Bojed pointed a good point. The website look very elusive with little details on the management, owner etc. Plus the wording 'sefty policy' instead of 'safety policy' rings a bell. Probably only the certificates probably that can be a comfort point. For local contracts, probably more easier to verify.

One thing in common, yes they are cash rish. So the others in F*****C related companies. But the cash is for our eyes only, and to entice bilis shareholders. Like I said earlier, you know who they are. Money goes in via PP/RI/ESOS and goes out via acquisition of other companies. From right to left hand la.

If your hand are itchy to buy this company shares, just hantam small amount only. If you hantam RM200k for this company, crazy lorrr. Straight to Hollanddddd. haha

They earn profit of MYR5mil+ from glove business, only to lose MYR4mil+ from quoted securities trading. Had they focus on putting cash pile into expanding glove business, probably they would making big turnaround. But you know who they are. Sigh. No one wants to lose money from share trading, but this company just did that, in which I can only think for one reason. Exiting..

dispose at 67c and recollect at 61c. latest QR would be due in next 8 days. Predict that the share price would spike again once QR result is out and Cabinet line up is announced.

too early to sell. Heard that TS Johari was called for UMNO meeting yesterday. Probably he would be nominated as MoF if UMNO candidate become PM.

Btw, there is information saying that their LPG storage vessel construction is moving ahead albeit at slower pace due to NRP1.0. This project would lower their cost as they can store LPG product prior to filling and distribution, from current practice. So once completed and successfully commissioned, they can proceed to expand their coverage to whole Malaysia.

If you guys read carefully Item 7: Subsequent Events from last QR, the latest quarter would be super profit due to 2 assets disposal completed within period. Gain RM122.2 mil, lose RM18.7 mil, so at least RM103 mil from asset disposal, which is close to 19c EPS. If they make gain from Operation, then the number would be higher. Hence the reason, why the price stays tightly between 58c - 64c because someone is collecting due to this. Once QR is out, the price may spike as what happened to MSM Holdings.



Attached is the extracted statement from their last QR

"On 10 June 2020, KUB Agro Holdings Sdn Bhd entered into a Sale and Purchase Agreement to dispose its two (2) oil palm estates in Kluang, Johor for a total cash consideration of RM158.0 million. The transaction was completed in the subsequent quarter ie. on 2 April 2021, with the Group recording a gain on disposal of approximately RM122.2 million.

On 8 April 2021, the Company entered into a Share Sale Agreement (“SSA”) with Tradewinds Plantation Berhad for the disposal of its 100% equity interest in KUB Malua Plantation Sdn Bhd (“KUB Malua”) comprising 10,000,000 ordinary shares for a total cash consideration of RM10.549 million as determined at the completion date. The transaction was completed on 30 April 2021
and the Group is expected to record a one-off estimated net loss on disposal of approximately RM18.7 million mainly as a result of non-recoverability of the Company’s prior intercompany advances to KUB Malua."

sideway for awhile at 20.5-21.5c, once cross resistance 22c, next resistance 24.5/26.0/31.0. Wait for the construction wave. one or two good news e.g. securing new contract will do good to the share price.

Dato Awang should sailang at 18c not at 20c. hahaha

You are right Ananas, usually financials would be taken into consideration during tendering process, apart from previous contract value won by companies.

For the multiple proposals, looks good although it may dilute other shareholders. However, it would put minetec on stronger financial footing, for expansion. Management indicated the target price for PP would be 20c, so the downside for share price would be limited.

At first I am expecting them to give out free warrant, but ICPS pun bolehlah. Better than nothing. Once this completed, they would probably consolidate shares and issue free warrants.

good prospect for North America segement.

This is not a buy call, and it is up to your discretion to decide. I do not what future would be, but currently I am positive about the company prospect.

From the volume, buy and sell queue looks like it will break R1 23.5c anytime soon. Strong buy queue at 22.0c on last Friday, however there is also big selling queue north of share price. Probably operators are yet to be done with accumulation.

With regards to LSS4, the management may have anticipated the cut throat bidding price and the return may not be lucrative as previous LSS award. Hence, it could be wise to stay out from putting a bid and focus on completing their solar asset in Perak. Besides, they have also registered for NEM 3.0, which will open up for more income from solar. Coral Power (70% Minetech subsidiary), won the LSS2 award, and the rate is almost double than LSS4. For information, LSS1 (for up to 10MWac) have seen an average price range of above 40c/kWh, LSS2, at 40c/kWh, LSS3 at below 30c/kWh, and LSS4 at below 24c/kWh.

Based on announcement from Ocean Vantage Holdings (OVH), subcontractor for Andeli Solar (main contractor for Minetec solar asset), they have completed MYR10mil out of MYR30mil award up to 31 Dec 2020. The remaining works may be completed within this quarter if not for MCO. Once operational, it would be recurring income for Minetec.

The recent Selinsing, Pahang gold mining site 3-year contract extension (MYR70mil) is also another positive development for Minetec, as the average contract price is worth approximately MYR23mil/year. This is higher than the previous contract extension value <MYR18mil/year. It is understandable that during period, gold prices is at new high, hence the higher contract value award. This prolific gold mine site, which have been operating from 2009, will provide earning visibility until 2022 for Minetec, and probably beyond that.

Coupled with the wrap up of acquisition of fintech company, Uniqa, Minetec would have another new source of income instead of their traditional expertise.

contract extension MYR70 Mil for 3 years.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3137757

https://www.pdt.com.my/media/pdt-cypark-jalin-kerjasama/

Half cent a day is better than dropping 2 cents. haha

The largest Malaysia solar power producer is probabaly from reNIKOLA, which is currently being built in Kedah (330MWp) and plan to be injected into Pimpinan Ehsan Bhd. Few days back, NST reported that there would be another large (probably largest) solar site (450MW) in Pengerang, Johor. This might be part of LSS4 to be awarded by Energy Commission. Refer to this webpage : https://www.nst.com.my/news/nation/2021/02/669759/johor-set-become-countrys-largest-solar-power-producer

The announcement said there would groundbreaking ceremony on 23 March 2021, hence industry players are speculating that LSS4 would be announced by this week. However, the announcement by EC might be delayed once again. Guess who are the winner for this project? haha

New substantial shareholders coming in (MMAG). Looks like it is cross shareholding where Dynaciate paid MMAG for a stake in MMAG's subsidiary and MMAG enters Dynaciate through Private Placement.

Looks like someone busy collecting at 20.5c today. Wait until he finished collecting, then all the queue at 21c above will disappear. Large Scale Solar (LSS4) concession would be announced probably this week. This might be impetus for Minetec if it can land few contracts.

The winning theme todays is O&G, which is powered by news from Saudi Arabia. This has benefitted Sealink (Bawang also got some shares). Let us see if O&G can hold water for few more days.

The only bank with below than RM1.00 share price. The revenue is steady within MYR700-800mil, as compared to other banks which heavily reliant on floating interest loan.

During low interest period as per current situation, they would benefit more than the others, as they might have locked the loans in previous years when interest rate is higher. Worry about moratorium modification loss and impairments? These might be written back later once economy improve.

Today there is lot selling queue between 68.5 to 70.0cent. once this clears up, then it will test the previous resistance at 74cent.

If there is no modification loss (MYR504.8mil) and loan impairments (MYR300mil), they would have made a record profit near to MYR1billion. Anyway their Q4 result is great considering the MCO and earlier provisions.

Tomorrow would be trading higher than 70 cent I think.

Commendable result, disebabkan MCO. Small profit is still a profit.

The press release is quite interesting:

1. Promote Bawang past and present achievement, after taking over the management. IMO, should elaborate more on how much revenue from current project, how much remaining orderbook, and management initiative to secure more construction contracts.
2. Put a big picture of bawang...hahaha, this is quite funny as it is 1st time to see this. better put the handsome face in annual report la.
3. There is a forward looking statement about diversifying into fintech business. This is great but bawang should be more careful releasing sensitive information, as the news only published in newspaper but not officially announced to Bursa

I observed this counter for 2 weeks. Looks like someone blocking at 17.5cent, suddenly huge volume piling up each time. Major shareholders are not selling, but the price is blocked from going up. If let say other shareholders exiting, it is better to queue at 20cent, rather than 17.5cent to maximize their return.

It has been downward from 24.5cent to 15.0cent, rebounded to 17.5cent and got stuck there. Dato Awang is no match for Dato Karim Power (KPower). Sigh.

Maybe can vote 'no' to director remuneration in the AGM next month. Should be a wake up call for them to work harder

Huge chunk of receivables are from their current major shareholder, Dynaciate Engineering (DESB), and i guess it is back to back with payment from DESB clients. So it is pretty safe.

Thank you zhm540 for information. =)

The board has done a good job by develeraging the debt. From a high RM40mil++ of debt post takeover, now they have reduced to RM13mil and would be reduced further by RM8mil, to a manageable RM5mil, having obtained the approval for disposal of their warehouse in Penang.

Believe that the RM8mil loan from Public Bank, charged to the warehouse might be hurdle for them to secure construction jobs. Contracts, especially big ones, require financial commitment, through Bank Guarantee, Performance Bond to execute. Hence, they have to resort to encashment of ICPS through conversion to ordinary shares and private placement. However at the current share price, private placement might not be the best option.

Dynaciate's subsidiary (DSPI) lack of track record in construction, might also explain on the dearth of incoming contract, but having secured few contracts through RRPTs and 2 contracts on their own, might open up their chances of getting construction jobs in FY2020. They may do JV with their major shareholder, DESB to bid for projects or going through the M&A route. Having obtained the approval for continuation of RRPTs, they might secure projects from their controlling shareholder, DESB as soon as they received the disposal proceed. In the circular prior to EGM, DESB indicated RM200mil worth of job, which only RM62mil+ realized until now. That is a lot of potential.

At 7 cent, it is worth a look for the potential of turnaround from the past trading business losses. Some may not be comfortable with market dealer manipulating this company share price, but when fundamentals prevails, the price might move upwards. Until it secure new contract, price may be languishing at current level.

My past experience with IRCB (now become Comfort Glove), is that you need to be patient. It may take 3 years or more, but when you have bought at RM0.30 and dispose all at RM1.20, it is worth for the waiting.

Enquest share price is highest in 8 months due to optimism in improving production at Kraken.

during last quarter receivables rose to RM17 mil, which is highest so far. If they can collect the receivables during the quarter, the result might be better than the previous quarter.

the QR would be announced either on Monday or Wednesday since Tuesday is public holiday.

For a small company, directors could not be buying 10% shares without pushing up the price. If they subscribe for PP,they can secure at least 10% without affecting the movement of share price. Most of PP is carried at lower price than market.

But if they can rope in new investors for PP, i.e ex IHH boss, the share market would benefit from news.

one more long white candle and strong volume, it would fly.

once the operator push the price upwards, all the above negative comments would turn into praises. lol

yesterday they announced the disposal of remaining 10% in their associate company. Although proceed of RM1.8 million is not much, but they can further reduce their borrowings or increase the working capital. Their balance sheet has improved a lot and with this disposal it will improve further. Now they can focus on getting more projects.

It is a slow transformation from loss making to a profitable company, but it sure one. Look at Comfort Glove, nobody dare to buy at 30 cent but I remember a lot of my friends say they bought when it reach RM1 (all time high is at RM1.20). I bought at 60cent and sold all at the peak. Just be patient. Let the directors do their work, and operators to push up. hahaha

Give chance to PAS. They say a lot about PH unfulfilled manifesto. See if they can stand up to the mark.

Probably now is not the best time for LTAT & boustead to pare down their stake in subsidiaries due to weak market. Once market recovered, I think LTAT boss would carry out the initiatives.

With deep underlying asset, Bstead would climb again.

After inclusion of latest contract won, and minus current revenue, their orderbook is around RM110 million, which can sustain them until end of next year.

Based on the contract list, looks like they go for short term contract with medium value to build up the orderbook. Probably next year, management would go for high contract value project after building up resources (manpower + machineries).

NTA 0.16 is at 28 Feb 2019, while few more ICPS have been converted after that, causing NTA to drop to around RM0.12. For those who bought at 9cent, they have nothing to qualm, probably those buying at 20c+ is saying this counter useless.

Out of -2M loss, -1.5M is due to ICPS and warrant listing expenses. So actual loss is only -500k. Revenue increase and losses reduced. Poised for share price jump if they announce major contract. Believe that they would take some time to put house in order before bidding for new contracts. For the time being contract from RPT would support them.

someone did mention that TSAK can lend some RM2-3 billion to cover the next debt obligation after the current debt USD660million has been structured. Yes, he can do that, but I believe that better save your bullet until the last battle. Besides lending own money would send that company is in distress of meeting its debt obligation.

After 2nd tranche of debt is refinanced, the share price would shot up. Probably TSAK can cover the last tranche, sending the share price higher. By then, the share price would be high enough for a right issue not to be so dilutive.

Yes the QR should be out by end of this month.

Falling knife is when it drop from 38.5 cent. At 9 cent, it is like thumbtack falling. At most 9 cent only.

Yesterday, starbiz publish a full page interview excerpt with LTAT new CEO. FocusMalaysia also did so but not too deep as Starbiz. It is shocking to read that compliance and risk management, was lacking before and all decision are made from single chair. I believe that new LTAT CEO is highly capable, coming fresh from 11-year experience at KWAP. See how active KWAP in stock market and their selection and this LTAT CEO was KWAP Chief Investment Officer.

Lame Boustead would be transformed and I suspect there would some divestment at subsidiary level to raise some cash for new investment.

Armada has a big potential but carry huge debt baggage. Although armada's debt is ring-fenced against project, it is not problem proof since 2 of their FPSO contract were terminated early due to inability of oilfield owner to pay Armada.

However, once they sort out the current debt obligation and production issues at Kraken, the share price would rebound. Same like Sapura & Hyflux, Armada is quite big to fail, hence creditors is at the mercy of borrowers. Only time can tell when it gonna rebound. For sure, it would rebound after refinancing and the next question is how much it would rise.

quarter result next week. first under new owner..