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MMAG (0034) : MMAG HOLDINGS BERHAD
cyrix8
Member Star
Posts: 1
Joined: Feb 2012
17 Feb 2012, 11:48 PMPost #1
anyone interested in this counter ?
Asriel
Member Star
Posts: 149
Joined: May 2012
16 Aug 2012, 12:05 PMPost #2
anyone interested in this counter ?cyrix8 @ 17 Feb 2012, 11:48 PM
This counter has been losing money for years but the price has been rocketing high recently. Because insider has released news that this company is recovering from negative to positive eps gain.
cyrix888
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Posts: 2
Joined: Aug 2012
20 Aug 2012, 10:29 AMPost #3
is there anyone keeping an eye on 0034 lately ?
Asriel
Member Star
Posts: 149
Joined: May 2012
21 Aug 2012, 11:10 AMPost #4
is there anyone keeping an eye on 0034 lately ?cyrix888 @ 20 Aug 2012, 10:29 AM
This counter has been requested to answer Unusual Market Activities by BM Security and the correspondence can be found at http://www.ingenuity.com.my/announcement/historical/UNUSUAL-MARKET-ACTIVITY.pdf. Do u have your own opinion or observation/finding to share?
Asriel
Member Star
Posts: 149
Joined: May 2012
21 Aug 2012, 01:19 PMPost #5
is there anyone keeping an eye on 0034 lately ?cyrix888 @ 20 Aug 2012, 10:29 AM
Hey, cyrix888, I have discovered one thing abt this counter which probably explain why this counter has sky rocketedly high...This counter has though been a loosing company, but has anyone pay attention to its trend.. the deficit gap has been closing ever since from 2010 to 2012 financial years. And its last~recent qtrly report showed for its first time ever made a positive eps gain. Aha...rolleyes....got the point?....it is another excellent company that has been growing steadily without us knowing, turning from negative to become positive now ...but those who know it now, has been panicking buying....that's what probably explains its recent crazy market activity... agree?
cyrix888
Member Star
Posts: 2
Joined: Aug 2012
12 May 2013, 11:42 PMPost #6
ingenco is going up
moneymoney
Member Star
Posts: 1
Joined: Aug 2014
16 Aug 2014, 10:45 AMPost #7
anyone interested in this counter ?cyrix8 @ 17 Feb 2012, 11:48 PM
this company director just Acquired 20,000.00 (Rm0.10) via Employees' Share Option Scheme 06/08/2014....think can start monitoring this company....the share price should up to Em0.10 & above....
okass87
Member Star
Posts: 176
Joined: Dec 2011
25 Apr 2015, 01:39 PMPost #8
靈通綜合 連日逾億股易手

(吉隆坡3日訊)靈通綜合(INGENCO,0034,創業板科技)管理層或出現變動消息傳出后,該股交投持續不退燒,繼昨日之后成交量迅速突破1億股大關,蟬聯熱門股榜冠軍位子。

 靈通綜合獲投資者熱烈追捧,開盤時揚0.5仙至9仙,交投增長迅速十分,休市已達1億2854萬1000股,股價暫報9仙,起0.5仙。

 閉市時,該股起0.5仙至9仙,成交量1億3880萬4300股,蟬聯熱門股榜榜首位置。

 根據早前報導,吉運速遞(GDEX,0078,主要板貿服)前任執行董事黃英蘇(譯音)在上週四(26日)通過收購Firstwide Success私人有限公司,持有靈通綜合9.22%股權成為大股東。

 另一方面,靈通綜合前董事經理陳文龍在同一天全面脫售Firstwide Success股權,不再是靈通綜合大股東。

 黃英蘇于前日正式辭去吉運速遞執行董事一職,市場揣測他可能將進入靈通綜合擔任管理層職位。

 吉運速遞閉市時起3仙至1.75令吉,成交量71萬7300股。

http://www.chinapress.com.my/node/611576
okass87
Member Star
Posts: 176
Joined: Dec 2011
25 Apr 2015, 01:39 PMPost #9
Former GDEX COO Wong now Ingenco's MD

KUALA LUMPUR (Apr 3): Ingenuity Consolidated Bhd (Ingenco) today announced that Wong Eng Su, former GD Express Carrier Bhd (GDEX) ( Financial Dashboard) executive director cum chief operating officer (COO), is now its new managing director (MD).

According to Ingenco’s filing with Bursa Malaysia, the appointment is effective today. The position was left vacant after previous MD Chin Boon Long resigned on Feb 13, 2015, due to "health reason and other personal commitments".

Rumours emerged that Wong would be taking over the helm at Ingenco after he bought over Chin’s entire equity interest in Firstwide Success Sdn Bhd last Thursday (Mar 26), an outfit that owns 9.22% stake in Ingenco.

Wong had subsequently resigned both of his position as GDEX executive director and COO on Apr 1, according to GDEX’s statement to the local exchange today.

Consequently, current GDEX MD cum chief executive officer Teong Teck Lean will assume Wong’s previous role in this interim period.

Ingenco rose half sen or 5.88% to 9 sen today; it is the most traded counter today, having 138.8 million shares done. Its current price gives it a market capitalisation of RM85.84 million.

GDEX on the other hand was up three sen or 1.74% at RM1.75, which gives it a market capitalisation of RM2.08 billion.
okass87
Member Star
Posts: 176
Joined: Dec 2011
25 Apr 2015, 01:40 PMPost #10
灵通综合大股东黄英肃 辞吉运速递执行董事

(吉隆坡2日讯)早前崛起为灵通综合(INGENCO,0034,创业板)大股东的黄英肃(译音),宣布辞退在吉运速递(GDEX,0078,主板贸服股)的执行董事一职,从本月1日起生效。
根据文告,身兼吉运速递总营运长的黄英肃,以追求其他个人兴趣为由,递上辞呈。
日前有消息称,他崛起成为灵通综合的大股东后,还将成为灵通综合的新董事经理。值得注意的是,黄英肃是在上周五向灵通综合前任董事经理陈文龙,买进9.22%股权。
今年44岁的黄英肃,是Firstwide Success私人有限公司的大股东,通过后者持有灵通综合的9.22%股权。
okass87
Member Star
Posts: 176
Joined: Dec 2011
03 May 2015, 05:07 PMPost #11
Ingenco director sells shares for 17 sen

PETALING JAYA: Information technology firm Ingenuity Consolidated Bhd’s (Ingenco) director Lim Boon Hong has sold 20 million Ingenco shares for 17 sen each in an off-market transaction.

The shares represented 2.1% of the company’s outstanding shares. The transaction price is a 100% premium over Ingenco’s market price of 8.5 sen.

GD Express Carrier Bhd’s (GDEx) former chief operating officer Wong Eng Su had emerged in Ingenco on March 23. He resigned from the express carrier on Tuesday after 14 years of service to “pursue other personal interests”. Sources told StarBiz that Wong would take over as Ingenco’s new managing director. Wong had bought 9.22% from Ingenco’s former MD and shareholder Chin Boon Long, who resigned in February.

Separately, GDEx said its MD Teong Teck Lean would oversee the express carrier’s operations with its senior management team.

http://www.thestar.com.my/Business/Business-News/2015/04/03/Ingenco-director-sells-shares-for-17-sen/?style=biz
okass87
Member Star
Posts: 176
Joined: Dec 2011
03 May 2015, 05:08 PMPost #12
New shareholder for Ingenco

PETALING JAYA: A new shareholder has emerged in ACE market-listed Ingenuity Consolidated Bhd (Ingenco) and he is said to take over as the company’s new managing director.

GD Express Carrier Bhd’s (GDEx) chief operating officer Wong Eng Su bought a 9.22% stake from Ingenco’s former managing director Chin Boon Long last Friday.

Chin and his wife, Chan Swee Ying, are no longer substantial shareholders of Ingenco after they sold off their shares in a private vehicle, Firstwide Success Sdn Bhd, to Wong.

Chin, 47, resigned as the technology company’s managing director due to “health reason and other personal commitments” on Feb 13.

Sources said Wong would be succeeding Chin.

Based on Ingenco’s website, the company provides business software solutions, system integration and services to its clients.

Its clients come from various sectors like services, manufacturing, telecommunications, retail, hospitality and automotive.

The new shareholder, 44-year-old Wong, joined GDEx as sales executive 15 years ago and was appointed a director in 2013. Currently, he takes charge of the express carrier’s business operations.

On the other hand, Chin started his career in the information and communications technology field 20 years ago. Subsequently, he bought into a private company that became one of the authorised dealers of Acer desktops in the country.

Chin also used to be a board member of another technology firm 1 Utopia Bhd.

Interestingly, he resigned from 1 Utopia on the same day he announced his resignation at Ingenco for personal health reason.

Before selling the stake, Chin and his wife were the biggest shareholders in Ingenco.

Chin was under the spotlight three years ago when little-known Ninetology Marketing Sdn Bhd offered to buy 39% of Ingenco shares for 55 sen each. The offer was made to four Ingenco shareholders including Chin.

Back then, Chin held 29% of Ingenco shares and turned down Ninetology’s offer, which represented a huge premium over its market price.

Two weeks ago, the company requested for a further extension for its proposal to place out up to 10% of its issued and paid-up capital.

The private placement was announced last July and the company sought further extension from March 19 until April 18 to complete the exercise. For the third quarter ended Dec 31, 2014, Ingenco made a profit of RM256,000 on the back of RM99.3mil revenue.

Its net assets per share for the period was 10.24 sen.

In the first nine months, it made losses of RM13.4mil and revenue of RM288.59mil.

Ingenco closed 0.5 sen higher at 8.5 sen with a turnover of 19 million shares.

Year-to-date, the stock has climbed 54%, giving it a market cap of RM81.07mil.

http://www.thestar.com.my/Business/Business-News/2015/04/01/New-shareholder-for-Ingenco/?style=biz
okass87
Member Star
Posts: 176
Joined: Dec 2011
03 May 2015, 05:09 PMPost #13
Ingenco stirs interest on entry of new shareholder

THE entry of a new shareholder and a management shake-up has stirred interest in information technology firm Ingenuity Consolidated Bhd (Ingenco).

For starters, filings with Bursa Malaysia yesterday showed that Wong Eng Su, GD Express Carrier Bhd’s (GDEx) former chief operating officer, has been appointed as Ingenco’s new managing director (MD).

Wong emerged in Ingenco on March 23. He had resigned from the express carrier earlier this month after 14 years of service to “pursue other personal interests”.

Wong bought 9.22% from Ingenco’s former MD and shareholder Chin Boon Long, who resigned in February due to “health reasons and other personal commitments”. With this transaction, Chin and his wife, Chan Swee Ying, are no longer substantial shareholders of Ingenco.

The second key appointment in Ingenco was made a month ago.

Jeff Chong, Maxis’ former vice-president of Mobility Products and International Service, has been appointed as Ingenco’s new chief executive officer (CEO). He left Maxis in July 2013.

Then, on Thursday afternoon Ingenco director Lim Boon Hong sold 20 million Ingenco shares or 2.1% of the company’s paid-up capital for 17 sen each in an off-market transaction.

More mind-boggling, though, is the fact that the transaction price is almost a 100% premium over Ingenco’s market price of nine sen.

One cannot help but wonder what is going on in Ingenco.

It certainly triggers a sense of déjà vu.

Recall that three years ago, Ingenco’s Chin was under the spotlight when little-known Ninetology Marketing Sdn Bhd offered to buy 35% of Ingenco shares for 55 sen each. The offer was made to four Ingenco shareholders, including Chin. Back then, Chin held 29% of Ingenco shares.

Ninetology was Ingenco’s business partner.

Despite the unbelievable offer of 55 sen per share, Chin refused the offer, which would have made him RM90mil. Chin’s rejection caused the offer to fall through, as did the stock price.

Ninetology’s offer caused Ingenco’s stock price to surge to a multi-year high of 51 sen, when just a few months prior to that, it was hovering at the 10-sen level.

Ingenco closed at nine sen yesterday and was the most actively traded counter of the day.

The question remains as to what is Wong’s plan in taking up a stake in Ingenco? Also, it remains to be seen if he would emerge as the largest shareholder of the company.

The 44-year-old joined GDEx as a sales executive 15 years ago and was appointed director in 2013. In GDEx, he was in charge of the express carrier’s business operations.

While the purchase price of his 9.22% stake is unknown, assuming it was done at a market price of nine sen, this would translate to roughly RM7.9mil. That is a lot of money going into a loss-making entity. It is also presently unknown whether Wong is the buyer of the additional 2.1% from the off-market transaction.

When contacted by StarBizWeek, Wong said that he was unable to comment at the moment.

“I am now in a transition period. However, my official resignation from GDEx has been announced. My new endeavour is based on my personal interest,” he said.

Nonetheless, it is very likely that Wong’s presence would be in line with Ingenco’s plans to tap into the e-commerce services and courier business, something Chin had previously highlighted in 2013.

Chong, the new CEO of Ingenco, says that he joined Ingenco because he sees more opportunities than downside.

“In the telecommunications sector, there is a gap between the needs of the telco operators and the supporting companies. Right now, we want Ingenco to be that value-adding company for the telco operators.”

He added that broadly, Ingenco would focus on its Third Party Logistics (3PL) and Fourth Party Logistics segment for telco operators.

“This is something Ingenco can do because we already have the system and processes. Through this, we will be able to go for the big bidding exercises with the telco operators,” said Chong, who has been in the telco sector for close to two decades. He was with Maxis for more than 7½ years and DiGi for 10.

He explains that for the moment, the company would be growing organically.

While it would maintain its traditional distribution business, its new pillars would include its e-commerce platform, a focus on supply chain management, as well as being the fulfilment arm for telecommunications operators.

“Distribution is transactional revenue, and we know that is not sustainable. However, when we are involved in supply chain management, we get to generate recurring income. That is what we are looking to achieve for Ingenco,” says Chong.

Ingenco is an investment holding company involved in four core businesses, namely, business software solutions, systems integration and services, ICT hardware and software distribution and services, and telecommunications products and distribution services.

For the third quarter ended Dec 31, 2014, Ingenco made a profit of RM256,000 on the back of RM99.3mil in revenue.

Its net assets per share for the period was 10.24 sen.

In the first nine months, it made losses of RM13.4mil and a revenue of RM288.59mil. The company currently has cash of RM9.6mil. It has short-term borrowings of RM9.6mil and long-term borrowings of RM7.59mil.

http://www.thestar.com.my/Business/Business-News/2015/04/04/Ingenco-stirs-interest-on-entry-of-new-shareholder/?style=biz
1

yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry

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