PIMPINAN EHSAN BERHAD

KLSE (MYR): PEB (5622)

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Last Price

1.40

Today's Change

+0.06 (4.48%)

Day's Change

1.40 - 1.40

Trading Volume

700

Overview

Market Cap

97 Million

NOSH

69 Million

Avg Volume (4 weeks)

7,484

4 Weeks Range

1.34 - 1.58

4 Weeks Price Volatility (%)

25.00%

52 Weeks Range

1.25 - 1.90

52 Weeks Price Volatility (%)

23.08%

Previous Close

1.40

Open

1.40

Bid

1.40 x 300

Ask

1.42 x 1,000

Day's Range

1.40 - 1.40

Trading Volume

700

Financial Highlight

Latest Quarter | Ann. Date

31-Mar-2022 [#1] | 26-May-2022

Next QR | Est. Ann. Date

30-Jun-2022 | 26-Aug-2022

T4Q P/E | EY

-89.28 | -1.12%

T4Q DY | Payout %

0.00% | 0.00%

T4Q NAPS | P/NAPS

0.98 | 1.43

T4Q NP Margin | ROE

0.00% | -1.60%

Market Buzz
Company Profile

Sector: CONSTRUCTION

Sector: CONSTRUCTION

Subsector: CONSTRUCTION

Subsector: CONSTRUCTION

Description:

Pimpinan Ehsan Bhd is a Malaysia-based company that is engaged in financial investment activities. Pimpinan Ehsan Berhad ("Pimpinan Ehsan") was incorporated in Malaysia under the Companies Act, 1965 and deemed registered under the Companies Act, 2016 as a private limited company under the name Pimpinan Ehsan Sdn Bhd on 28 June 2016. It was converted to a public limited company on 6 September 2016 and the name of the Company was changed to Pimpinan Ehsan Berhad. Pimpinan Ehsan is listed on the Main Market of Bursa Malaysia Securities Berhad on 3 May 2018 in place of TRIplc Berhad following the implementation of an internal reorganisation exercise. The principal activity of Pimpinan Ehsan is investment holding. As to date, Pimpinan Ehsan has not commenced any business operations. 

Discussions
6 people like this. Showing 50 of 2,231 comments

ucrst2140q

Once the roadblock of this RTO is cleared, expect big turnaround from PEB

2021-04-13 15:49

caonima

holland qr

2021-04-30 20:07

terence775

what did you expect? the company has no ongoing businesses LOL

2021-05-02 19:14

terence775

If you buy expecting the QR to show anything I really don't know what to say.

2021-05-02 19:18

Azshah

why so quiet this forum ?. Now PEB RM1.50, for those who are so bullish, talking as if reNikola is the next slice bread should buy more. But seems like no buying action.

2021-05-06 09:48

Azshah

I would buy at RM1.50, I think is good value

2021-05-06 09:49

terence775

Alamak, cannot every 5sen drop buy 100 lot right hahaa

2021-05-10 14:09

Azshah

The price of reNikola is outrageous. PEB shareholders beware, buying reNikola that is grossly overstated. Latest news.

2021-05-19 09:55

Azshah

I'm selling all my PEB shares.

2021-05-19 09:55

TSN001

Appreciate you share the latest news.

2021-05-19 10:58

Rinshad26

go go peb

2021-05-20 10:37

Azshah

the push up in price is to build momentum for the eventual purchase of reNikola by PEB which is coming soon.

2021-05-20 10:41

terence775

Azshah, changing your mind so quickly?

2021-05-20 10:48

Azshah

let's wait for today or early next week announcement on the purchase of reNikola....A lot of you guys will be dissapointed.

2021-05-21 16:46

Azshah

let us all vote "No" to the exorbitant purchase price

2021-05-21 16:48

terence775

How can you vote when you've already sold your shares? haha

2021-05-24 10:05

ilovesoya

What does the latest proposal means? lol

2021-05-24 16:34

terence775

It means they have terminated the proposal to delist the company.

2021-05-24 17:09

terence775

Bro RM 373mil to acquire the whole of renikola is expensive? are you crazy? it's cheap!

2021-05-24 17:20

Goldberg

JOINT PRESS STATEMENT / SIARAN AKHBAR
(FOR IMMEDIATE RELEASE)

PIMPINAN EHSAN INKS SHARE SALE AGREEMENT TO ACQUIRE RENEWABLE ENERGY COMPANY, reNIKOLA HOLDINGS, FOR RM373 MILLION

Kuala Lumpur, 24 May 2021 – Main Market-listed Pimpinan Ehsan Berhad (“PEB” or the “Company”) announced it has, today, entered into a conditional share sale agreement (“SSA”) with renewable energy company, reNIKOLA Sdn. Bhd. (“reNIKOLA”), as well as Boumhidi Abdelali (“Adel”) and YAM Tengku Zaiton Ibni Sultan Abu Bakar, for the proposed acquisition of the entire equity interests in reNIKOLA Holdings Sdn. Bhd. (“reNIKOLA Holdings”) for a total purchase consideration of RM373 million (“Purchase Consideration”), to be satisfied by issuance of new ordinary PEB shares at RM1.07 per share (“Proposed Acquisition”).

The SSA is entered into pursuant to the Heads of Agreement inked earlier on 19 February 2021.
reNIKOLA Holdings is proposed to comprise the following wholly-owned companies:-

(i) reNIKOLA (Arau) Sdn. Bhd.;
(ii) reNIKOLA (Gebeng) Sdn. Bhd.;
(iii) reNIKOLA (Pekan) Sdn. Bhd.;
(iv) reNIKOLA Solar Sdn. Bhd.; and
(v) reNIKOLA (BKH) Sdn. Bhd..
(collectively known as the “Acquiree Companies”)

The Purchase Consideration was arrived at on a “willing buyer-willing seller” basis based on the Acquiree Companies’ fair equity value of RM377 million.

2021-05-24 17:29

ilovesoya

@terence775 thank you, thought they wanna delist the company haha

2021-05-24 17:33

Goldberg

Pimpinan Ehsan buys renewable energy firm for RM373mil
May 24, 2021
------------------------------------------------------------------
KUALA LUMPUR: Pimpinan Ehsan Bhd is acquiring the entire stake in renewable energy company, reNIKOLA Holdings Sdn Bhd, for RM373 million.

Pimpinan Ehsan said it was a cash-rich company without any core business.

In a statement today, the company said it had today entered into a share sale agreement with reNIKOLA, reniKOLA managing director Boumhidi Abdelali and Tengku Zaiton Sultan Abu Bakar for the acquisition.

The acquisition will be satisfied by the issuance of new Pimpinan Ehsan shares at RM1.07 each.


Pimpinan Ehsan executive director Lim Beng Guan said the proposed acquisition provided the company an immediate entry point into the renewable energy industry given the expansive track record and large-scale solar assets.

"It marks a major leap forward in transforming the company into a leading renewable energy provider in the country.

"Upon the completion of the exercise, our focus would be to chart the next phase of growth with a brand-new identity.

"Our goal is to own and operate one gigawatt of renewable energy assets in the foreseeable future," he said.

Lim said to reflect its seriousness and focus, the company had formed a new board of directors comprising industry experts in the fields of energy, financing, as well as environmental, social and governance.

Abdelali said there were a lot of opportunities that the company can capitalise on in the renewable energy sector as it was still in early stages.

"The rising demand for clean energy among the multinational companies, coupled with the rollout of government-backed programmes are set to stimulate growth in the domestic market.

2021-05-24 18:13

Just88

As expected, the new companies are injected into PEB at full valuation using DCF valuation. At current market price, the vendor made more than 10 times their investment costs invested in early 2021.

2021-05-25 09:32

unclecalvinchu

there's rumors of Topglove working with PEB/reNikola to build solar farm soon

2021-06-14 16:24

unclecalvinchu

good opportunity for PEB now?

2021-06-14 16:25

hoot9eonly

Something big is coming ?

2021-06-14 16:37

Jessie

大股东用rm1.07收购他的私人公司,现在市价rm1.62就等于我要用多40% 的价钱来买大股东的私人公司。好像很笨这样

2021-06-15 16:55

Goldberg

Going Green or Renewable ( solar) energy is vital going forward.

Malaysia-based suppliers risk RM269b by not going green: Standard Chartered
Published 17 Jun 2021, 5:15 pm

A study by a banking and financial services company showed that the country’s supply chain is risking more than US$65 billion (RM269 billion) if they fail to curb their carbon emissions.

Standard Chartered said that if Malaysian suppliers fail to transition alongside their multinational company (MNC) partners, "this could mean a loss in export revenue of US$65.3 billion".

“However, the study also reveals a US$1.6 trillion market opportunity for suppliers who decarbonise in line with their MNC partners’ net-zero plans,” it said in a statement yesterday.

The study entitled “Carbon Dated”, found that 15 percent of MNCs have already begun removing suppliers that endanger their transition plans, while MNCs are expected to exclude 35 percent of their present suppliers in their transition from carbon.

2021-06-17 20:16

awesome20

long time sleep PEB

2021-07-06 20:44

shavemyfurm

Any update about Peb and top glove project ?

2021-07-10 17:53

Goldberg

Renewable energy the way to go

Saturday, The Star-14 Aug 2021


“Climate change and sustainability have become key motivations across the globe and for the private sector.“A lot of companies are aligning their direction towards sustainability,”

“They have commitments of net zero carbon emissions (to achieve) within a certain number of years.”Titled “Reducing CO2 Emissions in Support of Future Sustainability”, the webinar was organised by Star Media Group, with UOB, a platinum sponsor.UOB Malaysia deputy chief executive officer Ng Wei Wei said the future for solar power was bright, and that investing in it was one of the many ways to significantly reduce the carbon footprint of businesses.

“This is because there is a strong push from the government to increase renewable energy in the country’s power capacity mix to 31% by 2025 and 40% by 2035,” she said. Ng added that international rating firm, Fitch, estimated that Malaysia’s solar capacity could quadruple to surpass 4 gigawatts (GW) in 2030, up from 996 megawatts (MW) at the end of 2020.“Solar power has become more affordable and accessible and is a reliable source of renewable energy in Southeast Asia.

2021-08-14 11:15

Goldberg

Here are some key insight from the management-An update
------------------------------------------------------------
1-PEB will be the largest pure play renewable energy company in Malaysia.

2-Both 5MWp and 38MWp in operation performing well above mark while another 45MWp by April 2021.The 330MWp is expected to built by major regional EPCC player by end of 2022.

3-Aspiration of reaching 1GWp by 2025 via organic and acquisitions

4-reNIKOLA committed to ESG centric policies.

5-Regional ambitions to expand in SEA and Asia.

6-The Purchase Consideration was arrived at on a “willing buyer-willing seller” basis based on the Acquiree Companies’ fair equity value of RM373 million.

7-Corporate exercise via issuance of new PEB shares to acquire reNIKOLA targeted completion by 4Q202.

2021-09-04 12:34

Goldberg

Re Nikola a Pure Green ( Solar) Power player to benefit in future.

"According to Tenaga National, coal was the predominant fuel for producing electricity in Peninsular Malaysia last year, making up 65.84% of the power being generated. This is followed by gas at 29.67%, hydropower at 3.78% and solar power at 0.7%."

https://paultan.org/2021/09/28/rmk-12-malaysia-to-be-carbon-neutral-by...

2021-09-29 14:32

Goldberg

The corporate exercise is approaching for this pure play renewable/solar energy GEM aka Re NIKOLA.

2021-10-07 17:44

Goldberg

MALAYSIA SOLAR ENERGY MARKET - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2021 - 2026)


The solar energy installed capacity in Malaysia is expected to register a CAGR of more than 10% in the forecast period of 2021-2026, reaching 2.07 GW of installed capacity in 2026 from 882 MW in 2019.

The COVID-19 has slightly affected the solar PV installations in the country during Q1 and Q2 2020 due to the lockdown restrictions, supply chain disruptions, solar PV production, and project implementation delays. Moreover, the government also postponed ambitious solar tenders, including a tender of capacity 1 GW in 2020.

However, with the increasing investments in the renewable energy sector, and the country's efforts to shift from fossil fuel-based power generation, the solar energy market is expected to grow significantly during the forecast period.

Moreover, Malaysia's government has implemented various supportive policies and incentives for the growth of solar energy, which is further expected to drive the market.

The utility segment is expected to dominate the solar energy market in Malaysia, owing to the upcoming large-scale solar power projects in the country.

Malaysia is aiming to install 9 GW of solar energy capacity by 2050. Therefore, the country's ambitious solar energy targets coupled with business models such as solar leasing are expected to create a significant amount of opportunities in the near future.

The solar market is expected to grow significantly, owing to the supportive government policies and initiatives at different end-user segments like residential or commercial & industrial (C&I).

2021-10-08 10:20

Goldberg

The corporate exercise to acquire the following companies will be finalised soon :-

(i) reNIKOLA (Arau) Sdn. Bhd.;
(ii) reNIKOLA (Gebeng) Sdn. Bhd.;
(iii) reNIKOLA (Pekan) Sdn. Bhd.;
(iv) reNIKOLA Solar Sdn. Bhd.; and
(v) reNIKOLA (BKH) Sdn. Bhd..
(collectively known as the “Acquiree Companies”)

This deeply undervalued solar energy power play stock will see a massive revaluation soon.

2021-10-11 13:47

Goldberg

The Energy sector is transforming from the traditional coal fire electricity generation to renewable energy generation to reduce carbon emission to prevent further global warming.


reNIKOLA group of companies are having a total of 88 MWp of solar assets on hand and another huge solar farm of 330 MWp in capacity in the pipeline.


The newly injected “assets” are extremely valuable based on market valuation. Upon completion of the RTO, PEB will be one of the largest solar renewable energy player.

2021-10-11 17:20

Goldberg

RE players want a floor price for solar tariff in Budget 2022

Publish date: Thu, 14 Oct 2021

KUALA LUMPUR: Renewable energy (RE) industry players have asked the government to step to set a floor price for solar tariff that is economically viable for all parties.

This is to ensure that the projects are bankable to avoid any construction halts when solar developers fail to achieve a financial close, Solarvest Holdings Bhd group chief executive officer Davis Chong Chun Shiong said.

"Furthermore, a floor price will also enhance the attractiveness of solar development projects and keep profit at a sustainable level which could spur greater investment interest for the long term,” he told Bernama.

Chong said under the Large-Scale Solar 3 (LSS3), solar tariff rates were very competitive, thus, causing delay in certain projects due to financing issues.

Solarvest also hopes the government will be able to reassess the RE quota allocation under the power generation plan.

"While we are thankful for the recently improved RE target from the previous 20 per cent by 2025 to the current 31 per cent by 2025 and 40 per cent by 2035, we still feel that the goals set are too modest, especially given the recent commitment for Malaysia to achieve carbon-neutral status by 2050.


"Thus, we hope the government will consider increasing the quota for the solar sector to somewhere around 8.0 GW by 2025 and 20 GW by 2035.

2021-10-14 13:49

VTrade

Full house poker

2021-11-09 10:10

Dakewlest

Anything brewing?

2021-11-09 11:15

Goldberg

Corporate exercise via issuance of new PEB shares to acquire reNIKOLA targeted completion by 4Q202.

The corporate exercise to acquire the following companies will be finalised soon :-

(i) reNIKOLA (Arau) Sdn. Bhd.;
(ii) reNIKOLA (Gebeng) Sdn. Bhd.;
(iii) reNIKOLA (Pekan) Sdn. Bhd.;
(iv) reNIKOLA Solar Sdn. Bhd.; and
(v) reNIKOLA (BKH) Sdn. Bhd..
(collectively known as the “Acquiree Companies”)

This deeply undervalued solar energy power play stock will see a massive revaluation soon.

2021-11-09 11:55

ccheinn

brewing capuccino

2021-11-09 17:40

Goldberg

Thai-listed B.Grimm to emerge as 40.6% shareholder in Pimpinan Ehsan

theedgemarkets.com

November 11, 2021 00:21 am +08

KUALA LUMPUR (Nov 10): Pimpinan Ehsan Bhd is set to see Thai-listed B.Grimm Power Public Co Ltd emerge as a 40.6% shareholder in the group.

This comes just months after renewable energy (RE) firm reNIKOLA Holdings Sdn Bhd was slated to become the largest shareholder of Pimpinan Ehsan.

Pimpinan Ehsan had announced the acquisition of NIKOLA from reNIKOLA Sdn Bhd (RSB) and its vendors in a RM373 million deal back in May, to be satisfied via the issuance of new Pimpinan Ehsan shares totalling a 61.5% stake.

In a filing on Wednesday, Pimpinan Ehsan said B.Grimm via its Malaysian unit B.Grimm Power Malaysia Sdn Bhd has inked an agreement to subscribe to new shares in reNIKOLA amounting to 45% of the latter’s enlarged share capital, for RM367 million cash.

Pimpinan Ehsan would then take over B.Grimm’s stake in reNIKOLA in exchange for 285.22 million new Pimpinan Ehsan shares at RM1.28 apiece.

In total, Pimpinan Ehsan would have issued 633.81 million shares valued at a combined RM740 million in the reNIKOLA deal.

This would result in Pimpinan Ehsan remaining as the sole shareholder of reNIKOLA. Meanwhile B.Grimm will become the largest shareholder in Pimpinan Ehsan with a 40.6% stake, followed by RSB with a diluted 36.5% interest, from 61.5% initially.

Notably, RSB’s chairman Tengku Zaiton will have a 49.4% indirect shareholding in Pimpinan Ehsan.

Pimpinan Ehsan said B.Grimm, RSB and related parties intend to seek an exemption from the obligation to undertake the mandatory offer to acquire the remaining Pimpinan Ehsan shares.

2021-11-11 11:18

Jenny

坐地起价,同一个收购案要拿多3亿出来。有病吧。

2021-11-12 11:20

Alantam

Fly to rm5 soon

2022-01-01 18:08

thesteward

Tomorrow can Lu?

2022-02-22 17:32

winetime

No news goreng ?

2 months ago

jonathansiew

rumors is in, Fast is involved in the funding part for LSSPV projects... (might be a JV with banks to fund them, or with some mega funds behind to support the EPCC / Concession Owner, funding size is around RM 800m)

3 weeks ago

jonathansiew

The funding size is RM 800.0 million, imagine how much cashflow per annum will be generated for Fast based on the current valuation...

3 weeks ago

Goldberg

PEB ANNOUNCES ITS PROPOSED REGULARISATION PLAN

~ portfolio to have 133 MWp of solar assets on completion, with mid-term target capacity of 508 MWp

Kuala Lumpur, 8 June 2022 – Main Market-listed Pimpinan Ehsan Berhad (“PEB” or the “Company”) announced today that it has entered into a second supplemental and restated share sale agreement with B.Grimm Power (Malaysia) Sdn Bhd, reNIKOLA Sdn Bhd, Boumhidi Adel and YAM Tengku Zaiton Ibni Sultan Abu Bakar (collectively the “Vendors”), in relation to the proposed acquisition of reNIKOLA Holdings Sdn Bhd and its subsidiaries (“Supplemental SSA II”).

To recap, PEB is currently classified as a Cash Company under the Main Market Listing Requirements but has charted its future direction to be a pure play renewable energy (“RE”) company. It had on 24 May 2021 announced the proposed acquisition of 100%-stake in reNIKOLA Holdings Sdn. Bhd. (“reNIKOLA Holdings”) for RM373.0 million. reNIKOLA Holdings owns solar power assets in Arau, Perlis; Gebeng, Pahang; Pekan, Pahang; and will develop a large-scale solar plant in Bukit Kayu Hitam, Kedah (pending issuance of license), all totaling 418 MWp on completion.“PEB’s Proposed Regularisation Plan is just the first step. Besides ground- mounted solar plants, we are also actively exploring opportunities for small hydro, biogas as well as other RE initiatives. We see a lot of attractive opportunities and are keen to capitalize on them, especially given our collective expertise, experience and network between PEB, reNIKOLA and B.Grimm,” Jonathan added.

On the corporate front, as part of the Proposed Regularisation Plan, there will also be a proposed share split involving subdivision of 1 PEB share into 2 PEB shares; as well as proposed private placement of up to 140 million shares, representing 16.8% of the enlarged capital of PEB at an issue price to be determined later.

“Upon conclusion, PEB would have a total solar generation capacity of 508 MWp on completion with aggregate asset value of approximately RM835.0 million (excluding the placement proceed). We believe this will put PEB in a prominent position in the RE industry,” Managing Director of reNIKOLA Holdings, Boumhidi Adel said.

Barring any unforeseen circumstances, the Proposed Regularisation Plan is expected to be completed by the end 2022, while the remaining proposals are estimated to be completed by 1st quarter 2023.

The proposals are subject to approvals from the Securities Commission, Bursa Malaysia Securities Berhad, Ministry of International Trade and Industry, Minister of Energy and Natural Resources, Energy Commission and Tenaga Nasional Berhad, where applicable, shareholders of PEB at an extraordinary general meeting to be convened, as well as any other authorities or parties, if required.

2 weeks ago

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