Sarawak already a step ahead of federal government to invest in green energy or renewable energy so we hope from the support from the Madani Government will boost the business to the highest level and hoping MINETEC will take part in RE segment ⬆️✅💪💰💥
Sure Abg Jo will works together with his son who Exec Chairman of MINETEC to explore the biggest land in Malaysia, Borneo with various natural resources to expand their business and development for the state of Sarawak ⬆️✅💥💥💥🤞😁
Navigating inclusive energy transition “Prioritising a just transition involves creating green job opportunities, supporting affected workers and communities and ensuring that the benefits of renewable energy are accessible to all.“
MINETECH RESOURCES BERHAD Started as a drilling and blasting services in 1977. MINETECH is currently involved in various business segments, including civil engineering, bituminous products, renewable energy and financial technology.
Construction Civil, Building, and Mining construction services. Such as Building and infrastructure work for the development project. Blasting and Hauling for Mining.
Property MINETECH is committed to sustain the future living that improves the quality of life.
Renewable Energy One of the first floating solar systems in Malaysia on utilising flotation devices on a pond.
Manufacturing Production plant located in Batang Kali (Selangor) focusing on bituminous product manufacturing.
Financial Technology MINETECH reach into the financial technology industry. The fintech solutions which specialising in a suite of payment solutions used by local banks in Malaysia, focusing mainly on cross-border remittance payments.
Oil & Gas MINETECH continues to identify other business opportunities in the oil & gas industry via joint ventures, collaborations and/or key partnerships.
For keen market observers, Minetech Resources Bhd (7219) is definitely a stock to watch for the year 2024, as the stock had soared by 190% for the past year.
Notably, the company had seen an emergence of a new substantial shareholder, Encik Abang Abdillah Izzarim Bin Abang Abdul Rahman Zohari, which had acquired approximately 240 million shares of the company, amounting to a total 15.58% of the total number of shares.
Interestingly, a substantial shareholder of the company which had been “questioned” had exited his 245 million shares in the company. Effectively, Minetech is now in new ownership. For those who may not know, Abang Abdillah is the son of Sarawak Premier Tan Sri Abang Abdul Rahman Zohari Abang Openg or better known as Abang Jo, and effectively this week, Abang Abdillah is officially the Executive Chairman for Minetech.
What does this mean for Minetech?
Abang Abdillah is on the board for Berjaya Land Bhd (4219), as well as the previous Chairman for Sarawak Consolidated Industries Bhd (9237), which shows how far SCIB’s share price went after Abang Abdillah emerged as the board member.
For your information, Abang Abdillah did not acquire any shares of SCIB during his tenure. Perhaps this is something different for Minetech? And maybe, he might increase his stakes further?
Could this mean more upside for Minetech?
Based on the past track record of Abang Abdillah, this is highly plausible. With his strong connection over the Sarawak region, he should be able to bring great opportunities to Minetech in the future, in which the fundamentals of Minetech would be improved.
And with all the stars aligned now, would Minetech be the “starting point” of Abang Abdillah’s empire in the corporate world?
Imagine that when people realise this gem 💎 and switch all funds/shares into MINETEC then we all can see the stock going up wildly, fiercely and extremely furious 💥💥💥⬆️✅💰💰💰🤩🤞
minetec is ready with ABANG ZOHARI , MUT and SEB plans allow private players in floating solar projects or facilitating their net energy metering projects. MINETEC !!
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....
Eagle77
6,976 posts
Posted by Eagle77 > 2024-01-09 17:54 | Report Abuse
@Elaphe ….u r most welcome, we happily invest and make profits together 🙏⬆️✅💰🤞😁