Posted by Good123 > 2023-10-04 11:52 | Report Abuse

Progressive Impact Corp Bhd (Picorp) is buying Mérieux NutriSciences Malaysia Sdn Bhd (MNSB), which provides chemical, microbiological and environmental related analytical testing and consultancy services for the food industry, for RM7.95 million. US-based Merieux Nutrisciences Corp has a 51% shareholding in MNSB while Texchem Resources Bhd owns the remaining 49%. Picorp said its 59%-owned subsidiary ALS Technichem (Malaysia) Sdn Bhd (ALSM) has entered into a shares sale agreement with Merieux Nutrisciences Corp and Texchem for the acquisition. Australian Laboratory Services Pty Ltd owns another 40% stake in ALSM while ALSM director Zaid Abdullah holds 1%.

Posted by Good123 > 2023-10-04 12:19 | Report Abuse

Selling by cash trapped retailers almost finish, 8-10sen, total value ~RM500K je :)

Best Sell
Position

Price

Volume

Orders

1

0.08

807,600

18

2

0.085

3,193,100

33

3

0.095

907,500

7

4

0.10

809,400

10

Posted by Good123 > 2023-10-04 14:40 | Report Abuse

I don't think most people realise that our growth rate in the first quarter of 2023 (Q1 2023) is well above the average pre-Covid level. Overall, 2023 gross domestic product (GDP) growth will probably come in between four per cent and five per cent, even if the global environment does not improve.

"The strong growth in employment and wages gives households the income they need to spend more

Posted by Good123 > 2023-10-04 15:31 | Report Abuse

sudden surge with impetus like Q3, 2023 results is superb to be announced next month, big project from oil companies like petronas, aramco, and many more. New project given by the govt and other PLCs or MNCs...

M& A like BPLants, etc...

Be an investor in picorp...

Posted by Good123 > 2023-10-04 15:44 | Report Abuse

bank of spore might increase its stake or find investors to take over, etc... we never know

PICORP Top Shareholders
Total Shares (Quantity)
496.04M
Total Shares (%)
75.72%

Name % Shares Position
Change Value Record Date
ZAIYADAL SDN BHD 46.37 303,893,622 -6,050,000 24.31M 23 Mar 23
BANK OF SINGAPORE LIMITED 8.24 54,004,900 - 4.32M 23 Mar 23
ZAID BIN ABDULLAH 6.85 44,875,100 -3,500,000 3.59M 23 Mar 23
KAL -YADAIIN SDN BHD 4.40 28,813,078 - 2.31M 23 Mar 23
ZAIDAH BINTI MOHD SALLEH 1.34 8,759,400 - 701K 23 Mar 23

Posted by Good123 > 2023-10-04 16:24 | Report Abuse

Looking ahead
With the recent launch of the National Energy Transition Roadmap (Part 1) as well as the Hydrogen Roadmap and National Carbon Policy in the latter half of 2023, the Malaysian government has demonstrated a firm commitment towards meeting its targets to achieve net-zero carbon emissions by 2050. Carbon pricing instruments can complement other low-carbon policies, such as renewables and energy efficiency initiatives, by subsidising investment in low-carbon energy development. The federal government has indicated that it is currently considering different types of carbon pricing mechanisms that would be suitable for Malaysia. Such developments are likely to propel the domestic popularity of carbon credits and offsets, which will undoubtedly play an important role in Malaysia’s energy transition. As regulatory developments in this area continue to evolve at a rapid pace, it is crucial for market participants to seek the appropriate advice to avoid claims of greenwashing.

Mark Lim and Faez Abdul Razak are partners in the Finance & Projects practice group at Wong and Partners, a member firm of Baker McKenzie International

Posted by Good123 > 2023-10-04 16:26 | Report Abuse

KUALA LUMPUR: Malaysia’s refined fuel consumption is projected to grow at a much slower pace than anticipated over the next 10 years, averaging at around 1.5 per cent through 2023 to 2032.

BMI, a unit of Fitch Solutions, said although an improving economy together with ongoing fuel subsidies was contributing to a recovery in fuel consumption, fuel demand faces downside pressures from high global oil prices and energy transition initiatives.

It forecast Malaysia's real gross domestic product (GDP) growth would register at 4.2 per cent in 2023 and further improve to 4.42 per cent in 2024.

"The near-term outlook for fuel consumption points to the upside, but the pace of demand growth could slow down in the long term as the government plans to implement policies aiming to cut fuel subsidies and accelerate energy transition initiatives," BMI said in its outlook for Malaysia's energy transition report today.

It noted that the government’s ongoing subsidies now have become a critical issue against the backdrop of elevated global oil and gas prices, putting significant pressure on the government to cover rising costs.

"Though the government has not announced drastic measures to cut subsidies, we can expect a complete reduction in fuel subsidies for high-income groups. Such policy moves could constrain oil demand growth going forward because car ownership tends to be higher amongst high-income households.

"We expect the government’s move to cut fuel subsidies will be met with resistance from industries, especially manufacturing entities which rely heavily on subsidies for industrial production.

"However, we expect the government will continue to keep fuel subsidies for public transportation services to keep transportation costs down," BMI said.

EV penetration rate

BMI estimates demand for electric vehicles (EVs) in Malaysia would far outstrip that of internal combustion engine cars within the 2023-2032 forecast period.

Total EV sales are projected to quadruple in 2023, although the country’s EV penetration rate (EV sales as a percentage of total vehicle sales) will stay at just 1.8 per cent.

However, BMI said the pace of growth in the electrification of the transport industry would face challenges related to the lack of affordable EV models and the slow expansion of charging infrastructure.

"Though the Malaysian government postponed the implementation of the B20 biodiesel programme in 2022, it indicates in its National Energy Transition Roadmap (NETR) that it will establish a B30 mandate for land transport by 2030," it added.

BMI said that given the country’s abundant feedstock of palm oils, biodiesel offers significant opportunities to diversify away from traditional fossil fuels. Unlike biodiesel, Malaysia currently does not promote ethanol for blending with gasoline.

Malaysia has become relatively self-sufficient in refined fuel supply since two greenfield refineries were commissioned between 2021 and 2022. BMI said the refining industry continues to operate at higher utilisation rates to accommodate export opportunities and reduce dependence on imports.

"Against the backdrop of export-oriented the Refinery and Petrochemical Integrated Development (RAPID) and Tanjung Bin refineries operated by Petronas and Vitol, the analysis of fuel trade data indicates Malaysia is emerging as a significant two-way fuel trading country exporting and importing large volumes of refined fuels since 2021," it added. - Bernama

Posted by Good123 > 2023-10-04 16:41 | Report Abuse

Many big projects in picorp's major markets

https://www.bloomberg.com/news/articles/2023-09-30/saudi-arabia-projects-a-21-billion-deficit-in-2024

Posted by TCH1186 > 2023-10-04 17:48 | Report Abuse

ive been away for 2m yet this scammer still alive. walao gg now 8c dy hahahah. rubbish talk liao

Posted by Good123 > 2023-10-04 23:28 | Report Abuse

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ACQUISITION OF 100% EQUITY INTEREST IN MERIEUX NUTRISCIENCES MALAYSIA SDN BHD BY ALS TECHNICHEM (M) SDN BHD
Amended Announcements
Please refer to the earlier announcement reference number: GA1-27092023-00017

PROGRESSIVE IMPACT CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description ACQUISITION OF 100% EQUITY INTEREST IN MERIEUX NUTRISCIENCES MALAYSIA SDN BHD BY ALS TECHNICHEM (M) SDN BHD
Please refer to the attachment for the details of the announcement.




Please refer attachment below.

Attachments
PICORP - Acquisition of Merieux Nutrisciences Malaysia Sdn Bhd.pdf
166.2 kB

Announcement Info
Company Name PROGRESSIVE IMPACT CORPORATION BERHAD
Stock Name PICORP
Date Announced 04 Oct 2023
Category General Announcement for PLC
Reference Number GA1-04102023-00031

Posted by Good123 > 2023-10-05 08:57 | Report Abuse

https://www.thestar.com.my/business/business-news/2023/10/05/budget-forecast-to-shore-up-ringgit-showing

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

7201 PICORP PROGRESSIVE IMPACT CORPORATION
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) (Amended)
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
ACQUISITION OF 100% EQUITY INTEREST IN MERIEUX NUTRISCIENCES MALAYSIA SDN BHD
BY ALS TECHNICHEM (M) SDN BHD
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

04/10/2023 07:00 AM


Ref Code: 202310043000207

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

dah mau memecut anytime... just stay cool & calm...

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

Retailers Yg mau jual pun dah hampir selesai... masa untuk mengumpul dari retailers miskin yg mau tunai kini je... :)

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

Price Target
A price target is an analyst's projection of a share's future price.

Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.

Last Price

0.08

Avg Target Price

0.28

Upside/Downside

+0.20 (250.00%)

https://klse.i3investor.com/web/stock/analysis-price-target/7201

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

belian dengan ganas dah mau tiba.. just stay cool... enjoy later... okey :)

https://klse.i3investor.com/web/stock/analysis-price-target/7201

Posted by Good123 > 2023-10-05 09:13 | Report Abuse

at undervalued price @8sen dengan market cap RM53juta, easy for takeover... a small amount for foreigners only due to the weakened value of RM :)

Posted by Good123 > 2023-10-05 09:38 | Report Abuse

many activities recently... more2come :)

Latest Announcement

Wednesday, 4 Oct 2023
6:01PM
PICORP TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) (Amended)
Friday, 29 Sep 2023
1:22PM
PICORP TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
Monday, 28 Aug 2023
5:37PM
PICORP 1H net profit 1.672 million
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 > 2023-10-05 09:41 | Report Abuse

8sen to 10sen, total values@RM500K... ikan bilis jualbeli je... tunggu dan sabar ya

Posted by Good123 > 2023-10-05 11:16 | Report Abuse

NTA 0.0800
P/B 1.00
RPS 13.75
PSR 0.58
Market Cap 52.6M
Shares (mil) 658.00


8sen to 10sen, total shares available for sale ~RM500K only vs market cap ~RM53mil.... haha ~0.9%

Posted by Good123 > 2023-10-05 13:57 | Report Abuse

Uptrend otw

https://www.bloomberg.com/news/articles/2023-10-05/citi-raises-china-gdp-forecast-saying-economy-has-bottomed-out

Posted by Good123 > 2023-10-05 13:59 | Report Abuse

Balik 20 to 30sen++ anytime

On Monday, Miti launched the I-ESG Framework, with the aim of accelerating the country's progress towards achieving sustainable development goals, and facilitating the transition towards sustainable practices among manufacturing companies.

The framework is a key enabler of the push towards the net-zero mission, aligning with Malaysia's commitment to reducing greenhouse gases by 45% by 2030, and achieving carbon neutrality (net zero emissions) by 2050.

The framework consists of four pillars, namely standards, financing, capacity building, and market mechanisms. These components are supported by six key enablers, namely stakeholder engagement, human capital and capabilities, digitalisation, technology, financing and incentives, as well as policies and regulations.

Edited BySurin Murugiah

Posted by Good123 > 2023-10-05 17:52 | Report Abuse

https://www.ft.com/content/56cd8f3d-acf6-4898-9895-bdb15da43f07

Posted by Good123 > 2023-10-05 17:54 | Report Abuse

KUALA LUMPUR (Oct 5): Bursa Malaysia Bhd has launched the national voluntary carbon market (VCM) handbook to guide local professionals and stakeholders in generating carbon credits that adhere to international standards recognised by the Bursa Carbon Exchange.

Bursa Malaysia chief executive officer Datuk Muhamad Umar Swift said as Malaysia shifts towards becoming a lower carbon economy, the VCM handbook is a relevant guide designed to assist entities keen on participating in carbon market project development and Malaysia’s voluntary carbon market.

He said the handbook defines the roles and functions of key entities in Malaysia’s carbon market operations, serving as a reference point for market players.

“With the increasing prominence on carbon offsets and carbon markets globally, it is imperative that Malaysia acts on the nation’s untapped potential by developing its VCM ecosystem and implementing high-quality carbon projects.

“This VCM handbook is a critical step in ensuring Malaysia’s VCM can truly support the country’s net zero journey,” he said at the inaugural Malaysia Carbon Market Forum 2023 here on Thursday, in conjunction with the International Greentech & Eco Products Exhibition and Conference Malaysia.

The VCM handbook is a collaborative effort between Bursa Malaysia and the Malaysian Green Technology and Climate Change Corporation (MGTC), which was initiated through a memorandum of collaboration signed on Feb 20, 2023.

The VCM handbook was developed in consultation with the Ministry of Natural Resources, Environment and Climate Change (NRECC) and various ecosystem participants.

Muhammad Umar also shared that one of Malaysia’s nature-based projects, the Kuamut Rainforest Conservation Project in Sabah, is nearing its first issuance.

“Soon enough, (it is hoped that) our carbon ‘supermarket shelves’ will be stocked with Malaysian products,” he said.

Pursuant to the above, NRECC minister Nik Nazmi Nik Ahmad said Bursa Malaysia is getting ready to auction carbon credits from the Kuamut Rainforest Conservation Project.

The auction date will be announced once Verra, the world’s leading standards setter for climate action and sustainable development, has issued Kuamut’s carbon credits.

“This project is commendable, as it is being verified for a triple gold labelling under Verra’s co-benefit standard of climate, community and biodiversity,” he said.

Nik Nazmi also said the government needs nature-based solutions (NbS), which can provide up to 30% of the mitigation required by 2030 to keep the 1.5°C target in reach.

He noted that the VCM would help mobilise public sector finance towards NbS, particularly in the Global South where it is most urgently needed.

He said many state governments have reached out to his ministry for alignment of carbon policies for forest carbon assets, and the NRECC is doing its best to ensure that these discussions take place.

“I wish to also reiterate that our National Carbon Policy is expected to be ready for implementation this year. It will provide, among other things, guidance on carbon trading at the state level,” he said.

Posted by Good123 > 2023-10-05 20:51 | Report Abuse

“urgent sale” or “desperate seller”, be cool ya, nanti menyesal :)

Posted by Good123 > 2023-10-05 21:07 | Report Abuse

ESG world, everywhere;)

For India, circular economy has the potential to be upwards of $45 Billion by 2030 and the private sector stands to gain a first-mover advantage to secure green investments for applying circular economy in their operations. And on the other side, corporates in India today faces growing regulator, investor, and consumer pressures of adopting pro-climate practices both domestically and internationally, observes BCG India Managing Director Anirban Mukherjee and Project Leader Tania Banerjee.

Posted by Good123 > 2023-10-05 21:15 | Report Abuse

What’s the social cost of greenhouse gas?
The social cost of greenhouse gases represents the damage created by emitting 1 metric ton of carbon dioxide, methane and other greenhouse gases into the atmosphere.

These greenhouse gases, largely from fossil fuels, trap heat in the atmosphere, warming the planet and fueling climate change. The result is worsening storms, heat waves, droughts and other disasters that harm humans, infrastructure and economies around the world. The estimate is intended to include changes in agricultural productivity, human health, property damage from increased flood risk, and the value of ecosystem services.

By directing agencies to consider those costs when making purchases and implementing budgets, the administration is making it more likely that agencies will purchase products and make investments that are more energy efficient and less likely to fuel climate change.

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

https://www.nst.com.my/news/nation/2023/10/963361/malaysia-set-lead-regional-energy-transition-and-renewable-energy

Posted by Good123 > 2023-10-06 07:32 | Report Abuse

More jobs for picorp nowadays.

And currently... Our currency performance is better than Japan Yuan... So it is a good time for them to invest into Malaysia... As in the year end... Our ringgit is expecting to do better as the European need petroleum for energy during winter time

Posted by Good123 > 2023-10-06 07:36 | Report Abuse

Petronas chief executive Tengku Muhammad Taufik believes the company needs to make tough decisions, which are bound by rationality and practical solutions, as it steps up for decarbonising its systems for the future, while committing to energy security.


‘One person leaving does not change the strategy’: Interim BP chief firm in first public appearance since Bernard Looney departed
Read more
Taufik was speaking at a high-level chief executive panel at the ADIPEC conference in Abu Dhabi, where top executives were deliberating on “actions for a net-zero world”.

Posted by Good123 > 2023-10-06 07:39 | Report Abuse

https://www.euractiv.com/section/emissions-trading-scheme/news/eu-carbon-price-to-hit-e400-mark-with-90-climate-goal-analysts/

Posted by Good123 > 2023-10-06 09:40 | Report Abuse

harga lelong 7.5sen kini...

Posted by Good123 > 2023-10-06 09:41 | Report Abuse

3mil shares++ transacted nice

Posted by Good123 > 2023-10-06 09:43 | Report Abuse

cepat2 syer 7,5sen dah mau habis

Posted by Good123 > 2023-10-06 09:51 | Report Abuse

kawan2 jualbeli sebelum melambung... pay attention ya :)

Posted by Good123 > 2023-10-06 10:37 | Report Abuse

Back to 8sen dah...

Posted by Good123 > 2023-10-06 14:52 | Report Abuse

BaguslAh... mau takeover picorp, lagi best ;)

NEOM - Perdana Menteri, Datuk Seri Anwar Ibrahim menerima panggilan telefon daripada Putera Mahkota Arab Saudi, Mohammed bin Salman bin Abdulaziz Al-Saud pada Khamis (5 Oktober) dan mereka menyemak hubungan dua hala yang istimewa, termasuk peluang pembangunan kedua-dua negara.

"Selain itu, beberapa isu yang menjadi kepentingan bersama telah dibincangkan.

Posted by Ravicristal > 2023-10-06 15:52 | Report Abuse

Berapa lama mau lonjak da, tunggu punya tunggu tidak lonjak lebih pada .8.5 da..
Boo kanan ,boo kiri pon tak nampak lonjak da..kasi pening kita saja

Posted by Good123 > 2023-10-06 16:01 | Report Abuse

SYER KAWAN SEDANG NAIK, PERGI TENGOK YA... USAH SENTUH OPCOM, IRIS, POLITICALLY LINKED.

Posted by Good123 > 2023-10-06 16:06 | Report Abuse

Picorp simpan je, dah mau terbang

https://www.sinarharian.com.my/article/282797/berita/nasional/anwar-terima-panggilan-telefon-daripada-putera-mahkota-arab-saudi

Posted by Ravicristal > 2023-10-06 16:33 | Report Abuse

Sudah lama simpan. Sampai sudah habuk..bila mau naik.
Bro...sakit jiwa

Posted by Good123 > 2023-10-06 16:38 | Report Abuse

SABAR JE.... NAMPAK ASTRO JATUH GILA, MANAKALA SYKT MAKANAN MACAM KAWAN KIAN PULIH DARI 1.65 HINGGA 1.81 KINI ... HAHA PICORP JUGA AKAN PULIH

Posted by Good123 > 2023-10-06 17:03 | Report Abuse

Mantap, tutup pd 8sen. :)

Posted by Good123 > 2023-10-06 20:10 | Report Abuse

Picorp boleh cover uae dari Saudi ;)

https://www.bharian.com.my/bisnes/lain-lain/2023/10/1161418/malaysia-jangka-peluang-pelaburan-luas-bersama-uae

Posted by Good123 > 2023-10-06 20:11 | Report Abuse

Picorp boleh cover uae dari Saudi ;)

https://www.bharian.com.my/bisnes/lain-lain/2023/10/1161418/malaysia-jangka-peluang-pelaburan-luas-bersama-uae

Posted by Good123 > 2023-10-06 20:53 | Report Abuse

Picorp boleh do Biz dari Saudi:)

https://www.freemalaysiatoday.com/category/business/2023/10/06/malaysia-uae-to-boost-cooperation-in-sustainable-energy/

Posted by Good123 > 2023-10-07 15:23 | Report Abuse

https://www.thestar.com.my/news/nation/2023/10/07/uae-to-invest-rm406bil-in-msia

Posted by Good123 > 2023-10-08 09:28 | Report Abuse

www.archdaily.com/1007751/worlds-tallest-skyscraper-resumes-construction-after-a-5-year-hiatus-in-jeddah-saudi-arabia

Posted by Good123 > 2023-10-08 09:29 | Report Abuse

https://www.archdaily.com/1007751/worlds-tallest-skyscraper-resumes-construction-after-a-5-year-hiatus-in-jeddah-saudi-arabia

Posted by Good123 > 2023-10-09 14:24 | Report Abuse

https://www.freemalaysiatoday.com/category/business/2023/10/09/foreign-investments-to-spur-buying-interest-in-bursa/