really silap labur duit lebur hehe top 5 largest shareholders of Meridian facing fraud hehe

THIRTY (30) LARGEST SHAREHOLDERS AS AT 7 OCTOBER 2022
(BASED ON RECORD OF DEPOSITORS)
No. Name of Shareholders No. of Shares Percentage (%)
1. AFFIN HWANG NOMINEES (TEMPATAN) SDN. BHD. 190,000,000 21.01
EXEMPT AN FOR LAZARUS SECURITIES PTY LTD
2. LIM KON LIAN 150,695,909 16.67
3. UOBM NOMINEES (TEMPATAN) SDN BHD 32,500,000 3.59
EXEMPT AN FOR SANSTON FINANCIAL GROUP LIMITED
4. LEE KOON WENG 31,130,000 3.44
5. PASUKHAS PROPERTIES SDN BHD 29,941,600 3.31

would pasukhas declare a huge loss due to such fraud as a major shareholder of meridian?

Meridian's auditor raises doubts over company's ability to go on as a business entity
NST Wed, Apr 10, 2024 12:32pm - 1 hour


KUALA LUMPUR: Meridian Bhd's auditor have raised concerns regarding the continued viability of Meridian Bhd as a business entity.

In its recent filing with Bursa Malaysia, the property developer's external auditor, Messrs Jamal, Amin & Partners, issued a disclaimer of opinion on the group's annual audited financial statements for the period spanning from July 1, 2022, to Nov 30, 2023.

The auditors pointed out a lack of compelling evidence to support the directors' claim that it can sustain its operations.

Despite Meridian's financial statements assuming ongoing operations, a range of significant uncertainties, such as recurring losses, inadequate cash reserves, legal proceedings, and regulatory hurdles, cast doubt on the validity of this assumption.

The auditors highlighted that over the past three financial years, both the group and the company have incurred substantial net losses. Meridian reported a net loss of RM17.27 million, while the company's net loss reached RM90.98 million, raising concerns about the company's financial health and sustainability.

Negative indicators such as current liabilities exceeding current assets by RM4.935 million were also highlighted in the financial statements.

Furthermore, the group's cash reserves are alarmingly low, with bank overdrafts exceeding the credit limits granted by financial institutions.

Significant tax liabilities totaling RM4.56 million, along with RM4.89 million in tax penalties from the previous financial year, have also been noted. Legal action has been initiated by tax authorities to recover these balances, but the proceedings remain ongoing and unresolved.

"We have not been able to obtain sufficient appropriate audit evidence in respect of the estimates and assumptions made in the cash flow projections prepared by the management. Accordingly, we are unable to obtain sufficient appropriate audit evidence to support the validity of the going concern assumptions adopted by the directors in preparing the financial statements of the group and of the company," the auditors said.

Meanwhile, the auditors highlighted that certain investment properties and inventories, collectively referred to as "the properties," with a total carrying amount of RM50.43 million, representing 28 per cent of the total assets of the group, are still registered under a former subsidiary company, despite its disposal.

The transfer of titles for these properties to the group has not been completed, complicating matters further due to the former subsidiary's winding-up process, the auditors said.

"Included in the term loans of the group is an amount of RM2.974 million, where we were unable to confirm the amount and the existence of the term loan, and we were unable to obtain any other audit evidence relating to the accuracy and the existence of the term loan.

"Accordingly, we are unable to determine whether potential adjustments are necessary, if any, and whether the group is obliged to settle the term loan," they said.

The auditors added that the combined impact of these factors casts significant uncertainties regarding Meridian's ability to continue operating.

Meridian has been classified as a Practice Note 17 (PN17) company, having triggered the PN17 criteria of the Main Market of Bursa Malaysia due to its minimal operational activity.

The developer has expressed its intention to formulate a regularisation plan to address its PN17 status, while Bursa Malaysia said it will continue monitoring the company's progress in complying with the Main Market listing requirements.

if SC and Bursa are not taking immediate to drag the directors to jail/court, malaysia would go to the Dogs hehe

Meridian's auditor raises doubts over company's ability to go on as a business entity
NST Wed, Apr 10, 2024 12:32pm - 1 hour


KUALA LUMPUR: Meridian Bhd's auditor have raised concerns regarding the continued viability of Meridian Bhd as a business entity.

In its recent filing with Bursa Malaysia, the property developer's external auditor, Messrs Jamal, Amin & Partners, issued a disclaimer of opinion on the group's annual audited financial statements for the period spanning from July 1, 2022, to Nov 30, 2023.

The auditors pointed out a lack of compelling evidence to support the directors' claim that it can sustain its operations.

Despite Meridian's financial statements assuming ongoing operations, a range of significant uncertainties, such as recurring losses, inadequate cash reserves, legal proceedings, and regulatory hurdles, cast doubt on the validity of this assumption.

The auditors highlighted that over the past three financial years, both the group and the company have incurred substantial net losses. Meridian reported a net loss of RM17.27 million, while the company's net loss reached RM90.98 million, raising concerns about the company's financial health and sustainability.

Negative indicators such as current liabilities exceeding current assets by RM4.935 million were also highlighted in the financial statements.

Furthermore, the group's cash reserves are alarmingly low, with bank overdrafts exceeding the credit limits granted by financial institutions.

Significant tax liabilities totaling RM4.56 million, along with RM4.89 million in tax penalties from the previous financial year, have also been noted. Legal action has been initiated by tax authorities to recover these balances, but the proceedings remain ongoing and unresolved.

"We have not been able to obtain sufficient appropriate audit evidence in respect of the estimates and assumptions made in the cash flow projections prepared by the management. Accordingly, we are unable to obtain sufficient appropriate audit evidence to support the validity of the going concern assumptions adopted by the directors in preparing the financial statements of the group and of the company," the auditors said.

Meanwhile, the auditors highlighted that certain investment properties and inventories, collectively referred to as "the properties," with a total carrying amount of RM50.43 million, representing 28 per cent of the total assets of the group, are still registered under a former subsidiary company, despite its disposal.

The transfer of titles for these properties to the group has not been completed, complicating matters further due to the former subsidiary's winding-up process, the auditors said.

"Included in the term loans of the group is an amount of RM2.974 million, where we were unable to confirm the amount and the existence of the term loan, and we were unable to obtain any other audit evidence relating to the accuracy and the existence of the term loan.

"Accordingly, we are unable to determine whether potential adjustments are necessary, if any, and whether the group is obliged to settle the term loan," they said.

The auditors added that the combined impact of these factors casts significant uncertainties regarding Meridian's ability to continue operating.

Meridian has been classified as a Practice Note 17 (PN17) company, having triggered the PN17 criteria of the Main Market of Bursa Malaysia due to its minimal operational activity.

The developer has expressed its intention to formulate a regularisation plan to address its PN17 status, while Bursa Malaysia said it will continue monitoring the company's progress in complying with the Main Market listing requirements.

A major fraudulent case... all directors should be sent to jail to strengthen corporate governance in Malaysia. :(
"We have not been able to obtain sufficient appropriate audit evidence in respect of the estimates and assumptions made in the cash flow projections prepared by the management. Accordingly, we are unable to obtain sufficient appropriate audit evidence to support the validity of the going concern assumptions adopted by the directors in preparing the financial statements of the group and of the company," the auditors said.

Meanwhile, the auditors highlighted that certain investment properties and inventories, collectively referred to as "the properties," with a total carrying amount of RM50.43 million, representing 28 per cent of the total assets of the group, are still registered under a former subsidiary company, despite its disposal.

www.klsescreener.com/v2/news/view/1307329/meridian-039-s-auditor-raises-doubts-over-company-039-s-ability-to-go-on-as-a-business-entity





THIRTY (30) LARGEST SHAREHOLDERS AS AT 7 OCTOBER 2022
(BASED ON RECORD OF DEPOSITORS)
No. Name of Shareholders No. of Shares Percentage (%)
1. AFFIN HWANG NOMINEES (TEMPATAN) SDN. BHD. 190,000,000 21.01
EXEMPT AN FOR LAZARUS SECURITIES PTY LTD
2. LIM KON LIAN 150,695,909 16.67
3. UOBM NOMINEES (TEMPATAN) SDN BHD 32,500,000 3.59
EXEMPT AN FOR SANSTON FINANCIAL GROUP LIMITED
4. LEE KOON WENG 31,130,000 3.44
5. PASUKHAS PROPERTIES SDN BHD 29,941,600 3.31
6. KONG KOK KEONG 28,000,000 3.10
7. HSBC NOMINEES (ASING) SDN BHD 26,246,900 2.90
EXEMPT AN FOR MORGAN STANLEY & CO. INTERNATIONAL PLC
(IPB CLIENT ACCT)
8. CGS-CIMB NOMINEES (ASING) SDN BHD 25,769,200 2.85
EXEMPT AN FOR CGS-CIMB SECURITIES (HONG KONG) LIMITED
(FOREIGN CLIENT)
9. MIDF AMANAH INVESTMENT NOMINEES (TEMPATAN) SDN BHD 22,389,624 2.48
PLEDGED SECURITIES ACCOUNT FOR TEOH SENG KIAN
(MGN-TSK0015M)
10. AMSEC NOMINEES (TEMPATAN) SDN BHD 22,336,692 2.47
PLEDGED SECURITIES ACCOUNT- AMBANK (M) BERHAD
FOR YAP TING HAU (SMART)
11. AFFIN HWANG NOMINEES (ASING) SDN BHD 20,805,800 2.30
EXEMPT AN FOR SANSTON FINANCIAL GROUP LIMITED
(ACCOUNT CLIENT)
146 MERIDIAN BERHAD [Registration No. 200001005180 (507785-P)]
THIRTY (30) LARGEST SHAREHOLDERS AS AT 7 OCTOBER 202

endgame strategy by israel... But then Israeli Prime Minister Benjamin Netanyahu said on Monday an unspecified date had been set for Israel's invasion of the Rafah enclave in Gaza, "ending the hopes that briefly gripped the market yesterday that geopolitical tensions in the region might be easing," Tony Sycamore, a market analyst with IG, wrote in a note.

need MWDG to help to protect Minority shareholders' interests. RM1.66 net assets per share after consolidation (20shares x 8.3sen@31.12.23).. cash and assets... corp governance reform is a must

RSI(14) Neutral 47.5
Stochastic(14) Oversold 12.5
Average Volume (3M) 2,250,800

Kawan Food Bhd :)

@KingKKK

CONSUMER Sector (KingKKK) - Unveiling Potential Q2 Stars: APOLLO, DLADY, SPRITZER, FFB, F&N, GCB, QL, MRDIY, NESTLE, BJFOOD

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-04-06-story-h-184609490-CONSUMER_Sector_KingKKK_Unveiling_Potential_Q2_Stars_APOLLO_DLADY_SPRIT

21 hours ago

:) www.msn.com/en-my/news/other/hamas-is-writing-the-new-terror-playbook/ar-BB1lewHL?cvid=b012390fda7b48ffbb75cc908ae08138&ocid=winp2fptaskbar&ei=11

hah, up, 1.83 now hehe
Kawan Food Berhad, a company listed on the Kuala Lumpur Stock Exchange, is considered to have significant growth potential for several reasons:

- *Earnings Growth: The company is forecasted to grow its earnings by **18.9%* per annum¹, which is a robust rate indicating potential profitability and financial health.
- *Global Market: According to research, the global frozen food market is projected to grow at a CAGR of **3.4%* from 2019 to 2027⁴. With Kawan Food operating at a *60-65%* utilization rate, it is well-positioned to capture this demand growth due to its additional production capacity.
- *Product Range*: Kawan Food has a wide range of high-quality and affordable Asian delicacies that are sold worldwide, including in Western countries where there is a demand for such products².
- *Innovation*: The company's commitment to innovation is evident in its state-of-the-art manufacturing facilities and its ability to adapt to market trends and consumer preferences².

These factors contribute to the optimism around Kawan Food Berhad's potential in the market.

Bursa Malaysia (the stock exchange), the Securities Commission (SC), and minority watchdog groups like the Minority Shareholder Watchdog Group (MSWG) can collaborate in several ways to enhance corporate governance and protect minority shareholders' interests:

1. **Regulatory Framework**: The SC can provide a robust regulatory framework that encourages transparency and fairness in the market. This includes enforcing regulations that require companies to disclose material information promptly and accurately.

2. **Monitoring and Enforcement**: Bursa Malaysia can monitor listed companies for compliance with listing requirements, while the SC can take enforcement actions against companies that violate securities laws. Meanwhile, watchdog groups can keep an eye on corporate activities and report any irregularities to the authorities.

3. **Shareholder Activism**: Minority watchdog groups can promote shareholder activism by educating investors about their rights and how to exercise them effectively. They can also represent the interests of minority shareholders in engagements with company management.

4. **Research and Advocacy**: These groups can conduct research on corporate governance practices and advocate for policy changes that benefit minority shareholders. They can also publish reports and analyses to inform the public and regulators about the state of corporate governance in listed companies.

5. **Collaborative Initiatives**: Joint initiatives, such as the development of codes of conduct or stewardship codes, can be undertaken. For example, the Malaysian Code for Institutional Investors was developed to set out broad principles of effective stewardship by institutional investors².

6. **Financial Support**: The SC can provide financial support to watchdog groups to assist them in their setup and operational costs, as it did with a grant to Badan Pengawas¹.

By working together, these entities can create a more accountable and transparent market environment that is conducive to investment and economic growth.

protecting minority shareholders from being bullied or marginalized by majority shareholders is crucial for maintaining fairness and integrity in corporate governance. Close collaboration between regulatory authorities and watchdog groups can help ensure that minority interests are adequately represented and safeguarded.

https://www.klsescreener.com/v2/news/view/1305573

:)

There are no specific rules that define oppression but the test is really whether there is commercial unfairness in the treatment of a shareholder.

The textbook definition of minority oppression refers to unfair treatment or behaviour by a corporation, likely controlled by a majority shareholder(s) or director(s) of a company that disregards the minority shareholders.

In most cases, the acts carried out are in the best interest of the majority shareholder(s) or director(s) at the expense of minority shareholders.

Minority shareholders need more protection

MLABS Systems Bhd’s diversification into the factoring business through Ikhlas Al Dain Sdn Bhd is significant for several reasons:

Earnings Base Expansion: The move aims to expand MLABS’s earnings base and reduce the risk of business concentration1.
MOF-Approved Factoring: Ikhlas is approved by the Ministry of Finance to conduct factoring, development financing, leasing, and building credit, which allows it to collect payments directly from the ministry for invoices from government contractors and service providers1.
Financial Performance Improvement: The diversification is expected to improve MLABS’s financial performance and provide a better financial footing in the long run1.
Market Demand: There is a growing demand within the factoring market segment, which MLABS plans to tap into1.
Potential Contribution to Net Profit: The factoring business is anticipated to potentially contribute 25% or more of MLABS’s net profit1.
This strategic move is particularly important as MLABS has faced intense competition and was loss-making for years. By venturing into the factoring industry, MLABS is looking to leverage Ikhlas’s capabilities and market position to turn around its financial performance and secure a more profitable future

The partnership between MLABS Systems Bhd and LG Electronics is expected to bring in profit due to the master sales agreement for the distribution of LG products in Malaysia1. This agreement, which supersedes a previous memorandum of understanding, outlines the obligations and responsibilities of each party in the distribution process12.

The anticipation of profit from this partnership could be attributed to several factors:

Increased Revenue: The partnership is likely to increase sales and revenue for MLABS as they distribute LG’s products, which are popular and have a strong market presence.
Market Expansion: MLABS will benefit from LG’s established brand and wide range of products, potentially expanding its market reach and customer base in Malaysia.
Operational Efficiency: The collaboration may lead to improved operational efficiencies and cost savings through shared resources and expertise.

MLABS Systems Berhad and Seacera Group Bhd have entered into a joint venture to develop holiday villas in Kemaman, Terengganu. The project has an estimated gross development value (GDV) of RM156.46 million. The agreement involves Seacera’s wholly-owned subsidiary, Seacera Builders Sdn Bhd (SBSB), and Ikhlas Al Dain Sdn Bhd, an indirect wholly owned unit of MLABS. The development will take place on several plots of freehold Malay Reserve Land totaling 30.17 acres, owned by Ribuan Bakat Sdn Bhd1.

Under the terms of the joint venture, SBSB will pay RM11.5 million to Ikhlas in the form of units developed on the plots to secure the development rights.

Under the JV agreement, SBSB will pay RM11.5 million to Ikhlas in the form of units developed on the plots to secure the plots’ development rights. reflected in mlabs' consol ac...

CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As At As At
31.12.2023 30.06.2023
RM'000 RM'000
Note (unaudited) (audited)
ASSETS
Non-current assets
Property, plant and equipment 11,742 13,837
Right-of-use assets 2,296 2,590
Land development rights 11,215 11,215
Investment properties 18,449 18,424
Intangible assets 3,167 4,536
Other investments 5,775 4,725
Finance lease receivables 821 1,387
Trade receivables 69 239
Total non-current assets 53,534 56,953

Tile manufacturer cum property developer Seacera Group Bhd is partnering Ikhlas Al Dain Sdn Bhd, the indirect wholly owned unit of Mlabs Systems Bhd, to develop holiday villas in Kemaman, Terengganu that will have an estimated gross development value (GDV) of RM156.46 million.

In a bourse filing, Seacera said it on Friday (March 25) entered into a joint venture (JV) agreement with Ikhlas via its wholly-owned subsidiary, Seacera Builders Sdn Bhd (SBSB). Ikhlas was in August last year granted sole, exclusive rights by Ribuan Bakat Sdn Bhd to develop several plots of freehold Malay Reserve Land totalling 30.17 acres that Ribuan Bakat owns.

Under the JV agreement, SBSB will pay RM11.5 million to Ikhlas in the form of units developed on the plots to secure the plots’ development rights.

Seacera, said it may obtain financing from any reputable financier for the purpose of financing the development of the project after obtaining approvals from Ikhlas and Ribuan Bakat.

Datuk Seri Abdul Azim Mohd Zabidi, a director of both SBSB and Ikhlas, has abstained himself from any deliberation and decision-making involving the deal, the filing wrote.

The tile manufacturer said the JV represents an opportunity for it to further expand its revenue from property development.

mlabs should just issue free warrants to all shareholders. surely some would exercise it... Rm1.66 NTA, now ~20sen hahaha

actually, mlabs, asset rich including cash, the right issue is not neccessary punya... tak faham niat geng tersebut

post share consol now, NTA RM1.66, current price ~20sen... tak tahu apa strategi hidden hand gang.. mlabs' P/B value, say, 20sen / RM1.66~ 0.12 is the lowest among their listed companies on Bursa. check it out

Better to buy kawan products Dan makan Kat rumah

A TOTAL of 82 compounds and notices were issued to traders of Ramadan bazaars in Kuala Lumpur for selling contaminated food.

Kuala Lumpur City Hall (DBKL) collected 1,060 food samples from various bazaars operating in the city, from March 10 to 29.

30-days Price
Date Price Open High Low Volume
2024-04-04 0.195 0.185 0.205 0.185 1,322,000
2024-04-03 0.185 0.185 0.190 0.180 639,700
2024-04-02 0.185 0.235 0.240 0.180 5,180,500
2024-04-01 0.010 0.010 0.015 0.010 9,377,700
2024-03-29 0.010 0.010 0.015 0.010 9,021,500
2024-03-27 0.010 0.010 0.015 0.010 332,300
2024-03-26 0.015 0.010 0.015 0.010 1,244,500
2024-03-25 0.010 0.015 0.015 0.010 15,269,500
2024-03-22 0.010 0.010 0.015 0.010 1,815,700
2024-03-21 0.010 0.010 0.015 0.010 1,660,500
2024-03-20 0.015 0.010 0.015 0.010 39,641,000
2024-03-19 0.015 0.010 0.015 0.010 3,901,500
2024-03-18 0.010 0.015 0.015 0.010 3,918,600
2024-03-15 0.010 0.010 0.010 0.010 12,000
2024-03-14 0.015 0.010 0.015 0.010 360,000
2024-03-13 0.010 0.015 0.015 0.010 801,500
2024-03-12 0.010 0.010 0.010 0.010 465,000
2024-03-11 0.010 0.015 0.015 0.010 1,552,800
2024-03-08 0.015 0.010 0.015 0.010 2,047,400
2024-03-07 0.010 0.015 0.015 0.010 1,500,200
2024-03-06 0.015 0.010 0.015 0.010 4,195,200
2024-03-05 0.010 0.010 0.015 0.010 642,100
2024-03-04 0.010 0.010 0.015 0.010 1,510,100
2024-03-01 0.010 0.010 0.010 0.010 769,200
2024-02-29 0.010 0.010 0.010 0.010 94,000
2024-02-28 0.010 0.010 0.010 0.010 80,800
2024-02-27 0.010 0.015 0.015 0.010 49,100
2024-02-26 0.015 0.010 0.015 0.010 1,298,000
2024-02-23 0.010 0.010 0.010 0.010 748,000
2024-02-22 0.010 0.010 0.010 0.010 2,200,000
2024-02-21 0.010 0.010 0.010 0.010 466,000
2024-02-20 0.010 0.010 0.010 0.010 0
2024-02-19 0.010 0.010 0.010 0.010 0
2024-02-16 0.010 0.010 0.010 0.010 365,000
2024-02-15 0.010 0.010 0.010 0.010 117,200
2024-02-14 0.010 0.010 0.010 0.010 246,000
2024-02-13 0.010 0.010 0.010 0.010 0
2024-02-09 0.010 0.010 0.010 0.010 1,600,000
2024-02-08 0.015 0.015 0.015 0.010 3,100,300
2024-02-07 0.015 0.010 0.015 0.010 4,148,400
2024-02-06 0.010 0.010 0.015 0.010 3,241,000
2024-02-05 0.010 0.010 0.010 0.010 120,000
2024-02-02 0.010 0.010 0.010 0.010 490,000
2024-01-31 0.015 0.010 0.015 0.010 226,700
2024-01-30 0.010 0.010 0.010 0.010 70,000
2024-01-29 0.010 0.010 0.010 0.010 491,200
2024-01-26 0.015 0.010 0.015 0.010 245,000
2024-01-24 0.010 0.015 0.015 0.010 101,600
2024-01-23 0.015 0.015 0.015 0.015 0
2024-01-22 0.015 0.010 0.015 0.010 1,361,000
2024-01-19 0.010 0.010 0.010 0.010 122,600
2024-01-18 0.010 0.015 0.015 0.010 656,900
2024-01-17 0.010 0.010 0.010 0.010 157,500
2024-01-16 0.010 0.015 0.015 0.010 12,206,200
2024-01-15 0.015 0.010 0.015 0.010 500,400
2024-01-12 0.015 0.010 0.015 0.010 1,000,100
2024-01-11 0.015 0.010 0.015 0.010 6,200
2024-01-10 0.015 0.015 0.015 0.010 500,100
2024-01-09 0.015 0.015 0.015 0.010 492,100
2024-01-08 0.015 0.015 0.020 0.010 64,419,900

Bid 71%
Sell 29%
5 681,200 0.195 0.200 202,000 11
6 94,500 0.190 0.205 307,900 13
17 810,000 0.185 0.210 204,500 6
7 789,700 0.180 0.215 366,700 7
2 700,000 0.175 0.220 200,000 4

nice2watch :0

Time Price Chg Vol
10:31:28 0.200 +0.005 100
10:25:35 0.195 23,500
10:25:09 0.195 26,500
10:09:34 0.195 5,000
10:08:49 0.195 1,700
10:08:06 0.195 100,000
10:07:42 0.195 50,000
10:07:36 0.195 10,000
10:06:44 0.195 100,000
10:06:21 0.195 4,000
10:05:12 0.195 10,000
10:00:09 0.195 11,200
09:53:49 0.195 34,400
09:34:30 0.195 +0.005 30,000
09:22:48 0.190 -0.005 8,000
09:00:00 0.195 2,000

For those looking to try hidden hand stocks, mlabs is the best option based on value and business proposition. Not suggesting to buy it, ya. I really hope this gang bertaubat... dont play2 with kerajaan madani...

But i really cant see the rationale of the gang... right issue, private placement pumped in berpuluh2 juta ringgit... tapi biarkan harga syer at 20sen now walaupun net aset sesaham at RM1.66 after share consolidation. but really if we want to buy a stake, say, 1% ~7.2mil shares, 20sen tak dapat lah hehe

contractors boleh use factoring services offered by mlabs :)

Public infrastructure projects to drive construction sector
NST Thu, Apr 04, 2024 11:36am - 23 hours


KUALA LUMPUR: Public infrastructure projects are expected to drive construction sector contracts in the coming quarters, with sizable projects in the pipeline.

Hong Leong Investment Bank Bhd (HLIB) noted that public contracts in the first quarter of 2024 (1Q24) remained sluggish, decreasing by 3.8 per cent year-on-year (YoY).

However, the investment bank said for the remaining quarters of 2024, it looks forward to the rollout of big ticket infrastructure projects like Penang LRT worth more than RM10 billion, Pan Borneo Sabah Phase 1B (RM15.7 billion), flood mitigation packages (RM11.8 billion), Sabah-Sarawak Link Road (RM7.4 billion), LRT3 reinstatement (RM4.7 billion), KUTS-Green Line, and water scheme projects.

"There are also other basic infrastructure projects to come, funded by the high level of development expenditure of RM90 billion.

"These projects should help drive contract flows in 2024, while the pipeline from industrial projects and data centers remains highly robust.

"Johor has been touted as the fastest-growing data center market in the Southeast Asia region," it said in a note.

Meanwhile, HLIB also said it anticipates further developments on Johor LRT (RM20 billion) and Kuala Lumpur-Singapore high-speed rail (HSR) in the coming months.

It added that the former serves as a critical dispersal system for the incoming Johor Bahru-Singapore Rapid Transit System (RTS), which will be operational in 2027.

HLIB also noted that though there was disappointment over MRT3, its base case is a retender of the project as government priorities state infrastructure developments.

According to HLIB, domestic contract awards to listed contractors totalled RM6.96 billion in 1Q24.

Contracts during the quarter were off to a strong start, driven by private sector jobs, as public contracts contributed approximately 15 per cent of 1Q24 contract flows.

On private sector jobs, it was noted that flows came from commercial and residential development projects, while there were two contracts from the data centre space.

Kalau analyse mlabs accounts , Dana right issue Dan private placement , most of them masih berada dalam sykt... NA per syer rm1.66, zero gearing, dll

Tak Tahu rasional geng tersebut.


3.6sen x 20=72sen per share
Private placement of 241,568,000 Shares at an issue price of RM0.0360 each
which was completed on 14 September 2021

Debt free zero gearing net assets per share rm1.66, profitable Islamic factoringbiz, very tempting indeed hehe

19.5-20sen now. Some saw the valu n potential giving hidden hand gang the last chance haha

shortselling tak dibenarkan bagi mlab..Short Sell Indicator tiada.... ada syer baru boleh sell.. haha.. selling hari pertama selepas syer konsol dah berhenti...yesterday mulai naik pulak hehe wait n see...opportunity for trading, etc probably...

Share Issued72.470m
Market Cap RM14.131m
Net assets per share RM1.66
Zero gearing.

perlu tukar subsector kpd Fintech.. kini buat islamic factoring biz :)

085 MLABMLABS SYSTEMS BHDDetailed StatusActive.Member of Indices-

ISINMYQ0085OO009Stock ExchangeBMListed OnACE MarketSectorTechnologySub-SectorTechnology Equipment

Monthly
Download Data
04/05/2022 - 04/05/2024
Date Price Open High Low Vol. Change %
04/01/2024 0.195 0.010 0.235 0.010 16.51M NaN% (Harga selepas konsol syer)
03/01/2024 0.015 0.010 0.015 0.010 88.76M +50.00% (20sen - 30sen)
02/01/2024 0.010 0.010 0.015 0.010 18.36M -33.33% (20sen - 30sen)
01/01/2024 0.015 0.015 0.020 0.010 181.98M 0.00% (20sen - 40sen)

Tahun ini... gerakan harga secara bulanan, Bulan Jan sampai Aprl 2024 kini :)

MLBS Historical Data
Time Frame
Monthly
Download Data
04/05/2022 - 04/05/2024
Date Price Open High Low Vol. Change %
04/01/2024 0.195 0.010 0.235 0.010 16.51M NaN%
03/01/2024 0.015 0.010 0.015 0.010 88.76M +50.00%
02/01/2024 0.010 0.010 0.015 0.010 18.36M -33.33%
01/01/2024 0.015 0.015 0.020 0.010 181.98M 0.00%

Pagi2 dah ada orang beratur hehe

Beli lwn Jual
1 2,000 0.195 0.195 16,400 3
5 220,800 0.190 0.200 146,000 6
7 510,000 0.185 0.205 236,100 11
6 689,700 0.180 0.210 70,000 3
2 700,000 0.175 0.215 366,700 7

Macam those mau jual post share consol dah jualkan semua... moving up again.... hmm

Date Price Open High Low Volume
Today ??? ????
2024-04-04 0.195 0.185 0.205 0.185 1,322,000
2024-04-03 0.185 0.185 0.190 0.180 639,700
2024-04-02 0.185 0.235 0.240 0.180 5,180,500
2024-04-01 0.010 0.010 0.015 0.010 9,377,700
2024-03-29 0.010 0.010 0.015 0.010 9,021,500
2024-03-27 0.010 0.010 0.015 0.010 332,300
2024-03-26 0.015 0.010 0.015 0.010 1,244,500
2024-03-25 0.010 0.015 0.015 0.010 15,269,500

RSI(14) Neutral 47.5
Stochastic(14) Oversold 12.5
Average Volume (3M) 3,319,900

72mil shares market cap rm14mil+, 10% stake=rm1.4mil, can ask for a seat in the BODs already haha

Share buyback like Alibaba :)

"Alibaba stock: Morgan Stanley notes acceleration in share repurchase rate"

Meanwhile, Morgan Stanley has also observed that Alibaba has maintained its strategy of divesting non-core assets throughout the year.

https://uk.investing.com/news/stock-market-news/alibaba-stock-morgan-stanley-notes- acceleration-in-share-repurchase-rate-432SI-3416234

IDF operations continue in Gaza, terrorist infrastructure eliminated in Lebanon
IDF immediately targeted the structure with a fighter jet and an IAF aircraft, resulting in both the cell's elimination and the destruction of the terrorist infrastructure.
By JERUSALEM POST STAFF
APRIL 4, 2024 11:14
Updated: APRIL 4, 2024 11:40
www.jpost.com/israel-hamas-war/article-795301

'Our blood will not be exploited': Fatah attacks Iran over West Bank chaos
The statement from Fatah came as the Palestinian Authority has asked the United Nations Security Council to vote this month to make it a full UN member.
By REUTERS
APRIL 3, 2024 18:20
Updated: APRIL 3, 2024 20:26
www.jpost.com/israel-hamas-war/article-795222

Nobel Prize laureate: Israel must reoccupy Gaza Strip
At the Table: Prof. Yisrael (Robert) Aumann, who won the Nobel Prize for work on conflict, cooperation through game-theory, said Israel should establish military presence in Gaza.
By ERICA SCHACHNE, MAAYAN JAFFE-HOFFMAN
APRIL 1, 2024 15:14
Updated: APRIL 1, 2024 15:55
www.jpost.com/israel-hamas-war/article-794770

www.youtube.com/watch?v=6QjZ5IXgF9c








Apr 4, 2024 #FMTNews #ZaidIbrahim #DrAkmalSaleh
The former law minister claims when he was charged in 2015, a policeman had lodged the first report.

www.youtube.com/watch?v=IMXEoQvlmQ8 The firebrand Umno-Baru Youth leader, Akmal Saleh spewed hatred (16 March)
What did Anwar do? Nothing!
He may have made a little noise a week after Akmal's initial hate speech. He could have nipped the problem in the bud.
It was only after two arson attacks that Anwar spoke-up... Aiyah...Too little too late!
For the cybertroopers & Akmal fans, this video is based on established news. Don't be in denial.

fighting terrorism kini hehe
NGOs: Bar Akmal, hate preachers from entering East M'sia regions
www.malaysiakini.com/news/701668

small contractors can use the factoring services hahaha a booming msian construction industry 2024

“Given the country’s tight fiscal position, it makes sense for the Malaysian government to prioritise tax collection and subsidy rationalization to bolster the fiscal stance, reinvigorate the economy, and enhance citizens' well-being. Overall, it is anticipated that the M40 and T20 groups will be most affected by subsidies cut and higher tax measures, thereby impacting the Consumer Discretionary sector, while the Construction sector stands to benefit from increased allocation for development and new projects."

closed at 1.82... good ,... ex-div... share buyback, its potentials for privatisation, takeover offer like mamee, oldtown, F&N, munchy and many more