George_ Soros's comment on PUNCAK. All Comments

George_ Soros
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Puncak 24th AGM 讨论事项:
1. Puncak 的业务属于essential services,因此Covid-19对公司带来的影响并不大。当然有很多有关供应商在这段期间不能施工,管理层将继续评估风险。
2. 2020财年里,Puncak 开始转亏为盈。管理层对于未来两年依然保持乐观并且有信心继续创造盈利。
3. Order Book- Bunus 和Kuantan Project 加起来一共还有 RM250 mil剩余订单 ,直至2022年6月合约结束为止
4. 管理层有信心接下来将继续获得政府颁发有价值性的发展项目。
5. 目前工程上面对的问题包括第三方承包商的延误,比如 Duke3/Suke,Suhati承包商等,因而导致工程脱离进度以及提高开销,但影响不大。
6. 种植领域- 管理层计划于 2021 财年实现 70,000 吨作物总产量的计划。
7. 2020财年里,公司耗资了约 RM7.3 mil 用于购买车辆和机器的资本支出,以提高种植园的运营效率。当然这将为公司大大提升种植领域的利润。
8. 种植科技包括:无人机采购农业讯息,超低容量(ULV)喷射技术等。
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George_ Soros
9. 医疗保健服务业 - Puncak 继续为 UiTM Puncak Alam 医院提供各式服务(长达接下来22年之久),包括清洁服务,工程维修,讯息管理等。大马人口老龄化对医疗保健服务的需求不断增加,预计该行业将进一步增长。
10. 管理层计划未来成为马来西亚最好的医疗保健支持服务提供商之一,以及进军政府/私人/军事医院提供支持服务。

整体而言:Puncak管理层对于公司的方向清晰,只要妥善分配现金流, 回归昔日皇朝也只是时间上的问题。
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1 Like · 2 years · translate
Kingsley Woon
剩余250Mill? 这样今年如果没有新工程进来,营业额大概在200-250Mill 之间.. 扣除员工支出之类。今年如果没有新工程,会有盈利?
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Ricky Tai Zhi Hao
I am worried of this company cash flow. Previously propose PP was being cancelled. But in future there might be one. PP or RI.
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Kingsley Woon
Why you worry? They are cash rich right? Just completed Uitm projects.. Should have the big incoming cashflow
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George_ Soros
Kingsley,
Management has disclosed in AGM, estimated value within FY2021 is 160mil to 185mil, and they are optimistic to win more coming government projects
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George_ Soros
but we all know, Government stopped the development plan during the current pandemic period, so ya
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Kingsley Woon
What's the projected profit with forecast revenue of 160-185mill? Management reveal will allocate 730mill in plantation capex? So they are doing huge pp la
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Ricky Tai Zhi Hao
I believe PP will come one day. They are on negative cash flow. Burning cash every qtr. i do hope their turnaround will succeed.
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George_ Soros
Kingsley, sorry typo, it is 7.3mil ,thanks for rectify me
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George_ Soros
Ricky, ya u r right,

cashflow in FY2020 reduce by 112 mil. In FY2019, company proceed with huge issuance of bonds and huge disposal of short terms investment in FY2019 (both increase cashflow)

Otherwise, company will proceed with PP if without doing so in FY2019
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Kingsley Woon
No wonder you left.. Q1 revenue already 150mill..meaning the remaining Qtr only left 35mill revenue to be recognised? With such huge operating and finance cost... No wonder lo
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George_ Soros
yeah for me, the operating amd finance cost is increase unexpectedly, make the profit unfavourable

but the reason I left is because of Technical analysis
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Kingsley Woon
What do u mean by finance cost unexpected? Raise new borrowing?
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George_ Soros
yay one thing is about borrowing cost, another thing is the operating expenses really high, it is almost equivalent to the revenue amount
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Kingsley Woon
Do you what are the operating cost? Why so high?
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Kingsley Woon
Think the plantation should sell.. Recently quite number of consolidating plantation company..
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