PROGRESSIVE IMPACT CORPORATION

KLSE (MYR): PICORP (7201)

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Last Price

0.06

Today's Change

0.00 (0.00%)

Day's Change

0.055 - 0.06

Trading Volume

203,000


8 people like this.

3,461 comment(s). Last comment by koyokui 1 month ago

Good123

26,232 posts

Posted by Good123 > 2023-04-20 15:40 | Report Abuse

The last transacted market price of PICORP Shares on 20 March 2023 (being the date of the
announcement of the SBB Mandate) was RM0.115.
The last transacted market price of PICORP Shares on LPD was RM0.115.
(Source: wsj.com)

Good123

26,232 posts

Posted by Good123 > 2023-04-20 15:42 | Report Abuse

ORDINARY RESOLUTION 7 - PROPOSED RENEWAL OF SHAREHOLDERS’ MANDATE TO
PURCHASE ITS OWN ORDINARY SHARES OF UP TO 10% OF THE TOTAL NUMBER OF
ISSUED SHARES IN THE COMPANY
“THAT subject always to the Companies Act 2016 (“the Act”), the Constitution of the Company, the Main
Market Listing Requirements (“Listing Requirements”) of Bursa Malaysia Securities Berhad (“Bursa
Securities”) and all other applicable laws, guidelines, rules and regulations, the Company be and is hereby
authorised, to the fullest extent permitted by law, to purchase such number of issued shares in the Company as
may be determined by the Directors of the Company from time to time through Bursa Securities upon such
terms and conditions as the Directors may deem fit and expedient in the interest of the Company provided that:
(i) the aggregate number of issued shares in the Company (“Shares”) purchased (“Purchased Shares”) and/or
held as treasury shares pursuant to this ordinary resolution does not exceed ten per centum (10%) of the
total number of issued shares of the Company as quoted on Bursa Securities as at point of purchase; and
(ii) the maximum fund to be allocated by the Company for the purpose of purchasing the shares shall not
exceed the aggregate of the retained profits of the Company based on the latest audited financial
statements and/or the latest management accounts (where applicable) available at the time of the purchase,
(“Proposed Share Buy-Back”).
THAT the authority to facilitate the Proposed Share Buy-Back will commence immediately upon passing of this
Ordinary Resolution and will continue to be in force until:
(a) the conclusion of the next Annual General Meeting (“AGM”) of the Company following this AGM at
which this resolution is passed, at which time the authority shall lapse unless by ordinary resolution passed
at the next AGM, the authority is renewed, either unconditionally or subject to conditions;
(b) the expiration of the period within which the next AGM of the Company is required by law to be held; or
(c) revoked or varied by ordinary resolution passed by the shareholders of the Company at a general meeting,
whichever occurs first, but shall not prejudice the completion of purchase(s) by the Company of its own Shares
before the aforesaid expiry date and, in any event, in accordance with the Listing Requirements and any
applicable laws, rules, regulations, orders, guidelines and requirements issued by any relevant authorities.
THAT the Directors of the Company be and are hereby authorised, at their discretion, to deal with the Purchased
Shares until all the Purchased Shares have been dealt with by the Directors in the following manner as may be
permitted by the Act, Listing Requirements, applicable laws, rules, regulations, guidelines, requirements and/or
orders of any relevant authorities for the time being in force:
(i) to cancel all or part of the Purchased Shares;
(ii) to retain all or part of the Purchased Shares as treasury shares as defined in Section 127 of the Act;
(iii) to distribute all or part of the treasury shares as dividends to the shareholders of the Company;
(iv) to resell all or part of the treasury shares;
(v) to transfer all or part of the treasury shares for the purposes of or under the employees’ share scheme
established by the Company and/or its subsidiaries;
(vi) to transfer all or part of the treasury shares as purchase consideration;
(vii) to sell, transfer or otherwise use the shares for such other purposes as the Minister charged with the
responsibility for companies may by order prescribe; and/or

Good123

26,232 posts

Posted by Good123 > 2023-04-20 15:42 | Report Abuse

(viii) to deal with the treasury shares in any other manner as allowed by the Act, Listing Requirements,
applicable laws, rules, regulations, guidelines, requirements and/or orders of any relevant authorities for
the time being in force.
AND THAT the Directors of the Company be and are authorised to take all such steps as are necessary or
expedient [including without limitation, the opening and maintaining of central depository account(s) under
Securities Industry (Central Depositories) Act, 1991, and the entering into all other agreements, arrangements
and guarantee with any party or parties] to implement, finalise and give full effect to the Proposed Share Buy-
Back with full powers to assent to any conditions, modifications, variations and/or amendments (if any) as may
be imposed by the relevant authorities.”
Explanatory Notes on Special Business:-
Ordinary Resolution 7
The proposed Resolution is intended to allow the Company to renew its existing authorisation to purchase its
own shares up to 10% of the total number of issued shares of the Company at any time within the time period
stipulated in the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

BILLC

2,043 posts

Posted by BILLC > 2023-04-20 15:50 | Report Abuse

Wow,,,PI is sifu good123 new project after making millions in pasukhas,,,,

Good123

26,232 posts

Posted by Good123 > 2023-04-20 16:51 | Report Abuse

They would probably invite investors from saudi or uae to acquire a stake in picorp... The possibilities are unlimited

Good123

26,232 posts

Posted by Good123 > 2023-04-20 16:51 | Report Abuse

Very soon, dapat duit raya from picorp...

Good123

26,232 posts

Posted by Good123 > 2023-04-25 09:08 | Report Abuse

duit raya is back.... just be patient

Good123

26,232 posts

Posted by Good123 > 2023-04-25 09:20 | Report Abuse

Obedient
to Allah
Process
Excellence
Innovative
Result
Oriented
Peak
Performance
Competitive

****Core Values

Good123

26,232 posts

Posted by Good123 > 2023-04-25 09:22 | Report Abuse

Growth Margin Customer
Management
Risk
Management
Technology Cash Velocity

Good123

26,232 posts

Posted by Good123 > 2023-04-25 09:22 | Report Abuse

Audit Commiee
Registrar Auditor Principal Banker
Board Risk Management
Commiee
Head Oce &
Registered Oce
Remuneration Commiee
Company Secretaries
Nomination Commiee
Lee Weng Chong
Chairman
> Dato’ Hajjah Rosnani binti Ibarahim
> Zaidah binti Mohd Salleh
> Kamarul Baharin bin Albakri
Lee Weng Chong
Chairman
> Dato’ Hajjah Rosnani binti Ibarahim
Tricor Investor & Issuing House
Services Sdn Bhd
Unit 32-01, Level 32, Tower A
Bangsar South, No 8, Jalan Kerinchi
59200 Kuala Lumpur
Telephone No. : 03-2783 9299
Facsimile No. : 03-2783 9222
Dato’ Hajjah Rosnani
binti Ibarahim
Chairman
> Dato’ Dr. Lukman bin Ibrahim
> Kamarul Baharin bin Albakri
Dato’ Hajjah Rosnani
binti Ibarahim
Chairman
> Lee Weng Chong
Ernst & Young PLT 202006000003 (LLP0022760-LCA) &
AF No. 0039
Level 23A, Menara Milenium
Jalan Damanlela, Pusat Bandar
Damansara, 50490 Kuala Lumpur
Telephone No. : 03-7495 8000
Zaidah binti Mohd Salleh
(MIA 3313)
(SSM PC NO. 202008000882)
Wong Wai Foong
(MAICSA 7001358)
(SSM PC NO. 202008001472)
Kuan Hui Fang
(MIA 16876)
(SSM PC NO. 202008001235)
AmBank Islamic Berhad

Good123

26,232 posts

Posted by Good123 > 2023-04-25 09:24 | Report Abuse

MALAYSIA
• Alam Sekitar
Malaysia Sdn Bhd
• Asma
Environmental
Consultancy
Sdn Bhd
• Alam Sekitar
Eco-Technology
Sdn Bhd
100%
100%
90%
INTERNATIONAL
• Asma International
Sdn Bhd
• Saudi Asma
Environmental
Solutions LLC
100%
100%

Good123

26,232 posts

Posted by Good123 > 2023-04-25 09:24 | Report Abuse

LABORATORY TESTING
SERVICES
MALAYSIA
• ALS Technichem
(Malaysia) Sdn Bhd 59%
INTERNATIONAL
• PT ALS Indonesia 80%

Good123

26,232 posts

Posted by Good123 > 2023-04-25 09:25 | Report Abuse

The only way to discover
the limits of the possible
is to go beyond them into
the impossible.

Good123

26,232 posts

Posted by Good123 > 2023-04-25 09:28 | Report Abuse

PICORP’s major businesses are the provision of environmental monitoring, consultancy, and services and laboratory
testing services. PICORP presence in the environmental segment is represented by the operations in Malaysia
namely Alam Sekitar Malaysia Sdn Bhd (“ASMA”) and the operations in Saudi Arabia namely Saudi Asma and Asma
Advanced Solutions LLC (“Asma Advanced”) while the laboratory testing segment is represented by ALS
Technichem (M) Sdn Bhd (“ALS Malaysia”) in Malaysia and PT ALS Indonesia (“ALS Indonesia”) in Indonesia.
PICORP provides services to various sectors such as environmental, oil and gas, power, utility, food and
pharmaceutical. These clients are mainly private sectors, state governments and municipalities in Malaysia, Indonesia
and Saudi Arabia.
The environmental monitoring, consultancy and services include monitoring services (air, water, noise, and vibration),
monitoring equipment and system integration (continuous air/water quality monitoring system), consultancy
services (environmental impact assessment and environmental management plan), and environmental data
management and environmental training.
The scope of supply and services under environmental monitoring, consultancy and services within Malaysian
operations comprises air monitoring, water monitoring, domestic wastewater treatment, and water & industrial
wastewater treatment, while Saudi operations focuses more on the supply of public health management and
integrated pest management services.
In the environmental segment, ASMA maintained its position as Department of Environment (“DOE”)’s Strategic Partner for Environmental Sustainability in 2022. ASMA has been the DOE’s Strategic Partner for Environmental
Sustainability since 2016.
Laboratory testing services include provision of environmental sampling & testing, food safety testing including
halalan toyyiban assurance testing and pharmaceutical & medical devices testing. In the food and pharmaceutical
industry, the segments are further broken down into Nutrition and Contaminants. Similarly, in the environmental
industry, the segments comprise Air Industrial Hygiene, Environmental Health, Organics and Inorganics, and
COVID-19 testing which was newly introduced in FY2021. The COVID-19 testing services comprise human and
environmental testing, whereby the business diversifications is contributed by the business agility to respond to the
current market need and demand.
The laboratory testing segment continues to operate as one of Malaysia’s largest analytical and testing services
businesses and our partnerships span across major sectors including environmental, food, pharmaceutical industrial
and tribology services. Its presence in the strategic locations in Malaysia comprising 1 hub and 3 spokes makes
it accessible to customers. Backed by strong brand presence and outstanding quality services, ALS Malaysia
alongside its subsidiary company, ALS Indonesia, are among the top laboratory testing providers in
the environmental, food, pharmaceutical as well tribology sectors in Malaysia and Indonesia. ALS Malaysia is also
recognised as Makmal Panel Halal Malaysia by the Department of Islamic Development Malaysia (“JAKIM”) and
received other recognitions from Kementerian Kesihatan Malaysia (Bahagian Keselamatan Makanan, Air), National
Institute of Occupational Safety and Health (NIOSH), BioNexus Partners (BNP) Status Laboratory by Bioeconomy
Development Corporation, Ministry of Environment and Water, National Pharmaceutical Regulatory Agency (NPRA)
and GMP Plus Registered Laboratory (GMP+) for mycotoxin, heavy metals and pesticides.

Good123

26,232 posts

Posted by Good123 > 2023-04-25 09:32 | Report Abuse

the Company will be continuously implementing necessary measures to grow its business amidst the
uncertain economic environment. The top measure is to remain thriving through its major business segments
which are Environmental Monitoring Consultancy & Services (EMCS) and lab testing services (LTS) in both
Malaysia and Indonesia.
In Malaysia, EMCS will continue to concentrate on promoting its water and industrial water treatment solutions,
venture into environmental training and equipment trading, and focus on environmental monitoring services for
strategic clients.
In Saudi Arabia, leveraging on its local status as No. 1 Integrated Pest Management (IPM) company received from
the Ministry of Municipal and Rural Affairs (MOMRA), the company will continue to prioritise IPM in both public and
private sector. This is a very significant mileage as it gives a strong advantage to the company to accelerate its
market presence and growth.
As for the lab testing services, the company will continue to stay resilient leading the market in Malaysia and
Indonesia in the areas of environmental testing, food safety and pharmaceutical testing by introducing new test
methods that are accepted by international standard bodies and improving turnaround time for delivery of
analysis reports to customers.
In parallel, the company will continue implementing various prudent measures in an effort to reduce the cost of
doing business and preserving cash flows. Among the initiatives currently implemented include improving the
project management effectiveness and efficiency to improve project delivery and cost, adopting and subscribing
a customer relationship management (CRM) system to integrate marketing and sales activities. and improve lead
management.

Good123

26,232 posts

Posted by Good123 > 2023-04-25 09:33 | Report Abuse

Major parts of the environmental monitoring consultancy and services are related directly and indirectly to the
provision of essential services such as domestic wastewater treatment, water and industrial wastewater treatment,
environmental impact assessment, environmental management plan such as wastewater treatment & solutions
and monitoring services for air, water and noise.
As the global economy is expected to remain challenging and uncertain, our environmental services have also
been impacted by this economic downturn as well as our presence in Saudi Arabia which forecast moderate
economic growth of 2.6% in 2023.
On the other hand, the impending revision of Water Service Industrial Act as well as the Environmental Quality
Act (EQA 1974) on the effluent standard for Palm Oil Mill Effluent may present further opportunities for us to grow our wastewater treatment business and to further promote our aims to be the one-stop solution centre for the
wastewater treatment industry offering both solutions for the domestic as well as the industrial segments.
In respect of our presence in Saudi Arabia, PICORP, through its subsidiary, Saudi ASMA will continue to provide
the public health management i.e. surveillance services for the government agencies namely the municipalities in
the area of integrated pest control through the operation and maintenance of the pest laboratory and monitoring
of the key performance indicators (KPIs) of the pest control operations, providing an integrated pest management
services for private sectors.
Saudi ASMA aims to work towards increasing the volume through the development of new products or services
such as pursuing pest control consulting and providing chemical free or new technology of pest control solutions
to private customers.
In addition, the recent collaboration between UEM Edgenta Berhad, South East Asia’s leading Asset Management
and Infrastructure Solutions company and a subsidiary of PICORP in Saudi in April 2021, had marked the increasing
opportunities to the Group in penetrating new markets as well as expanding the pest control services to other
municipalities and private companies within Saudi Arabia.
We will also continue to expand our presence in Brunei through a business collaboration with Progressive Impact
Technology (B) Sdn Bhd (“PITECH (B)”) to offer our services in respect of environmental services. To date, we
have signed a Memorandum of Agreement with PITECH (B)”) to provide the environmental services in the realm
of technical support, supply of manpower and equipment including the provision of site engineering services.
We believe the environmental industry that we operate in will remain challenging. In the long term, the economy
will grow as such demand for these essential services will remain strong. Utilising our network, experience,
know-how and technical capabilities, we are confident in securing more projects in these segments locally and
abroad in the future.

Good123

26,232 posts

Posted by Good123 > 2023-04-25 09:34 | Report Abuse






The laboratory testing services particularly in the food and pharmaceutical segment continue to generate significant revenue for the group post COVID-19 pandemic due to higher demand for laboratory testing. Development
in the regulatory landscape particularly in the Food Safety Act 1983, HALAL certification under JAKIM and their
Foreign Certification Bodies, DOE’S Quality Act 1947 (“EQA 1974”), DOE’s Guided Self-Regulation 2017 and many
others continue to be the key driver in the laboratory testing services business.
The Malaysian operations remain focused in existing businesses with continuous enhancement of its operational
efficiency through effective cost management, enhance market penetration by improving engagement with
clients, price competitiveness and turnaround time. In this regard, environment, food, pharmaceutical industrial
and tribology services shall continue to be the main focus for ALS Malaysia in leveraging its strong brand reputation.Apart from that, the Malaysian laboratory testing services also aim to expand its environmental hygiene monitoring
services by process and method optimisation through usage of ALS Compass, RAPID methods and onsite kits
for faster result. Moreover, the laboratory testing services aims to improve process digitisation as a competitive
edge over other local labs to enable better transparency and traceability.
Indonesia operations aim towards expanding its Food Safety Analysis business, particularly the microbiology
facility and a setup of the food chemistry laboratory in its headquarters in Sentul. Recovery of the Oil and Gas
and Mining sector leads to increased spending for environmental compliance. The new requirement for RATA
emission testing effective from 2019 creates new environmental testing business opportunities. However, the
nationalisation policy of Indonesia’s oil and gas industry may lead us to embark on different approach to grow our
business. Nevertheless, we believe that we can strive and secure new projects in this volatile industry.

Good123

26,232 posts

Posted by Good123 > 2023-04-25 09:35 | Report Abuse

PICORP has a dividend policy to pay a total net dividend pay-out of not less than 40% of its net PAT and
non-controlling interest.

Good123

26,232 posts

Posted by Good123 > 2023-04-25 10:35 | Report Abuse

Board Of Directors

DATUK ABDUL HAMID BIN SAWAL
Chairman, Senior Independent
Non-Executive Director
Male, Age 74, Malaysia

ZAID BIN ABDULLAH
Executive Deputy
Chairman
Male, Age 71, Malaysia

DATO’ DR. LUKMAN BIN IBRAHIM
Group Executive Director
Male, Age 57, Malaysia

ZAIDAH BINTI MOHD SALLEH
Non-Independent
Non-Executive Director
Female, Age 68, Malaysia

LEE WENG CHONG
Independent
Non-Executive Director
Male, Age 65, Singapore

DATO’ HAJJAH ROSNANI BINTI IBARAHIM
Independent
Non-Executive Director
Female, Age 69, Malaysia

KAMARUL BAHARIN BIN ALBAKRI
Independent
Non-Executive Director
Male, Age 60, Malaysia

USAMAH BIN ZAID
Alternate Director To
Zaid Bin Abdullah
Male, Age 39, Malaysia

FATIMAH ZAHRAH BINTI ZAID
Alternate Director To
Zaidah Binti Mohd Salleh
Female, Age 38, Malaysia

Good123

26,232 posts

Posted by Good123 > 2023-04-26 11:02 | Report Abuse

Shariah compliant, Ernst & Young as external auditor, 40% of net profit as dividend in dividend policy...ESG punya biz lagi

grab while others are busy with other stocks

Good123

26,232 posts

Posted by Good123 > 2023-04-26 11:58 | Report Abuse

Be calm!!!

1
2
3
4
5
6
Zaiyadal Sdn Bhd
Citigroup Nominees (Asing) Sdn Bhd
Exempt AN for Bank of Singapore Limited (Foreign)
Zaid bin Abdullah
Kal-Yadaiin Sdn Bhd
Zaidah binti Mohd Salleh
HLB Nominees (Tempatan) Sdn Bhd
44,875,100
8,769,400
-
-
-
-
800,000
112,000
110,300
6.847
1.338
-
-
-
-
0.122
0.017
0.016
304,370,422*
304,370,422*
-
-
176,000
-
-
-
-
301,228,622
54,004,900
44,875,100
28,813,078
7,063,400
6,079,600
46.442*
46.442*
-
-
0.027
-
-
-
-
45.963
8.240
6.847
4.396
1.078
0.928
Note:-
* Deemed interest by virtue of his/her interest in Zaid & Zaidah (L) Foundation and indirect interests in respect of the
shareholdings held by his/her children pursuant to the Companies Act 2016.
^ Based on the total number of issued shares in the Company excluding 2,628,900 ordinary shares bought back by
the Company and retained as treasury shares as at 22 March 2023.
As per the Register of Directors’ Shareholdings
DIRECTORS’ INTEREST IN SHARES
THIRTY LARGEST SHAREHOLDERS
7
8
9
10
11
12
13
14
15
16
Citigroup Nominees (Asing) Sdn Bhd
UBS AG
Nik Abdul Aziz bin Nik Sulaiman
Public Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Yue Guan Sheng (E-SS2/DJA)
Apex Securities Berhad
IVT PDR 201
Lee Hong Peng
Maybank Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Ooi Boon Chai
Zaiyadal Sdn Bhd
Khaw Tain Guan
HSBC Nominees (Asing) Sdn Bhd
J.P. Morgan Securities PLC
Affin Hwang Nominees (Tempatan) Sdn. Bhd.
Pledged Securities Account for Khoo Yik Chou (M01)
4,549,800
4,323,235
4,000,000
3,561,400
2,993,200
2,670,000
2,665,000
2,563,700
2,332,600
2,040,000
0.694
0.660
0.610
0.543
0.457
0.407
0.407
0.391
0.356
0.311

nicholas99

9,863 posts

Posted by nicholas99 > 2023-04-26 12:04 | Report Abuse

good123 stuck so long? just cut loss.

Good123

26,232 posts

Posted by Good123 > 2023-04-26 16:43 | Report Abuse

beli dan simpan.... stok berpotensi patut dikumpul untuk jangkamasa panjang

Good123

26,232 posts

Posted by Good123 > 2023-04-26 16:44 | Report Abuse

Picorp akan memecut bila2 masa... potensinya tak terbatas... lagipun, pasaran luar negara adalahh Indonesia dan arab saudi

Good123

26,232 posts

Posted by Good123 > 2023-04-26 16:45 | Report Abuse

apa yg dikatakan mereka yang tak faham, tak penting, kita sendiri mesti tahu.

Good123

26,232 posts

Posted by Good123 > 2023-04-26 16:47 | Report Abuse

ramalan 15-20sen, by year-end.... beli kini

Good123

26,232 posts

Posted by Good123 > 2023-04-26 16:56 | Report Abuse

Lepas raya, melambung, uptrend... Mau terbang dah, 9sen to 10sen kini walaupun overall market jatuh teruk hari ni...

Dah dijangka, picorp akan melambung selepas raya, just the beginning

Good123

26,232 posts

Posted by Good123 > 2023-04-26 16:57 | Report Abuse

Buy rate 86% kini

Good123

26,232 posts

Posted by Good123 > 2023-04-26 20:28 | Report Abuse

At PICORP, we are committed to achieving the highest standard of corporate governance and transparency.
We embrace the culture of doing the right thing where honesty, fairness, and responsibility are valued and
expected from all employees at all levels. Integrity and ethics are not only a matter of moral imperative but
also one that leads to a smart business. Supported by relevant framework and management policies, we
will be persistent with how we conduct ourselves; to ensure we continue to act in an ethical, transparent,
and accountable manner.

Good123

26,232 posts

Posted by Good123 > 2023-04-27 10:06 | Report Abuse

Balik julat 15-20sen otw

fregend

576 posts

Posted by fregend > 2023-04-27 10:32 | Report Abuse

Wow Picorp sudah bangun go go 0.12 boleh ka?

cicakman

7,581 posts

Posted by cicakman > 2023-04-27 11:49 | Report Abuse

I was here July 2022
Sept 2022 start moving untill February 2023 WITHOUT ANY GOOD NEWS .
It just a goreng.

Coming down in February 2023 and it is just ONLY 2 months ago.

It takes few years before before previous investors to escape alive.
* The vol and px movements currently does not indicates any good movements.
Very doubtful in very short times will consistently will move again like before.

cicakman

7,581 posts

Posted by cicakman > 2023-04-27 11:52 | Report Abuse

If you did monitor how they play up the previous vol..it unlikely can move up

cicakman

7,581 posts

Posted by cicakman > 2023-04-27 12:05 | Report Abuse

Lead by warak insiders but pure 100% goreng from 8.5 cts until high 34.5 cts.
Kesian those kantoi ikan bilis lor!

Good123

26,232 posts

Posted by Good123 > 2023-04-27 13:57 | Report Abuse

Buy rate 86%>>>>>

Hold your Breath..

Back to at least 15-20sen otw

cicakman

7,581 posts

Posted by cicakman > 2023-04-27 14:58 | Report Abuse

What date was that in early March directors sold approx 27 -28 cts?

Good123

26,232 posts

Posted by Good123 > 2023-04-28 08:40 | Report Abuse

Picorp will boom in tandem with saudi Arabia

The IMF said the high economic growth rate in Saudi Arabia will come amid challenges facing advanced economies and the global economy, and in light of the decrease in activity in Russia and China and a decline in US spending levels. It also raised its expectations for the growth of the Saudi economy during the next year 2023 slightly as well.
Saudi Arabia’s booming economy: Ho…
www.arabianbusiness.com/latest-news/saudi-arabias-economic-insights' target='_blank'>www.arabianbusiness.com/latest-news/saudi-arabias-economic-insights
www.arabianbusiness.com/latest-

Good123

26,232 posts

Posted by Good123 > 2023-04-28 08:44 | Report Abuse

Indonesia is booming too. Picorp is also already set up subsidiary in Indonesia... It would reap the reward


Indonesia’s nickel boom tests Western green sensibilities
www.economist.com/business/2023/04/13/indonesias-nickel-boom-tests-western...
Web13 Apr 2023 · It may have been just the start of Indonesia’s clean-energy IPO boom. On April 12th Harita Nickel, a firm that processes the battery metal, pulled off the country’s …

Good123

26,232 posts

Posted by Good123 > 2023-04-28 08:49 | Report Abuse

Revenue from Indonesia or saudi could be bigger than msia in years to come.

JAKARTA, INDONESIA (6 April 2022) — Indonesia’s economy is expected to grow by 5.0% in 2022 and 5.2% in 2023 as domestic demand continues to recover, according to a report by the Asian Development Bank (ADB) released today.

“The Indonesian economy briskly rebounded from the downturn in the third quarter and ended 2021 with output higher than in pre-pandemic 2019. Growth was broad-based and should strengthen in 2022 as economic activity continues to normalize,” said ADB Country Director for Indonesia Jiro Tominaga. “Private consumption and investment entered 2022 with a strong momentum, and the third COVID-19 wave should have minimal impact on growth. The Russian invasion of Ukraine, however, if prolonged, could significantly affect inflation and the fiscal balance.”

The Asian Development Outlook (ADO) 2022 says Indonesia’s consumer spending and manufacturing activity have been consistently rising due to the pickup in incomes, jobs, and confidence. Investment is benefiting from expanding demand, improvements in the investment and business climate, and a recovery in credit.

Good123

26,232 posts

Posted by Good123 > 2023-04-28 08:51 | Report Abuse

Those nampak picorp's potential would sapu its syer continuously, not many shares available at current price.... Few million rm dah boleh send its price above 20sen

Good123

26,232 posts

Posted by Good123 > 2023-04-28 08:53 | Report Abuse

Esg stocks or companies involve in esg biz will flourish etc

European fund managers set to go all in on ESG, survey says
27 Jun 2022 — The PwC survey of 3,354 respondents suggested ESG assets domiciled in Europe could grow to between

Good123

26,232 posts

Posted by Good123 > 2023-04-28 08:55 | Report Abuse

Local fund mgrs will play catch up, msia tends to be the laggard.... It will surge sooner or later

European fund managers set to go all in on ESG, survey says
27 Jun 2022 — The PwC survey of 3,354 respondents suggested ESG assets domiciled in Europe could grow

Good123

26,232 posts

Posted by Good123 > 2023-04-28 08:56 | Report Abuse

Second largest shareholder of picorp from spore with a sporean as independent director... Cool :)

Good123

26,232 posts

Posted by Good123 > 2023-04-28 08:57 | Report Abuse

Ernst & Young, external auditor plus dividend policy -40% of net profit diagihkan sebagai dividen... Transparent

Good123

26,232 posts

Posted by Good123 > 2023-04-28 08:58 | Report Abuse

Market focus - msia, saudi & Indonesia.... Sungguh targeted

Good123

26,232 posts

Posted by Good123 > 2023-04-28 09:00 | Report Abuse

Once msian mgrs start to add picorp in their investment portfolios/funds, fly nonstop

Good123

26,232 posts

Posted by Good123 > 2023-04-28 09:02 | Report Abuse

I think,picorp will have
Financial analyst bertauliah for coverage soon... Big 4 auditor dah ada, dividend policy 40% dah declared, spore aset mgmt co as second largest shareholder, subsi in Indonesia & saudi dah set up & etc

Good123

26,232 posts

Posted by Good123 > 2023-04-28 09:18 | Report Abuse

2020-2022- pandemik, now economy activities restarted, etc , more services required to o clean up n test the environment, pollution, lab test for foods, etc e.g. cancerous material in instant noodles, etc reported

Good123

26,232 posts

Posted by Good123 > 2023-04-28 09:20 | Report Abuse

Ensuring the environment is clean always, not polluted, etc to be monitored continuously

Food and Agriculture Organization
https://www.fao.org › locusts
Desert Locust situation update 4 April 2023
4 Apr 2023 — April–June: above-normal rains in Saudi Arabia, Yemen, Oman, Iran, Pakistan; below normal in northwest

Good123

26,232 posts

Posted by Good123 > 2023-04-28 09:30 | Report Abuse

Capital appreciation: 6-12months ~50% to 100%

> 1 years~ above 100%

Fingers crossed

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