after qr out share price will down.... recently too many stocks already like that ....juz be patient dun see it n u gonna see the result after few mths
With the proposed acquisition of FMU 5 and given the knowledge, capacity andcompetency that the Group has acquired and built up over the years, and the on-going financial restructuring schemes, the Group is confident to achieve optimum productioncost efficiency which translate to maximize profits. As such, the Group is of the view that its near future prospect is good
The outlook for Malaysian timber industry remains stable with stable selling price in Japan and China as well as other Asian countries. The outlook for timber demand from Japan and China, who are major purchasers of plywood and round logs respectively is promising with growth from various positive factors and a stabilizing economy. However, during the financial period ended 31 March 2017, the Group is still facing shortage of raw materials. In order to increase the production level, the Group is actively sourcing for a more sustainable supply of raw materials beside actively developing forest re-plantation areas.
In this regards, the Group has made significant progress in this area and had announced on 21 October 2016, the Proposed Acquisition of FMU 5 comprising of 101,161 hectares in the State of Sabah which has been granted permission to plant, rehabilitate and harvest forests under the principles of sustainable forest management and environmental conservation for economic, environmental and social purposes. In addition, the Group had on 17 May 2017 announced that the Sabah Forestry Department has approved the commencement of operations in 2017 for Compartment 57 and Compartment 58 within the FMU 5. Apart from this, other Conditions Precedent as stipulated in the Sale & Purchase Agreement for the acquisition of FMU 5 has yet to be fulfilled at this juncture.
With the proposed acquisition of FMU 5 and given the knowledge, capacity and competency that the Group has acquired and built up over the years, and the on-going financial restructuring schemes, the Group is confident to achieve optimum production cost efficiency which translate to maximize profits. As such, the Group is of the view that its near future prospect is good. For the financial year 2017/2018, barring any unforeseen circumstances, the Board of Directors expect to improve the Group‟s performance
) On 17 May 2017, the Company was informed by Transkripsi Pintar Sdn Bhd that the Sabah Forestry Department has approved for Anika Desiran Sdn Bhd to commence operations in 2017 for Compartment 57 and Compartment 58 within FMU 5. In relation thereto, the parties to the SPA agree that the condition precedent in relation to the Coupe Permits as stipulated in the SPA is deemed fulfilled. In addition, the parties to the Log Extraction and Timber Sale Agreement agree that “Coupe Permits” referred to in the Log Extraction and Timber Sale Agreement should include the relevant approval(s) given by the Director of Sabah Forestry Department and therefore the Approval falls within the meaning of “Coupe Permit” as referred therein. In view of the Approval and as agreed by parties to the Log Extraction and Timber Sale Agreement, SSB, a wholly owned subsidiary of PWI will immediately commence operations for the operations for the extraction and removal of all commercial logs and/or merchantable timber from Compartment 57 and Compartment 58 within FMU 5 pursuant to the Log Extraction and Timber Sale Agreement.
Special issue of 10sen is nothing to do with us normal shareholders. Those are for for RHB founder, his wife and Maha Gayabina..dont know why suddenly panic sell happens!
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....
hallelujah
167 posts
Posted by hallelujah > 2017-05-30 11:21 | Report Abuse
this business cycle farking long la. u want see share price increase or dividend u need hold at least 5 years.