Transition to endemicity, election play to buoy KLCI in 2022 - analysts. Bursa Malaysia is projected to end the year at between 1,622 and 1,745 points, supported by ample liquidity, the reopening of international borders as well as the possibility of a general election, according to analysts. Hong Leong Investment Bank (HLIB) Research raised its FBM KLCI target to 1,680 points from 1,600, valuing the bellwether index at 16.2 times price-earnings ratio (PER) based on 2022 earnings per share (EPS). ‘We forecast KLCI earnings growth of -0.6%/+7.3% for calendar year 2022 (CY22)/23. With [border] reopening and [the country heading for] endemicity, Malaysia’s relative appeal amid the geopolitical conflict and a possible 'election rally' on the horizon, we turn PHILLIP RESEARCH SDN BHD Page 3 of 8 199001007125 (198695-X) more upbeat on the market,’ said HLIB analysts Jeremy Goh and Felicia Ling in an economics and strategy note dated March 30. (Source: TheEdgeMarkets)
Semoga tiada Wang pasukhas mengalir masuk Akaun para pengarah untuk membeli syer esos pasukhas tak terhingga haha
KUALA LUMPUR (April 7): Prosecution witness Tan Sri Ismee Ismail, former director of 1Malaysia Development Bhd (1MDB), told the court that RM2.28 billion from 1MDB transactions had entered the personal accounts of former prime minister Datuk Seri Najib Razak.
Prosecutor for the 1MDB-Tanore trial, Datuk Seri Gopal Sri Ram, walked Ismee through various 1MDB transactions in his re-examination of the witness on Thursday morning, showing him that Najib, on several occasions, had money funnelled out of 1MDB and into his personal accounts.
Referring to a chart, Sri Ram showed the witness transactions of a joint venture between 1MDB and PetroSaudi Ltd in 2009, in which 1MDB had agreed to inject US$1 billion cash, while PSI was to inject US$1.5 billion worth of oilfield-related assets.
Out of the US$1 billion, US$700 million was transferred to Good Star Ltd — a company linked to fugitive businessman Low Taek Jho — instead of the joint venture company.
Sri Ram showed the witness that from the US$700 million, Najib received US$20 million via his personal accounts in two tranches of US$10 million each — one tranche was received via his personal AmBank account with number ending "694" on Feb 24, 2011 and the second tranche was received by Najib on June 14, 2011.
The US$20 million amounted to an equivalent of RM60 million.
It should be noted that the US$1 billion raised by 1MDB was in the form of RM5 billion Islamic medium term notes (IMTN), which were led by AmInvestment Bank Bhd.
Sri Ram: Part of the US$700 million went into Najib's account, so to the suggestion which was put to you that he did not receive any benefit from this IMTN, would you now like to review your answer?
Ismee: These documents were not shown to me during the cross-examination. From what I see here, I can see the flow of money which went into the accused's (Najib) account.
Sri Ram also asked Ismee if Najib had also benefitted from "Phase 4" of the 1MDB-Tanore case which revolved around a 1MDB Deutsche Bank loan, RM50 million of which ended up in a bank account with number ending "880" belonging to Najib. Deutsche Bank's US$1.225 billion loan was made up of a US$250 million bridging loan and a facility loan of US$975 million.
Ismee was shown charts of the money which went through several entities and then trickled into Najib's accounts.
Sri Ram: Having looked at these charts, would you like to review your answer that the accused (Najib) did not benefit from these?
Ismee: From the chart I can see that the funds went into the account.
Sri Ram: Funds from 1MDB?
Ismee: Yes, correct, from Deutsche Bank.
Sri Ram then walked Ismee through the acquisitions of two independent power producers, namely Tanjong Energy Holdings Sdn Bhd and Mastika Lagenda Sdn Bhd.
From Sri Ram's opening statement at the beginning of the trial, Mastika owned 75% shares in Genting Sanyen Sdn Bhd. To make the purchase, 1MDB acted through its subsidiaries 1MDB Energy Holdings Ltd, 1MDB Energy Ltd and 1MDB Energy (Langat) Ltd (all Labuan companies) as well as Malaysian registered companies, namely 1MDB Energy Sdn Bhd and 1MDB Energy (Langat). These companies were used to raise funds for both acquisitions.
A local bridging loan of RM6.17 billion was raised for the acquisition of Tanjong Energy. An additional sum of US$1.75 billion was raised through the issue of 10 year structured loan notes.
Of the US$1.75 billion, US$786 million went to Tanjong Energy. Of the balance, a sum of US$907 million was paid into the account of 1MDB Energy Ltd with Falcon Bank in Hong Kong. Of this sum, approximately US$577 million in round figures went to Aabar Investments PJS Ltd (BVI), now known as the fake Aabar.
On May 22, 2012, US$295 million was paid by Aabar to a company called Blackstone Asia. Blackstone is a company controlled by Jho Low through his associate Tan Kim Loong, also known as Eric Tan.
For the Mastika acquisition, the alleged purchase price was RM2.75 billion. The money for this came from two sources. First, there were another 10 year structured loan notes of US$1.75 billion. The second was a local loan of RM700 million. The total loan raised from these two sources was about RM6.16 billion.
From this, on Oct 30, 2012, a sum of US$5 million was paid into Najib's AmPrivate Bank account. Then, on Nov 19, a sum of US$25 million was paid into Najib's account.
He also walked Ismee through another joint venture with 1MDB and Aabar in equal shares. The joint venture company was called ADMIC.
'Najib and Jho Low had a close relationship' During the start of re-examination on Ismee, Sri Ram queried him on Najib and Jho Low's relationship during his tenure as director of 1MDB.
You try to post this in fb, newspaper, you sure gone case for simply saying a GLC will take over pasukhas, this is a very serious misleading news.....can be said trying to create false impression.....
BI kamu sangat lemah, Pergi baca semula. Komenmu Sungguh melucukan!!!
@ken2004
You try to post this in fb, newspaper, you sure gone case for simply saying a GLC will take over pasukhas, this is a very serious misleading news.....can be said trying to create false impression.....
1 hour ago
ken2004
To be exact, you are creating baseless rumors' to prop up the company..........
Yes, obviously you can continue with all this nonsense here since nobody really bother, if you to write out in open about all this baseless rumor's about take over especially saying GLC, you will see what will happen.....
KUALA LUMPUR: The High Court has today ordered former Patimas Computers Bhd deputy chairman Datuk Raymond Yap Wee Hin to pay RM3.28 million to the Securities Commission (SC) for insider trading.
The court ruled that the SC had proven its claim in a civil suit against Yap for insider trading.
In addition, Yap was also ordered to pay the SC a civil penalty of RM1 million and barred from being a director of any public listed company for five years starting April 7, 2022.
The SC said it was also awarded costs of RM100,000.
In a suit filed in 2020, the SC claimed that Yap had breached section 188(2)(a) and (b) of the Capital Markets and Services Act 2007 (CMSA) when he disposed a total of 43.82 million Patimas shares held by Law Siew Ngoh, the former managing director of Patimas, from June to July 2012.
The SC said Yap committed this breach while in possession of material, non-public information relating to audit queries and issues regarding the suspicious transactions between Patimas and its top debtors.
The matter was raised and discussed by Ernst & Young (EY) Malaysia, Patimas' external auditor, during a meeting with the company's management.
The board of directors of Patimas subsequently on July 31, 2012 announced to Bursa Malaysia that Patimas would not be able to issue the annual audited financial statements by July 31, 2012 for the financial period from January 1, 2011 to March 31, 2012 due to unresolved significant audit findings and queries.
Sudah ambil ~400-500 juta syer esos cukuplah!!! Dana untuk pru15 ataupun tujuan lain dah tercapai , syabas dato pengarah2 :)
BOARD OF DIRECTORS Mejar Dato’ Ismail Bin Ahmad Independent Non-Executive Chairman Wan Thean Hoe Executive Director cum Chief Executive Officer Mak Siew Wei Executive Director Tang Boon Koon Executive Director Dato’ Nik Ismail Bin Dato’ Nik Yusoff Independent Non-Executive Director Yap Chee Keong Independent Non-Executive Director Teoh Kim Hooi Independent Non-Executive Director
Korang bukan lawan mereka. Ikut /iring je jika berani :)
Mejar Dato' Ismail served in the Malaysian Army for 17 years and attended courses both local and overseas. In 1983, he joined Perwira Niaga Malaysia (Pernama), a wholly-owned subsidiary of LTAT, a wholesale and international trading company. His last position in Pernama was Deputy General Manager before he left in 1999. He was the CEO of Odasaja Sdn. Bhd. in its formative year and later became the Group Executive Director of the same. He left Odasaja Sdn. Bhd. in December 2002. Since then he has been actively contributing his knowledge and experience to various companies involved in general trading, building and construction, including defence and security projects.
We refer to JOE’s announcement dated 21 July 2021 (“Announcement”) in relation to the
subscription of 249,720,000 Rights Shares together with 145,670,000 Free Warrants in Pasukhas Group Berhad (“PASUKGB”) by GP Autobat Sdn Bhd (“GP Autobat”), a wholly-owned subsidiary of the Company, and query from Bursa Malaysia Securities Berhad (“Bursa Securities”) vide its letter dated 22 July 2021 in relation to the same (“Bursa Queries”). The Company wishes to announce the following as required by Bursa Securities:- 1. The total cost to subscribe for the 249,720,00 rights shares in PASUKGB (including the acquisition cost of the rights to subscribe for the rights shares) and the updated highest percentage ratio. On 30 June 2021, GP Autobat has acquired 120,000 PASUKGB’s Ordinary Rights for a cash consideration of RM12,000.00. With 120,000 rights shares together with the application of excess rights shares of 249,600,000 at RM0.10 each, the company had successfully subscribed 249,720,000 Rights Shares together with 145,670,000 Free Warrants for a total cash consideration of RM 24,972,000.00. The total cost to subscribe for the 249,720,000 rights shares is RM24,984,000. The highest percentage ratio for the Acquisition is 23.72% based on the latest audited financial statements for the financial year ended 31 March 2020. 2. Other than the synergies with regard to the construction of the gloves factories, to provide further justification to subscribe for the rights shares in PASUKGB taking into consideration that the principal business activities of PASUKGB and JOE are not similar. JOE is of the view that PASUKGB which is in the midst of turning itself into a full-fledged turnkey contractor cum EPC contractor in glove factory may yield additional business synergies to JOE in terms of providing solutions in reconstruction/remodification of JOE's existing idle factories into other commercial usage (to modify to suit other users for potential leasing out) for future income generation. 3. Whether the subscription tantamount to diversification in operations of the Company pursuant to Paragraph 10.13 of the Main Market Listing Requirements, together with the basis thereof. JOE is of the view that the subscription is not tantamount to a change in business diversification in operations based on the followings:- (i) It is not resulted in the diversion of 25% or more of the net assets of the Company to an operation which differs widely from those operations previously carried on by the Company as the percentage of this measure is 23.72%; (ii) It is not resulted in the contribution of 25% or more of the net profits of the Company; (iii) JOE Group will continue to focus the existing battery business as well as the glove business and has no intention to venture into turnkey or EPC contracting as in the case of PASUKGB. The subscription at best may be considered a potential business tie up in the future;
(iv) PASUKGB is considered as an investment from JOE's perspective as JOE does not control PASUKGB's management and operations, and as such JOE has no intention to consolidate PASUKGB's operations/results into JOE's Group moving forward. 4. The Company undertook a series of fund-raising exercises in 2020 and 2021 (two private placements in 2020 and 2021 respectively and rights issue in 2021) to raise funds for its gloves business. In this regard, to provide detailed justification to subscribe for the rights shares in PASUKGB which is funded from internally generated funds while the Company needs to undertake various fund-raising exercises to fund its existing gloves business. JOE is of the view that the various fund-raising exercises done in 2020 and 2021 were important as it is diversifying into glove production which is considered new and may be relatively riskier as compared to JOE's current business. As such, JOE would need to raise additional capital to cushion any uncertainties in entering a new business rather than using its existing capital which should be preserved for existing business or opportune investments. 5. Future plans of the Group on PASUKGB given the substantial shareholdings of 21.58% in PASUKGB. JOE will view the investment in PASUKGB as investment and may explore some strategic business tie ups if opportunities prevail. JOE is looking forward that PASUKGB will be providing its solutions in reconstruction/remodification of JOE's existing idle factories into other commercial usage for future income generation in near future plan. This announcement is dated 26 July 2021.
Ya mejar, Kami percaya Dan iringmu. Dapatkan Lebih banyak projek untuk Kami, Roger!!!!
Mejar Dato' Ismail served in the Malaysian Army for 17 years and attended courses both local and overseas. In 1983, he joined Perwira Niaga Malaysia (Pernama), a wholly-owned subsidiary of LTAT, a wholesale and international trading company. His last position in Pernama was Deputy General Manager before he left in 1999. He was the CEO of Odasaja Sdn. Bhd. in its formative year and later became the Group Executive Director of the same. He left Odasaja Sdn. Bhd. in December 2002. Since then he has been actively contributing his knowledge and experience to various companies involved in general trading, building and construction, including defence and security projects.
PASUKHAS GROUP BRIEF-Pasukhas Signs MoU For Waste Treatment Plant & Energy Works Sept 9 (Reuters) - Pasukhas Group Bhd PASU.KL : * SIGNED MOU FOR WASTE TREATMENT PLANT AND ENERGY WORKS WITH PERBADANAN KETUA MENTERI MELAKA AND PROTO THREE SIXTY
Source text for Eikon: ID:nKLSVL88n Further company coverage: PASU.KL
((Reuters.Briefs@thomsonreuters.com;)) CONSTRUCTION & ENGINEERING, INDUSTRIALS, ASEAN COUNTRIES
PASUKHAS GROUP BERHAD Registration No.: 200501009342 (686389-A) FOR THE FORTH (4TH) QUARTER ENDED 31ST DECEMBER 2021 UNAUDITED AS AT END OF AUDITED CURRENT QUARTER AS AT 31 Dec 2021 31 Dec 2020 RM'000 RM'000 ASSETS NON-CURRENT ASSETS Plant and equipment 25,045 25,476 Investment properties 5,559 8,701 Right-of-use assets 1,321 1,248 Deferred tax assets 1,655 1,655 Other investments 54 54 33,634 37,134 CURRENT ASSETS Inventories - 406 Contract assets 22,827 6,928 Trade receivables 14,072 20,023 Other receivables, deposits and prepayments 60,404 32,570 Current tax assets 238 248 Marketable Securities 18,507 - Fixed deposits with licensed banks 4,162 2,429 Money market instruments 60,063 8,013 Cash and bank balances 10,377 7,423 190,650 78,040 224,284 115,174 Share capital 212,914 117,501 Reserves 35,067 4,129 Merger deficit (10,500) (10,500) Fair value reserve 17 17 Foreign exchange translation reserve (1) (1) Accumulated lossess (72,476) (54,922) 165,021 56,224 (324) 1,799 164,697 58,023 Lease liabilities 1,033 693 Islamic medium term notes 12,472 13,771 Deferred tax liabilities 474 1,081 13,979 15,545 CURRENT LIABILITIES Trade payables 18,958 17,732 Other payables and accruals 21,801 18,280 Lease liabilities 347 244 Islamic medium term notes 1,298 1,198 Bankers' acceptance - 796 Bank overdrafts 3,204 3,356 45,608 41,606 TOTAL LIABILITIES 59,587 57,151 TOTAL EQUITY AND LIABILITIES 224,284 115,174 Net assets per share (RM) 0.26 0.07 Notes:- The unaudited Condensed Consolidated Statement of Financial Position should be read in conjunction with the audited financial statements of the Group for the financial year ended 31 December 2020 and the accompanying explanatory notes attached to this interim financial statements. UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION TOTAL ASSETS EQUITY AND LIABILITIES
Saw Ahmad saidul complaining on other platform . Hmm :)
at the edge on letting go this stocks..approximately almost rm15k loss..entry at 0.32, avg down several times till got 0.085, but seems like this is the end. goodluck to all of you, and for the comp, directors and for those who responsible on doing sht like this to the investors, ffff u. my worst nightmare in bursa. lessons learnt.
Mejar, get someone to do coverage of pasukhas, Okey :)
KUALA LUMPUR (April 8): CGS-CIMB Research has initiated coverage of Senheng New Retail Bhd with an “add” rating at 84.5 sen with a target price (TP) of RM1 and said it projects a net profit compound annual growth rate (CAGR) of 13% for the financial year ended Dec 31, 2021 (FY21) to FY24, driven by: i) a 18% growth in physical retail area; ii) steady same-store sales growth; and iii) robust growth in online sales.
Tengok siapa Akan takeover pasukhas nanti ...pengarah2 dah ambil ~500juta syer esos selepas pp 20% kpd keluarga lkl. Pihak berkuasa SC Dan bursa juga happy haha
Korang boleh pergi Kelantan yg dikuasai lebai Pas minta projek Hidro elektrik Dan minta projek korek pasir sungai Di negeri Pahang Yang dikuasai Oleh parti politik bosku, tengok boleh dapat tak? Pasukhas bukan satu Syarikat sebarangan, rileks je. Waktunya Akan sampai :) segalanya Akan menjadi Indah
pemulihan harga boleh berlaku dengan mengejut! berita baik juga boleh diumumkan bila2 masa. sabar & tenang ya! usah lakukan sesuatu yg bodoh nanti menyesal seumur hidup haha
undi2 - sangat penting... projek veteran angkatan tentera malaysia dengan pasukhas juga mesti berjaya... jika tidak, hilang banyak undi dlm kalangan anggota tentera malaysia
projek hidro elektrik kelantan juga penting... jika gagal ,, lebai pas akan hilang banyak undi dikawasan yg mendapat elektrik dari projek hidro elektrik di kelantan
potensinya tak terbatas... pengarah2 juga dah mengambil ~500juta syer esos.... ~Rm10juta dah dimasukkan ke dalam pasukhas ... pasukhas mempunyai semakin banyak tunai kini
KUALA LUMPUR (April 8): The Securities Commission Malaysia’s (SC) Audit Oversight Board (AOB) has called for public listed companies’ (PLC) audit committees (AC) to continuously and rigorously engage auditors to promote an effective audit process.
In a statement on Friday (April 8), the statutory body said that at the “AOB’s Conversation with Audit Committees” virtual series, the AOB reminded ACs on their role in driving audit quality improvements via strengthening oversight on auditors and the audit process.
“The series is part of the AOB’s ongoing engagement with ACs to strengthen PLC oversight on auditors and the audit process.
“This is in line with the SC’s efforts to improve corporate governance in PLCs and increase investors’ confidence in the quality and reliability of audited financial statements. It is also part of the AOB’s capacity building initiatives for the accounting and auditing industry,” the commission said.
The SC said the AOB highlighted the need for ACs to consider information in the Annual Transparency Reports (ATR) prepared by their audit firms when evaluating the appointment and reappointment of external auditors.
“The ATR provides information on legal and governance structures of firms, measures taken to uphold audit quality and manage risks, and measures of audit quality indicators,” it said.
Furthermore, the commission said ACs are strongly encouraged to understand and discuss the findings and firm-level statistics shared in the AOB’s Annual Inspection Report with their respective auditors to ensure that risk areas identified are adequately addressed.
“Given the challenging business environment, the AOB also urged ACs to continue assessing the impact of the Covid-19 pandemic on the internal controls of financial reporting,” it added.
Why need to wait on this rubbish counter when there is hundreds more progressive counters out there in bursa that we can make money daily, weekly and monthly basis. This counter already almost a year on a downtrend and sideways trend. Checkmate already.. Con counter
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
26,431 posts
Posted by Good123 > 2022-04-07 16:39 | Report Abuse
Transition to endemicity, election play to buoy KLCI in 2022 - analysts.
Bursa Malaysia is projected to end the year at between 1,622 and 1,745 points, supported by ample
liquidity, the reopening of international borders as well as the possibility of a general election,
according to analysts. Hong Leong Investment Bank (HLIB) Research raised its FBM KLCI target to
1,680 points from 1,600, valuing the bellwether index at 16.2 times price-earnings ratio (PER) based
on 2022 earnings per share (EPS). ‘We forecast KLCI earnings growth of -0.6%/+7.3% for calendar
year 2022 (CY22)/23. With [border] reopening and [the country heading for] endemicity, Malaysia’s
relative appeal amid the geopolitical conflict and a possible 'election rally' on the horizon, we turn
PHILLIP RESEARCH SDN BHD Page 3 of 8
199001007125 (198695-X)
more upbeat on the market,’ said HLIB analysts Jeremy Goh and Felicia Ling in an economics and strategy note dated March 30. (Source: TheEdgeMarkets)