Highlights
KLSE: PASUKGB (0177)       PASUKHAS GROUP BERHAD ACE : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.095   0.00 (0.00%)  0.09 - 0.10  21,033,600
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Annual Report

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[1] Click the View Annual Result icon table to view the annual result page.

Financial Year Annual Audited Account Annual Report View
Ann. Date Ann. Date
31-Dec-2020 30-Apr-2021 View Annual Result
31-Dec-2019 05-Jun-2020 View Annual Result
31-Dec-2018 29-Apr-2019 View Annual Result
31-Dec-2017 25-Apr-2018 View Annual Result
31-Dec-2016 28-Apr-2017 View Annual Result
31-Dec-2015 29-Apr-2016 View Annual Result
31-Dec-2014 30-Apr-2015 29-May-2015 View Annual Result
31-Dec-2013 30-Apr-2014 02-Jun-2014 View Annual Result
31-Dec-2012 30-Apr-2013 View Annual Result
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  12 people like this.
 
purple70 STAY AWAY.....Let them burn themselves!
23/07/2021 6:55 PM
651158 Why director don't no how to contact the share market just let it drop only
23/07/2021 9:16 PM
hh223 Syndicates are fooling themselves, let them bite their own bullets !
24/07/2021 12:09 PM
Citadel9999 Post removed. Why?
24/07/2021 12:44 PM
whistlebower99 _________________________________________No. of Rights Shares____% of total issue
Total valid acceptances__________________________186,547,381________18.80
Total valid excess applications____________________805,442,371_________81.16
Based on the high % of excess applications, there might be more substantial shareholders (5% and above) who have yet to declare their shareholding to Bursa regulators.
At this moment we only know JOE Holding Berhad accumulated 21.58% and MSW holding 4.63%. Could the underwriter be the major shareholder too?
Wait for more announcements on Changes in Shareholding in coming days.

Better to stay at sideline and watch how the big boys fight each other to free up their money from here.

TAYOR.
24/07/2021 12:46 PM
whistlebower99 Joe Holding Berhad spent RM24,972,000.00 for the 21.58% stake. PASUKGB collected around RM99 million from this exercise.
Who are the big boys contributing most of the remaining RM74.5 million and trying to release their shares & warrants to the market?
24/07/2021 12:59 PM
suffianfauzi Wa can goreng2?
24/07/2021 2:43 PM
651158 Must be can cooking
24/07/2021 11:01 PM
651158 Tomorrow see can get 0.010 sen wa or not
25/07/2021 11:55 AM
suffianfauzi Aiyoo.. Dont move down lagi.. I level 2sen niee.. Haha
25/07/2021 3:16 PM
f4f4 Play Black for 3 years in warrant. If down to 0.01 in seller buy 10m only 100k.
25/07/2021 8:19 PM
mf In United States of America, from 3 January 2020 to 5:11pm CEST, 23 July 2021, there have been 33,875,385 confirmed cases of COVID-19 with 604,546 deaths, reported to WHO
25/07/2021 9:41 PM
651158 Anytime can be like Boom
26/07/2021 7:49 AM
651158 Today my 0.010 WA is coming
26/07/2021 7:50 AM
651158 Anytime can be cooking
26/07/2021 7:51 AM
AlfI3 Cooking more painful than goreng....!
26/07/2021 8:12 AM
cunoldfox pls..delist all fintec con group stock...pls
26/07/2021 8:45 AM
cunoldfox there is no purpose for this group existence
26/07/2021 8:46 AM
cunoldfox after focus,pasuk pulak, after pasuk, lambo pulak..nmkc hai..
26/07/2021 8:48 AM
Gtrade If the Mercury?mak siew wei gang cannot push up Lambo which has only issued share of 199m, how on earth you think they can push up Pasukhas with 1157m shares? Dont touch Pasukhas . 8c coming.But the coman syndicate will pretend to hold the price at 9.5c for more victims to come in.

Those who chase at 12c last week were trap by the Gang Rapist already
The next batch of trap victim are 10c last 2 days
26/07/2021 10:51 AM
651158 So many people waiting 0.010sen, difficult get 0.010
26/07/2021 10:52 AM
Gtrade if it can reach 1c, run for your life, because another new issue of 5 shares for every existing 1 shares maybe be initiated.
26/07/2021 10:57 AM
Gtrade bad karma is visiting Mercury and the Gang Raping syndicate....100m rgt stuck@10c picking up excess unwanted right issue by the public. do not buy at 9c. gang rapist just waiting to sell at 9.5c to cutloss and escape. Watch out AT speculators,165million stale bulls may be waiting to dump at 7c
26/07/2021 12:14 PM
cunoldfox consolidate again next year when go push down to 2 cents


wahaaaa..Karma is waiting for the ceo
26/07/2021 12:18 PM
Gtrade karma sometime hit the ceo son,wife or daughter.It is painful to see next of kin suffer,parlysed instead of the CEO himself. Than he will start to ask why evil things happen to them....
26/07/2021 12:24 PM
Universe No more Right Issue, it is done. Now mother shares is only 1.157B. Don't needs to panic sell.

WA at 1.5C is undervalue , ex price only 10C, wait for rebound only sell, 3 years is long enough to keep for a while.
26/07/2021 12:26 PM
Gtrade the gang rape syndicate no 1 agenda is to get cash from public. they are stuck with about 100m rgt for unwanted right issue. Now if they can dump topublic at 8c also they will do it.You can be sure once they escape from the 100m rgt trap,the price wil plunge to 5c , instead of going up to 12c
26/07/2021 12:31 PM
Citadel9999 daisei
26/07/2021 12:32 PM
cunoldfox in fact this fintec con group should exist in bursa at all.
26/07/2021 1:07 PM
cunoldfox push up to sky limit n made huge profit n later push down .their existence is not doing business
26/07/2021 1:09 PM
cunoldfox con stock..con stock....
26/07/2021 2:17 PM
Universe Right, most retailers like to chase to sky high, and curse con stock after all sharks have cleared their stocks to cause panic sell at low. They then waited for another push up to chase high.
26/07/2021 3:12 PM
Good123 Maafkan mereka. Move on, usah mengeluh :)

Sendiri pilih sendiri tanggung!







Date Range Close
26/07/2021 0.085 - 0.10 0.09
23/07/2021 0.095 - 0.115 0.10
22/07/2021 0.10 - 0.125 0.105
21/07/2021 0.08 - 0.125 0.11
19/07/2021 0.10 - 0.12 0.105
16/07/2021 0.11 - 0.175 0.125
15/07/2021 0.175 - 0.265 0.195
14/07/2021 0.225 - 0.415 0.23
13/07/2021 0.295 - 0.59 0.33
26/07/2021 5:40 PM
Good123 Sesiapa yg membeli pada 59sen, Kini tinggal 9sen, 50 sen dah tiada :)
26/07/2021 5:45 PM
TrippleZ 50sen tidak hilang. Sudah pindah ke account saya :)
26/07/2021 5:46 PM
whistlebower99 For newbies

Disposal of PASUKGB shares by JOE Holdings

1. On 23 July 2021 disposal of 53,410,000 ordinary shares in PAUSKGB for a total consideration of RM5,609,118.20
2. The Disposal consideration was based on the market price of RM0.10502 per share
at the point of disposal.
3. The original cost and estimated proforma gain from the Disposal is RM5,3410,000
and RM268,118 respectively.
4. Arising from the Disposal, the shareholdings of JOE in PASUKGB will be reduced from 249,720,000 ordinary shares, 21.58% to 196,310,000 ordinary shares, 16.961%.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3177878

------------------------------------------------------------------------
As anticipated, the big subscribers of rights will try to dispose their rights shares even if the price is close to the rights price of 10sen. There are still profits to be made as they have the free warrants which can be sold to reduce their cost price.

-------------------------------------------------------

Trade with care.

https://klse.i3investor.com/blogs/Whistlebower99blog/blidx.jsp
26/07/2021 9:21 PM
whistlebower99 Has been 5 trading days since the listing of rights shares and free warrants. Expect announcements on Changes in Shareholdings of directors and substantial shareholders to be published soon.
We will then have more details on the big subscribers of rights issues and their holdings as well as any disposals.

Trade with care
27/07/2021 8:33 AM
Good123 Mak balik main saudee kini kot? :)

SAUDEE - MAK SIEW WEI IS INVESTING BIG IN THIS STOCK !!!



1. Mak Siew Wei is Currently Executive Director of SAUDEE and also sits on boards of few other public listed companies

Below info taken from latest 2020 Annual Report. As we can see, Mak Siew Wei had been appointed Executive Director of Saudee since August 2020.

He is a prominent person in the public listed space, and also sits on few other boards such as AT Systematization Bhd, Advance Information Marketing Bhd, Green Ocean Corporation Bhd, Pasukhas Group Bhd.

Believe that his expertise will be valuable to SAUDEE in the upcoming future.







2. Undertaking to subscribe rights issue - a show of BIG confidence !!!!

SAUDEE will be undertaking a right issue to expand its production capacity. From the document, we can read that Mak Siew Wei, has undertaken to subscribe the minimum required quantity for this rights issue to move forward.

Should this scenario happen, he will be holding about 30% of SAUDEE after the rights issue has been completed, and 100% of the new warrants.

This understaking shows a big confidence by him in the purpose of the right issue and the future of this company.



3. The main purpose of the rights issue is for expansion ( a good thing ! )

Refer below notes taken from the rights issue document. At the minimum scenario, the funds will be used to construct a new cold room, to increase capacity of product loads.

This purpose of rights issue is seen as a positive thing, as the funds will be used for expansion and not to pay debt.

At the maximum case scenario, the company will utilize the funds for expansion of production capacity and other necessary work besides the construction of cold room.






4. Technical Analysis - Bankers chips increasing position in 60m chart, reverse trend breakout

Let's take a look at the 60 minutes chart of SAUDEE using Homily software:





A few observations:

i. We see that the price has broken up above the resistance line, indicated by the change of colour from green to pink. This means that the downtrend has changed to an uptrend

ii. Red chips have started to increase by more than 50%, and green chips have been reduced (weak sellers have been flushed out). This show more long term holders are buying into this stock and holding on for higher prices

iii. If price continue trending then price should be able to test resistance around R1 43c, then R2 50c.



5. SAUDEE WA - A potential high gainer with the right momentum and sentiment

Let's take a look at SAUDEE WA profile. We note that the expiry is about 1 months ++ to go, however, the strike price of 50c is quite reasonable for the time left.

With a premium of 51%, this warrant might surge higher should the mother shares see strong momentum in the upcoming weeks.



CONCLUSION

Based on my opinion, SAUDEE should be given attention in coming weeks, based on below:

i. Mak Siew Wei as Executive Director of SAUDEE who also sits on many other public listed boards, a value adding gem

ii. Undertaking of rights issue, showing a big sign of confidence in the company future expansion

iii. The funds from right issue will be used to construct a cold room to increase product capacity ( a positive sign for investors )

iv. Chart shows that red chips have been increasing position steadily in last few sessions, indicating investors are holding on for higher prices

Thanks for reading and see you in the next post.

THE ABOVE IS NOT A BUY OR SELL CALL AND IS ONLY A PERSONAL OPINION ARTICLE AS A SHARING TO BSKL COMMUNITY MEMBERS.

Yours Truly,

INVESTHOR
27/07/2021 9:02 AM
Good123 Mak dah balik saudee ka? :)

Ingat!

On Aug 11, Mak Siew Wei was appointed as executive director of the company.



Credit: TheEdge

Mak is also a director in:

1. AT Systematization Berhad

2. Green Ocean Corporation Berhad

3. Advance Information Marketing Berhad

Mak's entry into those companies, have seen new business ventures being announced followed by big movements in their share prices.

This could be an indication of what is to come for Saudee.



Why do these new developments make Saudee interesting?

First of all, the DBT involving Tan's 53.8 million shares was done at a price of 40 sen.

Meanwhile, the open market disposal of Khoo's 20 million shares were done at 55 sen.

This means that the new shareholders cost would rougly be at 44 sen, if not higher.

Why is he paying 44 sen for a loss making and debt laden company?

As of July 31, 2020, the company was in a negative cash position of RM3.99mil.

Furthermore, the company has long term debts of RM4.98mil and short term debts of RM22.01mil.

This means the company has total debts of RM26.99mil.

Sources close to the new major shareholders say the first thing on the agenda is to pare down Saudee's huge debt as soon as possible.

"The new major shareholders want Saudee to be a zero gearing company. That's the priority before thinking about any business expansion. This will save the company lots in terest payments," said the source.

Once that is done, then the new shareholders have plans to turn the business around. They see potential in the food business, and furthermore, Saudee has already secured a few new export markets.

"With an injection of funds, Saudee's Sungai Petani plant can be ramped up, and perhaps by next year, the company will start seeing some contributions from the export markets," said the source.



Worst is Over

On a brighter note, it does appear as if the worst is over for the company.

Saudee had embarked on a huge kitchen sinking exercise, which saw the company record a loss of RM27.78mil for the nine month period to July 31, 2020.

For the third quarter alone, Saudee recorded net losses of RM19.68mil on the back of revenue of RM19.47mil.

In its filing to Bursa, Saudee said that the losses incurred in the third quarter were mainly due to the provision of allowances for slow moving inventories and the write-off of inventories amounting to RM17.40mil and RM25.40mil respectively.

Thus this also implies that the new shareholders are coming in at the tail end of Saudee's impairment and write-off exercise.

With most of the cleanup completed, it will be interesting to see whether Saudee on its own, will be able to turnaround in the coming fourth quarter results.



Moving forward

As it eyes to recover from its losses in the previous years, Saudee aims to transform itself to become the premium food manufacturer in Malaysia and in the Southeast Asian region.

According to its website, the Group is looking at:-

Embarking on an aggressive plan to expand and venture into the Middle East and European markets

Establishing a world class supply chain

Upgrading to the most modern and latest machinery and processes

Integration of information and communication technology.
27/07/2021 9:15 AM
whistlebower99 @Good123,

SAUDEE

The person behind Credit Suisse nominee account very active in July, doing both buying and selling, some on same days.

On 5/7/21, it holds 40,176,800 shares (5.639%)

After days of trading, it disposed 28,924,800 shares on 22/7/21, leaving with 36,510,900 shares (5.114 %).


https://www.bursamalaysia.com/market_information/announcements/company_announcement?keyword=credit%20suisse&cat=SH%2CCHSH&sub_type=&company=5157&mkt=&alph=&sec=&subsec=&dt_ht=&dt_lt=%23%2F%23%2F&page=1#/?category=all

More like right pocket to left pocket to generate daily volume
27/07/2021 9:30 AM
Good123 Mungkin, kasino kat genting belum buka, ada platform untuk berjudi/spekulasi disini ? :)
27/07/2021 10:24 AM
651158 Anytime can be like Boom , up to the sky ha ha ha just buy and keep more
27/07/2021 10:29 AM
Gtrade The Gang Rape Syndicate members already throw 54m pasukhas shares on July 23th, that means they are dumping shares to get backtheir 100m rgt capital stuck at 10c unsubscribed right issues. GRS traped 845m shares by unsubscribed shares. Since 54m shares dumpng has been confirmed,more likely GRS willnot pump up,rather will maintain price at 9-10c to continue exiting and recover their 100m cash. 100m rgt cash is now in Pasukhas bank acc. Will GRS members lose money? yes now they may lose about 5-20mrgt. but don't forget, there are 100m rgt in Pasukhas bank acc. Next they will goring one counter up 300-500% and use the 100m from Pasukhas to buy at the tops. So pasukhas will be drain dry. So earlier 20m rgt from loses is become 500% gain. 100m capital become 500m rgt

so don't hold Pasukhas.It will be gang raped till dead.
27/07/2021 1:29 PM
651158 Just left right only today
27/07/2021 3:59 PM
651158 No big amount
27/07/2021 3:59 PM
whistlebower99 For newbies

Big boys still shy to announce their shareholdings and their transactions. They might have 7 - 10 trading days to do it.

Just wait. Should be soon.

Trade with care, not be greedy and get stuck for years.

https://klse.i3investor.com/blogs/Whistlebower99blog/2021-07-21-story-h1568700650-PASUKGB_Multiple_Proposal_of_Share_Consolidation_Rights_Issue_With_Free.jsp
28/07/2021 10:20 AM
Gtrade SANICHI RIGHT issue on Apr 2021. billions of shares. At least $100m rgt already come into Sanichi bank account. Sanichi price has been gang-rape by non-stop PP/RI/ESOS from 60c to 3c now
So what will the $100m rgt in Sanichi be used for?

Meanwhile another counter ,BSL Corp has been going up from 10c to 1.30 now, while Sanichi is being rape to death.
And the wonderful news is Sanichi boss is buying it at 1.20 or since 10c?
The $100m rgt question is will Sanichi emerge as ultimate buyer? At 1.30?
Remember AT sys use its right issue money, to buy ASdion at the peak 50c Now Asdion is 21.5c
AT now now no money to built 2.6b glove production capacity. Now only can produce 250m pcs last qtr
29/07/2021 11:07 AM
AlfI3 Really sad to know abt AT's encounter. If not mistaken, it was the top volume superstar for weeks during few mths back
30/07/2021 8:06 AM
Good123 Anggap syer pasukhas macam Sampah pulak, baru dapat dah buang begitu je

KUALA LUMPUR (July 26): JOE Holding Bhd, formerly known as GPA Holdings Bhd, said its wholly-owned subsidiary GP Autobat Sdn Bhd has disposed of 53.41 million shares, or a 4.619% stake, in ACE Market-listed Pasukhas Group Bhd via the open market for RM5.61 million or 10.502 sen per share.

The automotive battery and component maker said the rationale of the disposal enables the company an opportunity to realise some gains from the investment.

In a bourse filing today, JOE Holding said the original cost and estimated proforma gain from the disposal were RM5.34 million and RM268,118 respectively.

"The proceeds from the disposal will be used for working capital," it added.

Arising from the disposal, the shareholding of JOE Holding in Pasukhas will be reduced to 196.31 million shares, or a 16.961% stake, from 249.72 million shares, or a 21.58% stake, previously.

Pasukhas is engaged in the mechanical and electrical engineering services, civil engineering and construction services, manufacturing of low voltages switchboards, trading of coal, river sand and equipment, renewable energy, rental property and property development segments.

JOE Holding shares closed down 0.5 sen or 12.5% at 3.5 sen today, bringing a market capitalisation of RM107.07 million. Pasukhas shares also settled one sen or 10% lower at 9 sen, for a market value of RM104.2 million.
30/07/2021 2:13 PM
Gtrade Someone says MSWei is confident in Saudee.
yes he say same thing about AT, than AT drops from 25c to 6c instead of going to 50c he target.
Now be careful the same thing will happen, Saudee will sink to 5c instead of going up to 20c
30/07/2021 9:02 PM


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