NOVA MSC BHD
KLSE (MYR): NOVAMSC (0026)
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Last Price
0.12
Today's Change
0.00 (0.00%)
Day's Change
0.12 - 0.125
Trading Volume
1,918,100
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
OngLai88
1,234 posts
Posted by OngLai88 > 2017-10-30 11:49 | Report Abuse
Posted by OngLai88 > Oct 20, 2017 10:37 PM | Report Abuse X
Pp price around 9sen, today's closing. Should be quite safe to buy at this price.
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Signs of business turnaround. Buy and hold if you believe in its future business performance.
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The Board of Directors of Nova MSC Berhad wishes to announce that its subsidiary company, CNA Development Pte Ltd, had completed the issuance of the redeemable convertible bond of principal amount of S$4,000,000 to Japan Asia Group Limited on 23 Oct 2017.
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The Board of Directors of Nova MSC Berhad is pleased to announce that the Company’s wholly-owned subsidiary novaCITYNETS Pte Ltd (“NCN”) has been awarded the tender from Building and Construction Authority in Singapore to study, revamp, design, develop, supply, deliver, install, test and commission a Construction And Real Estate Network System 2.0 (CORENET 2.0) with maintenance and other options commencing from 27 Oct 2017 to 26 Oct 2023 (“Contract”).
The contract sum is Singapore Dollar Twenty Six Million And Eight Hundred Forty-Eight Thousand Seven Hundred and Forty Six (S$26,848,746 or approximately RM83.2 million). NCN does not expect any material risk arising from the Contract other than the normal operational risk associated with the Contract. The Contract is expected to contribute positively to the result of the Group for the financial year ending 31 March 2018.
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The Board of Directors of Nova MSC Berhad is pleased to announce that the Company’s wholly-owned subsidiary novaCITYNETS Pte Ltd (“NCN”) has been awarded the tender from Urban Redevelopment Authority in Singapore to upgrade and provide maintenance support of Development Application Exchange (DAX) System from 22 August 2017 to 10 Jan 2020 or as mutually extended followed by one year warranty and two years maintenance to be renewed annually (“Contract”).
The contract sum is Singapore Dollar Four Million Seven Hundred Fifteen Thousand Five Hundred and Forty (S$4,715,540 or approximately RM14.8 million). NCN does not expect any material risk arising from the Contract other than the normal operational risk associated with the Contract. The Contract is expected to contribute positively to the result of the Group for the financial year ending 31 March 2018.