Posted by Agjl > 2023-07-24 23:17 | Report Abuse

But is ijm buying pestech have something to do with the revival of the HSR or the monorail or LRT in Penang?

Posted by Fear Trend > 2023-07-24 23:56 | Report Abuse

limit up tmr

Posted by Fej378 > 2023-07-25 09:36 | Report Abuse

what happened???

Posted by curiousq > 2023-07-25 09:38 | Report Abuse

sell on news

Posted by Agjl > 2023-07-25 10:35 | Report Abuse

Ijm bought a stake at 15.5 sen so current price considered expensive lor

Posted by Agjl > 2023-07-25 10:35 | Report Abuse

But nta 0.52 so SC may not approve the 15.5 sen take over

Posted by hornbill > 2023-07-25 10:37 | Report Abuse

MACC please investigate.

Posted by LubeTrader > 2023-07-25 10:46 | Report Abuse

I don't understand the hoo-haa at this point. SC may not approve the mandatory takeover exemption request and the deal may just fall through. I personally would want the deal to succeed. If IJM would look beyond the current liabilities of Pestech and have the gumption to just takeover the company, then it's largely a matter of the purchase price for the shareholders to consider.

Posted by speakup > 2023-07-25 11:12 | Report Abuse

Lu tak baca news ke? Ijm alrea6say not taking over Pestech, will maintain listing status

Posted by Noni > 2023-07-25 11:16 | Report Abuse

Why SC reject? Any other company willing to pay so much millions for it?

Posted by Faiza > 2023-07-25 11:19 | Report Abuse

great entry price at 15.5, existing minority felt cheated

Posted by Karlos > 2023-07-25 11:47 | Report Abuse

This huge issue of shares to a particular entity at ridiculously low price is very unfair to the minority shareholders. The new shares should be first offered to the current shareholders to take up such placement at that price instead of simply giving them to a selected entity or person.

Posted by LubeTrader > 2023-07-25 12:50 | Report Abuse

Speakup now or forever hold your peace. We wouldn't be here talking about this subject if we hadn't read the news. Betoi tak? Attacking another comment just to prove a point is so childish.

Posted by soon9913 > 2023-07-25 14:06 | Report Abuse

ijm buys at 0.155 got synergy to this counter to get more jobs for the co in future.... normally ppl wouldnt be able fork out rm120mil cash to support the co,. pls think positively.

Posted by soon9913 > 2023-07-25 14:17 | Report Abuse

https://klse.i3investor.com/web/blog/detail/ceomorningbrief/2023-07-18-story-h-245561162-Pestech_Execs_Discharged_and_Acquitted_of_Misappropriating_Subsidiary_8 any update on this case?

Posted by Karlos > 2023-07-25 14:31 | Report Abuse

The so called independent directors are there to protect the minority shareholders.

Posted by alivetoinvest > 2023-07-25 15:25 | Report Abuse

This week goreng to rm0.5 hehehe

Posted by alivetoinvest > 2023-07-25 15:27 | Report Abuse

EV industry will be huge and the next theme play on bursa..

its a win for pestech

Posted by LubeTrader > 2023-07-25 19:15 | Report Abuse

Yes. We got to think positively. This collaboration augurs well for both parties years down the road. A symbiotic relationship.

Posted by Lobaking > 2023-07-25 20:36 | Report Abuse

So basically, SC needs to approve the 0.15 purchase price and agree to ijm request & Pestech shareholders needs to approve the acquisition to. In case one of these does not happen the purchase will not take place? M i right? Anyone knows when pestech shareholders will meet?

Posted by speakup > 2023-07-25 20:45 | Report Abuse

@Lobaking, u are wrong. SC already approved the PP before IJM came into the picture. It is not the other way around.
And Pestech shareholders do not need to approve the acquisition by IJM

Posted by anisbin > 2023-07-26 11:21 | Report Abuse

29 sen...

Posted by Dehcomic01 > 2023-07-26 11:40 | Report Abuse

Over the past decade, IJM had an average ROE below 10%. In the mid 2010s, Pestech ROE was greater than 30% but this declined to be below 10% last year. So IJM acquired it when it returns were the same as that of IJM. The question now is that since the acquirer had difficulty getting more than 10% return, will Pestech returns see its glory days again.

Posted by nicky > 2023-07-26 11:57 | Report Abuse

Can go above RM0.30 today ??? go go go

Posted by LubeTrader > 2023-07-26 12:02 | Report Abuse

Technical rebound. Don't get caught in the crossfire.

Posted by nicky > 2023-07-26 15:55 | Report Abuse

Oh..no... back to 0.265 0.27

Posted by Tigerchan > 2023-07-28 00:27 | Report Abuse

With IJM in, is a matter of time it will return previous high

Posted by nicky > 2023-07-28 09:42 | Report Abuse

RM0.26/ 0.265 doesn't look good at all

Posted by anisbin > 2023-07-30 12:04 | Report Abuse

The Edge got front page news about Pestech...

Posted by joni > 2023-07-31 09:48 | Report Abuse

its a joke how IJM acquisition 15.5 sen was derived ?

Posted by anisbin > 2023-08-04 13:56 | Report Abuse

Finally sold...
Reach my TP...
Thank U Pestech...❤️

Posted by mf > 2023-08-08 11:00 | Report Abuse

take profit

Posted by hw0706 > 2023-08-09 08:35 | Report Abuse

already 30 sen. nothing to shout...

Posted by Lobaking > 2023-08-16 13:36 | Report Abuse

Any update on the sudden surge in the price early morning and then drop back again? There has been accumulation of Pestech in the past week or two.

Posted by BursaVulture > 2023-08-16 14:23 | Report Abuse

MAHB to terminate Pestech's RM743m aerotrain contract due to delay, say sources

https://theedgemalaysia.com/node/678875

Posted by Lobaking > 2023-08-16 14:45 | Report Abuse

Habislah then unless MAHB & Pestech say otherwise

Posted by Blue Tulip > 2023-08-16 18:00 | Report Abuse

The business model they implemented in collaboration with MAHB was destined for failure right from the start. Eventually, the unsustainable approach led to its downfall.

Posted by Tigerchan > 2023-08-16 18:37 | Report Abuse

Wait for drop till 195c then buy

Posted by speakup > 2023-08-16 21:16 | Report Abuse

https://theedgemalaysia.com/node/678922
dah confirm

Posted by MichelleNg > 2023-08-16 22:35 | Report Abuse

RIP...tomorrow another waterfall.

Posted by JackTan1217 > 2023-08-16 23:21 | Report Abuse

Hopeless company, run by crap management... Bankrupt soon la.. PN17 confirm... Bye

Posted by Moondarker > 2023-08-16 23:29 | Report Abuse

Who will replace pestech project?

Posted by EatCoconutCanWin > 2023-08-17 00:00 | Report Abuse

Small company can't do big projects

Posted by speakup > 2023-08-17 07:56 | Report Abuse

but Big company can do small projects :-)

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

Fair value RM0.15..... no wonder IJM bot so low price

Posted by joilintai > 2023-08-17 08:51 | Report Abuse

MAHB management should investigate why such critical project was awarded to a company with no proven track record in the first place, why no financial close affirmed by pestech upon commencement, why MAHB not coming in earlier for delay encountered etc etc..too many why's...country image at stake..#MACC

Posted by Noni > 2023-08-17 09:18 | Report Abuse

IJM is right to discount it low to 0.15

Posted by Superich > 2023-08-17 10:18 | Report Abuse

Strange, strong support since yesterday

Posted by anisbin > 2023-08-17 11:36 | Report Abuse

Pestech is going to sue... Unlawful termination of contract...

Posted by yappenghung > 2023-08-17 11:57 | Report Abuse

Going to sue or be sued.
Go read what was said!
Company is unable to keep to the milestone and is 222 days delayed