PRICEWORTH INTERNATIONAL BHD

KLSE (MYR): PWORTH (7123)

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Last Price

0.095

Today's Change

0.00 (0.00%)

Day's Change

0.09 - 0.095

Trading Volume

83,000

Overview

Market Cap

152 Million

NOSH

1,604 Million

Avg Volume (4 weeks)

723,123

4 Weeks Range

0.09 - 0.105

4 Weeks Price Volatility (%)

33.33%

52 Weeks Range

0.09 - 0.185

52 Weeks Price Volatility (%)

5.26%

Previous Close

0.095

Open

0.095

Bid

0.09 x 734,000

Ask

0.10 x 741,400

Day's Range

0.09 - 0.095

Trading Volume

83,000

Financial Highlight

Latest Quarter | Ann. Date

31-Dec-2023 | 26-Feb-2024

Next QR | Est. Ann. Date

31-Mar-2024 | 29-May-2024

T4Q P/E | EY

-60.48 | -1.65%

T4Q DY | Payout %

0.00% | 0.00%

T4Q NAPS | P/NAPS

0.15 | 0.63

T4Q NP Margin | ROE

-4.98% | -1.04%

Market Buzz
Company Profile

Sector: INDUSTRIAL PRODUCTS & SERVICES

Sector: INDUSTRIAL PRODUCTS & SERVICES

Subsector: WOOD & WOOD PRODUCTS

Subsector: WOOD & WOOD PRODUCTS

Description:

Priceworth International Bhd operates in Malaysian timber and wood-based products industry. The company is organised into business units based on their products and services and has four reportable operating segments. The logging segment is involved in extraction, the sale of logs and tree planting. The manufacturing segment is in the business of manufacturing and sale of plywood, raw and laminated particleboard, and finger joint moulding. The shipyard segment is involved in the provision of marine services, including repair and maintenance of tugboat and barge amongst others; and others segment is involved in investment holding and the provision of hiring services. The majority of its revenue is derived from the Japan.

Discussions
6 people like this. Showing 50 of 11,418 comments

wallstreetrookie

Where is imvu?

2022-08-01 16:08

whistlebower99

FOR NEWBIES

Details of corporate proposal Private placement of up to 10% of the total number of issued shares of Priceworth International Berhad
No. of shares issued under this corporate proposal 94,966,325
Issue price per share ($$) Malaysian Ringgit (MYR) 0.0958
Latest issued share capital after the above corporate proposal in the following Units 1,454,122,521
Listing Date 10 Aug 2022
https://www.klsescreener.com/v2/announcements/view/3591305

====================
Price on 9 Aug 2022 = 0.14
Specially selected lucky private placement investor has instant paper profit
Amount gained = 94,966,325 X (0.14 - 0,0958) = RM4,197,511

Congratulation to lucky private placement investors

=================
7 September 2021- 4,995,804,724 Shares will be consolidated into 499,580,386 Consolidated Shares

Current NOSH = 1,454,122,521

Hitting 1.5 BILLION shares soon, after share consolidation followed by massive shares issuance by directors

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

====================
TAYOR, set realistic target

2022-08-10 12:25

whistlebower99

FOR NEWBIES

Be aware that :-
Private investors and friendly parties are holding majority of the listed shares
Probably waiting to dispose to market when opportunities arise

https://www.bursamalaysia.com/market_information/announcements/company_announcement?keyword=&cat=AL%2CALCO&sub_type=&company=7123&mkt=&alph=&sec=&subsec=&dt_ht=01%2F08%2F2021&dt_lt=%23%2F%23%2F#/?category=all

=============
TAYOR

2022-08-10 12:30

cu29ok

Back to square soon.

2022-08-10 15:18

stainlyho37

legal matter solved ...logging business improving over 50% from early of the year !!..start with +ve earning..watch out now...

2022-11-02 09:34

awesome20

new gems
huge potential to be like cypark after new shareholder
keep monitoring

2023-01-09 19:36

awesome20

soon becoming 52w high stock

2023-01-16 20:27

whistlebower99

FOR NEWBIES

Directors back to share issuance activities after the last corporate exercise in September 2021

CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN PRICEWORTH INTERNATIONAL BERHAD HELD AT 5.00 P.M ON 6 SEPTEMBER 2021 INTO 1 PWI SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
Ex-Date 03 Sep 2021

==============
NOSH :-
13 Jan 2023 = 1,495,071,521
Dec 2022 = 1,454,122,521 (after multiple shares issuance for various purpose)
Dec 2021 = 540,529,680 (after shares consolidation)
June 2021 = 4,995,804,724 (before shares consolidation)

https://www.klsescreener.com/v2/stocks/view/7123/priceworth-international-berhad

===============
NOSH once again exceeded BILLION shares after undergone shares consolidation
Directors conveniently and successfully raised fund generating lots of money from shares issuance

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

===============
TAYOR

2023-01-17 10:42

whistlebower99

Details of corporate proposal Private placement of up to 10% of the total number of issued shares of Priceworth International Berhad
No. of shares issued under this corporate proposal 40,949,000
Issue price per share ($$) Malaysian Ringgit (MYR) 0.1109
Latest issued share capital after the above corporate proposal in the following Units 1,495,071,521
Listing Date 13 Jan 2023

=================
Selected lucky PP investors making more than 20% profit, upon listing of their shares
Long term retail shareholders that had went through share consolidation have to wait longer to break even

2023-01-17 11:16

Icon 888

Turnaround ?

2023-01-31 10:35

fhis

0.16 coming...

2023-01-31 15:14

ALAI44

Good news?

2023-01-31 16:57

bojed

Interesting chart.

2023-02-02 07:01

Icon 888

Turnaround ??

2023-02-02 16:08

awesome20

soon skyrocketing like picorp pjbumi

2023-02-06 17:12

rijack88

seem like slowly back on track based on logging history

2023-02-10 22:22

Icon 888

Turnaround ?

2023-02-15 12:02

Icon 888

Tunggu apa lu

2023-02-15 14:10

rijack88

slow,but steady..

2023-02-15 14:41

Icon 888

Breakout 0.18

2023-02-15 14:59

Icon 888

Go go go

2023-02-17 15:57

whistlebower99

FOR NEWBIES

Changes in Director's Interest (Section 219 of CA 2016)
Particulars of Director
Name ENCIK ADAM YUSUFF BIN ABD AZIZ

1 17/02/2023 44,525,300 Disposed Direct Interest
Consideration (if any) RM0.14

Total no of securities after change
Direct (units) 452,211
Direct (%) 0.030
Date of notice 17/02/2023

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3328696

=======================
Take note disposal by director

During AGM, shareholders should ask the director for the reason of disposal

=====================
TAYOR

2023-02-20 10:59

cu29ok

So quite...should be bad result announcing soon.

2023-02-22 15:51

ALAI44

Before announcement of the result, must press the price a bit...

2023-02-27 11:39

Icon 888

Recession come.. run

2023-03-26 17:26

Icon 888

Run la.. simpan wang dulu

2023-04-12 21:30

Icon 888

Not worth

2023-04-13 03:31

Icon 888

RHB trustee

2023-04-18 16:13

Icon 888

Better go now.. see u next year

2023-05-03 20:44

Icon 888

PH

2023-05-17 03:29

TCH1186

13c

2023-05-29 18:54

whistlebower99

FOR NEWBIES

PROPOSED CAPITAL REDUCTION

On behalf of the Board of Directors of PWI ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake a reduction of the issued share capital of PWI pursuant to Section 116 of the Companies Act, 2016 ("Proposed Capital Reduction").

Further details of the Proposed Capital Reduction are set out in the attachment enclosed.

This announcement is dated 5 July 2023.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3367211

===============
The Proposed Capital Reduction will eliminate PWI's accumulated losses via reduction and cancellation of the current issued share capital of the Company to more accurately reflect the value of the underlying assets and the financial position of the Company and enhance the financial profile of PWI Group with its bankers, customers, suppliers, investors, and other stakeholders of PWI Group following the elimination of the accumulated losses.

================
Convenient way to clean up the financial statement
Can repeat the process after it gets dirty in future

2023-07-06 12:35

WakKarto

More capital reduction? During this shit time? Surely there are a lot of shits to be cleaned up 😡

2023-07-06 18:01

CyrusQ


whistlebower99

FOR NEWBIES

PROPOSED CAPITAL REDUCTION

On behalf of the Board of Directors of PWI ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake a reduction of the issued share capital of PWI pursuant to Section 116 of the Companies Act, 2016 ("Proposed Capital Reduction").

Further details of the Proposed Capital Reduction are set out in the attachment enclosed.

This announcement is dated 5 July 2023.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3367211

===============
The Proposed Capital Reduction will eliminate PWI's accumulated losses via reduction and cancellation of the current issued share capital of the Company to more accurately reflect the value of the underlying assets and the financial position of the Company and enhance the financial profile of PWI Group with its bankers, customers, suppliers, investors, and other stakeholders of PWI Group following the elimination of the accumulated losses.

================
Convenient way to clean up the financial statement
Can repeat the process after it gets dirty in future

# Means ? Please explain & example ?

2023-07-25 09:25

awesome20

means rocket soon
huge volume collected cheap token already

2023-08-24 16:12

whistlebower99

FOR NEWBIES

Profit/(loss) attributable to ordinary equity holders of the parent -4,558,000

Back to quarterly losses

https://www.klsescreener.com/v2/stocks/financial-report/7123/2023-06-30

2023-08-25 11:47

Icon 888

Run

2023-09-18 16:05

Icon 888

Run Baby run

2023-09-19 11:53

whistlebower99

FOR NEWBIES

PRICEWORTH INTERNATIONAL BERHAD ("PWI" OR THE "COMPANY")

PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF PWI ("PROPOSED PRIVATE PLACEMENT")

On behalf of the Board, UOBKH wishes to announce that the listing application in relation to the Proposed Private Placement has been submitted to Bursa Malaysia Securities Berhad on 20 September 2023.
This announcement is dated 20 September 2023.

==========
Directors start again doing fund raising via shares issuance to PP, ESOS, maybe RI
Dilution of shareholders equity % and EPS
NOSH continue to increase
When NOSH hit multi billion shares, directors might do shares consolidation again

2023-09-20 22:10

Dehcomic01

I think with the exit of Eksons and Annum from the plywood business we are witnessing the end of the “independent” plywood manufacturers. In the past it was possible to be a standalone plywood manufacturer with it purchasing logs/timber from 3rd party sources. Today the plywood manufacturers are now like the palm oil mills. There are hardly any independent palm oil mills as estates supply to their own mills.
So we now have timber companies supplying to their own captive plywood plants. So it is no longer viable for Eksons. Refer to https://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=27024. The shift will benefit companies like PWORTH

2023-10-06 13:47

whistlebower99

FOR NEWBIES

Private Placement.

On behalf of the Board, UOBKH wishes to announce that the Board had on 9 November 2023 resolved to fix the issue price of the Private Placement at RM0.1129 per Placement Share.

The issue price of RM0.1129 per Placement Share represents a discount of approximately 9.97% to the 5-day VWAP of PWI Shares up to and including 8 November 2023, being the last traded day of PWI Shares immediately preceding the price-fixing date of RM0.1254 per PWI Share.



This announcement is dated 9 November 2023

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING | https://www.klsescreener.com/v2/announcements/view/5930489
=========
Directors again active in fund raising via shares issuance to PP, ESOS
NOSH hitting 1.5 Billion shares soon
Shareholders equity % and EPS will be diluted again and again

2023-11-09 20:36

whistlebower99

FOR NEWBIES

Private placement of up to 10% of the total number of issued shares of Priceworth International Berhad
No. of shares issued under this corporate proposal 44,286,980
Issue price per share ($$) Malaysian Ringgit (MYR) 0.1129
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following Units 1,539,358,501
Listing Date 20 Nov 2023

==========
Directors doing fund raising again via shares issuance to PP, probably ESOS soon
Shareholders equity % get diluted
Selected PP investors making instant profit with lower issue price.

2023-11-17 17:20

whistlebower99

NOSH now above 1.5 Billion shares
If directors continue to raise more funds via shares issuance to PP and ESOS, NOSH might increase further to multi BILLION shares
Don't be surprised when directors propose another shares consolidation exercise in near future

2023-11-17 17:23

Icon 888

Fxxx

2024-01-15 22:03

Lee Ying Yee

pp rsos ri ,,, how about the business ??? rubbish ?

2 months ago

winston1

Loss making company also can announce bonus warrant?

2 months ago

Icon 888

Why not..

2 months ago

Firefighter

This is a CON company - best to stay out!

1 month ago

Icon 888

Conman

1 month ago

Firefighter

No joke!

CON to the CORE!

2 weeks ago

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