Thank Sumika for the timely feedback. Appreciate your good work. Please keep posting. Let it flush the ears of dumpsters here.

The recent price hike is not about the app, pls understand. It is purely their long term strategic investments.

PUC rises ahead of electronic money service platform launch

By Tan Xue Ying | 2017-12-12 16:52:15
KUALA LUMPUR (Dec 12): PUC Bhd rose as much as 2.5 sen or 11% to 25.5 sen in heavy trading today, ahead of the launch of its electronic money service platform.

At 4:26pm, PUC shares were traded at 25 sen, with some 141 million shares exchanged. PUC was the most active stock on Bursa Malaysia.

PUC said in its media invite that the company is scheduled to launch its eMoney Service Platform here tomorrow (Dec 13).

PUC said the platform features "one-of-its kind social marketing experience".

Malton’s Mercy is working for Ekovest

Evening announcement, I suppose.

Looks like it is coming back. May be weekend news.

It is time for them to announce.Should not delay further.

As mentioned yesterday.

As UCrest, there are new projects to be announced.

Ultra Super Shit Bull.

Maxmax, you are confident. Any news you are aware of?

Yes fu*kser.

“PUC has submitted its request to Securities Commission Malaysia. Barring any unforeseen circumstances, the company should be able to call an extraordinary general meeting as early as December to get shareholders’ approval,” says a source familiar with the company.

To recap, The Edge in April reported that PUC had net cash of RM43.3 million, RM42.65 million of which it cannot use for any purpose other than to expand its renewable energy business.

In October 2015, PUC proposed the issuance of ICULS with warrants to raise up to RM83.9 million, but only managed to get RM42.65 million to fund its solar expansion programme.

In February last year, Jack Cheong Chia Chieh, the chief of PUC, died of a sudden illness at the age of 44.

Market observers have pointed out that his brother and successor, Cheong Chia Chou, who was appointed the new managing director last December, is not keen on the renewable energy business that was started by the late Chia Chieh. Instead, he is more interested in developing the company’s IT business.

Under the feed-in-tariff programme, PUC currently operates a 1mw capacity solar photovoltaic power plant in Sungai Petani, Kedah. The output will be supplied to Tenaga Nasional Bhd at a fixed rate.

To date, however, PUC has yet to be awarded any new project despite efforts to apply for quota with the Sustainable Energy Development Authority of Malaysia and Energy Commission.

Year to date, shares of PUC have risen 223%. The stock closed at 21 sen last Thursday, giving the company a market capitalisation of RM284 million.

Other players include AEON Credit Service (M) Bhd, Alipay Malaysia Sdn Bhd, Axiata Digital eCode Sdn Bhd, ManagePay Services Sdn Bhd, PayPal Pte Ltd, Touch ’n Go Sdn Bhd and XOX Com Sdn Bhd.

Five banks, namely AmBank (M) Bhd, Bank of China (M) Bhd, CIMB Bank Bhd, Malayan Banking Bhd and RHB Bank Bhd, have also received the green light from the central bank to become e-money issuers.

For perspective, there are two types of e-money schemes — the small scheme and the large scheme — which are determined by the purse size and the outstanding e-money liabilities.

PUC said in the Sept 7 announcement that it has obtained approval from Bank Negara to issue e-money under the large scheme, which refers to a maximum purse limit of RM1,500. In comparison, the small scheme only allows a maximum purse limit of RM200.

It is worth noting that PUC recently embarked on a few exclusive collaborations with some start-ups, paving the way for the company to build its e-wallet business.

Last month, PUC announced that its wholly-owned subsidiary, Founder Qube Sdn Bhd (FQ), has signed a memorandum of understanding with Hong Kong-based Advwhere Ltd for a collaboration, where FQ will be appointed with the exclusive right to sell Cloudbreakr digital advertisement placement solutions across Malaysia, Indonesia and Singapore.

PUC is also teaming up with point-of-sale services provider Bersian Technology (M) Sdn Bhd to implement a cross-marketing collaboration.

In June, PUC signed an exclusive partnership agreement with Laputa Ventures Sdn Bhd to use the latter’s advertising platform, dubbed Moola, to offer on-vehicle advertising.



Variation to utilisation of proceeds

While PUC has obtained approval as an e-money issuer and identified its partners, it needs the funds to launch the service.

It has said RM36.45 million had been allocated for the rolling out of the e-money scheme.

Interestingly, the money will be coming from the RM42.65 million raised from a rights issue of irredeemable convertible unsecured loan stocks (ICULS) in February last year. PUC is in the process of obtaining clearance from the relevant regulators to vary the utilisation of the proceeds.

PUC to launch e-money service platform next month

By Liew Jia Teng | 2017-12-04 14:00:00
IN a move to venture into the e-payment and e-commerce space, PUC Bhd is expected to launch a new electronic money service platform in the middle of next month, followed by an e-money scheme in the first half of next year, according to sources.

“It’s going to be Malaysia’s first homegrown social marketing platform and e-wallet, bringing a new way to save on shopping and help sellers get more shoppers to boost their brands and sales,” a source tells The Edge.

It is learnt that PUC will introduce the unconventional services to the market in phases next year. All details and the targeted timeline for each phase will be revealed at the mid-December launch.

Another source highlights that e-wallet is a lucrative area of growth in the modern economy and, hence, PUC’s scheme will promote customer-to-customer (C2C) payments to shoppers.

“Moving forward, PUC may even promote more financial services to shoppers. It will enable C2C payments based on convenience-centric lifestyle activities such as seamless dining bill-splitting,” he says.

PUC is also exploring services that will bridge the gap between shoppers and convenient financial services. However, all these are subject to obtaining the necessary licences from the authorities.

PUC, formerly known as PUC Founder (MSC) Bhd, is an ACE Market-listed information technology solutions provider that is also involved in renewable energy, media and advertising as well as e-payment processing services.

To recap, in early September, PUC obtained conditional approval as an e-money issuer from Bank Negara Malaysia. The group also has two subsidiaries with moneylending licences.

In a filing with Bursa Malaysia on Sept 7, PUC announced that its wholly-owned subsidiary, EPP Solution Sdn Bhd, had been given approval to issue e-money within a year.

EPP Solution — also a registered business with Bank Negara for merchant acquiring services — will be joining a list of at least 25 non-bank entities that have been given approval to issue e-money via their mobile apps.

Some more good looking loh. Straight away 1.30 then

But I think , it is not too late. They can still pick on Monday. I am sure it will not immediately break RM3, but will take some time to reach RM 3

thank you CK Wong

Given the deadline 30/11, I don’t see any articles on our mainstream news on acceptance or rejection.
The news may be out suddenly, probably by Mon or Tues I suppose. Any feedback, guys?

Imagine if they would take a major stake say 60% in IWC, the intrinsic value should definite go up which will reflect in the share price, if not now but later.
Land value always appreciates almost every yearly valuation and moreover as said, if the would buy a stake in IWC it should be on a lower price.
Hence the appreciation in the share price is very imminent.

Good luck, klugman.

I am still here. Not to worry, I won’t run just like that. My TP is around 38- 40. There is a good news which was told me. In this market sentiment, any good news will not materialise on the uptrend of price.Right? So have to be patient.
In this market, to my knowledge, the only counter which is blipping now and then is Palette.
So guys, be patient. Company is doing well so far. It will be good if they can acquire or join up with an entity so that they can really expand.
We pray ya.

Bad news for Reach tmrow. Loss 12 M Brent falling 1.6%

Taking 370

Yes 365 gone

365 almost taken

Sapsapsailo for Brahmal.

Pallete lands RM1.03m contract, appoints scientist to board

By Surin Murugiah | 2017-11-29 14:18:51
KUALA LUMPUR (Nov 29): Palette Multimedia Bhd has secured a contract valued at RM1.03 million for the sale of hardware-related products.

In a filing with Bursa Malaysia, Palette said its unit Palette System Sdn Bhd had entered into the contract with Trade House Atlantis Ltd on Nov 27, with an expected date of delivery by Dec 29.

Palette said the contract was expected to contribute positively to its earnings for the financial year ending May 31, 2018 (FY18).

In a separate announcement, Palette said Prof Dr. Low Teck Seng has joined the group as an Independent Director.

It said Low is currently the CEO of National Research Foundation (NRF) of Singapore, Managing Director of Agency of Science, Technology and Research (A*STAR), Professor at Nanyang Technology University and Professor at National University of Singapore.

Palette said some of the significant positions that he earlier held include CEO of Parkway Education Pte Ltd and Group SVP of Parkway Holdings, CEO of Republic Polytechnics and Dean of Faculty of Engineering at National University of Singapore.

It said additionally, Low also sits on the board of listed companies.

The Malaysian-born Low received his PhD in Electrical Engineering from University of Southampton, UK.

Palette chairman Eg Kah Yee said the group was in the process of strengthening its management team to take the company to the next level of growth.

“We are pleased to have Prof Dr. Low Teck Seng join us as the Independent Director.

“Not only that he can bring the latest technologies, he also has extensive business resources globally that he can assist the company in forging strategic partnerships”, Eg said.

At midday break today, Palette fell 1.47% or 0.5 sen to 33.5 sen, with 6.56 million shares done.

No need to run lah. Just wait for 1 or 2 days and the dust will settle. However as what I noticed, Cuscapi is taking lead from Pallete. So no worry. Palette will definitely lead Cuscapi and some ace counters like Keyasic, Puc etc as Brahmal is a substantial and responsible investor and shareholder. Cheers

Ha ha back in action in a bad market

Profit 125K only? Revenue 13 M
What is happening?

Will let you know when time comes. It is a very good news. Trust me.

For the 9-month financial year ending Dec 31, 2017, the company registered a revenue of RM82.9mil, which represents a 65% increase from RM50.3mil a year ago. Its net profit stood at RM1.8mil, 600 times increase from RM3,000 in the corresponding period last year.

Straits Inter Logistics Bhd managing director Datuk Seri Ho Kam Choy said: “We are delighted to see the results of our business strategies bear fruit. Going forward, our focus will be expanding our asset base, strengthening our operational capabilities, and broadening our geographical coverage to capture growth opportunities in the oil bunkering industry in Malaysia.

“The future of Straits will only be better, as we have commenced our oil bunkering operations from Pasir Gudang Port, Johor in the 4Q2017 and it is expected to generate robust earnings visibility for the Company.”

Straits, which currently owned 2 vessels, namely Sturgeon and Straits 1 (with a maximum load capacity of 510,000 liters each), is a major marine logistics company involved in the provision of premium oil bunkering services to marine and cargo bulk transporters, oil and gas vessels, floating production storage and offloading vessels, cruise ships and ferries.

The company’s 51% owned subsidiary, Selatan Bunker (M) Sdn Bhd had in September 2017 entered into a Contract for Services with Tumpuan Megah Development Sdn Bhd to provide bunkering and related services for no less than RM45mil value.

Straits Inter Logistics revenue and profit higher
23 Nov 2017 5:57 PM
BY TEE LIN SAY

KUALA LUMPUR: Bunkering services company Straits Inter Logistics Bhd registered a net profit of RM631,000 for its third quarter of the financial year ending December 31, 2017, representing an increase of 62 times from RM10,000 in the corresponding period last year.

Its revenue stood at RM32.9mil, a 63% increase as compared to RM20.2 mil a year ago.

In a statement on Bursa Malaysia, the company attributed the spectacular financial performance to the diversification of its principal activities into oil bunkering and trading in oil products successfully building a sustaining revenue stream

We will move slow and steady. No panic. No pain
A progress of 6210% is shown. So what is the worry?
Sound and safe company. Good share.

Ekovest says it has tender book of over RM5b worth of jobs

By Chester Tay | 2017-11-23 17:44:34
KUALA LUMPUR (Nov 23): Ekovest Bhd said it has a tender book of more than RM5 billion worth of jobs todate, and this is expected to keep it busy for the next three to five years.

“The company is well positioned for sustained growth with a healthy construction orderbook in hand,” Ekovest said in a statement issued after the group’s annual general meeting today.

“Having encountered a year with many challenges, with a fair balance of strength and resilience, prudence and sound enterprise risk management, the company continued to navigate their way to promote the company’s various businesses.

“With the market conditions continuing to remain competitive, the development plan that Ekovest has adhered to, is one that can sustain themselves for the long term,” added the group.

Ekovest managing director Tan Sri Lim Keng Cheng said the group had a momentous year, with the opening of the completed Duke 2, comprising the Tun Razak Link and the Sri Damansara Link.

“These two links not only provide vital connectivity with the existing Duke Highway, but will also help alleviate congestion of traffic coming in and out of the city centre. The infrastructure business will intertwine with our development projects so as to envelope an all-encompassing transit-oriented development,” he said.

“Additionally, we are constantly reviewing and thinking of new infrastructure projects. Ekovest can and will promote ourselves to be ready to take on jobs that will benefit the whole of Kuala Lumpur. Providing traffic solutions through world-class infrastructure is our bread and butter” he added.

On property development, Ekovest said it has six projects, with potential gross development value (GDV) in excess of RM7 billion, lined up in its 10-year development master plan.

The group also updated that it currently has a land bank of 30 acres located primarily in northern Kuala Lumpur. This, it said, will be the focus of its property division in the coming years.

Acknowledging that the construction industry is facing many challenges, Ekovest said the group has very clear vision and strategy to navigate the business to improve the efficiency.

“To address this, the management will continue to work closely with the industry and the government to continue the company’s steady performance and further deliver growth and to achieve better performance,” it said.

“Strong revival of job flows is expected in the near future, mainly boosted by the number of mega infrastructure projects in the country, and these contributions to the construction sector should not be underestimated,” it added.

Ekovest is also of the view that the government’s efforts to address the country’s housing shortage will help the property development industry continue its growth of the next coming years.

Ekovest’s share price was unchanged at 97 sen as at 4.30pm, valuing the group at RM2.08 billion.

Yes, we are moving forward. Anticipating an another good news to be released soon.

I kept my words, guys.
This is the day that the Lord hath made, let us rejoice and be glad in it.

Profit 631K . Result out 23/11 as said.

SINGAPORE (Nov 21): Payment service providers in Singapore by next year will adopt and deploy a common Singapore Quick Response Code (SG QR) that can accept electronic payments by both domestic and international payment schemes, e-wallets, and banks.

Ya lah DatoKim. Why waste to me here. Go buy BAT, Nestle, Petronas and surely go up one.

Ha ha ha Orange color

Ha ha ha Orange color.

Ha ha ha Orange color.

Those who have waited long here, be patient.

I bet dont sell. One good news is the result and another news is really fantastic. Take my word. Before the Q announcement, it is common that some will sell and some may buy. So the fluctuation in the bids is very norm.

Buy vol 1.21M. Sell vol 757K

Don’t simply miss the boat.

Two good news are imminent.

Some one missed the boat and now want and trying to pick for some low bids. Ha ha ha