Bloomberg reported Asian stocks climbed with US futures amid positive sentiment on trade in the region and after a US national lockdown was ruled out. The dollar retreated.
The Asian benchmark was on track for a record close as shares rose across the region with Japan and South Korea outperforming. Asia Pacific nations including China, Japan and South Korea on Sunday signed the world’s largest regional free-trade agreement.
if I want 5000 ord shares, just buy 1000 PAs to lock in. my capital = RM 400 because PA biz dirt cheap at 4sen. if I exercise it within 10 years, cost per share 24sen much cheaper alternative to warrant.
if I don't use its multiplier effect, get 200 ord shares at 20sen cost per share. 1000 PAs/5= 20O ord shares
BEIJING: Chinese new home prices grew at a slower monthly pace in October, data showed on Monday, as many developers moved to cut prices to promote sales amid tighter government scrutiny on borrowing.
Average new home prices in 70 major cities rose 0.2% in October from a month earlier, the slowest monthly growth rate since March and down from September's 0.4% growth, according to Reuters calculations based on data released by the National Bureau of Statistics (NBS).
Compared with the same month a year earlier, home prices rose 4.3% in October, easing slightly from September's 4.6% growth.
Zhang Dawei, a Beijing-based analyst with property agency Centaline, said the tightening measures imposed by many cities have started to put pressure on home prices growth, especially as some have rolled out price caps on new home projects.
Sales promotion campaigns amid increasing housing supply during the traditional peak season also weighed on prices, Zhang added.
China's massive property market recovered quickly from the coronavirus crisis earlier this year, due to cheaper credit and looser purchase restrictions in some cities.
But with sales picking up steam, policymakers have taken a tougher stance since the start of the second half of the year, with regulators increasing scrutiny on financing activities of developers and buyers to prevent rampant growth in borrowing.
The NBS data on Monday also showed the number of cities reporting monthly price increases for new homes fell to 45 out of 70 from 55 in September.
In contrast with the softening prices data, China's October real estate investment rose 12.7% from a year ago, quickening from September's 12% and the fastest pace since July 2018, according to Reuters calculations based on data from NBS.
Property sales by floor area rose by a solid 15.3%, the highest in more than three years, while new construction starts expanded 3.5%, improving from last month's fall of 1.9%.
"The robust investment data was mainly fuelled by home construction activity, as developers' land purchase slowed down since the third quarter as regulators planned to impose rules to curb their debt levels," said Nie Wen, economist at Shanghai-based Hwabao Trust.
"I expect solid 5-10% year-to-date property investment growth to continue till the first half of next year if current sales momentum remains." The Chinese Communist Party leadership recently reiterated its existing policy of discouraging speculation in the property market.
Analysts say strict buying restrictions and price caps are likely to remain in place, especially in higher-tier cities where pent-up demand is still robust.
In addition, deleveraging for homebuilders to tackle unbridled borrowing is becoming an increasingly important policy, an effort by authorities to institute a long-term supervision mechanism for the market. - Reuters
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PERMAJU INDUSTRIES BERHAD ("Permaju" or "the Company") - INVESTMENT IN PNE PCB BERHAD ("PNE")
PERMAJU INDUSTRIES BERHAD
Type Announcement Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS Description PERMAJU INDUSTRIES BERHAD ("Permaju" or "the Company") - INVESTMENT IN PNE PCB BERHAD ("PNE") The Board of Directors of Permaju wishes to announce that its wholly-owned subsidiary, Iconworld Resources Sdn Bhd, had on 16 November 2020 acquired 16,000,000 ordinary shares of PNE, representing 9.05% of issued shares of PNE, at RM1.23 per share (“PNE Shares”) for a total cash consideration of RM19,680,000.00 (“Consideration”) (“Investment”) from open market.
Please refer to the attachment for details of the announcement.
Type: Subject: Announcement TRANSACTION (CHAPTER 10 OF LISTING REQUIREMENTS) NON-RELATED PARTY TRANSACTIONS Description: 1. INTRODUCTION PERMAJU INDUSTRIES BERHAD (“PERMAJU” or “the Company”) INVESTMENT IN PNE PCB BERHAD (“PNE”) The Board of Directors of PERMAJU wishes to announce that its wholly-owned subsidiary, Iconworld Resources Sdn Bhd, had on 16 November 2020 acquired 16,000,000 ordinary shares of PNE PCB Berhad (“PNE”), representing 9.05% of issued shares of PNE, at RM1.23 per share (“PNE Shares”) for a total cash consideration of RM19,680,000.00 (“Consideration”) (“Investment”) from open market. 2. DETAILS OF THE INVESTMENT 2.1 Information on PNE PNE is a limited liability company incorporated in Malaysia. PNE is currently listed on Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). PNE principle activities are consists of those relating to the manufacture and sale of printed circuit boards (“PCBs”) and as investment holding company. The PCBs range comprises single-sided, double-sided, silver through hole and carbon which supply to various industries including consumer electronics, information and communications technology, automotive, medical and manufacturing industries. 3. BASIS OF ARRIVING AT THE CONSIDERATION The Investment is acquired from the open market. 4. FUNDING FOR THE INVESTMENT The Consideration paid for the Investment was funded entirely from internally generated funds of the PERMAJU Group. 5. RATIONALE At present, Genbayu Gemilang Sdn Bhd (“GENBAYU”), a wholly owned subsidiary of PERMAJU has entered into a Joint Venture Agreement with Cubetech Asia Sdn Bhd, a wholly owned subsidiary of Vsolar Group Berhad on 1 September 2020 with the intends to submit its tender to build and operate a Large-Scale Solar 4 (LSS4) Proposed 50MW Plant in Seremban, Negeri Sembilan (“the Project”).
On 2 November 2020, GENBAYU has appoint PNE to act as Authorised Representative for all the technical assessment and certification pertaining to the Project. The Board of PERMAJU is of the view that there would be tremendous opportunities and synergistic benefits to be derived by this potential business tie-up. 6. THE PROSPECTS OF PNE PNE aim to continuously seek market opportunities in the domestic and foreign markets to strengthen their market and enhance profitability. PNE will developing air ventilators in collaboration with Sanichi Technology Berhad (“STB”), Arzon Solar LLC (“ARZ”) and AT systematization Berhad (“ATS”) through a joint venture. The development of the air ventilators is expected to generate a new revenue stream for PNE following the surge in demand for air ventilators due to the Covid-19 pandemic. The net loss and net assets of PNE based on the latest audited account 31 March 2020 is RM 6,670,749 and RM57,176,863 respectively. 7. LIABILITIES TO BE ASSUMED There are no liabilities, including contingent liabilities and guarantees to be assumed by PERMAJU, arising from the Investment. 8. RISK FACTORS FOR THE INVESTMENT Save for the normal business and global economic risk, the Board of Director of PERMAJU is not aware of any other risk factors which may arise as a result of the Investment. 9. FINANCIAL EFFECTS OF THE INVESTMENT 9.1 Share capital and substantial shareholders’ shareholdings The Investment is not expected to have any effect on the issued and paid-up share capital of PERMAJU and the substantial shareholders’ shareholdings of PERMAJU. 9.2 Earning per share, net asset per share and gearing The Investment is not expected to have any material effect on the earnings per share, net assets per share and gearing for the financial year ending 30 June 2021. Nonetheless, PERMAJU expects positive contribution on its earnings in the future should the expected synergistic benefits be realised.
10. HIGHEST PERCENTAGE RATIO APPLICABLE The highest percentage ratio applicable to the Investment pursuant to Rule 10.02 (g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad is 17.60% based on the latest audited financial statements of PERMAJU as at 30 June 2020. 11. APPROVAL REQUIRED The Investment is not subject to the approval of the shareholders of PERMAJU and any relevant government authorities. 12. INTEREST OF THE DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS CONNECTED WITH THEM None of the Directors, major shareholders of PERMAJU and/or persons connected to them has any interest, direct or indirect, in the Investment. 13. STATEMENT BY THE BOARD OF DIRECTORS The Board of PERMAJU, having considered all aspects of the Investment, is of the opinion that the Investment is in the best interest of the Company. This announcement is dated 16 November 2020.
Business Background PNE PCB Bhd is a Malaysia-based company. The principal activities of the company consist of those relating to the manufacture and sale of printed circuit boards. The product line of the company includes single sided PCB (printed circuit board), double-sided non-plated thru hole PCB, carbon PCB, STH and cupth PCB and others. The company operates its business in Malaysia, Singapore and People’s Republic of China. The majority of the company’s revenue comes from China.
Hold your breath, update on this matter together with AT anytime from now probabbly :)
Permaju Industries, AT Systematization to roll out ... https://www.thesundaily.my/business/permaju... 28/04/2020 · PETALING JAYA: Permaju Industries Bhd has joined hands with AT Systematization Bhd to distribute Penaclo solution via a sanitiser gateway, an engineered sanitising box that is capable of ...
Permaju & AT are so close, jointly do glove manufacturing probably :)
Permaju, AT Systematization to roll out Sanitiser Gateway By FocusM 04/28/2020 in Mainstream PERMAJU Industries Bhd’s wholly-owned subsidiary, Team Japs Sdn Bhd, has teamed up with AT Engineering Solution Sdn Bhd, a wholly-owned subsidiary of AT Systematization Bhd (ATS), to distribute Penaclo solution via an engineered sanitising box.
In a joint statement, Permaju said the sanitising box (Sanitizer Gateway) is able to dispense sanitiser and disinfectant liquid solution evenly on any person walking through it.
Permaju executive director Teh Foo Hock said it is important to be ready for the post-Movement Control Order (MCO) as people would be confronted with a new environment.
On April 6, Permaju collaborated with Pentaweft Biotech Ltd for the supply of the Penaclo solution.
This solution is one of the very few sanitiser solutions in the world that was successfully tested by China’s State Key Lab of Respiratory Diseases, as effective in eradicating over 99.95% of the Covid-19 virus within the first 30 seconds of application, and is proven safe to animal cells.
“While looking for bottling and distribution partners for the sanitiser solution, our company came out with the idea of Sanitizer Gateway and decided to approach AT Systemization for the design and manufacturing of the Gateway.
“Time is of the essence. We need to roll out the product fast before the MCO is lifted,” said Teh.
Meanwhile, ATS managing director Choong Lee Aun said fabrication of the first Sanitiser Gateway will be ready soon, and the company has been getting many enquiries for its post-MCO products in the last few weeks.
“Both Permaju and AT Systematization aim to design, engineer, manufacture and distribute the Sanitizer Gateway that dispenses Penaclo solution to high-risk areas.
“This include hospitals, offices, restaurants, shopping malls, schools and public transportation hubs where high human foot traffic occurs on a daily basis, especially once the MCO is lifted by the government and until a definitive vaccine is found for the Covid-19 virus, manufactured and administered worldwide,” Choong said. — April 28, 2020, Bernama
The Board of Directors of Permaju wishes to announce that its wholly-owned subsidiary, Iconworld Resources Sdn Bhd, had on 16 November 2020 acquired 16,000,000 ordinary shares of PNE, representing 9.05% of issued shares of PNE, at RM1.23 per share (“PNE Shares”) for a total cash consideration of RM19,680,000.00 (“Consideration”) (“Investment”) from open market.
Please refer to the attachment for details of the announcement.
The Dow Jones Industrial Average rose 470.63 points, or 1.6%, to 29,950.44; the S&P 500 gained 41.76 points, or 1.16%, at 3,626.91; and the Nasdaq Composite added 94.84 points, or 0.8%, at 11,924.13.
NEW YORK: The S&P 500 and Dow Jones industrial average notched record closing highs on Monday as news of another promising coronavirus vaccine fanned hopes of eradicating COVID-19, while spiking infections and new shutdowns threatened to hobble a recovery from the pandemic recession.
All three major U.S. stock indexes advanced and with its new closing record, the blue-chip Dow is the last of the three to reclaim levels reached in February, before lockdowns sent the markets into free-fall.
The Russell 2000 also hit an all-time closing high.
Value, cyclical and small cap shares outperformed the broader market.
PNE PCB Bhd is a Malaysia-based company. The principal activities of the company consist of those relating to the manufacture and sale of printed circuit boards. The product line of the company includes single sided PCB (printed circuit board), double-sided non-plated thru hole PCB, carbon PCB, STH and cupth PCB and others. The company operates its business in Malaysia, Singapore and People’s Republic of China. The majority of the company’s revenue comes from China.
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PERMAJU INDUSTRIES BERHAD ("PERMAJU" or "the Company") - ADDITIONAL INVESTMENT IN PNE PCB BERHAD ("PNE")
PERMAJU INDUSTRIES BERHAD
Type Announcement Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS Description PERMAJU INDUSTRIES BERHAD ("PERMAJU" or "the Company") - ADDITIONAL INVESTMENT IN PNE PCB BERHAD ("PNE") 1. INTRODUCTION
With reference to the announcement dated 16 November 2020, the Board of Directors of PERMAJU wishes to announce that its wholly-owned subsidiary, Iconworld Resources Sdn Bhd, had on 17 November 2020 acquired additional 6,000,000 ordinary shares of PNE at RM1.23 per share (“PNE Shares”) for a total cash consideration of RM7,380,000.00 (“Consideration”) from open market.
Together with the 16,000,000 of PNE Shares announced on 16 November 2020, PERMAJU now has aggregate of 22,000,000 of PNE Shares, representing 12.43 % of issued shares of PNE. The total purchase consideration for the entire 22,000,000 PNE Shares is RM27,060,000.00 (“Aggregate Investment”).
2. HIGHEST PERCENTAGE RATIO APPLICABLE
The highest percentage ratio applicable to the Investment pursuant to Paragraph 10.02 (g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad for the Aggregate Investment is 24.20% based on the latest audited financial statements of PERMAJU as at 30 June 2020.
3. APPROVAL REQUIRED
The Investment is not subject to the approval of the shareholders of PERMAJU and any relevant government authorities.
With daily share trading volume on Bursa Malaysia having exceeded 10 billion units for about a week, it appears that retail investors are making their way back to the stock market, post-six month blanket loan moratorium.
KUALA LUMPUR (Nov 11): PNE PCB Bhd has appointed retired senior police officer Datuk Nik Ismail Yusoff as its chairman, following the resignation of his predecessor Datuk Rosly Abas in July.
In a filing with the bourse, the printed circuit board manufacturer said Nik Ismail had joined the Royal Malaysia Police in 1965 until his retirement on Sept 2, 2001 as deputy commissioner of police (DCP).
He served in various positions in the force including as chief police officer in Terengganu, Kedah and Selangor, as well as the deputy director special branch in Bukit Aman from 1995 to 1997.
Following his retirement from the police force, he was appointed to the boards of several public listed companies and is currently on the board of AT Systematization Bhd, Green Ocean Corp Bhd and AE Multi Holdings as non-executive chairman, as well as Pasukhas Group Bhd as non-executive director.
His predecessor Rosly had resigned as chairman on July 14, with the company citing personal commitments as his reason for leaving.
PNE PCB’s share price closed four sen or 3.92% higher at RM1.06 today, giving it a market capitalisation of RM187.45 million.
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Posted by Good123 > 2020-11-16 09:10 | Report Abuse
PA at 4sen paling berbaloi. harga terbitan 5sen.