Posted by DreamMaster > 2020-11-21 22:31 | Report Abuse

Boleh juga la

Posted by DreamMaster > 2020-11-21 22:31 | Report Abuse

Very good

Posted by DreamMaster > 2020-11-21 22:31 | Report Abuse

Excellent

Posted by DreamMaster > 2020-11-21 22:31 | Report Abuse

Well done

Posted by DreamMaster > 2020-11-21 22:31 | Report Abuse

Congratulations

Posted by DreamMaster > 2020-11-21 22:32 | Report Abuse

Keep surging

Posted by DreamMaster > 2020-11-21 22:32 | Report Abuse

Good luck

Posted by Kang Yao > 2020-11-24 20:06 | Report Abuse

Great, revenue back to normal, and operating margin improves. slow and steady counter, requires lots of patience

Posted by yangxi > 2020-11-24 20:54 | Report Abuse

I think biomass boiler, oil & Gas boilers and heat recovery
steam generators (revenue&profit) getting lower.

Solar segment help boilermech get more income .. good move !!

Posted by Shadow Fiend > 2020-11-24 22:37 | Report Abuse

@yangxi, boiler is still doing well because they stated "Apart inclusive of solar segment, the increased of revenue also contributed by higher deliveries (I deem it refer to boiler)".

Net cash increased 37% yoy to RM70m from RM51m after deducting borrowings and Board is confident about future earnings based on outstanding order book but with condition Covid-19 is under control.

Posted by LongTermInvestor8 > 2020-11-25 00:03 | Report Abuse

Will the market crash if budget 2021 cannot be passed this coming Thursday (26/10/2020)? These are the 4 possible scenarios:

1. Parliament will be dissolved and a snap election will be called
2. A state of Emergency in the whole country will be declared by YDPA
3. Muhyiddin will resign and YDPA will appoint an interim PM
4. YDPA will appoint a new PM who has majority MPs support. A new budget 2021 also will be tabled by the new appointed PM.

Will the market go down? Will it crash? Take profit now or wait?

Posted by sdaew ahhsd > 2020-11-25 07:59 | Report Abuse

@LongTermInvestor8 biden is more prefer solar energy than o&g what do u think will drop or move up?

Posted by DJThong > 2020-11-27 16:17 | Report Abuse

Going to fly . This is the future

Posted by DepecheM > 2020-12-01 10:31 | Report Abuse

Will break 1.00 soon.

Posted by Kawan88 > 2020-12-02 22:09 | Report Abuse

suspended for tmr.. time to gogogo

Posted by Shadow Fiend > 2020-12-02 23:06 | Report Abuse

Good or Bad announcement? XD

Posted by DJThong > 2020-12-03 15:12 | Report Abuse

1.20 by year end minimum

Posted by Kawan88 > 2020-12-03 16:20 | Report Abuse

limit up tomorrow....

Posted by thebline > 2020-12-03 19:18 | Report Abuse

The Board of Directors of Boilermech (“Board”) wishes to announce that the Board has today received a notice of conditional mandatory take-over offer (“Notice”) from UOBKH on behalf of the Offeror, a wholly owned-subsidiary of QL Resources Berhad, to acquire all the remaining ordinary shares in Boilermech not already held by the Offeror (“Offer Shares”) for a cash offer price of RM0.95 per Offer Share (“Offer”).

Pursuant to Paragraph 3.06 of the Rules on Take-overs, Mergers and Compulsory Acquisitions, an independent adviser will be appointed by the Board in due course to provide comments, opinions, information and recommendation on the Offer to the non-interested directors and holders of the Offer Shares.

A copy of the Notice is attached herewith and will be posted to the holders of the Offer Shares within 7 days from the date of this Announcement.

This announcement is dated 3 December 2020.

Posted by Shadow Fiend > 2020-12-03 21:59 | Report Abuse

Ain't gonna accept the take over since the company prospect is bright with green energy, at the price of RM0.95/share, it is not attractive to minority shareholders as the net cash in the company already worth RM0.14/share.

So using price of RM0.81/share to take over, the offeror is in an advantage to buy a bright prospect business which able to generate income of RM30m - RM50m annually with merely RM418m that translated P/E of 8.3 - 13.9 which hasn't include contribution from the recent acquired solar energy yet.

Offeror is smart to take over now driven by recently high CPO prices, worldwide inclination for green energy leading by US, largest biomass boiler manufacturer in South East Asia, recent high CAPEX of RM21.1m in Indonesia for expansion in FY2020 as compared to annual CAPEX of RM1.0m - RM2.0m.

Posted by yangxi > 2020-12-04 07:41 | Report Abuse

what happen if i no selling ... keep holding?

Posted by Shadow Fiend > 2020-12-04 08:58 | Report Abuse

Since QL intends to maintain the listing of Boilerm, nothing will happen if you are not selling unless QL acquired > 75% of equity interest.

Posted by changyl > 2020-12-04 09:20 | Report Abuse

First time encounter this, I will keep both Boilerm & QL.

Posted by Shadow Fiend > 2020-12-04 09:27 | Report Abuse

Me too, first time.

Posted by Shadow Fiend > 2020-12-04 10:04 | Report Abuse

Don't hesitate to consult your remisier as it's their scope of work, don't waste your brokerage fee for nothing =D

Posted by Angel of KLSE 大马股仙 > 2020-12-04 16:44 | Report Abuse

I morning ask my remisier until now still no answer. My question: if offeror intends to maintain the listing of boilerm, why offer to buy all the remaining shares?

Posted by Angel of KLSE 大马股仙 > 2020-12-04 16:49 | Report Abuse

Now price is above offer price, which stupid would accept the offer?

Posted by zen_2k > 2020-12-04 16:57 | Report Abuse

@angel i think they are just adhering to the SOP of the Securities Commission. Own certain sum, must attempt to take over smtg liddat

Posted by stockraider > 2020-12-04 17:01 | Report Abuse

This is the regulation mah...!!

If above hold 33% & less than 50% holding they must not buy more than 2% a year, if buy above that trigger GO for everyone loh...!!


Posted by Angel of KLSE 大马股仙 > Dec 4, 2020 4:44 PM | Report Abuse

I morning ask my remisier until now still no answer. My question: if offeror intends to maintain the listing of boilerm, why offer to buy all the remaining shares?

Posted by DannyArcher > 2020-12-04 17:25 | Report Abuse

@stockraider

Just bursa SOP only because they bought the 4% from one of the main shareholders, thus it automatically triggers a "mandatory take-over offer" based on the existing law, QL already said they have no intention of delisting it and they simply give a figure of the last transaction price of 95 cent, which they have no intention of buying any from the open market.

Nothing changed, those that bought now hoping QL will offer higher price to mop up all the remaining shares don't understand the whole situation. QL is not buying all of the remaining share, not 1 unit more. QL is not delisting BM. QL is just buying up the 4% held by one of the directors or whomever he is. That's all.

Posted by stockraider > 2020-12-05 12:34 | Report Abuse

What does this cpo price trend below tell U leh ??

Date Settlement Price RM
3 Dec 20 3332
2 Dec 20 3316
1 Dec 20 3347
30 Nov 20 3305
27 Nov 20 3338
26 Nov 20 3227
25 Nov 20 3285
24 Nov 20 3249
23 Nov 20 3326
20 Nov 20 3288

Ans; Rising CPO price and Rising Profit loh!!

Until Sept latest qtr result cpo average is roughly rm 2600 mah!!

December QTR we will be seeing conservatively Average Price Rm 3200, that is 23% increase in price n this increase revenue will all goes to the bottom line profit as there are no cost applicable to revenue generated from price increase loh...!!

Just imagine if Average palm oil price is Rm 2800, U already see super strong profit loh!! But now we are at above 3500 loh...!!

Can U forecast & project what will palmoil company potential profit at rm 3500 cpo leh ?

Posted by stockraider > 2020-12-05 15:57 | Report Abuse

That means the upside of palmoil above Rm 3500 is still sustainable going fwd loh!!


"Soya Bean Oil {SBO} price premium over CPO currently stand at USD 195 per tonne. Consumers in India, Pakistan and other sub continents are price sensitive."!

Posted by xjteh > 2020-12-08 16:57 | Report Abuse

After overshooting the TP: 0.965, finally it started to retreat. Still it is a good buy. But, wait patiently for 2 buy-in level: BY1: 0.905, BY2: 0.845.

Posted by xjteh > 2020-12-08 17:01 | Report Abuse

Angel of KLSE 大马股仙 Now price is above offer price, which stupid would accept the offer?
Angel: your question is answered as above. With price moves lower, u will accept the offer:)

Posted by Dartmaster > 2020-12-10 14:39 | Report Abuse

best company ever . company of the future get on the ⛵

Posted by Axelrod > 2020-12-10 14:43 | Report Abuse

This is silent solar player with QL as big boss, later dont miss it like solarvest or samaiden. TQ

Posted by Dartmaster > 2020-12-10 14:43 | Report Abuse

green energy . reduce pollution solar what else can you ask

Posted by Shadow Fiend > 2020-12-10 15:44 | Report Abuse

share price is in the path of reflecting its value, how high can it go?

Posted by Orlando > 2020-12-17 10:16 | Report Abuse

Current price too high

No one wil sell to QL

Without QL holding a bigger stake can't enjoy d goodness tat QLcan bring

Wil remain same old lousy co

Posted by 60108599233_Jack > 2020-12-17 17:27 | Report Abuse

BOILERM :
- Entry: <1.08
- Cut Loss: 1.03
- Risk: 4.63%
- MACD: 0.0058

TP Valid for Swing only:
- TP1: 1.12
- TP2: 1.16

Posted by Kang Yao > 2020-12-18 21:21 | Report Abuse

why would they want to offer this when they can buy quitely on market? my guess is they just want to pull a break on the running share price. but after this, the price can continue its momentum.

Posted by Sinoboy > 2021-01-05 19:32 | Report Abuse

Hmmm, can't sustain above rm1...

Posted by anicca > 2021-01-11 06:43 | Report Abuse

Hi guys what will happen to this share after closing date of take over acceptance 14Jan2020 ? I did not accept the take over

Posted by Sinoboy > 2021-01-11 20:11 | Report Abuse

I didn't either. How

Posted by damiel > 2021-01-13 11:43 | Report Abuse

QL had launched the takeover on Dec 4, after it had entered into an unconditional share acquisition agreement with Leong Yew Cheong — Boilermech’s managing director — to buy 20.64 million shares, representing 4% equity interest for a total cash consideration of RM19.61 million or 95 sen per share.

Posted by damiel > 2021-01-13 11:43 | Report Abuse

QL said the offer was deemed as a technical general take-over offer, and that it intended to maintain the listing status of Boilermech.QL currently controls a 48.41% stake or 249.79 million shares in Boilermech.

Posted by trend_first > 2021-01-15 17:15 | Report Abuse

Can we still sell the shares in bursa after the take over? I thought after the take over, Boilermech Bhd will be delisted.

Posted by anicca > 2021-01-15 19:04 | Report Abuse

yes i also wonder what will happen after closing date (been extended 2weeks)?? will Boilerm shares still tradeable as usual?

Posted by Sinoboy > 2021-01-16 00:26 | Report Abuse

Apparently, ql resources will maintain listing of boilermech after take over. Better to confirm with broker or remisier

Posted by trend_first > 2021-01-16 14:23 | Report Abuse

Check bursa announcement on 4th Dec by the independant adviser to s/holders, confirm the listing status will be maintained. They also advise s/holders to reject the offeror RM0.95 offer price as the price is not fair and not reasonable.