Technically, we’re poised for a breakout. This is supported, fundamentally, with the steady expansion of the second plant in Taiwan. Let’s see how it goes.

all aboard......get ready to rumble

quality can't be denied...

time will tell..:

time will tell...

stock prices all up to the sharks ! let's see what they do next.

Profit may not have been as high as some expected, but it's growth nonetheless. They are excited (their words) over demand going forward. Plus plant two is likely far from full capacity and expected to increase in the 2H of 2024. Will benefit from data centre growth, which is the thing these days. Flushed with cash (400+ million) with close to zero borrowings makes it easy for possible acquisitions. Today may be another flush out of weak holders. Be assured, there will be buyers waiting to pounce.

Massive liquidity sweep last Friday, Monday and Tuesday. Sharks were having a feast. Hopefully, the results are stellar. Fingers crossed !

Based on warrant conversions being made, I believe this fella’s pressure is filling up, waiting to explode higher.

Time for a rebound…Correction done

https://www.klsescreener.com/v2/news/view/1355915
Kuala Lumpur: Rundingan mengenai Zon Ekonomi Khas Johor-Singapura (JS-SEZ) kini di peringkat akhir, membuka laluan untuk perjanjian bersama yang dijangka ditandatangani pada September ini, kata Menteri Ekonomi Rafizi Ramli.

Property theme to reignite?

What’s happening? Why the discount?

1) they still collecting warrants to convert?
2) they distributing warrants, using the mother as bait?
3) just a temporary push of mother share price?

Time for a rebound?

Buy in weakness…esp the warrants

"MN HOLDINGS ACHIEVES RECORD HIGH NET PROFIT AND REVENUE IN 9MFY24, SURPASSING FULL-YEAR FY23 RESULTS".

hahahahahahahahahhahahahahahahahhahahahahahahahahaha….

Floor price keeps getting higher and higher. Clap clap clap

Unless otherwise defined, the definitions set out in the announcements dated 16 January 2024 in relation to the Private Placement shall apply herein.



On behalf of the Board of Directors of MNHB, M&A Securities is wishes to announce that the Company has fixed the second tranche issue price of the Placement Shares at RM0.7173 each.



The aforementioned issue price of RM0.7173 per Placement Share represents a discount of approximately RM0.0795 or 9.98% from the 5-day weighted average market price of MNHB from 14 May 2024 to 20 May 2024 of RM0.7968 per Share.

Yum yum…

@smallseller, agreed. It’s a matter of time when the warrants start running. Yes, it’s just begun. I can’t imagine when it goes 10-15% premium. Vrooom vrooom ! Good luck guys

This is a bull market. People who expect big corrections, change your mindset or get left behind ! This especially applies to stocks in hot industries ! All the best…

Sikit sikit jadi bukit- order book 444.5m and counting ! Can either be a sour grape, or buy !

KUALA LUMPUR: MN Holdings Bhd via its wholly-owned subsidiary MN Power Transmission Sdn Bhd has secured a contract from Samaiden Sdn Bhd for the engineering, procurement, construction and commissioning (EPCC) work for a large solar scale photovoltaic (LSSPV) plant in Kulim for RM26mil.

In a statement, the underground utilities and substation engineering specialist said its unit had been appointed a sub-contractor for the 50 mega-watt alternating current (MWac) LSSPV plant.

MN Power will be responsible for the EPCC of a step up station interconnection facilities, NUR interconnection facilities and related peripheral system for 50 MWac LSSPV energy generating facility for Nur Renewables Sdn Bhd.

The contract is for a period of 11 months from April 2024 to February 2025.

Datuk Dang Siong Diang, executive director of MN Holdings, said the company’s substation engineering segment continue to achieve a strong replenishment rate.

“The announcement of the corporate green power programme (CGPP) award totalling 563.42MW and the roll out of the National Energy Transition Roadmap (NETR) last year have somewhat benefit MN Group as some of our clients are the successful selected solar power producers under the CGPP.

"With the recent opens bidding for LSS5 programme or LSS - Peralihan Tenaga SuRiA by the Ministry of Energy and Water Transformation through the Energy Commission offering a total generation quota of 2,000MW, we anticipate more substation engineering projects to come in,” he said.

With the latest win, MN Holdings' order book has risen to RM444.5mil.

The group said the secured contracts are expected to positively impact its earnings over the next two to three financial years, barring any unforeseen circumstances.

Onwards and upwards !

KUALA LUMPUR: MN Holdings Bhd's wholly-owned subsidiary MN Power Transmission Sdn Bhd has secured a RM17.6mil contract for the supply and commissioning of the transmission main intake 275/132kV Pasir Gudang Power Station Extension (2x275kV Overhead Lines (OHL) Bays) in Johor from Tenaga Nasional Bhd.

The Board of MNHB wishes to announce that MNHB and DCS have mutually agreed to extend the MOU period for a further period of 12 months commencing from 1 April 2024, and the last day shall fall on 31 March 2025 (“Extension”). Subsequently, the Parties entered into a Supplementary MOU on 3 April 2024.



In conjunction with the Extension, MNHB wishes to inform of the following developments with regards to the Cooperation Project as reported by DCS:



1. DCS is progressing with the initiation of the Sedenak Tech Park Data Centre according to the established schedule, with the comprehensive design now finalized.



2. The detailed power supply design for the first and second phases have been completed, and the scope of work for both parties remained unchanged.



The Company will make the relevant update announcement(s) if there is any additional agreements or contract documents to be entered into subsequently, subject to mutual agreement from the Parties.



This announcement is dated 3 April 2024.

Not just another MOU? Appears to have concrete progress

MN Holdings Bhd has appointed Tenaga Nasional Bhd's former chief executive officer Datuk Seri Baharin Din as its new independent non-executive chairman, effective from today.

More projects from TNB to come !!!

On behalf of the Board of Directors of MNHB, M&A Securities wishes to announce that the Company has fixed the issue price of the Placement Shares at RM0.5955 per Placement Share.



The aforementioned issue price of RM0.5955 per Placement Share represents a discount of approximately RM0.0657 or 9.94% from the 5-day volume weighted average market price of MNHB from 9 February 2024 to 16 February 2024 of RM0.6612 per Share.

Very nice ! :))

Think it's time for another climb for MI !

It’s been sideways a loooong time. Perhaps it’s time to move soon?

MN Holdings secures RM98mil contract for data centre works

if caught in the beginning of 2021, sure mi kosong edy now !

the US interest rates has more or less peaked, once it starts reversing, tech will start on the opposite direction. There's an inverse relationship between tech and US interest rates. This coupled with MI's growth potential and favorable valuation, we're looking at one helluva potential upside next year !

dahsyat ! this market maker really determined to squeeze every drop of blood out of stone...

stars aligning...

“the renewable energy group said it is expected to comply with Bursa's Bumiputera equity condition by March 31, 2024, as it has met the profit requirement for companies seeking listing on the Main Market of Bursa Securities”

KUALA LUMPUR (Nov 16): Sunview Group Bhd, which made its ACE Market debut in October last year, has proposed to issue up to 73.55 million new shares to identified Bumiputera investors, in order to comply with Bursa Malaysia's listing requirements.

In a Bursa Malaysia filing on Thursday, the renewable energy group said it is expected to comply with Bursa's Bumiputera equity condition by March 31, 2024, as it has met the profit requirement for companies seeking listing on the Main Market of Bursa Securities, based on its audited profit after tax of RM13.01 million for the financial year ended March 31, 2023 (FY2023).

Under the condition set by the local bourse, Sunview is required to allocate 12.50% of its enlarged issued share capital to Bumiputera investors to be approved or recognised by the Ministry of Investment, Trade and Industry within one year after achieving the profit requirement for companies seeking listing on the Main Market of Bursa Securities.

At an issuance price of 66 sen per share, the new share issuance is expected to raise about RM48.54 million. The group intends to use the proceeds to finance its working capital.

The proposed issuance is expected to be completed by the first quarter of next year.

Technically, Samaiden, Slvest and Sunview appear to have completed major corrections.

Now just hope that the coming QR results will be good to propel them to higher levels. Fingers crossed they deliver.

Hahaha…you guys can say all you want about value etc. In my 20+ years of investing, you know it’s all up to the operators.

Yes, you can talk about fundamentals (I value fundamentals too btw), but there are times where when things are hot, it could explode…look at the property sector. Why the heck do you think UEMS and IWCITY are on exorbitant valuations right now? It’s about future potential and it’s also about goreng. Heck yeah ! it’s about goreng.

Yes, at 50+ sen it appear high at the moment (partly because of its recent non stop move up). Even then it’s 22x PE. If they want to goreng, it’s one heck of an upside before I would say it’s dangerously high. (As I’ve mentioned, I believe their profits may increase by 50% or maybe even double in 2024, therefore, in terms of forward PE, it’s not horribly inflated)

Now, I’m not saying it’s going to be 70-80 sen for sure in the near term (because stocks normally move in waves and not in a straight line). I’m just saying it’s not impossible. It’s all up to the operators.

As for catching below 30? I would say, that’s quite a stretch. Maybe…if something catastrophic happens to the business !

As for me, I would start taking profit bit by bit, and not sell everything, in case the improbable does happen. Even if there is a correction, this stock has much potential for the next few years.

Good luck everyone.

just continue collecting...this is the best time for investors. Warning...don't play contra

Stocks go up in waves, so I wouldn’t discount a retracement. A strong support, should there be a retracement, would be the breakout point of 40 sen.

Good luck ! Best of profits for everyone.

I hope sunview doesn’t move yet, because I’m still waiting for mnholdings to move further before I transfer more over. I want to collect cheap prices as it is now ! Already transferred one batch last week.

Hahaha good luck !

As I mentioned in the mnholdings forum when it was roughly 30 cents, it’s about forward earnings. All it takes is one very good quarter to kick it off and a promise of similar quarters ahead, and we’ll have lift off.

Mnholdings is now 0.455 btw. And HLIB has a fair value of 0.59 for it.

Back to Sunview, the following is an excerpt from a recent article, which I will attach.

“ The research firm noted that at RM472.7mil, Sunview’s unbilled order book is among the highest among its peers. Its jobs are made up mainly of large-scale solar projects, most of which would be completed by FY24 ending March”

For full article, click on this link

https://www.thestar.com.my/business/business-news/2023/09/05/cgpp-initiative-expected-to-drive-sunview

I won’t go into the details of the mathematics. I think you can do that yourself. I think you get the point.

When your stock is an extremely hot industry, with high earnings visibility in the next few years, and you sell a big chunk of your shares? Additionally, you’re in the midst of a placement? hahaha…more than meets the eye. In any case, timelines is up to them, so be patient ! Good luck !

I shudder to think what the warrants could be. It could easily be 40+ sen before the year is out.

hahaha…sleight of hand. Hold on and you’ll see

Hope for a breakout soon
1) Based on latest press releases on Sunview, expecting high earnings in the coming quarters, with the high order book
2) 78.6% retracement in the latest trading range
3) looking like a downward wedge pattern formed with reducing volumes. Awaiting breakout with big volume for confirmation of reversal
4) Bullish divergence
5) Very low volatility
Hold on and wait for the sharks to start swimming upstream. Good luck !

A disappointment. Very low volume though. The stock looks to be cornered and within their control. Just have to wait.

After disturbing between 2.40-2.60 sharks are nicely collecting back below 2. They are saying thank you very much

hahaha amazing