MLABS SYSTEMS BHD
KLSE (MYR): MLAB (0085)
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Last Price
0.01
Today's Change
0.00 (0.00%)
Day's Change
0.01 - 0.01
Trading Volume
3,105,900
Overview
Market Cap
15 Million
NOSH
1,449 Million
Avg Volume (4 weeks)
1,462,084
4 Weeks Range
0.005 - 0.01
4 Weeks Price Volatility (%)
100.00%
52 Weeks Range
0.005 - 0.03
52 Weeks Price Volatility (%)
20.00%
Previous Close
0.01
Open
0.01
Bid
0.005 x 321,371,200
Ask
0.01 x 22,213,300
Day's Range
0.01 - 0.01
Trading Volume
3,105,900
Financial Highlight
Latest Quarter | Ann. Date
30-Sep-2023 [#1] | 30-Nov-2023
Next QR | Est. Ann. Date
31-Dec-2023 | 28-Feb-2024
T4Q P/E | EY
-1.76 | -56.87%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
0.09 | 0.12
T4Q NP Margin | ROE
-44.10% | -6.69%
Market Buzz
2023-11-30
36.41%2023-11-29
News and Blogs
Company Profile
Sector: TECHNOLOGY
Sector: TECHNOLOGY
Subsector: TECHNOLOGY EQUIPMENT
Subsector: TECHNOLOGY EQUIPMENT
Description:
MLabs Systems Bhd is an investment holding company engaged in research and development in videoconferencing and mobile application solutions. Its segments include Research and development and assembling, engaged in research and development, assembling and trading of multimedia video conferencing system and mobile application solutions and Trading, operates in trading of kitchen equipment and related products.
Discussions
7 people like this. Showing 50 of 12,996 comments
If mlabs reports a profitable quarter, easily return to 10sen+ with its roght issue price 9sen, nta stilll 9.3sen :)
2022-11-14 09:19
If mlabs reports a profitable quarter, easily return to 10sen+ with its right issue price 9sen, nta stilll 9.3sen :)
2022-11-14 09:20
0085 MLAB MLABS SYSTEMS BHD
General Meetings: Notice of Meeting
52049
Indication: Notice of Meeting
Description: Notice of Eighteenth (18th) Annual General Meeting ("AGM")The AGM
will be conducted fully virtual at the Broadcast Venue, the members are advised
to refer to the Administrative Guide on the registration and voting process for
the said meeting.
Date of Meeting: 29/11/2022
Time of Meeting: 10:30 AM
Venue: Broadcast Venue at Level 4, Menara Lien Hoe,No. 8, Persiaran
Tropicana,Tropicana Golf & Country Resort,47410 Petaling Jaya, Selangor Darul
EhsanMalaysia
Date of General Meeting Record of Depositors: 22/11/2022
Outcome of Meeting:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
28/10/2022 07:00 AM
Ref Code: 202210283000373
2022-11-15 08:34
Usah terlupa :)
KUALA LUMPUR: Mlabs Systems Bhd memeterai perjanjian usaha sama (JVA) dengan Seacera Builders Sdn Bhd untuk projek dengan anggaran nilai pembangunan kasar (GDV) sebanyak RM156.46 juta di Pahang.
Dalam makluman kepada Bursa Malaysia pada Jumaat, syarikat itu berkata JVA dibuat melalui anak syarikat tidak langsungnya, Ikhlas Al Dain Sdn Bhd.
2022-11-15 08:40
Sabar ya, usah jadi gila :)
In conjunction with this month's World Mental Health Day, MLABS has raised awareness of mental health issues with the team and mobilized efforts to support everyone's mental health.
#MLABS #WorldMentalHealthDay2022
2022-11-15 08:42
Kawan good123 bgthu beli MLAB now, Good123 ditipu kawannya, kamu semua juga tertipu :)))
2022-11-15 23:53
netx masih ada dana dari right issue yang belum pakai... barangkali netx akan membeli syer mlabs lagi dengan lebihan dana tersebut
NETX HOLDINGS BERHAD (“NETX” OR “THE COMPANY”)
- EXTENSION OF TIME FOR THE UTILISATION OF PROCEEDS RAISED FROM THE RIGHTS ISSUE WITH WARRANTS
EXERCISE
(For consistency, the abbreviations and definitions used throughout this announcement shall have the same
meaning as those previously defined in the announcement dated 15 July 2020 in relation to the Share Consolidation
and Rights Issue with Warrants.)
1. INTRODUCTION
Reference is made to the proposed utilisation of proceeds raised from Right Issue with Warrants exercise
involving the issuance of 626,136,825 Rights Shares and 313,068,412 Warrants C which was completed on
3 November 2020 (“Rights Issue with Warrants”). The Company had raised total proceeds of approximately
RM81.398 million from the Rights Issue with Warrants.
2. DETAILS OF THE VARIATIONS OF THE UTILISATION OF PROCEEDS
As at 31 October 2022, NETX had utilised approximately RM35.476 million from the total proceeds raised
from the Rights Issue with Warrants. On 14 November 2022, the Board of Directors of NETX has approved
the extension of the timeframe for the full utilisation of the proceeds raised from the Rights Issue with
Warrants in the manner as set out below (“Proposed Extension of Time”) :
No. Purpose Proposed
Utilisation
RM’000
Amount Utilised
as at 31.10.2022
RM’000
Balance
Available for
Utilisation
RM’000
Intended
for
Timeframe
Utilisation
Proposed
Extension of Time
for Utilisation of
Proceeds from
Completion Date
of the Rights Issue
with Warrants
i) Development of a F&B
e-commerce platform
5,000 5,000 - Within 18
months
No Change
ii) Marketing of GemSpot and
GemSpot Lite
25,000 523 24,477 Within 36
months
No change
iii) Development and
integration of business
intelligence and data
analytics system
8,000 - 8,000 Within 36
months
No Change
iv) Investment or partnership
in other complementary
businesses or assets
25,000 15,454 9,546 Within 36
months
No Change
v) Working capital 17,498 13,599 3,899 Within 24
months
Within 36 months
vi) Expenses for the Rights
Issue with Warrants
900 900 - Immediate No Change
Total 81,398 35,476 45,922
Page 2 of 2
3. RATIONALE
The Group is developing the digital platform which offers travellers with an option to purchase foreign
currencies. The COVID-19 pandemic has brought upon a slowdown in economic activities and border
restriction in all countries. While pending the border restriction to be lifted, the expenditure on working
capital were reduced to be cost effective. As the border restriction were gradually lifted during this year,
the utilisation of the proceeds on working capital will increase gradually in the future and therefore needed
to be extended for another year.
4. APPROVALS REQUIRED
The Proposed Extension of time is not subject to the approval of any regulatory authorities or the
shareholders of the Company.
The Board is of the opinion that the Proposed Extension of Time will not have any adverse effect on financial
performance of NETX and is in the best interest of the Company.
This announcement is dated 14 November 2022 .
2022-11-17 14:35
Netx might privatise mlabs as it has islamic factoring biz, synergy with netx islamic lending biz... wait n see
NetX collaborates with Myisco on digital Shariah financing
CORPORATE NEWS
Friday, 29 Jul 2022
6:18 PM MYT
KUALA LUMPUR: Netx Holdings Bhd's subsidiary Emicro Services Sdn Bhd is collaborating with Myisco Sdn Bhd to extend Shariah-compliant financial products to customers of Myisco's digital Islamic financial service platform.
In a filing with Bursa Malaysia, the group said Myisco is expected to list Emicro’s financial products into the Myisco Wallet to create synergies and enhancing the visibility of the platform as well as Emicro’s financial products.
"Approximately seven million Angkatan Koperasi Kebangsaan Malaysia (Angkasa) registered members will have access to Emicro’s financial products through the Myisco Wallet.
"In term of the features, Myisco deploys an artificial intelligence engine that can instantly match different customer’s needs and financial product category," it said.
ADVERTISING
It added that upon completion of the application, Myisco customers will be able to withdraw money through the Myisco Wallet or designated bank account within one working day.
Under the terms of the agreement, Emicro will be entitled to 80% of the net revenue, less taxes, from the personal financing while Myisco will receive the remaining 20%.
2022-11-17 15:51
sabar, ya!
9.45am: Beberapa pimpinan tertinggi PH dan BN dilihat berada di Hotel Seri Pacific, Kuala Lumpur.
Mereka ialah Setiausaha Agung Umno, Ahmad Maslan dan Setiausaha Agung PKR, Saifuddin Nasution Ismail.
Delegasi dari Amanah juga berada di sini terdiri daripada presiden Mohamad Sabu, timbalannya Salahuddin Ayub dan ketua menteri Melaka, Adly Zahari.
Mereka dijangka mengadakan mesyuarat hari ini mengenai penubuhan kerajaan baru.
2022-11-21 10:08
Durian runtuh after 2pm... Wait n see :)
KUALA LUMPUR: Bursa Malaysia was slightly higher in early trade today as bargain hunting emerged following yesterday's selloffs due to cautious market sentiment.
2022-11-22 10:31
Kini kerajaan ph ,, pengarah2 mlabs yang menipu pemegang2 syer minoriti akan didakwa dan dipenjarakan macam najib 1mdb...
2022-11-25 09:14
Potensi tak terbatas... Ph akan menangani isu corporate governance supaya setaraf dengan spore..
Stok penny dijangka akan naik... Pengarah2 pun akan fikir beberapa kali sebelum mencuri wang Syarikat
2022-11-25 09:56
Terbang sebelum agm????:)
0085 MLAB MLABS SYSTEMS BHD
General Meetings: Notice of Meeting
52049
Indication: Notice of Meeting
Description: Notice of Eighteenth (18th) Annual General Meeting ("AGM")The AGM
will be conducted fully virtual at the Broadcast Venue, the members are advised
to refer to the Administrative Guide on the registration and voting process for
the said meeting.
Date of Meeting: 29/11/2022
Time of Meeting: 10:30 AM
Venue: Broadcast Venue at Level 4, Menara Lien Hoe,No. 8, Persiaran
Tropicana,Tropicana Golf & Country Resort,47410 Petaling Jaya, Selangor Darul
EhsanMalaysia
Date of General Meeting Record of Depositors: 22/11/2022
Outcome of Meeting:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
28/10/2022 07:00 AM
2022-11-29 08:40
FOR NEWBIES
Multi year loss making penny stock
Another quarter of losses
Profit/(loss) attributable to ordinary equity holders of the parent -2,414,000
https://www.klsescreener.com/v2/announcements/view/3650807
NOSH = 1,449,409,090
WC = 440,488,340
https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-bhd
=============
Be careful holding high NOSH multi year loss making penny stocks, many of which had undergone shares consolidation resulting in huge losses to retail shareholders
===============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance
=============
TAYOR, set realistic target
2022-12-06 14:30
sungguh indah, islamic factoring biz mlabs :)
Mudarabah Factoring Model For SMEs
by MRA Razak · 2017 — This is where we believe a financing tool like factoring, especially Islamic factoring, can play a pivotal role. Factoring is a type of financial transaction .
2022-12-06 18:35
Make sense bagi netx to swallow mlabs via share swap... Great synergy
KUALA LUMPUR (July 29): NetX Holdings Bhd, which slipped into the red for the second quarter ended May 31, 2022 (2QFY22), entered into a deal on Friday (July 29) to provide its Syariah-compliant loan products to customers of fintech company MYISCO Sdn Bhd.
NetX said its subsidiary, licensed money lender Emicro Services Sdn Bhd (eMicro), will be one of the companies to list its financial products on MYISCO’s digital Islamic financial services platform called MYISCO Wallet.
Under the deal, 20% of the net revenue received by eMicro through the personal financings will go to MYISCO with eMicro keeping the other 80%, said NetX in a filing with Bursa Malaysia.
MIYSCO is a wholly-owned subsidiary of MyAngkasa Digital Services Sdn Bhd, a private company led by Angkatan Koperasi Kebangsaan Malaysia (Angkasa), MyAngkasa Holdings Sdn Bhd, Boustead Digital Services Sdn Bhd, MySwitch Sdn Bhd and MRuncit Commerce Sdn Bhd.
The MYISCO Wallet aims to provide a digital wallet experience to people in the ASEAN region.
In a press statement, NetX said seven million registered members of Angkasa will now have access to eMicro’s financial products.
“In terms of the features, MYISCO deployed an artificial intelligence engine that can instantly match different customer’s needs and financial product categories.
“Upon completion of the application, MYISCO’s customers are able to withdraw the money through the MYISCO Wallet or designated bank account within one working day,” NetX said.
In a separate filing on Friday, NetX reported a net loss of RM183,000 for 2QFY22 compared to a net profit of RM241,000 a year earlier.
The software company said the loss was due to fair value adjustment on quoted investment of RM1.25 million, and a rise in operating and administrative expenses by RM730,000. The company was also affected by a rise in interest by RM430,000 from loans in Sungei Wang Plaza Sdn Bhd, which was acquired on Sept 30, 2021.
Quarterly revenue rose to RM3.32 million from RM1.7 million, thanks to new revenue on sales of foreign currencies after the group acquired a new licensed money changer subsidiary on Oct 28, 2021.
There was also higher interest earned from its money lending segment, NetX added.
For the first six months of FY22, the company saw its net loss narrow to RM3.37 million from RM10.2 million in the same period of FY21. Revenue rose to RM6.19 million from RM5.47 million.
NetX shares closed unchanged at nine sen on Friday, valuing the group at RM75.24 million.
2022-12-06 20:50
careful with penny stocks
(Updated)
2013 penny stock crash mastermind John Soh faces 36 years’ jail, co-conspirator Quah Su-Ling gets 20 years
Khairani Afifi Noordin
/
theedgesingapore.com
December 28, 2022 11:24 am +08
2022-12-28 13:57
FOR NEWBIES
https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-bhd
NOSH = 1,449,409,090
WC = 440,488,340
Maturity 2023-12-07
Strike value 0.0900
=================
Share consolidation 10 to 1 in November 2020
Rights issue 6 for 1 at RM0.09 per share in November 2020
Annual losses in 18 out of last 20 years
===============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance
================
TAYOR, set realistic target
2023-02-09 09:29
Modus operandi of many loss making penny stocks
1. Directors fail in generating business profit
2. Show Multi year losses, multi quarter losses
3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition
4. Directors utilise most of the fund raised
5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue
6. Repeat step 1 to 5
2023-02-14 16:33
FOR NEWBIES
PASUKGB is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 24 February 2023.
===================
Be careful trading high NOSH low price penny stocks
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
Long term shareholders holding at high prices will incur huge losses due to the corporate exercises
List of penny stocks with shares consolidation :-
2023 in progress - VSOLAR, DOLPHIN, EDUSPEC, TECHNAX, PASUKGB
2023 completed = MERIDIAN
2022 - YONGTAI, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX, LKL, MNC, NEXGRAM, IMPIANA, FAST
BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........
====================
TAYOR, don't be caught in share consolidation exercise
2023-02-28 11:21
Berwaspada:)
Syabas kpd kerajaan perpaduan membanteras jenayah kolar putih
https://thecorporatesecret.com/blog/2023/03/09/selepas-victor-chin-fail-peguam-mafia-korporat-chong-loong-men-pula-terbongkar/
2023-03-16 22:30
SATU PER SATU AKAN DIDAKWA, DLL
SINGAPORE (Dec 28): John Soh Chee Wen, who has been found guilty of masterminding the 2013 penny stock crash, has been sentenced to 36 years in jail while his co-conspirator Quah Su-Ling is given 20 years.28 Dec 2022
Penny stock crash mastermind John Soh sentenced to 36 ...
The Edge Markets
https://www.theedgemarkets.com › node
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Penny stock crash mastermind Soh Chee Wen jailed 36 years
2023-03-16 23:53
Kami sedang menunggu tindakan SC hahaha
The Securities Commission is actively curbing capital market irregularities, contrary to the general perception, says chairman Datuk Seri Dr Awang Adek Hussin.
2023-03-28 06:28
Another quarter of losses
https://www.klsescreener.com/v2/stocks/financial-report/0085/2023-06-30
Multi year losses
2023-09-01 09:56
Beware of cyber scam Mymmar, Cambodia, Dubai, Korea. Once go in, forever cannot come out.
Organized crime gangs behind Asia’s so-called "scamdemic" have set up remote bases in Myanmar’s border area with China — locations that are hard for police to reach and where the trafficking victims they use to perpetrate online scams have little hope of escape, a U.N. report said Tuesday.
Billions of dollars have been scammed by powerful Chinese and Taiwanese crime groups based in the Mekong region — as well as in the Philippines — who bombard the internet with romance scams, extortion and investment pyramid schemes.
While some crackdowns have taken place in Cambodia and the Philippines, the crime groups are refining their scams from fortified compounds under the protection of ethnic rebels in conflict-torn Myanmar, the United Nations Office on Drugs and Crime said in its report.
1 month ago
FOR NEWBIES
MLABS SYSTEMS BERHAD (“MLABS” OR THE “COMPANY”)
(I) PROPOSED SHARE CONSOLIDATION; AND
(II) PROPOSED RIGHTS ISSUE WITH WARRANTS
1. INTRODUCTION
On behalf of the Board of Directors of the Company (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the following:
(i) proposed consolidation of every 20 existing ordinary shares of the Company (“Shares”) into 1 Share (“Consolidated Share”) (“Proposed Share Consolidation”); and
(ii) proposed renounceable rights issue of up to 283,484,613 new Shares (“Rights Shares”) on the basis of 3 Rights Shares for every 1 Consolidated Share held on an entitlement date to be determined later (“Rights Issue Entitlement Date”), together with up to 113,393,845 free detachable warrants in the Company (“Warrants D”) on the basis of 2 Warrants D for every 5 Rights Shares subscribed for at an issue price to be determined later (“Proposed Rights Issue with Warrants”).
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3394836
==============
The time has come for MLAB shareholders
Latest high NOSH loss making penny stock to go for share consolidation.
NOSH = 1,449,409,090
WC = 440,488,340
Long term shareholders who bought at high price will incur huge losses arising from the 20:1 share consolidation
Directors will collect more money from loss making shareholders after share consolidation via rights issue
1 month ago
FOR NEWBIES
Directors did share consolidation of 10:1 and rights issue in Oct 2020
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
https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-berhad
================
After 3 years, directors doing another share consolidation and rights issue to squeeze more
money from shareholders
Multi year loss making company
Non performing directors and management continue to receive their salaries for failing to bring in any profits from business
1 month ago
Bro, MLAB has 60m hard cash in its bank account, 4sen per share, why worry la. Hehe
4 weeks ago
Another quarter of losses
Quarterly rpt on consolidated results for the financial period ended 30/09/2023 | https://www.klsescreener.com/v2/announcements/view/5977721
1 day ago
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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....
BILLC
Nilai apa benda counter makan taik ni,,,wakakaka,,
2022-11-03 15:49