It should return 10sen & above anytime

Jika lantun balik 50% drp 52 week high at 35sen~18sen

Worth keeping n accumulating

Any Saudi Prince or Indonesian tycoon interested to acquire picorp like KNM? :)

Many M&As surface now

https://theedgemalaysia.com/node/681385

founder to take it private for relisting, etc also possible.... sapu dan simpan

at 7.5sen, market cap is below RM50mil.... waiting for a trigger to fly non-stop like in Feb 2023

renewable energy focus, but we will need more than that to drive the economy. ESG is the future

hope picorp would also be appointed as Certifier for ESG status like Puspakom for car/motor vehicle health in addition to its existing biz segments :)

Picorp, jadi green or esg certifier or many mau service esg, picorp boleh bantu

52 week high at 35sen in Feb 2023, let's see, how high could it melantun :)

ESG roadmaps amongst our Malaysia property developers, and their journey to carbon neutrality by 2050. And how does this translate into the projects with green building certification?

Bottom up strategy ... accumulate

unfazed by stock volatility, sees potential in Saudi Arabia, Indonesia & Malaysia

Environmental, social, and corporate governance (ESG), also known as environmental, social, and governance, is a set of aspects considered when investing in companies, that recommends taking environmental issues, social issues and corporate governance issues into account.

An idea push by WEF/UN to control and tackle global warming issues.

ESG will also be linked to your social credit scores. A day will come whereby they will dictate what, how much and where you can buy.

The government launched the long-awaited New Industrial Master Plan 2030 last Friday with the aim of doubling the contribution of the manufacturing sector to GDP to over RM500 billion ringgit in 7 years.

The New Industrial Master Plan 2030 emphasises the role of SMEs as a key contributor to economic growth, targeting to double SME exports to 25% in seven years.

Pertumbuhan domestik Malaysia diunjurkan terus bertambah baik, disokong oleh permintaan dalam negara yang berdaya tahan dalam situasi pasaran buruh yang stabil dan sektor perkhidmatan terus meningkat.

NIMP 2030:

Many sectors benefit, solar energy, construction, pharmaceutical, petrochemical, etc would boist picorp's Biz further

Anwar highlighted the forthcoming realisation numerous significant infrastructure undertakings, incentives, initiatives and allotments designed to benefit SMEs, national energy transition roadmap, renewable energy, opportunities worth up to RM1 trillion for grab

Madani economy- clearer direction on the fiscal policy & economic growth

Msian balance of payments sentiasa positive

Revival in tourism, reduction in corrupt practices in the public sector..

Madani economy, new economic model

Monetary policies aiding ringgit strength, foreign reserve standing strong

Ringgit might be oversold... government focus into economic growth while maintaining social welfare

Msia export oriented nature to benefit, elevated commodity prices lifted the msian export earnings and sector inflow

Clearer direction in fiscal stance, stabilising monetary policy , should practise bottom up strategy now

Opportunities for investors to accumulate upon short term weaknesses

Rising loan growth, influx of foreign tourist arrival, household spending growth, etc under the madani govt

Time4investors to refocus on msia

Potential reform of subsidy... now even foreigners here r getting it

Msian inflation n core inflation much lower than our developed peers

Global demand recovery take effect in 2024/25, upside surprise for us

Econ growth Malaysia remains resilient aided by domestic consumption & investment growth

Foreigners r back, local investors yet to be seen

Appetite for msian equities, subsided political uncertainty, 2024 positive globally onwards, Malaysian bourse to return to the past glory

Small caps boosted by Infra related sectors in Malaysia

Boosting the Biz like picorp...

Note:

The Malaysian Institute of Accountants (MIA) advocates for accountancy professionals to upskill on sustainability and ESG matters as well as climate-related measurement and reporting, to support Malaysia’s shift to sustainability

Investment from geely, aramco, tesla, infineon, etc would create more Biz opportunities for Biz like picorp

New msia govt, new policies, environmental issues surely becoming more n more important. Examples: waste mgmt & disposal, environmental cleansing, etc

Ongoing recovery in many sectors, right timing now

Bottom up driven strategy, invest in ESG related stocks now

Corporate restructuring continues remains active

tren picorp, memang macam ni.... syer2 murah diserap in stages, lepas tu, naik dengan mengejut... sabar ya!

many retailers chased the share till 35sen earlier this year... some were forced to sell by the banks probably... margin financing

Retailers terpaksa lepaskan syer murah kpd investor kaya kerana mau guna wang...

Cash is king

After accumulating enough sufficient undervalued shares by certain investors from retailers, it would fly higher... need patience, stay calm

what's next for picorp? According to the latest shareholding data as of March 22, 2023, Bank of Singapore Limited, an asset management arm of Singapore’s largest bank DBS Bank, is the second largest shareholder of Progressive Impact Corporation Berhad (PICORP) with a 8.24% stake.

KUALA LUMPUR: Sarawak is one key state in Malaysia where transitioning towards a low-carbon economy can mitigate climate change impact, foster economic growth, and promote social development.

SYDNEY: Asian shares inched higher on Monday as markets wagered the Federal Reserve was done raising U.S. interest rates, and on hopes the drip feed of policy stimulus from Beijing would be enough to stabilise the Chinese economy.

A holiday in the United States made for a slow start ahead of key readings on U.S. services and Chinese trade and inflation later in the week.

More policy action is also expected from Beijing, including relaxing restrictions on home buying.

There was relief that embattled property developer Country Garden won approval from its creditors to extend payments for an onshore private bond.

ESG

As a leading advocate for the adoption and integration of the environment, social and governance (ESG) agenda by businesses, MIA commends Budget 2023’s generous allocations for enabling sustainable transformation said Dr Wan Ahmad Rudirman. The salient measures to note in the Budget include:

BNM to provide a RM2 billion fund to support start-up companies in green technology and encourage SMEs to adopt low carbon practice.
Khazanah to provide RM150 million to encourage environmental-friendly projects, including supporting the carbon market and reforestation.
Improved implementation of Skim Pembiayaan Teknologi Hijau (GTFS) where the guaranteed value is increased to RM3 bilion until 2025.
A proposal to extend the Green Investment Tax Allowance (GITA) dan Green Income Tax Exemption (GITE) until 31 December 2025 by enhancing the period of encouragement from 3 to 5 years for eligible green activities.
RM30 million allocation to support more activities in relation to Sustainable Development Goals (SDG).

Local communities should thus focus on projects that re-educate the younger generation on the underlying principles in waste management that eventually lead to the establishment of WTE plants. — Bloomberg

IN the face of urgency to shift towards sustainable practices, the recently proposed Sultan Idris Shah (SIS) waste-to-energy (WTE) Green Energy Plant in Rawang, Selangor, emerges as a crucial stride toward a responsible future.

In a world grappling with depleting landfill capacities and escalating environmental risks, this project holds immense significance that cannot be overlooked, especially as Malaysia celebrates its 66th Merdeka Anniversary.