Posted by Good123 > 2023-09-01 11:30 | Report Abuse

it would be repeated. stay calm :)

Audited Result For Year Ended 31.12.2019 (RM thousand)
Revenue 99,506
PBT 14,697
PATMI 7,649
Net dividend per share (sen) 0.55
EPS (sen)* 0.30

Posted by Good123 > 2023-09-01 11:31 | Report Abuse

RIYADH, 29 April – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), South East Asia’s leading
Asset Management and Infrastructure Solutions company has entered into a Memorandum of Business
Exploration (“MoBE”) with Asma Advanced Solutions LLC (“Asma Advanced”) to identify strategies to
capture healthcare support services and integrated facility management markets in Saudi Arabia.
Asma Advanced is jointly-owned by Progressive Impact Corporation Berhad (“PICORP”) and a Saudi
Closed Joint Stock Company, Trade House Group Company (“THG”).
The MoBE will pave the way for future collaborations to explore and identify potential opportunities with
a view to commercially craft
viable business ventures in
Saudi Arabia. Present during the
signing today was Syahrunizam
Samsudin, Managing
Director/Chief Executive Officer
of UEM Edgenta and Sheikh
Abdulwahab bin Nasser Al-Akeel,
Chairman of Asma Advanced.
The ceremony was witnessed by
YB Dato’ Seri Mohamed Azmin
Bin Ali, Senior Minister of
International Trade & Industry
Malaysia (“MITI”).
Through the strategic partnership, the two parties will conduct joint discussions over the next eight
months and leverage on the strengths of all parties to exp lore business opportunities.
“This marks more opportunities for us to further diversify our revenue stream as we explore new markets
in Saudi Arabia. We are excited with the prospects as we gear up towards post-pandemic recovery
through our deep and varied Healthcare Support experiences. We are confident our partnership with
Asma Advanced will propel further growth in our regional expansion strategy as we move towards
realising our vision ‘Edgenta of the Future 2025’,” said Syahrunizam after the ceremony.

Posted by Good123 > 2023-09-01 11:31 | Report Abuse

About ASMA Advanced Solutions LLC
Asma Advanced Solutions LLC (“Asma Advanced”) is a joint venture company between Progressive
Impact Corporation Berhad (“PICORP”) and Trade House Group Company (“THG”). PICORP is listed on
the Main Market of Bursa Malaysia Securities Berhad (KLSE:PICORP) and is Malaysia’s premier group in
the provision of environmental solutions whilst THG is a Saudi Closed Joint Stock Company established
in the year 1976 and fully owned by Al-Akeel family, a diversified group operating in various sectors
namely operation &maintenance, water &sewerage, IT &telecommunication, construction and trading.
Asma Advanced was established in Saudi Arabia in 2017. Its strength lies within the over 30 years’
experience possessed by its shareholders.

Posted by Good123 > 2023-09-01 11:33 | Report Abuse

SHAH ALAM, 15 July – Alam Sekitar Malaysia Sdn Bhd (ASMA), a wholly-owned subsidiary of
Progressive Impact Corporation Berhad (PICORP) Group of Companies, has entered into a
Memorandum of Understanding (MoU) with Cenergi SEA Berhad (Cenergi), a subsidiary of Khazanah
Nasional Berhad to further expand their partnership advocating for sustainable environmental and
water recovery solutions.
This collaboration will see ASMA tapping
into the sustainability business through
Cenergi and its group of companies’
strength as a premier sustainable energy
solutions company specializing in
reducing carbon emissions through
investment in Renewable Energy and
Energy Efficiency projects. As the largest
grid-connected palm oil mill effluent
(POME) biogas power plant developer in
Malaysia, with 21 biogas projects
secured, Cenergi’s portfolio spread
across South East Asia with a total
generation capacity of 37.4MW. Its solar
assets, comprising 18 projects of both
ground-mounted and rooftop solar,
contribute 35 MWp to its portfolio.
MyHERO™, an innovative, tertiary treatment system solution for POME developed by ASMA was the
onset of its engagement with Cenergi earlier this year. Apart from sustainable energy, Cenergi is
exploring sustainable solutions for water recovery from wastewater not only in the palm oil mill industry
but in other industries as well. The strategic collaboration with ASMA, being the technology provider,
will leverage each other’s strengths and accelerate the sustainable water recovery initiative in Malaysia.
ASMA’s vast experience in providing total environmental solutions for more than 25 years including the
nationwide provision of ambient air and river water quality monitoring for the Department of
Environment (DOE) Malaysia from 1995-2017 will be a competitive advantage to complement Cenergi’s
offerings in the sustainable industries.

Posted by Good123 > 2023-09-01 11:34 | Report Abuse

About Alam Sekitar Malaysia Sdn Bhd
Alam Sekitar Malaysia Sdn Bhd (ASMA), a wholly-owned subsidiary of Progressive Impact Corporation
Berhad (PICORP), is a total environmental solutions provider with more than 25 years of experience in
environmental monitoring, consultancy and services, water and industrial wastewater treatment, and
environmental digitalization and training including the nationwide provision of ambient air and river
water quality monitoring for the Department of Environment (DOE) Malaysia from 1995-2017. ASMA
was credited with the installation and management of 50 continuous ambient air quality monitoring
stations (CAQM) and 15 continuous river water quality monitoring stations (CWQM) including
managing more than 930 manual water quality monitoring stations located throughout the nation. Now,
ASMA has evolved and diversified its products and services ranges to respond to market needs and
requirements. To learn more about ASMA, visit www.enviromalaysia.com.my

Posted by Good123 > 2023-09-01 11:35 | Report Abuse

Company : PROGRESSIVE IMPACT CORPORATION BERHAD (“PICORP” OR “THE
COMPANY”)
Subject : ACCEPTANCE OF THE LETTER OF AWARD FROM MAKKAH MUNICIPALITY FOR
THE PROVISION OF PEST CONTROL MONITORING SERVICES IN MAKKAH BY
SAUDI ASMA ENVIRONMENTAL SOLUTIONS LLC., A WHOLLY-OWNED
SUBSIDIARY OF THE COMPANY
1. INTRODUCTION
Pursuant to Paragraph 9.03 of the Main Market Listing Requirements of Bursa Malaysia Securities
Berhad, the Board of Directors of PICORP wishes to announce that its wholly-owned subsidiary, Saudi
ASMA Environmental Solutions LLC. (“SAUDI ASMA”), had on 1 June 2021, accepted a Letter of Award
from Makkah Municipality (“MM”) for the provision of pest control monitoring services in Makkah,
Kingdom of Saudi Arabia (“the Award”).
2. DETAILS AND SALIENT POINTS OF THE AWARD
Pursuant to the Award, the total value of the contract sum is SAR25,320,856.49 (equivalent to
RM27,877,731.26) only (“the Contract Sum”).
Unless otherwise extended or terminated pursuant to the terms of the contract to be entered into
between SAUDI ASMA and MM, the contract shall be for a duration of a period of approximately fortynine (49) months commencing from the date of receiving the project site or upon any such date as
specified by MM. Pursuant to the Award, SAUDI ASMA’s obligations under the contract shall involve
the recruitment of manpower, procurement of vehicles, equipment, insurance and the provision of pest
control monitoring services in Makkah.
SAUDI ASMA shall be required to submit a performance bond (5%) of the total value of the Contract
Sum which shall valid for the entire project period within ten (10) days from the Letter of Award dated
1 June 2021.
The Contract Sum is based on the quality and quantity of the works as set out in the bills of quantities
as provided in the tender document.
3. INFORMATION ON SAUDI ASMA
SAUDI ASMA is a private limited company incorporated under the laws of Kingdom of Saudi Arabia in
2007. SAUDI ASMA is engaged in the provision of public health and environmental management
services.
The directors and shareholders of Saudi ASMA are as below:-
Directors
1. Zaid bin Abdullah
2. Zaidah binti Mohd Salleh
3. Dato’ Dr Lukman bin Ibrahim
4. Johar bin Yusof
5. Nadzrah Hashim
Shareholders
Name No. of shares held % of shareholding
PICORP 5,100 51.00
Asma International SdnBhd – a wholly
owned subsidiary of PICORP
4,900 49.00
Total 10,000 100.00

Posted by Good123 > 2023-09-01 11:39 | Report Abuse

24 July 2022
Saudi Asma Environmental Solutions LLC ranked No 1 as a certified pest control company in Saudi Arabia by the Ministry of Municipal and Rural Affairs, surpassing other Pest Control companies in Saudi Arabia namely Rentokil, Al Fahad, etc.

Posted by Good123 > 2023-09-01 11:40 | Report Abuse

Saudi Arabia needs pest control services for the following reasons:

Warm climate: Saudi Arabia has a hot and dry climate, which is ideal for the breeding and growth of pests. The average temperature in the country ranges from 21 to 42 degrees Celsius, with high humidity levels. This provides a perfect environment for pests such as cockroaches, ants, termites, and bed bugs to thrive.
Proximity to desert: Saudi Arabia is located in the Arabian Peninsula, which is surrounded by desert. This means that there is a constant influx of pests from the desert, such as scorpions, snakes, and rodents.
Importation of goods: Saudi Arabia imports a lot of goods from other countries. This can also lead to the introduction of pests into the country, as pests can hitch a ride on imported goods.
Poor sanitation: In some parts of Saudi Arabia, sanitation is not up to par. This can create conditions that are favorable for the growth of pests.
Traditional building materials: Many houses in Saudi Arabia are made from traditional materials, such as mudbrick and wood. These materials can be easily damaged by pests, making it easier for them to enter and infest homes.
Pests can cause a variety of problems, including:

Damage to property: Pests can damage food, furniture, and other belongings. They can also contaminate food, making it unsafe to eat.
Health problems: Pests can carry diseases that can be transmitted to humans. For example, cockroaches can carry salmonella, which can cause food poisoning.
Allergic reactions: Some people are allergic to pests, and their bites can cause itching, swelling, and other symptoms.
Psychological stress: Pest infestations can be a source of stress and anxiety. They can also make it difficult to sleep and concentrate.
For all of these reasons, it is important to have pest control services in Saudi Arabia. These services can help to keep pests under control and prevent them from causing damage or spreading diseases.

Posted by Good123 > 2023-09-01 11:41 | Report Abuse

ASMA-Cenergi MOU signing Ceremony to Foster Sustainable Environmental & Water Recovery Solutions

Posted by Good123 > 2023-09-01 11:42 | Report Abuse

after accumulating many cheap shares, anytime, picorp to surge nonstop again..

Posted by Good123 > 2023-09-01 11:44 | Report Abuse

Ordinary Resolution 4
Description To re-appoint Messrs Ernst & Young PLT as Auditors of the Company and authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 222 90
No. of Shares 392,802,267 65,339
% of Voted Shares 99.9834 0.0166
Result Accepted

Posted by Good123 > 2023-09-01 11:44 | Report Abuse

Ordinary Resolution 7
Description Proposed renewal of shareholders' mandate to purchase its own ordinary shares of up to 10% of the total number of issued shares in the company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 226 84
No. of Shares 392,713,751 59,855
% of Voted Shares 99.9848 0.0152
Result Accepted

Posted by Good123 > 2023-09-01 11:45 | Report Abuse

dont know, maybe, place out 10% to saudi prince :)

Ordinary Resolution 8
Description Authority to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act 2016 and Waiver of Pre-Emptive Rights pursuant to Section 85 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 218 93
No. of Shares 392,748,167 105,439
% of Voted Shares 99.9732 0.0268
Result Accepted

Posted by Good123 > 2023-09-01 11:46 | Report Abuse

ALS Technichem Malaysia Sdn Bhd (ALS Malaysia) was awarded IKM
Laboratory Excellence Platinum Award for 20 consecutive years of IKM Laboratory Excellence Award
achievement. In addition to that, ALS laboratories in Malaysia also won the IKM Laboratory Excellence
Award (2020 & 2021) - ALS Shah Alam, ALS Johor Bahru and Asiatest Lab (Kota Kinabalu branch).

Posted by Good123 > 2023-09-01 11:49 | Report Abuse

Acceptance Of The Letter Of Award From Makkah Municipality For The Provision Of Pest Control Monitoring Services In Makkah By Saudi Asma Environmental Solutions LLC

Posted by Good123 > 2023-09-01 11:52 | Report Abuse

Another great rally could start anytime... keep some for a windfall :)

Date

Price

Open

High

Low

Vol.

Change %
09/01/2023 0.070 0.070 0.070 0.070 0.00%
08/01/2023 0.070 0.075 0.085 0.070 226.70K -6.67%
07/01/2023 0.075 0.075 0.085 0.060 41.77M +7.14%
06/01/2023 0.070 0.085 0.090 0.070 60.43M -17.65%
05/01/2023 0.085 0.100 0.110 0.085 86.04M -15.00%
04/01/2023 0.100 0.095 0.110 0.090 91.56M +5.26%
03/01/2023 0.095 0.335 0.340 0.090 439.19M -71.64%
02/01/2023 0.335 0.280 0.350 0.270 349.99M +19.64%
01/01/2023 0.280 0.260 0.295 0.230 365.37M +7.69%
12/01/2022 0.260 0.200 0.260 0.200 369.10M +30.00%
11/01/2022 0.200 0.150 0.205 0.145 328.82M +37.93%
10/01/2022 0.145 0.085 0.150 0.080 106.46M +70.59%

Posted by Good123 > 2023-09-01 11:55 | Report Abuse

The pest control market size in Saudi Arabia is expected to reach $1.6 billion by 2027. The market is growing at a CAGR of 10.2% from 2022 to 2027.

The growth of the pest control market in Saudi Arabia is being driven by the following factors:

Growing urbanization: The population of Saudi Arabia is growing rapidly, and the majority of this growth is taking place in urban areas. This is leading to an increase in the number of homes and businesses, which are potential targets for pests.
Warm climate: Saudi Arabia has a hot and dry climate, which is ideal for the breeding and growth of pests.
Importation of goods: Saudi Arabia imports a lot of goods from other countries. This can also lead to the introduction of pests into the country, as pests can hitch a ride on imported goods.
Growing awareness about the importance of pest control: People are becoming more aware of the importance of pest control and the risks that pests pose to their health and property. This is leading to an increase in demand for pest control services.
The pest control market in Saudi Arabia is segmented by type of pest, application, and end-user.

By type of pest, the market is segmented into:

Rodents: Rodents are the most common type of pest in Saudi Arabia. They can cause damage to property, spread diseases, and contaminate food.
Insects: Insects are another common type of pest in Saudi Arabia. They can also cause damage to property and spread diseases.
Others: This segment includes pests such as spiders, scorpions, and snakes.
By application, the market is segmented into:

Residential: The residential segment is the largest segment of the pest control market in Saudi Arabia. This is due to the growing number of homes in the country.
Commercial: The commercial segment is the second largest segment of the pest control market in Saudi Arabia. This is due to the increasing number of businesses in the country.
Industrial: The industrial segment is the third largest segment of the pest control market in Saudi Arabia. This is due to the need to protect industrial equipment and products from pests.
By end-user, the market is segmented into:

Government: The government is a major end-user of pest control services. This is due to the need to protect government buildings and facilities from pests.
Private sector: The private sector is the largest end-user of pest control services. This is due to the need to protect businesses and homes from pests.
Others: This segment includes end-users such as schools, hospitals, and hotels.

Posted by Good123 > 2023-09-01 11:58 | Report Abuse

The lab testing market for food in Saudi Arabia is growing bigger due to the following reasons:

Growing demand for safe and high-quality food: The Saudi Arabian government is investing heavily in the food safety sector, which is leading to an increase in the demand for lab testing services to ensure the safety and quality of food.
Rising awareness about the importance of food safety: People are becoming more aware of the importance of food safety, which is leading to an increase in the demand for lab testing services.
Advances in technology: Advances in technology are leading to the development of new and more accurate lab testing methods for food. This is also driving the demand for lab testing services.
Increased imports of food: Saudi Arabia imports a significant amount of food, which increases the risk of foodborne illness. This is leading to an increase in the demand for lab testing services to ensure the safety of imported food.
Globalization of the food supply chain: The food supply chain in Saudi Arabia is becoming increasingly globalized, which increases the risk of foodborne illness. This is leading to an increase in the demand for lab testing services to ensure the safety of food from all over the world.
The lab testing market for food in Saudi Arabia is segmented by type of test, food type, and end-user.

By type of test, the market is segmented into:

Microbiology: Microbiology tests are used to identify and quantify microorganisms in food.
Chemical: Chemical tests are used to identify and quantify chemicals in food.
Physical: Physical tests are used to measure the physical properties of food, such as its weight, volume, and temperature.
Sensory: Sensory tests are used to evaluate the taste, smell, and appearance of food.
By food type, the market is segmented into:

Fresh produce: Fresh produce is the largest segment of the lab testing market for food in Saudi Arabia. This is due to the high risk of foodborne illness from fresh produce.
Processed food: Processed food is another major segment of the lab testing market for food in Saudi Arabia. This is due to the increasing demand for processed food and the risk of foodborne illness from processed food.
Others: This segment includes other types of food, such as meat, dairy, and seafood.
By end-user, the market is segmented into:

Government agencies: Government agencies are the largest end-user of lab testing services for food in Saudi Arabia. This is due to the need to ensure the safety of food for the public.
Food manufacturers: Food manufacturers are another major end-user of lab testing services for food in Saudi Arabia. This is due to the need to ensure the safety of their products.
Retailers: Retailers are also a major end-user of lab testing services for food in Saudi Arabia. This is due to the need to ensure the safety of the food they sell.
Others: This segment includes other end-users, such as restaurants and hotels.

Posted by Good123 > 2023-09-01 12:01 | Report Abuse

The environment monitoring services in Saudi Arabia are getting bigger due to the following reasons:

Growing awareness about the importance of environmental protection: People are becoming more aware of the importance of environmental protection, which is leading to an increase in the demand for environmental monitoring services.
Government regulations: The Saudi Arabian government is implementing stricter environmental regulations, which is leading to an increase in the demand for environment monitoring services.
Increased industrialization: Saudi Arabia is undergoing rapid industrialization, which is leading to an increase in pollution and the demand for environment monitoring services.
Development of new technologies: Advances in technology are making it possible to monitor the environment more accurately and efficiently, which is leading to an increase in the demand for environment monitoring services.
Need to protect natural resources: Saudi Arabia is a desert country with limited natural resources, which is leading to an increase in the demand for environment monitoring services to protect these resources.
The environment monitoring market in Saudi Arabia is segmented by type of service, industry, and end-user.

By type of service, the market is segmented into:

Air quality monitoring: Air quality monitoring services are used to measure the levels of pollutants in the air.
Water quality monitoring: Water quality monitoring services are used to measure the levels of pollutants in water.
Soil quality monitoring: Soil quality monitoring services are used to measure the levels of pollutants in soil.
Noise monitoring: Noise monitoring services are used to measure the levels of noise pollution.
Radiation monitoring: Radiation monitoring services are used to measure the levels of radiation pollution.
By industry, the market is segmented into:

Oil and gas: The oil and gas industry is the largest end-user of environment monitoring services in Saudi Arabia. This is due to the need to monitor the environmental impact of oil and gas exploration and production activities.
Power: The power industry is another major end-user of environment monitoring services in Saudi Arabia. This is due to the need to monitor the environmental impact of power generation activities.
Manufacturing: The manufacturing industry is also a major end-user of environment monitoring services in Saudi Arabia. This is due to the need to monitor the environmental impact of manufacturing activities.
Construction: The construction industry is also a major end-user of environment monitoring services in Saudi Arabia. This is due to the need to monitor the environmental impact of construction activities.
Others: This segment includes other industries, such as mining, agriculture, and tourism.
By end-user, the market is segmented into:

Government agencies: Government agencies are the largest end-users of environment monitoring services in Saudi Arabia. This is due to the need to regulate and enforce environmental laws and regulations.
Industry: Industry is another major end-user of environment monitoring services in Saudi Arabia. This is due to the need to comply with environmental laws and regulations and to protect their operations from environmental damage.
Individuals and households: Individuals and households are also a major end-user of environment monitoring services in Saudi Arabia. This is due to the growing awareness about the importance of environmental protection and the desire to protect their health and property from environmental damage.

Posted by Good123 > 2023-09-01 12:02 | Report Abuse

The environment monitoring services in Saudi Arabia are getting bigger due to the following reasons:

Growing awareness about the importance of environmental protection: People are becoming more aware of the importance of environmental protection, which is leading to an increase in the demand for environment monitoring services.
Government regulations: The Saudi Arabian government is implementing stricter environmental regulations, which is leading to an increase in the demand for environment monitoring services.
Increased industrialization: Saudi Arabia is undergoing rapid industrialization, which is leading to an increase in pollution and the demand for environment monitoring services.
Development of new technologies: Advances in technology are making it possible to monitor the environment more accurately and efficiently, which is leading to an increase in the demand for environment monitoring services.
Need to protect natural resources: Saudi Arabia is a desert country with limited natural resources, which is leading to an increase in the demand for environment monitoring services to protect these resources.
The environment monitoring market in Saudi Arabia is segmented by type of service, industry, and end-user.

By type of service, the market is segmented into:

Air quality monitoring: Air quality monitoring services are used to measure the levels of pollutants in the air.
Water quality monitoring: Water quality monitoring services are used to measure the levels of pollutants in water.
Soil quality monitoring: Soil quality monitoring services are used to measure the levels of pollutants in soil.
Noise monitoring: Noise monitoring services are used to measure the levels of noise pollution.
Radiation monitoring: Radiation monitoring services are used to measure the levels of radiation pollution.
By industry, the market is segmented into:

Oil and gas: The oil and gas industry is the largest end-user of environment monitoring services in Saudi Arabia. This is due to the need to monitor the environmental impact of oil and gas exploration and production activities.
Power: The power industry is another major end-user of environment monitoring services in Saudi Arabia. This is due to the need to monitor the environmental impact of power generation activities.
Manufacturing: The manufacturing industry is also a major end-user of environment monitoring services in Saudi Arabia. This is due to the need to monitor the environmental impact of manufacturing activities.
Construction: The construction industry is also a major end-user of environment monitoring services in Saudi Arabia. This is due to the need to monitor the environmental impact of construction activities.
Others: This segment includes other industries, such as mining, agriculture, and tourism.
By end-user, the market is segmented into:

Government agencies: Government agencies are the largest end-user of environment monitoring services in Saudi Arabia. This is due to the need to regulate and enforce environmental laws and regulations.
Industry: Industry is another major end-user of environment monitoring services in Saudi Arabia. This is due to the need to comply with environmental laws and regulations and to protect their operations from environmental damage.
Individuals and households: Individuals and households are also a major end-user of environment monitoring services in Saudi Arabia. This is due to the growing awareness about the importance of environmental protection and the desire to protect their health and property from environmental damage.
The major players in the environment monitoring market in Saudi Arabia are:

Bureau Veritas: Bureau Veritas is a French multinational company that provides a wide range of environmental services.
SGS: SGS is a Swiss multinational company that provides a wide range of environmental services.
Intertek: Intertek is a British multinational company that provides a wide range of environmental services.
ALS Global: ALS Global is an Australian multinational company that provides a wide range of environmental services.
DNV GL: DNV GL is a Norwegian multinational company that provides a wide range of environmental services.
The environment monitoring market in Saudi Arabia is a growing market. The market is expected to grow at a CAGR of 7% from 2022 to 2027.

Posted by Good123 > 2023-09-01 12:12 | Report Abuse

7201 PICORPPROGRESSIVE IMPACT CORPORATION Detailed Status Active. Member of Indices Industrial Products & Services
ISINMYL7201OO006Stock ExchangeBMListed OnMain MarketSectorIndustrial Products & ServicesSub-SectorIndustrial ServicesCurrencyMYRShares Per Lot100Share Issued658.000mPar Value-Paid Up Cap0.000Market Cap46.060mEntitlement-SyariahYesShort Sell IndicatorNoDelivery BasisReady

Posted by Good123 > 2023-09-01 12:27 | Report Abuse

There are a few possible reasons why Progressive Impact Corporation Berhad (PICORP) shares may be undervalued.

The company is in a growing industry: PICORP is an environmental services company that provides a wide range of services, including air quality monitoring, water quality monitoring, and soil quality monitoring. The environmental services industry is growing rapidly due to increasing environmental awareness and regulations. This growth could lead to higher demand for PICORP's services and higher stock prices.
The company has a strong track record: PICORP has been in business for over 30 years and has a strong track record of providing quality services. The company has a good reputation with its customers and has won several awards for its work. This strong track record could make PICORP's shares more attractive to investors.
The company is expanding into new markets: PICORP is expanding its operations into new markets, such as Indonesia and Saudi Arabia. This expansion could lead to increased revenue and earnings for the company, which could also drive up the stock price.
The company is trading below its book value: Book value is the value of a company's assets minus its liabilities. PICORP is currently trading below its book value, which means that its shares are undervalued. This could be a good buying opportunity for investors.

Posted by Good123 > 2023-09-01 14:38 | Report Abuse

There are several reasons why environmental monitoring and testing services are growing. These include:

Increased government regulations: Governments around the world are increasingly regulating environmental pollution, which is driving the demand for environmental monitoring and testing services. For example, the European Union has a number of regulations governing air quality, water quality, and waste management. These regulations require businesses and organizations to monitor their environmental impact and to comply with strict emission limits.
Growing public awareness: People are becoming more aware of the importance of environmental protection, and they are demanding that businesses and governments take steps to reduce pollution. This is leading to increased demand for environmental monitoring and testing services, as businesses and organizations seek to demonstrate their commitment to environmental sustainability.
Advances in technology: New technologies are making it easier and more affordable to monitor and test environmental conditions. For example, remote sensing technologies can be used to monitor air quality and water quality over large areas. This is making it possible to collect more data about environmental conditions, which can help to improve our understanding of the impact of human activities on the environment.
Globalization: The global economy is becoming increasingly interconnected, which means that pollution can travel long distances. This is driving the need for international cooperation in environmental monitoring and testing. For example, the United Nations Environment Programme (UNEP) has a number of programs that promote international cooperation in environmental monitoring and assessment.
Overall, the growing demand for environmental monitoring and testing services is a reflection of the increasing importance of environmental protection. As businesses, governments, and individuals become more aware of the impact of human activities on the environment, there will be a continued need for these services.

In addition to the reasons mentioned above, there are a few other factors that are contributing to the growth of the environmental monitoring and testing market. These include:

The increasing number of climate change-related disasters, such as floods, droughts, and wildfires. These disasters can have a significant impact on the environment, and they require careful monitoring and assessment.
The rise of the green economy. Businesses and organizations are increasingly investing in sustainable practices, which requires them to monitor their environmental impact.
The growing importance of corporate social responsibility. Companies are under increasing pressure from shareholders, customers, and other stakeholders to be environmentally responsible. This is driving the demand for environmental monitoring and testing services that can help companies to demonstrate their commitment to sustainability.

Posted by Good123 > 2023-09-01 14:39 | Report Abuse

Yes, environmental monitoring and testing services are also important in Malaysia. Here are some of the reasons why:

Malaysia is a developing country with a growing population. This means that there is increasing demand for resources, such as energy and water, which can put a strain on the environment. Environmental monitoring and testing can help to identify and mitigate the impact of this development on the environment.
Malaysia is a tropical country with a diverse range of ecosystems. These ecosystems are essential for the country's biodiversity and for the provision of ecosystem services, such as water purification and climate regulation. Environmental monitoring and testing can help to protect these ecosystems and the services they provide.
Malaysia is located in a region that is prone to natural disasters, such as floods, droughts, and haze. Environmental monitoring and testing can help to assess the risk of these disasters and to develop mitigation strategies.
Malaysia is a signatory to a number of international environmental agreements, such as the United Nations Framework Convention on Climate Change. These agreements require Malaysia to monitor and report on its environmental performance. Environmental monitoring and testing can help Malaysia to meet its obligations under these agreements.
Malaysia is increasingly committed to environmental sustainability. The government has set a number of targets for reducing greenhouse gas emissions and for improving air and water quality. Environmental monitoring and testing can help Malaysia to achieve these targets.
Overall, environmental monitoring and testing services are essential for protecting the environment and for ensuring sustainable development in Malaysia.

In addition to the reasons mentioned above, there are a few other factors that make environmental monitoring and testing important in Malaysia. These include:

The country's rapid economic growth has led to increased pollution levels.
Malaysia is a major producer of palm oil, which is a major contributor to deforestation.
The country is also home to a number of important wildlife habitats, which are under threat from pollution and development.
Environmental monitoring and testing can help to address these challenges and to protect Malaysia's environment for future generations.

Posted by Good123 > 2023-09-01 14:41 | Report Abuse

Yes, environmental monitoring and testing services are also important in Indonesia. Here are some of the reasons why:

Indonesia is the world's fourth most populous country. This means that there is a high demand for resources, such as energy and water, which can put a strain on the environment. Environmental monitoring and testing can help to identify and mitigate the impact of this development on the environment.
Indonesia is a tropical country with a diverse range of ecosystems. These ecosystems are essential for the country's biodiversity and for the provision of ecosystem services, such as water purification and climate regulation. Environmental monitoring and testing can help to protect these ecosystems and the services they provide.
Indonesia is located in a region that is prone to natural disasters, such as floods, droughts, and earthquakes. Environmental monitoring and testing can help to assess the risk of these disasters and to develop mitigation strategies.
Indonesia is a signatory to a number of international environmental agreements, such as the United Nations Framework Convention on Climate Change. These agreements require Indonesia to monitor and report on its environmental performance. Environmental monitoring and testing can help Indonesia to meet its obligations under these agreements.
Indonesia is increasingly committed to environmental sustainability. The government has set a number of targets for reducing greenhouse gas emissions and for improving air and water quality. Environmental monitoring and testing can help Indonesia to achieve these targets.
Overall, environmental monitoring and testing services are essential for protecting the environment and for ensuring sustainable development in Indonesia.

In addition to the reasons mentioned above, there are a few other factors that make environmental monitoring and testing important in Indonesia. These include:

The country's rapid economic growth has led to increased pollution levels.
Indonesia is a major producer of palm oil, which is a major contributor to deforestation.
The country is also home to a number of important marine habitats, which are under threat from pollution and overfishing.
Environmental monitoring and testing can help to address these challenges and to protect Indonesia's environment for future generations.

Here are some specific examples of how environmental monitoring and testing are being used in Indonesia:

The government is using environmental monitoring data to assess the impact of climate change on the country's glaciers and forests.
Companies are using environmental monitoring data to improve their environmental performance.
Researchers are using environmental monitoring data to study the impact of pollution on human health.
Environmental NGOs are using environmental monitoring data to raise awareness about environmental issues.
Environmental monitoring and testing is an essential tool for protecting the environment and ensuring sustainable development in Indonesia. By collecting and analyzing data on environmental conditions, we can identify and address problems early on, before they cause irreversible damage. We can also use this data to develop and implement effective policies and regulations to protect the environment.

Posted by Good123 > 2023-09-01 14:42 | Report Abuse

Environmental monitoring and testing is considered a recession-proof business because it is essential for protecting the environment, regardless of the economic climate. Governments, businesses, and individuals all have a responsibility to protect the environment, and they will continue to need environmental monitoring and testing services even during a recession.

Here are some of the reasons why environmental monitoring and testing is a recession-proof business:

Government regulations: Governments around the world are increasingly regulating environmental pollution, which is driving the demand for environmental monitoring and testing services. For example, the European Union has a number of regulations governing air quality, water quality, and waste management. These regulations require businesses and organizations to monitor their environmental impact and to comply with strict emission limits.
Public awareness: People are becoming more aware of the importance of environmental protection, and they are demanding that businesses and governments take steps to reduce pollution. This is leading to increased demand for environmental monitoring and testing services, as businesses and organizations seek to demonstrate their commitment to environmental sustainability.
Advances in technology: New technologies are making it easier and more affordable to monitor and test environmental conditions. For example, remote sensing technologies can be used to monitor air quality and water quality over large areas. This is making it possible to collect more data about environmental conditions, which can help to improve our understanding of the impact of human activities on the environment.
Globalization: The global economy is becoming increasingly interconnected, which means that pollution can travel long distances. This is driving the need for international cooperation in environmental monitoring and testing. For example, the United Nations Environment Programme (UNEP) has a number of programs that promote international cooperation in environmental monitoring and assessment.
Overall, the growing demand for environmental monitoring and testing services is a reflection of the increasing importance of environmental protection. As businesses, governments, and individuals become more aware of the impact of human activities on the environment, there will be a continued need for these services.

In addition to the reasons mentioned above, there are a few other factors that make environmental monitoring and testing a recession-proof business. These include:

The need for compliance: Businesses and organizations need to comply with environmental regulations, even during a recession. This means that they will still need to monitor their environmental impact and to test for pollutants.
The need for risk assessment: Businesses and organizations need to assess the risk of environmental disasters, such as floods, droughts, and wildfires. This is especially important during a recession, when businesses may be more vulnerable to these disasters.
The need for research and development: Environmental monitoring and testing companies are constantly developing new technologies and methods for monitoring and testing environmental conditions. This research and development is essential for improving the accuracy and efficiency of environmental monitoring and testing services.
Overall, environmental monitoring and testing is a recession-proof business because it is essential for protecting the environment and ensuring sustainable development. The demand for these services is not likely to decline during a recession, and businesses that provide these services are well-positioned to weather economic downturns.

Posted by Good123 > 2023-09-01 15:26 | Report Abuse

https://www.thestar.com.my/aseanplus/aseanplus-news/2023/08/30/renewable-energy-in-south-east-asia-including-laos-to-deliver-us100bil-in-revenues

Posted by Good123 > 2023-09-01 16:12 | Report Abuse

Improving in stages.... 2nd half of 2023 should be much better :)


Monday, 28 Aug 2023
5:37PM
PICORP 1H net profit 1.672 million

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

Posted by Good123 > 2023-09-03 08:29 | Report Abuse

More potential for picorp

Posted by Good123 > 2023-09-03 08:29 | Report Abuse

Local communities should thus focus on projects that re-educate the younger generation on the underlying principles in waste management that eventually lead to the establishment of WTE plants. — Bloomberg

IN the face of urgency to shift towards sustainable practices, the recently proposed Sultan Idris Shah (SIS) waste-to-energy (WTE) Green Energy Plant in Rawang, Selangor, emerges as a crucial stride toward a responsible future.

In a world grappling with depleting landfill capacities and escalating environmental risks, this project holds immense significance that cannot be overlooked, especially as Malaysia celebrates its 66th Merdeka Anniversary.

Posted by Good123 > 2023-09-03 22:42 | Report Abuse

ESG

As a leading advocate for the adoption and integration of the environment, social and governance (ESG) agenda by businesses, MIA commends Budget 2023’s generous allocations for enabling sustainable transformation said Dr Wan Ahmad Rudirman. The salient measures to note in the Budget include:

BNM to provide a RM2 billion fund to support start-up companies in green technology and encourage SMEs to adopt low carbon practice.
Khazanah to provide RM150 million to encourage environmental-friendly projects, including supporting the carbon market and reforestation.
Improved implementation of Skim Pembiayaan Teknologi Hijau (GTFS) where the guaranteed value is increased to RM3 bilion until 2025.
A proposal to extend the Green Investment Tax Allowance (GITA) dan Green Income Tax Exemption (GITE) until 31 December 2025 by enhancing the period of encouragement from 3 to 5 years for eligible green activities.
RM30 million allocation to support more activities in relation to Sustainable Development Goals (SDG).

Posted by Good123 > 2023-09-04 08:47 | Report Abuse

SYDNEY: Asian shares inched higher on Monday as markets wagered the Federal Reserve was done raising U.S. interest rates, and on hopes the drip feed of policy stimulus from Beijing would be enough to stabilise the Chinese economy.

A holiday in the United States made for a slow start ahead of key readings on U.S. services and Chinese trade and inflation later in the week.

More policy action is also expected from Beijing, including relaxing restrictions on home buying.

There was relief that embattled property developer Country Garden won approval from its creditors to extend payments for an onshore private bond.

Posted by Good123 > 2023-09-04 10:23 | Report Abuse

KUALA LUMPUR: Sarawak is one key state in Malaysia where transitioning towards a low-carbon economy can mitigate climate change impact, foster economic growth, and promote social development.

Posted by Good123 > 2023-09-04 11:28 | Report Abuse

what's next for picorp? According to the latest shareholding data as of March 22, 2023, Bank of Singapore Limited, an asset management arm of Singapore’s largest bank DBS Bank, is the second largest shareholder of Progressive Impact Corporation Berhad (PICORP) with a 8.24% stake.

Posted by Good123 > 2023-09-04 15:13 | Report Abuse

After accumulating enough sufficient undervalued shares by certain investors from retailers, it would fly higher... need patience, stay calm

Posted by Good123 > 2023-09-04 15:20 | Report Abuse

Retailers terpaksa lepaskan syer murah kpd investor kaya kerana mau guna wang...

Cash is king

Posted by Good123 > 2023-09-04 15:58 | Report Abuse

many retailers chased the share till 35sen earlier this year... some were forced to sell by the banks probably... margin financing

Posted by Good123 > 2023-09-05 09:38 | Report Abuse

tren picorp, memang macam ni.... syer2 murah diserap in stages, lepas tu, naik dengan mengejut... sabar ya!

Posted by Good123 > 2023-09-05 10:01 | Report Abuse

Corporate restructuring continues remains active

Posted by Good123 > 2023-09-05 10:05 | Report Abuse

Bottom up driven strategy, invest in ESG related stocks now

Posted by Good123 > 2023-09-05 10:06 | Report Abuse

Ongoing recovery in many sectors, right timing now

Posted by Good123 > 2023-09-05 10:07 | Report Abuse

New msia govt, new policies, environmental issues surely becoming more n more important. Examples: waste mgmt & disposal, environmental cleansing, etc

Posted by Good123 > 2023-09-05 10:12 | Report Abuse

Investment from geely, aramco, tesla, infineon, etc would create more Biz opportunities for Biz like picorp

Posted by Good123 > 2023-09-05 10:16 | Report Abuse

Boosting the Biz like picorp...

Note:

The Malaysian Institute of Accountants (MIA) advocates for accountancy professionals to upskill on sustainability and ESG matters as well as climate-related measurement and reporting, to support Malaysia’s shift to sustainability

Posted by Good123 > 2023-09-05 11:06 | Report Abuse

Small caps boosted by Infra related sectors in Malaysia

Posted by Good123 > 2023-09-05 11:08 | Report Abuse

Appetite for msian equities, subsided political uncertainty, 2024 positive globally onwards, Malaysian bourse to return to the past glory

Posted by Good123 > 2023-09-05 11:09 | Report Abuse

Foreigners r back, local investors yet to be seen

Posted by Good123 > 2023-09-05 11:10 | Report Abuse

Econ growth Malaysia remains resilient aided by domestic consumption & investment growth

Posted by Good123 > 2023-09-05 11:10 | Report Abuse

Global demand recovery take effect in 2024/25, upside surprise for us

Posted by Good123 > 2023-09-05 11:11 | Report Abuse

Msian inflation n core inflation much lower than our developed peers