MQ TECHNOLOGY BHD

KLSE (MYR): MQTECH (0070)

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Last Price

0.11

Today's Change

+0.005 (4.76%)

Day's Change

0.105 - 0.12

Trading Volume

3,938,600

Overview

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 (%)

71.43%

52 Weeks Range

0.01 - 0.15

52 Weeks Price Volatility (%)

71.43%

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

Financial Highlight

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%

Market Buzz
Company Profile

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.

Discussions
17 people like this. Showing 50 of 20,288 comments

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

Lee Ying Yee

capital from 700m up to 1640m pp esos , and the end 10 consolidation to 1 ???

1 month ago

Vicky

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

Vicky

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

whistlebower99

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

whistlebower99

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

whistlebower99

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

cK1973

wait and see after consolidation....
stay tune guys.....

1 month ago

cK1973

not yet consolidate ka????
wait....

1 month ago

Vicky

Belum. Getting approval from me as shareholder on 9 Sept meeting first...

1 month ago

cK1973

ok well noted....
better do it fast.....
10 to 1......

1 month ago

Faiza

today egm approved
consol in a month time?

3 weeks ago

cK1973

approved....
good sign......
waiting too long already....

3 weeks ago

Vicky

Time to rocket to the moon....

3 weeks ago

cK1973

no choice......
hv to consolidate......

3 weeks ago

Vicky

Condolidation is a good news. Don't worry. Just like Technax after consolidated and go to the moon !

2 weeks ago

Vicky

Remember Mqtech core business still HDD ya...complement data center and AI aound the world !

2 weeks ago

cK1973

bila ni.....
still waiting ma....

2 weeks ago

mingli841231

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

cK1973

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

whistlebower99

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

Faiza

possible new directors comin on board to replace the one?

2 weeks ago

cK1973

new to clean up first....
hopefully after consolidation, company can perform better....

2 weeks ago

Faiza

the co that inject 150m will surely place few directors kan

2 weeks ago

whistlebower99

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

fl888

Bought at 6cts last year….consolidation at 1.5cts…loose like hell…

2 weeks ago

Mohd Qadri Abdul Rani

Same lor...big lost

2 weeks ago

cK1973

@fl888 wait for consolidation first.....
currently nothing much we can do.....

1 week ago

bullrun168

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

fl888

Wahmmm…1cts jump to 12.5cts…biggest gainer ever in KLSE..hahaha..

1 week ago

Vicky

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

cK1973

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

fl888

Is Terence Chuah is buying back to be a minority or major shareholder ?

1 week ago

Faiza

likely change in board, big investor surely want their people

1 week ago

Wan Nee

Brewing...buy now

1 week ago

bullrun168

Wow, Amazing !
Now Mqtech was traded at @0.14 (+0.04) (+40 %)
Heng ah, Ong ah, Huat ah !

1 week ago

Vicky

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

bullrun168

Wow, Fantastics !
Now Mqtech was traded at @0.15 (+0.05) (+50 %)
Heng ah, Ong ah, Huat ah !

1 week ago

Vicky

Anyway if tomorrow sentimen is positive it will break 0.15 and trend higher

1 week ago

Faiza

watch this bull

1 week ago

ncy810116

now is a lightweight counter.

1 week ago

Nick

huat ar huat ar

1 week ago

fl888

Big announcements coming…hopefully , likely related to China ventures

1 week ago

Vicky

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

fl888

DPM daughter is CEO of this company is a plus sign….

1 week ago

JusinKarl

Time to collect at 10

1 week ago

cK1973

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

whistlebower99

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

cK1973

back to 10-12 range...
15 range non sustainable...
looking at 8-9c range next week...

6 days ago

cK1973

now range 8-9 looks possible...
stay tune guys...

2 days ago

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