Potential of Malaysia’s sustainable future

The Southeast Asia energy sectors contain a rich variety of renewable sources, with an ambitious target in the race to zero emissions. Thanks to the National Energy Transition Roadmap launched by the Ministry of Economy of Malaysia, Malaysia is accelerating its energy transition to a green economy.

There is also a new incentive for energy producers - Malaysia's Renewable Energy (RE) Feed-in Tariff (FIT). Currently, the REFIT program includes eligible resources such as biomass, biogas, mini-hydropower, and solar energy. Following the footsteps of successful policies worldwide, the Malaysian tariff system distinguishes between different technologies and sets tariffs based on generation costs.

Energy technologies have evolved becoming more advanced and accessible. Once you make the switch, you’ll be able to boost your company’s energy efficiency, optimise business operations and save costs in the long run. Making economically wise investments is part of running and expanding your business, so think of the bigger picture.

As part of the process, Malaysia is expected to expand renewable capacity from 6 to 14GW. In Sarawak, the government has adopted the most ambitious climate initiatives among the Malaysian states and has announced targets to achieve over 70 percent RE use by 2030.

Be patient we just step in 2024 and new YDP Agong just enthroned 😎🤞

Under the Malaysia Renewable Energy Roadmap (MyRER), the government has set an ambitious target of renewable energy providing 31 percent (13 gigawatts) of the nation's energy needs by 2025 and 40 percent (18 gigawatts) by 2035.

That’s why nowadays many companies are interested to venture into renewable energy segments because of its high potential in this era of time. I don’t think Reneuco so dumb as a pioneer/specialist/expert dealing with RE lets their business gone down or closed down yet can make multimillion/multibillion of profit 😎🤞

JustForFun123
@Eagle77 y r u still so confident on this stock AR also got delayed
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JustForFun123…

in my opinion and perspective on this matter is a normal thing that could happen to any other company and yet they already explained internal audit done ✅ just giving a little bit of time for external auditor to complete their job that’s all…no bad news about the company so far so why have to worry about nothing 👌😎….why panicking selling??? Listening to rumours/false information/false accusations etc negative news from the naysayers? Oh no‼️ Be rasional and do your own research and study on this company and the future prospects 👌

Securing plenty of projects ECRL, technology development projects etc and more good news especially in renewable energy projects coming soon 😎🤞

Sort Term Target Price : 1.00 - 2.00
Long Term Target Price: similar to YTLPOWER 😎💪⬆️✅

Now Reneuco has no more competitors in renewable energy business after the closed down of Serba Dinamik 💥🔫😎
Reneuco will emerge as one of the best RE players in this region and world to continue contributing in green energy to the global economy 😎⬆️✅💪💪💪🤞

Whilst Reneuco is focusing on the Malaysian market, the Company also aims to expand its regional footprints into ASEAN, South Asia, Central Asia, the Middle East, and Europe. The Company also plans to widen its renewable energy product offerings from mainly hydropower and solar to include wind and biomass. Leveraging these strategies, the Company is confident to achieve its aspiration to emerge as a leading regional player in sustainable energy and utilities.

August 2023, Malaysia revised its target of renewable energy installed capacity from 40% by 2040 to 70% by 2050. It aims to achieve this target predominantly by increasing the number of solar panel installations.

Malaysia lifts renewable energy export ban, move welcomed in Singapore. The Malaysian government also doubled its targeted renewable energy capacity by 2050 and announced that it will allow for the development of self-contained renewable energy systems.

If u don’t know Karim don’t mention about Serba Dinamik ok 👌…here not related to Serba Dinamik at all ok 👌😎💥🔫

Naysayers wanted to buy cheap tickets they always shouting and mentioning like Serbadk🤣 eventually no connection at all after 2021 Datuk Karim was resigned from Kpower…keep on spreading the old unrelated news to scare/confuse people 💥🔫😎🤣

# No connection with Karim and Serbadk at all 😎 New management team 🤞

The specialist of renewable energy is Reneuco so Sarawak will appoint the expert such as Reneuco to accelerate the green energy transformation and development 😎🤞

future
This is the actual plan for Sarawak, need vehicle to progress it, maybe Reneuco?

YuHainTeck
@CoffeeMilo".... "Conman counter..run..."

You also noticed it. You are a smart guy.
2 hours ago

Eagle77
According to CoffeeMilo all counters related to Serbadk are conman company this included Minetech (ex- Exec Chairman Co founder of Serbadk)
1 hour ago


Eagle77
So next will be Minetech in action to plunge??? Ask CoffeeMilo ok..
1 hour ago

KUALA LUMPUR: 14 Dec 2021…Datuk Dr Mohd Abdul Karim Abdullah has resigned from KPower Bhd as its non-independent non-executive chairman effective immediately.

KPower, in a statement today, deputy chairman Mustakim Mat Nun would assume the chairman's position temporarily.
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Now Datuk Mustakim is the Executive Chairman of Reneuco.

# No connection with Karim and Serbadk at all 😎 New management team 🤞

So next will be Minetech in action to plunge??? Ask CoffeeMilo ok..

According to CoffeeMilo all counters related to Serbadk are conman company this included Minetech (ex- Exec Chairman Co founder of Serbadk)

We all are shareholders of Reneuco we have the right to know the truth about what happened to the company…we invested with trust in this company and please be responsible to the shareholders as stipulated in this company’s vision, mission etc..

Exec Chairman, MD/CEO of Reneuco…

Please do respond and comment on the above statement by CoffeeMilo…true or not???

If u all are men and transparent answer our questions…make statement why keep silent???

Kpower doesn’t exist anymore..

I bought Reneuco not Kpower ok..

Exec Chairman, MD/CEO of Reneuco…

Please do respond and comment on the above statement by CoffeeMilo…true or not???

CoffeeMilo
Agnes no relation with serba dinamik, maybe can survive. Kpower ~~
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Repost accusing all related to Serbadk will be falling in PN17 according to CoffeeMilo..

According to CoffeeMilo next PN17 will be SCIB and Minetech because related to Serbadk…

CoffeeMilo
Wah so many conman counter
4 minutes ago

So isn’t SCIB, Minetech also going to PN17 ??? CoffeeMilo don’t mixed up coffee and milo later u got poisoned 🤮

SCIB, Minetec also related with Serbadk all the Co-founder from there…

Let us see what Datuk Mustakim doing for all shareholders…

Datuk Mustakim???

Reneuco Berhad (“Reneuco” or the “Company”) is mainly involved in sustainable energy and utilities activities.

Reneuco was incorporated on 3 February 1997 and listed on the Second Board of Bursa Malaysia Securities Berhad on 22 March 2002. Reneuco was subsequently transferred to the Main Market of Bursa Securities in 2009. Reneuco was included in the FTSE Bursa Malaysia EMAS (FBM EMAS) Index in July 2021.

Reneuco’s sustainable energy and utilities segment involves construction-related activities and specialized engineering services that are spread over various projects locally and abroad. The construction-related activities segment undertaken by the Company consists of engineering, procurement, construction, and commissioning of sustainable energy and utilities projects.

Under construction-related activities, Reneuco has now embarked on asset ownership of solar and small hydropower projects. Reneuco has won a bid for a 50 MW solar power plant under LSS4@MEnTARI in Pekan, Pahang. Reneuco is also a successful bidder under the feed-in tariff (“FiT”) e-bidding exercise conducted by SEDA for the development of small hydropower plants with a total capacity of 40.4 MW in Gua Musang, Kelantan.

Whilst Reneuco is focusing on the Malaysian market, the Company also aims to expand its regional footprints into ASEAN, South Asia, Central Asia, the Middle East, and Europe. The Company also plans to widen its renewable energy product offerings from mainly hydropower and solar to include wind and biomass. Leveraging these strategies, the Company is confident to achieve its aspiration to emerge as a leading regional player in sustainable energy and utilities.

The Company is also involved in property, logistics healthcare, and technologies segments.

Lowest price: 0.035

Panic sellers are giving operators an opportunity to press down the price and they can buy cheaper shares…

Today more to panicked selling …

Before this the lowest price was 15.5 cents..

Today is the new historical price 8.5 cents

Good day SCIB ⬆️✅😎👍

Hoping the management team doing their job to speed up the report before deadline 🙄

So many people bought at 0.20-0.24 whether they cut loss or average down or keep it until rebound..

Market is crazy all these days ⬇️⬇️⬇️🩸🩸🩸

So what will happen on Friday??? Continue down ⬇️🩸?

Tomorrow market closed for PH so trading resumes on Friday guys ..

Nowadays anything can happen ‼️plunged like no tomorrow ⬇️⬇️⬇️🩸🩸🩸

Oh no‼️‼️🩸🩸🩸🩸

🩸🩸🩸⬇️⬇️⬇️

0.05 coming ⬇️🩸🩸🩸

I remembered already screenshot the message accusation of scammers already sent with my police report for further investigation…sooner or later this guy will be arrested 😎🔫

Look like the price is going down in the afternoon ⬇️🩸

Quarterly financials
(MYR) Sep 2023 Y/Y
Revenue 4.57M. ⬇️78.53%
Net income -125.05M ⬇️5970.94%
Diluted EPS -0.22 0%
Net profit margin -2,738.74% >9999.99%

The price will be unstable and might go down below 10 - 5 cents

I remembered last time SCIB can’t produce annual report then the share dropped from 4.00 to 0.11 cents only…scary ⬇️⬇️⬇️🩸🩸🩸