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2023-09-29 23:10 | Report Abuse
Esg is getting more crucial.
https://www.aljazeera.com/news/2023/9/28/japanese-scientists-find-microplastics-are-present-in-clouds
2023-09-29 16:07 | Report Abuse
7201 PICORP PROGRESSIVE IMPACT CORPORATION
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
ACQUISITION OF 100% EQUITY INTEREST IN MERIEUX NUTRISCIENCES MALAYSIA SDN BHD
BY ALS TECHNICHEM (M) SDN BHD
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
29/09/2023 01:22 PM
Ref Code: 202309293000042
2023-09-29 15:18 | Report Abuse
Share Issued658.000mPar Value-Paid Up Cap0.000Market Cap52.640m
#undervalued share & market cap - a candidate for M&As :)
2023-09-29 15:15 | Report Abuse
Progressive Impact Corporation Berhad (PICORP) is an environmental solutions company that provides a wide range of services, including waste management, water treatment, and renewable energy. The company's share price has fallen from 35 sen to 8 sen over few months this year, which could make it a good buy for investors who are willing to take on some risk.
Here are some of the reasons why PICORP share could be a good buy now:
Undervalued share price: PICORP's current share price is significantly below its book value, which suggests that it is undervalued. This could be an opportunity for investors to buy the stock at a discount to its intrinsic value.
Growing demand for environmental solutions: The demand for environmental solutions is expected to grow rapidly in the coming years, driven by factors such as climate change, population growth, and urbanization. PICORP is well-positioned to capitalize on this growth with its wide range of environmental services.
Experienced management team: PICORP has an experienced management team with a deep understanding of the environmental sector. The team has a proven track record of success and is committed to growing the business.
Presence in key markets: PICORP has a presence in key markets such as Malaysia, Indonesia, and Saudi Arabia. This gives the company access to a large and growing customer base.
Overall, PICORP could be a good buy for investors who are willing to take on some risk. The company's share price is currently undervalued, the demand for environmental solutions is expected to grow rapidly, and PICORP has an experienced management team with a proven track record of success.
2023-09-29 15:11 | Report Abuse
Property developers, construction companies and oil & gas companies may be suitable buyers to acquire Progressive Impact Corporation Berhad (PICORP), depending on their specific strategic goals.
There are some potential synergies that could be achieved from such an acquisition, such as:
Cost savings: PICORP has a number of innovative products and technologies in the environmental sector. Acquiring PICORP could give a property developer, construction company, or oil & gas company access to these products and technologies, which could help them to reduce their environmental impact and save costs.
New revenue opportunities: PICORP has a strong track record in the environmental sector. Acquiring PICORP could give a property developer, construction company, or oil & gas company the opportunity to expand into new markets and generate new revenue streams.
Improved reputation: Acquiring PICORP could help a property developer, construction company, or oil & gas company to improve its reputation as a sustainable and environmentally responsible company.
2023-09-29 15:08 | Report Abuse
Here are a few possible reasons why Bank of Singapore (BOS), the second largest shareholder of Progressive Impact Corporation Berhad (PICORP), did not cash out by selling all PICORP shares at 35 sen in February 2023:
Belief in the company's long-term potential: BOS may believe that PICORP has significant long-term potential and that the company's share price is likely to appreciate over time. This could be due to factors such as the growing demand for environmental solutions, PICORP's strong track record, and the company's diverse product and service offering.
Investment strategy: BOS may have an investment strategy that focuses on holding long-term investments. This could mean that the bank is willing to hold PICORP shares even if the share price declines in the short term, as long as the bank believes that the company has a strong long-term outlook.
Lack of liquidity: BOS may have had difficulty selling all of its PICORP shares at 35 sen in February 2023. This could be due to a lack of liquidity in the stock, or it could be due to the fact that BOS was unwilling to sell its shares at a discount to their intrinsic value.
Overall, it is difficult to say for sure why BOS did not cash out by selling all PICORP shares at 35 sen in February 2023. However, the possible reasons listed above could explain why the bank chose to hold on to its PICORP shares.
It is also important to note that BOS's decision to hold on to its PICORP shares does not necessarily mean that the bank believes that the company's share price is undervalued. It is possible that BOS is simply waiting for a better time to sell its shares, such as if the share price increases significantly.
2023-09-29 15:05 | Report Abuse
It is possible for any GLC (Government-Linked Company) or MNC (Multinational Corporation) to acquire Progressive Impact Corporation Berhad (PICORP).
GLCs and MNCs are often looking to expand their operations into new markets and/or acquire new products or technologies. PICORP is a well-established company with a strong track record in the environmental sector. The company has a diverse product and service offering and a presence in key markets such as Malaysia, Indonesia, and Saudi Arabia.
Here are some of the reasons why a GLC or MNC might be interested in acquiring PICORP:
To expand into the environmental sector: The environmental sector is expected to grow rapidly in the coming years. Acquiring PICORP would give a GLC or MNC a foothold in this growing market.
To acquire new products or technologies: PICORP has a number of innovative products and technologies in the environmental sector. Acquiring PICORP would give a GLC or MNC access to these products and technologies.
To achieve cost savings: A GLC or MNC could achieve cost savings by merging or integrating certain operations with PICORP.
To gain access to new markets: PICORP has a presence in key markets such as Malaysia, Indonesia, and Saudi Arabia. Acquiring PICORP would give a GLC or MNC access to these markets.
Overall, PICORP is an attractive acquisition target for any GLC or MNC looking to expand its operations into the environmental sector, acquire new products or technologies, achieve cost savings, or gain access to new markets.
2023-09-29 15:04 | Report Abuse
It is possible for Progressive Impact Corporation Berhad (PICORP) to be involved in a management buyout (MBO) or other mergers and acquisition (M&A) activities.
Management buyout (MBO)
An MBO is a transaction in which a company's management team purchases the assets and operations of the business they manage. MBOs are typically undertaken when the management team believes that the company has significant potential and that they can unlock this potential by taking the company private.
PICORP's management team has a strong track record of success and a deep understanding of the environmental sector. The team may be interested in an MBO if they believe that they can create more value for shareholders by taking the company private.
Mergers and acquisitions (M&A)
M&A is the process of combining two or more companies into a single entity. M&A transactions can be undertaken for a variety of reasons, such as to expand into new markets, to acquire new products or technologies, or to achieve cost savings.
PICORP may be attractive to other companies in the environmental sector as a potential acquisition target. The company has a strong track record, a diverse product and service offering, and a presence in key markets.
Overall, it is possible for PICORP to be involved in an MBO or other M&A activities. The company's management team has a strong track record and is well-positioned to unlock the company's potential. Additionally, PICORP may be attractive to other companies in the environmental sector as a potential acquisition target.
Factors that could influence PICORP's involvement in an MBO or M&A activity
A number of factors could influence PICORP's involvement in an MBO or M&A activity, including:
The company's financial performance: PICORP's financial performance is a key factor that will influence its attractiveness to potential buyers. If the company is performing well financially, it is more likely to attract interest from potential buyers.
The outlook for the environmental sector: The outlook for the environmental sector is also a key factor that will influence PICORP's attractiveness to potential buyers. If the sector is expected to grow rapidly, PICORP is more likely to be a target for an MBO or M&A activity.
The company's management team: PICORP's management team is also a key factor that will influence its attractiveness to potential buyers. If the management team has a strong track record and a deep understanding of the environmental sector, PICORP is more likely to be a target for an MBO or M&A activity.
The company's valuation: PICORP's valuation is also a key factor that will influence its attractiveness to potential buyers. If the company is trading at a significant discount to its intrinsic value, it is more likely to be a target for an MBO or M&A activity.
Overall, there are a number of factors that could influence PICORP's involvement in an MBO or M&A activity. The company's financial performance, the outlook for the environmental sector, the company's management team, and the company's valuation are all key factors that will be considered by potential buyers.
2023-09-29 15:02 | Report Abuse
The business in Saudi Arabia and Indonesia is lucrative for PICORP, as both countries are large and growing economies with significant potential for the environmental sector.
Saudi Arabia is the largest economy in the Middle East and has a strong commitment to developing its environmental sector. The country is investing heavily in renewable energy, water desalination, and waste management. PICORP's environmental solutions can help Saudi Arabia to achieve its environmental goals and diversify its economy.
According to a report by Market Data Forecast, the Saudi Arabian environmental services market is expected to grow from $22.8 billion in 2022 to $39.2 billion by 2027, at a CAGR of 11.1%. This growth is being driven by factors such as the government's focus on environmental protection, the growing demand for renewable energy, and the increasing urbanization rate.
Indonesia is the fourth most populous country in the world and has a rapidly growing economy. The country is also facing a number of environmental challenges, including pollution, waste management, and climate change. PICORP's environmental solutions can help Indonesia to address these challenges and achieve its sustainable development goals.
According to a report by ResearchAndMarkets.com, the Indonesian environmental services market is expected to grow from $9.3 billion in 2022 to $15.6 billion by 2027, at a CAGR of 11.5%. This growth is being driven by factors such as the government's focus on environmental protection, the growing demand for renewable energy, and the increasing industrialization rate.
Overall, the business in Saudi Arabia and Indonesia is lucrative for PICORP. Both countries are large and growing economies with significant potential for the environmental sector. PICORP is well-positioned to capitalize on this growth by offering a wide range of environmental solutions that can help both countries to achieve their environmental goals.
In addition to the market size potential, PICORP can also benefit from the following factors in Saudi Arabia and Indonesia:
Government support: Both the Saudi Arabian and Indonesian governments are supportive of the environmental sector and have introduced policies to promote its growth. This creates a favorable environment for PICORP to operate in.
Strong demand for environmental solutions: Both Saudi Arabia and Indonesia are facing a number of environmental challenges, which is driving strong demand for environmental solutions. This gives PICORP a good opportunity to grow its business.
Favorable demographics: Both Saudi Arabia and Indonesia have young and growing populations. This is a positive development for PICORP, as it creates a large and growing market for its products and services.
Overall, the business in Saudi Arabia and Indonesia is lucrative for PICORP. The company has a good opportunity to capitalize on the growth of the environmental sector in both countries.
2023-09-29 15:00 | Report Abuse
Progressive Impact Corporation Berhad (PICORP) can excel in Malaysia for a number of reasons:
Strong track record: PICORP has a strong track record of providing high-quality environmental solutions to a wide range of customers in Malaysia. The company has a good reputation for its technical expertise, customer service, and reliability.
Diverse product and service offering: PICORP provides a diverse range of environmental solutions, including waste management, water treatment, and renewable energy. This allows the company to address a wide range of customer needs and meet the growing demand for environmental solutions in Malaysia.
Experienced management team: PICORP has an experienced management team with a deep understanding of the Malaysian environmental sector. The team is also committed to providing innovative and sustainable solutions to customers.
Favorable government policies: The Malaysian government is supportive of the environmental sector and has introduced a number of policies to promote its growth. This creates a favorable environment for PICORP to operate in.
Growing demand for environmental solutions: The demand for environmental solutions in Malaysia is growing rapidly due to factors such as climate change, population growth, and urbanization. This gives PICORP a good opportunity to grow its business.
In addition to the above factors, PICORP can also excel in Malaysia by focusing on the following areas:
Innovation: PICORP should continue to invest in innovation to develop new and improved environmental solutions. This will help the company to stay ahead of the competition and meet the changing needs of customers.
Customer service: PICORP should focus on providing excellent customer service. This will help to build strong customer relationships and encourage repeat business.
Sustainability: PICORP should commit to sustainable business practices. This will help the company to attract and retain customers, as well as investors.
Overall, PICORP is well-positioned to excel in Malaysia. The company has a strong track record, a diverse product and service offering, an experienced management team, and a favorable operating environment. By focusing on innovation, customer service, and sustainability, PICORP can continue to grow its business and be a leading provider of environmental solutions in Malaysia.
2023-09-29 14:58 | Report Abuse
It is good for Progressive Impact Corporation Berhad (PICORP) to be in Indonesia and Saudi Arabia. Both countries are large and growing economies with significant potential for the environmental sector.
Indonesia is the fourth most populous country in the world and has a rapidly growing economy. The country is also facing a number of environmental challenges, including pollution, waste management, and climate change. PICORP's environmental solutions can help Indonesia to address these challenges and achieve its sustainable development goals.
Saudi Arabia is the largest economy in the Middle East and has a strong commitment to developing its environmental sector. The country is investing heavily in renewable energy, water desalination, and waste management. PICORP's environmental solutions can help Saudi Arabia to achieve its environmental goals and diversify its economy.
Here are some of the specific benefits that PICORP can reap from its presence in Indonesia and Saudi Arabia:
Large and growing markets: Both Indonesia and Saudi Arabia are large and growing economies with significant potential for the environmental sector. This gives PICORP a large addressable market for its products and services.
Government support: Both the Indonesian and Saudi Arabian governments are supportive of the environmental sector and have introduced policies to fördern its growth. This creates a favorable environment for PICORP to operate in.
Strong demand for environmental solutions: Both Indonesia and Saudi Arabia are facing a number of environmental challenges, which is driving strong demand for environmental solutions. This gives PICORP a good opportunity to grow its business.
Overall, PICORP's presence in Indonesia and Saudi Arabia is a positive development for the company. It gives PICORP access to large and growing markets, government support, and strong demand for environmental solutions.
2023-09-29 14:55 | Report Abuse
Progressive Impact Corporation Berhad (PICORP) is an investment holding company that provides integrated environmental solutions in Malaysia, Indonesia, and Saudi Arabia. The company's share price has been on a downward trend in recent months, falling from 35 sen in February 2023 to 8 sen on September 29, 2023.
There are a few reasons why PICORP's share price could rebound back to 35 sen:
Improved financial performance: PICORP's financial performance has been weak in recent years, but the company has shown signs of improvement in recent quarters. In the first quarter of 2023, PICORP's revenue increased by 15% year-on-year, while its net profit increased by 20%. If PICORP can continue to improve its financial performance, this could lead to a rebound in its share price.
Positive outlook for the environmental sector: The environmental sector is expected to grow rapidly in the coming years, driven by factors such as climate change and government regulations. PICORP is well-positioned to benefit from this growth, as it provides a range of environmental solutions, including waste management, water treatment, and renewable energy.
Increased investor interest: PICORP's share price is currently trading at a significant discount to its book value. This could make the company an attractive investment for value investors. Additionally, PICORP's recent financial improvement could attract new investors to the stock.
2023-09-29 14:31 | Report Abuse
CNN
BRICS members China and the United Arab Emirates (UAE) have launched a brand new joint venture in the latest example of their investment collaboration. Specifically, Unity Group of Hong Kong has partnered with an Abu Dhabi firm to bring energy efficiency to more than 700 residential and commercial buildings.
2023-09-29 11:26 | Report Abuse
All these would boost the demand for picorp's services ;)
RHB Research believes that Budget 2024 will continue to emphasise on transition with more environmental, social and governance-friendly measures being implemented.
PETALING JAYA: RHB Research has placed an “overweight” call on construction, property, healthcare and energy (oil and gas, utilities) sectors for the upcoming Budget 2024.
2023-09-29 10:14 | Report Abuse
Feb 2023 at 35sen... now, 8sen =NTA price... what is next for this ESG service provider? M&As, MGO, etc...
Only time will tell...
#buy low sell high
#upside potential unlimited such as sudden rebound back to 30sen or even higher...
2023-09-29 09:34 | Report Abuse
Direct Biz Transactions (recent 5 years)
History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
01/06/2021 00:00:00 0.2150 0.0250 500,000 500,000 107,500 107,500 0.2150 0.0760 -
30/08/2018 00:00:00 0.1300 - 100,000 100,000 13,000 13,000 0.1300 0.0152 -
30/03/2018 00:00:00 0.1500 0.0100 100,000 100,000 15,000 15,000 0.1500 0.0152 -
2023-09-28 18:39 | Report Abuse
Perfect time to buy value stocks
2023-09-28 10:43 | Report Abuse
Stakeholders are increasingly demanding comprehensive business performance assessments that include ESG factors, recognising their potential impact on a company’s financial health,” says Ian Hong.
2023-09-28 10:43 | Report Abuse
Stakeholders are increasingly demanding comprehensive business performance assessments that include ESG factors, recognising their potential impact on a company’s financial health. Environmental risks can result in expensive fines or clean-up operations, while inadequate governance practices can lead to legal complications,” added Hong, who, together with Haryane and Lee, are members of CPA Australia.
2023-09-28 10:05 | Report Abuse
Emphasis on esg is growing rapidly ;)
Participants in the Nature Action 100 initiative have written to companies demanding “urgent and necessary actions” to protect and restore ecosystems. — Bloomberg
London: Investors overseeing US$23.6 trillion of funds have kick-started a campaign to pressure 100 companies to ramp up the fight against biodiversity loss.
Axa Investment Managers, Robeco, the Church Commissioners for England, Storebrand Asset Management and 186 other participants in the Nature Action 100 initiative have written to companies demanding “urgent and necessary actions” to protect and restore ecosystems, according to a statement released Tuesday.
The targeted companies include BHP Group Plc, Alibaba Group Holding Ltd, Nestle SA, Bayer AG, Amazon.com Inc and Unilever Plc.
They were selected based on their market values and participation in industries ranging from mining, food and pharmaceuticals to chemicals and forestry that are considered vital to reversing biodiversity loss by 2030.
The campaign seeks to “drive fresh global momentum around biodiversity,” Liudmila Strakodonskaya, ESG analyst at AXA Investment Managers, said in a statement.
Biodiversity is declining at an unprecedented rate. Under a pact signed in December, almost 200 countries agreed to set aside 30% of land and sea for conservation by the end of the decade.
Last week, a group known as the Taskforce for Nature-related Financial Disclosures published guidelines to help businesses measure and disclose risks associated with nature loss.
In their letter, the investors pressed companies to urgently address several key goals such as minimising negative impacts and setting science-based targets.
NA100 said it will use third-party data to track the companies’ progress and the first report card will be published next year.
With investors united, target companies identified and the TNFD guidance in place, “we now have all ingredients to accelerate” corporate action on biodiversity loss, Peter van de Werf, head of engagement at Robeco, said in a statement. — Bloomberg
2023-09-27 11:03 | Report Abuse
Zaidah Binti Mohd Salleh has been associated with PICORP for a significant period, and her contributions to the company can be assessed in several ways:
Longevity and Dedication: Zaidah's appointment to the board in 1990 and her perfect attendance at all board meetings in 2021 (8/8) demonstrate her long-term commitment to PICORP. Her dedication and continued service to the company for over three decades indicate a strong connection with its mission and values.
Financial and Accounting Expertise: Her academic qualifications, including a Bachelor of Economics (Accounting) and Advance Diploma in Accounting from the University of Malaya, as well as her membership in the Malaysian Institute of Accountants and Chartered Accountant status, highlight her financial and accounting background. Such expertise can be valuable for financial oversight and reporting within the company.
Co-founder and Company Secretary: As a co-founder of PICORP Group of Companies and the Company Secretary, Zaidah likely played a crucial role in the early establishment and governance of the organization. Her involvement in these roles suggests her integral part in shaping the company's foundation and operations.
Past Executive Roles: Serving as the Group Executive Director and Group Financial Controller of PICORP Group of Companies in the past reflects her leadership and financial management capabilities. Her contributions in these roles would have had a significant impact on the company's financial stability and strategic direction.
Audit Committee Membership: Her position as a member of the Audit Committee signifies her involvement in overseeing financial controls and compliance, ensuring transparency and accountability in PICORP's financial practices.
Telecommunications Experience: Zaidah's prior experience at Telekom Malaysia, where she held roles such as Senior Accountant (Operations) and Financial Controller, indicates a background in a large and complex industry. This experience may have provided her with insights into efficient operations and financial management practices.
Shareholder and Family Ties: Zaidah's status as a major shareholder and her familial connections within PICORP suggest a vested interest in the company's success. Her personal stake in the organization aligns her interests with those of other shareholders and underscores her commitment to its prosperity.
In summary, Zaidah Binti Mohd Salleh has made significant contributions to PICORP over the years, both in her executive roles and her continued service on the board. Her financial expertise, dedication, and involvement in critical governance roles indicate her value to the company's financial stability and overall operations. As a co-founder, she likely played a pivotal role in the company's early development and governance structures, which have contributed to its longevity and success.
2023-09-27 11:01 | Report Abuse
Dato’ Dr. Lukman Bin Ibrahim, in his role as Group Executive Director of PICORP, can bring several values and contributions to the group:
Financial Expertise: With a PhD in Accountancy and memberships in prestigious accounting organizations, including ACCA, Malaysian Institute of Certified Public Accountants, and Malaysian Institute of Accountants, Dato’ Dr. Lukman possesses extensive financial knowledge. He can provide valuable insights into financial management, reporting, and strategic financial decision-making.
Corporate Governance: His experience as a Member of the Institute of Corporate Directors Malaysia reflects his understanding of corporate governance principles. He can contribute to maintaining high standards of governance within PICORP.
Academic Insights: His role as an Adjunct Professor and Adjunct Fellow at various academic institutions indicates a strong background in education and research. He can bring a research-driven perspective to strategic decision-making and foster a culture of learning within the organization.
Strategic Vision: Dato’ Dr. Lukman's executive experience, including roles as Deputy Chief Executive Officer of Proton Holdings Berhad and Group Chief Operating Officer at DRB-HICOM Berhad, highlights his ability to formulate and execute strategic plans. His strategic thinking can be instrumental in guiding PICORP's growth and expansion efforts.
Operational Excellence: With his past leadership roles in automotive and manufacturing companies, he likely possesses a deep understanding of operational efficiency and process improvement. This knowledge can aid in streamlining operations within the group.
Leadership and Management: His experience as President of ACCA Malaysia Advisory Committee and recognition as DRB-HICOM’s Best CEO of 2007 demonstrate his leadership abilities. He can provide valuable leadership insights to the board and the management team.
Industry Knowledge: Having spent 17 years with Proton and holding positions in various automotive-related companies, Dato’ Dr. Lukman brings an in-depth understanding of the automotive industry. This knowledge can be particularly relevant if PICORP has connections or interests in this sector.
Recognition and Awards: His receipt of awards, such as the Best Vendor Awards from prominent automakers, reflects his ability to build successful business relationships and deliver high-quality results. These attributes can contribute to PICORP's reputation and client satisfaction.
Risk Management: As a member of the Board Risk Management Committee, Dato’ Dr. Lukman is likely well-versed in risk assessment and mitigation strategies. His expertise in this area can enhance PICORP's risk management practices.
In summary, Dato’ Dr. Lukman Bin Ibrahim brings a wealth of knowledge, experience, and expertise to PICORP. His financial acumen, strategic thinking, leadership skills, and industry insights can be valuable assets for the organization's growth, financial stability, and governance.
2023-09-27 11:00 | Report Abuse
Zaid Bin Abdullah, the Executive Deputy Chairman of PICORP, possesses several strengths and qualifications that contribute to his role and leadership within the company:
Longevity and Commitment: Zaid Bin Abdullah has been with PICORP since its inception in 1990, demonstrating his long-term commitment to the organization. His dedication and loyalty have contributed to the company's stability and growth over the years.
Strong Attendance and Dedication: Zaid's perfect attendance record at board meetings highlights his active involvement and dedication to overseeing the company's operations and decision-making processes.
Solid Educational Background: He holds a Bachelor of Economics (Accounting) and an Advanced Diploma in Accounting from the prestigious University of Malaya. This educational foundation provides a strong financial and accounting background for his role.
Professional Affiliations: Zaid is a member of the Malaysian Institute of Accountants (MIA) and the Institute of Corporate Directors Malaysia. These memberships underscore his commitment to professional excellence and adherence to industry standards.
Founder of PICORP: As the founder of the PICORP Group of Companies, Zaid's vision and entrepreneurial spirit played a pivotal role in establishing the organization. His leadership as a founder has been instrumental in shaping the company's direction and success.
Extensive Industry Experience: Zaid has held key positions in other reputable organizations, such as the Group Executive Director of Shapadu Group of Companies and Director of Finance in Shapadu Corporation. This prior experience has likely provided him with valuable insights into corporate management and finance.
Recognition: Zaid Bin Abdullah received the "Most Promising Entrepreneurship Award" at the APEA 2013 awards. This recognition highlights his achievements and contributions to the business community.
Ownership and Shareholding: As a major shareholder of PICORP, Zaid has a vested interest in the company's success. His financial stake aligns his interests with those of other shareholders, promoting sound corporate governance.
Overall, Zaid Bin Abdullah's strengths include his extensive experience, educational background, dedication, and recognition in the business world. These qualities make him a valuable asset to PICORP, contributing to the company's continued growth and success.
2023-09-27 10:58 | Report Abuse
Datuk Syed Hisham Syed Wazir was likely selected as Chairman and Independent Non-Executive Director for several reasons:
Extensive Educational Background: Datuk Syed Hisham possesses a strong academic foundation with qualifications from reputable institutions in the UK and the USA. His educational background likely provides him with a broad perspective and critical thinking skills.
Industry Expertise: His vast experience in various roles within the automotive industry, including leadership positions in companies such as UMW Holdings Berhad and Proton, indicates a deep understanding of the sector. This expertise could be particularly valuable if PICORP has connections or interests in the automotive field.
Track Record of Leadership: Datuk Syed Hisham's leadership roles in prominent organizations, such as UMW Holdings Berhad, Puncak Niaga Holdings Berhad, and SIRIM QAS International Berhad, showcase his ability to lead and make strategic decisions. His experience as a Group Managing Director and President & Group Chief Executive Officer highlights his executive capabilities.
International Exposure: His international experience, including roles in the UK and the USA, demonstrates a global perspective that could be beneficial for a company like PICORP, which may have international operations or aspirations.
Independence: As an Independent Non-Executive Director, Datuk Syed Hisham's independence is a critical factor. Independent directors provide impartial judgment and help ensure transparency and good governance within the organization.
Professional Memberships: Membership in professional organizations, such as the Institute of Motor Industry and Beta Gamma Sigma of Ohio University, suggests a commitment to industry standards and best practices.
Previous Leadership Roles: His tenure as Chairman of SIRIM QAS International Berhad and other board positions demonstrates a history of board-level responsibilities, which is particularly relevant for a Chairman role.
Longevity in Current Roles: His current positions as Chairman of MSM Malaysia Holdings Berhad and Independent Non-Executive Director in Bermaz Auto Berhad indicate that he is actively engaged in leadership roles in other organizations, which can be seen as a vote of confidence in his leadership abilities.
Management Experience: Datuk Syed Hisham's experience as Managing Director and President/Chief Operating Officer in various companies suggests strong management skills and an ability to handle complex organizational challenges.
Overall, Datuk Syed Hisham Syed Wazir's selection likely stems from his combination of industry-specific expertise, leadership experience, independence, and his proven ability to make strategic decisions and lead organizations effectively. His background and qualifications make him a valuable addition to the board of PICORP.
2023-09-27 10:52 | Report Abuse
There are several reasons why Progressive Impact Corporation Berhad ("PICORP") has the potential to excel in its field:
Longevity and Experience: PICORP has a history dating back to 1991, indicating its long-standing presence in the market. This experience provides valuable insights and knowledge that can contribute to its success.
Diverse Service Portfolio: PICORP offers a wide range of services in the environmental sector, including consulting, monitoring, data management, laboratory testing, and wastewater treatment. This diverse portfolio allows the company to cater to various industries and clients, both domestically and internationally.
Market Presence: PICORP holds a significant market share of approximately 20% in the Malaysian environmental market for instruments and monitoring systems and laboratory testing services. This indicates a strong position and recognition within the industry.
Client Base: The company serves both governmental bodies and private sector clients, spanning industries such as oil and gas, energy, petrochemicals, food manufacturing, industrial, manufacturing, property development, and construction. A broad client base helps diversify revenue sources and reduce dependency on specific sectors.
International Presence: With operations in seven cities across three countries, PICORP has expanded its footprint beyond Malaysia. This international presence can open up new growth opportunities and markets.
Vision and Mission: PICORP's vision to be a world-class business organization focused on cost-effective environmental solutions, along with its mission to provide innovative technology and quality products and services, reflects a commitment to excellence and customer satisfaction.
Values and Culture: The company's core values, as described in the "PICORP WAY," emphasize peak performance, innovation, competitiveness, and process excellence. These values can foster a culture of continuous improvement and adaptability.
Innovation: Innovation is a key component of PICORP's mission. In the rapidly evolving field of environmental solutions, the ability to innovate and stay ahead of emerging trends and technologies is crucial for success.
Quality Workforce: PICORP's emphasis on having a team of highly motivated, competent, and quality employees indicates a commitment to human capital development, which is essential for delivering top-notch services.
Alignment with Environmental Trends: As global awareness of environmental issues and sustainability grows, companies offering environmental solutions are in high demand. PICORP's focus on environmental services positions it well to meet this increasing demand.
Ethical Values: The mention of being "Obedient to Allah" suggests that PICORP may have a strong commitment to ethical business practices, which can enhance its reputation and attract clients who value integrity.
To excel further, PICORP should continue to invest in research and development, stay updated on industry regulations and trends, and adapt to changing client needs. Building on its existing strengths and values, the company can continue to provide valuable environmental solutions to its clients while expanding its reach and influence in the market.
2023-09-27 10:44 | Report Abuse
Pest control service providers in Saudi Arabia have significant growth potential due to several factors:
Climate and Geography: Saudi Arabia's climate, characterized by high temperatures and arid conditions, creates a conducive environment for various pests. These pests can negatively impact agriculture, food storage, and public health, creating a strong demand for pest control services.
Agricultural Sector: Agriculture is a vital sector in Saudi Arabia, and pests can cause substantial damage to crops and livestock. As the country seeks to increase its agricultural production through initiatives like the "Saudi Green Initiative," the need for effective pest control services is likely to grow.
Food Safety and Security: Ensuring food safety and security is a top priority for Saudi Arabia. Pests in food storage facilities and processing plants can lead to contamination and spoilage. Strict food safety regulations drive the demand for pest control services to maintain quality and hygiene standards.
Urbanization and Construction: Rapid urbanization and construction projects in Saudi Arabia create disturbances in natural habitats, leading to increased pest infestations in urban areas. Pest control services are essential for managing these infestations in residential and commercial spaces.
Tourism Industry: Saudi Arabia is actively promoting its tourism industry, which includes attracting international tourists. Hotels, resorts, and other hospitality establishments require pest control services to maintain high hygiene standards and protect their reputation.
Health Concerns: Pests can pose health risks by transmitting diseases to humans and animals. Saudi Arabia's healthcare sector relies on pest control to prevent outbreaks and ensure public health.
Regulatory Compliance: The Saudi government has regulations in place that require businesses and institutions to maintain pest-free environments. Compliance with these regulations necessitates the services of professional pest control providers.
Awareness and Education: Growing awareness of the importance of pest control for health and safety is leading individuals and businesses to seek preventive measures, which includes regular pest control services.
Technological Advancements: The pest control industry has seen technological advancements in recent years, such as the use of eco-friendly and non-toxic methods, as well as digital monitoring systems. These innovations make pest control services more effective and environmentally friendly, aligning with global sustainability trends.
Market Growth: The pest control industry in Saudi Arabia is evolving and becoming more competitive. This competition drives providers to enhance their services and offer innovative solutions, ultimately benefiting consumers.
Given these factors, pest control service providers in Saudi Arabia have the potential to tap into a growing and diverse market. However, success in this industry requires a commitment to high-quality service, compliance with regulations, and a willingness to adapt to changing pest control techniques and customer preferences.
2023-09-27 10:43 | Report Abuse
Companies involved in environmental monitoring and testing services often have significant growth potential due to several key factors:
Increasing Environmental Concerns: Growing awareness of environmental issues such as climate change, pollution, and habitat destruction has led to increased demand for monitoring and testing services. Concerned governments, businesses, and individuals are willing to invest in solutions to address these challenges.
Regulatory Compliance: Governments worldwide are implementing stricter environmental regulations. Companies that provide monitoring and testing services help other businesses comply with these regulations. This creates a consistent and growing demand for their services.
Technological Advancements: Advances in technology, including sensors, data analytics, remote sensing, and automation, have improved the efficiency and accuracy of environmental monitoring. Companies that innovate in this space can gain a competitive edge and expand their market reach.
Global Expansion: Environmental issues are not limited by borders. Companies in this sector often find opportunities for expansion beyond their home markets, particularly in regions with emerging environmental concerns and regulations.
Public and Private Sector Investment: Governments and private companies are investing heavily in environmental initiatives, including monitoring and testing. These investments can create lucrative partnerships and opportunities for service providers.
Diverse Applications: Environmental monitoring and testing services have applications across various sectors, including agriculture, energy, construction, manufacturing, healthcare, and more. This diversity allows companies to tap into multiple markets and industries.
Risk Mitigation: As environmental risks become more pronounced, businesses are increasingly focused on mitigating these risks to protect their operations and reputation. This drives demand for environmental services that assess and manage these risks.
Data-Driven Decision-Making: The collection and analysis of environmental data are becoming integral to business strategies. Companies that offer data-driven insights and solutions are in high demand.
Corporate Sustainability Initiatives: Many companies are adopting sustainability goals and commitments. Environmental monitoring services help them track progress and demonstrate their environmental responsibility to customers, investors, and stakeholders.
Market Differentiation: Companies that invest in environmental monitoring and sustainability can differentiate themselves in the market, attract environmentally conscious customers, and secure competitive advantages.
Research and Innovation: Companies in this sector often engage in research and development to create new technologies, methodologies, and solutions for environmental monitoring and testing. These innovations can open up new revenue streams.
Public Awareness and Advocacy: Environmental issues have garnered significant public attention and advocacy. Companies involved in environmental monitoring and testing can benefit from this heightened awareness and support.
In conclusion, companies in the environmental monitoring and testing services sector have substantial growth potential due to increasing environmental concerns, regulatory pressures, technological advancements, and a growing market for sustainability-related solutions. As the world becomes more environmentally conscious, these companies play a crucial role in addressing global challenges and driving positive change.
2023-09-27 10:42 | Report Abuse
Environmental monitoring and testing services are of paramount importance for Malaysia due to several key reasons:
Biodiversity and Ecosystems:
Malaysia is renowned for its rich biodiversity and unique ecosystems, including rainforests, mangroves, and coral reefs. Environmental monitoring helps track changes in these ecosystems, assess the health of flora and fauna, and identify threats to endangered species.
Natural Resources:
Malaysia is a major producer of natural resources like palm oil, rubber, and timber. Monitoring environmental conditions is essential to ensure sustainable resource management, prevent deforestation, and mitigate the negative impact of resource extraction.
Agriculture:
Agriculture is a significant sector in Malaysia's economy. Environmental testing helps ensure the safety of agricultural products, including food and crops, by monitoring for contaminants, pesticides, and pollutants that may affect both human health and the environment.
Air Quality:
Urban areas in Malaysia, such as Kuala Lumpur and Penang, face air pollution challenges due to industrial activities, traffic congestion, and haze from forest fires. Monitoring air quality is crucial to protect public health and reduce the impact of pollution-related diseases.
Water Resources:
Malaysia relies heavily on its water resources for drinking water, agriculture, and industry. Monitoring water quality in rivers, lakes, and reservoirs is essential to ensure a safe and sustainable supply of clean water.
Climate Change:
Malaysia is vulnerable to the effects of climate change, including sea-level rise and extreme weather events. Environmental monitoring helps assess climate-related risks and develop strategies for adaptation and mitigation.
Sustainable Development:
As Malaysia continues to develop economically, it must strike a balance between growth and environmental protection. Monitoring services provide the data needed to make informed decisions about sustainable development practices.
Compliance with Regulations:
Environmental monitoring ensures that industries and businesses comply with environmental laws and regulations. Regular testing helps identify non-compliance issues and facilitates corrective actions.
Tourism and Reputation:
Malaysia's natural beauty is a major attraction for tourists. Monitoring and protecting the environment enhance the country's reputation as a sustainable and responsible tourism destination.
Health and Well-being:
Clean air, water, and a healthy environment are fundamental to the well-being of Malaysia's population. Monitoring services help identify and address environmental health risks.
In summary, environmental monitoring and testing services are crucial for Malaysia to protect its unique ecosystems, sustainably manage natural resources, address pollution and climate change challenges, ensure public health, and support the country's economic development while preserving its natural beauty and reputation on the global stage.
2023-09-26 18:33 | Report Abuse
2nd half should be much improved/better :)
Monday, 28 Aug 2023
5:37PM
PICORP 1H net profit 1.672 million
2023-09-26 18:31 | Report Abuse
more environmental monitoring and testing services required as construction activities started to intensify, etc :)
The negative effect of construction activities toward the environment has put pressure on the key
players in the construction industry on the need to protect the environment (Yusoff et al., 2018) whose
domains of work and responsibilities involve selecting of building materials, designing alternatives,
relating them to environmental regulations, and demands of clients and they are linked with suppliers
and manufacturers who are the source of the technology (Rautray et al., 2019). As Smajlović et al.
(2023) proposed, it is therefore important for these players to consider the prevailing environmental
issues in their day to day operations.
2023-09-26 09:17 | Report Abuse
Come to picorp :)
KUALA LUMPUR (Sept 25): Cypark Resources Bhd co-founder and group chief executive officer Datuk Daud Ahmad has remerged as a substantial shareholder of the renewable energy and solid waste management company, only days after his status ceased.
2023-09-25 13:21 | Report Abuse
Foreign buying of Malaysian equities swelled to RM550.9m last week, says MIDF
By Surin Murugiah / theedgemalaysia.com
2023-09-25 10:00 | Report Abuse
On the way to recovery, first mover advantage in Saudi Arabia
2023-09-25 09:57 | Report Abuse
35sen->6sen->8sen->? $$$$
2023-09-25 09:17 | Report Abuse
MGO at 2 to 3 times P/B value :)
2023-09-25 09:15 | Report Abuse
More to come, NTA at 8sen equals current market price
7201 PICORP PROGRESSIVE IMPACT CORPORATION
Quarterly rpt on consolidated results for the financial period ended 30/06/2023
Quarter: 2nd Quarter
Financial Year End: 31/12/2023
Report Status: Unaudited
Submitted By:
Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period
30/06/2023 30/06/2022 30/06/2023 30/06/2022
RM '000 RM '000 RM '000 RM '000
1 Revenue 22,022 19,900 42,553 42,434
2 Profit/Loss Before Tax 1,223 261 2,514 1,120
3 Profit/(loss) attributable to ordinary equity holders of the parent -372 -1,839 -1,787 -3,482
4 Net Profit/Loss For The Period 1,275 32 1,672 -229
5 Basic Earnings/Loss Per Shares (sen) -0.06 -0.28 -0.27 -0.53
6 Dividend Per Share (sen) 0.00 0.00 0.00 0.30
As At End of Current Quarter As At Preceding Financial Year End
7 Net Assets Per Share (RM) 0.0800 0.0800
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
28/08/2023 07:00 AM
Ref Code: 202308283100363
2023-09-25 08:57 | Report Abuse
From 8sen to 10sen, total shares available for sale is worth few hundred thousand RMs only ;)
2023-09-25 08:55 | Report Abuse
The SC is also working to speed up the initial public offering process and reduce time-to-market to ensure Malaysia’s competitiveness and attractiveness.
PETALING JAYA: The Securities Commission (SC) has announced several capital market initiatives in an effort to boost market vibrancy and enhance investor access to the country’s capital market.
This includes automatic promotion of eligible public limited companies from the ACE to the Main Market of Bursa Malaysia, stamp duty reduction, enabling fractional share trading by investors through stockbrokers and introducing the Foreign Exempt Scheme (FES) framework.
2023-09-25 08:53 | Report Abuse
Malaysia is currently in a position of strength as it ranks 35th globally in the Energy Transition Index that incorporates the balancing of the energy trilemma — security, sustainability and equity. The recent announcement of the National Energy Transition Roadmap (NETR) indicates the government’s strong will to transition the country’s energy system to one that is based on cleaner energy sources.
Stock: [PICORP]: PROGRESSIVE IMPACT CORPORATION
2023-10-02 08:59 | Report Abuse
https://www.klsescreener.com/v2/news/view/1210451