MTD ACPI ENGINEERING BHD

KLSE (MYR): MTDACPI (5924)

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Last Price

0.28

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


3 people like this.

584 comment(s). Last comment by calvintaneng 2023-07-29 19:33

ronnanua

178 posts

Posted by ronnanua > 2020-05-14 20:30 | Report Abuse

project has been confirmed well take off $$$ now lol

Gn021

566 posts

Posted by Gn021 > 2020-05-20 19:25 | Report Abuse

Health Care sector fly liao, Oil and gas sector fly liao

Gn021

566 posts

Posted by Gn021 > 2020-05-20 19:26 | Report Abuse

Next will be high proability is Construction sector !

This company got Construction and Concrete Cement Base.........


Now, not much listed company u can buy got manufacture Concrete Cement, this is 1 of the company

Gn021

566 posts

Posted by Gn021 > 2020-05-20 19:31 | Report Abuse

Dont forget , HSR is coming ....................

This company got pass record participate in rail way Project

they participate is MRT before, so they have experience in Rail way Project
Before 1580 Millions

http://www.klsescreener.com/v2/news/view/151501/wct%E5%B7%A5%E7%A8%8Bmtd%E5%BB%BA%E7%AF%89-%E7%8D%B215-8%E5%84%84%E6%8D%B7%E9%81%8B%E5%B7%A5%E7%A8%8B%E5%90%88%E7%B4%84


WCT工程MTD建築 獲15.8億捷運工程合約

Gn021

566 posts

Posted by Gn021 > 2020-05-20 19:34 | Report Abuse

Now many construction company also no project, But last week this company only get 184 millions project only

●MTDACPI工程(MTDACPI,5924,主板建筑组)接获北部经济走廊执行机构(NCIA)总值1亿8416万5418令吉10仙合约,以建设和完成玻璃市朱宾河流域工业区第一期项目的土木和基础建设工作。

该公司发文告表示,上述合约为期24个月,有望对未来盈利做出正面贡献。


this is 24 month project, so means it contribute around 24 millions each quater ....................

Gn021

566 posts

Posted by Gn021 > 2020-05-20 19:39 | Report Abuse

So u can imagine this company can boost how many profit in next 2 years


Some more govt Sure will boost economy , so contruction sector sure will come up


Image this company got good pass record, Rail way experience, MRT, and if really didnt get any project, but dont forget they still got Concrete Cement sector, SO sure will benefit for HSR or Bandar Malaysia.

What if they only get 1-2% from HSR and Bandar Malaysia ? there already how many millions ?


Last week 184 millions, HSR and Bandar Malaysia 1-2 % , u can imagine

Posted by Trader0023 > 2020-05-21 18:49 | Report Abuse

Buy buy buy

johnbrooks

118 posts

Posted by johnbrooks > 2020-06-19 08:39 | Report Abuse

Just wondering why is this stock still not yet classified as PN17? Shareholder equity value is already below 25% of share capital. Almost certain that their March 20 quarter result is another loss quarter. Jun 20 quarter would be a lot worst.

aa88

526 posts

Posted by aa88 > 2020-08-07 11:07 | Report Abuse

up up

aa88

526 posts

Posted by aa88 > 2020-08-07 11:13 | Report Abuse

16c t0 18c still cheap !

johnbrooks

118 posts

Posted by johnbrooks > 2020-10-23 12:12 | Report Abuse

Wondering why the share price has been trending up since may? Did some research and just notice that they had receive a lot of litigations award since then. Should be good for their balance sheet.

They actually already won a RM22mil compensation award due from the govt since Sept 2019. Not sure why they did not include this in their quarterly report. The longer the govt delay the payment the higher the amount will be since MTD is entitle to a 5% interest payment per annum.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=2994561
There was no other announcement since, so i assume its just a waiting game. Govt payments are always long but they will pay or risk of being label a bad paymaster.

Around RM30 mil (including interest) from Gerbang Perdana was awarded to MTD back in June 2020. However the company now wants the 5% interest to be calculate since 2006 instead of 2009. Greedy but good for investor.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3067177
No new announcement since July. For me the worst case is RM30mil.

This one is the easiest to collect. Court awarded RM19mil to MTD from SN Akmida back in Sept 2020 (so recent). This money is already held in an account under Alliance in the form of performance bond. SN akmida is trying to delay the release of payment. Should have a hearing back in 1st Oct but no announcement. So I assume SN akmida failed.

All in all the company should see litigation award amounting to RM70 mil in cash at least (the longer the higher the amount due to a late payment of 5% per annum). Sound little but given that the company market cap is only RM50mil, cash amount could potentially be higher than the market cap. Basically 30 sens per share hence i think why the recent rally for the past 4 month or so.

Hopefully the company can win more contracts with the Govt potentially going to table high value infrastructure project on 6th Nov. Normally during recession infra projects provide the highest multiplier affect to the economy (at least in theory)...

johnbrooks

118 posts

Posted by johnbrooks > 2020-10-23 12:13 | Report Abuse

oopps missed a link for the last litigation award. Here it is:

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3084856

BigZakar

261 posts

Posted by BigZakar > 2020-11-20 21:11 | Report Abuse

the next construction gem is here............should shine next year

Posted by flippiwippi > 2020-12-07 18:20 | Report Abuse

The Board of Directors of MTD ACPI (“Board”) wishes to announce that the Company has today received a letter from its controlling shareholder, MTD Capital Bhd (“MTD Capital” or “Offeror”), requesting the Company to undertake a selective capital reduction and repayment exercise pursuant to Section 116 of the Companies Act 2016 ("SCR Offer Letter").



The Proposed SCR entails a selective capital reduction and a corresponding capital repayment of a proposed cash amount of RM0.28 for each ordinary share in MTD ACPI held by all the shareholders of MTD ACPI (other than MTD Capital and the persons acting in concert with them) whose names appear in the Record of Depositors of MTD ACPI as at the close of business on an entitlement date to be determined and announced later by the Board.

Posted by flippiwippi > 2020-12-07 18:21 | Report Abuse

MTD Capital requests MTD ACPI undertake cash repayment of 28c a share

KUALA LUMPUR: MTD Capital Bhd, the controlling shareholder of MTD ACPI, has requested the latter undertake a selective capital reduction and repayment exercise under its proposed privatisation exercise.

In a statement to Bursa Malaysia on Monday, it said the proposed SCR entails a selective capital reduction and a capital repayment of 28 sen for each share in MTD ACPI.

This will apply to all MTD ACPI shareholders except MTD Capital and the persons acting in concert with them.

Tan Sri Dr Nik Hussain Abdul Rahman, who indirectly holds the entire stake in MTD Capital, and his children’s shareholdings in Nikvest Sdn Bhd are deemed the ultimate offeror for the proposed SCR. They control 67.8% or 156.56 million shares.

Posted by petnch2020 > 2020-12-08 03:46 | Report Abuse

This is a very opportunistic privatization by Tan Sri Nik especially when they are in line of getting a lot of cash from litigation of which they have already won or awarded by the court.

johnbrook calculated that the award is at least RM70 mil (refer above). They actually already got the RM20mil from govt last month. RM70mil = 30 sens per share. This does not include the current businesses and the other assets of the company. As of September the NTA is 26 sens per share.

Offering less than the litigation award is really taking advantage of the minority shareholders. The award is as good as cash. Already they are taking the other assets for free.

Hope they can take this into account and offer a higher price to the minorities.

dompeilee

11,889 posts

Posted by dompeilee > 2020-12-08 14:46 | Report Abuse

dompeilee Bought some MTDACPI @ 17c in the afternoon...my bet for the NEXT construction stock to LEAP =)
18/03/2019 4:55 PM

=))

damiel

78 posts

Posted by damiel > 2021-01-13 11:48 | Report Abuse

MTD ACPI Engineering Bhd has won a RM33.44 million construction contract from the Public Works Department in Pahang.The group said its wholly-owned subsidiary MTD Construction Sdn Bhd will undertake the Police Training Centre project in Bentong.

damiel

78 posts

Posted by damiel > 2021-01-13 11:49 | Report Abuse

The contract is due to be completed on July 11, 2022, MTD ACPI said

damiel

78 posts

Posted by damiel > 2021-01-13 11:49 | Report Abuse

The contract is not expected to contribute any significant financial impact towards the revenue and earnings of MTD ACPI Group during the current financial year as most of the major works will start in the following financial year,

kelvinzzz

10 posts

Posted by kelvinzzz > 2021-01-29 21:52 | Report Abuse

Reject the offer. Vote against the selective capital reduction and repayment exercise.

cutie

1,690 posts

Posted by cutie > 2021-02-26 18:15 | Report Abuse

Good results

Posted by SpicyMcDeluxe > 2021-03-01 09:07 | Report Abuse

kekw

shlyw

719 posts

Posted by shlyw > 2021-03-01 09:13 | Report Abuse

FINANCIAL SUMMARY Earn a lot.
SYMBOL & CODE MTDACPI (5924)
CURRENT QUARTER Q3 2021
PAST REPORTS
Q2 2021 Q1 2021 Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q4 2019
CONSOLIDATED INCOME STATEMENT
Individual Period Cumulative Period
31 Dec 2020 31 Dec 2019 31 Dec 2020 31 Dec 2019
RM'000 RM'000 RM'000 RM'000
REVENUE
105,685 KLSE Quarter Report(+61%)
65,671
198,267 KLSE Quarter Report(+5%)
188,385
PROFIT/(LOSS) BEFORE INCOME TAX
20,456 KLSE Quarter Report(+721%)
-3,292
15,266 KLSE Quarter Report(+250%)
-10,191
NET PROFIT/(LOSS)
13,554 KLSE Quarter Report(+517%)
-3,252
8,379 KLSE Quarter Report(+183%)
-10,085
BASIC (BASED ON ORDINARY SHARES - SEN)
5.87 KLSE Quarter Report(+516%)
-1.41
3.63 KLSE Quarter Report(+183%)
-4.37
DIVIDEND PER SHARE (SEN)
0.00 KLSE Quarter Report
0.00
0.00 KLSE Quarter Report
0.00

firehawk

4,783 posts

Posted by firehawk > 2021-03-01 09:29 | Report Abuse

Wah! jump to 0.35 !!

wkkht

957 posts

Posted by wkkht > 2021-03-01 09:32 | Report Abuse

It can exceed 0.40 in the afternoon.

Posted by thomaslim999 > 2021-03-01 13:16 | Report Abuse

hoot

DragonEyes

214 posts

Posted by DragonEyes > 2021-03-01 15:14 | Report Abuse

HAHAHAHAHA!!!!!!! PITY TRAP!!!!!

Diogo_Jota

189 posts

Posted by Diogo_Jota > 2021-03-02 17:02 | Report Abuse

Good qr but is this counter dead?

PakMan

429 posts

Posted by PakMan > 2021-03-19 10:50 | Report Abuse

looks like operator will push up this counter soon..

BigZakar

261 posts

Posted by BigZakar > 2021-03-19 20:59 | Report Abuse

limit up soon...........

dompeilee

11,889 posts

Posted by dompeilee > 2021-04-21 10:18 | Report Abuse

Xiao! How 2 limit up when SCR is already almost complete @ 28c? I'm awaiting my payment soon...=)

dompeilee

11,889 posts

Posted by dompeilee > 2021-05-11 18:27 | Report Abuse

Money already in =)

calvintaneng

56,611 posts

Posted by calvintaneng > 2023-07-29 19:33 | Report Abuse

At first Mtd took Mtd-Infrar private (Mtd-Infrar operates the monopoly Gombak - Kuantan Toll road

Then MTD itself taken private

Finally Mtd-Acpi also taken private

Now Boustead taken private by Ltat

Will Bplant be the next in line for privatisation ?

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