Mun Siong Engg    Last:0.033   -

Mun Siong

During covid, more and more cash rich companies are privatising.

Cheap valuations, cash-rich companies, low liquidity and strong brand franchise are some of the factors attracting predators to seek undervalued gems and takeover candidates on the SGX

SK jewellery
LCT
Next, I am waiting for Mun Siong
Almost 30mil cash in bank every year give dividends for what.
68.82 pct hold by Quek family
I am waiting for you to privatise us a good price.

 

Rex play
Means shell petroleum and Petronas play.
Both Mun Siong biggest customers
Need the volume to come to play up with Rex oil like interra

 

holding on......😒

 

I agree, sell volume also very Low. Will nibble if the price if the price gets lower.

MBULLISH      ( Date: 07-Sep-2020 12:48) Posted: Am keeping for the privatisation Believe the volume is coming in this couple days BB waiting for sudden action :) ThankYou      ( Date: 07-Sep-2020 12:33) Posted: Buy to keep better, if got privatisation.

 

Am keeping for the privatisation
Believe the volume is coming in this couple days
BB waiting for sudden action
:)

ThankYou      ( Date: 07-Sep-2020 12:33) Posted: Buy to keep better, if got privatisation.

 

Buy to keep better, if got privatisation.

 

This the only news recently. Can?t find other news
Why must increased paid up capital directed by giant Petronas ? And Taiwan paid up capital increased so much .
Next week see got any action from BB or not
Most of trades done above 70-77.


Pursuant to Rule 706A of the Listing Manual of Singapore Exchange Securities Trading Limited, Mun Siong Engineering Limited (?Company?), together with its related companies (the ?Group?) wishes to announce the following transactions that occurred during the first half year for the period ended 30 June 2020:
A. Increases in paid-up share capital
(1) On 4 March 2020, the Company injected RM245,000 (equivalent to SGD82,000) into HIMS Integrated Services Sdn Bhd (?HIMS?), representing the Company?s share of contribution to the paid-up share capital. The Company has a 49.0% interest in HIMS paid-up share capital.
Background information: On 21 August 2019, the Company entered into a Shareholders Agreement with a Malaysian partner, Highbase Strategic Sdn Bhd, to establish a joint venture company. The joint venture company will provide services to Petroliam Nasional Berhad (or ?Petronas?) including those of its joint venture partners in Malaysia. Pursuant to agreement with our joint venture partner, and directed by Petronas, the capitalisation of HIMS will be RM1.0 million (equivalent to S$327,000) and this will be completed in stages.
Please refer to the announcement dated 23 August 2019 for more details.
(2) On 21 April 2020, Mun Siong Engineering Limited Taiwan Branch in Kaohsiung, Republic of China (?Taiwan?), had increased its paid-up capital from TWD4,000,000 (equivalent to SGD176,000) to TWD20,000,000 (equivalent to SGD947,000). Taiwan Branch continues to be 100% owned by the Company.
Please refer to the announcement dated 22 April 2020 for more details.
B. Increase in paid-up share capital of indirect associate company - Pegasus Advance
Engineering Sdn Bhd (the ?PAE?)
On 16 January 2020, the Company?s wholly owned subsidiary, Mun Siong Engineering Sdn Bhd (the ?MSESB?), entered into a Shareholders? Agreement (?SHA?) with a Malaysian individual. Pursuant to SHA, the issued and paid up capital of PAE will be increased from its nominal RM1.00 (as at the date of incorporation) to RM750,000 (equivalent to SGD 245,000).
Upon the completion of the capital contributions, pursuant to the SHA, MSESB will have an interest of 49.0% in the paid-up share capital of PAE.
On 4 March 2020, MSESB has contributed RM367,500 (equivalent SGD 122,000) to PAE?s paid-up share capital.
Please refer to the announcement dated 17 January 2020 for more details.

 

If it stay this way strong to end of day, next Monday will be very likely we going 10 cent
I hope the BB do a powerful closing later
Cheong Mun siong

 

If you buy small
Just keep la
A lot of invisible buyers
Looks like going to 10 cent

ThankYou      ( Date: 04-Sep-2020 10:02) Posted: If you buy small can keep lah no need to worry bro. Just play small. mattohoh      ( Date: 04-Sep-2020 09:50) Posted: Bro my 0.073 abit high hor? You think should set at what rate for selling

 

U see 10 pct profits throw is nothing wrong
I want see if they are pushing even higher with volume in late afternoon or not
A lot of invisible hands here and there
Interesting
See how first for myself.
I see new queue to sell as high as 10 cent now

ThankYou      ( Date: 04-Sep-2020 09:57) Posted: I am not expert here. I see 10% profit I throw if within a day. Ask bro bullish he is more experienced. mattohoh      ( Date: 04-Sep-2020 09:50) Posted: Bro my 0.073 abit high hor? You think should set at what rate for selling

 

If you buy small can keep lah no need to worry bro. Just play small.

mattohoh      ( Date: 04-Sep-2020 09:50) Posted: Bro my 0.073 abit high hor? You think should set at what rate for selling? ThankYou      ( Date: 04-Sep-2020 09:49) Posted: Was looking at 64. Anyway, who knows later go up again. If buy small can hold a few days. Might be good money at any price if privatisation really done at 15 cents according to what has been mentioned

 

I am not expert here. I see 10% profit I throw if within a day. Ask bro bullish he is more experienced.

mattohoh      ( Date: 04-Sep-2020 09:50) Posted: Bro my 0.073 abit high hor? You think should set at what rate for selling? ThankYou      ( Date: 04-Sep-2020 09:49) Posted: Was looking at 64. Anyway, who knows later go up again. If buy small can hold a few days. Might be good money at any price if privatisation really done at 15 cents according to what has been mentioned

 

Like that must exit asap if not wait tio stuck than jialat

MBULLISH      ( Date: 04-Sep-2020 09:51) Posted: Can only say it?s fishy Normally no volume at all And strong buying Can only suspect got news that we don?t know That?s all See will halt for announcements or not 🙏 🏻

 

Can only say it?s fishy
Normally no volume at all
And strong buying
Can only suspect got news that we don?t know
That?s all
See will halt for announcements or not
🙏 🏻

 

Bro my 0.073 abit high hor? You think should set at what rate for selling?

ThankYou      ( Date: 04-Sep-2020 09:49) Posted: Was looking at 64. Anyway, who knows later go up again. If buy small can hold a few days. Might be good money at any price if privatisation really done at 15 cents according to what has been mentioned. mattohoh      ( Date: 04-Sep-2020 09:42) Posted: I wanted to buy at 0.062 hesitate abit. Went in at 0.073 argh! Hopefully up mor

 

Was looking at 64. Anyway, who knows later go up again. If buy small can hold a few days. Might be good money at any price if privatisation really done at 15 cents according to what has been mentioned.

mattohoh      ( Date: 04-Sep-2020 09:42) Posted: I wanted to buy at 0.062 hesitate abit. Went in at 0.073 argh! Hopefully up more ThankYou      ( Date: 04-Sep-2020 09:34) Posted: Big volume selling at 77 and above. Buyer volume thin.

 

I wanted to buy at 0.062 hesitate abit. Went in at 0.073 argh! Hopefully up more

ThankYou      ( Date: 04-Sep-2020 09:34) Posted: Big volume selling at 77 and above. Buyer volume thin.

 

Big volume selling at 77 and above. Buyer volume thin.

 

Like that better don&rsquo t touch.

MBULLISH      ( Date: 04-Sep-2020 09:06) Posted: I think privatise alrd This kind of grab and grab kind Will halt soon I think ThankYou      ( Date: 04-Sep-2020 09:04) Posted: Okay I stay out first. Thanks Bro

 

I think will come down soon. 0.056 maybe cannot get. Will grab at around 6 cents.