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2015-02-24 14:41 | Report Abuse
2 Sen opinion:
The company ceased core business that is bleeding for many years now left with small biz. Loss of income and not sustainable income. Court order restrain creditors action. Too many negative issues to handle during time of economy crisis now. PN17 on the card!
Be safe than sorry.
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2014-11-18 16:59 | Report Abuse
Turnover, profit up.
NTA is 63 sen against current price of 42 sen.
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2014-11-18 07:02 | Report Abuse
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1795353
Executive Director acquired shares. good sign.
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2014-11-13 06:58 | Report Abuse
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2014-11-06 20:54 | Report Abuse
http://www.thestar.com.my/Business/Business-News/2014/11/06/PDZ-plans-Kazakhstan-LPG-venture-The-RM656mil-deal-will-launch-the-group-into-the-cooking-gas-busine/?style=biz
PETALING JAYA: Shipping company PDZ Holdings Bhd is proposing to set up a liquified petroleum gas (LPG) production plant in Kazakhstan and launch itself into the cooking gas business in a RM656mil deal.
To pay for the new business venture, the company said it would raise at least RM672mil via the sale of new shares and a rights issue with warrants.
The US$205mil (RM656mil) entry cost was subject to “negotiation and adjustment,’’ PDZ Holdings told Bursa Malaysia yesterday.
It will be payable via the combination of US$125mil (RM400mil) cash and the issuance of redeemable convertible preference shares (RCPS) for the value of US$80mil (RM256mil).
PDZ Holdings entered into a framework agreement yesterday with Ken Makmur Holdings Sdn Bhd for the proposed production of LPG and condensate from natural gas to be supplied by Ken Makmur from the Rakushechnoye oil and gas field in Kazakhstan.
Ken Makmur had on June 3, 2014 signed an agreement with Markmore Energy (Labuan) Ltd to extract 350 tonnes per day of LPG and 100 tonnes of condensate from the 100 million standard cu ft of gas supplied by Markmore.
Markmore, which is 99% own by Tan Sri Halim Saad, is the concession holder of the Rakushechnoye field. Ken Makmur, controlled by Wan Kamaruddin Wan Mohamed Ali and Chan Yok Peng, has a paid up capital of RM2.
Under the deal, PDZ Holdings is authorised to carry out the construction of the LPG plant, to be completed within 36 months after a date to be mutually agreed by PDZ Holdings and Ken Makmur.
According to PDZ Holdings, the proposed LPG production provides the group with an opportunity to diversify and expand its source of income.
“The board believes that the proposed LPG production would contribute positively to its future earnings and improve the financial position of the group.
“The additional revenue from the proposed LPG production is expected to enhance the company’s profitability and returns on shareholders funds,” it said.
However, the group’s operations in the recent years were affected by weak cargo demand and declining freight charges.
“Operating costs remained high as bunker prices continued to firm up. The prospects of the shipping industry remain weak as freight rates are expected to be depressed in the years ahead,” it added.
This is the second attempt by PDZ Holdings to diversify into the oil and gas business after it cancelled its earlier plan to purchase a 20% stake in Efogen Sdn Bhd.
The company had said the proposed acquisition was its first step towards its plan to grow its present core business in the container liner, shipping and shipping management services business into providing offshore supply vessel services to the oil and gas industry.
In an announcement in September, it said it had mutually agreed to terminate the conditional share acquisition agreement with the seller, Johany Jaafar, after the timeline for the agreement was extended for three times.
PDZ Holdings had signed the conditional agreement on May 14 to acquire the 20% stake in the offshore support vessel provider for RM18mil.
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2014-11-06 20:52 | Report Abuse
http://www.thestar.com.my/Business/Business-News/2014/11/06/PDZ-plans-Kazakhstan-LPG-venture-The-RM656mil-deal-will-launch-the-group-into-the-cooking-gas-busine/?style=biz
PETALING JAYA: Shipping company PDZ Holdings Bhd is proposing to set up a liquified petroleum gas (LPG) production plant in Kazakhstan and launch itself into the cooking gas business in a RM656mil deal.
To pay for the new business venture, the company said it would raise at least RM672mil via the sale of new shares and a rights issue with warrants.
The US$205mil (RM656mil) entry cost was subject to “negotiation and adjustment,’’ PDZ Holdings told Bursa Malaysia yesterday.
It will be payable via the combination of US$125mil (RM400mil) cash and the issuance of redeemable convertible preference shares (RCPS) for the value of US$80mil (RM256mil).
PDZ Holdings entered into a framework agreement yesterday with Ken Makmur Holdings Sdn Bhd for the proposed production of LPG and condensate from natural gas to be supplied by Ken Makmur from the Rakushechnoye oil and gas field in Kazakhstan.
Ken Makmur had on June 3, 2014 signed an agreement with Markmore Energy (Labuan) Ltd to extract 350 tonnes per day of LPG and 100 tonnes of condensate from the 100 million standard cu ft of gas supplied by Markmore.
Markmore, which is 99% own by Tan Sri Halim Saad, is the concession holder of the Rakushechnoye field. Ken Makmur, controlled by Wan Kamaruddin Wan Mohamed Ali and Chan Yok Peng, has a paid up capital of RM2.
Under the deal, PDZ Holdings is authorised to carry out the construction of the LPG plant, to be completed within 36 months after a date to be mutually agreed by PDZ Holdings and Ken Makmur.
According to PDZ Holdings, the proposed LPG production provides the group with an opportunity to diversify and expand its source of income.
“The board believes that the proposed LPG production would contribute positively to its future earnings and improve the financial position of the group.
“The additional revenue from the proposed LPG production is expected to enhance the company’s profitability and returns on shareholders funds,” it said.
However, the group’s operations in the recent years were affected by weak cargo demand and declining freight charges.
“Operating costs remained high as bunker prices continued to firm up. The prospects of the shipping industry remain weak as freight rates are expected to be depressed in the years ahead,” it added.
This is the second attempt by PDZ Holdings to diversify into the oil and gas business after it cancelled its earlier plan to purchase a 20% stake in Efogen Sdn Bhd.
The company had said the proposed acquisition was its first step towards its plan to grow its present core business in the container liner, shipping and shipping management services business into providing offshore supply vessel services to the oil and gas industry.
In an announcement in September, it said it had mutually agreed to terminate the conditional share acquisition agreement with the seller, Johany Jaafar, after the timeline for the agreement was extended for three times.
PDZ Holdings had signed the conditional agreement on May 14 to acquire the 20% stake in the offshore support vessel provider for RM18mil.
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2014-10-17 05:54 | Report Abuse
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1767545
The director is acquiring/accumulating its shares. I guess is undervalue and worth buying.
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2014-10-16 06:29 | Report Abuse
Warren Buffett's famous quote:
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
Happy Investing Everyone!
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2014-10-15 19:53 | Report Abuse
Today Announcement:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1765749
Director is buying more.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1765725
Drectors plan to buy more.
Look like the price now is cheap and they are buying back more.
Happy Investing Everyone!
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2014-10-08 21:14 | Report Abuse
Today Announcement:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1758881
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1758877
Directors (father & son) both disposed and buy back at lower price again. Very very Interesting moves ....
Happy Investing Everyone!
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2014-10-04 16:22 | Report Abuse
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2014-10-04 16:17 | Report Abuse
Bones shared the fundamental behind Handal:
http://bonescythe.blogspot.com/2014/08/handal-hot-and-furious.html?m=1
Happy Investing Everyone!
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2014-10-03 06:26 | Report Abuse
Company Background: http://www.handalresources.com.my/index.html
Oil & Gas company with Petronas License targetted by TSHS & the Gang?
Happy Investing Everyone!
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2014-10-03 06:24 | Report Abuse
Company Background: http://www.handalresources.com.my/index.html
Petronas License oil & gas company.
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2014-10-03 06:20 | Report Abuse
Announcements
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1753457
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1753453
Directors (father & son) both disposed some at 44.5 sen and buy back a lot at 44 sen. Interesting moves ....
Happy Investing Everyone!
Rich Dad: Money Don't Grow on Tree.
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2014-10-02 22:02 | Report Abuse
Sudden spike in volume this few days n start to appear in Bursa radar screen.
Something is brewing...... ocean wave...
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2014-10-02 21:59 | Report Abuse
Handal profile:
Profitable O&G related business.
NTA: 63 sen
Today price of 43 sen is already near 52 weeks low of 42.5 sen
Small mkt cap with price below NTA can be easy prey for take over target
What do you think?
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2014-10-02 20:27 | Report Abuse
Start collecting some this under value stock while is still low volume.
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2014-09-08 21:19 | Report Abuse
In the past 2 years, this company completed the restructuring of its nonproductive assets, regularised its book, turnaround and start registered reasonable profits. Let see when it is back to the radar screen again!
Happy Investing Everyone!
Rich Dad: Money Don't Grows on Tree.
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2014-09-01 19:47 | Report Abuse
TSHS reportedly making a come back with a Bang! More counters is connected to him like Sumatec, CN Asia, Borneo Oil, PDZ and more to come. Look like he is building his Listed Empire again similar to his Renong Group back in the 90s?
He is the prodigy of TDZ and could have strong financial backing by TDZ.
Retailers frenzy provide good support to his coming back story. Lets see institutional funds willing to join the wagon after upliftment of Suma from PN17.
Happy Investing Everyone!
Rich Dad: Money dont grows on trees.
News & Blogs
2014-09-01 19:18 | Report Abuse
TSHS reportedly making a come back with a Bang! More counters is connected to him like Sumatec, CN Asia, Borneo Oil, PDZ and more to come. Look like he is buiding his Listed Empire again similar to the Renong Group back in the 90s?
He is the prodigy of TDZ and could have strong financial backing by TDZ.
Retailers frenzy provide good support to his coming back story. Lets see institutional funds willing to join the wagon after upliftment of Suma from PN17.
Happy Investing Everyone!
Rich Dad: Money dont grows on trees.
News & Blogs
2014-09-01 07:30 | Report Abuse
@Random Trading.
Agree with you on "Once a wise man told me that don't take any particular investment too personally, it will cloud your judgement".
Thank you for the sharing.
News & Blogs
2014-08-31 20:55 | Report Abuse
@Random Trading, thank you for your good effort in putting up the pieces/puzzles behind Old and New Suma.
While chasing for more profits, many fail to see the ugly side. They will brash aside any negative info or fact (intentionally or unintentionally) to achieve their objectives and continue to denies any warning signals be it good or ugly.
Appreciate your openness in sharing info. Love to hear more from you.
Happy Investing!
Rich Dad: Money Don't Grows on Tree.
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2014-08-28 05:39 | Report Abuse
SUMA - MOVERS or SHAKERS!
Everybody is waiting for Suma Q2 results to either MOVES or SHAKES the share price.
Happy Investing Everyone.
Rich Dad: Money don't grow on trees!
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2014-08-25 20:27 | Report Abuse
New Facelook Suma website:
http://www.sumatec.com/#
New chapter tomorrow.
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2014-08-25 07:04 | Report Abuse
Quarterly Financial Results
1st Quarter was announced on: 22 May 14
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1630581
2nd Quarter to be announced: Today after 5 pm?
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2014-08-21 08:16 | Report Abuse
http://www.thestar.com.my/Business/Business-News/2014/08/21/Another-stock-record/
Happy Investing Everyone!
Rich Dad: Money Don't Grow on Trees.
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2014-06-26 20:22 | Report Abuse
Reflection of CYP in old Suma.
In the last 2 Right Issues before TSHS (EXCLUDING Right Issue for the Regularisation Plan), failed to deliver his job and the last one Right Issue exercise (under him) just few months later falls into PN17! He don't learn from his past failure but continue to fail.
Last year Right Issue for Regularisation Plan was cleverly engineered by ex-Renong boss (TSHS) not him. TSHS also plan to take PLUS (worth billions ringgit) but too much hands involve on G'ment side. He must be financially strong or back by solid figure behind.
Happy Investing Everyone.
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2014-06-26 20:02 | Report Abuse
AGM News today!
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1668289
Shareholders put up good protest the re-appointment of CYP but was out numbered by major shareholders. CYP is a failure in Old Suma and trying to restart his business in CNAsia by linking New Suma business in Kazakhstan.
Reject CYP and Reject CNAsia too!
Happy Investing Everyone.
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2014-06-26 07:40 | Report Abuse
SUMA - AGM today!
Time: 10.30am
Venue: The Boulevard Hotel, Mid Valley City, KL.
Lets hear what Suma Captains say.
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2014-06-26 07:09 | Report Abuse
SUMATEC - PN17 EXIT
===========================
In accordance with the Practice Note 17 (“PN17”) Section 5.2(c) of Bursa Malaysia Securities Berhad’s (“Bursa Securities”) Main Market Listing Requirements (“Listing Requirements”), a company that undertakes a regularisation plan which does not result in a significant change in the business direction or policy of the PN17 company must record a net profit for two (2) consecutive quarterly results immediately after the completion of the implementation of the plan.
Suma ONLY have to fulfill this quarter (30 June) profit result to Exit PN17 Status!
For the past over 2 years only Non-institutional (retail) investors are punting on Suma shares. After Suma Exit PN17, there will be Institutional Investors wide coverage such as Sell/Hold/Buy Ratings.
SUMA - BUY Rating after Exit PN17!
If retail investors can contribute such a high volume for the past many months, these Institutional Investors will contribute huge volume next!
Happy Investing Everyone.
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2014-06-25 20:59 | Report Abuse
Learn from the story of Noah's Ark:
-> There was no rain when the boat was built.
-> People laugh at the boat.
-> Don't miss the boat (Suma)!
Happy Investing Everyone!
Rich Dad: Money Don't Grows on Tree.
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2014-06-25 13:32 | Report Abuse
CNAsia is connected to Sumatec. The price appear pricey now. Better bet on Sumatec which already have proven stream of income and exit PN17 soon.
Happy Investing Everyone!
Stock: [BORNOIL]: BORNEO OIL BHD
2015-11-26 20:40 | Report Abuse
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4932773