KLSE (MYR): AVALAND (5182)
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Last Price
0.29
Today's Change
0.00 (0.00%)
Day's Change
0.285 - 0.295
Trading Volume
924,900
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Posted by Good123 > 2020-09-25 13:04 | Report Abuse
mct has more than rm400mil cash position @30.6.2020 as per QR
Posted by fruitcake > 2020-09-25 14:33 | Report Abuse
thanks good123. WAH, buy like hell now
Posted by mikeann > 2020-11-08 15:08 | Report Abuse
Stock has been consolidating for the past few weeks.
Buying at basement price of 0.165- 0.17, the risk to reward ratio is in buyer's favour.
Rebound imminent. Trending up.
Immediate resistance at 0.235
Posted by Victor Yong > 2020-11-11 15:52 | Report Abuse
Cash ~rm420mil .., solid
BERHAD 200901038653 (881786-X) Incorporated In Malaysia
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE QUARTER ENDED 30 JUNE 2020
CASH FLOWS FROM/(USED IN) INVESTING ACTIVITIES
Proceeds from disposal of property, plant and equipment Proceeds from disposal of assets held for sale
Interest received
Additions to:
Investment properties
Property, plant and equipment
Inventories - Land held for property development
Fixed deposits with maturity period more than 90 days Net Cash Used In Investing Activities
CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES
Proceeds from bank borrowings Proceeds from lease liabilities Repayment of:
Term loans
Lease liabilities
Hire purchase payables
Finance costs paid
Increase in amount owing to ultimate holding company
Net Cash (Used In)/From Financing Activities
NET INCREASE IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CASH AND CASH EQUIVALENTS AT END OF PERIOD
(UNAUDITED) 6 MONTHS ENDED 30-June-20 RM'000
1,099 - 3,657
(439) (3,863) (1,379) (13)
(938)
10,000 -
- (4,900) (161) (15,788) -
(10,849)
(49,664) 469,247 419,583
(AUDITED) 12 MONTHS ENDED 31-Dec-19
RM'000
351 47,000 8,291
(605) (16,188) (53,573) 1
(14,723)
19,950 167
(355,621) (10,888) - (17,122) 519,571
156,057
125,307 343,940 469,247
Posted by Victor Yong > 2020-11-11 15:53 | Report Abuse
Net Assets per share~60sen
Posted by Victor Yong > 2020-11-11 15:54 | Report Abuse
P/b value ~0.25x Cheap kan? MCT controlled by ayala . The largest Conglomerate in the Philippines
Posted by Victor Yong > 2020-11-11 16:03 | Report Abuse
Wow :)
Target Price RM0.190, RM0.200
Last closing price RM0.175
Potential return 8.5%, 14.2%
Support RM0.165
Stop Loss RM0.155
Possible for breakout. MCT is staging a potential breakout of its sideways channel. Corresponding RSI and MACD indicators remain healthy while trending sideways, with anticipation of continuous improvement in both momentum and trend in the near term. Should resistance level of RM0.190 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.200.
However, failure to hold on to support level of RM0.165 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 20 Oct 2020
Posted by Victor Yong > 2020-11-11 16:15 | Report Abuse
MCT banyak cash ~rm420mil boleh acquire other prop companies :)
Posted by Victor Yong > 2020-11-11 16:21 | Report Abuse
the group also said the government has taken various measures to stimulate the property market including the reintroduction of the "Home Ownership Campaign", stamp duty exemption and real property gains tax.
It said it is optimistic that such measures would help stimulate the Malaysian property market.
Posted by Victor Yong > 2020-11-11 16:31 | Report Abuse
Ayala might privatise MCT and acquire another local listed company and inject MCT into that acquired listed co or ipo for MCT at the right time in Future. Fingers crossed
Posted by Victor Yong > 2020-11-11 17:02 | Report Abuse
Harga semasa, peluang keemasan kot? :) sungguh memberangsangkan!!
MCTB Historical Data
Time Frame:
Monthly
11/22/2018 - 11/11/2020
Date Price Open High Low Vol. Change %
Nov 20 0.165 0.160 0.175 0.150 4.23M 3.13%
Oct 20 0.160 0.165 0.180 0.160 70.25M -5.88%
Sep 20 0.170 0.175 0.235 0.165 441.55M -5.56%
Aug 20 0.180 0.170 0.210 0.160 182.81M 5.88%
Jul 20 0.170 0.180 0.190 0.160 75.50M -5.56%
Jun 20 0.180 0.205 0.215 0.175 116.99M -12.20%
May 20 0.205 0.200 0.235 0.185 432.35M 0.00%
Apr 20 0.205 0.135 0.225 0.130 874.13M 51.85%####pulih kepada 20.5sen
Mar 20 0.135 0.215 0.230 0.070 293.70M -37.21%** Kerana PKP & jualan habis oleh Urusharta****************
Feb 20 0.215 0.255 0.295 0.210 99.91M -20.37%
Jan 20 0.270 0.315 0.365 0.270 243.94M -12.90%
Dec 19 0.310 0.305 0.410 0.300 290.25M 5.08%
Nov 19 0.295 0.200 0.340 0.195 99.14M 47.50%
Oct 19 0.200 0.205 0.240 0.195 19.45M -2.44%
Sep 19 0.205 0.260 0.260 0.205 10.37M -22.64%
Aug 19 0.265 0.330 0.330 0.260 4.16M -18.46%
Jul 19 0.325 0.315 0.355 0.270 6.44M 3.17%
Jun 19 0.315 0.355 0.360 0.300 2.90M -12.50%
May 19 0.360 0.460 0.460 0.355 12.53M -21.74%
Apr 19 0.460 0.525 0.565 0.450 22.81M -11.54%
Mar 19 0.520 0.660 0.665 0.520 2.47M -21.21%
Feb 19 0.660 0.650 0.660 0.605 33.80K 0.00%
Jan 19 0.660 0.745 0.750 0.600 152.30K -11.41%
Dec 18 0.745 0.700 0.770 0.620 60.80K 11.19%
Highest: 0.770 Lowest: 0.070 Difference: 0.700 Average: 0.307 Change %: -75.373
URUSHARTA JAMAAH SDN. BHD. 27-Mar-2020 Notice of Person Ceasing 7,051,071 0.000 View Detail
URUSHARTA JAMAAH SDN. BHD. 26-Mar-2020 Disposed 8,000,000 0.000 View Detail
URUSHARTA JAMAAH SDN. BHD. 24-Mar-2020 Transferred 12,712,381 0.000 View Detail
URUSHARTA JAMAAH SDN. BHD. 20-Mar-2020 Disposed 16,441,362 0.000 View Detail
URUSHARTA JAMAAH SDN. BHD. 20-Mar-2020 Disposed 7,011,371 0.000 View Detail
URUSHARTA JAMAAH SDN. BHD. 19-Mar-2020 Disposed 10,500,000 0.000 View Detail
URUSHARTA JAMAAH SDN. BHD. 19-Mar-2020 Disposed 2,916,200 0.000 View Detail
URUSHARTA JAMAAH SDN. BHD. 19-Mar-2020 Disposed 685,000 0.000 View Detail
URUSHARTA JAMAAH SDN. BHD. 18-Mar-2020 Disposed 1,600,000 0.000 View Detail
URUSHARTA JAMAAH SDN. BHD. 18-Mar-2020 Disposed 1,000,000 0.000 View Detail
URUSHARTA JAMAAH SDN. BHD. 17-Mar-2020 Disposed 1,529,100 0.000 View Detail
URUSHARTA JAMAAH SDN. BHD. 17-Mar-2020 Disposed 557,200 0.000 View Detail
URUSHARTA JAMAAH SDN. BHD. 16-Mar-2020 Transferred 69,918,095 0.000 View Detail
URUSHARTA JAMAAH SDN. BHD. 16-Mar-2020 Transferred 19,068,571 0.000 View Detail
URUSHARTA JAMAAH SDN. BHD. 16-Mar-2020 Transferred 12,712,382 0.000 View Detail
URUSHARTA JAMAAH SDN. BHD. 11-Mar-2020 Disposed 3,546,300 0.000 View Detail
URUSHARTA JAMAAH SDN. BHD. 10-Mar-2020 Disposed 1,305,600 0.000 View Detail
URUSHARTA JAMAAH SDN. BHD. 05-Mar-2020 Disposed 1,215,300 0.000 View Detail
Posted by Victor Yong > 2020-11-11 17:05 | Report Abuse
Tan Sri Dato’ Sri Abi Musa
Asa’ari Bin Mohamed Nor
Independent Non-Executive
Director and Chairman
Tan Sri Dato’ Hj. Abd Karim
Bin Shaikh Munisar
Independent
Non-Executive Director
Lao Chok Keang
Independent
Non-Executive Director
Bernard Vincent
Olmedo Dy
Non-Independent
Non-Executive Director
Anna Maria Margarita
Bautista Dy
Non-Independent
Non-Executive Director
Jaime Alfonso Antonio Eder
Zobel de Ayala
Non-Independent
Non-Executive Director
(Appointed on 1 June 2020)
Ma. Luisa Dioquino Chiong
Non-Independent
Non-Executive Director
(Resigned on 31 May 2020)
Teh Heng Chong
Executive Director and
Chief Executive Officer (“CEO”)
Apollo Bello Tanco
Executive Director and
Chief Operating Officer
(“COO”)
Posted by Victor Yong > 2020-11-11 17:06 | Report Abuse
Company/Address
Land area
(acres) Existing use Tenure
Remaining
useful life
(years)
Year of acquisition/
Year of completion*
Net book value as
at 31 December
2019 (RM)
Next Delta Sdn Bhd
Lot 72024, Pekan Country
Height, Daerah Petaling,
Selangor Darul Ehsan
5.6 Alira
(Land held for
development)
Freehold NA 9.11.2018 143,000,000
Lot 72025, Pekan Country
Height, Daerah Petaling,
Selangor Darul Ehsan
3.5 Alira
(Land held for
development)
Freehold NA 9.11.2018
One City Development Sdn Bhd
Pt 35474, Mukim Damansara,
Daerah Petaling,
Selangor Darul Ehsan
1.0 One City
Phase 3
(Land held for
development)
99 years 91 1998 13,500,000
Pt 567, Pekan Subang Jaya,
Daerah Petaling,
Selangor Darul Ehsan
1.0 One City
Phase 3
(Land held for
development)
99 years 91 1998
Lot 92353, Mukim Damansara,
Daerah Petaling,
Selangor Darul Ehsan
17.3 One City
Phase 3
(Land held for
development)
Freehold NA 2012
The Place Properties Sdn Bhd
The Place@Cyberjaya, Jalan
Teknokrat 1/1, Cyberjaya,
63000 Selangor Darul Ehsan
10.5 Basement
carpark and
retail lots
Freehold NA 31.03.2015* 29,391,933
Sky Park@One City, Jalan USJ
25/1, 47650 Subang Jaya,
Selangor Darul Ehsan
2.2 Retail lots Freehold NA 16.12.2013* 45,000,000
Timeless Hectares Sdn Bhd
Lot 108632, Mukim Dengkil,
Sepang, Selangor Darul Ehsan
23.1 LakeFront
(Land under
development)
Freehold NA 25.03.2011 34,506,960
Lot 108633, Mukim Dengkil,
Sepang, Selangor Darul Ehsan
16.0 LakeFront
(Land under
development)
Freehold NA 25.03.2011
Lot 108634, Mukim Dengkil,
Sepang, Selangor Darul Ehsan
18.8 LakeFront
(Land under
development)
Freehold NA 25.03.2011 24,845,000
Lot 108636, Mukim Dengkil,
Sepang, Selangor Darul Ehsan
2.2 LakeFront
(Land under
development)
Freehold NA 25.03.2011
LIST OF PROPERTIES
102
MCT BERHAD
ANNUAL REPORT 2019 OTHER INFORMATION
Company/Address
Land area
(acres) Existing use Tenure
Remaining
useful life
(years)
Year of acquisition/
Year of completion*
Net book value as
at 31 December
2019 (RM)
Solid Benefit Sdn Bhd
Lot 104161, Mukim Dengkil,
Daerah Sepang,
Selangor Darul Ehsan
73.8 Cybersouth
(Land held for
development)
Leasehold
expiring
1.2.2104
85 2008
Posted by Victor Yong > 2020-11-11 17:06 | Report Abuse
Company/Address
Land area
(acres) Existing use Tenure
Remaining
useful life
(years)
Year of acquisition/
Year of completion*
Net book value as
at 31 December
2019 (RM)
Solid Benefit Sdn Bhd
Lot 104161, Mukim Dengkil,
Daerah Sepang,
Selangor Darul Ehsan
73.8 Cybersouth
(Land held for
development)
Leasehold
expiring
1.2.2104
85 2008 5,259,154
Lot 104162, Mukim Dengkil,
Daerah Sepang,
Selangor Darul Ehsan
124.5 Cybersouth
(Land held for
development)
Leasehold
expiring
1.2.2104
85 2008 8,866,407
Lot 104163, Mukim Dengkil,
Daerah Sepang,
Selangor Darul Ehsan
54.5 Cybersouth
(Land held for
development)
Leasehold
expiring
1.2.2104
85 2008 3,882,214
Lot 104164, Mukim Dengkil,
Daerah Sepang,
Selangor Darul Ehsan
48.7 Cybersouth
(Land held for
development)
Leasehold
expiring
1.2.2104
85 2008 3,465,500
Lot 47955, Mukim Dengkil,
Daerah Sepang,
Selangor Darul Ehsan
115.5 Cybersouth
(Land held for
development)
Leasehold
expiring
1.2.2104
85 2009 8,226,733
Solid Recommendation Sdn Bhd
Lot 47336, Mukim Dengkil,
Daerah Sepang,
Selangor Darul Ehsan
11.1 Skypark@
Cyberjaya
(Land under
development)
Freehold NA 22.09.2010 43,160,000
One Residence Sdn Bhd
PN 92831, Lot 89553,
Bandar Damansara,
Daerah Petaling,
Selangor Darul Ehsan
1.8 Aetas
(Land held for
development)
Leasehold
expiring
4.4.2109
90 21.08.2018 42,287,000
Posted by Victor Yong > 2020-11-11 17:07 | Report Abuse
ANALYSIS OF SHAREHOLDINGS
AS AT 29 MAY 2020
SHARE CAPITAL
Issued Share Capital : 1,456,995,471 ordinary shares
Types of Shares : Ordinary share
Voting Rights : One vote per ordinary share
DISTRIBUTION OF SHAREHOLDINGS
Size of Shareholding No. of Holders % of Holders No. of Holdings % of Issued Share Capital
Less than 100 73 1.82 1,882 0.00
100 to 1,000 568 14.16 195,048 0.01
1,001 to 10,000 1,322 32.97 8,547,571 0.59
10,001 to 100,000 1,715 42.77 67,461,094 4.63
100,001 to less than 5% of issued shares 329 8.21 415,587,461 28.52
5% and above of issued shares 3 0.07 965,202,415 66.25
TOTAL 4,010 100.00 1,456,995,471 100.00
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 CGS-CIMB Nominees (Asing) Sdn Bhd
- Pledged Securities Account for Regent Wise Investments Limited
230,115,574 15.79
4 CIMSEC Nominees (Tempatan) Sdn Bhd
- CIMB Bank for Tan Sri Dato’ Sri Goh Ming Choon (PBCL-0G0264)
66,700,000 4.58
5 Goh Meng Keong 48,667,000 3.34
6 Maybank Nominees (Tempatan) Sdn Bhd
- Pledged Securities Account for Dato’ Sri Tong Seech Wi
42,776,425 2.94
7 CIMSEC Nominees (Tempatan) Sdn Bhd
- CIMB for Ng Lee Ling (PB)
25,050,000 1.72
8 CIMSEC Nominees (Tempatan) Sdn Bhd
- CIMB for Lai Ming Chun @ Lai Poh Lin (PB)
22,340,790 1.53
9 Gan Jin Wei 20,847,900 1.43
10 Citigroup Nominees (Tempatan) Sdn Bhd
- Urusharta Jamaah Sdn Bhd (Franklin 1)
12,712,382 0.87
11 Maybank Nominees (Tempatan) Sdn Bhd
- Linbaq Holding Sdn. Bhd.
11,666,667 0.80
12 CGS-CIMB Nominees (Tempatan) Sdn Bhd
- Pledged Securities Account for Rickoh Corporation Sdn Bhd (MY0507)
7,134,000 0.49
13 Alliancegroup Nominees (Tempatan) Sdn Bhd
- Pledged Securities Account for Koh Kin Lip (7003423)
7,125,000 0.49
14 RHB Capital Nominees (Tempatan) Sdn Bhd
- Pledged Securities Account for Susy Ding (CEB)
7,000,000 0.48
15 Citigroup Nominees (Tempatan) Sdn Bhd
- Exempt An for AIA Bhd.
6,962,500 0.48
16 Susy Ding 6,700,000 0.46
17 HLB Nominees (Tempatan) Sdn Bhd
- Pledged Securities Account for Wong Yee Hui
5,500,000 0.38
18 CGS-CIMB Nominees (Tempatan) Sdn Bhd
- Pledged Securities Account for Loong Ding Tong (MY3120)
5,260,000 0.36
19 On Thiam Chai 3,500,000 0.24
20 Ung Yoke Hong 3,000,000 0.21
21 Yong Choo Kiong 3,000,000 0.21
22 47 Capital Sdn Bhd 2,400,000 0.16
23 Wan Yu Jin 2,200,000 0.15
24 RHB Nominees (Tempatan) Sdn Bhd
- Amara Investment Management Sdn Bhd for Wong Yee Hui
2,036,000 0.14
25 Lee Eng Hock & Co. Sendirian Berhad 2,000,000 0.14
26 Maybank Nominees (Tempatan) Sdn Bhd
- Pledged Securities Account for Ng Beng Hoo
2,000,000 0.14
27 Wong Kia Hong 1,900,000 0.13
28 Tan Eng Hsien 1,500,800 0.10
29 Goh Meng Keong 1,500,000 0.10
30 Kenanga Nominees (Tempatan) Sdn Bhd
- Pledged Securities Account for Yen Soon Ai
1,500,000 0.10
Posted by Victor Yong > 2020-11-11 17:08 | Report Abuse
Syabas, Ayala Land.
SUBSTANTIAL SHAREHOLDERS AS PER THE REGISTER OF SUBSTANTIAL SHAREHOLDERS
No. Name of Substantial Shareholders No. of Shares Held
Direct Interest % Indirect Interest %
1 Regent Wise Investments Limited 965,202,415 66.246 - -
2 Ayala Land, Inc.(1) - - 965,202,415 66.246
Note:
(1) Deemed interested in the shares held by Regent Wise Investments Limited pursuant to Section 8(4) of the Companies Act, 2016.
Posted by Victor Yong > 2020-11-11 17:15 | Report Abuse
James Ng @ Feb 2020
-----------------
[MCT BHD: the outlook for the Group is positive given that the Group is planning several key launches at the Cybersouth project by the first quarter of 2020; the focus will remain at residential properties that are priced between RM250,000 and RM750,000, with some commercial units to complement the completed projects]
This quarter:
The Group’s gross profit margin improved from 33% to 40% arising from savings in construction cost for Skypark @ Cyberjaya which was completed in 2018. The Group also completed the RM47 million disposal of land for development in Cyberjaya which recorded a gain on disposal of RM5 million for the current quarter under review. Due to the loan from the Company’s ultimate holding company of RM200 million, the Group recorded unrealised foreign exchange loss of RM2 million for Q3 2019. Consequently, the Group recorded profit after tax of RM18 million for the current quarter under review.
YTD19 vs YTD18:
Savings realised from SkyPark @ Cyberjaya coupled with the improvement of construction progress has contributed to the revenue and profit recognition for the period. Gross profit margin remained healthy at 34% whilst total expenses stood at 28% of revenue. The effective tax rate of 28% is higher than the statutory tax rate of 24% is mainly due to recognition of under-provision of taxes from prior years.
Prospects:
Under the recent Budget, it was announced that foreigners can now purchase overhang properties priced from RM600,000 onwards, which was reduced from the RM1 million threshold previously. Whilst such measures served to stimulate the property market, it would not affect the Group materially as the Group’s inventory of completed properties priced above RM600,000 is minimal.
Nonetheless, with the Group’s experience in residential development, the outlook for the Group is positive given that the Group is planning several key launches at the Cybersouth project by the first quarter of 2020. The focus will remain at residential properties that are priced between RM250,000 and RM750,000, with some commercial units to complement the completed projects. The Group’s landbanking efforts in 2018 will also bear fruit in 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.
Posted by Victor Yong > 2020-11-11 17:19 | Report Abuse
MCT could leverage on Ayala's bank, etc in the Philippines to market its properties as retirement home, vacation home, investment or even as sanctuary from the covid-19 virus (much more cases in the philippines) to the rich Filipinos.
This is the key advantage for mct as part of ayala group.
Posted by Victor Yong > 2020-11-11 17:28 | Report Abuse
See any + impact on Q3 results later :)
KUALA LUMPUR (April 29): Property developer MCT Bhd is doing its part to reduce the burden of Malaysian property purchasers with the introduction of rebates, cashbacks, discounts and a fully furnished package under a campaign called Sama Sama Special.
Happening throughout the movement control order (MCO) period, the campaign is targeted at homebuyers in the bottom 40% and middle 40% income groups (B40 and M40) with MCT offering an extended period to make initial deposits and rebates of up to RM20,000.
The company is also extending a special rebate for healthcare and public service front-liners of the war against Covid-19, it said in a statement.
Among the current promotion is the easy ownership of Lakefront Homes in Cyberjaya, where buyers are given a three plus three months' grace period to seek end-financing facilities and pay the initial deposit of RM2,825 in smaller instalments.
Additionally, a cash incentive of RM10,000 will be provided to buyers who successfully secure loan facilities within three months from the date of booking.
In the event that a loan is secured within three to six months from the booking date, buyers will be entitled to a RM5,000 cash incentive.
“Embracing the new norm, MCT is reaching out to its community of homeowners and potential buyers through video meetings, a WhatsApp video-call service, 360-degree virtual tours of show units as well as personalised online video presentation services from now to May 12 or until the MCO is lifted,” it said.
Posted by Victor Yong > 2020-11-11 17:36 | Report Abuse
Budget 2021 gives property market a big push
07/11/2020 10:01 AM
By Goh Kok Guan
GEORGE TOWN, Nov 7 -- Budget 2021 is expected to give a big push to the housing market and enable more Malaysians to own their first home.
International Real Estate Federation (FIABCI) Malaysian Chapter immediate past president Michael Geh said the five-year extension of the stamp duty exemption, aimed at reviving abandoned projects, would benefit both contractors and house buyers.
Geh, who is also senior partner of Raine & Horne, said the stamp duty exemption for the memorandum of transfer and loan agreement would stimulate and move both primary and secondary markets in the property market sector.
“The strong emphasis on affordability by home buyers (as stipulated in Budget 2021) will bring down the Malaysian House Price Index downwards to levels that are affordable to most Malaysians. The next five years would be the best time for Malaysians to buy their first home,” he told Bernama today.
Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz, in his maiden budget speech yesterday, proposed a full stamp duty exemption to be given for deeds of transfer and loan agreement for the purchase of the first house worth up to RM500,000 to encourage home ownership.
He said the exemption is applicable for the sale and purchase agreement on purchases that are completed from Jan 1, 2021 until Dec 31, 2025.
Tengku Zafrul said the federal government would also extend the stamp duty exemption on loan agreement and deeds of transfer given to rescue contractors and original buyers of abandoned houses for another five years.
-- BERNAMA
Posted by Victor Yong > 2020-11-11 19:06 | Report Abuse
To mitigate the impact of the slowdown of the economy, the Government has taken various measures to stimulate the property market. Firstly, the Government has reintroduced the Home Ownership Campaign (“HOC”) for residential properties from RM300,000 to RM2.5 million until 31 May 2021, which was a success when it was first introduced in 2019. Under the HOC, stamp duty exemption will be given on the instruments of transfer (e.g. sales and purchase agreement) – on the first RM1 million of the residential property value. There will also be a 100% stamp duty exemption on the loan agreement. In addition, the uplift of 70% margin of financing limit for third housing loan onwards and the gains arising from the disposal of residential properties by Malaysian citizens between 1 June 2020 and 31 December 2021 will be exempted from real property gains tax, which will help to stimulate the sub-sale housing market.
Posted by Victor Yong > 2020-11-11 19:07 | Report Abuse
The Group expects sales will improve as unit velocity is gaining momentum with the launch of new projects and the sell-out of its existing inventories. With cautious optimism, the Group will remain profitable despite the Covid-19 situation, taking advantage of the stimulus package that the government has injected into the Malaysian Property Sector coupled with the Group’s plan to continue to launch improved product offering with strategic marketing campaigns that is focused towards its targeted market. The Group has ongoing developments in Cyberjaya and Dengkil targeting the affordable segment which is expected to remain resilient particularly for first-time home buyers. Moving forward, the Group intends to launch a couple of new projects in Damansara and Subang Jaya towards end 2020 subject to obtaining the necessary approvals.
Posted by Victor Yong > 2020-11-11 19:09 | Report Abuse
OUR PROJECTS
Upcoming Project Ongoing Project Completed Project
CYBERSOUTH
Cybersouth
Casa Bayu @ Cybersouth
Park Place 1 @ Cybersouth
Casawood @ Cybersouth (Sold Out)
Casa Bluebell @ Cybersouth (Sold Out)
CasaGreen @ Cybersouth (Sold Out)
CasaView @ Cybersouth (Sold Out)
LAKEFRONT, CYBERJAYA
LakeFront, Cyberjaya
Lakefront Homes
LakeFront Residence
LakeFront Villa
ALIRA @ METROPARK SUBANG
Alira @ Metropark Subang
Alira @ Metropark Subang
ONE CITY @ USJ 25
One City @ USJ 25
The Square @ One City
Sky Park @ One City
eCity Hotel @ One City
Garden Shoppe @ One City
The Place @ One City
1 AVENUE @ USJ
1 Avenue @ USJ
1 Avenue @ USJ
THE PLACE @ CYBERJAYA
The Place @ Cyberjaya
The Place @ Cyberjaya
SKY PARK @ CYBERJAYA
Sky Park @ Cyberjaya
Sky Park @ Cyberjaya
Posted by Victor Yong > 2020-11-11 19:11 | Report Abuse
NEWS / EVENTS
News
Events
Video
NEWS
All
2020
2019
2018
2017
2016
2015
2014
MCT introduces special promotion to help B40, M40 buyers
April 29, 2020
MCT is offering rebates, discounts to drive property sales
April 29, 2020
MCT Introduces Cashless Payment Facility
February 27, 2020
MCT Berhad Introduces Cashless Payment Facility For Potential Homebuyers To Secure Units
February 26, 2020
MCT Berhad Goes Cashless
February 24, 2020
You can now buy a home with TnG eWallet
February 20, 2020
Posted by Victor Yong > 2020-11-11 19:12 | Report Abuse
MCT BERHAD (881786-X)
Established in 1999, we are an integrated property developer with in-house capabilities including development planning, architectural and engineering design, project management and construction.
In February 2018, we became a subsidiary of Ayala Land, Inc. (“Ayala Land”) after a mandatory general offer (“MGO”) by Regent Wise Investment Limited, a whollyowned subsidiary of Ayala Land. Our property ventures span major growth corridors and prime locations including Cyberjaya, Cybersouth, Petaling Jaya and Subang Jaya. Our unbilled sales stands strong at RM584.5 million as at 31 December 2019. Upcoming projects in the pipeline from the remaining landbank of 317.3 acres is expected to generate GDV of approximately RM12.6 billion from on-going and future developments and will help us secure our revenue stream moving forward.
Awards & Recognition
LakeFront Villa was our maiden project at our Lakefront @ Cyberjaya development. This development comprises luxury themed bungalows sitting on a 16-acre site, complete with a clubhouse, and is situated only a few kilometres from key universities and the Kuala Lumpur International Airport. This development was recently crowned as the Best Family Oriented Development at Propsocial People’s Property Award 2019 for its well-planned, garden themed and family-focused modern concept.
Posted by Victor Yong > 2020-11-11 19:14 | Report Abuse
Anymore offer coming? :)
Circular/Notice to Shareholders
MCT BERHAD
Subject INDEPENDENT ADVICE CIRCULAR TO THE HOLDERS OF THE OFFER SHARES IN RELATION TO THE UNCONDITIONAL MANDATORY TAKE-OVER OFFER BY REGENT WISE INVESTMENTS LIMITED ("OFFEROR") THROUGH CIMB INVESTMENT BANK BERHAD TO ACQUIRE ALL THE REMAINING ORDINARY SHARES IN MCT BERHAD NOT ALREADY HELD BY THE OFFEROR AND ITS PERSON ACTING IN CONCERT ("OFFER SHARES") FOR A CASH CONSIDERATION OF RM0.88 PER OFFER SHARE ("OFFER")
Please refer attachment below.
Attachments
MCT Berhad_IAC.pdf
1.0 MB
Announcement Info
Company Name MCT BERHAD
Stock Name MCT
Date Announced 05 Feb 2018
Category Document Submission
Reference Number DCS-02022018-00011
Posted by Victor Yong > 2020-11-11 19:15 | Report Abuse
Share buyback possible? :)
13 Dec 2013 Notice of Shares Buy Back by a Company Pursuant to Form 28B
06 Dec 2013 Notice of Resale/Cancellation of Treasury Shares - Immediate Announcement
28 Jun 2012 Notice of Shares Buy Back by a Company pursuant to Form 28A
26 Jun 2012 Notice of Shares Buy Back - Immediate Announcement
19 Jun 2012 Notice of Shares Buy Back - Immediate Announcement
18 Jun 2012 Notice of Shares Buy Back by a Company pursuant to Form 28A
18 Jun 2012 Notice of Shares Buy Back - Immediate Announcement
08 Jun 2012 Notice of Shares Buy Back - Immediate Announcement
07 Jun 2012 Notice of Shares Buy Back - Immediate Announcement
Posted by Victor Yong > 2020-11-12 08:20 | Report Abuse
MGO by Ayala was 88sen for mct previously. Now 16.5sen less than 19% of 88sen :)
Another offer coming ? :)
Posted by Victor Yong > 2020-11-12 08:31 | Report Abuse
Ayala Land, Inc. (ALI) was organized in 1988 when Ayala Corporation decided to spin off its real estate division into an independent subsidiary to enhance management focus on its real estate business. ALI went public in July 1991 when its class “B” common shares were listed both in the Manila and Makati Stock Exchanges. On September 12, 1997, the Securities and Exchange Commission approved the declassification of ALI’s common class “A” and common class “B” shares into common shares.
Products and Business Lines
To carry on its business in an organized and efficient manner, Ayala Land structured its operations into key strategic business lines such as Property Development, Commercial Leasing, Hotels and Resorts and Services.
Property Development
The Residential Business Group handles the sale of high-end residential lots and units (including leisure community developments), office spaces, commercial and industrial lots, middle-income residential lots and units, affordable lot units and house and lot packages, economic housing units and house and lot packages, and socialized housing packages, and the lease of residential units and marketing of residential developments. The products developed and sold are further classified into the following brands: AyalaLand Premier (“ALP”) for high-end village lots and condominium units, Alveo Land Corp. (“Alveo”) for upscale village lots, condominium and office units, Avida Land Corp. (“Avida”) for middle-income village lots, house and lot packages, condominium and office units, Amaia Land Corp. (“Amaia”) for economic house and lot packages, and BellaVita Land Corp. (“BellaVita”) for the socialized house and lot packages.
Strategic Landbank Management and Visayas-Mindanao – acquisition, development and sale of large, mixed-use, masterplanned communities; sale of override units or Ayala Land’s share in properties made available to subsidiaries for development; lease of carparks; development, sale and lease of the Company and subsidiaries’ product offerings in key cities in the Visayas and Mindanao regions.
Commercial Leasing
Shopping Centers – development of shopping centers and lease to third parties of retail space and land therein; operation of movie theaters, food courts, entertainment facilities and carparks in these shopping centers; management and operations of malls which are co-owned with partners.
Office Leasing – development and lease of office buildings and lease of factory buildings.
Hotels and Resorts – development, operation and management of branded and owner-operated hotels; lease of land to hotel tenants; development, operation and management of eco-resorts.
Services
Construction – land development and construction of ALI and third-party projects.
Property Management – facilities management of ALI and third-party projects; operation of water and sewage treatment facilities in some ALI projects;distribution of district cooling systems; bulk purchase and supply of electricity for energy solutions.
In addition to above business lines, Ayala Land also derives other income from its investment activities and sale of non-core assets.
Posted by Victor Yong > 2020-11-12 08:32 | Report Abuse
Ayala Land is the largest property developer in the Philippines with a solid track record in developing large-scale, integrated, mixed-use, sustainable estates that are now thriving economic centers in their respective regions.
Following the success of the Makati Central Business District (Makati CBD), Ayala Alabang, Cebu Park District, Bonifacio Global City (BGC), and Nuvali, we continue to increase our footprint by building estates that reach and benefit more people.
With 11,624 hectares in our land bank, 26 estates, and presence in 57 growth centers across the country, we offer a balanced and complementary mix of residential developments, shopping centers, offices, hotels and resorts, and other businesses. Construction and property management services are led by subsidiaries, Makati Development Corporation and Ayala Property Management Corporation, respectively.
We pioneer standards and practices that reflect the value we place on sustainability in all our developments. As a responsible corporate citizen, we act with integrity, foresight and prudence.
Focused on our vision of “enhancing land and enriching lives for more people,” we empower our employees to deliver quality products and services and build long-term value for our shareholders.
Posted by Victor Yong > 2020-11-12 08:33 | Report Abuse
Ayala land
2019
Award Giving Body Recognition
Sustainable Business Awards Best Overall Company
Best in Stakeholder Management and Materiality
Special Recognition in United Nations Sustainable Development Goals
Special Recognition in Water Management
Special Recognition in Strategy and Sustainability Management
ASEAN Corporate Governance Scorecard, Institute of Corporate Directors 4-Arrow Awardee (one of only six Philippine companies)
Euromoney Best Property Developer – Philippines
Best in Residential Development
Best in Retail and Shopping Development
Best in Office and Business Development
Best Innovative Green Development
Asiamoney Most Outstanding Company in the Philippines for the Real Estate Sector
ING-FINEX CFO of the Year
7th Annual Corporate Treasurer Awards Asia’s Best CFO
Institutional Investor Magazine Most Honored Company
3rd Best CEO
1st Best CFO
1st Best ESG Reporting
1st Best Corporate Governance
2nd Best IR Company
2nd Best IR Professional
IR Magazine Part of the Global Top 50 Companies for Investor Relations Companies (one of only two Philippines Company)
Part of the Global Top 5 in the Finance and Real Estate Category (the only Philippine Company)
Best Annual Report (ASEAN Large Caps)
Global Good Governance Awards 3G Environmental Sustainability Award
9th Corporate Governance Asia Excellence Awards Best CEO (Investor Relations)
Best CFO (Investor Relations)
Best Investor Relations Company
Best Environmental Responsibility
FinanceAsia 6th Best Managed Company in the Philippines
2nd Best Growth Strategy
4th Best ESG
BCI Asia Top 10 Awards 2019 Top 10 Best Developers
2018
Award Giving Body Recognition
Finance Asia 2nd Best in Investor Relations
4th Most Committed to Corporate Governance
5th Best in Corporate Social Responsibility
8th Best Managed Company
Institutional Investor Most Honored Company (Philippines)
1st Best CFO (Augusto D. Bengzon)
1st Best Investor Relations Program
2nd Best ESG/SRI Metrics
2nd Best Corporate Governance
3rd Best Analysts Days
Frost and Sullivan Philippine Property Development Company of the Year
Asiamoney Most Outstanding Company in the Real Estate Sector
IR Magazine Awards Southeast Asia Best in Sector: Real Estate (Southeast Asia)
Best in Country: Philippines
Best Financial Reporting
Best IR website
ASEAN Corporate Governance Scorecard;
ASEAN Capital Markets Forum
Among the Top 50 Publicly Listed Companies in ASEAN for Corporate Governance
2017
Award Giving Body Recognition
Finance Asia 4th Best Managed Company in the Philippines
3rd Most Committed to Corporate Governance
8th Best at Investor Relations
3rd Best CFO – Jaime E Ysmael
17th FinanceAsia’s Best Companies in Asia Poll
RobecoSAM The Sustainability Yearbook Cited as one of the world’s most sustainable companies
BCI Asia Awards Cited as one of the best developers for 2017
Asia Corporate Excellence and Sustainability Awards (ACES) Most Socially Responsible Company of the Year – Asia
Asiamoney Best Corporate Brand in the Philippines
Philippine Dealing & Exchange Corporation Recognized for SEC shelf registration optimization and innovative Homestarter Bonds
Frost and Sullivan Best Practices Award Company of the Year – Philippine Property Development
World Branding Awards 2017 – 2018 World Branding Forum’s Brand of the Year
The Stevie Awards Gold: Ayala Land Corporate Video “Reshaping Lives with Ayala Land”
Silver: Nuvali Magical Field of Lights (Best Exhibition Display)
Lamundi Philippines Online Survey Best Condo Developer
Developer with Best Amenities
Best Mixed-use Developer for Nuvali
IR Magazine Finalist – Best in Country category
2016
Award Giving Body Recognition
Finance Asia Best Managed Company in the Philippines (2nd)
Best CFO in the Philippines (Jaime Ysmael)
Best in Corporate Social Responsibility
Best in Corporate Governance (2nd)
Best Investor Relations Company (6th)
Corporate Governance Asia Best Environmental Responsibility
Best Investor Relations Company (Philippines)
Asia’s Best CEO (Investore Relations) – Bernard Vincent O. Dy
Asia’s Best CFO (Investore Relations) – Jaime E. Ysmael
Frost and Sullivan Property Development Company of the Year
Institutional Investors’ Governance Awards Plaque of Recognition, one of the Top Publicly-listed Corporations in the Philippines in Corporate Governance
Euromoney Real Estate Survey Overall Best Property Developer
Overall Best Residential Developer
Overall Leisure/Hotel Developer
Overall Best Industrial/Warehouse Developer
Institutional Investor Best CEO, Property Sector (Sell-Side, 1st) – Bernard Vincent O. Dy
Best IR Program, Property Sector (Overall, 1st)
Best CFO, Property Sector )Overall and Sell-Side, 1st) Jaime E. Ysmael
Best IR Program, Property Sector (Overall, 1st)
Best Website, Property Sector (Overall, 1st)
Best Analyst Days, Property Sector (Overall, 1st)
Best IR Professional, Property Sector (No. 2, Sell-Side) – Michael L. Garcia
IR Magazine Awards Southeast Asia 2016 Best
Posted by Victor Yong > 2020-11-12 09:42 | Report Abuse
Value investing, ayala punya mct bukan? :p
Posted by Victor Yong > 2020-11-12 09:57 | Report Abuse
Mct is expected to report profit for Q3,2020. The first half of 2020, actually mct was ~ breakeven, the RM20mil loss was due to hedging, ringgit has strengthened against USD, the loss could become gain too.
So, expecting a profitable Q3 to drive the share price higher probably :)
Posted by Victor Yong > 2020-11-12 10:05 | Report Abuse
Ringgit is strengthening againt the USD *******
Hedging loss can become gain pulak later :)
This was primarily due to the booking of cash flow hedge resulting in some RM20.73 million of losses
SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2020
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Jun 2020
30 Jun 2019
30 Jun 2020
30 Jun 2019
$$'000
$$'000
$$'000
$$'000
1 Revenue
59,358
107,165
111,177
209,566
2 Profit/(loss) before tax
-15,088
3,898
-21,056
10,695
3 Profit/(loss) for the period
-16,592
2,753
-17,236
8,442
Posted by Victor Yong > 2020-11-12 10:39 | Report Abuse
The MSCI Asean Index has surged 14% in an eight-day winning streak, almost double the 7.4% rally in the MSCI Asia Pacific Index over the same period.
SINGAPORE: Southeast Asian stocks, hit particularly hard by the shutdown of tourism and other service industries, are making a comeback as optimism grows over a return to travel.
The MSCI Asean Index has surged 14% in an eight-day winning streak, almost double the 7.4% rally in the MSCI Asia Pacific Index over the same period. At its highest since March, the gauge of Southeast Asian shares has narrowed the gap with its peers but still remains down about 14% for the year. The broader Asian gauge is up 8%.
Investors are jumping on Southeast Asian stocks as part of a global rotation into value and out of growth sectors after positive results from a Pfizer Inc. vaccine boosted sentiment.
Governments across the region are looking to ease social distancing measures, with Singapore and Hong Kong announcing Wednesday they will start an air travel bubble replacing quarantine with Covid-19 testing from Nov. 22.
"The vaccine news opens up sectors under great stress like airlines and hotels, ” Leon Goldfeld, head of multi-asset solutions for Asia Pacific at JPMorgan Asset Management, said in a press briefing Wednesday, speaking about the wider trend. "What we’ve seen is a massive rotation in the market from growth to value.”
The value rotation will likely last three to six months and has "some room to run, ” he added.
Asean Activity
The "stars are aligning” for a resurgence in Southeast Asian stocks, amid signs that earnings have bottomed out, according to Devendra Joshi, a strategist at HSBC Holdings Plc. The bank is overweight shares from Indonesia, Singapore and Thailand.
"Activity in Asean has picked up considerably since the trough, as indicated by manufacturing PMIs and mobility, ” Joshi wrote in a Tuesday note. With about a third of companies having reported earnings so far, 60% have met or exceeded expectations, a higher proportion than the first two quarters of the year, he said.
Thai Demand
The Thai market, hit especially hard due to the downturn in tourism and the widespread protests over the monarchy, is starting to attract interest from overseas investors again.
Foreign buyers piled a net more than $600 million into Thai stocks on Tuesday, the biggest purchase in 10 years, as the benchmark SET Index jumped the most since April.
Analysts at Credit Suisse Group AG have raised their rating for Thai stocks to overweight, thanks to progress on the coronavirus vaccine.
Missed Rallies
For UBS Group AG strategist Niall MacLeod, Southeast Asian stocks are finally reacting to the potential for a vaccine, after missing out on past rallies on the theme. That increases the possibility that at the very least they can outperform larger peers like China.
"It might still be too early to call for a rotation where Southeast Asia leads the overall market, ” he wrote in a note with colleagues Wednesday. "Nevertheless, the relative valuation and outperformance year-to-date suggest China and Taiwan could underperform the region on better vaccine news and broader opening up of the global economy." - Bloomberg
Posted by Victor Yong > 2020-11-12 10:44 | Report Abuse
Kenanga Research said smaller companies, namely MCT Bhd (which has a market capitalisation of RM262.3mil), SHL CONSOLIDATED BHD (RM460mil), MUI Properties Bhd (RM133.4mil) and KSL Holdings Bhd (RM569.6mil) could be potential take-private targets.
“Based on our anecdotal study, based on PBV multiple and balance sheet strength, we conjecture that MCT (current price of 18 sen against a net cash per share of 32 sen), SHL Consolidated (RM1.90 against RM1.56), MUI Properties (18 sen against 11 sen) and KSL Holdings (56 sen against 25 sen) could be potential take-private targets.”
Separately, the research house said it is reaffirming an ‘overweight’ call on the property sector based on valuation grounds.
Posted by Victor Yong > 2020-11-12 12:01 | Report Abuse
A profitable Q3 will boost the share price :) release soon
Posted by Victor Yong > 2020-11-12 12:11 | Report Abuse
Penny stocks pun Ada blue chip? Mct milik Ayala bukan? :)
Posted by Victor Yong > 2020-11-12 12:20 | Report Abuse
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
2 Regent Wise Investments Limited
3 CGS-CIMB Nominees (Asing) Sdn Bhd
- Pledged Securities Account for Regent Wise Investments Limited
4 CIMSEC Nominees (Tempatan) Sdn Bhd
- CIMB Bank for Tan Sri Dato’ Sri Goh Ming Choon (PBCL-0G0264)
5 Goh Meng Keong
6 Maybank Nominees (Tempatan) Sdn Bhd
- Pledged Securities Account for Dato’ Sri Tong Seech Wi
7 CIMSEC Nominees (Tempatan) Sdn Bhd - CIMB for Ng Lee Ling (PB)
8 CIMSEC Nominees (Tempatan) Sdn Bhd
- CIMB for Lai Ming Chun @ Lai Poh Lin (PB)
9 Gan Jin Wei
10 Citigroup Nominees (Tempatan) Sdn Bhd - Urusharta Jamaah Sdn Bhd (Franklin 1)
11 Maybank Nominees (Tempatan) Sdn Bhd - Linbaq Holding Sdn. Bhd.
12 CGS-CIMB Nominees (Tempatan) Sdn Bhd
- Pledged Securities Account for Rickoh Corporation Sdn Bhd (MY0507)
13 Alliancegroup Nominees (Tempatan) Sdn Bhd
- Pledged Securities Account for Koh Kin Lip (7003423)
14 RHB Capital Nominees (Tempatan) Sdn Bhd
- Pledged Securities Account for Susy Ding (CEB)
15 Citigroup Nominees (Tempatan) Sdn Bhd - Exempt An for AIA Bhd.
16 Susy Ding
17 HLB Nominees (Tempatan) Sdn Bhd
- Pledged Securities Account for Wong Yee Hui
18 CGS-CIMB Nominees (Tempatan) Sdn Bhd
- Pledged Securities Account for Loong Ding Tong (MY3120)
439,809,059 295,277,782 230,115,574
66,700,000
48,667,000 42,776,425
25,050,000 22,340,790
20,847,900 12,712,382
11,666,667
7,134,000
7,125,000
7,000,000
6,962,500
6,700,000 5,500,000
5,260,000
0.36
19 On Thiam Chai
20 Ung Yoke Hong
21 Yong Choo Kiong
22 47 Capital Sdn Bhd
23 Wan Yu Jin
24 RHB Nominees (Tempatan) Sdn Bhd
- Amara Investment Management Sdn Bhd for Wong Yee Hui
25 Lee Eng Hock & Co. Sendirian Berhad
26 Maybank Nominees (Tempatan) Sdn Bhd
- Pledged Securities Account for Ng Beng Hoo
27 Wong Kia Hong
28 Tan Eng Hsien
29 Goh Meng Keong
30 Kenanga Nominees (Tempatan) Sdn Bhd
- Pledged Securities Account for Yen Soon Ai
3,500,000 0.24 3,000,000 0.21 3,000,000 0.21
2,400,000 0.16 2,200,000 0.15 2,036,000 0.14
2,000,000 0.14 2,000,000 0.14
1,900,000 0.13 1,500,800 0.10 1,500,000 0.10 1,500,000 0.10
SUBSTANTIAL SHAREHOLDERS AS PER THE REGISTER OF SUBSTANTIAL SHAREHOLDERS
1 Regent Wise Investments Limited 965,202,415 66.246 - -
2 Ayala Land, Inc.(1) - - 965,202,415 66.246
Note:
Deemed interested in the shares held by Regent Wise Investments Limited pursuant to Section 8(4) of the Companies Act, 2016.
No.
Name of Substantial Shareholders
No. of Shares Held
Direct Interest
%
Indirect Interest
%
(1)
DIRECTORS’ SHAREHOLDINGS AS PER THE REGISTER OF DIRECTORS’ SHAREHOLDINGS
No.
Name of Directors
Direct Interest
Indirect Interest
No. of Shares
% of Shares
No. of Shares
% of Shares
1. Tan Sri Dato’ Sri Abi Musa Asa’ari Bin Mohamed Nor
2. Tan Sri Dato’ Hj. Abd Karim Bin Shaikh Munisar
3. Lao Chok Keang
4. Bernard Vincent Olmedo Dy
5. Anna Maria Margarita Bautista Dy
6. Ma. Luisa Dioquino Chiong
7. Teh Heng Chong
8. Apollo Bello Tanco
- - - - - - - - - - - - - - - -
- -
- -
- -
- -
- -
- -
- -
- -
Posted by Good123 > 2020-11-12 12:55 | Report Abuse
bagus, the lower liners like mct owned by foreign conglomerate Ayala will undergo a consolidation with any weakness to be supported by the improved trading liquidity with investors continuing their quest to hunt for higher yields
Posted by Victor Yong > 2020-11-12 14:23 | Report Abuse
Grab from desperate traders at fire sale price? :)
Posted by Victor Yong > 2020-11-12 14:25 | Report Abuse
Takda kesabaran tak boleh tunggu rugi lah :)
Posted by Victor Yong > 2020-11-12 14:32 | Report Abuse
Under the Short-Term Economic Recovery Plan (Penjana), the government announced several tax incentives, including the RPGT exemption granted to Malaysian citizens upon disposal of a residential property from June 1, 2020-December 31, 2021.
Additionally, Bank Negara Malaysia’s cumulative reduction of the overnight policy rate (OPR) to a historical low of 1.75 per cent would reduce effective interest rates for home loans from majority of banks to about three per cent, depending on the loan amount.
On another note, PropertyGuru ― Southeast Asia’s property technology company, would be hosting the Asia Virtual Property Expo (AVPE), the largest multi-market virtual property expo from November 11-December 12, 2020.
The month-long virtual expo would leverage the group's regional presence to showcase over 300 projects from across 10 countries, namely Singapore, Malaysia, Indonesia, Thailand, Vietnam, Cambodia, the Philippines, Myanmar, Australia and the United Kingdom (UK).
Fernandez said the AVPE allows house buyers and investors to view local and international properties and connect with property developers in real-time from the comfort of their homes.
“Property seekers will be able to navigate the virtual booths and explore some of the best projects available,” he said, adding that the expo would also be showcasing 80 projects from Malaysia.
$$$$$$$$$$$
Meanwhile, Fernandez said that according to the PropertyGuru Malaysia Consumer Sentiment Survey, 81 per cent of Malaysians still want to own a home by the end of 2021
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2024-11-12
No result.
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CS Tan
4.9 / 5.0
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 > 2020-09-25 13:03 | Report Abuse
take private is likely Public spread met requirements. MCT is finally compliant with the public shareholding requirement after Tabung Haji’s Urusharta Jamaah SB disposed of its shares. Public shareholding now stands at 25.009% (from 24.59%) per the announcement in March.