brahmal buying? any link for the news?

want to revisit historical low at around 50 cents?

shareholders scare gamuda incident may happened to presbhd?
but bank loan also already got. still so worry?

i think he's from no man land. he's just too lonely.

bunuhsateman, you are a real legend.

here's his comments lists:
https://klse.i3investor.com/servlets/cube/post/bunuhsateman.jsp

back to falling mode?....

does it mean financing had secured? meaning SKIN will proceed as expected? Since the fund came from Bank Pembangunan Malaysia....it's a government division?

PRESTARIANG BERHAD ("PRESBHD" or "THE COMPANY") - TAWARRUQ FINANCING FACILITY AMOUNTING TO RM109,000,000 FOR PRESTARIANG SERVICES SDN BHD AND TAWARRUQ FINANCING FACILITY AMOUNTING TO RM869,377,000 FOR PRESTARIANG SKIN SDN BHD FROM BANK PEMBANGUNAN MALAYSIA BERHAD

SKIN?

market is still waiting for the completion of government's review of the SKIN project.
i guess share price won't move (hopefully it's an UP) until that day.

so public bank said the contract is expected, not some new catalysts. And, strong USD could suppress its margin...meaning government is paying RM, while Microsoft is receiving USD....emm....not so positive, just neutral.

no action....maybe the contract is not attractive at all....

falling knife....

poor results mainly due to Microsoft software sales to the government had reduced tremendously by 61%. So the question is, will government continue to buy Microsoft licensing from PresBhd? Or there is other channels? Or, government decides to change system to reduce software licensing costs?

how to explain the depressing share price in past few years? Even when Najib bro is PM?
if malton's management and major shareholders decides to let its share remains as a hidden gem forever, then it can only be a value trap that won't benefit minority shareholders. As for the major shareholders, their purpose of holding the stake is for control power of the company instead of capital gain of trading the shares.

wait for 15% correction :P

the major concern right now is that The Star article few weeks ago, publishing saying a minister (forgot which one) mentioned SKIN particularly and said he will review it again. Before we hear feedback from him, the stock price will continue to hanging around here without taking off.

if SKIN is confirm on, 1.40 is too low.
if SKIN is confirm off, 1.40 is too high.
so for 1.40, it's about SKIN hanging there but probably reduced scale.
:)

if bunuhsateman bought at high price, that could be RM3-RM4. If he bought 1 million ringgit, today his investment only left RM200k-RM300k. Pity for his failure, no wonder he is so piss off.

bunuhsateman have been selling for a year or even longer, and he still not yet sold off all his shares? Still shouting to sell. How many shares did he buy? 10 million? Oh boy, he must be really broke now, losing millions ringgit already. That's hurt. Bless him.

before new government make a firm statement, this stock will continue to suffer.

haha! it already go down too fast. So, now it's chance to go up too fast.

fundamentally, if SKIN could continue without touching any changes, may target for 2.25, otherwise depends on how the changes are.

i will wait at least to 1.28 for 1st batch sell.

現在最擔心不是終止SKIN，而是殺價。

today extraordinary trading volume....should have some news coming up soon, be it bad or good....

40% papar lost already...

panic sell mode already....hmm....

wow...moving towards 52-weeks low...

thanks for sharing Razman. Looks like that's why today price dropped seriously.

source please?

any source saying SKIN will be reviewed?
price dropped now...

cimb's TP is 2.05.

cimb has update on SKIN today.

good rebound today...

hopefully, kelvin. haha

no update news on its SKIN? major concern is if it will be cancelled by the new government.

All BN "friends" got paid "A LOT!!" before the project completed.
But for the Prestariang case, it's the opposite. Not paying for 3 years!!
What that means? Well....maybe it is not BN's friend, which is a good thing now.

had government signed the contract with Prestariang? If so, government cannot reject without paying some money. But yes, if got problem on continuing SKIN, share price will free fall for a while. However, market has already priced in some amount of this risk. Share price already dropped more than 50% from its all time high vs today's closing price.

Two risks:
1, valuation is high, priced in certain percentage of SKIN's income.
2, SKIN is still not being confirmed by new government.

One positive (my opinion):I like the management so far, I think they are capable and professional.

Conclusion: 50/50, which means risks still applies to holding this stock. fyi, i am still holding some shares, although i sold about 20% of my holdings before the election.

CIMB Report:
At Prestariang’s 1Q18 results briefing on 16 May, CEO, Dr. Abu Hasan Ismail said the
Sistem Kawalan Imigresen Nasional (SKIN) project, which is a public private partnership
(PPP), is a must have national security project in view of many weaknesses in the
“MyIMMs” existing IT infrastructure network. Prestariang has already gone through all the
due processes required with the previous Barisan Nasional government over the past 4
years and has been transparent in its business process, the CEO said.

The Immigration Department has seconded 60 of its own full-time staff to the SKIN office
in Cyberjaya for 6 months, an indication of its commitment to the SKIN project. The
company believes the new Pakatan Harapan government is unlikely to renegotiate new
financial terms for SKIN. Prestariang practices an open book policy, which means the
government would know what and how much is its ongoing capex for SKIN. On potential
forex exposure, it said only 10% of the project costs are exposed to the Euro.

Educloud is already 50% complete, working with global partners like Amazon and
Microsoft. Educloud would integrate education, training and employment services into
one single platform and is working with National Higher Education Fund (PTPTN), to
develop a job matching platform that matches student borrowers with jobs that match
their profiles and provide them with pre-work training. UniMY will lead the holistic value
chain for education, training and employment services for the company.

SKIN’s prospects transcend Malaysia. Together with its foreign partner, INCS (a unit of
INCA that acquired Thales’s identity management business), Prestariang and its foreign
partners are looking to launch similar projects in the region, Africa and the Middle East, in
the near future.

UniMY had 513 students in Apr 2018 and they are moving to a new campus in Cyberjaya
in Aug, which has a capacity to hold 3,000 students. The first batch of students has
already graduated and 97% of them have secured new jobs in the industry. However,
UniMy is still bleeding, losing RM1.4m in 1QFY18. The company has indicated it is
looking to work with external parties to cap the losses at UniMY.

We maintain our EPS forecasts and Add recommendation. TP falls from RM2.15 to
RM2.05 as we update our net cash as at end-Mar; valuation basis remains unchanged at
a 20% discount to our SOP/share of RM2.56 to reflect potential delays in the construction
of SKIN given the possibility of new negotiations with the PH government. Re-rating
catalysts are no delays in the construction of SKIN infrastructure while downside risks are
further delays in construction due to potential negotiations with the new government.

kelvin1, how to share? it's a pdf file

strong rebound!
what's the good news?
on SKIN, public bank report neutral, cimb report positive.

received the annual report. i really like their style, everything clearly written and explained. Very clear picture of the company's direction and performance.

anyone knows what are the stocks icap holding at the moment?
what stocks did it sell to put latest quarter results to look this bad?

SKIN financing still not finalize?

i thought 18% and 0.18x is the same thing? i read research papers using them, one or another.

even with the readjusted financial, net gearing stood at just 0.18x, still consider very good.

cannot access the fb page. What happened? Buyers complaint mahsing? Or what?

what's up guys, still alive? :P