Posted by Kanenites > 2023-04-12 16:40 |

Post removed.Why?

Posted by Whiteevoque > 2023-04-12 22:02 | Report Abuse

https://www.theedgemarkets.com/node/663109

Will benefits new players in DC - MNHLDG and LYC!!

Posted by Whiteevoque > 2023-04-12 22:04 | Report Abuse

Today announcement mnh director did dbt to insti fund 2mil units. Similarly like LyC last week Kenanga investment fund bought 46mil units. Dont miss these 2 counters for DC booming in Malaysia!

Posted by Kanenites > 2023-04-13 11:06 | Report Abuse

waauuu

Posted by investorbat > 2023-04-13 11:38 | Report Abuse

good volume

Posted by BursaKakis > 2023-04-13 12:35 | Report Abuse

Telecommunications - the Rise of Data Centres in ASEAN
https://klse.i3investor.com/web/blog/detail/rhbinvest/2023-04-13-story-h-273387881-Telecommunications_the_Rise_of_Data_Centres_in_ASEAN

Posted by Kanenites > 2023-04-13 16:02 | Report Abuse

wauu megah holding

Posted by BursaKakis > 2023-04-13 16:44 | Report Abuse

Malaysia’s DC Landscape Continues To Grow With USD6 Billion Investment Recently Announced By AWS
https://www.businesstoday.com.my/2023/04/13/malaysias-dc-landscape-continues-to-grow-with-usd6-billion-recently-announced-by-aws/

Posted by BursaKakis > 2023-04-13 16:47 | Report Abuse

Malaysia To Witness DC Investments With Over 800 Megawatt Capacity In 5 years
https://www.businesstoday.com.my/2023/04/13/malaysia-to-witness-dc-investments-with-over-800-megawatt-capacity-in-5-years/

Posted by BursaKakis > 2023-04-13 16:49 | Report Abuse

Malaysia Seen As Emerging Data Centre Hub In Asia
https://www.businesstoday.com.my/2023/04/13/malaysia-seen-as-emerging-data-centre-hub-in-asia/

Posted by Whiteevoque > 2023-04-13 20:56 | Report Abuse

Wow another 4 mil units from the directors transferred to insti fund today. Rhb invest also picked mnhld as beneficiary from data centre booming in Malaysia

Posted by TCH1186 > 2023-04-14 01:28 | Report Abuse

taukey sudah cabut u all masih strong hebat

Posted by Kanenites > 3 hours ago | Report Abuse

wauuuu megah holding

Posted by Kanenites > 2023-04-17 11:07 | Report Abuse

waauuu

Posted by trader808 > 2023-04-17 21:25 | Report Abuse

The share price performance of MN over the past 3 weeks has been spectacular and commendable. The company has been listed for less than a year with IPO price at 21 sen. The shares initially fell to a low of 19.5 sen and recovered quickly above its offer price of 21sen and reached its peak at 40 sen.

2. Market chase up the share on the announcement of free warrant. After its 1 for 2 bonus issue of free warrants, the share price was adjusted to {(2x40)+20}/3 is 33sen.

3.Following its trip as a business delegates with PMX to china and successfully signed MOU with china base company to exploit the development and construction of data center in Malaysia, market again chased up the share price.

4. Two weeks ago it announced it had received a letter of award for 13.3 M from RSSB, market again chased up the share.

5 Today after market MN makes the announcement that it had secured a 2nd project as sub contractor for RSSB related to EPCC for natural gas distribution system for Proton. Market again chased up the price early morning to hit an intraday high of 37.5sen.
Unfortunately it lost its momentum and close at 36 sen flat over huge volumn traded.
It looks like the bull has over worked and somewhat overwhelmed with fatigue.

6 From hereon and going forward how does the share price perform we really do not know.

7. In anyway if you had acquire 200k shares at IPO price of 21 sen, you initial investment is RM42000. And after the bonus issue you would receive 100k free warrant. Basing on the today's closing price of 16 sen and 36 sen for warrant and mother share respectively, you investment value has ballooned and sky rocketed to
( 200000x0.36 ) + (100000 x0.16 )=88,000.
The return on investment is [ ( 88000 - 42000 )/42000 ] = 1.09 or 109%

8 In less than a year, the directors and the superb management team of MN have delivered impressively and double your money. The share price performance is remarkable and praise worthy.

9 Yet we have to be cautious. No matter how good a company may be its share price cannot go up indefinitely.
10. Are you satisfy with 109% return, and what would you do tomorrow?.
Happy Trading
17/4/23

Posted by Kanenites > 2023-04-20 11:01 | Report Abuse

wauuu

Posted by awesome20 > 2023-05-04 23:15 | Report Abuse

Target achieved

Posted by Kanenites > 2023-05-08 18:35 | Report Abuse

wauuuu

Posted by Yisogeorge > 2023-05-22 00:47 | Report Abuse

wauuuuu

Posted by BursaKakis > 2023-05-26 10:08 | Report Abuse

MN Holdings sees sustained growth momentum
https://www.thestar.com.my/business/business-news/2023/05/26/mn-holdings-sees-sustained-growth-momentum

Posted by TCH1186 > 2023-05-29 15:26 | Report Abuse

kids look will rebound soon. whoever got extra pocket may decide on yr own.

Posted by Kicapmanis > 2023-06-16 02:06 | Report Abuse

This company have potential?

Posted by Kanenites > 2023-06-16 16:17 | Report Abuse

waaauuuu

Posted by Yisogeorge > 5 hours ago | Report Abuse

wa a a u u u u u

Posted by BursaKakis > 2023-06-21 22:02 | Report Abuse

MN Holdings bags RM13.1mil ECRL contract
https://www.thestar.com.my/business/business-news/2023/06/30/mn-holdings-bags-rm131mil-ecrl-contract

Posted by TCH1186 > 2023-07-03 21:21 | Report Abuse

Good news, bad news, no news wont give positive impact yet today down some more with solid red. Goreng soon

Posted by trader808 > 2023-07-21 18:14 | Report Abuse

1.Today on 3rd July Proven venture declared that it has ceased to be a substantial shareholder of MN Holding. Previously, on 23/2/23 it acquired 12,250,000 share and increased its shareholdings to 20,920,000 shares and became a substantial shareholders with a 5.118% stake in MH Holding.

2. The shares were acquired probably at the peak of between 38 sen to 40 sen.

3. Hardly 5 months into its investment period and horizon it has begun to dispose small quantity even at a loss. This is puzzling.

4. What is the implication of this disposal action?
It demonstrated that the initial excitement of Proven venture over the MN counter is gone, its interest diminished its hope and dream and aspiration severely dampen.

5 We think share price will remain weak as long as PV continues in its course of action.
Happy trading
4/7/23

Posted by BursaKakis > 2023-07-06 14:20 | Report Abuse

MN Holdings unit secures underground utilities contract worth RM11.2 mil
https://theedgemalaysia.com/node/673800

Posted by kfliau > 2023-07-10 12:59 | Report Abuse

@trader808. Very strange indeed. Company keeps bagging awards but price keeps going down. Is the venture capital seeing something we don't?

Posted by trader808 > 2023-07-10 19:55 | Report Abuse

1.PV has 20.9m shares of which 12.5m were acquired via off market transaction quite recently probably at 38 sen. It has started selling and strangely even at a loss.

Until they stop disposing , I see little chance for MN to go up. As to the reasons why they sell, I really do not know. Maybe there is a serious fall out with management.

2. In addition, MN is trading at 29 sen and a 4-quarter running PE of 18..25x
Considering that Bursa PE is 12.5x, MN is therefore somewhat overvalue.

3. Hence, it is not going anywhere Consider it a blessing that it is not falling.
10/7/23

Posted by kfliau > 2023-07-21 17:06 | Report Abuse

@trader808 Thanks for the insight. I think PV probably sell out due to no development on the MOU signed with China party. Only consolation is major shareholders keeps accumulating

Posted by trader808 > 2023-07-11 08:18 | Report Abuse

They have court case involving Rm 1,051,012 according to its filings with Bursa yesterday.
11/7/23

Posted by kfliau > 2023-07-11 14:06 | Report Abuse

Yes. But MN Holdings is plaintiff so it's plus point

Posted by trader808 > 2023-07-12 09:00 | Report Abuse

1.Court case invites negative and unwanted publicity.

2. In general,any company would expect timely payment for work done and goods and services delivered. Cash sale is excellent and most preferred. 30 days term is good, 60 days is bad and barely acceptable, 90 days and beyond is horribly bad and damaging.

3. In MN's case it has to institute court proceedings to receive payment for service rendered and work done. It is horrendous, unthinkable and a failure in credit control and project management.
4. The process incurs legal cost and energy ,quality time and valuable resources that could be employed more productively in real business matters.

5. Considering that MN being a very small company with profit ranging between 1.5m to 3.5m a quarter, hence Rm1,051,012 is considerably a significant amount and seriously detrimental to cash flow and bank balances.

6. Besides, the proceeding reflects bad vendor and business partners relationship and give rise to negative publicity and counter sentiment, impedes upwards momentum and obstructs raising share price.

7 Therefore, material litigation regardless being a plaintiff or defendant is view negatively by the investing public.

8 This is my perception.
12/7/23

Posted by frank74 > 2023-07-12 19:37 | Report Abuse

Time will tell…

Posted by frank74 > 2023-07-12 19:40 | Report Abuse

If not confident with the management. Sell and move on

Posted by kfliau > 2023-07-12 22:03 | Report Abuse

The only hope is positive development on the MOU

Posted by trader808 > 2023-07-13 07:55 | Report Abuse

1.Prices reflect all information about the company. Positive information moves up share price and conversely, negative information push down share price. Otherwise, share price will remain in consolidation or inactive unless acted upon by new news.

2. Therefore one must constantly keep abreast of news flow such as award of projects, acquisition of land for example,and specifically in the case of MN it is a court case involving the default of payment by vendor.

3. This forum provides an avenue and allows members to analyse and interpret the meaning of the news and the impact it has on share price. It is of utmost importance in investing.

4. This forum is also for sharing, learning and earning together. My posting is unbiased and say it as it is. It is not intended to inference your investment decision.

5 And Frankly, not intended to irritate you.

Happy trading
13/7/23

Posted by frank74 > 2023-07-13 18:05 | Report Abuse

Sorry, accidentally deleted my post. As mentioned, I thank you for your views trader808. It would be great if you could recommend the next steps for humble investors like us.

Posted by trader808 > 2023-07-15 22:28 | Report Abuse

1. I have no qualification and I am not qualify to advise you. My simple write up,short analysis and posting is a new hobby and joyful pastimes. It is for sharing and learning and not intended to recommend and much less influence your investment decision and strategy and its follow up actions.

2. In anyway I wish to express with great delights, I have a predetermined criteria in stock selection. And, I am only interested in companies that exhibit these elements.

3 Always remember, nothing drive up share price except profit. Share valuation is base on earning basis and it is determined by the earning per share EPS times a PE multiple. So,the greater the profit the higher the EPS and hence, its share price. Therefore, profit is of utmost importance in identifying and selecting good company for investment.

4. Choose a company that is trading at low PE preferably less than 10x. Compare and contrast the PE with other companies in the similar sector of industry to evaluate its position and standing. This will provide an understanding whether the stock is over price or under price compare to its peers.

5. Study the effectiveness and the ability of the company and its management to utilize its capital and equity to generate returns. Look into its Return on equity ROE, return on assets ROA,and return on capital employed ROC.

6. Invest in companies whose business generates cash that strengthen cash flow and working capital. Study cash flow statement to see whether the company generate free cash flow, net cash flow or negative cash flow. We need to know if the company makes profit, where does the money go. Some company consistently makes huge profit but generate no free cash flow. That is a red flag as in Serba Dynamic. Now we know the profit is unreal but creative accounting. It is unwittingly reckless to invest in company that makes huge profit but has no money and continually needs to raise fund through rights issue and private placement.

7. While debt is good but too much of it is bad. Look at the company's gearing ratio that is the total debts divided by total equity. A gearing ratio of 25% is healthy, 50% is high and at 60% the company has entered into a red zone. It is considered a high risk company. It causes fear and anxiety to stakeholders, bankers and suppliers. To understand the adverse and harmful impact of high gearing just look at what happened to Hap Seng. It has a gearing ratio of 79.5%. Share price collapsed spectacularly and erased 16b in market capital. So avoid company with high gearing.

8.Pick a company that pays dividend. Does the company have a dividend policy. Why is this important? In case share price moves against you, the dividend would provide some comfort. It also signifies that the company is strong and has a healthy cash flow and working capital.
9. Select companies with sound and capable , transparent and honest management with great energy and passion to pursue long term mission and vision. For example YTL the next phrase of long term growth is in data center, digital banking, Sunway is moving towards 3000 beds with 8 hospitals to become the largest healthcare provider in the country.
10. If you can find a stock with all these ingredients, than buy and stay invested and ignore all the daily market noise.
10 Enough for you to ponder and think about. Hope it helps and may you find it useful.

Happy Trading
15/7/23

Posted by kfliau > 2023-07-16 22:57 | Report Abuse

@trader808 thanks for the tuition. How would you rate MN Holdings based on the said criteria? Would you pick this stock even though p.e. is 18? I am in because of the MOU but sadly it seems the euphoria fizzled out

Posted by frank74 > 2023-07-17 15:12 | Report Abuse

@trader808, thanks for the tuition as well. Do you happen to own this stock or rather, still have this stock in your portfolio? And does it fit into the criteria that you mentioned above? Perhaps then I can infer the next steps.

Posted by frank74 > 2023-07-17 16:16 | Report Abuse

@kfliau, I'm no expert either, but personally I'd hold for a while if you're already in.

1) strong orderbook (how much really translates? I don't know). Plus the management seems to be confident in their guidance for the next 2-3 years. Side note, director has been buying back shares recently?

2) P/E - well that's a factor of growth, isn't it?. If the company continues with strong EPS as per previous quarter, it would be what? 36 sen at 10PE? (looking at forward PE, of course - as you know, stock prices reflect forward earnings - take tech companies for example - of course tech multiples can be astronomical and cannot be compared). Therefore, let's see whether the orderbook translates.

I agree with @trader808 in terms of having a criteria, but if one is in the stock, surely there are some good things you see in it, not only negative right? And if you're an investor, surely you would give it some time before you totally change your opinion, wouldn't you?

3) technically, it is still hovering above the uptrend line. Ideally, this would be the base or even rebound point, but only time will tell.

Yes, trader808 is right, ultimately, it's about earnings. Let's hope for the coming quarters to show positive growth.

To end, thanks again trader808, appreciate your lengthy write up and let's hope this stock delivers.

Posted by kfliau > 2023-07-17 23:17 | Report Abuse

@frank74 yes, I have been holding the warrent. Bought at 12.5 cents. It shot up to 17.5 but didn't take profit thinking of long term investment. Quite regretted

Posted by trader808 > 2023-07-17 23:25 | Report Abuse

1. At 29sen and trading at PE of 18.5x, MN is undoubtedly over valued, otherwise fully valued. Although MN is profitable, it is unfortunately not generating sufficient profit to merit its currently high valuation.

2. Despite its numerous announcement of awards of projects, press release ,media engagements and publicity the share price remains depressed and lackluster.
Going forward MN would have to announce a substantial rise in profit and earning to compress the high PE to single digit. Otherwise, 29.5 sen may not even be sustainable.

3.One may want to ask is MN a stock to hold for long term. Is 40 sen achievable and what does it take for MN to reach there?.

4. I would envisage MN being a new kid, small cap and relatively unknown and penny stock to be at most realistically ascribed a PE multiple of 8 times. For it to worth 40 sen at 8x PE it must have an earning per share of 5 sen. This is a management challenge.

5. MN has 408m shares and to achieve EPS of 5 sen simply means it must generate a profit 20.4m. Considering that the 4 running quarters profit performance were (-1.09m) ,1.19m , 2.58m and 3.69m I am of the opinion that 20.4m annually is a highly incredible challenge and realistically unexpected.

6. Investment is about portfolio management and efficient allocation of money and resources. Perhaps, the fund can be more profitably and fruitfully allocated elsewhere or, more specifically invested in an alternative stock that has all the ingredients of a value investing stock.
7.While we remain pessimistic about MN and its future earnings ,it is not altogether useless or entirely hopeless, It simply means the opportunity cost or all the benefits we have to forgo for holding MN instead of the next best alternative stock is abnormally high.
8 MN debuted at 21 sen. It has breached 40 sen in its prime day and awarded shareholders with bonus of free warrants. It is now hovering and struggling at below 30 sen.
9. MN is akin to a diamond that has lost its sparkle and continue to dim.

10. Make your own investment decision. This is just an expression of opinion and definitely not a recommendation to buy or sell. Besides, I could be entirely wrong.

Happy trading
17/7/23

Posted by kfliau > 2023-07-18 06:48 | Report Abuse

@trader808 Thanks for your invaluable fundamental analysis. Do you mind sharing any alternative that meets your stated criteria?

Posted by frank74 > 2023-07-18 08:39 | Report Abuse

Good luck to all !

Posted by kfliau > 2023-07-18 11:19 | Report Abuse

Thanks trader808

Posted by Ayong21 > 2023-07-18 22:52 | Report Abuse

Sell and short all the way.

Posted by kfliau > 2023-07-19 09:09 | Report Abuse

@trader808 I saw your post in Mahsing. Indeed convincing. But looking at the chart, it's scary as it has spiked a lot. I rather wait for MN to rebound before I switch