Malaysian businessman Tan sri Halim Saad is believed to be eyeing a controlling stake in loss making container shipping firm PDZ Holdings Bhd to turn the company into his oil and gas flagship,
According to the source, Halim will acquire the block of shares from state owned investment fund Pelaburan MARA Bhd (PMB) which bought a 26.83% stake in PDZ for some RM41 mil or an average 0f 18sen per share.
PMB now has a 30.03% interest in PDZ.

"The crossing of the 30% block will be done in tranches,with the first tranche to be done in the next few days. It will probably be done at a price of of above 18sen per share paid by PMB" the source says.

On Aug 7, PDZ saw heavy trading volume, with 298.4 million shares changing hands to close at 20 sen. Fund managers believe Halim has started to accumulate PDZ on the open market.

Another source familiar with the deal says Halim will inject several of his oil and gas (O&G) units into PDZ to transform the company into an O&G player.

"The first asset injection by Halim will probably be of a profitable offshore service company" he says.

Fund Managers say PMB quick exit from PDZ stems from the fact that the fund stands to reap gains within three months.

The stake PMB acquired in April included that of PDZ's major shareholder Tan sri Robert Tan Hua Choon who sold his 19.13% direct stake.

For the nine months ended March 31, PDZ trimmed its net loss to RM2.4 mil from RM3.64 mil a year ago,despite posting a lower revenue of RM116.2 mil from RM151.5 mil.

Yahooooo ..PDZ will be younger brother of SUMATEC

Malaysian businessman Tan sri Halim Saad is believed to be eyeing a controlling stake in loss making container shipping firm PDZ Holdings Bhd to turn the company into his oil and gas flagship,
According to the source, Halim will acquire the block of shares from state owned investment fund Pelaburan MARA Bhd (PMB) which bought a 26.83% stake in PDZ for some RM41 mil or an average 0f 18sen per share.
PMB now has a 30.03% interest in PDZ.

"The crossing of the 30% block will be done in tranches,with the first tranche to be done in the next few days. It will probably be done at a price of of above 18sen per share paid by PMB" the source says.

On Aug 7, PDZ saw heavy trading volume, with 298.4 million shares changing hands to close at 20 sen. Fund managers believe Halim has started to accumulate PDZ on the open market.

Another source familiar with the deal says Halim will inject several of his oil and gas (O&G) units into PDZ to transform the company into an O&G player.

"The first asset injection by Halim will probably be of a profitable offshore service company" he says.

Fund Managers say PMB quick exit from PDZ stems from the fact that the fund stands to reap gains within three months.

The stake PMB acquired in April included that of PDZ's major shareholder Tan sri Robert Tan Hua Choon who sold his 19.13% direct stake.

For the nine months ended March 31, PDZ trimmed its net loss to RM2.4 mil from RM3.64 mil a year ago,despite posting a lower revenue of RM116.2 mil from RM151.5 mil.

What so special about Asuprem?

still standing strong..KLCI down 29 points ..PDZ still 0.205, imagine when KLCI is positive!!

Ni mesti good qtr report coming soon ni..

wooi eric lu pun ada sini ka..sumatec up pdz up...walaweii

Uncle..i see support will be 0.19 kompom punya la bcoz of high volume penetration...ganas macam 1st night kawin kikikiki

Resistance broken at 0.19 with high volume...hopefully this will be new support...Go ..Go.. PDZ to uncharted water!!!

no wonder his name is invester not investor lor..hahahah

Invester..u think MARA in PDZ for 1 sen Contra...u r funny dude!!

Ini baru betul mau jadi adik Marubuzo

pandai pandai ko cakap marubuzo...mana ko belajar? hahaha

Recent development of Langat 2 news on friday maybe kickstart AZRB price kot this monday.....jeng jeng jeng

Whatever u call eric ....as long Sumatec gives us hard erection the whole week and beyond hehehe

Prepare for Sumatec superbull next week starting this monday since people are avoiding blue chips due to global volatility -Small caps will be hot cake!!!!!! Go go Sumatec

Description of Yanyana by HHakim is priceless

Poorman ....hahaha ye lah...lama gua tido dlm gua....bangun2 sumatec dah 40+ hehehe

Relax dreamhunter ni Ambz bukan Anbz kot...Anbz cakap ada mereng sikit mcm Sundarji...jangan gado2 ......Anbz & Sundarji baru ok kalau mau hantam!! Seriously i miss Yanyana

Dreamhunter...wheres our old friends sundarji,anbz & yanyana? Any clues? Want to propose to them to massage job for my foot..1k each ...LOL

1.20- i will let go 1/2 from my investment..dont be like chief financial officer Roshidah Abdullah sold her entire 20 million shares @0.308...thats a really fucked up strategy man LOL

For sumatec -swing trading is not applicable..u will miss the bus, since we are anticipating lotsa gud news ahead...once stabilized in 2018 , than can do swing trade la if still interested in Sumatec...

Tu la Dreamhunter just sit tight masuk freezer ..no need to go in & out..i will cash out when my TP is already triple at least.

I miss YANYANA & ANBZ tooo..where are they..come out and play!!

Yes strategist..after all the curses with air karat la..useless stock la..etc..and that sundarji dude must be eating his brain out rite now...oooi sundarji..Just please massage my foot i will give u RM1k ! seriously... hahahhaa

sudah hilang itu sundarji ka kengfp..ingat mau hire dia cuci gua punya kaki..tak sempat lah..aiyaaaa

hhahahahhaa..atuk kaya atuk kaya...oooi sundarji!!! atuk kaya atuk kaya

I wonder where sundarji is rite now...aiyo tambi im already 1/2 million in paper profit la...come out and play ..sundarji..

Rilekla Sarifah...lembut tu maknanya nak recover la tu...sat lagi naik la...sabor sikit ..awat gelojoh sangat

nordinmohd ..i believe u r high on daun ketum..

Concur with craptree....what Reach got to do with PDZ? ..Too much hari raya cookies is it?

who gives a hoot u r buying or not buying..

morale of the story ..Dont deal with Mafia connection company

well supported? its called downtrend now la....

TSRcap...worthless shit

Not worth to collect..

PDZ Last Qtr report in green , EFOGEN O&G in profit for 2 consequtive years..PDZ price will go up sooner or later 016.5 is still considered cheap to buy!!! buy when in accumulation period..once next news will be announced , u will miss this bus..!!!!

Tedd Tan..reserve psychology isnt it..?want to get cheaper price eh?..0.165 is already strong support..even PMB bought at 0.18..Efogen O&G co is already done deal..what bullshit are u talking about??

Ahmad Albab la ini company...

helmi3112..u high on daun ketum ka..since when yesterday closed at 0.695

Rahman & Jamal Yusoff sudah kenyang ma...Letak IPO price high high

Averaging down? IPO price already high ..cut loss la before 1.55

TP = 1.55

Run, Forrest, run! Run, Forrest, run!... back to original FV of 1.50-ish same like other OSV players.. Jamil & rahman brothers con u all big time

What chick magnets & fast ferraris factors got to do with PDZ?

What kind of contra strategy when u bought 0.165 sold 0.165?

Craptree..cut loss strategy .?...more like confused strategy to me

What kind of strategy is this Ameera?

I CON U

What goes up must come down i agree with u Luo Li ,,,hahahaha