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KLCI Slips At Midday While Mid-Caps Muscle Ahead
KLCI Slips At Midday While Mid-Caps Muscle Ahead

BusinessToday

time09-07-2025

  • Business
  • BusinessToday

KLCI Slips At Midday While Mid-Caps Muscle Ahead

Bursa Malaysia closed the morning session on Tuesday with mixed performance across key indices, as the benchmark FBM KLCI slipped 2.74 points to 1,527.40 at 12.30pm, weighed down by selected heavyweights despite gains in broader market segments. The FBM 70 outperformed with a 0.43% gain or 71.76 points to 16,609.66, while the FBM Shariah Index added 26.62 points to 11,459.06. The broader FBM EMAS Index saw a marginal rise of 0.05 points to 11,468.19, and the FTSE4Good Bursa Malaysia Index eased slightly by 0.24 points to 927.31. Market sentiment was buoyed by persistent interest in small and mid-cap counters, evident in the most actively traded stocks. PMCC Group topped the list with over 1.3 billion shares traded, rising half a sen to 22.5 sen. NEXG climbed 1 sen to 44.5 sen with over 500 million shares changing hands, while MRCB surged 4 sen to 54.5 sen amid brisk trading. Zetrix, however, edged down 0.5 sen to 96.5 sen despite active trading, while Tanco gained 0.5 sen to 89.5 sen. Investor focus remained on global macroeconomic cues and regional developments, with the upcoming US inflation data and continued geopolitical tensions weighing on risk appetite. At the same time, Malaysia's domestic corporate updates and government-led digitalisation efforts have kept retail interest alive in technology and construction-related counters. Overall, sentiment appeared cautious ahead of fresh catalysts, with investors taking a wait-and-see approach in the lead-up to earnings season and regional monetary policy cues. Related

NEXG charts strong growth path
NEXG charts strong growth path

New Straits Times

time07-07-2025

  • Business
  • New Straits Times

NEXG charts strong growth path

KUALA LUMPUR: NEXG Bhd, the principal technology provider for Malaysia's MyKad national ID project since 2012, is gearing up for its next growth phase with a planned private placement and warrants issuance that could raise up to RM428 million in fresh capital. The funds will support its factory acquisition, debt repayment, and ongoing research and development (R&D) initiatives. While these corporate exercises may be dilutive in the short term, they are expected to enhance NEXG's financial flexibility as it undertakes its first major international expansion, according to Rakuten Trade vice president of research Thong Pak Leng. He noted that the private placement of up to 10 per cent of its issued shares could raise up to RM133.7 million, while the 1.39 billion warrants issued at an exercise price of 21.17 sen per unit could bring in up to RM428 million if fully converted. Thong said while the placement and warrants will dilute earnings per share, they will equip NEXG with sufficient capital to deliver on its international expansion plans while continuing to strengthen its domestic business. "We reckon the investment into the global secure ID facility is not only to elevate NEXG's earnings profile but also to diversify its revenue base beyond Malaysia, paving the way for longer-term sustainability and resilience in a globally competitive market," he said in a research note. NEXG produces high-security identity documents and provides end-to-end solutions for chip-enabled passports, national ID cards, polycarbonate biodata pages, and specialised driving licences. Since 2012, the company has been the principal technology provider for Malaysia's MyKad national ID programme and, since 2016, has also supplied e-passport solutions to the Malaysian government. The company's current order book stands at about RM570 million, anchored by its ongoing national ID and passport programmes, providing strong earnings visibility. In line with its expansion strategy, NEXG plans to construct a new RM250 million high-security identity document production facility, its first large-scale venture abroad. The plant will be developed in three phases, with each phase expected to generate between US$100 million and US$200 million (RM421 million to RM842 million) in revenue, depending on project scope, document type, country-specific standards, and security complexity. This expansion will be funded through a mix of borrowings, proceeds from the private placement, and internal funds. To cater to increasing domestic demand, the group is acquiring a 30,000 sq ft factory in the Klang Valley for RM18.4 million, alongside a RM1.6 million investment in machinery upgrades to ease capacity pressure at its fully utilised Petaling Jaya plant. Concurrently, NEXG will invest RM6 million in R&D to advance its biometric authentication, anti-fraud solutions, and mobile platforms, and allocate RM4 million for ERP and IT system upgrades to drive its digital-first operations. Rakuten Trade has maintained its BUY recommendation on the stock with a target price of 61 sen, valuing it at 23 times its fully diluted earnings per share (EPS) for the financial year ending March 2027 (FY3/27). This valuation represents a slight discount to the regional sector average, reflecting NEXG's comparatively smaller scale. Thong said the FD EPS estimate takes into account an enlarged share base, assuming the full exercise of the group's employee stock options, its private placement, and the conversion of 1.39 billion warrants over three years (with one-third converted annually from FY3/26 to FY3/28).

NexGold secures key permit for Nova Scotia gold mine
NexGold secures key permit for Nova Scotia gold mine

The Market Online

time17-06-2025

  • Business
  • The Market Online

NexGold secures key permit for Nova Scotia gold mine

The government of Nova Scotia has granted NexGold Mining (TSXV:NEXG) Industrial Approval for its Goldboro gold mine in the eastern part of the province NexGold is a gold-focused company developing a project portfolio spread across Canada and Alaska NexGold stock has given back approximately 10 per cent since adopting the NexGold name in July 2024 The government of Nova Scotia has granted NexGold Mining (TSXV:NEXG) Industrial Approval for its Goldboro gold mine in the eastern part of the province. Following a final review, with a date of completion notice expected within 60 days, the permit will allow for the operation, construction and reclamation of a surface mine, setting a series of conditions to mitigate potential adverse environmental effects. The application, submitted in August 2023, follows a successful Environmental Assessment in 2022. According to Tuesday's news release, 'the IA is typically one of the last permits to be issued by the Government of Nova Scotia to allow for the commencement of construction and eventual operations.' The feasibility-stage Goldboro project holds an estimated after-tax net present value of C$328 million, with initial capital costs of C$271 million, and houses proven and probable reserves of 1.15 million ounces of gold, measured and indicated resources of 2.58 million ounces and inferred resources of 484,000 ounces. Proven and probable reserves alone translate into over US$3.8 billion in the ground – using the gold price of US$3,381 per ounce at the time of writing – representing an exponential multiple beyond the company's current C$114 million market capitalization. Leadership insights 'We are extremely proud to receive the notice that our Industrial Approval submissions have been deemed complete by the Government of Nova Scotia,' Kevin Bullock, NexGold Mining's president and chief executive officer, said in a statement. 'This is a major milestone that paves the way for the potential development of the Goldboro gold project. The letter we received is the culmination of years of work by the NexGold team and we look forward to future constructive dialogue with the province to work towards a positive IA conclusion in the next two months.' About NexGold Mining NexGold is a gold-focused company developing a portfolio spread across Canada and Alaska. NexGold stock (TSXV:NEXG) is up by 0.63 per cent trading at C$0.80 as of 10:49 am ET. The stock has given back approximately 10 per cent since adopting the NexGold name in July 2024. Join the discussion: Find out what everybody's saying about this Canadian gold stock on the NexGold Mining Corp. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

NEXG Berhad's (KLSE:NEXG) market cap rose RM174m last week; retail investors who hold 37% profited and so did insiders
NEXG Berhad's (KLSE:NEXG) market cap rose RM174m last week; retail investors who hold 37% profited and so did insiders

Yahoo

time20-05-2025

  • Business
  • Yahoo

NEXG Berhad's (KLSE:NEXG) market cap rose RM174m last week; retail investors who hold 37% profited and so did insiders

NEXG Berhad's significant retail investors ownership suggests that the key decisions are influenced by shareholders from the larger public 51% of the business is held by the top 12 shareholders Insiders own 24% of NEXG Berhad Our free stock report includes 3 warning signs investors should be aware of before investing in NEXG Berhad. Read for free now. Every investor in NEXG Berhad (KLSE:NEXG) should be aware of the most powerful shareholder groups. And the group that holds the biggest piece of the pie are retail investors with 37% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. While retail investors were the group that benefitted the most from last week's RM174m market cap gain, insiders too had a 24% share in those profits. Let's take a closer look to see what the different types of shareholders can tell us about NEXG Berhad. See our latest analysis for NEXG Berhad Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. NEXG Berhad already has institutions on the share registry. Indeed, they own a respectable stake in the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see NEXG Berhad's historic earnings and revenue below, but keep in mind there's always more to the story. Hedge funds don't have many shares in NEXG Berhad. The company's CEO Abu Bin Noordin is the largest shareholder with 7.8% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 5.9% and 4.7%, of the shares outstanding, respectively. A closer look at our ownership figures suggests that the top 12 shareholders have a combined ownership of 51% implying that no single shareholder has a majority. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. Our information suggests that insiders maintain a significant holding in NEXG Berhad. Insiders have a RM265m stake in this RM1.1b business. It is great to see insiders so invested in the business. It might be worth checking if those insiders have been buying recently. The general public, who are usually individual investors, hold a 37% stake in NEXG Berhad. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. Our data indicates that Private Companies hold 21%, of the company's shares. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. It's always worth thinking about the different groups who own shares in a company. But to understand NEXG Berhad better, we need to consider many other factors. Case in point: We've spotted 3 warning signs for NEXG Berhad you should be aware of, and 1 of them is a bit unpleasant. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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