Ya, IJM offer is still on paper, nothing have been conclude yet. WIth more and more bad news revealed, IJM may abort the deal. By that time, PESTECH will sink to 10 sen level
It is surprising despite the termination of the MAHB contract, i was expecting the share price to drop at least 10-15% but yet there is buying support. It is intense. Maybe i am wrong. I wonder if there is fund managers support. I doubt if retailers would jump in knowing the history of this stock. Your thoughts??
The airport train project is lost and recovered? It is rumored that Pestech is looking for Ipoh engineering help (Kuala Lumpur, 25th) According to rumors, Pestech International (Pestech, 5219, motherboard industrial product service group), which was canceled at the airport train contract), will suggest that the major shareholder Ipoh Engineering (IJM, 3336, Main Board Construction Group) will form a joint venture to promote This project strives to complete 3 months in advance to fight for the project restart. The "Star" quoted people familiar with the matter and said that the senior management of Ipoh Engineering and Pestech International has met with the management of the Malaysian Airport (5014, Main Board Transportation Logistics Group), and proposes a proposal for the airport train project worth RM743 million. Pestech International has obtained the airport train project through the wholly -owned subsidiary Pestech Technology Personal Co., Ltd.. According to the above proposal, Pestech International recommends transferring 50%of Pestech Technology to the joint venture company, and changed from the Ipoh engineering leading airport train project to ensure Can be completed as scheduled. The original proposal of the airport train project was March 2025. The person said: "The airport trains have been fully closed. If this advantage is used well, the new project will be completed in December 2024, which will be compared to the original date. Completed 3 months in advance. "It is reported that Ipoh Engineering and Pestech International guaranteed to Malaysia Airport at the conference that because the airport train project has completed about 40%of the project, it is only about two months. "Upper" progress. Lin Peichuan, director of Pestech International, told the Star that after the airport train project was canceled, the company and Ipoh's engineering had indeed made new proposals to Malaysian airport management, but he refused to disclose more details. On August 16, Pestech International received a notice from Malaysia Airport to terminate the airport train project. According to rumors, Malaysia Airport is considering launching restricted bidding activities, and only allows other companies such as MMC institutions (MMCCORP) to participate in the progress of airport train projects.
I believe this company will be interrupt by continuous impairment for coming few quarter. this will causing management team lost focus on project delivery and possible impact other healthy project's progress.
Pestech International Bhd’s unit Pestech Sdn Bhd (PSB) has received a RM21.17 million contract from Tenaga Nasional Bhd (TNB) for the supply and delivery of smart meters in line with TNB’s advanced metering infrastructure implementation. The group said PSB will implement the project together with its other unit, Pestech Energy Sdn Bhd, which is spearheading the smart metering infrastructure business of the group.
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....
speakup
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Posted by speakup > 2023-08-17 12:00 | Report Abuse
Ijm lost a lot money in Scomi
Now will Ijm lose a lot money in Pestech?