KUALA LUMPUR (June 10): Shares in Asia Bioenergy Technologies Berhad surged 25% in afternoon trades today, as trading volume soared.
At 3.17 p.m., the stock was trading at its intra-day peak of 5 sen apiece, after 20.66 million shares exchanged hands. The current price gives it a market capitalisation of RM42.9 million.
It closed at four sen yesterday, with 20.7 million shares traded. In comparison, its 65-day average trading volume across the open market stood at 687,128 shares.
A dealer told theedgemarkets.com that both Asia Bioenergy and VSolar Group Bhd — in which it has a 19.51% stake, according to VSolar's Annual Report 2015 — had hit its all time high in early 2015 and plunged substantially to near their all-time lows earlier this year, before both staged a rebound this month.
This follows VSolar's announcement that it was collaborating with Universiti Teknologi Malaysia to research, develop and commercialise solar and photovoltaic technologies.
Asia Bioenergy emerged as VSolar's substantial shareholder on July 31, 2014, after acquiring 25.62 million shares or 10% stake in VSolar via a private placement. It then raised its stake to 19.51% via multiple purchases until end of December 2014.
At the time of writing, Asia Bioenergy was the 12th most active stock across the exchange, while VSolar was the fourth most active.
Aside from VSolar, Asia Bioenergy also holds investments in several other public-listed companies, particularly in the bio-energy sector, namely Focus Dynamics Technologies Bhd, NetX Holdings Bhd and Carimin Petroleum Bhd.
Last year, Asia Bioenergy and VSolar had on June 15 endorsed a joint collaboration and alliance agreement to jointly develop a cash crop farm on VSolar's photovoltaic energy generation real estate, whereby Asia Bioenergy will be able to use its effective micro-organism products to enhance product yield and growth, said Asia Bioenergy in its Annual Report 2015.
"We believe that in the long term, collaborations like this will bring both direct revenue value to Asia Bioenergy, whilst further enhancing the investment value in VSolar," it added.
It was also exploring other potential projects with NetX and Focus, where a similar collaborative strategy will be employed.
Vsolar Inks MoU With UTM To Develop Solar Farms KUALA LUMPUR, June 8 (Bernama) -- Vsolar Group Bhd has signed a Memorandum of Understanding (MoU) with Universiti Teknologi Malaysia (UTM) for the development of solar farms at UTM, Johor, or other suitable sites provided by the university.
Eleventh Malaysia Plan (RMK11), 2016-2020,specifies that green growth will provide the fundamental shift in how Malaysia builds a socio-economic development strategy that will increase the nation’s resilience to climate change. This includes strengthening the enabling environment particularly in terms of policy and regulatory framework, human capital, green technology investment, and financial instruments. In turn, this would facilitate a shift in the economy, particularly in the private sector, towards more sustainable patterns of consumption and production.
The Malaysian Prime Minister Najib Razak announced in that sets the amount of green technology as high as 5 billion ringgit financial mechanisms through low interest rates and Government guarantee mechanisms, increase the financial capacity of relevant industries, so as to improve the availability and use of green technology. Other financial measures, including: renewable energy industry 100% duty-free within 10 years, factory machinery and equipment 5 years to complete tax.
Feed-in Tariff typically offers from government as a guaranteed purchase agreement for electricity generated from renewable energy sources. It achieves this by offering long-term contracts to renewable energy producers like companies, industry or individuals, these agreements are generally framed within long-term (21 year) contracts.
asiabio wa siapa Big sell Q 0.025- 0.030? jangan Big Q sell la..bagi laluan jerung nak masuk..Q sell 100 lot avery price cukup la..price dh tinggi baru jual kaw kaw..kalau big block sell mcm ni sape mau beli..??
ikan bilis block ke shark block....kalau ikan bilis Q sell so memang tak fikir panjang lah....sapa mau makan kalau Q banyak2.semua tunggu beli rendah kecuali sharks dah nak push...hehehe
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....
Henry Choong
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Posted by Henry Choong > 2016-06-10 10:38 | Report Abuse
Asiaboy..lai lai