Hold on guys. They are into booming business i.e. ATE and equipment with the likes of Vitrox, Pentamaster, Greatech, Genetech, ATA IMS, Qes. Business distruptions due to Covid and 60% workforce capacity are temporary. See the Q4 2020 results you will know how much they can achieve when those distruptions are gone
Increased of Administrative expenses is probably because of the covid test needed and vaccination (not sure is free or have to pay for it), may increase further in future since government is implementing all company have to go through RTK test for every two weeks.
RTK test kit not cheap. If your factory head count numbers are 2000 -3000 employees. Your cost is exorbitant and added on every 2 weeks .a RTK { saliva kit }cost between $30 -36 per set. If positive a second test at a private hospital will add on another $135 - 150 per test { excluding the close contact lock down }
There's money if they give ESOS to directors as they know more internally. No company can spite their ppl by giving waste paper. Unless there's something funny happening, the sun will shine soon going by their past record. Istone had never fail me.
Long term, how is long term measure. 2 yeara or 4 years or no sell. When it reach its targer say, 1.00, someone say mus keep long term. Thats is where the knife comes in. Peoples must remember Top Gllove when it reach 28.50, there is people say long term, finally BI then come down to4.00
Honestly, whats the background of Ms Emma ? She's part of the ADAP Capital Sdn Bhd (Belongs to Awang Daud) & currently also hold 6mil no. of shares in Minetech, does she really have the capabilities or qualification being a Deputy MD disregarding her age ?
She have a background in Finance same as the newly appointed Executive Director, Mr Lo Ling which also came from ADAP Capital Sdn Bhd. While it may seems the justification for the appointment for both of this directors is due to the long partnership and synergy built but what worries me is that is Awang Daud appointing them for the benefit of the company or the benefit for themselves ?
I believed that Awang Daud truly possessed the capabilities and knowledge in different field but whether is he doing it for the company still remain questionable as we had saw SERBADK had a long history of doing multiple PP and recently Minetech is going for Right Issues. The recent SERBADK issues will also have a big impact as well share price wise.
Serbak was a painful lesson for alot of investor. Previously touted as a gem by the investment houses based on their EPS, growth potential, geographical spread and management expertise & entrepreneurship. Suddenly their script changed the whole lots of counters associated with Serba, Kpower, Scib based on their main shareholders.
NEW ORDER SECURED a new order for automated test machine .The new secured order is from a new customer who is involved in the electronic components for the automotive industry.
Description of Options under the ESOS Date of offer of the options : 1 September 2021 Exercise price of options offered : RM0.1755 Market price of the Company's security on the date of the offer : RM0.175 Number of options or shares offered to each director :
Group Managing Director:- : Tee Sook Sing : 395,000
Executive Director:- : Lo Ling : 220,000 Emma Yazmeen Yip Binti Mohd Jeffrey Yip : 330,000
Number of options or shares offered to each director in the subsidiaries or related party : Hing Fook Sern : 517,000 Ong Soo Lid : 517,000
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....
makelittlemoney
213 posts
Posted by makelittlemoney > 2021-08-25 14:28 | Report Abuse
change to M director.. straight GG