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
0.095 - 0.095
Trading Volume
135,500
Overview
Market Cap
152 Million
NOSH
1,604 Million
Avg Volume (4 weeks)
825,750
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
0.095 x 321,500
Ask
0.10 x 1,201,700
Day's Range
0.095 - 0.095
Trading Volume
135,500
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
News and Blogs
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
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
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
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
new gems
huge potential to be like cypark after new shareholder
keep monitoring
2023-01-09 19:36
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
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
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
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
More capital reduction? During this shit time? Surely there are a lot of shits to be cleaned up 😡
2023-07-06 18:01
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
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
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
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
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
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
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
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