MINETECH RESOURCES BHD
KLSE (MYR): MINETEC (7219)
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Last Price
0.055
Today's Change
0.00 (0.00%)
Day's Change
0.045 - 0.055
Trading Volume
353,800
Overview
Market Cap
65 Million
NOSH
1,188 Million
Avg Volume (4 weeks)
334,142
4 Weeks Range
0.045 - 0.055
4 Weeks Price Volatility (%)
100.00%
52 Weeks Range
0.045 - 0.16
52 Weeks Price Volatility (%)
8.70%
Previous Close
0.055
Open
0.05
Bid
0.045 x 5,537,600
Ask
0.055 x 370,500
Day's Range
0.045 - 0.055
Trading Volume
353,800
Financial Highlight
Latest Quarter | Ann. Date
31-Mar-2022 [#4] | 27-May-2022
Next QR | Est. Ann. Date
30-Jun-2022 | 30-Sep-2022
T4Q P/E | EY
-2.95 | -33.90%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
0.07 | 0.80
T4Q NP Margin | ROE
-29.50% | -27.16%
Market Buzz
News and Blogs
Company Profile
Sector: INDUSTRIAL PRODUCTS & SERVICES
Sector: INDUSTRIAL PRODUCTS & SERVICES
Subsector: BUILDING MATERIALS
Subsector: BUILDING MATERIALS
Description:
Minetech Resources Bhd is a Malaysia based company primarily engaged in the production of quarry products, civil engineering works, production of asphalt premix products and production of bituminous products. The products produced by the company are sold to developers or contractors in the property development or construction sectors. Majority of the revenue is generated from the Quarry products segment. Quarry products division includes extraction and the sale of granite quarry products. It offers civil and property construction services, such as blasting, roads and drainage, earthworks, and water reticulation and sewerage. The company?s quarries and premix manufacturing facilities are all located in Malaysia.
Discussions
12 people like this. Showing 50 of 11,016 comments
Bawang hangus dah. Whatever projects, if company didn't make money, it is announced for shiok sendiri.
2022-02-09 09:15
This counter got operator with little bullet. The largest shareholders Awang and Chin are the poor cashless shareholders
2022-02-17 14:03
Hope all their project still can carry on ?
Hope they don't use the right issue money to buy property
2022-02-17 20:23
Thank you Ripin for the history telling. Investors are forward looking. Please don't live in ancient times
2022-02-25 10:05
Yes Ismadi. I can't swallow supplement pills with quarry stones. It is hardly to digest well.. hahahaha
2022-02-26 22:15
ATEST QR
ANOTHER QUARTER OF LOSSES
MULTI YEAR AND MULTI QUARTER LOSSES
https://www.klsescreener.com/v2/stocks/financial-report/7219/2021-12-3...
https://www.klsescreener.com/v2/stocks/view/7219
2022-02-28 11:39
emilychee, Vincent.... Stop crying lah. Bring more biz to minetech. No ability, ask all lousy board to resign especially Chin family and awang family. Give Chin one quarry and they go play stone. Give awang one motor repair workshop and they go play with the screw and spanar
2022-03-04 09:21
Chairman sudah masuk politik lah under Parti Pesaka Bumiputera. No more money for Minetech
2022-03-22 19:20
FOR NEWBIES
After recent fund raising via issuance of 582,664,397 ICPS at 0.03, directors raising fund again via shares issuance to PP
=========
On behalf of the Board, TA Securities wishes to announce that the Board had on 21 April 2022 (“Price-fixing Date”) fixed the issue price for the first tranche of the Private Placement at RM0.063 per Placement Share (“Issue Price”).
The Issue Price of RM0.063 is at a discount of RM0.0156 or approximately 19.85% to the 5-day volume weighted average market price of Minetech Shares up to and including 20 April 2022 (being the last market day immediately preceding the Price-fixing Date) of RM0.0786 per Minetech Share.
This announcement is dated 21 April 2022.
https://www.klsescreener.com/v2/announcements/view/3536949
=================
https://www.klsescreener.com/v2/stocks/view/7219/minetech-resources-be...
Mostly loss making for past 10 years
Massive shares issuance cause dilution to shareholders equity % and EPS
NOSH continue to rise above BILLION shares
==============
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
2022-04-22 11:53
FOR NEWBIES
Types of corporate proposal Private Placement
Details of corporate proposal MINETECH RESOURCES BERHAD ("MINETECH" OR THE "COMPANY") PRIVATE PLACEMENT
No. of shares issued under this corporate proposal 22,800,000
Issue price per share ($$) Malaysian Ringgit (MYR) 0.0630
Latest issued share capital after the above corporate proposal in the following Units 1,188,413,800
Listing Date 06 May 2022
===================
Frequent fund raising raising via shares issuance to PP and ESOS
Dilution of shareholders equity % and EPS
NOSH keep rising above BILLION shares
Mostly annual loss making in last 10 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
2022-05-06 12:46
YTL Losses better buy YTL. YTL got fundamental and strong team. minetech got bunch of clowns running the show. Private placement oso expired, no takers. Largest shareholders chin and awang oso poor no cash fellow
2 months ago
Awang is depressing now...Got no new job and just able to raise money from others..what a shame..
2 months ago
For decades, Chin has only able to fundraise and then channel it to their private entity. Now Awang try to do the same but world is evolving with multimedia. Chin just got lucky to make fortune in era no multimedia. Now Chin wanna exit, Awang wanna exit.
Useless duo family
2 months ago
Minetech is teaming up to import and trade processed food products from South Korean food manufacturer Samyang Food Co Ltd.
2 months ago
1 April 2022 Minetec - Letter of Award for execution and completion of External Link Bridge, Covered Walkway and Associated Works for the Emerald 9 Cheras Development on Lot 809 and 810, Mukim Cheras, Daerah Hulu Langat, Selangor Darul Ehsan.
2 months ago
Riffin, you are really good setting of artificial dumb*** of Awang & Chin. A truly masterpiece of sh**
2 months ago
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