Highlights
KLSE: PRESBHD (5204)       PRESTARIANG BERHAD MAIN : Technology
Last Price Today's Change   Day's Range   Trading Volume
0.305   -0.01 (3.17%)  0.30 - 0.325  19,430,100
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Financials


Market Cap: 148 Million

Market Cap 148 Million
NOSH 484 Million

Latest Audited Result:  30-Jun-2019

Latest Audited Result: 30-Jun-2019
Announcement Date 29-Oct-2019
Next Audited Result: 30-Jun-2020
Est. Ann. Date: 29-Oct-2020
Est. Ann. Due Date: 27-Dec-2020

Latest Quarter:  31-Mar-2020 [#3]

Latest Quarter: 31-Mar-2020 [#3]
Announcement Date 22-May-2020
Next Quarter: 30-Jun-2020
Est. Ann. Date: 30-Aug-2020
Est. Ann. Due Date: 29-Aug-2020
QoQ | YoY   19.26%  |    29.65%

Annual (Unaudited) ( EPS: -4.39, P/E: -6.94 )

Revenue | NP to SH 367,317  |  -21,271
RPS | P/RPS 75.89 Cent  |  0.40
EPS | P/E | EY -4.39 Cent  |  -6.94  |  -14.41%
DPS | DY | Payout % 0.70 Cent  |  2.30%  |  - %
NAPS | P/NAPS 0.23  |  1.35
YoY   -867.30%
NP Margin | ROE -2.46%  |  -19.47%
F.Y. | Ann. Date 30-Jun-2019  |  30-Aug-2019

T4Q Result ( EPS: -5.70, P/E: -5.35 )

Revenue | NP to SH 217,369  |  -27,599
RPS | P/RPS 44.91 Cent  |  0.68
EPS | P/E | EY -5.70 Cent  |  -5.35  |  -18.70%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.20  |  1.51
QoQ | YoY   4.65%  |    -166.81%
NP Margin | ROE -10.09%  |  -28.24%
F.Y. | Ann. Date 31-Mar-2020  |  22-May-2020

Annualized Result ( EPS: -2.79, P/E: -10.90 )

Revenue | NP to SH 127,182  |  -13,548
RPS | P/RPS 26.28 Cent  |  1.16
EPS | P/E | EY -2.79 Cent  |  -10.90  |  -9.18%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   2.80%  |    -312.47%
NP Margin | ROE -10.84%  |  -13.86%
F.Y. | Ann. Date 31-Mar-2020  |  22-May-2020


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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
30-Jun-2020 22-May-2020 31-Mar-2020 3 25,973 -2,357 -3,446 -3,191 - 97,719 - % -13.27% -3.27% 484,000 5.37 5.37 -0.65 -0.65 0.00 0.00 0.2019 0.20   19.26%   29.65% 31-Mar-2020 0.15 2.80 -22.75 0.74 -4.40% 0.00% 22-May-2020 0.305 5.68 -46.26 1.51 -2.16% 0.00%
30-Jun-2020 25-Feb-2020 31-Dec-2019 2 31,263 -3,501 -3,895 -3,952 - 100,913 - % -12.46% -3.92% 484,000 6.46 6.46 -0.93 -0.93 0.00 0.00 0.2085 0.21   -30.99%   -911.50% 31-Dec-2019 0.415 6.42 -50.82 1.99 -1.97% 0.00% 25-Feb-2020 0.37 5.73 -45.31 1.77 -2.21% 0.00%
30-Jun-2020 29-Nov-2019 30-Sep-2019 1 38,151 -2,865 -3,001 -3,017 - 105,754 - % -7.87% -2.85% 484,000 7.88 7.88 -0.62 -0.62 0.00 0.00 0.2185 0.22   82.70%   55.79% 30-Sep-2019 0.485 6.15 -77.81 2.22 -1.29% 0.00% 29-Nov-2019 0.425 5.39 -68.18 1.95 -1.47% 0.00%
30-Jun-2019 30-Aug-2019 30-Jun-2019 121,982 -1,970 -11,594 -17,439 - 109,238 - % -9.50% -15.96% 484,000 25.20 25.20 -3.60 -3.60 0.00 0.00 0.2257 0.23   -284.46%   -3,396.60% 28-Jun-2019 0.41 1.63 -11.38 1.82 -8.79% 0.00% 30-Aug-2019 0.43 1.71 -11.93 1.91 -8.38% 0.00%
30-Jun-2019 30-May-2019 31-Mar-2019 3 41,778 -3,580 -4,486 -4,536 - 154,396 - % -10.74% -2.94% 484,000 8.63 8.63 -0.94 -0.94 0.00 0.00 0.3190 0.32   -1,031.42%   -169.66% 29-Mar-2019 0.525 6.08 -56.02 1.65 -1.79% 0.00% 30-May-2019 0.395 4.58 -42.15 1.24 -2.37% 0.00%
30-Jun-2019 28-Feb-2019 31-Dec-2018 2 22,165 1,292 570 487 - 158,945 - % 2.57% 0.31% 484,000 4.58 4.58 0.10 0.10 0.00 0.00 0.3284 0.33   107.14%   -88.76% 31-Dec-2018 0.455 9.94 452.20 1.39 0.22% 0.00% 28-Feb-2019 0.38 8.30 377.66 1.16 0.26% 0.00%
31-Dec-2018 28-Nov-2018 30-Sep-2018 1 52,717 2,124 -5,163 -6,824 - 159,090 - % -9.79% -4.29% 484,000 10.89 10.89 -1.41 -1.41 0.00 0.00 0.3287 0.33   -1,389.98%   -249.29% 28-Sep-2018 1.04 9.55 -73.76 3.16 -1.36% 0.00% 28-Nov-2018 0.56 5.14 -39.72 1.70 -2.52% 0.00%
31-Dec-2018 29-Aug-2018 30-Jun-2018 55,924 6,912 2,614 529 968 166,253 182.99% 4.67% 0.32% 484,000 11.55 11.55 0.11 0.11 0.20 0.20 0.3435 0.34   -91.88%   -90.91% 29-Jun-2018 1.08 9.35 988.13 3.14 0.10% 0.19% 29-Aug-2018 1.27 10.99 1,161.97 3.70 0.09% 0.16%
31-Dec-2018 15-May-2018 31-Mar-2018 72,751 13,089 9,016 6,512 2,420 170,513 37.16% 12.39% 3.82% 484,000 15.03 15.03 1.35 1.35 0.50 0.50 0.3523 0.35   50.25%   102.49% 30-Mar-2018 1.28 8.52 95.14 3.63 1.05% 0.39% 15-May-2018 1.11 7.38 82.50 3.15 1.21% 0.45%
31-Dec-2017 27-Feb-2018 31-Dec-2017 71,927 18,421 8,352 4,334 2,420 164,027 55.84% 11.61% 2.64% 484,000 14.86 14.86 0.90 0.90 0.50 0.50 0.3389 0.34   -5.18%   207.59% 29-Dec-2017 1.52 10.23 169.75 4.49 0.59% 0.33% 27-Feb-2018 1.67 11.24 186.50 4.93 0.54% 0.30%
31-Dec-2017 23-Nov-2017 30-Sep-2017 3 48,474 8,472 7,100 4,571 2,420 165,382 52.94% 14.65% 2.76% 484,000 10.02 10.02 0.94 0.94 0.50 0.50 0.3417 0.34   -21.42%   525.31% 29-Sep-2017 1.79 17.87 189.53 5.24 0.53% 0.28% 23-Nov-2017 1.21 12.08 128.12 3.54 0.78% 0.41%
31-Dec-2017 24-Aug-2017 30-Jun-2017 2 55,211 7,264 5,902 5,817 4,840 163,108 83.20% 10.69% 3.57% 484,000 11.41 11.41 1.20 1.20 1.00 1.00 0.3370 0.34   80.88%   56.88% 30-Jun-2017 2.08 18.23 173.07 6.17 0.58% 0.48% 24-Aug-2017 1.75 15.34 145.61 5.19 0.69% 0.57%
31-Dec-2017 22-May-2017 31-Mar-2017 1 43,894 3,821 3,216 3,216 3,630 161,075 112.87% 7.33% 2.00% 484,000 9.07 9.07 0.66 0.66 0.75 0.75 0.3328 0.33   128.25%   5.93% 31-Mar-2017 2.31 25.47 347.65 6.94 0.29% 0.32% 22-May-2017 2.35 25.91 353.67 7.06 0.28% 0.32%
31-Dec-2016 22-Feb-2017 31-Dec-2016 4 24,716 1,721 1,573 1,409 3,630 161,510 257.63% 6.36% 0.87% 484,000 5.11 5.11 0.29 0.29 0.75 0.75 0.3337 0.33   92.75%   -52.77% 30-Dec-2016 2.06 40.34 707.62 6.17 0.14% 0.36% 22-Feb-2017 2.24 43.86 769.45 6.71 0.13% 0.33%
31-Dec-2016 23-Nov-2016 30-Sep-2016 3 17,840 731 731 731 3,630 163,591 496.58% 4.10% 0.45% 484,000 3.69 3.69 0.15 0.15 0.75 0.75 0.3380 0.34   -80.29%   -85.44% 30-Sep-2016 2.25 61.04 1,489.74 6.66 0.07% 0.33% 23-Nov-2016 2.20 59.69 1,456.63 6.51 0.07% 0.34%
31-Dec-2016 24-Aug-2016 30-Jun-2016 2 48,824 5,028 3,708 3,708 3,630 166,738 97.90% 7.59% 2.22% 484,000 10.09 10.09 0.77 0.77 0.75 0.75 0.3445 0.34   22.13%   -27.18% 30-Jun-2016 1.98 19.63 258.45 5.75 0.39% 0.38% 24-Aug-2016 2.10 20.82 274.11 6.10 0.36% 0.36%
31-Dec-2016 25-May-2016 31-Mar-2016 1 40,692 4,051 3,036 3,036 3,630 167,754 119.57% 7.46% 1.81% 484,000 8.41 8.41 0.63 0.63 0.75 0.75 0.3466 0.35   1.78%   -24.25% 31-Mar-2016 2.95 35.09 470.29 8.51 0.21% 0.25% 25-May-2016 2.27 27.00 361.88 6.55 0.28% 0.33%
31-Dec-2015 25-Feb-2016 31-Dec-2015 4 24,328 7,470 3,064 2,983 4,840 169,545 162.25% 12.59% 1.76% 484,000 5.03 5.03 0.62 0.62 1.00 1.00 0.3503 0.35   -40.59%   63.27% 31-Dec-2015 2.97 59.09 481.89 8.48 0.21% 0.34% 25-Feb-2016 2.83 56.30 459.18 8.08 0.22% 0.35%
31-Dec-2015 25-Nov-2015 30-Sep-2015 3 16,133 5,859 4,857 5,021 4,840 171,336 96.40% 30.11% 2.93% 484,000 3.33 3.33 1.04 1.04 1.00 1.00 0.3540 0.35   -1.39%   -0.22% 30-Sep-2015 1.85 55.50 178.33 5.23 0.56% 0.54% 25-Nov-2015 2.46 73.80 237.13 6.95 0.42% 0.41%
31-Dec-2015 20-Aug-2015 30-Jun-2015 2 35,000 5,092 5,092 5,092 4,840 172,013 95.05% 14.55% 2.96% 484,000 7.23 7.23 1.05 1.05 1.00 1.00 0.3554 0.36   27.05%   -27.68% 30-Jun-2015 2.60 35.95 247.13 7.32 0.40% 0.38% 20-Aug-2015 2.16 29.87 205.31 6.08 0.49% 0.46%
31-Dec-2015 27-May-2015 31-Mar-2015 1 40,030 4,008 4,008 4,008 3,630 170,561 90.57% 10.01% 2.35% 484,000 8.27 8.27 0.83 0.83 0.75 0.75 0.3524 0.35   119.38%   -37.39% 31-Mar-2015 2.60 31.44 313.97 7.38 0.32% 0.29% 27-May-2015 2.50 30.23 301.90 7.09 0.33% 0.30%
31-Dec-2014 25-Feb-2015 31-Dec-2014 4 12,364 1,827 1,827 1,827 2,420 169,012 132.46% 14.78% 1.08% 484,000 2.55 2.55 0.38 0.38 0.50 0.50 0.3492 0.35   -63.69%   -82.99% 31-Dec-2014 1.44 56.37 381.48 4.12 0.26% 0.35% 25-Feb-2015 2.10 82.21 556.32 6.01 0.18% 0.24%
31-Dec-2014 26-Nov-2014 30-Sep-2014 3 16,850 5,108 5,032 5,032 4,840 172,062 96.18% 29.86% 2.92% 484,000 3.48 3.48 1.04 1.04 1.00 1.00 0.3555 0.36   -28.53%   -59.19% 30-Sep-2014 1.86 53.43 178.90 5.23 0.56% 0.54% 26-Nov-2014 1.58 45.38 151.97 4.44 0.66% 0.63%
31-Dec-2014 27-Aug-2014 30-Jun-2014 2 29,047 7,041 7,041 7,041 6,336 98,309 90.00% 24.24% 7.16% 440,062 6.60 6.00 1.60 1.45 1.44 1.31 0.2234 0.20   9.98%   -29.73% 30-Jun-2014 1.90 28.79 118.75 8.50 0.84% 0.76% 27-Aug-2014 1.98 30.00 123.75 8.86 0.81% 0.73%
31-Dec-2014 28-May-2014 31-Mar-2014 1 20,593 6,402 6,402 6,402 2,749 96,755 42.96% 31.09% 6.62% 219,999 9.36 4.25 2.91 1.32 1.25 0.57 0.4398 0.20   -40.38%   -28.89% 31-Mar-2014 3.75 40.06 128.87 8.53 0.78% 0.33% 28-May-2014 1.84 19.66 63.23 4.18 1.58% 0.68%
31-Dec-2013 20-Feb-2014 31-Dec-2013 4 30,412 10,772 10,730 10,738 6,601 96,994 61.48% 35.28% 11.07% 220,040 13.82 6.28 4.88 2.22 3.00 1.36 0.4408 0.20   -12.92%   3.47% 31-Dec-2013 2.88 20.84 59.02 6.53 1.69% 1.04% 20-Feb-2014 3.29 23.80 67.42 7.46 1.48% 0.91%
31-Dec-2013 20-Nov-2013 30-Sep-2013 3 35,530 12,398 12,331 12,331 7,693 91,394 62.39% 34.71% 13.49% 219,803 16.16 7.34 5.61 2.55 3.50 1.59 0.4158 0.19   23.06%   20.76% 30-Sep-2013 2.04 12.62 36.36 4.91 2.75% 1.72% 20-Nov-2013 2.50 15.47 44.56 6.01 2.24% 1.40%
31-Dec-2013 27-Aug-2013 30-Jun-2013 2 27,244 10,020 10,020 10,020 6,606 85,885 65.93% 36.78% 11.67% 220,219 12.37 5.63 4.55 2.07 3.00 1.36 0.3900 0.18   11.30%   15.78% 28-Jun-2013 1.86 15.03 40.88 4.77 2.45% 1.61% 27-Aug-2013 1.79 14.47 39.34 4.59 2.54% 1.68%
31-Dec-2013 22-May-2013 31-Mar-2013 1 26,197 9,003 9,003 9,003 5,503 81,225 61.12% 34.37% 11.08% 220,122 11.90 5.41 4.09 1.86 2.50 1.14 0.3690 0.17   -13.25%   12.23% 29-Mar-2013 1.23 10.34 30.07 3.33 3.33% 2.03% 22-May-2013 1.81 15.21 44.25 4.91 2.26% 1.38%
31-Dec-2012 20-Feb-2013 31-Dec-2012 4 24,232 9,959 10,378 10,378 6,596 79,703 63.56% 42.83% 13.02% 219,872 11.02 5.01 4.72 2.14 3.00 1.36 0.3625 0.16   1.64%   -1.68% 31-Dec-2012 1.11 10.07 23.52 3.06 4.25% 2.70% 20-Feb-2013 1.03 9.35 21.82 2.84 4.58% 2.91%
31-Dec-2012 14-Nov-2012 30-Sep-2012 3 35,345 9,861 10,211 10,211 66 75,988 0.65% 28.89% 13.44% 220,064 16.06 7.30 4.64 2.11 0.03 0.01 0.3453 0.16   17.99%   1.38% 28-Sep-2012 1.13 7.04 24.35 3.27 4.11% 0.03% 14-Nov-2012 1.22 7.60 26.29 3.53 3.80% 0.02%
31-Dec-2012 14-Aug-2012 30-Jun-2012 2 23,467 8,724 8,654 8,654 44 70,222 0.51% 36.88% 12.32% 220,203 10.66 4.85 3.93 1.79 0.02 0.01 0.3189 0.15   7.88%   409.96% 29-Jun-2012 1.26 11.82 32.06 3.95 3.12% 0.02% 14-Aug-2012 1.28 12.01 32.57 4.01 3.07% 0.02%
31-Dec-2012 28-May-2012 31-Mar-2012 1 27,062 8,092 8,022 8,022 4,395 73,406 54.79% 29.64% 10.93% 219,780 12.31 5.59 3.65 1.66 2.00 0.91 0.3340 0.15   -24.00%   -28.93% 30-Mar-2012 0.825 6.70 22.60 2.47 4.42% 2.42% 28-May-2012 0.97 7.88 26.58 2.90 3.76% 2.06%
31-Dec-2011 19-Apr-2012 31-Dec-2011 4 32,628 11,356 10,555 10,555 8,795 66,628 83.33% 32.35% 15.84% 219,895 14.84 6.74 4.80 2.18 4.00 1.82 0.3030 0.14   4.80%   - % 30-Dec-2011 0.725 4.89 15.10 2.39 6.62% 5.52% 19-Apr-2012 0.885 5.96 18.44 2.92 5.42% 4.52%
31-Dec-2011 15-Nov-2011 30-Sep-2011 3 33,134 10,072 10,072 10,072 8,590 63,352 85.29% 30.40% 15.90% 214,754 15.43 6.85 4.69 2.08 4.00 1.77 0.2950 0.13   493.52%   - % 30-Sep-2011 0.52 3.37 11.09 1.76 9.02% 7.69% 15-Nov-2011 0.77 4.99 16.42 2.61 6.09% 5.19%
31-Dec-2011 23-Aug-2011 30-Jun-2011 2 8,946 1,697 1,697 1,697 - 1,146,894 - % 18.97% 0.15% 63,085 14.18 1.85 2.69 0.35 0.00 0.00 18.1800 2.37   -84.97%   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 23-Aug-2011 0.66 4.65 24.54 0.04 4.08% 0.00%
31-Dec-2011 05-Jul-2011 31-Mar-2011 1 37,042 11,287 11,287 11,287 - 42,296 - % 30.47% 26.69% 198,017 18.71 7.65 5.70 2.33 0.00 0.00 0.2136 0.09   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2010 31-Dec-2010 4 0 0 0 0 - - - % - % - % - - - 0.00 0.00 0.00 0.00 0.0000 0.00   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2010 30-Sep-2010 3 0 0 0 0 - - - % - % - % - - - 0.00 0.00 0.00 0.00 - -   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2010 30-Jun-2010 2 0 0 0 0 - - - % - % - % - - - 0.00 0.00 0.00 0.00 - -   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  23 people like this.
 
Mredar Long weekend expected..stay cool guys
19/05/2020 12:28 PM
Mredar Next monday close public hday... Tues back ibto action....
19/05/2020 12:29 PM
newbe oo...la...la....
19/05/2020 12:30 PM
RoboTop As I said yesterday....today will test its recent high of 33c. Most likely will break 33c this afternoon.
Good luck guys!
19/05/2020 12:34 PM
newbe support you RoboTop
19/05/2020 12:36 PM
Mredar Yesssss kissing 32¢
19/05/2020 1:19 PM
Mredar Luv u pressbhd..come on press on rocketing
19/05/2020 1:20 PM
Mredar Compete ARBB. Same in Technology
19/05/2020 1:21 PM
Mredar ArBB touching 41¢ before retard back to .36.... Presbhd come on
19/05/2020 1:22 PM
RoboTop 20-DayMA & 30-DayMA have already crossed 50-DayMA ....indicating the share is going to go up further. Yesterday Doji already formed indicating a bullish sign that the stock is going to move up today and possibly test its recent high of 33c. Stochastics and RSI are well below the overbought level. So....technically....PRESBHD is very bullish at the moment.
19/05/2020 1:54 PM
Sinoboy Still no news regarding compensation...
19/05/2020 2:12 PM
deMusangking > 0.33?!
19/05/2020 2:31 PM
Mredar Sinoboy 2 july . Good news
19/05/2020 2:59 PM
Mredar By then pres hovering 45¢ alrady...
19/05/2020 3:00 PM
Mredar Or even 60¢ hahaaa
19/05/2020 3:00 PM
Mredar Overbought...means price looking up..... But marginal players may drag it down a bit support lvl ....
19/05/2020 3:02 PM
Sinoboy Tks Mredar. Hope price up, project reinstated :)))
19/05/2020 3:54 PM
Mredar Hahaaaaaa
19/05/2020 5:00 PM
profitgrow this company actually do what business?
20/05/2020 7:52 PM
PanjiAlam55 No new project, no announcement, no any issue dun know why this share stay stable. Price stable without low drop.. look weird
20/05/2020 8:22 PM
Mredar Why weird?
21/05/2020 8:30 AM
Mredar .Prestariang Seek a Contract Payment of RM732M for the Unilateral Termination of SKIN by Government of Malaysia
15 Apr 2019
Corporate Communications
Press Release
Kuala Lumpur, April 15, 2019 – Prestariang SKIN Sdn Bhd (PSKIN), a subsidiary of Prestariang Berhad today filed a legal claim totalling RM732 million against the Government of Malaysia (GOM) for the GOM’s unilateral termination of the Sistem Kawalan Imigresen Nasional or SKIN project by way of expropriation. This sum payable is calculated based on the contractual formula provided in the CA which had been agreed to by the GOM.

Parties had engaged in a few rounds of negotiations but were unable to reach an amicable settlement on the quantum. As a last resort, the Board of Prestariang is now fiducially obligated and compelled to litigate for its contractual payment.

PSKIN secured a 15-year concession on August 9, 2017 to design, deliver, continuously maintain and provide scheduled upgrades for a new and much improved immigration and border control system for Jabatan Imigresen Malaysia. This would replace the existing Malaysian Immigration System (MyIMMS) but with added functionalities.

Under the Concession Agreement (CA), PSKIN was to receive approximately RM3.5 billion over the 15-year concession period, subject to the entire capital expenditure being privately funded by PSKIN. Payment to PSKIN by the GOM would only commence after SKIN is completely operational.

PSKIN had undertaken extensive technical studies and works on the project since 2014 and substantial amount of expenses have been incurred. PSKIN had also entered into numerous third-party contracts for the purpose of executing the SKIN project.

In its legal claim, PSKIN highlights that the CA clearly spells out the GOM’s obligations in the event the project is unilaterally terminated by way of expropriation. Prestariang wish to reiterate PSKIN has never defaulted on the CA. Despite the agreement for a 15-year concession, the GOM unilaterally terminated the CA by way of expropriation, which took effect on January 22, 2019. PSKIN strongly believes that the CA was fair and reasonable.



Backgrounder

1. In August 2017, Prestariang SKIN Sdn Bhd (PSKIN) signed a 15-year concession agreement (CA) with the Government of Malaysia (GOM) to implement a RM3.5 billion Sistem Kawalan Imigresen Nasional (SKIN) or border protection project.

2. Prior to being awarded the contract, PSKIN had to undergo three years of comprehensive technical, commercial and legal evaluation by Ministry of Home Affairs and other relevant Government agencies including Jabatan Imigresen Malaysia (JIM), Malaysian Administrative Modernisation and Management Planning Unit (MAMPU), Unit Kerjasama Awam Swasta (UKAS), Economic Planning Unit (EPU), Ministry of Finance (MOF) and the Attorney General’s Chambers (AGC).

3. In December 2018, PSKIN received a letter from the Home Ministry confirming the Cabinet’s decision to terminate the SKIN project by way of expropriation. The termination took effect on January 22, 2019.

4. PSKIN is not in default of the CA and is entitled to payment based on the formula set out in the agreement.

5. PSKIN in a media statement dated January 22, 2019 clarified that the key payment terms of SKIN were not financially burdensome to the GOM. PSKIN was to finance, build and operate SKIN for 15 years before transferring it to the GOM.

6. The SKIN project is a self-funded project which could have generated new income and created savings for the GOM.
21/05/2020 8:31 AM
Mredar Thats a huge lot of money panji alam
21/05/2020 8:35 AM
deMusangking wet wet song song
21/05/2020 9:32 AM
RoboTop The time has come......
21/05/2020 9:38 AM
RoboTop See whether can go top 20 vol today.....better still top 10
21/05/2020 9:44 AM
KIRASAF99 awesome counter.. very strong.. thanks presbhd..
21/05/2020 9:45 AM
Mredar Rally is on...tighten your seats belt guys
21/05/2020 9:47 AM
profitgrow dropping ?????? everyone take profit for raya?
21/05/2020 10:43 AM
RoboTop No....a lot of stale bull still in the market....today will break its recent high of 33c and will proceed to break its 1st resistance of 34c.
21/05/2020 10:55 AM
hairy "NEW NORMAL" COVID 19
glove,mask , PPE , delivery services,video conferencing : kossan, Fintec ,AT, supermx , pnepcb ,kgroup ,topglove , Netx ,carepls ,rubberex, lambo , comfort , Hlt, adventa, mlab ,hartalega
21/05/2020 12:08 PM
Mredar Top 30 active counters
21/05/2020 12:29 PM
profitgrow Write a comment.. why we didnt buy it on april? Buy High Sell Higher... now buy macam too expensive already...
21/05/2020 12:30 PM
sowQ be patient ..will come
21/05/2020 2:19 PM
Mredar .Profitgrow..u re telling yourself or whom..... If too expensive. Dn't buy. Thats the market force which determine the price..not me not u the market..... Me too wish time can be rewind to mac if possible... Comee on be rational and talks something achieveable and logic...hahaaaaaa
21/05/2020 3:19 PM
Mredar Last Q...presbhd profit or loser
21/05/2020 3:21 PM
Anonymousss May return to this counter after qr....to risky to hold right now...thank you presbhd !
21/05/2020 3:50 PM
Molly Ngui coming soon
22/05/2020 12:09 AM
zerocool7199 The very last chance for yours to enter cheap
22/05/2020 8:46 AM
Mredar Ayaaaa...its choose to go south...
22/05/2020 3:26 PM
Ncm88 Habis lo all go dsonic
22/05/2020 5:45 PM
Anonymousss Bye haahahah....only hope they can get good amount of compensation
22/05/2020 6:52 PM
davidkkw79 https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3052826
22/05/2020 6:52 PM
Ooi950802 so how? already price in?
22/05/2020 7:53 PM
spielmacher Did i say there will be announcement for SKIN replacement after raya?
Lets hope 700 mil compensation will be announced after raya as well hahahahha
Selamat hari raya robotop n mredar
23/05/2020 7:22 AM
Ncm88 sure or nottttt hahaha
23/05/2020 7:24 AM
Ameera 0.50 & above is still possible now?
23/05/2020 11:18 AM
Twowah123 Ouchhh die young !
23/05/2020 1:58 PM
Ncm88 habis liao robotop also disappear
24/05/2020 8:29 AM
Legend Selamat Hari Raya Aidilfitri.
24/05/2020 8:37 AM