Hiap Teck to spend RM53.2 mil under steel-making JV’s cash call
https://theedgemalaysia.com/node/692947

Gold soars past $2,100 to new record — and analysts don’t expect it to stop there
https://www.cnbc.com/2023/12/04/gold-prices-set-for-new-highs-amid-economic-geopolitical-uncertainty.html

MyEG gets JPJ nod to start driving test system on actual candidates
https://theedgemalaysia.com/node/692051

MN Holdings posts best quarterly performance since listing
https://www.thestar.com.my/business/business-news/2023/11/29/mn-holdings-posts-best-quarterly-performance-since-listing

One Stop Engineering Solution Provider
https://www.youtube.com/watch?v=M8x4ZP5QACk

Malaysia’s Leading Total Packaging and Display Solutions Provider
https://www.youtube.com/watch?v=EArBRzQxm_4

Systech eyes more M&As
https://www.thestar.com.my/business/business-news/2023/11/27/systech-eyes-more-mas

QoQ profits excluding one-off listing expenses in respect of IPO amounting to RM1.671 million should be 4.651m against previous Q of 3.452m, an increased of 1.199m or 34.7 % .

Comments on Prospects - Q3 Sep 23 Report dd 23112023

The Group continues to enjoy a healthy orderbook replenishment rate across the Ultra High Purity, Process Engineering, and General Contracting Segments. During the 9-month ended 30 September 2023, the Group has secured new contracts amounting to RM858 million in 2023. Including the projects carried forward from the previous years, our total orderbook stood at RM2.56 billion of which RM1.51 billion remains outstanding.

Prospects in the Industrial Gases division remain positive as demand for liquid carbon dioxide (LCO2) increases in tandem with the recovery in economic activities. We are also experiencing growing export demand for LCO2 from Oceania countries. To cater this increased demand, our second LCO2 plant in Kerteh will more than double the production capacity, further enhancing the industrial gas division's financial performance starting from 4Q2023.

Additionally, the commencement of our second on-site gas supply scheme in 1Q2024, to supply hydrogen, nitrogen, and oxygen for an optoelectronics semiconductor giant in Kulim, Kedah, will also contribute positively to the Group's earnings visibility over the next ten years.

Barring unforeseen circumstances, we are confident of delivering a commendable financial performance in FY2023 as we execute our existing orderbook across our key operating markets.

https://www.businesstoday.com.my/2022/04/26/kelington-could-generate-rm180-million-from-gas-supply-deal-for-semicon-plant-in-kedah/

KGB’s 9MFY23 results beat expectations on margin expansion
stemming from account finalisation of a turnkey job and
accelerated billings from high-margin ultra-high purity gas system
projects. We raise our FY23-24F net profit forecasts by 45% and
53%, respectively, lift our TP by 53% to RM3.28 (from RM2.15) and
reiterate our OUTPERFORM call - Kenanga Research 24112023.

Kelington Group's 3Q profit doubles to RM31.7m amid high demand for industrial gases
https://theedgemalaysia.com/node/691134

Number Of Tourists To Penang Increased By 138.37%
https://www.businesstoday.com.my/2023/11/22/t7-global-posts-a-125-4-surge-in-patami-on-revenue-from-new-mopu-unit/

As gold prices rise, Malaysians turn to pawn shops for fast cash to cope with diminishing savings
https://www.malaymail.com/news/malaysia/2023/11/22/as-gold-prices-rise-malaysians-turn-to-pawn-shops-for-fast-cash-to-cope-with-diminishing-savings/103291

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