Posted by Good123 > 2023-08-07 13:52 | Report Abuse

It should be good for picorp, Indonesia is a major market of picorp, got subsidiary in Indonesia.


UPDATE 1-Indonesia Q2 GDP growth highest in three quarters

JAKARTA: Indonesia's economic growth in the second quarter accelerated unexpectedly and came in above market predictions, despite its exports weakening amid falling commodity prices.

Southeast Asia's biggest economy expanded 5.17% in the April-June quarter from the same period a year earlier, faster than the 4.93% growth expected by economists polled by Reuters and the highest growth rate in three quarters. First-quarter growth was revised up slightly to 5.04%.

On a quarterly, non-seasonally adjusted basis, GDP expanded 3.86%, compared with the poll's prediction of 3.72% growth.

Indonesia's post-pandemic recovery received a boost from a commodities-led export boom last year, but analysts expect momentum to cool as prices of its top products, like palm oil and coal, fall and global demand weakens amid interest rate hikes in many countries.

Indonesia's own monetary tightening of 225 basis points from August 2022 to January 2023, was also seen hurting domestic demand.

Aiding GDP growth in the second quarter was household spending for the Muslim fasting month and Eid al-Fitr festivities, which fell in late April, analysts said.

Last year's growth was 5.3%, a nine-year high. The government targets the same growth rate for 2023. The central bank predicts GDP will expand in a range of 4.5% to 5.3% this year. (Reporting by Stefanno Sulaiman, Fransiska Nangoy and Gayatri Suroyo; Editing by Martin Petty)

Posted by Good123 > 2023-08-07 14:32 | Report Abuse

Bagus!

Progressive Impact Corporation Berhad, like many other companies, experienced a rebound in its performance following the COVID-19 pandemic. The rebound can be attributed to several factors:

1. Economic recovery: As the global economy started to recover from the effects of the pandemic, there was an increase in demand for goods and services. This resulted in a positive impact on Progressive Impact Corporation Berhad's business operations.

2. Government support: Many governments around the world introduced economic stimulus packages to support businesses during the pandemic. These measures helped sustain the company's operations and provided a bridge for recovery.

3. Shift in consumer behavior: The pandemic forced individuals and businesses to adapt and change their behavior. This led to an increased demand for certain industries, such as e-commerce, healthcare, and technology. If Progressive Impact Corporation Berhad operates in these sectors, it likely experienced a rebound in its business.

4. Strategic adaptation: Progressive Impact Corporation Berhad might have implemented strategic changes to its business model, operations, or offerings.

Posted by Good123 > 2023-08-07 16:28 | Report Abuse

DIRECT BIZ TRANSACTION:

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 > 2023-08-07 16:29 | 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 -

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

Yes, Progressive Impact Corporation Berhad (PICORP) is an ESG company. ESG stands for Environmental, Social, and Governance. ESG companies are those that are committed to operating in a sustainable and responsible manner. PICORP is committed to environmental protection, social responsibility, and good corporate governance.

Here are some of the ways in which PICORP is an ESG company:

Environmental protection: PICORP provides environmental consulting, monitoring, and testing services to help businesses and organizations reduce their environmental impact. PICORP also has a number of environmental initiatives in place, such as its waste management program and its water conservation program.
Social responsibility: PICORP is committed to giving back to the community. The company supports a number of social causes, such as education, healthcare, and poverty alleviation. PICORP also has a number of employee engagement programs in place, such as its volunteer program and its wellness program.
Good corporate governance: PICORP is committed to good corporate governance practices. The company has a board of directors that is composed of independent and experienced directors. PICORP also has a number of corporate governance policies and procedures in place, such as its code of conduct and its whistleblowing policy.
PICORP's commitment to ESG has been recognized by a number of organizations. In 2022, PICORP was awarded the Malaysia Green Technology Corporation (GreenTech Malaysia)'s Gold Award for its environmental sustainability initiatives. PICORP was also named one of the Top 100 ESG Companies in Malaysia by the Malaysia Business Council for Sustainable Development (MBCSD).

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

Progressive Impact Corporation Berhad (PICORP) is a good choice for an ESG stock for several reasons.

It is a company that is focused on environmental sustainability. PICORP's core business is environmental monitoring, consultancy, and services. This includes providing services in air, water, wastewater, and public health. PICORP is committed to reducing its environmental impact and has a number of sustainability initiatives in place, such as using renewable energy and reducing its waste output.
It is a company with a good track record of corporate governance. PICORP has a strong board of directors with a diverse range of experience. The company also has a number of policies and procedures in place to ensure good corporate governance, such as a code of ethics and a whistleblowing policy.
It is a company that is financially sound. PICORP has a strong balance sheet with a healthy cash flow. The company has also been profitable in recent years.
In addition to these factors, PICORP is also listed on the FTSE4Good Malaysia Index, which is a benchmark index of companies that meet high standards of corporate responsibility. This suggests that PICORP is a good choice for investors who are looking for an ESG stock with a strong environmental, social, and governance track record.

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

Progressive Impact Corporation Berhad (PICORP) is a company that provides environmental monitoring, consultancy, and services in Malaysia, Indonesia, and Saudi Arabia. The company's business is expected to grow in these countries due to the following factors:

Increasing environmental regulations: All three countries are implementing stricter environmental regulations in order to protect their natural resources and improve air and water quality. This is creating demand for PICORP's services, as companies and government agencies need to comply with these regulations.
Growing economies: Malaysia, Indonesia, and Saudi Arabia are all growing economies, which is leading to increased industrial activity and urbanization. This is also creating demand for PICORP's services, as companies and government agencies need to manage the environmental impacts of this growth.
Government support: The governments of Malaysia, Indonesia, and Saudi Arabia are supportive of environmental sustainability. They are providing financial incentives and other support to companies that are committed to reducing their environmental impact. This is creating opportunities for PICORP to grow its business.
In addition to these factors, PICORP is also well-positioned to benefit from the growth of the environmental services market in these countries. The environmental services market is expected to grow at a compound annual growth rate (CAGR) of 7.5% from 2022 to 2027. This growth is being driven by the factors mentioned above, as well as the increasing awareness of environmental issues among businesses and consumers.

As a result of these factors, PICORP is well-positioned to grow its business in Malaysia, Indonesia, and Saudi Arabia. The company's increased investment in these countries is likely to lead to more business and revenue in the coming years.

Here are some specific examples of how PICORP is benefiting from increased investments in Malaysia, Indonesia, and Saudi Arabia:

In Malaysia, PICORP has won a number of contracts to provide environmental monitoring and consultancy services to government agencies and private companies. The company is also involved in the development of a new wastewater treatment plant in Kuala Lumpur.
In Indonesia, PICORP is working with a number of companies to reduce their environmental impact. The company has also been awarded a contract to provide environmental monitoring services to a new oil and gas refinery in Jakarta.
In Saudi Arabia, PICORP is working with the government to develop a new environmental management plan for the country. The company is also involved in the construction of a new wastewater treatment plant in Riyadh.
These are just a few examples of how PICORP is benefiting from increased investments in Malaysia, Indonesia, and Saudi Arabia. The company is well-positioned to continue to grow its business in these countries in the coming years.

Posted by Good123 > 2023-08-08 09:11 | Report Abuse

The old founder better sells to tycoons in saudi arabia or Indonesia for his stake in Picorp. Better late than never :)

Posted by Good123 > 2023-08-08 09:13 | Report Abuse

preparing for exit kot? all the former directors have left :)

Tuesday, 30 May 2023
7:24PM
PICORP Retirement of LEE WENG CHONG As Others
7:23PM
PICORP Redesignation of ROSNANI BINTI IBARAHIM As Others
7:23PM
PICORP Change in Nomination Committee
7:21PM
PICORP Change in Nomination Committee
7:21PM
PICORP Change in Remuneration Committee
7:20PM
PICORP Change in Nomination Committee
7:20PM
PICORP Change in Remuneration Committee
7:20PM
PICORP Change in Remuneration Committee
7:19PM
PICORP Appointment of SYED HISHAM BIN SYED WAZIR As Chairman
7:19PM
PICORP Retirement of ABDUL HAMID BIN SAWAL As Chairman
7:19PM
PICORP Retirement of LEE WENG CHONG As Others
7:13PM
PICORP General Meetings: Outcome of Meeting
7:13PM
PICORP 1Q net profit 0.397 million

Posted by Good123 > 2023-08-08 10:18 | Report Abuse

ENVIRONMENTAL
MONITORING,
CONSULTANCY
& SERVICES

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%

Posted by Good123 > 2023-08-08 10:19 | Report Abuse

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

Posted by Good123 > 2023-08-08 10:30 | Report Abuse

DATUK ABDUL HAMID BIN SAWAL
CHAIRMAN, SENIOR INDEPENDENT NON-EXECUTIVE DIRECTOR

AGE: 74 • GENDER. MALE •

Date of Appointment : 23 May 2011 Board Meeting Attendance in 2022 : 8/8

Academic/professional qualiticatlon/membershlp(s)
• Bachelor of Economics (Accounting) with Honours, University of Malaya
• MBA in Agribusiness. University of Santa Clara, California, USA.
• Member of Institute of Corporate Directors Malaysia

Experience:
• Director General, Malaysian Rubber Board (January 2000 - 2006)
• Deputy Secretary Genera Ministry of Primary
Industries (June 1999 - Dec 1999)
• Deputy Director General (Sectoral) in the Economic Planning Unit, Prime Minister's Department (1997 - June 1999)
• Head of Privatisation Task Force, Economic Planning Unit (1989 - 1997)
• Ministry of Primary Industries (1974-1989)
• Joined the Ministry of Finance (Treasury-Finance Division) in 1971
and Accountant General's Department.
Experience:
• Director HIS Toyyiba Sdn. Bhd. (2021 - present)
• Adjunct Professor at Corporate Strategy Centre, Universiti Malaya
( 2021 - present)
• Group Executive Director, Zaiyadal Group of Companies (2018 - present)
• Director of UKM Holdings (2021 - Feb 2022)
Adjunct Felow at Kulliyyah of Economics and Management Sciences,International Islamic University Malaysia (2019 - 2020) President of ACCA Malaysia Advisory Committee (2014 - 2016)
• Deputy Chief Executive Officer, Proton Holdings Berhad (2012 - 2014)
• Group Chief Operating Officer, DRB-HICOM Berhad (2011 - 2012)
• Group Chief Financial Officer, DRB-HICOM Berhad (2008-2011)
• Proton Berhad (1991 - 2008 : 17 years)
• Proton Part Centre Sdn Bhd
• PHN Industry Sdn Bhd (last position as Managing Director)
• Automotive Corporation (Malaysia) Sdn Bhd (1990 -1991)
• Sun Refinng and Marketing, Phildelphia, USA (1989 - 1990)

Award and recognition
• Best National Award for Management Accounting
• DRB-HICOM's Best CEO of 2007
• Best Vendor Awards from TOYOTA, Honda, Proton and Perodua

Posted by Good123 > 2023-08-08 10:32 | Report Abuse

ZAIDAH BINTI
MOHD SALLEH
NON-INDEPENDENT
NON-EXECUTIVE DIRECTOR

AGE: 68 • GENDER: FEMALE •

Date of Appointment : 1 November 1990 Board Meeting Attendance in 2022 : 8/8

Board Committees Membership(s)
Member of Audit Committee.

Academic/professional
q u alltl ca tlo n/memb ershlp(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 E ecutive 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 > 2023-08-08 10:33 | Report Abuse

ZAID BIN ABDULLAH
EXECUTIVE DEPUTY CHAIRMAN

AGE : 71 • GENDER : MALE •

Date of Appointment . 1 November 1990 Board Meeting Attendance in 2022 : 7/8

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
• 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 I 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 > 2023-08-08 10:35 | Report Abuse

USAMAH BIN ZAID
ALTERNATE DIRECTOR TO ZAID BIN ABDULLAH

AGE : 39 .a GENDER : MALE

Date of Appointment: 1 July 2020

Academic/professional qualification/membership(s}
• Master in Business Administration, Management & Science University (2015}
• General Islamic Studies. Darul Uloom Zakariya Islamic University, South Africa (2010)
• Member of Institute of Corporate Directors Malaysia

Experience:
• Chief Executive Officer, Alam Sekitar Malaysia Sdn Bhd (2021 - present)
• Deputy Chief Executive Officer,
Alam Sekitar Malaysia Sdn Bhd (2020)
• Senior General Manager, Zaiyadal Keluarga Sdn Bhd (2020)
• Chief Executive Officer, Intelligent Aqua
Sdn Bhd (2018 - 2019)
• General Manager (Business Development),
Alam Sekitar Malaysia Sdn Bhd (2016 - 2018)
• Business Development Executive, Alam Sekitar Eco-Technology Sdn Bhd
(2013 - 2016)
• Business Development Executive, PJ Bumi Berhad (2010 - 2013)
• Syariah Advisor to the Group, Progressive Impact Corporation Berhad (July 2010 - October 2010)

Usamah is the son of Zaid bin Abdullah and Zaidah binti Mohd Salleh and brother of Fatimah Zahrah bintl Zaid.

Posted by Good123 > 2023-08-08 10:37 | Report Abuse

FATIMAH ZAHRAH BINTI ZAID
ALTERNATE DIRECTOR TO ZAIDAH BINTI MOHD SALLEH

AGE · 38 • GENDER · FEMALE • I

Date of Appointment: 9 April 2015

Academic/professional qualification/membership(s)
Bachelor's Degree in Engineering (Chemical), University of Malaya
Master in Business Administration, Putra Business School, University of Putra Malaysia (UPM)
Member of Institute of Corporate Directors Malaysia

Experience:
• General Manager, Zaiyadal Sdn. Bhd. (2017 - present)
• Proposal Engineer. Foxboro (Malaysia)
Sdn Bhd (2010 - 2013)
• Project Engineer, Foxboro (Malaysia) Sdn Bhd (2007 - 2010)

Fatimah Zahrah Is the daughter of Zaid bin Abdullah and Zaidah binti Mohd Salleh and the sister of Usamah bin Zaid.

Posted by Good123 > 2023-08-08 10:39 | Report Abuse

2023, post-pandemic after 2020-2022, it should start to grow from this year :)

FINANCIAL YEAR ENDED
31 DECEMBER 2022 2018 2019 2020 2021 2022

Key operating results (RM thousand)
Order 96,689 144,921 90,657 81,039 80,597
Revenue 87,465 99,506 87,963 92,022 90,285

Posted by Good123 > 2023-08-08 10:43 | Report Abuse

it should start to improve starting from 2023 post-pandemic. :)

FINANCIAL YEAR ENDED
31 DECEMBER 2022 2018 2019 2020 2021 2022

Financial Ratios
Order growth 14% 50% -37% -11% -1%
Revenue growth 4% 14% -12% 5% -2%
Current ratio 1.88 1.79 1.44 1.23 1.10
Debt / equity ratio 0.24 0.25 0.37 0.43 0.45
SHARE STATISTICS
Net dividend per share (sen) 0.50 0.55 0.30 0.30 0.30
Dividend yield 3.85% 4.58% 2.73% 2.73% 1.15%

Posted by Good123 > 2023-08-08 10:44 | Report Abuse

The decrease in PICORP’s revenue for FY2022 to RM90.3 million from RM92.0 million for FY2021 was due to the completion of non-recurring projects and expiration of existing contract. However, the decline in revenue was compensated by an increase in revenue contribution from the local lab testing segment in respect of food pharma lab testing.

Apart from that, the three years’ contract awarded by Makkah Municipality to a wholly owned subsidiary of PICORP, Saudi ASMA Environmental Solutions LLC (“Saudi Asma”) on 3 June 2021 for the provision of pest control monitoring services in Makkah amounting to RM27.9 million has continue to contribute positively to the environmental segment.

Posted by Good123 > 2023-08-08 10:46 | Report Abuse

Revenue Contribution by Geographical Breakdown
In terms of geographical breakdown, the overall decrease in revenue by 2% or RM1.7 million was attributed to the decrease in revenue from Indonesian operations by RM3.4 million which was offset by positive contribution from Saudi operations by RM1.7 million.

On the other hand, minimal changes were noted in terms of the geographical percentage composition whereby 68% (FY2021: 67%) of PICORP’s revenue for FY2022 was generated from the Malaysian operations, with equal share of 16% (FY2021: 19%) from Indonesian operations and 16% (FY2021: 14%) from Saudi operations.

Posted by Good123 > 2023-08-08 10:49 | Report Abuse

PICORP Core Businesses




Environmental Monitoring, Consultancy & Services

Laboratory Testing Services



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.

Posted by Good123 > 2023-08-08 10:53 | Report Abuse

post pandemic, starting 2023, better in the years to come :)

For FY2022, environmental monitoring, consultancy and services generated lower revenue of RM30.4 million (FY2021: RM32.5 million) which was mainly due to a 20% decrease in contribution from Malaysian operations. The post COVID-19 pandemic impact has resulted in the postponement of contract execution and delay in securing order. Revenue from Saudi operations, on the other hand, increased by 13% to RM14.7 million in FY2022 as compared to RM 13.0 million in FY2021.

Revenue Contribution by Geographical Breakdown


Malaysia Saudi
RM Million

For FY2022, environmental monitoring, consultancy and services generated lower revenue of RM30.4 million (FY2021: RM32.5 million) which was mainly due to a 20% decrease in contribution from Malaysian operations. The post COVID-19 pandemic impact has resulted in the postponement of contract execution and delay in securing order. Revenue from Saudi operations, on the other hand, increased by 13% to RM14.7 million in FY2022 as compared to RM 13.0 million in FY2021.

Revenue Contribution from Malaysia Operations by Sub-segment





Major revenue contributors for environmental monitoring, consultancy & services in Malaysia for FY2022 were predominantly water & industrial wastewater services and water monitoring services segments with both contributing RM5.2 million (FY2021: RM0.1 million) and RM4.4 million (FY2021: RM7.8 million) representing 33% and 28% of total revenue from this segment respectively.

The lower revenue registered in FY2022 by RM3.9 million was due to delay in securing new orders and postponement of potential projects. The higher revenue recorded in FY2021 mainly due to one-off project in respect of Pelabuhan Tanjung Pelepas project for the construction of Sewerage Treatment Plant. This project had contributed RM2.56 million of the total FY2021 revenue in domestic wastewater treatment segment.

Posted by Good123 > 2023-08-08 10:56 | Report Abuse

The lower revenue generated from Indonesian operations was mainly due to the PT. Chevron Pacific Indonesia (“Chevron”) contract expired in August 2021. Even though the project has been transferred from Chevron to PT Pertamina, the new contract at a reduced scope for the mirroring contract for a period of one year ending August 2022 enabling ALS Indonesia to continue its services until August 2022.

On the other hand, higher revenue contribution from Malaysian operation was due to additional revenue generated from food and pharmaceutical sector in FY2022 as compared to FY2021.

Revenue Contribution from Malaysian Operations by Sub-Segment


Major revenue contributors for laboratory testing in Malaysia for FY2022 were food and pharmacy division and environmental segments with both contributing RM23.9 million (FY2021: RM19.7 million) and RM18.5 million (FY2021: RM19.3 million) representing 55% and 43% of total revenue from this segment respectively.

The increase in revenue from food and pharmacy segment by 21% to RM23.9 million (FY2021: RM19.7 million) was mainly due to the increase in production in food manufacturing industries including snacks, dairies and beverages manufacturers. ALS Malaysia has also strategised to retain the major food clients by improving communications and deliverables. On the other hand, revenue from environmental division had decreased by 4% to RM18.5 million in FY2022 as compared to RM19.3 million in FY2021.

Posted by Good123 > 2023-08-08 10:57 | Report Abuse

For FY2022, PBT from Malaysian operations had increased to RM19.9 million (FY2021: RM18.2 million) in line with the increase in revenue. On the other hand, PBT from Indonesia Operations had decreased to RM3.2 million from RM3.8 million in FY2021 due to expiry of project with Chevron and higher cost incurred during the year.

Posted by Good123 > 2023-08-08 10:59 | 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.

Posted by Good123 > 2023-08-08 11:02 | Report Abuse

$$$$$$$$$$$$$$ coming :)

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.

Posted by Good123 > 2023-08-08 11:04 | Report Abuse

Wow, already expanded into Brunei :)

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.

Posted by Good123 > 2023-08-08 11:05 | Report Abuse

Terbaik, melambung tinggi semula selepas PRN... :)

LABORATORY TESTING SERVICES

The laboratory testing services particularly in the food and pharmaceutical segment continue to generate signif- icant 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.

Posted by Good123 > 2023-08-08 11:06 | Report Abuse

DIVIDEND

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.

Posted by Good123 > 2023-08-08 11:15 | Report Abuse

DIRECTORS’ INTEREST IN SHARES

As per the Register of Directors’ Shareholdings


Name Direct interest %^ Deemed &
indirect interest %^
Zaid bin Abdullah 44,875,100
6.847
304,370,422* 46.442*

Zaidah binti Mohd Salleh 8,769,400 1.338 304,370,422* 46.442*
Datuk Abdul Hamid bin Sawal - - - -
Dato’ Hajjah Rosnani binti Ibarahim - - - -
Dato’ Dr. Lukman bin Ibrahim - - 176,000 0.027
Kamarul Baharin bin Albakri - - - -
Lee Weng Chong 800,000 0.122 - -
Usamah bin Zaid (Alternate Director) 112,000 0.017 - -
Fatimah Zahrah binti Zaid 110,300 0.016 - -
(Alternate Director)

Posted by Good123 > 2023-08-08 11:49 | Report Abuse

PROGRESSIVE IMPACT CORPORATION BERHAD
(Company No. 199001011782)
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE FIRST QUARTER ENDED 31 MARCH 2023
(The figures have not been audited)
Preceding year Preceding year
Current Corresponding Current Year Corresponding
Quarter Quarter To Date Period
31.3.2023 31.3.2022 +/(-) 31.3.2023 31.3.2022 +/(-)
RM'000 RM'000 RM'000 RM'000
Revenue 20,531 22,534 (0.09) 20,531 22,534 (0.09)
Cost of sales (8,240) (10,085) (8,240) (10,085)
Gross profit 12,291 12,449 (0.01) 12,291 12,449 (0.01)
Profit income 170 102 170 102
Other income 762 582 762 582
Staff costs (6,322) (6,518) (6,322) (6,518)
Depreciation and amortisation (1,818) (2,050) (1,818) (2,050)
Other operating expenses (3,099) (2,887) (3,099) (2,887)
Profit from operations 1,984 1,678 0.18 1,984 1,678 0.18
Finance costs (693) (819) (693) (819)
Profit before tax 1,291 859 0.50 1,291 859 0.50
Income tax expense (894) (1,120) (894) (1,120)
Profit/(Loss) net of tax 397 (261) 2.52 397 (261) 2.52
Other comprehensive income:
Foreign currency translation 412 (473) 412 (473)
Total comprehensive income for
the period (734) 809 2.10 (734) 809 2.10
Net Profit/(Loss) attributable to:
Owners of the parent (1,415) (1,643) (0.14) (1,415) (1,643) (0.14)
Minority interest 1,812 1,382 0.31 1,812 1,382 0.31
397 (261) 2.52 397 (261) 2.52

Posted by Good123 > 2023-08-08 13:09 | Report Abuse

both environmental monitoring, consultancy & services segment and lab testing
services segment will generate moderate growth due to a challenging external environment.

Ada pertumbuhan kira bersyukurlah ;)

Posted by Good123 > 2023-08-08 14:49 | Report Abuse

usah takut, pengasas belum jual... masih pemegang syer terbesar walaupun harga syer mencecah 35sen awal tahun ni :)

Name Direct interest %^ Deemed &
indirect interest %^
Zaid bin Abdullah 44,875,100
6.847
304,370,422* 46.442*

Posted by Good123 > 2023-08-08 15:53 | Report Abuse

3 tahun semasa pandemik, 2020-2022 tak mampus, tahun ni, kembali bertumbuh :)

Posted by Good123 > 2023-08-09 08:40 | Report Abuse

Founder & family's stake: still 50%++ even share price reached 35sen earlier this year.

35sen -> 6.5sen -> 7.5sen now -> 10-20sen ????

Any movement is expected to be rigorous :)

Posted by Good123 > 2023-08-09 09:03 | Report Abuse

Be calm, accumulate more and more ;)


Zaid Bin Abdullah is a successful businessman and entrepreneur. He is the Deputy Chairman and Founder of Progressive Impact Corporation Berhad (PICORP), a leading environmental solutions provider in Malaysia.

Zaid was born in Kuala Lumpur in 1956. He studied accounting at the University of Malaya and graduated with a Bachelor of Economics (Accounting) degree in 1977. After graduating, he worked as an accountant for a few years before joining Shapadu Group of Companies in 1982. He quickly rose through the ranks at Shapadu and was appointed Group Executive Director in 1992.

In 1993, Zaid left Shapadu to start his own company, PICORP. PICORP initially focused on environmental consultancy services, but it has since expanded into a wide range of environmental solutions, including environmental monitoring, waste management, and pollution control.

Under Zaid's leadership, PICORP has grown to become one of the leading environmental solutions providers in Malaysia. The company has won numerous awards for its environmental work, including the Most Promising Entrepreneurship Award at the APEA Awards in 2013.

Zaid is a passionate advocate for environmental protection. He believes that businesses have a responsibility to protect the environment and that environmental sustainability is essential for long-term economic growth. He is also a strong supporter of education and training in the environmental field.

In his spare time, Zaid enjoys spending time with his family, playing golf, and reading. He is also a keen supporter of the arts and is a member of the board of directors of the Malaysian Philharmonic Orchestra.

Zaid is a visionary leader who has made significant contributions to the field of environmental protection in Malaysia. He is an inspiration to many and is a role model for young entrepreneurs. He is a true Malaysian success story.

$¥€

Zaid Bin Abdullah was a young man with a dream. He wanted to start his own business and make a difference in the world. He had always been passionate about environmental protection, and he saw a need for a company that could provide innovative solutions to environmental problems.

In 1993, Zaid took the plunge and started his own company, Progressive Impact Corporation Berhad (PICORP). PICORP initially focused on environmental consultancy services, but it quickly expanded into a wide range of environmental solutions, including environmental monitoring, waste management, and pollution control.

Under Zaid's leadership, PICORP has grown to become one of the leading environmental solutions providers in Malaysia. The company has won numerous awards for its environmental work, including the Most Promising Entrepreneurship Award at the APEA Awards in 2013.

Zaid is a passionate advocate for environmental protection. He believes that businesses have a responsibility to protect the environment and that environmental sustainability is essential for long-term economic growth. He is also a strong supporter of education and training in the environmental field.

Zaid is a true Malaysian success story. He is a visionary leader who has made significant contributions to the field of environmental protection. He is an inspiration to many and is a role model for young entrepreneurs.

One day, Zaid got a call from the government. They were looking for a company to help them with a major environmental project. The project involved building a new waste treatment plant for a large city. Zaid knew that this was a big opportunity for PICORP, but he also knew that it would be a challenge.

Zaid and his team worked tirelessly on the project. They had to overcome many challenges, but in the end, they were successful. The waste treatment plant was built on time and on budget, and it is now one of the most efficient and effective waste treatment plants in the country.

The success of this project helped to put PICORP on the map. The company was now recognized as a leading expert in environmental solutions. Zaid and his team continued to work on other major environmental projects, and PICORP continued to grow.

Today, PICORP is one of the largest and most successful environmental solutions providers in Malaysia. Zaid is a proud of what he and his team have accomplished. He knows that they have made a difference in the world, and he is committed to continuing to work on environmental protection for many years to come.

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

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 > 2023-08-09 09:06 | Report Abuse

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 > 2023-08-09 09:07 | Report Abuse

Former directors dah cabut, preparing to cash out by the founder probably... stay calm ;)

Posted by Good123 > 2023-08-09 09:12 | Report Abuse

No Name %*
%^ %^ Deemed &
indirect interest
Holdings
Direct
interest
Zaid bin Abdullah
Zaidah binti Mohd Salleh
Datuk Abdul Hamid bin Sawal
Dato’ Hajjah Rosnani binti Ibarahim
Dato’ Dr. Lukman bin Ibrahim
Kamarul Baharin bin Albakri
Lee Weng Chong
Usamah bin Zaid (Alternate Director)
Fatimah Zahrah binti Zaid
(Alternate Director)
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

Posted by Good123 > 2023-08-09 09:17 | Report Abuse

There are a few possible reasons why Bank of Singapore Limited (Foreign) remains as the second largest shareholder of Progressive Impact Corporation Berhad till now.

Bank of Singapore is a strategic investor in Progressive Impact Corporation Berhad. The bank has been a shareholder of the company since 2010, and it has a strong belief in the company's long-term growth prospects. Bank of Singapore is likely to continue to hold its stake in Progressive Impact Corporation Berhad in order to participate in the company's future success.
Bank of Singapore is interested in this sector. Progressive Impact Corporation Berhad is a leading environmental company in Malaysia, and Bank of Singapore is likely to see the company as a way to gain exposure to this growing industry.
Bank of Singapore is confident in the management of Progressive Impact Corporation Berhad. The company is led by a experienced and capable management team, and Bank of Singapore is likely to be impressed with their track record. The bank may believe that the management team is the best to lead Progressive Impact Corporation Berhad to continued success.
It is also possible that Bank of Singapore has other reasons for remaining as the second largest shareholder of Progressive Impact Corporation Berhad. However, the reasons mentioned above are the most likely explanations.

Posted by Good123 > 2023-08-09 09:18 | Report Abuse

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
6.84

Posted by Good123 > 2023-08-09 09:47 | Report Abuse

KUALA LUMPUR: The recovery trend on Bursa Malaysia may be sustained by the growing buying momentum as investor sentiment has been seen turning more positive, said Malacca Securities Research.

"It appears that the recent pullback has come to an end and the local bourse is back on the recovery drive," it said in a note.

Posted by Good123 > 2023-08-09 14:24 | Report Abuse

jika anda ada cash, just accumulate, pelabur singapura pun tak jual walaupun harga syer mencecah 35sen awal tahun ni... berpotensi tinggi industri picorp... selepas PRN, kembali 10-20sen, segalanya dah naik , mau set up a company macam picorp pun dah naik... now 8sen = NTAnya belum revaluation lagi :) goodwill, dll pun tak diambil kira lagi

Posted by Good123 > 2023-08-10 14:59 | Report Abuse

tak tahu how high ia boleh melambung jika ada seorang pelabur beli 10juta syer dari pasaran terbuka dengan satu order macam ini.

Highest Volume 10.000m First Occurred on 15/01/2009

Posted by Good123 > 2023-08-10 16:34 | Report Abuse

cypark dan picorp ada sinergi yg tak terhingga, wait n see selepas PRN nanti

Posted by Good123 > 2023-08-11 07:58 | Report Abuse

Picorp & cypark boleh buat yg sama.
$¥€
Coach, Michael Kors owners merge in $8.5 billion deal, creating a U.S. fashion powerhouse to challenge larger European rivals for a bigger share of the global luxury market.

Posted by Good123 > 2023-08-11 08:45 | Report Abuse

The Malaysian government wants self-sufficient in the food industry to fulfil the needs of the country. Another gold pot for picorp.

$€¥

Yes, the growing food industry is giving Progressive Impact Corporation Berhad (PICORP) more business. PICORP is an environmental solutions provider that offers a wide range of services to the food industry, including:

Environmental consulting
Monitoring and testing
Wastewater treatment
Water treatment
Air quality monitoring
Food safety testing
As the food industry grows, so does the demand for PICORP's services. Food manufacturers are under increasing pressure to comply with environmental regulations, and they need PICORP's help to ensure that their operations are environmentally friendly. In addition, food manufacturers are also facing growing concerns about food safety, and they need PICORP's help to ensure that their products are safe for consumers.

PICORP is well-positioned to capitalize on the growth of the food industry. The company has a strong track record of providing quality environmental services to the food industry, and it has a team of experienced professionals who are committed to helping food manufacturers meet their environmental and food safety challenges.

In the past year, PICORP has won several new contracts with food manufacturers in Malaysia. The company is also expanding its operations into new markets in Southeast Asia. PICORP is confident that the growing food industry will continue to drive its growth in the years to come.

Here are some specific examples of how the growing food industry is giving PICORP more business:

PICORP recently won a contract to provide environmental consulting services to a new food manufacturing plant in Malaysia. The plant will produce processed food products, and PICORP will help the plant to comply with environmental regulations.
PICORP is also providing monitoring and testing services to a number of existing food manufacturing plants in Malaysia. The company is testing the plants' wastewater, air emissions, and food products to ensure that they meet environmental and food safety standards.
PICORP is also expanding its wastewater treatment business to meet the growing demand from the food industry. The company is building a new wastewater treatment plant in Malaysia that will be able to treat wastewater from food manufacturing plants.
The growth of the food industry is a major opportunity for PICORP. The company is well-positioned to capitalize on this opportunity by providing high-quality environmental services to food manufacturers.

Posted by Good123 > 2023-08-11 08:52 | Report Abuse

PICORP is potential in the environmental business for several reasons:

The company has a strong track record of providing quality environmental services. PICORP has been in business for over 20 years, and it has a proven track record of providing quality environmental services to a wide range of clients, including the government, private industry, and the non-profit sector.
The company has a team of experienced professionals. PICORP's team of professionals has a wealth of experience in the environmental field. They are experts in a wide range of environmental disciplines, including environmental consulting, monitoring and testing, wastewater treatment, water treatment, air quality monitoring, and food safety testing.
The company is committed to innovation. PICORP is constantly investing in new technologies and techniques to improve its environmental services. This commitment to innovation helps PICORP to stay ahead of the curve and to provide its clients with the most up-to-date environmental solutions.
The company is well-positioned to grow. PICORP is well-positioned to grow in the years to come. The company is expanding its operations into new markets, and it is developing new environmental services to meet the needs of its clients.
In addition to these factors, PICORP is also potential in the environmental business because of the following trends:

The growing awareness of environmental issues. The public is becoming increasingly aware of environmental issues, and this is driving demand for environmental services.
The increasing regulation of environmental matters. Governments are enacting stricter regulations to protect the environment, and this is creating demand for environmental services to help businesses comply with these regulations.
The growing demand for sustainable solutions. Businesses are looking for ways to reduce their environmental impact, and this is creating demand for sustainable environmental solutions.
PICORP is well-positioned to capitalize on these trends and to grow its business in the years to come. The company has the experience, the expertise, and the commitment to innovation to provide its clients with the environmental services they need to protect the environment and to thrive in the years to come.

Posted by Good123 > 2023-08-11 08:55 | Report Abuse

Saudi Arabia and Indonesia are even more important than the Malaysian market for PICORP for the following reasons:

Large population: Both Saudi Arabia and Indonesia have a large population, which means that there is a large potential market for PICORP's environmental services. For example, Saudi Arabia has a population of over 34 million people, and Indonesia has a population of over 270 million people.
Rapid economic growth: Both Saudi Arabia and Indonesia are experiencing rapid economic growth, which is leading to increased demand for environmental services. For example, Saudi Arabia's GDP is growing at an average rate of 7% per year, and Indonesia's GDP is growing at an average rate of 5% per year.
Government focus on environmental protection: Both the Saudi Arabian and Indonesian governments are focused on environmental protection, which is creating demand for environmental services. For example, the Saudi Arabian government has set a goal of reducing its carbon emissions by 20% by 2030, and the Indonesian government has set a goal of reducing its deforestation rate.
Growing awareness of environmental issues: The public in both Saudi Arabia and Indonesia is becoming increasingly aware of environmental issues, which is driving demand for environmental services. For example, a recent survey found that 70% of Saudi Arabians are concerned about the environment, and a recent survey found that 80% of Indonesians are concerned about the environment.
PICORP is well-positioned to capitalize on the growth of the environmental market in Saudi Arabia and Indonesia. The company has the experience, the expertise, and the commitment to innovation to provide its clients with the environmental services they need to protect the environment and to thrive in the years to come.

In addition to the reasons mentioned above, Saudi Arabia and Indonesia are also important markets for PICORP because they are both strategic locations for the company. Saudi Arabia is a major oil producer, and Indonesia is a major timber producer. PICORP can use its expertise in environmental services to help these countries to develop their natural resources in a sustainable way.

PICORP is also targeting the Saudi Arabian and Indonesian markets because they are both relatively young markets for environmental services. This means that there is less competition in these markets, and PICORP has the opportunity to establish itself as a leading provider of environmental services