@whistlebower99: Please advise if my interpretation is not correct.
BLee: I can't advise as I am still blur as the calc doesn't seem to match?? Details: Issue Date 12 Apr 2022 Issue/ Ask Price Malaysian Ringgit (MYR) 0.1500 meaning each AGES-PA used in the calc?
Issue Date 08 Jun 2022 Issue/ Ask Price Not Applicable meaning value of 0.1500 each AGES-PA no more used in the calc? What is the value then?
(i) the conversion price of ICPS of RM1.95 each will be revised to RM1.03 each. The change ratio has been adjusted to 1.95:1.03, the 13:1 should be reduced correspondingly by 13 x (1.03/1.95) = 6.87:1 if 0.1500 is used in calc. Example: Fintec-PA conversion changed from 16:8 to 11:8 and ARBB PA changed from 20:1 to 14:1 without the ICPS subscribing price changed after completing RI…
(ii) the cash payment for conversion of ICPS (based on the conversion mode of surrendering 1 ICPS with additional cash payment for 1 new Share) of RM1.80 each will be revised to RM0.95 each. It seem the same ratio is been used i.e. RM1.8 x (1.03/1.95) = RM0.95, but the value of RM0.1500 AGES-PA cannot be reduced as cash subscribed credited in the ICPS account?? How is this ICPS cash handled??
I am still learning the criteria of investing in ICPS, therefore willing to take the investment risk.
Support at 0.2 RI price already broken, better don't touch for now. I believe this or previous consolidation / RI is to buy shares from thin air when bilis collection failed, and also to reduce their average cost per share. Wait for some time and if 0.2 still not supported, likely there may be more game plan (more downside to flush bilis or collect tickets).
The Malaysian construction industry grew by an estimated 1.5% in real terms in 2021, following an annual decline of 19.4% in 2020
The industry's output in 2021 was supported by an improvement in wider economic activity and more favorable external demand.
Despite remaining stable in the first half of last year, construction activities plummeted in the third quarter of 2021, due to weakness in civil engineering, residential and non-residential building construction activity.
As a result, the Malaysian construction industry contracted by 2.6% year on year (YoY) in the first three quarters of 2021, according to the Department of Statistics Malaysia (DOSM).
The industry is expected to have registered positive growth in the final quarter of 2021, supported by a fall in Coronavirus (COVID-19) infections and the subsequent relaxation of restrictions.
However, severe flooding towards the end of Q4 2021 may slow growth in early Q1 2022.
GlobalData expects the Malaysian construction industry to expand by 16.5% this year, supported by further improving economic conditions, the government's focus on completing large infrastructure projects, and increased investment on industrial and energy projects.
In December 2021, the Malaysian parliament passed the government's budget for 2022, approving an expenditure of MYR332.1 billion ($81.8 billion).
The budget includes an allocation of MYR75.6 billion ($18.6 billion) for development expenditure, as well as a number of incentives to improve employment rates and support businesses.
The construction industry is expected to register an annual average growth of 6.2% between 2023 and 2026, driven by investment in large-scale transport and energy projects.
In September 2021, the government announced its plan to establish the Public Private Partnership (PPP) 3.0 model, a specialized mechanism to fund infrastructure projects in the 12th Malaysia (12MP) plan between 2021 and 2025.
In June 2021, the government unveiled its energy transition plans until 2040, aiming to increase the proportion of renewable energy in the total energy mix from 2% in 2019, to 31% by 2025 and 40% by 2035.
As part of the 12MP, the government announced its goal of developing 120 cities to achieve sustainable city status by 2025, by providing additional support to private sector projects implementing strategic development programmes.
The government also intends to construct 500,000 affordable houses by 2025.
Those still holding from months ago have no point to sell because % drop is too huge to get back any meaningful capital. Without catalysts for this counter, it's a drag race and attrition fight.. but to the cindy kate is normal, it is their job and doing it for decades... Many shares out there have same fate, guess many bilis got richer from previous 2020 bull run and still holding tons of stocks, hence the beatdown from the kates family...
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Globalview88
53 posts
Posted by Globalview88 > 2022-06-09 20:03 | Report Abuse
Blow water