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Overview
Financial Highlight
HeadlinesBusiness Background 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.
  vincent Minetech Resources Berhad - Letter of Intent from Bumimaju MTE Engineering Sdn Bhd for the Appointment of Minetech Construction Sdn Bhd, a wholly-owned subsidiary of the Company as a Contractor to Undertake Civil Works related to Pipeline Laying Project in Hulu Grik, Perak Darul Ridzuan Award Project :22 April 2020. The Project is expected to take approximately 12 months from the date of securing the site, whilst the terms and conditions of the Project is to be finalized within 6 months time. Financial Effects :The Project is expected to contribute positively earnings FY 2021. https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3045444 05/05/2021 11:50 AM vincent Minetech Resources Berhad - Letter of Award from Mutual Premium Sdn Bhd to Minetech Construction Sdn Bhd, a wholly-owned subsidiary of the Company for the Execution and Completion of subcontract works in accordance to the Contract Drawings, Bill of Quantities and Specifications (including remedying of defects, if any) for "Pembinaan Sekolah Baharu 36 Bilik Darjah dan Lain-lain Kemudahan di SMK Pelangi Perdana, Parit Buntar, Perak Darul Ridzuan" Award Project : 15 May 2020 contract value : 30.395 million The Project will be commencing on 1 June 2020 and is expected to complete by 13 February 2021. Financial Effects : The Project is expected to contribute positively earnings for FY 2021. https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3050590 05/05/2021 11:51 AM vincent Minetech Resources Berhad - Letter of Award from ARNN Technologies Sdn Bhd to Techmile Resources Sdn Bhd, a wholly-owned subsidiary of the Company for project "Merekabentuk, membangun, membekal, memasang, mengkonfigurasi, menguji dan mentauliah Pusat Data Bersepadu" Award Project : 27 October 2020. contract value : 37.462 million The Works will commence upon acceptance of the service order and is expected to be completed within 24 months . Financial Effects : The Project is expected to contribute positively earnings for FY 2021 and FY 2022. https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3100030 05/05/2021 11:52 AM vincent Letter of Offer from K.H. Communication Sdn Bhd to Konsep Khas Sdn Bhd, an associate company of Minetech for the Sub-contract works for the Provision of Construction Services for the Supply, Delivery and Installation of Traffic Signs and Overhead Signboards for Development and Upgrading of Pan Borneo Highway in Sarawak - Phase 1 (Project) for Serian, Sri Aman, Bintulu and Miri Stretches Award Project : 10 November 2020 contract value : 15.04 million The Project is expected to start effective from 2 November 2020 which shall take approximately 12 months from the date of commencement, and the Project shall be completed on 1 November 2021. Financial Effects : The Project is expected to contribute positively earnings for FY 2021 . https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3103994 05/05/2021 11:53 AM vincent Andeli Solar is the main contractor for the Project appointed by Coral Power Sdn. Bhd owned subsidiary of Minetech Resources Berhad. OVE is engaged by Andeli Solar as the domestic sub-contractor to undertake the off-shore and on-shore works, which include EPCC and maintenance for the solar photovoltaic system under the Project. The project site is located at PT 18535, Persiaran Segari, Mukim Pengkalan Baharu, Daerah Manjung, Negeri Perak Darul Ridzuan. Appointment subcontractor :4 November 2020. EPCC development 10 MW Large Scale Solar Farm in Manjung Perak. (floating pond solar farm ) The work programme duration for the Project is expected to be 120 days from the commencement date. PPA with TNB : 21 years Financial Effects : The 10 MW SOLAR FARM is expected to start contribute earnings for FY 2021. https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3102702 05/05/2021 11:54 AM vincent Minetech has successfully registered itself as a Registered Solar PV Investor with Sustainable Energy Development Authority Malaysia (“SEDA”) under the Net-Energy Metering Programme (NEM 3.0). The implementation of NEM 3.0 programme was introduced by the Energy and Natural Resources Ministry (KeTSA) offer a quota of 500 megawatts (MW) from 2021 to 2023, which aims to encourage the growth of renewable energy, provide an opportunity for more users such as government agencies, houses of worship, as well as companies to install the solar photovoltaic (PV) systems on the roofs of their respective buildings. Minetech is now allowed by SEDA to sell electricity via Renewable Power Purchase Agreement (REPPA) under the NEM 3.0 programme to government agencies, businesses, and individuals. Transformation into renewable energy sector will complement Minetech business growth in the solar market, this will subsequently diversify our income sources. With Malaysia’s Government goals to increase energy sector has a promising prospect in the long run.” 3 March 2021 The registration is under The Net-Energy Metering Programme 3.0 By Sustainable Energy Development Authority Malaysia . Offer a quota : 500 MW from 2021 to 2023 https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3135525 05/05/2021 11:55 AM vincent Minetech Resources Berhad had today sealed an agreement with Uniqa (M) Sdn Bhd Uniqa for the record is a fintech solutions provider in Malaysia specialising in a suite of payment solutions. Its system is currently being used by local banks in Malaysia, focusing mainly on cross-border remittance payments. At present Uniqa is an approved system provider under section 40 of Bank Negara Malaysia’s (BNM) Money Service Business Act (MBSA) 2011. Uniqa currently has two local banks using its remittance system and is also working closely with its local partner bank to establish partnerships with a number of overseas banks in Indonesia, China, and the Philippines, as well as in the Middle East and Europe. Seals Agreement to Acquire : 12 Mar 2021 Financial Effects : The Uniqa is expected to contribute positively earnings for FY 2021 https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3138487 05/05/2021 11:57 AM vincent Minetech inks 3 year agreement for services to selinsing gold mine . Award Project : 11 March 2021 contract worth : 70 million Financial Effects : The selinsing gold mine work is expected to contribute positively earnings for FY 2021, FY 2022 and FY2023. https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3138072 05/05/2021 11:58 AM vincent Minetech secures project for the contructions of the sarawak ialamic skills institute Award Project : 3 May 2021 contract worth : 33 million The construction of Phase 2 of the Sarawak Islamic Skills Institute is part of Surat Setuju Terima (SST) of seven projects worth RM528 million. Financial Effects : The project is expected to contribute positively earnings for FY 2022. https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3154188 05/05/2021 11:59 AM tizzyt you can reference cypark they also 10mw RE every year contribution earning around 10 mil to 20 mil 05/05/2021 12:24 PM nickyeo55 hahaha some of the crazy writer here , if u r employ to write n paste old news only , this co sure cannot have a very good future. WHY ? THE QUALITY of the writer will reflect the ability of the person paying unnecessary to all of u. Hopefully is not this co BOSS., Hopefully all of u is just busy body writer who want the co to die faster. OR Is it because the boss wanted to make people fade up with the co so that he can collect cheap while others throwing ? HAHAHA Hopefully with crazy writer around this counter also can shoot up like CRAZY LA. 05/05/2021 2:26 PM farid Letter of Award from ARNN Technologies to Minetech contractor to undertake the contract works for Data Centers at a contract value of RM 37.46 million 11/05/2021 9:15 AM farid Minetech has won an RM30.4 million subcontract to build a new secondary school in Parit Buntar Perak.The job to build the 36-classroom SMK Pelangi Perdana work. 11/05/2021 9:15 AM farid Minetech has won RM15 million for the Sub-contract works for the Provision of Construction Services for the Supply, Delivery and Installation of Traffic Signs and Overhead Signboards for Development and Upgrading of Pan Borneo Highway in Sarawak . Phase 1 Project for Serian, Sri Aman, Bintulu and Miri . 11/05/2021 9:15 AM farid Minetech recently signed 3 year of the agreement the contract for waste removal, ore delivery and associated works for open-pit mining at Selinsing Gold Mine Project .The project worth approximately RM70 million for the three years to 2023. 11/05/2021 9:15 AM farid Minetech secured 33.69 million contract to undertake construction work development of the Sarawak Islamic Skills Institute. 11/05/2021 9:16 AM farid Minetech have build a large-scale solar photovoltaic (PV) plant of 10MW capacity in Manjung Perak 11/05/2021 9:16 AM AD40 Minetech signs 21-year PPA with TNB .Minetech owned subsidiary has signed a 21 year power purchase agreement (PPA) with TNB. Coral Power SB signed the PPA for the generation and sale of solar photovoltaic (PV) energy to TNB grid system at PPU Pantai Remis. The project will be done from its solar PV energy generating facility to be located in Manjung, Perak which has a capacity of 10 MW. 11/05/2021 10:40 AM farid Uniqa main focus for the past 8 years was providing a full remittance solution to the local banks.Uniqa helps banks to develop the remittance products, remittance system and link local banks to the top overseas correspondents’ partners across the world. Uniqa’s remittance systems have been registered and approved by Bank Negara Malaysia . Based on BNM’s letter dated 25 June 2015, Uniqa’s operation falls under the definition of remittance under the Money Service Business Act 2011 and approval has been granted to the licensee to use Uniqa’s system 12/05/2021 9:39 AM farid Uniqa System End-to-end remittance solution caters for outbound & inbound, Robust & Scalable System ,Real-time & secured transaction ,Open platform system with shorter development duration for licensee to use the system, Dashboard accessibility for monitoring, reporting and AML control, API ready with wide coverage of 14 countries, Bank will have a full control on the reporting system, pricing and mode of payments . 12/05/2021 9:40 AM farid Uniqa a remittance partnership with Hong Leong Bank Berhad and Bank Simpanan Nasional as remittance system provider. As of today, Uniqa’s System has been used in over 700 branches of the banks throughout Malaysia. The channels will further extend to internet banking, retail agent and mobile unit in the near future. 12/05/2021 9:40 AM farid 15 Apr 2021 DATO AWANG DAUD Acquired MINETEC 1,500,000 14 Apr 2021 DATO AWANG DAUD Acquired MINETEC 2,950,000 13 Apr 2021 DATO AWANG DAUD Acquired MINETEC 1,753,300 9 Apr 2021 DATO AWANG DAUD Acquired MINETEC 1,830,000 8 Apr 2021 DATO AWANG DAUD Acquired MINETEC 2,900,000 7 Apr 2021 DATO AWANG DAUD Acquired MINETEC 2,800,000 12/05/2021 9:41 AM UnclePho @farid, Allianz already sold the unit? Not anymore mentioning them it seems 12/05/2021 9:50 AM UnclePho @richardlam, latest filing for Allianz was July-2020. Anyway, annual report is out soon. We will see 12/05/2021 11:34 AM Aizudeen Zakaria if price drop 0.19-0.195, will enter again.... unlikely to drop till pp price 0.175... if price go up will watch only... i think this shares too diluted... lots of people stuck at 0.24 above... good luck guys 14/05/2021 6:00 AM  |
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