MINETECH RESOURCES BHD

KLSE (MYR): MINETEC (7219)

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Last Price

0.04

Today's Change

0.00 (0.00%)

Day's Change

0.04 - 0.045

Trading Volume

629,400


12 people like this.

11,022 comment(s). Last comment by ismadi 5 days ago

UnclePho

223 posts

Posted by UnclePho > 2022-02-17 14:03 | Report Abuse

This counter got operator with little bullet. The largest shareholders Awang and Chin are the poor cashless shareholders

whkwoon

287 posts

Posted by whkwoon > 2022-02-17 20:23 | Report Abuse

Hope all their project still can carry on ?
Hope they don't use the right issue money to buy property

MrXYZ

138 posts

Posted by MrXYZ > 2022-02-21 22:53 | Report Abuse

Minetec sendu... Takde dapat job baru ke pak cik awang?

UnclePho

223 posts

Posted by UnclePho > 2022-02-24 12:51 | Report Abuse

4 sen coming

UnclePho

223 posts

Posted by UnclePho > 2022-02-25 10:05 | Report Abuse

Thank you Ripin for the history telling. Investors are forward looking. Please don't live in ancient times

UnclePho

223 posts

Posted by UnclePho > 2022-02-26 22:15 | Report Abuse

Yes Ismadi. I can't swallow supplement pills with quarry stones. It is hardly to digest well.. hahahaha

Posted by whistlebower99 > 2022-02-28 11:39 | Report Abuse

ATEST QR

ANOTHER QUARTER OF LOSSES
MULTI YEAR AND MULTI QUARTER LOSSES

https://www.klsescreener.com/v2/stocks/financial-report/7219/2021-12-31

https://www.klsescreener.com/v2/stocks/view/7219

Legend

4,115 posts

Posted by Legend > 2022-02-28 17:14 | Report Abuse

ICU sudah.

Invest83

35 posts

Posted by Invest83 > 2022-03-03 10:15 | Report Abuse

Lost 12 million, directors still enjoying fat salary. Holland Lia.

UnclePho

223 posts

Posted by UnclePho > 2022-03-04 09:21 | Report Abuse

emilychee, Vincent.... Stop crying lah. Bring more biz to minetech. No ability, ask all lousy board to resign especially Chin family and awang family. Give Chin one quarry and they go play stone. Give awang one motor repair workshop and they go play with the screw and spanar

UnclePho

223 posts

Posted by UnclePho > 2022-03-04 19:31 | Report Abuse

These bunch of writers truly a machine, a copy and paste machine

Michael R.

4,190 posts

Posted by Michael R. > 2022-03-07 17:03 | Report Abuse

Why Gold? currently looks like to be consolidated...

UnclePho

223 posts

Posted by UnclePho > 2022-03-22 19:20 | Report Abuse

Chairman sudah masuk politik lah under Parti Pesaka Bumiputera. No more money for Minetech

DatoKyle

359 posts

Posted by DatoKyle > 2022-04-05 13:58 |

Post removed.Why?

UnclePho

223 posts

Posted by UnclePho > 2022-04-17 17:22 | Report Abuse

Mariam, you are so close to bawang, you may ask him or else pls google

MrXYZ

138 posts

Posted by MrXYZ > 2022-04-21 22:15 |

Post removed.Why?

Posted by whistlebower99 > 2022-04-22 11:53 | Report Abuse

FOR NEWBIES

After recent fund raising via issuance of 582,664,397 ICPS at 0.03, directors raising fund again via shares issuance to PP

=========
On behalf of the Board, TA Securities wishes to announce that the Board had on 21 April 2022 (“Price-fixing Date”) fixed the issue price for the first tranche of the Private Placement at RM0.063 per Placement Share (“Issue Price”).

The Issue Price of RM0.063 is at a discount of RM0.0156 or approximately 19.85% to the 5-day volume weighted average market price of Minetech Shares up to and including 20 April 2022 (being the last market day immediately preceding the Price-fixing Date) of RM0.0786 per Minetech Share.

This announcement is dated 21 April 2022.
https://www.klsescreener.com/v2/announcements/view/3536949

=================
https://www.klsescreener.com/v2/stocks/view/7219/minetech-resources-berhad
Mostly loss making for past 10 years
Massive shares issuance cause dilution to shareholders equity % and EPS
NOSH continue to rise above BILLION shares

==============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance

==========
TAYOR, SET REALISTIC TARGET


Posted by whistlebower99 > 2022-05-06 12:46 | Report Abuse

FOR NEWBIES

Types of corporate proposal Private Placement
Details of corporate proposal MINETECH RESOURCES BERHAD ("MINETECH" OR THE "COMPANY") PRIVATE PLACEMENT
No. of shares issued under this corporate proposal 22,800,000
Issue price per share ($$) Malaysian Ringgit (MYR) 0.0630
Latest issued share capital after the above corporate proposal in the following Units 1,188,413,800
Listing Date 06 May 2022

===================
Frequent fund raising raising via shares issuance to PP and ESOS
Dilution of shareholders equity % and EPS
NOSH keep rising above BILLION shares
Mostly annual loss making in last 10 years

===============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance

================
TAYOR, set realistic target

UnclePho

223 posts

Posted by UnclePho > 2022-05-06 13:22 | Report Abuse

Its a donkey counter, no brain, no horsepower

UnclePho

223 posts

Posted by UnclePho > 2022-05-10 10:26 | Report Abuse

YTL Losses better buy YTL. YTL got fundamental and strong team. minetech got bunch of clowns running the show. Private placement oso expired, no takers. Largest shareholders chin and awang oso poor no cash fellow

Trojan888

12 posts

Posted by Trojan888 > 2022-05-12 18:22 | Report Abuse

Awang is depressing now...Got no new job and just able to raise money from others..what a shame..

UnclePho

223 posts

Posted by UnclePho > 2022-05-13 19:17 | Report Abuse

For decades, Chin has only able to fundraise and then channel it to their private entity. Now Awang try to do the same but world is evolving with multimedia. Chin just got lucky to make fortune in era no multimedia. Now Chin wanna exit, Awang wanna exit.

Useless duo family

Posted by SengGor1011 > 2022-05-17 15:16 | Report Abuse

sry none of us know your remisier

Posted by SengGor1011 > 2022-05-17 15:16 | Report Abuse

my grandpa say serbk can go back rm2

:)

Trojan888

12 posts

Posted by Trojan888 > 2022-05-28 15:23 | Report Abuse

There seems no future for minetec..keep on losses

DickyMe4

164 posts

Posted by DickyMe4 > 2022-05-30 16:17 |

Post removed.Why?

Posted by matthewlaujc90 > 2022-05-31 11:53 | Report Abuse

losses after losses...

UnclePho

223 posts

Posted by UnclePho > 2022-05-31 20:22 | Report Abuse

Riffin, you are really good setting of artificial dumb*** of Awang & Chin. A truly masterpiece of sh**

Trojan888

12 posts

Posted by Trojan888 > 2 months ago | Report Abuse

Anybody here??hahaha...awang sihat tak?

Invest83

35 posts

Posted by Invest83 > 2 months ago | Report Abuse

This counter, ICU dah

Trojan888

12 posts

Posted by Trojan888 > 1 month ago | Report Abuse

Minetec got no new job recently.. confirmed will keep losses.

BILLC

1,736 posts

Posted by BILLC > 1 month ago | Report Abuse

Tutup kedai soon,,,,

UnclePho

223 posts

Posted by UnclePho > 4 weeks ago | Report Abuse

Useless counter

UnclePho

223 posts

Posted by UnclePho > 3 weeks ago | Report Abuse

Checking to audited accounts inSSM, the financial result of Empada wasn't impressive as what Hali mentioned

nizam

39 posts

Posted by nizam > 2 weeks ago | Report Abuse

buy Gamuda and YTL

Michael R.

4,190 posts

Posted by Michael R. > 2 weeks ago | Report Abuse

My prediction in March..
Now u see it is realised...

0.030 possible? then consolidation & RI? Follow AGES style..

Michael R.

Why Gold? currently looks like to be consolidated...

2022-03-07 17:03

riffin

66 posts

Posted by riffin > 2 weeks ago | Report Abuse

Minetech Resources Berhad a civil engineering specialist and bituminous products manufacturer, today announced that the Company registered a 43.2% rise in revenue for the first quarter ended 30 June 2022 (“1Q FY2023”) to RM24.05 million compared with RM16.80 million in the corresponding quarter of the last financial year (“1Q FY2022”).

riffin

66 posts

Posted by riffin > 2 weeks ago | Report Abuse

Minetech’s civil engineering division posted revenue contribution of RM13.7 million for
1Q FY2023, a gain of 34.3% compared with RM10.2 million in 1Q FY2022. The manufacturing division, which
produces bituminous products for pipe coating, waterproofing and sealing, recorded revenue contribution of
RM5.85 million, a gain of 75.1% compared with RM3.34 million in 1Q FY2022.

riffin

66 posts

Posted by riffin > 2 weeks ago | Report Abuse

Matt Chin, Executive Director of Minetech, said, “The civil engineering division’s contribution was supported by higher revenue from the Selinsing Gold Mine in the quarter under review compared to the corresponding quarter of the previous financial year as production regained traction while the manufacturing division saw a significant rise in revenue due to an increase in sales as a result of improved demand from water
piping and road paving projects.” Recent news flow point to firmer domestic economic growth and the announcement of the MRT3 project together with the continuation of other large civil infrastructure projects is positive for the construction sector as there will be need for civil engineering services as well as bituminous products.”

riffin

66 posts

Posted by riffin > 2 weeks ago | Report Abuse

Minetech is teaming up to import and trade processed food products from South Korean food manufacturer Samyang Food Co Ltd.

riffin

66 posts

Posted by riffin > 2 weeks ago | Report Abuse

1 April 2022 Minetec - Letter of Award for execution and completion of External Link Bridge, Covered Walkway and Associated Works for the Emerald 9 Cheras Development on Lot 809 and 810, Mukim Cheras, Daerah Hulu Langat, Selangor Darul Ehsan.

riffin

66 posts

Posted by riffin > 2 weeks ago | Report Abuse

Minetec Revenue for 1Q Rises 43.0% to RM24 Million

nizam

39 posts

Posted by nizam > 2 weeks ago | Report Abuse

buy Gamuda

nizam

39 posts

Posted by nizam > 2 weeks ago | Report Abuse

buy YTL

emox

57 posts

Posted by emox > 1 week ago | Report Abuse

Matt Chin Leong Choy Acquired MINETEC 29,941,000 units

roshazli

161 posts

Posted by roshazli > 1 week ago | Report Abuse

buy MI

emox

57 posts

Posted by emox > 1 week ago | Report Abuse

Azlan Shah Bin Zainal Arif Acquired MINETEC 27,446,000 units

mariam

65 posts

Posted by mariam > 6 days ago | Report Abuse

AIMFLEX sleeping beauty

ismadi

96 posts

Posted by ismadi > 5 days ago | Report Abuse

bawang selling aimflex

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