wow, Mestron into Renewable Energy Segment (Bio Gas) , good move! This company's management is really capable in doing business, looking forward for the share price boosts . Well, no buy or sell suggestion, just my little opinion, it is time to add more, anyone in the same ship?
Mestron’s Managing Director, Mr Por Teong Eng, said: “Our renewable energy segment has has taken another leap forward with the effective date of the FiT took place. We anticipate this change to contribute an additional RM2 million to RM3 million annually to our Group’s bottom line for the next 21 years. Diversifying from our core manufacturing business allows us to generate additional income, solidifying our position in the market.”
Mestron is setting for RM2-3 million annual earnings surge and robust double-digit growth after obtains SEDA's FiT rate approval for Gua Musang biogas plant
Global direct consumption of biogas was around 35 Mtoe in 2018. It's projected production of biogas for direct consumption more than doubles, reaching around 75 Mtoe in 2040. Bright outlook for Mestron to get involved into Biogas business
This counter has improved a lot. Mestron has achieved a historical high in net profit in Q2. No need to mention that this RE venture will further increase its EPS in the future
Malaysia to set up National Energy Council, renewable energy exchange, says Rafizi https://theedgemalaysia.com/node/680545 Malaysia to set aside RM2b to fund marginally bankable energy projects, says PM https://theedgemalaysia.com/node/680539 This 2 news brings good impact towards Renewable Energy(RE). go go go mestron
Mestron anticipate this change to contribute an additional RM2 million to RM3 million annually to the company's bottom line for the next 21 years.
Mestron's net profit in FY22 stood at around RM10 million and with the FiT rate of 39.75 sen/kW, the biogas renewable energy business segment is poised to contribute approximately 20 to 30 per cent of the company's total income.
Renewable energy exchange is a bold move by the government, Malaysia will be the first & biggest RE hub in south east asia in near future. Good move by mestron in tapping into the RE scene
Give our PM a like to set up National Energy Council in Malaysia which will streamline the business of renewable energy. Mestron is riding on the prominent wave btw 😉
bursa is set to boost by next week given the formation of double bottom pattern in the index chart. this boost is driven by the NETR announced by PM today. Mestron will be the direct beneficiary of the sentiment. my conservative TP is RM0.70. mestron could go as higher as RM1 if market over reacting
constant uptrend consolidation, with close to 1bil no of shares, once it hits the full throttle, it can simply go up to RM1. im seeing a flipping on the monthly MACD above the zero level. usually when the situation happen to be like this, you wouldnt believe the capability of the price could shoot up. the plane is taxiing, n buckle up, we are taking off!
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Posted by JettLeong > 2023-08-17 10:27 | Report Abuse
Nice, breaking 45 cents after amazing Q2 result was out