Posted by Good123 > 2023-07-13 10:39 | Report Abuse

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There is still water for everyone
STARPICKS
Friday, 30 Jun 2023 11:09 AM MYT


There's still water for everyone
By Jessie Lim

In conjunction with World Environment Day, we take a look at what Air Selangor has in the pipeline to achieve water resilience in the face of climate change challenges.
With El Nino unleashing its wrath, causing severe drought that is predicted to last for the next few years, many are left wondering if there is enough water to go around. The answer is a rippling yes!

By 2030, the projected water demand in Air Selangor’s distribution areas in Selangor, Kuala Lumpur and Putrajaya is expected to reach 6,910 million litres per day (MLD) while its production capacity will achieve 1.2x more, that is 8,400 MLD, so you can be assured that there is still water for everyone.



The largest water services provider in Malaysia has been proactively taking steps to ensure a resilient supply of clean water for over 9 million consumers, including forming a climate change taskforce to drive initiatives towards climate change adaptation, particularly for drought and flood events.

A strategic framework is in place to ensure there are water supply alternatives, operational readiness and water demand modifications, as well as environmental and water quality maintenance.

Air Selangor has also conducted dam profiling to prepare for the effects of climate change such as flood risk assessments to develop flood management strategies, hydrological analysis for inflows, outflows and water storage capacity, and structural integrity caused by changes in temperature.



The water services provider is also working closely with the Selangor government’s Raw Water Guarantee Scheme (SJAM) to provide and execute support in ensuring that a continuous supply of raw water will be channelled to water treatment plants in Kuala Lumpur, Selangor and Putrajaya in the event of raw water quality issues within the river.



Building water supply resilience through infrastructure
Air Selangor’s efforts in building water supply resilience remain steadfast to cater to the ever-growing water demand due to urbanisation and population growth while navigating challenges that cause raw water shortages like water pollution and climate change.

Last year, Air Selangor issued its third and fourth tranches of Sukuk Murabahah with net proceeds totalling RM1.3bil, of which RM1bil was issued under the Sustainable and Responsible Investment Sukuk Kelestarian Air Selangor (Sukuk Kelestarian). In April this year, another RM700mil was issued under its fifth tranche consisting fully of Sukuk Kelestarian.

As of September 2022, RM937.7mil of Sukuk Kelestarian has been allocated for eligible capital and operating expenditure:

a) Sustainable water management: RM308.3mil was allocated to maintain and improve production and distribution efficiency to minimise service disruptions, reduce water losses, lessen impact on the environment and improve water quality.

b) Sustainable water supply: RM629.4mil was utilised for projects, including the development of the new Rasau Water Supply Scheme Stage 1, and the maintenance of existing water treatment and distribution infrastructure.

Posted by Good123 > 2023-07-13 11:05 | Report Abuse

hah, sudden surge, ~5 juta syer dah disapu

Posted by Good123 > 2023-07-13 11:06 | Report Abuse

mau balik 35sen ka? 5mil shares disapu macam tiada hari esok

Posted by Good123 > 2023-07-13 11:07 | Report Abuse

perfect score kini, buy rate 100%

Posted by Good123 > 2023-07-13 12:53 | Report Abuse

Pengasas taik, buatlah sesuatu yg baik sebelum kamu mati macam dia, "Westports Founder, Chairman G. Gnanalingam Passes Away Aged 78
By Business Today Editorial -July 11, 2023"

Kamu juga dah 70++, anytime dah

Posted by Good123 > 2023-07-13 15:45 | Report Abuse

harga semasa 7.5sen, NTA 8sen, harga tertinggi tahun ni 35sen, Allah laknat pengasas dan keluarganya, sungguh tak bertanggungjawab, penunggang agama :)

Posted by Good123 > 2023-07-13 16:14 | Report Abuse

EY, external auditor's Picorp, juga Big 4... :)

Yes, there is evidence that being audited by one of the Big Four accounting firms can enhance share value. A study by researchers at the University of California, Berkeley, found that companies audited by the Big Four had higher stock prices than companies audited by other firms. The study also found that the positive effect of being audited by the Big Four was more pronounced for companies with higher levels of risk.

There are a few reasons why being audited by the Big Four can enhance share value. First, the Big Four are seen as being more independent and objective than other audit firms. This is because they are larger and have more resources, which makes them less likely to be influenced by their clients. Second, the Big Four have a long history of auditing companies, which gives them a deep understanding of the financial markets. This allows them to provide more accurate and reliable audit reports, which can boost investor confidence.

Of course, there is no guarantee that being audited by the Big Four will always enhance share value. However, the evidence suggests that it is a factor that can help to improve the perceived quality of a company's financial reporting, which can lead to higher stock prices.

Here are some of the benefits of being audited by a Big Four accounting firm:

Increased investor confidence: The Big Four are seen as being more independent and objective than other audit firms, which can give investors greater confidence in the financial statements of companies that they audit.
Improved financial reporting: The Big Four have a long history of auditing companies and have a deep understanding of the financial markets. This allows them to provide more accurate and reliable audit reports, which can help to improve the quality of a company's financial reporting.
Reduced risk of financial fraud: The Big Four have a strong track record of detecting financial fraud. This can help to reduce the risk of financial fraud at companies that they audit.
Increased marketability: Being audited by a Big Four accounting firm can make a company more marketable to investors and potential acquirers.
Of course, there are also some potential drawbacks to being audited by a Big Four accounting firm. These include:

Increased audit fees: The audit fees charged by the Big Four are typically higher than the fees charged by other audit firms.

Posted by Good123 > 2023-07-13 16:29 | Report Abuse

Mau berulang ka?

KUALA LUMPUR: Shares in Progressive Impact Corp Bhd (PICorp), which were actively traded in early trade Tuesday, jumped to its highest in over three years.

The counter surged 42.86%, or six sen to 20 sen, its highest since March 2018. It is currently the most active counter on Bursa Malaysia with over 200 million shares done.

Posted by Good123 > 2023-07-13 21:48 | Report Abuse

Tak payah bagi dividend, ada Dana, tolong buat share buyback, unta2 picorp :)

PICorp has proposed a single tier final dividend of 30 sen per share for the financial year ended Dec 31, 2020, subject to the shareholders' approval at the forthcoming 29th annual general meeting.

Posted by Good123 > 2023-07-13 23:16 | Report Abuse

Assets invested under the “dynamic” component are targeted to achieve higher returns than the rest of its portfolio, which would be invested in “resilient” assets that have a long-term value orientation.

Posted by Good123 > 2023-07-14 08:44 | Report Abuse

Bagus sekali, tolong bagi nasihat kpd pengasas, haji taik supaya jangan menjadi munafik menunggang agama :)


The new line-up consists of Professor Dr Aznan Hasan, Professor Dr Engku Rabiah Adawiah Engku Ali, Professor Dr Ashraf Md Hashim, Professor Datuk Dr Asmadi Mohamed Naim, Associate Professor Dr Mohamed Fairooz Abdul Khir, Dr Anhar Opir, Dr Marjan Muhammad, Assistant Professor Dr Akhtarzaite Abdul Aziz and Burhanuddin Lukman.

In a statement, SC chairman Datuk Seri Dr Awang Adek Hussin said the SAC plays a key role in ensuring the Islamic capital market (ICM) stays abreast of the latest developments in the industry, while supporting and facilitating efforts to reinforce Malaysia's position as a leader in this space.

"At the SC, we continue to integrate innovations and sustainability into Shariah knowledge and practices to solidify Malaysia's competitiveness as a prominent global ICM thought leadership hub.

"We thank past members for their dedication in advancing the development of Malaysian ICM and look forward to the contributions of the new line-up towards advancing our Islamic finance aspirations," he added.

Established on May 16, 1996 under the Securities Commission Malaysia Act 1993, the SAC is the authority to decide the application of Shariah principles for ICM business or transactions.

Additionally, its mandate includes ensuring the implementation of ICM complies with Shariah principles.

The SAC comprises prominent Shariah scholars, academicians and market practitioners with vast knowledge and experience in Shariah, capital markets, finance and law.

Posted by Good123 > 2023-07-14 08:50 | Report Abuse

Tolong berusaha dengan gigih, usah menunggang agama macam PAS, sekian!

Tuesday, 30 May 2023
7:13PM
PICORP 1Q net profit 0.397 million

Posted by Good123 > 2023-07-14 08:52 | Report Abuse

anak2 pengasas memang tak berguna. :)

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 > 2023-07-14 08:53 | Report Abuse

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 -
21/07/2017 00:00:00 0.1600 - 234,650 469,300 37,544 75,088 0.1600 0.0357 -
21/07/2017 00:00:00 0.1600 - 234,650 469,300 37,544 75,088 0.1600 0.0357 -
16/11/2015 00:00:00 0.2000 - 1.800m 1.800m 360,000 360,000 0.2000 0.2736 -
29/10/2015 00:00:00 0.2000 - 4.950m 4.950m 990,000 990,000 0.2000 0.7523 -
25/08/2015 00:00:00 0.2100 0.0150 1.000m 1.000m 210,000 210,000 0.2100 0.1520 -
05/05/2014 00:00:00 0.3000 0.0400 1.200m 1.200m 360,000 360,000 0.3000 0.1824 -
17/04/2014 00:00:00 0.2850 0.0300 100,000 100,000 28,500 28,500 0.2850 0.0152 -
14/04/2014 00:00:00 0.2800 - 72,600 72,600 20,328 20,328 0.2800 0.0110 -
29/11/2013 00:00:00 0.1800 - 4.000m 4.300m 720,000 774,000 0.1800 0.6079

Posted by Good123 > 2023-07-14 09:08 | Report Abuse

Closing Market Update: Stocks Up Again on PPI

More encouraging news on inflation boosted U.S. stocks for a fourth consecutive session Thursday, with the S&P 500® Index (SPX) and Nasdaq Composite (COMP) posting fresh 15-month highs, as investors grew increasingly confident the Federal Reserve might soon close the book on its historically steep rate-hiking cycle of the past 16 months.

Early Thursday, the Labor Department said both the overall and core Producer Price Indexes (PPI) rose just 0.1% in June from May. (The core rate excludes volatile food and energy prices.) Analysts had expected readings closer to 0.2%. The encouraging reading on wholesale prices came a day after the department said the both the overall and core Consumer Price Indexes (CPI) rose 0.2% in June.

While the slowdown in price gains probably isn't enough to ward off another interest rate increase when the Fed's rate-setting body convenes later this month, the market is still looking forward to the end of a campaign that has taken rates from 0% to more than 5% in just over a year. Investors are now likely to turn their attention to earnings, as major banks JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) are expected to report results Friday.

Schwab Chief Fixed Income Strategist Kathy Jones says the PPI report confirmed "disinflation and deflation at the wholesale level."

In terms of Fed policy, "there's no big change on the horizon—yet," Kathy adds. "The Fed is seeing what it has been hoping for: a decline in inflation. But the Fed likely will raise rates again at its July 25–26 policy meeting just to be sure inflation is truly on the run."

Here is where the major benchmarks ended:

S&P 500 Index was up 37.88 points (0.9%) at 4,510.04;
Dow Jones Industrial Average (DJIA) was up 47.71 points (0.1%) at 34,395.14;
Nasdaq Composite was up 219.61 points (1.6%) at 14,138.57.

The 10-year Treasury note yield (TNX) was down about 10 basis points at 3.763%.
Cboe's Volatility Index (VIX) was up 0.04 at 13.58.

Technology shares were among the strongest performers Thursday, with the Nasdaq-100 Index (NDX) and Philadelphia Semiconductor Index (SOX) both climbing roughly 2% to 18-month highs.

Communication Services and regional banks were also strong. Oilfield services stocks gained on an extended rally in crude oil futures, which pushed above $77 a barrel near a three-month high. The U.S. dollar sank to its weakest point against the euro since February 2022 on expectations U.S. interest rates may have peaked.

Stocks on the move

The following companies had stock price moves driven by quarterly earnings, analyst ratings or other news:

Alphabet (GOOGL) shares rose about 4.7% after the parent company of Google launched its large-language model, Bard AI, in Brazil and the European Union.

Amazon (AMZN) shares rose 2.8% after the company said its Prime Day was the "single largest sales day in company history," with online sales surging to $12.7 billion.

Carvana (CVNA) shares fell 1.7% after JPMorgan downgraded the stock to "underweight" from "neutral" because the stock had "disconnected materially from fundamentals." Carvana has soared about 700% this year.

Delta Air Lines (DAL) fell about 0.3% despite an initial surge after the airline operator reported its highest-ever quarterly earnings and revenue and raised its 2023 earnings forecast. Delta posted adjusted earnings per share of $2.68 cents, more than the $2.40 expected by analysts polled by Refinitiv. It gained adjusted revenue of $14.61 billion, greater than the $14.49 billion consensus estimate.

Disney (DIS) shares rose about 0.4% after the company said it would extend CEO Bob Iger's deal by two years. Bank of America reiterated its "buy" rating after the news.

PepsiCo (PEP) shares rose about 2.6% after the company early Thursday repo…

Posted by Good123 > 2023-07-14 11:17 | Report Abuse

International Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR: Digital and green economy and stronger integration of Malaysia’s small and medium enterprises (SMEs) into the global supply chain are among the key topics to be discussed at the 7th Commission Meeting of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

According to the Ministry of Investment, Trade and Industry (MITI), the meeting will be held from July 15-16 July 2023 in Auckland, New Zealand, and the Malaysian delegation will be led by MITI Minister Tengku Datuk Seri Zafrul Abdul Aziz.

"Apart from the digital economy and green economy, MITI wants to ensure that the benefits from the CPTPP will trickle down to the Malaysian people and businesses, particularly the SMEs who must be better integrated into the global supply chain," he said in a statement today.

The meeting is also expected to see the addition of the United Kingdom as the 12th member of the pact, joining Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

During the meeting in New Zealand, the CPTPP ministers will continue their engagement to ensure the effective implementation of the CPTPP that was signed on March 8, 2018, in Santiago, Chile.

As the chair of the CPTPP for 2023, New Zealand is expected to drive the discussion on CPTPP priority areas of focus, notably advancing green economy and enhancing digital economy facilitation, including customs administration and processes.

Tengku Zafrul is also scheduled to have bilateral engagement with counterparts from New Zealand, Canada and Japan to discuss trade and investment matters of mutual interest. - Bernama

Posted by Good123 > 2023-07-14 11:18 | Report Abuse

KUALA LUMPUR, July 14 -- The ringgit continued to strengthen against the US dollar at the opening today, following the decline in the United States' (US) producer price index (PPI) in June, said an analyst.

At 9 am, the local note rose to 4.5425/5480 against the greenback from 4.5800/5845 at Thursday's close.

The US PPI came in lower than expected at 0.1 per cent year-on-year (y-o-y) in June 2023 against consensus estimates of 0.4 per cent, while core PPI was at 2.4 per cent in June versus consensus estimates of 2.6 per cent.

Bank Muamalat Malaysia Bhd chief economist and social finance head Dr Mohd Afzanizam Abdul Rashid said the US dollar remained in a bearish mode with the US dollar index (DXY) hovering below 100 points.

"At the same time, China's exports fell more than expected to -12.4 per cent y-o-y against the expectation of -9.5 per cent and imports dropped to -6.8 per cent compared with consensus estimates of -4.0 per cent," he told Bernama.

Against such a backdrop, he expects the ringgit to extend its rally as the US Federal Reserve might soften its tone, given the emerging disinflationary trend along with rising concerns over global growth prospects.

"The immediate support level is currently at RM4.5491. Should the USD/MYR breach such level, the next support level is located at RM4.4872," he noted.

Meanwhile, the ringgit was traded higher against a basket of major currencies.

It rose against the Japanese yen to 3.2998/3040 from 3.3069/3103 at Thursday's close and appreciated vis-a-vis the euro to 5.0976/1038 from 5.1168/1218 yesterday and gained against the British pound to 5.9593/5.9665 from 5.9861/9919 previously.

The local note was also traded higher against other Asean currencies.

The ringgit went up versus the Singapore dollar to 3.4374/4421 from Thursday's close of 3.4553/4590 and firmed against the Indonesian rupiah to 303.4/304.0 from 305.9/306.4 previously.

It had also appreciated against the Thai baht to 13.1362/1578 from 13.2481/2673 yesterday and climbed against the Philippines' peso to 8.34/8.36 from 8.40/8.41 previously.

-- BERNAMA



TAGS: Ringgit, US dollar, US PPI, Mohd Afzanizam Abdul Rashid

Posted by Good123 > 2023-07-14 11:19 | Report Abuse

KUALA LUMPUR: Asian assets, especially in the emerging markets, are expected to be on demand in the second half of this year (2H 2023) amid the weaker US dollar and the anticipation of recession in the United States (US), said Standard Chartered.

Global chief investment officer Steve Brice said uncertainties in the global market would push investors to lean towards assets in Asia given its cheaper valuation, versus the expensive markets in the US and Europe, and likely to deliver high yield in the region of 6.6 per cent.

He projected the US 10-year government bond yield to fall to between 3.0 and 3.25 per cent over a 12-month horizon and recession might hit the country in the first quarter of next year.

This will lead to the US Federal Reserve cutting interest rates, thus influencing the US dollar to weaken which might gradually extend for a six- to 12-month period, he said, citing that the currency has been overvalued on a multi-year of rise.

"Historically, when the US dollar weakens, investments do better almost across the board. Same goes to equities, bonds and gold.

"If the US dollar does weaken, then that should be a tailwind for Asian assets,” he told a press conference on the Global Market Outlook and Standard Chartered’s Signature CIO Funds here today.

Steve reckoned that the US dollar depreciation last night could be its breaking point of weakening momentum, and this would significantly help ease the pressure on ringgit, certainly for a longer-term but maybe even for the shorter-term.

"Certainly, I wouldn’t be looking at ringgit weakness on a three to 12-month horizon,” he said.

The US Dollar Index broke below the 101.89 mark last night.

Steve also expects assets diversification to trump a concentrated approach in 2H 2023, advising core allocations to gold, liquid alternatives or private assets, asset classes that have historically played the role of portfolio diversifier.

"We have seen some weakness coming through in the market, if we look at the fundamental and economic perspective, the market looks undervalued at about 16 per cent discount of average valuation.

"From that perspective, it looks like a reasonably attractive market. (Malaysia) is part of Asia, excluding Japan, which is one of our preferred regions globally,” he said when asked on Malaysia’s equity market.

Bursa Malaysia closed mixed today, dragged down by late selling in selected heavyweights, led by healthcare and consumer products and services counters.

The local benchmark index ended at an intra-day low despite positive sentiment from regional bourses.

At 5 pm, the FTSE Bursa Malaysia KLCI slipped 1.83 points, or 0.13 per cent, to 1,396.23 from 1,398.06 at Wednesday’s close. - Bernama

Posted by Good123 > 2023-07-14 12:14 | Report Abuse

KUALA LUMPUR: A properly executed Government Linked Companies (GLCs) reform, or GLC Transformation 2.0, could be the most tangible opportunity for Malaysia to reinvigorate the country's economy, according to Maybank Investment Bank.

GLCs make up more than a third of the equity market and even more of the broader economy.

Maybank IB said a GLC Transformation) programme launched in 2004, introducing initiatives such as key performance indicators and board-composition reform to improve accountability and performance, led to greater scale, but not improved efficiency or shareholder returns.

It is therefore advocating a second and more aggressive transformation programme that focuses on the matching of capable, performance-linked and empowered management teams with these asset-rich but efficiency-lacking entities.

Government-linked investment companies (GLICs) such as Employee Provident Fund (EPF), Permodalan Nasional Bhd (PNB), Khazanah and The Retirement Fund Inc (KWAP) dominate the shareholder lists of these GLCs, while state oil & gas corporation Petronas, which is wholly-owned by the government, holds majority stakes in its listed downstream operations.

The research unit said GLCs are asset-rich and dominant in key economic sectors, but have broadly underperformed their non-GLC, privately-controlled sector peers based on efficiency and profitability metrics for decades.

"Given GLCs collectively account for more than a third of KLCI market capitalisation, their poor operating performance has been a key drag on overall equity market performance," Maybank IB said.

"Such GLC dominance effectively crowds out private capital, which is ceteris paribus, accepted as being more efficient, competitive and value-generative for the broad economy. In parallel, GLICs are a reliable share price support, displacing more hardnosed private sector investors and distorting capital-market signaling that is essential to optimizing capital allocation and value-creation discipline," it added.

It said should GLICs such as Khazanah and PNB begin to restructure their mostly-listed domestic investments in earnest, this would be a major catalyst for the KLCI, especially if peer funds like EPF and KWAP also follow suit and become more "activist" with regards stewardship of their investee companies, Maybank IB said.

"There would be significant value-creation potential from disposal of assets, many of which currently incur a 'GLC discount' that weigh on GLIC (government linked investment company) returns, especially if these assets come under new, private sector management.

Maybank IB said at the same time, the decline in GLIC influence on the equity market (as they steadily reallocate more of their asset under management offshore, as EPF has already done) would improve market free-float and allow for more optimal price discovery," it added.

Posted by Good123 > 2023-07-14 12:14 | Report Abuse

KUALA LUMPUR: A properly executed Government Linked Companies (GLCs) reform, or GLC Transformation 2.0, could be the most tangible opportunity for Malaysia to reinvigorate the country's economy, according to Maybank Investment Bank.

GLCs make up more than a third of the equity market and even more of the broader economy.

Maybank IB said a GLC Transformation) programme launched in 2004, introducing initiatives such as key performance indicators and board-composition reform to improve accountability and performance, led to greater scale, but not improved efficiency or shareholder returns.

It is therefore advocating a second and more aggressive transformation programme that focuses on the matching of capable, performance-linked and empowered management teams with these asset-rich but efficiency-lacking entities.

Government-linked investment companies (GLICs) such as Employee Provident Fund (EPF), Permodalan Nasional Bhd (PNB), Khazanah and The Retirement Fund Inc (KWAP) dominate the shareholder lists of these GLCs, while state oil & gas corporation Petronas, which is wholly-owned by the government, holds majority stakes in its listed downstream operations.

The research unit said GLCs are asset-rich and dominant in key economic sectors, but have broadly underperformed their non-GLC, privately-controlled sector peers based on efficiency and profitability metrics for decades.

"Given GLCs collectively account for more than a third of KLCI market capitalisation, their poor operating performance has been a key drag on overall equity market performance," Maybank IB said.

"Such GLC dominance effectively crowds out private capital, which is ceteris paribus, accepted as being more efficient, competitive and value-generative for the broad economy. In parallel, GLICs are a reliable share price support, displacing more hardnosed private sector investors and distorting capital-market signaling that is essential to optimizing capital allocation and value-creation discipline," it added.

It said should GLICs such as Khazanah and PNB begin to restructure their mostly-listed domestic investments in earnest, this would be a major catalyst for the KLCI, especially if peer funds like EPF and KWAP also follow suit and become more "activist" with regards stewardship of their investee companies, Maybank IB said.

"There would be significant value-creation potential from disposal of assets, many of which currently incur a 'GLC discount' that weigh on GLIC (government linked investment company) returns, especially if these assets come under new, private sector management.

Maybank IB said at the same time, the decline in GLIC influence on the equity market (as they steadily reallocate more of their asset under management offshore, as EPF has already done) would improve market free-float and allow for more optimal price discovery," it added.

Posted by Good123 > 2023-07-14 12:15 | Report Abuse

Brent crude futures rose US$1.25, or 1.6%, to settle at US$81.36 per barrel, while the US West Texas Intermediate crude futures rose US$1.14, or 1.5%, to US$76.89.

NEW YORK: Oil prices rose over 1% on Thursday to their highest in nearly three months after US inflation data suggested interest rates in the world's biggest economy were close to their peak.

Brent crude futures rose US$1.25, or 1.6%, to settle at US$81.36 per barrel. The session peak was US$81.57, the highest since April 25.

US West Texas Intermediate crude futures rose US$1.14, or 1.5%, to US$76.89. The session high was US$77.13, the strongest since April 26.

Data on Wednesday showed US consumer prices rose modestly in June and registered their smallest annual increase in more than two years as inflation continued to subside.

The data caused the US dollar index to drop to the lowest since April 2022, which helped to boost oil prices, said John Kilduff, partner at Again Capital LLC in New York.

A weaker dollar makes crude cheaper for holders of other currencies.

"We've had very low inflation numbers today," said Phil Flynn, an analyst at Price Futures Group. Fears that the Federal Reserve was going to raise interest rates had posed a headwind to oil, he said.

Markets expect just one more rate rise. Higher rates can slow economic growth and reduce oil demand.

Oil prices have rallied by over 11% in two weeks, primarily in response to supply cuts from top producers Saudi Arabia and Russia, said Craig Erlam, senior market analyst at OANDA.

The futures contract structure of the global benchmark Brent indicates the market is tightening and that Opec could be succeeding in its mission to support the market.

The premium of a front-month Brent contract to a six-month February 2024 contract rose to US$2.64 a barrel on Wednesday. At the end of June, the front-month contract was at a discount to the six-month contract.

A report by the International Energy Agency (IEA) on Thursday predicted oil demand would hit a record high this year, though broader economic headwinds and interest rate hikes meant the increase would be slightly less than previously anticipated.

An Opec report also published on Thursday maintained an upbeat world oil demand outlook despite economic weakness. It raised its growth forecast for 2023 and predicted only a slight slowdown in 2024, with China and India expected to keep driving the expansion in fuel use.

In China, however, momentum in the post-pandemic recovery slowed, with exports contracting last month at their fastest pace since the onset of the pandemic three years ago, the country's Customs Bureau showed. — Reuters

Posted by Good123 > 2023-07-14 14:09 | Report Abuse

Environment again:)

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NEWS
PM meets Musk, voices commitment to achieve net-zero emissions
Published: Jul 14, 2023 12:50 PM
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Updated: 1:31 PM
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Prime Minister Anwar Ibrahim today held a virtual meeting with Elon Musk, the executive chief officer of electric car giant Tesla.

Also present during the meeting were Investment, Trade, and Industry Minister Tengku Zafrul Abdul Aziz and Communications and Digital Minister Fahmi Fadzil.

"I welcome the interest and decision by...

Posted by Good123 > 2023-07-14 14:10 | Report Abuse

Environmental study requirements

The Kuala Lumpur-Singapore high speed rail project is being revived. This project is estimated to be worth 110 billion ringgit, and aimed to reduce travel time between Singapore and KL to around 90 minutes. Does it make sense to bring it back to life? We ask Dr Ahmad Farhan Mohd Sadullah, Professor of Transport Engineering, Universiti Sains Malaysia whether he thinks this mega-project is commercially viable.

Posted by Good123 > 2023-07-14 14:24 | Report Abuse

If picorp dapat environmental study job for HSR between KL & Singapore, naik sampai RM1 pun boleh jadi :)

Posted by Good123 > 2023-07-14 14:28 | Report Abuse

Picorp huatlah jika dapat job ni :)


High speed rail need environmental study like high speed rail between Kuala lumpur and Singapore
View other drafts

















Yes, high-speed rail projects typically require an environmental impact assessment (EIA) to be conducted before construction can begin. This is to identify and assess the potential environmental impacts of the project, and to develop mitigation measures to minimize these impacts.

The EIA for the Kuala Lumpur-Singapore HSR project was conducted by MyHSR Corporation, the Malaysian company responsible for the project. The report identified a number of potential environmental impacts, including:

Air pollution: The construction and operation of the HSR could increase air pollution levels in the project area, due to the use of construction vehicles and the emission of pollutants from the trains.
Water pollution: The construction of the HSR could also lead to water pollution, due to the disturbance of soil and the potential for spills of construction materials.
Noise pollution: The operation of the HSR could also lead to noise pollution, due to the noise from the trains.
Soil erosion and sedimentation: The construction of the HSR could also lead to soil erosion and sedimentation, due to the disturbance of soil and the clearing of vegetation.
Impact on wildlife: The construction of the HSR could also impact wildlife, due to the loss of habitat and the disturbance of wildlife.
The EIA report also identified a number of mitigation measures that could be implemented to minimize these impacts, such as:

Using low-emission construction vehicles
Installing noise barriers near the tracks
Replanting vegetation in areas where it has been cleared
Creating wildlife corridors to allow animals to move safely between habitats
The EIA report concluded that the Kuala Lumpur-Singapore HSR project would have a number of environmental impacts, but that these impacts could be minimized through the implementation of mitigation measures. The report also concluded that the long-term benefits of the project, such as reduced carbon emissions and improved connectivity, outweighed the potential environmental costs.

Posted by Good123 > 2023-07-14 15:18 | Report Abuse

TOKYO: Asian stocks rose for a fifth straight day on Friday, on course for their best week this year, as cooling U.S. inflation stoked speculation that the Federal Reserve could pause rate hikes after this month.

The dollar sank to a fresh 15-month low against major peers and U.S. Treasury yields languished near multi-week lows following the sharpest weekly drop in four months.

Gold was poised for its best week in three months as the dollar floundered, while crude oil rose to the highest in nearly three months.

While money market traders still see a quarter point bump to the Fed funds rate on July 26 as close to a sure thing, they have reduced the chances of another this year to just 1-in-5.

Data on Thursday showed the smallest increase in U.S. factory gate prices in nearly three years, reinforcing the milder inflation outlook after a report the previous day showing the slowest pace for consumer price growth in more than two years.

"What it means is we've got the Fed with its chest pretty much crossing the finish line at the end of the most aggressive tightening cycle in four decades, so it does warrant the rapid repricing that we've seen in many of these asset classes," said Tony Sycamore, a market analyst at IG in Sydney.

"The equity market absolutely took off, and the dollar is under intense pressure."

MSCI's broadest index of Asia-Pacific shares outside Japan rallied 0.86% on Friday to put it on track for a 5.6% weekly advance, the biggest in eight months.

South Korea's Kospi and Taiwan's benchmark each jumped about 1.2%, while Australian shares gained 0.85%.

Hong Kong's Hang Seng added 0.25% and mainland Chinese blue chips rose 0.17%.

Japan's Nikkei was last up 0.19% in a rollercoaster session as the index struggles to find its feet following its retreat from a 33-year peak reached at the start of this month.

U.S. E-mini equity futures also pointed to a slightly lower restart for the S&P 500, after the index rallied 0.85% overnight.

U.K. FTSE futures slipped 0.24% and German DAX futures edged 0.12% lower.

Meanwhile, the U.S. dollar index - which measures the currency against six major peers - declined as much as 0.17% to touch 99.574 for the first time since April of last year.

"The dollar index can probably trade down toward 98 over the coming weeks without too many problems," said IG's Sycamore. "I wouldn't be fighting that trend."

U.S. two-year Treasury yields, which tend to be most sensitive to the Fed policy outlook, languished at 4.65%, following a 28 basis point slide this week that extended its drop from last week's 16-year peak above 5%.

Ten-year yields wallowed around 3.78% following a 27 basis point decline since last Friday, when it reached an eight-month high at 4.094%.

Japan's bond market sold off though, with the 10-year yield rising as high as 0.485%, taking it the closest it's been to the Bank of Japan's 0.5% policy ceiling since March 10.

Speculation that the BOJ could widen its 10-year yield band this month has been rising since a labour report a week ago showed solid growth in wages.

"The market has frontloaded its expectations for BoJ policy revisions," Shinji Ebihara, an analyst at Barclays in Tokyo, wrote in a research report.

"However, such an abrupt repricing appears to be an overshoot in light of current BOJ communications and domestic fundamentals," he said. "We believe the risk ultimately remains skewed toward lower yields."

In Australia, the government's appointment of deputy governor Michele Bullock to lead the Reserve Bank of Australia from mid-September had little effect on markets.

The Aussie dollar was flat at $0.6892, following back-to-back sessions of 1.5% gains against its U.S. peer to take it to the highest in a month.

In commodities, gold edged to a new one-month high at $1,963.59, buoyed by the dollar's weakness. It has rallied about 1.9% this week.

Brent crude futures added 5 cents, or 0.1%, to $81.41 per barrel. U.S. West Texas Intermediate crude futures rose 9 cents, or 0.1%, to $76.98.

Both benchmarks are on track to settle higher for a fourth session in a row. - Reuters

Posted by Good123 > 2023-07-14 15:33 | Report Abuse

Nanti, umum dapat kontrak baru, semua kejar :)

Posted by Good123 > 2023-07-14 15:41 | Report Abuse

Environmental study Kuan penting, ESG ;)

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BERITA
Menteri mahu teliti EIA projek lapangan terbang Tioman
Isabelle Leong
Diterbitkan: Jul 14, 2023 1:03 PM
⋅
Dikemaskini: 2:59 PM
ADS

1
Menteri Sumber Asli, Alam Sekitar dan Perubahan Iklim Nik Nazmi Nik Ahmad berkata pihaknya perlu meneliti laporan penilaian kesan alam sekitar (EIA) cadangan Lapangan Terbang Baru Antarabangsa Tioman (NTIA) sebelum mengulas tentang projek itu.

Nik Nazmi berkata cadangan projek itu terletak di kawasan marin "penting" yang memerlukan pemerhatian yang cermat dan terperinci.

"Kami akan meneliti laporan EIA sebelum saya boleh ulas dengan lebih lanjut.

"Keutamaan adalah melindungi alam sekitar di Tioman.

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"Ia kawasan marin yang sangat penting, jadi kita akan meneliti EIA secara terperinci dan cermat," katanya ketika sidang media di Putrajaya hari ini.

Nik Nazmi berkata demikian ketika menjawab soalan jika dia akan membenarkan pindaan ke atas status taman marin di Tioman bagi membolehkan lapangan terbang dibina.

Ditanya berkenaan garis masa untuk meneliti laporan itu, dia berkata: "Secepat mungkin".

Baca: EIA: Lapangan terbang Tioman lebih besar, terumbu karang dipindah

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Laporan EIA untuk projek tersebut dibuka kepada awam pada 21 Jun lalu. Orang ramai diberi tempoh sehingga 20 Julai untuk menelitinya.

Ia boleh diakses pada pautan di sini, tetapi ia tidak boleh dimuat turun atau dicetak.


Jabatan Alam Sekitar sedang meminta ulasan awam mengenai projek itu melalui borang dalam talian pada pautan di sini. Tarikh akhir penyerahan pada 4 Ogos.

Laporan EIA itu menyatakan projek yang dicadangkan itu akan menyebabkan kerosakan alam sekitar dan kehilangan habitat terhadap ratusan spesies hidupan marin di pulau itu yang sepatutnya menjadi taman laut yang dilindungi.

Ia juga menyatakan penyokong projek telah diberikan kelulusan oleh Kementerian Pertanian dan Industri Makanan pada Mac 2022 untuk menjalankan EIA sebelum mendapatkan kelulusan daripada Majlis Penasihat Kebangsaan Taman Laut dan Rizab Laut untuk menukar status taman itu.

EIA menyatakan RKK-GPT 2030 menganggap perairan Pulau Tioman sebagai kawasan sensitif alam sekitar (ESA) Tahap 1. Di bawah garis panduan PlanMalaysia, kawasan Tahap 1 ESA tidak boleh dibangunkan.

Terumbu karang seluas 11.25 hektar dan kawasan substrat (permukaan bagi) hidupan laut seluas 12.36 hektar terletak di dalam sempadan projek, yang akan ditebus guna untuk pembangunan lapangan terbang atau terjejas oleh aktiviti penambakan.

Laporan itu mengenal pasti 121 spesies karang keras dan 11 spesies karang lembut di kawasan itu.



Berdasarkan pelan pemuliharaan laut, syarikat yang terlibat iaitu Tioman Infra Sdn Bhd mencadangkan kawasan terumbu karang dalam kawasan projek itu ditebus guna dan terumbu karang akan ‘dipindahkan’ ke pulau berdekatan.

Cadangan lapangan terbang itu akan meliputi kawasan seluas 186.36 hektar, di mana 76 peratus - 142.70 hektar - akan melibatkan penambakan tanah.

EIA mendedahkan cadangan lapangan terbang yang lebih besar daripada draf terma rujukan projek terdahulu, yang menyatakan bahawa projek itu akan berkeluasan 94.49 hektar, di mana 65.77 hektar akan melibatkan tanah tambak.

Tioman Infra Sdn Bhd merupakan anak syarikat milik penuh Tioman Hill Resort Sdn Bhd, iaitu 50 peratus dimiliki oleh Kumpulan Berjaya. Selebihnya dibahagikan sama rata antara pelbagai kerabat diraja Pahang melalui Aimvesco Sdn Bhd dan Almarhum Sultan Ahmad Shah.

Pada 23 Jun, kumpulan alam sekitar Reef Check Malaysia telah memulakan petisyen dalam talian bagi membantah terhadap projek itu. Pada masa penulisan, ia telah memperoleh 3,077 tandatangan.

Isabelle Leong

Posted by Good123 > 2023-07-14 15:43 | Report Abuse

Pasfa nafi projek tanam sawit di Pahang tak patuh EIA
Tidak patut timbul isu projek itu mengganggu kehidupan Orang Asli di kawasan berkenaan, kata pertubuhan tersebut.
NS Ramli
⋅
23 minit lepas

Posted by Good123 > 2023-07-14 15:43 | Report Abuse

Nik Nazmi: K'jaan akan rangka dasar perlombongan nadir bumi
Ia bagi menangani isu perlombongan haram unsur itu, dengan insiden terbaru berlaku di Kedah pada bulan lalu.
Isabelle Leong
⋅
3 jam lepas

Posted by Good123 > 2023-07-14 16:27 | Report Abuse

perfect buy rate score 100% :)

Posted by Good123 > 2023-07-14 16:46 | Report Abuse

bila umum projek baru, semua laughing to the bank... cool ya!

Posted by Good123 > 2023-07-15 21:37 | Report Abuse

Indeks KLCI meningkat 15.86 mata untuk ditutup pada 1,412.09 mata pada penutup dagangan pada hari Jumaat, 14 Julai.

Ringgit pula mencecah RM4.53 berbanding RM4.58 pada 2 hari sebelumnya.

Elon Musk pula membuat akujanji mahu melabur di Malaysia dan membuka ibu pejabat di Cyberjaya.

Ini adalah petunjuk yang ekonomi kita semakin pulih.

.

Posted by Good123 > 2023-07-17 09:35 | Report Abuse

Flying

Posted by Good123 > 2023-07-17 09:36 | Report Abuse

Banyak projek Infra, oil & gas perlukan servis picorp. Ramai dah nampak dah

Posted by Good123 > 2023-07-17 09:38 | Report Abuse

Lagipun pengasas dah 70+, jika tahu anak tak pandai Biz, beliau akan jualkan semua syernya.

Posted by Good123 > 2023-07-17 09:39 | Report Abuse

Projek aramco, Tesla, HSR , dll semua ni memerlukan servis picorp.

Posted by Good123 > 2023-07-17 09:40 | Report Abuse

Projek proton geely baru di Tanjung malim juga memerlukan servis picorp

Posted by Good123 > 2023-07-17 09:41 | Report Abuse

Bila lompat nanti, bukan 1-2sen setiap kali, rapi 3-5sen, dll juga boleh macam dulu

Posted by Good123 > 2023-07-17 09:45 | Report Abuse

Beli sebelum pihak lain sedar. :) potential tak terhingga




Progressive Impact Holdings Berhad (PICORP) is a Malaysian company that provides environmental consulting, monitoring, testing services and waste management engineering. The company has a number of oil and gas clients, including:

Petronas
Shell
ExxonMobil
ConocoPhillips
Chevron
Murphy Oil
Eni
Total
JX Nippon Oil & Gas
PTTEP
PICORP provides a range of services to its oil and gas clients, including:

Environmental impact assessment (EIA)
Environmental monitoring
Waste management
Environmental training
Design and build of wastewater treatment plants
Analytical testing
Environmental data management
The company has a strong track record of providing high-quality services to its oil and gas clients. PICORP is committed to providing its clients with innovative and sustainable solutions to their environmental challenges.

Here are some specific examples of PICORP's work with oil and gas clients:

PICORP was the lead consultant for the EIA for the Petronas LNG Complex in Bintulu, Sarawak.
PICORP provides environmental monitoring services for the Shell Eastern Petroleum Terminal in Port Dickson, Negeri Sembilan.
PICORP designed and built the wastewater treatment plant for the ExxonMobil Refinery in Melaka.
PICORP provides environmental training to the staff of ConocoPhillips Malaysia.
PICORP is a leading provider of environmental services to the oil and gas industry in Malaysia. The company has a strong track record of providing high-quality services to its clients. PICORP is committed to providing its clients with innovative and sustainable solutions to their environmental challenges.

Posted by Good123 > 2023-07-17 09:45 | Report Abuse

Jualkan semua kpd aramco pun mungkin

Posted by Good123 > 2023-07-17 09:46 | Report Abuse

Picorp jadi subsidiary aramco pun boleh, dah ada Biz di Saudi

Posted by Good123 > 2023-07-17 09:52 | Report Abuse

Progressive Impact Holdings Berhad (PICORP) is a Malaysian environmental solutions provider that has been operating in Saudi Arabia since 2012. The company's subsidiary, Saudi ASMA Environmental Solutions LLC (SAES), provides a range of environmental services in the Kingdom, including:

Pest control
Waste management
Air quality monitoring
Water resource management
Laboratory testing
Environmental consulting
SAES has a strong track record in Saudi Arabia, and has been awarded contracts with a number of major companies, including Saudi Aramco, SABIC, and the Ministry of Municipal and Rural Affairs. The company is also a certified pest control company by the Ministry of Municipal and Rural Affairs.

In 2021, SAES was ranked number one as a certified pest control company in Saudi Arabia. The company has also won a number of awards for its environmental services, including the IKM Laboratory Excellence Platinum Award for 20 consecutive years.

PICORP is well-positioned to continue to grow its business in Saudi Arabia. The country is undergoing a major economic transformation, and there is a growing demand for environmental services. PICORP is committed to providing innovative and cost-effective environmental solutions to meet the needs of its clients in Saudi Arabia.

Here are some of the key reasons why PICORP is successful in Saudi Arabia:

The company has a strong track record in the Kingdom, with a proven ability to deliver high-quality environmental services.
SAES has a team of experienced and qualified professionals who are committed to providing excellent customer service.
The company is well-connected with key decision-makers in the Saudi Arabian government and private sector.
PICORP is constantly innovating and developing new environmental solutions to meet the needs of its clients.

Posted by Good123 > 2023-07-17 09:55 | Report Abuse

Jualkan semua kpd taikun pun tak mustahil ;)






















Progressive Impact Holdings Berhad (PICORP) is a Malaysian environmental services company that has been operating in Indonesia since 2007. The company's Indonesian subsidiary, PICORP Indonesia, provides a wide range of environmental services, including:

Analytical testing services
Wastewater treatment plant design and construction
Environmental consulting services
Environmental management system (EMS) implementation
Environmental impact assessment (EIA) preparation
PICORP Indonesia has a strong track record of providing high-quality environmental services to a variety of clients, including government agencies, private companies, and NGOs. The company has a team of experienced professionals who are committed to providing innovative and cost-effective solutions to environmental challenges.

Some of the key projects that PICORP Indonesia has worked on include:

The design and construction of a wastewater treatment plant for a large manufacturing plant in Java
The implementation of an EMS for a major mining company in Sumatra
The preparation of an EIA for a new power plant project in Sulawesi
PICORP Indonesia is well-positioned to continue to grow its business in Indonesia. The country is facing a number of significant environmental challenges, such as air pollution, water pollution, and waste management. PICORP Indonesia is well-equipped to help address these challenges and to contribute to the sustainable development of Indonesia.

Here are some additional details about PICORP Indonesia's business in Indonesia:

The company has its headquarters in Jakarta, with offices in Surabaya, Bandung, and Medan.
PICORP Indonesia employs over 100 people.
The company's annual revenue is in the range of RM10 million.
PICORP Indonesia's clients include government agencies, private companies, and NGOs.
PICORP Indonesia is committed to providing high-quality environmental services to its clients. The company is also committed to sustainable development and to helping to protect the environment in Indonesia.

Posted by Good123 > 2023-07-17 10:05 | Report Abuse

Johor returns to the spotlight - more services from picorp needed :)


We are positive about the potential establishment of a Johor-Singapore Special Economic Zone (JSSEZ) in Iskandar Malaysia (IM) which could create more job opportunities and commercial activities in the area. This, in turn, is expected to attract a larger population and drive up demand for properties.

Posted by Good123 > 2023-07-17 10:12 | Report Abuse

6+35/2=20.5sen, target:)

52 Weeks Range

0.06 - 0.35

Posted by Good123 > 2023-07-18 06:17 | Report Abuse

35sen -->6sen-->8sen-->?

Dah mau memecut balik

Posted by Good123 > 2023-07-18 06:22 | Report Abuse

There are some positive signs for the company, which could lead to a recovery in the stock price in the coming months.

Just hold your breath, it has moving again.

Posted by Good123 > 2023-07-18 06:25 | Report Abuse

Dah balik 8sen.

52 Weeks Range

0.06 - 0.35

52 Weeks Price Volatility (%)

6.90%

Posted by Good123 > 2023-07-18 06:27 | Report Abuse

Uptrend--->$$$




Date Open Close Change Volume
2023-07-17 0.075 0.08 +0.005 (6.666%) 6,657,300
2023-07-14 0.075 0.075 +0.005 (7.142%) 2,937,000
2023-07-13 0.065 0.07 0.00 (0.00%) 5,020,500
2023-07-12 0.065 0.07 +0.005 (7.692%) 724,900
2023-07-11 0.065 0.065 0.00 (0.00%) 418,300