closed at 22.5sen today. 1sen gained yesterday , another 1sen today... much more active, privatisation or private placement , share price rising Ada orang percayalah
KUALA LUMPUR (Oct 17): Sales campaigns and the falling number of available units owing to the “self-discipline” of developers will help improve the local property market, Bloomberg reported today.
“The market will level up in the next two years,” Soam Heng Choon (pictured), president at the Real Estate and Housing Developers’ Association (Rehda) told the news provider.
According to the same report, “official data” revealed the number of completed units fell by one-third in 1H2019 compared with the same period last year, while new projects “slid” by 20%.
Bloomberg also stated that the local property overhang will be reduced “as foreign buyers get more access”.
Still, homes worth RM19.8 billion remained unsold in 1H2019.
Budget 2020 that was announced last week proposed that the minimum price threshold for the foreign purchase of high-rise property specifically condominiums and apartments in urban areas, to be lowered from RM1 million to RM600,000 effective 2020.
Soam on Monday also dismissed claims that a lowering of the threshold for foreigners to buy property would lead to developers raising their prices.
On Tuesday, Prime Minister Tun Dr Mahathir explained that the move to reduce the price threshold for foreigners to purchase property meant to address property overhang in the country that if left unchecked could contribute to financial woes like what was seen in some Asian cities. — EdgeProp.my
private placement, share price will jump :) example only KUALA LUMPUR (Oct 18): Avillion Bhd jumped 15.38% at mid-morning after the firm said it plans to raise up to RM22.67 million via a private placement up to 20% of its total number of issued shares to independent third party investors to be identified later, to help ease the group’s cash flow requirements by providing it with immediate funds for asset enhancement and refurbishment of the group's hotels and resorts. The money will alos be used to repay bank borrowings, for use as general working capital and to fund its property development project in Johor.
At 10.13am, Avillion rose 2 sen to 15 sen, valuing it at RM141.66 million.
It also plans to undertake an issuance of up to 566.64 million free warrants on the basis of one warrant for every two shares held.
I follow tan Sri goh, tak mau Jual semua kepada Ayala :)
According to MCT's 2018 annual report, Goh was appointed to the board as non-independent executive deputy chairman on April 1, 2015, before being redesignated as non-independent non-executive director on Nov 30, 2016.
His direct stake in the company has been pared down from 10.46% as at April 4 last year to 5.86% as at April 4 this year.
MCT shares slipped 0.5 sen or 1.09% today to close at 45.5 sen, giving it a market capitalisation of RM662.93 million. The stock has fallen 48% from a year ago.
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
MCT BERHAD
Particulars of substantial Securities Holder
NameTAN SRI DATO' SRI GOH MING CHOONNationality/Country of incorporationMalaysiaDescriptions (Class)ORDINARY SHARES
Details of changes
NoDate of change
No of securities
Type of TransactionNature of Interest103 Jun 2019
7,000,000
TransferredDirect InterestName of registered holderCIMSEC NOMINEES (TEMPATAN) SDN. BHD. - CIMB FOR TAN SRI DATO' SRI GOH MING CHOON (PB)Address of registered holder17TH FLOOR, MENARA CIMB, JALAN STESEN SENTRAL 2, KUALA LUMPUR SENTRAL, 50490 KUALA LUMPURDescription of "Others" Type of Transaction Circumstances by reason of which change has occurredTRANSFER OF SHARESNature of interestDirect InterestDirect (units)78,339,790Direct (%)5.377Indirect/deemed interest (units)0Indirect/deemed interest (%)0Total no of securities after change78,339,790Date of notice07 Jun 2019Date notice received by Listed Issuer10 Jun 2019
Remarks :DIRECT INTEREST : CIMSEC NOMINEES (TEMPATAN) SDN. BHD. - CIMB FOR TAN SRI DATO' SRI GOH MING CHOON (PB) - 11,639,790 (0.799%) CIMSEC NOMINEES (TEMPATAN) SDN. BHD. - CIMB BANK FOR TAN SRI DATO' SRI GOH MING CHOON (PBCL-0G0264) - 66,700,000 (4.578%)
Announcement Info
Company NameMCT BERHADStock NameMCTDate Announced10 Jun 2019CategoryChange in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016Reference NumberCS2-07062019-00004
such small number of shares in the open market, share price is easy to return to its price level last year, market cap was more than rm1bil :) now only about 1/3 only...
Sudden surge in price n volume since 2 days ago. Uptrend ... :) More to come, just the start
MCT (5182): MCT BHD - Overview | I3investor
MCT BHD Last Price Today's Change 0.23 +0.005 (2.22%)
Board: MAIN Sector: Property Avg Volume (4 weeks): 494,825 4 Weeks Range: 0.195 - 0.24 52 Weeks Range: 0.195 - 0.77 Average Price Target: 0.33 Price Target Upside/Downside: +0.10 MCT Bhd is a Malaysian investment holding company which is engaged in property development. The group's operating divisions include the development of residential and commercial properties, construction activities, providing civil and mechanical engineering services, investment holding. MCT also operates in hotels, fitness centers and provides provision of utility services and leasing of properties. The company generates the majority of the revenues from property development and construction activities through its operations spread in Malaysia. Date Close Volume 17/10/2019 0.225 3,512,900 16/10/2019 0.215 1,137,300 15/10/2019 0.205 109,200 14/10/2019 0.205 224,700 11/10/2019 0.21 512,000 10/10/2019 0.215 906,300 09/10/2019 0.205 357,100 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
MCT should declare dividend like before sebab MGO at 88sen gagal. say, pay 1 Sen dividend=dividend yield 4.3% , rm14.56mil only, retained earnings about rm500mil. peanut rm14.56mil. net cash position, zero gearing now
last dividend was 2sen per share in 2015, after Ayala started acquiring MCT in 2016, dividend stopped. Ayala thought easy to privatise MCT probably tak bayar dividend pun takpa. so, kini perlu hidupkan dividend as MGO at 88sen kantoi in 2018.
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....
Good123
26,596 posts
Posted by Good123 > 2019-10-17 15:39 | Report Abuse
3mil shares traded ... 0.5% stake belonged to non top 30 shareholders only 7mil shares