MCT (5182) - Stocks With Momentum: MCT
MCT Bhd (+ve)
MCT (Fundamental: NA, Valuation: NA) traded as high as RM1.43 on its debut on Monday, from the offer price of RM1.28, before closing at RM1.33.
MCT takes over the listing status of GW Plastics following a reverse takeover and has since completed a private placement and restricted offer for sale exercise. The new controlling shareholders hold a combined 65.2% stake.
The property developer is known for its development of USJ One Avenue and OneCity in Subang Jaya. It has a total landbank of 540.2 acres, of which 90% are located within the Klang Valley (Subang Jaya, Cyberjaya, and CyberSouth, Dengkil) and Tebrau, Johor (through a joint-venture).
MCT’s ongoing projects have a cumulative gross development value (GDV) of RM2.26 billion while future projects have an estimated GDV of RM6.72 million. The GDV is yet to be finalised for the remaining 296 acres.
The stock is trading at 1.2 times the enlarged shareholders’ equity of RM1.42 billion.
http://www.theedgemarkets.com
MCT Bhd (+ve)
MCT (Fundamental: NA, Valuation: NA) traded as high as RM1.43 on its debut on Monday, from the offer price of RM1.28, before closing at RM1.33.
MCT takes over the listing status of GW Plastics following a reverse takeover and has since completed a private placement and restricted offer for sale exercise. The new controlling shareholders hold a combined 65.2% stake.
The property developer is known for its development of USJ One Avenue and OneCity in Subang Jaya. It has a total landbank of 540.2 acres, of which 90% are located within the Klang Valley (Subang Jaya, Cyberjaya, and CyberSouth, Dengkil) and Tebrau, Johor (through a joint-venture).
MCT’s ongoing projects have a cumulative gross development value (GDV) of RM2.26 billion while future projects have an estimated GDV of RM6.72 million. The GDV is yet to be finalised for the remaining 296 acres.
The stock is trading at 1.2 times the enlarged shareholders’ equity of RM1.42 billion.
http://www.theedgemarkets.com
