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Overview
Financial Highlight
Headlines
Business Background PRG Holdings Bhd is in the business of investment holding and the provision of management services. The company segment includes Manufacturing, Property development and construction and Other. The Manufacturing segment engages in the manufacture, sale, and marketing of rubber strips and narrow fabrics, upholstery webbings, covered elastic yarn, rigid webbings, safety webbing, and metal components for the furniture industry, trading and commission agent. The Property development and construction segment are involved in the development and construction of residential and commercial properties. Its Other segment comprises of operations related to investment holding. The company’s manufacturing facilities are located in Malaysia and Vietnam.
  buyfreedom http://www.theedgemarkets.com/article/prg-inks-strategic-agreement-china-firm-undertake-construction-jobs 17/07/2017 4:07 PM PYLINK 17-Jul-2017 Additional Listing Exercise of Warrants - 40,000 shares at 0.375. 19/07/2017 5:59 PM leekh91 KUALA LUMPUR (Oct 26): PRG Holdings Bhd today signed a collaborative agreement with Jiangsu Provincial Construction (M) Sdn Bhd (JPC) to venture into highway, bridge, port, housing development, as well as project investment and financing projects in Malaysia and abroad. PRG said the agreement formalises the commitments made by both parties in an earlier agreement inked in July, and regulates their rights and obligations as shareholders in the joint venture entity named Premier JPC Sdn Bhd. PRG will hold a 51% stake in Premier JPC, while the remaining 49% will be held by JPC. The collaboration will include construction projects potentially worth RM5 billion to be developed by PRG and the subsidiaries of Syarikat Perumahan Negara Bhd (SPNB), PRG said in a statement. 27/10/2017 9:25 AM commonsense Both the company’s business in manufacturing (via subsidiary Furniweb) and property development are facing operational challenges which had affected the profit to shareholders. The 9m18 result delivered a total loss of RM3.3mil to the shareholders with 4Q18 also expected to still record a loss. Manufacturing business saw a drop of profit by almost 70% due to the intense competition in the industry. The sales in property has dropped by almost half due to lower sales from the Picasso Residence project. Management is planning to venture into the affordable housing segment which I think is a bit late given the already intense competition in the segment. Even those that are well known in the segment (like Hua Yang) is finding it difficult to deliver profit to their shareholders. In addition, with the new regulation imposed by the Pakatan government, where any residences to be considered affordable, it will need to be have at least 900 sq ft of size and be price below RM300k. This would only mean lower profit margins to the developers. If you are looking to diversify your portfolio outside of PRG Holdings (due to its earnings uncertainties and bleak business outlook), I would recommend you to look at MBMR. MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17. FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE. Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50. Good luck. 03/02/2019 10:21 AM 129055444514385 reported quarterly losses and stopped paying any dividend since 2017 :) 19/02/2019 9:59 AM 129055444514385 prg , very undervalued................. its shareholdings in furniweb listed on HKSE is worth several hundred million ringgit now , if not mistaken check it out...it could be privatised by the largest shareholders 25/02/2019 10:19 AM 129055444514385 52 Weeks Range: 0.70 - 0.925 it could rebound strongly if the few major shareholders started buying again.... 25/02/2019 10:20 AM 129055444514385 the No1 in prg now is a singaporean if not mistaken,... more and more projects in spore also for prg as expected.... listed in HK, potential new project in China also 25/02/2019 10:46 AM 129055444514385 market cap is about HKD1.5bil now.... about RM750mil.... prg holds about 63% of furniweb if not mistaken, valued at about RM472.5mil just for this listed subsi. 8480:HKHong Kong Furniweb Holdings Ltd 2.94HKD-0.07-2.33% OPEN 3.01 PREV CLOSE 3.01 VOLUME 64,000 MARKET CAP 1.497B DAY RANGE 2.93-3.03 52 WEEK RANGE 0.29-3.34 25/02/2019 11:20 25/02/2019 11:22 AM 129055444514385 market cap of prg RM200mil++ was very undervalued..... its 63% shareholdings in furniweb is already worth about RM475Mil based on current market price ... please check it out yourselves... haha 25/02/2019 11:24 AM 129055444514385 something good is coming, expecting :) 25-Feb-2019 Additional Listing Exercise of Warrants - 3,719,000 shares at 0.375. 21-Feb-2019 Insider DATO' WEE CHENG KWAN (a substantial shareholder) was dealing with company shares on 21-Feb-2019. 21-Feb-2019 Insider DATO' WEE CHENG KWAN (a substantial shareholder) was dealing with company shares on 21-Feb-2019. 21-Feb-2019 Insider DATO' WEE CHENG KWAN (a company director) was dealing with company shares on 21-Feb-2019. 21-Feb-2019 Insider DATO' WEE CHENG KWAN (a company director) was dealing with company shares on 21-Feb-2019. 21-Feb-2019 Insider DATO' WEE CHENG KWAN (a company director) was dealing with company shares on 18-Feb-2019. 21-Feb-2019 Insider DATO' WEE CHENG KWAN (a company director) was dealing with company shares on 18-Feb-2019. 25/02/2019 3:12 PM 129055444514385 Type: Warrants Sector: Listing Date: Jul 11, 2014 Maturity Date: Jul 06, 2019 Issue Size: 54,320,100 Exercise Price: MYR 0.375 Ratio: Underlying Stock: PRG Avg Volume (4 weeks): 0 4 Weeks Range: 0.315 - 0.40 52 Weeks Range: 0.315 - 0.60 25/02/2019 3:16 PM 129055444514385 :) if the volume improves, the price could rise rapidly, :) Date Open Range Close Change Volume 22/02/2019 0.75 0.745 - 0.75 0.75 0.00 (0.00%) 72,000 21/02/2019 0.75 0.74 - 0.75 0.75 0.00 (0.00%) 151,900 20/02/2019 0.75 0.75 - 0.75 0.75 0.00 (0.00%) 76,000 19/02/2019 0.745 0.74 - 0.75 0.75 0.00 (0.00%) 646,400 18/02/2019 0.745 0.74 - 0.75 0.75 0.00 (0.00%) 354,400 15/02/2019 0.75 0.74 - 0.75 0.75 0.00 (0.00%) 247,000 14/02/2019 0.74 0.74 - 0.75 0.75 0.00 (0.00%) 132,400 13/02/2019 0.75 0.74 - 0.75 0.75 0.00 (0.00%) 128,000 12/02/2019 0.75 0.735 - 0.75 0.75 0.00 (0.00%) 228,100 11/02/2019 0.75 0.735 - 0.75 0.75 -0.005 (0.66%) 183,000 08/02/2019 0.765 0.755 - 0.765 0.755 +0.005 (0.67%) 155,000 07/02/2019 0.75 0.00 - 0.00 0.75 0.00 (0.00%) 0 04/02/2019 0.745 0.745 - 0.75 0.75 0.00 (0.00%) 25,000 31/01/2019 0.735 0.73 - 0.75 0.75 0.00 (0.00%) 415,800 30/01/2019 0.73 0.73 - 0.75 0.75 0.00 (0.00%) 106,000 29/01/2019 0.75 0.75 - 0.75 0.75 0.00 (0.00%) 2,000 28/01/2019 0.745 0.73 - 0.75 0.75 0.00 (0.00%) 449,500 25/02/2019 3:30 PM 129055444514385 Expecting surge in mother share price soon, all prg warrants will be exercised then :) 04/03/2019 12:32 PM 129055444514385 the share price is well supported... maybe, something interesting is coming :) 7168 PRG PRG HOLDINGS BERHAD Additional Listing Announcement /Subdivision of Shares 1. Details of corporate proposalWhether the corporate proposal involves the issuance of new type and new classof securities? NTypes of corporate proposal : Exercise of WarrantsDetails of corporate proposal : Exercise of WarrantsNo. of shares issued under this corporate proposal : 3,230,880Issue price per share ($$) : 0.3750Par Value ($$) (if applicable) : 0.000Latest issued share capital after the above corporate proposalIn the followingUnits : 322,698,374Issued Share Capital ($$) : Malaysian Ringgit (MYR) 88,247,666.800Listing Date : 07/03/2019Remarks:You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com 06/03/2019 10:45 AM Ref Code: 201903063000027 07/03/2019 3:20 PM 129055444514385 interesting :) DATO' WEE CHENG KWAN 04-Mar-2019 Others 3,095,880 0.000 View Detail DATO' WEE CHENG KWAN 26-Feb-2019 Others 1,600,000 0.000 View Detail DATO' WEE CHENG KWAN 26-Feb-2019 Others 1,255,320 0.000 View Detail MR SY DIOCELDO SY 26-Feb-2019 Notice of Person Ceasing 0 0.000 View Detail DATO' WEE CHENG KWAN 21-Feb-2019 Others 2,000,000 0.000 View Detail DATO' WEE CHENG KWAN 21-Feb-2019 Others 1,500,000 0.000 View Detail MR WANG JING 13-Feb-2019 Acquired 25,000 0.000 View Detail MR WANG JING 12-Feb-2019 Acquired 25,000 0.000 View Detail MR NG YAN CHENG 11-Feb-2019 Acquired 78,000 0.000 View Detail DATO' WEE CHENG KWAN 30-Jan-2019 Transferred 1,200,000 0.000 View Detail MR CHEAH ENG CHUAN 23-Jan-2019 Notice of Person Ceasing 0 0.000 View Detail DATO' LUA CHOON HANN 28-Dec-2018 Acquired 45,200 0.000 View Detail DATO' LUA CHOON HANN 27-Dec-2018 Acquired 15,000 0.000 View Detail DATO' LUA CHOON HANN 26-Dec-2018 Acquired 23,000 0.000 View Detail DATO' LUA CHOON HANN 21-Dec-2018 Acquired 2,300 0.000 View Detail DATO' LUA CHOON HANN 20-Dec-2018 Acquired 36,500 0.000 View Detail DATO' LUA CHOON HANN 19-Dec-2018 Acquired 2,000 0.000 View Detail DATO' LUA CHOON HANN 18-Dec-2018 Acquired 5,000 0.000 View Detail DATO' LUA CHOON HANN 17-Dec-2018 Acquired 22,000 0.000 View Detail CHEAH ENG CHUAN 14-Dec-2018 Disposed 20,000 0.000 View Detail DATO' LUA CHOON HANN 14-Dec-2018 Acquired 10,000 0.000 View Detail WANG JING 13-Dec-2018 Transferred 15,622,800 0.000 View Detail CHEAH ENG CHUAN 13-Dec-2018 Disposed 20,000 0.000 View Detail DATO' LUA CHOON HANN 13-Dec-2018 Acquired 25,000 0.000 View Detail PACIFIC VINTAGE SDN BHD 11-Dec-2018 Transferred 200,000 0.000 07/03/2019 3:25 PM 129055444514385 it seems the share prices were supported daily... maybe, the time will come soon :) hold your breath Recent Prices Date Open Range Close Change Volume 06/03/2019 0.74 0.74 - 0.745 0.745 0.00 (0.00%) 304,000 05/03/2019 0.75 0.745 - 0.75 0.745 -0.005 (0.67%) 390,400 04/03/2019 0.75 0.74 - 0.75 0.75 0.00 (0.00%) 488,300 01/03/2019 0.745 0.745 - 0.75 0.75 0.00 (0.00%) 398,600 28/02/2019 0.74 0.74 - 0.75 0.75 0.00 (0.00%) 131,200 27/02/2019 0.75 0.74 - 0.75 0.75 0.00 (0.00%) 181,500 26/02/2019 0.75 0.74 - 0.75 0.75 0.00 (0.00%) 286,300 25/02/2019 0.75 0.745 - 0.75 0.75 0.00 (0.00%) 239,800 22/02/2019 0.75 0.745 - 0.75 0.75 0.00 (0.00%) 72,000 21/02/2019 0.75 0.74 - 0.75 0.75 0.00 (0.00%) 151,900 20/02/2019 0.75 0.75 - 0.75 0.75 0.00 (0.00%) 76,000 19/02/2019 0.745 0.74 - 0.75 0.75 0.00 (0.00%) 646,400 18/02/2019 0.745 0.74 - 0.75 0.75 0.00 (0.00%) 354,400 15/02/2019 0.75 0.74 - 0.75 0.75 0.00 (0.00%) 247,000 14/02/2019 0.74 0.74 - 0.75 0.75 0.00 (0.00%) 132,400 13/02/2019 0.75 0.74 - 0.75 0.75 0.00 (0.00%) 128,000 12/02/2019 0.75 0.735 - 0.75 0.75 0.00 (0.00%) 228,100 11/02/2019 0.75 0.735 - 0.75 0.75 -0.005 (0.66%) 183,000 08/02/2019 0.765 0.755 - 0.765 0.755 +0.005 (0.67%) 155,000 07/03/2019 4:08 PM pts2222 PRG HOLDINGS BERHAD ("PRG" OR THE "COMPANY") DISPOSAL OF 13,000,000 ORDINARY SHARES IN FURNIWEB HOLDINGS LIMITED ("FURNIWEB") ("FURNIWEB SHARES"), REPRESENTING 2.58% EQUITY INTEREST IN FURNIWEB FOR A TOTAL CASH CONSIDERATION OF HKD26,000,000 AT HKD2.00 PER FURNIWEB SHARE 30/05/2019 9:09 PM pts2222 Furniweb Holdings Limited ("Furniweb"), a 63.0% owned subsidiary of PRG Holdings Berhad listed on the GEM of The Stock Exchange of Hong Kong Limited ("HKEX"), had on 29 May 2019 submitted to The HKEX its Circular on major transaction in relation to the acquisition of the entire issued share capital of Meinaide Holdings Group Limited involving issue of consideration shares (“Circular on Proposed Acquisition”) together with the Notice of Extraordinary General Meeting (“EGM”). The EGM will be held on 19 June 2019 at 10.30 a.m.. A copy of the Notice of EGM and Circular on Proposed Acquisition of Furniweb can be downloaded from the website of the HKEX at http://www.hkexnews.h 30/05/2019 9:26 PM  |
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