Golden buying opportunity now

file:///C:/Users/Danny%20Chong/Downloads/Perak%20Transit%20220524_Amended.pdf

Aminvest has amended its report to

As at the end of March 2022, its PFF segment’s order book
amounted to RM30mil which will be recognised over the
next 12 months.

thanks TreeTopView.

At first I was also a bit concerned over the lower profit margin.

Does it make sense??????

As at the end of March 2022, its PFF segment’s order book amounted to RM30mil which will be recognised over the next 12 months. We understand from management that there will not be any recognition of PFF in 2QFY22 as the project is expected to be completed in the subsequent quarters.

I did a back of the envelop calculation. the last profit without PFF is 13m & the increase of rental for last Q is 3M. I'm pretty sure they have collected the PFF hence I'll be disappointed if it fall short of that.

Expecting around 16m in profit

I did attend the AGM. Nothing special. QR should be this evening

AGM at 9am on Monday. Usually, the directors will meet on the same day & announce QR in the evening.

The video is by Double Sword. My personal view is it is looking a bit tire at current level. Prefer to enter when the handle is formed. 63.5 should be a reasonable support. I also agree with unclelimhuat & looking forwards to a better QR.

Looks like a strong opening

standing very firmly at 67 indeed.

DragonG, you are welcome.

Looking good

https://www.youtube.com/watch?v=TblNVyi0vRk

Great QR. 1.5 sens dividend

moving up to 65.5 cautiously

Yes, mopping up the weak holders at 64.5

From the AR, I notice there are more fund investors. Number is more but no substantial one

Emox, He is hungry. More projects to be announced soon.

This time play for real???????

MY thought on the PP is since the management has decided on this path to expediate the development of the company so be it.

It is good to note that the boss is aware that this PP could and in fact did cause the short term players to leave the counter momentary hoping to return at a lower cost. He was acquiring more share at the 60 sens level on Monday.

For the mid term players, the EX -dividend date is 28/4 and the highly anticipated better QR is to be announced end of May. During this period, the share prices should be able to hover around the current level.

For the long term investor, the growth in profit has to be generated rapidly to provide a bigger cake for all to share.

Imho, I don't think the PP is required although it might expediate the process of signing more TMCs. The rest are all budgeted and could be easily satisfied by the near term internally generated earnings.

On the issue of improved share liquidity, it contradict of their previous move of share consolidation of 3 into 1.

Sifu TreeTopView brought out a good point of cornerstone investor(s). I think Knownfact also hinted on Dato' Eddie Ong could be the candidate. I totally agree that all already been arranged as suggested by the tight timeframe involved.

Good to see so many sifus in this thread.

In the Star report today, Ptrans ESG rating to improve because of the electric buses, will it contribute positively to the bottom line of the company?

The issue price of the Placement Shares shall be fixed by the Board at a later date after the receipt
of all relevant approvals for the Proposed Private Placement based on the prevailing market
conditions and the 5-day volume weighted average market price (“VWAP”) of PTRANS Shares.
The Placement Shares will be priced at not more than 10% discount to the 5-day VWAP of PTRANS
Shares immediately preceding to the price-fixing date for the Placement Shares.
For information, the 5-day VWAP of PTRANS Shares up to and including the LPD is RM0.6019.

indicative issue price of 60 sen per placement share but not confirmed

let's see how the market react to this proposal in the coming few days

The Board, after due consideration of the various fund-raising methods, is of the view that the
Proposed Private Placement is the most appropriate avenue for raising funds as:-
(i) It enables PTRANS to raise additional funds without having to incur interest expense or service
principal repayment as compared to conventional bank borrowings. This allows the Company
to preserve cash flow for reinvestment and/or operational purposes for further growth;
(ii) It is an expeditious way of raising funds from the capital market as compared to other forms of
fund raising methods; and
(iii) It enables PTRANS to strengthen its equity base which in turn may potentially increase the
liquidity of PTRANS Shares.

Do you agree?

TreeTopView, what do you think?

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3251283

Moving up nicely.

473,000 shares at 61 sen was mopped up in the morning session.. Are we heading towards the immediate resistance of 63.5 now?

Market responded at support level of 59 but capped at 61???

TReeTopView, I share the same feeling

DickyMe, do you think the buying is fake?

Can sense some buying interest for the past two days

What is happening today? Price inching up but volume has shrunk?

For those who are concerned about the impact of raising interest rate & oil prices.

Are interest rates upcycle and higher crude oil prices affect PTRANS bottomline? Although the market may speculate the inevitable rate hike by BNM in 2H22 will affect fixed asset operators such as REITS due to increase in the cost of borrowing, we note that majority of PTRANS’ borrowing is dominated by Sukuk Murabahah - 98% of total borrowing in 4QFY21, with an outstanding RM100m of the RM500m facility unutilized – where PTRANS have interest rate cap as preventive measure (source). Also, the increasing diesel price that was driven by the surging global oil prices will not impact PTRANS materially much as the group’s bus have been pumping subsided diesel which is fixed at RM 1.881/litre (vs current price of RM2.15).

TreeTopView, great job. You are very focus on your investment.

Thanks for sharing

Better days is in sight.

QR out jor, how?

000The Group's revenue of RM134.1 million in current financial quarter outperformed the preceding financial year's
corresponding quarter of RM101.0 million by 33%. The higher revenue recorded in the current financial quarter was
primarily due to increased construction activities and higher sales achieved by manufacturing division. However, the higher
contribution from both the construction and manufacturing division was pared down by a net loss of RM3.6 million
recognised on quoted investments. Profit in the preceding financial year corresponding quarter included a total gain of
RM7.1 million on quoted investments.
Construction Division
The construction division achieved a notably higher revenue of RM123.2 million compared to RM92.5 million in the
preceding financial year corresponding quarter. The higher revenue recorded in the current financial quarter was primarily
due to greatly increased construction activities as many of the on-going projects were in the advanced stages of
implementation. Despite the 33% increase in revenue, the profit increased marginally by about 5% or RM0.8 million as
compared to the previous corresponding financial quarter of RM16.9 million, primarily due to higher provision for
rectification cost of RM2.9 million recognised in current financial quarter from Singapore's operation.
Manufacturing Division
Sales from the manufacturing division grew by 28% to RM10.9 million in current financial quarter as compared to RM8.5
million in the same financial quarter last year, while PBT rose significantly by 125% to RM2.1 million from RM0.9 million
recorded in the same financial quarter last year. The significant growth in profitability of this division is due to improved
revenue and higher selling prices in current financial quarter, resulting in better cost absorption, operating efficiency and
margins00000000000000000000000000000000000000000000000000000000000000000000000

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=217340&name=EA_FR_ATTACHMENTS

The share price hit 1.38 4 times. Need a very strong set of QR to breakout

I did. Generally, the management is optimistic about this year prospect with double digit growth. I'm just hoping for 2.8 sens dividend per Q.

The army is lining up to tackle the previous high of 1.45

Agree with Brutus that long term prospect is bright, especially their expansion into the China market. From 24,000 to 28m. The export expanded 47% too. The growth is commendable.

Yes, with 208m cash in hand, one sen dividend is disappointing. Bank borrowing is only 84m. The management has not indicated how they intend to use the money. The inventory of 130m is much higher than the 73m in 2020. This should be good as cost has risen lately.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3233727

trader808, good point!