Company prospect not so good. Jialat

After Foxconn went in , no more show?

LEADING tiles manufacturer and information technology outfit YB Ventures Bhd (formerly Yi-Lai Bhd) is gearing up to make its maiden foray into the multi-billion ringgit renewable energy (RE) industry in Malaysia.

Towards this end, the group has formed a new wholly-owned subsidiary – YB Renewable Energy Sdn Bhd (YBRESB) – to undertake activities related to RE in Malaysia.

“The incorporation of YBRESB opens up a new range of possibilities to continue to diversify our business,” commented YB Ventures’ executive director Au Yee Boon.

“We are confident that this will be a key business segment to the group and we will continue to explore opportunities that add value and strengthen our presence in the RE sector.”


Au Yee Boon
According to a Bursa Malaysia filing by YB Ventures yesterday (July 22), save for Au and Lee Boon Siong (fellow executive director) who are the promoters of YBRESB, none of the company’s directors and substantial shareholders have any interest, direct or indirect in the incorporation of the RE business.

“The board of directors of YB Ventures is of the opinion that the incorporation of YBRESB is in the best interest of the company,” the announcement pointed out.

Without divulging into details, Au said the management of YB Ventures is currently engaged in a few discussions that would potentially transform the company into a key player in the RE sector vis-à-vis the acquisition of earnings-accretive assets that will provide strong recurring income to the group.

Moving forward, Malaysia is expected to more than double its RE capacity from 6gw (gigawatt) to 14gw, rising from 18% to 30% of the generation mix.

While the overarching ambition of non-hydropower renewables reaching 20% of the energy mix by 2025 may be overly optimistic, it is clear that large-scale solar (LSS) investment remains a major technical and financial opportunity for Malaysia, according to Boston Consulting Group’s managing director and Southeast Asia leader (climate action) Dave Sivaprasad.

Solar photovoltaic (PV) has by far the highest technical potential in Malaysia, and is supported by mechanisms to promote affordability.

Malaysia allows installation of solar for self-consumption with its Net Energy Metering Programme (NEM) providing a pathway to self-generation with excess energy sold back into the grid.

“The nation’s LSS projects offer a successful pathway to utility-scale solar adoption,” added Sivaprasad.

YB Ventures closed 4.5 sen or 8.57% higher at 57 sen yesterday (July 22) with 1.55 million shares traded, thus valuing the company at RM137 mil. – July 23, 2021

https://focusmalaysia.my/yb-ventures-to-tap-renewable-energy-market-incorporates-new-subsidiary/

Need to be patient a bit on this counter.

Can check some comment in KLSE Screener forum, seem more rational.

https://www.klsescreener.com/v2/comments/view/115756

@Chris Kho, you have idea how much cost to push up the mother? Is it cost effecient to do so? Also the 1Billion PA, majority is holding by director and substantial share holder which they need to do announcement if the want to sell. Don't think you are right, bro.

PA is good buy now, very very good buy. I got mine :)

Right issue comes with free warrant.

QR should ready by end of July or early Aug. Price usually start moving before QR. Now maybe is one of the last best time to buy in.

@TalkNumberOne +1

Contra force selling now?

PA super under value.

PERKASA SELALU SDN BHD is probably an investment holding company which holding land for development. So Dormant status for this kind of company is pretty normal. They don't have business activity. Save cost.

I think if mother share RM 0.60, reasonable ICPS price will be around RM 0.41, cause conversion top up RM 0.19. The price different of Mother share and ICPS should around RM 0.19. For example, if mother share RM 0.60 and ICPS RM 0.20, then investor will probably go for ICPS, cause can top up RM 0.19, total cost RM 0.39 and sell it RM 0.60 for profit. The risk is, ICPS conversion takes one to two weeks. But if the counter fundamental is good, suppose the share price won't drop too much during few weeks. Even if it does, you still holding a mother share with lower cost. Well, losing money maybe, but not as 'hurt' as those RM 0.60. Investment always come with risk. :)

In other words, if ICPS price different more than RM 0.19 compare with mother share, sooner or later, the price gap will narrow down to around RM 0.19.

So those who want to TP from ICPS, will just sell it, no need to convert into Mother share for profit.

One thing good about ICPS compare with Warrant is, upon maturity, warrant will lapse and warrant holder lose all money. As for ICPS, it will mandatory convert into mother share by combining 20 ICPS into 1 mother share. At least investor get something compare with higher risk warrant.

Those who have faith with Q4 and 2018 financial result, perhaps will hold the share and wait for next wave. I check back the corporate exercise happen last year for Aturmju, apparently their timber business cannot profit already, very high chance they diversify to IT business then convert into technology counter. Major reason is Timber business keep losing money, IT business make huge profit, another reason is Technology counter usually get way higher PE ratio, if I not mistaken, should be around 22 times.

https://www.ceicdata.com/en/malaysia/bursa-malaysia-price-earnings-ratio/bursa-malaysia-pe-ratio-ftse-composite-index

Industrial counter PE ratio only 16 times.

From their ICPS prospectus, it mentioned that unbill invoice around RM 4.4M. Another RM 9 M project in discussion. Q3 profit RM 186K. Assuming their Q4 profit few Million, very likely this Aturmaju will turn into profit counter after so many years of losses. The IT diversification only happen during Q3 2018. During two quarter, they can make this kind of result, very good already. High hope for 2019. Now the uncertain is the MoU that just announced yesterday, RM 20M yearly sales is very good figure, provided Aturmaju can successfully sign the contract. If is remain only MoU.... then too bad. So those who wanna bet on this MoU and their 2018 profit, can go ahead to buy in. I myself will probably wait till at least the RM 20M project signed or they announce profit Q4 result (preferably few Million profit, if only couple of ten thousand, may not so attractive, IMO). My risk tolerance kind of low, haha. Low profit , low risk suit me more. Also if the RM 20M project contract signed, by looking at the technology counter PE ratio, Aturmaju share price still have huge room to increase, so no hurry.

Happy trading mate.

what happen is still cannot issue FY18 annual report? PN 17 or immediately delist? How come cannot issue report? Something big hiding?

This is why the share price shoot up yesterday and today? MOU only. Not the real award contract. Let's wait and see. Maybe another goreng counter using MOU. lol.

http://www.theedgemarkets.com/article/aturmaju-resources-enters-mou-yess-provide-inventory-tracking-system?type=malaysia

@warrenteo, what number? What profit? No brainer winner? haha....

last month bought 1000 PR forget to subscribe, miss the due date. So total lost....lol... then last week bought some PA, hopefully can cover the lost :)

The ICPS seem under value a lot. Should we convert it into mother share and sell it for profit?

TA looks promising.

http://www.freemalaysiatoday.com/category/nation/2018/07/18/public-listed-firms-caught-breaching-forestry-laws-in-sabah/

Any update on the ASX listing? How long it usually takes to get listed?

Queue to buy some in 0.08.

Up up up.....

habis

nekosan, thumbs up.

Sifus,

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5237577

What does this announcement means?

Check the price today. Macam ada form.......lol

What is the legal case about? How will it affect this counter?

Today price doesn't mive much.

Today Warrant volume higher than mother share, hinting something?

3 million recurring income per months is significant.

Bjgdila, how you know he has 14%?

apa show?

RM 0.20 now. Can buy?