Posted by LuckyStorm > 2020-03-13 10:37 | Report Abuse

more than 2million share purchased. Drop more buy more.
Victor did you average down also?

Posted by Victor Yong > 2020-03-13 10:41 | Report Abuse

Yup, investor for mct not trader :)

Posted by Victor Yong > 2020-03-13 10:42 | Report Abuse

Just transfer of shares from traders to investors currently , substantial shareholders just Pegang syer tight tight :)

Posted by Victor Yong > 2020-03-13 10:51 | Report Abuse

I trust the oldest and biggest conglomerate in the Philippines run by Spanish Filipino than local companies :)

Posted by Victor Yong > 2020-03-13 10:54 | Report Abuse

Ayala is the most prestigious developer or brand for all types of properties including malls in the Philippines. Mat salleh design, etc :)

Posted by Victor Yong > 2020-03-13 11:10 | Report Abuse

Feel safe to invest with Ayala, more than 100 years old, won many awards, etc. Happy to be a shareholder of Ayala MCT :)

Not short term trader :)

Posted by eddy888 > 2020-03-13 14:33 | Report Abuse

https://www.bloomberg.com/quote/AC:PM

Posted by Victor Yong > 2020-03-13 14:47 | Report Abuse

Substantial shareholders pegang syer ketat2. Few hundred thousand Ringgits in value traded only . Traders sold, investors sapu :)

Posted by eddy888 > 2020-03-13 15:05 | Report Abuse

buy & keep

Posted by Victor Yong > 2020-03-13 15:36 | Report Abuse

Few months later u will regret that u didn't buy more now from
The frightened traders :)

Posted by Victor Yong > 2020-03-13 15:46 | Report Abuse

CASH AND CASH EQUIVALENTS AT END OF YEAR/PERIOD RM427,764,000 as at 31/12/2019

Retained earnings/profits = RM435,322,000 as at 31/12/2019

1,457mil shares issued

Cash per share ~29.36sen

Retained profits per share (can be distributed as share or cash dividend anytime) ~ 29.88sen

Current price so low..

For value investing, this is the stock to grab as many as possible from short term or fearful traders now.


:)

Happy Investing!

Posted by SA2023 > 2020-03-13 16:14 | Report Abuse

Everyday buy until no money to buy already...

Posted by Victor Yong > 2020-03-13 16:17 | Report Abuse

value investors will reap the rewards :)

Posted by LuckyStorm > 2020-03-13 17:30 | Report Abuse

i start bought from highest 21sen until lowest 12.5sen
Keep on average down. If drop more, just buy more. Value for money.
Although unrealised lose 21% but i am confident to hold more

Posted by valensi88 > 2020-03-13 17:43 | Report Abuse

Anothet throw by TH

Posted by Victor Yong > 2020-03-16 09:32 | Report Abuse

A blessing in disguise. Shareholdering issue should have been resolved now. TH wanted to exit, Ayala just need to kaotim AIA and kwap for privatisation now , much easier :) also, Ayala can carry out share buyback as more shares in the open market. :)


@valensi88 Anothet throw by TH
13/03/2020 5:43 PM

Posted by Victor Yong > 2020-03-16 09:53 | Report Abuse

Ayala or ayala's friendly biz partner could approach TB for the remaining stake. Good opportunity for Ayala indeed :)

Nature of interest Direct Interest
Direct (units) 130,959,100
Direct (%) 8.988
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 130,959,100
Date of notice 11 Mar 2020
Date notice received by Listed Issuer 13 Mar 2020

Posted by eddy888 > 2020-03-16 10:29 | Report Abuse

Public share spread after TH sold 0.16% = 24.59%+0.16% = 24.74%

Posted by SA2023 > 2020-03-16 11:16 | Report Abuse

How many % MCT must have public share?. 30%?

Posted by DreamKentut > 2020-03-16 11:18 | Report Abuse

A lot of sectors/industries are suffering losses.
Thanks to COVID-19, I love you.

Construction/Propert sector will be the last to recover.
Expect a long sleep in this sector.
Property market is doomed for a good 5 years.

Expect 2 sen..coming soon.

Posted by eddy888 > 2020-03-16 11:22 | Report Abuse

@SA2023 , 25%


SA2023 How many % MCT must have public share?. 30%?

Posted by eddy888 > 2020-03-16 11:26 | Report Abuse

LAND will not hit by COVID-19. LAND price is keep on increasing since SARS or economic crisis. Keep the share if you have holding power. Just assume that you are buying a house & keep for invest. Don't buy for short term.

Posted by DreamKentut > 2020-03-16 11:46 | Report Abuse

How will land price increase when no one is buying?
How will land price increase when majority have no money?
How will land price increase when regulations are not transparent?
How will land price increase when they is a racist protection law?

The house will never expand in size
The area will mature into a ghetto in long term, with gambling dens, prostitution/massaling parlour,
gangsters, theives addicts, hawkers on all sides of walkways, loan sharks etc, etc..
Ultimately value of appreciation.is meaningless when safety and peace of mind is gone.
Only idiots will chase houses.

Posted by Victor Yong > 2020-03-16 13:06 | Report Abuse

drop more grab more. daily total traded very small.... merely fearful traders let go :)

13/03/2020 0.14 7,842,200 = RM1.09mil
12/03/2020 0.165 3,079,200 = RM508K
11/03/2020 0.17 8,695,300 = RM1.47mil
10/03/2020 0.16 4,624,500 = RM739K
09/03/2020 0.20 4,158,100 = etc
06/03/2020 0.21 1,725,700
05/03/2020 0.22 2,159,100
04/03/2020 0.215 2,183,900
03/03/2020 0.22 2,465,100
02/03/2020 0.215 2,516,800
28/02/2020 0.22 2,314,100
27/02/2020 0.225 2,240,500
26/02/2020 0.235 5,706,700
25/02/2020 0.235 2,539,900
24/02/2020 0.24 5,081,100
21/02/2020 0.26 3,009,300
20/02/2020 0.275 7,207,600
19/02/2020 0.28 4,180,100
18/02/2020 0.29 3,366,500
17/02/2020 0.28 4,958,900

Posted by eddy888 > 2020-03-16 14:03 | Report Abuse

buy & keep

Posted by Victor Yong > 2020-03-16 14:19 | Report Abuse

Agreed. Ayala's MCT is one of these stocks.

Given the potent combination of political and economic risks, what kind of strategy should investors adopt to ride out the storm? The answer is obvious — it is time to play defensive.

TA Investment Management chief investment officer Choo Swee Kee advises investors to be defensive and cautious in investing, given the uncertainty in the market now.

“We recognise that in every crisis there are both risks and opportunities. We would adopt a strategy of cautious investing with a focus on value and fundamentals. Only during a crisis would you get the opportunity to buy fundamentally strong stocks at bargain prices,” he tells The Edge.

“At this point, we feel that it is not appropriate to invest based on sectoral selection. We believe it is better to be stock-specific and cherry-pick based on individual companies’ fundamentals and future prospects.”

@eddy888 buy & keep
16/03/2020 2:03 PM

Posted by Victor Yong > 2020-03-16 14:38 | Report Abuse

Retained earnings rm435mil, just allocate rm5-10mil for share buyback from time to time , the share price could recover speedily. :)
16/03/2020 2:38 PM

Posted by Victor Yong > 2020-03-16 15:47 | Report Abuse

In the Philippines, listed companies like to reward shareholders through share buyback like in USA, not dividend. So, share buyback is very likely to be carried out by Ayala soon. Increase in Share price, capital gain better than dividend which is subject to tax :)

Posted by Victor Yong > 2020-03-16 15:58 | Report Abuse

anyway, hope that ayala will talk to TH, AIA and KWAP, offers a reasonable price to privatise it. relist later or get another local conglomerate like simeprop to work together if not delist and relist later :)

Posted by eddy888 > 2020-03-16 16:00 | Report Abuse

continue buy & keep

Posted by eddy888 > 2020-03-16 16:03 | Report Abuse

Invest RM 120k to buy 1 mil lots today. Keep for few years, when share price hit 1.00 & sell, then you will get RM 1mil back. Share price 1.00 still lower then Ayala 1st bought price at 1.28

Posted by eddy888 > 2020-03-16 16:06 | Report Abuse

Pls take note that all the projects launch with take up rate >90%

Posted by SA2023 > 2020-03-16 19:18 | Report Abuse

Announcement today
The Board of Directors of MCT wishes to announce that based on the Record of Depositors of the Company as at 16 March 2020, the Company’s the public shareholding spread is 25.009%.

Posted by SA2023 > 2020-03-16 19:19 | Report Abuse

Accordingly, the Company has complied with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the Listing Requirements.



This announcement is dated 16 March 2020.

Posted by Victor Yong > 2020-03-17 09:16 | Report Abuse

Yesterday total value traded only rm700k+ only :)

Date Close Volume
16/03/2020 0.125 6,206,100
13/03/2020 0.14 7,842,200
12/03/2020 0.16 3,079,200
11/03/2020 0.17 8,695,300
10/03/2020 0.17 4,624,500
09/03/2020 0.17 4,158,100
06/03/2020 0.21 1,725,700
05/03/2020 0.215 2,159,100
04/03/2020 0.22 2,183,900
03/03/2020 0.215 2,465,100
02/03/2020 0.215 2,516,800
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

Posted by Victor Yong > 2020-03-17 09:56 | Report Abuse

​
more and more smaller shareholders invested in mct now :)

Shareholdings spread issue resolved :)

The Board of Directors of MCT wishes to announce that based on the Record of Depositors of the Company as at 16 March 2020, the Company’s the public shareholding spread is 25.009%.



Accordingly, the Company has complied with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the Listing Requirements.



This announcement is dated 16 March 2020.


Rule 8.02(1) of the Listing Requirements provides that a listed corporation must ensure that at least 25% of its total listed shares (excluding treasury shares) or such lower percentage of shareholding spread as may be allowed by the Exchange are in the hands of public shareholders

Posted by Victor Yong > 2020-03-17 09:58 | Report Abuse

So now, Ayala could start to increase its stake in MCT through buying from the open market or share buyback by MCT and then cancel the treasury shares :) Good !!!!



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 of the takeover offer which ended on Monday. According to CIMB Investment Bank, Ayala Land had received acceptances for 295.27 million shares or a 22.12% stake.

Posted by Victor Yong > 2020-03-17 10:12 | Report Abuse

in 2018, ayala offered 88sen per mct share was not successful. 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. It described the offer as “not fair”.

Ayala should reoffer it now but at much lower price than 88sen i guess :)


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 of the takeover offer which ended on Monday.

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

Ayala Land had, through Regent Wise Investments 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. It 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 a 9.16% stake, which was part of a placement of shares at a price of RM1.28 apiece.

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

In early January, Ayala Land emerged as a major shareholder in MCT. Through its unit Regent Wise Investments, it signed a share purchase agreement with Tan Sri Goh Ming Choon, a major shareholder in 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.

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

Posted by Victor Yong > 2020-03-17 10:21 | Report Abuse

Ayala paid for MCT shares:

1) 2015: 9.16% stake at RM1.28 per share;
2) 2015: 23.79% at various prices per share;
3) 2018: 17.24% from Goh ar 88sen per share;
4) 2018: 22.12% via mandatory takeover offer at 88sen per share.

Total stake now ~ 72.31%


Ayala should make another offer now for the remaining 27.69% not owned yet... The best time is now, aia, TH & kwap might be more willing to accept even at a much lower price than 88sen :)

delist and relist at a more opportune time in future :)

Posted by Victor Yong > 2020-03-17 10:35 | Report Abuse

Total issued shares = 1,457 Million

Net assets per share = 62.57sen

if ayala offers 50% of the net assets per share, total amount to be forked out by Ayala:

27.69% x 31.285sen x 1457 mil shares ~RM126mil only :)


Examples of amount paid by Ayala:

2015: 9.16% stake at RM1.28 per share = total amount ~RM181mil
2018: 17.24% from Goh ar 88sen per share = total amount ~RM221mil
2018: 22.12% via mandatory takeover offer at 88sen per share=total amount~RM284mil

Posted by Victor Yong > 2020-03-17 11:10 | Report Abuse

Ayala should sapu MCT shares in the open market or use MCT to buyback MCT shares in the open market before kaotim TB, AIA and kwap for their stakes :)

Posted by Victor Yong > 2020-03-17 11:17 | Report Abuse

Ayala JUST KAOTIM THESE 3 substantial shareholders, habis cerita :)

Citigroup Nominees (Tempatan) Sdn Bhd
- Exempt An for AIA Bhd.
48,536,800 3.33%


Lembaga Tabung Haji / URUSHARTA JAMAAH SDN. BHD.
127,412,800 8.75%

Kumpulan Wang Persaraan (Diperbadankan) 36,934,700 2.53%

Posted by eddy888 > 2020-03-17 11:39 | Report Abuse

buy & keep

Posted by Victor Yong > 2020-03-17 11:49 | Report Abuse

Reasons for grabbing MCT shares now:

1) now trading at discount of more than 80% to its book value, What this means is that it is actually cheaper to invest in MCT than the actual land bank or properties.;
2) The market will turn around ultimately;
3) have a strong balance sheet may not face cash flow problems (ultimate holdings co owns the 2nd largest bank BPI in the Philippines and advanced hundred of millions to mct now and no need to use local banks for financing, etc, lower cost of capital, etc;
4) adjusting to mass-market affordable housing, RM250K to RM750K only;
5) healthy balance sheets to further replenish their land bank and take advantage of attractive prices;
6) have niche product offerings with expertise in planned townships, malls, offices and apartments/condos;
7) Able to tap into the Philippines market with the Ayala brand; and
8) Lastly, privatisation*** :)

Posted by Victor Yong > 2020-03-18 10:25 | Report Abuse

MCT, targeting rm250k-750k product offerings and also landed properties too in addition to apartments :)

Sales-wise, Maybank IB said Mah Sing and SP Setia’s 2019 actual sales were within its expectations, while Sime Darby Property, Sunway and Tambun Indah achieved better-than-expected sales thanks to the National Home-ownership Campaign last year, as well as overseas projects.

“From our discussions with developers, we understand that most of their sales were derived from affordable landed products priced below RM1mil. Elsewhere, UEM Sunrise’s 2019 locked-in sales were below our expectations.”

Posted by eddy888 > 2020-03-18 11:36 | Report Abuse

BUY & KEEP

Posted by ochai > 2020-03-18 11:43 | Report Abuse

queuing...hope can matched today!! yeehaaaa...

Posted by eddy888 > 2020-03-18 12:39 | Report Abuse

If you are not long term investor with target price >40 cents, pls don't buy MCT. You will loss money & jeopardize the share price due to force selling.

Posted by dex > 2020-03-18 13:45 | Report Abuse

8cts coming!!!!!!

Posted by eddy888 > 2020-03-18 13:47 | Report Abuse

URUSHARTA JAMAAH SDN. BHD continue clear the 127,412,800 units in hand. If you are long term investor, can queue to buy at 0.10 - 0.12 cents. Buy & keep with target price >40 cents.
Invest RM 100k at price 0.10, sell >0.40 after 1-2 years, then your will get back RM 400k.
Invest RM 200k, get back RM 800K & so on...
Happy invest..