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2023-09-14 13:34 | Report Abuse
Double yops pattern back to 35sen later hopefully
2023-09-14 12:32 | Report Abuse
7-8sen, support n resistance level reached.
Winners will be those have holding power, cash is king
2023-09-14 08:43 | Report Abuse
Awang Adek said the SC intends to customise the standards to align with local requirements.
KUALA LUMPUR: The Securities Commission (SC) is planning to adopt the International Sustainability Standards Board’s (ISSB) global standards to ensure that sustainability becomes an integral part of local corporations, says chairman Datuk Seri Dr Awang Adek Hussin.
He said that at the same time, the SC intends to customise the standards to align with local requirements.
“Malaysia is at a juncture in its development of domestic renewable energy sources as well as a carbon market, thus, we cannot afford to fall short of the environmental, social and corporate governance (ESG) standards.
“We should make full use of the available opportunities,” he said at the Business Foresight Forum 2023 yesterday.
Awang Adek also lauded the launch of the centralised sustainability reporting platform for Malaysian firms to disclose their ESG data by Bursa Malaysia. — Bernama
2023-09-14 08:42 | Report Abuse
More Good biz potential 4picorp if the project restarts
The previous alignment was to include seven stations in Malaysia, namely Bandar Malaysia, Sepang-Putrajaya, Seremban, Melaka, Muar, Batu Pahat and Iskandar Puteri, before the track from KL reaches its final destination in Jurong East, Singapore.
The total length of the rail line would have been 350km (335km in Malaysia and 15km in Singapore).
2023-09-14 07:57 | Report Abuse
Invest Saudi, a brand overseen by the Saudi Ministry of Investment (MISA), may open an office somewhere in the bay area – the region made up of Hong Kong, Macau and nine Guangdong provincial cities – to augment the promotional mission currently undertaken by its Beijing office, said Saleh Al-Khabti, MISA’s deputy minister for investment transactions.
2023-09-14 07:57 | Report Abuse
Good4picorp in Saudi
Saudi Arabia’s investment promotion agency may open an office in the Greater Bay Area (GBA), expanding its presence in southern China to attract capital, technology and talent to support the kingdom’s Saudi Vision 2030, a key official said.
2023-09-14 07:25 | Report Abuse
REWARDS
Trading at 32.6% below our estimate of its fair value
2023-09-13 12:55 | Report Abuse
KUALA LUMPUR: The Securities Commission (SC) is planning to adopt the International Sustainability Standards Board's (ISSB) global standards to ensure that sustainability becomes an integral part of local corporations, said chairman Datuk Seri Dr Awang Adek Hussin.
He said that at the same time, the SC intends to customise the standard to align with local requirements.
"Malaysia is at a juncture in its development of domestic renewable energy sources as well as a carbon market, thus, we cannot afford to fall short of the environmental, social and corporate governance (ESG) standards.
"We should make full use of the available opportunities," he said in his opening address at the Business Foresight Forum 2023 here, today.
Awang Adek also lauded the launch of the centralised sustainability reporting platform for Malaysian firms to disclose their ESG data by Bursa Malaysia and the London Stock Exchange, saying that it was a positive move.
Furthermore, he said that the synergies and alignment between the Shariah and ESG principles are naturally compatible.
"Indeed, Malaysia is in a unique position to take the lead in sustainable finance by leveraging its expertise in the Islamic Capital Market (ICM).
"Our regulatory frameworks, such as the Sustainable and Responsible Investment (SRI) Sukuk Framework, SRI-Linked Sukuk Framework, and Waqf-Featured Fund Framework, reflect our commitment to both the sustainability and ICM agendas," he said.
He added that waqf is an innovative solution and social finance catalyst that aligns with this commitment to sustainable practices. - Bernama
2023-09-12 09:13 | Report Abuse
KUALA LUMPUR: CIMB Group Holdings Bhd has raised its sustainable finance target to RM100 billion by 2024 under the company's green, social, sustainable impact products and services (GSSIPS) framework.
The target was revised after the group achieved its RM60 billion target announced in 2022.
To date, CIMB has mobilised around RM70 billion in sustainable finance since 2021.
The target is complementary to a series of enhanced sustainability commitments which the group announced in 2021.
This includes the aim of achieving net zero greenhouse gas emissions, that include Scope 3 financed emissions by 2050.
"The sustainable finance commitment is guided by CIMB's GSSIPS framework, which serves as an internal taxonomy for the group to deliver impactful sustainable finance.
"In line with the framework, CIMB's commitment includes, among others, green, social and sustainable, as well as sustainability-linked, retail, corporate and commercial financing, trade financing, debt and equity capital markets, wealth management and treasury solutions," it said.
The new target was announced at the opening day of The Cooler Earth 2023.
During the summit, CIMB also announced partnership with Bursa Malaysia to leverage its Bursa Carbon Exchange (BCX) that provides a streamlined platform for high-quality carbon credits trading via standardised contracts.
The collaboration consists of collaborative capacity building initiatives and potential exploration to allow CIMB to conduct carbon credit transactional services via the BCX platform.
This includes the seamless execution of diverse transactional services such as the trading of carbon credits and the retirement of these credits.
Group chief executive officer Datuk Abdul Rahman Ahmad said the threefold increase in its sustainable finance target was attributed to the group's accelerating adoption of environmentally and socially responsible practices.
"This trend is encouraging, and further reinforces our conviction that the transition towards greener and more resilient economies presents significant new opportunities for financial institutions such as banks to grow our business," he said.
2023-09-12 09:10 | Report Abuse
just buy from cash desperate or margin players now to reap higher ROI anytime :)
2023-09-12 09:04 | Report Abuse
Putrajaya is to spend RM270 billion in the final three years under the 12th Malaysia Plan , as the government aligns the five-plan with the Madani Economy vision.
2023-09-12 08:40 | Report Abuse
Unlimited potential for PICORP's nature of Biz.. M&A activities are expected...
#climate change.
Whether we are prepared or not, we are at the precipice of change that cannot be avoided. Despite our interests, we must radically increase our quality of life by changing our economy into a low carbon economy that is filled with jobs that are more fair and democratic.
The green industry revolution or the more comprehensive MADANI Economy does not only give improvements to our lives but also offers a more equal economy that protects the environment £€$¥₩
2023-09-12 08:37 | Report Abuse
Big Biz & growth for picorp
Comprehensive review of water management and wastewater treatment in food processing industries in the framework of water-food-environment nexus
2023-09-11 15:56 | Report Abuse
More Biz for picorp to do study , etc
manufacturing sector.
The Dewan Rakyat is currently sitting for a six-day special sitting focused on the tabling of the 12MP MTR.
The MTR was carried out to evaluate the achievements of the five-year plan in its first two years (2021-2022) and the direction for the next three years (2023-2025) towards achieving a sustainable, prosperous, and high-income nation, taking into account current domestic challenges and global trends.
2023-09-11 15:55 | Report Abuse
More Biz for picorp to test environmental issue, etc
According to the Mid-Term Review of the 12th Malaysia Plan (2021-2025) report released today, it is estimated that the non-radioactive rare earth industry will create 6,550 jobs and contribute RM9.5 billion to the country’s gross domestic product (GDP) by 2025.
It said the National Mineral Policy 2 would be reviewed to provide a more holistic direction to drive the mineral industry development, including non-radioactive rare earth element (NR-REE), bauxite, tin, silica, and kaolin, based on sustainable and responsible principles.
“The non-radioactive rare earth industry will...
According to the Mid-Term Review of the 12th Malaysia Plan (2021-2025) report released today, it is estimated that the non-radioactive rare earth industry will create 6,550 jobs and contribute RM9.5 billion to the country’s gross domestic product (GDP) by 2025.
It said the National Mineral Policy 2 would be reviewed to provide a more holistic direction to drive the mineral industry development, including non-radioactive rare earth element (NR-REE), bauxite, tin, silica, and kaolin, based on sustainable and responsible principles.
“The non-radioactive rare earth industry will...
2023-09-11 15:13 | Report Abuse
not much shares for sales :)
Best Sell
Position
Price
Volume
Orders
1
0.08
1,729,300 = RM138,344
34
2
0.085
1,723,900=RM146,532
29
3
0.09
984,800 =RM88,632
14
4
0.095
614,500=RM60,943
11
5
0.10
1,152,400=RM115,240
19
2023-09-11 14:42 | Report Abuse
the report stated that the electricity subsector will be enhanced by increasing renewable energy (RE) capacity with a target of 31 per cent in 2025, in line with the Big Bold HGHV Industry based on Energy Transition.
2023-09-11 14:41 | Report Abuse
KUALA LUMPUR: Malaysia’s economy is on track to grow between 5.0 and 5.5 per cent per annum for the remainder of the 12th Malaysia Plan (12MP), driven by domestic demand, particularly private sector expenditure.
According to the Mid-Term Review of the 12th Malaysia Plan (12MP MTR) 2021-2025 report, tabled in Parliament today, the gross national income (GNI) per capita in current prices is projected to increase by 4.6 per cent per annum to RM61,000 or US$14,250 in 2025.
2023-09-11 11:49 | Report Abuse
KUALA LUMPUR: CIMB Group Holdings Bhd (CIMB) is raising its sustainable finance target to RM100 billion by 2024 under its Green, Social, Sustainable Impact Products and Services (GSSIPS) Framework.
Group chief executive officer Datuk Abdul Rahman Ahmad said CIMB has seen an acceleration in sustainable finance across the markets it operates in, with the growing awareness and adoption of environmental, social and corporate governance (ESG).
He noted that the group had surpassed its previous sustainable finance target of RM60 billion, having mobilised close to RM70 billion sustainable finance to-date since 2021.
"Accordingly, we are pleased to announce our higher sustainable finance target of RM100 billion by 2024, driven by the accelerating adoption of environmentally and socially responsible practices among our clients,” he said in his welcoming remarks at the Cooler Earth Sustainability Summit 2023 today.
He added that the trend is encouraging and further reinforces the group’s conviction that the transition towards greener and more resilient economies presents significant new opportunities for financial institutions such as banks to grow their business.
In line with the GSSIPS framework, CIMB’s commitment includes green, social and sustainable financing, as well as sustainability-linked, retail, corporate and commercial financing, trade financing, debt and equity capital markets, wealth management, and treasury solutions.
Abdul Rahman said CIMB is also strongly committed to playing a leading role in green and transition finance across the ASEAN region.
"In driving this commitment forward, we will continue to introduce and promote innovative solutions to support our client’s goals and ambitions in the transition towards a greener and more sustainable future,” he said.
He also announced that CIMB has entered into a Memorandum of Collaboration with Bursa Malaysia Securities Bhd to leverage its Bursa Carbon Exchange (BCX) which provides a streamlined platform for trading high-quality carbon credits through standardised contracts.
Abdul Rahman said the strategic partnership would feature collaborative capacity-building initiatives, aimed at deepening the understanding of voluntary carbon markets and improving clients' accessibility to carbon credits.
"It will also explore the possibility of enabling CIMB to effectively conduct carbon credit transactional services on behalf of our clients via the BCX platform,” he said.
In his speech, he lauded the Malaysian government’s recent policy announcements which are aimed at not just delivering on the country’s ambition to achieve Net Zero by 2050 but also adopting sustainability as a key strategy to transform Malaysia’s economic growth.
Abdul Rahman said the National Energy Transition Roadmap (NETR) would open up investment opportunities of up to RM1.85 trillion by 2050 from 10 wide-ranging catalytic initiatives, to enable the export of renewables, as well as create over 23,000 high-impact jobs.
At the same time, the New Industrial Master Plan 2030 (NIMP) aims to revitalise the country's manufacturing sector and increase its value-added turnaround to RM587.5 billion by 2030, while striving for a net-zero future, he said. - Bernama
2023-09-11 11:05 | Report Abuse
KUALA LUMPUR: The domestic market could be poised for a rebound following the conclusion of the Johor weekend by-elections although investor anticipation of further developments on the political scene may cap upside potential on the market.
Malacca Securities Research said in a note it expects the market to perform better in the near term as the Johor by-elections maintained the status quo while the positive rebound on Wall Street could spill over to stocks on the local front.
2023-09-11 10:20 | Report Abuse
At 8sen, market cap rm53mil only.
A tiny amount today
2023-09-11 10:19 | Report Abuse
Once breakthrough 10sen, aggressive chase would follow
2023-09-11 10:17 | Report Abuse
Bagus, Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London
KUALA LUMPUR: The London Stock Exchange Group (LSEG), fresh from the official opening of its flagship office here, has reiterated its commitment to stay for the long-term in the country.
Having emphasised on the importance of talent in its recruitment policy, Malaysia has been a strategic find, according to Asia-Pacific managing director and group head of sales for the global market infrastructure solutions David Day.
Despite the potential political ebb and flow that has been occurring in the country, the LSEG is committed to stay in the country, he added.
2023-09-11 09:48 | Report Abuse
kini 8sen... a soild company unlike knm... picorp could rebound much stronger
2023-09-10 14:39 | Report Abuse
CLIMATE CHANGE
- Need to accelerate efforts to phasedown unabated coal power, in line with national circumstances
- Will work towards facilitating low-cost financing for developing countries to support their transition to low carbon/emissions
- Will pursue and encourage efforts to triple renewable energy capacity globally through existing targets and policies, in line with national circumstances by 2030
- Reiterate our commitment to take action to scale up sustainable finance
- Reiterate use of carbon pricing and non-pricing mechanisms and incentives toward carbon neutrality and net zero
- Recognise need for increased global investments to meet our climate goals of the Paris agreement
- Note need of $5.8-5.9 trln in pre-2030 period required for developing countries, in particular for their needs to implement their emission targets
- Calls on parties to set an ambitious, transparent, and trackable New Collective Quantified Goal of climate finance in 2024, from a floor of $100 billion a year
https://asia.nikkei.com/Spotlight/G-20-summit-2/G20-New-Delhi-Leaders-Declaration-highlights
2023-09-08 16:47 | Report Abuse
Bila sudden jump close at 10sen, mau fly dah.. sabar ya
2023-09-08 16:45 | Report Abuse
Baguslah, picorp juga pakai EY, Big 4 juga..
Deloitte increased its global revenue by 15 per cent in the past year, as new work advising companies on their environmental impact and auditing their ESG data helped offset a sharp slowdown in advice on mergers and acquisitions.
Figures released on Thursday showed the firm extending its lead as the largest of the Big Four professional services giants, with revenue of $64.9bn in the year to May 31.
2023-09-08 16:23 | Report Abuse
Knm pun dah balik 12sen, picorp takda masalah macam knm :)
2023-09-08 16:00 | Report Abuse
Weakness in short term price is great for long term gain...
2023-09-08 15:55 | Report Abuse
Tak pasti private placement to ahli keluarga diraja arab saudi... all is well
2023-09-08 15:52 | Report Abuse
Hovering about 8sen, just be patient... any triggers would bring above 10sen
2023-09-08 08:38 | Report Abuse
To clear all shares from 8sen to 10sen, just RM few hundred Ks only.
Wait for a trigger, back to double digit anytime
2023-09-07 20:11 | Report Abuse
Rising price & volume :)
2023-09-07 0.075 0.08 +0.005 (6.666%) 3,837,400
2023-09-06 0.075 0.075 +0.005 (7.142%) 817,000
2023-09-05 0.075 0.07 -0.005 (6.666%) 200,000
2023-09-04 0.07 0.075 +0.005 (7.142%) 2,817,700
2023-09-01 0.07 0.07 0.00 (0.00%) 1,090,000
2023-08-30 0.07 0.07 -0.005 (6.666%) 226,700
2023-08-29 0.07 0.075 0.00 (0.00%) 2,451,700
2023-08-28 0.07 0.075 0.00 (0.00%) 1,094,100
2023-08-25 0.075 0.075 0.00 (0.00%) 1,220,800
2023-08-24 0.07 0.075 +0.005 (7.142%) 1,368,500
2023-08-23 0.075 0.07 -0.005 (6.666%) 2,690,000
2023-08-22 0.075 0.075 0.00 (0.00%) 1,670,800
2023-08-21 0.075 0.075 0.00 (0.00%) 571,000
2023-08-18 0.075 0.075 0.00 (0.00%) 4,293,100
2023-08-17 0.075 0.075 0.00 (0.00%) 238,200
2023-08-16 0.075 0.075 -0.005 (6.25%) 10,000
2023-08-15 0.08 0.08 0.00 (0.00%) 233,000
2023-08-14 0.08 0.08 0.00 (0.00%) 675,200
2023-08-11 0.08 0.08 -0.005 (5.882%) 3,369,300
2023-08-10 0.075 0.085 +0.01 (13.333%) 1,447,600
2023-08-09 0.08 0.075 0.00 (0.00%) 97,300
2023-08-08 0.08 0.075 0.00 (0.00%) 17,000
2023-09-07 16:48 | Report Abuse
Indeed, environmental ESG (Environmental, Social, and Governance) businesses can have significant growth potential. As society becomes increasingly aware of environmental issues and governments implement stricter regulations, there is a growing demand for sustainable and eco-friendly products and services. Companies that prioritize environmental sustainability can tap into this expanding market, attract socially conscious investors, and benefit from long-term profitability. However, success in the environmental ESG sector also depends on effective management, innovation, and staying aligned with evolving environmental standards and consumer preferences.
2023-09-07 16:18 | Report Abuse
7.5sen cleared ~ 4mil shares, next 8sen to be cleared cheers
2023-09-07 14:03 | Report Abuse
Ytl from 50sen+ ->rm1.4++, hope picorp''s turn :)
2023-09-07 12:15 | Report Abuse
Progressive Impact Corporation Berhad (PICORP) is good at environmental testing and monitoring services because of the following factors:
Experience: PICORP has been in the environmental testing and monitoring services industry for over 30 years. This gives them a wealth of experience and expertise in a wide range of environmental testing and monitoring services.
Expertise: PICORP has a team of experienced and qualified environmental engineers and scientists. This ensures that they have the skills and knowledge to provide accurate and reliable environmental testing and monitoring services.
Technology: PICORP uses state-of-the-art equipment and technology in their environmental testing and monitoring services. This ensures that they can provide accurate and reliable results.
Accreditation: PICORP is accredited by the Malaysian Accreditation Council (MQA). This means that their environmental testing and monitoring services meet international standards of quality.
Customer service: PICORP is committed to providing excellent customer service. They have a team of dedicated customer service representatives who are available to answer any questions or concerns that you may have.
In addition to the above factors, PICORP is also committed to sustainable development. They believe that environmental protection is essential for the future of our planet. PICORP is committed to providing environmental testing and monitoring services that help to protect the environment.
Here are some of the specific environmental testing and monitoring services that PICORP offers:
Air quality testing
Water quality testing
Soil testing
Noise pollution testing
Hazardous waste management
Environmental impact assessments
Environmental auditing
Environmental management systems
PICORP also offers a variety of other environmental services, such as:
Environmental consultancy
Environmental training
Environmental remediation
Environmental project management
PICORP is a leading provider of environmental testing and monitoring services in Malaysia. They are committed to providing accurate, reliable, and sustainable environmental services to their customers.
2023-09-07 12:14 | Report Abuse
environmental testing and monitoring services, including:
Air quality testing
Water quality testing
Soil testing
Noise pollution testing
Hazardous waste management
Environmental impact assessments
The environmental testing and monitoring services industry is a growing and important sector of the Malaysian economy. The industry is expected to continue to grow in the coming years, driven by a number of factors, including increased government regulations, growing awareness of environmental protection, and expanding infrastructure projects.
2023-09-07 12:13 | Report Abuse
The environmental testing and monitoring services industry in Malaysia is expected to recover in 2023, after being hit hard by the COVID-19 pandemic in 2020 and 2021. The pandemic caused a slowdown in economic activity, which led to a decrease in demand for environmental testing and monitoring services. However, the industry is expected to rebound in 2023, as the economy recovers and businesses resume operations.
The growth of the environmental testing and monitoring services industry will be driven by a number of factors, including:
Increased government regulations on environmental protection.
Growing awareness of the importance of environmental protection among businesses and consumers.
Increasing investment in infrastructure projects, which will require environmental impact assessments.
Expansion of the manufacturing sector, which will generate more pollution and require environmental monitoring.
The COVID-19 pandemic has also created new opportunities for the environmental testing and monitoring services industry. For example, there is a growing demand for testing and monitoring services for COVID-19, such as testing for the virus in the environment and in employees.
The environmental testing and monitoring services industry is expected to grow at a compound annual growth rate (CAGR) of 6.5% from 2022 to 2027. The growth of the industry will be driven by the factors mentioned above, as well as the increasing focus on sustainability and green initiatives.
2023-09-07 12:10 | Report Abuse
The Malaysian Hospitality Investment Intentions Survey 2023
We are excited to unveil the findings of the latest survey, the Malaysian Hospitality Investment Intentions Survey for 2023.
Here are the highlights:
• Kuala Lumpur emerges as the most favored location for hotels, but the rankings highlight the ongoing appeal of other major locations like Penang, Langkawi, and Melaka.
• Respondents show interest in investing in city hotels, beach/ highland resorts, and boutique hotels, indicating a preference for unique and personalised accommodations.
• Investors are becoming more optimistic, with a substantial increase in the expectation of achieving net returns of 5% to 6%.
• 96% and 90% of respondents report an increase in occupancy rates and average daily rates respectively, reflecting positive momentum and improved market conditions.
• 40% of respondents expect the hospitality sector’s full recovery to occur in the second half of 2023, indicating growing optimism and confidence in the industry’s recovery.
2023-09-07 11:41 | Report Abuse
More than 3mil shares ++ cleared.. Good sign
2023-09-07 11:09 | Report Abuse
More Biz coming ,
KUALA LUMPUR: RHB Research does not discount the government rolling out infrastructure projects as early as the fourth quarter of 2023 (4Q 2023) with political overhang abating post state elections.
With the elections done and dusted, the federal government may now be able to focus its efforts to roll out big ticket infrastructure projects, in addition to implementing institutional reforms.
The value of construction works done in Q2 2023 reached RM32.4 billion, up 8.1 per cent year-on-year (YoY).
In the same period, the economic output of the construction sector grew 6.2 per cent YoY, marking the fifth consecutive quarter of YoY growth.
"Out of the 10 companies under our coverage that reported results, one came in line, two exceeded expectations and seven fell below estimates. "The underperformance was mainly due to earlier billing progress assumptions being too optimistic. "We believe that the adequate supply of labour should result in higher revenue recognition of projects, as they move along the S curve in the coming quarters," it said.
Key events to look out for in the near term is the tabling of the 12th Malaysia Plan mid-term review (12MP MTR) on September 11 that had initially outlined RM400 billion worth of development expenditure for 2021-2025.
"We are hopeful of key infrastructure projects to be mentioned in the 12MP MTR such as the Penang light rail transit, mass rapid transit 3, Johor Bahru-Singapore rapid transit system link and the Pan Borneo highway."
The firms top picks are Gamuda, Sunway Construction Bhd and Kerjaya Prospek for their commendable earnings visibility over the next three to six years.
It maintained an "Overweight" call on the construction sector.
2023-09-07 09:45 | Report Abuse
35sen->6sen->8sen now->what's next? Knm repeats itself in picorp
2023-09-07 09:12 | Report Abuse
the german saw knm undervalued, sapu a lot of syer from the open market.. the same could happen to picorp anytime
2023-09-07 09:11 | Report Abuse
if the msian founder dah tua dan tak berupaya bring picorp to greater heights, better cash out and let others including foreign companies to bring it to greater heights..We have proton as a good example too
2023-09-07 09:09 | Report Abuse
many opportunities for msian companies in saudi arabia///https://www.msn.com/en-my/money/topstories/mgb-expects-concrete-benefits-from-saudi-mass-housing-venture/ar-AA1gjhDS?ocid=msedgdhp&pc=U531&cvid=a8fa1bbb220e4284a9757f6d1057a84c&ei=46
2023-09-07 09:02 | Report Abuse
Like knm, not many shares in the open market, once buying started, all the way up like knm
2023-09-07 09:01 | Report Abuse
Accumulate while it is undervalued..
No need to wait Till knm case baru kejar :)
Stock: [PICORP]: PROGRESSIVE IMPACT CORPORATION
2023-09-14 13:35 | Report Abuse
Reversal patterns are near, oversold