its property development segment should show better performance for Q3, 2020 :)
SP Setia: Quarterly revenue, however, surged 226% to RM1.08 billion from RM331.3 million in the preceding quarter, as the property developer saw overall better sales in Malaysia after the Movement Control Order, and higher take-up at its Daintree Residence project in Singapore. The latest quarterly revenue is also up 16% from the RM932.07 million it recorded a year ago, when net profit came in at RM84.55 million.
loss-making VW car dealership has been terminated to reduce losses. Now, focus its resources on ford for its automobile segment plus luxury car rental biz (start soon).
KUALA LUMPUR (Sep 1): Permaju Industries Bhd has teamed up with Vsolar Group Bhd for a RM217 million large-scale solar power project in Seremban.
The group said its unit Genbayu Gemilang Sdn Bhd has inked a joint venture (JV) agreement with Vsolar to regulate their relationship as shareholders of Cubetech Asia Sdn Bhd, which is bidding for the project.
"Cubetech Asia intends to submit its tender to build and operate a large-scale solar 4 (LSS4) proposed 50MW plant in Seremban subject to the terms and conditions stipulated in the JV agreement," the group said in a bourse filing.
ADVERTISING
"The project consists of terms including a concession period under a power purchase agreement with Tenaga Nasional Bhd, spanning 21 years starting from the commercial operation date by Dec 31, 2023," it added.
Under the agreement, Genbayu Gemilang will lease the required land to Cubetech Asia at no cost to undertake the project. The former will hold a 70% stake in Cubetech Asia, while Vsolar will hold the remaining 30% equity interest.
Permaju said Vsolar will manage and operate Cubetech Asia and assist the latter to secure financing for the project via a mix of equity and debt financing amounting to RM173.6 million and RM43.4 million respectively.
Vsolar is also to assist Cubetech to secure a bid bond amounting to RM1 million and a performance bond totalling RM10 million in the event the latter is awarded with the project.
"The JV agreement will provide opportunities for the parties to establish a strategic partnership for various activities based on the respective parties' expertise and strengths which allow the parties to tap into each other's expertise, networks and resources," said Permaju.
Permaju Industries Bhd last week incorporated a wholly-owned subsidiary, Permaju Glove Sdn Bhd (PGSB) to venture into glove manufacturing and is banking on the global shortage of gloves to make the jump in the business.
In a filing with Bursa Malaysia, Permaju said the intended principal activity of PGSB is to manufacture, distribute, buy, sell and generally deal in rubber goods for industrial and commercial purposes.
Permaju said the rationale of the incorporation of PGSB is to facilitate the expansion of the business activities of the group and its subsidiaries," it said.
Permaju is involved in the distribution of Volkswagen and Ford franchise.
It is also involved in property development and owns big parcels of land in Sabah and Seremban, Negeri Sembilan.
The group owns 121.4 hectares of land in Seremban that is suitable for housing projects or industrial activities.
New Straits Times reported that Permaju may set up a production facility in Seremban, investing between RM150 million and RM200 million.
The group may start construction this year, subject to approvals from the relevant authorities.
Permaju intends to manufacture gloves among other rubber-related products for the export market and also to sell in Malaysia.
Sudden surge will be the norm probably. Vaccine news also.
Li expects the value-growth reversal to emerge again when one of the vaccine candidates under development is ultimately approved for use.
Even though there’s a long road ahead to widespread adoption of a vaccine, a successful Moderna trial would help cement the rotation into value stocks, small caps and cyclicals, said Solomon Tadesse, head of North American equity quant research at Societe Generale.
"If Moderna’s trial is as good as Pfizer’s, it provides a confirmation of the current belief that there is a clearer path to the end of the health crisis, ” he said in an email. - Bloomberg
GO and read the earlier message on kesan pengganda PA, 5x like warrant
@ Forkallthehatersaway The conversion of PA into mother share is exactly same in ratio 5:1 why bother to buy PA while u can buy mother 14/11/2020 9:04 AM
52-week high in march this year was RM1.07, refer to the historical data :)
@ Goldencoins Ya NTA 67 cts!!! no wonder last time push up to RM1, anyway, I hold mother and PA, more on PA bec in normal circumstances, PA can make much more money than mother shares. 13/11/2020 4:15 PM
This Director is also a Director in pasukhas where mak is also a Director of AT, pasukhas, etc.
Are Permaju and AT related parties? WHY both also Planned to set up glove manufacturing biz? :)
Tang Boon koon • 50 years of age, Malaysian, Male • Executive Director Tang Boon koon was appointed to the Board on 5 June 2020 as Executive Director of the Company. He has more than 28 years of working experience in the Information, Communication & Technology industry, and was an all-rounder from technical, marketing, business development, operation to corporate management and finance. He graduated from Wawasan Open University with a Commonwealth Executive Master of Business Administration (CeMBA) degree and has also obtained Diploma in Electronics and Electrical Engineering from Federal College of Technology. Furthermore, he has also attended the Mandatory Accreditation Program for Directors of Public Listed Companies (Pursuant to Paragraph 15.09 of Bursa Securities Listing Requirements) and Corporate Directors’ Training Program for The Companies Commission of Malaysia. Mark Chew Shin Yong He has held a number of senior management positions in various public listed companies in Malaysia, Hong Kong and New Zealand with business activities covering a wide range of industries. He was the Chief Operation Officer of MyKris Limited, a company listed in New Zealand Alternative Exchange. He currently sits on the Board of mTouche Technology Berhad, GPA Holdings Berhad, Meridian Berhad and Pasukhas Group Berhad. He has no relationship with any director and/or major shareholder of the Company and no conflict of interest with the Company. He has not been convicted of any offences within the past five (5) years other than traffic offences, if any, and has not been imposed any public sanction or penalty by the relevant regulatory bodies during the financial year ended 30 June 2020.
Is it possible Permaju dan AT do glove manufacturing together later?
$$$$$ This Director is also a Director in pasukhas where mak is also a Director of AT, pasukhas, etc.
Are Permaju and AT related parties? WHY both also Planned to set up glove manufacturing biz? :)
Tang Boon koon • 50 years of age, Malaysian, Male • Executive Director Tang Boon koon was appointed to the Board on 5 June 2020 as Executive Director of the Company. He has more than 28 years of working experience in the Information, Communication & Technology industry, and was an all-rounder from technical, marketing, business development, operation to corporate management and finance. He graduated from Wawasan Open University with a Commonwealth Executive Master of Business Administration (CeMBA) degree and has also obtained Diploma in Electronics and Electrical Engineering from Federal College of Technology. Furthermore, he has also attended the Mandatory Accreditation Program for Directors of Public Listed Companies (Pursuant to Paragraph 15.09 of Bursa Securities Listing Requirements) and Corporate Directors’ Training Program for The Companies Commission of Malaysia. Mark Chew Shin Yong He has held a number of senior management positions in various public listed companies in Malaysia, Hong Kong and New Zealand with business activities covering a wide range of industries. He was the Chief Operation Officer of MyKris Limited, a company listed in New Zealand Alternative Exchange. He currently sits on the Board of mTouche Technology Berhad, GPA Holdings Berhad, Meridian Berhad and Pasukhas Group Berhad. He has no relationship with any director and/or major shareholder of the Company and no conflict of interest with the Company. He has not been convicted of any offences within the past five (5) years other than traffic offences, if any, and has not been imposed any public sanction or penalty by the relevant regulatory bodies during the financial year ended 30 June 2020.
Date of change 02 Sep 2020 Name MR MAK SIEW WEI Age 45 Gender Male Nationality Malaysia Designation Executive Director Directorate Executive Type of change Appointment Qualifications
No Qualifications Major/Field of Study Institute/University Additional Information 1 Degree Management Information System United States
Working experience and occupation Mr Mak started his career as Business Development Manager for Marvic International (NY) Ltd in New York for 3 years. He currently sits on the Board of Advance Information Marketing Berhad, AT Systematization Berhad, Green Ocean Corporation Berhad and Saudee Group Berhad as an Executive Director. Directorships in public companies and listed issuers (if any) 1. Advance Information Marketing Berhad 2. AT Systematization Berhad 3. Green Ocean Corporation Berhad 4. Saudee Group Berhad
Bagus for its investment in meridian, car rental and even property Development as many foreigners may visit and buy properties for vacation, investment or retirement :)
KUALA LUMPUR (Nov 13): An additional allocation of RM200 million has been provided to the Ministry of Tourism, Arts and Culture Malaysia (MOTAC) for the implementation of the stimulus package under the Tourism Rehabilitation Plan for 2021.
Its Minister Datuk Seri Nancy Shukri in a statement today said apart from the allocations announced by the Finance Minister during the presentation of the Budget, there were several other provisions under MOTAC specifically to assist the tourism, arts and culture sectors.
"This is expected to stimulate and inject domestic spending consistently and in turn create a multiplier effect, especially for industries linked to the tourism, arts and culture sectors," she said.
She said the stimulus package included accommodation vouchers, tourist destination discounts, family travel package discounts as well as the revitalisation of arts and culture.
"Also included in this recovery plan are transportation discounts, shopping discounts and discount packages for frontliners as well as the ‘Meet in Malaysia Campaign’," she said.
Yesterday, she chaired an online engagement session with tourism and culture industry activists.
Among those involved were Malaysia Airlines, Air Asia, Malaysian Association of Tour and Travel Agents (MATTA), Malaysian Association of Hotel Owners (MAHO) and Malaysian Artistes' Association (Karyawan).
Nancy said the government also understood the situation of industry players who were badly affected by the COVID-19 pandemic and would work to ensure the industry remained competitive and recovered quickly through various stimulus packages and recovery plans to be implemented based on the announced Budget.
Ramai orang tak faham permaju punya PA atau dipanggil icps sebab tak baca prospektusnya :) banyak kelebihan yang dimiliki oleh PA(icps) permaju. :)
Conversion : The ICPS may be converted into new Shares at the Conversion On 19 June 2020, Mercury Securities had, on behalf of the Board, announced that the mode Price in the following manner:- Entitlement Date for the Rights Issue of ICPS with Warrants has been fixed at 5.00 p.m. on 14 July 2020. (i) by surrendering for cancellation the ICPS with an aggregate issue price of the ICPS equivalent to the No person is authorised to give any information or make any representation not contained in Conversion Price, subject to a minimum of 1 ICPS and a this Abridged Prospectus and, if given or made, such information or representation must not be maximum of 5 ICPS for every 1 new Share relied upon as having been authorised by Mercury Securities or us in connection with the Rights Issue of ICPS with Warrants. (“Conversion Ratio”); and (ii) by paying the difference between the aggregate issue YOU ARE ADVISED TO READ, UNDERSTAND AND CONSIDER CAREFULLY THE price of ICPS surrendered and the Conversion Price, if CONTENTS OF THIS ABRIDGED PROSPECTUS WHICH SETS OUT THE DETAILS OF THE any, in cash, for every 1 new Share. RIGHTS ISSUE OF ICPS WITH WARRANTS AND RISK FACTORS ASSOCIATED WITH THE RIGHTS ISSUE OF ICPS WITH WARRANTS. IF YOU ARE IN ANY DOUBT AS TO THE Based on the above, the different conversion modes are ACTION YOU SHOULD TAKE, YOU SHOULD CONSULT YOUR BANK MANAGER, illustrated below:- SOLICITOR, ACCOUNTANT OR OTHER PROFESSIONAL ADVISERS IMMEDIATELY. [THE REST OF THI No. of ICPS to surrender S PAGE IS INT for cancellation Total issue price of ICPS ENTIONALLY L surrendered (RM) Additional cash EFT BLANK] payment (RM) Conversion Price (RM) 1 0.05 2 0.10 3 0.15 4 0.20 5 0.25 0.20 0.25 0.15 0.25 0.10 0.25 0.05 0.25 - 0.25 Conversion mechanism : (i) The conversion of the ICPS into new Shares shall be exercised by the ICPS holders by delivering a duly completed and signed conversion notice (“Conversion Notice”) and the payment by way of banker’s draft or cashier’s order drawn on a bank operating in Malaysia or money order or postal order issued by a post office in Malaysia for the Conversion Price, if any, to the office of the share registrar of the Company during its business hours on any Market Day during the Conversion Period. The Conversion Notice is irrevocable upon receipt by the Company at the share registrar’s office. A holder of the ICPS who has issued a Conversion Notice (“Converting ICPS Holder”) shall further furnish to the Company such supporting documents or information as may be prescribed by the Company or as may be required under any applicable laws or regulations from time to time. The conversion shall be carried out in accordance with such procedures as may be prescribed by any applicable laws and regulations.
KUALA LUMPUR (Nov 14): Bursa Malaysia is expected to trade higher next week with investors likely to go on a bargain-hunting mode following last week's losses but progress in the Covid-19 vaccine development will weigh on risk appetite.
Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said the local bourse could expect to see further retracement in the glove counters due to Covid-19 vaccine news.
He also expects small capitalisation stocks to start making a comeback.
“We expect to see the FBM KLCI move between a support level of 1,580 and resistance level of 1,595 next week,” he told Bernama.
Asked whether Malaysia's third-quarter (3Q) gross domestic product (GDP) performance would influence trading next week, he said “it would not because many people have likely priced it in.”
During the week-just-ended, market sentiment was largely influenced by the expansionary Budget 2021 and Pfizer's successful Covid-19 vaccine Phase 3 trial.
Rasa substantial shareholders of permaju mau buat permaju profitable. Advance to permaju ~rm20juta ++ ditukarkan kepada icps/PA pada 5sen per unit. Biz segment yang rugi dijual atau diberhentikan timber, kereta vw
Will PA out of stock when they're all fully purchased by investors like will PA still be traded as in like usual market trading after completed sold out? Normally will people convert PA into mother share or they trade instead straight away with PA
Financial literacy is low in Malaysia. Market isnt as efficient as u think :)
@ Forkallthehatersaway Will PA out of stock when they're all fully purchased by investors like will PA still be traded as in like usual market trading after completed sold out? Normally will people convert PA into mother share or they trade instead straight away with PA
mikecyc, permaju NTA 67 cts, only 502 mils shares listed, will fry tmr, dont miss it. AT NTA only a few cts volume more than 3 bil can fry so high, this one no problem 1..
Recovery in permaju’s property development biz + its investment in meridian will be additional booster :)
Permaju glove project, tender for solar project, mydin project, car rental project, disposal of loss making timber biz & terminating loss making vw car biz will boost permaju
PA adalah lebih bagus daripada warrant sebab Ada kuasa pengganda. Mode of Satisfaction of Exercise/Conversion Price : Tendering of securities Settlement Type/ Convertible into : Physical (Shares) Remarks : The ICPS may be converted into new fully-paid ordinary shares in Permaju ("Permaju Shares" or "Shares") at the conversion price of RM0.25 ("Conversion Price") in the following manner:-(i) by surrendering for cancellation the ICPS with an aggregate issue price of the ICPS equivalent to the Conversion Price, subject to a minimum of 1 ICPS and a maximum of 5 ICPS for every 1 new Share; and(ii) by paying the difference between the aggregate issue price of ICPS surrendered and the Conversion Price, if any, in cash, for every 1 new Share.Premised on the terms of the ICPS, subject to adjustments, the ICPS can be converted into new Shares on any market day commencing on and including the issue date of the ICPS up to and including the maturity date of the ICPS. Any remaining ICPS that are not converted by the maturity date shall be mandatorily converted into new Shares at the conversion ratio of 5 ICPS for every 1 new Permaju Share.If the conversion results in a fractional entitlement to Permaju Shares, such fractional entitlement shall be disregarded and no refund or credit, whether in the form of the ICPS, cash or otherwise, shall be given in respect of the disregarded fractional entitlement.If the maturity date of the ICPS falls on a non-market day, then it will fall on the preceding market day.This announcement is dated 19 August 2020. You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 366 views | 2 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11699 views | 10 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Victor Yong
8,271 posts
Posted by Victor Yong > 2020-11-13 21:02 | Report Abuse
Jangan bandingkan AT, nav few sen dengan permaju, nav 67sen