Posted by super hero > 2018-08-08 16:48 | Report Abuse

they will come back tomorrow, day after tomorrow, and day day after tomorrow...hehe!!!

Posted by super hero > 2018-08-08 16:50 | Report Abuse

MACC_Agent will post more Sarawak Reports from tomorrow onwards! make sure you don't buy when short sell operation is on. ok?

Posted by super hero > 2018-08-08 16:56 | Report Abuse

today traders sold 0.075 and now kena buy back 0.075. breakeven - no gain no loss only (no need brokerage mah!)....no returns for effort put in today!!! it's nice to watch!

Posted by super hero > 2018-08-08 16:57 | Report Abuse

let's see what negative news they are going to post here next!????

Posted by super hero > 2018-08-08 16:58 | Report Abuse

for sure "wan" will be here with the repeated message!!...hahahahaha!!! laugh die me !!

Posted by super hero > 2018-08-08 17:00 | Report Abuse

hi, my name is super hero. I'm a share trading commentator!!! Goaaaaaaaaaaal today ikan bilis won 1-0 against Traders!

Posted by super hero > 2018-08-08 17:01 | Report Abuse

a re-match will be scheduled to kick off at 9am tomorrow 9/8/2018. stay tuned!!

Posted by Huatshare > 2018-08-08 17:14 | Report Abuse

Gg stock. Waste money

Posted by Nicholasming91 > 2018-08-08 18:18 | Report Abuse

Lol u got buy any ?

Posted by KingOfStock > 2018-08-08 23:12 | Report Abuse

today tambah nasi @ 0.075 hehehe.. stay tunes guys..

Posted by blueeagle > 2018-08-09 09:42 | Report Abuse

traders keep on pressing down the price...

Posted by jordanmaggie61 > 2018-08-09 10:02 | Report Abuse

good price to invest

Posted by villan33 > 2018-08-09 10:33 | Report Abuse

sfdlogo
FMU (Forest Management Unit) No.5 Trusmadi Forest Reserve (Class II)
1. Lately, many concerns and criticisms have been expressed through the social-media, asserting that Gunung Trusmadi, the 2nd highest mountain in the country, will be affected by logging. Such a concern is appropriate. However, and unfortunately, it has been soiled by misfacts, distortions, and misinformation.

2. The facts are as follows:
(i) Trusmadi Forest Reserve was first gazetted as a Class II (Commercial Forest Reserve) in 1961, covering 175,897 hectares. From then onwards, it had been licenced and re-licenced for short term logging at least twice or more.

(ii) At one time, the peak of Mt Trusmadi was also licenced for 25 years as part of a concession licence.

(iii) In 1997, under the newly launched SFM (Sustainable Forest Management) forest policy, Trusmadi Forest Reserve ( 175,897 ha.) was split into 2 management units – FMU10 (74,736 Ha.) left for conservation, but still under Class 2 and the balance as FMU 5 (101,161 Ha., licenced under the FMU system for 100 years and to follow the model of Deramakot. It was licenced to Anika Desiran Sdn Bhd, one of the (10) pioneer licencees, chosen by the government at that time.

(iv) Unfortunately, the Licensee failed to meet its obligations, in that, little work was carried out on the ground except for some forest tending or silviculture and the establishment of a 600 hectare (approx.) rubber plantation. The rubber plantation failed due to physical and climatic reasons. No real harm was done because there was little or no logging allowed by the government. This stagnant situation persisted for at least (20) years. However, in another sense, it was a blessing in disguise because the forests grew back due to little disturbance except for community encroachments.

(v) In the meantime, to strengthen conservation and for the security of tenure of FMU 10, the other portion of Trusmadi Forest Reserve and unlicenced, was proclaimed by the Rt Hon CM, Datuk Sri Panglima Musa Haji Aman as a Class I (protection) forest reserve in 2014 and to be directly managed by the Forestry Department purely for protection and conservation.

(vi) FMU 10 also received the coveted award as a “well managed forest” under the Gold Standard of the FSC (Forest Stewardship Council) in 2015.

(vii) To distinguish the Class I and Class II areas, the Trusmadi Forest Reserve portion of FMU10, was renamed Nuluhon Trusmadi Forest Reserve – Class I. This is where Mt Trusmadi and its sister peaks are sited – in Tambunan. Not in FMU 5 – Ranau. Mistaken identity may be (1) reason for the confusion.

(viii) The State Government also canceled and revoked all licences issued by a previous government, that covered Nuluhon Trusmadi Forest Reserve (class I ), including the bizzare “Peak Licence”.

(ix) The next burden to be addressed was FMU 5, licenced to Anika Desiran Sdn Bhd.

(x) The licencee appealed to the government that they be allowed to go into partnership with a 3rd party who have successfully embarked on the management of their own FMU licenced area, subject to whatever conditions the State Government may wish to impose apart from what are in the Licence Agreement. This was in 2016.
(xi) In principle, this has been agreed subject to more stringent measures to protect the environment that include the following, amongst others.
(a) The licencee surrenders 12,241 ha. of good forests in its northern border with FMU10 (Nuluhon Trusmadi Forest Reserve) to be fused with FMU10 and made into a Class I protection forests. This exercise was completed at the November 2016 State Assembly, making Nuluhon Trusmadi Forest Reserve now 86,977 ha. (74,736ha + 12,241ha). In addition, the government gazetted 1,068 ha of stateland, in Tambunan and also fused it with FMU 10. This new reserve, gazetted in 2010 called Kiluyu Forest Reserve of 1,068 ha. is now managed under FMU 10, making a totally protected management area of 88,045 Ha.

With the excision, the Anika area is now only 88,920 ha, a reduction of 12%.

(b) Riparian reserves are now widened to 50-100m depending on the width of rivers and waterways, from a standard 30m – a 50% to 300% widening of buffers.

(c) Only NFM (Natural forest management) can be practiced. If there is need for planting in highly degraded areas with conversion, this is restricted to indigenous species only and needs prior verification and a comprehensive planting plan (CPP). The gross area will be no more than 10,000 ha.

(d) Ril (Reduced Impact Logging) is compulsory, using mostly winched cable systems – e.g. Log Fisher, Cable Yarders.

(e) Prohibited species remain protected with the addition of (2) new species, i.e. Oaks and Chestnut species which are fruit trees.

(f) HCVS (high conservation value areas) are to be excised from CHPs (comprehensive harvest plans).

Posted by Nicholasming91 > 2018-08-09 11:55 | Report Abuse

So conclusion is...?

Posted by Shinnzaii > 2018-08-09 12:02 | Report Abuse

Conclusion is this stock still remain uncertainty, investigation of illegal logging and previous dead elephant cases...Wait MACC report out then know

Posted by pelaburuntung > 2018-08-09 12:11 | Report Abuse

huge q at 0.07, shark?

Posted by villan33 > 2018-08-09 12:20 | Report Abuse

FMU5 is a concession area carved out since 1996. Pworth did not get concession direct fr state govt but bought it fr previous concession holder with consent fr state govt. There is some posturing by new state govt but I cannot imagine that they can cancel the concession esp after the public have acted in good faith to subscribe to the rights issue. If there was anything wrong or irregular state govt shld hve stopped the acquisition much earlier not when it is completed and when public investment money amounting to hundreds of millions is involved.

Posted by villan33 > 2018-08-09 12:23 | Report Abuse

But sentiment is bad in short term but most of the risk is alrdy priced in. At 7. 5 sen mkt cap is abt rm300m for profit of close to rm40m per annum. Consider it another myeg scenario.

Posted by Nicholasming91 > 2018-08-09 12:46 | Report Abuse

As long they willing to pay the taxes.. should be no problem . A state still need income to sustain the people

Posted by excelyou > 2018-08-09 13:26 | Report Abuse

If Sabah really into FMU5, the seller (Transkripsi Pintar Sdn Bhd) have to pay back the fair price to Sabah.

Just like the 64 pieces of land that have been sold to the Federal Territories Foundation and other developers. Buyers of the condos/property will not be punish. if there is unfair sold, Kuala Lumpur City Hall shall get the fair amounts from the Developers or Foundation.

Priceworth was just a genuine buyer, SPA was executed under law and Bursa requirements.

I am doubt FMU5 under the probe because Bursa and Priceworth should announce the probe of MACC since last few weeks.

Posted by Nicholasming91 > 2018-08-09 13:35 | Report Abuse

Priceworth has big boss watching.. RHB boss Rashid

Posted by pelaburuntung > 2018-08-09 14:17 | Report Abuse

come on pworth

Posted by Shinnzaii > 2018-08-09 14:24 | Report Abuse

Yes RHB...
http://www.theedgemarkets.com/article/rhb-contributes-rm200000-zakat-sabah

Posted by plcinvest > 2018-08-09 15:31 | Report Abuse

TS Rashid Hussain is no longer the owner of RHB Banking Group after 1998 Asian Financial Crisis.

Posted by junetan20 > 2018-08-09 15:34 | Report Abuse

btw, when the RI will be credited ?

Posted by Nicholasming91 > 2018-08-09 15:40 | Report Abuse

Ya founder only XD . Now epf owns it

Posted by blueeagle > 2018-08-09 17:04 | Report Abuse

red bar

Posted by Brian Loke > 2018-08-09 17:53 | Report Abuse

On behalf of the Board of PWI, RHB Investment Bank wishes to announce that as at the date of the closing of acceptance, excess application and payment for the Rights Issue at 5.00 p.m. on 6 August 2018 (“Closing Date”), PWI had received valid acceptances and excess applications for 2,568,635,101 Rights Shares, representing an over-subscription of 521,173,839 Rights Shares or approximately 25.45% over the total number of Rights Shares available for subscription under the Rights Issue.

Posted by Nicholasming91 > 2018-08-09 18:07 | Report Abuse

Brian so the total will be 3 billion shares

Posted by Nicholasming91 > 2018-08-09 18:16 | Report Abuse

2 bill 0.5 bil excess

Posted by Nicholasming91 > 2018-08-09 18:20 | Report Abuse

How ah now traders keep bring down to 0.07

Posted by junetan20 > 2018-08-09 18:32 | Report Abuse

wait saja loh.

Posted by blueeagle > 2018-08-09 23:13 | Report Abuse

KUALA LUMPUR (Aug 9): Timber and sustainable forestry firm Priceworth International Bhd announced today that its rights issue with bonus shares has been oversubscribed by 25.45%.

In an exchange filing today, Priceworth said as at the closing date of acceptance (Aug 6), it received valid acceptances and excess applications for 2.57 billion rights shares.

This represents an oversubscription of 521.17 million rights shares, or about 25.45% over the total number of rights shares available for subscription. The total rights shares available for subscription is 2.05 billion shares. Every successful application will get a bonus share for every two rights shares subscribed.

In October 2016, Priceworth announced its plans to acquire Rumpuan Capaian Sdn Bhd for RM260 million, to be funded via a series of corporate exercises which included a private placement, special issuance of shares, and a renounceable rights issue with bonus shares.

In March 2018, the company revised the proposed two-for-one rights issue to be a single call of five sen per share, for up to 2.05 billion shares, instead of a two-call exercise. Terms for the bonus issue remained unchanged.

Shares in Priceworth slid half a sen or 6.67% to close at seven sen today, valuing it at RM224.34 million.

Posted by plcinvest > 2018-08-10 09:36 | Report Abuse

Does an oversubscription of rights by 25% mean there is large number of investors wanting to invest and get rewarded in the long term? I am in for long term.
@wan - if you are of the view that PWI is of poor value as you categorised it as Toxxet paper, why you bother to post the same statement over and over again. You are big CON trader.

Posted by coldinvestor > 2018-08-10 10:55 | Report Abuse

You may get cheaper prices from 15/08 - 20/08.

Posted by azta12 > 2018-08-10 15:27 | Report Abuse

no worry.

Posted by newbie12 > 2018-08-10 15:38 | Report Abuse

when will the subscribed right issue will be transfer to our account?

Posted by hklcheng > 2018-08-10 15:45 | Report Abuse

wow...up up up...hopefully get to buy the excess

Posted by joni > 2018-08-10 16:03 | Report Abuse

9 sen coming soon

Posted by excelyou > 2018-08-10 16:45 | Report Abuse

FY2019 profit hit RM100 million??

Posted by junetan20 > 2018-08-10 23:13 | Report Abuse

@newbie12 20 aug will credited.

Posted by KingOfStock > 2018-08-11 21:23 | Report Abuse

FY2019 profit hit RM100 million?? yup. and coming quarter result is BOOM also.. announcement will be this month.. hehe..

Posted by blueeagle > 2018-08-11 23:58 | Report Abuse

such a.good news,add more ....add more.....fly

Posted by CHWong > 2018-08-12 20:03 | Report Abuse

when u think RHB bank boss inside u all will feel secure ald

Posted by blueeagle > 2018-08-13 09:21 | Report Abuse

hopefully will in.

Posted by pelaburuntung > 2018-08-13 10:54 | Report Abuse

when pworth will announce the qr report?

Posted by jordanmaggie61 > 2018-08-13 11:18 | Report Abuse

buy now don't regret later

Posted by excelyou > 2018-08-13 12:03 | Report Abuse

Japan need Sabah plywood desperately due to internal development growth and Olympics 2020.

Posted by excelyou > 2018-08-13 12:11 | Report Abuse

MOU with China Foshan.

1.

Products

Container flooring

2.

Sale Price

RMB 3,200 per cubic metre of Products

3.

Agreed Quantity

60,000 cubic metres per annum averaging approximately 5,000 cubic metres of Products per month with the first supply commencing within two (2) months after full disbursement of the Advance Payment in accordance to the MOU.

4.

Term

5 years commencing from the execution of the definitive Supply Agreement.

5.

Advance Payment

Foshan will provide an advance payment in the sum of RMB 4,000,000 to Sinora for the purpose of designing, engineering, procurement, construction, installation, testing and commissioning.

RM120 million extra sales per annum.

Posted by pelaburuntung > 2018-08-13 12:29 | Report Abuse

nice