RM80 mil for Mimos to expedite Digital ID programme, says PM
https://theedgemalaysia.com/node/690788

HLIB expects ITMAX to win more jobs in Johor
https://theedgemalaysia.com/node/690841

Apex starts coverage on Infoline, sets RM1.15 target price
https://theedgemalaysia.com/node/690832

Analysts lift MyEG’s TP, earnings on Zetrix token sales, e-government contract extensions
https://theedgemalaysia.com/node/690712

The Prestige Hotel is a premium homegrown hospitality label located in the heart of the Georgetown UNESCO world heritage site. Inspired by its colonial Victorian heritage, it welcomes the urbane traveler to a magical contemporized colonial scene, with 162 rooms, an all-day dining outlet, an arcade with a mix of retail outlets, event spaces and a rooftop infinity pool. 25 minutes away from Penang International Airport, within walking distance to Penang’s cultural hotspots and popular gourmet finds, together with Prestige’ bespoke hospitality, The Prestige Hotel brings local inspiration to life for intrepid world travelers seeking to experience local charm at its best. It is the perfect designer living space for the busy business executive and the contemporary world traveler of today.
https://theprestige.my/

Hiap Teck's Eastern Steel to shift product focus to hot rolled coils next year
https://theedgemalaysia.com/node/689303

IoT In Our Smart Cities
https://www.businesstoday.com.my/2023/11/07/iot-in-our-smart-cities/

MyEG’s Zetrix ‘Game Changing’ Financing Pilot With Chinese Banks
https://www.businesstoday.com.my/2023/11/03/myegs-zetrix-game-changing-financing-pilot-with-chinese-banks/

Edge Weekly dd 30/10/2023 features articles on 'Data Centre Industry Booms'. MN Holdings is one of the co listed.

Data Centre Providers To Have Greater Presence In Malaysia – CHINT Global
https://www.businesstoday.com.my/2023/10/27/data-centre-providers-to-have-greater-presence-in-malaysia-chint-global/

⭐️MN Holdings TP 0.59⭐️

Record earnings on the making


With a robust order book and aplenty replenishment opportunities on the horizon, MNH is poised to achieve record-high earnings in FY23. We have revised our FY24 and FY25 forecasts upward by 32% and 66%, respectively. Our fair value for MNH now stands at RM0.59, up from the previous RM0.45, based on a 12x FY25f EPS of 4.9 sen. Given MNH's significant presence in the solar and data centre industries, the stock appears to be undervalued, especially with its forward P/E ratio of 8.8x.

HLIB Research 26102023

One million ZTX Cryptocurrency IEO at 5.00 USDT per token, or a total of 5,000,000 USDT over subscribed.

MyEG expects to complete immigration services system enhancement in a month
https://theedgemalaysia.com/node/687059

Can Mnhldg breakout of historical high of 0.40 set on 14/2/2023 ?

More importantly, in our view, is the timeline for MyEG’s ZTrade platform to go live, after
which all inbound customs trade between Malaysia and China will likely be processed
via the platform. We understand the pilot run has been successful and following the
conclusion of the recent bilateral agreement between Malaysia’s Ministry of International
Trade and Industry (MITI) and Chinese Customs, the service is now undergoing final
administration formalities prior to the official launch, likely by end-Oct 2023.

● Upon going live, this could provide a decent recurring revenue for MyEG through a fixed
fee generated for each Certificate of Origin (CO) issued. We expect ZTrade to anchor
the growth for MyEG’s blockchain segment, complemented by other ancillary services,
such as digital identity credential and Zetrix token sales.

CgsCimb 18102023

MyEG Receives 2-Year Contract Extention For Immigration From Home Ministry
https://www.businesstoday.com.my/2023/10/17/myeg-receives-2-year-contract-extention-for-immigration-from-home-ministry/

MyEG’s blockchain infra Zetrix to issue cryptocurrency via initial exchange offering
https://theedgemalaysia.com/node/686517

State Smart Traffic Deal Can Propel ITMax To Next Level: HLIB
https://www.businesstoday.com.my/2023/10/11/state-smart-traffic-deal-can-propel-itmax-to-next-level-hlib/

Minox Releases 1H Financials As It Prepares For Listing On 17 October
https://www.businesstoday.com.my/2023/10/10/minox-releases-1h-financials-as-it-prepares-for-listing-on-17-october/

ITMAX Strengthens Its Presence In Johor With RM79.6 Million Contract
https://www.businesstoday.com.my/2023/10/10/itmax-strengthens-its-presence-in-johor-with-rm79-6-million-contract/

ZTX IEO will be in Coinstore.com from 18 Oct to 26 Oct 12noon UTC+8. Make sure you are set up and ready. Each account is limited to maximum 20,000USDT subscription

Trading ZTX/USDT will be on Coinstore, Bitforex & MEXC on 28 Oct 12noon UTC+8 - Zetrix Official Telegram

Reservoir Link Mulls Listing Subsidiary On Nasdaq
https://www.businesstoday.com.my/2023/10/03/reservoir-link-mulls-listing-subsidiary-on-nasdaq/

MBSB completes RM1.01b acquisition of MIDF
https://theedgemalaysia.com/node/684511

Coinbase awarded full major payment institution licence from Singapore's MAS
https://theedgemalaysia.com/node/684508

Coinstore interview Dato' Fadzli Shah co owner of Zetrix & tantative IEO listing date confirmed.
https://www.youtube.com/watch?v=nak2Y7jzYQQ

Margins set to rebound; upgrade to Add
■ We upgrade BFood to Add from Reduce with a higher GGM-based TP of
RM1.00 as earnings are set to improve on higher sales and margin recovery.
■ Key re-rating catalysts: i) robust store expansion to drive sales growth, ii)
margin expansion as input costs ease from 2HFY24F, iii) rebound in tourism.
■ We switch to GGM model (prev. 12x CY24F P/E) to better reflect future
profitability – 21% ROE, 9.5% COE, 4% long-term growth.

Kindly refer to BursaKakis Telegram Channel for full research report.

0 seconds ago

Itmax bags second Johor contract in a week
https://www.thestar.com.my/business/business-news/2023/09/23/itmax-bags-second-johor-contract-in-a-week

Tomei units get pawnbroking, money lending license
https://www.thestar.com.my/business/business-news/2023/09/26/tomei-units-get-pawnbroking-money-lending-license

***Managing director Loy Siong Hay said the completion of the data center projects would allow the group to recognised substantial earnings contribution from these projects.*** - The Star 30082023

1) DRP 81,110,668 X 0.715 = RM57,994,141.92

2) IEO Zetric Coins 1,000,000 X USD5/coins = USD5,000,000 X 4.5 = RM22,500,000.00

MYEG richer by RM80,494,141.92

MN Holdings bags RM18.5mil substation engineering contract at Nusajaya Tech Park

https://www.thestar.com.my/business/business-news/2023/09/20/mn-holdings-bags-rm185mil-substation-engineering-contract-at-nusajaya-tech-park

https://www.businesstoday.com.my/2023/09/20/mn-holdings-lands-rm18-5-million-substation-contract-for-gds-data-centre-expansion-in-johor/

Myeg Blockchain Zetrix coin scheduled to be listed in Coinbase Exchange @ USD5/coin on 23092023
https://coinmarketcap.com/exchanges/coinbase-exchange/

• Zetrix advancing to deep monetisation stages.

Zetrix’s potential is gaining more clarity as the blockchain platform is on track to be integrated into China’s and the Philippines’ customs, with the China blockchain services targeted to be commercially launched in Oct
23. The key scope of services includes the issuance and authentication of the certificate of origin (COO), smart contract information verification and blockchain-based digital signing. We expect more Zetrix token sales in 2H23 as the customs project is commercially launched and starts generating transaction fees and gas fees which are settled with Zetrix tokens. We understand that the exchange has underwritten US$5m Zetrix tokens.

• Blockchain roll-out reaching its boiling point.

My EG Services’ (MYEG) Zetrix blockchain roll-out is coming to a head as the potential becomes increasingly clear ahead of the upcoming initial coin offering (ICO) at end-September. The official launch of its certificate of origin (COO) authentication service alongside China Customs is slated for Oct 23 and represents the maiden commercial deployment of the Zetrix platform. Contributions from both Malaysian and Philippines transactions are expected to drive up demand for Zetrix tokens, underpinning our assumptions of a good subscription rate for the ICO.

Arm climbs 25% in Nasdaq debut after pricing IPO at $51 a share
https://www.cnbc.com/2023/09/14/arm-ipo-arm-starts-trading-on-the-nasdaq-in-win-for-softbank.html

MyEG says foreign worker permit renewal services not suspended
https://theedgemalaysia.com/node/682605

MN Holdings bags RM40.1mil job to build main distribution substation network in Perak
https://www.thestar.com.my/business/business-news/2023/09/14/mn-holdings-bags-rm401mil-job-to-build-main-distribution-substation-network-in-perak

"MyEG's immigration job intact"
https://www.nst.com.my/business/2023/09/955092/myegs-immigration-job-intact

EY Entrepreneur Of The Year™ Malaysia 2015 top nominees - Liew Choon Lian
https://www.ey.com/en_my/entrepreneur-of-the-year/ey-entrepreneur-of-the-year-malaysia/past-top-nominees/2015-top-nominees/liew-choon-lian

Ultimate Offeror

Liew Choon Lian (LCL), a Malaysian male, aged 63 is a founder of MDT Innovations Sdn bhd ("MDT"). He is currently the Group Chief Executive Officer of MDT. MDT is principally involved in providing information technology ("IT") solutions. This comprises design, development, prototyping, manufacturing, application development, sales & marketing, maintenance and support services of Internet of Things (IoT), electronic identification, finance technology, and digital transformation and technology services.

LCL is also the Chairman and Chief Executive Officer for Evergreen Corporation. Evergreen Corporation operates as a special purpose acquisition company which is listed on Nasdaq Stock Market.

He was previously involved as a market analyst and consultant in the technology space. He also worked with Matsushita Electric Industrial Co. Ltd and held the position of General Manager of worldwide operations prior to leaving the company to become an entrepreneur.

He is also currently serves as director and shareholders for several other private companies.

As at the date of this Notice, LCL has indirect shareholding of 180,687,820 Systech Shares representing approximately 52.25% of the total issued shares in Systech (excluding 1,860,000 Systech Shares held as treasury shares), vide his interest in SCSB.

MN Holdings wins RM23.8mil contract from TNB
https://www.thestar.com.my/business/business-news/2023/09/07/mn-holdings-wins-rm238mil-contract-from-tnb

Comparison with immediate preceding quarter’s results

The Group recorded a higher revenue of RM16.18 million during the quarter under review as
compared to RM12.53 million recorded in the immediate preceding quarter ended 31 March 2023.
This was mainly due to increase in new orders from managed IT services and trading of ancillary
hardware and software segments in the current quarter under review.

In tandem with the higher revenue recognised during the current quarter under review, the Group
also recorded higher administrative expenses compared to the immediate preceding quarter ended
31 March 2023 following the Group’s continuous business expansion.

Consequently, the Group reported a higher profit before tax of RM3.97 million during the current
quarter ended 30 June 2023 as compared to RM3.08 million in the preceding quarter ended 31
March 2023.

Prospects

The outlook for the IT infrastructure and cybersecurity sector remains robust due to demand for IT
solutions to support the digital transformations initiative of organisations.

The Group’s customer base in the People’s Republic of China (“PRC”) has expanded beyond
Shenzhen (where the Group is based in in the PRC) to other parts of PRC such as Beijing, Shanghai
and Fujian. In addition, the Group has also secured new projects from new customers in Asia Pacific
countries including India, Singapore and Japan.

Looking ahead, the Board remains optimistic about the prospects of the industry and the Group. The
Board is confident in the management’s ability to take advantage of the promising market possibilities
by leveraging on our established track record and the strong technical capabilities of our team to
continue thriving and creating greater performance and added value for all our stakeholders.

Barring any unforeseen circumstances, the Group expects to continue to register growth in its sales,
market share and profitability.

Q2 Jun 23 Report dated 15/8/2023

ZETRIX - Xinghuo Blockchain Infrastructure & Facility International Backbone and Supernodes
https://youtu.be/SVBbaSH-8Vo?si=SwkmHTYgPBBUT_uy

Simplify cross -border inspection Zetrix to look at the cost of reducing trade costs
https://www.klsescreener.com/v2/news/view/1198529

Systech receives unconditional takeover offer at 22 sen per share
https://theedgemalaysia.com/node/681551

GHL gains from greater e-wallet transactions
https://www.thestar.com.my/business/business-news/2023/09/06/ghl-gains-from-greater-e-wallet-transactions

TP 1.00 by UOB 30/8/2023

 Higher earnings in 2H23. We expect higher earsnings in 2H23 with higher contribution from cross-border transactions with the expectation of higher tourist arrivals, especially from China. GHL had also announced its partnership with Standard Chartered Malaysia to provide merchants with comprehensive payment solutions. We expect this to continue benefiting both its TPA and shared services segments.

 Micro lending services in Thailand and the Philippines. GHL is expanding into micro lending services, disbursing RM10m in 2022 and RM20m in 1Q23 in Malaysia. The lending business’ targeted customers would be GHL’s merchants as GHL has access to their transactions and business data for better risk management. GHL targets to have RM8-12m disbursement per month in 2023 with GHL starting to launch the micro lending services in Thailand and the Philippines. The management mentioned this would contribute about 6% of its total revenue in 2-3 years’ time.

Variation of Results against Preceding Quarter

The Group recorded a profit before tax of RM9.04 million for the current quarter ended 30
June 2023 as compared to RM4.37 million in the preceding quarter ended 31 March 2023,
showing an increase of RM4.67 million or approximately 107%. This was mainly due to gain
on foreign currency exchange and increase in sales in both local and oversea markets.

Prospects

While the global economy is on the road to recovery, it continues to face challenges and
uncertainties. Rising inflationary pressures from factors such as surrounding trade dispute
policies and barrier, currency depreciation, higher raw material prices and natural disaster
have impacted the market volatility.

However, the Group remains vigilant about the challenges and continues to make progressive
developments in the business by expanding its product range.

In the transformer products, we are experiencing robust demand from data centres, industrial
machinery and the medical industry. The recent need for efficient cloud storage management
has further driven growth of transformer demand in the data centre industry.

Globally, the emphasis on and recognition of environmental, social and governance (“ESG”)
factors have grown significantly in recent years, leading to increased demand for
governments, companies, and other stakeholders worldwide to practices and emphasizing on
the ESG sustainability agenda. The energy transition and master ESG with green technology
will get ahead to drive an increased demand in energy saving products like LED Lighting,
Intelligent Lighting, Control System and Sensors.

To be aligned with the growing demand of ESG data to address economic, social and
ecological challenges of the city, the applications of our in house brand ILCS for the
intelligent lighting control system ("iLCS") which include smart lighting, traffic adaptive
illumination (tai), parking management, environment analysis, smart metering and internet of
things (IoT) connections. can generate valuable information and data to operators,
municipalities, and other stakeholders for better ESG practices and disclosures give us a good
prospect and better market position.

In our die-casting products, beside to continue our business expansion as the OEM Partner for
aluminium die-casting parts in the global market, we have expanded our range of motorcycle
component parts for the after-sales motorcycle spare parts industry and strengthen our
position as a trusted supplier in this thriving market.

In conclusion, the management will keep re-assess the goals and strategies of the Group to
ensure business resilience and are committed to observing and adhering to ongoing policies
and requirements related to sustainability.

Based on our projections, we anticipate that the financial performance for financial year
ending 30 June 2024 will remain satisfactory and together we work towards a more
sustainable future.

Q4 Jun 23 Report dd 30082023

Zetrix token sales set to improve further in 2H23 MYEG’s 2Q23 results were strong, on better-than-expected contribution from its blockchain solutions business. With its flagship Zetrix token set to be listed next month on Coinstore, a SG-based crypto exchange, token sales are expected to pick-up further in 2H23. We have raised FY23-24E earnings by 2-6% and we nudge our TP higher to MYR1.16 (+2%). Our TP is pegged to 20x FY24E PER, at MYEG’s LT Mean; BUY rating maintained.

Maybank IB.

Jordan facility to bolster YTL Power’s prospects
https://www.thestar.com.my/business/business-news/2023/08/28/jordan-facility-to-bolster-ytl-powers-prospects