Posted by mkmk > 2018-09-04 08:19 | Report Abuse

Tswong, mfrs141 not as difficult as u tot... engage a third party valuer to do the discounted cash flow analysis to come up with the fair value only... financial analyst can fair value everything under the sun.... fyi, some sdn bhd is required to do fv on their biological assets too under mpers... if they can get valuer to assess the value of fmu5, whats the problem they stuck with the fair value of their other concession rights?

Posted by Nicholasming91 > 2018-09-04 08:19 | Report Abuse

I think everything will be fine.. right now they just have to cooperate with the investigation

Posted by kakashi > 2018-09-04 08:37 | Report Abuse

Morning. This seems like a very bad investment so far

Posted by coldinvestor > 2018-09-04 08:38 | Report Abuse

Q 5mil shares at 0.05.

Posted by soon9913 > 2018-09-04 09:20 | Report Abuse

Coldinvestor, actually is quite hard to make money from this investment unless got insider news

Posted by coldinvestor > 2018-09-04 10:07 | Report Abuse

Yes you are right FY2019 projected PAT RM80mil. 2019 TP 0.250-0.300.

Posted by kh99892008 > 2018-09-04 10:17 | Report Abuse

but if this friday qtr report can not come out , then we all susah liao lorrrrrrr............

Posted by coldinvestor > 2018-09-04 10:18 | Report Abuse

Never mind la i just park here RM500K-1mil for 2 years.

Posted by kh99892008 > 2018-09-04 10:19 | Report Abuse

report can come out or not? we all don't know.

Posted by hypeman > 2018-09-04 10:20 | Report Abuse

wah.. die hard gambling

Posted by blueeagle > 2018-09-04 10:24 | Report Abuse

Posted on 3 September 2018 - 12:34pm
Last updated on 3 September 2018 - 09:09pm

sunbiz@thesundaily.com

PETALING JAYA: Priceworth International Bhd which was the most active counter at early trade today, plunged 25% to 4.5 sen after delays in releasing its unaudited quarterly report for the period ended June 30 within the stipulated time frame which ended on August 30.
 
At 11.35am, the stock was trading at 5 sen with 76.39 million shares done.
The group told the stock exchange on Thursday, that it is unable to release its unaudited quarterly report for the period ended June 30, to Bursa Malaysia Securities Bhd  by August 30, which is a period not later than 2 months after the end of each quarter of a financial year as required.
 
Priceworth's securities will be suspended if the financial results are not released on or before Sept 7, which is five market days after the initial deadline of August 30.
The delay was attributed to the process of adopting the Malaysian Accounting Standards Board's (MASB) Malaysian Financial Reporting Standards (MFRS) framework.
Coming under the Transitioning Entities category for the MFRS framework—the group is required to prepare financial statements using the framework  for its  financial statements for the financial year ending June 30, 2019.
In order to enhance the comparability and relevance of the financial statements, the group has decided to early adopt the MFRS frameworks and prepare their financial statements using MFRS for the current financial year ended June 30.
"To facilitate the finalization of the valuation of the group's biological assets following the adoption by the company of MFRS 141 as the directors are of the view that the early adoption of MFRS 141 will result in a more true and fair financial position as well as enhance the comparability and relevance of the financial statements," said its board of directors.

Posted by hypeman > 2018-09-04 10:27 | Report Abuse

they only said endeavor to release before or on 7 sept.. gg liao... didn't say they WILL release

Posted by blueeagle > 2018-09-04 10:31 | Report Abuse

hope can release on time,if not really gg liao...

Posted by kh99892008 > 2018-09-04 10:32 | Report Abuse

important is before sept 7 financial results must released
if not this counter will suspened.

Posted by coldinvestor > 2018-09-04 10:33 | Report Abuse

Please go ahead for the suspension of 6 months.

Posted by soon9913 > 2018-09-04 10:34 | Report Abuse

Potentially delist after suspension?

Posted by soon9913 > 2018-09-04 10:35 | Report Abuse

Anyone call the company?

Posted by blueeagle > 2018-09-04 10:37 | Report Abuse

now only got 1 chance,fully top up then sell all

Posted by rijack88 > 2018-09-04 10:44 | Report Abuse

@coldinvestor ur 5M should be match d.

Posted by noideahow > 2018-09-04 11:00 | Report Abuse

what will happen after suspended? will our shares still in our account? (*worry)

Posted by blueeagle > 2018-09-04 11:33 | Report Abuse

selling a lot......

Posted by mkmk > 2018-09-04 12:37 | Report Abuse

Coldinvestor, havent match meh? I q 5m to sell 0.05 just now... match d ba....

Posted by coldinvestor > 2018-09-04 12:40 | Report Abuse

Another 10mil at 0.045.

Posted by mkmk > 2018-09-04 12:41 | Report Abuse

Later i q... still have 84m lagi...

Posted by soon9913 > 2018-09-04 13:20 | Report Abuse

no worries .. I will q 100mil share at 0.04

Posted by kakashi > 2018-09-04 13:25 | Report Abuse

like this I Q 500mil at 0.035

Posted by hypeman > 2018-09-04 13:51 | Report Abuse

O really? I Q 300mil at 0.075 just now.. matched hehe

Posted by qqq3 > 2018-09-04 14:07 | Report Abuse

this icon chose this Priceworth....cannot even produce results.......hahahahaha

Posted by mkmk > 2018-09-04 14:11 | Report Abuse

All kaya raya.... rich rich belaka...

Posted by Cyven Kew > 2018-09-04 14:11 | Report Abuse

3 situation

1.Now selling... lost 20-30%,
2. Suspended ... lost 100% ( but company was profit)
3. if report was good... up to 0.12...

Posted by hypeman > 2018-09-04 14:12 | Report Abuse

guys, what is the value of this stock when they didn't have fmu 5? So hypothetically speaking, without FMU5, is pworth more or less than 0.05 cents?

Posted by mkmk > 2018-09-04 14:22 | Report Abuse

Naps now is 0.10-0.11.... after fv of other concession rights and fmu5 maybe higher.... but many stock also trade below naps.... it is hard to tell how much it worth la...let uncertainty becomes certain first....

Posted by kakashi > 2018-09-04 14:25 | Report Abuse

If suspended will lose all money?

Posted by hypeman > 2018-09-04 14:29 | Report Abuse

suspended cannot trade the stock... but delisted (6 months without submitting report) will lose all money

Posted by qqq3 > 2018-09-04 14:33 | Report Abuse

not easy to be investor lo.

Posted by kakashi > 2018-09-04 14:33 | Report Abuse

Ya. So suspension don't mean u lose all money

Posted by hypeman > 2018-09-04 14:39 | Report Abuse

what if richard koo hit n run haha

Posted by mkmk > 2018-09-04 14:39 | Report Abuse

Suspension only cant trade... wont delisted la...

Posted by qqq3 > 2018-09-04 14:40 | Report Abuse

sabah bans export of round logs...this company needs to change.

Posted by noideahow > 2018-09-04 15:21 | Report Abuse

phew, means still got hope. either lose more or win.

Posted by soon9913 > 2018-09-04 15:32 | Report Abuse

Here have no investors, all are speculators

Posted by Sk9864 > 2018-09-04 15:38 | Report Abuse

Buy buy buy

Posted by blueeagle > 2018-09-04 16:10 | Report Abuse

buy buy buy ...hit n run

Posted by Stockhunter85 > 2018-09-04 16:45 | Report Abuse

Priceworth already told the press about the ban of round log will have insignificant impact on pworth in may. And if u read through their annual report. Pworth main product of sales is plywood which at very high demand from japan now. They can just supply the round log easily to local furniture company as its lack of round log everywhere now or process it into plywood. What u worry about the ban of round log export?

Posted by soon9913 > 2018-09-04 17:24 | Report Abuse

i THINK tomorrow would be a better day!

No WORRIES!

Posted by kakashi > 2018-09-04 17:32 | Report Abuse

Suspension

Posted by mkmk > 2018-09-04 18:40 | Report Abuse

Soon, i was an investor but i dump all at 0.085... i maybe an investor again when things turn out right...

Posted by kakashi > 2018-09-04 19:06 | Report Abuse

Wow. ...0.085 is a very good sell

Posted by mkmk > 2018-09-04 19:14 | Report Abuse

Before rights issue coz i expect a selling pressure once listed...

Posted by blueeagle > 2018-09-04 19:18 | Report Abuse

hopefully this counter dont disappointed us...