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
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

UnclePho

Post removed.Why?

2022-02-08 15:56

malinfan

me not touching this at the moment ... bought Air-Asia ... better deal

2022-02-08 16:33

WMY2188

TQVM #Mr riffin

2022-02-09 06:05

Invest83

Bawang hangus dah. Whatever projects, if company didn't make money, it is announced for shiok sendiri.

2022-02-09 09:15

Legend

Ding dong only

2022-02-09 10:17

UnclePho

Ripin ripin....ohhh ripin

2022-02-11 10:18

UnclePho

This counter got operator with little bullet. The largest shareholders Awang and Chin are the poor cashless shareholders

2022-02-17 14:03

whkwoon

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

MrXYZ

Minetec sendu... Takde dapat job baru ke pak cik awang?

2022-02-21 22:53

zai

7.5c sekarang 6.5c is not a dream ..

2022-02-24 10:40

mariam

zai YOU WANT BUY 6.5c

2022-02-24 10:42

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

mariam

UnclePho what is Parti Pesaka Bumiputera ?

2022-04-08 11:29

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-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

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

nizam

UnclePho buy Gamuda IJM YTL

2022-05-06 16:09

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

2 months ago

Trojan888

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

2 months ago

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

2 months ago

SengGor1011

sry none of us know your remisier

2 months ago

SengGor1011

my grandpa say serbk can go back rm2

:)

2 months ago

Trojan888

There seems no future for minetec..keep on losses

2 months ago

DickyMe4

Post removed.Why?

2 months ago

riffin

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

2 months ago

nizam

Trojan follow buy YTL

2 months ago

matthewlaujc90

losses after losses...

2 months 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.

2 months ago

UnclePho

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

2 months ago

leeling

Nizam come theme park play and buy Genting better

2 months ago

roshazli

buy YBS

2 months ago

Trojan888

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

1 week ago

Invest83

This counter, ICU dah

1 week ago

koey

hope can buy below 5c

1 week ago

benzema

inflations everything up ... only this minetec prices drop hahaha...

1 week ago

sakthi

woah.....so low

1 week ago

Trojan888

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

5 days ago

BILLC

Tutup kedai soon,,,,

2 days ago

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