Posted by diamond99 > 2021-02-24 18:09 | Report Abuse

QR out. Small profit rm232k. Better than red la

Posted by Valgrovest > 2021-02-24 20:56 | Report Abuse

i like Bawang's statement. Seems quite comforting. Hope share price will go north from now on .

Please have a read of the attached:

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=112016&name=EA_GA_ATTACHMENTS

Posted by gelong > 2021-02-24 21:46 | Report Abuse

Untung besaq..limit app

Posted by peterchua > 2021-02-24 22:10 | Report Abuse

Commendable result, disebabkan MCO. Small profit is still a profit.

The press release is quite interesting:

1. Promote Bawang past and present achievement, after taking over the management. IMO, should elaborate more on how much revenue from current project, how much remaining orderbook, and management initiative to secure more construction contracts.
2. Put a big picture of bawang...hahaha, this is quite funny as it is 1st time to see this. better put the handsome face in annual report la.
3. There is a forward looking statement about diversifying into fintech business. This is great but bawang should be more careful releasing sensitive information, as the news only published in newspaper but not officially announced to Bursa

Posted by Ron90 > 2021-02-25 01:53 | Report Abuse

less than a year..transformation alread bear some fruits.. more to come from bawang, nx week would be the jv announcement. ..maybe with mpay.

Posted by GoldenHarvest1 > 2021-02-25 04:04 | Report Abuse

got big money kambing aah

Posted by strattegist > 2021-02-25 09:33 |

Post removed.Why?

Posted by gelong > 2021-02-25 10:18 | Report Abuse

Lombong mari...

Posted by gelong > 2021-02-25 11:03 | Report Abuse

Mare mare mare....wang mas

Posted by strattegist > 2021-02-25 11:40 | Report Abuse

hohoho

Posted by gelong > 2021-02-25 12:29 | Report Abuse

Berada di awang awang....cepat tangkap.

Posted by Valgrovest > 2021-02-25 12:49 | Report Abuse

Latest results very good and Bawang's statement so positive...but share price not moving. Need Bawang to walk the talk and eat up all the sellers !!

Posted by apprentice87 > 2021-02-25 15:25 | Report Abuse

lambat liao kaunter ni. banyak seller main2 . market depth pun tebal.

Posted by Michael R. > 2021-02-25 16:42 | Report Abuse

Gogogo.. MPAY bullish... financier for MINETEC!!!!

Posted by strattegist > 2021-02-25 16:47 | Report Abuse

hohoho

Posted by strattegist > 2021-02-25 17:22 | Report Abuse

closed flat

Posted by 156563 > 2021-02-25 17:54 | Report Abuse

收票吧，业绩好不一定会立即上升，耐心下等吧，

大鱼收票夠了就大力推上了

Posted by Legend > 2021-02-25 21:36 |

Post removed.Why?

Posted by apprentice87 > 2021-02-26 09:08 | Report Abuse

Legend. Serupa macam makan gaji wor

Posted by Uncle_market > 2021-02-26 09:41 | Report Abuse

Kopi panas satu

Posted by strattegist > 2021-02-26 09:55 | Report Abuse

hohoho

Posted by strattegist > 2021-02-26 17:22 | Report Abuse

closed flat

Posted by 156563 > 2021-03-01 00:16 | Report Abuse

要来了，存票

Posted by strattegist > 2021-03-01 09:36 | Report Abuse

hohoho

Posted by Gerard Lam > 2021-03-01 13:51 | Report Abuse

Minetech Resources Berhad, a company closedly linked with Serba Dinamik's director, Datuk Awang bin Putera, has seen its price rose to all time high last July-August at RM0.355, before correcting at current levels at RM0.19.

The company had recently announced its 3rd quarter results that reflected a turnaround into a commendable profit of RM0.238mil.

Outlook:

Datuk Awang stated in the quarter results release that he is confident that Minetech will be able to record growth in leaps and bounds in the immediate future:

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3132066

Why is this so? It could be due to his confidence in Minetech's fintech venture and disposal of quarry segment business:

Fintech venture:

- Datuk Awang in his announcement to Bursa Malaysia mentioned that Minetech is in the process of acquiring a local fintech technology solutions company that specialises in a suit of payment solutions that has strong networks with two local banks.

- Datuk Awang currently sits on board of Orpheus Capital, a local fintech invoice and payment solutions company. Based on channel checks, the company is poised for enormous growth due to its potential in a proxy for digital banking.

- Valuation of this fintech company could fetch Minetech at least RM50-RM60mil annual profit per annum.

Disposal of loss making quarry segment:

- Based on the latest annual report, all quarry segment has been classified as discontinued operations and assets held for sale. This means that the quarry segment shall be disposed off by Q4 (Year end).

- On disposal, Minetech will no longer take into account losses from quarry segment and potentially recognise a one off gain on disposal.

Bitumen segment:

- Minetech's bitumen segment is in line with the recovery of Malaysia's economy.

- Bitumen prices has sky rocketed inline with global oil prices recovery.

- Note that Minetech is the only listed bitumen supplier that exports overseas.

- 3rd quarter results showed that Bitumen segment recorded a 77% rise quarter on quarter

Solar segment:

- Minetech's maiden venture into solar is expected to begin contributing to profits in the next quarter

Overall:

Based on potential Fintech venture alone, Minetech could be potentially worth RM0.65

Fintech venture = RM50mil profit / 1,165mil shares = RM0.043 (EPS)

At 15 PE = RM0.65

This is excluding profits from existing segments - Civil Engineering, Bitumen and Solar.

Posted by Gerard Lam > 2021-03-01 13:52 | Report Abuse

https://klse.i3investor.com/blogs/GLam/2021-03-01-story-h1541949138-Minetec_Potential_DNex_like_turnaround.jsp

Posted by strattegist > 2021-03-01 15:32 | Report Abuse

bawang oooo bawang

Posted by bleuerouge > 2021-03-01 17:09 | Report Abuse

joined in, lets wait for rebounce

Posted by Ron90 > 2021-03-01 17:18 | Report Abuse

buy la ..this week sure meletop after JV announcement

Posted by strattegist > 2021-03-01 17:26 | Report Abuse

hohoho

Posted by fixul19 > 2021-03-01 17:30 | Report Abuse

minetech jv with uniqa?

Posted by Michael R. > 2021-03-01 18:14 | Report Abuse

staging again for bullrun..

Posted by Gerard Lam > 2021-03-01 18:29 | Report Abuse

Uniqa is a global fintec company with presence across ASEAN nations and China.

They could be in for applying Digital Bank license with one of their China bank partner.

If Digital bank is successful, their value should sky rocket

Posted by bleuerouge > 2021-03-01 20:14 | Report Abuse

60% in Uniqa, minetec shall fly soon

Posted by Uncle_market > 2021-03-01 20:27 | Report Abuse

Really? Thats good

Posted by 156563 > 2021-03-02 00:02 | Report Abuse

已經有鱼在收票了，大家注意下免的流失机会

Posted by Uncle_market > 2021-03-02 09:31 | Report Abuse

JV or acquired ?' I think its acquired

Posted by Uncle_market > 2021-03-02 09:32 | Report Abuse

Dato Awang can see the future that is the reason he shifting into fin-tech business. Bawang lai lo

Posted by Michael R. > 2021-03-02 10:00 | Report Abuse

GOGOGO MINETEC.... See EDEN powerplay on RE .. breaking high... MINETEC also on power theme... go for RE!!!!!

Posted by strattegist > 2021-03-02 10:17 | Report Abuse

hohoho

Posted by UnclePho > 2021-03-02 12:58 |

Post removed.Why?

Posted by UnclePho > 2021-03-02 13:05 |

Post removed.Why?

Posted by Ron90 > 2021-03-02 14:32 | Report Abuse

what would uniqa bring to minetech business??..i think they are tapping into its financial software expertise and of cause..its BNM liciense

Posted by Ron90 > 2021-03-02 15:24 | Report Abuse

time to fly..for sure..

Posted by Ron90 > 2021-03-02 15:25 | Report Abuse

together with Batu Stone..huhu

Posted by alkursi > 2021-03-02 15:51 | Report Abuse

huge potential ROI for this penny Minetech..

Posted by Legend > 2021-03-02 16:59 | Report Abuse

Makan burger...

Posted by Forcepre7238 > 2021-03-02 17:07 | Report Abuse

Tmr continue fly

Posted by bleuerouge > 2021-03-02 17:23 | Report Abuse

nice minetec, the flught has just taken off for a long ride north.

Posted by DickyMe > 2021-03-02 17:27 |

Post removed.Why?