Posted by Good123 > 2022-04-07 16:39 | Report Abuse

Transition to endemicity, election play to buoy KLCI in 2022 - analysts.
Bursa Malaysia is projected to end the year at between 1,622 and 1,745 points, supported by ample
liquidity, the reopening of international borders as well as the possibility of a general election,
according to analysts. Hong Leong Investment Bank (HLIB) Research raised its FBM KLCI target to
1,680 points from 1,600, valuing the bellwether index at 16.2 times price-earnings ratio (PER) based
on 2022 earnings per share (EPS). ‘We forecast KLCI earnings growth of -0.6%/+7.3% for calendar
year 2022 (CY22)/23. With [border] reopening and [the country heading for] endemicity, Malaysia’s
relative appeal amid the geopolitical conflict and a possible 'election rally' on the horizon, we turn
PHILLIP RESEARCH SDN BHD Page 3 of 8
199001007125 (198695-X)
more upbeat on the market,’ said HLIB analysts Jeremy Goh and Felicia Ling in an economics and strategy note dated March 30. (Source: TheEdgeMarkets)

Posted by whistlebower99 > 2022-04-07 16:48 | Report Abuse

FOR NEWBIES

Details of corporate proposal PASUKHAS GROUP BERHAD ("Pasukhas" or "the Company") - EMPLOYEES SHARE OPTION SCHEME ("ESOS")
No. of shares issued under this corporate proposal 28,022,300
Issue price per share ($$) Malaysian Ringgit (MYR) 0.0182
Latest issued share capital after the above corporate proposal in the following
Units 1,815,388,824
Listing Date 08 Apr 2022
https://www.klsescreener.com/v2/announcements/view/3530381

=============
After shares consolidation and fund raising via rights issue completed, directors still busy continue to raise more fund via share issuance to ESOS and PP
More dilution to shareholder equity % and EPS

NOSH keep increasing to 1,815,388,824 hitting 2 BILLION shares soon

===============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance

Posted by Good123 > 2022-04-07 17:12 | Report Abuse

Semoga tiada Wang pasukhas mengalir masuk Akaun para pengarah untuk membeli syer esos pasukhas tak terhingga haha


KUALA LUMPUR (April 7): Prosecution witness Tan Sri Ismee Ismail, former director of 1Malaysia Development Bhd (1MDB), told the court that RM2.28 billion from 1MDB transactions had entered the personal accounts of former prime minister Datuk Seri Najib Razak.

Prosecutor for the 1MDB-Tanore trial, Datuk Seri Gopal Sri Ram, walked Ismee through various 1MDB transactions in his re-examination of the witness on Thursday morning, showing him that Najib, on several occasions, had money funnelled out of 1MDB and into his personal accounts.

Referring to a chart, Sri Ram showed the witness transactions of a joint venture between 1MDB and PetroSaudi Ltd in 2009, in which 1MDB had agreed to inject US$1 billion cash, while PSI was to inject US$1.5 billion worth of oilfield-related assets.

Out of the US$1 billion, US$700 million was transferred to Good Star Ltd — a company linked to fugitive businessman Low Taek Jho — instead of the joint venture company.

Sri Ram showed the witness that from the US$700 million, Najib received US$20 million via his personal accounts in two tranches of US$10 million each — one tranche was received via his personal AmBank account with number ending "694" on Feb 24, 2011 and the second tranche was received by Najib on June 14, 2011.

The US$20 million amounted to an equivalent of RM60 million.

It should be noted that the US$1 billion raised by 1MDB was in the form of RM5 billion Islamic medium term notes (IMTN), which were led by AmInvestment Bank Bhd.

Sri Ram: Part of the US$700 million went into Najib's account, so to the suggestion which was put to you that he did not receive any benefit from this IMTN, would you now like to review your answer?

Ismee: These documents were not shown to me during the cross-examination. From what I see here, I can see the flow of money which went into the accused's (Najib) account.

Sri Ram also asked Ismee if Najib had also benefitted from "Phase 4" of the 1MDB-Tanore case which revolved around a 1MDB Deutsche Bank loan, RM50 million of which ended up in a bank account with number ending "880" belonging to Najib. Deutsche Bank's US$1.225 billion loan was made up of a US$250 million bridging loan and a facility loan of US$975 million.

Ismee was shown charts of the money which went through several entities and then trickled into Najib's accounts.

Sri Ram: Having looked at these charts, would you like to review your answer that the accused (Najib) did not benefit from these?

Ismee: From the chart I can see that the funds went into the account.

Sri Ram: Funds from 1MDB?

Ismee: Yes, correct, from Deutsche Bank.

Sri Ram then walked Ismee through the acquisitions of two independent power producers, namely Tanjong Energy Holdings Sdn Bhd and Mastika Lagenda Sdn Bhd.

From Sri Ram's opening statement at the beginning of the trial, Mastika owned 75% shares in Genting Sanyen Sdn Bhd. To make the purchase, 1MDB acted through its subsidiaries 1MDB Energy Holdings Ltd, 1MDB Energy Ltd and 1MDB Energy (Langat) Ltd (all Labuan companies) as well as Malaysian registered companies, namely 1MDB Energy Sdn Bhd and 1MDB Energy (Langat). These companies were used to raise funds for both acquisitions.

A local bridging loan of RM6.17 billion was raised for the acquisition of Tanjong Energy. An additional sum of US$1.75 billion was raised through the issue of 10 year structured loan notes.

Of the US$1.75 billion, US$786 million went to Tanjong Energy. Of the balance, a sum of US$907 million was paid into the account of 1MDB Energy Ltd with Falcon Bank in Hong Kong. Of this sum, approximately US$577 million in round figures went to Aabar Investments PJS Ltd (BVI), now known as the fake Aabar.

On May 22, 2012, US$295 million was paid by Aabar to a company called Blackstone Asia. Blackstone is a company controlled by Jho Low through his associate Tan Kim Loong, also known as Eric Tan.

For the Mastika acquisition, the alleged purchase price was RM2.75 billion. The money for this came from two sources. First, there were another 10 year structured loan notes of US$1.75 billion. The second was a local loan of RM700 million. The total loan raised from these two sources was about RM6.16 billion.

From this, on Oct 30, 2012, a sum of US$5 million was paid into Najib's AmPrivate Bank account. Then, on Nov 19, a sum of US$25 million was paid into Najib's account.

He also walked Ismee through another joint venture with 1MDB and Aabar in equal shares. The joint venture company was called ADMIC.



'Najib and Jho Low had a close relationship'
During the start of re-examination on Ismee, Sri Ram queried him on Najib and Jho Low's relationship during his tenure as director of 1MDB.

Posted by Good123 > 2022-04-07 17:50 | Report Abuse

Pasukhas:

Hidro electrics project in kelantan, real estate with veteran yayasan ATM di KL.... all these tak boleh gagal... politically suicidal..

I think, very likely one of the GLCs will takeover pasukhas berstatus patuh shariah eventually... greatly undervalued now...

that's why the dato directors are hungry grabbing or wanting more n more esos shares haha

Do your own study, guys! All is yours....cheers!

Posted by ken2004 > 2022-04-07 18:20 | Report Abuse

You try to post this in fb, newspaper, you sure gone case for simply saying a GLC will take over pasukhas, this is a very serious misleading news.....can be said trying to create false impression.....

Posted by ken2004 > 2022-04-07 18:22 | Report Abuse

To be exact, you are creating baseless rumors' to prop up the company..........

Posted by Good123 > 2022-04-07 19:34 | Report Abuse

BI kamu sangat lemah, Pergi baca semula. Komenmu Sungguh melucukan!!!

@ken2004

You try to post this in fb, newspaper, you sure gone case for simply saying a GLC will take over pasukhas, this is a very serious misleading news.....can be said trying to create false impression.....

1 hour ago


ken2004

To be exact, you are creating baseless rumors' to prop up the company..........

1 hour ago

Posted by ken2004 > 2022-04-07 19:37 | Report Abuse

Yes, obviously you can continue with all this nonsense here since nobody really bother, if you to write out in open about all this baseless rumor's about take over especially saying GLC, you will see what will happen.....

Posted by ken2004 > 2022-04-07 19:38 | Report Abuse

In fact, yes, the whole thing here just become a joke actually...........lol

Posted by Good123 > 2022-04-07 20:43 | Report Abuse

:)


KUALA LUMPUR: The High Court has today ordered former Patimas Computers Bhd deputy chairman Datuk Raymond Yap Wee Hin to pay RM3.28 million to the Securities Commission (SC) for insider trading.

The court ruled that the SC had proven its claim in a civil suit against Yap for insider trading.

In addition, Yap was also ordered to pay the SC a civil penalty of RM1 million and barred from being a director of any public listed company for five years starting April 7, 2022.

The SC said it was also awarded costs of RM100,000.

In a suit filed in 2020, the SC claimed that Yap had breached section 188(2)(a) and (b) of the Capital Markets and Services Act 2007 (CMSA) when he disposed a total of 43.82 million Patimas shares held by Law Siew Ngoh, the former managing director of Patimas, from June to July 2012.

The SC said Yap committed this breach while in possession of material, non-public information relating to audit queries and issues regarding the suspicious transactions between Patimas and its top debtors.

The matter was raised and discussed by Ernst & Young (EY) Malaysia, Patimas' external auditor, during a meeting with the company's management.

The board of directors of Patimas subsequently on July 31, 2012 announced to Bursa Malaysia that Patimas would not be able to issue the annual audited financial statements by July 31, 2012 for the financial period from January 1, 2011 to March 31, 2012 due to unresolved significant audit findings and queries.

Posted by Good123 > 2022-04-08 08:59 | Report Abuse

Sudah ambil ~400-500 juta syer esos cukuplah!!! Dana untuk pru15 ataupun tujuan lain dah tercapai , syabas dato pengarah2 :)

BOARD OF DIRECTORS
Mejar Dato’ Ismail Bin Ahmad
Independent Non-Executive Chairman
Wan Thean Hoe
Executive Director cum Chief Executive Officer
Mak Siew Wei
Executive Director
Tang Boon Koon
Executive Director
Dato’ Nik Ismail Bin Dato’ Nik Yusoff
Independent Non-Executive Director
Yap Chee Keong
Independent Non-Executive Director
Teoh Kim Hooi
Independent Non-Executive Director

Posted by Good123 > 2022-04-08 09:21 | Report Abuse

Korang bukan lawan mereka. Ikut /iring je jika berani :)

Mejar Dato' Ismail served in the Malaysian Army for 17 years and attended courses both local and overseas. In 1983, he joined Perwira Niaga Malaysia (Pernama), a wholly-owned subsidiary of LTAT, a wholesale and international trading company. His last position in Pernama was Deputy General Manager before he left in 1999. He was the CEO of Odasaja Sdn. Bhd. in its formative year and later became the Group Executive Director of the same. He left Odasaja Sdn. Bhd. in December 2002. Since then he has been actively contributing his knowledge and experience to various companies involved in general trading, building and construction, including defence and security projects.

Posted by Good123 > 2022-04-08 10:33 | Report Abuse

Ingat!

We refer to JOE’s announcement dated 21 July 2021 (“Announcement”) in relation to the

subscription of 249,720,000 Rights Shares together with 145,670,000 Free Warrants in Pasukhas
Group Berhad (“PASUKGB”) by GP Autobat Sdn Bhd (“GP Autobat”), a wholly-owned subsidiary of
the Company, and query from Bursa Malaysia Securities Berhad (“Bursa Securities”) vide its letter
dated 22 July 2021 in relation to the same (“Bursa Queries”).
The Company wishes to announce the following as required by Bursa Securities:-
1. The total cost to subscribe for the 249,720,00 rights shares in PASUKGB (including the
acquisition cost of the rights to subscribe for the rights shares) and the updated highest
percentage ratio.
On 30 June 2021, GP Autobat has acquired 120,000 PASUKGB’s Ordinary Rights for a cash
consideration of RM12,000.00. With 120,000 rights shares together with the application of
excess rights shares of 249,600,000 at RM0.10 each, the company had successfully subscribed
249,720,000 Rights Shares together with 145,670,000 Free Warrants for a total cash
consideration of RM 24,972,000.00.
The total cost to subscribe for the 249,720,000 rights shares is RM24,984,000. The highest
percentage ratio for the Acquisition is 23.72% based on the latest audited financial statements
for the financial year ended 31 March 2020.
2. Other than the synergies with regard to the construction of the gloves factories, to provide
further justification to subscribe for the rights shares in PASUKGB taking into consideration
that the principal business activities of PASUKGB and JOE are not similar.
JOE is of the view that PASUKGB which is in the midst of turning itself into a full-fledged turnkey
contractor cum EPC contractor in glove factory may yield additional business synergies to JOE in
terms of providing solutions in reconstruction/remodification of JOE's existing idle factories into
other commercial usage (to modify to suit other users for potential leasing out) for future
income generation.
3. Whether the subscription tantamount to diversification in operations of the Company
pursuant to Paragraph 10.13 of the Main Market Listing Requirements, together with the basis
thereof.
JOE is of the view that the subscription is not tantamount to a change in business diversification
in operations based on the followings:-
(i) It is not resulted in the diversion of 25% or more of the net assets of the Company to an
operation which differs widely from those operations previously carried on by the Company
as the percentage of this measure is 23.72%;
(ii) It is not resulted in the contribution of 25% or more of the net profits of the Company;
(iii) JOE Group will continue to focus the existing battery business as well as the glove business
and has no intention to venture into turnkey or EPC contracting as in the case of PASUKGB.
The subscription at best may be considered a potential business tie up in the future;

(iv) PASUKGB is considered as an investment from JOE's perspective as JOE does not control
PASUKGB's management and operations, and as such JOE has no intention to consolidate
PASUKGB's operations/results into JOE's Group moving forward.
4. The Company undertook a series of fund-raising exercises in 2020 and 2021 (two private
placements in 2020 and 2021 respectively and rights issue in 2021) to raise funds for its gloves
business. In this regard, to provide detailed justification to subscribe for the rights shares in
PASUKGB which is funded from internally generated funds while the Company needs to
undertake various fund-raising exercises to fund its existing gloves business.
JOE is of the view that the various fund-raising exercises done in 2020 and 2021 were important
as it is diversifying into glove production which is considered new and may be relatively riskier as
compared to JOE's current business. As such, JOE would need to raise additional capital to
cushion any uncertainties in entering a new business rather than using its existing capital which
should be preserved for existing business or opportune investments.
5. Future plans of the Group on PASUKGB given the substantial shareholdings of 21.58% in
PASUKGB.
JOE will view the investment in PASUKGB as investment and may explore some strategic
business tie ups if opportunities prevail. JOE is looking forward that PASUKGB will be providing
its solutions in reconstruction/remodification of JOE's existing idle factories into other
commercial usage for future income generation in near future plan.
This announcement is dated 26 July 2021.

Posted by Legend > 2022-04-08 10:53 | Report Abuse

Tunggu kucing bertanduk..haha

Posted by Ppmaster > 2022-04-08 11:08 | Report Abuse

Some of you very stubborn, still play still counter. Haha. simple oldman knowledgeable advise.

Posted by Good123 > 2022-04-08 11:14 | Report Abuse

Perpindahan syer kpd kroni2 sedang berlaku haha

Posted by Good123 > 2022-04-08 11:44 | Report Abuse

Ya mejar, Kami percaya Dan iringmu. Dapatkan Lebih banyak projek untuk Kami, Roger!!!!

Mejar Dato' Ismail served in the Malaysian Army for 17 years and attended courses both local and overseas. In 1983, he joined Perwira Niaga Malaysia (Pernama), a wholly-owned subsidiary of LTAT, a wholesale and international trading company. His last position in Pernama was Deputy General Manager before he left in 1999. He was the CEO of Odasaja Sdn. Bhd. in its formative year and later became the Group Executive Director of the same. He left Odasaja Sdn. Bhd. in December 2002. Since then he has been actively contributing his knowledge and experience to various companies involved in general trading, building and construction, including defence and security projects.

Posted by Good123 > 2022-04-08 11:58 | Report Abuse

~40 juta syer dah disapu... Getting closer dah

Posted by Good123 > 2022-04-08 12:03 | Report Abuse

Mejar pengerusi umumkan segera :)

PASUKHAS GROUP
BRIEF-Pasukhas Signs MoU For Waste Treatment Plant & Energy Works
Sept 9 (Reuters) - Pasukhas Group Bhd PASU.KL :
* SIGNED MOU FOR WASTE TREATMENT PLANT AND ENERGY WORKS WITH
PERBADANAN KETUA MENTERI MELAKA AND PROTO THREE SIXTY

Source text for Eikon: ID:nKLSVL88n
Further company coverage: PASU.KL

((Reuters.Briefs@thomsonreuters.com;))
CONSTRUCTION & ENGINEERING, INDUSTRIALS, ASEAN COUNTRIES

Posted by Good123 > 2022-04-08 12:16 | Report Abuse

Mantap :)

PASUKHAS GROUP BERHAD Registration No.: 200501009342 (686389-A)
FOR THE FORTH (4TH) QUARTER ENDED 31ST DECEMBER 2021
UNAUDITED
AS AT END OF AUDITED
CURRENT QUARTER AS AT
31 Dec 2021 31 Dec 2020
RM'000 RM'000
ASSETS
NON-CURRENT ASSETS
Plant and equipment 25,045 25,476
Investment properties 5,559 8,701
Right-of-use assets 1,321 1,248
Deferred tax assets 1,655 1,655
Other investments 54 54
33,634 37,134
CURRENT ASSETS
Inventories - 406
Contract assets 22,827 6,928
Trade receivables 14,072 20,023
Other receivables, deposits and prepayments 60,404 32,570
Current tax assets 238 248
Marketable Securities 18,507 -
Fixed deposits with licensed banks 4,162 2,429
Money market instruments 60,063 8,013
Cash and bank balances 10,377 7,423
190,650 78,040
224,284 115,174
Share capital 212,914 117,501
Reserves 35,067 4,129
Merger deficit (10,500) (10,500)
Fair value reserve 17 17
Foreign exchange translation reserve (1) (1)
Accumulated lossess (72,476) (54,922)
165,021 56,224
(324) 1,799
164,697 58,023
Lease liabilities 1,033 693
Islamic medium term notes 12,472 13,771
Deferred tax liabilities 474 1,081
13,979 15,545
CURRENT LIABILITIES
Trade payables 18,958 17,732
Other payables and accruals 21,801 18,280
Lease liabilities 347 244
Islamic medium term notes 1,298 1,198
Bankers' acceptance - 796
Bank overdrafts 3,204 3,356
45,608 41,606
TOTAL LIABILITIES 59,587 57,151
TOTAL EQUITY AND LIABILITIES 224,284 115,174
Net assets per share (RM) 0.26 0.07
Notes:-
The unaudited Condensed Consolidated Statement of Financial Position should be read in conjunction with the audited financial
statements of the Group for the financial year ended 31 December 2020 and the accompanying explanatory notes attached to this
interim financial statements.
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
TOTAL ASSETS
EQUITY AND LIABILITIES

Posted by Good123 > 2022-04-08 12:17 | Report Abuse

2sen harga lantai. Siapa Jual, semua disapu bersih

Posted by Good123 > 2022-04-08 12:20 | Report Abuse

Saw Ahmad saidul complaining on other platform . Hmm :)

at the edge on letting go this stocks..approximately almost rm15k loss..entry at 0.32, avg down several times till got 0.085, but seems like this is the end. goodluck to all of you, and for the comp, directors and for those who responsible on doing sht like this to the investors, ffff u. my worst nightmare in bursa. lessons learnt.

Posted by Good123 > 2022-04-08 12:32 | Report Abuse

Mejar pengerusi tak Akan mengkhianati anda. Segalanya Akan menjadi Indah pada waktunya. Usah bimbang, Ya! :)

Posted by Good123 > 2022-04-08 12:47 | Report Abuse

Have a listen to this podcast

https://www.bfm.my/the-fundamentals-of-property-investment-in-times-of-extreme-volatility

Posted by Good123 > 2022-04-08 13:00 | Report Abuse

Mejar, get someone to do coverage of pasukhas, Okey :)


KUALA LUMPUR (April 8): CGS-CIMB Research has initiated coverage of Senheng New Retail Bhd with an “add” rating at 84.5 sen with a target price (TP) of RM1 and said it projects a net profit compound annual growth rate (CAGR) of 13% for the financial year ended Dec 31, 2021 (FY21) to FY24, driven by: i) a 18% growth in physical retail area; ii) steady same-store sales growth; and iii) robust growth in online sales.

Posted by Good123 > 2022-04-08 15:03 | Report Abuse

Mejar mau Lebih banyak syer esos sebelum berita terbaik haha

Posted by Good123 > 2022-04-08 15:05 | Report Abuse

Tengok siapa Akan takeover pasukhas nanti ...pengarah2 dah ambil ~500juta syer esos selepas pp 20% kpd keluarga lkl. Pihak berkuasa SC Dan bursa juga happy haha

Posted by Good123 > 2022-04-08 15:11 | Report Abuse

Mejar dato chairman dah 70++ mau berikan hadiah kpd anda semua. Beliau Tak boleh bawa semua harta ke syurga kononnya haha

Posted by Good123 > 2022-04-08 15:14 | Report Abuse

Pasukhas Stok patuh shariah untuk semua Yang mau Bertambah Kaya. Sabar ya!

Posted by Good123 > 2022-04-08 15:17 | Report Abuse

Mejar dato pengerusi kata jalan, segalanya Akan berjalan. Roger :)

Posted by Good123 > 2022-04-08 15:21 | Report Abuse

Sesiapa mau buat cost averaging , boleh buat kini 2sen harga lantai dah

Posted by Good123 > 2022-04-08 15:26 | Report Abuse

Bila projek negeri melaka diumumkan Oleh mejar dato pengerusi, pasukhas diramal Naik berlipat Kali Ganda, bertenang ya

Posted by Good123 > 2022-04-08 15:28 | Report Abuse

Lebai Pas kelantan juga anugerahkan projek Hidro elektrik kpd pasukhas. Pasukhas bukan Syarikat sebarangan , faham? :)

Posted by Good123 > 2022-04-08 15:35 | Report Abuse

Korang boleh pergi Kelantan yg dikuasai lebai Pas minta projek Hidro elektrik Dan minta projek korek pasir sungai Di negeri Pahang Yang dikuasai Oleh parti politik bosku, tengok boleh dapat tak? Pasukhas bukan satu Syarikat sebarangan, rileks je. Waktunya Akan sampai :) segalanya Akan menjadi Indah

Posted by Good123 > 2022-04-08 15:36 | Report Abuse

Behavioural finance , main emosi je kini tengok siapa Lebih sabar haha

Posted by Good123 > 2022-04-08 15:37 | Report Abuse

Projek usaha Sama dengan veteran yayasan ATM , bukan Syarikat sebarangan boleh dapat jika tiada kabel besar. :)

Posted by Good123 > 2022-04-08 15:39 | Report Abuse

Bila pelabur besar nampak Dan faham kehandalan pasukhas, harga syernya Pasti terbang tinggi serta merta

Posted by Good123 > 2022-04-08 15:55 | Report Abuse

pemulihan harga boleh berlaku dengan mengejut! berita baik juga boleh diumumkan bila2 masa. sabar & tenang ya! usah lakukan sesuatu yg bodoh nanti menyesal seumur hidup haha

Posted by Good123 > 2022-04-08 16:00 | Report Abuse

undi2 - sangat penting... projek veteran angkatan tentera malaysia dengan pasukhas juga mesti berjaya... jika tidak, hilang banyak undi dlm kalangan anggota tentera malaysia

Posted by Good123 > 2022-04-08 16:01 | Report Abuse

projek hidro elektrik kelantan juga penting... jika gagal ,, lebai pas akan hilang banyak undi dikawasan yg mendapat elektrik dari projek hidro elektrik di kelantan

Posted by Good123 > 2022-04-08 16:02 | Report Abuse

pasukhas memang tak boleh dibiarkan gagal.. ia akan menjadi tabung dana pru 15 terbesar nanti , pendapatku :)

Posted by Good123 > 2022-04-08 16:05 | Report Abuse

potensinya tak terbatas... pengarah2 juga dah mengambil ~500juta syer esos.... ~Rm10juta dah dimasukkan ke dalam pasukhas ... pasukhas mempunyai semakin banyak tunai kini

Posted by Good123 > 2022-04-08 16:06 | Report Abuse

NTA 0.2600
P/B 0.10
RPS 4.46
PSR 0.56
Market Cap 44.7M
Shares (mil) 1,787.35

Posted by Good123 > 2022-04-08 20:31 | Report Abuse

KUALA LUMPUR (April 8): The Securities Commission Malaysia’s (SC) Audit Oversight Board (AOB) has called for public listed companies’ (PLC) audit committees (AC) to continuously and rigorously engage auditors to promote an effective audit process.

In a statement on Friday (April 8), the statutory body said that at the “AOB’s Conversation with Audit Committees” virtual series, the AOB reminded ACs on their role in driving audit quality improvements via strengthening oversight on auditors and the audit process.

“The series is part of the AOB’s ongoing engagement with ACs to strengthen PLC oversight on auditors and the audit process.

“This is in line with the SC’s efforts to improve corporate governance in PLCs and increase investors’ confidence in the quality and reliability of audited financial statements. It is also part of the AOB’s capacity building initiatives for the accounting and auditing industry,” the commission said.

The SC said the AOB highlighted the need for ACs to consider information in the Annual Transparency Reports (ATR) prepared by their audit firms when evaluating the appointment and reappointment of external auditors.

“The ATR provides information on legal and governance structures of firms, measures taken to uphold audit quality and manage risks, and measures of audit quality indicators,” it said.

Furthermore, the commission said ACs are strongly encouraged to understand and discuss the findings and firm-level statistics shared in the AOB’s Annual Inspection Report with their respective auditors to ensure that risk areas identified are adequately addressed.

“Given the challenging business environment, the AOB also urged ACs to continue assessing the impact of the Covid-19 pandemic on the internal controls of financial reporting,” it added.

Posted by Good123 > 2022-04-08 20:32 | Report Abuse

Traders Brief - Second and Lower Liners Shine Whilst KLCI Drifts Sideways
Author: HLInvest
|

Publish date: Wed, 06 Apr 2022, 09:15 AM

Posted by sg999 > 2022-04-08 22:20 | Report Abuse

COMPANY FINTEC！！！！！

Posted by DatoKyle > 2022-04-08 22:21 | Report Abuse

PASUKHAS = Rubbish. But, SMTRACK = Jewel.. Big different !!!

Posted by GhostRider999 > 2022-04-09 08:00 | Report Abuse

Why need to wait on this rubbish counter when there is hundreds more progressive counters out there in bursa that we can make money daily, weekly and monthly basis. This counter already almost a year on a downtrend and sideways trend. Checkmate already.. Con counter

Posted by Good123 > 2022-04-09 13:23 | Report Abuse

KUALA LUMPUR (April 9): Bursa Malaysia is expected to trend slightly higher next week, hovering within the 1,600-1,620 range, said an analyst.

Posted by Good123 > 2022-04-09 13:40 | Report Abuse

10sen++ Dalam tahun ini diramalkan.

Sabar, ya!