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Changes in Debts and Equity Securities There were no issuances, cancellations or repayments of debt and equity securities, share buy backs, share cancellation, shares held as treasury shares and resale of treasury shares for the current financial quarter under review and financial year-to-date, except for issuance of 81,441,000 new ordinary shares pursuant to the Private Placement at the exercise price of RM0.1003 per share.
OVERVIEW The Company is a public company limited by shares and is incorporated under the Companies Act in Malaysia. The Company is principally engaged in the business of investment holding and the provision of management services. The principal activities of its subsidiaries are engaged in the Mechanical & Electrical Engineering Services, Civil Engineering and Construction Services, Manufacturing of Low Voltages (“LV”) Switchboards, Trading of Coal and Equipment, Renewable Energy, Rental Property and Property Development segments (“the Group”). The year 2020 will no doubt bring a fair share of challenges and opportunities to the Group. The slowdown in activities on ongoing projects for the local Civil Engineering and Construction Services and Mechanical & Electrical Engineering Services in year 2019 as compared to year 2018, which due to intense competitive market and continued pressure on pricing are expected to have adverse financial effects on the Company. Despite the headwinds from the slowdown, the Group remains 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. The Group had also diversified into Property Development and Coal Trading segment. It is expected that the Group would be able to improve earnings and profitability for the foreseeable financial years. On 13 December 2018, the Company announced that, Pasukhas Green Assets Sdn. Bhd. (“PGA” or the “Issuer”), a wholly-owned subsidiary of Pasukhas Energy Sdn. Bhd., proposes to establish an Islamic medium term note (“ASEAN Green SRI Sukuk”) programme of RM200.0 million in nominal value under the Shariah principle of Wakalah Bi Al-Istithmar together with Murabahah (via Tawarruq arrangement) (“ASEAN Green SRI Sukuk Programme”). The ASEAN Green SRI Sukuk Programme shall have a tenure of twenty (20) years from the date of first issue from the ASEAN Green SRI Sukuk Programme. The proceeds raised from the issuance of the ASEAN Green SRI Sukuk shall be utilised by the Issuer to, amongst others, (i) fund the acquisition of Eligible SRI Projects by the Issuer Group which may include an acquisition of a company under which the Eligible SRI Projects is being held, (ii) fund the capital expenditure which includes the construction of Eligible SRI Projects by the Issuer Group, (iii) finance the Issuer Group’s Shariah-compliant working capital and/or (iv) Pay fees, expenses, costs and all other amounts payable in relation to the ASEAN SRI Sukuk Programme and the AL-Kafalah Facility of the relevant tranche of the ASEAN Green SRI Sukuk shall at all times be Shariah-compliant purposes. With its current solid foundation, and keen eye for integrating suitable mergers and acquisitions into its expansion plan, the Group is confident of maintaining sustainable growth and improved profitability.
PROSPECTS 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 climates do not improve drastically. The Group has implemented cost cutting measures pending a more vibrant economic outlook. We are reasonably confident of the future prospects of the Group in anticipation of the improved economy and in line with the additional roll out of more infrastructure projects initiated by the Government. We also believe that with the long term stable income stream derived from the energy utilities services and power generation segment will contribute positively to the long term financial performance of the Group. The Board of the Group believe that we can benefit from the growth of the general construction sector, which remains attractive on the back of continued Government development policies with strong emphasis on infrastructure development projects. It is our Group’s plan to further explore the possibility of forming strategic alliance or joint venture with other companies in larger construction projects. While competition in the construction industry remains intense, with our construction expertise and large clientele base, we are confident that we are in a better position to secure more projects and improve the financial performance of our Group. The Group’s M&E Engineering Services division is still actively securing more water and infrastructure projects. With the Government’s aim to develop Malaysia into a developed nation by 2020, and to have a complete and modern water infrastructure system in place catering to the entire country as one of the national targets, we are cautiously optimistic in benefiting from the roll out of new infrastructure projects from the Government and private sectors.
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. Given the Government’s support in providing an economically viable platform for investments in the power and energy sector in Malaysia, the positive prospect is expected to improve the Group’s power and energy related businesses, thus enhancing our growth potential. We will continuously be on the lookout for mergers and acquisitions to further expand on our power and energy related business in the near future. With our long term concession revenue from Renewable Energy, we will gradually reduce our dependence on revenue derived from our existing business activities. Overall, our Board is confident of the future prospects of the Group in anticipation of the improved economy and in line with the additional roll out of more infrastructure projects initiated by the Government. We believe that with the continuous opportunities in the construction sector will contribute positively to the financial performance of the Group. Nonetheless, the Group will continue to focus and review our strategies to improve the cost, quality and delivery of our products and services as well as overall operational efficiencies in order to remain competitive in the industries we operate in.
UTILISATION OF PROCEEDS There were no proceeds raised by the Company from any corporate proposals during the financial year ended 31 December 2019, save for the followings:- ASEAN Green Sri Sukuk The subsidiary of the Company, Pasukhas Green Assets Sdn. Bhd., has embarked on the proposed issuance of ASEAN Green Sri Sukuk of up to RM200 million in nominal value, under the Shariah principle of Wakalah Bi Al-Istithmar together with Murabahah (via Tawarruq arrangement). The first tranche of the ASEAN Green Sri Sukuk amounting to RM17 million was issued on 28 February 2019 in relation to the 3.2 MW mini hydropower plant located in Sungai Rek, Kelantan. The status of the utilisation of these proceeds as at the date of printing of the 2019 Annual Report is set out below:- Proposed Utilisation Purpose (RM’000) Actual Utilisation (RM’000) 11,990 2,775 - 1,156 Unutilised Proceeds (RM’000) - - 1,079 - Timeframe for the utilisation of proceeds Within 1 month Within 1 month 10 years Within 1 month
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
Harga pun ~ 5sen, jikalau korang takut , jualkanlah pengecut! :)
Semua pihak mau syer nya kini :)
Kroni politik dll juga mau duit untuk pilihanraya dijangka tahun ini :)
ISSUES OF SHARES AND DEBENTURES During the financial year:- (a) the Company increased its issued and paid-up share capital from RM89,782,847 to RM89,922,183 by issuance of 2,843,600 new ordinary shares to Bumiputera Investors for a cash consideration of RM139,336 through Special Issue. The new ordinary shares issued rank pari passu in all respects with the existing ordinary shares of the Company; and (b) there were no issues of debentures by the Company.
The Company wishes to announce that the Directors, Mak Siew Wei and Wan Thean Hoe have given notices of their intention to deal in the securities of the Company during the closed period impending an announcement of the Company's quarterly result for the forth quarter ended 31 December 2020.
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : INTENTION TO DEAL DURING CLOSED PERIOD
PASUKHAS GROUP BERHAD
Type Announcement Subject DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) INTENTION TO DEAL DURING CLOSED PERIOD Description PASUKHAS GROUP BERHAD ("THE COMPANY") - NOTICE OF INTENTION TO DEAL IN COMPANY'S SECURITIES DURING CLOSED PERIOD The Company wishes to announce that the Directors, Mak Siew Wei and Wan Thean Hoe have given notices of their intention to deal in the securities of the Company during the closed period impending an announcement of the Company's quarterly result for the forth quarter ended 31 December 2020.
As of the date of this announcement, both the Directors mentioned above, do not hold any securities in the Company.
CEO WAN dan mak boleh belanja rm5juta untuk menyapu balik 100 juta syer+++ pada harga lelong kini dan harga syer Pasukhas akan melambung terus, barangkali limit up!
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
26,444 posts
Posted by Good123 > 2021-03-08 15:40 | Report Abuse
Ia boleh naik macam gunung berapi, jangan kecewa tak beli sekarang :)