Highlights
KLSE: PEB (5622)       PIMPINAN EHSAN BERHAD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
1.57   -0.07 (4.27%)  1.57 - 1.65  81,700
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Overview

Market Cap: 109 Million
NOSH: 69 Million
Avg Volume (4 weeks):234,594
4 Weeks Range:1.41 - 1.91
4 Weeks Price Volatility (%):
32.00%
52 Weeks Range:0.685 - 2.41
52 Weeks Price Volatility (%):
51.30%
Average Price Target:-

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2021 [#1]  |  30-Apr-2021
Next QR | Est. Ann. Date: 30-Jun-2021  |  26-Aug-2021
T4Q P/E | EY: -47.21  |  -2.12%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 1.0  |  1.57
T4Q NP Margin | ROE: 0.00%  |  -3.33%

Headlines

Date Subject
04-Jun-2021 Mplus Market Pulse - 4 Jun 2021
27-May-2021 PEB(5622)再次停牌、发布重要的企业活动
25-May-2021 PublicInvest Research Headlines - 25 May 2021
13-Apr-2021 THIS COMPANY HAD +130% IN SHARE PRICE WITHIN 3 MONTHS, HOW FAR CAN IT GO?
12-Apr-2021 实话实说 - 这家公司真的值得我们投资吗?
07-Apr-2021 Just Being Real: Does This STOCK Really Worth Its Salt?
01-Apr-2021 [转贴]《 与老板有约 》- PIMPINAN EHSAN BERHAD(5622)
29-Mar-2021 没买入这家公司,我真的后悔了。
24-Mar-2021 PEB (5622) - 太阳能收购案是来真的吗?!
24-Mar-2021 为什么 LSS4 公布后太阳能股反而不涨?
24-Mar-2021 热门股:PEB公司 上挑RM1.94
23-Mar-2021 Mplus Market Pulse - 23 Mar 2021
23-Mar-2021 PEB (5622) - IS THE SOLAR GAME A HOAX OR REAL DEAL?
16-Mar-2021 ARE SOLAR COMPANIES STILL CONSIDERED GOOD INVESTMENTS?
02-Mar-2021 热门股:PEB公司 上挑RM2.48
28-Feb-2021 PEB (5622), The True Solar Player in Town!
23-Feb-2021 THE NEXT 10X SOLAR STOCK THAT YOU SHOULD BUY NOW
23-Feb-2021 热门股:PEB公司 上挑RM2.27
22-Feb-2021 Mplus Market Pulse - 22 Feb 2021
22-Feb-2021 浅谈 PEB(5622)暂停交易,外加最近一系列的操作

Business Background

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.
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  6 people like this.
 
xetambaya More wise to invest for future prospect instead of current valuation, but no one can predict the future - we can only use available info & number to make a forecast about what's gonna happen next.

That say, friendly valuer is fine to me as long it is regulated and make sense, in the end it's always ur own decision to invest or not.
07/04/2021 3:40 PM
twynstar Lim Beng Guan, the new major shareholder of PEB, is a director in reNikola.

He expertise in corporate finance, not renewable energy.

He gets high paid from reNikola to maximize benefit for owners of reNIkola, not minor shareholders of PEB.

What will you do next if you were Lim Beng Guan?
07/04/2021 3:54 PM
winetime lol, everyone coming help is to learn and talking in polite way just like Azshah said, this is better than others counter already.

Who say people did not like negative news as they have already invested into the stock, some people will be very sensitive as they wish to know more what stock they are invested in.

When come to investment I agree that Investment need to do Risk Management but not on the way how you personally review and state the value. Value goes to market, not only market sentiment.

By the way, I still not agree about over valued, not only because I am supportive to PEB counter, is the Future in Demand game on current, At the past No one know crypto will fly so high too.

I think as a Investor be like Azshah is nothing wrong, skeptical and keep doing personal valuation to keep confirming what is the value behind a company, Even a project of LSS4 is important either getting it or not.

But as a investor I think knowledge is important, Reading comment is a supportive statement not the main object to buying a stock or holding a stock. I am not sure either Azshah could understand and Watching the live video of explanation about PEB of the live between 12invest and Renikola.

I guess most answer you can get on there. Well, when talking to value. I guess everyone have different point of view. TP is a only a concept of those 'guru' but there must supportive point behind.

Either the Value is worth 2.00+ we let the time show the outcome. When Come to investing, I think value of a company and the company future vision is important, you can reject the value of a company, but at the end, you can't reject the trend demand, just like crypto do. Additional that ReNikola business is working fine and performance well.

However I think Azshah might disagree what I say but still VALUE come first.
08/04/2021 4:54 PM
jazmaster I guess I'm a bit offensive but standing still to my personal opinion .

People concern more about the future value or the Current trend ?

Why not both, Solar is not working good ? Then Why Tesla and Alibaba is going this business.

Is about a convert century, data and energy will be what more concern in 5-10 years and even. In Japan, US and China. Tech and Energy is still on trend same goes to Malaysia.

Either PEB will be the leading company for Solar Sector. We will see it. During that time, The concern of everyone is different. Just like now, share price drop, you shout here shout there. But if you are a value investor. This is a company, why not buying it ? Uptrend you make profit, down trend , you make an average down.

Most important is not you buying expensive or cheap, Is you understand The value Behind it like winetime said.
08/04/2021 5:07 PM
ucrst2140q not gonna speak it out, but there's lots of valid point from everyone here. being sceptical is fine since you gonna understand what are u gonna invest anyway.
08/04/2021 5:12 PM
ucrst2140q hope the ppl here can help you to clear ur mind, its always nice to know the true value of a good company
08/04/2021 5:17 PM
uemcapital Wahhh.. today all comment so long . Hahaah
08/04/2021 5:20 PM
ctth20 From other solar company info, 12MW-15MW plant roughly cost 50mil-60mil.

reNikola is going to build a 330MW solar plant. Whats the cost?

I did ask the reNikola team during the live if they have the funding. They did not really answer the question. The host follow up asking them if they will do private placement to get part of the fund. No definitive answer either.

My main concern is how much funding they required for the 330MW plant?

They raised 390mil from sukuk.Is it enough?

I am a holder.

I like the story.

I am just poking around to try to understand more.

Asking question doesnt mean dislike PEB / dislike solar / spread bad words about the company.
08/04/2021 5:45 PM
terence775 Wa... what high quality discussion here.
08/04/2021 5:49 PM
Azshah Thanks winetime for your comment. I really enjoy the comments that has a different vantage points. Understanding other people's point of view always expand my knowledge on investment matters. The more I understand, I hope the better my stock picking skills becomes.
09/04/2021 9:21 AM
twynstar Solar in Malaysia - challenges, and too much of a good thing?

https://www.thestar.com.my/business/business-news/2021/04/12/solar-in-malaysia---challenges-and-too-much-of-a-good-thing
12/04/2021 11:53 PM
winetime KUALA LUMPUR (April 11): Solar enthusiasts are jumping on the bandwagon to promote the renewable energy (RE) source, harping that it is freely available and more cost-effective.

But is this true? And is too much solar a good thing? Let's explore this further.

Solar is available only during the day, thus you still need to cater for energy during the night. This will normally be provided by other conventional plants (i.e. coal, gas, and hydro). This means that conventional plants are still needed even though solar is introduced into the system.

Alternatively, battery can also be used to store some of the solar energy for the night. However, this comes as an additional cost.

Battery technology is still new and expensive with a current price tag of RM5,000/kW, compared with RM3,000/kW for the typical cost of a gas plant. Not only are batteries for the power system costly, they can only be used for a limited time, depending on their type and design.

A 100MW solar plant is not equivalent to a 100MW conventional plant in terms of generation capability. This difference is mainly in the capacity factor.

Capacity factor is the ratio of total actual energy generated over a period of time to the energy that would have been produced if the plant had operated continuously at the maximum rating. The capacity factor of a solar plant is around 17% while that of a gas plant can go up to 80%.

For example, in a year, 100MW of solar can only generate 149GWh of energy whilst a gas plant of the same capacity can generate up to 700GWh of energy. Thus, about five solar plants are required to generate the same amount of energy as a single gas plant of the same capacity.

Adding to the challenges, solar is not controllable or dispatchable, compared to conventional plants that can be controlled as required. Thus, solar energy must be accepted into the grid as it is generated.

This presents a problem during periods of high solar generation on low demand days (weekend or public holidays) which can trigger excess supply to the system.

Given this scenario, conventional plants may have to be reduced or shut down to give way to solar generation, thus affecting system security.

Malaysia has very high cloud cover and this results in high intermittency of solar output. This intermittency requires further support from the grid system particularly conventional power plants to ensure continuous energy supply to customers.

Although the rated capacity of solar plants may be high, it is only able to contribute 17% to meet the system reserve margin requirement. The remaining reserve margin needs to be supplemented by installation of conventional plants.

The cost of system support during the daytime, supplementing the reserve margin and maintaining conventional plants and battery storage at night represents the integration cost of solar into the system, which is over and above that of its generation cost.

On the question of having too much solar in the system, we can learn from Australia's experience.

Australia has a high rooftop solar penetration due to a liberal approach taken earlier by its government in promoting RE. The Australian Energy Regulator is now considering to charge a tariff on rooftop solar owners who inject solar power back into the grid during peak hours.

According to the Australian Energy Market Commission which proposed the tariff, exporting solar to the grid would cause power congestion and affect stability of the system, therefore, charging households would help reduce electricity "traffic jams".

In this context, too much solar remains a question as to whether it is a good thing as the RE will no longer be cheap if it comes with additional charges and penalties.

It must be appreciated that if a massive and accelerated solar programme is embarked upon, there will be significant additional costs incurred from solar integration into the system to ensure system security and reliability. These additional costs will invariably be passed on to the consumers.

A fair and equitable distribution of RE integration costs to all consumers is necessary to avoid "cost shifting". The government's plan of introducing solar is very encouraging and appropriate but must be carried out in a systematic way to ensure maximum value of solar capacity whilst ensuring system reliability and security.

A cautious approach by the government is certainly welcome and prudent.
13/04/2021 2:57 AM
justinwee87 So many different opinion on this counter, Very good, It must be a well sharing counter,
Anyhow just read some quality article through and go through all the comment from above. I found out PEB is very good even there are different voice on the counter. Anyhow for future investing. My personal opinion for this counter is actually not and I had chip in a portion to PEB counter at early morning.
13/04/2021 12:36 PM
justinwee87 What do you seek in investing in a company?



Is it Dividend? Capital Gain?



Or both?



Well, ultimately every single investor just wants to maximize their return at a level of risks that they are comfortable with. Most investors, however, are overly risk-adverse or risk-taking. It is extremely hard to strike a balance in between.



But if you are one of those risk-taking guys who are keen to aim for > 100% return, you had come to the right place. This company that I’m going to share with you is being underestimated by most investors – including mainstream medias. This undervalued gem is Pimpinan Ehsan Berhad (“PEB” or the “company”).
13/04/2021 12:41 PM
justinwee87 In hindsight, you would not find anything interesting about the company itself as it is an empty shell where Bursa has categorized this company as “Cash Company”, and PEB had been tagged as a PN 16 company. To those who are new to the term, PN 16 is merely a grouping by Bursa for companies who do not have a core business or major revenue contributor after disposing their core business. PEB is one of the greatest examples of all.


Now, PEB is having a war chest of RM70.3 million ringgit in cash in the company, pending for potential expansion plans. But what’ so special about a company sitting with a pile of cash?

Nothing.

BUT! A huge but for this company is, PEB is undergoing a reverse takeover (“RTO”) exercise by reNIKOLA group of companies. I do not want to bore with the corporate structure of this company, but PEB is going to go big after the RTO.
13/04/2021 12:44 PM
justinwee87 Why?

The newly injected “assets” are extremely valuable in my personal experience and based on market valuation in its peers. Upon completion of the RTO, PEB will be one of the largest solar renewable energy players in town. You heard me right – LARGEST SOLAR RENEWABLE ENERGY PLAYER.

The term “solar” and “renewable energy” is so hot in the market that, two newly listed companies in 2020 had transformed into multibaggers in a year of time. I do believe you know who are they, right?

Nevertheless, I must stress that PEB is different from the said solar companies. Imagine if the said solar companies are contractors, then PEB is the “developer & asset manager” in a property sense. In fact, PEB is the operator of solar farms that would be constructed by these companies.

Had you noticed that our country is going green?

It is not just “our country”, but the trend is on a global scale. Energy sector is transforming from the traditional coal fire electricity generation to renewable energy generation to reduce carbon emission to prevent further global warming. I like heat, but not in this way!

Factually, PEB currently had 3 in-operation solar photovoltaic plant on hand. The capacity of these plants is 5 MWp, 38 MWp and 45 MWp, respectively. How big is one MWp? An average household would consume approximately 20 kWh per day, and a 10 MWp solar power farm could translate into 14.9 GWh in power for household consumption.

In short, 1 kWh = 0.00000010 GWh. You can do the math.

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. Now do you see the potential of this company?

However, these assumptions are made on a successful RTO of PEB. Can it really be successful?

By no means I’m the seer in stock market. But rationally, the ultimate owners of reNIKOLA had purchased up to 66% of ownership in PEB with their cash. If you are the owner, would you let the deal fail?


I believe not.
13/04/2021 12:45 PM
justinwee87 Hence, PEB’s RTO case is almost, indefinitely in the bag. Based on the company proposed timeline, the company should have a proper signing of share sales agreement (“SSA”) latest by June. How does that affect us?

I had mentioned that PEB could potentially give a 100% or more in return, right? To achieve that, the company MUST complete the injection of assets by issuing new shares. The market is currently valuing this company with a cash of RM70.3 million ringgit on hand at a total market capitalization of RM 111.0 million ringgit. I bet you couldn’t find any deal as such in the market!

Everyone is waiting for the valuation and dilutive effect of reNIKOLA to be finalized. But let me ask you this – if an information is public, how are you going to benefit from it?

You simply can’t.

This is why, buying PEB now is a potential risky move; but at the same time you could build a position in the company before the market knows about it. Do bear in mind the 66% of the shares are in the new management’s hand. They could not dispose it without making a public announcement, and as you can see from the chart, the share price is consolidating. What does this mean?

It means, someone is collecting PEB’s shares quietly.

If you cannot beat them, simply join them. PEB is one of the rare case where there is still opportunity to double due to lack of knowledge by the general public on the company.

Now, it is up to you to decide.

Do you want to chase after the share price when it spiked a 30% - 50%, or would you like to allocate an acceptable amount of capital for a potential 100% return investment?


I will leave the final decision to you.
13/04/2021 12:45 PM
justinwee87 https://klse.i3investor.com/blogs/afsskylimit/2021-04-13-story-h1563303579-THIS_COMPANY_HAD_130_IN_SHARE_PRICE_WITHIN_3_MONTHS_HOW_FAR_CAN_IT_GO.jsp
13/04/2021 12:50 PM
justinwee87 This is the article source by the way
13/04/2021 12:50 PM
winetime My concern is not only Solar now!
Renewable Energy - the NEXT big thing going to be.
13/04/2021 1:03 PM
ucrst2140q Regarding about the Start article, more renewable energy is always a good thing, with good approach & regulation, I strongly believe solar energy is the future
13/04/2021 3:45 PM
ucrst2140q Once the roadblock of this RTO is cleared, expect big turnaround from PEB
13/04/2021 3:49 PM
caonima holland qr
30/04/2021 8:07 PM
terence775 what did you expect? the company has no ongoing businesses LOL
02/05/2021 7:14 PM
terence775 If you buy expecting the QR to show anything I really don't know what to say.
02/05/2021 7:18 PM
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.
06/05/2021 9:48 AM
Azshah I would buy at RM1.50, I think is good value
06/05/2021 9:49 AM
terence775 Alamak, cannot every 5sen drop buy 100 lot right hahaa
10/05/2021 2:09 PM
Azshah The price of reNikola is outrageous. PEB shareholders beware, buying reNikola that is grossly overstated. Latest news.
19/05/2021 9:55 AM
Azshah I'm selling all my PEB shares.
19/05/2021 9:55 AM
TSN001 Appreciate you share the latest news.
19/05/2021 10:58 AM
Rinshad26 go go peb
20/05/2021 10:37 AM
Azshah the push up in price is to build momentum for the eventual purchase of reNikola by PEB which is coming soon.
20/05/2021 10:41 AM
terence775 Azshah, changing your mind so quickly?
20/05/2021 10:48 AM
Azshah let's wait for today or early next week announcement on the purchase of reNikola....A lot of you guys will be dissapointed.
21/05/2021 4:46 PM
Azshah let us all vote "No" to the exorbitant purchase price
21/05/2021 4:48 PM
terence775 How can you vote when you've already sold your shares? haha
24/05/2021 10:05 AM
ilovesoya What does the latest proposal means? lol
24/05/2021 4:34 PM
terence775 It means they have terminated the proposal to delist the company.
24/05/2021 5:09 PM
terence775 Bro RM 373mil to acquire the whole of renikola is expensive? are you crazy? it's cheap!
24/05/2021 5:20 PM
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.
24/05/2021 5:29 PM
ilovesoya @terence775 thank you, thought they wanna delist the company haha
24/05/2021 5:33 PM
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.
24/05/2021 6:13 PM
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.
25/05/2021 9:32 AM
unclecalvinchu there's rumors of Topglove working with PEB/reNikola to build solar farm soon
14/06/2021 4:24 PM
unclecalvinchu good opportunity for PEB now?
14/06/2021 4:25 PM
hoot9eonly Something big is coming ?
14/06/2021 4:37 PM
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
15/06/2021 4:55 PM
Goldberg Top Glove investing in solar energy via PEB/reNikola ?
With TOPGLOV RM7.1 billion net profit in 9MFY2021, it is very reasonable for the company to utilize the cash for something more beneficial for the outlook of the company apart from doing share buybacks. That is, investing in solar energy.

We understood that despite that are a few listed solar players in our market, but there is only 2 players with the ability to develop and operate the solar farm. The 2 companies are CYPARK (KLSE:5184) and the recent solar energy star – PEB (KLSE:5622) via reNIKOLA.

Normally solar farm operators would sign a PPA with TNB in order to supply them with a consistent stream of energy. But based on the latest slides of PEB/reNIKOLA, did you notice the potential party for PEB/reNIKOLA is somewhat other than TNB?

With TOPGLOV’s announcement of them partnering with a renewable energy developer, don’t you think that all these stars aligned too “coincidently”?

I believe that PEB’s share price is still under the collection phase of operator, hence the refusal of TOPGLOV to mention their name. There might be due announcement in the future... who knows?
17/06/2021 12:34 PM
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.
17/06/2021 8:16 PM


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