Mestron’s Managing Director, Mr Por Teong Eng, said: Digital Nasional Bhd (“Digital Nasional”), the state-owned specially purpose vehicle (“SPV”) has announced that Ericsson will design and build its 5G infrastructure at the cost of RM11 billion. The government has set an aim to launch 5G services by the end of this year in three cities, namely Kuala Lumpur, Putrajaya and Cyberjaya. It will also launch 5G services in five major cities and districts in Selangor, Pulau Pinang, Johor, Sabah and Sarawak by 2022. The rollout of 5G services to cover 17 cities and rural areas is expected to commence from 2023 onwards. “A faster rollout of 5G network in Malaysia is a positive catalyst for the Group as this would drive the demand for our specialty pole products. As we have witnessed during the 1HFY21, the strong demand for specialty pole products increased our profit margin and overall financial performance. Given that Malaysia is one of the largest market contributing to the Group’s revenue, accounting for about 93% of the Group’s total revenue, the sustained demand for our specialty pole products will help to accelerate earnings growth in the near-term,” Por said.
Yes that is correct with the implementation of 5G the poles need to be changed as such Mestron stands a very good chance to reap big gains. This would have been sooner if not for the unstable govt.
@VTrade, I spotted this article and did a research and found that Mestron makes specialty poles that fit the purpose of the project in Penang. Other competitor is Lysaght that makes the LYCORPOLE steel column and mast. Although the supplier for this project was not revealed, I have a hunch that it is Mestron.
Subject was incorporated on 07 February 2018 in Malaysia under the name LIZIZ BIOGAS SDN. BHD. with registration number of 201801005407 (1267421-D). LIZIZ BIOGAS SDN. BHD.'s business includes OPERATION OF GENERATION FACILITIES THAT PRODUCE ELECTRIC ENERGY.
LIZIZ BIOGAS SDN. BHD. is a private limited company and has been existed for 3 years.
KUALA LUMPUR: Mestron Holdings Bhd (MHB), via its wholly-owned subsidiary Mestron Energy Sdn Bhd (MESB), is acquiring the entire stake in Liziz Biogas Sdn Bhd from Maxcom Engineering Sdn Bhd for RM3 million cash.
In a statement today, the company said the acquisition represents MHB's second effort to venture into the green technology business to enhance recurring income for the company.
Liziz is principally involved in generating biogas electric energy.
The company has also recently ventured into solar power systems for the telecommunication industry. The acquisition will be funded internally via proceeds raised from the recent private placement exercise of MHB, it said.
MHB executive director Gary Loon said the acquisition aligns with the company's focus on environmental, social and governance (ESG) initiatives. He said the acquisition is also part of the company's effort to expand its business growth beyond core activities on manufacturing steel poles and outdoor lighting products.
"The proposed acquisition of Liziz will formally put MHB as one of the few listed companies in Malaysia involved in the biogas renewable energy business," he said.
Loon added that Liziz has the potential to expand its capacity by another 1.2 megawatts (MW) in two to three years, given its strategic location that enables access to raw material.
"The expansion of the capacity is subject to the miller's expansion plan and the availability of TNB's (Tenaga Nasional Bhd) power grid quota.
"It is also worth noting that the acquisition will be earnings accretive for MHB as Liziz's biogas plant is expected to be fully operational by the second quarter of 2022," he added.
0207 MESTRON MESTRON HOLDINGS BERHAD Additional Listing Announcement /Subdivision of Shares 1. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : Private Placement Details of corporate proposal : MESTRON HOLDINGS BERHAD ("MESTRON"OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 20% OF THE ISSUED ORDINARY SHARES IN MESTRON ("PRIVATE PLACEMENT") No. of shares issued under this corporate proposal : 23,550,000 Issue price per share ($$) : 0.3015 Par Value ($$) (if applicable) : 0.000 Latest issued share capital after the above corporate proposal In the following Units : 930,450,000 Issued Share Capital ($$) : Malaysian Ringgit (MYR) 83,590,565.000 Listing Date : 08/09/2021 Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
JF Apex Research said Mestron has signed a share sale agreement with Maxcom Engineering Sdn Bhd to acquire 100% of Liziz Biogas Sdn Bhd for RM3mil. Liziz is involved in the generation of biogas electric energy.
At the moment price is between demand area. (325-340). FA wise, is a good company, good for long term. TA wise, most likely will sideway for awhile. Dingdong bettween the price range. But if break below 325 better becareful. Just my 2 cent
The group's executive director Gary Loon said Liziz would generate a stable recurring income of RM6.3 million annually for the group in the next 21 years . Liziz also entered into a renewable energy power purchase agreement (REPPA) with Tenaga Nasional Bhd in 2019.
Liziz is principally involved in generating biogas electric energy. The company has also recently ventured into solar power systems for the telecommunication industry. (BTimes)
The support level at 0.32 - 0.325 and warrants at 0.12 is quite strong. Current level could be good buy if the above solar power system for telecommunications industry start.
Since the 20% private placement is at 0.3015. market share price should not go below private placement price. So current price is safe to buy for long term.
I am looking good at this 5G company, will collect more for long term, although it very slow, but better than it goes up crazily and come down heavily like roller coater.
Very steady at this price range 0.32-0.33 and warrant 0.115-0.125, just buy in before it goes up.
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....
Drachen
249 posts
Posted by Drachen > 2021-08-24 14:46 | Report Abuse
Sabarlah. Mesti naik tak lama lagi.