ag区块链百家乐

Short Position - What now for PUC?, The great squeez

Allbet登录网址 2022年11月08日 社会 6 2

新2代理网址www.hg108.vip)实时更新发布最新最快最有效的新2网址和新2最新网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,新2网址大全。

Getting expensive:As long as food prices keep rising, that will also create hardship among the lower income population who might unfortunately, be asked to make money saving moves including skipping meals.

What now for PUC?

LOSS-MAKING ACE Market-listed PUC Bhd was one of those who did not succeed in winning a digital bank licence.

The company’s bid was an interesting one – reports had indicated that its bid would have included a partner in the form of the Genting Group.

GPVF Sdn Bhd, an indirect subsidiary of Genting Plantations Bhd, the plantation arm of the Genting Group, had taken up a placement of shares in PUC.

Fast forward to today, and it is left to be seen what will become of PUC and its shareholders. PUC’s latest annual report shows that the single largest shareholder remains the Genting Group, by virtue of GPVF, with a 10% stake.

The second largest shareholder is Matrix Edge Venture Sdn Bhd (MEV), whose shareholders in turn include Datuk Seri Adnan Wan Mamat (40%), who is also a director of a subsidiary of the Royal Pahang Durian Group.

MEV owns 7.7% of PUC, and also secured those shares from the same previous placement exercise by PUC. The shares were placed out at 12.5 sen each.

PUC CEO Cheong Chia Chou holds a mere 3.59% stake in the company, the annual report reveals.

PUC shares trade at a mere 4.5 sen a piece today. For its latest quarter ending March 31, PUC reported a loss of RM7.9mil, indicating that its existing technology business just isn’t cutting it.

,

新2网址www.99cx.vip)实时更新发布最新最快最有效的新2网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,新2网址大全。

,

Its full year loss for FY2021 hit RM60mil.

After a 2020 streamlining exercise, PUC has two business segments, namely media, advertising and digital imaging businesses, as well as the Presto platform businesses comprising eCommerce and digital payment services.

The group is also exploring opportunities in food delivery, and digital moneylending business.

What now for the big name shareholders of PUC? Will they be able to recoup their investment loss into this company or do they have bigger plans for it, considering their significant shareholding?

A positive point is that PUC has RM19mil in cash with debt of only around RM3.4mil.

The great squeeze

IT was a headline number that will surely send policy makers into a headspin when the rate of inflation shot up to 3.4% in June.

The jump from May was large when the price of goods and services rose 2.8%.

The inflation rate of 3.4% surely tops the upper end of what the authorities had forecast inflation to be for 2022.

With inflation forecast to reach between 2.2% and 3.2% for 2022, the odds are that inflation has not done posting the large increases that are biting into the spending power of consumers.

ag区块链百家乐声明:该文看法仅代表作者自己,与www.allbetgame.us无关。转载请注明:Short Position - What now for PUC?, The great squeez
发布评论

分享到:

澳洲幸运5是哪个国家的(www.a55555.net):Johor MB called to speak about his role in Mindef land swap deal, says PAC chief
2 条回复
  1. 胜负彩开奖(www.99cx.vip)
    胜负彩开奖(www.99cx.vip)
    (2022-10-14 00:09:07) 1#

    新2正网代理开户www.hg108.vip)是一个开放皇冠正网即时比分、新2正网代理开户的平台。新2正网代理开户平台(www.hg108.vip)提供最新皇冠登录,皇冠APP下载包含新皇冠体育代理、会员APP,提供皇冠正网代理开户、皇冠正网会员开户业务。
    喜欢晚上看

  2. 皇冠投注平台出租(www.hg108.vip)
    皇冠投注平台出租(www.hg108.vip)
    (2022-11-08 00:09:58) 2#

    众口难调,我打80分

发表评论

◎欢迎参与讨论,请在这里发表您的看法、交流您的观点。