watch out its warrant

shashen, not yet. Wait for few months

No, numbers of people suspected Eddie Ong as only share manipulator. I am not so sure that is true as his partisan in Binacom seems to be some manipulation in contract.

Yes, back tracking to flush out all small small fish like me and letting all the sharks coming in at the moment. I doubt next week FSBM can go up , but who knows.

Assuming nothing happen for HSR for MRCB BUT ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,Malaysian Resources Corporation Berhad (MRCB) has been actively involved in several key developments recently. One of the most notable is the redevelopment of the overcapacity Kuala Lumpur Sentral station, which has been approved by the government. This project, valued at over RM1 billion, will see MRCB working under a private finance initiative (PFI). It is expected to enhance the station's infrastructure and capacity, given its current overload of daily commuters.

Additionally, MRCB has been part of a consortium, alongside Berjaya Rail, IJM Corp, and Keretapi Tanah Melayu Bhd, submitting a proposal for the Kuala Lumpur-Singapore High-Speed Rail (HSR) project. This proposal is currently under review, with discussions surrounding revenue augmentation through property and media rights.

In terms of property development, MRCB is set to launch RM4 billion worth of projects in 2024, with a sales target of RM800 million, mainly from domestic ventures. The company's value-unlocking initiatives have placed it in a strong position for growth, especially with the expected commercial developments surrounding the KL Sentral and Shah Alam stadium projects​

who is Eddie? HEXTAR Group CEO Datuk Eddie Ong Choo Meng is probably one of the most talked about corporate personalities in the investing fraternity. Over the past few years, the 44-year-old businessman and his family vehicle, Hextar Holdings Sdn Bhd, have been actively buying into companies.

Today, Ong and his family control nine public-listed companies (PLCs) on Bursa Malaysia. They also have minority stakes in another 30 PLCs.

Ong has been involved in corporate actions ranging from mergers and acquisitions (M&A) to asset injections, asset sales, business diversification and takeover offers — all within a span of five years, if not shorter.

Some retail investors have been tracking his acquisition trail as they somehow believe he can provide the catalyst for a share price rally. However, conservative investors see him in a different light, to say the least.

So, just who is Ong?
In 1985, his father Datuk Ong Soon Ho started agrochemicals marketing firm Hextar Chemicals Sdn Bhd in Klang, Selangor. This gave him a base to grow the Hextar Group of Companies into the country’s largest pesticide producer. The group manufactures chemical fertilisers and industrial chemical products, among others.

Ong entered the Malaysian corporate scene by engineering a reverse takeover of Hextar’s rival Halex Holdings Bhd in 2017. Subsequently, Hextar’s agrochemical arm, Hextar Chemicals Ltd, was injected into Halex for RM596.79 million. The latter was then renamed Hextar Global Bhd.

But it was Rubberex Corp (M) Bhd where Ong made a massive killing as the share price skyrocketed from a low of 24 sen to a peak of RM2.95 (after price adjustment following bonus issue of shares).

The investment allowed him to ride the unprecedented glove mania during the Covid-19 pandemic in 2020. He made his name with that move.

However, Ong attributes the lucrative investment to luck. “Whether Rubberex was the Midas touch, if you ask me, the answer may be no. I was very lucky,” he says in an interview.

Notably, Ong bought a 27% stake in the Ipoh-based glove maker in late February 2020, a few months before the start of the global Covid-19 pandemic. Logically, the return on investment would have boosted his war chest, allowing him to be aggressive and bold in his ventures.

Ong also has under his belt companies such as Hextar Industries Bhd (formerly known as SCH Group Bhd), Hextar Technologies Solutions Bhd (formerly known as Complete Logistic Services Bhd), Classic Scenic Bhd, KIP Real Estate Investment Trust (REIT), Pekat Group Bhd, SWS Capital Bhd and Opcom Holdings Bhd. Recently, a series of corporate exercises involving Hextar Industries, Hextar Tech, Classic Scenic and KIP REIT cast the spotlight on him again.

Wake up guys , coming around the corner ------------------------As of September 2024, Opcom Holdings Bhd (now renamed Hextar Capital Bhd) is actively involved in strategic acquisitions and share movements. One key development is the increase in the stake held by Hextar Capital's CEO, Eddie Ong, who now controls 20.7% of the company's shares. There has been significant insider trading activity, with substantial disposals of shares by major shareholders, including over 16 million shares sold by a company director​.These moves reflect ongoing efforts by Opcom/Hextar Capital to position itself strategically, possibly leveraging its telecommunications sector capabilities after recent expansions like its increased stake in Binasat Communications​.

Opcom Holdings Bhd has acquired an 18% stake in Binacom, marking a strategic collaboration to enhance their telecommunications services. This partnership aligns their capabilities, with Binacom focusing on underserved regions in Malaysia, including projects like installing Very Small Aperture Terminals (VSATs) and Point of Presence (PoP) setups​

Telecommunication support services provider Binasat Communications Bhd has bagged a RM58.26 million contract to supply and install cable systems from Tenaga Nasional Bhd (TNB). Binasat said the contract is for the double-circuit underground cable from Pencawang Masuk Utama (PMU or substation) Titiwangsa to PMU Genting Kelang, and from PMU Genting Kelang to PMU Kampung Lanjut. The job is expected to take about 910 days or nearly two-and-a-half years to complete. — Binasat unit clinches RM58.26 mil cable systems contract from TNB

MRCB is part of a consortium bidding for the HSR project, in partnership with friendly party to Johor, Berjaya Rai . Then you have IJM Construction, and Keretapi Tanah Melayu (KTMB). The project aims to improve connectivity between Kuala Lumpur and Singapore. The HSR initiative could potentially align with the redevelopment of KL Sentral, which would be a strategic advantage for MRCB if the HSR passes through this hub.

brothers, finger crossed, 0.28 today

Inari Amertron Berhad's recent stock drop can be attributed to several factors. Firstly, the company's earnings for the June quarter were lower than expected, which negatively impacted investor sentiment. Additionally, the stronger Malaysian ringgit, which appreciated to around 4.33 against the U.S. dollar, has affected companies like Inari that rely on U.S. dollar-denominated revenue. As the dollar weakens, these firms see a decrease in their earnings when converted back to ringgit.

Another contributing factor is the broader tech sector's performance, particularly in relation to key clients like Nvidia. Nvidia's recent mixed earnings report and concerns about future demand, coupled with production issues, have created a ripple effect across the semiconductor industry. This, along with general concerns about global demand for semiconductors, has put pressure on Inari's stock price.

There are also concerns about potential overreliance on key customers and how global economic shifts could impact future revenues

FSBM Holdings Berhad has seen recent positive performance and strategic developments, but predicting its short-term stock movement for September 11, 2024, involves a few factors. The company has experienced revenue growth and profit improvements, particularly due to its technical support, refurbishment services, and smart manufacturing projects. In its Q1 2024 results, FSBM posted a 25% year-on-year growth in revenue, alongside a 200% increase in profit after tax, marking nine consecutive profitable quarters.

However, FSBM is still under PN17 status (a financial distress classification), although it has completed a regularization plan aimed at addressing this issue. Market sentiment around the stock could fluctuate as investors react to its ongoing PN17 recovery efforts, recent rights issues, and strategic focus on AI and cybersecurity sectors​(

Keep in mind that any stock movement can also be influenced by broader market conditions. It's recommended to keep an eye on developments in the coming days and consider both technical and market factor

Binasat gets RM23.76mil cable laying job
TheStar Tue, Aug 27, 2024 06:40pm - 1 week


PETALING JAYA: Binasat Communications Bhd (BCB) has accepted a letter of award from Enertra Sdn Bhd in respect of cable laying works in Ara Damansara, Selangor, for Tenaga Nasional Bhd (TNB) worth RM23.76mil.

In a filing with Bursa Malaysia, BCB said the scope of works for the contract includes performing horizontal directional drilling (HDD) and open cut works; make good of surface for HDD pit according to local authority requirements; providing all relevant expertise and qualifications to perform the duties; and ensuring the security of the free issue materials, if applicable, at all time against any theft or damages before handing over the project to TNB.

“The contract shall be effective from the date of the letter of acceptance and the time for completion shall be 730 days from the commencement date.

“The contract will not have any material effect on the net assets and gearing of BCB and its subsidiaries for the financial year ending Dec 31, 2024 and is expected to contribute positively to the earnings of BCB Group over the duration of the contract.”

Tp September????

now buying at 0.615

keng88, they call it a bluff. Nothing happen. Goes down bad 0.61

when Mr NgWS90 that we can go 81 cents ???? tommorrow or thrusday or friday ?

OCK Group Berhad has been experiencing some challenges recently, with its stock performance lagging in the short term. However, the company's outlook for the next month appears cautiously optimistic, thanks to several key developments.

Firstly, OCK has a strong order book worth RM220 million, which is expected to support its earnings throughout 2024. The company is also actively expanding its presence in the telecommunications sector, particularly in tower leasing, where higher tenancy ratios are anticipated due to new 5G network deployments. Additionally, OCK has been securing new contracts in the data center sector, including three new contracts valued at RM32.5 million, which could provide a boost to its revenue in the near term.

Furthermore, the company's diversification into solar energy and digital solutions is also gaining traction, with positive projections for growth in these segments. These factors collectively suggest that while OCK has faced some recent setbacks, the potential for recovery and growth remains strong, particularly if it continues to capitalize on its new projects and market opportunities​(

today pathetic

FSBM Holdings Bhd has shown significant progress after exiting its financially distressed PN17 status. The company has pivoted towards providing tech-driven solutions, particularly focusing on AI, IoT, and cybersecurity, which positions it well for future growth. FSBM's recent earnings reports indicate a promising outlook, with a more than threefold increase in net profit for the first quarter of FY2024 compared to the previous year.

The company is also expanding its offerings by working with semiconductor firms and introducing products like voltage sag protectors, which are critical for maintaining operational efficiency in manufacturing. This diversification and its collaboration with major players in the semiconductor industry are expected to drive its earnings in the coming months.

Given this transformation and the positive earnings trajectory, FSBM’s stock could see further appreciation over the next month, especially if it continues to capitalize on its new business model and secure additional contracts​

GFM Services Berhad (GFM) has shown strong potential in the Kuala Lumpur Stock Exchange (KLSE), particularly with recent developments such as their successful bonus issue and entry into the oil and gas sector. Over the past few months, GFM's share price has been fairly active, though it faced some resistance at around 40 sen. Analysts suggest that if it can surpass this resistance, the price could potentially reach 55-60 sen in the near term. However, the current underlying stock price is around 29 sen, and the market is somewhat volatile​(
Bursa Malaysia (KLSE) Market Summary
Bursa Malaysia (KLSE) Market Summary
).

The issuance of free warrants and GFM's venture into high-growth sectors like oil and gas could positively impact the stock price, but the short-term performance will depend on how well these ventures are received by the market. Overall, GFM appears to have a solid foundation, but market conditions will play a critical role in its performance over the next month.

Binasat Communications Berhad (BINACOM) shows a mixed outlook for the next month on the KLSE (Kuala Lumpur Stock Exchange). Recent developments include Opcom Holdings Bhd's acquisition of an 18% stake in Binacom, signaling confidence in Binacom’s potential, especially in the telecommunications sector. This acquisition may enhance Binacom's position, particularly in satellite communications and telecommunication infrastructure, which could lead to future growth and stability​(
The Star
).

However, it's important to note that the stock has faced challenges recently, including hitting a 52-week low, which might suggest some market hesitance or external pressures impacting its performance. Analysts have not provided robust forecasts, which adds some uncertainty to its near-term potential​(
Finbox
).

Given this, while there are promising signs, particularly with the new partnership, caution might be advisable when considering investments in Binacom over the next month. Keeping an eye on how the partnership with Opcom unfolds and monitoring market conditions will be key.

0.255 today 22 august. Going down but coming around the corner

0.67 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

lowest point 0.64 , support ?

Engtex Group Berhad's shares have experienced a significant drop recently. As of today, the share price has fallen by 38% over the past month, which has raised concerns among investors. The drop in share price is largely attributed to a decline in the company’s earnings, which have been underperforming compared to the broader market. Despite this, some investors remain optimistic due to the company's forecasted growth over the next few years, which is expected to be higher than the market average. However, the company's current price-to-earnings (P/E) ratio remains high, which suggests that the market has high expectations for its future performance​

no support at all

SUPPORT COMING IN AT 0.655

FREE FALL

SORRY WORST 0.65

This Fuji Shares useless now but very high potential in future

sorry okay, 0.665 now

Failed

1571.78 (-39.27, -2.44%)

c.k. morning. Gone only 0.22

BAD NEWS: NOT WORKING DUE TO SHARKS WANT TO MAKE A LOT OF MONEY

GOOD NEWS: Ekuinas Berhad invested in Mizou whom owner recently became largest Dataprep shareholder.

Kwok has strategically maneuvered to expand his influence and business holdings significantly. In December 2022, Techbond announced plans to acquire a 100% stake in MAC. The vendor of the 99.57% stake in MAC was Chemquest Sdn Bhd, which is owned 55% by PPB and 45% by Kuok Brothers. This acquisition was a calculated move to consolidate and expand Techbond's market position.

Following Techbond's takeover of MAC, Kwok invested in a 15% stake in Techbond. This investment strengthens Kwok's influence within Techbond, creating a synergistic cycle that enhances both his and Techbond's business prospects. The strategic acquisitions and investments ensure maximized profits and continued business expansion. Kwok's growing influence and business acumen significantly impact the company's profitability and market position, driving further growth and success.

support 0.62 , good broken already. Up to you guys

very low now 0.61, good good

bad 0.345

support level 0.245 Pray is going to break the support that will be very bad , to southern hemipshiere

Binacom's rebound problematic and you can run away but not now. You now pick up . This is very clear from the outside and looking at the chart. Still holding the ticket will make you think there is still a chance. If the buying price falls below the purchase price, your work will be in vain

going for a lame closing today again and again.

go and drop better

useles

joker shares, now today warrant is already 0.24 sen that will overtaking the weak 0.295 mother. Ha ha ha

rob8ry24: Run?

0.265 today