Even MLFF project with cost of 3.46 billions also has to be reviewed and MOF/MOT is working on the lowest bidder to be awarded thru RFP by end December 2024 to save cost and this similar to what the Madani did for NIISe ✅
Theta is a tale of 2 cities...if you see chart and volume, it aint scary - even if it breaks there're multiple support points. If you see fundamentals, well, it's very the scared, you need to have "vision"...
By fundamentals I mean when u see that last quarter revenue is only 16.5M with a net loss of 2.9M...when you realise that the company has no assets and free cash of only 24M...when u understand that Jendala project is ending, and the only project is the 700M MPAJ contract which no one knows what they mean by opex or 20-30 years or whatever...and then u look at the share price trading at 4X NAV when there's no NAV, not scared? 🤣
Then you look at the management and the key personnel representing their current setup and capabilities. Then you think of how IRIS failed spectacularly despite being given the 1.12B contract, which Theta will do for 0.8B.
becoz of that vision la we bought heavy months ago.. well below $2. At current price if you want to enter, i olso scared ler. . but if u believe, then this month pray for the Anthony loke good announcement..
The implementation of JENDELA will be carried out in two phases, namely Phase 1 (from 2020 – 2022) and Phase 2 (from 2022 – 2025). Provision of this infrastructure focuses on increased connectivity and high-quality communication services for users overall.✅
Finance Minister Tengku Zafrul said JENDELA Phase 2 will involve an investment of RM8 billion which include funds from the industry players. JENDELA Phase 2 is aimed at improving connectivity with 100% population coverage and to increase fiber broadband access to 9 million fibre passed premises by 2025.
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Eagle77
6,357 posts
Posted by Eagle77 > 1 month ago | Report Abuse
NIISe Bidders;
1. Theta = 800 millions ✅
2. Dnex = 1,100 millions ✅
# Theta cheaper 300 millions ✅