Asian Micro    Last:0.003   -

Asian Micro - any news

Finally broke out today !

More to come ... ??

 

Hopefully it will break $0.030 by next week. Remain vest and good luck.

 

Suddenly on the top volume. Could be some good news on the way. Keep a look out.

Good luck.

 

Asian Micro Holdings Ltd  announced that, on 21 March 2011, the Company’s wholly owned subsidiary, Micro Brite Technology Pte Ltd has entered into a sales and purchase agreement with Mr Goh Kiaw in relation to the proposed disposal of its 51% equity interest in Suzhou Asian Micro Recovery Technology Co Ltd to Mr Goh for a total cash consideration of S$302,985.47. After the completion of the Proposed Disposal, the Company will not have any direct or deemed interest in SAMRT. On 22 March 2011, the Company’s wholly owned subsidiary, Asian Micro (S) Pte Ltd has entered into a sales and purchase agreement with Mr. Ling Leong Paul in relation to the proposed disposal of Micro Brite Technology Pte Ltd together with its 100% owned subsidiary Asian Micro Technology (Suzhou) Co. Ltd to Mr Ling for a total consideration of S$1. After the completion of the Proposed Disposal, the Company will not have any direct or deemed interest in Micro Brite Technology Pte Ltd and Asian Micro Technology ( Suzhou ) Co. Ltd.

 

/sgx

 

 

   Asian Micro Holdings Limited (“AMH” or the “Company”) informed that the Company’s wholly owned subsidiary AM NGV (S) Pte Ltd (“AMNGV”) has signed a 5-year contract on 28 December 2010 with Rolls-Royce Singapore Pte Ltd (“RRS”) to supply and transport Compressed Natural Gas (“CNG”) to RRS’s manufacturing facility at Seletar Aerospace Park , Singapore . The contract is for an initial period of 5 years from 1 January 2011 and may be extended by agreement. The total gas contract amount is approximately S$ 6.7 million. AMNGV will also provide the initial design, construction, operation and maintenance of the CNG Down-loading and Pressure Reducing Unit infrastructure. This infrastructure work for RSS is separately worth about S$2.345 million. The total order from RRS is approximately S$9.045 million.

/sgxmasnet/

 

 

Asian Micro losing money and now they are holding AGM :

1. To approve the payment of Directors’ fees of S$72,000 for the year ended 30 June 2008 (2007: S$58,300).

2.

This seem to be bad news for shareholders.

This seem to be happening with most counters.

Small time investors don't have a said in this.

What to do? Authority to issue shares under the Asian Micro Employees’ Share Option Scheme.

 

SembCorp Industries

service early next year. The CNG will be supplied and retailed by Sembcorp Gas at

SPC?s service station in Jalan Buroh. With this, Singapore motorists would be able to fill

up their CNG tanks as easily as pumping petrol or diesel at a service station, by early

next year. This will be the first CNG retail station on mainland Singapore as currently the

only CNG refuelling station, which is owned and operated by Sembcorp Gas, is on

Jurong Island. Under an agreement signed between SPC and Sembcorp Gas, CNG will

be retailed directly by Sembcorp Gas. The CNG facility, which is connected to 

Sembcorp Gas? underground pipelines, will be owned and operated by Sembcorp Gas.

(SGX)and SPC introduced first retail compressed natural gas (CNG)

 

today is my last day of posting here.

i'm now sharing my fundamental research here.

 

Lim Kee Hing now selling at 150lots at 0.12

Why? Is something wrong with the company?

Why did he buy 1000lots at 0.165 in the first place?

This is a way to ask investors to start selling and then he buy back.

 

AGM notice. Anyone know what will be the impact?

http://www.listedcompany.com/ir/asianmicro/newsroom/AGMNOTICE231007.pdf

 

They planning to issue rights. Maybe that explain increase in Price and Volume today.

How high will the price goes up? Maybe should get some now.

 

New updates on The NGV business:

27 Sep 2007

SO NGV Chiangmai NGV Conversion

25 Sep 2007

SO NGV Thailand Opens NGV Conversion Centre In Chiangmai

07 Sep 2007

Asian Micro Imports Compressed Natural Gas (CNG) Engines, CNG Mini Buses, CNG Trucks, & CNG Prime Movers/Tractor Heads Into Thailand

20 Aug 2007

ListedCompany Newsletter - CXO Interview

07 Aug 2007

S.O. NGV. (Thailand) Co., Activities

11 Jul 2007

Official Opening Of S.O. NGV. (Thailand) Co., Ltd On 8 July 2007

 

Q at 0.95. Didn't get any. Just be patient, it will come down to 0.95 later.

 

25th Sep 2007

Further to the full year financial statements announcement for financial year ended 30 June 2007, the Board of Directors of Asian Micro Holdings Limited (the "Company") wishes to advise that there are amendments to the profit and loss account and the translation reserve account by S$0.25million

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_DC85064D78284E874825736200363AFD/$file/Amendmenttofullyearresult2007.pdf?openelement

Look out for this just in case today there will be lot of selling off. Maybe time to pick some at bargain.

 

agree, i see it as short term distribution. it seem to formed a base at 0.1 and i believe it may launch to new higher from here. pennies hard to use TA as it is too volatile. it is still abv the 20 moving avearges.

 

Why would Lim Kee Liew buy 3500lots @0.16 or $0.5 million on 18th Jul 2007 ? Is he so sure that the NGV will make money ? He even made his son-in-law to buy into his company. Maybe he had did his homework already. Price been low but low volume. When NGV really work, I guess it should be above 0.16. This is likely long term investment.

 

The Edge Article

Please click here to view.

 

exactly, hence all CNG initiative has been prompted by the government like Petronas in Malaysia and PTT in Thailand. we could see some CNG action with SPC soon but resistance will come from the market share it will take from Petrol and Diesel which command higher margins.

looks like Asian Micro will have to set up it own CNG dispenser like one of the taxi operators. when we see more CNG dispensers in Singapore, the rest of the Oil Majors will follow :D

 

AsianMic take the correct approach. By investing stake in a already in business CNG installer in Malaysia it make their entry into Malaysia much easier. It seem to install vehicles to run on CNG require some certification and over a period of time to attain it, of which there is quite a lack of such expertise in Malaysia. By tapping on an existing outfit and imparting the CNG installation skills to them, it make the CNG entry into Malaysia market much easier.

Now it remains to be seen how are they positioning their CNG entry into Spore market which are usually dominated by SPC, Shell, ExxoMobil etc etc big oil companies. I believe they may face stiff resistance from them as it can potentially dent their profits which they have been enjoying for so many decades. A co-operation between them and AsiaMic look a more likely proposition. I wonder why oil companies not exploring the CNG business approach? Cuz it deviate from their core business and threaten their survival?

 

Well done Victor, working with the head snake in malaysia will give Asian Micro the head start

MEMORANDUM OF UNDERSTANDING FOR NATURAL GAS VEHICLE (?NGV?) CONVERSION BUSINESS IN MALAYSIA

Asian Micro Holdings Ltd (?AMH? or the ?Company?) is pleased to announce that the Company has signed a Memorandum of Understanding (?MOU?) with two share holders of Suria Professional Service Centre Sdn Bhd (?Suria?) on 12th September 2007 to invest RM250,000/- into Suria for a 25% stake. The investment will be funded through the proceeds from the private placement in July 2007. Its other subsidiary, SO NGV (S) Pte Ltd (?SO NGV Singapore?) will also invest RM50,000/- for a 5% stake on the total enlarged capital of RM800,000/-.

Suria is in NGV conversion business since 2005 and is a certified NGV installer in Malaysia. There is currently less than 20 certified installers in Malaysia. Suria has two NGV conversion workshops located in Tampoi (Johor), Batu Caves (Kuala Lumpur) and Suria intends to set up another conversion centre in Penang.

Through this strategic partnership, Suria hopes to learn the Dual Diesel Fuel (?DDF?) conversion for heavy duty diesel trucks, prime movers and long distance buses to run on 50% diesel and 50% natural gas. NGV conversions in Malaysia required a certified workshop with a certified installer, and such certification would normally take a substantial period of time.

ABOUT Suria and Gas prices in Malaysia

Suria is 51% owned by Sharida Abd Samad and 49% owned by Abdul Hady Bin Abd Samad. Suria started as a small auto repair shop and focus mainly on NGV conversion of petrol powered cars and taxi to NGV cars. Suria hopes that by having AMH as a strategic partner, Suria can learn and introduce DDF conversion in Malaysia, and both companies can benefit from such a joint venture.

In Malaysia, the price of compressed natural gas (?CNG?) is now priced at RM0.68/kg while the price of the diesel and petrol is approximately RM$1.58 and RM$1.88 to RM1.92/litre respectively. The substantial price saving of CNG versus diesel and petrol is expected to create a demand and incentives for NGV conversion in Malaysia especially for vehicles that travel on long distance