Posted by Victor Yong > 2020-03-10 11:14 | Report Abuse

Transfer of wealth from short term fearful retailers to investors

Posted by Victor Yong > 2020-03-10 11:23 | Report Abuse

Best time now for Ayala to delist and relist MCT later, low price now, easier to kaotim other shareholders :)

MGO gagal in Feb 2018 dulu. Buat sekali lagi sekarang, shareholders lebih sanggup terima tawaran sekarang :)

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, 8 July 2019, 9 August 2019, 21 November 2019 and 21 January 2020 (“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. The Board of Directors of MCT wishes to announce that the Company received today the approval letter dated 24 February 2020 from the Bursa Securities granting the Company further extension of time of six (6) months until 4 August 2020 to comply with the Required Public Spread.



As at 31 December 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 is exploring various options including:



1. Discussing with the Company’s major shareholders on the possibility of selling-down its shareholding to public shareholders;



2. Engaging with investment banks to identify potential public investors to increase public spread via a private placement; and



3. Intensifying communication with potential investors, analysts, research houses and shareholders to instil investor confidence and create better awareness and understanding of the Company’s business to increase take up of shares while retaining public shareholders in the Company.



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 25 February 2020.

Posted by Superb99 > 2020-03-10 11:37 | Report Abuse

keeps dropping...0.16...

Posted by Victor Yong > 2020-03-10 11:55 | Report Abuse

direct biz transactions from day 1 :)

History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
25/02/2020 00:00:00 0.2000 -0.0400 15,620 15,620 3,124 3,124 0.2000 0.0011 -
10/02/2020 00:00:00 0.2000 -0.0650 39,050 46,860 7,810 9,372 0.2000 0.0027 -
10/02/2020 00:00:00 0.2000 -0.0650 7,810 46,860 1,562 9,372 0.2000 0.0005 -
06/11/2019 00:00:00 0.3400 0.1400 1.500m 1.500m 510,000 510,000 0.3400 0.1030 -
03/10/2019 00:00:00 0.2200 0.0200 320,210 320,210 70,446 70,446 0.2200 0.0220 -
19/09/2019 00:00:00 0.2200 -0.0050 7,810 62,480 1,718 13,745 0.2200 0.0005 -
19/09/2019 00:00:00 0.2200 -0.0050 15,620 62,480 3,436 13,745 0.2200 0.0011 -
19/09/2019 00:00:00 0.2200 -0.0050 39,050 62,480 8,591 13,745 0.2200 0.0027 -
13/06/2019 00:00:00 0.3300 -0.0050 4.800m 4.800m 1.584m 1.584m 0.3300 0.3294 -
10/06/2019 00:00:00 0.3250 -0.0100 6.840m 6.840m 2.223m 2.223m 0.3250 0.4694 -
03/06/2019 00:00:00 0.3300 -0.0300 7.000m 7.000m 2.310m 2.310m 0.3300 0.4804 -
25/01/2019 00:00:00 0.6600 0.0450 11.667m 11.667m 7.700m 7.700m 0.6600 0.8007 -
02/04/2018 00:00:00 0.8800 - 7.125m 19.018m 6.270m 16.736m 0.8800 0.4890 -
02/04/2018 00:00:00 0.8800 - 11.893m 19.018m 10.466m 16.736m 0.8800 0.8163 -
28/03/2018 00:00:00 0.8800 0.0100 7.125m 17.125m 6.270m 15.070m 0.8800 0.4890 -
28/03/2018 00:00:00 0.8800 0.0100 10.000m 17.125m 8.800m 15.070m 0.8800 0.6863 -
14/03/2018 00:00:00 0.8800 -0.0100 4.500m 4.500m 3.960m 3.960m 0.8800 0.3371 -
08/01/2018 00:00:00 0.8800 0.0350 230.116m 230.116m 202.502m 202.502m 0.8800 17.2400 -
04/08/2017 00:00:00 0.9000 -0.0650 1.000m 1.000m 900,000 900,000 0.9000 0.0749 -
02/08/2017 00:00:00 0.9000 -0.0300 2.000m 2.000m 1.800m 1.800m 0.9000 0.1498 -
25/01/2017 00:00:00 0.9000 -0.0550 85,100 85,100 76,590 76,590 0.9000 0.0064 -
24/01/2017 00:00:00 0.9000 -0.0550 100,000 100,000 90,000 90,000 0.9000 0.0075 -
23/01/2017 00:00:00 0.9000 -0.0500 100,000 100,000 90,000 90,000 0.9000 0.0075 -
19/01/2017 00:00:00 0.9000 -0.0400 100,000 100,000 90,000 90,000 0.9000 0.0075 -
18/01/2017 00:00:00 0.9000 -0.0400 100,000 100,000 90,000 90,000 0.9000 0.0075 -
16/01/2017 00:00:00 0.9000 -0.0550 100,000 100,000 90,000 90,000 0.9000 0.0075 -
03/01/2017 00:00:00 0.9000 -0.0800 100,000 100,000 90,000 90,000 0.9000 0.0075 -
30/12/2016 00:00:00 0.9000 -0.0100 100,000 100,000 90,000 90,000 0.9000 0.0075 -
29/12/2016 00:00:00 0.9000 -0.0100 100,000 100,000 90,000 90,000 0.9000 0.0075 -
28/12/2016 00:00:00 0.9000 0.0150 100,000 100,000 90,000 90,000 0.9000 0.0075 -
27/12/2016 00:00:00 0.9000 - 100,000 200,000 90,000 180,000 0.9000 0.0075 -
27/12/2016 00:00:00 0.9000 - 100,000 200,000 90,000 180,000 0.9000 0.0075 -
23/12/2016 00:00:00 0.9000 - 100,000 200,000 90,000 180,000 0.9000 0.0075 -
23/12/2016 00:00:00 0.9000 - 100,000 200,000 90,000 180,000 0.9000 0.0075 -
30/09/2016 00:00:00 1.2700 0.1400 500,000 500,000 635,000 635,000 1.2700 0.0375 -
02/06/2016 00:00:00 1.2800 0.0800 400,000 595,500 512,000 762,240 1.2800 0.0300 -
02/06/2016 00:00:00 1.2800 0.0800 195,500 595,500 250,240 762,240 1.2800 0.0146 -
27/01/2016 00:00:00 1.3800 0.1500 358,400 358,400 494,592 494,592 1.3800 0.0269 -
20/01/2016 00:00:00 1.3400 0.1100 437,000 437,000 585,580 585,580 1.3400 0.0327 -
15/10/2015 00:00:00 1.2200 0.0700 112.355m 317.594m 137.073m 378.780m 1.1927 8.4175 -
15/10/2015 00:00:00 1.1600 0.0100 94.081m 317.594m 109.134m 378.780m 1.1927 7.0484 -
15/10/2015 00:00:00 1.2200 0.0700 60.499m 317.594m 73.809m 378.780m 1.1927 4.5325 -
15/10/2015 00:00:00 1.1600 0.0100 50.659m 317.594m 58.764m 378.780m 1.1927 3.7953 -
02/10/2015 00:00:00 1.1500 - 20,000 20,000 23,000 23,000 1.1500 0.0015 -
02/12/2013 00:00:00 0.7150 -0.0100 30,000 30,000 21,450 21,450 0.7150 0.0127 -
14/01/2013 00:00:00 1.2100 - 1.000m 1.000m 1.210m 1.210m 1.2100 0.4237 Cross Trade
09/11/2010 14:51:23 0.9450 0.0500 85,000 85,000 80,325 80,325 0.9450 0.0360 Cross Trade
08/11/2010 16:18:55 0.8500 -0.0650 2.667m 2.667m 2.267m 2.267m 0.8500 1.1300 -
26/10/2010 16:21:44 0.8000 -0.0250 500,000 2.500m 400,000 2.000m 0.8000 0.2119 -
26/10/2010 16:20:54 0.8000 -0.0250 2.000m 2.500m 1.600m 2.000m 0.8000 0.8475 -

Summary from 26/10/2010 to 25/02/2020
Highest Price 1.3800 First Occurred on 27/01/2016
Lowest Price 0.2000 First Occurred on 10/02/2020
Highest Volume 230.116m First Occurred on 08/01/2018

Posted by Victor Yong > 2020-03-10 13:52 | Report Abuse

Just add in stages continuously, this is a blue chip Ayala owned company. :)

Posted by Victor Yong > 2020-03-10 15:28 | Report Abuse

Ayala Land explores partnerships with ASEAN property firms
October 15, 2018 | 12:05 am


AYALA LAND, Inc. (ALI) is in talks with a company in the ASEAN (Association of Southeast Asian Nations) region for potential partnerships in the real estate market.

“Meron na (We have one), we’re in discussions,” ALI Chief Financial Officer Augusto Cesar D. Bengzon told reporters when asked if they have a new partnership overseas, saying they are looking for a platform to grow through a company or local organization.

Mr. Bengzon declined to disclose further details, but noted the company is based in one of the 10 ASEAN countries.


“When we look at our international strategy, the focus is on ASEAN region, and potentially second tier China cities. Our preferred mode of entry is through a organizational company which will provide us the platform… You need local expertise, and therefore it’s best to partner with a local team that knows the market,” Mr. Bengzon explained.

He also added they prefer partnering with companies that already have a landbank.

This is the same strategy that ALI employed when it first planted its flag in Malaysia. The company initially purchased a 9.16% share in Malaysian firm MCT Bhd. in 2015, eventually increasing its stake to 72.31% last February. MCT is involved mainly in affordable residential condominium projects.

“We’ve installed the CEO (chief executive officer) and from what we are seeing, there are also quite a number of opportunities in Malaysia and we’re quite optimistic that the local team will be able to grow the company,” Mr. Bengzon said.

ALI acquired last April through MCT a four-hectare property in Kuala Lumpur’s Klang Valley for P2 billion. It will be transformed into a mixed use development, with 90% allotted for both horizontal and vertical residential projects. The remaining 10% will be developed into leasing spaces.

This will be MCT’s fourth project in Klang Valley, as it is also constructing Cybersouth, Cyberjaya, and One City in the area.

ALI generated a net income attributable to the parent by 18% to P13.5 billion in the first six months of 2018, as revenues likewise grew by 18% to P80.4 billion.


The company aims to hit a net income of P40 billion by 2020, or its so-called 2020 vision, with P20 billion from the residential segment and P20 billion from the leasing business. ALI would have to post a compounded annual growth rate of 17% in the next two years in order to achieve its goal.

ALI committed to spend P110.8 billion in capital expenditures this year as part of its 2020 vision, and also to take advantage of the booming residential market in the country. — Arra B. Francia

Posted by Superb99 > 2020-03-10 15:41 | Report Abuse

klse up 20pts but this company flat only...speechless

Posted by Victor Yong > 2020-03-10 15:57 | Report Abuse

MCT's PE 5+, Ayala Land pulak 22+ :)

Ayala Land PE Ratio : 22.44 (As of Today)
View and export this data going back to 2010. Start your Free Trial
As of today (2020-03-10), Ayala Land's share price is $0.95. Ayala Land's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2019 was $0.04. Therefore, Ayala Land's P/E ratio for today is 22.44.

Good Sign:

Ayala Land Inc stock PE Ratio (=18.88) is close to 10-year low of 18.22

During the past 13 years, Ayala Land's highest P/E Ratio was 49.08. The lowest was 12.09. And the median was 31.57.

Ayala Land's EPS (Diluted) for the three months ended in Sep. 2019 was $0.01. ItsEPS (Diluted) for the trailing twelve months (TTM) ended in Sep. 2019 was $0.04.

As of today (2020-03-10), Ayala Land's share price is $0.95. Ayala Land's EPS without NRI for the trailing twelve months (TTM) ended in Sep. 2019 was $0.04. Therefore, Ayala Land's PE Ratio without NRI ratio for today is 22.44.

During the past 13 years, Ayala Land's highest PE Ratio without NRI was 49.08. The lowest was 11.82. And the median was 31.57.

Ayala Land's EPS without NRI for the three months ended in Sep. 2019 was $0.01. Its EPS without NRI for the trailing twelve months (TTM) ended in Sep. 2019 was $0.04.

During the past 12 months, Ayala Land's average EPS without NRI Growth Rate was 13.20% per year. During the past 3 years, the average EPS without NRI Growth Rate was 18.20% per year. During the past 5 years, the average EPS without NRI Growth Rate was 18.70% per year. During the past 10 years, the average EPS without NRI Growth Rate was 21.20% per year.

During the past 13 years, Ayala Land's highest 3-Year average EPS without NRI Growth Rate was 29.30% per year. The lowest was 1.10% per year. And the median was 17.95% per year.

Ayala Land's EPS (Basic) for the three months ended in Sep. 2019 was $0.01. Its EPS (Basic) for the trailing twelve months (TTM) ended in Sep. 2019 was $0.04.

Ayala Land PE Ratio Historical Data
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.


Ayala Land Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 31.79 28.71 22.54 26.24 20.61

Ayala Land Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.19 20.61 21.80 24.31 23.11
Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Ayala Land PE Ratio Distribution
* The bar in red indicates where Ayala Land's PE Ratio falls into.


PE Ratio
Company Count
PE Ratio Industry Distribution
0.14
3.4
5.8
8.2
10.6
13
15.4
17.8
20.2
22.6
25
34636.93
0
25
50
75
100
GuruFocus.com
PE Ratio
Company Count
PE Ratio Sector Distribution
0.14
5
8
11
14
17
20
23
26
29
32
34636.93
0
50
100
150
200
GuruFocus.com
Ayala Land PE Ratio Calculation
The P/E ratio is the most widely used ratio in the valuation of stocks.

Ayala Land's P/E Ratio for today is calculated as

P/E Ratio = Share Price / Earnings per Share (Diluted) (TTM)
= 0.95 / 0.0423422799537
= 22.44

Ayala Land's Share Price of today is $0.95.
Ayala Land's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2019 was 0.0112780839129 (Dec. 2018 ) + 0.00989305606395 (Mar. 2019 ) + 0.0104866394278 (Jun. 2019 ) + 0.0106845005491 (Sep. 2019 ) = $0.04.


* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

It can also be calculated from the numbers for the whole company:

P/E Ratio = Market Cap / Net Income

There are at least three kinds of P/E ratios used by different investors. They are Trailing Twelve Month P/E Ratio or P/E (ttm), forward P/E, or PE Ratio without NRI. A new P/E ratio based on inflation-adjusted normalized P/E ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of P/E (ttm), the earnings per share used are the earnings per share over the past 12 months. For Forward P/E, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

Posted by Victor Yong > 2020-03-10 16:19 | Report Abuse

Property Development
Complementary Businesses
Construction
We currently have 422.7 acres of landbank for our
ongoing and future projects throughout the Klang Valley.
We are focused on delivering quality homes to the
broader market segment across all our developments.
Drawing on our Management’s collective expertise and
experience, we are focused on securing more landbank
at strategic areas and expand beyond our current
footprint.
We undertake complementary businesses to service
residents and locators at our completed developments.
Such businesses currently include the leasing of office
and retail space, provision of utilities and property
management services as well as a fitness centre at
One City.
We adopt an integrated development philosophy
centred around modular construction technology. For
any products, we are well-positioned to be flexible and
agile to evolve with changing trends. We blend in-house
expertise together with ideas from external consultants
which will not preclude us from looking outwards to
develop better projects.

Posted by Victor Yong > 2020-03-10 16:21 | Report Abuse

LIST OF PROPERTIES
COMPANY / ADDRESS
LAND AREA
(ACRES) EXISTING USE TENURE
REMAINING
USEFUL LIFE
YEAR OF ACQUISITION/
YEAR OF COMPLETION*
NET BOOK VALUE AS AT
31 DEC 2018 (RM)
NEXT DELTA SDN. BHD.
Lot 72024, Pekan Country
Height, Daerah Petaling,
Selangor Darul Ehsan
5.61 Land Held for
Development
Freehold NA 09.11.2018 143,000,000
Lot 72025, Pekan Country
Height, Daerah Petaling,
Selangor Darul Ehsan
3.51 Land Held for
Development
Freehold NA 09.11.2018
ONE CITY DEVELOPMENT SDN. BHD.
Lot 81278, Mukim
Damansara, Daerah Petaling,
Selangor Darul Ehsan
14.35 One City Phase 3
(Land held for
development)
Freehold NA 1998 10,907,612
Lot 91374 Mukim
Damansara, Daerah Petaling,
Selangor Darul Ehsan
2.90 One City Phase 3
(Land held for
development)
Freehold NA 2012 2,592,388
THE PLACE PROPERTIES SDN. BHD.
The Place@Cyberjaya, Jalan
Teknokrat 1/1, Cyberjaya,
63000 Selangor Darul Ehsan
10.52 Basement carpark
and retail lots
Freehold NA 31.03.2015* 29,479,171
Sky Park@One City, Jalan
USJ 25/1, 47650 Subang
Jaya, Selangor Darul Ehsan
2.22 Retail lots Freehold NA 16.12.2013* 47,738,000
TIMELESS HECTARES SDN. BHD.
Lot 0108632, Mukim
Dengkil, Daerah Sepang,
Selangor Darul Ehsan
23.10 Lakefront (Land under
development)
Freehold NA 25.03.2011 34,506,960
Lot 0108633, Mukim
Dengkil, Daerah Sepang,
Selangor Darul Ehsan
15.96 Lakefront (Land under
development)
Freehold NA 25.03.2011
Lot 0108634, Mukim
Dengkil, Daerah Sepang,
Selangor Darul Ehsan
18.78 Lakefront (Land under
development)
Freehold NA 25.03.2011 24,845,000
Lot 0108636, Mukim
Dengkil, Daerah Sepang,
Selangor Darul Ehsan
2.15 Lakefront (Land under
development)
Freehold NA 25.03.2011

Posted by Victor Yong > 2020-03-10 16:21 | Report Abuse

LIST OF PROPERTIES (Contd.)
COMPANY / ADDRESS
LAND AREA
(ACRES) EXISTING USE TENURE
REMAINING
USEFUL LIFE
YEAR OF ACQUISITION/
YEAR OF COMPLETION*
NET BOOK VALUE AS AT
31 DEC 2018 (RM)
SOLID BENEFIT SDN. BHD.
Lot 104161 Mukim Dengkil,
Daerah Sepang, Selangor
Darul Ehsan
73.83 Cybersouth
(Land held for
development)
Leasehold
expiring
01.02.2104
86 2008 5,259,154
Lot 104162 Mukim Dengkil,
Daerah Sepang, Selangor
Darul Ehsan
124.47 Cybersouth
(Land held for
development)
Leasehold
expiring
01.02.2104
86 2008 8,866,407
Lot 104163 Mukim Dengkil,
Daerah Sepang, Selangor
Darul Ehsan
54.51 Cybersouth
(Land held for
development)
Leasehold
expiring
01.02.2104
86 2008 3,882,214
Lot 104164 Mukim Dengkil,
Daerah Sepang, Selangor
Darul Ehsan
48.65 Cybersouth
(Land held for
development)
Leasehold
expiring
01.02.2104
86 2008 3,465,500
Lot 47955 Mukim Dengkil,
Daerah Sepang, Selangor
Darul Ehsan
115.5 Cybersouth
(Land held for
development)
Leasehold
expiring
01.02.2104
86 2009 8,226,733
SOLID RECOMMENDATION SDN. BHD.
Lot 47336 Mukim Dengkil,
Daerah Sepang, Selangor
Darul Ehsan
11.13 Skypark@Cyberjaya
(Land under development)
Freehold NA 22.09.2010 43,160,000
VISTA GLOBAL DEVELOPMENT SDN. BHD.
Lot PT12016, Mukim
Dengkil, Daerah Sepang,
Selangor Darul Ehsan
7.20 Cyber ONE
(Land held for investment)
Freehold NA 20.09.2013 31,371,912

Posted by Victor Yong > 2020-03-10 16:26 | Report Abuse

Coronavirus patient’s recovery

Another positive news is that Coronavirus patients are fast recovering in China.

The number of Chinese patients who have recovered from the coronavirus is greater than the number who are still being treated.
The tipping point came in late February, and has held – as of March 6 there have been 53,880 recoveries in China, compared to 23,676 outstanding infections.
The tipping point came around the end of February, according to data compiled by Johns Hopkins University, and has continued strongly since as more and more people get better.

You may like to see a report by CIMB that checks on the ''back-to-work'' status in major cities of China and the news that mention China's ports are clearing after they are back to work. (https://www.reuters.com/article/us-china-health-ports-graphic/chinas-top-container-ports-unclog-backlog-as-virus-curbs-ease-idUSKCN20L0V5)

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

Malaysia's properties are cheap properties for singaporeans to retire, etc with HSR even better :)

S$1=RM3+++.

MALAYSIA
Fitch unit sees KL-Singapore High Speed Rail back on track soon
Thursday, 13 Feb 2020 05:58 AM MYT

BY JUSTIN ONG

A child plays the role of a train captain in KL-Singapore HSR project exhibition at NU Sentral, Kuala Lumpur, June 15, 2016. ― Picture by Saw Siow Feng
A child plays the role of a train captain in KL-Singapore HSR project exhibition at NU Sentral, Kuala Lumpur, June 15, 2016. ― Picture by Saw Siow Feng
KUALA LUMPUR, Feb 13 ― Malaysia and Singapore are likely to revive the suspended high-speed rail link between the two countries in the “short term”, Fitch Macro Solutions Research predicted.

The Fitch Group unit said the economic benefits of the Kuala Lumpur-Singapore High Speed Rail (HSR) were too great to ignore, adding that there was a strong business case to proceed with the project that was deferred due to its high cost.


It noted that the Pakatan Harapan government has reversed its decisions to suspend or cancel other major developments, including Bandar Malaysia that would benefit from the HSR.

“We also see scope for a reduction of overall project cost, which will go well with the Malaysian government as it seeks to reduce the financial burden of the project on its balance sheet,” the research house said in its note.


The price tag for the project rose significantly over the years, going from RM43 billion during its announcement to an estimated RM110 billion at the time it was suspended.


Fitch Macro Solution’s point about cost-cutting will strike a chord with the PH administration, which has embarked on cost-cutting exercises after coming into power and discovering the extent of the country’s financial difficulties.

Among others, it has renegotiated several transportation projects to arrive at discounted prices that will save the country tens of billions on paper.

These include the East Coast Rail Link (ECRL), the MRT Sungai Buloh-Serdang-Putrajaya (MRT2), the Light Rail Transit line 3 (LRT3), and most recently, the Pan Borneo Highway.

The research house further predicted that the HSR could be brought back as part of the government’s larger plan to prop up the local economy that has been battered by the US-China trade war as well as the novel coronavirus (Covid-19) outbreak this year.

Finance Minister Lim Guan Eng previously disclosed that the government was planning a stimulus package to mitigate the effects of both, and Fitch Macro Solutions predicted that this would include funds to reignite the HSR project.

“Even if that is absent, the revival of the project will bring about a heightened level of foreign direct investment, as well as construction activity, which could both feed through to economic growth.”

Announced in 2010, the high-speed rail link was set to cover the 350 kilometres between Singapore and Kuala Lumpur, cutting travel time to just 90 minutes instead of 11 hours by regular rail.

In September 2018, Malaysia and Singapore agreed to delay the project that the former initially planned to cancel entirely due to its cost.

The project is now scheduled to begin operations in 2031 instead of 2026 as originally agreed.

Posted by Victor Yong > 2020-03-10 16:30 | Report Abuse

Last September, Singapore and Malaysia formally agreed to postpone the construction of the HSR until end-May 2020, with Malaysia having to pay Singapore S$15 million for costs incurred in suspending the project.

A few months later, the Malaysian company managing the project said it had appointed technical and commercial consultants to review proposed design changes and identify options to cut cost.

Posted by Victor Yong > 2020-03-10 16:41 | Report Abuse

HSR restarts, virus tackled, politics more stable, boosting prop stock :)

Posted by valensi88 > 2020-03-10 18:48 | Report Abuse

Disposed on 5th March.

Posted by Victor Yong > 2020-03-11 08:57 | Report Abuse

Rebound balik Hari ni :)

News of the coronavirus outbreak is broadcast as traders work on the floor of the New York Stock Exchange (NYSE) in New York City, yesterday

NEW YORK: Wall Street roared back to life on Tuesday, rebounding from the brink of bear market confirmation as bargain-hunting and hopes of government stimulus calmed investors' fears surrounding the coronavirus and growing signs of imminent recession.

All three major indexes jumped nearly 5% the day after equities markets suffered their biggest one-day losses since the 2008 financial crisis.

Still, the S&P 500 and the Nasdaq ended the session about 15% below the record closing highs reached on Feb. 19. Sinking beyond the 20% mark would confirm a bear market.

U.S. President Donald Trump said he will take "major steps" to allay market fears by asking Congress for a fiscal stimulus package to include a payroll tax cut, among other measures.

"Coming off yesterday, you've got short-term bargain-hunters coupled with potential fiscal stimulus hopes," said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana.

"It may be the biggest benefit is not actually what's getting done - it's that there appears to be a plan," Carlson added. "There does appear to be a willingness to do something, and that's probably what's helping the market."

Market participants largely expect the U.S. Federal Reserve to cut interest rates for the second time this month at the conclusion of next week's two-day monetary policy meeting.

Outside the United States, major world economies took steps to cushion the effects of the fast spreading COVID-19.

Global markets have been rattled in recent weeks by the rapidly spreading coronavirus, which has caused widespread supply chain disruption, hobbled the travel industry and prompted drastic containment measures in Italy and elsewhere.

Market uncertainties surrounding COVID-19 were exacerbated over the weekend as Saudi Arabia and Russia scrapped their supply pact and pledged to increase crude oil production.

But oil prices rebounded from Monday's largest percentage drop since the 1991 Gulf War, with front-month Brent crude rising 10.0% after Russia indicated it was open to talks with OPEC.

Energy stocks <.spny> bounced back from their worst decline on record, advancing 5.0%.
The Dow Jones Industrial Average <.dji> rose 1,167.14 points, or 4.89%, to 25,018.16, the S&P 500 <.spx> gained 135.67 points, or 4.94%, to 2,882.23 and the Nasdaq Composite <.ixic> added 393.58 points, or 4.95%, to 8,344.25.
All 11 major sectors of the S&P 500 closed higher, led by tech <.splrct> and rate-sensitive financial <.spsy> shares.
Financials jumped 6.0% after suffering their worst day in more than a decade as U.S. Treasury yields rebounded from record lows.

United Parcel Service Inc gained 6.5% as Stifel upgraded its shares to "buy," while Amazon.com Inc rose 5.1% on Cowen & Co's price target increase.

Shares of Chevron Corp and Marathon Oil Corp rose 5.3% and 21.2%, respectively, after the oil companies and their peers announced cost reduction efforts to combat plunging crude prices.

Advancing issues outnumbered declining ones on the NYSE by a 2.61-to-1 ratio; on Nasdaq, a 2.06-to-1 ratio favored advancers.

The S&P 500 posted three new 52-week highs and 100 new lows; the Nasdaq Composite recorded eight new highs and 578 new lows.

Volume on U.S. exchanges was 15.81 billion shares, compared with the 11.52 billion average over the last 20 trading days. - Reuters

Posted by Victor Yong > 2020-03-11 09:00 | Report Abuse

Another way for Ayala MCT to resolve shareholdings issue is to acquire undervalued related biz companies by issuing MCT shares to dilute all substantial shareholders punya shareholdings :)

M&A is another way to resolve shareholdings issue something like uem-sunrise.

Either delist and relist later or M&A . Going to be interesting for Ayala MCT :)

Posted by Victor Yong > 2020-03-11 09:07 | Report Abuse

The property sector has a lot of potentials to rebound :)

KUALA LUMPUR, March 27 2017 : Ninety three per cent of Malaysians who do not own houses, except to do so in the next five years, according to the findings of a survey conducted by HSBC Holdings plc, London.

The increasing supply of affordable houses and transport infrastructure by property developers, would help stabilise property prices over this period, said the survey titled, “Beyond the Brick”.

The findings are based on a survey of 9,000 home owners and non-home owners in Australia, Canada, China, France, Malaysia, Mexico, United Arab Emirates, United Kingdom and the United States.

The respondents gave their feedback on home ownership prospects, the changing role of houses and the pitfalls of budgeting.

Head of Retail Banking and Wealth Management Lim Eng Seong said in the past decade Malaysia has seen a steep hike in property prices, but as of last year, it had remained somewhat flat.

“Houses in the mid-tier property sector, ranging below RM500,000, is in high-demand among millennial seeking to purchase their first home,” he told a press conference after releasing the findings of the survey.

However, millennial found themselves to be unable to purchase houses because of rising property prices amid slow salary increments.

The study also highlighted that 75 per cent of the millennial intended to purchase a house but had not yet saved enough for a down payment and 43 per cent held back because they cannot afford to buy the type of property they liked.

In view of the lack of cash to afford a house, 62 per cent of the millennial considered spending less on leisure, 41 per cent were prepared to buy a smaller place and 23 per cent considered buying property with a family member.

The HSBC research identified four actions that millennial can undertake to make house ownership a reality.

“Plan early and do not underestimate the deposit, budget beyond the purchase price, reconsider daily expenses and get a full view of your finances.

“Such examples include, saving for the deposit early, budgeting extra items that make your house a home and seek professional financial advice to help make the right choices,” Lim said. – Bernama

Posted by Victor Yong > 2020-03-11 09:30 | Report Abuse

Grab some before sudden nonstop surge :)

March 11): The equity rally was set to build in Asia following a strong rally on Wall Street as investors assessed the Trump administration’s planned stimulus measures to counter the coronavirus impact in the wake of recent market turmoil. Treasuries and the yen tumbled, while oil jumped.

Futures were modestly higher in Japan, Hong Kong and Australia after the S&P 500 Index surged almost 5%, ending a topsy-turvy day. President Donald Trump and his team are looking at measures including cutting payroll taxes and aiding ailing businesses like airlines and cruise operators. The 10-year Treasury yield soared above 0.8% following Monday’s plunge and the yen declined through 105 per dollar. Oil rose 10%.

Volatility continued to grip global financial markets rattled by the virus and an all-out oil price war. U.S. stocks plunged the most since 2008 on Monday, and further selling took futures 20% from records before the rally sparked by Trump’s promise for action Tuesday. Currency and bond markets also witnessed a wild ride, with Treasury yields recovering some of the losses that dragged them down to all-time lows.

“We are strongly advocating do not sell in panic and fear because nobody really knows what the extent of the virus will be or the price war on oil,” Sandip Bhagat, chief investment officer at Whittier Trust, told Bloomberg TV. “We know the repricing to this new reality will be slow, will be painful and it will take a long time.”

Here are some key events coming up:

The European Central Bank’s policy decision comes Thursday amid expectations it may ease policy.
The U.K. Chancellor of the Exchequer unveils the government’s 2020 budget on Wednesday.
The U.S. core consumer price index, due Wednesday, is expected to remain subdued in February.

Here are the main moves in markets:
Stocks

The S&P 500 index rose 4.9% on Tuesday.
Futures on Japan’s Nikkei 225 advanced 0.7%.
Hang Seng Index futures added 0.2%.
Futures on Australia’s S&P/ASX 200 Index rose 0.6%.

Currencies

The yen was at 105.52 per dollar after sliding 3.2%.
The offshore yuan was at 6.9641 per dollar.
The Australian dollar dipped to 64.99 U.S. cents.

Bonds

The yield on 10-year Treasuries rose about 26 basis points to 0.80%.

Commodities

West Texas Intermediate crude climbed 10% to $34.36 a barrel.
Gold was at $1,648.21 an ounce.

Posted by Victor Yong > 2020-03-11 09:36 | Report Abuse

If not privatised, hope MCT Ayala will use the retained earnings rm400mil+ to carry out share buyback before issuing shares to acquire local or foreign in Malaysia or abroad :)

Posted by Victor Yong > 2020-03-11 09:37 | Report Abuse

Alternatively, declare special dividend to use up the retained earnings rm400mil+ before issuing shares to acquire other companies :)

Posted by Victor Yong > 2020-03-11 09:39 | Report Abuse

During the AGM, shareholders will urge MCT to pay dividend if privatisation is delayed, etc :)

Posted by Victor Yong > 2020-03-11 09:44 | Report Abuse

Retained earnings @ ~RM435mil, issued shares~1,456mil,

Special dividend allowable~ RM435mil/1456mil= ~29.9sen per share.

Greatly undervalued, current share price

Posted by Victor Yong > 2020-03-11 10:02 | Report Abuse

Would history repeat? :)


MCT Bhd (-ve)

PROPERTY developer MCT Bhd (fundamental: 1.4/3, valuation: 1.5/3), whose share trading volume surged to 36.99 million shares yesterday — 41 times the counter’s 200-day average of 901,479 shares — made it into our Stocks with Momentum list for the first time this year.

While it was unclear what drove the interest in the stock, its share price has staged a slight rebound after hitting a record low of 20 sen last month. It closed at 37.5 sen yesterday, up eight sen or 27.12% from last Friday, but still down 50% year to date.

For the cumulative nine months ended Sept 30, 2019, the group booked a net profit of RM26.88 million on a revenue of RM350.46 million, largely driven by an upswing in its overall construction progress to hand over 3,000 units across four projects by the first half of 2020.

The outlook is positive, MCT said in its latest result announcement, as it is planning several key launches in the Cybersouth project by the first quarter of next year.

Posted by Victor Yong > 2020-03-11 10:16 | Report Abuse

Few days ago, Short selling macam dayang adakah? :) Kini uptrend, recovery balik :)

Date Close
10/03/2020 0.17
09/03/2020 0.17
06/03/2020 0.21
05/03/2020 0.215
04/03/2020 0.22
03/03/2020 0.215
02/03/2020 0.215
28/02/2020 0.215
27/02/2020 0.225
26/02/2020 0.225
25/02/2020 0.245
24/02/2020 0.24
21/02/2020 0.26
20/02/2020 0.265
19/02/2020 0.27
18/02/2020 0.28
17/02/2020 0.285

Posted by LuckyStorm > 2020-03-11 10:59 | Report Abuse

What is the outcome of dispute land of seafield temple?
The land unable to develop in future, any financial lose to MCT?

Posted by DickyMe > 2020-03-11 11:00 |

Post removed.Why?

Posted by Victor Yong > 2020-03-11 11:02 | Report Abuse

only about 0.5%~7mil shares not in the hand of the top 30 sharesholders... the recent deep fall in share price could be due to shortselling like dayang. Rebound like dayang? :)

so early, volume is about 4mil shares traded ... more to come :)

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

Posted by Victor Yong > 2020-03-11 11:05 | Report Abuse

would bursa announces shortselling is not allowed for mct like dayang if any? strongly believe mct will stage a strong rebound anytime :) back to 20sen++ to 30sen++

Posted by DickyMe > 2020-03-11 11:06 | Report Abuse

No short selling,
Expect KLCI drop further low.

Posted by Victor Yong > 2020-03-11 11:19 | Report Abuse

5mil shares,+ traded... If not from short selling, tak tau lah :)

Posted by Victor Yong > 2020-03-11 11:24 | Report Abuse

Beli sekarang, jika Ada shortselling, shortsellers close position sebelum 5pm, Naik gila nanti :)

Posted by Victor Yong > 2020-03-11 11:32 | Report Abuse

6mil shares + traded so fast :)

Posted by Victor Yong > 2020-03-11 11:34 | Report Abuse

So early 6mil shares + traded. Something is boiling today :)

Date Close Volume
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
17/02/2020 0.285 4,958,900

Posted by Victor Yong > 2020-03-11 11:40 | Report Abuse

Would Ayala carry out share buyback regardless of shareholdings issue like bjland and resolve later? Interesting development :)

Posted by Victor Yong > 2020-03-11 11:41 | Report Abuse

Would new substantial shareholder emerge? :) Who is the buyer and seller for such heavy volume this morning? :)

Posted by Victor Yong > 2020-03-11 11:46 | Report Abuse

What if tabung haji's stake in MCT ~10% sold to simeprop and let ayala work with sime Darby in property sector in Malaysia and the region? 2 largest property players in the respective countries.

Ayala could swap mct shares with simeprop too? :)

Posted by bottomtrawler > 2020-03-11 11:48 | Report Abuse

Victor you are very creative, but i like.

Posted by LuckyStorm > 2020-03-11 11:58 | Report Abuse

Victor, the top 30 shareholder is last year record. Wait for next month annual report then you will have latest data

Posted by LuckyStorm > 2020-03-11 12:09 | Report Abuse

URUSHARTA JAMAAH SDN. BHD. (a substantial shareholder) disposed 1,215,300 shares on 05-Mar-2020.
I think the substantial shareholder disposed share is one of the reason i can buy at such low price.

Posted by DickyMe > 2020-03-11 12:12 |

Post removed.Why?

Posted by Victor Yong > 2020-03-11 12:17 | Report Abuse

About 7mil shares traded now. Ayala should use the retained earnings or profits~rm435mil@31.12.2019 to buyback shares as many as possible like bjland did to maximize shareholders' value. Resolve shareholdings issue later either m&a or delist/relist

Posted by John Ha Tung Soon > 2020-03-11 12:23 | Report Abuse

what is m&a?

Posted by valensi88 > 2020-03-11 12:31 | Report Abuse

merge & acquisition i believe

Posted by Victor Yong > 2020-03-11 14:12 | Report Abuse

Saya pun tak faham, ITU traded shares begitu Banyak datang Dari mana kalau bukan shortselling :)

Posted by Victor Yong > 2020-03-11 14:35 | Report Abuse

7.5mil shares + traded now :) more n more interesting

Posted by Victor Yong > 2020-03-11 14:57 | Report Abuse

> than 0.5% of the total issued shares traded as at now :)

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

:)

QUESTIONS RAISED BY SHAREHOLDERS
Mr. Leo Ann Puat (“Mr. Leo”), a proxy, thanked the newly appointed Chief Executive
Officer (“CEO”) of the Company, Mr. Teh Heng Chong for a comprehensive presentation
with a focus on the past and current financial performance of the Company, the new board
composition and the future outlook of the Company. Before proceeding to raise questions,
he welcomed all new on-board Directors of the Company. Mr. Leo went on to express that
he is of the view that the newly minted Management possesses the capabilities to take the
Company to greater heights in the near future.
He then raised the following questions to the Board of Directors (“Board”):
Question 1:
Based on the presentation on the outlook of the Company for 2019 and next subsequent
years, with the two ongoing projects namely Lakefront and Cybersouth, would the
Company be able to sustain its revenue in 2019?
Response by the CEO: With a good grasp of consumers’ demands and requirements, we
have succeeded in developing the right products to meet market demands. A number of
the units in Cyberjaya projects have achieved encouraging take-up rates of more than
90%. Our development projects based in Dengkil, with a focus on landed properties, have
recorded 100% sales thus far for three of our existing phases. The remaining unsold
stocks is less than RM1 billion. As it stands, there are approximately 300 to 400 units
pending conversion (awaiting approval of the bank loans for the buyers to formally take
up these units). It is the aim of the Company to dispose of all remaining stocks by the
end of 2019.
Further to that, the Company is currently targeting three new launches poised to take
place by the end of 2019. For these new launches, the Company is estimating to rake in
approximately RM600 to RM700 million in sales revenue.
With all that being said, the Company has a rather positive outlook in terms of sustaining
its sales revenue both for 2019 and in coming years.
Question 2:
Assuming the Company is successful in recording an increase in profits in the coming
years, would the Company pay out dividends to its shareholders?
Response by the CEO: For now, the Company is still at a growing stage. It is the
Company’s intention to be able to reward its shareholders in the near future.

Posted by Victor Yong > 2020-03-11 16:05 | Report Abuse

Question 3:
Just for clarification, the Company’s future development located at Metropark Subang is
at an area where one other development by Tropicana that seems to have a hard time to
dispose of despite aggressive advertising and marketing. From your point of view, would
the Company face similar challenges in the near future?
Response by the CEO: As the township in the Metropark Subang area has significantly
matured over time, the completion of various infrastructure & amenities within the
development such as the direct interchange from the Federal Highway, the 10-acre
Central Park and the Gems International School has transformed this location to be
attractive to homeowners, we are confident over the prospects of our project. Additionally,
we have also differentiated our products compared to the one sold by Tropicana, whereby
we have diversified our type of offerings to include low rise condominiums. The Company
is rather optimistic that this said development located at Metropark Subang would sell
well.
Question 4:
With reference to the segmental reporting in the Audited Financial Statements of the
Company for the financial period ended 31 December 2018, there are two categories
namely property development and construction. From the report, no revenue was
recorded under construction arm of the Company for the financial period from 1 July 2018
to 31 December 2018. What is the intention of the Company in the near future for its
construction sector?
Response by the CEO: The Company has an internal construction team that has carried
out most of the Company’s developments thus far. However, to achieve greater heights
in terms of growth and profits in the near future, the Company has to partly outsource its
construction works to external parties to achieve its long-term goals in a timely manner.
As such, the Company shall continue to juggle between both the internal and external
construction team.
Mr. Leo took note of the explanation provided by Mr. Teh and apologised for the
misunderstanding, thinking that the construction arm of the Company was a business unit
by itself, set up with the view of generating income for the Company.
Mr. Alvin Chan Kam Yu (“Mr. Chan”), a shareholder, put forward the following question
to the Board:
Question 1:
What is the occupancy rate of One City Mall?
Response by the CEO
For the purpose of clarification, the Company does not own the said mall. We were merely
the developer of the mall. To answer your question, the mall is not fully occupied at this
point in time.