Fintec, Pasukhas: Fintec tasks Pasukhas with building glove factory for RM58.9m. Fintec Global has tasked Pasukhas Group to build a rubber glove factory in Perak for RM58.87m. Pasukhas announced that it has received a letter of award from Fintec Glove to design, build and deliver a turnkey glove manufacturing factory in Kinta, Perak. The factory is a 10,000sqm that will house up to 14 dipping lines. (The Edge)
one RI exercise in the past also 10sen per share. now 5sen only...
PASUKGB Bonus/Right Issue History Date Ex-Date Entitlement Date Transfer Date Type Ratio Right Issue Price Details 27 Mar 17 06 Apr 17 10 Apr 17 10 Apr 17 Rights Issue 1 : 1 0.100
employees with insider knowledge grabbed a lot at 5sen... it is expected to rebound strongly with the order to build a glove factory valued at more than RM56mil++
18-Feb-2021 Additional Listing ESOS - 60,000,000 shares at 0.050. 17-Feb-2021 Additional Listing ESOS - 30,000,000 shares at 0.050.
Feb2021 BRIEF-Pasukhas Group's Unit Accepts LoA From At Glove Engineering Sdn Feb 2 (Reuters) - Pasukhas Group Bhd PASU.KL : * UNIT ACCEPTED LOA FROM AT GLOVE ENGINEERING SDN * CONTRACT VALUE 2.7 MILLION RGT * CONTRACT TO DESIGN AND BUILD A FOUR STOREY OFFICE BUILDING Source text for Eikon: ID:nKLSc4gYq Further company coverage: PASU.KL ((Reuter.... NEWS READ MORE 27 Jan2021 BRIEF-Pasukhas Group Bhd Says Unit Accepted Of Letter Of Award From From Fintec Glove Jan 27 (Reuters) - Pasukhas Group Bhd PASU.KL : * UNIT ACCEPTED OF LETTER OF AWARD FROM FROM FINTEC GLOVE * UNIT TO ACT AS ENGINEERING, CONSTRUCTION CONTRACTOR TO BUILD TURNKEY GLOVE-MANUFACTURING FACTORY * DEAL FOR 58.9 MILLION RGT * CONTRACT AWARD EXPECTED CONTRIBUTE PO.... NEWS READ MORE 22 Sep2020 BRIEF-Pasukhas Group Says Unit Entered River Sand Extraction Cum Main Operator Agreement Sept 22 (Reuters) - Pasukhas Group Bhd PASU.KL : * UNIT ENTERED RIVER SAND EXTRACTION CUM MAIN OPERATOR AGREEMENT WITH BB ENERGY * BBESB AGREED TO APPOINT & GRANT PPSB EXCLUSIVE RIGHTS FOR EXPORT OF RIVER SAND Source text for Eikon: ID:nKLS9X00Dg Further company covera....
KUALA LUMPUR (Feb 25) Danajamin Nasional Bhd is guaranteeing the first tranche of a 20-year RM200 million Islamic Medium Term Notes Programme issued by a wholly-owned subsidiary of Pasukhas Group Bhd.
"The proceeds from the issuance of the Asean Green SRI Sukuk will be utilised for Pasukhas' hydropower plant in Sungai Rek, Kelantan and to explore other renewable energy assets in Malaysia," Danajamin said in a statement today.
The tranche issued by Pasukhas Green Assets Sdn Bhd also marks Danajamin's first foray into the green sukuk programme aimed at funding environmentally sustainable infrastructure in Malaysia.
The tranche, worth RM17 million with tenures of up to 10 years, is unrated and is to be fully subscribed upon issuance.
Danajamin CEO Mohamed Nazri Omar said Pasukahas will continue to seize growth opportunities by extending its business activities in multiple sectors.
"We hope this issuance will continue to spur Pasukhas' growth as they progress into the renewable energy segment. This new venture will simultaneously diversify the market with more SRI opportunities for investors," he said.
Meanwhile, Pasukhas CEO Wan Thean Hoe said the group is appreciative of Danajamin's guarantee of the Aseam Green SRI Sukuk.
"We appreciate the support and trust Danajamin has placed in us through their guarantee. This will be a stepping stone for Pasukhas to strengthen its energy business by venturing into more opportunities in the renewable energy segment," said Wan.
Danajamin said there have been about six Green Sukuk issuances since the inaugural Green Sukuk was released in July 2017 in Malaysia, while adding this is part of the government's initiative to strengthen Malaysia's Syariah compliant green instruments position.
It added that to date its guarantees have assisted 38 issuances, with a total guarantee size of RM10.7 billion. The total market impact of these deals, via risk-sharing collaboration with its partner banks, stands at RM21.2 billion.
Date of change 26 Nov 2020 Name DATO' NIK ISMAIL BIN DATO' NIK YUSOFF Age 74 Gender Male Nationality Malaysia Type of change Appointment Designation Member of Audit Committee Directorate Independent and Non Executive Composition of Audit Committee (Name and Directorate of members after change) 1. Mr Teoh Kim Hooi (Chairman) - Independent Non-Executive Director 2. Mr Yap Chee Keong (Member) - Independent Non-Executive Director 3. Mejar Dato' Ismail Bin Ahmad (Member) - Independent Non-Executive Director 4. Dato' Nik Ismail Bin Dato' Nik Yusoff (Member) - Independent Non-Executive Director
Announcement Info Company Name PASUKHAS GROUP BERHAD Stock Name PASUKGB Date Announced 26 Nov 2020 Category Change in Audit Committee Reference Number C02-26112020-00004
Dijangka melambung. Staf Akan exercise opsyen dan banyak tunai Akan mengalir masuk syarikat:)
OTHERS PASUKHAS GROUP BERHAD ("Pasukhas" or "the Company") - EMPLOYEES SHARE OPTION SCHEME ("ESOS")
PASUKHAS GROUP BERHAD
Type Announcement Subject OTHERS Description PASUKHAS GROUP BERHAD ("Pasukhas" or "the Company") - EMPLOYEES SHARE OPTION SCHEME ("ESOS") Pursuant to Rule 9.19 (51) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, Pasukhas wishes to announce that the Company had made an offer of options on 19 February 2021 to eligible persons to subscribe for new shares in the Company under the Company’s ESOS.
The details as follows:
(a) Date of Offer : 19 February 2021 (b) Number of options offered : 202,240,700 (c) Exercise price of options offered : RM0.0475 (d) Closing price of Pasukhas’s shares on the date of the Offer : RM0.050 (e) Number of options offered to the Company’s Directors under the ESOS : None (f) Vesting period of the options offered : The options are vested on the Offer Date
good123 and josh you both working together or what? haha. you both should be more sensitive nowadays. lot of people loosing money and some of them been force to withdraw their epf. how do you feel tricking people to use their money to buy the shares. weak operator
Prospects The revenue driver of the Group for the financial year under review primarily from Energy Utilities Services & Power Generation segment. Moving forward, the Group shall continue developing and expanding its foothold in this segment, as well as the Civil Engineering & Construction Services and M&E Engineering Services. The year 2020 will no doubt bring a fair share of challenges and opportunities to the Group. With the Coronavirus disease 2019 (COVID-19) pandemic outbreak worldwide, like other companies in the same industry, the immediate prospects for the Group are not encouraging in the event that the macro economic and political climate do not improve drastically. The Group has implemented cost cutting measures pending a more vibrant economic outlook. Nevertheless, the Group remains reasonably optimistic as it will continue to leverage on its clients base, internal strength and marketing efforts to secure new contracts from both local and overseas clients. With its solid foundation, and keen eye for integrating suitable acquisition and mergers into its expansion, the Group is expected to maintain sustainable growth and improved profitability for the foreseeable financial years. The Board believe that with the continuous growth in the Energy Utilities Services and Power Generation segment will contribute positively to the financial performance of the Group. The Renewable Energy, i.e. energy utilities services and power generation business, with the long term stable income stream derived from the energy utilities services continue to contribute positively to long term revenue and profits of the Group. On top of the above, the Group will kick start its development project and expand into River Sand Extraction cum Trading segment in the near future. To fund the said projects and expansion, the Group has on 18 September 2020, completed the private placement of up to 81,440,000 new ordinary shares in the Company, representing 10% of the total number of issued shares of the Company. On 12 October 2020, the Company had further proposed to undertake a private placement of up to 268,757,000 new ordinary shares in the Company, representing 30% of the total number of issued shares of the Company. Nonetheless, the Group will continue to focus and review its strategies to improve the cost, quality and delivery of its products and services as well as overall operational efficiencies in order to remain competitive in the industries the Group operate in.
To exercise esos take time after annmt? Within a month or 2? Within this time the price shoild be hingher than esos so it can be exercise to take this tricky ang pow
PASUKHAS GROUP: Second contract win of the year Maybank IB Retail Research
Pasukhas announced that its wholly-owned subsidiary Pasukhas S/B was awarded a c.MYR2.7m contract by AT Glove Engineering S/B, a wholly-owned subsidiary of AT Systematization (ATSY MK, CP: MYR0.165, Not Rated), to build a four storey office building at Kinta, Perak. The overall contract period, excluding building of lift, will be three months from the commencement date in Feb 2021.
This is the second contract win of the year. Earlier, the group was appointed by Fintec Glove S/B, a wholly-owned subsidiary of Fintec Global (FGB MK, CP: MYR0.075, Not Rated), as the contractor to build a turnkey glove manufacturing factory at Kinta, Perak too. With these two project wins, the group has secured a total of MYR61.6m jobs YTD.
The stronger pipeline is welcomed as it could help the construction division to return to profitability. This was the only unit reported a segmental loss in 9M20 due to a slowdown in activities. Also, outlook for this sector remains uncertain, as the Covid-19 pandemic, which had led to the re-imposition of lockdown measure, will affect economic activities and progress of the projects.
A slight silver lining is that its joint venture property project with Yayasan Veteran ATM to undertake a mixed commercial development project on a piece of leasehold land off Jalan Tun Razak, Kuala Lumpur, is finally expected to commence by 1Q 2021. The project, which has an estimated gross development value of MYR338m, is scheduled for completion by 4Q 2023.
Meanwhile, the operations of its mini hydropower plant in Kelantan will provide a steady income to the group. Its 9M20 contribution, however, was insufficient to bring the group back into profitability. On its river sand extraction business at Sungai Miang, Pahang, the operation is expected to commence soon, targeting to supply a minimum of 2.5m cubic meters of river sand per year.
It is obvious that Pasukhas is in dire need of a turnaround. The group was in the red for the last two financial years. It also reported a loss after tax of MYR6.3m in 9M20. However, its diverse operations, particularly recurring income from renewable energy operations, could help to cushion earnings volatility but execution is key to success.
Malaysian Academy of Sciences fellow Datuk Dr Madeline Berma said economists predicted that Malaysia would be able to revive its economy starting in the third quarter of this year, depending on the smooth implementation of the vaccination programmes
KUALA LUMPUR: The country’s economy is expected to show a positive development by the middle of this year once the National Covid-19 Immunisation Programme, which begins on Wednesday, gathers momentum, an economist said.
Malaysian Academy of Sciences fellow Datuk Dr Madeline Berma said economists predicted that Malaysia would be able to revive its economy starting in the third quarter of this year, depending on the smooth implementation of the vaccination programmes
.“This is in line with the forecast issued by the Economic Planning Unit which expects the country’s economy to recover around 4.5 to 5.0%, ” she said in a special coverage of the first batch of Covid-19 vaccines arrival to Malaysia on BernamaTV on yesterday.
Madeline said the services sector was one of the sectors that needed to be given priority in the vaccination programme, besides the manufacturing sector to help increase production rates.
She hopes with the national immunisation programmme underway, the country’s tourism and export sectors could also be mobilised again to open more economic opportunities for industry players.
“The country’s tourism and export sectors have been badly affected by the closure of national borders since the Movement Control Order was imposed, ” she said.
Meanwhile, Madeline said investments from international pharmaceutical companies in the research and production of the Covid-19 vaccine in the country could help reduce the unemployment rate.
She said the potential for collaborative research and vaccine production in the country would open up opportunities for recruitment of highly skilled graduates.
“We hope the presence of pharmaceutical companies that could create jobs will drive the country’s economy and instils confidence in foreign and local investors that the country’s economy is growing and recovering well with a good cycle." — Bernama
KUALA LUMPUR (Feb 22): Malaysia’s economy is expected to return to positive growth this year, along with other economies globally, on sustained progress in vaccine roll-outs that will boost consumption worldwide, the World Bank Group said.
Its macroeconomics, trade and investment global practice lead economist Richard Record said the group expects that vaccine deployment can be mostly completed in 2021 in most economies, leading to a strong recovery and demand, as well as boosting trade and commodity prices.
“We are projecting a global growth of 4% this year. As for Malaysia, we project economic growth this year to range between 5.6% and 6.7%,” he said during the virtual 2021 Malaysia Economic and Strategic Outlook Forum titled: “The Post-Covid-19 New Normal — Where Do We Go From Here”.
See got volume, got bit news then everybody come out to pretend pro, pretend know this stock very well. I been holding and following this stock for 5 years
Additional Listing Announcement /Subdivision of Shares
PASUKHAS GROUP BERHAD
1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No Types of corporate proposal ESOS Details of corporate proposal Exercise of ESOS No. of shares issued under this corporate proposal 60,642,500 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0475 Par Value($$) (if applicable) Latest issued share capital after the above corporate proposal in the following
Units 1,435,462,432 Issued Share Capital ($$) Malaysian Ringgit (MYR) 131,414,185.630 Listing Date 23 Feb 2021
@pizzaboy, you hold for 5 years already, what is your realistic target right now? went up twice to 19-20 cents in past 5 years while also dropping to as low as 1 cent. Do you think it will be higher than the past?
Pasukhas has signed a partnership agreement with BB Energy Sdn Bhd to extract river sand for the export market.
BB Energy has been granted a concession and temporary occupational licence for Sungai Miang, Mukim Pekan, Pahang, by Pengurusan Pasir Pahang Bhd (PPPB).
Under the agreement, Pasukhas' wholly-owned subsidiary Pasukhas Products Sdn Bhd is granted exclusive rights to access, extract, dredge, sell and distribute river sand.
The contract is for a period of 12 months, with the option to extend for a further 12 months, entailing 200,000 cu m of sand production per month.
Malaysia’s trade surplus jumps 38pc to RM16.6b in January. -Bernama- Malaysia’s trade surplus soared by 38.0 per cent year-on-year (yoy) to RM16.6 billion in January 2021, said the Department of Statistics Malaysia (DOSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said total trade widened by 4.1 per cent yoy to RM162.6 billion. He said Malaysia’s total exports continued its positive momentum of five consecutive months of improvement by expanding 6.6 per cent yoy to RM89.6 billion in January 2021, while imports continued to record an increase of 1.3 per cent to RM73 billion. “Domestic exports grew by 6.3 per cent at RM72.1 billion and it contributed 80.5 per cent to the total exports,” he said in a statement on Friday. Re-exports grew 7.5 per cent yoy to RM17.5 billion in January 2021, while imports increased 1.3 per cent y-o-y to RM73 billion. Mohd Uzir said Malaysia's export expansion was supported mainly by higher exports to China (+RM2.7 billion), the United States (+RM1.6 billion), Vietnam (+RM1.2 billion), the European Union (+RM821.3 million), and Singapore (+RM621.0 million). “This was the highest export value recorded for January so far. The expansion in exports was driven by both domestic exports and re-exports. Meanwhile, increases in imports were mainly from Taiwan (+RM1.0 billion), China (+RM793.9 million), Hong Kong (+RM686.1 million), and Indonesia (+RM662.1 million).
OTHERS PASUKHAS GROUP BERHAD ("Pasukhas" or "the Company") - EMPLOYEES SHARE OPTION SCHEME ("ESOS") PASUKHAS GROUP BERHAD
Type Announcement Subject OTHERS Description PASUKHAS GROUP BERHAD ("Pasukhas" or "the Company") - EMPLOYEES SHARE OPTION SCHEME ("ESOS") Pursuant to Rule 9.19 (51) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, Pasukhas wishes to announce that the Company had made an offer of options on 19 February 2021 to eligible persons to subscribe for new shares in the Company under the Company’s ESOS.
The details as follows:
(a) Date of Offer : 19 February 2021 (b) Number of options offered : 202,240,700 (c) Exercise price of options offered : RM0.0475 (d) Closing price of Pasukhas’s shares on the date of the Offer : RM0.050 (e) Number of options offered to the Company’s Directors under the ESOS : None (f) Vesting period of the options offered : The options are vested on the Offer Date
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....
Josh2020
53 posts
Posted by Josh2020 > 2021-02-19 16:45 | Report Abuse
4 Weeks Range: 0.04 - 0.075
4 Weeks Price Volatility (%):
28.57%
52 Weeks Range: 0.01 - 0.19
52 Weeks Price Volatility (%):
22.22%
Average Price Target: 0.22
Price Target Upside/Downside: +0.17