baguslah, nanti projek hartanah pasukhas dengan veteran angkatan tentera malaysia di jalan tun razak akan habis dengan laris :)
BUSINESS Dec 1, 2021 @ 12:46pm Tropicana's property sales soar 74pct to RM760mil in Q3 KUALA LUMPUR: Tropicana Corporation Bhd saw its property sales surged 73.8 per cent to RM760.6 million in the third quarter ended September 30 2021 (Q3 FY2021).
2020 Private Placement On 4 December 2020, Pasukhas completed the 2020 Private Placement, which involved the issuance of 268,757,000 Shares (representing 30% of the then existing issued Shares) via 3 tranches at issue prices of RM0.0637, RM0.0648 and RM0.0623. The 2020 Private Placement raised total proceeds of RM17.08 million. The said proceeds have been utilised as follows: Utilisation of proceeds Actual proceeds raised Actual utilisation up to the LPD Balance unutilised Estimated timeframe for utilisation from completion of the 2020 (RM’000) (RM’000) (RM’000) Private Placement Repayment of borrowings 1,930 1,930 - Within 12 months Development of the Yayasan Project 14,808 (1)12,630 2,178 Within 24 months Estimated expenses 340 340 - Immediate Total 17,078 14,900 2,178 Note: (1) The Group has obtained the development order from Dewan Bandaraya Kuala Lumpur (“DBKL”) on 8 December 2020 and still in the midst of preparing a building plan for submission to DBKL as at the LPD. The Group has commenced the design work and has utilised the proceeds mainly for land cost, payment of authority fees, consultancy fees and payment for raw material.
2021 Rights Issue with Warrants On 21 July 2021, Pasukhas completed the 2021 Rights Issue with Warrants, which involved the issuance of 991,989,752 new Shares (“Rights Shares”) at an issue price of RM0.10 per Rights Share together with 578,660,588 Warrants A. The 2021 Rights Issue with Warrants raised total proceeds of RM99.20 million. The said proceeds have been utilised as follows: Utilisation of proceeds Actual proceeds raised Actual utilisation up to the LPD Balance unutilised Estimated timeframe for utilisation from completion of the 2021 Rights Issue (RM’000) (RM’000) (RM’000) with Warrants Development of the Yayasan Project 66,683 - (1)66,683 Within 24 months Financing of the Factory Project 31,816 21,709 10,107 Within 12 months Estimated expenses 700 700 - Immediate Total 99,199 22,409 76,790 Note: (1) This amount will be utilised once the 2020 Private Placement proceeds earmarked for Development of the Yayasan Project has been fully utilised. The proceeds are expected to be utilised for amongst others, piling works, structural works and professional fees (i.e. architect, engineers and quantity surveyors). SECTION 3 – UTILISATION OF PROCEEDS (i) Part finance the FASB Project On 9 November 2020, Pasukhas Sdn Bhd (a wholly-owned subsidiary of the Company) had accepted a letter of award from FASB Famous Ambience Sdn Bhd (a subsidiary of Focus Dynamics Group Berhad) to construct the basement and ground floor of the FASB Project (as defined in Appendix I of the Initial Announcement) (“Phase 1”) with the contract value of RM17.5 million and the gross development cost of RM15.9 million. As at the LPD, approximately 70% of the basement and ground floor has been completed. On 15 September 2021, Pasukhas Sdn Bhd accepted a letter of award from FASB to construct the first floor and second floor of the FASB Project (“Phase 2”) with the contract value of RM77.0 million and the gross development cost of RM72.5 million.
In recent years, the Group has undertaken several initiatives to improve its financial condition. This entailed, amongst others, the diversification of the Group’s business into the property development business, power generation business, energy utilities services and the Sand Mining Business as set out below: (i) In On 9 June 2017, the Group diversified into the property development business following the execution of entered into a joint venture agreement with Yayasan Veteran ATM (“Yayasan”) for the development of the Yayasan Project (“JVA”) with an estimated gross development value of RM338.0 million and gross development cost of approximately RM257.0 million. This marks the Group’s entry into the property development business. The Yayasan Project is a mixed commercial development project and is estimated to have a gross built-up area of approximately 644,000 square feet with a net floor area of approximately 355,000 square feet comprising the following: (a) 224 units of serviced apartments with built-up areas ranging from approximately 640 square feet to 4,400 square feet, spread out over 32 storeys; (b) 1 basement car park comprising 42 car park lots; (c) an 8-storey podium comprising 2 storeys of commercial centres with a net floor area of approximately 12,000 square feet and 6 storeys containing a total of 607 car park lots; (d) 9 storeys of commercial offices with a net floor area of approximately 93,000 square feet; and (e) facilities including prayer room, multi-purpose hall, meeting room, childcare centre, kindergarten, laundry, reading room, indoor games room, gymnasium, computer room, hawker centre, workers’ recreational space, medical treatment room, taxi-waiting area and other related amenities. Pursuant to the JVA, the Group will be responsible for undertaking and implementing the entire Yayasan Project on a total package basis from initial conceptual studies through the detail design and construction phase to the completion thereof. Under the JVA, Yayasan shall be entitled to the following entitlement / benefits: (a) lettable office space (without fittings) of approximately 58,000 sq ft; (b) fully fitted office space for Yayasan’s usage of approximately 3,000 sq ft; (c) fully furnished multi-purpose hall of approximately 8,000 sq ft; (d) 50 car parking bays; (e) 1 retail unit; (f) pre-function room/office (without fitting) of approximately 2,000 sq ft; (g) dedicated lobby and reception area at ground floor of approximately 1,000 sq ft; and 6 (h) a contribution of RM500,000 per year for 4 consecutive years commencing within 6 months after the approval of developer’s licence and advertising and sales permit. For the payment of the first year, RM250,000 shall be paid within 6 months from date of approval of developer’s license and advertising and sales permit and RM250,000 shall be paid within 12 months from date of approval of developer’s license and advertising and sales permit. The remaining contribution of RM1,500,000 shall be paid in yearly installments amounting to RM500,000 each year, (collectively, the “Yayasan Entitlements”). The Group shall be effectively entitled to the whole estimated gross development profit of RM81.0 million (being the difference between the gross development value of RM338.0 million and gross development cost of approximately RM257.0 million) from the Yayasan Project. In this respect, all the Yayasan Entitlements had been included in the gross development cost. For more information on the Yayasan Project, kindly refer to the Company’s circular to shareholders dated 20 July 2018 as well as the abridged prospectus dated 21 June 2021. The Group has obtained the development order from DBKL on 8 December 2020. As at the LPD, the Group has commenced the design works on the Yayasan Project and is in the midst of preparing a building plan for submission to DBKL. The Group expects to submit the said building plan by first quarter of 2022 and expect to obtain approval from DBKL in the same quarter. Further, the Group is also required to obtain the developer’s license and advertising permit from the Ministry of Housing and Local Government and target to obtain the said license / permit by second quarter of 2022. Notwithstanding this, the Group will commence construction for the Yayasan Project upon obtaining the building plan. The development is expected to be completed by the fourth quarter of 2023. The Yayasan Project will be funded by the 2020 Private Placement, 2021 Rights Issue with Warrants, progressive sales billings to be received, the Group’s existing cash and bank balances, bank borrowings and/or future fund-raising exercises to be undertaken (if required). The exact source of funding cannot be determined at this juncture as it will depend on the collection of progressive sales billings and the amount of funding available to the Group at the relevant point in time.
On 12 September 2017, the Group completed the acquisition of 100% equity interest in I.S. Energy Sdn Bhd (“ISE”) ISE for a purchase consideration of RM14.3 million. ISE is principally involved in developing, maintaining and operating mini hydro plants and distribution of electricity. In March 2012, ISE secured a 21-year concession from the Sustainable Energy Development Authority of Malaysia under its Feed-in Tariff programme to provide electricity from ISE’s mini hydropower plant at Sungai Rek, Kuala Krai, Kelantan with a declared annual availability of 2.8 megawatts and installed capacity of 3.2 megawatts. Subsequently, in November 2012, ISE entered into a renewable energy power purchase agreement with Tenaga Nasional Berhad (“TNB”) for the sale of electricity to TNB for the said 21-year concession period, which has commenced on 1 July 2012. As at the LPD, the acquisition of ISE provides the Group with a consistent stream of income via the sale of electricity generated from ISE’s mini hydropower plant.
the Group ventured into the Sand Mining Business through a River Sand Extraction Cum Main Operator Agreement with BB Energy Sdn Bhd in on 22 September 2020. The contractual term of the agreement is for 12 months with an option to extend for a further 12 months. The ongoing COVID-19 pandemic has delayed the commencement of operations of the Sand Mining Business. In this respect, the Group has sought and received an extension of time from BB Energy Sdn Bhd for a period of 12 months until 31 December 2022. The Sand Mining Business is expected to commence operation in the first quarter of 2022. The Group is actively pursuing potential sand buyers and has been in touch with 8 potential buyers at this juncture. The Group expects to supply a minimum of 2.5 million cubic meters of river sand per year to potential buyers from China and Hong Kong based on the preliminary discussions between both parties. The operations of the Sand Mining Business is anticipated to provide the Group with additional stream of revenue moving forward
On 2 February 2021, the Group secured a contract from AT Glove Engineering Sdn Bhd to design and build a 4-storey office building located at Hulu Kinta, Perak with a contract value of approximately RM2.7 million. The Group commenced construction on 3 February 2021. As at the LPD, this project is ongoing with approximately 90% of construction works completed and is expected to be completed by the first quarter of 2022
On 27 January 2021, the Group accepted a letter of award from Fintec Glove Sdn Bhd to act as the main engineering, procurement and construction contractor to design, build and deliver a turnkey glove-manufacturing factory with a contract value of RM46.2 million. Subsequently, on 28 June 2021, the Group entered into an engineering, procurement and construction a formal agreement was entered into between the Group and with Fintec Glove Sdn Bhd. to design, build and deliver a turnkey glovemanufacturing factory with a contract value RM46.2 million. The Group commenced construction on 1 February 2021. As at the LPD, this project is ongoing with approximately 70% of construction works completed and is expected to be completed by the first quarter of 2022.
Further, the Group will continue to secure more contracts for its civil engineering and construction as well as M&E engineering services segments. To this end, the Group aims to work with various property developers and project owners in Malaysia to secure additional M&E contracts for commercial high-rise buildings, mixed development and other specialised projects.
All of the aforementioned initiatives are aimed to improve the financial condition of the Group. The Group will continuously explore other measures to improve its financial performance / financial condition including acquisitions and/or investments in any suitable and complementary businesses and/or assets. Such acquisitions and/or investments may include, amongst others, businesses and/or assets in the construction or property development industry. The Group will make the necessary announcements in accordance to the Listing Requirements (if required) as and when it enters into any such agreements. If Shareholders’ approval and/or regulatory approvals are required, the necessary approvals will be sought.
The FASB Project are set out below: Details Project overview Construction of a block of 3-storey commercial building which comprises 2 basement levels of carparks, 2 floors of commercial space and 1 floor of banquet hall Project site Lot 550 (PT 431) and Lot 551 (PT 432), Jalan Tun Razak, Seksyen 90, Bandar Kuala Lumpur Wilayah Persekutuan, Kuala Lumpur Project owner FASB Date of commencement 20 November 2020 Duration / Status Phase 1 As at the LPD, approximately 70% of the construction works for Phase 1 has been completed. Phase 1 is expected to be completed before end November 2021 Phase 2 Construction works for Phase 2 will commence immediately upon the completion of Phase 1 and expected to complete within 8 months from the date of commencement of Phase 2 Contract sum RM94.5 million (RM17.5 million for Phase 1; RM77.0 million for Phase 2) Total estimated cost incurred As at the LPD, the total estimated cost incurred by the Group for the FASB Project is approximately RM12.4 million (breakdown is set out in the table below). The incurred cost was funded via progressive billings (approximately RM9.6 million) as well as the Group’s existing cash and bank balances (approximately RM2.8 million). In this respect, the Group expects to incur a total funding requirement of RM88.4 million (RM15.9 million for Phase 1; RM72.5 million for Phase 2), which comprises the following: Gross development cost / Total costs to be incurred Cost incurred as at the LPD Balance amount to be incurred as at the LPD (RM’000) (RM’000) (RM’000) Preliminaries(1) 6,680 1,580 5,100 Structural and architecture works 46,440 10,690 35,750 M&E works 30,430 80 30,350 External works(2) 3,100 - 3,100 Contingencies 1,750 50 1,700 Total 88,400 12,400 76,000 Notes: (1) Preliminaries include, amongst others, rental of construction equipment (i.e crane, forklift and scaffolding), site clearance, site survey, soil survey, construction planning and designing as well as insurance. (2) External works includes, amongst others, roadwork, drainage work and sewerage system.
Bagus apa? Daripada RM100 juta asal daripada terbitan hak saham Pasukgb hanya tinggal RM2.8 juta wang tunai saja? Rasanya pengumuman PP akan keluar tidak lama lagi?
(breakdown is set out in the table below). The incurred cost was funded via progressive billings (approximately RM9.6 million) as well as the Group’s existing cash and bank balances (approximately RM2.8 million).
Baguslah kalo guna uang untuk menjana untung semasa...tetapi sy tengok semuanya pelaburan dalam projek infrastruktur yg ambil masa panjang sehingga bertahun-tahun untuk membawa pulangan uang. Rasanya baki tunai RM2.8 juta tak cukup menampung aliran tunai kumpulan terkini?
But, it is possible for the stock market to price things wrong! You can find wonderful businesses on sale often.
As Buffett says,
“Remember that the stock market is a manic depressive.” For any consumer of daily financial news, this will ring true. Equity markets swing wildly from day to day on the smallest of news, rally, and crash on sentiment, and celebrate or vilify the most inane data points. It’s important not to get caught up in the madness. Instead, stick to your homework.
Ada Wang boleh bertahan ok lah. Takda Wang usah Beli dan terpaksa jual :)
Bertemu Di tahun 2022 ya!
KUALA LUMPUR (Dec 2): UOB Kay Hian on Thursday (Dec 2) set its year-end 2022 target for the FBM KLCI at 1,635 points as it sees expected policy rate hikes by major central banks and the quickening of US quantitative easing (QE) tapering in the first half of 2022, combined with high inflationary cost, to possibly dampen corporate earnings recovery significantly.
The research house said in a note its KLCI target is based on 16.2 times 2022 price-to-earnings. The index ended at 1,496.93 on Wednesday.
“Our top-down target is well below our bottom-up target of 1,719. While we still expect corporate earnings to improve in 2022 as revenue growth from the economic reopening effect will more than offset the prosperity tax, there could be downsides to our 2022 corporate earnings forecasts as profit margins may be impacted by sharply higher operating cost (raw materials, energy and labour),” it said.
While the breadth of corporate results for the third quarter of 2021 (3Q21) remained predictably downbeat due to partial Covid-19 lockdown effects, upward revisions for some KLCI component stocks prompted UOB Kay Hian to raise its 2021 earnings forecast for the KLCI by 8% in contrast to a 3.2% downgrade for its coverage universe.
However, it expects the KLCI and its coverage universe’s 2022 earnings to fall 0.6% and 6.8% respectively after factoring in the one-off prosperity tax impact.
The research house also opined Malaysian equities will be mostly range-bound in 2022 as the economic thrust from the ongoing global reopening may not significantly overcome the gravitational pull of inflation and reversal of easy money.
It sees a higher-beta strategy at the year's start, turning defensive going into 2Q22, before taking some trading bets on the 15th general election (GE15).
It expects a positive lift-off at the year's start, powered by gradual reopening of Malaysia’s borders.
However, it said markets are expected to turn cautious by 2Q22 as the US accelerates its QE tapering programme and prepares to raise its interest rates.
According to UOB Kay Hian, appealing investment themes include the economic reopening, commodity supercycle and high-dividend yielders, with the latter theme expected to gain prominence from 2Q22.
“Domestic investment themes could provide trading opportunities — such as GE15 and the digital economy (cloud migration, digital banking licence awards and e-government [services]). However, we would de-emphasise commodity supercycle plays as we head towards 2Q22,” it said.
Patience? Surely, those buy below 0.05, sure can patience, those buy above this price want since last year, two years ago, three years ago, five years ago, total loss to them already.....
So which category of patience you mean? Can we know the hardcore supporter since when you start holding this stock? Can we know your entry price? If you support from early of this year or last year till now, then I truly respect your patience with over 50% losses, if you just enter this few week, surely you will be patience as you are betting on this penny stock......
Like me, I will have alot of patience to enter at 0.035, even if this continue to drop below 0.03-0.025 to even other worst case scenario, I still can be patience as this is the risk to bet on penny stock, the same patience cannot be said for those above 0.10 especially......
I truly understand what is the feeling of those holding above 0.05 as this is the same nightmare we face last year, those enter below 0.06 only can barely escape, those enter below 0.04 earn handsome profit plus with RI subscription, sorry for those who choose to enter after 1:10 share consolidation till the RI end, all heavy total loss if keep patience holding and not cutting loss....
So, those that don't want to cut loss, only can take very high risk option, to keep lookout for bottom price to buy to average down for a chance, by the way, the PP news is a like another risk to follow as surely this will dilute the share more which nobody can know whether this will drive up or down the price as surely someone will goreng this stock I predict.....
Buy at your own risk, as I mention high risk stock.....high risk high gain but also heavy losses, so make sure you have plenty of fund to keep average down if you somehow unlucky to get stuck.....
Surely, can see all this penny stock seems more short term gain, patience in penny stock? How many penny stock can maintain their price once flying up? See PHB, the longer you hold the worst outcome.....more to hit and run cases mostly within months.....
Does private placement reduce stock price? Private Placement structure generally will use PVWAP 5 days average to get the Fixed Price for Placement. ... The reason generally why a share price most likely will run up before Placement is done is because the company can raise more cash with higher PVWAP recorded.
$¥€ NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING PASUKHAS GROUP BERHAD ("PASUKHAS" OR THE "COMPANY") PRIVATE PLACEMENT PASUKHAS GROUP BERHAD
Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING Description PASUKHAS GROUP BERHAD ("PASUKHAS" OR THE "COMPANY")
PRIVATE PLACEMENT (For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 27 October 2021 in relation to the Private Placement, where applicable, unless stated otherwise or defined herein.)
Reference is made to the earlier announcements dated 27 October 2021 and 1 December 2021.
On behalf of the Board, TA Securities is pleased to announce that Bursa Securities had, vide its letter dated 2 December 2021, approved the listing and quotation of up to 406,865,600 Placement Shares to be issued pursuant to the Private Placement. The approval is subject to, amongst others, the following conditions:
(i) Pasukhas and TA Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Private Placement;
(ii) Pasukhas and TA Securities to inform Bursa Securities upon the completion of the Private Placement; and
(iii) Pasukhas to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Private Placement is completed.
Industri tenaga hijau Di Melaka . Baguslah, pasukhas juga terlibat dalam industri ini
$£¥€
AYER KEROH 29 Nov- Melaka bakal menjadi pusat pemasangan kereta elektrik (EV) pertama negara pada tahun hadapan.
Exco Perindustrian negeri, Datuk Seri Ab Rauf Yusoh, berkata beberapa syarikat antarabangsa dari China yang berminat bagi tujuan terbabit.
Katanya, cadangan daripada syarikat berkenaan sedang dibincangkan dan diteliti sebelum ia diputuskan tidak lama lagi.
“Sudah pasti pelabur baru yang berminat untuk melabur di melaka dalam industri pemasangan kereta elektrik itu mengharapkan sekiranya kita dapat membawa industri pemasangan kereta elektrik ini di Melaka sekali gus membawa satu teknologi baru dalam industri kereta elektrik.
“Mereka juga mencadangkan bahawa kereta elektrik ini dijenamakan sebagai kereta elektrik pertama kebangsaan jadi saya sedang meneliti cadangan ini.
“Saya akan melihat dengan lebih terperinci kawasan-kawasan industri yang boleh diberikan ruang untuk mereka memilih kawasan yang sesuai dengan industri pemasangan kereta elektrik yang pertama di Malaysia,” katanya.
Beliau berkata demikian selepas membuat lawatan ke Perbadanan Kemajuan Negeri Melaka (PKNM), di sini, hari ini yang turut dihadiri Ketua Pegawai Eksekutifnya, Datuk Azmi Hussain.
Mengulas lanjut, Ab Rauf yang juga Exco Pelaburan dan Pembangunan Usahawan berkata, Melaka akan memberi keutamaan kepada industri automotif yang disifatkan sebagai salah satu industri terbesar dalam negeri.
“Honda telah membuktikan keupayaan negeri Melaka membawa industri ini telah berjaya meletakkan Melaka di salah satu negeri yang berkecimpung dalam bidang pemasangan automotif,” katanya.
PP will drive the price up if someone decided to goreng the share but definitely the price will not sustain as it is not back by any profitability indication....
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....
KulaanNiring
336 posts
Posted by KulaanNiring > 2021-12-01 23:08 | Report Abuse
don't give up on our counter