KLSE (MYR): MQTECH (0070)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
0.11
Today's Change
+0.005 (4.76%)
Day's Change
0.105 - 0.12
Trading Volume
3,938,600
Market Cap
18 Million
NOSH
164 Million
Avg Volume (4 weeks)
4,798,663
4 Weeks Range
0.01 - 0.15
4 Weeks Price Volatility (%)
52 Weeks Range
0.01 - 0.15
52 Weeks Price Volatility (%)
Previous Close
0.105
Open
0.105
Bid
0.11 x 2,404,900
Ask
0.115 x 336,200
Day's Range
0.105 - 0.12
Trading Volume
3,938,600
Latest Quarter | Ann. Date
30-Jun-2024 | 29-Aug-2024
Next QR | Est. Ann. Date
30-Sep-2024 | 29-Nov-2024
T4Q P/E | EY
-1.65 | -60.50%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
0.40 | 0.28
T4Q NP Margin | ROE
-156.90% | -16.64%
Sector: TECHNOLOGY
Sector: TECHNOLOGY
Subsector: SEMICONDUCTORS
Subsector: SEMICONDUCTORS
Description:
MQ Technology Bhd is an investment holding company. Through its subsidiaries, it provides rapid tooling and prototyping division, which automates, design, develops and manufactures molds, tools, dies, jigs and fixtures used in the manufacture of hard disk drives, automotive and medical industries. The firm also design, development and manufactures advanced suspension tooling, progressive tooling, semiconductor cavity/encapsulation molds for application in hard disk drives and semiconductor industries and advanced automation modules, medical instrument systems and optoelectronics applications. Geographically the firm derives the majority of its revenue from the United States of America through Sale of goods.
capital from 700m up to 1640m pp esos , and the end 10 consolidation to 1 ???
1 month ago
Mqtech better than Technax which is 20 consolidation to 1. In addition its core business is in line with data center business by making mould for HDD. EGM is on 9 Sept & can ask the company future undertakings.
1 month ago
If Malaysia GDP forecast 5.9% growth with its data center business, Mqtech will be part of the beneficiaries of this initiative
1 month ago
FOR NEWBIES
(I) PROPOSED SHARE CAPITAL REDUCTION;
(II) PROPOSED SHARE CONSOLIDATION; AND
(III) PROPOSED ISSUANCE OF BONDS
On behalf of the Board, Mercury Securities wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 7 August 2024, resolved to approve the following:
(i) Proposed Share Consolidation; and
(ii) Listing of up to 327,109,900 new MQ Tech Shares to be issued pursuant to the conversion of the Bonds.
This announcement is dated 7 August 2024.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3471639
=================
Share consolidation and fund raising via bond issuance approved
Coming soon !!!
1 month ago
FOR NEWBIES
CIRCULAR TO SHAREHOLDERS IN RELATION TO
(I) PROPOSED REDUCTION OF THE ISSUED SHARE CAPITAL OF MQ TECHNOLOGY BERHAD ("MQ TECH" OR "COMPANY") OF RM50.00 MILLION PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("ACT") ("PROPOSED SHARE CAPITAL REDUCTION");
(II) PROPOSED CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN MQ TECH ("MQ TECH SHARES" OR "SHARES") INTO 1 MQ TECH SHARE ("CONSOLIDATED SHARE(S)") ("PROPOSED SHARE CONSOLIDATION"); AND
(III) PROPOSED ISSUANCE OF REDEEMABLE CONVERTIBLE BONDS ("BONDS") WITH AN AGGREGATE PRINCIPAL AMOUNT OF UP TO RM150.00 MILLION ("PROPOSED ISSUANCE OF BONDS") (COLLECTIVELY REFERRED TO AS "PROPOSALS")
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3473940
==============
Share consolidation and more fund raising coming soon !!!
https://www.klsescreener.com/v2/stocks/view/0070/mq-technology-berhad
1 month ago
FOR NEWBIES
Changes in Director's Interest (Section 219 of CA 2016)
MQ TECHNOLOGY BERHAD
Particulars of Director
Name MR TERENCE CHEAH EU LEE
Directors continue to dispose
https://www.klsescreener.com/v2/announcements/view/7679817
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3474457
=================
Share consolidation and fund raising via bond issuance coming soon !!!
1 month ago
Condolidation is a good news. Don't worry. Just like Technax after consolidated and go to the moon !
2 weeks ago
Remember Mqtech core business still HDD ya...complement data center and AI aound the world !
2 weeks ago
https://www.klsescreener.com/v2/news/view/1393055
Meanwhile, MQ Technology Bhd (KL:MQTECH) saw its executive director Terence Cheah Eu Lee dispose of more shares in the ACE Market-listed company. Cheah has sold a total of 25.5 million shares on the open market since May, the latest transaction being 7.5 million shares on Aug 28. This leaves him with a 0.96% stake, or 15.69 million shares, compared with 3.03% before.
MQ Technology produces moulds, tools, dies, jigs and fixtures used in the manufacturing of hard disk drives. The company narrowed its net loss to RM4.29 million for the nine months ended June 30, 2024, from a loss of RM8.47 million a year earlier. In July, it changed its financial year end to Feb 28 from Sept 30.
2 weeks ago
23th is the consolidation date...
after that we see whether it will fly like MMAG or not or drop like TECHNAX.....
stay tune guys....
2 weeks ago
Changes in Director's Interest (Section 219 of CA 2016) - MR TERENCE CHEAH EU LEE | https://www.klsescreener.com/v2/announcements/view/7915893
Director finally disposed all shares to open market
2 weeks ago
new to clean up first....
hopefully after consolidation, company can perform better....
2 weeks ago
FOR NEWBIES
CONSOLIDATION OF EVERY 10 EXISTING SHARES IN MQ TECHNOLOGY BERHAD ("MQ TECH" OR "COMPANY") ("MQ TECH SHARE(S)" OR "SHARE(S)") INTO 1 MQ TECH SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION")
Ex-Date 23 Sep 2024
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3482145
https://www.klsescreener.com/v2/announcements/view/7809983
==============
Take note of share consolidation ex-date whereby your shareholding will be reduced by 10 times
Current NOSH = 1,635,549,531 will be reduced to 163,554,953
After completion of share consolidation exercise, directors will restart fund raising again via massive shares issuance to PP, ESOS, RI or asset acquisition
Retail shareholders holding at high prices will certainly incur huge losses due to the share consolidation
2 weeks ago
Walaoeh, what happend ?
Super damn hot man Mqtech today !
Now Mqtech was traded at @0.125 (+0.025) (+25 %)
Heng ah, Ong ah, Huat ah !
1 week ago
Hello...supposed to be 0.15 as before consolidate is 0.015 x 10. So no big deal if 0.125. Too slow instead as one of the directors opt out before consolidate
1 week ago
what @Vicky mentioned is correct. Suppose after consolidation, they price must be 15c and not 12c.
Let's see in coming days, whether the price will be pushed above 20c or not....
Not very high hope but better than nothing la....
1 week ago
Wow, Amazing !
Now Mqtech was traded at @0.14 (+0.04) (+40 %)
Heng ah, Ong ah, Huat ah !
1 week ago
Again no big deal as it used to be 0.015 x 10 = 0.15 now. Unless it hits 0.4 then bravo !
1 week ago
Wow, Fantastics !
Now Mqtech was traded at @0.15 (+0.05) (+50 %)
Heng ah, Ong ah, Huat ah !
1 week ago
Company like Mqtech full of potential. Their core business is in line with AI and data center. So share prices could trend higher
1 week ago
looks like not going to sustain at 15....
touch n drop only....
might go below 10....
not easy this counter....
macam macam buaya ada ma....
1 week ago
FOR NEWBIES
After share consolidation ex date on 23 Sep 2024,
NOSH reduced from 1,635,549,531 to 163,554,653
Retail shareholders bought at high prices (before share consolidation) incurred huge losses due to directors action.
Next step is for directors to restart fund raising activities again via massive shares issuance to PP, ESOS, RI or asset acquisition.
If directors cannot bring in profits from business operations, more fund raising will be carried out via massive shares issuance
Eventually, NOSH will exceed 1 BILLION shares again.
==================
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
1 week ago
back to 10-12 range...
15 range non sustainable...
looking at 8-9c range next week...
6 days ago
Vicky
They are making mould for HDD and for AI and data center business. If data center/AI is fully materialised Mqtech will be part of the beneficiary somehow or rather. Stay tuned.
1 month ago