The project, which was awarded to PCB on June 25, 2019, is worth RM24.9 million. (please take note, why award on 25/6 only being announced on 20/9? ) what is the bursa announcement requirement for substantial value contract? management negligence? or when they fail to boost up price above 0.15 then they announce?
Prinsiptek: Enters JV to develop Langat 2 water treatment plant. Prinsiptek Corp (PCB)'s unit has teamed up with QSE Construction SB to develop the Langat 2 water treatment plant and water reticulation system in Selangor and Kuala Lumpur. The group said it has entered into a JV agreement with QSE for the project. "It is an opportunity for PCB Group to capitalise on its experience and expertise in construction projects, which is in line with PCB Group's strategy to develop and grow its construction segment," it said. The project, which was awarded to PCB is worth RM24.9m. PCB is entitled to 92.5% of the contract sum and will be funding the working capital for the project, while QSE will be the contract manager for the water treatment plant and water reticulation system. (The Edge)
Prinsiptek Corporation Bhd has teamed up with QSE Construction Sdn Bhd to develop the Langat 2 water treatment plant and water reticulation system. It entered into a joint venture agreement (JVA) with QSE for the RM24.9 mln project. Under the JVA, the parties will jointly undertake the project which was awarded by Pengurusan Aset Air Bhd. Prinsiptek is entitled to 92.5% of the contract sum. The JVA would be for 24 months and it would start operations immediately. (The Star Online)
What can this JV do? A big JV cannot move the counter. This is just a small JV. Perhaps, they need to come with something that can purify the air quality and chase away the haze.
As stock exchange is like a gambling. Sell and buy at your own risk. The when the warrant price rebound, sell it but the old fox may do opposite action like goreng it up and sell it to you. No right and wrong.
if you treat Bursa as a Casino. You might just don't touch it. How many gambler win? You invest not gamble in Bursa, The fundamental of any stock is important. Does this stock carry any fundamental in any point in time?
Earnings Per Share (EPS) The figure can be calculated simply by dividing net income earned in a given reporting period (usually quarterly or annually) by the total number of shares outstanding during the same term.
Earning per share is the same as any profitability or market prospect ratio. Higher earnings per share is always better than a lower ratio because this means the company is more profitable and the company has more profits to distribute to its shareholders.
masterus, there is no problem for psiptek to make money, biggest risks of the co are (1) high amount owing from contract customers!!!!! too huge (if quality degrade bcum bad debt, habis) (2) running out of cash (3) creditor and bank waiting for them to pay
and the one i worry the most, sustainability of new bosses!!!! 10billion PA, malaysia bursa history!!!!
Gross Amount Due to Customer represents the amount of revenue earned on a contract in excess of the amount billed to the customer. It also includes the amount of contract costs incurred in excess of the amount charged to the income statement.
The quick ratio is an indicator of a company’s short-term liquidity position and measures a company’s ability to meet its short-term obligations with its most liquid assets.
dear bro and sister...dont sell when u r in fear....there will be refound to 0.145/0.15!!! now not yet announcement on submission of proposal to bursa.....i dunno if they can submit without announcement....still a long way to go
when you are in fear...they will collect all your shares via proxies...and these shares will then be release to public upon completion of pa issuance...be strong enough to face the future....
SUPERBULL888 - SHARING OF VALID NEGATIVE POINTS ARE POSITIVE FOR FUTURE!!! IF DARE NOT EVEN FACE THE EVIL INSIDE YOUR HEART HOW YOU GOING TO IDENTIFY THE FUTURE EVIL WHICH GOING TO ATTACK YOU?
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....
masterus
3,597 posts
Posted by masterus > 2019-09-12 12:54 | Report Abuse
No dividend nevermind, share prices growth rate also like a shit. So, who want to invest in this company?