Mqtech denied the deal to buy Latexx ?

By looking at the price, deal quite confirm liao.

The company will made announcement after market close.

Latexx Partners up for sale, Top Glove & MQTech are "frontrunners"
June 18, 2020 @ 2:15pm
Latexx Partners has manufacturing facilities at Kamunting Industrial Estate in Perak. NSTP/WEB
Latexx Partners has manufacturing facilities at Kamunting Industrial Estate in Perak. NSTP/WEB
NST Business

KUALA LUMPUR: Rubber glove manufacturer Latexx Partners Bhd is being sold by its

Austrian-based parent Semperit AG.

In is understood that Latexx Partners, which was delisted from Bursa Malaysia in June 2013 following its takeover by rubber and plastic products maker Semperit, would be sold for about RM300 million.

Top Glove Corp Bhd and MQ Technology Bhd (MQTech) have emerged as the frontrunners to be the new owner of Latexx Partners.

Latexx Partners has manufacturing facilities at Kamunting Industrial Estate in Perak.

It was taken private by Semperit at RM2.30 per piece and its warrant at RM1.77 in 2013.

The takeover had then made Semperit the world's second largest rubber glove manufacturer after Top Glove.

Latexx Partners subsidiaries are Latexx Manufacturing Sdn Bhd, which manufactures rubber gloves, Medtexx Manufacturing Sdn Bhd, which is engaged in the trading of rubber gloves and letting of glove manufacturing plant and machinery, Total Glove Company Sdn Bhd, which treats and processes natural rubber latex examination and surgical gloves, and Worldmed Manufacturing Sdn Bhd, which trades rubber gloves.

Semperit, which was founded in 1824, is located in Vienna with its global R&D centre in Wimpassing, lower Austria.

The group employs around 6,900 people worldwide, including close to 3,600 in Asia and about 900 in Austria.

A source said Top Glove was the top contender to buy Latexx Partner, given the vast resources of the company which boasts some RM42 billion in market capitalisation.

Alternatively, a cash payout plus issuance of new shares of a much smaller company like MQTech could be a wiser choice for Semperit.

Amid the Covid-19 pandemic, the source said MQTech had been eyeing the medical gloves industry and it believed the sector would continue to be profitable in the long run.

"The Latexx Partners deal was also pitched to MQTech recently, and a positive outcome could be out within days," the source added.

MQTech is listed on Bursa Malaysia's ACE Market.

It manufactures products of rapid tooling, prototyping, jigs, dyes development, and other manufacturing solutions.

The company also manufactures high precision magnetic coils, coil assemblies, precision metal plates and jigs and fixtures used in the manufacture of hard disk drives, automotive and medical industries.

MQTech supplies goods and services to Asia Pacific and Southeast Asia.

AEM (7146) - HIDDEN DRAGON CROUCHING TIGER

https://klse.i3investor.com/blogs/Innothestar/2020-05-17-story-h1507085171-AEM_7146_HIDDEN_DRAGON_CROUCHING_TIGER.jsp

China eyeing Malaysian companies to expand 5G tech

By By Sharen Kaur - May 19, 2020 @ 11:11am

A giant telecommunications group from China is seeking partners with 5G capabilities and have targeted a few companies here. Photographer: Wolfram Schroll/Bloomberg
A giant telecommunications group from China is seeking partners with 5G capabilities and have targeted a few companies here. Photographer: Wolfram Schroll/Bloomberg
KUALA LUMPUR: A giant telecommunications group from China is betting on Malaysia to expand its fifth generation (5G) technology and is eyeing several companies here to help build the network.

Sources said the Chinese group was investing billions of ringgit on 5G technology this year, despite the Covid-19 pandemic.

"They are seeking partners with 5G capabilities and have targeted a few companies here. They hope to start talks post-movement control order," said a source.

It is understood that the group was looking at Green Packet Bhd and XOX Bhd, which are 5G-ready.

Green Packet's shares rose to a new multiple-year high yesterday, gaining as much as 23 sen or 19.01 per cent to RM1.41- a level last seen in 2010.

XOX, which has about RM35 million cash on hand, currently offers the most competitive and innovative 4G data plan, and is focusing to build 5G infrastructure in the region.

The company's shares surged 11.11 per cent amid active trading on Friday to close at five sen, giving it a market capitalisation of RM54.62 million.

The counter increased one sen with 154 million shares traded.

Early this year, XOX partnered with Advance Tech Communication Sdn Bhd (ATC) to launch 4G and 5G smartphones, with additional satellite communication capabilities termed XPLORE.

XOX will be the first telco to market and distribute the products to its users across Southeast Asia.

Its executive director Steve Tan has said that the company aimed to provide a unified network plan by integrating XOX's prepaid plans and messaging platform with ATC's extensive satellite emergency services.

"XOX is a good target for investors. XOX is ranked fifth in the telecom sector and is the number one MVNO company in Malaysia with current customer base reaching almost three million, including prepaid and post paid mobile phone users.

"The stock is relatively very cheap. It is currently the cheapest telecom stock on the local bourse and has potential upside," the source said.

Last month, XOX inked an agreement with DGB Asia Bhd to collaborate in the deployment of up to 1,000 next generation AI vending machines.

This move is in line with XOX's strategy to focus on different silos of its business to build up its revenue streams.

An analyst who spoke on condition of anonymity said telecom stocks were expected to rally as the sector was making handsome profits amid the Covid-19 pandemic.

"Valuations of telecom stocks are becoming attractive again and the sector is expected to grow at an accelerated rate with the current shifts happening in digital landscapes such as 5G, the Internet of Things and artificial intelligence.

"If you look at Maxis, Celcom and DiGi, the stocks are all up. We can expect a new high in telecom stocks this year," he said.

KANGER TARGET 20SEN BY THIS WEEK !

KANGER DAMN STRONG !

PublicInvest Research upgrades Yong Tai, target price 23 sen

KUALA LUMPUR (Jan 21): PublicInvest Research has upgraded Yong Tai Bhd to “Trading Buy” at 13.5 sen with a target price of 23 sen after Yong Tai announced overnight the planned development of an international cruise terminal at its Impression City development in Melaka Tengah, as well as the entering into of a Memorandum of Understanding (MOU) with Singapore Cruise Centre Pte Ltd (SCC) for the latter to act as terminal operations and management consultant.

In a note today, the research house said it was excited over this development, and sees this playing a significant part in the turning around of Encore Melaka’s prospects which has been plagued by lower-than-expected ticket sales.

It said while still very much early days, it nonetheless believes the worst is likely behind Yong Tai and sees this as marking the Group’s long but certain trek back in terms of regaining investor confidence.

“Our earnings estimates are left unchanged, with target price of 23 sen (70% discount to 76 sen sum-of-parts valuation) also retained.

“We raise our call to Trading Buy in light of this positive development.

“We continue to see value in its long-term proposition, with near term confidence depending largely on the speed in which it manages to turn around its Encore Melaka theatre,” it said.

ALAM got huge potential pending getting more contracts. In short term, 30sen no a problem.

http://www.bursamarketplace.com/mkt/tools/research/icon_offshore_2q19_turnaround_at_operating_level_i-817402

U can read the Maybank report here.

Those miss the Armada, KNM, VELESTO. Dun miss out ALAM again. Maybank IB recommend buy, with target price 18sen.

http://www.bursamarketplace.com/mkt/tools/research/ch=research&pg=research&ac=817404&bb=832307

Please download the report and read about it.

Maybank IB Research Rated " ALAM " Buy. Target Price 18sen.

http://www.bursamarketplace.com/mkt/tools/research/ch=research&pg=research&ac=817404&bb=832307

Gpacket-wb is highly undervalued. Good to buy.

http://www.enanyang.my/news/20190721/%e5%a4%a7%e8%82%a1%e4%b8%9c%e5%a2%9e%e6%8c%81-%e4%b8%9a%e7%bb%a9%e5%b1%95%e6%9c%9b%e4%bf%8f-br%e4%b9%b0%e7%a8%b3%e8%be%bewa%e5%8f%82%e4%b8%8e%e6%af%8d%e8%82%a1%e5%a2%9e%e9%95%bf%e6%b8%a9/

Today Psiptek got huge block of share traded in off market. Total 80 Million shares or 21% stakes traded in off market at price 14.5sen. New major shareholder going to emerge !

Chris Kho. What is the target price ?

Chris Kho. Psiptek got what good news ? Any target price ? Thx for sharing

Yes. New offer at least RM1.30-RM1.50.

Woww. MAA 91sen ! Will close above RM1.00 today ?

Tunku Yaacob sapu in market since cheaper than offer price rm1.10.

MAA 90sen liao. RM1.30 offer is real or rumour?

MAA received new offer at rm1.30 per share ?

Market rumour Topglove show interest in Karex again.

Yes. MUI will be giving 10sen-5sen dividends. More assets will dispose, Corus Hotel also will dispose soon.

Muiind made pay special dividend 10sen per share. Deal will announce very soon.

Muiind going to made good announcement, selling London Corus Hotel at RM1.1 Billion.

price moving upward gradually.

bro investor 999, u source of news reliable or not ?

what i heard is bonus issue 1 for 1 and 1 for 2 free warrant.

Many ppls said Scomi going to sell Scomies at 25sen per share.

Bentongchangsifu said Scomi sell Scomies to pay debts wow. Price 20sen-25sen wow.

No. If Scomi selling more than 33% stake in Scomies, will trigger General Offer (GO). New buyer need to made GO to other Scomies shareholder. If price is 20sen, big upside room as price now is 13sen.

I sailang in Scomies. Target 20sen. hehe

bro ramada. they use this MOU to goreng up the stock. After few months, they will said no new development. Later will said mutually agree to cancel the MOU.

I saw many MOU lapse after the period. So better dun hold a falling knife.

G3 just signed a MOU. Everything no confirmed yet. Profit need few year to kick in. Current price too high.

I bet will limit down today. hehe

Better sell G3 now. Profit taking come.

No worry la. Need patience.

Market profit taking. All stocks drop. But I will hold it

selling pressure well absorb. good

Good show today and end at 24.5sen. Hope tomolo continue the show and end at 30sen. See u all tomolo.

apa macam Bjland ? haha ... luckily bought 100k shares at 24sen. i'm waiting the offer from bjland boss.

Pinepac going to declare special dividend 30sen per share ?

Redtone team up with Huawei in 5G news will lead Redtone share price to hit 50sen today. Remember to buy at 2.30pm. Go go go ... huat huat huat.

Redtone up today bcos of Vincent privatise news or U Mobile back door listing through Redtone ?

BAD NEWS !

no wonder big shareholder keep selling last week until now, bcos they can get the share at 15sen only. Diu !

walao ye. private placement 10% stakes at 15sen only. what the f**k, share price now 18sen. no wonder share price drop from 23sen until now.