The next quarterly report's results, whether they're good or bad, won't really change things much for Minetec. It's important to look at the bigger picture, not just one report. Abang just became the boss of MINETEC last month. There's not much anyone can do in just one month to make the next report look great.
We should really be paying attention to what's happening in Sarawak. Minetec is going to do well because of these changes. The old days under Taib are done, and now it's Abang Jo's time. It's smart to invest in companies that will grow with Abang Jo's plans. That's the way to go.
Just a reminder, last month MINETEC got a huge contract extension worth RM250 million, which is as big as its entire market value. And that's just for the engineering part of their business.
I think MINETEC will get even more projects soon, especially with the Sarawak Renewable Energy plan coming up.
I'm not the best at understanding charts and predicting short-term price movements. I'm not sure about the best times to buy or sell. Is 0.165 the lowest point? I really can't say. It could be, or maybe not.
However, I really think MINETEC is changing for the better in 2024. Just look at the huge contract they just landed—it's as big as the company's whole market value! They've never managed to secure a deal this large before. So, I believe this marks the start of a major positive change for MINETEC.
Datot20 agrreed, this coming QR is for the financial year ending Dec2023. Not yet included new chairman/team financial projects because they entered Jan24. Lets clear the previous financial reports , red or green its not impact the new team future plan under new chairman
Frankly speaking…how long Abg will stay in Minetec??? nobody knows right??? Scib Abg only stayed for 6 months and resigned that’s the scenario…top people always changing we don’t know their plans so be ready in whatever circumstances….
No one can say for sure how long Abang will stay in MINETEC. He's the majority shareholder now, meaning he owns the company. If he decides to leave, someone else would have to buy from him.
But, I don't think Abang is foolish enough to take over as majority shareholder only to leave after six months. If he wanted short-term gains, he wouldn't need to become a majority shareholder; he could trade in other stocks for quicker profits.
Abang's position in MINETEC indicates his commitment to the long term and his intention to benefit from the SARAWAK Abang Jo era. That's my perspective.
Does anyone here know about charts? Maybe you can suggest others when to buy more shares? I think everyone here must be interested in this stock, or they wouldn't be on this forum.
One more thing have to put into attention guys…nowadays modus operandi of cunning operators/manipulators are extremely dangerous and they are targeting stocks below 0.50 to manipulate just like what happened recently…so at first I’m also so confident but when this fatal cunning market manipulation happened I don’t want to promote as before because I knew the real market scenario nowadays guys 😎✌️ Again do your own research on everything you going to invest or investing ✌️
I think results is discounted, whether good or bad wont hv much impact. If bad, price goes down can buy cheap and hold for 1 year. We want to see what the new management can do for future projects and earnings.
Big ship need time to turn, even with new captain and crew. The next few Qtr eps has no relevance. You think Abang take over so that he can make quick money in 6 months? At 40+ yo, this is his 1st foray as captain of his own ship, he got muka to jaga and point to prove. Plus backing from navy Grand Admiral, his daddy. Just imagine if he fail at minetch, he cannot show his face.
You think 18c is the best it will do once the fruits start coming in? Problem is how many of us have the patience, to hold while seeing other counter (like YTL or even Mtec) move up n up? Those who can buy and hold, really have advantage.The potential upside is vast vs potential downside. In 1-2 years we will see the seed grow. In the meantime, let the traders make a few sen here, lose a few sen there and some of them they brag about their 'success' and how smart they are.
DatoT20, I do think when Abng Izzarin go to SCIB, his intention was to take the company but maybe it not goes well and he choose minetec instead. With the Taib era have gone, its time for new era and the way I see it, Minetec will have huge benefit from it. Price drop, buy more for investment. After a year who know we can be millionaire if Minetec can do like CMSB
You never know when the operators will push this stock. Good fundamental with strong leadership. Anything can happen anytime. Just hold for 1 year n wait n see
Yes, you're correct. When Abang joined SCIB, his aim was to eventually take over the company. However, because SCIB and his vision didn't align, he left.
Abang then chose to get involved with MINETEC, acquiring a majority stake and negotiating with the previous owner to step down. The ESOS you saw earlier was part of this agreement.
Now that Abang has secured his position, all that's left is to wait for more projects to come to MINETEC.
Sarawak's energy sector is experiencing significant development. MINETEC currently holds a market cap of 300 million. Just last month, they secured a contract worth 250 million, equivalent to the entire market cap.
Imagine the impact if Abang secures a billion-dollar project for MINETEC in Sarawak. The company's topline and earnings could skyrocket.
That's the challenge with timing. No one knows when the operator will decide to push the price. Even if you manage to catch a bottom or top once or twice, it's largely luck. The real issue arises when the share price starts moving significantly, and you end up missing out.
In cases like this, it's often best to hold and refrain from taking action. If the price declines, you can consider buying more. If you don't have the funds to buy, just wait patiently.
Investing in SARAWAK-themed companies is clearly promising. Just like in Johor where you have stocks like YTL, IWCITY, UEM, and others related to property due to the rapid development in Johor City.
However, in Sarawak, there aren't many companies directly linked to the region, except for those from the ex-TAIB era. One notable exception is MINETEC, given that Abang Jo's son is the owner. Another one is KKB, well-known as a GPS-related counter.
The majority of other stocks are heavily associated with TAIB or the Karim scammer, making them less attractive for investment.
In his recent interview, Abang mentioned that he had given himself a six-month probation period to implement changes, introduce new ideas, and adopt innovative approaches for the benefit of SCIB. However, due to differences in business direction and visions between SCIB and Abang, he decided to step down.
Regarding MINETEC, Abang stated that he is focusing on telecommunications and digital infrastructure projects. Once a collaboration or deal is finalized, he will announce it on BURSA.
you can refer to his interview with STARBIZWEEK 27 January 2024
I would like to flashback how SCIB started rise from 0.14 to 0.28 to 0.40 when news about Abg Izzarim joined the BOD as chairman…almost everyday up 1,2 cents without fail even though many naysayers shouting down, talking negative about the stock but its rising non stop till 1.20 that what we called being manipulated by operators ok…
Minetec rose from 0.035 to 0.245 without good news so who run it of course hidden operators by using Abg as news..similar like SCIB before…that’s the reality scenario..
My observation is that YTL/YTLP also now run by the big operators using a lot of news to attract buyers but remember it will plunge when they (manipulator operators) achieved their target share will ⬇️⬇️⬇️🩸🩸🩸☠️
There are operator here disguise as trader and promote or cause chaos in forum to trap retailer. Just follow your trading plan. If you guys think this stock can go higher, dont listen to cheap talk here
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....
chicken77
71 posts
Posted by chicken77 > 2024-02-27 10:33 | Report Abuse
Somehow i think Eagle77 is pro.
He successfully predicted the up and down of Minetec.