Whats up. Good Volumn and good price increase. Fight for control?

GLOBETRONICS TECHNOLOGY BHD
Registration No. 199601037932 (410285-W)
INTERIM REPORT FOR THE FINANCIAL QUARTER ENDED 30 September 2024
Condensed Consolidated Statement of Financial Position
The figures have not been audited
Note As at As at
30/9/2024 31/12/2023
RM'000 RM’000
Assets
Property, plant and equipment 21 67,813 72,592
Investment properties 13,177 13,473
Investment in an associate 5,605 5,259
Other investments 6,412 6,733
Deferred tax assets 836 836
Prepayments 842 186
Total non-current assets 94,685 99,079

Inventories 7,327 6,223
Current tax assets 177 99
Trade receivables 23 18,494 19,490
Other receivables, deposits and
prepayments 65,005 1,042
Cash and cash equivalents 139,842 210,110
Total current assets 230,845 236,964

Total assets 325,530 336,043

If 60m was siphon off, why the accounts on 30 Sept 2024 still show a cash of 139,842,000

Despite the uptick in revenue, the Group faced a loss before tax of RM4.1 million for the current quarter ended 30 September 2024, as opposed to a profit before tax of RM6.5 million in the immediate preceding quarter ended 30 June 2024. This was largely due to a foreign exchange loss of RM8.1 million recorded in the current quarter, compared to a marginal gain of RM0.1 million in the immediate preceding quarter ended 30 June 2024. The foreign exchange challenges have impacted profitability, highlighting the continued headwinds faced by the industry.

Forex loss of 8.1m. If not got profit

Now new biggest shareholder is the new Director

Very high buy rate past few days. No throwing to buyer at all

Soon there will be a fight for control of company. Remember alot of CASH is coming

Wah. Mahathir's recommendation fot the PN state Govt's core investment. Later all PN sates use Awantech for digitisation of state govt

Biggest shareholder is Kenanga Growth Fund and 2nd is Koon of Press metal

That Liaw Guy got very little shares, Artoniq guy. Kena Forcesell kaw kaw

Govt ordered to pay RM231.55m in damages to Awantec over termination of RM3.5b SKIN project

Mkt Cap is only 273M. Why cannot buy.
Compensation alone is 250M and appealing for more. What about current business

8 years interest free loan

Toll start Dec 2023.
The government has also helped Ekovest with a RM560 million interest-free advance to cover the first eight years of interest payments during the highway gestation period, in exchange for no toll hikes during a period of the concession.

Duke 3, which is wholly owned by Ekovest, is the concessionaire for the 32km Setiawangsa-Pantai Expressway that connects the Middle Ring Road 2 at Wangsa Maju to Kerinchi Link adjoining the Federal Highway.
Back in January 2016, the company struck a 53.5-year concession agreement with the government, with the right to extend by 6.5 years if the highway does not achieve the projected internal rate of return.
The government has also helped Ekovest with a RM560 million interest-free advance to cover the first eight years of interest payments during the highway gestation period, in exchange for no toll hikes during a period of the concession.

Some other measures could include a potential asset monetisation and the potential entrance of a new equity partner.
Duke 3 only started tolling on Dec 3, 2023, which was three years later than the original forecast date due to considerable delays in project completion following changes in alignment and pandemic-induced restrictions. The company expects some compensation payout from the government arising from the delays.
Nevertheless, MARC thinks the sukuk restructuring may be viable in view of Duke 3’s long concession period until Aug 5, 2069.

There was a delay due to Covid. There is a clause for compensation by Govt

Time for Supermax. Now nearly 50% discount to Top Glove. Trump will win in Nov. Up tariff on China Gloves again

I see value in Ekovest as a TOL operator. Lets compate renue from TOL operations between Ekovest and WCEH based on lasted Results:
Ekovest Revenue from TOL for 3rdQFY2024 is RM124.87million
WCEH. Revenue from TOL for Full Year 2024 is only RM60.4 million
Mkt Cap For Ekovest is 1.33B and WCEH is 2.55B
Does not even take into account Ekovest other Business Divisions like Property, Plantations and Construction.
How many TOL operators left in Bursa. If price don't go up, just wait till the TOL operations are listed

22-Feb-2024 31-Dec-2023 12,154 871 666 781 5.48% 0.44% 0.10 0.00 0.2259 93.32% 126.85%
23-Nov-2023 30-Sep-2023 16,471 501 401 404 2.43% 0.23% 0.05 0.00 0.225 818.18% 128.88%
31-03-2024 01-01-2024 55.77

2nd highest volumn but nobody gives to Buyer at 5 cents for the last 10 min of trading session. Time to go

8.03A ​​Level of operations
(5) ​An affected listed issuer need not comply with the requirements set out in subparagraph (3) above provided that -
​ ​
​ ​(a) ​the affected listed issuer is able to demonstrate to the satisfaction of the Exchange that its remaining business is viable, sustainable and has growth prospects, supported with appropriate justifications; and
​ ​ ​
​ ​(b) ​in the view of the Exchange, its level of operations warrant continued trading or listing on the Official List.
​ ​ ​
​(6) ​An affected listed issuer intending to rely on subparagraph (5) above must announce the following to the Exchange:
​ ​
​ ​(a) ​immediately upon the affected listed issuer triggering subparagraphs (2)(a) or (2)(b) above, a statement to that effect and that it has made an application to the Exchange pursuant to subparagraph (5) above; and
​ ​ ​
​ ​(b) ​immediately upon its receipt of the Exchange’s decision on its application, the Exchange’s decision and the conditions imposed (if any).

Realrich. I thank you for been so considerate. I had been trading shares since MUI was RM19.00. Still surviving. No worries.

The fact is the the CEO buy in on the 21st of April and the CFO buy in on the 23rd of April 2024
The CEO got impressive profile. From Imperial colledge London

The upliftment from PN17 goes to the commitee. I guess the commitee needs time to delibrate.

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings During Closed Period


DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings During Closed Period
AWANBIRU TECHNOLOGY BERHAD

Subject Dealings During Closed Period
Date of announcement made for "Intention to Deal During Closed Period" 19 Apr 2024

No Salutation Name Designation Description Of "Others" Designation
ENCIK AZLAN BIN ZAINAL ABIDIN Chief Executive Officer
Type of Transaction Acqu
ired
Description of "Others" Type of Transaction
Date of Transaction 23
Apr
2024
Description of Securities ORDI
NARY
SHAR
ES
No of Securities Transacted 180,
000
% of Securities Transacted 0.02
3
Consideration Mala
ysia
n
Ring
git
(MYR
)
37,8
00.0
00
MR CHOK JOON HENG Chief Operating Officer
Type of Transaction Acqu
ired
Description of "Others" Type of Transaction
Date of Transaction 23
Apr
2024
Description of Securities ORDI
NARY
SHAR
ES
No of Securities Transacted 140,
700
% of Securities Transacted 0.01
8
Consideration Mala
ysia
n
Ring
git
(MYR
)
28,1
40.0
00

Announcement Info
Company Name AWANBIRU TECHNOLOGY BERHAD
Stock Name AWANTEC
Date Announced 23 Apr 2024
Category Dealings in Listed Securities (Chapter 14 of Listing Requirements)
Reference Number DLR-23042024-00046

Look At Bursa Annoucemeny
1. CEO Azlan bought 380K share at $0.21 on 23rd April 2024
2. CFO Chok Joon Heng bought 51k shares at $0.25 on 25th April 2024

Go Go Go. Awan sudah Biru

There are alot of Naysayers - But hoping to buy cheap. If I think a counter is rubish, I just delete from my Watchlist. No need to comment to save others

Fully agree with linheng,.....there is no risk, no gain.....all this and that can be corporate strategies by either directors, operators, regulators , manipulators etc to make money and exciting.. - SPOT ON. Why you think the appeal the RM231m award. No need to let Bursa dictate terms. Alot of connect people waiting to buy. Chances are that suspend - no JALAN to make money. Wait for last min - No suspend and plenty of $ to scoop

I got no fear. Just be prepared to hold 1 year is Bursa really suspend. Hold 1 year for 100% profit. Where to find. Just look at Ageson. Lousy co. Cannot even submit Acc and Director charge in court for falsifying documents. Pre suspension, I buy at 3 cents. After uplift from suspension I sell at 7 cents. More than 100% profit for holding 8 months

Bursa is doing alot of Bullshit stuff. Look at all the rights issue by penny stock company and burning away funds after that. Awantech management is commendable. They are not bowing to Bursa's nonsense. They have proven that their current business is viable. 2 consequtive Q of profit. Why need to change direction. No cash problem

Awantech wants Bursa to uplift from PN17 so that they can access funding from Banks to grow their business.

Now is a test if will between Bursa and Awantec management. Bursa wants Regulalisation plan ie basically a Plan to grow big business. Can be alot of bullshit stuff. Currently hot is ESG, EV or Solar.

Awantech is cash rich and making profit for the last 2 quater. Revenue is abit small ie about 28m. Coming out with a business plan for doing new business is not a 'masak masak' game. You cannot jump into a new business with relevant personel and experience. That is the reason Awantech refuse to submit a regulalisation plan. AwanT wants to grow their current business organically. The are contracted by the Govt to migrate Govt data to Goggle cloud. All this insuniations that Govt is after Awantec is nonsense. Their SKIN wad taken away by Muhidden Y to be given to his son in law. Dsai knows that

..

Don't be confused by "Suspended From Trading" and " Delisted". Even Serba Dynamic with all the false accounts is not delisted yet. Only suspended

Haha. I buy Ageson at 3 cents. Delisy 8 months. Relist at 7 cents. More than 100% for holding 8 months. Ageson is a pariah stock compare to Awantech. Cash Rich Co making money. I can keep for 1 year. No worries.

NOSH is 790m shares. Current NTA without the award of 231M is $0.225. Award of 231m is equivalent to $0.2924.
Total is $0.5174 NTA. Last 2 Quater shows profit. Too undervalued

Haha. Have Faith in the value

Talking about TOL Roads making money. A TOL road seldom make money because in accounting, the asset is depreciated over the accounting peroid. Look at Prolintas accounts. It does not mean that the TOL cossesion is not viable. The Govt always extend the concession peroid and revision of tol rate is always in the agreement

Profit or not, there is value in Ekovest. I just hold and wait. Looking at TOL Roads alone. Prolintas is value at 1.1B; WCEH's market cap is over 3B. Ekovest with 60% of Duke 1 and 2 and 100% of SPE is only 1.3B

Don't worry la.
This company 200% will be double in next few years.
Just buy more when it drop, then dont bother it, sure will double / triple in next few years.
Now market capital only RM1,409mil.
You look at WCE, that small company also have RM3,000mil market cap.
For me, just the DUKE 1,2,3 and SPE, it worth at least RM6,000mil market cap (after diluted the EPF portion)
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Hari ini lah.

Have find its bottom at 48 and 48.5 cents. Shd go up again to 51.5 cents

Q results overdue?

Forest city is next to Singapore. BM is in Sg Besi KL

Agung 1st speach in Parliment on Monday morning. Hopefully he insist on having HSR from Singapore to KL. Better still if KL station located at Bdr Malaysia.

This week shd see Bumi Armada GO

Slowly but surely creeping up. Why?

18-Jan-2024 19-Jan-2024 Others 21,023,125 0.143
21-Dec-2023 22-Dec-2023 Others 29,411,764 0.136
14-Dec-2023 15-Dec-2023 Others 11,029,411 0.136
08-Dec-2023 11-Dec-2023 Others 14,705,882 0.136
06-Dec-2023 07-Dec-2023 Others 7,352,941 0.136
17-Nov-2023 20-Nov-2023 Others 33,088,235 0.136
07-Nov-2023 08-Nov-2023 Others 29,411,764 0.136
19-Oct-2023 20-Oct-2023 Others 16,383,112 0.159
11-Oct-2023 12-Oct-2023 Others 17,643,352 0.159
20-Sep-2023 21-Sep-2023 Others 8,998,200 0.167
08-Sep-2023 11-Sep-2023 Others 2,953,337 0.169
04-Sep-2023 05-Sep-2023 Others 8,860,011 0.169
29-Aug-2023 30-Aug-2023 Others 5,858,230 0.171
19-Jun-2023 20-Jun-2023 Private Placement 8,129,600 0.213
18-May-2023 19-May-2023 Private Placement 17,400,000 0.200
13-Mar-2023 14-Mar-2023 Private Placement 28,750,000 0.230
All this money raised form placements and Convertable bonds gone?