Posted by U1818 > 2022-11-30 09:02 | Report Abuse

The loss before and after tax in current quarter were mainly due to one-off fair value adjustment on Assets
Held for Sale (as stated in Note A21) amounting to RM109.5 million, as a result of writing down the carrying
amount to their fair value less costs to sell, pursuant to MFRS 5.
Excluding the one-off fair value adjustment above, the Group recorded PBT and PAT for the quarter at
RM10.8 million and RM8.0 million respectively. The PAT margin for the quarter under review was 6%, this
represents a significant improvement compared to LAT margin of 8% of immediate preceding quarter.

Posted by U1818 > 2022-11-30 09:21 | Report Abuse

Don't worry ;D

Posted by Jackpot888 > 2022-11-30 15:27 | Report Abuse

revenue drop significantly.. the gain was from currency exchange..

Posted by U1818 > 2022-12-06 15:37 | Report Abuse

股价 0.335. 突破了0.33。
看来横盘结束了，上升趋势开始了。

Posted by fhis > 2022-12-09 11:24 | Report Abuse

Finally breakout decisively, more to come hopefully...

Posted by fhis > 2022-12-09 15:42 | Report Abuse

solid buying at 0.34-0.345...hopefully can close above 0.36 today...

Posted by U1818 > 2022-12-13 10:56 | Report Abuse

Steady 0.350 ;D

Posted by U1818 > 2022-12-13 16:22 | Report Abuse

Subject to the completion of the Proposed Disposal and DPL Distribution as well as approval by
our Board, it is the intention of our Company to distribute approximately USD4.23 million,
equivalent to approximately RM18.80 million, to our Company’s shareholders via a special
dividend. For illustration purposes, the distribution of RM18.80 million by our Company translates
into RM0.02 per Share based on the existing issued 984,555,371 PIB Shares (excluding 7,666,100
treasury shares held by our Company) as at the LPD.

Posted by U1818 > 2022-12-13 16:23 | Report Abuse

Pestech will give special dividend RM0.02 after the completion of the disposal ;D

Posted by U1818 > 2022-12-13 16:32 | Report Abuse

In addition, the proceeds from the Proposed Disposal will allow our Group to repay or settle the bank
borrowings and liabilities which were incurred by DPL for the Project as well as part of our Group’s other
bank borrowings. This will strengthen the financial position of our Group with its net gearing expected to
decrease from 1.29 times as at 30 June 2022 (audited) to 0.88 times and cash and short-term deposits
estimated to increase significantly from RM168.98 million as at 30 June 2022 (audited) to approximately
RM438.87 million as detailed in Section 6.1 of this Circular.

Posted by Tigerchan > 2022-12-26 23:03 | Report Abuse

Can buy or not. Very quiet counter. No new devalopment.

Posted by fhis > 2 months ago | Report Abuse

Time for pestech to shine..

Posted by alenac > 2 months ago | Report Abuse

Lim Ah Hock & Son?

SHAH ALAM: Two company directors claimed trial at the Sessions Court, here, for abetting an individual to embezzle close to RM11 million in funds from several companies.

Lim Ah Hock, 71, and Lim Pay Chuan, 53, both pleaded not guilty when the charges were read out to them, separately, before Sessions Court judge Rozilah Salleh, today.

Ah Hock was accused of partaking and abetting G. Paismanathan in cheating Chin Yit Wah to pay RM530,000 to Siaz Holding Bhd using Colas Rail System Engineering Sdn Bhd's funds for some non-existent engineering consultation works that included interface works with KVMRT PDP and MRT Corp.

He was accused of committing the offence at Pestech Technology Sdn Bhd's office located in Ara Damansara, Petaling Jaya, Selangor on Nov 16, 2017.

https://www.nst.com.my/news/crime-courts/2023/01/873976/two-company-directors-claim-trial-abetment-over-rm11-embezzlement

Posted by BursaVulture > 1 month ago | Report Abuse

Fake accounting fake projects like Serba?

Posted by wkkht > 1 month ago | Report Abuse

Pestech主席与董事经理 证实遭反贪会控告
31 Jan, 2023 20:16pm - 1 day ago Nanyang

Posted by mkmike > 1 month ago | Report Abuse

"Fake accounting fake projects like Serba?"

Kenanga Research raises target price for Serba Dinamik to RM2.75 months before the counter went downhill. - Dated December 04, 2020

Posted by nicholas99 > 1 month ago | Report Abuse

0.05 stocks otw.

Posted by Blue Tulip > 1 month ago | Report Abuse

How come this counter has no circuit breaker after dropping so much?

Posted by nicholas99 > 1 month ago | Report Abuse

let people run ma. if stop trading macam serbadk gg more.

u no sell, later don't cry mother cry father.

Posted by MichelleNg > 1 month ago | Report Abuse

Waseh...huge losses and cases.... No wonder gap down.

Posted by stncws > 1 month ago | Report Abuse

ah hock and son..

Posted by wehcant > 1 month ago | Report Abuse

Knee jerk reaction. Coming earnings seem improving. Perhaps can buy the DIP now.

Posted by Karlos > 1 month ago | Report Abuse

Surprised why only today some people start selling whilst the news about the two execs were already known publicly since last week at the least?

Posted by BursaVulture > 1 month ago | Report Abuse

@Blue Tulip

What is drop so much?
For RM1 and above, max is 30% up or down
For RM1 and below, max is 30 cents up or down

Consider drop very little.

Posted by Weechichi > 1 month ago | Report Abuse

In order to hit Circuit breaker. It needs to hit 0.01, which is a drop of 30 sens from the last close.

Posted by U1818 > 1 month ago | Report Abuse

Anyone know who is Chin Yit Wah ? TQ.

Posted by winetime > 1 month ago | Report Abuse

Getting interesting after Revenue

Posted by stainlyho37 > 1 month ago | Report Abuse

watch out..selling pressure eased...

Posted by Weechichi > 1 month ago | Report Abuse

Opportunity to realize whatever residual you may have. Beware. Cheers.

Posted by StockSniperKing > 1 month ago | Report Abuse

getting more worst now.

Posted by U1818 > 1 month ago | Report Abuse

Seem like Pestech is still alive ;D

Posted by Alan > 1 month ago | Report Abuse

Up trending now. Let's see

Posted by Eric Lim > 1 month ago | Report Abuse

lansai , up 1.5 sen is uptrend ?

Posted by U1818 > 1 month ago | Report Abuse

Masuk balik ICU. Hmmmm ...

Posted by Blue Tulip > 1 month ago | Report Abuse

Pestech is like a headless chicken now, running around aimlessly. Chairman and MD are still in MACC custody?

Posted by U1818 > 1 month ago | Report Abuse

Sad... huhu

Posted by nicholas99 > 1 month ago | Report Abuse

chairman and MD in macc jail ke?.. haha.

Posted by U1818 > 1 month ago | Report Abuse

Seem like salted fish becomes alive.....

Posted by jes21 > 1 month ago | Report Abuse

The Edge wrote lengthy piece about Pestech this week. Key points:
- placement exercise cancelled for now, relying on internal funds
-business as usual; board not taking action against the key execs until the court decides
- company still tendering for projects; track record speaks for itself (order book at RM1.4 billion)
- charges are for allegedly abetting the misappropriation of funds and not corruption

According to Pestech, the chairman and ceo “strenuously” denied all allegations. The company said
“They will defend and clear themselves of the said charges and allegations in court, as both individuals have represented that neither of them had benefited from the payments."

Posted by U1818 > 1 month ago | Report Abuse

Salted fish becomes alive +12% (0.280) .....this time real one ;D

Posted by GoldenCoin23 > 1 month ago | Report Abuse

Alamak... salted fish started swimming...

Posted by afata08 > 1 month ago | Report Abuse

Wow..next TP 0.29..somtin coming?

Posted by joni > 1 month ago | Report Abuse

woh yesterday very impressive 30sen boleh ?

Posted by U1818 > 1 month ago | Report Abuse

https://www.theedgemarkets.com/node/654996

February 21, 2023

Pestech: Priority is to regain confidence of all stakeholders

“The company is still tendering for projects. We have a RM1.4 billion order book of ongoing projects and we will tender in Papua New Guinea, Iraq, the Philippines and Singapore. In Singapore, our bids are for rail-related works while two are for the transmission of power lines,” says the spokesperson.

Posted by jes21 > 1 month ago | Report Abuse

https://focusmalaysia.my/business-as-usual-at-pestech-prospects-remain-sound-despite-court-case/

Business as usual at Pestech; prospects remain sound despite court case
By FocusM

THE business prospects of Pestech International Bhd, an integrated electrical power technology firm, remain intact despite its share price having taken a tumble since late last month after two of its top executives were charged for allegedly abetting the misappropriation of fund related to a wholly owned subsidiary.

A spokesman said Pestech has at least RM1.4 bil in order book with plans afoot for the company to tender for projects in several regional countries including Singapore, the Philippines and Papua New Guinea.

“The company has built its track record as a rail electrification company by undertaking transmission lines and railway works,” the spokesman told FocusM on condition of anonymity given its pending court case.

“Locally, its projects include the Rapid Transit System Link (Malaysia-Singapore), Southern Double Track (Gemas- Johor Bahru) and the Aerotrain project at the KLIA (Kuala Lumpur International Airport).

Although both its executive chairman Lim Ah Hock and managing director-cum-group CEO Lim Pay Chuan were charged at Shah Alam Sessions Court on Jan 27, the duo have denied all allegations and claimed trial in respect of the charges against them.

As per Pestech’s Bursa Malaysia filing, both Ah Hock and Pay Chuan were accused of abetting the misappropriation of Pestech Technology Sdn Bhd’s assets with regard to four payments amounting to RM10.6 mil.

The principal charge was against Pestech Technology’s CEO G. Paismanathan who was charged in November 2022 with four counts of misappropriating company assets worth RM10.6 mil.

“Both Ah Hock and Pay Chuan have strenuously denied and claimed trial in respect of all the charges and allegations against them. They will defend and clear themselves of the said charges and allegations in court as both individuals have represented that neither of them had benefitted from the payments,” Pestech’s stock exchange filing pointed out.

“(Moreover), both directors have provided comprehensive explanations to the company’s board which after due consideration, decided and concurred unanimously that it is not necessary to take any action against them until the court decides otherwise.”

Notwithstanding the company’s sound prospects, Pestech has decided to put on hold its private placement exercise “due to conditions being not conducive”.

“Instead, the company will be using internal funds, boosted by the proceeds from the sale of one of its assets in Cambodia for net proceeds of about RM200 mil,” explained its spokesman.

“Pestech’s main priority at the moment is to regain investor confidence and fulfil its project pipeline. It will continue to bid for projects and expand its project portfolio internationally.”

At 3.42pm, Pestech was down 1 sen or 13.77% to 25.5 sen with 3.45 million shares traded which thus valued the company at RM253 mil. – Feb 21, 2023

Posted by ykloh > 1 month ago | Report Abuse

remember serba dinamik !

Posted by U1818 > 1 month ago | Report Abuse

Salted fish is back in action (0.275, +10%) Go Go Go...

Posted by joni > 1 month ago | Report Abuse

good counter got many on going projects

Posted by drken91 > 3 weeks ago | Report Abuse

the next Cypark,
monitor hehe ^^

Posted by joilintai > 7 hours ago | Report Abuse

https://www.thestar.com.my/news/nation/2023/03/29/mrt-construction-company-director-charged-with-corruption-money-laundering