Our factoring business operated under Ikhlas started operation in January 2022 and we expect this business to continue to contribute positively to the revenue and earnings of the Group in the current financial year and also in the coming financial years. Our factoring business will focus on funding companies in the IT sector as it is a sector where our core expertise lies. We have embarked on the task of transforming Ikhlas’s conventional factoring business into a digital based factoring entity. The transformation of Ikhlas’s business model encompasses the introduction of its own digital platform website allowing inter alia online acceptance of customers’ new application and customers’ information verification. Apart from that, a contact centre is also made available for online interaction with customers and applicants.
Inbase Partners Limited (“Inbase”), a subsidiary company in Taiwan, offers cutting edge fintech and digital advisory services. To enhance its business which include investment in digital assets and precious metals by using its in-house proprietary and other digital platforms, Inbase is actively identifying and developing other business opportunities. Inbase’s proprietary Catch Markets, a digital trading platform to match commodities buyers and sellers in a secured and regulated trading manner, was launched during the FYE 2022 and had since expanded its range of “Catch” products to include Catch OTC, Catch Matrix and Catch Risk which aims to offer more comprehensive digital trading experience. The addition of more functionalities to cater for more physical commodity products and different levels of access will help to contribute increased revenue for the Group in the current financial year.
History Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks 05/12/2022 00:00:00 0.0600 0.0400 200,000 200,000 12,000 12,000 0.0600 0.0138 -
History Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks 05/12/2022 00:00:00 0.0600 0.0400 200,000 200,000 12,000 12,000 0.0600 0.0138 -
============= Be careful holding high NOSH multi year loss making penny stocks, many of which had undergone shares consolidation resulting in huge losses to retail shareholders
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Introducing MLABS's subsidiary, IKHLAS AL DAIN SDN BHD (IKHLAS). IKHLAS is a factoring house approved by the Ministry of Finance and Bank Negara Malaysia.
Mudarabah Factoring Model For SMEs by MRA Razak · 2017 — This is where we believe a financing tool like factoring, especially Islamic factoring, can play a pivotal role. Factoring is a type of financial transaction .
Make sense bagi netx to swallow mlabs via share swap... Great synergy
KUALA LUMPUR (July 29): NetX Holdings Bhd, which slipped into the red for the second quarter ended May 31, 2022 (2QFY22), entered into a deal on Friday (July 29) to provide its Syariah-compliant loan products to customers of fintech company MYISCO Sdn Bhd.
NetX said its subsidiary, licensed money lender Emicro Services Sdn Bhd (eMicro), will be one of the companies to list its financial products on MYISCO’s digital Islamic financial services platform called MYISCO Wallet.
Under the deal, 20% of the net revenue received by eMicro through the personal financings will go to MYISCO with eMicro keeping the other 80%, said NetX in a filing with Bursa Malaysia.
MIYSCO is a wholly-owned subsidiary of MyAngkasa Digital Services Sdn Bhd, a private company led by Angkatan Koperasi Kebangsaan Malaysia (Angkasa), MyAngkasa Holdings Sdn Bhd, Boustead Digital Services Sdn Bhd, MySwitch Sdn Bhd and MRuncit Commerce Sdn Bhd.
The MYISCO Wallet aims to provide a digital wallet experience to people in the ASEAN region.
In a press statement, NetX said seven million registered members of Angkasa will now have access to eMicro’s financial products.
“In terms of the features, MYISCO deployed an artificial intelligence engine that can instantly match different customer’s needs and financial product categories.
“Upon completion of the application, MYISCO’s customers are able to withdraw the money through the MYISCO Wallet or designated bank account within one working day,” NetX said.
In a separate filing on Friday, NetX reported a net loss of RM183,000 for 2QFY22 compared to a net profit of RM241,000 a year earlier.
The software company said the loss was due to fair value adjustment on quoted investment of RM1.25 million, and a rise in operating and administrative expenses by RM730,000. The company was also affected by a rise in interest by RM430,000 from loans in Sungei Wang Plaza Sdn Bhd, which was acquired on Sept 30, 2021.
Quarterly revenue rose to RM3.32 million from RM1.7 million, thanks to new revenue on sales of foreign currencies after the group acquired a new licensed money changer subsidiary on Oct 28, 2021.
There was also higher interest earned from its money lending segment, NetX added.
For the first six months of FY22, the company saw its net loss narrow to RM3.37 million from RM10.2 million in the same period of FY21. Revenue rose to RM6.19 million from RM5.47 million.
NetX shares closed unchanged at nine sen on Friday, valuing the group at RM75.24 million.
0085 MLAB MLABS SYSTEMS BHD Change in Boardroom Date of Change: 19/10/2022 Type of Change: Redesignation Designation: Others Directorate: N/Ind & N/Exec Name: HJ. SULEIMAN BIN MAHMUD RMAF (RTD) Age: 75 Country: Nationality: Malaysia Qualifications: Working Experience and Occupation: Directorship of public companies (if any): Family relationship with any director and/or major shareholder of the listed issuer: Details of any interest in the securities of the listed issuer or its subsidiaries: Remarks: The re-designation of General Tan Sri Dato' Sri Hj. Suleiman Bin Mahmud RMAF (Rtd) from Independent Non-Executive Chairman to Non-Independent Non-Executive Chairman is in compliance with the recommendation of the enhanced listing requirements of Bursa Malaysia Securities Berhad, which limiting the tenure of an independent director to not more than a cumulative period of 12 years in a listed issuer. You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Submitted By:
Mlabs: + momentum , sambung hari ni. Bersiap singa :)
KUALA LUMPUR (Dec 6): theedgemarkets.com highlighted five stocks with positive momentum, and 14 stocks with negative momentum, at Bursa Malaysia's afternoon close on Tuesday (Dec 6).
The stocks with positive momentum were: Mlbas Systems Bhd — up half a sen or 25% to 2.5 sen
Pasukhas Group Bhd — up half a sen or 25% to 2.5 sen
Euro Holdings Bhd — up three and a half sen or 30.43% to 15 sen
Sarawak Consolidated Industries Bhd — up two sen or 13.33% to 17 sen
Industronics Bhd — up one and a half sen or 15.79% to 11 sen
KUALA LUMPUR (Dec 6): theedgemarkets.com highlighted five stocks with positive momentum, and 14 stocks with negative momentum, at Bursa Malaysia's afternoon close on Tuesday (Dec 6).
The stocks with positive momentum were: Mlbas Systems Bhd — up half a sen or 25% to 2.5 sen
Pasukhas Group Bhd — up half a sen or 25% to 2.5 sen
Euro Holdings Bhd — up three and a half sen or 30.43% to 15 sen
Sarawak Consolidated Industries Bhd — up two sen or 13.33% to 17 sen
Industronics Bhd — up one and a half sen or 15.79% to 11 sen
what other islamic biz selain islamic factoring biz brokered by this muslim Chairman .? .. :)
0085 MLAB MLABS SYSTEMS BHD Change in Boardroom Date of Change: 19/10/2022 Type of Change: Redesignation Designation: Others Directorate: N/Ind & N/Exec Name: HJ. SULEIMAN BIN MAHMUD RMAF (RTD) Age: 75 Country: Nationality: Malaysia Qualifications: Working Experience and Occupation: Directorship of public companies (if any): Family relationship with any director and/or major shareholder of the listed issuer: Details of any interest in the securities of the listed issuer or its subsidiaries: Remarks: The re-designation of General Tan Sri Dato' Sri Hj. Suleiman Bin Mahmud RMAF (Rtd) from Independent Non-Executive Chairman to Non-Independent Non-Executive Chairman is in compliance with the recommendation of the enhanced listing requirements of Bursa Malaysia Securities Berhad, which limiting the tenure of an independent director to not more than a cumulative period of 12 years in a listed issuer. You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Submitted By:
ada khabar angin, pengerusi yg beragama islam ni mau jualkan biz arak mlabs dan memperoleh status stok syariah bagi mlabs selepas berjaya mendirikan islamic factoring biz dalam mlabs... terbaik
what other islamic biz selain islamic factoring biz brokered by this muslim Chairman .? what big biz, next? .. :)
0085 MLAB MLABS SYSTEMS BHD Change in Boardroom Date of Change: 19/10/2022 Type of Change: Redesignation Designation: Others Directorate: N/Ind & N/Exec Name: HJ. SULEIMAN BIN MAHMUD RMAF (RTD) Age: 75 Country: Nationality: Malaysia Qualifications: Working Experience and Occupation: Directorship of public companies (if any): Family relationship with any director and/or major shareholder of the listed issuer: Details of any interest in the securities of the listed issuer or its subsidiaries: Remarks: The re-designation of General Tan Sri Dato' Sri Hj. Suleiman Bin Mahmud RMAF (Rtd) from Independent Non-Executive Chairman to Non-Independent Non-Executive Chairman is in compliance with the recommendation of the enhanced listing requirements of Bursa Malaysia Securities Berhad, which limiting the tenure of an independent director to not more than a cumulative period of 12 years in a listed issuer. You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Submitted By:
must be something interesting, so much funds from netx used to grab mlabs' shares :)
Friday, 10 Dec 2021 6:00PM MLAB NETX HOLDINGS BERHAD (10,975,000 units Acquired) 6:00PM MLAB FIRST UNITED TECHNOLOGY LTD (10,975,000 units Acquired) Thursday, 9 Dec 2021 5:51PM MLAB FIRST UNITED TECHNOLOGY LTD (62,000,000 units Acquired) 5:51PM MLAB NETX HOLDINGS BERHAD (62,000,000 units Acquired) Wednesday, 8 Dec 2021 6:02PM MLAB FIRST UNITED TECHNOLOGY LTD (10,000,000 units Acquired) 6:02PM MLAB NETX HOLDINGS BERHAD (10,000,000 units Acquired) Tuesday, 7 Dec 2021 5:54PM MLAB FIRST UNITED TECHNOLOGY LTD (62,729,900 units Acquired) 5:54PM MLAB NETX HOLDINGS BERHAD (62,729,900 units Acquired)
Humans that lack integrity may cause corruption, regardless of the means of technology. As one of the respondents said ‘there is no direct impact between technology and integrity. “Human” is the factor of concern, as the level of integrity relates with the human factor.’
WC = 440,488,340 Maturity 2023-12-07 Strike value 0.0900
================= Share consolidation 10 to 1 in November 2020 Rights issue 6 for 1 at RM0.09 per share in November 2020 Annual losses in 18 out of last 20 years
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Modus operandi of many loss making penny stocks 1. Directors fail in generating business profit 2. Show Multi year losses, multi quarter losses 3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition 4. Directors utilise most of the fund raised 5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue 6. Repeat step 1 to 5
PASUKGB is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 24 February 2023.
=================== Be careful trading high NOSH low price penny stocks
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
Long term shareholders holding at high prices will incur huge losses due to the corporate exercises
List of penny stocks with shares consolidation :-
2023 in progress - VSOLAR, DOLPHIN, EDUSPEC, TECHNAX, PASUKGB
MLABS SYSTEMS BERHAD Company No. 200401014724 (653227-V) (Incorporated in Malaysia) CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE QUARTER ENDED 31 DECEMBER 2022 - 1 - The Board of Directors of Mlabs Systems Berhad is pleased to announce the following unaudited consolidated financial statements for the quarter ended 31 December 2022 which should be read in conjunction with the audited consolidated financial statements for the financial year ended 30 June (“FYE”) 2022 and the accompanying explanatory notes attached to the unaudited consolidated financial statements. CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME INDIVIDUAL QUARTER Quarter Ended CUMULATIVE QUARTER Year Ended Note 31.12.2022 RM'000 (unaudited) 31.12.2021 RM'000 (unaudited) 31.12.2022 RM'000 (unaudited) 31.12.2021 RM'000 (unaudited) Revenue A8 6,505 9,383 11,014 12,166 Cost of sales (2,568) (7,657) (4,864) (9,334) Gross profit 3,937 1,726 6,150 2,832 Other income 3,960 1,545 4,660 2,437 Administrative and operating expenses (4,395) (3,129) (8,568) (5,905) Selling and distribution expenses (349) (1,514) (768) (1,654) Other operating expenses (1,679) 786 (2,679) (410) Profit/(Loss) from operations 1,474 (586) (1,205) (2,700) Finance costs (43) (293) (81) (301) Share of results of associates, net of tax 12 - 12 - Profit/(Loss) before tax B14 1,443 (879) (1,274) (3,001) Tax expense B7 - - - - Profit/(Loss) for the financial period 1,443 (879) (1,274) (3,001) Other comprehensive (loss)/income:- Item that will be subsequently reclassified to profit or loss Exchange differences on translating foreign operations (1,268) 195 675 661 Other comprehensive (loss)/income for the financial period (1,268) 195 675 661 Total comprehensive income/(loss) for the financial period 175 (684) (599) (2,340) Profit/(Loss) for the financial period attributable to: - Owners of the Company 1,792 (1,009) (622) (2,882) - Non-controlling interests (349) 130 (652) (119) 1,443 (879) (1,274) (3,001) Total comprehensive income/(loss) attributable to: - Owners of the Company 627 (909) 36 (2,336) - Non-controlling interests (452) 225 (635) (4) 175 (684) (599) (2,340) Earnings/(Losses) per share attributable to Owners of the Company Basic & diluted (sen) B13 0.12 (0.07) (0.04) (0.21)
MLABS SYSTEMS BERHAD Company No. 200401014724 (653227-V) (Incorporated in Malaysia) CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE QUARTER ENDED 31 DECEMBER 2022 - 4 - CONSOLIDATED STATEMENT OF CASH FLOWS Period Ended 31.12.2022 RM’000 (unaudited) 31.12.2021 RM’000 (unaudited) Operating activities Loss before tax (1,274) (3,001) Adjustments for:- Amortisation of intangible assets 1,278 62 Depreciation of investment properties 84 59 Depreciation of property, plant and equipment 738 420 Depreciation of right-of-use assets 562 167 Fair value adjustment on investment (1,344) 292 Fair value loss/(gain) on quoted shares 450 (780) Income distribution from short-term fund (134) (156) Gain on disposal of right-of-use assets (35) - Gain on derecognition of right-of-use assets (136) Gain on dilution of interest in subsidiaries (2,671) - Interest expense 81 15 Interest income (5) (2) Preferences shares dividend income (7) - Inventories written off 5 2 Property, plant & equipment written off 6 - Reversal of impairment on trade receivables (4) - Share of results of associates (12) - Unrealised foreign exchange loss/(gain) 924 (115) Operating loss before working capital changes (1,494) (3,037) Changes in working capital:- Inventories (106) (496) Payables and contract liabilities 2,086 432 Receivables and contract assets (5,683) 12,971 Cash (used in)/generated from operating activities (5,197) 9,870 Tax paid (140) - Net cash (used in)/generated from operating activities (5,337) 9,870 Investing activities Acquisition of: - Property, plant and equipment (5,483) (8,112) - Investment properties - (9,800) - Intangible assets and software development - (11,222) - Quoted shares - (4,620) Proceeds from disposal of property, plant and equipment 1 - Proceeds from disposal of right-of-use-assets 270 - Net cash outflow from dilution of interest in subsidiaries (196) - Income received from short-term fund 134 156 Interest received 5 2 Fair value change from short-term investment 191 - Placement of investments (5,507) (5,460) Net cash used in investing activities (10,585) (39,056)
SINGAPORE (Dec 28): John Soh Chee Wen, who has been found guilty of masterminding the 2013 penny stock crash, has been sentenced to 36 years in jail while his co-conspirator Quah Su-Ling is given 20 years.28 Dec 2022
Penny stock crash mastermind John Soh sentenced to 36 ...
The Securities Commission is actively curbing capital market irregularities, contrary to the general perception, says chairman Datuk Seri Dr Awang Adek Hussin.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Good123
20,655 posts
Posted by Good123 > 2022-12-06 10:28 | Report Abuse
Sasaranku 4-5sen at least... Sabar ya!