Loss from 11th street is lessen based on Qr.

https://www.thestar.com.my/business/business-news/2019/01/12/total-says-french-palm-oil-curb-threatens-biofuel-facility/

European felt threatened by Palm oil huge contribution to green energy , hence kick the canola oil and their local production aside.

PUC building streams of income and this is good foundation for a development of a company. I even ask my Driver to buy lol

Dnonce chairman is also chairman for Fintec and Netx

TheContrarian, I keep adding from 10

Money business story. PUC---->Wealth Pursuits--->CHIYO----> YAPEEM

TheContrarian, glad the reasonable people like you still here. Today, read PUC signed MOU with Chiyo Asset Management KK to help obtain institutional capital as a source of funding to grow its financial services business.

PUC said Wealth Pursuit is “desirous of collaborating with Chiyo to obtain institutional capital to grow its financial services business”.

So, PUC through Wealth Pursuit get Chiyo to grow their funds, also to allow YAPEEM to borrow money from Wealth Pursuit?

Sounds like a good source of stream income for PUC.

Need to read details of this.

More and more naysayers are coming into PUC forum. This is interesting.

PUC 又要收购picturework 用1.5亿 哪里有钱，肯定要发行多50%新股

haha, what a ridiculous thing

Crude oil business is not a good business anymore.

Wah... please drop back Fgv...cry

POS is giant. Don't expect it to tumble.

Looks like demand over supply.

cytew We anticipate Pictureworks will float sometimes 2020/2021
11/01/2019 09:42

WHAT DO YOU MEAN IT WILL FLOAT?

Looks like PUC have plenty of eyeing on the stock.

so far, I have not asked for spooned information so far.

Pewuf, I have done mine, please be polite when you comment online.

YapJH, so, what is your conclusion? You wrote very lengthy, but what information you want us to know here? Is it A) PUC bad, dont buy ; or B) BUY?

I'm a conclusive person. No need turn one big round.

Funda, thank you very much. Use of English vocabularies is important. Everybody's Enlgish is different. lol

Looks like my good friend, dam82, already run away lol

when our pokok sawit being lobbyist by EU, it means, they are lucrative.

market is very excited with Tun M on writing letter to EU. Hebat Tun M!

funda @YapJH, please read through the QR page 11.. last paragraph on Review of Performance:
" The Group’s investment in its’ associated company, Pictureworks Holdings Sdn. Bhd., contributed profit of RM3.20 million in the period under review. However, this is offset by the loss arising from the Group’s investment in Celcom Planet Sdn Bhd of RM0.40 million during the current quarter"

If you calculate the losses, total monthly loss from 11street was 1.33mil per month in last qtr (assume 10% owned by PUC)... which is not far away from cytew comment...

Yes, you are right. PUC management has done superb cost cutting cost on 11street after they taking over the management in less than few months, proven by the QTR... Furthemore, despite the aggressive cost cutting on 11street, the users traffic on their site are actually rebound after decreasing for few continuous months....
10/01/2019 13:42


@Funda,cytew mentioned it's 100k permonth, no? 1.33 mil losses permonth is different by 1.23mil, fren

what can 11th street provide when it's not generating profit? I wish to know what is the company real direction in acquiring IT related technologies

Then they should sell off 11th street. No point keeping it as it's losing 100k monthly.

Shhhhhhhhhhhhhhhhhh lol

Teresa sister is doing a good job

Some volumes coming in.

All bankers will opt for e-digitals and no more you and I queuing at the banks, no more prime banking anymore, no more papers deliver to you, no more paying RM0.50 and RM0.20 for each transactions.

Expect full utilization and dependence on your smart phone.

Venfx, why? not halal? lol

got cashflow of 37mil is not strong enough. They need to show result.

Presto wallet if you observed; is like groupon strategy. But more expensive

goody99, stop twisting the comment and deleted it. Best don’t comment please.

Fintec invested into Netx, Mlab which cater e-pay service app. I yet to see the progress of the appz.

where is my good bro, dam82?

goody99, if your friend called up and asked and the answer is another loss, POS will get query for insider trading

Thank you for the add on ran777rpt & cytew, not forget sonyx123. The 2 sides of one that against PUC AND one with PUC.

TODAY was a good day for KLCI. Most stocks have rallied including small & big caps. Except PUC.

I still need to see the " promised" earning of PUC. C3 yet to show us PW worthy of acquiring. The interesting component of PW is the face recognition tech. I read this tech will be big in securities. How big...contributed from PW, yet to know.

I'm anticipating the profit guarantee to materialise, hopefully soon.

Mlab is finance technology as they embark in developing electronic pay systems. I still not seeing the results from their E pay systems.

Mlab not attractive?

IOT is here. Where are u Netx?

Looks like POS can easily break 2.00

sonyx123, my comment unacceptable ? Lol

Don't get me wrong brother. I'm holding PUC much higher than most of you. I'm not afraid to announce I have 1 mil over lots of shares which posted red report on my portfolio. Micro loans have mitigated risks if loans are defaulted without gov guarantee. The structure deduction from employees salary or as such, need to find out more. I have no clue on this. This is first time PUC signed MOU with government.

My concern on PUC more on PW. I wish to know how they are going to service the 165mil acquisition.

The Contrarians, providing business to gov employees is a serious business. Don't think it's looking good. Gov employees debts can get very high and cause default. I hope PUC have done the extra homeworks on Yapeem.

If you bought PUC based on TA, best to express your TA opinion instead of sugarcoating it with FA.

FA for PUC still far fetched. I'm still not convinced until the next Qr is proven with higher profits.

FGV please don't go up. Please go down still LOL, I need to buy more.

TheContrarians, as long they are not aborting the MOU like previous some of the MOUs they didn't have any progress, for this one, then is OK.

The Parties hereto agree to collaborate and work together which WPSB shall
be the exclusive partner for the Programs (as defined herein) for the period of
two (2) years, with an option to renew for a further period of two (2) years,
subject to terms to be mutually agreed upon (“MOU Objective”):

(i) WPSB shall work with YAPEM to provide micro financing to YAPEM
members, and YAPEM shall facilitate all operations to implement the
deduction of salary program to manage respective YAPEM members’
repayment of the said micro financing to WPSB (“Programs”);

(ii) YAPEM shall appoint WPSB or any of PUC’s nominated subsidiary to
develop an automated system as a platform for YAPEM and its members
to participate in the Programs; and

(iii) YAPEM shall work together with WPSB to ensure the Programs are
deployed in a controlled environment on selected trading platforms only
to help YAPEM members to spend their financing responsibly.

Wealth Pursuit is a financial services arm of PUC which is principally engaged in the businesses of money lending, trading of financial products, selling of software solution related to financial products business, insurance agency and provision of training.

Shares of PUC closed unchanged today at 11 sen with a market capitalisation of RM211.27 million


who do they sell the shares to? YAPEM?

Friday, 4 Jan 2019

6:32PM
PUC MEMORANDUM OF UNDERSTANDING

5:28PM
PUC CHEONG CHIA CHOU (60,000,000 units Disposed)

5:28PM
PUC REDHOT MEDIA INTERNATIONAL LIMITED (60,000,000 units Disposed)

5:28PM
PUC RHM LTD (60,000,000 units Disposed)

5:28PM
PUC RESOURCE HOLDING MANAGEMENT LIMITED (60,000,000 units Disposed)

5:28PM
PUC CHEONG CHIA CHOU (60,000,000 units Disposed)

China can’t wait to transfer their businesses out from China to Asia. I heard some China companies are transferring their orders to Asean countries.

FGV have plenty of room for diversification from argricultural to manufacturing businesses. The are versatile despite the poor management and corruption before. Those are the days. The new FGV is coming onto place. Foresee will be a better tomorrow for FGV