Good 123. Pls have a rest. I seen u had been promoting hard on this counter since the month of Oct. U wanted to trap newbie to invest and get trap like U? Pls la...
DEVELOPMENT, CIVIL ENGINEERING & CONSTRUCTION SERVICES We provide construction services with the intention to exceed our clients’ expectations for quality, timely and safely.
M & E ENGINEERING SERVICE Our core business offers an integrated solution in M&E engineering that ensures our presence from the inception of a project to its completion.
TRADING The year 1998 marks PSB as the agent of distribution and power transformers for Tusco Trafo Co Ltd, Thailand. We also extend our trading division into coal and sand trading.
ENERGY DIVISION We own a mini hydro plant at Sungai Rek, Kuala Krai, Kelantan
The Group shall be effectively entitled to the whole estimated gross development profit of RM81.0 million (being the difference between the gross development value of RM338.0 million and gross development cost of approximately RM257.0 million) from the Yayasan Project. In this respect, all the Yayasan Entitlements had been included in the gross development cost. For more information on the Yayasan Project, kindly refer to the Company’s circular to shareholders dated 20 July 2018 as well as the abridged prospectus dated 21 June 2021. The Group has obtained the development order from DBKL on 8 December 2020. As at the LPD, the Group has commenced the design works on the Yayasan Project and is in the midst of preparing a building plan for submission to DBKL. The Group expects to submit the said building plan by first quarter of 2022 and expect to obtain approval from DBKL in the same quarter. Further, the Group is also required to obtain the developer’s license and advertising permit from the Ministry of Housing and Local Government and target to obtain the said license / permit by second quarter of 2022. Notwithstanding this, the Group will commence construction for the Yayasan Project upon obtaining the building plan. The development is expected to be completed by the fourth quarter of 2023. The Yayasan Project will be funded by the 2020 Private Placement, 2021 Rights Issue with Warrants, progressive sales billings to be received, the Group’s existing cash and bank balances, bank borrowings and/or future fund-raising exercises to be undertaken (if required). The exact source of funding cannot be determined at this juncture as it will depend on the collection of progressive sales billings and the amount of funding available to the Group at the relevant point in time. (ii) In On 12 September 2017, the Group completed the acquisition of 100% equity interest in I.S. Energy Sdn Bhd (“ISE”) ISE for a purchase consideration of RM14.3 million. ISE is principally involved in developing, maintaining and operating mini hydro plants and distribution of electricity. In March 2012, ISE secured a 21-year concession from the Sustainable Energy Development Authority of Malaysia under its Feed-in Tariff programme to provide electricity from ISE’s mini hydropower plant at Sungai Rek, Kuala Krai, Kelantan with a declared annual availability of 2.8 megawatts and installed capacity of 3.2 megawatts. Subsequently, in November 2012, ISE entered into a renewable energy power purchase agreement with Tenaga Nasional Berhad (“TNB”) for the sale of electricity to TNB for the said 21-year concession period, which has commenced on 1 July 2012. As at the LPD, the acquisition of ISE provides the Group with a consistent stream of income via the sale of electricity generated from ISE’s mini hydropower plant. 7 (iv) As detailed in Section 5.5 of the Initial Announcement, the Group ventured into the Sand Mining Business through a River Sand Extraction Cum Main Operator Agreement with BB Energy Sdn Bhd in on 22 September 2020. The contractual term of the agreement is for 12 months with an option to extend for a further 12 months. The ongoing COVID-19 pandemic has delayed the commencement of operations of the Sand Mining Business. In this respect, the Group has sought and received an extension of time from BB Energy Sdn Bhd for a period of 12 months until 31 December 2022. The Sand Mining Business is expected to commence operation in the first quarter of 2022. The Group is actively pursuing potential sand buyers and has been in touch with 8 potential buyers at this juncture. The Group expects to supply a minimum of 2.5 million cubic meters of river sand per year to potential buyers from China and Hong Kong based on the preliminary discussions between both parties. The operations of the Sand Mining Business is anticipated to provide the Group with additional stream of revenue moving forward. (v) On 2 February 2021, the Group secured a contract from AT Glove Engineering Sdn Bhd to design and build a 4-storey office building located at Hulu Kinta, Perak with a contract value of approximately RM2.7 million. The Group commenced construction on 3 February 2021. As at the LPD, this project is ongoing with approximately 90% of construction works completed and is expected to be completed by the first quarter of 2022. (vi) On 27 January 2021, the Group accepted a letter of award from Fintec Glove Sdn Bhd to act as the main engineering, procurement and construction contractor to design, build and deliver a turnkey glove-manufacturing factory with a contract value of RM46.2 million. Subsequently, on 28 June 2021, the Group entered into an engineering, procurement and construction a formal agreement was entered into between the Group and with Fintec Glove Sdn Bhd. to design, build and deliver a turnkey glovemanufacturing factory with a contract value RM46.2 million.
Seems attractive the price of 0.025 but for those who gone through this nightmare period last year, they will think twice whether this is really attractive or not since the stock lost 1/10 of the value already which make this possible to be even going down to 0.02-0.01.......
Yayasan comprises a 32-storey serviced apartment block with 224 units, built-up ranging from 640 sq ft to 4,400 sq ft, an eight-storey podium with two floors of a commercial centre (net floor area of about 12,000 sq ft), and 607 car park lots.
It also consists of nine-storey offices (net floor area of about 93,000 sq ft), with facilities that include a multi-purpose hall, kindergarten, gymnasium, workers' recreational space, and medical treatment room.
According to the filing, Yayasan has an estimated gross development value of RM338 million.
Pasukhas said the project is targeted to be completed by the fourth quarter of 2023.
net assets per share 40sen. PP at 3sen (andaian bagi PP price)
(80% x 40sen) + (20% x 3sen) = 32.6sen.
Net asset per share = 32.6sen after PP if PP was set low at 3 sen...
Harga semasa pasukhas terlalu undervalued.. berbaloi walaupun jika PP dilakukan...
Just grab.... usah lokek, bagi PP takers sedikit rezeki kerana mereka dah berusaha dengan bermati-matian untuk mendapatkan semua projek yang berada dalam pasukhas kini
Good company laa... dont worry.. i did not enter last time just to wait for price fixing like this range... Now looks interesting.. Hope no consolidation..
Announced Date Change Type Shares Name 14 Oct 2021 13 Oct 2021 Acquired 30,000,000 JOE HOLDING BERHAD (FORMERLY KNOWN AS GPA HOLDINGS BERHAD) 14 Oct 2021 13 Oct 2021 Acquired 30,000,000 GP AUTOBAT SDN. BHD. 12 Oct 2021 11 Oct 2021 Acquired 16,000,000 JOE HOLDING BERHAD (FORMERLY KNOWN AS GPA HOLDINGS BERHAD) 12 Oct 2021 08 Oct 2021 Acquired 18,000,000 GP AUTOBAT SDN. BHD. 12 Oct 2021 11 Oct 2021 Acquired 16,000,000 GP AUTOBAT SDN. BHD.
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....
Good123
26,432 posts
Posted by Good123 > 2021-12-16 15:08 | Report Abuse
Amboi buy rate dah 73%