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.

Posted by Eagle77 > 2024-05-30 22:49 | Report Abuse

Abg will turn Minetech to Genetec ⬆️✅😎🤞

Posted by GloryMinetech > 2024-05-30 22:59 | Report Abuse

Abang Izzarim had brought a good team to revitalise Minetech. For someone of his stature, what is rm140million annual revenue? You can make that in crypto. Nowadays rm150 million revenue is small change. So, clean up the balance sheet and scour for massive project. Time will tell. My 2cent

Posted by Eagle77 > 2024-05-31 06:17 | Report Abuse

2.1 Trillion energy project investment in Bintulu, Sarawak …Abg Jo 💪 also Abg Izzarim 😎🤞💰⬆️✅

Posted by Moondate > 2024-05-31 08:14 | Report Abuse

By 9.00am today no more chip ticket for minetec...

Posted by moonslayer274 > 2024-05-31 08:38 | Report Abuse

The result is within expectation. The new team are not magicians or crystal ball gazers that can spin from a mantra phenomenal changes within hardly a year of taking over the helm of the company. The reality is this company hinges not on the Abang junior, but more so on the tenure of Abang senior heading the state Gomen. In all probability, Abang Senior will bag the throne for another 5 years to a decade if his life permits. So buying into this fire sale price of a company like Minetec should be viewed as a fix deposit whose interest rate is beyond what other rates in the world can offer, if you know what i mean. This company is just budding or sprouting, but its our expectations and greed that defeats us to appreciate the intrinsic future potential. If looking for fast pace movers, this is the wrong place to park your money.

Posted by youarewelcome88 > 2024-05-31 08:59 | Report Abuse

@moonslayer274... It is always good reading your posts. Good that you are back...

Posted by Eagle77 > 2024-05-31 09:03 | Report Abuse

Go go go Minetec ⬆️✅ break new high 0.25

Posted by chicken77 > 2024-05-31 09:05 | Report Abuse

all dreams broken and people keep telling themselves it's ok
this is sad. time to move on.

Posted by luckaje > 2024-05-31 09:06 | Report Abuse

good point @moonslayer274 and as we can see today nothing crazy in the movement. Shows that company is just steady and management doing what they know best operation wise. Not cooking the price on every announcement

Posted by gkungpat > 2024-05-31 09:14 | Report Abuse

🛎️🛎️🛎️⏰⏰⏰
Last call for selling ESOS..

Posted by Eagle77 > 2024-05-31 09:24 | Report Abuse

Anytime Abg will announce new projects 😎🤞✅

Posted by Eagle77 > 2024-05-31 09:40 | Report Abuse

Now June already so kick start to secure more projects ✅

Posted by WMY2188 > 2024-05-31 09:49 | Report Abuse

Jammm....

Posted by MarioBros > 2024-05-31 09:55 | Report Abuse

QR might be negative but I bet most of us didnt notice that Minetec record a profit in energy sectors. This is a great sign since Swak are focusing in green energy. Even the price drop, I will hold Minetec for long term. Only if Abg left I will sell my share here

Posted by Eagle77 > 2024-05-31 09:59 | Report Abuse

Sarawak secured USD 460 billion energy investment 😎🤞 by common sense Abg will invest some for Minetec ✅

Posted by IlmuKhodam > 2024-05-31 10:05 | Report Abuse

Kenyalang Smart City to accelerate Miri’s next development phase, says mayor
https://www.theborneopost.com/2024/05/29/kenyalang-smart-city-to-accelerate-miris-next-development-phase-says-mayor/
Time to go back Sarawak.

Posted by moonslayer274 > 2024-05-31 10:09 | Report Abuse

youarewelcome88
@moonslayer274... It is always good reading your posts. Good that you are back...

Bro., no point hanging out here too long. This Co, we buy and don't waste time monitoring. Well, no one look at their fix deposits only until they mature. Till then, come rain come shine, we are not bothered or least perturbed by daily noises. After all this is Sarawak fix deposit company, is it not! So back to doing those regularities in our daily life. See ya Bro. You take care, and wish you prosperity in your trades.

Posted by chicken77 > 2024-05-31 10:23 | Report Abuse

Before the quarter report,
you all said there is will be increase in both performance and price.

And now you all say wait for another quarter. ==
This has been repeated since last year

Come on, man up and admit your mistake.

Posted by chicken77 > 2024-05-31 10:23 | Report Abuse

Time is money, my friend. Dont cheating yourself.

Posted by IlmuKhodam > 2024-05-31 10:29 | Report Abuse

Real man dont admit mistake, we blame others.

Posted by Eagle77 > 2024-05-31 10:39 | Report Abuse

Abg just sitting for 5 months so relax la bro..the qr was very solid and more to come in future 😎⬆️✅

Posted by Eagle77 > 2024-05-31 10:40 | Report Abuse

There must be a few projects to be secured and announced soon 😎

Posted by Eagle77 > 2024-05-31 10:41 | Report Abuse

I believe mostly the renewable energy project to be secured ✅

Posted by Eagle77 > 2024-05-31 10:50 | Report Abuse

This qr we all can see the renewable energy segment contributing 1.78 million revenue ✅ sure Abg already have plans to expand their energy investment 😎✅🤞

Posted by Eagle77 > 2024-05-31 10:52 | Report Abuse

I’m assuming more renewable energy especially from Sarawak will be secured by Minetec ✅

Posted by Eagle77 > 2024-05-31 11:18 | Report Abuse

Operator is collecting cheap tickets now before they push to higher prices ✅

Posted by yongyong88 > 2024-05-31 11:27 | Report Abuse

Still a loss company when everybody expecting profit! Price shot up from 0.04 to 0.22 on high expectation of new Chairman but not much have changed. Expect price to go back slowly and steadily to 0.04.. It is so difficult to sell at a cheap price of 0.135 past few days and some dreamers still think operators are buying instead of selling to dreamers

Posted by youarewelcome88 > 2024-05-31 12:07 | Report Abuse

@moonslayer274... Minetec is Sarawak's Fixed Deposit... Perfect comparison. It just need a little more time to bloom. Let's not rush it...

Posted by LY Hoh > 2024-05-31 12:27 | Report Abuse

@moonslayer274 @youarewelcome88 You points descripted very good, rather than many useless point everyday came out.

Posted by chicken77 > 2024-05-31 12:39 | Report Abuse

GDB is a better choice.

Posted by Macgyver111 > 2024-05-31 12:41 | Report Abuse

Eagle 77
You're very optimistic...I like you spirit. Hopefully Abg won't disappoint us.

Posted by mistaFAD > 2024-05-31 12:50 | Report Abuse

Suspen for evening session..we want news we want news !!

Posted by Moondate > 2024-05-31 14:40 | Report Abuse

not today bro...

Posted by Eagle77 > 2024-05-31 14:44 | Report Abuse

I’m the fighter of Minetech 😎⬆️✅💪💥

Posted by vellfire14 > 2024-05-31 15:01 | Report Abuse

sudah masuk lobang.

Posted by IlmuKhodam > 2024-05-31 15:03 | Report Abuse

Support gone. Fast cut lost.

Posted by wolfofbursa1 > 2024-05-31 15:11 | Report Abuse

Run before too late

Posted by RGBeric > 2024-05-31 15:13 | Report Abuse

wah lost making!

Posted by Eagle77 > 2024-05-31 15:16 | Report Abuse

I’m still here to fight 😎💪✅

Posted by IlmuKhodam > 2024-05-31 15:16 | Report Abuse

@Eagle together sell and buy back at 10 cent.

Posted by Eagle77 > 2024-05-31 15:24 | Report Abuse

Everyone already frustrated with Abg and selling off their shares ⬇️🩸

Posted by Apple2353 > 2024-05-31 15:29 | Report Abuse

So fast give up ar ? thought you sungguh support your abang

Posted by Eagle77 > 2024-05-31 15:31 | Report Abuse

I’m still here just commenting about other who are so fast frustrated with Abg la…

Posted by IlmuKhodam > 2024-05-31 15:32 | Report Abuse

We support Abang. But since others want to sell to you cheap, of course we buy cheap.
Not many know how to read report. They just see final figures.

Posted by Eagle77 > 2024-05-31 15:34 | Report Abuse

I BELIEVE MINETECH WILL VENTURING INTO DATA CENTER SPACE JUST LIKE YTL & MAHSING 😎✅

Posted by Eagle77 > 2024-05-31 15:39 | Report Abuse

I’m collecting cheap tickets now 😎✅