Boilermech just gain a palm oil extraction technology from CSIRO using Megasonic. This technology will bring potential extra income for each oil palm milling plant around USD130k-260k per year on average. Some might be higher.
Proposed final single tier dividend of 1.75 sen per ordinary share of RM0.10 each amounting to RM9,030,000 in respect of the financial year ended 31 March 2015 subject to shareholders' approval at the forthcoming Annual General Meeting of the Company. The date of the dividend entitlement and date of payment will be determined at a later date.
After reading LC Chong article last 2 month and interest on this counter.... Ok i think now is an appropriate time for me to go in at this low point....
Boilermech is known as a growth stock that actively involve in providing solution for plantation company, mainly in boiler. Worth to take note, its major shareholder is QL Resources, a well managed company with proven track record. Current weak sentiment in CPO has given impact on Boilermech, but its growth should be able to continue in face pace once CPO price starts to recover. WIth the increasing of minimum labour salary, all the plantation companies will surely look for more effective equipments in order to stay cost competitive and Boilermech will surely become their option. Just my opinion.
Boilermech last 2 quarter down is with reason. They are running on full capacity.... so need to use money to buy land and build new factory at West Port. Also money use to buy and get license on new biomass technology sole license and patent. This quarter start to turn green at 3%, this will be the starting point they start to make use of the capital expenses and turn it to profit. Also this is QL boss baby, he is a very visionary man, I don't think it going to stay idle. I am lazy to write blog or article to explain the facts and figures.... hardworking investor u can go dig info yourself
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2959 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Icon8888
18,658 posts
Posted by Icon8888 > 2015-03-21 14:51 | Report Abuse
Ya, better look around to check out other chics