Posted by Pyh96 > 2019-01-04 12:58 | Report Abuse

So sad
Many ppl kena trap

Posted by nowornever0007 > 2019-01-04 15:15 | Report Abuse

no worry be happy

Posted by aceman03 > 2019-01-04 15:15 |

Post removed.Why?

Posted by Humble Boy > 2019-01-04 15:37 | Report Abuse

now you guys believe what i tell you.It will break .10 very soon.

Posted by TheContrarian > 2019-01-04 15:43 | Report Abuse

Bought PUC at 0.105.

Posted by nowornever0007 > 2019-01-04 16:01 | Report Abuse

sapu 0.1

Posted by Humble Boy > 2019-01-04 17:51 | Report Abuse

See director disposed share again.Still believe in this share??Run as fast as you can.

Posted by Ultaman > 2019-01-04 18:03 | Report Abuse

Run for your life la

Posted by sonyx > 2019-01-04 18:47 | Report Abuse

Buying and converting WB warrant?

Posted by jay_cwk88 > 2019-01-04 18:55 | Report Abuse

PUC-WB worth to buy

Posted by jay_cwk88 > 2019-01-04 18:55 | Report Abuse

High gearing

Posted by sonyx > 2019-01-04 18:58 | Report Abuse

As in what I meant is he’s selling to buy and convert WB to raise more money for company?

Posted by wondersky > 2019-01-04 19:14 | Report Abuse

MEMORANDUM OF UNDERSTANDING | http://www.klsescreener.com/v2/announcements/view/28985692

New company business initiative, n off market disposal to allow friendly partner to be on board

Posted by sonyx123 > 2019-01-04 19:26 | Report Abuse

Ok that might make sense. Looks like another recurring income in the making

Posted by ran777rpt > 2019-01-04 19:36 | Report Abuse

So many MOU earlier had been terminated, what about this?

Posted by sonyx123 > 2019-01-04 19:40 | Report Abuse

I thought the one where the rent out the payment gateway or sth went through?

Posted by sonyx123 > 2019-01-04 19:56 | Report Abuse

http://www.theedgemarkets.com/article/pucs-subsidiary-signs-mou-yayasan-pekerja-malaysia-provide-micro-financing

Posted by jay_cwk88 > 2019-01-04 20:04 | Report Abuse

Good news?

Posted by Daily8 > 2019-01-04 20:09 | Report Abuse

Friday, 4 Jan 2019

6:32PM
PUC MEMORANDUM OF UNDERSTANDING

5:28PM
PUC CHEONG CHIA CHOU (60,000,000 units Disposed)

5:28PM
PUC REDHOT MEDIA INTERNATIONAL LIMITED (60,000,000 units Disposed)

5:28PM
PUC RHM LTD (60,000,000 units Disposed)

5:28PM
PUC RESOURCE HOLDING MANAGEMENT LIMITED (60,000,000 units Disposed)

5:28PM
PUC CHEONG CHIA CHOU (60,000,000 units Disposed)

Posted by Daily8 > 2019-01-04 20:17 | Report Abuse

Wealth Pursuit is a financial services arm of PUC which is principally engaged in the businesses of money lending, trading of financial products, selling of software solution related to financial products business, insurance agency and provision of training.

Shares of PUC closed unchanged today at 11 sen with a market capitalisation of RM211.27 million


who do they sell the shares to? YAPEM?

Posted by TheContrarian > 2019-01-04 20:20 | Report Abuse

The latest MOU is a money lending licence to provide personal loans to government employees whereby repayments will be through monthly salary deductions.

Posted by Daily8 > 2019-01-04 20:21 | Report Abuse

The Parties hereto agree to collaborate and work together which WPSB shall
be the exclusive partner for the Programs (as defined herein) for the period of
two (2) years, with an option to renew for a further period of two (2) years,
subject to terms to be mutually agreed upon (“MOU Objective”):

(i) WPSB shall work with YAPEM to provide micro financing to YAPEM
members, and YAPEM shall facilitate all operations to implement the
deduction of salary program to manage respective YAPEM members’
repayment of the said micro financing to WPSB (“Programs”);

(ii) YAPEM shall appoint WPSB or any of PUC’s nominated subsidiary to
develop an automated system as a platform for YAPEM and its members
to participate in the Programs; and

(iii) YAPEM shall work together with WPSB to ensure the Programs are
deployed in a controlled environment on selected trading platforms only
to help YAPEM members to spend their financing responsibly.

Posted by Daily8 > 2019-01-04 20:53 | Report Abuse

TheContrarians, as long they are not aborting the MOU like previous some of the MOUs they didn't have any progress, for this one, then is OK.

Posted by TheContrarian > 2019-01-04 21:25 | Report Abuse

Sometimes MOUs are aborted because of failure of the other party. PUC has always wanted to be in the fintech business and I think it has hit the jackpot with this one. The potential business of providing loans to government employees is huge with high returns while the risk of loan defaults is low.

Posted by TheContrarian > 2019-01-04 21:48 | Report Abuse

I think the price movement will surprise us next week.

Posted by jay_cwk88 > 2019-01-04 21:57 | Report Abuse

Good

Posted by cooling > 2019-01-04 22:14 | Report Abuse

new biz ventures....sapu more...gonna rocket soon

Posted by Daily8 > 2019-01-04 22:43 | Report Abuse

The Contrarians, providing business to gov employees is a serious business. Don't think it's looking good. Gov employees debts can get very high and cause default. I hope PUC have done the extra homeworks on Yapeem.

If you bought PUC based on TA, best to express your TA opinion instead of sugarcoating it with FA.

FA for PUC still far fetched. I'm still not convinced until the next Qr is proven with higher profits.

Posted by sonyx123 > 2019-01-04 23:07 | Report Abuse

Well Mr. Daily8, please read/think carefully before shooting off the hip. Every business has it's own risks, and I believe PUC's risk is mitigated through monthly deduction of the salary.

I don't know in detail how this Yapem deal going to work, but I would imagine the arrangement would ensure timely repayment of the micro financing via monthly deduction even before the government employee could touch their money. And the only risk of bad debt is when the employee quit with outstanding loan? Again I'm just guessing based on limited information.

Those in the lower B40 income could be facing problem in getting loans, so this would allow them to better access the credit market.

So for you to say outright that it's not looking good without any plausible reasoning is blatantly unacceptable. Of course better than yongch that keeps shouting 0.05 cents. Just my 2 cents!

Posted by TheContrarian > 2019-01-04 23:10 | Report Abuse

Btw I am not a TA guy. Most people join Government for job security and pension. PUC will only be providing loans to these people and the amount of loan will be within their ability to repay. Since repayment of the loans will be through monthly salary deductions, it will be timely and extremely low risk of default.

Posted by sonyx123 > 2019-01-04 23:14 | Report Abuse

And it's your own decision whether you want to invest based on TA or FA. PUC's TA is probably less appealing than ever, but an educated investor will think about future earning prospect and enter early when everyone is skeptical.

And that's how the concept of forward PE or DCF comes into picture, assumptions of earnings viability. That's FA assumption at play not "sugarcoating" it. Well the fact is Pictureworks is doing well and earning accretive to PUC, while 11street might continue to drag the earnings as how Lazada is.

Posted by TheContrarian > 2019-01-05 00:08 | Report Abuse

Let us have some faith in what PUC is doing. But that doesn't mean to hold the stock forever. There is a time to buy and a time to sell and each point of that time depends on the current and future situation. New business proposals change the direction and potential of a company. Most people say they are in the long haul, that is because they are stuck at high entry price. I re-entered at 10.5 sen today, I may exit at 15.5 sen again or I may think it might go beyond 20 sen. Que sera sera, nobody knows the future.

Posted by cooling > 2019-01-05 09:10 | Report Abuse

puc is now an ah loong....provide loans to govt servants...target price 0.30 cents

Posted by jay_cwk88 > 2019-01-05 09:47 | Report Abuse

Monday continue uptrend

Posted by Pewuf > 2019-01-05 10:33 | Report Abuse

on the loan provision business, can take a look at how RCE capital works, it provides loan via similar yayasan/koperasi to the gov staffs especially in the b40 group. average yield net around 6~7% after net of rce's funding cost of 5+%, which is a bit high compared to aeoncredit. gov staffs also has more default risk at rce ~4% NPL, though that is mitigated partly by direct salary defuction. generally ah long is a very good business, but PUC investors should be growth investors, not likely to be interested in ah long business.

however, is PUC really entering into the microloan business or is PUC just onto the backend system for the yayasan ?

because loan provision business is a very different business, i would like to know more about PUC's impending funding structure if this is true.

Posted by Daily8 > 2019-01-05 10:39 | Report Abuse

sonyx123, my comment unacceptable ? Lol

Don't get me wrong brother. I'm holding PUC much higher than most of you. I'm not afraid to announce I have 1 mil over lots of shares which posted red report on my portfolio. Micro loans have mitigated risks if loans are defaulted without gov guarantee. The structure deduction from employees salary or as such, need to find out more. I have no clue on this. This is first time PUC signed MOU with government.

My concern on PUC more on PW. I wish to know how they are going to service the 165mil acquisition.

Posted by RosAng > 2019-01-05 10:49 | Report Abuse

MOU?LATER XJADI PULAK..LOL

Posted by Pewuf > 2019-01-05 11:16 | Report Abuse

yah...having a higher entry at "1mil over lot" automatically makes ur comments legit..ok..

Posted by cooling > 2019-01-05 12:06 | Report Abuse

puc will be like rcecap...loan money to b40 govt servant to buy motorbike...then auto deduct from salary forr loan repayment...guaranteed revenue....director sold stocks to enable another partner to be onboard the system implementation.....very fast puc gonna pump to 0.20 first....dont miss the boat

Posted by emil > 2019-01-05 14:03 | Report Abuse

0.05 coming....same like XOX, NetX...

Posted by jay_cwk88 > 2019-01-05 18:20 | Report Abuse

0.05?hahaha

Posted by John1234 > 2019-01-05 23:38 | Report Abuse

In case some of you may not know emil, he is the smart alec that said Prestariang Berhad would drop to 10 sen, when it was 26 sen. Now, Prestariang is 42 sen....

His argument was there would be no compensation from the govt for the termination of the SKIN project and plenty of unwanted shares can be collected at 10 sen.

Posted by kevinchong > 2019-01-06 00:06 | Report Abuse

Stock: [PRESBHD]: PRESTARIANG BERHAD

Dec 12, 2018 08:15 PM | Report Abuse

compensation legal fight in courts take years....by the time Prestar aldy 0.05sen...

Posted by kevinchong > 2019-01-06 00:07 | Report Abuse

Where u 0.05 sen emil

Posted by sonyx123 > 2019-01-06 08:38 | Report Abuse

He wants you to sell to him because he knows there's upside to it. Simple

Posted by jay_cwk88 > 2019-01-06 09:40 | Report Abuse

He is the smartest guy..hahaha

Posted by John1234 > 2019-01-06 09:56 | Report Abuse

Following Mr Powell's comments last Friday and US-China trade talk news, asian mkts should get a relief rally early next week...

Posted by ran777rpt > 2019-01-06 19:15 | Report Abuse

PUC minorities should not be shortchanged
When ACE Market-listed PUC Bhd revealed that it has proposed to buy the remaining 67% stake in Pictureworks Holdings Sdn Bhd for RM167.5 mil, many were surprised with the higher price tag compared with the 33% stake it acquired six months ago.
PUC bought the 33% stake in the imaging services company for RM52.8 mil, or RM8.69 per share, via shares and cash. If going by the same purchase price for the 33% stake, PUC should fork out only RM107.2 mil for the remaining stake in Pictureworks. This works out to be 56% higher than what it paid for the same company just six months ago!
Interestingly, PUC is taking over Pictureworks from several vendors including its group managing director and CEO Cheong Chia Chou, who is a major shareholder of both PUC and Pictureworks.
What has changed in the short period to warrant a much higher valuation for Pictureworks? Granted that the deal comes with a profit guarantee of RM25 mil and RM28 mil for the financial years ending Dec 31, 2019 and Dec 31, 2020 respectively. But is the profit guarantee structured in a fair manner to PUC’s minority shareholders?
The purchase price represents a price-to-earnings (PE) multiple of about 9.43 times forward earnings based on the average profit guarantee of RM26.50 mil. In the event of a shortfall in profit, PUC will be paid the differential amount. Is this fair?
Instead, if Pictureworks fails to meet the profit guarantee amount, the purchase price for Pictureworks should be adjusted accordingly.
For instance, if Pictureworks only managed to record a profit of RM20 mil in FY19 and RM23 mil in FY20, then the company should compensate PUC RM47.15 mil (RM5 mil in average profit shortfall for two FYs based on a PE of 9.43 times) instead of just RM5 mil for the profit shortfall.
Another concern is the cashflow position of PUC as it still needs to fork out a substantial amount in cash. As of Sept 30, 2018, its cash and bank balances stood at RM4.23 mil. For the 33% stake, PUC had to pay RM32 mil in cash on a staggered basis. Minorities should not have to fork out money again for a possible cash call for the deal.
Pictureworks may provide the much-needed boost for PUC but minorities should not end up with the short end of the stick. FocusM

Posted by ran777rpt > 2019-01-06 19:17 | Report Abuse

I am not holding PUC, but need to share this news to you guys for info.

Posted by Humble Boy > 2019-01-06 21:01 | Report Abuse

the whole deal only benefit that Conman CCC .Money in his pocket and who cares whether the minorities die or not?It will brek .10 soon.Who cares?he already pocketed so much.He still own PW thru PUC and but by selling PW to PUC he already bingo the way to the bank and a fat CNY.I am already off the boat long time ago but i pity there are so many here still believe in this con man counter.Thanks ran777 for a good sharing.