MLABS SYSTEMS BHD
KLSE (MYR): MLAB (0085)
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Last Price
0.18
Today's Change
-0.015 (7.69%)
Day's Change
0.175 - 0.20
Trading Volume
17,358,800
Analysis
Price Target
A price target is an analyst's projection of a share's future price.
Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.
Last Price
0.18
Avg Target Price
Upside/Downside
Price Call
0
SELL
0
HOLD
0
BUY
| Date | Open Price | Target Price | Upside/Downside | Price Call | Firm | View | Action |
|---|
Discussions
7 people like this. Showing 50 of 13,196 comments
need MWDG to help to protect Minority shareholders' interests. RM1.66 net assets per share after consolidation (20shares x 8.3sen@31.12.23).. cash and assets... corp governance reform is a must
2024-04-09 10:31
Nta 8.3sen per share. Post share consol, nta rm1.66. Now ~20sen market price. Work with minority interest watchdog group to prevent directors stealing minority shareholders' money etc
2024-04-12 10:39
Mlabs: a growth stock .. quarterly sales UP, now with the islamic factoring even more convincing
a value stock NTA Rm1.66 (post share consol now), current price ~20sen. P/B value~0,12 dirt cheap
the caveat : the directors
Hopefully, the gang sells their stakes to a reputable party, its share price could rebound limitless, etc. :)
2024-04-12 12:44
MQ Trading Signals
Time
Signal
Duration
Type
2024-04-12 11:00:00
EMA 5
Hourly
BUY
2024-04-12 09:30:00
EMA 5
30 Mins
BUY
2024-04-12 14:55
NTA RM1.66 but current price is 20sen... MWDG must urge the directors on how to monetise to reward shareholders
2024-04-12 14:56
NTA RM1.66 per share now, jika directors curi pun masih sky high, with stronger surveillance by the authorities, which directors dare to steal, etc now? Directors committing fraud should be sentenced to death like Vietnam hopefully hehe
2024-04-12 14:59
RSI(14) Neutral 48.2
Stochastic(14) Oversold 16.7
Average Volume (3M) 2,304,800
Relative Volume 0.3
2024-04-12 16:11
after share consol, not much shares now. Market Cap RM14.5M based on 20sen now
Shares (mil) 72.47
2024-04-12 16:12
Live now:
63% BUY
37%SELL
2 70,900 0.195 0.200 194,400 6
11 635,500 0.190 0.205 312,500 13
9 602,900 0.185 0.210 200,000 9
6 569,700 0.180 0.215 300,000 8
1 200,000 0.175 0.220 200,000 2
2024-04-12 16:13
After 2.30pm today
Time Price Chg Vol
16:11:44 0.200 10,000
15:53:25 0.200 20,000
15:12:18 0.200 30,000
14:39:48 0.200 +0.005 1,600
14:39:04 0.195 19,100
2024-04-12 16:14
Tengok bursa ok with taktik lama geng tangan ghaib tak? Lepas syer consol, right issue pulak hehe
Jualkan semua quoted investments, dah more than cukup hehe
2024-04-16 08:49
Hope the authority would disallow the right issue. Macc should investigate, etc
2024-04-16 12:51
jika right issue tak jadi bagus... tengok pihak berkuasa akan menolak tak hehe
2024-04-16 16:01
hidden hand gang mau right issue, minta wang drp pemegang syer minoriti hehe
2024-04-16 16:02
there are some general concerns that regulators might consider when evaluating a company’s rights issue:
Dilution of Share Value: A rights issue can lead to a dilution of share value if it’s not managed properly. If the number of shares increases significantly without a corresponding increase in the company’s value, the price per share could decrease.
Financial Health: If a company is in poor financial health, a rights issue might be seen as a desperate attempt to raise funds, which could erode investor confidence.
Use of Proceeds: The company must clearly state how the proceeds from the rights issue will be used. If the use of proceeds is unclear or not in the best interest of the company and its shareholders, the rights issue might not be approved.
Fairness to Shareholders: The rights issue must be fair to all shareholders. If the rights issue is structured in a way that disadvantages certain shareholders, it might not be approved12.
Regulatory Compliance: The company must comply with all relevant regulations and disclosure requirements. If the company fails to do so, the rights issue might not be approved
2024-04-17 15:37
MB's son among six remanded over document forgery, false claims involving RM600,000
TheEdge Wed, Apr 24, 2024 03:33pm - 20 minutes
KANGAR (April 24): The son of a menteri besar is among six individuals remanded by the Malaysian Anti-Corruption Commission (MACC) here to assist in investigations regarding a case of submitting false documents and claims involving RM600,000 over the past two years.
Magistrate Ana Rozana Mohd Nor granted the remand order for all suspects from Wednesday to Thursday, following a request from the MACC to conduct investigations under Section 18 of the MACC Act 2009.
According to sources, two civil servants from the MB’s Office and the State Secretary's Office were also detained, along with contractors and owners of various companies.
“The suspects are believed to be owners of companies, contractors, and civil servants in the State Secretary's Administration Office and the Perlis MB’s Office.
“All six suspects, aged between 26 and 37, were detained in Perlis between 7am and 8am yesterday (Tuesday),” he said.
He said the case is being investigated relating to document forgery in making false claims when the project in question was not carried out. The project involved maintenance, repair, supply, and service works starting from 2022 until now, estimated to be worth RM600,000.
Meanwhile, in Putrajaya, a senior director of the Special Operations Division of the MACC, Datuk Azmi Kamaruzaman, confirmed the arrest.
2 months ago
Tangkap1 by 1 hehe
Bursa Malaysia reprimands, fines former executive director of Advance Information Marketing https://www.thestar.com.my/business/business-news/2024/05/27/bursa-malaysia-reprimands-fines-former-executive-director-of-advance-information-marketing
1 month ago
Buy call mlab 21-22 cents
Never underestimate dap people.got money there sure goreng.
8/6/24 5.27pm
1 month ago
FOR NEWBIES
RENOUNCEABLE RIGHTS ISSUE OF UP TO 217,410,867 NEW ORDINARY SHARES IN MLABS ("SHARES") ("RIGHTS SHARES") ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 2 JULY 2024 ("ENTITLEMENT DATE"), AT AN ISSUE PRICE OF RM0.16 PER RIGHTS SHARE, TOGETHER WITH UP TO 86,964,346 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 WARRANTS FOR EVERY 5 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")
Date for commencement of trading of rights 03 Jul 2024
Date for cessation of trading of rights 11 Jul 2024
Acceptance and Payment 18 Jul 2024 05:00 PM
Excess share application and payment 18 Jul 2024 05:00 PM
Date for announcement of final subscription result and basis of allotment of excess Rights Securities 25 Jul 2024
Available/Listing Date 01 Aug 2024
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3456960
=================
Take note of important dates for the rights issue
Directors raising fund again from shareholders via shares issuance to RI
Look out for more fund raising via shares issuance to PP, ESOS
https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-bhd
1 month ago
FOR NEWBIES
Announced EX Date Subject Ratio Offer
18 Jun 2024 01 Jul 2024 Rights Issue (warrant) 3.0000 : 1.000 0.1600
19 Mar 2024 02 Apr 2024 Share Consolidation 1.0000 : 20.0000
After recent shares consolidation, directors busy with fund raising again via rights issue squeezing more money from shareholders
https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-bhd
Multi year loss making penny stock
If directors continue to raise massive funds via massive shares issuance to PP, ESOS or RI,
NOSH will hit BILLION shares again in near future
==================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS or asset acquisition
1 month ago
FOR NEWBIES
RENOUNCEABLE RIGHTS ISSUE OF UP TO 217,410,867 NEW ORDINARY SHARES IN MLABS SYSTEMS BERHAD ("SHARES") ("RIGHTS SHARES") ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 2 JULY 2024 ("ENTITLEMENT DATE"), AT AN ISSUE PRICE OF RM0.16 PER RIGHTS SHARE, TOGETHER WITH UP TO 86,964,346 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 WARRANTS FOR EVERY 5 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")
Please refer attachment below.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3461334
==============
After recent share consolidation of 20 to 1 in April 2024,
Directors going for easy fund raising via shares issuance to RI
Rights issue at 0.16
Amount targeted to raise = 217,410,867 x 0.26 = 34,785,738
that is RM34 million from shareholders !!!
Easy easy money for directors to utilise for what ?
==============
https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-bhd
Check P/L and Capital Changes
Announced EX Date Subject Ratio Offer
18 Jun 2024 01 Jul 2024 Rights Issue (warrant) 3.0000 : 1.000 0.1600 View
19 Mar 2024 02 Apr 2024 Share Consolidation 1.0000 : 20.0000 View
30 Oct 2020 12 Nov 2020 Rights Issue (warrant) 6.0000 : 1.000 0.0900 View
20 Oct 2020 03 Nov 2020 Share Consolidation 1.0000 : 10.0000 View
Multi year annual losses since 2017 !!!
==================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc
2 weeks ago
Printing of 200million of toilet papers has started. Anyone chasing will be very lucky to hold it till 5c
Non-stop qtrly lossess continue, covid or no covid. The best thing is to delist this company before it suck more retailers hard earned money.
6 days ago
FOR NEWBIES
Announced EX Date Subject Ratio Offer
18 Jun 2024 01 Jul 2024 Rights Issue (warrant) 3.0000 : 1.000 0.1600
19 Mar 2024 02 Apr 2024 Share Consolidation 1.0000 : 20.0000
30 Oct 2020 12 Nov 2020 Rights Issue (warrant) 6.0000 : 1.000 0.0900
20 Oct 2020 03 Nov 2020 Share Consolidation 1.0000 : 10.0000
28 Jul 2017 09 Aug 2017 Rights Issue (warrant) 2 : 1 0.1500 View
19 Mar 2010 31 Mar 2010 Rights Issue (warrant) 2 : 4 View
Multi year losses
https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-berhad
Check P/L and Capital Changes
=====================
NOSH = 289,881,156 after share consolidation in Apr 2024
Expect directors to restart and continue massive fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc
Expect NOSH to increase and shareholder equity % and EPS to be diluted with massive share issuance in near future
==================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS, RI , asset acquisition, etc
===========
Expect Cindy Kate to play the price to attract & trap newbies, punters, fomo oldbies etc
5 days ago
MALU MLAB. ALWAYS PUMP AND DUMP UNTIL EVERYBODY KNOW. NEVER NAIK PROFESSIONALLY BASED ON COMPANY PERFORMANCE.
5 days ago
Mlab shares only 72.47 million but someone who isn't a shareholder blowing that Mlab NOSH is 289,881,156.
4 days ago
Financial Year Revenue ('000) Net ('000) EPS DP% Net % Report
30 Jun, 2024 19,416 -8,896 -0.6100 -
30 Jun, 2023 22,455 -7,142 -0.5000 - 45.3%
30 Jun, 2022 20,879 -13,062 -0.9600 - 10.4% View
30 Jun, 2021 83,982 -14,586 -2.8900 - 48.4% View
30 Jun, 2020 8,318 -28,249 -3.9000 - 998.3% View
30 Jun, 2019 3,359 -2,572 -0.3800 - 17.1% View
31 Mar, 2019 4,427 -3,101 -0.4600 - 19.7% View
31 Mar, 2018 2,104 -3,862 -0.5200 - 2,212.6% View
31 Mar, 2017 2,611 -167 -0.0800 - 1,082.4% View
31 Mar, 2016 1,241 17 0.0100 - 103.5% View
31 Dec, 2015 2,161 -482 -0.3000 -
31 Dec, 2014 1,988 -1,030 -0.5800 - 41.1% View
31 Dec, 2013 1,048 -730 -0.4300 - 72.5% View
31 Dec, 2012 1,153 -2,654 -1.5800 - 28.9% View
31 Dec, 2011 1,187 -3,731 -2.4200 - 78.3% View
31 Dec, 2010 1,015 -2,093 -1.4800 - 164.3% View
31 Dec, 2009 2,869 -792 -0.7700 - 86.5% View
31 Dec, 2008 1,408 -5,860 -5.7000 - 31.7% View
31 Dec, 2007 4,955 -8,580 -8.3300 - 670.9% View
https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-berhad
================
17 out of 18 years recorded losses
Directors still receiving high salaries from massive fund raising from shareholders via shares issuance to PP, ESOS, RI, etc
Doing monkey business ???
4 days ago
FOR NEWBIES
RENOUNCEABLE RIGHTS ISSUE OF UP TO 217,410,867 NEW ORDINARY SHARES IN MLABS SYSTEMS BERHAD ("SHARES") ("RIGHTS SHARES") ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 2 JULY 2024 ("ENTITLEMENT DATE"), AT AN ISSUE PRICE OF RM0.16 PER RIGHTS SHARE, TOGETHER WITH UP TO 86,964,346 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 WARRANTS FOR EVERY 5 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3461334
==============
After recent share consolidation of 20 to 1 in April 2024,
Directors going for easy fund raising via massive shares issuance to RI at high price of 0.16
EX DATE = 2 Jul 2024
Rights issue at 0.16
Amount targeted to raise = 217,410,867 x 0.26 = 34,785,738
that is RM34 million from shareholders !!!
Easy easy money for directors to utilise for what ?
==============
https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-bhd
Multi year annual losses since 2017 !!!
==================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc
=================
Cronies disposed above 0.30 and letting the price finding its own level
Possible for price to drop below rights issue price of 0.16 ???
Possible for rights issue to be under subscribed ???
Graft buster can join in to watch the show.
3 days ago
Habis. Matter of time back to 10 sen below. Then consolidation followed by ri. The process repeats.
3 days ago
D former major shares holder is selling it heavily to cash out b4 d new major SH to appear after RI completed soon🙄
3 days ago
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CS Tan
4.9 / 5.0
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....
Good123
RSI(14) Neutral 47.5
Stochastic(14) Oversold 12.5
Average Volume (3M) 2,250,800
2024-04-09 10:30