RIYADH, 29 April – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), South East Asia’s leading
Asset Management and Infrastructure Solutions company has entered into a Memorandum of Business
Exploration (“MoBE”) with Asma Advanced Solutions LLC (“Asma Advanced”) to identify strategies to
capture healthcare support services and integrated facility management markets in Saudi Arabia.
Asma Advanced is jointly-owned by Progressive Impact Corporation Berhad (“PICORP”) and a Saudi
Closed Joint Stock Company, Trade House Group Company (“THG”).
The MoBE will pave the way for future collaborations to explore and identify potential opportunities with
a view to commercially craft
viable business ventures in
Saudi Arabia. Present during the
signing today was Syahrunizam
Samsudin, Managing
Director/Chief Executive Officer
of UEM Edgenta and Sheikh
Abdulwahab bin Nasser Al-Akeel,
Chairman of Asma Advanced.
The ceremony was witnessed by
YB Dato’ Seri Mohamed Azmin
Bin Ali, Senior Minister of
International Trade & Industry
Malaysia (“MITI”).
Through the strategic partnership, the two parties will conduct joint discussions over the next eight
months and leverage on the strengths of all parties to exp lore business opportunities.
“This marks more opportunities for us to further diversify our revenue stream as we explore new markets
in Saudi Arabia. We are excited with the prospects as we gear up towards post-pandemic recovery
through our deep and varied Healthcare Support experiences. We are confident our partnership with
Asma Advanced will propel further growth in our regional expansion strategy as we move towards
realising our vision ‘Edgenta of the Future 2025’,” said Syahrunizam after the ceremony.

it would be repeated. stay calm :)

Audited Result For Year Ended 31.12.2019 (RM thousand)
Revenue 99,506
PBT 14,697
PATMI 7,649
Net dividend per share (sen) 0.55
EPS (sen)* 0.30

Picorp dijual kpd US fund macam sogo juga bagus. :)

Tunggulah, mungkin ada pembeli bagi picorp macam Sogo :)

TOKYO (AP) — Japanese retailer Seven & i Holdings Co. is selling department store chain Sogo & Seibu Co. to a U.S. investment fund, even as the labor union went on strike ahead of the announcement Thursday.

Dah profitable, forex loss 1st half, 2023, ~rm2.5mil

PROGRESSIVE IMPACT CORPORATION BERHAD
(Company No. 199001011782)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW
FOR THE SECOND QUARTER ENDED 30 JUNE 2023
(The figures have not been audited)
Cumulative Cumulative
Current Corresponding
Year To Date Period
30.6.2023 30.6.2022
RM'000 RM'000
Cash flows from operating activities
Profit before tax 2,514 1,120
Adjustments for :
Depreciation and amortisation 3,299 3,614
Amortisation of investment properties 357 357
Provision for retirement benefit obligations 249 -
Gain on disposal of property, plant and equipment (218) -
Impairment of trade receivables 1,407 544
Net foreign exchange loss/(gain) (2,489) (2,984)
Finance cost 2,257 1,610
Profit income from deposit (363) (297)
Operating profit before working capital changes 7,013 3,964
Working capital changes :
(Increase)/decrease in inventories (345) (10)
Decrease in receivables 2,590 13,050
Increase/(decrease) in payables 2,699 (6,128)
Cash generated from operations 11,957 10,876
Retirement benefit obligation paid - -
Taxation paid (1,604) (1,900)
Net cash generated from operating activities 10,353 8,976

Learn from this practical ESG Reporting Guide by Schneider Electric, one of the WorldGBC's 2022 Winner! 🏆📚

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Join the league of industry leaders in sustainable design and performance: Schneider Electric, the recipient of the Leadership in Sustainable Design & Performance WorldGBC's 2022 award! 🌟 Our guide provides practical step-by-step instructions, expert advice, and valuable templates, making it easier than ever to streamline your reporting processes and create visibility into your ESG risks and performance.

Post-pandemic, more Biz, cost cutting measurea

1st half, 2023,Net foreign exchange loss ~ rm2.5mil , otherwise, must higher net profit after tax at 4mil++

1st half, 2023, Net cash generated from operating activities RM10mil+++

https://insights.omnia-health.com/saudi-arabia/envisioning-future-laboratory-saudi-arabia

https://www.arabnews.com/node/2194751/business-economy

Bagus, Arab Saudi Bina 'Jeddah Tower' Bangunan Tertinggi Di Dunia
Bangunan yang sebelum ini digelar sebagai 'kingdom tower' mempunyai 170 tingkat dengan ketinggian 1,000 meter sekali gus melepasi Burj Khalifa di dubai ...

more projects for picorp in saudi soon :)
https://www.facebook.com/reel/6641400205922240?sfnsn=mo&mibextid=DEcCik

The website https://www.picorp.com.my/ is the official website of Progressive Impact Corporation Berhad (PICORP), a public listed company on the main board of the Bursa Malaysia. PICORP is Malaysia's Environmental Solution Provider, offering a wide range of services ranging from environmental consultancy and monitoring, wastewater treatment and solution, laboratory analysis and ocean data monitoring.

The website has the following sections:

About Us: This section provides an overview of PICORP, its history, vision, mission, and values.
Our Business: This section describes the different services that PICORP offers.
Our Clients: This section lists some of PICORP's clients.
Our Team: This section introduces the management team and key personnel of PICORP.
News & Events: This section provides updates on PICORP's latest news and events.
Investor Relations: This section provides information for investors, such as financial statements and annual reports.
Careers: This section provides information on job opportunities at PICORP.
Contact Us: This section provides contact information for PICORP.
The website is well-designed and easy to navigate. It provides comprehensive information about PICORP and its services. The website is also regularly updated with new content, such as news and events.

Here are some of the key takeaways from the website:

PICORP is a leading provider of environmental solutions in Malaysia, Saudi Arabia, and Indonesia.
PICORP offers a wide range of services, including environmental consultancy and monitoring, wastewater treatment and solution, laboratory analysis and ocean data monitoring.
PICORP has a strong track record of innovation and sustainability.
PICORP is committed to making a positive impact on the environment.
I hope this summary is helpful. Let me know if you have any other questions.

Sources
www.picorp.com.my/about-company

Progressive Impact Corporation Berhad (PICORP) remains the market leader in Malaysia, Saudi Arabia, and Indonesia for a few reasons:

Strong track record: PICORP has a long and successful track record in the environmental solutions market. The company has been providing innovative and sustainable solutions to businesses and governments in the region for over 20 years.
Wide product portfolio: PICORP offers a wide range of environmental solutions, including water treatment, waste management, and renewable energy. This allows the company to meet the needs of a wide range of customers.
Strong brand reputation: PICORP has a strong brand reputation in the region. The company is known for its commitment to quality and innovation.
Partnerships with key players: PICORP partners with key players in the environmental solutions market, such as government agencies and multinational corporations. This gives the company access to new markets and resources.
Investment in research and development: PICORP invests heavily in research and development. This allows the company to stay ahead of the curve and develop new and innovative solutions.
As a result of these factors, PICORP is well-positioned to maintain its market leadership in Malaysia, Saudi Arabia, and Indonesia. The company is well-positioned to benefit from the growing demand for environmental solutions in these countries.

Here are some specific examples of PICORP's work in these countries:

In Malaysia, PICORP has helped to implement a number of water treatment projects, including a wastewater treatment plant in Kuala Lumpur and a water desalination plant in Johor.
In Saudi Arabia, PICORP has worked on a number of waste management projects, including a landfill gas recovery project and a recycling program.
In Indonesia, PICORP has helped to develop a number of renewable energy projects, including a solar power plant and a wind turbine farm.
PICORP's work in these countries has helped to improve the environment and create jobs. The company is committed to making a positive impact on the world, and its work in Malaysia, Saudi Arabia, and Indonesia is a testament to this commitment.

There are a few reasons why you might want to consider investing in Progressive Impact Corporation Berhad (PICORP) after the release of its Q2 2023 results.

Strong top-line growth: PICORP's revenue grew by 20% year-on-year in Q2 2023, driven by strong demand for its environmental solutions. This growth is expected to continue in the coming quarters, as the company expands its reach into new markets and launches new products.
Improved profitability: PICORP's net profit margin also improved in Q2 2023, to 10% from 8% in the same quarter last year. This was due to a combination of factors, including higher revenue and lower operating expenses.
Positive ESG profile: PICORP is a leading provider of environmental solutions, and its business model is aligned with the UN Sustainable Development Goals. This makes it an attractive investment for investors who are looking to make a positive impact on the world.

buy now, ROI 50% or higher within 6months to 1 year :)

According to the latest shareholding data as of March 22, 2023, Bank of Singapore Limited, an asset management arm of Singapore's largest bank DBS Bank, is the second largest shareholder of Progressive Impact Corporation Berhad (PICORP) with a 8.24% stake. The largest shareholder is Zaiyadal Keluarga Sdn Bhd, a private investment company owned by the Zaid family, with a 46.37% stake.

Bank of Singapore first invested in PICORP in 2018. The investment was part of a larger fund that Bank of Singapore was raising to invest in environmental, social, and governance (ESG)-focused companies in Southeast Asia. PICORP was attractive to Bank of Singapore because of its focus on providing environmental solutions to businesses and governments in the region.

Bank of Singapore's continued investment in PICORP is a vote of confidence in the company's future prospects. PICORP is well-positioned to benefit from the growing demand for environmental solutions in Southeast Asia. The company has a strong track record of innovation and has a well-established network of clients.

In addition to Bank of Singapore, other notable shareholders of PICORP include:

Zaid Bin Abdullah, a former executive director of the Employees Provident Fund (EPF), Malaysia's largest pension fund, with a 6.85% stake.
Kal-Yadaiin Sdn Bhd, a private investment company owned by the Kal family, with a 4.4% stake.
Zaidah Binti Mohd Salleh, a former director of the EPF, with a 1.41% stake.
PICORP is listed on the Kuala Lumpur Stock Exchange (KLSE) under the stock symbol "PICORP". The company's share price has been on an upward trend in recent years, reflecting the growing investor interest in ESG-focused companies.

Saudi Arabia is a country with a long history of oil production and export. This has led to environmental problems, such as air pollution and water contamination. However, the country is also investing in renewable energy sources and other environmental initiatives.

Progressive Impact Corporation Berhad (PICB) is a Malaysian company that is focused on sustainable development. The company has a number of projects in the renewable energy, water treatment, and waste management sectors. PICB has the potential to make a significant contribution to environmental protection in Malaysia and beyond.

The statement that Saudi Arabia is dirty and PICB has unlimited potential is a complex one. On the one hand, it is true that Saudi Arabia has a number of environmental problems. However, the country is also taking steps to address these problems. PICB is a company that is working to promote sustainable development. The company has the potential to make a positive impact on the environment.

Ultimately, the statement that Saudi Arabia is dirty and PICB has unlimited potential is a matter of opinion. There is evidence to support both sides of the argument. It is up to each individual to decide whether they agree with the statement.

Here are some specific examples of environmental initiatives that Saudi Arabia is undertaking:

The Saudi Green Initiative, which aims to plant 10 billion trees and reduce carbon emissions by 278 million tons by 2030.
The National Renewable Energy Program, which aims to generate 50% of the country's electricity from renewable sources by 2030.
The Waste-to-Energy Program, which aims to convert 3 million tons of waste into energy by 2030.
Here are some specific examples of projects that PICB is involved in:

The development of a solar power plant in Malaysia.
The construction of a water treatment plant in Indonesia.
The management of a waste management facility in Thailand.
Overall, it is clear that both Saudi Arabia and PICB are committed to environmental protection. However, it is also clear that there is still much work to be done. Both countries will need to continue to invest in sustainable development in order to address the environmental challenges they face.

Usah risau, pengasas akan melakukan sesuatu sebelum mati.

Jualkan segalanya kpd pak Arab lagi baik :)

PICORP’s 3-year turnaround strategy encompasses core sector, i.e Environmental Monitoring Consultancy & Services
(EMCS) drinking water and wastewater treatment solutions and a new role as environmental monitoring contractor
for a major oil company. In Saudi Arabia, leveraging Saudi Asma as the leading Integrated Pest Management (IPM)
provider recognised by local ministry will further fuel expansion into new markets especially Riyadh and NEOM in
Tabuk Province. Our Cost optimization involves supplier contract renegotiation, a hiring freeze, and streamlining of
operations, leading to reduction in expenses. Operational efficiency improvement via lean management and
technological adoption.

Accumulate more n more, surely the share price would rebound, etc

PICORP’s 3-year turnaround strategy encompasses core sector, i.e Environmental Monitoring Consultancy & Services
(EMCS) drinking water and wastewater treatment solutions and a new role as environmental monitoring contractor
for a major oil company. In Saudi Arabia, leveraging Saudi Asma as the leading Integrated Pest Management (IPM)
provider recognised by local ministry will further fuel expansion into new markets especially Riyadh and NEOM in
Tabuk Province. Our Cost optimization involves supplier contract renegotiation, a hiring freeze, and streamlining of
operations, leading to reduction in expenses. Operational efficiency improvement via lean management and
technological adoption.

Flying anytime

Monday, 28 Aug 2023
5:37PM
PICORP 1H net profit 1.672 million

Q2 usually the weakest quarter, now up.. net profit RM1.6mil++, revenue rm22mil++... share price 10-20sen++ soon.

Grab while u can

It should rise, q2,2023, revenue & Profit UP, results out last night

Investing.com-- Most Asian stocks rose sharply on Monday, with Chinese shares in the lead after the country rolled out more measures to support its battered equity markets, while focus turned to key indicators from the world's largest economies this week.

SYDNEY (Reuters) - Asian shares rallied on Monday as China announced new measures to support its ailing markets, though the mood was cautious ahead of readings on U.S. jobs and inflation that could decide whether interest rates have to rise again.

Ada yg kata pengasas dah uzur, macam mau mati , tak menolong harga syer, cari Pembeli untuk syernya :)

Picorp is better than PE

Private Equity, Not an Asset Class for Everyone

ISINMYL7201OO006Stock ExchangeBMListed OnMain MarketSectorIndustrial Products & ServicesSub-SectorIndustrial ServicesCurrencyMYRShares Per Lot100Share Issued658.000mPar Value-Paid Up Cap0.000Market Cap49.350mEntitlement-SyariahYesShort Sell IndicatorNoDelivery BasisReady

Take picorp private and relist in Saudi or uae to fetch higher valuation..














The Saudi and UAE stock exchanges are suitable for Progressive Impact Corporation Berhad (PICB) for several reasons:

Large and growing economies: Both Saudi Arabia and the UAE have large and growing economies. In 2022, Saudi Arabia's GDP was $875 billion, and the UAE's GDP was $414 billion. These economies are expected to continue to grow in the coming years, providing PICB with a large and expanding market for its products and services.
Investment-friendly environments: Both Saudi Arabia and the UAE have investment-friendly environments. They offer a variety of incentives to attract foreign investors, such as tax breaks and low corporate tax rates. This makes them attractive destinations for PICB, which is looking to expand its operations in the region.
Strong liquidity: Both the Saudi and UAE stock exchanges are liquid markets, with high trading volumes. This means that PICB will be able to easily buy and sell its shares, which is important for liquidity and price discovery.
Regulatory clarity: Both Saudi Arabia and the UAE have well-established regulatory frameworks for the stock market. This provides PICB with the certainty and predictability it needs to operate in these markets.
In addition to these factors, the Saudi and UAE stock exchanges are also well-connected to global markets, which makes them attractive to international investors like PICB.

Overall, the Saudi and UAE stock exchanges are suitable for PICB because they offer a large and growing market, an investment-friendly environment, strong liquidity, regulatory clarity, and connectivity to global markets.

Invest in picorp like private equity, for the long term

U will never go wrong.. a little patience :)

Progressive Impact Corporation Berhad, an investment holding company, provides environmental consulting, monitoring, monitoring equipment and systems integration, environmental data management and laboratory testing services, and wastewater treatment solutions in Malaysia, Indonesia, and Saudi Arabia.

About the company
Snowflake Analysis

Good value with adequate balance sheet.

REWARDS
Trading at 49.6% below our estimate of its fair value

OK bawa harga syer picorp balik 35sen :)

PICORP is delighted to announce our new Chairman. The Group extends its warm welcome to Datuk Syed Hisham Syed Wazir, who has been appointed to take the helm of PICORP's BOD leadership, effective 30 May 2023. The Group is honoured to have someone of Datuk Syed Hisham's caliber and expertise to be part of the Group steering us to new remarkable heights. We look forward to working with him to achieve our goals. 🎉

On August 17, 2023, Zaiyadal Group (a major shareholder of PICORP) concluded their Human Capital & Health, Safety, and Environment Day 2023 with resounding success.

This year's HC & HSE Day 2023, with the theme "Nurturing Talent, Enhancing Wellness," served as a platform to demonstrate our appreciation and gratitude to our greatest asset: our employees. Here are some of the event's highlights!

At PICORP, we aim to empower our employees by fostering a culture of positivity in the workplace, coupled with a strong focus on health, safety, and environmental excellence.

#HumanCapital #Health,Safety,andEnvironment #HC&HSEDAY2023

Any offers or MGO probably 15-20sen , let go ? :)

A Rep of Singapore institutional investor retired... :)


Save Print Back

7201 PICORP PROGRESSIVE IMPACT CORPORATION
Change in Audit Committee
Date of Change: 30/05/2023
Type of Change: Retirement
Designation: Others
Directorate: Ind & N/Exec
Name: LEE WENG CHONG
Age: 65
Country:
Nationality: Singapore
Qualifications:
Working Experience and Occupation:
Directorship of public companies (if any):
Family relationship with any director and/or major shareholder of the listed issuer:
Details of any interest in the securities of the listed issuer or its subsidiaries:
Composition of Audit Committee After Change:
Dato' Hajjah Rosnani Binti Ibarahim - Chairperson (Independent
Non-Executive Director)Zaidah Binti Mohd Salleh - Member (Non-Independent
Non-Executive Director)Kamarul Baharin Bin Albakri - Member (Independent
Non-Executive Director)
Remarks:
Mr Lee Weng Chong's retirement took effect upon the conclusion of the 31st
Annual General Meeting held on 30 May 2023.
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
Submitted By:

30/05/2023 07:00 AM


Ref Code: 202305305000829

There are a few reasons why institutional investors may be holding Progressive Impact Corporation Berhad (PICORP) shares.

PICORP is a well-established company with a long history of providing environmental solutions. The company has been in business for over 30 years and has a strong track record of providing innovative and sustainable environmental solutions to its customers. This experience and expertise is likely to be attractive to institutional investors, who are looking for companies with a proven track record.
PICORP has a strong market position in Malaysia. The company is a market leader in the provision of environmental solutions in Malaysia, with a 20% market share. This strong market position gives PICORP a competitive advantage and makes it a more attractive investment for institutional investors.
PICORP is expanding into new markets. The company is expanding its operations into new markets, such as Indonesia and Saudi Arabia. This expansion strategy is likely to drive future growth for PICORP and make it a more attractive investment for institutional investors.
PICORP is committed to ESG practices. The company is committed to environmental, social, and governance (ESG) practices. This focus on ESG is likely to be appealing to institutional investors, who are increasingly looking to invest in companies with strong ESG profiles.
PICORP is trading at a relatively attractive valuation. The company's stock price is currently trading below its book value and its historical average price-to-earnings ratio. This valuation discount may make PICORP shares more attractive to institutional investors, who are looking for undervalued investments.

Giliran bagi picorp nanti, sabar ya!

Konglomerat Sime Darby Bhd, membeli 61.2 peratus kepentingan dalam UMW Holdings Bhd daripada Permodalan Nasional Bhd (PNB) pada RM3.57 bilion secara tunai, untuk mempertingkatkan dan memperkukuh kehadirannya dalam sektor automotif Malaysia.

Konglomerat Sime Darby Bhd, membeli 61.2 peratus kepentingan dalam UMW Holdings Bhd daripada Permodalan Nasional Bhd (PNB) pada RM3.57 bilion secara tunai, untuk mempertingkatkan dan memperkukuh kehadirannya dalam sektor automotif Malaysia.

Konglomerat Sime Darby Bhd, membeli 61.2 peratus kepentingan dalam UMW Holdings Bhd daripada Permodalan Nasional Bhd (PNB) pada RM3.57 bilion secara tunai, untuk mempertingkatkan dan memperkukuh kehadirannya dalam sektor automotif Malaysia.

Konglomerat Sime Darby Bhd, membeli 61.2 peratus kepentingan dalam UMW Holdings Bhd daripada Permodalan Nasional Bhd (PNB) pada RM3.57 bilion secara tunai, untuk mempertingkatkan dan memperkukuh kehadirannya dalam sektor automotif Malaysia.



Konglomerat Sime Darby Bhd, membeli 61.2 peratus kepentingan dalam UMW Holdings Bhd daripada Permodalan Nasional Bhd (PNB) pada RM3.57 bilion secara tunai, untuk mempertingkatkan dan memperkukuh kehadirannya dalam sektor automotif Malaysia.

Desperate Retailers jual, terdesak, terpaksa, sapu je lah..

Major shareholders dan institutional investors tak jual, pegang je

If taken over by sime darby or ytl, back to 35sen or higher pun takda isu lah :)

THE EXISTING MAJOR SHAREHOLDERS OR INSTITUTIONAL INVESTORS START ADDING A BIT, DAH BOLEH SKY HIGH :)

52 Weeks Range

0.06 - 0.35 ;;JUST TAKE THE AVERAGE -> 41/2~ 21SEN

expecting picorp's revenue to be above RM30mil on a quarterly basis post-pandemic... more waste mgmt project, environment cleansing, etc nowadays...

picorp - a cool stock... providing ESG services, also shariah compliant :)

Giliran picorp bila2 masa .. simpan sedikit, usah sedih nanti



KUALA LUMPUR: Bursa Securities has suspended trading in Sime Darby Bhd shares at the request of the company with effect from 2.30pm on Aug 24, 2023 (Thursday).

Sime Darby said in a filing with Bursa Malaysia that trading in the structured warrants relating to the company have also been suspended.

Earlier today, Reuters reported that Permodalan Nasional Bhd (PNB) was considering the merger of Sime Darby's auto business, Sime Darby Motors, and Perusahaan Otomobil Kedua (Perodua) to create an automotive group worth more than RM10bil.

Sources had told the newswire that PNB was talking to advisers to explore options, which included merging the holding companies of the two units before creating the bigger automotive group that could help spearhead the development of the electric vehicle (EV) sector in Malaysia.

State investment firm PNB is the largest shareholder in Sime Darby with a 50% stake as well as the majority shareholder in UMW Holdings Bhd, the leading shareholder in Perodua, with 60.6% equity interest.

PNB already has a 10% direct stake in Perodua, whose other shareholders include Daihatsu, MBM Resources and Mitsui & Co.

As at the lunch break, Sime Darby was up one sen to RM2.11 a share on the back of 4.85 million units crossed while UMW had risen seven sen to RM4.62 on 4.1 million shares done.

Hopefully soon for picorp:)

Chip designer Nvidia forecast third-quarter revenue above Wall Street targets and said it will buy back $25 billion more of its shares as sales benefit from soaring demand for its chips ...

Hopefully soon for picorp:)

Chip designer Nvidia forecast third-quarter revenue above Wall Street targets and said it will buy back $25 billion more of its shares as sales benefit from soaring demand for its chips https://reut.rs/45njT9E

M&A activities are getting popular, undervalued, etc

Major shareholders or investors of picorp would cash out when the right offer comes