Questions raised by shareholders/proxies and attended by the CEO:- 1. What is the reason for the plan of developing silicon plant in Sabah in terms of the power requirement in Sabah? Answer: The CEO responded that the reason for the plan is due to the depletion of electricity power in Sarawak which will be insufficient for the Company’s development in heavy industry. The next availability of hydropower in Sarawak will be in year 2027. The CEO elaborated that Sabah does not have sufficient power for heavy industry but Sabah has plenty of natural gas to generate addition power. The Company is in the midst of conducting negotiations with Sabah State of Government for the plan. 2. What is the future plan for the usage of 124 acres land in a newly acquired subsidiary i.e. Asia Advanced Materials Sdn Bhd? Answer: The CEO responded that the the said land is located opposite of the current silicon plant in Sarawak and it is for future expansion. 3. How can we identify an excellent Management team as Koon’s family in term of their efficiency against the benefits as a shareholder? Answer: The CEO responded that they have been practicing prudently in making business decision whereby the Management will always study the background and conduct proper research on every business opportunity. The Management constantly focus on cost and efficiency even with the fact that the silicon price is uncontrollable. The Chairman further reiterate that there are various factor such as the business decision, effort of management and employees, and the family value between the Executive Directors of the Company as well as support from local authorithy. 4. How is the market among United States supplier, European countries supplier and China supplier would affect the Company? Answer: Supplying to United States and European countries by China are subject to their antidumping duties. The Company also views that United States is a cautious place to trade as there is a possible threat of anti-dumping and barriers which would harden the trade. 5. Why there are only 10% of the sale of the Company was derived from United States? Answer: The CEO responded that the sale to United States is low as compared to Europe and Asia market. The Company is confident in the increase of silicon’s demand in United States market due to its various usage and with the recovery of automobile industry in United States and European countries.
PMB Technology Berhad Registration No. 200201016594 (584257-X) Minutes of the Twentieth Annual General Meeting held on 16 June 2022 6. Will the Company have the competitive advantage on the ‘green’ silicon and less carbondised product? Answer: The CEO responded that the market is tend to promote ESG and most of the companies having their own ESG programme to reduce the carbon footprint in their supply chain and etc. The Company is confident that the demand on green product will be increased in the future. 7. Does PMB Technology Berhad have a hedging policy like Press Metal Aluminium Holdings Berhad? Answer: The CEO responded that as of current, the Company has only been hedging on sale in term of Foreign Exchange Currency mainly USD. The hedging for silicon metal is not available at the moment. 8. Based on your opinion, what is the estimated time for United States to build or rebuild its solar polysilicon plants? Answer: The CEO responded it is not difficult for them to build or rebuild the solar polysilicon plants but it is common that they will have their protection measures. 9. How the Company deals with the global inflation? Answer: The CEO responded that the Company is consistently trying its best to bring down the cost as low as possible by maintaining economies of scale. 10. What is the Company’s current market position? Answer: The CEO responded that the Company is at lower quartile in term of production as compared to other suppliers other than China’s producer, the Company is on par of all other best producers. Tan Sri Dato’ Chairman also emphasised in relation to the prospect that the energy cost is elevating, thus to secure new power/energy contract in long term basis will help the Company to control the cost of production effectively. Moreover, greener source of energy will be a market trend and this will increase the green product’s demand.
11. What is the estimated timeline in connection with the availability of the hydropower in Sawarak? Answer: The CEO responded that due to the delayed of the contract on the hydropower development in Sarawak, there will have no additional power supply until the year of 2027 or 2028. 12. What is the impact of the rising of China suppliers in global market supply of the silicon? Answer: The CEO responded that China is generating more solar power for their own utilisation. Despite of the less favourable market sentiment recently, the Company is still able to manage its production cost and sale at competitive price. 13. Forced labour issue being one of the major concerns in the international market, what is the view of the Company? Answer: The CEO responded that the Company is aware on the relevant issue and has been allocating resources to ensure that the Company is in compliance with the rules and regulation. Tan Sri Dato’ Chairman also emphasised that the Company understands the importance of not only to comply with the local requirements but also to practice as per the global standard and requirement on the aforesaid issue, as an exporting company / International player. 14. What are the various grade of the silicon metal available in the market? Answer: The CEO had briefed the general type of silicon, grade and its usage in different industry according to the purity and its demand in the market. 15. Would the Company consider to diversify its customers to different region other than Asia countries? Answer: The CEO responded that the Board believes in having a diversified profile of customers to reduce concentration risks. 16. What is the target timeframe for the next phase of silicon plant? Answer: The CEO responded that the silicon plant is targeted to operate two new furnaces by third quarter of year 2023, where first furnace is expect to be completed in 1st Quarter 2023 and another is expected to be done in the third quarter of 2023. Page 14 of 14 PMB Technology Berhad Registration No. 200201016594 (584257-X) Minutes of the Twentieth Annual General Meeting held on 16 June 2022 17. How the maintenance for the furnaces in silicont plant is scheduled? Answer: The CEO responded that there will have major maintenance and regular maintenance. Major maintenance will require to shut down the furnaces for about one or two months and regular maintenance will require to shut down the furnaces for one or two days. The maintenance of the furnaces will be conducted by batches in order to ensure that the production is as per scheduled.
Other word for pump n dump is buy and sell. Thats wat the stock market is.. If u dont get it put ur money in fixed deposhiit in bank. Dont come here buruk buruk kan nama pmbtech
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....
imvu
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Posted by imvu > 2022-08-01 16:24 | Report Abuse
hari hari hijau ?