Progressive Impact Corporation Berhad (PICORP) is a Malaysian environmental services company that has been in operation for over 20 years. The company has a strong track record of growth and profitability, and is well-positioned to fly higher in the future.
Here are some of the reasons why PICORP could fly higher:
Growing demand for environmental services: The demand for environmental services is growing due to increasing awareness of environmental issues and the need to protect the environment. This trend is expected to continue in the coming years, providing PICORP with an opportunity to grow its business. Expansion into new markets: PICORP is currently focused on the Malaysian market, but it has plans to expand into new markets in the region. This could help the company to grow its revenue and profits. Investment in innovation: PICORP is investing in innovation to develop new products and services that meet the needs of its customers. This could help the company to stay ahead of the competition and gain market share. Strong management team: PICORP has a strong management team with a proven track record of success. This team is committed to growing the company and making it a leader in the environmental services industry. In addition to these factors, PICORP is also benefiting from the following trends:
The increasing focus on sustainability: Businesses and governments are increasingly focused on sustainability, which is creating new opportunities for environmental services companies like PICORP. The growth of the green economy: The green economy is growing rapidly, and this is creating new markets for environmental services. The increasing regulatory requirements: Governments are introducing stricter regulations to protect the environment, which is creating new demand for environmental services. Overall, there are a number of reasons to believe that PICORP could fly higher in the future. The company is well-positioned to capitalize on the growing demand for environmental services, and is also benefiting from a number of favorable trends.
Here are some specific goals that PICORP could set to help it fly higher:
Increase its market share in the Malaysian market. Expand into new markets in the region. Develop new products and services that meet the needs of its customers. Stay ahead of the competition by investing in innovation. Build a strong brand reputation as a leader in the environmental services industry. If PICORP can achieve these goals, it is well-positioned to become a major player in the environmental services industry.
picorp dan cypark ada synergi... Jakel mungkin acquire a stake in picorp secare mengejut... sabar ya!
www.thestar.com.my › business › business-newsJakel emerges as Cypark’s largest shareholder | The Star Jakel, via its investment arm Jakel Capital Sdn Bhd, acquired a 23.08% stake in Cypark at 38 sen per placement share. PETALING JAYA: Cypark Resources Bhd, which was previously affected by cash flow and debt concerns, has received a helping hand from textile wholesaler Jakel Group which invested RM67.13mil into the renewable energy (RE) player.
www.freemalaysiatoday.com › category › businessJakel Group acquires a 27% stake in renewable energy firm Cypark Jan 4, 2023 · PETALING JAYA: Jakel Capital Sdn Bhd, the family office of Jakel Group, has emerged as the single largest shareholder in renewable energy company Cypark Resources Bhd with a
Cypark Resources Berhad and Progressive Impact Corporation Berhad should merge because they have a lot of potential synergies. As you mentioned, both companies are involved in the environmental sector, and they have complementary expertise. Cypark is a leading provider of environmental solutions, while Progressive Impact is a developer of renewable energy projects. By working together, they can offer a more comprehensive range of environmental services and solutions.
Here are some of the benefits of a merger between Cypark and Progressive Impact:
Increased market share: The combined company would have a larger market share in the environmental sector, which would give it more bargaining power with suppliers and customers. Enhanced expertise: The combined company would have a wider range of expertise in environmental solutions, which would allow it to offer a more comprehensive range of services to its clients. Increased financial resources: The combined company would have more financial resources, which would allow it to invest in new technologies and expand its operations. Reduced costs: The combined company could achieve economies of scale by sharing resources and operations. Improved risk management: The combined company would be better able to manage risks, such as those associated with fluctuating commodity prices or changes in government regulations. Overall, a merger between Cypark and Progressive Impact would be a mutually beneficial move for both companies. It would allow them to achieve their common goals more effectively and efficiently, and it would create a stronger player in the environmental sector.
In addition to the benefits mentioned above, a merger between Cypark and Progressive Impact could also help to:
Reduce environmental impact: By working together, the two companies could develop more sustainable environmental solutions. Create new jobs: The merger could create new jobs in the environmental sector. Boost the Malaysian economy: The merger could boost the Malaysian economy by increasing investment and creating jobs. Overall, a merger between Cypark and Progressive Impact would be a positive development for the Malaysian environment, economy, and society.
there are also some reasons to believe that the PICORP share price could be undervalued.
The company has a strong track record of revenue growth. In the past five years, PICORP's revenue has grown by an average of 10% per year. This growth is likely to continue, as the company expands its business into new markets. The company has a good management team. The PICORP management team has a proven track record of success. They have a clear vision for the company, and they are committed to growing the business. The company is trading at a discount to its peers. Other companies in the same industry are trading at a higher price-to-earnings ratio than PICORP. This suggests that PICORP's shares could be undervalued.
It is possible that Jakel can afford to acquire Picorp. Jakel is a large and successful textile company with a market capitalization of over RM1 billion. Picorp is a smaller company with a market capitalization of around RM200 million. Jakel has been known to make acquisitions in the past, such as its acquisition of Cypark Resources Berhad in 2022.
However, there are a few factors that Jakel would need to consider before making an acquisition of Picorp. First, Jakel would need to make sure that the acquisition is financially feasible. The company would need to have enough cash on hand or access to financing to pay for the acquisition. Second, Jakel would need to be confident that the acquisition would be accretive to its earnings. This means that the acquisition would need to generate enough additional revenue and profits to offset the cost of the acquisition.
Ultimately, the decision of whether or not to acquire Picorp would be up to Jakel's management team. They would need to weigh the risks and rewards of the acquisition before making a decision.
Here are some additional factors that Jakel would need to consider:
The strategic fit of Picorp with Jakel's business. The regulatory approvals required for the acquisition. The reaction of Picorp's shareholders to the acquisition. If Jakel decides to acquire Picorp, it would be a significant move for the company. It would give Jakel a foothold in the renewable energy sector, which is a growing market.
The share price of Progressive Impact Corporation Berhad (PICORP) can surge anytime due to a number of factors, including:
Positive news about the company. This could include news of new contracts, expansion plans, or financial results that beat expectations. Increased demand for the company's products or services. This could be driven by factors such as economic growth, population growth, or changes in government regulations. Speculation by investors. If investors believe that the company's share price is undervalued, they may buy shares in the expectation that the price will rise in the future. Short covering. This occurs when investors who have shorted the stock (i.e., bet that the price will fall) are forced to buy back the shares in order to close out their position. This can cause the price to surge.
There is no official announcement or confirmation of a merger between Cypark Resources Berhad and Progressive Impact Corporation Berhad as of now. However, both companies are involved in the environmental sector and have seen some positive developments recently. For example, Cypark received a RM67.13 million investment from Jakel Group1, while Progressive Impact surged 42.86% in share price in May 20212. These factors may increase the likelihood of a merger in the future, but it is still speculative at this point. You can follow the latest news and updates on these companies from their websites or other sources.
The potential merger of Progressive Impact Corporation Berhad (PICORP) and Cypark Resources Berhad (CYPARK) could enhance shareholder value in a number of ways.
First, the merger would create a larger and more diversified company with a wider range of operations. PICORP is a waste management company, while CYPARK is a renewable energy company. The merger would allow the combined company to offer a more comprehensive range of services to its customers, which could lead to increased revenue and profits.
Second, the merger would allow the combined company to achieve economies of scale. By combining their operations, PICORP and CYPARK could reduce their costs and improve their efficiency. This could lead to higher profits, which could be passed on to shareholders in the form of higher dividends or share price appreciation.
Third, the merger would create a more competitive company. The combined company would be a larger and more established player in the waste management and renewable energy sectors. This could give it a competitive advantage over its smaller and less established rivals.
Of course, there are also some risks associated with the merger. For example, the merger could be dilutive to shareholders if the combined company issues new shares to finance the acquisition. Additionally, the merger could be challenging to integrate, which could lead to operational problems.
Overall, the potential merger of PICORP and CYPARK could enhance shareholder value. However, there are some risks associated with the merger that should be carefully considered before shareholders approve it.
Here are some specific examples of how the merger could enhance shareholder value:
The combined company could achieve cost savings by consolidating back-office functions and sharing resources. The combined company could expand into new markets and generate new revenue streams. The combined company could be more attractive to strategic partners and investors. Of course, the actual impact of the merger on shareholder value will depend on a number of factors, including the terms of the merger and the execution of the integration plan. However, the potential benefits of the merger are significant, and it is worth considering if you are a shareholder of either PICORP or CYPARK.
New Areas to be Covered in the Annual Assessment > Performance of the Board and Senior Management on Environmental, Social and Governance perspectives of the Group’s business > Conflict of interest of Directors, including statement by the Board on its stance regarding the re-appointment of retiring Directors • Method of Assessment, Including the Criteria and Questions to be Used
It is possible that the share price of Progressive Impact Corporation Berhad (PICORP) could fly high anytime. However, it is important to note that the stock market is volatile and there is no guarantee that any stock will go up in price.
There are a few factors that could contribute to a rise in PICORP's share price. First, the company is well-positioned to benefit from the growing demand for environmental solutions. PICORP provides a range of services, including waste management, water treatment, and environmental consulting. As governments and businesses around the world become more focused on sustainability, the demand for these services is expected to grow.
Second, PICORP has a strong track record of profitability. The company has been consistently profitable in recent years and has a healthy balance sheet. This financial strength could make it an attractive investment for investors.
Third, PICORP is expanding its operations into new markets. The company recently acquired a waste management company in Indonesia and is looking to expand into other Southeast Asian countries. This expansion could help PICORP to grow its revenue and earnings, which could also boost its share price.
There are many reasons why listed companies might want to appoint Ernst & Young (EY) as their external auditor. Here are some of the most common reasons:
EY is one of the Big Four accounting firms. The Big Four are the largest and most respected accounting firms in the world. EY has a long history of providing high-quality auditing services to listed companies. EY has a global network of offices. This means that EY can provide auditing services to listed companies in all major markets around the world. EY has a strong reputation for independence. EY is committed to independence and objectivity in its auditing work. This is important to listed companies, as they need to be confident that their financial statements are being audited by an independent party. EY has a team of experienced auditors. EY has a team of experienced auditors who are experts in the auditing of listed companies. This means that EY can provide the level of expertise and service that listed companies need. EY is a cost-effective option. EY is a cost-effective option for listed companies, as it offers a range of auditing services at competitive prices. In addition to these reasons, listed companies may also appoint EY as their external auditor because of the firm's:
Strong track record of innovation. EY is constantly innovating in the field of auditing, and this helps it to provide the best possible services to its clients. Commitment to sustainability. EY is committed to sustainability, and this is reflected in its auditing work. EY helps its clients to improve their sustainability performance, and this can benefit both the companies and the environment. Overall, there are many reasons why listed companies might want to appoint EY as their external auditor. The firm offers a range of benefits that can help listed companies to improve their financial reporting and governance practices.
Compound interest works best with investment which offer high rates of returns. Fixed deposit earns 4% compund interest/year as compared with investing in stock market. Let’s take a look at the example below.
Stocks Vs Property Vs Fixed Deposits
Result matters
The KLCI has been showing consistent growth for several years and benefiting Malaysian investors.
Beat inflation
Prices go up every year by 3% to 4%, so your investment must grow faster. Asset classes like Stocks can provide higher returns on your investment than the inflation rate.
Own a piece of established business than building one yourself
Compare the effort of building an enterprise on your own versus buying a piece of an existing established company. Relatively, it is many times easier to buy a share of a great company listed in Bursa Malaysia.
The freedom to work at your own place
You can do buy and sell transaction at home. You can find reports and announcements on the Internet. All these information is sufficient to let you conduct analysis and research to find the companies that is worth investing your money.
Convenience at fingertips
As most brokers operate online trading platforms, you can access the market at anytime in any place with an internet connection through your personal computer or smartphone
TOP 10 Investors (As of Latest Filing) INVESTOR NAME % O/S POSITION (M Shares) POSITION CHG (M) VALUE(M USD) FILING DATE FILING SOURCE Zaiyadal Keluarga Sdn. Bhd. 46.18 303.89 -6.05 6.55 22-Mar-2023 Other Substantial/Declarable Bank of Singapore Limited 8.21 54.00 0.00 1.16 22-Mar-2023 Other Substantial/Declarable Zaid bin Abdullah 6.82 44.88 -3.50 0.97 22-Mar-2023 Malaysia Insider Kal-Yadaiin Sdn. Bhd. 4.38 28.81 0.00 0.62 22-Mar-2023 Other Substantial/Declarable Zaidah binti Mohd Salleh 1.33 8.77 0.00 0.19 22-Mar-2023 Malaysia Insider Ab Ghaus bin Ismail 0.92 6.08 0.00 0.13 22-Mar-2023 Other Substantial/Declarable Abdul Aziz bin Nik Sulaiman 0.66 4.32 0.00 0.09 22-Mar-2023 Other Substantial/Declarable Yue (Guan Sheng) 0.61 4.00 4.00 0.09 22-Mar-2023 Other Substantial/Declarable IVT 0.54 3.56 3.56 0.08 22-Mar-2023 Other Substantial/Declarable Lee (Hong Peng) 0.45 2.99 2.99 0.06 22-Mar-2023 Other Substantial/Declarable TOP 10 Investors (As of Latest Filing) Zaiyadal Keluarga Sdn. Bhd. Bank of Singapore Limited Zaid bin Abdullah Kal-Yadaiin Sdn. Bhd. Zaidah binti Mohd Salleh Ab Ghaus bin Ismail Abdul Aziz bin Nik Sulaiman Yue (Guan Sheng) IVT Lee (Hong Peng)
Last Close 0.08 (MYR) 2023 August 22 MALAYSIA Exchange Avg Daily Vol 965,380 52-Week High 0.35 Trailing PE -- Annual Div -- Market Cap 49M 52-Week Low 0.06 Forward PE -- Dividend Yield 4.0% Annual Rev 88M Inst Own 8.2%
BUSINESS SUMMARY Progressive Impact Corporation Berhad is an investment holding company. The principal activities of the Company are that of investment holding, property investment and the provision of management and administrative services to its subsidiaries. The Company's segments include environmental monitoring, consultancy and services, and lab testing services. The environmental monitoring, consultancy and services segment includes the provision of environmental related services in air, water, wastewater, and public health. The lab testing services segment includes the provision of environmental and food testing and analysis services. Its core businesses include environmental monitoring, analytical testing services, wastewater treatment and solution, and environmental data management and GIS. It provides its services to various governmental bodies as well as to the private sectors, which are involved in the energy, food manufacturing, and industrial and manufacturing sectors, among others.
Current Ratio 1.1 For interim period ending 2023-03 Debt-to-Capital 0.5% For annual period ending 2022-12 Interest Funding 32.7% For interim period ending 2023-03 Interest Coverage 2.9 For interim period ending 2023-03 Oper. Cash Yield 270.7% For latest 12 months ending --
Of the 37 firms within the Prof. & Commercial Svcs. industry group, Progressive Impact Corp is among 18 companies that pay a dividend. The stock's dividend yield is currently 4.0%.
HIGHLIGHTS - Progressive Impact Corp currently has a Relative Valuation Rating of 9 which is significantly above the FTSE BURSA MALAYSIA COMPOSITE index average rating of 4.5. - PICORP's 0.6 Price to Sales multiple is currently at the low end of its 5-year range (lowest 0.5 to highest 2.4).
- In the short term, PICORP has shown low correlation (>= -0.1 and < 0.2) with the FTSE BURSA MALAYSIA COMPOSITE index. The stock has, however, shown high correlation (>= 0.4) with the market in the long term. - Over the last 90 days, PICORP shares have been more volatile than the overall market. The stock's daily price fluctuations have exceeded that of all FTSE BURSA MALAYSIA COMPOSITE index firms.
PICORP FBM KLCI Close Price (2023-08-22) 0.08 1,452 52-Week High 0.35 1,512 52-Week Low 0.06 1,373 - The Price Momentum Rating for Progressive Impact Corp is at its 3-year low of 1. - On 2023-08-22, PICORP closed at 0.08, 78.6% below its 52- week high and 25.0% above its 52-week low. - The FTSE BURSA MALAYSIA COMPOSITE index is currently 4.0% below its 52-week high and 5.7% above its 52-week low.
it is possible that the company is being considered by potential acquirers. Here are some reasons why PICORP might be a target for a merger or acquisition:
The company has valuable assets, such as intellectual property or real estate. The company is operating in a growing industry. This could make it an attractive target for a company that is looking to expand its market share. The company has a strong management team. This could make it an attractive target for a company that is looking to improve its own management team. If PICORP is indeed a target for a merger or acquisition, it is likely that the company's shareholders will be offered a premium for their shares. This could be a good opportunity for shareholders to sell their shares and realize a profit.
KUALA LUMPUR: Progressive Impact Corp Bhd's (Picorp) net profit for the second quarter (2Q) ended June 30, 2009 rose 21.6% year-on-year (y-o-y) to RM2.58 million or 39 sen a share from RM2.14 million. Revenue rose 8.5% to RM17.2 million compared with RM15.85 million a year earlier, mainly contributed by the increase in sales in the company's operations in Saudi Arabia.
Picorp has declared an interim dividend of 0.55 sen per share (less 25% tax) for the quarter under review.
Progressive Impact Corporation Berhad, an investment holding company, provides environmental consulting, monitoring, monitoring equipment and systems integration, environmental data management and laboratory testing services, and wastewater treatment solutions in Malaysia, Indonesia, and Saudi Arabia.
Price-To-Sales vs Industry: PICORP is good value based on its Price-To-Sales Ratio (0.5x) compared to the MY Commercial Services industry average (1.4x).
Share Price vs Fair Value What is the Fair Price of PICORP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders Top 25 shareholders own 74.43% of the company Zaiyadal Keluarga Sdn Bhd 46.37% Bank of Singapore Limited, Asset Management Arm 8.24% Zaid Bin Abdullah 6.85% Kal-Yadaiin Sdn Bhd 4.4% Zaidah Binti Mohd Salleh 1.41% UBS Asset Management AG 0.69% Nik bin Nik Sulaiman 0.66% Guan Sheng Yue 0.61% JF Apex Securities Berhad, Asset management arm 0.54% Hong Peng Lee 0.46% Boon Chai Ooi 0.41% Tain Guan Khaw 0.39% JPMorgan Chase & Co, Brokerage and Securities Investments 0.36% Yik Chou Khoo 0.31% Tong Wee Lim 0.31% Yung Yung Khaw 0.29% Jen Tong Tee 0.28% Ahmad bin Abdullah 0.26% Swee Hing Yeu 0.25% Johar bin Yusof 0.23% Kiew Moi Chong 0.23% Chai Syuen Chew 0.23% Kim Choong Wong 0.22% Mohammed Bin Mahmud 0.22% Bee Lan Teh 0.22%
Zaid Bin Abdullah 6.85% Role Vice Chairman Founder & Executive Deputy Chairman Shares 44,880,600 Value RM3.1m Change % 0% Portfolio % 0% Last Reported 22 Mar 23
Zaidah Binti Mohd Salleh 1.41% Role Member of the Board of Directors Company Secretary & Non-Independent Non-Executive Director Shares 9,240,700 Value RM646.9k Change % 0% Portfolio % 0% Last Reported 22 Mar 23
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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Progressive Impact Corporation Berhad (PICORP) is a Malaysian environmental services company that has been in operation for over 20 years. The company has a strong track record of growth and profitability, and is well-positioned to fly higher in the future.
Here are some of the reasons why PICORP could fly higher:
Growing demand for environmental services: The demand for environmental services is growing due to increasing awareness of environmental issues and the need to protect the environment. This trend is expected to continue in the coming years, providing PICORP with an opportunity to grow its business.
Expansion into new markets: PICORP is currently focused on the Malaysian market, but it has plans to expand into new markets in the region. This could help the company to grow its revenue and profits.
Investment in innovation: PICORP is investing in innovation to develop new products and services that meet the needs of its customers. This could help the company to stay ahead of the competition and gain market share.
Strong management team: PICORP has a strong management team with a proven track record of success. This team is committed to growing the company and making it a leader in the environmental services industry.
In addition to these factors, PICORP is also benefiting from the following trends:
The increasing focus on sustainability: Businesses and governments are increasingly focused on sustainability, which is creating new opportunities for environmental services companies like PICORP.
The growth of the green economy: The green economy is growing rapidly, and this is creating new markets for environmental services.
The increasing regulatory requirements: Governments are introducing stricter regulations to protect the environment, which is creating new demand for environmental services.
Overall, there are a number of reasons to believe that PICORP could fly higher in the future. The company is well-positioned to capitalize on the growing demand for environmental services, and is also benefiting from a number of favorable trends.
Here are some specific goals that PICORP could set to help it fly higher:
Increase its market share in the Malaysian market.
Expand into new markets in the region.
Develop new products and services that meet the needs of its customers.
Stay ahead of the competition by investing in innovation.
Build a strong brand reputation as a leader in the environmental services industry.
If PICORP can achieve these goals, it is well-positioned to become a major player in the environmental services industry.