Follow Kim's Stockwatch!
WORTH TO SEE THIS INCOMING POWERFUL STOCK!!!
WANT TO BE A SPARTAN?
Click here https://www.telegram.me/kimstock for more details.
DATE: 12 DECEMBER 2017
----------------------------------------------------------
THE STOCK : PWORTH -
Priceworth International Berhad
----------------------------------------------------------
Current Price : 0.24 cts
Target Price : +++ 0.30 cts
----------------------------------------------------------
WHAT KIM SAY?
----------------------------------------------------------
"It look great and the rumors will make it cross 0.28 line and test 0.30 range before going massive soonest to hit my target (release soon) -..Good luck! " - Kim Spartan
---------------------------------------------------------
THE PROFILE
---------------------------------------------------------
Priceworth International Berhad - An investment holding company,is engaged in the manufacture and sale of processed wood products primarily in Malaysia. It is also engaged in the trading of logs, provision of wood processing services, and timber extraction. The company's products include sawn timber, kiln dried timber, moulding profile products, finger joint products, timber flooring, bare core boards, hardwood pallets, chemically treated timber and poles, wooden doors and window frames, plywood, and veneer. In addition, it is engaged in construction and land development activities, as well as rental of kiln dry machines. The company sells its products in Japan, China, and South Korea, as well as exports to Taiwan, Singapore, Thailand, and the Philippines. Priceworth is headquartered in Sandakan, Malaysia.
The Company’s primary business includes the manufacturing and sale of processed wood products, timber extraction, distribution and trading, wood processing services and rental of kiln dry machines. Recently PWIB has also diversified into construction and land development.
PWIB’s products include: -
Plywood, veneer
Sawn timber
Bare core board
Fingerjoints
Moulded timber
Wooden doors and window frames
Fire Door
Round logs
International Markets
PWIB has undertaken negotiations to acquire concessions abroad in a bid to entrench its position in the international arena.
Currently, the Company’s sales are mainly generated by Japan, China and South Korea with the former two being the main markets and accounting for a major portion of its turnover.
PWIB also exports to Taiwan, Singapore, Thailand and Philippines. As a result of recent acquisitions, an expanded clientele in South Korea, Taiwan, China, Japan as well as new cross-selling opportunities have since emerged. The Company has also initiated inroads into other parts of the world including Europe and the US.
---------------------------------------------------------
THE KEYNOTE
---------------------------------------------------------
JAN 2017
PWORTH - Sabah-based timber manufacturing outfit Priceworth International Bhd announced that it has fixed the second and final tranche of its placement shares at 10 sen per share.
PWORTH - Wood products manufacturer Priceworth International Bhd has garnered the attention of RHB Group founder Tan Sri Abdul Rashid Hussain, who is committing to take up a 6.4% stake in the enlarged share capital of the company via a special issuance of new shares.
MAR 2017
PWORTH - Priceworth International Bhd (PWI) has filed an application to be listed on the Main Market of Bursa Malaysia
MAY 2017
PWORTH - Priceworth International Bhd's wholly-owned subsidiary Sinora Sdn Bhd (SSB) will immediately start logging operations within Sabah's Forest Management Unit 5 (FMU5) in Trus Madi following the approval of the state's authorities.
JUN 2017
PWORTH - Maha Gayabina Sdn Bhd, whose director and shareholder includes Tengku Badrul Hisham Tengku Mohd Salim, has become timber group Priceworth International Bhd’s largest shareholder with a 15% stake.
PWORTH - Priceworth International Bhd’s share price jumped 12.5% yesterday as the group forecast RM100 million earnings for the financial year ending June 30, 2018 (FY18).
SEP 2017
PWORTH - Maha Gayabina Sdn Bhd, whose director and shareholder includes Tengku Badrul Hisham Tengku Mohd Salim, has become timber group Priceworth International Bhd’s largest shareholder with a 15% stake.
OCT 2017
PWORTH - Priceworth International Bhd said the third forest management plan for a forest management unit in Trus Madi, Sabah it is seeking to acquire has been approved. Priceworth said the approval by the Sabah Forest Department was accepted by Anika Desiran Sdn Bhd (ADSB), which owns the rights to manage, replant and harvest the Forest Management Unit No 5 (FMU5).
Through its Singapore subsidiary GSR Pte Ltd, Priceworth is seeking to acquire ADSB and FMU5 from Transkripsi Pintar Sdn Bhd for RM260 million.
NOV 2017
PWORTH - Sandakan-based Priceworth International Bhd said the market value for Forest Management Unit No 5 (FMU5) has been raised by 15% to RM448.87 million from the previous valuation of RM390 million for the 10-year period from 2017 to 2027. The valuation is also 73% higher than the consideration of RM260 million as announced on Oct 19, 2016, it added.
PWORTH - Priceworth International Bhd has proposed to place out new shares to third party investors to be identified later to raise up to RM20.4 million mainly for working capital. Priceworth said the private placement will involve up to 93.07 million new shares or 10% of its total number of issued shares at an issue price to be determined and announced later.
PWORTH - Sandakan-based Priceworth International Bhd may pay RM30 million, or 11.5%, less than the RM260 million purchase consideration for Forest Management Unit No 5 (FMU5), under a variation to the sale and purchase agreement (SPA). The timber group said the discount is part of a cash option granted by the vendor of FMU5 — Transkripsi Pintar Sdn Bhd — in consideration of Priceworth agreeing to modify the payment schedule for the balance deposit of RM10 million and making an advance payment.
PWORTH - RHB Group founder Tan Sri Abdul Rashid Hussain has upped his stake in Priceworth International Bhd to 6.27%, after buying an additional 15 million shares or 1.56% via a private placement. According to Priceworth executive director Richard Koo, Rashid has taken up just over half of the first tranche of the private placement offering, involving 28.86 million new shares or 3% of the group's enlarged share capital, at 22.5 sen each.
---------------------------------------------------------
THE FINANCIAL
---------------------------------------------------------
Regards,
Kim Stockwatch
Telegram : https://www.telegram.me/kimstock (Real live time trading)
Or Join Elite Spartan Group Traders (SGT)
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on Follow Kim's Stockwatch!
Tech Stocks Capable Of Mounting A Comeback And Rally Soon - Kim's Stockwatch
Created by sparta | Mar 20, 2022
Featured Posts
Get Your NVDA Share by Opening a Moomoo Account*!
MQ Trading Signals
Time
Signal
Duration
Type
2024-05-06 16:50:00
ADX
5 Mins
BUY
2024-05-06 16:00:00
EMA 5
Hourly
SELL
2024-05-06 15:30:00
EMA 5
30 Mins
SELL
2024-05-06 15:30:00
EMA 5
10 Mins
SELL
2024-05-06 15:15:00
EMA 5
5 Mins
SELL
Apps
Top Articles
1
save malaysia!
2
Good Articles to Share
3
THE INVESTMENT APPROACH OF CALVIN TAN
4
5
6
save malaysia!
7
8
南洋行家论股
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
