: 202002253000368

Posted by Victor Yong > 2020-03-02 14:47 | Report Abuse

easily back to 25 to 30sen


4 Weeks Range: 0.21 - 0.295

Posted by Victor Yong > 2020-03-02 14:49 | Report Abuse

ayala is so cash rich, look at this in the latest quarterly report... anytime can private mct


Significant related party transactions
During the financial year, the significant related party transactions entered by the Group, which were
determined based on negotiations agreed between the parties, are as follows:
YEAR TO DATE
31-Dec-19
RM'000
Interest paid/payable to ultimate holding company 9,746
Advances from ultimate holding company 719,079
Repayment made to ultimate holding company (199,509)

Posted by Victor Yong > 2020-03-02 14:52 | Report Abuse

ayala able to advance to MCT RM719mil+ in 2019 as per the quarterly report. to privatise mct, no issue at all based on the small cap of mct due to extreme undervaluation of mct now :)

Market Capital (RM)
: 313.25m
Number of Share
: 1.457b

Posted by Victor Yong > 2020-03-02 14:55 | Report Abuse

also good for the govt, mct transferred from tabung haji last time? :)


5182 MCT MCT BERHAD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

Particulars of Shareholder 36

Name : URUSHARTA JAMAAH SDN. BHD.
NRIC/Passport No./Company No. : 201801045610 (1307
Nationality/Country of Incorporation : Malaysia

Address:
LEVEL 7, BANGUNAN SETIA 1, 15, LORONG DUNGUN, BUKIT DAMANSARA, 50490 KUALALUMPUR Wilayah Persekutuan Malaysia

Descriptions (Class and Nominal Value):
ORDINARY SHARES


Name and Address of Registered Holder:
You are advised to read the entire contents of the announcement orattachment.To read the entire contents of the announcement or attachment,pleaseaccess the Bursa website at http://www.bursamalaysia.com


Details of Changes

Date of Notice : 14/02/2020

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 12/02/2020 Transferred 133,480,000 -


Circumstances by reason of which change has occurred:
TRANSFER OF ORDINARY SHARES BY THE REGISTERED HOLDER TO CITIGROUP NOMINEES(TEMPATAN) SDN BHD WHO IS THE CUSTODIAN AND FUND ADMINISTRATOR FOR URUSHARTAJAMAAH SDN BHD'S ("UJ") EQUITY PORTFOLIO HOLDINGS.UJ IS THE BENEFICIAL OWNER OFTHE SAID ORDINARY SHARES.

Nature of Interest:
Direct Interest

Consideration:



No of Shares Held After Changes:
Direct : 133,480,000 shares (9.1600%)
Indirect/Deemed Interest : 0 shares (0.0000%)
Total : 133,480,000 shares

Remarks:
You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com


Submitted By:



17/02/2020 07:00 AM


Ref Code: 202002173600094

Posted by Victor Yong > 2020-03-02 14:58 | Report Abuse

easy for ayala to privatise mct, hold more than 70% already :)



Philippines' Ayala Land now controls 72.3% of MCT | The Star ...www.thestar.com.my › business › business-news › 2018/02/20 › phili...
Feb 20, 2018 - KUALA LUMPUR: Philippines' Ayala Land has raised its stake in property company MCT Bhd to 72.3% or 669.92 million shares at the end of the takeover offer which ended on Monday. According to CIMB Investment Bank on Tuesday, Ayala Land had received acceptances for 295.27 million ...

Ayala Land catalyst for MCT | The Star Onlinewww.thestar.com.my › business › business-news › 2018/01/13 › ayala...
Jan 13, 2018 - But one question is why is Ayala Land interested in MCT, a property company that makes up 2% of the former's market capitalisation?

Philippines' Ayala Land now controls 72.3% of MCT | The Star ...www.thestar.com.my › business › business-news › 2018/02/21 › phili...
Feb 21, 2018 - PETALING JAYA: The Philippines' Ayala Land has raised its stake in property company MCT Bhd to 72.3% or 669.92 million shares at the end ...

Posted by Victor Yong > 2020-03-02 15:02 | Report Abuse

dont forget? :)

Ayala Land catalyst for MCT
BUSINESS
Saturday, 13 Jan 2018

12:00 AM MYT
By INTAN FARHANA ZAINUL

Takeover by Philippine property giant seen putting local developer in sweet spot

ALTHOUGH the property market appears to be unattractive, MCT Bhd may be in a sweet spot.

The property development company is now in the midst of a takeover by Ayala Land Ltd, a real estate juggernaut in the Philippines.

To put things in perspective, Ayala Land is the biggest property developer in the Philippines. Its market capitalisation on the Philippine Stock Exchange is about RM53.69bil.


This is five times bigger than major property companies on Bursa Malaysia such as IOI PROPERTIES GROUP BHD and SP Setia Bhd, which have market capitalisations of RM10.6bil and RM10.1bil, respectively.

But one question is why is Ayala Land interested in MCT, a property company that makes up 2% of the former’s market capitalisation?

According to MCT’s chief executive officer Jose Juan Z. Jugo, the objective of the acquisition is for Ayala Land to tap the Malaysian property market. Note that Jugo, Philippine national, was made MCT’s head honcho last year, a clear indication of Ayala Land’s increased involvement in MCT’s management.

“Now that MCT is a subsidiary of Ayala Land, MCT’s focus should be on how it can help its parent company achieve its corporate targets.

“While we will always remain a Malaysian organisation, we are now part of a much larger conglomerate and we have a very clear role to play in our parent company’s plans,” he tells StarBizWeek.

“Ayala Land’s objective for MCT is to harness opportunities in the Malaysian market,” he adds.

Following Ayala Land’s stake increases in MCT, market talk had focused on the possibility that the group would explore building a Makati City in Malaysia. Ayala Land is well known for that massive project in the Philippines, which is the financial centre of the country. Ayala Land is known for creating a 25-year urban development programme for Makati city since the 1940s.

MCT’s vast land bank in Dengkil is where this new city could be built, at least according to market talk.

But Jugo dismisses such an idea,

“There is no basis for this speculation. Our townships have their own master plans in place,” he says.

MCT has a total landbank of over 540.2 acres, of which almost 500 acres is in Dengkil and Cyberjaya. Only 20.4 acres of its landbank have been fully developed.

Ayala Land describes itself as being in strategic landbanking management, residential development, office space, hotel and shopping mall developments.

The firm has about 22,110 acres in Philippines, generating an annual revenue of RM11.3bil and a profit of RM3.96bil for the first nine months of 2017.

It launched almost RM5bil worth of projects during that period.

Ayala Land is part of the oldest conglomerate in the Philippines’ Ayala Corp with a rich history that can be traced back to the 1800s.

MCT specialises in mixed development projects that include retail, office, hotel, and mid-to-affordable residential units. It has several ongoing projects in OneCitySubang Jaya and Cyberjaya.

According to MCT, it has ongoing and soon to be launched projects with a combined gross development value (GDV) of approximately RM8bil and future projects with a conservatively estimated gross development value of about RM5bil.

Subhead: Ayala’s staggered buying into MCT

Ayala Land has been buying shares in MCT in several phases since 2015.

But it was last week that saw Ayala Land emerge as a major shareholder of MCT.

Last week Ayala Land, through its unit Regent Wise Investments Ltd, signed a share purchase agreement with Tan Sri Goh Ming Choon, a major shareholder of MCT, to buy 230.12 million shares, or 17.24%, for RM202.5mil cash, or 88 sen per share.

This brought Ayala Land’s holdings to 50.19% and firmly indicated its control of the local property developer.

The purchase has obliged Ayala Land to extend a mandatory general offer (MGO) to acquire all the remaining shares it does not already own in MCT for 88 sen a share.

However, according to an analyst, Ayala Land may want to maintain MCT’s listing status.

Ayala Land first emerged in MCT in April 2015, soon after MCT’s listing on Bursa Malaysia. It took up 9.16% stake, which was part of a placement of shares at a price of RM1.28 a piece. Six months later it bumped up its shareholdings in MCT to 32.95%.

Ayala Land says the increase in ownership of MCT will 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.

“This increase in ownership will strengthen Ayala Land’s commitment to enhance MCT’s operations and expand its business further,” Ayala Land said in a filing to the Philippine Stock Exchange last week.

https://www.thestar.com.my/business/business-news/2018/01/13/ayala-land-catalyst-for-mct

Posted by Victor Yong > 2020-03-02 15:12 | Report Abuse

beneficial to ayala to privatise mct to avoid wasting time on such issue, ayala has bank, etc in the philippines, no money problems at all


Public spread still below requirements as at Nov 2019. Unchanged from the public spread announced in Nov 2019, MCT’s public shareholding spread still stands at 24.59%. With plans having been in place for months for a resolution – ie discussions with major shareholders on the selling down of shareholdings, engagements with investment banks on private placement exercises for public entities, etc – the group received an approval letter for a further extension of six months until Aug 2020 to comply with the public spread requirement.

Posted by Victor Yong > 2020-03-02 15:14 | Report Abuse

Rebound strongly anytime :)

Date Close Volume
28/02/2020 0.215 2,314,100
27/02/2020 0.225 2,240,500
26/02/2020 0.225 5,706,700
25/02/2020 0.245 2,539,900
24/02/2020 0.24 5,081,100
21/02/2020 0.26 3,009,300
20/02/2020 0.265 7,207,600
19/02/2020 0.27 4,180,100
18/02/2020 0.28 3,366,500
17/02/2020 0.285 4,958,900

Posted by Victor Yong > 2020-03-02 15:18 | Report Abuse

Prospects for the next financial year The property sector saw a marginal uptick in transaction in the 2nd half of 2019 pursuant to the Home Ownership Campaign initiated by the Government to increase first-time home ownership. The outlook for the Group remains positive given that the Group is expecting to launch a new phase at Cybersouth by the first quarter of 2020. This will be followed by a few more new launches for the rest of 2020 across several projects. The Group’s landbanking efforts in 2018 will also bear fruit in 2020 as the Group is targeting to launch the first phase of the newly acquired land in Subang Jaya by the first half of 2020. The Group’s focus will remain at residential properties that are priced between RM250,000 and RM750,000, with some commercial units to complement the completed projects.

Posted by Victor Yong > 2020-03-02 15:55 | Report Abuse

for remembrance :)


Tabung Haji emerges as substantial shareholder in MCT
Supriya Surendran
/
theedgemarkets.com

April 13, 2015 18:40 pm +08
-A+A
KUALA LUMPUR (Apr 13): Lembaga Tabung Haji has emerged as a substantial shareholder in newly listed MCT Bhd, after taking up 134.19 million shares, which represents a 10.05% stake, in the company.

In a filing with Bursa Malaysia today, it was revealed that the pilgrim fund’s board purchased the shares in the integrated property developer on April 1, 2015.

MCT, fresh out of a successful reverse takeover (RTO) of plastic packaging manufacturer GW Plastics Holdings Bhd, is controlled by its deputy executive chairman Tan Sri Goh Ming Choon who has a 42.68% stake in the company. Chief executive officer Datuk Sri Tong Seech Wi is its second largest shareholder with a 22.98% stake.

MCT (fundamental: 1.65; valuation: 0.3) shares closed down 1 sen or 0.78% today at RM1.28, which gives it a market capitalisation of RM1.72 billion.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

Posted by Victor Yong > 2020-03-02 15:57 | Report Abuse

From RM1.28 initially :)

MCT attracts prominent anchor investors
BUSINESS
Saturday, 04 Apr 2015

12:00 AM MYT
By WONG WEI-SHEN

PROPERTY player MCT Bhd has set tongues wagging after coming away from a successful book-building exercise.

The company, which will be taking over the listing status of Practice Note 17 (PN17) firm GW Plastics Holdings Bhd in a reverse takeover corporate exercise, has notably attracted several high-profile anchor investors, including one of Asia Pacific’s largest property developers.

Speculation is rife that two of these anchor investors are the pilgrim fund Lembaga Tabung Haji and more interestingly, Philippines-listed Ayala Land, sources say.

Ayala Land is one of the largest real estate developers in the Philippines, best known for its fully integrated developments, which include estates, residences, malls, offices as well as hotel and resorts.


Ayala Land has a market capitalisation of about 587 billion peso (RM48bil), five times higher than the largest listed Malaysian property player in terms of market capitalisation.

MCT chief executive officer Datuk Seri Tong Seech Wi declines to name the “regional property developer” that is taking a tranche of MCT placement shares, but says the investor is an established player in the market.

“The strategic investors are Tabung Haji and then the other one we have is a very big regional property development company that took up the shares,” he tells StarBizWeek.

The shareholdings of the two investors will be 20% of MCT’s total issued and paid-up share capital.

“It is very big and established and it has extensive experience in the development of townships and in operating retail malls and hotels, in which we are also going in that direction, so we can definitely tap their experience,” Tong says, referring to the latter investor.

MCT is gearing towards a 30:70 ratio in terms of recurring income and development income. “Beyond 2020, we plan to have recurring income contributing to 30% of earnings,” says Tong.

He adds that Tabung Haji has taken up close to 10%, while the remainder was taken by the other strategic investor.

“Almost three-quarters of our placement shares are taken up by government-linked funds, insurance funds and other strategic investors. This adds up to almost 335 million shares,” he says.

When asked if Goh and Tong would pare down their respective stakes in the newly-listed MCT to allow the strategic investors to increase their stakes or for new investors, Tong says it would depend on whether the interested party can value add.

“Although we have no intention to, but if there is an interested party that can bring value to the company, we would be open for discussion,” he says.

On Thursday, the company fixed the offer price of its placement shares at RM1.28 each, bringing the gross proceeds raised by the company and the vendors to RM384mil and RM195mil respectively.

Posted by Victor Yong > 2020-03-02 16:06 | Report Abuse

easy to privatise :)

ANALYSIS OF SHAREHOLDINGS As at 15 April 2019



LIST OF THIRTY (30) LARGEST SECURITIES ACCOUNT HOLDERS AS PER THE RECORD OF DEPOSITORS

NO. NAME OF SHAREHOLDER NO. OF SHARES HELD % OF ISSUED SHARE CAPITAL


1 Regent Wise Investments Limited 439,809,059 30.19 2 Regent Wise Investments Limited 295,277,782 20.27 3 CIMSEC Nominees (Asing) Sdn Bhd - Pledged Securities Account for Regent Wise Investments Limited 230,115,574 15.79
4 Urusharta Jamaah Sdn Bhd 133,480,000 9.16 5 Goh Meng Keong 70,537,755 4.84 6 CIMSEC Nominees (Tempatan) Sdn Bhd - CIMB Bank for Tan Sri Dato’ Sri Goh Ming Choon (PBCL-0G0264) 66,700,000 4.58
7 Citigroup Nominees (Tempatan) Sdn Bhd - Exempt An for AIA Bhd.
48,967,100 3.36
8 Maybank Nominees (Tempatan) Sdn Bhd - Pledged securities account for Dato’ Sri Tong Seech Wi
42,776,425 2.94
9 Kumpulan Wang Persaraan (Diperbadankan) 36,645,700 2.52 10 CIMSEC Nominees (Tempatan) Sdn Bhd - CIMB for Ng Lee Ling (PB) 25,032,900 1.72
11 CIMSEC Nominees (Tempatan) Sdn Bhd - CIMB for Tan Sri Dato’ Sri Goh Ming Choon (PB)
18,639,790 1.28
12 Linbaq Holding Sdn Bhd 11,666,667 0.80 13 CIMSEC Nominees (Tempatan) Sdn Bhd - CIMB Bank for Rickoh Corporation Sdn Bhd (MY0507) 7,134,000 0.49
14 Alliancegroup Nominees (Tempatan) Sdn Bhd - Pledged securities account for Koh Kin Lip (7003423)
7,125,000 0.49
15 CIMSEC Nominees (Tempatan) Sdn Bhd - CIMB Bank for Lai Ming Chun @ Lai Poh Lin (PB)
3,701,000 0.25
16 Tan Siew Ching 3,069,400 0.21 17 WHC Capital Sdn. Bhd. 1,562,000 0.11 18 HSBC Nominees (Asing) Sdn Bhd - JP Morgan Securities Plc 1,208,900 0.08
110
111Annual Report for the Financial Period Ended 2018
ANALYSIS OF SHAREHOLDINGS (Contd.)
LIST OF THIRTY (30) LARGEST SECURITIES ACCOUNT HOLDERS AS PER THE RECORD OF DEPOSITORS (Contd.)
NO. NAME OF SHAREHOLDER NO. OF SHARES HELD % OF ISSUED SHARE CAPITAL
19 Citigroup Nominees (Tempatan) Sdn Bhd - Exempt An for AIA Public Takaful Bhd.
1,174,700 0.08
20 Leong Yee Keong 1,000,000 0.07 21 Tan Pei Geok 1,000,000 0.07 22 Toh Chee Ming 390,000 0.03 23 Datuk Lim Kok Boon 372,625 0.03 24 Yeoh Soo Ann 349,550 0.02 25 Lim Chong Hoe 300,000 0.02 26 Elvin A/L Berty Luke Fernandez 250,000 0.02 27 TA Nominees (Tempatan) Sdn Bhd - Pledged securities account for Foo Yin Kang 250,000 0.02
28 Dato’ Jessie Yow Yoon Khoon 243,000 0.02 29 Beh Eng Par 232,000 0.02 30 Lim Thuang Boo 230,200 0.02
1,449,241,127 99.50

Posted by Victor Yong > 2020-03-02 16:08 | Report Abuse

impossible for ayala to sell mct shares to meet shareholding spread issue, the only feasible or more acceptable way is to privatise it cheaply now :)

Posted by Victor Yong > 2020-03-02 16:14 | Report Abuse

anytime, ayala land can take mct private :)


Ayala Land is one of the largest real estate developers in the Philippines, best known for its fully integrated developments, which include estates, residences, malls, offices as well as hotel and resorts.


Ayala Land has a market capitalisation of about 587 billion peso (RM48bil), five times higher than the largest listed Malaysian property player in terms of market capitalisation.

Posted by SA2023 > 2020-03-02 16:18 | Report Abuse

Buy!

Posted by Victor Yong > 2020-03-02 16:18 | Report Abuse

as at 1 april 2019, 30 largest shareholders hold more than 99% of the issued shares... easier for ayala to offer a price for privatisation too

Posted by Victor Yong > 2020-03-02 16:34 | Report Abuse

if offer for privatisation now, just offer 50sen i think, ok already, no need to pay 88sen or RM1.28 :)

PHILIPPINES' AYALA LAND NOW CONTROLS 72.3% OF MCT
February 20, 2018
KUALA LUMPUR: Philippines' Ayala Land has raised its stake in property company MCT Bhd to 72.3% or 669.92 million shares at the end of the takeover offer which ended on Monday.

According to CIMB Investment Bank on Tuesday, Ayala Land had received acceptances for 295.27 million shares or 22.12% stake.

Ayala Land, had through Regent Wise Investment Ltd, launched an unconditional mandatory takeover offer when it emerged with 50.19% following a corporate exercise.

It had made an offer of 88 sen a share to the minority shareholders. However, Kenanga Investment Bank Bhd has advised the minority shareholders to reject the takeover offer as the offer price was a discount of 50 sen or 36.23% over the estimated fair value per MCT Share of RM1.38 and described the offer as not fair.

To recap, Ayala Land first emerged in MCT in April 2015, soon after MCT’s listing on Bursa Malaysia. It took up 9.16% stake, which was part of a placement of shares at a price of RM1.28 a piece.

Six months later it bumped up its shareholdings in MCT to 32.95%.

Posted by Victor Yong > 2020-03-02 16:45 | Report Abuse

Market Cap: 313 Million
NOSH: 1,457 Million
Philippines' Ayala Land has raised its stake in property company MCT Bhd to 72.3%

[100% - 72.3%] x 1,457mil shares x 50sen ~ RM201mil only if ayala offers to privatise mct at 50sen for those shares that do not belong to ayala yet :)

Small money for ayala... hope to see it happen soon particularly now, minority shareholders are more willing to accept :)

Posted by Victor Yong > 2020-03-02 17:58 | Report Abuse

Delist and relist for higher valuation, etc. Also, resolve shareholdings issue once and for all

Posted by Victor Yong > 2020-03-02 18:03 | Report Abuse

Good

MCT Berhad Introduces Cashless Payment Facility For Potential Homebuyers To Secure Units
Pavither • February 26, 2020

MCT Introduces cashless payment facility for consumers
For the first time, Malaysians can pay for the purchase of their home via eWallet. MCT Berhad (MCT), a subsidiary of Philippines largest property developer Ayala Land Inc, recently announced it was introducing this cashless payment facility via Touch ‘n Go eWallet for the added convenience of potential homebuyers securing their units by MCT.

MCT Chief Executive Officer, Teh Heng Chong announced the introduction of eWallet payments at the unveiling of the refurbished sales gallery of the Lakefront development in Cyberjaya, held in conjunction with a site visit by MCT’s key management members to the LakeFront Residences and LakeFront Homes, two of the company’s ongoing projects in the area.

Check out our list of reviews from the same developer!

According to MCT Director of Sales and Marketing, Chee Kok Keong, the introduction of eWallet payments is in tandem with the developer’s objective to become Malaysia’s leading property developer of choice in Malaysia.

“We are improving our overall processes and systems as we aim to enhance customer experience when purchasing a property. It has become an important element in MCT to ensure that the constant improvement of quality in our services is aligned with our main shareholder Ayala Land Inc’s brand promise — ‘Enhancing Land, Enriching Lives for More People,” Chee explained.

Posted by Victor Yong > 2020-03-02 21:10 | Report Abuse

Ayala bought MCT shares between 88sen and rm1.28, it does not make sense to exercise private placement at current price level. So, the best option is to privatise it and relist later

Posted by Victor Yong > 2020-03-02 21:11 | Report Abuse

Grab the opportunity to accumulate as much as possible before the share price rebound speedily as it has risen to above 40sen recently. The next upward wave should be greater than the recent tide :)