https://9shares.my/scib

https://www.klsescreener.com/v2/news/view/802143

https://www.thestar.com.my/business/business-news/2021/03/09/serba-dinamik-secures-rm4088m-contracts-in-india-and-indonesia

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theedgemarkets.com

June 01, 2020 12:38 pm +08

JAG to double maximum carbonation treatment capacity by June 2020
-A+A
KUALA LUMPUR (June 1): Total waste management outfit JAG Bhd posted a net profit of RM1.54 million for the first quarter ended March 31, 2020 (1QFY20) versus a net loss of RM6.19 million a year earlier, on higher revenue recorded by the manufacturing division and the sales of high purity precious metals.

Revenue for the quarter rose 46.3% to RM37.39 million from RM25.55 million previously. Earnings per share was 0.08 sen versus loss per share 0.41 sen earlier.

In a statement, JAG executive director Datuk Ng Meow Giak said while it has been leveraging strong commodity prices, the group has also continued its efforts to optimse efficiency of its production process.

“To this end, we have invested RM3.6 million in capital expenditure, which is expected to double our maximum carbonation treatment capacity when it is fully operational in June 2020.

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“With this, we foresee an increase in capacity, which will drive up revenue for our e-waste management division,” said Ng.

Ng said JAG kicked off the 2020 financial year on a positive note, with a marked improvement in its financial results.

“This was despite the implementation of the movement control order (MCO) on March 18 which halted our operations at the tail-end of the quarter under review."

Ng said the group has formed a crisis task-force responsible for monitoring and implementing strict safety work procedures that fully complies with the regulations set by the National Security Council (NSC) as it allows the group to operate safely and be prepared for similar situations in future.

He said JAG also remains cautiously optimistic of its outlook for the year as the Malaysian government has identified the electrical and electronics (E&E) industry as an essential sector during the MCO, reaffirming its importance to the economic eco-system.

“On the whole, the outlook for the (E&E) industry in Malaysia is encouraging on the back of the acceleration in technology.

“In fact, we believe the E&E industry, which we are dependent on for raw materials, will play a critical role in terms of structural reforms to reduce vulnerabilities in the country due to the immense opportunities in areas such as remote working, virtual learning and e-commerce.

“Although the year will be challenging, we believe we will be able to turn in a positive year, as the supply from current contracts are still being honoured by suppliers,” said Ng.

He added that JAG has a sufficient cash level of RM46 million as of March 31, which can be realised gradually to improve cash position.

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FINTEC GLOVE SDN BHD commissions AE Multi Industries Sdn Bhd and Ripcol Engineering Sdn
Bhd to construct 14 glove dipping lines to produce 3.3 billion pieces of medical gloves per annum,
with a Project Gross Development Value (GDV) of MYR 160 million.
Petaling Jaya, 2nd December 2020 – Fintec Glove Sdn Bhd, a wholly-owned subsidiary of Fintec Global
Berhad, (“Fintec”) a Malaysia incorporated company listed on the ACE Market of Bursa Malaysia
Securities Berhad, collaborates with AE Multi Industries Sdn Bhd and its partner Ripcol Engineering Sdn
Bhd for the design, procurement, construction of its glove manufacturing venture with projected GDV at
MYR 160 million.
Since Fintec’s Extraordinary General Meeting held on 26th 0ctober 2020, Fintec Glove Sdn Bhd (“Fintec
Glove”) has successfully acquired land in Chemor, Perak and is now engaging with engineering firm AE
Multi Industries Sdn Bhd and Ripcol Engineering Sdn. Bhd to begin the construction of its 14 glove
double former dipping lines production facility.
The manufacturing site is strategically located on a 4.6-acre land in the heart of Chemor’s industrial site
right next to AT Systemization Berhad’s (“AT”). During April 2020, Fintec took a 13.8% stake in AT, a
manufacturer and fabricator of industrial automation systems, engineering parts as well as the provision
of industrial support services. Beginning November 2020, AT became a manufacturer of medical gloves
with an annual production capacity of 1.872 billion pieces of medical gloves. Through establishing a
strategic partnership with AT, the synergies provided from the combined manufacturing plant will
enable Fintec Glove to unlock shareholder value through the following channels:
1.) expedited construction process by 1 year as AE Multi Industries Sdn Bhd collaborating with
Ripcol Engineering Sdn. Bhd is able to accelerate the building process through their connections
and expertise.
2.) shorten Fintec’s production lead time as AT and Ripcol Engineering Sdn. Bhd is able to respond
to the needs of Fintec Glove factory in a timely manner.
3.) cost savings of MYR 10 million over 8 years due to Fintec Glove’s close proximity to AT
manufacturing site that will enable both parties to share resources and improve efficiencies.

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In addition, RM475mil was allocated for the purchase of Covid-19 test kits, reagents and consumables and this could potentially benefit Hong Seng Consolidated Bhd, ACO Group Bhd and Nexgram Holdings Bhd.
Good news

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Mr otb and dk66, you'll never walk alone

Thank you Mr ooi.... Appreciated it

Monday.....the JAKS day

ini kalilah

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https://www.thestar.com.my/business/business-news/2019/11/08/myeg-039buy039-hartalega-039sell039-ytl-power-039outperform039-jhm-039buy039#LarcfWvrsuYeuXEp.99

Aseng sifu, what is your estimation for krono upcoming qr?