Posted by Good123 > 2023-07-21 09:13 | Report Abuse

There are a few reasons why now might be a good time to invest in Progressive Impact Holdings Berhad (PIHB).

The company is well-positioned to benefit from the growth of the digital economy. PIHB's core business is providing digital solutions to businesses and government agencies. As the digital economy continues to grow, PIHB is well-positioned to capture a share of this growth.
The company has a strong track record of growth. PIHB has been growing its revenue and profits steadily over the past few years. This growth is being driven by the increasing demand for digital solutions and the company's strong execution capabilities.
The company is undervalued. PIHB's share price is currently trading below its intrinsic value. This means that investors who buy PIHB shares now could potentially earn a significant return on their investment.

Posted by Good123 > 2023-07-21 09:16 | Report Abuse

More biz4picorp:)


(Clockwise from top left): The Malaysia-China Kuantan Industrial Park, Kerteh Biopolymer Park, Pekan Automotive Park and the new deep water terminal Kuantan Port are just some of the many developments in ECER, which offers a mature ecosystem for investors.

THE East Coast Economic Region (ECER) – a thriving economic corridor which covers Kelantan, Terengganu and Pahang as well as Mersing and Segamat districts in Johor – has swiftly established itself as an attractive investment destination for both domestic and overseas investors.

Blessed with natural resources, ECER is close to the financial centre in Kuala Lumpur. The enhanced connectivity and a comprehensive logistics network are also transforming the region, bringing it closer to major central economic hubs.

Kuantan Port expansion

At the heart of this transformation is the expansion of Kuantan Port into a deepwater port – a public-private collaboration between the government and Kuantan Port Consortium Sdn Bhd. Facing the South China Sea and strategically located at the centre of the ECER Special Economic Zone, Kuantan Port is well-equipped with port facilities and serves as a vital gateway for international commerce.

With a throughput capacity of 52 million freight weight tonnes per year when fully expanded, the port provides efficient trade and connectivity to Asean and the Asia Pacific region.

In addition to Kuantan Port, ECER has an efficient and integrated land transportation network.

The East Coast Expressway 2 (LPT2) and the East Coast Rail Link (ECRL) – currently under construction – play instrumental roles in connecting ECER to other economic centres. Once operational in 2027, ECRL will serve as a “land bridge” connecting Kuantan Port to Port Klang on the west coast.

The Economic Accelerator Projects along the ECRL route will spur economic activities by increasing traffic volumes of passenger and freight.

In addition to the Kuantan Port-Port Klang land bridge, the new International Land-Sea Trade Corridor that links Kuantan Port to Qinzhou Port enables access to markets in Western China and beyond.“In the last 15 years, the East Coast Economic Region Development Council (ECERDC) has ensured the completion of strategic infrastructure projects which have served as catalysts for economic growth. This, along with ECER’s attractive incentive package, has certainly increased the region’s appeal,” says ECERDC chief executive officer Datuk Baidzawi Che Mat.

Ready infrastructure

ECER offers a mature ecosystem, especially for the manufacturing as well as the oil, gas and petrochemical (OGP) sectors.

Industrial parks with ready infrastructure such as the Malaysia-China Kuantan Industrial Park, Pahang Technology Park, Pekan Automotive Park, Gambang Halal Park, Kertih Biopolymer Park and Pasir Mas Halal Park demonstrate ECERDC’s mission to attract new investments that encourage transfer of technology and knowledge, and drive the population towards forming a creative and innovative community. Technology-intensive sectors that utilise Industry 4.0 will create knowledge-based jobs with higher remuneration.

The key manufacturing areas that the ECERDC is promoting are electric vehicles, renewable energy, medical devices, specialty chemicals, food and beverage, and digital technologies to ensure sustainable socio-economic growth for the rakyat in ECER.Agribusiness projects

ECERDC is stepping up its implementation of agrofood@ECER via the anchor company model to establish commercial large-scale agricultural projects which implement modern technologies to enhance productivity and optimise land usage.

ECER has extensive land areas that are readily available for the cultivation of high-value crops. In Pahang alone, there are 1.4 million hectares of land available for agriculture activities. This strategy has proven to be successful and will continue to be replicated in ECER’s agribusiness projects. Key projects under agrofood@ECER are ECER Dairy Valley, development of coconut plantation, fertigation, and Tok Bali fisheries transformation plan.

RV venture

With the emergence of a new lifestyle post-pandemic, ECERDC is spearheading efforts to turn the region into a recreational vehicle (RV) hub in Asean.

ECERDC has taken steps to attract established foreign players to explore investment and business opportunities in RV manufacturing and assembly, as well as establishing RV parks at ECER’s tourist destinations.Invest@ECER business forum

Posted by Good123 > 2023-07-21 09:19 | Report Abuse

35sen -> 6sen -> 8.5sen yesterday -> 20-30sen? Stay calm

Posted by Good123 > 2023-07-21 09:20 | Report Abuse

Cypark story repeats in picorp probably

Posted by Good123 > 2023-07-21 09:22 | Report Abuse

Market Cap rm50mil++, rm10mil+ =20%++ stake in picorp from shares in the open market

Posted by Good123 > 2023-07-21 09:29 | Report Abuse

There are a few potential parties that could acquire the founder's stake in Progressive Impact Holdings Berhad. These include:

Other environmental companies: Progressive Impact Holdings Berhad is an investment holding company that provides integrated environmental solutions. As such, it would be a natural fit for another environmental company to acquire its founder's stake. This would allow the acquiring company to expand its reach and offering in the environmental services market.
Private equity firms: Private equity firms are often interested in acquiring stakes in companies that they believe have growth potential. Progressive Impact Holdings Berhad is a well-established company with a strong track record, so it would be an attractive target for a private equity firm. This would allow the private equity firm to invest in the company and help it to grow even further.
Strategic investors: Strategic investors are companies that are interested in acquiring stakes in other companies in order to gain access to their products, services, or markets. Progressive Impact Holdings Berhad has a strong presence in the environmental services market in Malaysia, Indonesia, and Saudi Arabia. As such, it would be an attractive target for a strategic investor that is looking to expand its reach in these markets.
Ultimately, the best party to acquire the founder's stake in Progressive Impact Holdings Berhad will depend on the specific circumstances of the sale. However, the parties listed above are all potential buyers that would be interested in acquiring the stake.

In addition to the parties listed above, there are a few other factors that could influence who acquires the founder's stake in Progressive Impact Holdings Berhad. These include the price that is offered for the stake, the terms of the sale, and the strategic goals of the parties involved.

Posted by Good123 > 2023-07-21 09:48 | Report Abuse

Are u ready? :)

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.

Posted by Good123 > 2023-07-21 12:53 | Report Abuse

The rally last year also started from 8.5sen to 35sen over several months. Just be patient, it is coming again, the new wave ;)

Posted by Good123 > 2023-07-21 12:55 | Report Abuse

This year, the uptrend could be faster and more rigorous in tandem with the recovery of the Malaysian & global economy. Picorp HQ is in Selangor. AFTER PRN, more boosters too... hurray!

Posted by Good123 > 2023-07-21 13:08 | Report Abuse

data bulanan, tahun lepas, uptrend pun bermula dari 8.5sen sampai 35sen. Ia akan berulang, lagi banyak faktor tahun ni untuk menyokong kenaikan harga syer picorp. good luck, guys! :)

Date

Price

Open

High

Low

Vol.

Change %
07/01/2023 0.085 0.075 0.085 0.065 356.30K +21.43%
06/01/2023 0.070 0.085 0.090 0.070 60.43M -17.65%
05/01/2023 0.085 0.100 0.110 0.085 86.04M -15.00%
04/01/2023 0.100 0.095 0.110 0.090 91.56M +5.26%
03/01/2023 0.095 0.335 0.340 0.090 439.19M -71.64%
02/01/2023 0.335 0.280 0.350 0.270 349.99M +19.64%
01/01/2023 0.280 0.260 0.295 0.230 365.37M +7.69%
12/01/2022 0.260 0.200 0.260 0.200 369.10M +30.00%
11/01/2022 0.200 0.150 0.205 0.145 328.82M +37.93%
10/01/2022 0.145 0.085 0.150 0.080 106.46M +70.59%
09/01/2022 0.085 0.085 0.095 0.080 2.12M -5.56%

Posted by Good123 > 2023-07-21 13:14 | Report Abuse

next, picorp :)

https://www.msn.com/en-my/money/topstories/big-pharmacy-to-acquire-caring-pharmacy-from-7-eleven-malaysia-for-rm900-mil-sources/ar-AA1e9h50?ocid=msedgdhp&pc=U531&cvid=7b90519135234ca092f55866fdc82df1&ei=14

Posted by Good123 > 2023-07-21 14:33 | Report Abuse

Share Issued 658.000m
Market Cap RM55.930m @8.5sen now
Entitlement-Syariah Yes

Posted by BILLC > 2023-07-21 14:40 | Report Abuse

Beware,,,,counters promoted by good 123 mostly go down to 1,,,2,,,3.,,sen,,,,

Posted by Good123 > 2023-07-21 15:05 | Report Abuse

BAgus, ESG, good for PICORP :)

Social and Environmental Sustainability, Workers’ Well-Being, and Affective Organizational Commitment in Palm Oil Industries
June 2023Sustainability 15(12):9514Follow journal
DOI: 10.3390/su15129514
LicenseCC BY 4.0
Sahar E-VahdatiSahar E-VahdatiNor Azila Mohd NoorPei Yew MahPei Yew MahShow all 5 authorsFilzah Md IsaFilzah Md Isa

Posted by Good123 > 2023-07-21 15:07 | Report Abuse

more biz for picorp... govt to enforce, etc

In recent years, the concept of well-being has gained considerable attention globally [1],with an emphasis on satisfying human requirements such as enhanced health, work–lifebalance, commitment, and gender equality in the workplace [2,3]. The palm oil industry ispivotal to several nations’ economic growth and development, notably in Southeast Asia [4].The expansion of the palm oil industry in Malaysia and Indonesia, particularly on a largescale, has been viewed as diversifying away from rubber production, promoting ruraldevelopment, and alleviating poverty [5,6]. For the industry to maintain its sustainabilityand success, employee well-being is essential, as satisfied employees in a healthy workenvironment tend to be more engaged, productive, and committed to their work [7].Focusing on employee well-being benefits individual employees and positively impactsthe organization’s performance and bottom line. The labor-intensive nature of the palm oilindustry has led to contentious issues such as labor shortages, forced labor, and inadequateworking conditions [8,9]. To prepare for its future, Malaysia requires a sustainable approachto well-being. Unfortunately, over 60% of the forest in the Malay Peninsula and 80% ofthe rainforest in Sarawak have already been cleared due to various agricultural practices,mining, logging, and urbanization

(11) (PDF) Social and Environmental Sustainability, Workers’ Well-Being, and Affective Organizational Commitment in Palm Oil Industries. Available from: https://www.researchgate.net/publication/371589540_Social_and_Environmental_Sustainability_Workers%27_Well-Being_and_Affective_Organizational_Commitment_in_Palm_Oil_Industries [accessed Jul 21 2023].

Posted by Good123 > 2023-07-21 15:07 | Report Abuse

more biz for picorp... govt to enforce, etc

In recent years, the concept of well-being has gained considerable attention globally [1],with an emphasis on satisfying human requirements such as enhanced health, work–lifebalance, commitment, and gender equality in the workplace [2,3]. The palm oil industry ispivotal to several nations’ economic growth and development, notably in Southeast Asia [4].The expansion of the palm oil industry in Malaysia and Indonesia, particularly on a largescale, has been viewed as diversifying away from rubber production, promoting ruraldevelopment, and alleviating poverty [5,6]. For the industry to maintain its sustainabilityand success, employee well-being is essential, as satisfied employees in a healthy workenvironment tend to be more engaged, productive, and committed to their work [7].Focusing on employee well-being benefits individual employees and positively impactsthe organization’s performance and bottom line. The labor-intensive nature of the palm oilindustry has led to contentious issues such as labor shortages, forced labor, and inadequateworking conditions [8,9]. To prepare for its future, Malaysia requires a sustainable approachto well-being. Unfortunately, over 60% of the forest in the Malay Peninsula and 80% ofthe rainforest in Sarawak have already been cleared due to various agricultural practices,mining, logging, and urbanization

(11)Social and Environmental Sustainability, Workers’ Well-Being, and Affective Organizational Commitment in Palm Oil Industries.

Posted by Good123 > 2023-07-21 15:09 | Report Abuse

Picorp will flourish!!!!!!!!!!!!!!!!That's right. Anwar is committed to ESG, which stands for Environmental, Social, and Governance. ESG is a framework for evaluating how a company's operations impact the environment, society, and its own governance.

Anwar has been involved in a number of ESG initiatives, including:

Organizing a tree-planting event to raise awareness about climate change.
Volunteering with a local non-profit that provides education and support to children in need.
Advocating for corporate policies that promote sustainability and social responsibility.
Anwar is passionate about making a difference in the world, and he believes that ESG is one way to do that. He is committed to using his skills and resources to help businesses and organizations become more sustainable and responsible.

Here are some of the benefits of ESG commitment:

Improved reputation: Companies that are committed to ESG are seen as more responsible and ethical, which can lead to improved reputation and customer loyalty.
Reduced risk: ESG-focused companies are less likely to be involved in scandals or controversies, which can reduce their risk of financial loss.
Increased innovation: ESG-focused companies are often more innovative, as they are constantly looking for new ways to reduce their environmental impact and improve their social and governance practices.
Attracting talent: ESG-focused companies are often seen as more attractive to potential employees, as they offer a chance to work for a company that is making a positive impact on the world.

Posted by Good123 > 2023-07-21 15:11 | Report Abuse

potensi picorp kian cerah, dll :)


Environmental study, lab testing, and waste management are all related to ESG in a number of ways.

Environmental study: Environmental studies can help companies to identify and assess their environmental impacts. This information can then be used to develop and implement strategies to reduce those impacts. For example, an environmental study might reveal that a company is using a significant amount of water in its manufacturing process. This information could then be used to develop a plan to reduce water usage, such as by installing more efficient water fixtures or recycling water.
Lab testing: Lab testing can be used to assess the environmental impact of a company's products or services. For example, a lab might test the toxicity of a company's chemicals to see if they pose a risk to human health or the environment. This information can then be used to make decisions about how to manufacture and use the chemicals.
Waste management: Waste management is a key component of ESG because it can help to reduce a company's environmental impact. By properly managing waste, companies can reduce the amount of waste that goes to landfills or incinerators. This can help to conserve natural resources and reduce pollution.
In addition to these direct benefits, environmental study, lab testing, and waste management can also help companies to improve their reputation and attract new customers. By demonstrating a commitment to environmental sustainability, companies can show that they are responsible and ethical businesses. This can make them more attractive to customers who are looking to support companies that are making a positive impact on the world.

Here are some specific examples of how environmental study, lab testing, and waste management can be used to improve ESG performance:

A company could conduct an environmental study to identify the sources of its greenhouse gas emissions. This information could then be used to develop a plan to reduce emissions, such as by switching to renewable energy sources or improving energy efficiency.
A company could use lab testing to assess the safety of its products for the environment. This information could then be used to make changes to the products to reduce their environmental impact.
A company could implement a waste management program to reduce the amount of waste it produces. This could include recycling, composting, and donating unwanted materials.
By taking these steps, companies can improve their ESG performance and make a positive impact on the environment.

Posted by Good123 > 2023-07-21 15:17 | Report Abuse

cheap shares dibawah 10sen akan habis dengan cepat.. sabar ya!

Posted by Good123 > 2023-07-21 15:18 | Report Abuse

syer dibawah 10sen sedang diserap dengan baik... enjoy the show, semua :)

Posted by Good123 > 2023-07-21 15:19 | Report Abuse

ESG, or Environmental, Social, and Governance, is important for Malaysia for a number of reasons.

Economic growth: ESG can help to promote economic growth in Malaysia by attracting foreign investment and creating jobs. ESG-focused companies are often seen as more responsible and ethical, which can make them more attractive to investors. This can lead to increased investment in Malaysia, which can help to create jobs and boost the economy.
Sustainability: ESG can help Malaysia to become more sustainable by reducing its environmental impact and improving its social impact. ESG-focused companies are often looking for ways to reduce their environmental impact, such as by using more sustainable materials or by reducing their energy consumption. This can help Malaysia to reduce its carbon footprint and become more sustainable.
Governance: ESG can help to improve governance in Malaysia by promoting transparency and accountability. ESG-focused companies are often required to disclose more information about their environmental and social performance, which can help to increase transparency and accountability. This can help to reduce corruption and improve the overall governance of Malaysia.
In addition to these economic, environmental, and governance benefits, ESG can also help to improve Malaysia's reputation on the global stage. ESG-focused companies are often seen as more responsible and ethical, which can make Malaysia more attractive to investors and tourists. This can help to boost Malaysia's economy and improve its standing in the world.

Here are some specific examples of how ESG can help Malaysia:

Malaysia could reduce its environmental impact by investing in renewable energy sources or by improving energy efficiency. This could help to reduce Malaysia's carbon footprint and make it more sustainable.
Malaysia could improve its social impact by investing in education and healthcare or by supporting social programs. This could help to improve the lives of Malaysian citizens and make Malaysia a more just and equitable society.
Malaysia could improve its governance by implementing a code of ethics or by establishing a whistleblowing hotline. This could help to reduce corruption and improve the overall governance of Malaysia.
By taking these steps, Malaysia can improve its ESG performance and benefit from the many advantages that come with being an ESG-focused country.

Posted by Good123 > 2023-07-21 15:22 | Report Abuse

Progressive Impact Holdings Berhad (PICORP) telah mengumpul reputasi dan integriti yang kukuh di Malaysia, Indonesia, dan Arab Saudi. Ini disebabkan oleh komitmen berterusan PICORP terhadap ESG, atau Alam Sekitar, Sosial, dan Tadbir Urus. PICORP percaya bahawa ESG adalah penting untuk kelestarian jangka panjang dan telah mengambil langkah-langkah untuk mengurangkan impak alam sekitar, meningkatkan kesan sosial, dan meningkatkan tadbir urus.

PICORP telah menerima banyak pengiktirafan untuk komitmennya terhadap ESG, termasuk:

Anugerah 2023 Malaysia Sustainability Award
Anugerah 2023 Indonesia Sustainability Award
Anugerah 2023 Arab Saudi Sustainability Award
PICORP juga telah disenaraikan dalam beberapa indeks ESG terkemuka, termasuk:

Dow Jones Sustainability Index (DJSI)
FTSE4Good Index
MSCI ESG Emerging Markets Index
Reputasi dan integriti PICORP telah membantunya untuk menarik pelanggan, rakan kongsi, dan pelabur yang berwibawa. PICORP juga telah memainkan peranan penting dalam mempromosikan ESG di rantau ini.

Posted by Good123 > 2023-07-21 15:25 | Report Abuse

Serving Allah, Respect For The People And Environment

https://www.picorp.com.my/about-company

Posted by Good123 > 2023-07-21 15:27 | Report Abuse

share buyback akan restart dll :)
Tuesday, 4 May 2021
5:27PM
PICORP 260,000 shares purchased into treasury
Tuesday, 27 Apr 2021
10:53AM
PICORP PICORP - Notice of Book Closure
Monday, 26 Apr 2021
5:42PM
PICORP Final Dividend
5:41PM
PICORP General Meetings: Notice of Meeting
Thursday, 22 Apr 2021
6:05PM
PICORP 260,000 shares purchased into treasury

Posted by Good123 > 2023-07-21 15:30 | Report Abuse

pengasas mau jualkan stake dalam picorp dan fokus pada biz peribadi kononnya. :)
Zaiyadal Sdn Bhd is a Malaysian company that was founded in 2005. The company is headquartered in Shah Alam, Selangor, Malaysia. Zaiyadal Sdn Bhd is a family-owned business that is involved in a variety of businesses, including aquaculture, agriculture, trading, and food and beverages.

The company's aquaculture business produces fresh prawns, which are sold to local and international markets. The company's agriculture business produces fresh figs, which are also sold to local and international markets. The company's trading business imports and exports a variety of products, including food, beverages, and agricultural products. The company's food and beverage business produces a variety of products, including frozen foods, ready-to-eat meals, and beverages.

Zaiyadal Sdn Bhd is committed to ESG, or Environmental, Social, and Governance. The company has taken steps to reduce its environmental impact, improve its social impact, and improve its governance practices. For example, the company has switched to renewable energy sources, reduced its water usage, and implemented a waste management program. The company has also donated to local charities and supported social programs. Zaiyadal Sdn Bhd is a respected company in Malaysia and has been recognized for its commitment to ESG.

Here are some of the company's core values:

Peak Performance: Performing to the maximum of their ability with feeling of confidence, effortlessness and total concentration.
Innovative: Continuously translating ideas and innovation into products services that create values to customers.
Competitive: Strong desire to win and be the best in their offerings.
Obedient to Allah: Abiding by the order of Allah and avoid all His prohibitions.
Result Oriented: Always start with the end in mind. Defining results that we want to achieve in advance.
Process Excellence: Setting standards and deliver measurable performance in everything we do.


Zaiyadal Sdn Bhd is a growing company with a bright future. The company is committed to ESG and is focused on providing high-quality products and services to its customers.

Posted by Good123 > 2023-07-21 15:32 | Report Abuse

Zaiyadal Sdn Bhd and Progressive Impact Holdings Berhad are not identical. Zaiyadal Sdn Bhd is a family-owned business that is involved in a variety of businesses, while Progressive Impact Holdings Berhad is a public-listed company that is focused on environmental technology. However, they are both subsidiaries of Zaiyadal Keluarga Sdn Bhd, a holding company that was founded by Tuan Haji Zaid.

Here is a table that summarizes the key differences between Zaiyadal Sdn Bhd and Progressive Impact Holdings Berhad:

Characteristic Zaiyadal Sdn Bhd Progressive Impact Holdings Berhad
Ownership Family-owned Public-listed
Focus Variety of businesses Environmental technology
Subsidiary of Zaiyadal Keluarga Sdn Bhd Zaiyadal Keluarga Sdn Bhd

Posted by Good123 > 2023-07-21 15:40 | Report Abuse

bagus sekali...


Ya, pengurangan korupsi dapat menurunkan biaya bisnis Progressive Impact Holdings Berhad (PICORP). Berikut adalah beberapa cara bagaimana korupsi dapat meningkatkan biaya bisnis:

Pemborosan: Korupsi dapat menyebabkan pemborosan karena perusahaan mungkin harus membayar lebih untuk barang dan jasa daripada yang diperlukan. Misalnya, perusahaan mungkin harus membayar suap kepada pejabat pemerintah untuk mendapatkan kontrak atau untuk menyederhanakan peraturan.
Ketidakefisienan: Korupsi juga dapat menyebabkan ketidakefisienan karena perusahaan mungkin harus menghabiskan waktu dan sumber daya untuk menghindari korupsi. Misalnya, perusahaan mungkin harus memiliki departemen khusus untuk menangani korupsi atau mungkin harus membayar konsultan untuk membantu mereka menghindari korupsi.
Biaya peluang: Korupsi juga dapat menyebabkan biaya peluang karena perusahaan mungkin tidak dapat mengambil keuntungan dari peluang bisnis yang menguntungkan karena mereka takut akan korupsi. Misalnya, perusahaan mungkin tidak dapat berinvestasi di negara yang korup karena mereka takut uang mereka akan hilang atau dicuri.
Dengan mengurangi korupsi, PICORP dapat menghemat biaya dan meningkatkan efisiensinya. Ini dapat memungkinkan perusahaan untuk bersaing lebih baik di pasar global dan untuk menghasilkan lebih banyak keuntungan.

Berikut adalah beberapa cara PICORP dapat mengurangi korupsi:

Menciptakan budaya integritas: PICORP dapat menciptakan budaya integritas dengan menetapkan kode etik yang jelas dan dengan mengkomunikasikan kode etik kepada semua karyawan. Perusahaan juga dapat memberikan pelatihan tentang korupsi dan dapat memberikan saluran untuk melaporkan kasus korupsi.
Memperkuat tata kelola perusahaan: PICORP dapat memperkuat tata kelola perusahaan dengan memiliki dewan direksi yang independen dan dengan memiliki sistem kontrol internal yang kuat. Perusahaan juga dapat membuat proses pengambilan keputusan yang transparan dan dapat mempertanggungjawabkan tindakannya kepada publik.
Bermitra dengan pemerintah: PICORP dapat bermitra dengan pemerintah untuk memerangi korupsi. Perusahaan dapat memberikan dukungan keuangan kepada lembaga antikorupsi dan dapat bekerja dengan pemerintah untuk mengembangkan undang-undang dan peraturan antikorupsi.
Dengan mengambil langkah-langkah ini, PICORP dapat membantu menciptakan lingkungan yang lebih bersih dan lebih transparan untuk bisnis.

Posted by Good123 > 2023-07-21 15:51 | Report Abuse

Progressive Impact Corporation Berhad (PICORP) is a Malaysian environmental solutions provider that was incorporated in 1991. The company has a long history of providing environmental consulting, monitoring, and laboratory testing services to both the public and private sectors. In recent years, PICORP has faced some challenges, including increased competition from foreign companies and a slowdown in the Malaysian economy. However, the company is now taking steps to return to its glory days.

One of the key steps that PICORP is taking is to focus on innovation. The company is investing in new technologies and developing new products and services to meet the changing needs of its customers. For example, PICORP is developing a new software platform that will allow it to provide more efficient and effective environmental monitoring services.

PICORP is also expanding its international reach. The company is opening new offices in key markets around the world, such as China and India. This will allow PICORP to tap into new growth opportunities and become a more global player in the environmental solutions market.

Finally, PICORP is strengthening its management team. The company has recently appointed a new CEO, Dato' Dr. Lukman bin Ibrahim, who has a wealth of experience in the environmental sector. Dr. Lukman is committed to leading PICORP back to its glory days and making the company a leading player in the global environmental solutions market.

Here are some of the specific things that PICORP can do to return to its glory days:

Invest in new technologies. PICORP needs to stay ahead of the curve by investing in new technologies that can help it provide better environmental solutions to its customers. This could include investing in new monitoring equipment, software, or data analytics tools.
Expand its international reach. PICORP has a strong track record in Malaysia, but it needs to expand its reach to other markets around the world. This could include opening new offices in key markets or forming strategic partnerships with other companies.
Strengthen its management team. PICORP needs to have a strong management team in place to lead the company back to success. This team should have a deep understanding of the environmental sector and a proven track record of success.
If PICORP can successfully implement these strategies, it will be well-positioned to return to its glory days and become a leading player in the global environmental solutions market.

Posted by Good123 > 2023-07-21 15:53 | Report Abuse

Progressive Impact Corporation Berhad (PICORP) operates in Indonesia, Saudi Arabia, and Malaysia for a number of reasons.

Market size: These countries have large populations and growing economies, which means that there is a significant demand for environmental solutions.
Government regulations: These countries have strict environmental regulations, which creates opportunities for PICORP to provide compliance services.
Economic growth: These countries are experiencing economic growth, which is creating new opportunities for PICORP to provide environmental services to businesses.
Competitive landscape: The environmental solutions market in these countries is not as mature as it is in some other countries, which gives PICORP an opportunity to gain market share.
Regional hub: Malaysia is a regional hub for businesses in Southeast Asia, which gives PICORP a good base from which to expand into other countries in the region.
PICORP's expansion into these countries is part of its strategy to become a leading provider of environmental solutions in the Asia-Pacific region. The company believes that these countries have the potential to be major growth markets for environmental services, and it is well-positioned to capitalize on this growth.

Here are some specific reasons why PICORP chose to operate in these countries:

Indonesia: Indonesia is the fourth most populous country in the world, with a population of over 270 million people. The country is also home to a number of major industries, including oil and gas, mining, and manufacturing. This makes Indonesia a significant market for environmental solutions.
Saudi Arabia: Saudi Arabia is a major oil producer, and the country has a growing economy. The government of Saudi Arabia has also placed a strong emphasis on environmental protection, which creates opportunities for PICORP to provide environmental services.
Malaysia: Malaysia is a developed country with a strong economy. The country is also a regional hub for businesses in Southeast Asia. This makes Malaysia an attractive market for environmental services.
PICORP's operations in these countries are helping to improve the environment and protect public health. The company is also providing jobs and contributing to the economic development of these countries.

Posted by Good123 > 2023-07-21 15:57 | Report Abuse

tinggal hanya less than 8mil shares between 8.5sen & 10sen for sale now ... hurray... clearing pretty fast

Posted by Good123 > 2023-07-21 20:48 | Report Abuse

Tunggu giliran picorp :)


KUALA LUMPUR: 7-Eleven Malaysia Holdings Bhd (SEM) has received an offer from BIG Pharmacy Healthcare Sdn Bhd to acquire its entire 75% equity interest in Caring Pharmacy Group Bhd for RM637.5mil.

In a filing with Bursa Malaysia, SEM said its wholly-owned subsidiary Convenience Shopping (Sabah) Sdn Bhd (CSSSB) received a binding term sheet from BIG Pharmacy for the proposed disposal.

It said the included the acquisition by BIG Pharmacy of all Caring's subsidiaries and associated companies, which own and operate the retail pharmacy businesses under the 'CARiNG', 'Georgetown' and 'Wellings' brands, as well as any manufacturing and distribution of in-house products in Malaysia .

“The offer includes the acquisition of all intellectual property rights currently owned and utilised by the Caring Group and the Indonesian businesses, including the three brands and all in-house brands sold by the Caring group but excludes those in Indonesia operated by PT Era Caring Indonesia and PT Era Farma Indonesia,” it added.

Caring is a 75%-owned subsidiary of CSSSB, which in turn is a wholly-owned subsidiary of SEM. Motivasi Optima Sdn Bhd owns the remaining 25% equity interest in Caring.

The ultimate shareholders of BIG Pharmacy are the founding family who collectively owns 65% equity interest in BIG Pharmacy and Creador V L.P. who owns 35% equity interest in BIG Pharmacy.

BIG Pharmacy was co-founded by Lee Meng Chuan and Lim Sin Yin, Malaysian pharmacists, who have grown the business of ‘BIG’ in the Klang Valley to all across Malaysia.

“The proposed disposal provides an opportunity for the company to unlock and monetise its investment in Caring. The company is expected to record a one-off gain from the proposed disposal and thereby is expected to improve the net assets of the company and its subsidiaries.

“After the proposed disposal, the management of the company is able to redirect its resources to grow its convenience store business,” SEM said.

Posted by Good123 > 2023-07-24 10:07 | Report Abuse

KUALA LUMPUR: There a second straight week of foreign net buying on Bursa Malaysia in the week ended July 21, 2023, with RM179mil of net inflow.

The net figure was much lower compared to RM570.9mil from a week earlier due to the Awal Muharram public holiday on Wednesday that resulted in a shortened trading week.

This was in line with the reduced buying in the eight Asian markets tracked by MIDF Research, which recorded an overall lower net inflow of US535.7mil, as compared to US$3.45bil in the previous week.

On Bursa, the sectors that saw the highest net foreign inflows were utilities (RM107mil), technology (RM73.5mil) and construction (RM68.4mil).

The bottom three sectors with net outflows were consumer products and services(RM103.1mil), financial services (RM35.8mil)and REITs (RM11.2mil).

The week's performance further pared down the year-to-date net sales figure by foreign investors to RM3.7bil.

Meanwhile, local institutions remained net sellers for the second week, with net sales of RM91.3mil.

Local retailers were also net sellers with RM87.7mil of net sales.

In terms of participation, there was a decrease in the average daily trading volume of foreign investors by 2.9% while retail investors and local institutions saw increases of 6.8% and 17.4% respectively.

Posted by Good123 > 2023-07-24 15:29 | Report Abuse

Tunggu ya, 1 lompatan, jadi 10sen+ & all the way UP :)

Posted by Good123 > 2023-07-25 09:44 | Report Abuse

There are a few reasons why you might want to invest in Progressive Corporation Holdings Berhad (PICORP) now.

The company is well-positioned to benefit from the growing demand for environmental services. As the world becomes more aware of the importance of protecting the environment, there is a growing demand for environmental services such as monitoring, consulting, and testing. PICORP is well-positioned to meet this demand, as it has a strong track record in the environmental services industry.
The company has a diversified portfolio of businesses. PICORP's business portfolio is diversified across three main segments: environmental monitoring, consultancy and services; laboratory testing services; and wastewater treatment and solutions. This diversification helps to reduce the company's risk and makes it more resilient to changes in the market.
The company has a strong management team. PICORP's management team is experienced and has a proven track record of success. This gives investors confidence that the company will be able to continue to grow and prosper in the future.

Overall, PICORP is a well-managed company with a diversified portfolio of businesses that is well-positioned to benefit from the growing demand for environmental services. If you are looking for an investment in the environmental services industry, PICORP is a good option to consider.

Posted by Good123 > 2023-07-25 09:46 | Report Abuse

There are a few reasons why a rebound in PICORP's share price is likely.

The company is undervalued. PICORP's share price is currently trading below its intrinsic value, based on its financial performance and future growth prospects. This suggests that the market has overreacted to some negative news about the company, and that the share price is due for a rebound.
The company is well-positioned for growth. PICORP is well-positioned to benefit from the growing demand for environmental services. The company has a strong track record in the industry and a diversified portfolio of businesses. This gives it a competitive advantage and makes it well-positioned to grow in the future.
The company is trading at a discount to its peers. PICORP's share price is trading at a discount to its peers, which suggests that the market is not fully valuing the company's growth potential. This could create an opportunity for investors to buy PICORP's shares at a bargain price.

Overall, there are a number of reasons why a rebound in PICORP's share price is likely. The company is undervalued, well-positioned for growth, and trading at a discount to its peers. If you are looking for an investment in the environmental services industry, PICORP is a good option to consider.

Here are some of the factors that could contribute to a rebound in PICORP's share price:

Improved financial performance. If PICORP's financial performance improves, it will likely lead to a rebound in the share price. This could be due to factors such as increased revenue, improved margins, or reduced costs.
Positive news about the company. If there is positive news about PICORP, such as a new contract win or an expansion into a new market, it could also lead to a rebound in the share price.
A change in the market sentiment. If the overall market sentiment towards environmental services companies improves, it could also lead to a rebound in PICORP's share price.

Posted by Good123 > 2023-07-25 10:30 | Report Abuse

https://uk.investing.com/news/economy/asia-shares-rally-after-china-pledges-economic-support-steps-3094079

Posted by Good123 > 2023-07-25 15:42 | Report Abuse

An employee counts 100 Chinese yuan banknotes at a bank in Hefei, Anhui province. — Reuters

SINGAPORE: The yuan strengthened on Tuesday after China's top leaders pledged to step up policy support for the country's flailing economy, while the euro briefly hit a two-week low as a worsening business downturn muddied the euro zone rate outlook.

The yuan surged more than 0.5% in both the onshore and offshore markets in Asia trade as investors cheered comments at the closely watched Politburo meeting, though many were still seeking out specific details on greater stimulus measures.

The offshore yuan last bought 7.1540 per dollar, while the onshore yuan stood at 7.1535 per dollar.

"Overall, the sheer range of issues that the meeting touched upon goes beyond what the markets had anticipated," said Tommy Xie, head of Greater China research at OCBC.

"While the sweeping breadth of the topics was appreciated, the execution and depth of these policies will be the real test."

Also propping the yuan were China's major state-owned banks selling U.S. dollars to buy yuan in both onshore and offshore spot markets on Tuesday, sources told Reuters.

The positive sentiment from China also lifted the Australian dollar, which is often used as a liquid proxy for the yuan.

The Aussie was last 0.3% higher at $0.6760, while the New Zealand dollar rose 0.1% to $0.6210.

Elsewhere, the euro gained 0.12% to $1.1075, after slumping to a two-week low of $1.1059 earlier in the session, on the back of a survey on Monday which showed euro zone business activity shrank much more than expected in July.

That reignited recession fears and caused the single currency to slide more than 0.5% in the previous session, as traders trimmed their expectations of future rate hikes by the European Central Bank following this week's likely 25-basis-point increase.

"The extension of the weakness in the manufacturing sector as well as services, and Germany, in particular, being a lot weaker than expected ... that's putting some question marks around the rhetoric that we should expect from the ECB on Thursday," said Rodrigo Catril, senior currency strategist at National Australia Bank.

Sterling gained 0.12% to $1.2840, while the U.S. dollar index fell 0.14% to 101.27.

Britain's flash PMI survey out on Monday showed its private sector growing at the weakest pace in six months in July, while a separate survey pointed to U.S. business activity slowing to a five-month low this month.

The Federal Reserve also meets this week and is expected to raise rates by 25 bps, with a majority of economists polled by Reuters expecting that to mark the last increase of the central bank's current tightening cycle.

"While the Fed meeting (in July) is likely to be uncontroversial in terms of the decision on interest rates, the Fed's statement and the press conference will be extremely relevant for markets," said Guillermo Felices, global investment strategist at PGIM Fixed Income.

"Incoming activity data has been stronger than expected in June and July," he said. "The Fed will have to explain what they make of the resilient U.S. economy."

In Asia, the yen remained under pressure at 141.40 per dollar, struggling to recover from its heavy losses on Friday on a Reuters report that the Bank of Japan (BOJ) is leaning towards keeping its yield control policy unchanged at this week's policy meeting.

"(BOJ) Governor Ueda has held his cards close to his chest, seemingly unpersuaded by the recent run up in Japanese prices and especially workers' wages, and he has dropped few hints about an impending YCC tweak," said Aninda Mitra, head of Asia macro and investment strategy at BNY Mellon Investment Management.

"However, we feel the time is ripe to undertake a YCC tweak... A YCC tweak is not full-scale pivot to policy tightening, but it sets the stage for reduced policy divergence. As such it would result in an abatement of pressure on the yen." - Reuters

Posted by Good123 > 2023-07-25 15:43 | Report Abuse

Oil n gas companies need picorp :)


A 3D-printed oil pump jack is placed on dollar banknotes in this illustration picture. — Reuters

OIL prices edged higher for a third straight session on Tuesday, as signs of tighter supplies and pledges by Chinese authorities to shore up the world's second-biggest economy lifted sentiment.

Brent futures gained 25 cents, or 0.3%, to $82.99 a barrel by 0633 GMT, while U.S. West Texas Intermediate (WTI) crude rose 27 cents, also 0.3%, to $79.01. Both benchmarks settled over 2% higher the previous day at their highest closing levels since April.

The crude benchmarks have already climbed for four weeks in a row with supplies expected to tighten due to cuts from the Organization of the Petroleum Exporting Countries (OPEC) and allies like Russia, a group known as OPEC+. Some analysts say it could rise further in the short term.

"Energy traders are growing confident that global central bank tightening will soon come to an end, which should provide some support for global growth," said Edward Moya, an analyst at OANDA.

In China, the world's second-largest economy and second-biggest oil consumer, leaders pledged to step up policy support for the economy amid a tortuous post-COVID recovery, focusing on boosting domestic demand.

Still, bearish data in the euro zone and United States underlined weakness across the global economy.

In the euro zone, business activity shrank much more than expected in July as demand in the bloc's dominant services industry declined while factory output fell at the fastest pace since COVID-19 first took hold, a survey showed.

In the U.S., business activity slowed to a five-month low in July, dragged down by decelerating service-sector growth, a closely watched survey showed, but falling input prices and slower hiring indicate the Federal Reserve could be making progress on important fronts in its bid to reduce inflation.

Investors have priced in quarter-point hikes from the Fed and European Central Bank (ECB) this week, so the focus will be on what Fed Chair Jerome Powell and ECB President Christine Lagarde say about future rate increases.

Later on Tuesday, industry data on U.S. crude inventories is expected. Four analysts polled by Reuters estimated on average that crude inventories fell by about 2 million barrels in the week to July 21. - Reuters

Posted by Good123 > 2023-07-25 15:44 | Report Abuse

Petronas adalah pelanggan picorp :)


JAKARTA: PETRONAS melalui anak syarikatnya, PETRONAS Masela Sdn Bhd (PETRONAS Masela) semalam menandatangani perjanjian jual beli (SPA) dengan Shell Upstream Overseas Services (I) Limited (Shell) untuk

memperoleh 15 peratus kepentingan penyertaan dalam Kontrak Perkongsian Pengeluaran Blok Masela (Masela PSC), yang terletak di perairan dalam Laut Arafura Barat, Indonesia Timur.

Pengambilalihan itu adalah hasil kerjasama bidaan bersama antara PETRONAS Masela dan rakan kongsinya, PT Pertamina Hulu Energi (PHE), apabila kedua-dua entiti akan memperoleh keseluruhan 35 peratus kepentingan penyertaan Shell dalam Masela PSC.

PHE menandatangani SPA dengan Shell untuk memperoleh 20 peratus kepentingan penyertaan. INPEX Masela Ltd (INPEX), pengendali Blok Masela, memegang baki 65 peratus kepentingan penyertaan.

Presiden dan Ketua Pegawai Eksekutif (CEO) Kumpulan PETRONAS, Tan Sri Tengku Muhammad Taufik Tengku Aziz, berkata pemerolehan itu menandakan peristiwa penting dalam pengembangan portfolio PETRONAS di Indonesia.

Katanya, PETRONAS teruja untuk menyertai Blok Masela yang juga salah satu projek strategik utama di Indonesia.

"Penyertaan kami menggariskan komitmen dalam menyokong sasaran pengeluaran Indonesia untuk mencapai siejuta tong minyak sehari dan 12 bilion kaki padu standard sehari gas menjelang 2030.

"Projek ini juga memberi peluang kepada PETRONAS untuk menyumbang kepakaran teknikal kami dalam pembangunan dan pengewangan blok itu, dan akan mengukuhkan lagi portfolio LNG global kami ke arah memenuhi permintaan yang semakin meningkat untuk tenaga rendah karbon dari Indonesia dan seluruh rantau.

"Kami berharap dapat bekerjasama rapat dengan rakan kongsi kami PHE, INPEX dan SKK Migas ke arah membuka potensi penuh aset ini, sambil mengekalkan tumpuan kukuh kami terhadap penjagaan alam sekitar dan pengayaan masyarakat setempat," katanya dalam satu kenyataan.

Majlis memeterai SPA itu diadakan semasa Pameran & Konvensyen Persatuan Petroleum Indonesia (IPA) ke-47 di Tangerang, hari ini.

PETRONAS diwakili Tengku Muhammad Taufik serta Naib Presiden Eksekutif dan Ketua Pegawai Eksekutif Huluan, Datuk Adif Zulkifli manakala Shell diwakili oleh Pengarah Kewangan bagi Pengambilalihan, Pelupusan dan NBD Asia, Soo Kuo Tong.

PETRONAS ketika ini adalah rakan kongsi usaha sama di enam PSC terletak di pesisir dan luar pesisir Sumatera, Laut Natuna, Jawa Barat dan Indonesia Timur serta menjadi operator bagi PSC Ketapang, PSC Ketapang Utara dan PSC Madura Utara II, terletak di luar pesisir Jawa Timur.

Posted by Good123 > 2023-07-25 15:44 | Report Abuse

More works for picorp.


JAKARTA: Petroliam Nasional Bhd’s (Petronas) subsidiary Petronas Masela Sdn Bhd has inked a sale and purchase agreement (SPA) with Shell Upstream Overseas Services (I) Ltd to acquire a 15 per cent participating interest in the production sharing contract of the Masela Block (Masela PSC) in Indonesia.

The acquisition was part of a joint bidding between Petronas Masela and its Indonesian partner, PT Pertamina Hulu Energi (PHE), in which both entities would acquire Shell’s entire 35 per cent participating interest in the Masela PSC, it said in a statement.

Both parties had signed the SPA pertaining to the Masela PSC which is located in the deep waters of the west Arafura Sea, Eastern Indonesia today.

Petronas said that PHE would take up 20 per cent participating interest, while the operator of the Masela Block Inpex Masela Ltd would hold the remaining 65 per cent share.

"The transaction is currently pending completion subject to regulatory approval and fulfilment of conditions precedent,” it said.

The signing of the agreement was held during the 47th Indonesian Petroleum Association Convention and Exhibition here.

Petronas was represented by its president and group chief executive officer Tan Sri Tengku Muhammad Taufik and its executive vice president and chief executive officer of upstream Datuk Adif Zulkifli, while Shell was represented by its director of finance for acquisition, divestment and NBD Asia Soo Kuo Tong.

"Our participation underscores the commitment to supporting Indonesia’s production target to achieve one million barrels of oil per day and 12 billion standard cubic feet per day of gas by 2030,” said Tengku Muhammad Taufik.

Petronas said the project would also allow the group to contribute its technical expertise and strengthen its global liquefied natural gas portfolio to meet the growing demand for lower-carbon energy from Indonesia and across the region.

The global energy group is presently a joint venture partner in six PSCs located both onshore and offshore in Sumatra, the Natuna Sea, East Java, as well as in East Indonesia.

It is also the operator of the Ketapang PSC, North Ketapang PSC and North Madura II PSC, located offshore in East Java. - Bernama

Posted by Good123 > 2023-07-25 15:46 | Report Abuse

Awang Adek also said Malaysia must also increase its environmental, social and corporate governance (ESG) products and sustainability financing to attract investors that prioritise ESG.

Although Malaysia is ahead of many regional peers in terms of sustainability disclosures by private limited companies, he said it is now time to work seriously towards adopting the International Sustainability Standards Board (ISSB) standards, which are expected to be effective next year.

"Given the active development of renewable energy domestically and the introduction of a carbon market by Bursa Malaysia, we should aspire to be a regional leader in ESG products and ESG-related services,” he said.

He added that pushing for stronger growth in the private market should also be a priority, as its growth through venture capital, private equity, equity crowdfunding and peer-to-peer financing has been phenomenal.

"This must continue to be encouraged to assist small and medium enterprises' access to suitable financing for growth and expansion," he said.

Meanwhile, Awang Adek said the SC's newly-launched capital market graduate programme, InvestED could help bridge the gap between demand and supply, ensuring a more future-ready workforce that could contribute to growth and stability.

He noted that collaboration between key stakeholders would be crucial to solving capital market challenges.

"The ICMR can take the lead to 'intermediate' and build stronger research links with universities, thus it is encouraging that the ICMR ran a Call for Papers initiative, focused on identifying capital market opportunities in Malaysia and in the region," he added. - Bernama

Posted by Good123 > 2023-07-25 15:47 | Report Abuse

KUALA LUMPUR: MIDF Research anticipates that the government will cut retail fuel prices, particularly the RON95 and diesel, to ensure price stability and ease living cost pressure in Malaysia.

If the government cuts the RON95 price by 10 sen to RM1.95 per litre next month, Malaysia’s headline inflation is likely to ease to 2.9 per cent for 2023 as non-food inflation moderates further towards 1.3 per cent, while transport price experiences deeper contraction of -1.7 per cent, it said in a note today.

By year-end, the 10 sen cut will bring the monthly headline inflation rate lower to +1.9 per cent year-on-year (y-o-y), it said, adding that this also means that the government would have an additional RM4.31 billion in fiscal expenditure, which can be utilised for other objectives.

"On top of that, the government will have even better fiscal space, given that fiscal debt-to-gross domestic product (GDP) ratio has fallen to 59.3 per cent in the first quarter of 2023, and including contingent liabilities, the latest figure is 76.1 per cent,” MIDF Research said.

According to the consumer price index (CPI) weightage, transport cost is the third largest burden after food as well as housing and utilities.

"Considering the continuous elevated food inflation and downward income pressure, we anticipate the government to opt for slashing retail fuel prices, particularly RON95 and diesel in the near term.

"Structurally, being a net food importer and aggravated by depreciated ringgit, it will be hard for the government to contain food inflation,” the research house said.

During the first half of this year (1H 2023), the Brent crude oil price averaged at US$79.2 (US$1=RM4.57) per barrel, slightly lower than government’s estimate of US$80 per barrel.

As such, MIDF Research estimated the non-subsidised market price for RON95 to be RM3.10 per litre.

In 2022, the RON95 price differential against market price widened to RM1.86 per litre.

"Thanks to normalising global oil price, the fuel price differential is estimated to be much lower at RM1.05 per litre this year. With the lower price differential, we believe the total subsidy expenditure will be lower than last year.

"From 2011 to 2013, the RON95 price differential was more than RM2.00 per litre as the global oil price hovered above US$100 per barrel, while the retail price of RON95 was kept at RM1.90-1.95 per litre,” it said.

In the 1H 2023, food prices surged by 6.2 per cent y-o-y (2022: 5.9 per cent), while non-food prices increased by 1.7 per cent y-o-y (2022: 2.2 per cent).

"We believe that the continuous depreciation of the ringgit is among the contributing factors to the high food inflation in Malaysia.

"Moreover, the elevated food inflation indicates that food prices are stickier (on the upside) amid robust domestic spending,” said MIDF Research.

Meanwhile, CGS-CIMB said the recent dismantling of the Black Sea grain corridor -- where the agreement to allow exports of food and fertiliser from both Ukraine and Russia to the global market has not been renewed -- may have an adverse effect on food inflation, leading to higher price volatility.

Although the spike in global commodity prices is still well below the recent historical peak reached in 2022, this warrants close monitoring, it said.

Back home, it said government intervention in items such as chicken price and electricity should contain inflation in the near term.

"The government has decided to continue subsidising chicken and eggs in 2H 2023, and electricity tariffs for domestic users were also extended in 2H3, easing the risk of domestic-driven inflation.

"As such, we maintain our CPI forecast at 2.8 per cent y-o-y in 2023,” it said.

Malaysia’s CPI registered a slower growth rate of 2.4 per cent y-o-y in June (+2.8 per cent in May), marking the lowest level observed since April 2022, and in line with market projections.

The core inflation rate, which excludes volatile and administered price items, increased at a slower rate of +3.1 per cent y-o-y in June (+3.5 per cent in May). - Bernama

Posted by Good123 > 2023-07-25 15:50 | Report Abuse

SINGAPORE: Asian shares jumped and the yuan rose on Tuesday as investors cheered China's pledge to step up support for its sputtering economy, with the heaviest buying in Hong Kong's beaten-down property sector while the dollar dipped against key rivals.

MSCI's broadest index of Asia-Pacific shares outside Japan snapped a six-day losing streak with a 1.5% gain. Japan's Nikkei fell 0.4%.

In China, the Shanghai Composite Index rose 1.9% and the Hang Seng leapt 3% with property stocks that had been diving on debt repayment worries bouncing back.

Country Garden jumped 14% and was the top-traded stock in Hong Kong while its onshore-traded debt recovered to slightly less distressed levels. Shares in its services arm and rival Longfor rose by more than 20%.

China's top leaders pledged on Monday to step up help for the economy amid a tortuous post-COVID recovery and signalled there would be more to come for the property industry.

"Perhaps the biggest move was the pledge to 'adjust and optimise property policies,' which opens the door for further property easing," said Citi analysts.

"The Chinese economy could muddle through the second half amid such a policy setting."

An index of mainland developers jumped 11% on Tuesday and was headed for its best day in eight months.

In the currency market, the Chinese yuan strengthened about 0.5% to 7.1526 per dollar, helped by state banks selling dollars onshore and offshore early in Asia.

The move set the tone across other pairs and the dollar index, which measures the U.S. currency against six major rivals, eased 0.1% to 101.31.

The China-sensitive Australian dollar rose 0.4% to $0.6767. The kiwi added 0.2% to $0.6215.

A big session of earnings lies ahead, along with the release of the euro zone bank lending survey on Tuesday before the Federal Reserve takes centre stage on Wednesday.

Unilever, LVMH and EssilorLuxottica report in London and Paris.

Microsoft, Google parent Alphabet, Visa , General Electric, chipmaker Texas Instruments are among the heavyweights in the U.S.

Markets anticipate 25-basis-point rate hikes from both the Fed and the European Central Bank this week but beyond that pricing diverges from policymakers' rhetoric, meaning a great deal of focus will fall on their tone and outlook.

The euro scraped off a two-week low hit overnight after a survey showed European business activity shrank much more than expected in July, reigniting recession worries. It last bought $1.1070.

The Japanese yen added 0.07% to 141.39 per dollar and investors seem in two minds over whether the Bank of Japan, which sets policy on Friday, might tweak its stance on pinning government bond yields near zero.

In the energy market, U.S. crude rose 0.3% to $78.98 per barrel and Brent was at $82.96, also up 0.3% on the day.

Spot gold added 0.3% to $1,961 an ounce.

U.S. wheat futures hit a five-month high on Tuesday, stretching gains following Russia's attacks on Ukrainian ports and grain infrastructure that sparked concerns about long-term global supplies and food security. - Reuters

Posted by Good123 > 2023-07-25 15:53 | Report Abuse

KUALA LUMPUR: Bursa Malaysia's rally picked up over the morning session as regional sentiment jumped on Beijing's promises to prop up its slowing economy.

At 12.30pm, the benchmark FBM KLCI was up 9.76 to 1,434.45. There were 486 gainers to 334 decliners as the overall market was bolstered by the improved sentiment.

Trading volume was 2.32 billion shares valued at RM1.12bil.

China yuan's strengthened by 0.5% to 7.1513 against the US dollar following news of the government's support while Malaysia's ringgit tracked the gains by 0.1% to 4.5635 against the greenback.

On Bursa Malaysia, bank counters led the rally with Maybank up six sen to RM8.98, Public Bank gaining five sne to RM4.03, CIMB rising eight sen to RM5.43 and Hong Leong Bank climbing 26 sen to RM19.20.

Commodities plays were also on the climb as PETRONAS Chemicals added 13 sne to RM6.63 and Press Metal jumped nine sen to RM4.90.

In plantations, Kuala Lumpur Kepong rose 18 sen to RM23.50, Sime Darby Plantation added two sen to RM4.59 and IOI gained seven sen to RM4.14.

Among top actives on the market, Classita was down 2.5 sen to 12.5 sen, MYMBN rose 6.5 sen to 27.5 sen and Hong Seng gained 0.5 sen to nine sen.

China's main index rose 1.9% to 3,223 on Beijing stimulus plans while Hong Kong's Haang Seng climbed 3.2% to 19,258.

Japan's Nikkei however fell 0.4% to 32,562 and South Korea's Kospi rose 0.15% to 2,632.

Posted by Good123 > 2023-07-25 16:05 | Report Abuse

Once the 10sen threshold dah pecah, fly like crazy :)

Posted by Good123 > 2023-07-25 16:16 | Report Abuse

https://uk.investing.com/news/economy/asia-shares-rally-after-china-pledges-economic-support-steps-3094079

Posted by Good123 > 2023-07-25 16:16 | Report Abuse

https://uk.investing.com/news/stock-market-news/chinese-property-stocks-rally-on-stimulus-promises-3094175

Posted by Good123 > 2023-07-26 11:49 | Report Abuse

Infrastructure projects tak terhingga, semua perlukan serves picorp. +++ ya!

Posted by Good123 > 2023-07-26 15:16 | Report Abuse

Lepas prn, Big jump, umum dapat projek baru lagi 1 lompatan. Sabar ya

Posted by Good123 > 2023-07-26 15:17 | Report Abuse

10-20sen by year-end , enjoy the ride