Stock Of The Day

MINETEC (7219) - Will BENEFIT FROM MRT 2 !!

wecan2088
Publish date: Sun, 12 Mar 2017, 12:24 AM
 

MINETEC started as a drilling and blasting service in 1977 by the founder, Mr. Michael K S Chin, has since developed into one of the largest aggregate mining business in Malaysia. To date, Minetech Resources Berhad (MRB) operates an expanding network of 9 quarries around Malaysia and overseas. With over 30 years of industry experience, MRB has also positioned itself to provide quality and specialised civil engineering works including drill and blast services, earthworks, road pavement projects and building construction. 

 


Imagine with so many quarry and premix at Most important Selangor state, MRT projects, highway will for sure need those product in futures. 

 

We all know that MRT2 projects will be awarding soon, and the Tunneling job worth a big value of RM 12 billions. souce: http://www.thestar.com.my/business/business-news/2016/02/11/bidding-starts-for-mrt-2/
 

*Apart from having a more expensive tunnel, MRT 2, also known as the Sungai Buloh-Serdang-Putrajaya line, will offer more main civil engineering and construction packages from the first line.

 

 

Is this all really going to benefit MINETEC? Looking at MINETEC, they are specialize in drilling, blasting, infrastructure works, rock drilling ! What else company can do all this? Yes it's MINETEC. 

According to many professional in construction field, before starting this tunneling projects, soil stabilizing job needed to be done and who can do? MINETEC again !! 


I can't explain too much on how much MINETEC will indirectly benefit from those big projects, it's all on future outlook and own views. 

 

Minetech evolved from a drilling and blasting services company to an integrated provider of quarrying services and facilities. Listed on the Second Board of Bursa Malaysia Securities, Minetech has 13 subsidiaries.

Minetech operates nine quarries in Malaysia. With an 8.16-million-tonne capacity, the company is among the largest aggregates players in the country and boasts a 10 per cent market share in the production of construction materials.

Turnkey quarry operation services - quarry face development, drilling and blasting, loading and hauling, rock crushing and loading of finished aggregates - are only some of Minetech's strengths. Minetech also offers specialised civil engineering services and machinery rental. The company's cost-effective offerings boost client productivity.

Blasting is a critical aspect of quarrying operations. Minetech is the main contractor for rock blasting at one of Malaysia's most successful gold mines, Selinsing.

Minetech is also renowned for controlled blasting, which can detonate 140,000 tonnes in one go. The company has worked on projects for the MRT in Malaysia, which runs through urban areas. Through controlled blasting, Minetech ensures surrounding structures remain unaffected.

Minetech plans to evolve into a multicore company by diversifying into mining and technology-driven construction.

 

 

MRT Corp awards RM2.74b contracts to Gadang, SunCon, TRC and Acre Works


 

KUALA LUMPUR (March 10): Mass Rapid Transit Corp Sdn Bhd (MRT Corp) has awarded work packages worth a total of RM2.74 billion to four companies for the MRT2 construction.
 
The companies are Trans Resources Corporation Sdn Bhd, Gadang Engineering (M) Sdn Bhd, Acre Works Sdn Bhd, Sunway Construction Sdn Bhd, MRT Corp said in a statement.
 
Gadang Engineering, a unit of  Main Market-listed Gadang Holdings Bhd, bagged the highest value contract package worth RM952.09 million. This is for the construction of a viaduct guideway and other associated works from Serdang Raya to Universiti Putra Malaysia.
 
Trans Resources, meanwhile, has been given the responsibility of constructing a viaduct guideway and other associated works from Kampung Muhibbah to Serdang Raya worth RM858.18 million. Trans Resources is a unit of TRC Synergy Bhd, which is controlled by its founder Tan Sri Sufri Mohd Zin.
 
Acre Works received the third work package worth RM715.99 million, in which it is expected to complete a viaduct guideway and other associated works from Persiaran Alpinia to Persiaran APEC.
 
Acre Works’ executive chairman Datuk Idrose Mohamed was formerly the chief executive officer at the then Syarikat Prasarana Negara Bhd (now Prasarana Malaysia Bhd) and also Pos Malaysia Bhd.
 
As for Sunway Construction — part of Sunway Construction Group Bhd — it was awarded a RM212.3 million job to build elevated stations and other associated works at Damansara Damai, Sri Damansara West and Sri Damansara East.
 
This is in addition to Sunway Construction’s current job of building the elevated guideway from Sungai Buloh to Persiaran Dagang, Sri Damansara  for the MRT2 line, and also building the elevated viaduct for from Section 17, Petaling Jaya to the Semantan Portal for the MRT1 line.
 
“I wish to welcome them back to the MRT project. Their experience working on the (MRT1) Line will be invaluable, as they have would have many lessons learnt. I believe this will enable them to give their best and perform well for the (MRT2) project,” MRT Corp chief executive officer Datuk Seri Shahril Mokhtar said in the statement.
 
Shahril added all four winning tenderers were selected on the basis of the best evaluated tender, where the tenders were evaluated on their technical, commercial, legal, financial and Industrial Collaboration Programme (ICP) evaluation.
 
MRT2, also known as the of the Sungai Buloh-Serdang-Putrajaya (SSP) Line, is 52.5km long and is expected to be fully operational by the second quarter of 2022, with average daily ridership of 529,000 passengers.

MINETEC (7219) will benefit from the MRT 2 project. That why share price sharp rise on friday !!

 

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MINETECH RESOURCES BERHAD ("MRB" OR THE "COMPANY") PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN MRB ("MRB SHARES"), REPRESENTING NOT MORE THAN 10% OF THE TOTAL NUMBER OF ISSUED MRB SHARES ("PRIVATE PLACEMENT")

MINETECH RESOURCES BERHAD

 

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
MINETECH RESOURCES BERHAD ("MRB" OR THE "COMPANY")

PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN MRB ("MRB SHARES"), REPRESENTING NOT MORE THAN 10% OF THE TOTAL NUMBER OF ISSUED MRB SHARES ("PRIVATE PLACEMENT")

We refer to the announcements made on 26 April 2016, 27 April 2016, 18 May 2016, 1 July 2016, 14 July 2016 and 24 November 2016 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of MRB, TA Securities wishes to announce that the Board has on 9 March 2017 (“Price-fixing Date”) fixed the issue price for the 2nd placement tranche of 30,000,000 Placement Shares at RM0.15 each (“Issue Price”).

The Issue Price of RM0.15 is at a premium of approximately RM0.0462 or 44.51% to the 5-day volume weighted average market price of the MRB Shares up to and including 8 March 2017, being the last market day immediately preceding the Price-fixing Date, of RM0.1038.

This announcement is dated 9 March 2017.

MINETECH private placement at price 15sen per share. which is at a premium of 50% premium on thursday share price 10.5sen !! This is showing strong investor confidence and interest on MINETEC. Since 99% listed company share private placement price at discount of market price. This is why i strong believe MINETEC share price will reach at least 15sen soon. 

 

MINETEC  (7219) weekly chart show a very strong BULLISH signal !! Since MINETEC break 11sen strong resistance with huge volume, it is forming a double bottom pattern "W" . From technical view, MINETEC will moving higher to 17sen in short term.

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Be the first to like this. Showing 12 of 12 comments

zeeroy

Rubbish

2017-03-12 12:09

Ramada

Hit and run. Who buy who die die.

2017-03-12 13:35

Risk Rider

This writter recommended a new stock almost on daily basis, better stay away from this kind of articles

2017-03-12 15:33

wecan2088

Welcome all to join my telegram : wecanstock . Many ppls making money after join, what u waiting for ?? Join now !!

2017-03-12 15:56

wecan2088

MINETEC also link to IWCITY.

2017-03-12 22:52

wecan2088

MINETEC director Chong Jun Heng previously is IWCITY general manager.

2017-03-12 22:54

crazy127

Buy M
Nestle....dividend rm3k,,,,,MInetec dividend 0....rubbish counter

2017-03-13 07:05

mahorse

Minetec market cap 83 million ; Nestle 18 billion

What a strange comparison ,' investors who buy Nestle might not even know of Minetec.

2017-03-13 07:58

goreng_kaki

tp 5 sen?

2017-03-13 13:46

Beerbeer88

Comparing Nestle to Minetec is a proven way to show your knowledge level. Nestle might need to launch some dairy product to help to boast up it consumer brain.

2017-03-13 21:23

Risk Rider

Funny theory

wecan2088 MINETEC director Chong Jun Heng previously is IWCITY general manager.
12/03/2017 22:54

2017-03-14 21:13

fl888

Substantial shareholders increasing their stake for MRT projects ???

2020-03-27 09:22

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