Bahvest Resources Berhad

Titan Trading Notes For Monday [14/4/2025]:

KLCI retraced back towards the 1457 points region with an overall mixed market sentiment as we still saw over 460 counters closing red for the day along with it. Daily trading volume remains low around the 2.2 billion mark, which isn't really good.

Main stocks that showed strong buying momentum would be the likes of MYEG, SUPERMX, GENM, VELESTO, AUMAS, NATGATE, UEMS, JCY, NEXG, SIMEPROP, and OPPSTAR. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

$NATGATE / 0270 (NATIONGATE HOLDINGS BERHAD) despite retracing all the way back towards the RM 1+ support levels from the past week of panic selling, was able to rebound back strong towards the RM 1.23+ regions with good volume and buying momentum.

For now could have bottomed out already and if able to keep this up, could breakout from its RM 1.30+ main downtrend resistance and start rebounding back further towards the RM 1.45 - RM 1.50+ resistance levels soon in the coming weeks.

Will be monitoring NATGATE closely.

As gold prices hit an all time high of over $3200, it wasn't surprising to see $BAHVEST / 0098 (BAHVEST RESOURCES BERHAD) breakout back towards the RM 0.70+ regions. To be honest, AUMAS shouldn't even have dropped from the RM 0.85+ regions all the way towards the RM 0.56+ levels during the widespread panic sell off as gold prices remained strong.

For now if able to sustain above its RM 0.70+ support levels, could trend back up towards the RM 0.77 - RM 0.80+ resistance levels soon in the coming weeks for a further rebound, following gold prices.

Will be monitoring AUMAS closely.

Titan Trading Notes For Thursday [6/2/2025]:

KLCI had a decent rebound back towards the 1574 points region with an overall positive market sentiment today as we resumed our rebound from the day before here. Daily trading volume saw a decent surge back towards the 2.8 billion mark, which isn't too bad, but not great yet.

Main stocks that showed strong buying momentum would be the likes of GAMUDA, MYEG, NATGATE, YTL, AUMAS, YTLPOWR, CBHB, SIMEPROP, VELESTO, SUPERMX, SALUTE, ASIAPLY, and MAHSING. All of which were able to sustain their rallies throughout the day on the top volumes list.

$BAHVEST / 0098 (BAHVEST RESOURCES BERHAD) was definitely one of the star performers today as it was able to breakout strong all the way towards the RM 0.96+ regions with huge volume here as gold prices hit new highs.

So far looking quite strong and this came after a 3 month long consolidation-retracement phase all the way back towards the RM 0.755+ main support levels on the daily chart. Seems to have formed its higher low already and looks ripe for an uptrend continuation pattern.

Will be monitoring AUMAS closely here. Old name of AUMAS is BAHVEST for those who didn't know.

$GAMUDA / 5398 (GAMUDA BERHAD) on the other hand was able to resume its rebound and broke out back towards the RM 4.40+ regions with good volume and buying momentum today on the daily charts.

Since retesting its RM 3.95 main support levels earlier last week, been able to rebound strongly without much selling pressure yet. For now as long as able to keep this up, could trend back towards the RM 4.75+ major resistance levels soon.

Will be monitoring GAMUDA closely here.

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD) since breaking out from its RM 1.47+ EMA 200 main resistance levels on the daily chart, been able to hold quite well above it over the past week here despite the shaky sentiment.

Today, it was even able to breakout towards the RM 1.56 regions with good volume and buying momentum. This says alot about its strength here, and could be on track to a full recovery on the coming months back towards the RM 2+ regions soon if able to keep this up.

Will be monitoring GENETEC closely here

$BAHVEST / 0098 (BAHVEST RESOURCES BERHAD) Q4 result is decently good with a proposed dividend of 1.5 Sen exdate on 5 Dec and payable on23 Dec. The latest impressive monthly production in September was 80.274 Kg. It could be exciting to relook at Bahvest and enter at 86.5 Sen based on yesterday closing

For the fourth quarter of 2024 (“4Q2024”), our Group achieved a revenue of RM62.189 million and a gross profit of RM20.867 million from the sale of 173.371 kilograms of gold and 149.217 kilograms of silver. This revenue was driven by gold sales at an average price of RM355,950 per kilogram and silver sales at RM3,200 per kilogram. These gold were sold at prices ranging from RM351,700 to RM362,900 per kilogram. In the previous quarter (3Q2024), our operations faced disruptions due to the breakdown of a primary ball mill’s main gear, which had reached the end of its lifespan. The replacement gear had to be specially ordered and manufactured in China, causing several weeks of delay before repairs could be completed and processing could resume. The repair and overhaul works concluded in end 3Q2024, allowing our production facilities to return to normal operating levels by the end of June 2024. Our production efficiency has gradually improved, culminating in a remarkable output of 80.274 kilograms of gold in September 2024. This achievement marks our highest monthly gold production to date. On a full financial year basis, our revenue totaled RM169.821 million, supported by the sale of 491.606 kilograms of gold at an average price of RM341,930 per kilogram and 566.295 kilograms of silver at RM3,200 per kilogram.

Our analysis if Co can achieved avg of 90Kg per mth and the gold price per ounce is USD2,600 @ exchange rate of USD to RM @4.5

Stock watchlist to focus

In the short to mid-term, we should focus on RGB (aiming for record profits) and Bahvest, capitalizing on the gold theme.

Exporters, particularly in the technology sector, are experiencing compressed profit margins due to the strengthening of the RM against the USD. We anticipate profit margins may decrease by 5% to 10%. However, companies that rely on imported components and raw materials may mitigate the impact of this decline, depending on the percentage of imports used. Generally, while sales volumes are increasing, they cannot offset the margin erosion caused by the stronger Ringgit.

There is typically a lag period before these companies can adjust selling prices when new models are launched.

Additionally, many are likely facing realized forex losses on outstanding foreign debtors from June 30 to September 30.

These factors may explain the significant decline in the prices of our tech stocks.

$RGB / 0037 (RGB INTERNATIONAL BHD) $BAHVEST / 0098 (BAHVEST RESOURCES BERHAD)

Titan Trading Notes For Tuesday [5/11/2024]:

$KLCI had a decent rebound back towards the 1616 points region with an overall mixed market sentiment though as we still saw over 480 counters closing red for the day. Daily trading volume still remains low around the 2.4 billion mark, which isn't so great.

Main stocks that showed strong buying momentum would be the likes of CEB, BAHVEST, SORENTO, OBHB, MYEG, SDCG, CIMB, YTL, TANCO, JPG, HAWK, BJFOOD, EKOVEST, GAMUDA, CAREPLS, and CYPARK. All of which were able to sustain their rallies throughout the day on the top volumes list.

$CEB / 5311 (CAPE EMS BERHAD) was definitely the star performer today as it managed to breakout all the way towards the RM 0.35 regions with huge volume and buying momentum today after consolidating around the RM 0.305+ major support levels just last week.

This came after The Edge's latest article on CEB, mentioning possibilities of a takeover by parties like Ekuinas. So far still looking quite strong here and as long as able to hold above its RM 0.33 support, could continue on towards and beyond the RM 0.36+ major resistance levels soon.

Will be monitoring CEB closely here.

$BAHVEST / 0098 (BAHVEST RESOURCES BERHAD) on the other hand since retracing back towards the RM 0.80+s support levels last week, had been able to breakout from its RM 0.86 major resistance levels and rallied all the way towards the RM 0.97 regions with huge volume and buying momentum today.

So far looking very strong here and as long as able to sustain above its RM 0.90+ immediate support levels, could continue on towards and beyond its RM 0.97 - RM 1 major resistance levels soon.

BAHVEST is quite overbought to me, but definitely worth to monitor as it's one of the leading stocks in the market.

$THPLANT / 5112 (TH PLANTATIONS BERHAD) following the plantation sector's rally, was able to breakout from its RM 0.67 major resistance levels and rallied all the way towards the RM 0.70 regions with good volume and buying momentum today.

So far still looking quite strong here and as long as able to hold above its RM 0.67 immediate support levels, could continue on towards and beyond its RM 0.715+ major resistance levels soon in the coming weeks.

$BAHVEST / 0098 (BAHVEST RESOURCES BERHAD) sharing from discussion group. Looks interesting.

*Bahvest* (0098) - *Gold rush 2.0 with expansion through new collaboration*

*Expansion in new mining site*
Bahvest announced on 22 Oct that it had entered into an agreement with Aurelius for exploration and mining work in a Tawau, Sabah site spanning 18k hectares.

Under the agreement, any profits will be shared by the two parties – 70% for Bahvest, 30% for Aurelius.

Notably, Datuk Lee Vui Han who is the director of Aurelius is a major shareholder of Bahvest holding 8.14% stake.

*The coast is clear for Bahvest*
Bahvest had previously experienced hiccups in its operations where mining work was halted during 1Q-3QFY24 (FYE: Sep) due to stop work order resulting from a change of management as well as machines breakdown as it reached end of life span.

Both of these issues are now resolved. Production had resumed since Apr 2024 after receiving approval from the authority to resume work, while the old machines were replaced.

4QFY24 will see a full quarter contribution with the group production running in full swing. This quarter results will give a glimpse of the group’s full revenue potential at current capacity.

*New lease of life*
With the recent warrants conversion, the group managed to raise more than RM250m of proceeds.

With this proceeds, the group plans to invest in its expansion, including potential investment in refineries and acquiring smaller mining companies.

With the warrants conversion exercise completed, the group is also considering to declare its first dividend, allowing warrants holders who converted their warrants to participate and receive this dividend.

In 2025, the group also targets to transfer to main market, enhancing its investability.

*The gold rush*
Gold continues its relentless rally with price constantly breaking record high, most recently closing above USD2,760/ounce.

Despite geopolitical tensions de-escalating, gold continues its rally, indicating that there are other drivers for the gold rally.

Most notably, the BRICS nations continue to drive strategic efforts to reduce reliance on USD and diversify their reserves.

Consequently central banks are accumulating gold as part of a dedollarization strategy, supporting the demand for gold.

*A new golden era begins*
The group has multi-catalysts including:
(i) change in management enhancing governance and production;
(ii) production resumed in full-swing following several quarters of disruptions;
(iii) expansion through current collaboration with Aurelius and more in pipeline;
(iv) potential first dividend declaration;
(v) planned transfer to main market; and finally most importantly
(vi) the relentless gold price rally.

The stocks offers a good proxy to the gold price rally.

Given the upcoming election, geopolitical tensions that bring volatility, risks and unpredictability for the equity market, the stock provides a good hedge and diversification for portfolio given its low beta and correlation with equity market.

Titan Trading Notes for Tuesday [8/10/2024]

$KLCI managed to rebound back towards the 1635 points region with an overall positive market sentiment today. Daily trading volume however settled only around the 2.7 billion mark, which isn't really a good sight to see.

Main stocks that showed strong buying momentum would be the likes of ARMADA, VELESTO, BAHVEST, SIMEPROP, TOPGLOV, 99SMART, LHI, GTRONIC, MRDIY, PERDANA, HENGYUAN, and NOTION. All of which were able to sustain their rallies throughout the day on the top volumes list.

$ARMADA / 5210 (BUMI ARMADA BERHAD) was able to breakout back towards the RM 0.515 regions with huge volume and buying momentum today, breaking out from its RM 0.51+ main downtrend resistance levels after a few months of downtrend.

For now looking quite strong here and as long as able to sustain above its RM 0.51 immediate support levels, could continue on towards and beyond its RM 0.54+ major resistance levels soon in the coming weeks.

Will be monitoring ARMADA closely as something big seems to be brewing here.

$BAHVEST / 0098 (BAHVEST RESOURCES BERHAD) on the other hand was able to breakout strong from its RM 0.72+ major resistance levels and rallied all the way towards the RM 0.78+ levels with huge volume and buying momentum here despite being overbought.

For now looking quite strong here and as long as able to sustain above its RM 0.74+ immediate support levels, could continue on towards and beyond its RM 0.80++ regions soon in the coming weeks.

Will be monitoring BAHVEST closely here.

$RGB / 0037 (RGB INTERNATIONAL BHD) on the other hand also looking quite strong here as after retracing all the way back towards forming a huge support region around the RM 0.35 - RM 0.37+ main support levels over the past few months, was able to breakout strong towards the RM 0.41+ regions today.

So far, it's looking quite strong here and ripe for an uptrend continuation pattern. As long as RGB is able to hold above its RM 0.39+ immediate support, could continue to trend up towards the RM 0.45+ major resistance levels soon.

Will be monitoring RGB closely here.

Titan Trading Notes For Monday [5/8/2024]:

$KLSE-KLCI took quite a hit and retraced back towards the 1611 points region with an overall bearish market sentiment during last Friday as we saw panic selling happen across the board with over 1300 counters closing red as well. Daily trading volume settled around the 5.1 billion mark, which is mainly dominated by selling activities.

Only BAHVEST and PBBANK showed strong buying momentum on the top volumes list despite the weak market sentiment, while all the others were taking quite a hit and some even sustaining huge losses from the panic selling wave.

$MYEG / 0138 (MY E.G. SERVICES BERHAD) since breaking out towards the RM 1.15 regions, had been retracing and and consolidating over the past 2 months here and last Friday, retraced all the way back towards the RM 0.955+ main support levels.

For now heading back lower here and potentially could test the RM 0.935+ main support levels here soon in the coming week before rebounding back towards the RM 1 main downtrend resistance.

Will be monitoring MYEG closely here.

$BAHVEST / 0098 (BAHVEST RESOURCES BERHAD) after retracing back towards the RM 0.45+ major support levels over the past 2 weeks, had been able to form a short term double bottom trend reversal pattern here and rebounded strongly back towards the RM 0.53+ regions during last Friday despite the weak market sentiment.

This is a pretty good sign here and although still unable to breakout from its RM 0.55 main downtrend resistance, as long as able to sustain above its RM 0.49 - RM 0.50+ immediate support level, could breakout soon due to recession fears, gold counters like these may flourish.

Will be monitoring BAHVEST closely here.

$NOTION / 0083 (NOTION VTEC BERHAD) although broke out towards the RM 2.20+ regions last week, took a hit during last Friday as well and retraced back towards the RM 2+ main support regions once more due to the panic selling.

For now still looking quite strong here and as long as able to sustain above its RM 2+ main support levels, could still continue to trend up towards and beyond the RM 2.25 - RM 2.30+ major resistance levels soon for an uptrend continuation pattern.

Titan Trading Notes For Friday [26/7/2024]:

$KLSE-KLCI resumed its retracement and closed red today around the 1615 points region with an overall negative market sentiment as we still saw over 950 counters closing red for the day today. Daily trading volume saw a decline back towards the 4.5 billion mark too, mainly dominated with selling activities.

Main stocks that showed strong buying momentum would be the likes of AZRB, BAHVEST, BJCORP, and AGX. All of which were able to sustain their rallies throughout the day on the top volumes list despite the negative market sentiment.

$BAHVEST / 0098 (BAHVEST RESOURCES BERHAD) since breaking out towards the RM 0.64+ regions, had been retracing over the past 2 months here, taking quiet a hit and went all the way towards the RM 0.45+ main support levels on the daily chart over the past few days.

Today, it was able to find strong support and rebounded all the way back towards the RM 0.50 regions with huge volume and buying momentum despite the negative market sentiment.

So far still not showing an uptrend yet but if able to sustain above its RM 0.47 immediate support, could continue on towards and beyond the RM 0.51+ major resistance levels soon for a further rebound. Will be monitoring BAHVEST closely.

$AGX / 0299 (AGX GROUP BERHAD) since breaking out from its RM 0.33 main downtrend resistance levels, had a huge rally, breaking out all the way towards the RM 0.52 regions today with huge volume and buying momentum despite the weak market sentiment.

For now definitely on a parabolic rally here and as long as able to sustain above its RM 0.475+ immediate support levels on the daily chart, could continue on towards and beyond the RM 0.55+ regions soon.

Will be monitoring AGX closely here as something big seems to be brewing behind the scenes.

$WCT / 9679 (WCT HOLDINGS BERHAD) despite the weak market sentiment, was surprisingly able to old well above its RM 1.20+ main uptrend support levels over the past few days, and was even able to close flat around the RM 1.26 level today.

for now looking quite strong here and as long as able to sustain, could start to trend up back towards and beyond the RM 1.30+ regions soon for an uptrend continuation pattern soon.

Will be monitoring WCT closely

Changes in Director's Interest (Section 219 of CA 2016) - MR CHONG TZU KHEN

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

Additional Listing Announcement /Subdivision of Shares

Additional Listing Announcement /Subdivision of Shares

Additional Listing Announcement /Subdivision of Shares

Notice of Interest Sub. S-hldr (Section 137 of CA 2016) - RHB TRUSTEES BERHAD

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

KUALA LUMPUR: Bahvest Resources Bhd’s outlook remains bright, backed by the recent surge in global gold prices, said Rakuten Trade Research. 

© New Straits Times Press (M) Bhd

$POHKONG / 5080 (POH KONG HOLDINGS BERHAD)
$TOMEI / 7230 (TOMEI CONSOLIDATED BERHAD)
$NICE / 7139 (NICHE CAPITAL EMAS HOLDINGS BERHAD)
$BAHVEST / 0098 (BAHVEST RESOURCES BERHAD)
$ZHULIAN / 5131 (ZHULIAN CORPORATION BERHAD)

Change in Audit Committee - DR CHONG MEE FAH @ FREDERICK CHONG

Change in Boardroom - DR CHONG MEE FAH @ FREDERICK CHONG

Change in Boardroom - MISS FONG VERN KIAT

Change in Audit Committee - MISS FONG VERN KIAT

26 April 2024

Our Stocks Watchlist

Dufu @ RM1.78 (Now RM2.09) – Hold for long term and should be benefiting from both Seagate and WesternDigital strong Q3 (March 2024) reported with revenue growth and volume of HDD shipped which we have posted for your reading. Both looking at further double digit % growth for Q4 June 2024

Notion @ 59.5 Sen – Though we do not like the management performance and delivery of good result. Company had done kitchen sinking for FY 30 Sept 2023 of RM39 million with impairment of PPE of RM31 million and inventory write down of RM 8 million respectively and Company reported good Q4 Sept result could be in the process of turning around. The Co HDD business will be benefit from Western Digital Growth as WD is the Company’s HDD customer. Monitor their Q1 2024 result and the business outlook and look at the price volume movement to move in.

Notion bonus issue of warrant of 10 for1 and the Company’s securities will be traded and quoted “[EX-BONUS ISSUE]” as from: 02 May 2024 and the last date of lodgment : 03 May 2024

IFCAMSC – just ride on the market momentum and business news on Einvoicing and after Q1 Report would have better feel of outlook.

ADB - just ride on the market momentum and business news on Einvoicing and after Q1 Report would have better feel of outlook.

PIE @RM 3.39 (Now RM5.76) – Too late to board the bus

RGB @30 Sen (Now @40 Sen) – potentially catalyst for further growth to have dominance gaming machines market in Philippines with regularization of the gaming industry and Philippines Players upgrading their facilities with the booming industry. Looking at recent price volume, we think there is still leg to move up


QES now @59 Sen is valuable stocks to enter. We heard trading of PPE for steal industries orders had been overwhelming and staff are paid above 3 mths bonus.

Recently orders from a German MNC with worldwide presence for test equipments. This could give Co to make inroad worldwide if the custome found it to be good and reliable.

Inari @RM 306 will recover and report better outlook and profit when their China Plant commenced operation with huge potential as Chinese semiconductors and RFID sensor Companies or Players will need Inari JVC to support their development.


ONG Companies
Deleum@ RM1.30 (Now RM1.43) – good to hold and assess the co progress.

Wasco @ RM1.29 (now @RM– a gem to be for 2024 with project in hand

Coastal – no point cutting now just hold and wait for confirmation of extension of contract and new positive developments.

Ulicorp – value buy below RM1.40 (Now @RM1.50)

SKB Shutters – only for investors with longer term perspective

Samchem – Chemical and distribution business is seeing improvement in performance.

Bahvest @54 Sen. Can buy low and we believe when the BV Warrant expired on 20 Aug 2024 the share will vroom vroom. New shareholders and management would have clean out the mismanagement and gold pilferage.

$INARI / 0166 (INARI AMERTRON BERHAD) $QES / 0196 (QES GROUP BERHAD) $INARI / 0166 (INARI AMERTRON BERHAD) $BAHVEST / 0098 (BAHVEST RESOURCES BERHAD)

Additional Listing Announcement /Subdivision of Shares

Changes in Director's Interest (Section 219 of CA 2016) - MR CHONG MEE FAH @ FREDERICK CHONG

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

OTHERSBAHVEST RESOURCES BERHAD ("BAHVEST' OR THE COMPANY")
APPLICATION FOR APPROVAL LETTER OF MINING OPERATION SCHEME FOR THE EXISTING GOLD MINING OPERATION AT BUKIT MANTRI, DISTRICT OF TAWAU, SABAH BY ITS WHOLLY-OWNED SUBSIDIARY, WULLERSDORF RESOURCES SDN. BHD.

Change in Nomination Committee - MISS TEW XUE SHAN

Change in Remuneration Committee - MISS TEW XUE SHAN

Change in Boardroom - MISS TEW XUE SHAN