Posted by faiz > 2023-08-30 10:01 | Report Abuse

Malaysia to see 10%-15% GDP uplift from its energy transition policy
KUALA LUMPUR (Aug 29): Malaysia is anticipating the implementation of its newly launched National Energy Transition Roadmap (NETR) 2050 to spur new growth areas that will bring about a 10% to 15% uplift to its gross domestic product value, Minister of Economy Rafizi Ramli said.
Part of this will be supported by potentially higher value of green foreign direct investments (FDIs) into the country, Rafizi said at the launch of the second phase of the NETR earlier on Tuesday that was held in conjunction with The Energy Transition Conference 2023 here.

Posted by faiz > 2023-08-30 10:02 | Report Abuse

The NETR has made strong projections on the benefits of Malaysia’s accelerated pivot towards net zero carbon emissions, including some RM120-180 billion of investment opportunities in co-funded government facilities for energy transition.
In total, investment opportunities are projected to be above RM1 trillion from now to 2050, the NETR report showed.
Malaysia’s grid readiness itself will require RM180 billion in investments in the period, according to energy minister Nik Nazmi Nik Ahmad.

Posted by faiz > 2023-08-30 10:02 | Report Abuse

Tenaga Nasional Bhd, which is currently the sole operator of Malaysia’s transmission grid, has pledged to invest RM90 billion for the grid infrastructure in the next six years, president and CEO Datuk Baharin Din said at the conference.
In one of the panel sessions, Energy Commission chairman Mohammed Rashdan Mohd Yusof pointed out that the grid investments estimate would include costs to fund future infrastructure such as battery storage.
The shortfall, he said, could partly be addressed with the setting up of an energy exchange to “tap into other markets at higher prices”.

Posted by faiz > 2023-08-30 10:02 | Report Abuse

Aside from grid infrastructure, the NETR also highlighted a slew of flagship catalyst projects, including a large-scale integrated renewable energy (RE) zone led by Khazanah Nasional Bhd; the development by Tenaga of a 500MW solar park and hybrid hydro-floating solar plant with a combined capacity of 2,500MW; and biomass co-firing at Malakoff Corp Bhd’s existing 2,100MW Tanjung Bin coal plant.

Posted by faiz > 2023-08-30 10:02 | Report Abuse

Prime Minister Datuk Seri Anwar Ibrahim also announced plans to set up the National Energy Transition Facility (NETF), beginning with RM2 billion from the government as seed fund, to finance marginally bankable energy transition projects or those yielding below-market returns, such as electric-vehicle charging, hydrogen and carbon capture technologies.

Posted by Pokman > 2023-09-01 18:06 | Report Abuse

Mother share will go up after son die

Posted by ZenSen > 2023-09-02 10:33 | Report Abuse

QR report not good?

Posted by trader808 > 2023-10-08 14:51 | Report Abuse

1. Someone converted 163333 warrants to acquire the same number of shares by paying the conversion price of 0.22 per share whereas the current market price of Mudajaya is 18 sen

2.The total amount paid was 163333 x 0.22 equaled RM 35,933. Conversely,anyone who is not so ignorant would have just bought the same number of shares directly from the market at 18sen. The total amount needed would be 163333 x 0.18 is Rm29399.

3.You could have saved 35933 minus 29399 is RM6534.

4. Hence, acquiring 163333 shares through warrant conversion in which the warrant is out-of money instead of buying directly from the open market by paying RM6534 more is unwittingly wasteful.

5. You arithmetic studies has been sadly neglected.

6.This costly lesson also reflected a complete lack of knowledge and understanding of the features of derivatives and the underlying securities plus a complete breakdown in communication and collaboration between clients and remiser.

7. Convert wisely
Happy trading
8/10/23

Posted by koyokui > 2023-11-29 19:30 | Report Abuse

Buy quarter report positive

Posted by ZenSen > 2023-11-30 14:16 | Report Abuse

This counter still got hope ka? Can someone enlighten me as my cost is RM0.22. Thanks

Posted by trader808 > 2023-12-02 23:11 | Report Abuse

1.Several years ago major shareholders of Mudajaya sold out and a Taiwanese tycoon called Jerry acquired a hugely substantial block of shares and embarked on a journey to reorganize, restrategize, refocus and revive the company.

2. Since than it has made many attempts to energize the company to improve the business operation, generate cash flow, strength of balance sheet, settle some debts and reduce its gearing,

3 The company has several years ago undertaken a fund raising exercise to pay debts and improve working capital.
4 With the new management, there had been some improvements in some quarters announcement with raising revenue and contribution. However, revenue and profit were erratic and inconsistent.

5. Over the years it has undertaken a massive geographical expansion and penetrated into china by acquiring Real Jade a cement company.

6 The acquisition cost for Real Jade was HK400m or about RM240m. Real Jade has begun and managed to contribute in some small way to the bottom line of Mudajaya.

7 Just as the market begins to see a green shoot of recovery in mudajaya, it announced a shocking news a week ago.

8. Apparently, the company is still owing the vendor of real jade RM119M and with added interest payment has ballooned to 127m. Mudajaya is having a tough time and facing a great challenge to repay the remaining acquisition cost.

9 Hence, it has announced a corporate exercise outlining a proposed variation and propose right issue with warrants to address the acquisition cost and debts problems

10 In the proposal, the seller has agreed to accept RM72m in cash and the remaining Rm55m in shares with consideration price at 22 sen or 250m new shares.

11. The company will offer 1 right issue for every 4 share held at an issued price of 17sen. For every right share subscribed, one would rewarded with a free warrant. The conversion price is 22 sen

12. In general, corporate exercise of fund raising through right issue is bad news. The fact that the fund raise is used to pay off debts makes it worse.
However, since its announcement, share price surprisingly still manage to hold on resiliently.

13.Mudajaya has issued share capital of 1875m. It will issue 531m right shares. it will also issue 250m consideration share to the vendor. The vendor will also subscribe 62.5m right shares and upon conversion of new warrant ,531m shares will be added and the total enlarged share capital would ballooned to 1875+531+250++62.5+531 =2999m

14 The enlarged capital would have a severely huge burden and seriously damaging to the EPS and the future share price.

15. The cement industry and business in china and to some extend Real Jade could possibly affected by the negative sentiment in the property and construction sector caused by Evergrander , country garden.

16. Mudajaya closed at 16,5sen last Friday. The reason why it did not fall much could partly because the right share has been priced at 17sen. If it allowed to fall to far below 17sen , than the right share will not be attractive. Existing shareholders will not subscribe to the right shares. The fund raising exercise will fail. Vendor will not be paid and there will be consequences.

17. This is the recent development in Mudajaya.
The company is still facing issues and challenges.
Can Jerry pull through? Would you stay invested. The choice is yours.

18. Hope it helps. Happy trading
2/12/23

Posted by koyokui > 2023-12-10 21:31 | Report Abuse

Buy mudajya ecrl related company with low price

Posted by trader808 > 2023-12-11 11:46 | Report Abuse

1.Mudajaya is still continuing on its long term decline. There is no light at the end of the tunnel.
2.It is still struggling with its challenge to raise fund to pay off debts.
3. In the end the enlarged share capital could possibly balloon to 3b shares. It will hurt the EPS and hence the long term share price.
4. Investors would have to endure some scorching heat and brutal cold. The right issue will dampen company sentiment and share price.
5. all the best
Trade wisely
11/12/23

Posted by xiaoeh > 2023-12-11 11:50 | Report Abuse

i have to admit my previously look good technical view had failed by far.

Posted by trader808 > 2023-12-11 16:19 | Report Abuse

Do not be overly discouraged. Profit from the lesson. Sell out,cut loss and move on.
Best wishes n happy trading
11/12/23

Posted by fiqi22 > 2024-01-29 10:52 | Report Abuse

can"t move

Posted by Orson Chin > 2024-02-16 13:52 | Report Abuse

rubbish company。。。。。 keep drop only

Posted by Ahmad Cendana > 2024-02-21 12:49 | Report Abuse

Used to be one of my most favourite companies to speculate on. Quite a long time ago, maybe 10 years(?) Had thought about buying some for old times sake. But after reading @trader808's comments here... No need old times lah. Better to speculate on something else.

Posted by koyokui > 2024-02-27 21:51 | Report Abuse

Buy tp 18 sen

Posted by koyokui > 2024-03-14 12:06 | Report Abuse

Saudi neom project?

Posted by paktua73 > 2024-03-14 12:09 |

Post removed.Why?

Posted by yoyo > 2024-03-14 12:13 | Report Abuse

any news?

Posted by xiaoeh > 2024-03-14 13:16 | Report Abuse

what happened suddenly to the moon?

Posted by Jerung > 2024-03-14 14:56 | Report Abuse

Whats the story .... hope on Bus :)

Posted by Orson Chin > 2024-03-14 21:24 | Report Abuse

India business sold and get back money ?

Posted by trader808 > 2024-03-14 22:33 | Report Abuse

1. The company has some time ago acquired Real Jade a cement company in China for RM240M of which it is still owing Rm119m including interest payment.

2. Mudajaya has a proposal and resolved to undertake a right issue together with free warrant to raise sufficient fund to pay the creditor, Real Jade.

3. The right share has been fixed at 17sen and ever since the share price has tumbled down and for several weeks has been languishing without volume at 13.5sen until this morning.

4. It is not difficult to understand why they must push up the share price to 17sen and slightly beyond in order to attract potential investors to subscribe for the right shares.

5. For any price below 17sen, no one would subscribe to the right shares and the fund raising exercise would fail and the debts will not be paid. There will be implication and consequences.
6. In my opinion, this is the reason for the sudden volume and volatility this morning.

7 There is trading opportunity but the risk is enormous.
You must hit and run to profit from it.
8. I shall refrain.
14/3/24

Posted by xiaoeh > 2024-03-14 22:43 | Report Abuse

Thanks Trader808
come just in time

Posted by xiaoeh > 2024-03-14 22:47 | Report Abuse

Btw Dear Trader808
where did you get to learn this no.2 infor ha?
mind sharing?

2. Mudajaya has a proposal and resolved to undertake a right issue together with free warrant to raise sufficient fund to pay the creditor, Real Jade.

Posted by Noni > 2024-03-14 23:11 | Report Abuse

Yeah, how you know is fixed at 0.17?

Posted by Bullish > 2024-03-15 00:11 | Report Abuse

It's already mentioned in the Multiple Proposal announcement.

But seems like no subsequent update on the RI issuance.

Posted by trader808 > 2024-03-15 09:08 | Report Abuse

In its filing with Bursa several months ago.
15/3/24

Posted by xiaoeh > 2024-03-15 09:15 | Report Abuse

Thanks Bullish and Trader808

Posted by paktua73 > 2024-03-15 11:27 |

Post removed.Why?

Posted by xiaoeh > 2024-03-15 12:22 | Report Abuse

wah...
poem trader is here
may i know what do think abt Mudajya?
are you buying? at what price?

Posted by Solomon007 > 2024-03-15 14:05 | Report Abuse

RE story will develop.

Posted by ZenSen > 2024-03-16 21:28 | Report Abuse

My cost is 22 cents. Should I wait to rebound?

Posted by Solomon007 > 2024-03-30 20:54 | Report Abuse

New chieftain?

Posted by supersaiyan3 > 2024-04-01 10:03 | Report Abuse

trader808, thanks for the update!

What's the situation of the 4 Fxxking power plants in India?

Posted by Solomon007 > 2024-04-03 19:50 | Report Abuse

@supersaiyan3, like no accountability? Sigh...

Posted by trader808 > 1 month ago | Report Abuse

1.Finally the rabbit has come out of the magical hat.
They settle part of the Real Jade acquisition debts by issuing new shares.

2. The amount is 55m and the consideration price is 22sen. Hence, the seller was given 250m new shares.

3. Minority shareholders immediately suffer a proportionate share dilution. In some way they actually help to pay the seller. This also means the company does not have sufficient cash to discharge the acquisition price. Considering the on going situation, it is not surprising that the seller is willing to accept new share as payment and agreed to the consideration price of 22 sen whereas the quoted share prices have been languishing between 13.5sen to 16sen

4 In the coming days, the company will continue to undertake a right issue exercise to raise fund to discharge the remaining debts.

5 You can read about it and find out the details in their circular to shareholders.

6 Until the debts are resolved and the the property and construction industry in China improve and the acquired cement company begins to generate meaningful revenue and profit, one should not be overly excited about M despite it selling at low price.

7 There is a huge difference between low and cheap. Think about it.

8. This is my personal and layman perception of the counter. It is not a recommendation to buy or sell and much less intended to influence you investment decision.

9 Trade wisely
21/6/2024

Posted by A_Elder > 1 month ago | Report Abuse

Should test 17c and above soon

Posted by FLYER > 3 weeks ago | Report Abuse

Will anyone buy the Rights at 0.17 when it is 0.14 now??

Posted by manfred > 3 weeks ago | Report Abuse

i don't think anyone will subscript since is no benefit at all. market price is 0.14 which 0.03 less than propose at 0.17 and even free warrant will at 0.05 just a different of 0.02. why take risk .. is mainly for their own internal wayang

Posted by Kkristal > 3 weeks ago | Report Abuse

How to test 17c, no one buying

Posted by AlfI3 > 3 weeks ago | Report Abuse

Again another case of abusing & manipulating company's funds "https://theedgemalaysia.com/node/717951

Posted by trader808 > 2 weeks ago | Report Abuse

1.Trading of rights will begin on 10/7/24 and that is tomorrow. Considering that the right share is priced at 17 sen and the current market price is 14.5 sen, the rights therefore has no intrinsic value.
2. It is worthless. In addition the fund raising exercise is specifically intended to pay off cement factory acquisition debts has further dampened market and investors' interest.

3. On the plus side , the management is addressing the long overdue debts issue. Once this is resolved and when the property and construction industry in China improves and the demand for cement is forthcoming, M company could potentially recover and slowly bounce back.
4. Unfortunately, in the immediate term a V shape bounce back or a significant recovery is not expected.

5 Investment is about efficient allocation of capital resources. There is a difference between price and value. At 15 sen it is a low price but not a cheap price.
Die hard investors, it is time to move out and move on.

6.Mr Columbus. it is not a bad idea to sail out and to conquer new promising and prosperous territories elsewhere in Bursa.
7. Trade wisely.
9/7/2024

Posted by AlfI3 > 2 weeks ago | Report Abuse

Traded808, thx for d wise advice. Good luck of shares trading to u too

Posted by Kkristal > 3 days ago | Report Abuse

wait lower price

Posted by speakup > 3 days ago | Report Abuse

Underwriter is screwed! Have to take all the Rights at 17

Posted by AlfI3 > 1 day ago | Report Abuse

After tat the underwriter will hav to support the prc up, otherwise shall dey cry for no tears?