Posted by Good123 > 2023-06-02 15:11 | Report Abuse

These hidden groups, buy-sell till 35sen, mow buy-sell till 8sen, then buy-sell up to 35sen again hahaha

Posted by cicakman > 2023-06-02 16:18 | Report Abuse

Kesian.

Posted by cicakman > 2023-06-02 16:23 | Report Abuse

Why buy very very high when know it is going to be very low.?
Lowest bottom coming.

Posted by Good123 > 2023-06-02 16:26 | Report Abuse

Selepas dapat syer Murah dengan banyak, pasti terbang

Posted by Good123 > 2023-06-02 16:27 | Report Abuse

Founders, haji Dan hajjah bersubahat bersama

Posted by Good123 > 2023-06-02 16:28 | Report Abuse

Permainan syer oleh haji Dan hajjah untuk hidup mewah di duniawi :)

Posted by Good123 > 2023-06-02 16:30 | Report Abuse

Sesiapa yg kerap peralatkan agama, lagi mau Wang:)

Posted by Good123 > 2023-06-02 16:31 | Report Abuse

Kini tunggu perintAH HAJI DAN HAJJAH KASI HARGA SYER NAIK HAHAHA

Posted by Good123 > 2023-06-02 16:37 | Report Abuse

Haji & hajjah, usah gila Wang, jaga kepentingan pemegang syer minoriti. Usah jual agama macam parti politik pas :)

Posted by Good123 > 2023-06-02 16:39 | Report Abuse

Usah Bodohkan retailers lagi

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Progressive Impact Corporation Berhad
Serving Allah, Respect For The People And Environment

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Board Of Directors

DATUK SYED HISHAM SYED WAZIR
Chairman, Independent
Non-Executive Director
Male, Age 69, 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

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
Management Team

HAMSIAH BINTI KHALID
Group Chief Financial Officer
USAMAH BIN ZAID
Chief Executive Officer
Alam Sekitar Malaysia Sdn. Bhd
DATO’ DR. LUKMAN BIN IBRAHIM
Group Executive Director
Progressive Impact Corporation Berhad
ABDULLAH OMAR
Chief Executive Officer
Saudi Asma Environmental
Solutions LLC
DR. CHIN TEEN TEEN
Chief Executive Officer
ALS Technichem
(M) Sdn. Bhd
& PT. ALS Indonesia

MALIZA BINTI MOHARI
Manager
Secretarial
NIK AZRAN IZHAR BIN NIK AHAMED
Manager
Facilities and Building Maintenance
ABD. RAZAK BIN MASIRUN
Manager II - Group IT Support
AZLI BIN MD ZIN
Group Senior Manager
Legal, Secretarial and Human Capital
AHMAD SHAHDAN BIN KASSIM
Senior General Manager
Research & Development
NADZRAH BINTI HASHIM
Senior General Manager
GED Office
AZIZAH BINTI SALLEH
Senior Manager
Finance
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×

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

Date of Appointment: 1 November 1990
Board Meeting Attendance in 2021: 8/8
Academic/Professional Qualification/Membership(s):

Bachelor of Economics (Accounting), University of Malaya
Advance Diploma in Accounting, University of Malaya
Member of Malaysian Institute of Accountants (MIA)
Member of Institute of Corporate Directors Malaysia

Experience:
The founder of PICORP Group of Companies
Group Executive Director of Shapadu Group of Companies (1982-1992)
Director of Finance in Shapadu Corporation (1978 – 1982)

Award and recognition:
Most Promising Entrepreneurship Award | APEA 2013

He is the spouse of Zaidah binti Mohd Salleh, father of Usamah bin Zaid and Fatimah Zahrah binti Zaid and a major shareholder of PICORP.
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Progressive Impact Corporation Berhad (PICORP) is a public listed company on the main board of the Bursa Malaysia. Progressive Impact Corporation Berhad (PICORP) Group is Malaysia's Environmental Solution Provider.

Suite 5.02, Mercu PICORP Lot 10, Jalan Astaka U8/84, Bukit Jelutong, 40150 Shah Alam, Selangor Darul Ehsan.
(+603 7845 7566)
support@picorp.com.my
Our Subsidiaries
Alam Sekitar Malaysia Sdn Bhd
Alam Sekitar Malaysia Sdn Bhd("ASMA")
ALS Technichem (Malaysia) Sdn Bhd
ALS Technichem (Malaysia) Sdn Bhd
ASMA Environmental Consultancy Sdn Bhd ASMA Environmental Consultancy Sdn Bhd
Alam Sekitar Eco-Technology Sdn Bhd
Alam Sekitar Eco-Technology Sdn Bhd
Saudi Asma Environmental Solutions LLC
Saudi Asma Environmental Solutions LLC ("Saudi Asma")
Related Companies
Progressive Impact Technology Sdn Bhd
Progressive Impact Technology Sdn Bhd ("PITECH")
Foxboro (Malaysia) Sdn Bhd
Foxboro (Malaysia) Sdn Bhd
Progressive Impact Corrosion Sdn Bhd
Progressive Impact Corrosion Sdn Bhd
IAM-Wonderware Sdn Bhd
IAM-Wonderware Sdn Bhd
Intelligent Aqua Sdn Bhd
Intelligent Aqua Sdn Bhd
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Posted by Good123 > 2023-06-02 16:41 | Report Abuse

Allah akan laknat korang :)

Posted by Good123 > 2023-06-02 16:41 | Report Abuse

https://www.picorp.com.my/about-corporate

Posted by Good123 > 2023-06-03 10:14 | Report Abuse

As two of our esteemed Board of Directors, Datuk Abdul Hamid bin Sawal and Mr. Lee Weng Chong, bid their farewells and enter a well-deserved retirement, PICORP would like to express our deepest gratitude for their exceptional leadership. Their unwavering commitment to guide the Group to remarkable heights will always be remembered. We wish both of them the best in their retirement and hope they enjoy a life filled with joy, good health, and cherished moments.

Posted by Good123 > 2023-06-03 10:51 | Report Abuse

Brent futures rose US$1.85, or 2.5%, to settle at US$76.13 a barrel, while US West Texas Intermediate (WTI) crude rose US$1.64, or 2.3%, to settle at US$71.74.

NEW YORK: Oil prices rose over 2% on Friday after the US Congress passed a debt ceiling deal that averted a government default in the world's biggest oil consumer and jobs data fueled hopes for a possible pause in Federal Reserve interest rate hikes.

The focus is now turning to a meeting of Opec and its allies this weekend.

Posted by Good123 > 2023-06-03 10:53 | Report Abuse

The Dow rose 701.19 points, or 2.12%, to 33,762.76, the S&P 500 gained 61.35 points, or 1.45%, to 4,282.37 and the Nasdaq added 139.78 points, or 1.07%, to 13,240.77. — Reuters

BENGALURU: US stocks closed higher on Friday after a labour market report showing moderating wage growth in May indicated the Federal Reserve may skip a rate hike in two weeks, while investors welcomed a Washington deal that avoided a catastrophic debt default.

The tech-heavy Nasdaq index surged to a 13-month intraday high and posted its sixth-straight week of gains that marked its best winning streak since January 2020.

Posted by Good123 > 2023-06-04 15:03 | Report Abuse

External factor also boosts share price next Friday


Washington, June 3, 2023 (AFP) - US President Joe Biden on Saturday signed into law a debt ceiling bill passed by Congress after weeks of wrangling, moving to avert a catastrophic, self-induced default in the world's biggest economy.

The Fiscal Responsibility Act of 2023 authorizes the government to extend the so-called debt ceiling to renew borrowing, keeping the bills paid. The Treasury had warned that if the debt ceiling was blocked beyond Monday, the country would default on its $31 trillion debt.

A default would have likely triggered market panic, huge job losses and a recession, with global implications.

In a statement Saturday, the White House thanked the Republican and Democratic leaders in Congress "for their partnership."

In a rare Oval Office address late Friday, Biden said that the debt ceiling bill saved the country from "economic collapse."

Speaking from behind the historic Resolute Desk on live primetime television, Biden said the deal resolving the standoff between Democrats and Republicans was a compromise where "no one got everything they wanted."

However, "we averted an economic crisis," he said.

Oval Office addresses have always been reserved by presidents for moments of unique national danger or importance.

Biden used the occasion to project a reassuring, calm tone. Sprinkling his speech with chuckles and smiles, he praised his opponents for negotiating in good faith and promised Americans that he had never felt more optimistic.

Biden said that Congress has now preserved "the full faith and credit of the United States."

But even with the House and Senate putting aside differences to finally rush through the agreement over the last week, the US economy's reputation took a hit.

Ratings agency Fitch said Friday that it is keeping the United States' "AAA" credit rating on negative watch, despite the deal.

The debt ceiling is usually an uncontroversial accounting maneuver approved yearly by Congress. It allows the government to keep borrowing money to pay for bills already incurred.

This year, hard-right Republicans dominating their party's narrow majority in the House of Representatives decided to use the must-pass vote as leverage for forcing Biden into accepting cuts to many Democratic spending priorities.

This triggered a test of political strength that threatened to end in chaos before the two sides agreed this week on raising the debt ceiling while freezing some budgetary spending in return – yet stopping well short of Republican demands for cuts.

Kevin McCarthy, the speaker of the Republican-led House, had touted the compromise bill as a big victory for conservatives, although he faced a backlash from hardliners on the right who said he made too many concessions.

But Biden, who is campaigning for re-election in 2024, sees the dramatic resolution to the crisis as a win, showcasing his negotiating powers and his pitch to be the moderate voice in an increasingly extreme political landscape.

He burnished those credentials in the speech by going out of his way to praise McCarthy, a politician long loyal to former president Donald Trump – the man Biden defeated in 2020 and who is seeking his own return in 2024.

"I want to commend Speaker McCarthy. You know, he and I, we and our teams, were able to get along, get things done," Biden said.

Posted by Good123 > 2023-06-05 08:04 | Report Abuse

China pun makin pulih, accumulate cheap solid share...rotational play by haji & hajjah:)

Chinese ports' container throughput up 4.8 pct in first four months of 2023 xhtxs.cn/IH2

Posted by Good123 > 2023-06-05 17:19 | Report Abuse

THE POWER OF BALANCING EMOTIONS IN INVESTING

Posted by Good123 > 2023-06-05 17:24 | Report Abuse

INDONESIA’S defence minister has proposed a peace plan for the war in Ukraine, calling for a demilitarised zone and a United Nations referendum in what he called disputed territory.

Prabowo Subianto called on defence and military officials from around the globe gathered at the Shangri-La Dialogue defence meeting in Singapore to issue a declaration calling for a cessation to hostilities.

He proposed a multi-point plan including a ceasefire “in place at present positions of both conflicting parties” and establishing a demilitarised zone by withdrawing 15km from each party’s forward position.

The demilitarised zone should be observed and monitored by a peacekeeping force deployed by the United Nations, he said, adding that a UN referendum should be held “to ascertain objectively the wishes of the majority of the inhabitants of the various disputed areas”.

“I propose that the Shangri-La dialogue find a mode of... voluntary declaration urging both Ukraine and Russia to immediately start negotiations for peace,” Prabowo said.

Indonesia’s proposal follows President Joko Widodo’s visit to Moscow and Kyiv, where he offered to play peace broker between their leaders and rekindle peace talks. He was also chairman of the G20 group of major economies at the time.

Speaking on the same panel, Josep Borrell Fontelles, high representative and vice-president of the European Union’s European Commission, noted that if military support for Ukraine stopped, the war would quickly end - but with that country’s sovereignty falling to outside aggression.

“We cannot stop supporting militarily Ukraine because we don’t want the peace which is ... the peace of the surrender. The peace of the stronger,” Borrell said.

Ukrainian President Volodymr Zelenskiy has proposed a 10-point peace plan, which calls on Russia to withdraw all its troops from Ukraine. Chief diplomatic adviser Ihor Zhovkva said Ukraine had no interest in a ceasefire that locks in Russian territorial gains.

- Reuters

Posted by TCH1186 > 2023-06-05 21:35 | Report Abuse

So now its religion related? What an ez life if straight jump to conclusion hahahah.. Btw every counter will spike anytime they want.. Too early to claim after blowing so many bubbles

Posted by pendekarbujang > 2023-06-06 10:09 | Report Abuse

next vsolar..accumulating phase.but this operator not so daring

Posted by pendekarbujang > 2023-06-06 10:09 | Report Abuse

next vsolar..accumulating phase.but this operator not so daring

Posted by Good123 > 2023-06-06 11:59 | Report Abuse

lelong price 8sen.... satu jual satu beli... nanti reversal of trend... grab cepat

Posted by Good123 > 2023-06-06 12:30 | Report Abuse

Patutlah dah tua... Bersara... tak macam mamakutty

:)


Save Print Back

7201 PICORP PROGRESSIVE IMPACT CORPORATION
Change in Audit Committee
Date of Change: 30/05/2023
Type of Change: Retirement
Designation: Others
Directorate: Ind & N/Exec
Name: LEE WENG CHONG
Age: 65
Country:
Nationality: Singapore
Qualifications:
Working Experience and Occupation:
Directorship of public companies (if any):
Family relationship with any director and/or major shareholder of the listed issuer:
Details of any interest in the securities of the listed issuer or its subsidiaries:
Composition of Audit Committee After Change:
Dato' Hajjah Rosnani Binti Ibarahim - Chairperson (Independent
Non-Executive Director)Zaidah Binti Mohd Salleh - Member (Non-Independent
Non-Executive Director)Kamarul Baharin Bin Albakri - Member (Independent
Non-Executive Director)
Remarks:
Mr Lee Weng Chong's retirement took effect upon the conclusion of the 31st
Annual General Meeting held on 30 May 2023.
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
Submitted By:

30/05/2023 07:00 AM


Ref Code: 202305305000829

Posted by Good123 > 2023-06-06 12:32 | Report Abuse

Terbaik dah tua, mengundurkan diri


Save Print Back

7201 PICORP PROGRESSIVE IMPACT CORPORATION
Change in Boardroom
Date of Change: 30/05/2023
Type of Change: Retirement
Designation: Chairman
Directorate: Ind & N/Exec
Name: ABDUL HAMID BIN SAWAL
Age: 74
Country:
Nationality: Malaysia
Qualifications:
Working Experience and Occupation:
Directorship of public companies (if any):
Family relationship with any director and/or major shareholder of the listed issuer:
Details of any interest in the securities of the listed issuer or its subsidiaries:
Remarks:
Datuk Abdul Hamid bin Sawal's retirement took effect upon the conclusion of
the 31st Annual General Meeting held on 30 May 2023.
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
Submitted By:

30/05/2023 07:00 AM


Ref Code: 202305303300818

Posted by Good123 > 2023-06-06 13:12 | Report Abuse

PRN in July... terbang balik Q4, 2023... believe & simpan, strategi mudah

Posted by Good123 > 2023-06-06 13:13 | Report Abuse

KUALA LUMPUR: Local institutional investors turned net buyers on Bursa Malaysia last week amounting to RM372.9 million, according to MIDF Research. In its weekly fund flow report, the firm said year to date, they had been net buyers of domestic equities for 16 out of 22 weeks, with a total net inflow of RM2.79 billion.

Posted by Good123 > 2023-06-06 14:55 | Report Abuse

Balik 15-20sen, cukup dah... tak perlu tunggu 35sen ...

Founder maybe exit, jualkan semua kpd konglomerat

Posted by Good123 > 2023-06-06 14:57 | Report Abuse

Jakel punya bos mungkin muncul Sebagai pemegang syer terbesar nanti macam cypark

Posted by Good123 > 2023-06-07 09:04 | Report Abuse

Baguslah jika picorp dimiliki konglomerat

Posted by Good123 > 2023-06-07 09:04 | Report Abuse

30% dah digelar associate company:)

Posted by Good123 > 2023-06-07 13:47 | Report Abuse

mau beli, cepat sedikit... bila naik, agak laju nanti :)

PGSV Historical Data
Time Frame:
Monthly
Download Data
06/07/2021 - 06/07/2023

Date

Price

Open

High

Low

Vol.

Change %
06/01/2023 0.080 0.085 0.085 0.075 4.53M -5.88%
05/01/2023 0.085 0.100 0.105 0.085 862.90K -15.00%
04/01/2023 0.100 0.095 0.110 0.090 3.30M +5.26%
03/01/2023 0.095 0.335 0.340 0.090 439.19M -71.64%
02/01/2023 0.335 0.280 0.350 0.270 349.99M +19.64%
01/01/2023 0.280 0.260 0.295 0.230 365.37M +7.69%
12/01/2022 0.260 0.200 0.260 0.200 369.10M +30.00%
11/01/2022 0.200 0.150 0.205 0.145 328.82M +37.93%
10/01/2022 0.145 0.085 0.150 0.080 106.46M +70.59%
09/01/2022 0.085 0.085 0.095 0.080 2.12M -5.56%
08/01/2022 0.090 0.085 0.100 0.080 3.36M +5.88%
07/01/2022 0.085 0.085 0.095 0.080 2.24M -10.53%
06/01/2022 0.095 0.095 0.105 0.085 3.95M 0.00%
05/01/2022 0.095 0.100 0.115 0.095 6.71M -9.52%
04/01/2022 0.105 0.095 0.110 0.095 7.80M +10.53%
03/01/2022 0.095 0.100 0.105 0.085 4.83M -5.00%
02/01/2022 0.100 0.105 0.120 0.095 10.09M 0.00%
01/01/2022 0.100 0.105 0.125 0.095 26.38M -4.76%
12/01/2021 0.105 0.095 0.105 0.090 7.21M +10.53%
11/01/2021 0.095 0.115 0.115 0.095 14.19M -17.39%
10/01/2021 0.115 0.125 0.130 0.115 27.71M -8.00%
09/01/2021 0.125 0.160 0.160 0.125 76.22M -19.35%
08/01/2021 0.155 0.155 0.175 0.150 105.52M 0.00%
07/01/2021 0.155 0.160 0.195 0.155 388.17M -3.12%
Highest: 0.350 Lowest: 0.075 Difference: 0.275 Average: 0.132 Change %: -50.000

Posted by Good123 > 2023-06-07 13:49 | Report Abuse

dah 71, very likely, jualkan semua kpd konglomerat

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

Date of Appointment: 1 November 1990
Board Meeting Attendance in 2021: 8/8
Academic/Professional Qualification/Membership(s):

Bachelor of Economics (Accounting), University of Malaya
Advance Diploma in Accounting, University of Malaya
Member of Malaysian Institute of Accountants (MIA)
Member of Institute of Corporate Directors Malaysia

Experience:
The founder of PICORP Group of Companies
Group Executive Director of Shapadu Group of Companies (1982-1992)
Director of Finance in Shapadu Corporation (1978 – 1982)

Award and recognition:
Most Promising Entrepreneurship Award | APEA 2013

He is the spouse of Zaidah binti Mohd Salleh, father of Usamah bin Zaid and Fatimah Zahrah binti Zaid and a major shareholder of PICORP.

Posted by Good123 > 2023-06-07 13:49 | Report Abuse

juga dah tua :)

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

Date of Appointment: 1 November 1990
Board Meeting Attendance in 2021: 8/8

Board Committees Membership(s):
Member of Audit Committee.

Academic/Professional Qualification/Membership(s):

University of Malaya with Bachelor of Economics (Accounting) (1977)
Advance Diploma in Accounting (1978)
Member of the Malaysian Institute of Accountants
Chartered Accountant, Malaysian Institute of Accountants
Member of Institute of Corporate Directors Malaysia

Experience:
Co-founder of PICORP Group of Companies
Company Secretary of PICORP Group of Companies
Group Executive Director, PICORP Group of Companies (2003-2009)
Group Financial Controller, PICORP Group of Companies (1993-2003)
Senior Accountant (Operations), Telekom Malaysia (1989-1993)
Regional Accountant, Regional Accounts Division, Telekom Malaysia (1984-1989)
Financial Controller (“G”) Jabatan Telekom (1981-1984)
Accountant, Jabatan Telekom (1978-1981)

She is the spouse of Zaid bin Abdullah, mother of Usamah bin Zaid and Fatimah Zahrah binti Zaid and a major shareholder of PICORP.

Posted by Good123 > 2023-06-07 13:50 | Report Abuse

terkini https://www.picorp.com.my/about-corporate

Posted by Good123 > 2023-06-07 13:52 | Report Abuse

Direct deal to date :)

History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
01/06/2021 00:00:00 0.2150 0.0250 500,000 500,000 107,500 107,500 0.2150 0.0760 -
30/08/2018 00:00:00 0.1300 - 100,000 100,000 13,000 13,000 0.1300 0.0152 -
30/03/2018 00:00:00 0.1500 0.0100 100,000 100,000 15,000 15,000 0.1500 0.0152 -


Summary from 06/01/2009 to 01/06/2021
Highest Price 0.4600 First Occurred on 21/01/2009
Lowest Price 0.1300 First Occurred on 12/06/2013
Highest Volume 10.000m First Occurred on 15/01/2009

Posted by Good123 > 2023-06-07 13:53 | Report Abuse

Serving Allah, Respect For The People And Environment

Posted by Good123 > 2023-06-07 14:54 | Report Abuse

stocks in China pun dah start rebound.... just a matter of time, sabar ya!

Posted by TCH1186 > 2023-06-07 21:54 | Report Abuse

This fella blow when price touch 11 and today closed at 8. Hope analysis. I believe many are trapped in this stock because of this guy who recycle news 10y back. Hahahaha. Told you guys dy if not close abv 11 dont jump now closed at 8. If break 8 SURE DIE. Hahahahaha

Posted by Good123 > 2023-06-08 09:21 | Report Abuse

enjoy in Q4 nanti :)


“Our earnings gap analysis shows that the FBM KLCI could reach 1,610 points by year-end, and 1,800 points by end-2024,” CGS-CIMB Research said.

PETALING JAYA: The Malaysian equity market is expected to stage a strong rally in the final three months of 2023, with the benchmark FBM KLCI potentially reaching 1,610 points by year-end, lifted by two re-rating catalysts.

It is, however, probably going to get worse for the market in the coming months before the expected rebound towards the fourth quarter of this year (4Q23), according to CGS-CIMB Research.

“We expect the poor market sentiment to continue for the next few months despite forward valuations falling to two standard deviations below the post-Global Financial Crisis mean,” the brokerage said.

“That said, moving closer to 4Q of 2023, we expect two significant re-rating catalysts to emerge, causing a potential structural shift in liquidity flows and domestic sentiment,” it wrote in its report yesterday.

These rerating catalysts, according to CGS-CIMB Research, included a weakening of the US dollar, with a convincing break down of the US Dollar Index (DXY) below the psychological 100 mark.

The second re-rating catalyst would be from further easing of political uncertainties in Malaysia after the six state elections, expected to be held by the end of August.

The brokerage said this would help pave the way for Prime Minister Datuk Seri Anwar Ibrahim’s administration to focus on medium-term economic plans and policy reforms.

“Our earnings gap analysis shows that the FBM KLCI could reach 1,610 points by year-end, and 1,800 points by end-2024,” CGS-CIMB Research said.

The research house noted that while there was room for potentially one more US dollar rally over the summer, it expected that to be the beginning of the end to the rising greenback trend.

CGS CIMB Research expects the DXY to break below 100 by 4Q23 and trade down to the 90 to 95 points range over 2024, driven by muted US economic growth, a slightly dovish US Federal Reserve and the absence of extraordinary monetary stimulus.

And contrary to some expectations, CGS-CIMB Research expects Malaysia’s national unity coalition to perform reasonably well in the upcoming six state elections, on the back of a robust domestic economy.

“The impact on liquidity flows into surplus countries such as Malaysia, where domestic growth is good and the currency undervalued, could be relatively strong,” it explained.

CGS-CIMB Research’s sector picks were mainly based on a robust domestic economy, which it believed would be best played through banks, and construction and materials.

Sectors such as real estate and real estate investment trusts, or REITS, could also be good domestic plays and reflationary beneficiaries in the event of a period of prolonged US dollar weakness, it added.

The brokerage was also positive on oil services and conglomerates, in particular, those offering good growth at a reasonable price. As for technology, it said expectations built into the sector still seemed high, while plantations and gloves lacked meaningful catalysts amid earnings pressures over the next few quarters.

“With the right triggers in place, upside to the FBM KLCI and FBM100 could be significant, in our opinion, underscored by their multi-year low valuations,” CGS-CIMB Research said.

Posted by Good123 > 2023-06-08 09:25 | Report Abuse

Giliran small cap pula:)

Closing Market Update: Small-Caps Rise Again

The Russell 2000 rose to a three-month high, but large-cap indexes were mixed as investors looked toward next week's Fed meeting.

Small-cap stocks had another strong day Wednesday, but the overall U.S. equity market was subdued as investors awaited monthly inflation data and a Federal Reserve policy meeting next week.

The small-cap focused Russell 2000 (RUT) rose to a three-month high, but smaller companies are still underperforming the broader market, with very few Russell 2000 stocks making new 52-week highs, according to a report from the Schwab Center for Financial Research.

Small-cap and cyclical stocks "have started to behave well," but they are still in the "guilty until proven innocent" camp, the report says. Small-cap stocks are generally thought to be more exposed to slowing economic conditions than their larger peers and have had an especially hard ride since the banking crisis raised concerns about lending conditions back in March.

The market and economy continue to demonstrate "persistent bifurcation," the report says, with bulls and bears finding evidence to support their views.

"On the economic front, bulls can support their outlook by pointing to a resilient services sector, monthly payroll gains, and a low unemployment rate," the report says. "Bears can point to the decline in manufacturing sentiment, slowing pace of retail sales growth, and a significant decline in leading economic indicators."

Meanwhile, the equities market has diverged between a small handful of strong-performing mega-cap companies, which have delivered most of the gains we've seen recently in the big benchmark indexes, and the lagging majority. Such concentration suggests a weakness below the headline numbers that could become a problem down the line.

Here is where the major benchmarks ended:

S&P 500® Index (SPX) was down 16.33 points (0.4%) at 4267.52;
Dow Jones Industrial Average (DJIA) was up 91.74 (0.3%) at 33,665.02;
Nasdaq Composite (COMPX) was down 171.52 (1.3%) at 13,104.90.
The 10-year Treasury note yield (TNX) was up about 9 basis points at 3.791%.
Cboe's Volatility Index (VIX) was down 0.04 at 13.92.

Smaller financial companies were in the spotlight again, with the KBW Regional Banking Index (KRX) continuing its rebound with a nearly 4% jump. Energy stocks were also strong as crude oil futures climbed more than 1%, and transportation companies also gained. Communication Services led decliners among S&P 500 sectors.

Stocks on the move

The following companies reported earnings over the past day or had news-driven stock price moves:

Broadcom (AVGO) had its "buy" rating reiterated by a Bank of America analyst, who cited the company as a "best-in-class" buying opportunity as demand for artificial intelligence accelerates. Broadcom shares rose about 0.4%.
Coinbase (COIN) rebounded a day after the Securities and Exchange Commission charged it with operating its platform as an unregistered national securities exchange, broker, and clearing agency. Its shares rose about 3%.

Dave & Buster's (PLAY) reported stronger-than-expected first-quarter results Tuesday, though revenue fell short of forecasts. Its shares rose more than 18%.

GameStop (GME) climbed ahead of the company's expected quarterly results, slated to be released after Wednesday's close. Analysts expect the company to report a loss of about 17 cents a share. Its shares were up nearly 6%.

Netflix (NFLX) shares spiked earlier Wednesday after a JPMorgan analyst raised his price target, saying the company's password sharing crackdown can drive revenue growth. However, the stock ended little changed.

Canada rate hike surprise

Investors are now settling in for the June 13–14 meeting of the Fed's policy-setting arm, which is generally expected to leave the benchmark lending rate unchanged.

"We expect the Fed to leave the door open to more rate hikes after the June meeting, but our base case is for a steady policy stance through the rest of the year," Schwab Chief Fixed Income Strategist Kathy Jones says. "Growth rates for both inflation and the economy are slowing, and the recent banking sector troubles combined with sluggish global growth continue to pose risks."

If any proof was needed that central banks can change course when least expected, the Bank of Canada provided the latest example when it raised its rate by another quarter point Wednesday after a long pause.

Posted by Good123 > 2023-06-08 09:43 | Report Abuse

NTA 8sen... ada goodwill... undervalued

Posted by Good123 > 2023-06-08 09:55 | Report Abuse

Anytime, buy sell back to 35sen again;)

Posted by TCH1186 > 2023-06-08 14:43 | Report Abuse

Gg alrdy break. Lets see what candle today. Same like paramon baby. Goodluck. Sure down more. Rip rip

Posted by Good123 > 2023-06-09 09:04 | Report Abuse

Haji will make you rich soon... he has a grand plan , just trust him :)

Posted by Good123 > 2023-06-09 09:20 | Report Abuse

Haji mau kayakan kamu sebelum mati. Just trust in him :)

Posted by Good123 > 2023-06-09 11:50 | Report Abuse

Bank Muamalat Malaysia Bhd chief economist and social finance head Dr Mohd Afzanizam Abdul Rashid said the United States (US) Initial Jobless Claims rose to 261,000 last week -- higher than the consensus estimates of 235,000, which led to the devaluation of the US dollar.

Posted by cicakman > 2023-06-09 12:11 | Report Abuse

Probability coming soon 6 -7 cts.
How low is low?

Posted by Good123 > 2023-06-09 15:45 | Report Abuse

bagus sekali :)

PROGRESSIVE IMPACT CORPORATION BERHAD
199001011782 (203352-V)
(Incorporated in Malaysia)

BOARD CHARTER
1. PURPOSE AND OBJECTIVES
1.1 The Board of Directors (“Board”) of Progressive Impact Corporation Berhad (“PICORP”
or “the Company”) recognises corporate governance as vital to the success of
PICORP’s and its subsidiaries’ businesses. The Board is the focal point of the Group’s
corporate governance system. It is accountable and responsible for the performance
and affairs of the Group.
1.2 The core value of the Company is “Serving Allah, Respect for the People and
Environment”. Based on this value, the Board’s fundamental approach is to ensure
good governance is practiced in all its business dealings with the stakeholders. With
this value, the Board upholds the highest degree of good corporate governance in
professionally discharging its fiduciary duties and responsibilities.
1.3 This Board Charter is designed to provide guidance and clarity for the Board and
Senior Management of the Company and its subsidiaries (“Group”) in their
stewardship of the Group.
1.4 In pursuit of the principles set out in this Board Charter, the Board shall commit to
employ the principles of integrity, transparency and professionalism to ensure that the
principles of good corporate governance are applied in all of the Group’s business
dealings in respect of its shareholders and relevant stakeholders and the shareholders’
investment and value and the interests of the stakeholders are safeguarded.

1.5 The guiding principles of this Board Charter include the following legislation and
regulatory requirements:
(a) Companies Act 2016 (“Act”)
(b) Constitution of PICORP
(c) Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities
Berhad (“Bursa Malaysia”)
(d) Malaysian Code of Corporate Governance (“MCCG”), and
(e) Any other applicable laws or regulatory requirements.
In the event of a conflict between the Constitution of the Company and the Board
Charter, the provisions of the former shall have precedence subject to compliance with
the legislation and regulatory requirements.

2. BOARD STRUCTURE AND COMPOSITION

2.1 The size of the Board shall be in accordance with the Constitution of the Company.
The Board shall, with the assistance of the Nomination Committee, examine its size
from time to time, with a view towards determining the impact of the number on the
Board’s effectiveness.

Posted by Good123 > 2023-06-09 15:45 | Report Abuse

2.2 The Constitution of PICORP provides for a minimum of two (2) Directors.
2.3 In accordance with the MMLR of Bursa Malaysia, at least two (2) Directors or one-third
of the Board, whichever is higher, are Independent Directors. If the number of Directors
is not three (3) or a multiple of three (3), then the number nearest to one-third must be
used.
2.4 In the event of any vacancy in the Board, resulting in non-compliance with paragraph
2.3 above, the Company must fill the vacancy within three (3) months.
2.5 The Board shall be chaired by an Independent Director who provides strong leadership
and stewards the Board’s priorities objectively. The roles of Chairman and the
Executive Directors shall be exercised by two (2) separate individuals to promote
better accountability and facilitate the division of responsibilities between them so that
no one individual can influence the Board’s discussions and decision-making.
2.6 The Chairman of the Board shall not be a member of the Audit Committee, Nomination
Committee or Remuneration Committee.

2.7 The Board shall consist of qualified individuals with diverse professional background,
skills, extensive experience and knowledge necessary to govern the Company and the
Group.
2.8 Appointment of Board member is based on objective criteria and merits, with due
regard given to the following:-
(a) skills, expertise, experience, age, cultural background and gender to achieve
boardroom diversity
(b) professionalism and track record
(c) ability to devote sufficient time commitment to serve the Board effectively
(d) contribution and performance
(e) character, integrity, ability to lead by example, competence and reputation
(f) ability to understand financial statements and form a view on the information
presented
(g) any conflict or potential conflict of interest, whether the candidate has a business,
family or other special relationship within or outside of the Company that could
affect the execution of his/her role as Director of the Company, and
(h) such other criteria as may be deemed fit by the NC.
2.9 The Nomination Committee is tasked by the Board to ensure the composition of the
Board is refreshed periodically to ensure its appropriateness vis-à-vis the needs of the
Company as well as the requirements set out in the relevant laws, regulations and
codes.
2.10 The Board shall endeavour to have at least 30% women directors.
2.11 No person shall be appointed, re-appointed, elected or re-elected as a Director on the
Board or continue to serve as a Director if the person is or becomes an active politician.
For this purpose, a person is considered an “active politician” if he/she is a Member of
Parliament, State Assemblyman or holds a position at the Supreme Council or division
level in a political party.