Posted by IlmuKhodam > 2024-05-30 10:40 | Report Abuse

Only poor people cut lost. If you believe in its fundamental, rich will wallap more when price down.
i bought more bplant when oil palm price was down. I bought more top glove when price... oh wait.

Posted by hcthey > 2024-05-30 11:25 | Report Abuse

I agree with the ideology of Ilmukhodam, If you are confident in its fundamental of the counter , price drops more you buy more is the right strategy. This counter has not been in its uptrend before, if the financial statement is in GREEN, I belief that this counter will immediately converted into a superb express train and will run on its single track with 200miles per hour north wards. hopefully the reports will be out in late afternoon today.

Posted by Opportunity88 > 2024-05-30 11:29 | Report Abuse

Today the qr will be out. Hopefully something green will pop up

Posted by chicken77 > 2024-05-30 12:05 | Report Abuse

I re-enter minetec as a support to eagle77. Any small up I will be happy

Posted by Moondate > 2024-05-30 12:15 | Report Abuse

wait punya wait QR not release until next week...semua kna game hahaha

Posted by RandomInvestor > 2024-05-30 14:42 | Report Abuse

Congrats buyers!!

Posted by DatoT20 > 2024-05-30 15:05 | Report Abuse

Buy now

Posted by Salahuddin Ahmad > 2024-05-30 15:23 | Report Abuse

Yahoooo

Posted by Eagle77 > 2024-05-30 15:42 | Report Abuse

Last calling ✅

Posted by Eagle77 > 2024-05-30 16:07 | Report Abuse

Everyone is watching and waiting ✅

Posted by mistaFAD > 2024-05-30 16:08 | Report Abuse

@datoT20 ada apa2 kaa?kalau padi katakan padi dato :)))

Posted by vellfire14 > 2024-05-30 16:16 | Report Abuse

kalau cantek result sudah terbang already before this afternnon.

Posted by gkungpat > 2024-05-30 16:20 | Report Abuse

Mind game

Posted by hcthey > 2024-05-30 16:30 | Report Abuse

kalau cantek, siang siang sudah keluar, hingga sekarang, bayangnya tak nampak lagi, saya rasa keputusannya agak sangat sangat HODOH lah. sedeh hati.😪😪😪😪😪

Posted by Opportunity88 > 2024-05-30 16:38 | Report Abuse

Finally is coming

Posted by Moondate > 2024-05-30 16:40 | Report Abuse

lemamg merah sebatang dia bagi hahaha

Posted by luckaje > 2024-05-30 17:30 | Report Abuse

got spike abit around 4:19pm hehe...ini kalilah QR!

Posted by NRahmat > 2024-05-30 18:38 | Report Abuse

Haha.. abg jadi chairman terus hancur company

Posted by chicken77 > 2024-05-30 18:40 | Report Abuse

Incapable

Posted by Osman65 > 2024-05-30 18:41 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3452441

Posted by wolfofbursa1 > 2024-05-30 18:44 | Report Abuse

Told u all bad qr u all don’t believe me now all kena by abang

Posted by Eagle77 > 2024-05-30 18:51 | Report Abuse

Read and understand the report properly laa guys is increasing in gross profit and revenue ⬆️✅😎

Posted by RandomInvestor > 2024-05-30 18:58 | Report Abuse

KUALA LUMPUR, 30 MAY 2024 – Minetech Resources Berhad ("Minetech" or the "Company"), is pleased to report a solid set of financial performance for the fourth quarter ended 31 March 2024 (“Q4 FY2024”). Despite a challenging market environment, Minetech achieved a revenue of RM33.47 million for the quarter, reflecting the Company's resilience and operational strength. The Company recorded a gross profit of RM3.62 million in Q4 FY2024, an improvement from RM3.40 million in the corresponding quarter of the previous year (“Q4 FY2023”).

For Q4 FY2024, both Civil Engineering division and Bituminous Products see a slight decrease of revenue to RM23.01 million and RM7.6 million respectively. However, the Energy segment, representing Minetech’s venture into renewable energy, contributed RM1.78 million in revenue for Q4 FY2024, marking a successful entry into the renewable energy sector.

For the financial year ended 31 March 2024 (“FY2024”), Minetech reported a revenue of RM128.14 million, an increase from RM123.77 million in the previous year. The gross profit for the year was RM14.97 million, up from RM13.42 million in the previous year. The Company recorded a loss before tax of RM6.85 million, an improvement from the RM7.92 million loss in the previous financial year. The net loss for the financial year was RM8.82 million, a notable improvement from the net loss of RM11.87 million in the previous year. This improvement is primarily attributed to enhanced operational efficiencies, stringent cost management practices, and strategic project completions that reduced overall expenditure. The Company also benefited from increased contributions from the Energy segment, which helped offset declines in other areas.

A significant highlight for Minetech Construction Sdn. Bhd. (“MCSB”), a wholly-owned subsidiary, is the renewal of a substantial contract with Able Return Sdn. Bhd. and Damar Consolidated Exploration Sdn. Bhd. for the Selinsing Gold Mine Project, valued at approximately RM230.0 million. This renewal, effective from 1 January 2024 to 31 December 2026, signifies an increase in production volume and contract value, reflecting the expanded mining area and operational scope. This contract sets a positive trajectory for Minetech's future projects and reinforces the Company’s capability and commitment to growth.

Posted by Eagle77 > 2024-05-30 19:00 | Report Abuse

Abg management very solid 😎💪⬆️✅

Posted by Eagle77 > 2024-05-30 19:00 | Report Abuse

Tomorrow LU⬆️✅😎

Posted by RandomInvestor > 2024-05-30 19:28 | Report Abuse

summary

-The Company recorded a gross profit of RM3.62 million in Q4 FY2024, an improvement from RM3.40 million in the corresponding quarter of the previous year (“Q4 FY2023”).

-Civil Engineering division and Bituminous Products see a slight decrease of revenue to RM23.01 million and RM7.6 million respectively

-renewable energy, contributed RM1.78 million in revenue for Q4 FY2024 (New business)

-revenue of RM128.14 million, an increase from RM123.77 million in the previous year

-gross profit for the year was RM14.97 million, up from RM13.42 million in the previous year.

- net loss for the financial year was RM8.82 million, a notable improvement from the net loss of RM11.87 million in the previous year.

-Contract: Selinsing Gold Mine Project, valued at approximately RM230.0 million. Effective from 1 January 2024 to 31 December 2026.

Posted by Opportunity88 > 2024-05-30 19:38 | Report Abuse

Patiently awaiting for August Q1 results. Hopefully between this 3 month company can get new project which will help increase the profit

Posted by Eagle77 > 2024-05-30 19:39 | Report Abuse

YoY = 16.45% ⬆️✅

Posted by chicken77 > 2024-05-30 19:55 | Report Abuse

Now all my money inside minetec pa. What a terrible decision

Posted by mistaFAD > 2024-05-30 20:00 | Report Abuse

Okay👌 ni look green sure got panic selling morning then pick up at noon…or we go to the moon

Posted by GloryMinetech > 2024-05-30 20:12 | Report Abuse

Page 9 of 13 Quarterly Report

The group recorded a loss before tax of rm6.57million as compared to profit before tax of rm0.05million recorded in the immediate preceding quarter, mainly due to Impairment exercises made. The Group recorded a positive adjusted EBITDA of rm1.14million for the quarter.

IMHO, it is a good exercise to clean out the impairment from Account Receiveable.

Posted by Eagle77 > 2024-05-30 20:26 | Report Abuse

No more cheap Minetec after tonight guys ⬆️✅😎

Posted by RandomInvestor > 2024-05-30 20:29 | Report Abuse

dont lehh i need to pick up more, hope fall first i still mobilizing money to acct

Posted by hcthey > 2024-05-30 21:25 | Report Abuse

More buyers will be seen in queue tomorrow. The results are not so bad. it will be back in profit soon.

Posted by IlmuKhodam > 2024-05-30 21:34 | Report Abuse

Emma proven her ability.

Posted by Salahuddin Ahmad > 2024-05-30 21:41 | Report Abuse

Esok 🚀🚀🚀🚀

Posted by Salahuddin Ahmad > 2024-05-30 21:42 | Report Abuse

KUALA LUMPUR: Minetech Resources Bhd narrowed its losses in the financial year ended March 31, 2024 (FY24) to RM7 million from RM10.59 million in the previous year.

The company said the smaller loss was due to enhanced operational efficiencies, stringent cost management practices, and strategic project completions that reduced overall expenditure.

The company also benefited from increased contributions from the energy segment, which helped offset declines in other areas.

Group revenue for FY24 rose to RM128.14 million versus RM123.77 million a year ago.

For the fourth quarter, the company narrowed its net loss to RM5.9 million versus RM7.47 million net loss a year ago.

Its revenue for the quarter under review slightly dropped to RM33.47 milliom from RM36.44 million in the same period last year.

Both its civil engineering division and bituminous products saw a slight decrease of revenue to RM23.01 million and RM7.6 million respectively.

However, the energy segment, representing Minetech's venture into renewable energy, contributed RM1.78 million in revenue for the quarter, marking a successful entry into the renewable energy sector.

"While the quarter presented several challenges, our strategic direction and adaptability have proven effective. The contract renewal for the Selinsing gold mine project is a testament to our capabilities and commitment to growth.

"We remain focused on driving sustainable value for our stakeholders as we navigate the evolving market landscape," said Minetech executive chairman Abang Abdillah Izzarim.

Posted by Eagle77 > 2024-05-30 21:55 | Report Abuse

However, the Energy segment, representing Minetech’s venture into renewable energy, contributed RM1.78 million in revenue for Q4 FY2024, marking a successful entry into the renewable energy sector.

# Here we noticed the energy segment contributed 1.78 millions of revenue meaning that Abg will expand more investment in renewable energy in West Malaysia and very soon in Borneo as Sarawak is the hub of energy in South East Asia ⬆️✅😎🤞

Posted by Eagle77 > 2024-05-30 22:00 | Report Abuse

I’m believing and confident that Abg will explore and invest in Sarawak especially in renewable energy ✅

Posted by Eagle77 > 2024-05-30 22:09 | Report Abuse

Premier: Sarawak New Energy Hub in Bintulu to attract US$460 bln (RM 2,157 billion) investments, spending in state’s economy

https://www.theborneopost.com/2024/05/23/premier-sarawak-new-energy-hub-in-bintulu-to-attract-us460-bln-investments-spending-for-states-economy/

Posted by RandomInvestor > 2024-05-30 22:10 | Report Abuse

Wait pls i not yet done collect

Posted by GloryMinetech > 2024-05-30 22:11 | Report Abuse

IMO, Minetech is on the right path to clean up the balance sheet. A good mgmt will always look at impairment to sort out the company. Just look at what Armada did. It may be another 2 quarters b4 we see a healthy n consistent result. Couple with new projects then the company is on the road to regular profit. No point having new project now when balance sheet is not clean up. My 2cent

Posted by Eagle77 > 2024-05-30 22:12 | Report Abuse

Minetech thru Abg Izzarim just take a small portion of 2,157 billion of the renewable energy from Sarawak already more than enough to push price of shares above 1.00 ✅😎🤞

Posted by Eagle77 > 2024-05-30 22:18 | Report Abuse

U all must know who is Abg ok! Who is he? His background and family u all must know ok..He is the brilliant Sarawakian son of Premier Sarawak Abg Jo 💪💪⬆️✅😎

Posted by Eagle77 > 2024-05-30 22:23 | Report Abuse

Abg Jo is promoting and attracting big investors throughout the world to invest in Sarawak especially for renewable energy projects 😎🤞💥⬆️✅

So Minetech is doing very well in renewable energy nowadays 😎✅

Posted by Eagle77 > 2024-05-30 22:30 | Report Abuse

Just imagine if Minetech could take 5 billions project out of 2,157 billions from Sarawak 😎🤞💥✅⬆️ 💰💰💰

Posted by GloryMinetech > 2024-05-30 22:32 | Report Abuse

Page 9 of 13 Quarterly Report under Services

"The operating loss is due to ONE-OFF recognition of impairment loss on trade receivables."

Else the company operation will be making profit. Hopefully this is the last of impairment.

But what is more significant is the drop in Account Payable simultaneously from rm 53.6 millions to rm26.7 millions.

Posted by Eagle77 > 2024-05-30 22:32 | Report Abuse

One day in future Minetech will become like YTL POWER guys 😎🤞

Posted by GloryMinetech > 2024-05-30 22:35 | Report Abuse

Whoever run the finance department must give thumbs up

Posted by IlmuKhodam > 2024-05-30 22:41 | Report Abuse

Abang want abang to clean up the account and prove himself before abang can give abang state project.