Flying like Eagle88

Rakuten TP 40 sen -so low.

Scaffolding business is strong - construction business esp data centres need a lot of scaffolding. ha.ha.

THETA main contractor.

Redtone will eventually make Theta Edge their Associate company.

An associate company refers to a company in which another company (investor company) has significant influence in, by virtue of owning at least 20% of shares in it (associate company). The stake is usually between 20% to 50% to ensure the associate has control over the company.

This will also enable Redtone to equity account profits of Theta Edge.

BURSA ANNOUNCEMENT dated 17 July 2024 -REDTONE's RATIONALE OF ACQUISITION.

Acquisitions of 7.3% of Theta Edge Bhd shares .

The Acquisitions will enable the Company to invest in the company with GROWTH and SYNERGY capabilities as well as POTENTIAL BUSINESS COLLABORATION.

The prospects of THETA

THETA group is engaged in the provision of information communication and technology services focusing on information technology solutions & system integration, telecommunication engineering services & civil works, and green energy & environmental infrastructure consultancy services.

In addition, THETA was awarded with a contract for the development of Internet of Things (IoT)solutions for smart economy in Ampang Jaya.

The group is also exploring opportunities in the healthcare segment to diversify its current income stream.

THETA and NOVA collaboration.

With the AI and Datacentre mania, it is imminent Novamsc is ready to begin what they have prepared for. To recap, in January 2023 Novamsc has termed an MOU with Theta Edge Berhad to collaborate on Healthcare and public sector and applied Artificial Intelligence (A.I). This collaboration had materialised a join venture later in September 2023 with term of equity holding Theta 60% and NOVA 40%. This strategic partnering will benefit both parties in term of:

1. Providing e-government solution

2. IT solutions

3. Ready to deploy software

Thanks Eagle -Glad to know that you have cooled down. shalom.

Excellent closing 2.80.

BM Green is a super stock - packed with super fundamentals, super growth and highly underrated. Management is excellent-guided by Blue Chip QL - their holding company.

Redtone will eventually make Theta Edge their Associate company.

An associate company refers to a company in which another company (investor company) has significant influence in, by virtue of owning at least 20% of shares in it (associate company). The stake is usually between 20% to 50% to ensure the associate has control over the company.

This will also enable Redtone to equity account profits of Theta Edge.

WHY BG needs Theta ?

BG/Redtone/ VT- sees massive potential with good chance of winning large scale projects namely-

1- Start Cities to develop IOT for the Ampang Jaya smart economy project.
2-NIISE project
3-Jointly proposing an autonomous rapid transit (ART) system in Johor Bahru (JB) with SIPP Rail Sdn Bhd
4-Power transmission jobs - TNB
5-Others- reported to be eyeing the MLFF project include Berjaya Group Bhd and other contenders.

VT will make things happen for Theta due to his vast business experience.

In fact Theta needs TS Vincent Tan

VT collecting cheap cheap not goreng Bro.

Posted by speakup > Jul 19, 2024 7:36 AM | Report Abuse

VT goreng. dont worry. close eye, buy!

The Powerful DC Theme- Immediate beneficiary

General building contractors and their sub-con like PWRWELL will do very well and the 1st to make big money from these giant tech co building numerous Data centres especially in Johore. Incidentally POWERWELL is one of Malaysia's leading electrical engineering co and has a foothold in Johore.

BERJAYA GROUP BERHAD (a substantial shareholder) acquired 550,000 shares on 15-Jul-2024.

VT's target 20%.0f Theta. Edge .

@ rr88 LOSS MAKING SHIT COMPANY.
..................................................................

Betul ke rr88?

Theta Edge Berhad (KLSE:THETA) Full Year 2023 Results

Key Financial Results

Revenue: RM144.0m (up 53% from FY 2022).

Net income: RM9.58m (up 26% from FY 2022).

Profit margin: 6.6% (down from 8.1% in FY 2022). The decrease in margin was driven by higher expenses.

EPS: RM0.081 (up from RM0.065 in FY 2022).

This acquisition of PXH is set to boost BMG's growth and earnings potential.

BM Greentech has signed a term sheet with the shareholders of solar firm Plus Xnergy Holding Sdn Bhd (PXH) to acquire the company for RM110 million, to be paid with new shares in BMG.

The vendors of PXH group have provided an accumulated profit guarantee of not less than RM44.0 million during and for the entire period of four years.

The purchase consideration will be paid through issuance of 81.48 million new shares in BMG at RM1.35 per share.

BMG plans to issue new BMG shares at RM1.35 a piece to its direct holding company, QL Green Resources Sdn Bhd, a subsidiary of QL Resources Bhd with the aim to maintain QL's shareholdings in BMG above 50 per cent of the equity interest in BMG.

"The term sheet demonstrates BMG's long-term commitment to its vision to be the regional partner of choice for innovative and cost-effective green energy and water solutions which achieve lasting sustainability. "As the regional leader in biomass energy solutions provider and an emerging rooftop solar photovoltaic company, the proposed acquisition will strengthen BMG's position as the leader in diversified clean energy solutions provider in the region," the company said.

The board also expects that the proposed acquisition will foster a synergistic partnership between BMG and Plus Xnergy and is envisaged to drive mutual growth of both groups of companies moving forward.

BMG will also inject additional equity funding of up to RM50 million to fund the PXH Group's business growth and expansion.

BM Greentech.

Proposes one-for-four bonus issue of warrants. BM Greentech has proposed to undertake a bonus issue of up to 172m warrants on the basis of one warrant for every four existing BMG shares held by entitled shareholders. The company will undertake the exercise once it completes the proposed acquisition of the entire stake, or 66.6m shares, in solar firm Plus XNergy Holding SB (PXH) as well as a special issuance to QL Resources, which holds a 52.57% stake in BGM. (The Edge)

Powerful Prospects.- Powerwell

i) Expand product portfolio and enhance market share by targeting segments such DATA CENTRES, semiconductor factories, renewable energy, electric vehicle charging and utility projects

(ii) With a proven track record in renewable energy infrastructure, the group has secured an order to supply substation equipment for a solar power plant project located in Bangladesh

(iii) For rail infrastructure projects, the group has secured some Rapid Transit System (RTS) Link contracts with anticipated completion by 4Q2024,

When rr88 says Shit , it will turn to GOLD. rr88 is a known TROLL.

NIISE (RM1.bil)and the Johor Public Transport System (ART) -(RM8 billion) 2 massive projects - will propel THETA towards 4.88

Natsuko & Eagle - still can enter. TP 4.88.- Theta will fly like an EAGLE to Japan.

Apologies Ron 90- Rosetta Partners are not shareholders.

Top 4 Shareholders control 60% of Theta

As at 10.04.24..LTH 27.28%
Zainal Abidin [Threadstone} 13.562%
Mohd Faroz/Siblings 11.082%
As at 12 07.24 Redtone [BG/YM Johor Sultan /YDPA] 8.4%

The arrival of Redtone, definitely will contribute to positive growth and momentum to Theta Edge. With Redtone’s single largest shareholder is our current YDPA (based on annual report) and of course Tan Sri Vincent Tan, this gonna be exciting and a good sign for Theta to win NIISE and the Johor Public Transport System (ART). Wow!

Redtone-@Vincent Tan still collecting.

Theta Edge CEO- Journey towards a RM2 bil Market Cap.... begins.

Theta Edge CEO- Journey towards a RM2 bil Market Cap.

Theta Edge is upbeat about exploring new growth as it embarks on a three-year transformation journey. In res­ponse to queries from The Edge, its CEO Datuk Nuraslina Zainal Abidin says the coming two years represent a criticial period for the group’s growth trajectory.
“Our focus on strategic positioning, consortium establishment, capability building and monetisation of core products will drive our journey towards a market capitalisation of RM2 billion,” says Nuraslina.

Theta Edge recently emerged as a company that is jointly proposing an autonomous rapid transit (ART) system in Johor Bahru (JB) with SIPP Rail Sdn Bhd, Mobilus Sdn Bhd and Lion Pacific. This comes after a consortium proposed a Light Rail Transit (LRT) system for the state’s capital city.

UUE Holdings gets RM27m underground cable contracts

theedgemalaysia.com

15 Jul 2024

KUALA LUMPUR (July 15): UUE Holdings Bhd (KL:UUE), an underground utilities engineering company, said on Monday it has secured two contracts worth RM26.93 million.

Both contracts involve installation, testing and commissioning of 11-kilovolt underground cables and accessories, UUE said in an exchange filing. UUE will have 730 days from the starting date to be informed later with an option to extend the contract period for another 365 days, the company noted.
“The contracts are expected to contribute positively to the earnings and net assets per share of the company over the duration of the contracts, upon commencement of the contracts,” UUE said.

https://www.freemalaysiatoday.com/category/nation/2024/07/04/govts-multi-lane-free-flow-plan-b-for-private-highways-questioned/

RedTone may be eyeing > 20% of Theta.- to make it an Associate company-hence more control over their investments in Theta.
----------------------------------------------------

REDtone now fourth-largest shareholder in Theta Edge after raising stake from 5.43% to 7.12%

REDtone Digital Bhd has acquired a total of 8.4 million shares, representing a 7.12% stake in Theta Edge, from the open market.

This makes REDtone the fourth-largest shareholder in Theta Edge, after Lembaga Tabung Haji which holds a 27.28% stake, Threadstone Capital Sdn Bhd (13.56% stake) and Inter Pacific (9.4%).

Last months article. Just A refresher.

DNeX and Theta Edge in two-horse race for NIISe project

By Jose Barrock / The Edge Malaysia

https://theedgemalaysia.com/node/713107

in addition Theta is in the running for this JB project.

7 Billion JB ART project proposed by THETA to be awarded by Min. of Transport soon.

@ Paulthesotong -Theta is the Eight letter of Greek alphabet...a good start.

NIce closing 1.88

Next hurdle. 2.88 - till 4.88

A multi bagger stock.

Just be patient folks.

Yup, have to factor in listing expenses, Bro.
Greenbull88
107 posts

Posted by Greenbull88 > 2 days ago | Report Abuse


Please read the quarter report carefully, QR +1.2m due to one off -5 mil for the listing expenses, if not the QR will be +6.2m

UUE has superior margins than peers.

Excluding listing expenses, UUE’s recent PAT margins are trending around 15-16%, which is far superior to listed peers such as MN Holdings (6-7%) and Jati Tinggi Group (3-4%).

This is mainly due to two key differentiating factors, which are:

1) UUE mainly specialises and focuses on the trenchless HDD method, which offers better margins.

2) The group has its own HDPE pipe manufacturing, which complements its main business.

JPMorgan is bullish on this Southeast Asian country-Malaysia, cites opportunities in data centers

KEY POINTS

1-JPMorgan named data centers, electric vehicles and solar among the sectors that investors are putting their money in.

2-“Policy reforms, data center investment and infrastructure build-out have become key tailwinds for Malaysia, in-line with our 2024 outlook, but are progressing at a much stronger-than-anticipated pace,” JPMorgan analysts said in a July 1 note.

3-The investment bank upgraded Malaysia to “neutral” from “underweight” last week.

JPMorgan is bullish on this Southeast Asian country-Malaysia, cites opportunities in data centers

KEY POINTS

1-JPMorgan named data centers, electric vehicles and solar among the sectors that investors are putting their money in.

2-“Policy reforms, data center investment and infrastructure build-out have become key tailwinds for Malaysia, in-line with our 2024 outlook, but are progressing at a much stronger-than-anticipated pace,” JPMorgan analysts said in a July 1 note.

3-The investment bank upgraded Malaysia to “neutral” from “underweight” last week.

There will definitely be synergy between Theta and Redtone- to bid for bigger telecommunication projects that may arise.

Hi diamond- Substantial not major shareholder.

Hmmmm interesting development.

REDtone had on 10 July 2024 become a substantial shareholder of Theta Edge Berhad (“Theta”) following the acquisition of an aggregate of 6,400,000 ordinary shares representing about 5.43% equity interest in Theta

This effectively makes our DYMM YDPA Sultan Ibrahim an indirect shareholder of Theta Edge with Redtone as a substantial shareholder of Theta.

Major shareholders of RedTone.

BERJAYA CORPORATION ...........40.29%..........315,277,692
Sultan Ibrahim Johor (DYMM).... 17.13 %..........134,000,000

THETA stands a very good chance to bag the RM1bil NIISE project.

https://theedgemalaysia.com/node/718390

Theta Edge is also understood to have been shortlisted for the National Immigration Information
System or NIISe project, alongside Dagang Nexchange Bhd (DNeX) (KL:DNEX), The Edge Malaysia weekly reported on May 27-June 2, 2024 edition.

The NIISe project involves the integration of data from 13 modules of the existing border control system, including the foreign workers segment, advanced passenger screening system, facial and fingerprint biometrics, professional visit passes, passports and travel documents.

The company's largest shareholder is Lembaga Tabung Haji with a 27.28% stake, followed by Threadstone Capital Sdn Bhd with 13.56%. Threadstone Capital is owned by Zainal Abidin Jalil, a former substantial shareholder of DNeX.

Read also:
Theta Edge secures RM673.8m contract to develop IoT for smart businesses in Ampang Jaya
DNeX and Theta Edge in two-horse race for NIISe project

Investment Merits- Powerwell

1-Strong business relationship with Siemens and Schneider. Besides manufacturing its own brand “Powerwell”, it does third-party brand manufacturing for Siemens (LV switchboards and MV switch gears), a leading supplier of systems for power generation and transmission, and Schneider Malaysia (LV switchboards), the Malaysian arm to Germany conglomerate Schneider Electric that specializes in electrical equipment.

2-Decent orderbook for 1-2 years. YTD, their orderbook is c.RM70m, with a tenderbook of more than c.RM280m. Also, according to the management approximately 80% is data center, 10-15% is manufacturing while the rest is from infrastructure projects.

3-Healthy balance sheet. As at 3Q24, Powerwell’s net cash stood at RM63.8m, translating to net cash per share of 11.0 sen (c.27% of share price).
Dividends. Since listing in year 2020, Powerwell has started paying dividends in FY24 (twice). Also, we noticed the latest dividend is 2nd interim, which mean there will be a final dividend to be declared down the road that may translate to a dividend yield of more than 5% and decently attractive for long term investors.

4-Eligibility for Main Market transfer. Based on the current earnings trends, we believe Powerwell’s will be surpassing the threshold for the transfer to main market listing requirement and this is likely to be the next catalyst moving forward.

5-One-stop solutions. Powerwell intends to provide high-voltage products, besides the low and mid voltage products to provide a one-stop solutions service for contractors.

UUE venturing into lucrative subsea HDD.

The extension of services into subsea HDD following the planned acquisition of a Maxi rig HDD machine (MYR7m) enables the group to offer more comprehensive service packages. Such diversification should enable UUE to win higher-value projects (with better margins amidst higher specialisation) and attract a broader range of clients, such as those in the water and O&G industries.

UUE venturing into lhigh margin subsea HDD.

The extension of services into subsea HDD following the planned acquisition of a Maxi rig HDD machine (MYR7m) enables the group to offer more comprehensive service packages. Such diversification should enable UUE to win higher-value projects (with better margins amidst higher specialisation) and attract a broader range of clients, such as those in the water and O&G industries.

Theta Edge appoints new chairman

Theta Edge also announced the appointment of former secretary general in the Ministry of International Trade and Industry Tan Sri Abd Rahman Mamat as its new chairman of the board, taking over from Tengku Datuk Seri Hasmuddin Tengku Othman, who has held the position since Nov 29, 2021.
Abd Rahman also sits on the board of MBSB Bhd (KL:MBSB), Lotte Chemical Titan Holding Bhd (KL:LCTITAN), MCE Holdings Bhd (KL:MCEHLDG), and ECA Integrated Solution Bhd (KL:ECA).
Besides Abd Rahman, Theta Edge also appointed Datuk Dyg Sadiah Abg Bohan as a non-independent non-executive director of the board.
"These appointments are part of the efforts to drive the group's business in response to changing economic conditions with fresh new ideas," the company said in a statement.
"Theta firmly believes that this decision marks a significant milestone in Malaysia's digital journey and will provide the necessary focus, drive, expertise and support to help accelerate the nation's digital transformation," it added.

Theta Edge unit wins RM673.8mil IoT contract
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CORPORATE NEWS
Tuesday, 09 Jul 2024 7:18 PM MYT

KUALA LUMPUR: Theta Edge Bhd's wholly-owned subsidiary, Theta Telecoms Sdn Bhd, has secured a RM673.8 million contract for developing, providing and maintaining Internet of Things (IoT) technology for smart business initiatives in Ampang Jaya.

In a filing to Bursa Malaysia, the information communication and technology service provider announced that the contract, awarded by the Ampang Jaya Municipal Council, will run for 240 months, from July 15, 2024 to July 14, 2044.

It said Theta Telecoms accepted the offer letter by executing the letter of acceptance today.

Theta Edge said the contract will enhance the company’s position in digital telecommunication engineering services, specialised communication networks and the smart city industry.

"It is expected to positively impact the company's earnings per share and net assets per share for the financial year ending Dec 31, 2024 and beyond until project completion," it added. - Bernama

Power & Utilities Sector - Growing Demand from Data Centre and Energy Transition

sectoranalyst

Publish date: Tue, 02 Jul 2024, 12:07 PM

This site uses Google AdSense ad intent links. AdSense automatically generates these links and they may help creators earn money.
1H2024 Recap
KL Utilities Index (KLUTL) has massively outperformed the FTSE Bursa Malaysia KLCI Index (FBMKLCI) in 1H2024 (Figure 1) as it was up 34.9% compared with the latter’s 9.3%. The outperformance was mainly due to earnings improvement from stabilisation of coal prices and expectations of better outlook from energy transition and demand for data centres.

Stocks under our coverage generally performed well in 1H2024 (Figure 2). YTLPOWR, RANHILL and TENAGA surged 89.8%, 56.7% and 37.3% respectively since the start of 2024 on the back of improvement in earnings and growth prospects. MALAKOF surged 20.5% as it returned to the black from easing of negative fuel margins. Note that TENAGA and MALAKOF are our stock picks in our 2024 annual strategy. PETGAS (+2.4% YTD) largely tracked the performance of the index. Meanwhile, PETDAG (-20.1% YTD) underperformed due to expected volume decline from subsidy rationalisation.

POWERFUL Growth stock -A significant beneficiary of Data Centre Boom Malaysia

Powerwell has bagged two purchase orders worth a total of RM57.61 million from a “renowned multinational technology corporation” specialising in data centres.

In a bourse filing on Monday, Powerwell said its wholly owned subsidiary Powerwell International Sdn Bhd has received the orders for the supply, installation and commissioning of low-voltage switchboards and remote power panels for a data centre in Selangor.

Powerwell’s executive director Catherine Wong said investments by global tech giants have created a ripple effect of opportunities for local suppliers and service providers within the technology sector in Malaysia.

“Powerwell is strategically positioned to contribute significantly to this growth, leveraging cutting-edge technology and comprehensive expertise in electrical solutions for data centres,” she said in a statement.

Newly Listed UUE Holdings on Active Lookout for Electricity Projects in Singapore

Author: edgeinvest

Engineering firm UUE Holdings Bhd (KL:UUE), which surged 175% in its trading debut on Tuesday, has set its sights to actively pursue tenders for electricity projects in Singapore, said its independent non-executive chairman Lee Chye Tee.

The profit margin derived from projects in Singapore must be fantastic.

UUE's reputation must be good- as they have established a strong foothold in Singapore.

Bro. Maybank's call warrant -MALAKOFC52 will be expiring on 30th August 24. They have to "press " it as its not to their benefit if Malakof keep on surging. This is what I call manipulation.

@meisrael @ Fuad5757- it is just my gut feel that THETA will be the main con and HTpadu as sub con as HTpadu has the experience in handling NIISE. Stange that the Govt decided to exclude Htpadu from the race. Perhaps it's politics. Whatever it is let's hope for the best for both counters. Tabung Haji 's large stake in THETA , I feel will be favoured by the Govt. for the RM1 bill project.

A JV is another possibility- @ Fuad.

Just my 2 cents ya. Apologies if I have offended you. Shalom .