1) Company latest quarter accunt balance sheet ended sept20 have cash in hand 92mil with zero current and non current borrowing. Company in 18/11 private placement RM8mil and 21/1 P.P another RM8mil . Total cash in hand to date RM108mil. NET CASH 18 cents .
2) In 2020 , company disposed non-profit timber business and release a causing lost burden.
3) Company private placement at the lowest price at RM0.1612 and RM 0.1509 can see that these two batches are place for company related boss or operators.
4) Company venture business in solar panel project in September in Seremban and have sign selling power agreement with tenaga for 21 years period.
5) Company also venture in glove manufacturing sector via permaju glove. This will the themeplay of current market.
6) In july 20 , NSTP publish a news saying Permaju potential to be won a design and built highrise project worth RM1.2bil pending the kick start of project due to COVID. I believe the project will resume in Feb21 since our Malaysia vaccine arrival is targeted in Feb21. This was tremedously boost the permaju share price spike to the moon again.
Based on the above facts , the conclusion is BUY NOW with TP RM1.00 in very near term.
Permaju net cash per share RM0.18 with zero debt and the current share price was RM0.16. This kind of counter impossible so extremely undervalue can definitely cannot find in current market.
Additional Listing Announcement /Subdivision of Shares
Additional Listing Announcement /Subdivision of Shares PERMAJU INDUSTRIES BERHAD
1. Details of Corporate Proposal Involve issuance of new type/class of securities ? No Types of corporate proposal Conversion of Preference Shares Details of corporate proposal Conversion of Irredeemable Convertible Preference Shares to Ordinary Shares No. of shares issued under this corporate proposal 200,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.2500 Par Value($$) (if applicable) Malaysian Ringgit (MYR) 0.000 Latest issued share capital after the above corporate proposal in the following Units 608,034,722 Issued Share Capital ($$) Malaysian Ringgit (MYR) 321,553,728.370 Listing Date 29 Jan 2021
Announcement Info Company Name PERMAJU INDUSTRIES BERHAD Stock Name PERMAJU Date Announced 27 Jan 2021 Category Additional Listing Announcement /Subdivision of Shares Reference Number ALA-27012021-00002
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
tumbler
492 posts
Posted by tumbler > 2021-01-25 11:39 | Report Abuse
Bought in permaju(7080) with following reasons:
1) Company latest quarter accunt balance sheet ended sept20 have cash in hand 92mil with zero current and non current borrowing. Company in 18/11 private placement RM8mil and 21/1 P.P another RM8mil . Total cash in hand to date RM108mil. NET CASH 18 cents .
2) In 2020 , company disposed non-profit timber business and release a causing lost burden.
3) Company private placement at the lowest price at RM0.1612 and RM 0.1509 can see that these two batches are place for company related boss or operators.
4) Company venture business in solar panel project in September in Seremban and have sign selling power agreement with tenaga for 21 years period.
5) Company also venture in glove manufacturing sector via permaju glove. This will the themeplay of current market.
6) In july 20 , NSTP publish a news saying Permaju potential to be won a design and built highrise project worth RM1.2bil pending the kick start of project due to COVID. I believe the project will resume in Feb21 since our Malaysia vaccine arrival is targeted in Feb21. This was tremedously boost the permaju share price spike to the moon again.
Based on the above facts , the conclusion is BUY NOW with TP RM1.00 in very near term.