Final episode: PN17 KNM is expected to fall everyday in the next 4 trading days, just before 30th October 2023, when High court would decide on the Restraining Order (“RO”) for KNM.

If RO is extended by High Court, creditors cannot demand payment via court until RO is lifted at later date.
If RO is lifted by High Court, creditors would demand payment via court and KNM may be bankrupt, then delisted from the exchange.
Earlier, the RO was extended 3 times by the High Court.
On the last extension, a reasonable bystander would think that the court wanted to wait for the outcome of the recent EGM on 16th October 2023 before making decision. However, since the old management remains on board, most likely the RO will be lifted.
The Tunku Yaacob's men were on the board of Malaysian Merchant Marine (“MMM”), before it was delisted.
History normally would repeat itself again?
Before MMM is delisted, the price of shares would drop to RM0.005, with sellers queueing at RM0.005 and no buyer queueing.

In just 4 trading days, ie 30th October 2023, High court would decide on the Restraining Order (“RO”) for KNM.

If RO is extended by High Court, creditors cannot demand payment via court until RO is lifted at later date.
If RO is lifted by High Court, creditors can demand payment via court and KNM may be bankrupt, then delisted from the exchange.
Earlier, the RO was extended 3 times by the High Court.
On the last extension, a reasonable bystander would think that the court wanted to wait for the outcome of the recent EGM on 16th October 2023 before making decision. However, since the old management remains on board, most likely the RO will be lifted.
The Tunku Yaacob's men were on the board of Malaysian Merchant Marine (“MMM”), when it was delisted.
History normally would repeat itself again?
Before MMM is delisted, the price of shares would drop to RM0.005, with sellers queueing at RM0.005 and no buyer queueing.

Focus Malaysia:
Will Zahid-linked MQTech, Jiankun spike on DPM-ship rumour?
AWAKEN from its deep slumber, Advance Synergy Bhd, a counter traditionally linked to Datuk Seri Anwar Ibrahim, emerged as the darling stock in the local bourse during the run-up to his official appointment as Malaysia’s 10th Prime Minister (PM).


Following the dissolution of Parliament on Oct 10, the penny stock has skyrocketed almost 400% from a low of 6.5 sen on Nov 4 to a high of 32 sen on Thursday (Nov 24) which coincided with the National Palace consenting the appointment of the Pakatan Harapan (PH) chairman as PM.



A typical example of ‘buy on rumours, sell on facts’, the Main Market-listed company which is listed under the consumer products & services sector, nevertheless nosedived 5.5 sen or 21.15% to close at 20.5 sen on Friday (Nov 25) as the most actively traded stock with 721.11 million shares exchanged hands.

Obviously, the question on every stock punter’s mind now is which politically linked counter will be next? As the vacancy for the PM’s post has been filled, could eyes now turn to the counter/s-linked to the individual who will assume the Deputy Prime Minister (DPM) post?

“The main coalitions to Anwar’s unity government are PH and Barisan National (BN),” a market observer who does not wish to be named shared with FocusM. “Since the PM is from PH, it is not too far-fetched to expect a DPM from the BN camp to be one of the potentially two DPM candidates (the other is likely from Sabah/Sarawak).”

The market observer who is also a seasoned stock punter himself zeroed in on BN’s chairman and UMNO president Datuk Seri Ahmad Zahid Hamidi amid “strong rumours that he would most likely be the lucky one”.

“MQ Technology Bhd and Jiankun International Bhd are both linked to Zahid,” he rationalised. “Zahid’s daughter Datuk Nurulhidayah Zahid is on the board of MQTech (serving as vice chairman) while his son-in-law, Datuk Saiful Nizam Mohd Yusoff is on the Jiankun’s board (serving as deputy chairman).”

Added the market observer: “It will be interesting to see if these two counters are able to repeat as similar feat as ASB in the coming days given the full list of Anwar’s Cabinet line-up has yet to be revealed.”





Last Friday (Nov 25), MQTech closed down 0.5 sen or 11.11% to 4 sen with 17.41 million shares traded while Jiankun shed 0.5 sen or 2.27% to close at 21.5 sen with 1.25 million shares exchanged hands.

“If history does repeat itself, the target price of MQTech should be around 20 sen while Jiankun could soar to as high as 50 sen,” speculated the market observer.

“Even if the performance of both counters are half that of ASB, prospect of a surge in their prices should be appealing enough to draw significant attention to put them into the 10 most actively traded stock list.” – Nov 29, 2022

Soon, Inix’s going to acquire a semiconductor manufacturer, supplying semiconductors to electricity and autonomous vehicle manufacturers like Tesla. Inix going to fly like Dataprep and DNex

Inix’s going to acquire a semiconductor manufacturer, supplying semiconductors to electricity and autonomous vehicle manufacturers like Tesla. This share going to fly like Dataprep and DNex

MQTech is in Semiconductor sector. will limit up like Dnex and Dataprep soon

MQTech is in Semiconductor sector. will expand production capacity soon and limit up like Dnex and Dataprep.

MQTech is in Sub-sector Semiconductor. Soon will limit-up like Dnex and Dataprep.

Opcom will be sold to a new owner at 88 sen today or tomorrow

iNix registers with NPRA and secures 3 suppliers for Covid-19 Vaccines

Kuala Lumpur, 12th January 2021: iNix Technologies Holdings Bhd’s (“iNix”, Stock code 0094) wholly-owned subsidiary, INix Network Sdn Bhd ("iNix Network") has submitted its application for registration with Malaysian National Pharmaceutical Regulatory Agency (“NPRA”) of Ministry of Health (“MoH”) late yesterday pursuant to its earlier agreement to source vaccine for Covid-19 from China.

iNix's suppliers for the Covid-19 vaccine are Sinovac Biotech Co Ltd, Cansino Biologics Inc and Sinopharm China National Biotech Group Co Ltd (“CNBG”).

iNix's registration with NPRA is essential for the distribution of vaccine in Malaysia. Malaysia government has to ensure that only vaccines which meet the MoH's requirements will be registered and used in Malaysia. This evaluation process is made by Product Evaluation Committee of NPRA and drugs control authority for approval before the Covid-19 vaccine can be used in Malaysia.

Yesterday, the Prime Minister of Malaysia, Tan Sri Muhyiddin bin Haji Muhammad Yassin said, “To achieve group immunity, as much as 60% to 70% or 20 to 23 million Malaysians need to be administered the Covid-19 vaccine. For now, the government has already signed a preliminary agreement with Covax facilities, Pfizer and AstraZeneca for the procurement of the Covid-19 vaccines to secure the supply of vaccine for approximately 40% of the population .The government is also in the final stage of negotiations with Sinovac, Cansino and Gamaleya to obtain a guaranteed vaccine supply for 80% of the total population of the country or 26.5 million.”

As and when iNix has received the approval from MoH, iNix would be able to import the vaccine and supply the same to MoH to conduct 3rd Phase Clinical Trial in which it would be fully sponsored by iNix as INIX’s CSR initiative. This first clinical trial in Malaysia is expected to involve approximately 3,000 volunteers.

iNix with Double Turbo Jet Engines

iNix has 2 gigantic business opportunities, namely glove manufacturing and Covid-19 vaccine trading.

The recent resignation of auditor and appointment of new auditor has caused delay in review of iNix and L&S account to ensure that the consolidated account after the acquisition does not trigger change of business direction of iNix and complicate the acquisition.

The review of accounts is expected to be completed by next week and spa between the 2 companies will be executed on the following day.

All medias including 5 TV stations and at least 25 mainstream newspapers will be covering the signing ceremony event at L&S factory in Beranang and the guest of honour will be a high ranking government officer.

At the factory, all the media would witness the commissioning of the 3rd and 4th production line.

According to the the director of L&S, those additional production lines are expected to complete around CNY. Huat ahhh.

Thereafter, Inix would add 2 production lines every 2 and a half months. The targeted production lines on site is 14 lines and according to L&S, their have received order for next 2 years for all the planned 14 lines.

The expected net profit for all these 14 lines is RM5 million per month. Based on pe of 17x as per a stockbroker report, iNix should worth RM1.80 per piece.

The second turbo jet engine is the vaccine for covid-19.

iNix has placed order for 20 million trenches doses of vaccine at around RM200 per doses and will eventually order 5 trenches of 20 million doses or 100 million doses.

If iNix make 5% or RM10 per dose, the expected profit is RM1 billion or RM2.15per share.

iNix will give to its shareholders priority or incentive of 1% discount every 1,000 shares they owned with a maximum of 50% discount.

For example, if a person owns 30,000 shares, he or she can buy 1 dose of vaccine at 30% discount.

According to a source close to kkm, iNix has received the letter of support the importing of 10,000 doses of vaccine for testing. The vaccine will be brought for testing very soon.

If we combine the rubber gloves valuation of RM1.80 and vaccine profit of RM2.15 per share, inix should worth RM3.95.

MQTech and JD is scheduled to sign spa of glove factory on Monday morning.
Good luck

MQTECH volume on last Wednesday was 401m, Thursday 341m, Friday 68m.
Heavy Force selling is expected up to this Tuesday.
I heard, MQTECH may not be joining JD to buy the glove factory.
Latexx has appointed JP Morgan as exclusive agent and won't be selling to MQTech.
MQTECH will announce capital reduction 10 shares into 1 this week and shares price will tank to 3 sen.
Sell while you can

MQTECH volume on last Wednesday was 401m, Thursday 341m, Friday 68m.
Heavy Force selling is expected up to this Tuesday.
I heard, MQTECH may not be joining JD to buy the glove factory.
Latexx has appointed JP Morgan as exclusive agent and won't be selling to MQTech.
MQTECH will announce capital reduction 10 shares into 1 this week and shares price will tank to 3 sen.
Sell while you can

JD boss is a tycoon, named Damien (Penang) who owned listed company in Singapore. JD will used MQTECH to do RTO of medical rubber glove factories to fill part of it's European orders which is currently filled by Top Glove, Supermax, Rubberex, Kossan and Hartalega. More nitrite / medical rubber glove factory will be purchased at the right price in months to come. Even after pendamic, demand rubber glove will remain high as there's a paradigm shift in the sop of many service industries especially those in the front lines.