MSCI said it will delete Boustead Plantations Bhd, Eastern & Oriental Bhd, Hong Leong Industries Bhd and UOA Development Bhd from the MSCI Global Small Cap Indexes' MSCI Malaysia Index, following its November 2019 semi-annual index review.
Meanwhile, Alliance Bank, Ekovest Bhd, Frontken Corp Bhd, Leong Hup International Bhd, MMC Corp Bhd, Pentamaster Corp Bhd, Sime Darby Property, S P Setia and Syarikat Takaful Malaysia Keluarga Bhd will be added into the MSCI Global Small Cap Indexes' MSCI Malaysia Index.
"Posted by perangbrown > Nov 11, 2019 3:40 PM | Report Abuse MSCI said it will delete Boustead Plantations Bhd, Eastern & Oriental Bhd, Hong Leong Industries Bhd and UOA Development Bhd from the MSCI Global Small Cap Indexes' MSCI Malaysia Index, following its November 2019 semi-annual index review.
Meanwhile, Alliance Bank, Ekovest Bhd, Frontken Corp Bhd, Leong Hup International Bhd, MMC Corp Bhd, Pentamaster Corp Bhd, Sime Darby Property, S P Setia and Syarikat Takaful Malaysia Keluarga Bhd will be added into the MSCI Global Small Cap Indexes' MSCI Malaysia Index."
Chong, chong macam mana pun, x der harapan. Semua kaunter haprak!
Time murah cakap Game over, time dah naik balik dan mahal menyesal tak beli. Time murah la collect. Beginner mindset. Recall of my fellow Dayang, Carimin, KAB. Time murah sape pun tak mahu. Investment mindset kena betul before in invest. Most important fundamental company. Untung cepat kira bonus, untung lambat that's call investment.
...The Federal Court here today ruled that the housing controller has no power to grant an extension of time (EOT) to developers to complete their property development projects... Shame on the country, simple operating process but ended up so complicated. No wonder many like power so that they can intervene towards own benefits.
MCT Berhad ( A property developer) which is a good counter , is very undervalued to current share price of “RM0.26”due to Public shareholding spread of 24.59% that not yet reach 25% but will put effort to solve it and strong advantage of as below and good luck !
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. TOPIC:
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
pilato
236 posts
Posted by pilato > 2019-10-31 17:09 | Report Abuse
Very weak company