https://www.msn.com/en-my/news/videos/malaysia-tells-developed-nations-to-be-committed-to-us-100bil-a-year-to-address-climate-change/vi-AA1h6Pc8?&item=flights%3Aprg-mobileappview

Picorp, next :)

KUALA LUMPUR (Sept 22): Tanco Holdings Bhd's group managing director Datuk Seri Andrew Tan Jun Suan has raised his indirect shareholding in the group to 785.06 million shares or a 39.59% stake after acquiring five million shares on Friday.

Tan bought the stake in the open market via TJN Capital Sdn Bhd on Friday at 56 sen per share, according to the group's bourse filing. This values the purchase at RM2.8 million.

Insya-Allah, jam 9.30 malam ini waktu Malaysia (9.30 pagi waktu di New York), saya akan menyampaikan Kenyataan Negara di Perhimpunan Agung Pertubuhan Bangsa-Bangsa Bersatu (PBB) Ke-78.

Saya akan berkongsikan usaha Malaysia dalam menangani krisis iklim untuk mencapai Agenda 2030, pelan hala tuju negara di bawah rangka kerja Malaysia MADANI serta beberapa lagi isu global.

Rakyat Malaysia boleh menyaksikan Kenyataan Negara ini secara langsung melalui saluran media tempatan dan facebook live.

Doakan agar semuanya berjalan lancar.

#MalaysiaMADANI
#UNGA78

https://www.facebook.com/100044147303672/posts/pfbid0GAUWWkHYegtbqqQy3UgPvm1vQbgQLXQ5KM8BcSv8X8Ap3rJytdWD6uFBQUTkr44rl/?mibextid=cr9u03

Next, picorp probably :)

KUALA LUMPUR (Sept 22): Chin Hin Group Bhd said it will be making a mandatory general offer (MGO) for the remaining shares in Ajiya Bhd at RM1.53 per share, but intends to maintain Ajiya's listing status.

Bursa will also work with the London Stock Exchange to develop a centralised repository for environmental, social and corporate governance (ESG) disclosures.

This platform will enable companies to disclose ESG data that can drive sustainable practices across industries.

Another mechanism that facilitates Malaysia’s energy transition is the recently introduced Bursa Carbon Exchange (BCX), the world’s first shariah-compliant voluntary carbon market exchange.

“The BCX is one of the key building blocks that will help finance some of the actions and investments required for decarbonisation.

“It successfully held its first carbon credits price discovery auction in March this year, and its trading is set to go live in early October,” he said.

Wahid acknowledged that companies need to adopt sustainable practices and goals to boost their competitiveness, resilience and attractiveness.

To this end, he said Bursa had introduced a sustainability framework in September last year to assist companies in adopting international reporting frameworks and standards.

The endeavour will be introduced in a phased approach starting on Dec 31.

Control your emotion, wait for rebound... don't miss the boat :)

Same here too :)

https://www.scmp.com/business/markets/article/3235401/hong-kong-stocks-arrest-weekly-slide-funds-make-comeback-and-yuan-stabilises-growth-signals

The GDP contribution from NIMP and NETR can be significant with strong tailwinds.

Asia must reduce oil dependency – but how to fund clean energy transition?

https://www.scmp.com/week-asia/opinion/article/3235353/why-asia-needs-reduce-oil-dependency-how-fund-clean-energy-transition

In 2022, the US topped Malaysia’s list of foreign direct investments with a net inflow of approximately RM37.8 billion.

Last month, outgoing US Ambassador to Malaysia, Brian McFeeters, said US companies have pledged investments totalling RM100 billion in various sectors in Malaysia over the last 18 months.

KUALA LUMPUR: Bursa Malaysia Bhd held its first physical Invest Malaysia New York (NY) in six years, on Thursday, as part of a push for investments for Madani Economy initiatives.

The last Invest Malaysia NY was held in 2017.

The Invest Malaysia NY 2023 forum attracted about 200 delegates, including foreign fixed income, equity and private equity investors with combined asset under management (AUM) of over US$40 trillion (approximately RM188 trillion).

Themed "Regaining Malaysia's Lead in Asia", Invest Malaysia NY 2023 centred on promoting Malaysia's inherent strengths and how the Malaysian government's visionary Madani economic framework will re-establish Malaysia as a leading Asean economy.

Prime Minister of Malaysia Datuk Seri Anwar Ibrahim, who officiated and delivered the keynote address at the event, said that the Madani economic framework is the cornerstone of Malaysia's transformation journey, offering a clear roadmap to steer Malaysia's economic growth and longer-term sustainability agenda.

Anwar emphasised three essential pillars in the framework for economic recovery and enhancing Malaysia's competitiveness: the National Energy Transition Roadmap (NETR), the New Industrial Master Plan 2030 (NIMP 2030), and the Twelfth Malaysia Plan Mid Term Review (12 MP MTR).

Additionally, he shared Malaysia's plans in moving towards a sustainable growth path, in line with the target of achieving carbon neutrality by 2050.

Pest control is an essential service that protects homes and businesses from the damage and health risks caused by pests. In Arab, pest control is necessary due to the region's warm and humid climate, which provides a perfect breeding ground for many common pests. For example, fire ants, carpenter ants, cockroaches, mosquitoes, and termites ar

Continuous pest control Biz for picorp

https://www.researchgate.net/publication/230172604_Insect_Pests_of_Saudi_Arabia

Upon taking office as Prime Minister in November 2022, Anwar who is also the Finance Minister, said it was clear that his administration had no choice but to cross the Rubicon and reset Malaysia.

“I prioritised three areas — strengthening our governance, restructuring our economy and paving our future,” said Anwar, who was Finance Minister from 1991 to 1998.

He said the transformation that Malaysia needs is mapped out in MADANI Economy: Empowering the People, a robust framework to systematically address the structural deficiencies in the government’s fiscal policy and revenue drivers, the country’s economic ecosystem and Malaysians’ well-being.

“The Fiscal Responsibility Act (FRA), which will be tabled in Parliament in October, outlines the principles and fiscal rules to enhance accountability, governance and transparency in fiscal management.”

This will be complemented by other fiscal frameworks such as the Medium-Term Fiscal Framework (MTFF) and Medium-Term Revenue Strategy (MTRS), he said.

Besides that, the prime minister also outlined Malaysia’s National Energy Transition Roadmap as well as The New Industrial Master Plan 2030 in advancing the country’s economy and tapping on new growth areas.

In fact, in the past few months, the nation has seen the early results from the government’s commitment to deliver change to the Malaysian economy and its people.

Citing the Germany-based global semiconductor company Infineon Technologies, Anwar said they have agreed to invest an additional 5 billion euros over the next five years to build the world’s largest 200mm silicon carbide power fabrication plant in Malaysia.

“And of course, there is Tesla. Despite the fierce courting by other regional economies, we rather quickly won over Tesla. Together with that of SpaceX,” he said.

The prime minister said companies like Tesla, Amazon and Infineon are but some of the leaders in global industry that have recently stepped up to be part of this change and put their trust in Malaysia.

Incredibly compelling’: The pros love small-cap stocks right now. ;)

Hope, picorp soon :)

Toshiba, one of Japan's oldest and biggest firms, is set to end its 74-year stock market history as a group of investors have bought a majority stake.

The company has announced that a consortium led by private equity firm Japan Industrial Partners (JIP) has purchased 78.65% of its shares.

Owning more than two-thirds of the firm allows the group to complete a $14bn (£11.4bn) deal to take it private.

The firm's roots date back to 1875, as a maker of telegraph equipment.

Under the deal its shares could be taken off the stock market as early as the end of this year.

https://asia.nikkei.com/Business/Energy/Singapore-energy-appetite-fuels-ASEAN-s-renewable-power-grid

https://www.malaymail.com/news/malaysia/2023/09/20/private-landfill-operators-encouraged-to-turn-waste-into-renewable-energy-says-minister/91940

https://www.thestar.com.my/business/business-news/2023/09/21/setting-the-standards-in-renewable-energy

KUALA LUMPUR (Sept 21): Bursa Malaysia opened higher on Thursday as buying activities emerged with the US Federal Reserve (Fed) keeping rates steady, said an analyst.

Picorp share is bring absorbed steadily... just be calm, don't miss the boat

MGO anytime too, just relax

Picorp can be liked ytl, uem sunrise, few hundred % return.. just keep n enjoy yourself later :)

Buy undervalued stocks, just wait for harvesting macam tanam pokok durian, tunggu durian runtuh :)

ESG matters in Indonesia :)

https://www.reuters.com/sustainability/indonesia-plans-first-carbon-trade-next-week-2023-09-18/

More biz4picorp :)

https://www.youtube.com/watch?v=eKC5FCyiMr4

https://www.nst.com.my/business/2023/09/957678/bursa-malaysia-falls-selldown-offers-good-opportunity-analyst

Related to ESG again ;)

https://techcrunch.com/2023/09/19/plan-a-carbon-accounting/

ESG is the future, climate change and its related consequences :)

https://www.businesstoday.com.my/2023/09/20/alliance-bank-hits-first-milestone-as-early-adopter-of-bursas-csi-platform/

Commentary on prospects
B4. Profit forecast or profit guarantee
B5. Corporate proposals
There were no corporate proposal issued by the group for quarter ended 30 June 2023.
Material Changes in Profit for the Current Quarter as Compared to the Results of the Preceding Quarter (cont'd)
The Malaysian economy is expected to experience slower growth in 2023 due to weakening global trade, geopolitical
tensions, inflation, and tighter financial conditions, as forecasted by the IMF and World Bank. Despite these
challenges, the Malaysian government is confident in achieving a 4.0% to 5.0% growth forecast for 2023, citing strong
economic fundamentals and the implementation of measures as outlined in Belanjawan 2023. However, according to
MIER analysis, a potential further slowdown in Malaysia's economic growth in Q2, projecting it to settle at 3.2% which
is lower than the initial estimate of 4.1%. The government remains focused on addressing citizens' daily economic
concerns, reducing wastage, and combatting corruption to enhance economic efficiency and stability.
PICORP’s 3-year turnaround strategy encompasses core sector, i.e Environmental Monitoring Consultancy & Services
(EMCS) drinking water and wastewater treatment solutions and a new role as environmental monitoring contractor
for a major oil company. In Saudi Arabia, leveraging Saudi Asma as the leading Integrated Pest Management (IPM)
provider recognised by local ministry will further fuel expansion into new markets especially Riyadh and NEOM in
Tabuk Province. Our Cost optimization involves supplier contract renegotiation, a hiring freeze, and streamlining of
operations, leading to reduction in expenses. Operational efficiency improvement via lean management and
technological adoption.

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said on the domestic front, today's selldown is a good opportunity to bargain hunt stocks at lower level.

The firm is cautiously optimistic on the market outlook given the return of foreign funds and strong support from local institutions.

Hence, he believes that the benchmark index will stage a rebound in the near term.

NTA= harga semasa =8sen... undervalue .... goodwill safari haha

~1% of total shares issued only from 8sen to 10sen for those shares offered for sale in the open market..

Bila UP, pasti gila

8sen to 10sen, total shares offered for sale in the open market hanya 7mil shares ++, too far away from 33 mil shares for a 5% stake

33mil shares~5% stake, at 8sen only 600K shares+ willing to let go by cash desperate retailers, too far away from the required quantity :)

Picorp 5% stake at 8sen, 33mil shares~ RM2.5juta je :)

Picorp, 5% x 658mil shares ~33mil shares

Cypark Resources Bhd has reported the emergence of a new substantial shareholder, Chung Dao, with a 5.5% stake.

Creating an ESG (Environmental, Social, and Governance) report in Malaysia involves gathering data and information on various sustainability aspects. Here's an outline of what you might include:

Introduction: Provide an overview of the manufacturing industry in Malaysia and the importance of ESG considerations.

Environmental Performance:

Energy consumption and efficiency.
Water usage and conservation efforts.
Waste management and recycling initiatives.
Carbon emissions and reduction strategies.
Compliance with environmental regulations.
Social Impact:

Employee health and safety programs.
Diversity and inclusion efforts.
Labor practices and adherence to labor laws.
Community engagement and corporate social responsibility (CSR) initiatives.
Human rights considerations.
Governance:

Board composition and diversity.
Executive compensation and transparency.
Anti-corruption policies and practices.
Compliance with corporate governance standards.
Risk management and ethical business conduct.
Key Performance Indicators (KPIs):

Present quantitative data on ESG performance using relevant KPIs. For example, reduction in greenhouse gas emissions, employee turnover rates, or diversity metrics.
Sustainability Initiatives:

Describe ongoing and planned sustainability projects and initiatives.
Explain how these initiatives align with broader ESG goals.
Stakeholder Engagement:

Discuss how the company engages with stakeholders, including investors, customers, employees, and local communities, on ESG matters.
Risks and Opportunities:

Identify ESG-related risks that may impact the manufacturing industry in Malaysia.
Highlight potential opportunities for innovation and growth through sustainable practices.
Reporting Framework:

Mention the ESG reporting framework or standards followed, such as GRI (Global Reporting Initiative) or SASB (Sustainability Accounting Standards Board).
Future Goals:

Outline the company's ESG objectives and targets for the near and long term.
Case Studies:

Include specific examples or case studies that demonstrate the company's commitment to ESG principles.
Conclusion:

Summarize key takeaways and emphasize the company's dedication to ESG principles.
Remember to ensure that the data presented is accurate and verifiable, and consider seeking assistance from sustainability experts or consultants to create a comprehensive ESG report tailored to your manufacturing company in Malaysia.

https://theedgemalaysia.com/node/682928


Sept 18): With the final quarter of 2023 approaching, one winning strategy in emerging markets is becoming clearer: buying shares in smaller companies.

Progressive Impact Corporation Berhad is in the industry of: Energy, Utilities & Waste Treatment General, Energy, Utilities & Waste Treatment

PICORP transferred its listing status to the Main Board of Bursa in January 2008. PICORP's subsidiary companies are principally involved in the provision of environmental consulting, monitoring, monitoring equipment / systems integration, environmental data management services, laboratory testing services and wastewater treatment and solution.

The Group provides its services to various governmental bodies as well as to the private sectors which are involved in the oil and gas, energy, petrochemicals, food manufacturing, industrial and manufacturing, properties developers and construction sectors locally and internationally. Our group is a well-established participant in the Malaysian environmental market in the segment of instruments and monitoring systems and laboratory testing services, holding a market share of approximately 20%.

589
No. of Employee

Operations
7 cities in 3 countries

Chung, tolong datang ke picorp after cypark. ;)

PETALING JAYA: Cypark Resources Bhd has announced the emergence of a new substantial shareholder in Chung Dao, who has a 5.5% stake or 42.97 million shares after acquiring 40 million shares on Sept 14.

In a filing with Bursa Malaysia, the renewable energy and solid waste management company said the acquisition of the shares occurred the day Chung Chee Yang ceased to be a substantial shareholder after disposing of 40 million shares.

This left him with 37.43 million shares or a 4.77% stake in the company.

8sen now.
If weekly up even 1/2sen, within 1 month, return to 10sen++

The flourishing of lab testing businesses in the context of increasing emphasis on ESG (Environmental, Social, and Governance) can be attributed to several factors:

ESG Reporting Requirements: As companies prioritize ESG initiatives, there is a growing need to measure, report, and verify their environmental and social performance. This requires extensive data collection and analysis, often involving lab testing to assess environmental impact, product safety, and compliance with regulations.

Sustainable Product Development: Businesses are increasingly focused on developing sustainable products and processes. Lab testing is essential to assess the sustainability and safety of materials and technologies used in these products, ensuring they meet ESG standards.

Regulatory Compliance: Government regulations related to ESG practices are becoming more stringent. Lab testing helps companies demonstrate compliance with these regulations, avoiding penalties and reputational risks.

Investor and Stakeholder Demands: Investors and stakeholders are paying closer attention to ESG performance. Companies that can provide robust lab-tested data to support their ESG claims are more attractive to socially responsible investors and customers.

Risk Mitigation: ESG risks, such as environmental liabilities or product safety issues, can have a significant financial impact. Lab testing helps identify and mitigate these risks, protecting a company's bottom line and reputation.

Innovation and Product Differentiation: Lab testing enables companies to innovate and develop products with a lower environmental footprint, which can lead to a competitive advantage in the market as consumers become more conscious of ESG factors.

Third-Party Verification: Independent lab testing provides credibility and transparency to ESG claims. It allows companies to validate their sustainability efforts through unbiased assessments.

Supply Chain Management: Lab testing is vital in assessing the ESG performance of suppliers and ensuring that the entire supply chain adheres to sustainability and social responsibility standards.

In summary, the emphasis on ESG has driven the demand for lab testing services because they play a critical role in helping companies measure, verify, and improve their ESG performance, thereby supporting their sustainability goals and meeting the expectations of investors, regulators, and consumers.

ESG (Environmental, Social, and Governance) and environmental testing and monitoring firms are interrelated for several reasons:

Compliance and Reporting: ESG standards and regulations often require companies to monitor and report on their environmental performance. Environmental testing and monitoring firms provide the expertise and services necessary for businesses to gather the data needed to comply with these standards.

Risk Management: Companies focused on ESG factors are concerned about environmental risks, such as pollution, climate change, and resource scarcity. Environmental testing helps identify and mitigate these risks, which is essential for effective ESG management.

Data for ESG Metrics: Environmental data collected through testing and monitoring activities can be used to calculate key ESG metrics related to environmental impact. For example, emissions data can be used to calculate a company's carbon footprint, a crucial ESG indicator.

Investor and Stakeholder Demands: Investors and stakeholders are increasingly interested in a company's ESG performance. Environmental testing and monitoring data can provide transparent and credible evidence of a company's commitment to sustainability, which can attract ESG-focused investors.

Continuous Improvement: ESG is not a one-time effort but a continuous process of improvement. Environmental testing and monitoring help companies track their progress over time and identify areas where they can make further environmental improvements.

Reputation Management: Companies that take ESG seriously often want to build a positive reputation as responsible and sustainable organizations. Demonstrating a commitment to rigorous environmental testing and monitoring can enhance their reputation in this regard.

In summary, ESG and environmental testing and monitoring are interconnected because ESG initiatives rely on accurate environmental data and compliance, which are provided by firms specializing in testing and monitoring services. This synergy helps companies align their sustainability goals with measurable actions and outcomes.

Boom time gor ESG related stocks like picorp



Bursa said the MoU is a significant milestone in enhancing regional cooperation and advancing sustainability in Asean.

KUALA LUMPUR: Bursa Malaysia Bhd has inked a memorandum of understanding (MoU) with the stock exchanges of Indonesia and Thailand to explore an inter-regional environmental, social and governance (ESG)-linked ecosystem to drive business value creation and sustainable development in Asean.

In a statement, stock exchange operator said the MoU is a significant milestone in enhancing regional cooperation and advancing sustainability in Asean.

“It also signifies a commitment to greening supply chains, while recognising the potential to optimise the interconnectedness and comparability of ESG data within the region,” it said.

The collaboration with the Indonesia Stock Exchange and the Stock Exchange of Thailand would spur the adoption of good ESG practices and drive responsible growth in their respective markets, while offering cross-border opportunities related to ESG investments across the three markets.According to the statements, the three exchanges will explore initiatives including identifying critical components of the ESG infrastructure to support companies in pursuing decarbonisation and sustainability across their supply chains.

The partnership will also establish a “sandbox” environment designed to facilitate trade and create new business opportunities for corporations and their supply chains, including small and medium enterprises.In addition, it will leverage expertise in ESG practices through workshops, training sessions and knowledge-sharing programmes to support enhancement of the ESG ecosystem.

“Through this partnership, we aim to enhance cross-border cooperation and seize opportunities to harmonise ESG measures and ESG infrastructure that promotes sustainable business practices in Asean.

“The MoU establishes the groundwork for similar collaborations with other interested exchanges in Asia and lays a solid foundation for engaging partners from the Global North as well,” said Bursa Malaysia CEO Datuk Muhamad Umar Swift.

8sen->10sen & higher, just be calm. :)

The same could happen tk picorp... tetap yakin :)

KUALA LUMPUR (Sept 19): Cypark Resources Bhd has reported the emergence of a new substantial shareholder, Chung Dao, with a 5.5% stake or 42.97 million shares after acquiring 40 million shares on Sept 14.

The acquisition happened on the same day Chung Chee Yang ceased to be a substantial shareholder following the disposal of 40 million shares, leaving him with 37.43 million shares or a 4.77% stake in the renewable energy and solid waste management company.

Based on the closing price of 79.5 sen that day, the transaction would be worth some RM31.8 million.

Prior to this, Chee Yang had once transferred 2.77 million shares to Chung Dao in June this year, according to Cypark’s stock exchange filings.

The stock has embarked on a steep climb since Chee Yang’s disposal, rallying 19.5% over the past three trading days.

Cypark’s shares closed 3.5 sen or 3.8% higher at 95 sen on Tuesday, giving the company a market capitalisation of RM746.63 million.

Read also:
Chung Chee Yang ceases to be substantial shareholder in Cypark, Perkeso raises stake
Cypark among top actives on Bursa as trading volume swells to five-month high

Time for ESG related stocks to fly, just be positive ;)

https://www.thestar.com.my/business/business-news/2023/09/19/siemens-and-progressture-solar-join-forces-to-support-malaysia039s-shift-to-green-energy