Posted by Gennosuke > 2021-02-08 19:01 | Report Abuse

I hv a pen and apple

Posted by Bentongchangsifu > 2021-02-09 10:01 | Report Abuse

Pinepac show bullish momentum today. Expect to challenge previous high 69sen soon.

Posted by SpicyMcDeluxe > 2021-02-09 11:08 | Report Abuse

kekw

Posted by Antfinance > 2021-02-09 11:15 | Report Abuse

this super super cash rich stock finally wake up liao.

Posted by bulldog > 2021-02-09 11:32 | Report Abuse

Pinepac on the move

Huat chaiii

Posted by bulldog > 2021-02-09 11:32 | Report Abuse

Angpow mali

Huat chaiii

Posted by bulldog > 2021-02-09 11:33 | Report Abuse

New high in the making

Huat chaiii

Posted by bulldog > 2021-02-09 11:33 | Report Abuse

I feel the power

Huat chaiii

Posted by bulldog > 2021-02-09 15:16 | Report Abuse

Uptrend intact

Huat chaiii

Posted by alan55 > 2021-02-13 20:34 | Report Abuse

Bulldog, you want to huatcai, buy Widetec(7692) faster on Mon. Tight control and rumour is that there will be a change in control soon. Just like SJC, limit up 3 times
Huat chai

Posted by alan55 > 2021-02-17 13:14 | Report Abuse

how Bulldog ? why no strength . No angpao liao

Posted by GTMS > 2021-02-22 20:00 | Report Abuse

Oil palm price up... but company loosing money

Posted by stockfreak > 2021-02-22 20:01 | Report Abuse

Maybe people are afraid of the IDSS coming next week.

Posted by MORAZ666 > 2021-02-26 21:53 | Report Abuse

next week got action?

Posted by oikas88 > 2021-03-19 16:10 | Report Abuse

Pineapple as new business injection?

Posted by ahgorgor > 2021-03-19 22:03 | Report Abuse

Net cash per share 80 sen, bila mau bagi balik ;)

Posted by charlie chia > 2021-03-22 20:20 | Report Abuse

Pls wake up

Posted by shaunjohn > 2021-03-29 20:06 | Report Abuse

A long slumber, is it? Perhaps, the calm before the storm. Sep deadline is fast approaching, time is running out for the company to establish its new principal business, I reckon returning cash to shareholder of not less than 83sen per share is inevitable.

Posted by ahgorgor > 2021-03-29 21:00 | Report Abuse

So good arh? Returning cash 83 sen only? How about other asset such as palm oil estate in Indonesia?

Posted by malaya_investor > 2021-04-30 08:52 | Report Abuse

pinepac.. go go.. go cash in hand wowww

Posted by Vijai Deb Palta > 2021-05-03 14:52 | Report Abuse

Todays 4 May, still no announcement pf Paragraph 8.03A.

Posted by shaunjohn > 2021-05-03 19:03 | Report Abuse

LU once announcement is made

Insiders are accumulating

Posted by Vijai Deb Palta > 2021-05-04 13:08 | Report Abuse

Paragraph 8.03A. today. Another 4 months to go

Posted by bulldog > 2021-05-20 11:19 | Report Abuse

Accumulation in progress

Huat chaiii

Posted by alan55 > 2021-05-26 10:48 | Report Abuse

NST highlighted that Bursa may censored this company if they did not do anything to regularize the breaches despite sitting on a pile of cash. (RM0.80 per share)
Some minority shareholders who collectively have more than 10% share can convene EGM to kick out the useless Board of directors.
Investors who see value for this stock may chase up prices next market day.

Posted by ahgorgor > 2021-06-04 10:31 | Report Abuse

MMCCORP announced SCR, if PINEPAC no plan, please propose SCR too

Posted by Vijai Deb Palta > 2021-06-12 15:06 | Report Abuse

From The New Straits Times: KUALA LUMPUR: Plantation-based Pinehill Pacific Bhd (PinePac) will likely face censure from Bursa Malaysia if the company does not come up with a regularisation plan before September 3, 2021.

However, the company is sitting on a large cash pile after disposing plantation assets in Perak.

PinePac fell under the ambit of Paragraph 8.03A(2) of the main market listing requirements of Bursa Malaysia on September 3, 2019 following the completion of a disposal exercise of its 9,000-acre plantation assets in the district of Hilir Perak to United Plantations Bhd for RM413.57 million cash.

With barely a quarter left (until September 3) to submit a regularisation plan to the relevant authorities for approval, the only option for both the owners and investors of PinePac to weigh cash out before the regularisation plan deadline.

A check on the company's profile reveals that PinePac operates as an investment holding company which engages in the development and operation of palm oil plantation.

Its plantation segment, which contributes a huge chunk of its revenue, engages in the business of oil palm cultivation and processing of palm oil that offers crude palm oil (CPO), palm kernel and other oil palm products for sale.

To note, PinePac's regularisation plan to Bursa Malaysia must demonstrate that the company remaining in business is viable, sustainable and has growth prospects, and that its level of operations remains suitable for continued listing.

If cashing out is the company option, PinePac will move to be delisted from Bursa Malaysia, which some market observers said to be the easiest option.

Others feel keeping the company's listing status intact may not be bad idea either given the current high crude palm oil (CPO) price which is at RM4,436 per tonne as of May 22.

Although stock market analysts are generally wary if the current CPO prices are sustainable – with many market observers expecting the prices to soften in the second half (2H) 2021 – small-cap palm oil stocks like PinePac do reign supreme in their own ways.

In a plantation sector review dated May 19, PublicInvest Research has suggested that investors look into small-mid cap plantation companies which give more attractive upside compared to their big cap counterparts.

This is given that despite the sharp rally in CPO prices, there has been little share price reaction for major plantation counters in view of poor liquidity and increasing concerns over ESG (environment, social and governance) practices.

But given that acquiring a plantation outfit may not sound a viable option amid current sluggish economic conditions, PinePac can opt to venture into new yet potentially lucrative business areas that promise consistent income such as renewable energy or being an independent power producer (IPP), to name a few options.

As it is, the current scenario is such that the share price of PinePac is trading at a massive discount against its net tangible asset (NTA).

Analysts believe amid the current pandemic-ravaged economy, it is quite unlikely to see large cash pile companies that can easily undertake new viable projects.

Posted by Vijai Deb Palta > 2021-06-12 15:07 | Report Abuse

Can some sifu comment on this.

Posted by Foker > 2021-06-16 23:49 | Report Abuse

Dont listen to dumb people. I notice the news journalists are usually dumb fools who never really make actual investments.

Posted by Foker > 2021-06-16 23:49 |

Post removed.Why?

Posted by Foker > 2021-06-16 23:52 | Report Abuse

Do they know Pinepac can easily say Covid hard to make acquisition, so defer it to next year? No they don't or act they don't know. Did they even note that their they are making losses of over RM 2 million a quarter? At this pace, if they defer for one more years, the cash pile will dwindle, if another year, dwindle untill RM 0.50 also don't have.

Posted by Foker > 2021-06-16 23:52 | Report Abuse

So where all the money go? Admin expense, salary etc, but as minority shareholders, you get nothing from the cash

Posted by Foker > 2021-06-16 23:53 | Report Abuse

One company even manage to get a deferral for 7 years after falling into PN16

Posted by Foker > 2021-06-16 23:53 | Report Abuse

If you think you are getting a good deal, think again. It is a trap.

Posted by Foker > 2021-06-16 23:54 |

Post removed.Why?

Posted by Foker > 2021-06-16 23:55 | Report Abuse

I wonder why you so ganjiong want people to buy Pinepac when it is clearly not favourable to minority shareholders. How can they incur RM 2 million and more a quarter, they are suppose to be shell company. How to guarantee it is not a leakage?

Posted by Foker > 2021-06-16 23:56 | Report Abuse

Untill it is trading at a discount of 70% to net cash, only it becomes a fair deal.

Posted by ggcomliao > 2021-06-17 09:39 | Report Abuse

When it is trading 70% to net cash Foker you can fok off

Posted by ahgorgor > 2021-06-18 09:41 | Report Abuse

70% discount is 24 sen, rather put all money into Foker's pocket

Posted by ahgorgor > 2021-06-21 11:41 | Report Abuse

pinepac 41 sen, thank you seller :)

Posted by Foker > 2021-06-21 13:45 | Report Abuse

When you are classified under PN16, the company's cash deposits should be locked away for a new core business. Why is Pinepac able to use the money to fund its Indonesia plantation business? Can SC pls clarify whether this is in compliance with Paragraph 8.03? I understand it is a rehabilitation program so quite likely the funding of its Indonesia business is expensed under Cost of Sales. Irregardless, this is using our money to pay for an existing business which is against paragraph 8.03.

Posted by Foker > 2021-06-21 13:47 | Report Abuse

Expansion into an existing business is not allowed as a regularisation plan. The cash deposits should be locked away for a new core business. Why are they allowed to take out the money for so called rehabilitation program? They do it through payment of cost of sales. Why is this even allowed. Under their utilisation of proceeds, they still have RM 85 million more to go for their rehabilitation program. After that, Pinepac will have almost no cash left. SC pls look into this and clarify

Posted by Foker > 2021-06-21 13:48 | Report Abuse

Clarify

Posted by Foker > 2021-06-21 13:49 | Report Abuse

Why the journalist who wrote about Pinepac didn't raise this issue? It just take a couple of minutes to read the QR reports. This is not a good thing.

Posted by Foker > 2021-06-21 13:49 | Report Abuse

What can potentially be a windfall for earlier shareholders is now eaten away by some faraway indonesian business. How ridiculous can this be

Posted by Foker > 2021-06-21 13:50 | Report Abuse

And yet, nobody seem to bother.

Posted by ahgorgor > 2021-06-21 20:23 | Report Abuse

@Foker, can you raise it to Bursa Malaysia since you are good in the area? Their email is aduan@bursamalaysia.com. I guess Bursa will escalate to SC if there is any wrongdoing.

Posted by ahgorgor > 2021-06-21 20:27 | Report Abuse

@Foker, FYA.
https://www.bursamalaysia.com/contact_us/other_complaints

Posted by Foker > 2021-06-21 22:19 | Report Abuse

Ahgorgor i am not good in anything. I just read up on pn16 and its requirements and also compared Pinepac to previous cases. Pinepac is just a little more peculiar in that it has quite a bit of cash outflows.

Posted by Foker > 2021-06-21 22:20 | Report Abuse

You got a point. I may email Bursa and see if what they are doing is in compliance with its ruling. But I can say straight off the bat it should be in compliance. However, it is very unfavourable to minority shareholders.