Posted by CHWong > 2018-11-04 01:03 | Report Abuse

a company follow talam ways. sure die.
from architect till subcontractor also relative or friend

Posted by CHWong > 2018-11-08 10:40 | Report Abuse

selling pressure come soon

Posted by AiOne Corner > 2018-11-08 15:11 | Report Abuse

Only speculatives ... we dont know exactly .. Buy when others are fearful ...

Posted by CHWong > 2018-11-15 23:53 | Report Abuse

i am one of the cybersouth property buyer. my house got 80 defects. some over 100 defect. u can check from market

Posted by Penang_lang > 2018-11-27 04:55 | Report Abuse

Developer's office attacked, vehicles smashed
https://www.malaysiakini.com/news/453538

Posted by CHWong > 2018-11-27 12:59 | Report Abuse

will go holland soon

Posted by property > 2018-11-29 03:27 | Report Abuse

MCT better takeover other company to expand rather than involve in temple riots.

Posted by property > 2018-11-29 03:30 | Report Abuse

Naim, Ewein, Ivory, Huayang, UemS or even Tropicana very cheap now. Why must take so much trouble to hire thugs for temple riot?

Posted by property > 2018-11-29 03:32 | Report Abuse

MCT boss from Phil still new to M'sia? Don't involve in racial issue esp Indian who believe temple very important in their live.

Posted by property > 2018-11-29 03:35 | Report Abuse

Muhyiddin: Developer's lawyers hired thugs behind temple riots
Read more at https://www.thestar.com.my/news/nation/2018/11/28/muhyiddin-developer-lawyers-hired-thugs-behind-temple-riots/#0xTA0fSzZBDr6Qbr.99

Posted by BN_better > 2018-11-30 03:58 | Report Abuse

Gov't must net 'shark', not bow to capitalists– Umno Youth leader on riots
https://www.malaysiakini.com/news/453980

Posted by commonsense > 2019-01-22 04:31 | Report Abuse

The company’s financial performance is actually not that bad. They have always been able to deliver a profit of RM60mil to RM80mil to shareholders since FY16. For FY19 (they change the end year from June to Dec), revenue and profit will be backed by the still high RM1.1bil unbilled sales. Management has decided to delay the launch of their much awaited The Place 2 (Cyberjaya) given the challenging property market sentiment. The project has a potential GDV of RM1.08bil and is located next to Cyberjaya City Center.

In terms of valuation the company is currently trading at a PE valuation of 11.7x PE which is not high but given the depressing market sentiment of the property industry, investors can actually find other property companies that currently trades at a lot lower valuation compared to MCT. That being said growth for FY19 would most probably be small or none at all.

If you are looking to diversify your portfolio outside of MCT (due to its weak property market outlook) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. I am projecting a profit to shareholder of RM160 mil for FY19 which at the current price values MBMR at only 6.2x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.

Posted by joannelim > 2019-04-04 21:40 | Report Abuse

what is happening?

Posted by Octopus > 2019-04-10 10:16 | Report Abuse

another hole.. like usual...

Posted by BursaGolfer > 2019-04-16 15:27 | Report Abuse

bought some MCT @ 46c

Posted by sidewinder > 2019-04-29 09:53 | Report Abuse

Seems like making a move. 60cent by this week perhaps

Posted by sidewinder > 2019-05-01 18:14 | Report Abuse

https://klse.i3investor.com/m/blog/Bursa_Master/204681.jsp

Posted by solaris80 > 2019-05-17 13:28 | Report Abuse

going to privatized by Ayala Land at 50 cents

Posted by Investor Or trader > 2019-06-13 19:28 | Report Abuse

Time to buy before train leaving north...

Posted by joannelim > 2019-06-20 15:55 | Report Abuse

cnt stop falling from 80 cents

Posted by Moneymaker > 2019-07-05 19:02 | Report Abuse

Good news coming

Posted by amdkhus > 2019-07-08 14:01 | Report Abuse

what news

Posted by Moneymaker > 2019-07-22 16:15 | Report Abuse

Good news coming very soon... very cheap to buy now

Posted by Moneymaker > 2019-07-24 09:25 | Report Abuse

Told you all. Going up now.

Posted by Moneymaker > 2019-07-24 09:25 | Report Abuse

Buy more

Posted by MJCHONG > 2019-07-29 09:54 | Report Abuse

It's undervalued, buying some for potential growth.

Posted by Moneymaker > 2019-07-29 17:00 | Report Abuse

Told you all

Posted by G C > 2019-07-29 20:47 | Report Abuse

Moneymaker! wat news ya?

Posted by warchest > 2019-07-30 09:02 | Report Abuse

No volume hard to play. All retailers play so no support on the prices

Posted by lurhays > 2019-07-30 13:13 | Report Abuse

on her support..?

Posted by lurhays > 2019-07-30 13:17 | Report Abuse

cyberjaya grand properties... wow...

Posted by theavenger > 2019-09-13 12:12 | Report Abuse

wake up already

Posted by actura > 2019-10-04 09:36 | Report Abuse

Hopeless..............

Posted by Victor Yong > 2019-10-09 14:36 | Report Abuse

Strong backup support from the Property Giant - Ayala Land

In April 2015, Ayala Land emerged in MCT Berhad via a private placement during IPO, six months later it bumped up its shareholdings in MCT to 32.95%.

In early January 2016, Ayala Land emerged as a major shareholder of MCT, buying the stake from MCT’s founders. This brought Ayala Land’s holdings to 50.19% and firmly indicated its control of the local property developer. As per MCT 2018 Annual Report, Ayala Land indirectly owns 66.25% of MCT Stake, which makes them the largest shareholder for MCT Berhad.

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. It is the biggest property developer in the Philippines with market capitalisation of RM53.69bil. The value of approximately RM54bil also means that Ayala Land is even larger than top 10 property developer in Malaysia combined.

Tan Sri Barry Goh has resigned from his non-independent, non-executive directorship with the company.

With the strong ownership structure, it certainly assume an implicit support from the parental company in various aspects (financial and expertise).

Posted by Victor Yong > 2019-10-09 14:38 | Report Abuse

with current low price, probably Ayala Land will privatise it... also the public shareholdings spread was not complied till now...

Posted by Victor Yong > 2019-10-09 14:46 | Report Abuse

another privatisation stock ... ayala land is cash rich conglomerate in the philippines

Philippines' Ayala Land now controls 72.3% of MCT
CORPORATE NEWS
Tuesday, 20 Feb 2018

4:38 AM MYT

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

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%.

In early January, Ayala Land emerge as a major shareholder of MCT, 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.

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 > 2019-10-09 14:47 | Report Abuse

ayala will offer a price for privatisation very soon. fingers crossed :)


In early January, Ayala Land emerge as a major shareholder of MCT, 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.

Posted by Victor Yong > 2019-10-09 14:50 | Report Abuse

Offer price 40 to 50sen likely :)

PUBLIC SHAREHOLDINGS SPREAD
MCT BERHAD

Type Announcement
Subject PUBLIC SHAREHOLDINGS SPREAD
Description MCT BERHAD ("MCT" OR THE "COMPANY")

EXTENSION OF TIME TO COMPLY WITH PUBLIC SHAREHOLDING SPREAD REQUIREMENTS PURSUANT TO PARAGRAPH 8.02(1) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("EXTENSION OF TIME")
(Unless otherwise defined, the definitions set out in the announcements dated 6 February 2018, 21 March 2018, 29 March 2018, 30 May 2018, 24 July 2018, 1 August 2018, 22 November 2018, 17 January 2019, 30 January 2019, 28 May 2019 and 8 July 2019 (“Announcements”) shall apply herein.)



We refer to the Company’s Announcements in relation to the non-compliance of the Required Public Spread pursuant to Paragraph 8.02(1) of the Listing Requirements and the Board of Directors of MCT wishes to announce that Bursa Securities had vide a letter dated 9 August 2019 granted the Company a further extension of time of six (6) months until 4 February 2020 to comply with the Required Public Spread.



As at 31 July 2019, the public shareholding spread of the Company was 24.59%. As such, the Company currently does not comply with the Required Public Spread.



To rectify the non-compliance with the Required Public Spread, the Company intends to continue pursuing the following action plans:



1. Engaging with investment banks to identify potential public placees to increase public spread via a private placement;



2. To conduct analyst and media briefings to increase awareness and interests in the Company;



3. To update research houses with the Company’s current performance and future plans to expand research coverage on the Company; and



4. Engage with the Company’s major shareholders on the possibility of selling down its shareholding to public shareholders.



The Company will continue to monitor the level of public shareholdings and make the necessary announcement in relation to the status of compliance with the Required Public Spread in accordance with the Listing Requirements.



This announcement is dated 9 August 2019.

Posted by Victor Yong > 2019-10-09 14:51 | Report Abuse

cheap to privatise mct now with its cash pile now :)

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 > 2019-10-09 14:55 | Report Abuse

For its parent company, see Ayala Corporation.

Public
Traded as PSE: ALI
Founded September 14, 1988; 31 years ago in Manila, Philippines
Headquarters Makati, Philippines
Area served
Philippines
Key people
Fernando Zobel de Ayala
(Chairman)
Bernard Vincent Dy
(President)
Revenue Increase ₱124.6 billion (FY 2016)
Net income
Increase ₱24.4 billion (FY 2016)
Total assets Increase ₱536.4 billion (FY 2016)
Parent Ayala Corporation
Website ayalaland.com.ph
Ayala Land, Inc. (ALI) is a real estate firm based in the Philippines. It is a subsidiary of Ayala Corporation. It began as a division of Ayala Corporation until it was spun off and incorporated in 1988. It became publicly listed in the Philippine Stock Exchange (PSE: ALI) in 1991. Its core businesses are in strategic landbank management, residential development, shopping centers, corporate businesses, and hotels & resorts. Support businesses are in construction and property management. ALI also derives other income from its investment activities and sale of non-core assets[1].[2][3] Last April 2015, ALI bought a minority stake in Malaysian property developer MCT Bhd. in a P1.9-billion ($43-million) deal.[4]

References
Dumlao-Abadilla, Doris. "Ayala Land nets P6.52B". Retrieved 2018-11-28.
Philippine Stock Exchange Listed Companies http://www.pse.com.ph/html/ListedCompanies/listedcompanyinfo.jsp?compID=180&recCtr=5&subsector=9[permanent dead link]
Ayala Land 2009 Integrated Annual and Sustainability Report, pp. 208-209 "Archived copy". Archived from the original on 2010-03-26. Retrieved 2010-09-29.
"BusinessWorld | Ayala Land buys into MCT Bhd. in first foray into Malaysia". www.bworldonline.com. Retrieved 2015-06-01.
Ayala Land posts strong Q1 2017 profit, up 18% at 5.56B

External links
Ayala Land official website
Official Facebook Account

Posted by FlyHigh123 > 2019-10-09 14:58 | Report Abuse

Isn't it a hostile takeover then? Since the Ayala is planning to take over MCT when the malaysian market is not doing well. Sad seeing another Malaysian company taken over by a foreign country, albeit it's still an Asian country

Posted by Victor Yong > 2019-10-09 15:04 | Report Abuse

if ayala land offers 50sen per share for privatisation, ada orang mau jual kah?

Reject Ayala Land's takeover offer, MCT shareholders told
CORPORATE NEWS,M&A
Monday, 05 Feb 2018

5:13 AM MYT
By JOSEPH CHIN


MCT SkyPark

KUALA LUMPUR: Kenanga Investment Bank Bhd has advised the minority shareholders of property company MCT Bhd to reject the takeover offer of 88 sen a share by the Philippines' Ayala Land.

Kenanga IB said on Monday 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.

“Kenanga IB views the sum-of-parts valuation (SOPV) model to be the most appropriate method to estimate the value of the MCT shares.

“Based on the SOPV method, Kenanga IB has derived an estimated fair value for the entire equity interest in MCT of approximately RM1.84bil or a fair value per MCT share of RM1.38,” it said.

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%.

In early January, Ayala Land emerge as a major shareholder of MCT, 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.

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

Kenanga IB said the offer price represents:

(i) a small premium of 0.22% to the five-day volume weighted average market price (VWAMP) of MCT shares as at the last practical date of 87.81 sen ;

(ii) a discount of 1.10% to the volume weighted average VWAMP of MCT shares for the period starting 12 months before the commencement of the offer period and up to the LPD of 88.98 sen;

(iii) and a discount of 8.33% to the VWAMP of MCT shares for the period 24 months before the commencement of the offer period and up to the LPD of 96 sen.

Notwithstanding that the MCT shares are illiquid, Kenanga IB noted the offeror intends to maintain the listing status of MCT on the Main Market of Bursa Securities.

“As such, holders who hold small amount of equity interest in MCT may still have the opportunity to dispose their MCT Shares in the open market subsequent to the closing date,” it said.

Meanwhile, the non-interested directors, after considering all aspects of the offer such as fairness and reasonableness of the offer and the evaluation and recommendation by Kenanga IB, concurred with the evaluation and recommendation of Kenanga IB that the offer is “not fair” and “not reasonable”.

“Accordingly, the non-interested directors recommend that you reject the offer,” they said in the statement.


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

Posted by Victor Yong > 2019-10-09 15:07 | Report Abuse

ayala land might reoffer the 88sen to minority shareholders again, this time is much easier i guess :)

Posted by Victor Yong > 2019-10-09 15:32 | Report Abuse

:)

Prospects for the next financial year
With the introduction of Home Ownership Campaign (“HOC”) by the Government, the property sector
have shown improvement as the campaign has stirred interest among homebuyers. With the Group’s
experience in residential development, the outlook for the Group is positive given that the Group is
expecting several key launches at Cybersouth and Lakefront @ Cyberjaya project by the end of
2019. 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 2019 as the Group is targeting to launch the first
phase of the newly acquired land in Subang Jaya by 4Q 2019.

Posted by Victor Yong > 2019-10-09 15:33 | Report Abuse

For the current period to date
The Group recorded revenue of RM210 million for the 6 months period ended 30 June 2019. Savings
realised from SkyPark @ Cyberjaya coupled with the improvement of construction progress has
contributed to the revenue and profit recognition for the period. Property development segment
contributed to 95% of the total revenue of the Group.
Gross profit margin remained healthy at 30% as the contribution from low margin products such as
PR1MA Homes were the main revenue drivers.
The lower effective tax rate of 21% as compared to the statutory tax rate of 24% is mainly due to the
utilisation of business losses arising from certain subsidiaries.
Profit after tax was RM8 million at 4% net profit margin following the increase in expenses incurred
which coincided with the slow construction progress for the same period.

Posted by Victor Yong > 2019-10-09 15:34 | Report Abuse

Grab, possible for privatisation with the same offer price again at 88sen :)

Date Close Volume
08/10/2019 0.21 475,200
07/10/2019 0.20 219,000
04/10/2019 0.20 70,000
03/10/2019 0.20 167,000
02/10/2019 0.20 280,000
01/10/2019 0.205 315,200
30/09/2019 0.205 204,200
27/09/2019 0.21 71,500
26/09/2019 0.21 352,600
25/09/2019 0.21 102,000
24/09/2019 0.22 517,200
23/09/2019 0.215 186,100
20/09/2019 0.22 177,000
19/09/2019 0.225 2,035,100
18/09/2019 0.225 807,100
17/09/2019 0.225 748,200
13/09/2019 0.225 1,294,300
12/09/2019 0.21 406,800
11/09/2019 0.215 885,900

Posted by Victor Yong > 2019-10-09 16:14 | Report Abuse

Ayala group, a Filipino Spanish group

https://www.ayalaland.com.ph/amp/

Posted by Victor Yong > 2019-10-09 16:54 | Report Abuse

government will also ensure that previous investment in mct by tabung haji will be recovered, etc. :)

5182 MCT MCT BERHAD
Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

Particulars of Shareholder 38

Name : URUSHARTA JAMAAH SDN. BHD
NRIC/Passport No./Company No. : 1307642-V
Nationality/Country of Incorporation : Malaysia

Address:
Tingkat 7, Bangunan Setia 1, 15, Lorong Dungun, Bukit Damansara, 50490Kuala Lumpur Wilayah Persekutuan Malaysia

Descriptions (Class and Nominal Value):
Ordinary share


Name and Address of Registered Holder:
Urusharta Jamaah Sdn. Bhd.Tingkat 7, Bangunan Setia 1,15, LorongDungun,Bukit Damansara,50490 Kuala Lumpur,Wilayah Persekutuan.


Details of Changes

Date of Notice : 31/12/2018

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 28/12/2018 Acquired 133,480,000 -


Circumstances by reason of which change has occurred:
Share transferred by Lembaga Tabung Haji as a result of the restructuringexercise - 133,480,000 units

Nature of Interest:
Direct Interest

Consideration:



No of Shares Held After Changes:
Direct : 133,480,000 shares (9.1610%)
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

Posted by Victor Yong > 2019-10-09 17:02 | Report Abuse

tabung haji punya 9.16%+ stake in MCT has been transferred to URUSHARTA JAMAAH SDN. BHD... as such the govt agency will ensure MCT will generate +return :)

Posted by Victor Yong > 2019-10-09 17:03 | Report Abuse

hopefully ayala will offer to buyback the less than 25% stake belonged to others. :)