haiz...many ppl said buy tis counter really waste time... but i earn a lot from here... so why not... u drop i buy u drop i buy... but when u fly i sell and let others to chase you ba...
Very undervalued supported by net cash of more than 400 mil or 0.32 cash per share versus 0.195 current share price...So far the best bet counter for property recovery theme...
nobody knows, if it's really shark or not. if you view mct movement in longer term, the average price (support) has slowly been moving up, 16 > 17.5 and now recently to 19 cent, with these few days trading volume, it's possible the new support is now 20 cent already.
Within this 2 weeks, if the QR is good (It should be a profitable quarter) once QR is announced, the entire mindset on MCT will change, and by then it'll be impossible to buy < 20 cent I believe.
From people replying here, and other forums, again you can see a lot are hoping to make fast money, limit up la, hope can push up la, Tomorrow up LU, go to sky... lol these are the people who will cut loss when the price goes down a bit below their entry :D
When they cut loss, the share price will go down lu.
i hope mct 'investors' here can change from trading to investing mindset, hold longer... lose less brokerage fees from trading in and out of multiple positions.
MCT has great possibility of a takeover target by Its major Shareholder Ayala Land which is controlling more than 70% of MCT...very likely to be taken Private soon.... BUYYYYYY
At least 0.33 in the interim...Its Cash per share already ard 0.32-0.33...combine with the coming 2.2 bil GDV new launches, i strongly feel that it has the intrinsic values to reach 0.60 by year end provided its coming 2.2 bil projects well received and taken up...0.33 is the base line fair value taking into its 0.33 Cash Per Share Value
MCT is the most undervalued developer besides Mkland that has sizeable landbank and cash rich...the greatest strength with MCT is Ayala Land, its major Shareholder that I believe wil surely take MCT private one day as it has more than 70% stake in MCT...
QR result if good, will shift the support higher, as it'll discourage existing shareholders from selling... limit supply a bit. I still see a lot of traders hitting and exiting MCT few days.. probably contra/T7 players.
for those who follow what sifu sifu and play by them, really will be gg. Come join the long term investor boat la, stop play play trading and get manipulated by so called sifus or buy calls. the volume vs price action clearly shows today action is manipulated one... huge buy and huge sell orders that doesn't really change hands for the shares..
price will probably drop to 20 cent also, if a lot of those who gambled, are forced to cut loss (realize losses) over next few days.. due to no holding power, no actual money to pickup, or disappointed by unrealistic fast share gains expectations
What is even more painful to see, is if the QR release in the coming 2 weeks eventually is good... a lot of those who traded today and sell at a loss will be hit again the 2nd time, regretting why didnt' keep.
9.6% of the entire MCT share was traded today, if the shares were really bought 9.6% by someone or sold by someone, it'll trigger major share holder changes soon, or the price will go LU, or LD. Big volume with minimal price movement (nett) is a good indicator of tape painting. as i said earlier today, ard 11am.
while i saw it happening, I didn't really benefit from it today as I don't want to sell before QR announcement.
don't play the trading game, you won't get the trading gains, but u don't get the trading losses too...
if you yourself is playing as a trader (gambler) you can't blame the sharks, when you lose, but happy when gain. play by the sword, die by the sword la....
Anyway enough about the sharks.
For those who have onboarded and want to learn fundamentals, I will share.
Fundamentally, the property sector is still on an uptrend (overall property index is on a bull run) so, the sector as a whole, is on an uptrend. Look at the property index.
Property is a cyclical market, the 10-12 years cycle. Since it's peak, it's been about 10-12 years, we should be at the recovery stage or 2 years away from the next property bull run.
That's fundamentals on an overall market.
Fundamentals on per share basis, learn to wait for the quarter results, if already buy, hold for 2.5 weeks more la. QoQ performance is expected to be better, and most likely MCT will be profitable.
Their projects, surprisingly they are able to sell efficiently, amongst so many property developer, their completed unsold stock is surprisingly very very low.. the exact amount of unsold stock, you'll need to learn to read the QR/AR yourself...
Debt, no need to say, they are 'debt free' to banks, but they still have borrowing to parent company. They are not really net cash 33 cents, still need to repay la, even if borrow from parent company. But after paying parent, still have net cash. But it's not as much as 30 cents.
Have all the necessary information, and make informed investment decisions! PS > Always do your own homework, and verify what ANYONE says...
Whether MCT is subjected to Goreng activities by Sharks or crocodiles, it is still worth its total cash per share tat is above 0.30...We just need to hold long term and I m sure this MCT is above 1.00 in a property boom cycle...Is this the beginning of Property Recovery tat could ignite the next Property Bullrun????
Cash and Cash Equivalent, 538m, amount owed to holding company, 526m net cash per share about 22m only 22m you divide by the outstanding shares la... it's certainly not the 33cent i believe. around 2cent net cash per share roughly la, you all do your own maths. lol.
anyway, got benefit also la, if the sifu or speculator promote, a share need some attention to be healthty, and among the 1xxm shares traded yesterday, some should be able to hold ba.. :D welcome mct boat.
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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....
Hooi369
657 posts
Posted by Hooi369 > 2021-02-17 10:34 | Report Abuse
haiz...many ppl said buy tis counter really waste time...
but i earn a lot from here...
so why not...
u drop i buy u drop i buy...
but when u fly i sell and let others to chase you ba...