First interim single tier dividend of RM0.002 per share.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted "Ex - Dividend” as from: 26 Apr 2017 2) The last date of lodgment : 28 Apr 2017 3) Date Payable : 19 May 2017
Reference is made to the Article. The Board of Directors of the Company wishes to clarify the following information mentioned in the said Article:
1. “... able to achieve 20% to 25% profit growth in 2017 and 2018…”
The Company wishes to clarify that the Article had misquoted the statement, “20% to 25% profit growth in 2017 and 2018” and it should have been read as the 20% to 25% revenue growth in 2017 and 2018.
The Company also wishes to clarify that the 20% to 25% revenue growth was based on the internal annual targets for Perak Transit and its subsidiaries (the “Group”) to achieve in 2017 and 2018, mainly due to the increase in revenue generated from Stage Bus Service Transformation programme as the Group’s stage bus operations runs operations for all the 19 approved routes since September 2016. Furthermore, the Group’s revenue generated from petrol stations may increase due to the introduction of new fuel ceiling price mechanism, in which fuel prices will be announced on a weekly basis instead of monthly, on 29 March 2017, which the Group have recorded higher average fuel prices.
We further wish to clarify that the Group’s revenue growth target as stated in the above, is only an internal management expectation and should not be construed as sales forecast, and have not been and will not be reviewed by the external auditors.
2. “.. construction cost of Terminal Tronoh and Terminal Bidor will be comparable to the of Terminal AmanJaya and Terminal Kampar... consider the issuance of irredeemable convertible unsecured loan stocks or redeemable convertible preference share or even equity shares”.
The Company wishes to clarify that the Article had misquoted the statement, “construction cost of Terminal Tronoh and Terminal Bidor will be comparable to the of Terminal AmanJaya and Terminal Kampar”, and it should have been read as our Group will manage the construction cost prudently as how we manage the construction cost of Terminal AmanJaya and Terminal Kampar.
Any issuance of irredeemable convertible unsecured loan stocks or redeemable convertible preference share or even equity shares are the future fund raising options available for the Company. At this juncture, the Company has yet to decide on the mode of fund raising to finance the construction cost of Terminal Tronoh and Terminal Bidor.
Perak Transit is principally involved in the operations of Terminal AmanJaya integrated public transportation terminal and the provision of public bus service. It is also involved in petrol sales business with the operations of 4 petrol stations, one each in Lahat (Shell), Tanjung Rambutan (Shell), Terminal AmanJaya (BHP) and Lubok (Petron).
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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....
k6ii
1,873 posts
Posted by k6ii > 2017-05-07 17:04 | Report Abuse
THE EDGE paper with title "Perak Transit in expansion mode"..my friend snap photo and send to me.