MCT Bhd (Nov 15, 71 sen) Maintain neutral with a lower target price (TP) of 75 sen: MCT Bhd’s fifth quarter for its financial year ending Dec 31, 2018 (5QFY18) core net profit of RM20.
KUALA LUMPUR (Aug 22): MCT Bhd is acquiring a 7,143 sq m piece of leasehold land within Tropicana Golf & Country Resort in Bandar Damansara, Selangor from Tropicana Corp Bhd, controlled by tycoon Tan Sri Danny Tan Chee Sing, for RM42.
KUALA LUMPUR (May 8): MCT Bhd saw its net profit surge almost sixfold to RM30.
KUALA LUMPUR (April 13): MCT Bhd plans to build some 1,400 serviced apartments on a 9.
KUALA LUMPUR (April 13): Tropicana Corp Bhd is disposing of a 9.
KUALA LUMPUR (Feb 20): Ayala Land Inc, the biggest property group in the Philippines, increased its indirect stake in MCT Bhd to 72.
KUALA LUMPUR (Feb 7): MCT Bhd said Philippine-listed Ayala Land Inc, its major shareholder via Regent Wise Investments Ltd (RWIL), intends to explore options to boost MCT's public shareholding spread.
KUALA LUMPUR (Feb 5): MCT Bhd shareholders have been told to reject the takeover bid launched by Philippines-based property developer Ayala Land Inc's unit Regent Wise Investments Ltd, which has been deemed "not fair and not reasonable" by independent adviser Kenanga Investment Bank Bhd (Kenanga IB).
KUALA LUMPUR (Jan 11): MCT Bhd, which recently received a takeover offer from its major shareholder Regent Wise Investments Ltd (RWIL) at 88 sen per share, said it will not seek an alternative person to make a takeover offer for the offer shares.
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