Company Fortress Minerals Limited

Equities

OAJ

SGXE46200569

Iron & Steel

Market Closed - Singapore S.E. 09:29:50 29/04/2024 BST 5-day change 1st Jan Change
0.31 SGD +3.33% Intraday chart for Fortress Minerals Limited +1.64% +1.64%

Business Summary

Fortress Minerals Limited is a Malaysia-based investment holding company. The Company operates through two segments: Iron ore and Others. The Iron ore segment is engaged in the exploration, mining, production, and sale of iron ore. The Others segment is engaged in the remaining minor trading and investment holding activities. The Company is principally in the business of exploration, mining, production, and sale of iron ore concentrate. It produces magnetite iron ore concentrate with Tetrafluoroethylene (TFe) grade of 65.0% and above, mined from the East, Valley, and West Deposits in its Bukit Besi Mine, and sell its iron ore concentrate primarily to steel mills and trading companies in the PRC and Malaysia. The principal activities of the Company, through its subsidiaries include acquisition of mines, mining rights, metalliferous land, quarries, and trading in minerals, transport of iron ore and minerals, payroll, corporate services, and others.

Number of employees: 434

Sales per Business

SGD in Million2022Weight2023Weight Delta
Iron Ore
100.0 %
58 100.0 % 74 100.0 % +26.09%

Sales per region

SGD in Million2022Weight2023Weight Delta
Malaysia
93.2 %
5 8.4 % 69 93.2 % +1,305.24%
China
6.8 %
54 91.6 % 5 6.8 % -90.60%

Managers

Managers TitleAgeSince
Founder - 12/11/17
Chief Operating Officer 44 31/12/14
Comptroller/Controller/Auditor - 30/04/17
Corporate Secretary - -
Corporate Secretary - -

Members of the board

Members of the board TitleAgeSince
Director/Board Member 57 18/02/19
Director/Board Member 58 18/02/19
Director/Board Member 58 18/02/19
Chairman 48 18/02/19
Founder - 12/11/17
Chief Operating Officer 44 31/12/14
Director/Board Member 31 18/02/19
Director/Board Member 58 18/02/19
Director/Board Member 24 30/07/23

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 523,316,100 77,417,900 ( 14.79 %) 0 14.79 %

Shareholders

NameEquities%Valuation
254,260,200 48.59 % 59 M $
154,937,500 29.61 % 36 M $
9,007,425 1.721 % 2 M $
8,536,300 1.631 % 2 M $
7,290,375 1.393 % 2 M $
Teh Wan Sang & Sons Sdn. Bhd.
0.8026 %
4,200,000 0.8026 % 980 280 $
2,040,100 0.3898 % 476 159 $
1,838,000 0.3512 % 428 989 $
1,296,000 0.2477 % 302 486 $

Company contact information

Fortress Minerals Ltd.

9-1, Jalan PJS 8/18 Dataran Mentari

46150, Petaling Jaya

+

http://www.fortress.sg
address Fortress Minerals Limited(OAJ)

Sales per Business

Sales per region

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
0.2279 USD
Average target price
0.261 USD
Spread / Average Target
+14.52%
Consensus

Annual profits - Rate of surprise

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