Highlights
KLSE: PWORTH (7123)       PRICEWORTH INTERNATIONAL BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.05   +0.005 (11.11%)  0.04 - 0.05  17,517,500
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Additional Listing

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Ann. Date Date Type Units Price Total NOSH View
17-Aug-2018 20-Aug-2018 Rights Issue 3,071,191,893 0.050 4,094,922,524 Additional Listing Detail
09-Feb-2018 12-Feb-2018 Private Placement 17,320,000 0.240 1,023,730,631 Additional Listing Detail
15-Jan-2018 16-Jan-2018 Private Placement 46,940,000 0.250 1,006,410,631 Additional Listing Detail
11-Dec-2017 12-Dec-2017 Private Placement 28,800,000 0.225 959,470,631 Additional Listing Detail
31-May-2017 01-Jun-2017 Special Issue 211,871,030 0.100 930,670,631 Additional Listing Detail
20-Jan-2017 23-Jan-2017 Private Placement 20,203,342 0.100 718,799,601 Additional Listing Detail
28-Dec-2016 29-Dec-2016 Private Placement 44,000,000 0.105 698,596,259 Additional Listing Detail
31-Mar-2016 01-Apr-2016 Others 30,000,000 0.100 654,596,259 Additional Listing Detail
12-Feb-2016 15-Feb-2016 Others 25,000,000 0.100 624,596,259 Additional Listing Detail
04-Jan-2016 05-Jan-2016 Others 20,161,290 0.124 599,596,259 Additional Listing Detail
21-Dec-2015 22-Dec-2015 Others 17,094,017 0.117 579,434,969 Additional Listing Detail
09-Dec-2015 10-Dec-2015 Others 14,851,485 0.101 562,340,952 Additional Listing Detail
01-Dec-2015 02-Dec-2015 Others 12,500,000 0.100 547,489,467 Additional Listing Detail
24-Nov-2015 25-Nov-2015 Others 12,500,000 0.100 534,989,467 Additional Listing Detail
13-Nov-2015 16-Nov-2015 Others 10,000,000 0.100 522,489,467 Additional Listing Detail
21-Oct-2015 22-Oct-2015 Others 10,000,000 0.100 512,489,467 Additional Listing Detail
20-Oct-2015 21-Oct-2015 Others 10,000,000 0.100 502,489,467 Additional Listing Detail
05-Oct-2015 06-Oct-2015 Others 10,000,000 0.100 492,489,467 Additional Listing Detail
07-Aug-2015 10-Aug-2015 Others 7,892,659 0.127 482,489,467 Additional Listing Detail
28-Jul-2015 29-Jul-2015 Others 7,892,659 0.127 474,596,808 Additional Listing Detail
02-Mar-2015 03-Mar-2015 Others 19,334,880 0.129 466,704,149 Additional Listing Detail
05-Feb-2015 06-Feb-2015 Others 20,374,898 0.123 447,369,269 Additional Listing Detail
12-Nov-2014 13-Nov-2014 Others 16,744,809 0.149 426,994,371 Additional Listing Detail
10-Oct-2014 13-Oct-2014 Others 15,499,070 0.161 410,249,562 Additional Listing Detail
10-Sep-2014 11-Sep-2014 Others 12,399,256 0.161 394,750,492 Additional Listing Detail
28-Aug-2014 29-Aug-2014 Others 16,216,216 0.148 382,351,236 Additional Listing Detail
19-Aug-2014 20-Aug-2014 Others 12,121,212 0.132 366,135,020 Additional Listing Detail
11-Aug-2014 12-Aug-2014 Others 15,625,000 0.128 354,013,808 Additional Listing Detail
25-Jul-2014 30-Jul-2014 Others 15,625,000 0.128 338,388,808 Additional Listing Detail
08-Apr-2014 09-Apr-2014 Others 14,154,281 0.141 322,763,808 Additional Listing Detail
31-Mar-2014 01-Apr-2014 Others 14,154,281 0.141 308,609,527 Additional Listing Detail
26-Mar-2014 27-Mar-2014 Others 14,154,281 0.141 294,455,246 Additional Listing Detail
19-Mar-2014 20-Mar-2014 Others 11,323,425 0.141 280,300,965 Additional Listing Detail
13-Mar-2014 14-Mar-2014 Others 5,661,712 0.141 268,977,540 Additional Listing Detail
12-Mar-2014 12-Mar-2014 Others 11,323,425 0.141 263,315,828 Additional Listing Detail
23-Jan-2014 24-Jan-2014 Acquisitions 65,714,285 0.350 251,992,403 Additional Listing Detail
29-Apr-2010 30-Apr-2010 Acquisitions 33,096,300 0.650 186,278,118 Additional Listing Detail
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  5 people like this.
 
Derrick4896 4.5sen... Is time to collect..
18/01/2019 13:23
commonsense Hi Cyrus,

The company’s 1Q19 result was highly affected by the cessation of logging operation of its FMU 5 area in Sabah. As of early January 19, there was still no news on whether the cessation order was lifted or not. For October and November there were zero log production (refer to the monthly timber production report) which means that 2Q19 result would most probably show a loss to the company. Until the cessation order is lifted, investors need to be prepared for the company to post continuous losses.

At first glance it seems that the company has a very solid balance sheet with equity to shareholder of RM428mil. However, after further verification, the company might face a liquidity issue with cash balance of only RM4.4mil and total debt of RM 38.1mil of which RM22.4mil is due in 12 months. If the cessation period is not lifted soon, the company might need to go back to the capital market to raised cash (most probably via right issue again). They have just completed a right issue that raised RM108mil back in Aug 2018 of which most of the money were used to pay off their debt.

If you are looking to diversify your portfolio outside of Priceworth (due to its earnings uncertainties and liquidity issues) 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.

For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. I am projecting a profit to shareholder of RM160 mil for FY19 which at the current price values MBMR at only 6.2x 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. Most analysts have a TP of above RM3 for the company with Hong Leong being the lowest at RM3.13 and Maybank the highest at RM4.50.

Good luck.
18/01/2019 16:01
5c0160 pwi game over. No hope better run faster.
20/01/2019 19:37
AlfI3 Juz w/in 3 mths, it caused so big diffrent. This is really a typical politically linked hopeless penny stock
25/01/2019 07:00
CHWong i will byy at 3 sen..... on the way downward
30/01/2019 23:05
mkmk Where is haLIE? Aseng? When is pwi up to 10 sen oh?
31/01/2019 20:49
AlfI3 Ha ha, it was ony d dream talk. 10 sen will nvr appeared in near term n future too. Forget abt this ctr
01/02/2019 04:01
AlfI3 Wat a shameful ctr led by RHB's reknown director...! All these big short's name being used to misled the public
01/02/2019 04:04
AlfI3 Got to tik vacation in holland again, wat a disappoinmn
01/02/2019 04:05
azta12 collect some.. and keep
11/02/2019 11:58
junetan20 today break 0.05.....
11/02/2019 12:12
CyrusQ What’s the outcome of this counter?
11/02/2019 14:30
azta12 keep the momentum going.
11/02/2019 15:51
Stockhunter85 i heard the logging activity already resume .... Anyone from sabah sandakan ? can help to clarify about this?
12/02/2019 21:31
jeffng570 fake news
13/02/2019 10:21
jeffng570 the counter is going to holland
13/02/2019 10:21
CHWong wait and see
13/02/2019 13:20
Sk9864 Ask shafie... no license no kayu
13/02/2019 18:32
5c0160 No hope counter.
13/02/2019 19:31
AlfI3 Why suddenly momentum dropped whilst in d cny mode. No angpau kah??
14/02/2019 17:22
AlfI3 Wat a pity to those investors whom had awaited so long. Really doesnt mik sense
15/02/2019 06:10
Derrick4896 Amazing, Last hour Pwoth hit to TOP 4 active counter.
15/02/2019 17:01
5c0160 totally game over counter. Bankrupt soon
17/02/2019 21:06
AlfI3 So bad meh, until bankrupt & finish gone ah. Like this, many people wil die w/o knowing its reason lah..... like usa apple shares sharp dropped, Wurrent buffert oso kena hit so hard man
18/02/2019 07:12
super hero traders trying to push down to collect at 0.04 before price is going to take off towards 0.12 soon with all the goods news lining up ahead!!!
18/02/2019 09:29
super hero it's good opportunity to ADD BUY NOW!!!!
18/02/2019 09:30
super hero big volume recently meaning frying activities are ON!!!
18/02/2019 09:31
super hero Big jump in price ahead!!! Grab now!
18/02/2019 09:32
Sniper86 if 0.035 sen then i would buy. At current price no way hahaha
18/02/2019 10:36
super hero 3 sen unlikely. 4 sen many would want to buy already. Don't forget there's still "not more than 10%" or around 300millions shares of BUY BACK CAPACITY not being practised until today since resolution passed in Dec 2018.
18/02/2019 11:51
zakryfaa im positive on this stock, will fly very soon, target at least 7 cents
18/02/2019 12:20
super hero There's no worries at all if you invest in this company. As i can see, all bad or even worst news about this comoany already out, what's left now are only good news. I don't encourage contra play for this counter. Trust me, traders sre there to cut your throat if you play contra!!!
18/02/2019 13:26
super hero Mkmk: if you able to show me Pworth Balance Sheet as of 31 Jan 2019, then i trust what you say. If you can' t prove it, then just "shut up". I don' t need fake news. Ok?
18/02/2019 19:06
AlfI3 Juz got to dream it to fly high, actual situation doesnt look good, unless volume shoot up
19/02/2019 00:50
super hero Time will prove who's right and who's wrong. Trade at your own risks! I don't think there's a need for any form of arguement. Good luck for everybody! I will "Shut Up".
19/02/2019 08:35
tklim STRONG SELL..... Floor price 0.005......Finish
19/02/2019 09:52
super hero 100% buy rate at 0.045 today. I expect tomorrow to open at 0.05 and close at 0.06. Let's hope it happens! Good luck to all!
19/02/2019 17:07
7300 japan Olympic project,..follow by use of recycle straw,30sen TP
20/02/2019 23:09
gaogaoinvest Bankrupt....
21/02/2019 07:58
super hero One question for all interested in pworth to think - pworth founder cum managing director Andrew Lim is charged together with ex-Sabah Minister Musa Aman. If he's found guilty, who would you think will buy over his 300mil+ shares of pworth? Sell via open market or take over by GLC (government)? If you have answer for this, you should know what to do next. Ok?
21/02/2019 10:06
AlfI3 Wooow, any idea when Andrew Lim's charge to b juztified for his guiltiness ya?
21/02/2019 10:22
Sk9864 Super hero.... let them sell first
21/02/2019 10:42
7300 company is solid n was sold down because of lim problem,just like naim earlier news but I keep to see above rm1 play,remenber ,no forever enemy,bunga raya want to blossom there!
21/02/2019 10:46
Sk9864 Alfl3 : andrew lim n pworth----> separate entity
21/02/2019 14:22
moneylai The Board of Directors of Priceworth International Berhad (“PWI” or “the Company”), wishes to announce that the Parties have entered into a nineth supplemental letter dated 21 February 2019 in respect of the SPA dated 19 October 2016 to mutually agree and acknowledge that:

the Unconditional Date shall be 22 May 2018 and the Cut-Off Date shall be 21 February 2019;
the Cash Option shall no longer be applicable and all references to Cash Option, Option Period or Extended Option Period or any other references in relation thereto where applicable, shall be deleted from the Agreement accordingly;
the Purchaser has not obtained the Listing Approval by the Cut-Off Date in accordance with Clause 4.1(e)(1) of the Agreement and henceforth, the Balance Consideration payable for the Sale Shares shall be paid within the time and manner as set forth in Clause 4.1(e)(1) and Clause 4.1(e)(2) of the Agreement;
the First Part-Payment shall be payable by the Vendor to the Purchaser on the Cut-Off Date;
at the request of the Purchaser, the Vendor has agreed to grant an extension of one (1) month from the date hereof or up-to 21 March 2019 (“Revised First Part-Payment Date”) for the Purchaser to pay the First Part-Payment to the Vendor; and
in amplification of Clause 6 above, the grant of an extension of time by the Vendor and agreement of the Revised First Part-Payment Date shall be strictly without prejudice to the rights of the Vendor pursuant to Clause 16.3 of the Agreement or any of the existing legal rights or interests of the Vendor arising out of or in connection with Agreement.

Save for the above, all other terms and conditions of the SPA remain unchanged.

This announcement is dated 21 February 2019.

The FMU is gone if they have no money to pay...
21/02/2019 20:01
super hero Ooops! So nice for vendor to extend 1 month period while they can actually forfeit the deposit straight away! All pworth holders better be careful, the team behind tge scene is planning to force all small investors to vomid out their holdings at cheap! After all of you sold panicly, this stock will be swept up nicely.
22/02/2019 00:04
mkmk No money pay still say can do share buy back... joke of the day...
22/02/2019 06:39
super hero first part payment is only RM20 mil, small amount. don't forget Pworth recently paid tax to comply with local authorities and manage to get back their 549 logs of timbers which is not in the sale revenue yet. I see no need to press panic button as yet. asking for extension 1 month and granted by the seller of FMU 5 meaning they all are sincere in getting this S&P deal through. isn't it a GOOD NEWS?
22/02/2019 08:46
7300 it is no better time to buy it when CI is down,told u go for big buy coming.
22/02/2019 10:04
Derrick4896 Wah, today share price up...
22/02/2019 14:04


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