thanks for sharing, really good insight

How much you willing to lose? That the risk for you

Some folks here just speculate that the return is higher than the risk, if you are scare of the potential lose, just put your funds in FD

No need to argue here, all investment have risk and we all know about it

Do not sell at 1.07!! The boss wanted to collect more share at cheaper price, it wont get delisted!!!

Here are some key insight from the management & owner Adel, Lim Beng Guan, Khong Ho Ming of PEB and reNIKOLA at the Rakuten Webinar yesterday night.

-PEB will be the largest pure play renewable energy company in Malaysia

-Both 5MWp and 38MWp in operation performing well above mark while another 45MWp by April 2021.The 330MWp is expected to built by major regional EPCC player by end of 2022(not from any local listed company)

-Aspiration of reaching 1GWp by 2025 via organic and acquisitions

-reNIKOLA committed to ESG centric policies

-Regional ambitions to expand in SEA and Asia

-Corporate exercise via issuance of new PEB shares to acquire reNIKOLA targeted completion by 4Q2021

@winetime Solar is the future and definitely slowly climbing back

PEB back on track

PEB getting more traction = bringing more investor into solar energy

just stay calm and collect at cheap price for now

no way the deal will die off, shareholders has already invested so much into the company

monday will spike up again, no worry

market sentiment, price will rake up after retailer left

https://klse.i3investor.com/blogs/hogtechnical/2021-03-02-story-h1541976233-Technical_Analysis_on_Pimpinan_Ehsan_Berhad_5622.jsp

- Based on HoG’s analysis on the 15 minutes graph, we can see that the share price had trailing upwards strongly driven by investor’s demand in the solar themed company. A strong support can be seen now at the price of 2.150 to 2.200. Any drop to this level will be immediately eaten up by investors.


- The chart shows a small consolidation around 2.200 level, which is healthy for the price movement before challenging the recent high of 2.410.


- EMA 5, 8, 13, 21 shows a consolidation around current level, and short term EMA crossing above mid and long term EMA, strong buy-in signal.


- Backed by strong fundamental and takeover story, a few more bounce around 2.200 level could lead to another challenge on 2.410 level.


- Once broken the resistance, next psychological resistance level would be around 3.000 level.


- Short term target of 3.000, mid term target of 5.000 for now.

Pimpinan Ehsan Berhad (Strong Buy)

Since Pimpinan Ehsan Berhad (Or better known as, PEB) had announced a corporate proposal of reverse takeover with reNIKOLA who owns up to 64 MWa.c. solar PV plant, the company’s share price soared. But some investors might be concerned – how does the technical graph look like?

Yes, short term RM3, long term RM 4

climb back to RM2 today. moving forward to TP RM 4, lets go PEB

Valuation game eh? Very informative and good analyst, see u guys at RM 5!

TP RM 4 is the way to go

limit up tmr, great to see another big solar player

https://klse.i3investor.com/blogs/isolargem/2021-02-23-story-h1541227675-THE_NEXT_10X_SOLAR_STOCK_THAT_YOU_SHOULD_BUY_NOW.jsp

reNIKOLA Total Solar Photovoltaic Plant Capacity

To recap, RE.ARAU now has 3.996 MW capacity per annum and signed a PPA with TNB. RE.GEBENG is operating another solar power plant with 29.916 MW and RE.PEKAN was operating another 30.00 MW solar photovoltaic power plant. The total in operation capacity would be 63.912 MW capacity per annum and a new plant with 250 MW, adding up to be 313.912 MW. However, under the joint press statement by PEB and reNIKOLA, they mentioned that the MWp would be up to 418, which enhances the potential value of the company.


In Nov 2020, reNIKOLA also received a AA3 rating for their issuance of ASEAN Green SRI Sukuk Programme for a total of RM 390 Million for project refinancing purposes. This SUKUK is aligned with the transparency and disclosure requirements of Securities Commission Malaysia (“SC”), Sustainable and Responsible Investment Sukuk Framework (“SRI”), the ASEAN Green Bond Standards (“ASEANGBS”) and globally recognised Green Bond Principles (“GBP”).


I am only able to share so much to not confuse investors and give investors some time to digest these information. Yes I had invested in PEB, and this company would surpass SAMAIDEN's market cap any time now. Heed my words, DO NOT miss out on this company!

RE.PEKAN is currently in the midst of subscribing RPS in Halpro Engineering Sdn. Bhd. (“HESB”), which this company operates a 30.00 MW solar photovoltaic power generation facility in Pekan. RE.PEKAN is similar to RE.ARAU, which RE.ARAU had just completed their RPS acquisition recently.

On a side note, RE.PEKAN have the same directors as reNIKOLA and the single shareholder isreNIKOLA as well. The company does not have any existing RPS.


RE.SOLAR was newly setup and was involved in the provision of operations and maintenance, treasury and management services for solar plants. This would serve as the management company for all the power plants under reNIKOLA’s management. The directors are same as reNIKOLA and the single shareholder is reNIKOLA.


As for RE.BKH, the company was poised to be a project based company to design, construct and commission a new solar photovoltaic power generation facility with the capacity of 250 MW. Currently the directors of the company includes YAM Teng Zaiton Ibni Sultan Abu Bakar and Boumhidi Abdelali. The two respective directors held 44.5% and 0.5% shares respectively and the rest of 55.0% was held by reNIKOLA.

Under SEDA, there are 2 models of renewable energy generated to be sold to TNB or SEDA. Under the Feed-in Tariff mechanism, you may export your solar energy generated to TNB at a certain price. As for NEM, you may go through this mechanism and generate your own electricity and reduce electricity bill. In short, reNIKOLA falls under the FiT category. Despite FiT was known to be indexed to inflation rate since 2013, it should also be noted that the rate remains unknown.



The directors of this company are same as reNIKOLA, and the sole shareholder is reNIKOLA. RE.ARAU announced that they have 7,468,500 RPS, but based on Rating Agency Malaysia (“RAM”), the ultimate or economical shareholding would still 100% belong to reNIKOLA.



RE.GEBENG holds 8,600,000 RPS in RE Gebeng Sdn. Bhd. (“REG”), which operates a solar photovoltaic power generation facility with the compacity of 29.916 MW. The directors of this subsidiary is similar to reNIKOLA and the single shareholder is reNIKOLA as well. The company did have 42,425,520 RPS which did not state the ultimate shareholder.

PITAHAYA had purchased 37.4% shares from the existing major shareholders of the company and emerges as the single largest shareholder of the company. However, the purchase of 37.4% had triggered the 33% threshold to issue an unconditional mandatory take-over offer (“MGO”). This means that to be fair to minor shareholders, PITAHAYA or Lim Beng Guan had to purchase all remaining shares from the other shareholders at the price of RM 1.07 per share. It is up to the existing shareholder to commit to sell the shares or not, but based on the future expansion plan of reNIKOLA, the actual number of people selling should be close to 0.



As of the shares for reNIKOLA, it is currently being held by Boumhidi Abdelali which holds 70% of the shares and YAM Tengku Zaiton Ibni Sultan Abu Bakar held the remaining 30% shares. It was also known that Lim Beng Guan held preference shares of the company. However, the dilution effects are yet unknown.



Moving on, RE.ARAU held around 3,000,000 Redeemable Preference Shares (“RPS”) in SBU Power Sdn. Bhd. (“SBUP”). SBUP is currently operating a solar photovoltaic power generation facility with capacity of 3.996 MW per annum located in Arau. RE.ARAU had signed a Power Purchase Agreement (“PPA”) with Tenaga Nasional Berhad (“TNB”) or under SEDA. The business model involved would be build, own, operate (“BOO”) and maintain.

PEB has been a cash company under PN16 and held RM 70.32 Million in cash, PEB will attempt to purchase reNIKOLA via issuance of new shares, in which the numbers of shares to be issued shall vary but would be based on an issue price of RM 1.07 per share.



For example, if the acquisition would be RM 50 Million, hence the number of share issuance would be RM 50 Million divided by RM 1.07 per share. If it would be RM 100 Million, then the number of share issuance would be RM 100 Million divided by RM 1.07 per share.



The basis of RM 1.07 originates from the acquisition of Pitahaya (M) Sdn. Bhd. (“PITAHAYA”), despite not having the final information shown as who is Pitahaya (M) Sdn. Bhd., but upon studies it was identified that Ciruela Sdn. Bhd. (“CIRUELA”), which is the holder of convertible preference shares of reNIKOLA. CIRUELA was also known to be own by Lim Beng Guan.

Corporate Structure



Interestingly, under reNIKOLA there were 5 key subsidiaries that investors should take note.


reNIKOLA (Arau) Sdn. Bhd. (“RE.ARAU”);

reNIKOLA (Gebeng) Sdn. Bhd. (“RE.GEBENG”);

reNIKOLA (Pekan) Sdn. Bhd (“RE.PEKAN”);

reNIKOLA Solar Sdn. Bhd (“RE.SOLAR”).; and

RE Gebeng BKH Sdn. Bhd. (“RE.BKH”).



These companies, collectively known as reNIKOLA are involved in the green energy, a.k.a. solar power segment. Before we discuss deeper about these subsidiaries, we will now take a better look at PEB first.

Just recently, Pimpinan Ehsan Berhad (“PEB”) had entered a Heads of Agreement (“HOA”) with group of reNIKOLA. HOA is beyond the scope of Memorandum of Understanding (“MoU”), which is only known as a “handshake” between 2 parties. It is also beyond Memorandum of Agreement (“MoA”), which has very little legal binding. HOA is a more serious and proper way for corporate exercises especially on merger & acquisition.



The origin of PEB could traced back to it being named under TRIplc Berhad. However, it had been considered as a PN16 company under Main Market Listing Requirement (“MMLR”). PN16 is equivalent to GN2 in ACE Market. It simply means the exchange had recognised this company as a temporary “shell” and cash vehicle waiting for vehicle after its core business disposal. PEB had sold its principle subsidiary to Puncak Niaga Holdings Berhad (“PUNCAK”).

Same situation, hope to get more ticket too before teaching RM5

Hahaha, I hope someone will dump some ticket too

Yes, go try ur luck to get any ticket tmr morning

TP RM 5, you heard it first

new solar player in the market, it will be the next big player in the industry