Target Invest - We Target, We Invest
BTM WILL CONFIRMED UPTREND !!! LETS UPTREND TOGETHER!!
For latest information, can join us at
BTM RESOURCES BERHAD, A NORTHERN REGION TIMBER PLAYER DIVERSIFYING INTO RENEWABLE ENERGY COULD BE ATTRACTIVE TARGET FOR INVESTOR EYEING TO INVEST INTO THE CONCESSION AT THE CURRENT PRICE.
BTM RESOURCES BACKGROUND
BTM Resources Berhad ("BTM") was incorporated in Malaysia on 10th June 1994 as a public limited company under the Companies Act, 1965. BTM is listed on 27th March 1996 on the Main Market of the Bursa Malaysia.
The principal activity of BTM is that of investment holding and provision of management services while its subsidiary companies are involved in logging, sawmilling, trading of sawn timber, logs and plywood, kiln-drying operations, timber moulding, manufacturing of finger jointed timber and lamination boards, and letting of plant and machineries.
RECENT DEVELOPMENT
BTM TO SELL ENERGY TO TNB FOR 21 YEARS, COMMENCING NO LATER THAN JANUARY 2023. THE CAPACITY IS 10MW, WITH A FIXED RATE OF 34.86 cent PER kWH FOR 21 YEARS.
While things are still fresh, there are a lot of background work which is already going on.
Firstly is private placement of 10% which is approved.
Secondly, there is a new entry of shareholder which is very bullish on BTM to be CONFIRMED UPTREND
DATUK WOO THIN CHOY 4.45% acquisition via CONFIRMED UPTREND SDN BHD. This company name already giving hint :D
Now that the KLSE MOST PROLIFIC COMPANY, TOPGLOVE, already announce outstanding QR, i believe the shift of trend will be coming towards PLANTATION AND TIMBER INDUSTRY next week
The chart is showing good consolidation effort around 20 cents. Trend like is looking good with uptrend effort able to see BTM trading 25 cents for next spike.
Market talks are looking at BTM probably eyeing for fresh concession from TERENGGANU STATE GOVERNMENT for fresh timber concession. If BTM is able to secure more land for INDUSTRIAL TIMBER PLANTATION, then BTM will be very attractive moving forward.
The INDUSTRIAL TIMBER PLANTATION CONCESSION will be used to feed in fuel for the 10MW BIOMASS ENERGY PLANT.
MARKET OBSERVER ARE POSITIVE BTM WILL BE ABLE TO GET 3000 TO 6000 ACRE OF LAND FOR INDUSTRIAL TIMBER PLANTATION, FROM A MIXED OF PRIVATE JOINT VENTURE AND STATE GOVERNMENT LEASE LAND.
With just a market capitalization of RM 27 million, there are much space for BTM to explore upwards
For latest information, can join us at
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
Market Buzz
More articles on Target Invest - We Target, We Invest
LCTITAN - A POTENTIAL MISSING PIECE OF JIGSAW PUZZLE FOR PETRONAS ?
Created by targetinvest | Aug 12, 2024
HOW LCTITAN CAN BE ROPING INTO THE GREEN HYDROGEN ECOSYSTEM WITH TOLUENE?
Created by targetinvest | May 20, 2024
IS CENSOF WORTH YOUR HOLDING FOR THE NEXT 3 YEARS? READ THIS BEFORE DECIDING
Created by targetinvest | May 17, 2024
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
Mercury Securities Research
2
3
4
THE INVESTMENT APPROACH OF CALVIN TAN
5
THE INVESTMENT APPROACH OF CALVIN TAN
6
Good Articles to Share
Nippon Steel's US Steel takeover plan has support in steelmaking areas, executive says
7
Good Articles to Share
This is going to be a 'battle on Capitol Hill,' economist warns
8
Good Articles to Share
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
