Preshbd shall fly..fly...to facilitate humankind....for better... We traders as well reap the benefit...go go oressbhd .trusy in you presbhd fighters hahaaa

IT niche is consolidating taking opportunities avail covid 19 episode.... See the needs of vc , work fm home, academic sectors...industry, services sector etc..all are in thirst to accomodate and adjust to new living style... IT proven it versatility and huge economic catalyst for the new world living together with covid... Let see the truth..imagine living without IT....... Just let off your hp 1 hr... How do you feel? Loner? Lost?...hahaaaaaa

Mrng zerocool.... Howdy

Fortune teller tells.. 22 Mei 2020price just crossed above MA 100, strongly supported 2) It maintain above MA 20 3) Next resistance at 0.330, once break this R, price will move higher Let us monitor... Trust your guts..hwhaa

Morning Robo.... Good to see u...

2 July Judgement day...hahaaaaaaa tighten your seat belt

Not to long from now 27 mei to 2 july....roughly 33 days time frame... ..going to kiss 0.50¢ soonest..the charts tell it all.... Trust presbhd... Trust yourself

CL-F loitering usd 34.00... emmmmm not bad..Demand for jun july for oil looks + as econony mechanism start opening up..in view of covid...

Nasdaq up + 15 points and DJ +529 points... Optimism high for global recovery

.Come 2 July... Most likely Skin reinstate..... High probability. Hahaaaaaaaa better collect now or regret later

Genting ariossss merry go round

Arbb sailing southva while hahaaa

Where is hobo?

Ayaaaa...its choose to go south...

Basista..how could you say arbb power? Come on guys

Support resistance nex low level? 30¢ hahaaa

Ayaaaaa

Jay why u worried with incoming PA shares.. PA. ?

1 lot is 100 units maaaaaa not 1000 units . Thats old lot

Last Q...presbhd profit or loser

.Profitgrow..u re telling yourself or whom..... If too expensive. Dn't buy. Thats the market force which determine the price..not me not u the market..... Me too wish time can be rewind to mac if possible... Comee on be rational and talks something achieveable and logic...hahaaaaaa

Top 30 active counters

Rally is on...tighten your seats belt guys

Thats a huge lot of money panji alam

.Prestariang Seek a Contract Payment of RM732M for the Unilateral Termination of SKIN by Government of Malaysia
15 Apr 2019
Corporate Communications
Press Release
Kuala Lumpur, April 15, 2019 – Prestariang SKIN Sdn Bhd (PSKIN), a subsidiary of Prestariang Berhad today filed a legal claim totalling RM732 million against the Government of Malaysia (GOM) for the GOM’s unilateral termination of the Sistem Kawalan Imigresen Nasional or SKIN project by way of expropriation. This sum payable is calculated based on the contractual formula provided in the CA which had been agreed to by the GOM.

Parties had engaged in a few rounds of negotiations but were unable to reach an amicable settlement on the quantum. As a last resort, the Board of Prestariang is now fiducially obligated and compelled to litigate for its contractual payment.

PSKIN secured a 15-year concession on August 9, 2017 to design, deliver, continuously maintain and provide scheduled upgrades for a new and much improved immigration and border control system for Jabatan Imigresen Malaysia. This would replace the existing Malaysian Immigration System (MyIMMS) but with added functionalities.

Under the Concession Agreement (CA), PSKIN was to receive approximately RM3.5 billion over the 15-year concession period, subject to the entire capital expenditure being privately funded by PSKIN. Payment to PSKIN by the GOM would only commence after SKIN is completely operational.

PSKIN had undertaken extensive technical studies and works on the project since 2014 and substantial amount of expenses have been incurred. PSKIN had also entered into numerous third-party contracts for the purpose of executing the SKIN project.

In its legal claim, PSKIN highlights that the CA clearly spells out the GOM’s obligations in the event the project is unilaterally terminated by way of expropriation. Prestariang wish to reiterate PSKIN has never defaulted on the CA. Despite the agreement for a 15-year concession, the GOM unilaterally terminated the CA by way of expropriation, which took effect on January 22, 2019. PSKIN strongly believes that the CA was fair and reasonable.



Backgrounder

1. In August 2017, Prestariang SKIN Sdn Bhd (PSKIN) signed a 15-year concession agreement (CA) with the Government of Malaysia (GOM) to implement a RM3.5 billion Sistem Kawalan Imigresen Nasional (SKIN) or border protection project.

2. Prior to being awarded the contract, PSKIN had to undergo three years of comprehensive technical, commercial and legal evaluation by Ministry of Home Affairs and other relevant Government agencies including Jabatan Imigresen Malaysia (JIM), Malaysian Administrative Modernisation and Management Planning Unit (MAMPU), Unit Kerjasama Awam Swasta (UKAS), Economic Planning Unit (EPU), Ministry of Finance (MOF) and the Attorney General’s Chambers (AGC).

3. In December 2018, PSKIN received a letter from the Home Ministry confirming the Cabinet’s decision to terminate the SKIN project by way of expropriation. The termination took effect on January 22, 2019.

4. PSKIN is not in default of the CA and is entitled to payment based on the formula set out in the agreement.

5. PSKIN in a media statement dated January 22, 2019 clarified that the key payment terms of SKIN were not financially burdensome to the GOM. PSKIN was to finance, build and operate SKIN for 15 years before transferring it to the GOM.

6. The SKIN project is a self-funded project which could have generated new income and created savings for the GOM.

Why weird?

Hahaaaaaa

Overbought...means price looking up..... But marginal players may drag it down a bit support lvl ....

Or even 60¢ hahaaa

By then pres hovering 45¢ alrady...

Sinoboy 2 july . Good news

ArBB touching 41¢ before retard back to .36.... Presbhd come on

Compete ARBB. Same in Technology

Luv u pressbhd..come on press on rocketing

Yesssss kissing 32¢

Next monday close public hday... Tues back ibto action....

Long weekend expected..stay cool guys

Raya mood

Ahmad...bro...put political at side but political push factor influence must not be ruled out... Politics keyboard is dangermouse but the wind of political wavelength must be put into the parameter..2 different things ..... See omni direction not mono or even stereo approaches of mindset...hahaaa hepi trading guys

Yes Robo salute to u for highlighting the facts and argument wise.. zerocool sure cool man...logikal is there.... Emm every things happrn there is reasons behind it... We need vision and superman eyes to see blow through.... Press on presbhd fighters

Henry u rite agreed...emm

Ayaaaaa

Next TP.... What?

Arbb.. emm

Therealdeal... U dream of what.. me confuse.. me to want to dreammm but... Emmm always bad omen hahaaa

Hope tmrow better day..hayaaas when to reach 0.35....

Small ppl ma..... Up up presbhd..thats the durection should be hahaa

Presbhd fighters ..buldoze through... Kick away politics its just a nuisance.. as long as $ in trading..i am hepi.......

Newbe. U rite... Bro... If we start mixing politics in bz... It may never ends. I dont like it at all ..its no goid for bz health ...never can be satisfied. But the 2 entities complemented and supplemented one another... Unseparated.... But but . as long as the ppl in majority benefited fm it and no or less kleptocrats and nepotisms culture ... I feel mostt assured the tax payers $ being optimised ... Thats should be an ideal. THIS culture you mention is not a good sign to.... because it benefited a certain portion gp of ppl..especially when self interest exist. Its an omen actually. . .no good . But its part of parcel.
Back to presbhd.... I agreed with you...Newbe... But but on contrary.. honouring T&C and binded agreement (bz perspective) also need to be respected and honoured regardless.....failure of course penalty may take place. FDI is watching the level of confidence and integrity of the gomen in power.. this is critixal to decider factor to be in or shy off fm our market bourse.... The spill over effect need special attention to not only local investors... Neglecting may cause our mkt less attractive to them cos political turmoils and erode the confidence for them to bring in $ into our mkt.... No good..

Either way presbhd win win... And if judgement in his favour.... Likely reinstate... Skin...presbh will flyyyyyyyy beyond the moon haha