:)

MCT Financial Information
Market Capital (RM) 313.25m
Number of Share 1.457b
EPS (cent)* 2.92
P/E Ratio 7.36
ROE (%) 4.66

Ayala Corporation (Spanish: Corporación Ayala, formerly Ayala y Compañía) is the publicly listed holding company for the diversified interests of the Ayala Group. Founded in the Philippines by Domingo Róxas and Antonio de Ayala during the Spanish colonial rule, it is the country's oldest and largest conglomerate. The company has a portfolio of diverse business interests, including investments in retail, education, real estate, banking, telecommunications, water infrastructure, renewable energy, electronics, information technology, automotive, healthcare, and management and business process outsourcing. As of November 2015, it is the country's largest corporation in terms of assets ($48.7B).

Ayala Corporation
Ayala Logo.svg
Type
Public
Traded as
PSE: AC
Founded
Manila, Captaincy General of the Philippines
1834; 186 years ago
Founders
Domingo Róxas
Antonio de Ayala
Headquarters
Makati, Philippines
Area served
Philippines
Key people
Jaime Augusto Zóbel de Ayala (Chairman and CEO)
Fernando Zóbel de Ayala (President and COO)
Revenue
Increase ₱237 billion (FY 2016)[1]
Net income
Increase ₱43.4 billion (FY 2016)[1]
Total assets
Increase ₱911.7 billion (FY 2016)
Total equity
Increase ₱370.9 billion (FY 2016)
Website
ayala.com.ph

This is the safest property stock owned by Ayala land and the ultimate holdings co, Ayala corp.

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]

Ayala Land Inc.
Ayala Land logo.svg
Type
Public
Traded as
PSE: ALI
ISIN
PHY0488F1004 Edit this on Wikidata
Industry
real estate company Edit this on Wikidata
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

The current top 30 shareholders should be willing to cash out if Ayala offers a decent exit price :)

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 :)

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

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.

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

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 :)

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%.

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

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.

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 :)

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

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.

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.)

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.

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

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.

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

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 ...

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

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

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)

easily back to 25 to 30sen


4 Weeks Range: 0.21 - 0.295

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

Cash rich partner from Qatar for Pavilion Bukit Jalil, surely rebound sooner or later :)

The syndicated banking facilities will be utilised to finance the acquisition of the Pavilion Bukit Jalil mall. Regal Path is a joint venture company of Malton’s wholly-owned subsidiary Khuan Choo Realty Sdn Bhd, Qatar Investment Authority’s (QIA) wholly owned subsidiary Q PBJ Sdn Bhd, and Tan Sri Desmond Lim via his private vehicle Jelang Tegas Sdn Bhd.


The Joint Mandated Lead Arrangers commented that, “We are proud to be the key financial partners for this landmark project. We are confident that with the strategic partnership between Tan Sri Desmond Lim of Pavilion Group and QIA, and leveraging on the strong expertise of Pavilion as the retail manager, Pavilion Bukit Jalil mall will be another key shopping destination for both the local community and foreign tourists alike, similar to the highly successful and award-winning Pavilion KL.”

Regal Path secures RM1.1bil for Pavilion Bukit Jalil mall
BUSINESS
Tuesday, 29 Oct 2019

8:02 AM MYT

Done deal: Regal Path inked the facilities agreement with four banks to acquire Pavilion Bukit Jalil mall. (From left) UOB Bank (Malaysia) Berhad managing director Ng Wei Wei, Maybank managing director Michael Oh-Lau, Regal Path Sdn Bhd director Hong Lay Chuan, OCBC Bank (Malaysia) Berhad CEO Dato’ Ong Eng Bin, OCBC Bank (Malaysia) Berhad managing director Tan Ai Chin and CIMB Bank Berhad group head corporate banking Lo Nyen Khing signing the agreement at Pavilion Hotel Kuala Lumpur.

Regal Path Sdn Bhd (Regal Path) successfully secured syndicated banking facilities of up to RM1.1bil for the acquisition of Pavilion Bukit Jalil mall from Pioneer Haven Sdn Bhd - a wholly owned subsidiary of Malton Berhad (Malton).

The iconic Pavilion Bukit Jalil Mall - being one of the country’s largest regional shopping hubs, is part of the 20ha Bukit Jalil City integrated lifestyle development in the southern corridor of Klang Valley to be developed by Malton.

On Oct 10, Regal Path inked the facilities agreement with four banks, namely CIMB Bank Berhad, Malayan Banking Berhad, OCBC Bank (Malaysia) Berhad and United Overseas Bank (Malaysia) Berhad at Pavilion Hotel Kuala Lumpur.

The syndicated banking facilities will be utilised to finance the acquisition of the Pavilion Bukit Jalil mall. Regal Path is a joint venture company of Malton’s wholly-owned subsidiary Khuan Choo Realty Sdn Bhd, Qatar Investment Authority’s (QIA) wholly owned subsidiary Q PBJ Sdn Bhd, and Tan Sri Desmond Lim via his private vehicle Jelang Tegas Sdn Bhd.


The Joint Mandated Lead Arrangers commented that, “We are proud to be the key financial partners for this landmark project. We are confident that with the strategic partnership between Tan Sri Desmond Lim of Pavilion Group and QIA, and leveraging on the strong expertise of Pavilion as the retail manager, Pavilion Bukit Jalil mall will be another key shopping destination for both the local community and foreign tourists alike, similar to the highly successful and award-winning Pavilion KL.”

“Albeit the prevailing tough market conditions, the successful closure of this billion ringgit syndication signifies the confidence by the syndicate banks in the combination of the best expertise and the able leadership of the sponsors in delivering yet another iconic destination mall. We are confident that the sponsors would be able to rejuvenate Bukil Jalil into an integrated cosmopolitan lifestyle development and a destination to be reckoned with in the near future, ” added the Joint Mandated Lead Arrangers.

Slated for completion by March 2021, Pavilion Bukit Jalil mall will attract locals and tourists alike.
Slated for completion by March 2021, Pavilion Bukit Jalil mall will attract locals and tourists alike.

The three strategic investors entered into a Subscription Agreement with Regal Path on May 28 to participate in the ownership of Pavilion Bukit Jalil mall. The signing ceremony of the syndicated banking facilities marks a momentous milestone as it underscores the lenders’ strong support and confidence in the solid partnerships and business prospects of the stakeholders involved in the Pavilion Bukit Jalil mall landmark transaction.

The partnership with QIA in Pavilion Bukit Jalil mall is the latest example of QIA investing in high-end, world-leading retail outlets and real estate across the globe. With QIA’s participation, it is indeed a testimony of confidence, not just in the projects managed under the ‘Pavilion’ brand, but Malaysia as a stable and high potential investment destination. The solid and long-term partnership signifies their combined efforts to drive the nation’s economy forward.

QIA’s participation in the ownership of Pavilion Bukit Jalil mall is in tandem with the government’s efforts to attract genuine foreign investments and spur the Foreign Direct Investment growth, making Malaysia the preferred destination for investment.

The 20ha prime freehold land in Bukit Jalil City will be one of the country’s largest regional shopping hubs.
The 20ha prime freehold land in Bukit Jalil City will be one of the country’s largest regional shopping hubs.

Slated for completion by March 2021, Pavilion Bukit Jalil mall is set to be the crown jewel of Bukit Jalil City. Tapping into the retail expertise of retail management team from Pavilion KL - an award-winning and Malaysia’s most successful mall, the Pavilion Bukit Jalil mall will feature a good mix of retailers, attracting a steady pool of local and international visitors.
With an estimated net lettable area of 1.8 million sq ft, the iconic Pavilion Bukit Jalil mall will be one of the country’s largest regional shopping hubs that will rejuvenate Bukit Jalil into a vibrant destination for business, best-in-class shopping experience, dining, leisure and entertainment hub catering to both locals and tourists alike.

The Pavilion Bukit Jalil mall comprises one block of retail mall with five levels of retail spaces and two levels of basement parking. The mall, scheduled to open in the third quarter of 2020, will have a net lettable area of 1.8 million sq ft.

The Pavilion Bukit Jalil mall is part of the wider Bukit Jalil City project, with a gross development value of RM4 billion, which is being undertaken by Pioneer Haven.

On July 9, 2018, The Edge Malaysia Weekly had reported quoting sources that Canada Pension Plan Investment Board was in talks with Malton on the purchase of up to a 49% stake in the Pavilion Bukit Jalil mall.

Malton shares closed unchanged at 52.5 sen today, with 696,300 shares done, bringing it a market capitalisation of RM277.27 million. Pavilion REIT units, meanwhile, ended the day up one sen or 0.61% at RM1.66, with 6.25 million shares traded, valuing it at RM5.04 billion.

Buy now or never

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

Great improvement under the new CEO.will recover.good buy

among the cheapest , most undervalued prop stocks

rising revenue, profitability and net assets per share (RM1.75) 38sen/1.75 = P/B= 0.21 fire sale price

6181 MALTON MALTON BHD
Quarterly rpt on consolidated results for the financial period ended 31/12/2019
Quarter: 2nd Quarter
Financial Year End: 30/06/2020
Report Status: Unaudited
Submitted By:

Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period
31/12/2019 31/12/2018 31/12/2019 31/12/2018
RM '000 RM '000 RM '000 RM '000
1 Revenue 701,865 252,931 817,783 410,867
2 Profit/Loss Before Tax 13,221 8,922 16,656 16,821
3 Profit/(loss) attributable to ordinary equity holders of the parent 8,125 2,587 9,434 7,035
4 Net Profit/Loss For The Period 8,008 2,038 9,205 6,486
5 Basic Earnings/Loss Per Shares (sen) 1.54 0.49 1.79 1.33
6 Dividend Per Share (sen) 0.00 0.00 0.00 0.00
As At End of Current Quarter As At Preceding Financial Year End
7 Net Assets Per Share (RM) 1.7500 1.7500


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



26/02/2020 07:00 AM


Ref Code: 202002263100605

possible to repeat again? :)

Thursday, 31 May 2018

5:07PM MALTON MALTON CORPORATION SDN BHD (920,000 units Acquired)

5:06PM MALTON TAN KEWI YONG (920,000 units Acquired)

5:06PM MALTON LIM SIEW CHOON (920,000 units Acquired)

5:06PM MALTON TAN KEWI YONG (920,000 units Acquired)

5:06PM MALTON LIM SIEW CHOON (920,000 units Acquired)


Monday, 28 May 2018

5:08PM MALTON LIM SIEW CHOON (5,280,000 units Acquired)

5:08PM MALTON TAN KEWI YONG (5,280,000 units Acquired)

5:08PM MALTON LIM SIEW CHOON (5,280,000 units Acquired)

5:08PM MALTON TAN KEWI YONG (5,280,000 units Acquired)

5:08PM MALTON MALTON CORPORATION SDN BHD (5,280,000 units Acquired)

grab more, before the major shareholders rush in to sapu ... pavillion bukit jalil and its condo projects almost completed and to be delivered

reobund soon :)

6:04PM TUNEPRO Financial year end net profit 58.051 million (increased 9.70%)

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.

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.

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

OTW up after the results :)

Tune Protect and SalamAir in strategic tie-up
CORPORATE NEWS
Friday, 21 Feb 2020


“In line with our aspiration to become the leading digital insurer, we are constantly on the lookout for strategic partnerships to provide digital travel protection, ” said Tune Protect Group’s chief executive officer Khoo Ai Lin.

KUALA LUMPUR: Tune Protect Commercial Brokerage LLC has entered into a strategic partnership with SalamAir, Oman’s first low-cost airline, offering passengers an attractive range of travel protection benefits.

The travel protection products are specially designed for SalamAir travellers, offering benefits such as personal accident benefits, hospital allowance, emergency medical evacuation and repatriation, travel inconvenience and other travel-related benefits.

“In line with our aspiration to become the leading digital insurer, we are constantly on the lookout for strategic partnerships to provide digital travel protection, ” said Tune Protect Group’s chief executive officer Khoo Ai Lin in a statement yesterday.

“With this partnership, the passengers from the European, Middle East, Indian and African region will benefit by the delightful customer experience this home-grown airline offers, with options for extra luggage, seat and meal selections, ” she added. — Bernama

will recover next week :)

GAIN in 2020 (Go ASEAN, AirAsia Ecosystem, Insurtech capabilities and
National Business)
Moving forward, the Group aims to strengthen its business by exploring more strategic
partnerships or acquisition opportunities in Indonesia, Vietnam and the Philippines while
growing its airline partnerships including the likes of SalamAir.
The Group plans to unlock further potential and synergies with its affiliates including
customer acquisition and cross-selling activities within the AirAsia ecosystem.
The Group is also looking at introducing a mobile apps with self-manage claims function
as part of its turnkey digital insurance enabling platform.
The Group launched several new products in 2019, including Auto Buddy, Business
Shield, Foreign Workers PA and the opt-in feature for motor insurance, Pay-As-You-Drive
(PAYD). For 2020, the Group aims to continue its innovation in developing new products
for consumers - including a new motor insurance product. It also aims to optimise its
distribution channels by targeting at preferred segments of motor and non-motor portfolio
while investing in technological capabilities.
Strong Fundamentals
In the near-term, though the COVID-19 outbreak has impacted the global economy,
particularly the travel and tourism industry, the Group remains cautiously optimistic that it
will regain growth momentum in the second half of the year. Several countries in ASEAN
have announced initiatives to cushion the impact of COVID-19 on the region’s economy
and particularly for Malaysia, the recent budget stimulus announcement to boost the local
travel and tourism industry will help to ease the impact of COVID-19.
The Malaysian economy is also not spared from the impact of the current political
uncertainty which is foreseen to ease once the new government is formed.
Notwithstanding these factors, Tune Protect believes that its transformation initiatives,
including the GAIN strategy which encompasses beyond Travel insurance and Malaysia
market, will help the Group weather the challenges in 2020.
“We have a good spread across multiple lines of business and our fundamentals remain
strong. We believe that the Group is in shape to weather the challenges and is in a
good position to prosper when the travel industry recovers,” Ai Lin concluded.

In 4Q2019, TPM saw improvements in net claims by 44.1% due to favourable claims
experience and lower management expenses by 28.8%. TPM also posted a 11.4% YoY
increase in GWP to RM95.7 million, mainly driven by non-motor segments.
Although TPM recorded decline in GWP for the full year 2019, its GWP mix is heading in
the right direction stemming from our aspiration to grow the preferred segments. TPM is
working towards achieving the optimal portfolio mix of Motor (below 35%) and Non-motor
(above 65%), as part of the Group’s strategy to ensure the sustainability and profitability
of its Malaysian General Insurance business.
Expanding our Reinsurance presence in ASEAN
Tune Protect Re (TPR), the Group’s reinsurance arm, recorded a 36.8% YoY decline in
4Q2019 PAT to RM6.2 million mainly due to the change in the intra-group premium
retention arrangements for its Malaysia travel business. The decline is cushioned by the
stronger performance from its three largest travel markets after Malaysia - Thailand, the
Philippines, and Indonesia, in tandem with the growth of its airline partner.
In 4Q2019, TPR’s business in Thailand and Indonesia posted a premium growth of 39.6%
and 34.2%, aided by the Group’s revenue optimisation initiative for AirAsia.
Lower share of results from Overseas Ventures
The Group’s FY2019 overseas ventures declined by 10.4% YoY from RM4.9 million to
RM4.4 million, and this was mainly a result of the switch to opt-in setting on the AirArabia
in-path booking platform.
The impact of the decline is cushioned by the 5.4% growth in travel business for Tune
Protect Thailand (“TPT”), on the back of the positive response to the revenue optimisation
initiative, in addition to the higher revenue from Tune Protect EMEIA’s B2B channels with
policies issued increasing a commendable 48.8% YoY.
In December 2019, Tune Protect EMEIA commenced its partnership with SalamAir, the
first low-cost carrier in Oman, offering travel insurance in four key markets in the Middle
East, namely Oman, the United Arab Emirates, Kuwait and Qatar. There are plans in the
pipeline to acquire more markets in the 2020 expansion trajectory. Based on performance
to date, the Group is already seeing promising results, at this early stage. SalamAir
currently flies to 27 destinations across the Gulf Corporation Council (GCC), Asia, Africa
and the Indian subcontinent.

Tune Protect registered 9.7% PAT growth for 2019

KUALA LUMPUR, 28th February 2020- Tune Protect Group Berhad (‘Tune Protect’ or
‘the Group’; TUNEPRO, 5230) posted a Profit After Tax (‘PAT’) of RM11.4 million with
Operating Revenue (‘OR’) of RM125.8 million and Gross Written Premiums (‘GWP’) of
RM114.8 million for the fourth quarter of 2019 (‘4Q2019’).
For the 4Q2019, the Group’s Profit Before Tax (PBT) and GWP increased 28.1% and
11.0% year-on-year (YoY) respectively. The Group’s PAT for 4Q2019 increased
marginally by 1.4% YoY to RM11.4 million while the Group’s OR declined 10.4% YoY.
For the full year ended 31
st December 2019 (FY2019), the Group’s PAT ended higher by
9.7% YoY to RM58.1 million, while GWP and OR reduced 10.6% and 11.5% YoY to
RM463.9 million and RM500.8 million, respectively.
Growth in the Group’s 4Q2019 PBT was largely driven by favourable prior year claims
experience, lower combined ratio and higher investment income. The Group’s
management expenses improved to RM35.0 million and combined ratio reduced
substantially from 101.1% in 4Q2018 to 88.8% in 4Q2019.
4Q2019 investment income increased 4.5% to RM8.8 million, while FY2019 investment
income was higher by 8.3% to RM31.5 million.
The Group’s strong GWP performance in 4Q2019 was driven by higher non-motor
business recorded by Tune Protect Malaysia (TPM), the Group’s Malaysian General
Insurance subsidiary.
“The Group’s commendable PAT recorded in FY2019 was a result of our GAIN
transformation strategy and ongoing efforts to improve operational efficiencies,” said
Khoo Ai Lin (‘Ai Lin’), Group Chief Executive Officer of Tune Protect.
Improvement in net claims and expenses fueled TPM’s PAT growth
TPM’s PAT increased fourfold from RM1.8 million in 4Q2018 to RM9.2 million in 4Q2019.
Likewise, TPM’s FY2019 PAT rose 61.8% YoY to RM34.1 million, largely driven by
favourable claims experience arising from our portfolio restructuring initiatives, lower
management expenses due to lower impairment and gain in investment income.

Profit UP good

5230 TUNEPRO TUNE PROTECT GROUP BERHAD
Quarterly rpt on consolidated results for the financial period ended 31/12/2019
Quarter: 4th Quarter
Financial Year End: 31/12/2019
Report Status: Unaudited
Submitted By:
Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period
31/12/2019 31/12/2018 31/12/2019 31/12/2018
RM '000 RM '000 RM '000 RM '000
1 Revenue 125,832 140,419 500,801 566,122
2 Profit/Loss Before Tax 12,285 9,588 61,648 55,070
3 Profit/(loss) attributable to ordinary equity holders of the parent 10,638 10,796 50,677 49,505
4 Net Profit/Loss For The Period 11,360 11,205 58,051 52,918
5 Basic Earnings/Loss Per Shares (sen) 1.42 1.44 6.74 6.59
6 Dividend Per Share (sen) 0.00 0.00 3.00 3.00
As At End of Current Quarter As At Preceding Financial Year End
7 Net Assets Per Share (RM) 0.7400 0.7000
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 access
the Bursa website at http://www.bursamalaysia.com

if new cabinet is formed during weekends, next week back to 50sen and above probably

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:

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