MINETECH RESOURCES BHD

KLSE (MYR): MINETEC (7219)

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Last Price

0.03

Today's Change

-0.005 (14.29%)

Day's Change

0.03 - 0.035

Trading Volume

667,900

Overview

Market Cap

36 Million

NOSH

1,188 Million

Avg Volume (4 weeks)

945,815

4 Weeks Range

0.03 - 0.05

4 Weeks Price Volatility (%)

0.00%

52 Weeks Range

0.03 - 0.125

52 Weeks Price Volatility (%)

0.00%

Previous Close

0.03

Open

0.03

Bid

0.03 x 9,048,200

Ask

0.035 x 2,268,800

Day's Range

0.03 - 0.035

Trading Volume

667,900

Financial Highlight

Latest Quarter | Ann. Date

30-Jun-2022 [#1] | 25-Aug-2022

Next QR | Est. Ann. Date

30-Sep-2022 | 29-Nov-2022

T4Q P/E | EY

-1.72 | -58.02%

T4Q DY | Payout %

0.00% | 0.00%

T4Q NAPS | P/NAPS

0.07 | 0.44

T4Q NP Margin | ROE

-24.52% | -25.35%

Market Buzz
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 11,025 comments

UnclePho

4 sen coming

2022-02-24 12:51

UnclePho

Thank you Ripin for the history telling. Investors are forward looking. Please don't live in ancient times

2022-02-25 10:05

UnclePho

Yes Ismadi. I can't swallow supplement pills with quarry stones. It is hardly to digest well.. hahahaha

2022-02-26 22:15

Legend

ICU sudah.

2022-02-28 17:14

Invest83

Lost 12 million, directors still enjoying fat salary. Holland Lia.

2022-03-03 10:15

UnclePho

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

UnclePho

These bunch of writers truly a machine, a copy and paste machine

2022-03-04 19:31

Michael R.

Why Gold? currently looks like to be consolidated...

2022-03-07 17:03

UnclePho

Chairman sudah masuk politik lah under Parti Pesaka Bumiputera. No more money for Minetech

2022-03-22 19:20

DatoKyle

Post removed.Why?

2022-04-05 13:58

UnclePho

Mariam, you are so close to bawang, you may ask him or else pls google

2022-04-17 17:22

MrXYZ

Post removed.Why?

2022-04-21 22:15

whistlebower99

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-berhad
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

whistlebower99

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

UnclePho

Its a donkey counter, no brain, no horsepower

2022-05-06 13:22

UnclePho

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

2022-05-10 10:26

Trojan888

Awang is depressing now...Got no new job and just able to raise money from others..what a shame..

2022-05-12 18:22

UnclePho

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

2022-05-13 19:17

SengGor1011

sry none of us know your remisier

2022-05-17 15:16

SengGor1011

my grandpa say serbk can go back rm2

:)

2022-05-17 15:16

Trojan888

There seems no future for minetec..keep on losses

2022-05-28 15:23

DickyMe4

Post removed.Why?

2022-05-30 16:17

matthewlaujc90

losses after losses...

2022-05-31 11:53

UnclePho

Riffin, you are really good setting of artificial dumb*** of Awang & Chin. A truly masterpiece of sh**

2022-05-31 20:22

Trojan888

Anybody here??hahaha...awang sihat tak?

2 months ago

Invest83

This counter, ICU dah

2 months ago

Trojan888

Minetec got no new job recently.. confirmed will keep losses.

1 month ago

BILLC

Tutup kedai soon,,,,

1 month ago

UnclePho

Useless counter

1 month ago

UnclePho

Checking to audited accounts inSSM, the financial result of Empada wasn't impressive as what Hali mentioned

3 weeks ago

Michael R.

My prediction in March..
Now u see it is realised...

0.030 possible? then consolidation & RI? Follow AGES style..

Michael R.

Why Gold? currently looks like to be consolidated...

2022-03-07 17:03

3 weeks ago

riffin

Minetech Resources Berhad a civil engineering specialist and bituminous products manufacturer, today announced that the Company registered a 43.2% rise in revenue for the first quarter ended 30 June 2022 (“1Q FY2023”) to RM24.05 million compared with RM16.80 million in the corresponding quarter of the last financial year (“1Q FY2022”).

3 weeks ago

riffin

Minetech’s civil engineering division posted revenue contribution of RM13.7 million for
1Q FY2023, a gain of 34.3% compared with RM10.2 million in 1Q FY2022. The manufacturing division, which
produces bituminous products for pipe coating, waterproofing and sealing, recorded revenue contribution of
RM5.85 million, a gain of 75.1% compared with RM3.34 million in 1Q FY2022.

3 weeks ago

riffin

Matt Chin, Executive Director of Minetech, said, “The civil engineering division’s contribution was supported by higher revenue from the Selinsing Gold Mine in the quarter under review compared to the corresponding quarter of the previous financial year as production regained traction while the manufacturing division saw a significant rise in revenue due to an increase in sales as a result of improved demand from water
piping and road paving projects.” Recent news flow point to firmer domestic economic growth and the announcement of the MRT3 project together with the continuation of other large civil infrastructure projects is positive for the construction sector as there will be need for civil engineering services as well as bituminous products.”

3 weeks ago

riffin

Minetech is teaming up to import and trade processed food products from South Korean food manufacturer Samyang Food Co Ltd.

3 weeks ago

riffin

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.

3 weeks ago

riffin

Minetec Revenue for 1Q Rises 43.0% to RM24 Million

3 weeks ago

nizam

buy Gamuda

3 weeks ago

nizam

buy YTL

3 weeks ago

roshazli

buy MI

2 weeks ago

mariam

AIMFLEX sleeping beauty

1 week ago

mariam

buy aimflex better

4 days ago

UnclePho

Ripin ohhh ripin... Truly chinhuahua

1 day ago

chongming

Awang selling aimflex

17 hours ago

kenie

5 Sep 2022 AWANG DAUD BIN AWANG PUTERA Disposed AIMFLEX 28,707,200

17 hours ago

kenie

8 Sep 2022 AIMFLEX AWANG DAUD BIN AWANG PUTERA Disposed 26,292,000

17 hours ago

kenie

2 Sep 2022 AWANG DAUD BIN AWANG PUTERA Disposed AIMFLEX 110,482,000 (5,515,100 shares 0.3750%)

17 hours ago

kenie

13 Sep 2022 AWANG DAUD BIN AWANG PUTERA Disposed AIMFLEX 5,515,100

17 hours ago

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