Other income of rm31m and rm16.7m reported in recent 2 quarterly reports. Nearly rm50m of income in just half year. More room to go for Reneuco, Kuala Nerus development and ECRL IPP, which commerces recently are the main catalysts.

ASSB is still pending completion as of now, if we analyze the recent QR carefully, we can see that their money went into the construction of their LSS4 in pahang which is now more than 70% completed and expected to be operational by end of this month hence there was no income recognition from their EPCC side...... however they still have not gotten LOA from MRL on ECRL yet

Another interesting fact on balance sheet, previous year non current debt was rm10.4, but this year is increases to rm74m. Why banks are still lending so much to Reneuco? We are afraid to buy this counter, but banks are lending millions to it.

yes i've noticed that as well, it means that banks are increasingly confident with reneuco's repayment ability, but the share price of this stock had been very bad, not sure why is that so..... anyone here knows if this is a good time 2 all in?

Another thing we need to know is that RENEUCO's RCB's intended nominal value is MYR350 million based on a minimum conversion price of 0.3061. It also means that the more shares they issue at the lower end now ie: 0.1360, they need to issue newer shares at a higher rate in order to not exceed the maximum shares approved by Bursa and also to get the full MYR 350m of funding. Does this mean it wil go up further ?