PASUKHAS GROUP BERHAD
KLSE (MYR): PASUKGB (0177)
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CS Tan
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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....
Good123
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Posted by Good123 > 2022-01-08 12:47 | Report Abuse
Baca dengan teliti. Potensinya tak terhingga :)
PROSPECTS
The year 2021 will no doubt bring a fair share of challenges and opportunities to the Group. With the Coronavirus disease 2019
(COVID-19) pandemic outbreak worldwide, like other companies in the same industry, the immediate prospects for the Group are
not encouraging in the event that the macro economic and political climate do not improve drastically.
Nevertheless, the Group remains reasonably optimistic as it will continue to leverage on its clients base, internal strength and
marketing efforts to secure new contracts from both local and overseas clients. With its solid foundation, and keen eye for
integrating suitable acquisition and mergers into its expansion, the Group is expected to maintain sustainable growth and improved
profitability for the foreseeable financial years.
The Board believe that with the continuous growth in the Energy Utilities Services and Power Generation segment will contribute
positively to the financial performance of the Group. The Renewable Energy, i.e. energy utilities services and power generation
business, with the long term stable income stream derived from the energy utilities services continue to contribute positively to
long term revenue and profits of the Group. On top of the above, the Group will kick start its development project and expand into
River Sand Extraction cum Trading segment in the near future.
To fund the said projects and expansion, on 18 September 2020, the Group had completed the private placement of up to
81,440,000 new ordinary shares in the Company, representing 10% of the total number of issued shares of the Company. On 12
October 2020, the Company had further proposed to undertake a private placement of up to 268,757,000 new ordinary shares in
the Company, representing 30% of the total number of issued shares of the Company.
Furthermore, on 17 March 2021, the Group announced the undertaking of proposed consolidation of every 10 existing
ordinary shares in Pasukhas (“Pasukhas Shares” or “Shares”) into 1 Pasukhas Share (“Consolidated Share”) (“Proposed Share
Consolidation”); and proposed renounceable rights issue of up to 992,394,438 new Shares (“Rights Shares”) together with up to
578,896,755 free detachable warrants in Pasukhas (“Warrants A”) on the basis of 12 Rights Shares together with 7 free Warrants
A for every 2 existing Consolidated Shares held by the entitled shareholders on an entitlement date to be determined (“Entitled
Shareholders”) (“Right Entitlement Date”) (“Proposed Rights Issue with Warrants”).
In addition, on 2 April 2021, the Group had introduced the first maiden development project to public during the Ground-breaking
Ceremony which was officiated by YB Dato’ Sri Ismail Sabri Bin Yaakob, Senior Minister (Security Cluster).
This is a project by Pasukhas Development Sdn. Bhd. (“PDSB”) (a wholly-owned subsidiary of the Company) through Joint Venture
Agreement (“JVA”) with Yayasan on 9 June 2017. Pursuant to the JVA, PDSB will undertake Yayasan Project as the Yayasan Project
owner. PDSB shall be responsible for undertaking and implementing the entire development project on a total package basis from
initial conceptual studies through the detail design and construction phase to the completion thereof. Further information on the
roles and responsibility of PDSB are set out in the circular to Shareholders dated 20 July 2018.
The development project located off Jalan Tun Razak, Kuala Lumpur. The development project has an estimated gross development
value of RM338 million and gross development profit of RM81 million, after deducting gross development costs of approximately
RM257 million. PDSB shall be effectively entitled to the whole gross development profit of RM81 million from development project.
The development project 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, taxiwaiting area and other related amenities.
Nonetheless, the Group will continue to focus and review its strategies to improve the cost, quality and delivery of its products and services as well as overall operational efficiencies $$$$$$$$$$$$$$$