Wowww!!! Strong financial 4th qtr result...Posted 38 mil net profit for 4th qtr or EPS of 2.65 per share...It is proven MCT is staging a full turnaround recovery...coupled with 2.2 bil coming new property launches, MCT will surely ride high above 0.30 soon...Tomolo will see huge buying support...
It is not orderbook of 2.2 bil... It is their plan to launch new property products worth GDV of 2.2 bil this year to replenish its unbilled sales...cash per share is currently at 0.33 per share, so this stock is basically worth at least 0.33
Ayala Land is holding up to estimated 75% of this company, hence there are very few shares outstanding left in the market right now...Very easy to push up this stock depend on Major Sholder as they have strong grip and control on this company...5 years ago this stock used to trade around 1.30 - 1.60 before plunging to current level thanks to Property Slowdown and Covid 19...Even Ayala Land bought its majority stake in MCT at 0.80-0.88, hence they are stil sitting at huge paper loss and there is large possibility they wil push it up high again once property mkt is recovering soon...Reiterate BUY!
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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....
Val-Elta
684 posts
Posted by Val-Elta > 2021-03-12 09:04 | Report Abuse
round two, if today can close around 22, 22.5 will be good.