Minetech of Dato Awang Daud
A part of trading strategy that I prefer is by following certain investor/stakeholder's behavior. In a simple term, follow where the money goes, you'll be in safe hand.
But don't jump over the wagon directly. A trader's responsibility is not only putting money to companies that are making money, but to also study the business fundamental. Trust me, the more you study, the more it make sense and it is actually not even a rocket science.
Let's look at Minetech. The company has been steadily uptrend and in fact, have given return to some traders to more than 100%.
It's all made possible by one guy namely Dato’ Awang Daud bin Awang Putera.
So who is this guy?
He is the Executive Chairman of Minetech Resources Bhd and also a non-independent executive director and deputy CEO at Serba Dinamik Holdings Bhd. He has been collecting his shares accumulating to total of 25.9% of Minetech with the value of USD6.9mil.
So why Minetech?
Minetech is the largest mining company in Malaysia with 9 quarries all around malaysia and oversea. With the experience of more than 30 years, Minetech also experience in civil engineering works inclusive of drilling, blast services, earthworks and much more.
With Serbadinamik as the anchor, how does Minetech benefit from the Dato' Awang Daud appointment?
- To explain this we have to look at a list of projects from Serbadinamik. One of the projects recently awarded was the RM7bil worth of contract from UAE. The contract for the engineering, procurement and construction of an innovation hub, academic campus, related facilities and information technology (IT) infrastructure is set to start on May 14. Serba Dinamik said the scope of work included but was not limited to designing, engineering, procuring, supervising, managing, supplying, transporting, constructing, commissioning, and the remedying of any defects in connection with the project.
- Generally, UAE is a country which do have quite solid currency which will also benefit Serbadinamik to get raw material i.e. SANDS. Yes you read it right, sands. This is where Minetech came in March 2020 with the project awarded in April 2020.
- The timeline seems to be aligned so well...
- Recently the news of Minetech awarded with another project to build a school worth RM30mil. This has surely raise the price of Minetec even more.
Fundamentally, based on the current data, there is still no sign of hope. Except for the financial data where it started to be positive for net profit, with higher quarter on quarter growth. In this case, if you dont trust the business fundamental current data, you can trust Dato Awang Daud with his move. Follow where the money goes!
But don't jump over the wagon directly. A trader's responsibility is not only putting money to companies that are making money, but to also study the business fundamental. Trust me, the more you study, the more it make sense and it is actually not even a rocket science.
Let's look at Minetech. The company has been steadily uptrend and in fact, have given return to some traders to more than 100%.
It's all made possible by one guy namely Dato’ Awang Daud bin Awang Putera.
So who is this guy?
He is the Executive Chairman of Minetech Resources Bhd and also a non-independent executive director and deputy CEO at Serba Dinamik Holdings Bhd. He has been collecting his shares accumulating to total of 25.9% of Minetech with the value of USD6.9mil.
So why Minetech?
Minetech is the largest mining company in Malaysia with 9 quarries all around malaysia and oversea. With the experience of more than 30 years, Minetech also experience in civil engineering works inclusive of drilling, blast services, earthworks and much more.
With Serbadinamik as the anchor, how does Minetech benefit from the Dato' Awang Daud appointment?
- To explain this we have to look at a list of projects from Serbadinamik. One of the projects recently awarded was the RM7bil worth of contract from UAE. The contract for the engineering, procurement and construction of an innovation hub, academic campus, related facilities and information technology (IT) infrastructure is set to start on May 14. Serba Dinamik said the scope of work included but was not limited to designing, engineering, procuring, supervising, managing, supplying, transporting, constructing, commissioning, and the remedying of any defects in connection with the project.
- Generally, UAE is a country which do have quite solid currency which will also benefit Serbadinamik to get raw material i.e. SANDS. Yes you read it right, sands. This is where Minetech came in March 2020 with the project awarded in April 2020.
- The timeline seems to be aligned so well...
- Recently the news of Minetech awarded with another project to build a school worth RM30mil. This has surely raise the price of Minetec even more.
Fundamentally, based on the current data, there is still no sign of hope. Except for the financial data where it started to be positive for net profit, with higher quarter on quarter growth. In this case, if you dont trust the business fundamental current data, you can trust Dato Awang Daud with his move. Follow where the money goes!
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