so bullish meh? rollover activities everyday leh...but they give u lunch money everyday …. buy when its red sell when its green...take whatever they give....
Covid-19 make economy slown down fundamental company will metamorphism and company with high debt will the time to collapse.Expect local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold. market stock RM5.00 drop to RM 2.00 ,followed RM2.00 drop RM1.00,followed RM1.00 drop to 50 cent,followed 50 cent drop to 20cent ,followed 20 cent drop to 10cent ,followed 10cent drop to bottom. High debt company cannot hold ,high prices stock cannot hold , market never sleep money never sleep just buy bottom low prices with cash rich company . This is a opportunity markets smarts money no longer will flows in cheaper stocks sharks will goreng lows price stock at bottom..
Which companies on Bursa have high cash and low debt KUALA LUMPUR: The second extension of the movement control order to contain the Covid-19 outbreak — now totalling six weeks until April 28 — means that economic activities will remain subdued for at least another 14 days. The pandemic, which has infected nearly two million and killed over 100,000 worldwide, presents the worst start possible for the recession expected ahead. As the infection curve has yet to near its peak, it is anyone’s guess on the depth of the economic downturn. Against this backdrop, survival is the prominent concern now. Investors’ attention is drawn to companies’ balance sheets instead of growth prospects, which is widely expected to be minimal in the best-case scenario, as business volume dwindles and operating cash flow shrink. Asia Analytica data shows that of some 880 listed companies (after excluding the 40 banks, insurers and investment trusts), 597 companies listed on Bursa Malaysia have cash that is less than their short-term liabilities. Companies in many different sectors are underlined here, from furniture companies to retailers, automotive-related firms, and a wide range of manufacturers and trading companies. Meanwhile, 223 listed companies have an interest cover ratio of below one times, meaning their earnings before interests and tax cannot cover interest expenses for a full year. The market capitalisation of most of these companies are below RM2 billion. Some 321 companies were already in the red last year. Of the 599 profitable ones, around 45.6% of them saw profit decline in the period. Again, most on the list are small-cap firms, according to Asia Analytica data. It is also worth noting that the economic downturn would be a tough test on companies’ sales quality. Companies with a high portion of credit sale with mounting receivables could be at risk amid the potential cash trap. A random check shows that 75 listed companies or 8.2% have net gearing of over 100%. Sectors with the most companies in this category are logistics, construction, oil and gas, building materials and property development. Others with net gearing of above 80% include power companies, telecommunications companies and building materials companies. Power producers’ liabilities are usually backed up by the steady cash flow from power purchase agreements. On the flip side, notable sectors with low net gearing average include Internet and gas utility companies, and technology solution providers. Of 79 generic companies with market capitalisation of above RM2 billion (ex-banks, real-estate investment trusts and insurers) only 22 have a cash ratio of above one times and net gearing of below 50%, led by Petronas Chemicals Group Bhd, Petronas Gas Bhd and IOI Corp Bhd. As reflected by the price-to-book valuations, preference is given for companies with high cash, low debt, steady recurring income and high-quality clients, such as tech companies, and broadband providers. There are also lesser-known small-cap companies that are cash-rich with sturdy past operations. As a fund manager pointed out that a downturn is a brewing pot for merger and acquisition activities, as smaller, cash-rich companies with good assets or business prospects usually become undervalued after the market selldown. The first quarter’s (1Q20) financial result will show how much cash was exhausted amid the two-week shutdown in the second half of March, while prospects of the entire half of 2Q20 being under movement restriction are still visible.
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING PERMAJU INDUSTRIES BERHAD ("PERMAJU" OR THE "COMPANY") (I) RIGHTS ISSUE OF ICPS WITH WARRANTS; AND (II) SETTLEMENT (COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")
PERMAJU INDUSTRIES BERHAD TypeAnnouncementSubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISINGDescriptionPERMAJU INDUSTRIES BERHAD ("PERMAJU" OR THE "COMPANY") (I) RIGHTS ISSUE OF ICPS WITH WARRANTS; AND (II) SETTLEMENT (COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")
(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 16 April 2018 in relation to the Corporate Exercises.)
Reference is made to the announcement dated 28 February 2020 wherein it was announced that Bursa Securities had, vide its letter dated 28 February 2020, resolved to grant the Company an extension of time up to 14 June 2020 to complete the implementation of the Corporate Exercises, subject to the condition that the Company announces the entitlement date for the Rights Issue of ICPS with Warrants within 2 months from the date of its letter.
On behalf of the Board, Mercury Securities wishes to announce that the Company had on even date submitted an application to seek Bursa Securities’ approval for an extension of time of up to 31 August 2020 for the Company to complete the implementation of the Corporate Exercises, subject to the condition that the Company announces the entitlement date for the Rights Issue of ICPS with Warrants within 1 month from the upliftment of the movement control order by the Government of Malaysia.
This announcement is dated 21 April 2020.
Announcement Info
Company NamePERMAJU INDUSTRIES BERHADStock NamePERMAJUDate Announced21 Apr 2020CategoryGeneral Announcement for PLCReference NumberGA1-21042020-00058
KUALA LUMPUR (April 6): Permaju Industries Bhd is looking into bottling and distributing a Hong Kong firm’s sanitiser product for the Southeast Asian market.
The product is one of the very few solutions in the world that have successfully been tested to work against the Covid-19 virus, Permaju said in a filing with Bursa Malaysia today.
The group said its wholly-owned subsidiary Team Japs Sdn Bhd has entered into a collaboration agreement with Pentaweft Biotech Ltd to study the feasibility of making and distributing the “Penaclo solution” in Southeast Asian countries.
The countries are Malaysia, Indonesia, Singapore, Vietnam, Thailand and the Philippines.
The first batch of the Penaclo solution will be aimed at the personal precautionary market. The parties will then develop other Penaclo solutions aimed at sanitising high-risk areas such as hospitals, offices, restaurants, schools and public transport.
KUALA LUMPUR, 28 APRIL 2020 – CERGAZ AUTOHAUS SDN BHD (“Cergaz Autohaus”), a wholly-owned subsidiary of Permaju Industries Berhad (the “Group”) and an authorized 3S dealer for Volkswagen cars. Cergaz Autohaus is primarily involved in the business of sale and distribution of motor vehicles, has signed a Memorandum of Understanding (“MoU”) today with AIR FOR LIFE (M) SDN BHD (“Air For Life”). Air For Life is a global leader in providing the most advanced photocatalyctic air purification system today.
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