Morning, let see how EATECH gonna perform today after the outcome of EGM yesterday.

@cedcan - yes, usually after working hour. 5pm onward
@trader5 - Thank you for the clarification. You save us but still nervous on why they want to submit it on the last day of submission date.

I wait this EGM minutes. Read word by word, then I decide to hold, collect more or sell.

PN17 is a risky counter, being delisted is imminent. If we look into EATECH, they have been given 1 year to submit reg plan, then extend until 6 month after that. Which means, 18 months from the date they being PN17. Now its up to SC to approve their extension. What im worried about, they only have 5 business day to submit their new reg plan, but until today, no news on that. This can be reflect on the chart too.

Yes, EATECH has tendency for that. To be delisted if the reg plan not meet the date.

No one attend the EGM today? Mind to share here?

Same as yesterday, suddenly more selling pressure but now at 0.22 cents.

Selling pressure keep coming.

Q2 2023 for eatech is on 29 August 2023. But the main concern now is their reg plan.

Next week is the last week for eatech to submit their reg plan on PN17 status. If they failed to submit on 24th August 2023, SC will suspend their shares.

2 Million qsell now at 0.23. Can MK Land swallow all of it today? Exciting

Weird, no power on EGM day.

0.225 now, will it touch 0.23 today? Wow

0.21 seems strong resistance. I think someone want to collect more below 0.21cents.

Yeah let's TP 50 CENT. Hoping there will be some great news in EGM today.

KUALA LUMPUR (Aug 16): UEM Group Bhd has secured majority shares in Cenergi SEA Bhd, a sustainable energy solutions company, from sovereign wealth fund Khazanah Nasional Bhd, and plans to grow its new subsidiary’s renewable energy (RE) business.

At present, Cenergi has in the pipeline biogas, rooftop solar and solar farm projects that are under construction and development in Malaysia. In addition, its subsidiary Cenergi EE Holdings Sdn Bhd was recently allotted a 29.99MW alternating current quota under the Energy Commission’s Corporate Green Power Programme.

Now let see, who want to secures shares in MK Land for this RE business.

Big volume come in at 0.24 & 0.245. Will it touch 0.25 today? Let see

I hope so nemesis, if there are some profit taking activity, hoping there are enough buyer to support the price.

Greetings all, let see how MK Land performance today. Will it go higher or retrace back to 0.19? Go MK Land

Morning all, let see will EATECH 'eat' 0.25 resistance before EGM tomorrow?

That's all for today folks, 0.24 the magic number.

Why keep selling at 0.21??? This is insane

Wow 0.21 break, so exciting. Smart money has entered the game. Holddd

Thank you for the explanation RNAV, nemesis. You have pique my interest to go deeper on this hidden gems. Its still fascinating that the company can maintain a good financial even PKP era. They are sleeping giant, now time to wake them up. Good call

Let me breakdown to you what nemesis means by this statement,

'It is supported with Net Asset Value of 1.02 per share with zero gearing.'

Gearing, also known as leverage, refers to the extent to which a company is financed by debt (loans or bonds) compared to equity (shares). A company with zero gearing means that it has no debt in its capital structure; it is entirely funded by equity.

Net Asset Value is a measure used in finance to determine the value of a company's assets minus its liabilities. It essentially represents the per-share value of a company's assets. In this context, the Net Asset Value is given as 1.02 per share. This means that, according to the calculation, each share of the investment or company is worth 1.02 based on its underlying assets and liabilities.

Putting it together, MK Land has a Net Asset Value of $1.02 per share. Additionally, the company has no debt or gearing, meaning it's financed solely through its own equity.

New base is being formed. Resistance become support at 0.23. Collect now if you have missed the 0.17 ticket.

Yes, I saw the pattern. Before this, EV and now is RV. All EV players has reap their profits, now RV players turn. Let see.

Corporate Green Power Programme (CGPP

CGPP is a virtual power purchase agreement between a corporate consumer and a solar power producer for the virtual supply of energy. This enables corporates to participate in the promotion and use of RE in their business operations, the brokerage noted.

The government expects to introduce two new road maps potentially by end of August this year. These are the National Energy Transition Roadmap and the Hydrogen Economy and Technology Roadmap.

Solar Citra Sdn Bhd (“SCSB”), a wholly-owned subsidiary of M K Land Resources Sdn Bhd, which in turn is a wholly-owned subsidiary of the Company, has received a Letter of Notification of Application Status for Corporate Green Power Programme (For Solar PV Plant) (“CGPP”) from the Energy Commission (“EC”) dated 7 August 2023, where the consortium of SCSB and TotalEnergies Renewables SAS was one of the consortium selected out of 71 applicants as a successful Solar Power Producer under the CGPP.

The consortium’s application has met the criteria as stated in the Information Guide for CGPP (For Solar PV Plant) (“CGPP Information Guide”) for the Development of Photovoltaic Plant under the CGPP, with capacity of 29.99MW in Mukim Padang Meha, Daerah Kulim, Kedah for commercial operation in 2025, subject to fulfilment of additional requirements of CGPP Information Guide, Single Buyer (ring-fenced entity within Tenaga Nasional Berhad) and New Enhanced Dispatch Arrangement (NEDA) Programme.

LSS4 - Large Scale Solar 4 (LSS4)

Malaysia has opened competitive bidding for one gigawatt (GW) of solar plants worth about RM4 billion, the largest capacity offered under its Large Scale Solar (LSS) scheme. The Ministry of Energy and Natural Resources, via the Energy Commission, is requesting proposals through competitive bidding process for the development of the fourth cycle of LSS (LSS4) projects. The solar plants under LSS4 are expected to start operating latest by December 31 2023, as the development of each plant would take up to 18 months. LSS4 offers a 1.0GW solar quota through the bidding process and is opened to fully-owned local companies or with at least 75 per cent local shareholding for companies listed on Bursa Malaysia. The projects are expected to be commissioned by end-2023, with a term of 21 years for each LSS plant.

M K Land is pleased to announce that Solar Citra Sdn Bhd (“SCSB”), a wholly-owned subsidiary of M K Land Resources Sdn Bhd, which in turn is a wholly-owned subsidiary of the Company, had on 30 May 2023 achieved Commercial Operation Date (“COD”) for the LSSPV Project under LSS4@MEnTARI.

The Energy Commission (“EC”) through its Letter dated 10 July 2023 notified SCSB of the following:

1. Based on Clause 3.3 Conditions Precedent to Commercial Operations of the Power Purchase Agreement (“PPA”) dated 26 August 2021 and Letter from Tenaga Nasional Berhad (“TNB”), EC confirms that documents for testing and commissions is complete.

2. TNB confirms that SCSB has fulfilled the requirement and the main pre-requisite of the Guidelines on Large Scale Solar Photovoltaic Plant for Connection to Electricity Networks, 2016.

3. EC has no objection for the solar power plant belonging to SCSB for COD on 30 May 2023.

4. The LSSPV Project is the first successful completion under the LSS4@MEnTARI in the state of Perak Darul Ridzuan. The LSSPV Project will provide a steady stream of recurring income from electricity sales for SCSB.

With the 4-year PPA extension for LSS4 projects, the earning visibility for SCSB will be strengthened for the next 25 years, as compared to the initial 21 years.

Remember guys, this Thursday (17/08/2023) is EGM for eatech. Good news incoming.

For anyone who think what is RE, please read this article.

https://www.reuters.com/plus/malaysias-renewable-energy-transition

Malaysia government really want to fulfill this policy and need to be done asap before 2025.

MK Land have potential. It just a matter of time now.

Next swing gonna be home run as the base now at 0.23.

EP @ 0.19, TP @ 0.28 = ROI 100%

KT Lim or known as Lim Kok Thay is the chairman of the Genting Group who have net worth 2.2 Billion USD. The new white knight?

As predicted.

Surreal, many comes to comment again.

will it break 0.165 today? We will see.

As expected, heavy sell off is happening. Based on Fibo Retracement, the rebound may happen on 0.195-0.185. If the vol is coming back, expect more to come.

Today maybe will be some retracement, expect heavy sell off. Those have taking profits, congrats. For those who are still hold and expect next price pushing, behold, there will be turbulence ahead. Make sure CL have been determined and cut like a robot.

0.23! Amazing for today game

Who bought at 0.17, it is safe to take TP1 at 0.22. hehe

break 0.215, now at 0.220. Holdddd

will MKL fly this week?

RSI almost touch 70, it tells the stock is almost 'overbought' now. Some stock will retrace or correct after this, but let see how smart money want to play.

Volume keep coming in. 0.23 incoming

It's okey @thecrown, im not sure either but this is the sign when price want to jump higher. Maybe it will retrace not more than 7%-10%, if it rebound, it can pass through the resistance.

Big volume coming in. Good sign now

EATECH just need approved regularisation plan by SC and to immediately generate net profits or positive operating cash flow in 2 consecutive quarterly results immediately after the completion of the implementation of the regularisation plan in order to get out from PN17.

Looking into QR, no problem for that, the only matter now is approval of regularisation plan by SC.

Great explanation, next week EGM will talk more on vessel disposal and new regulation plans. The price will go back to the price before TS Rashid offer.