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The privatization led to a significant cash outflow of RM90.6 million (Page 4), contributing to a net decrease in cash and cash equivalents from RM448.7 million to RM261.6 million (a RM187.1 million drop, including other outflows like dividends of RM34.7 million).
Been following the stock for years, I remember one of the red flag was the company invested in the chairman son company at 100million valuation. And I think they company wasn’t making money that time What on earth ??
will be good if the board can provide more clarity on the collab with Taiwanese companies as 90M is a big number. and the on-going lawsuits with Ocado.
Donald Trump: We must maintain our status as the Worldwide Leader in WiFi, 5G, and 6G, connecting every American to the World's BEST Networks, while also keeping everyone safe. We can do both at the same time. Bottom line, I am going to free up plenty of SPECTRUM for auction, so Congress must put 600 MHz in "THE ONE, BIG, BEAUTIFUL BILL." Let's make sure all options are on the table.
Never bet against American Ingenuity.
MAGA - Mahu Ada Gaya America. Lol, no pun intended. Being removed from MSCI small cap index means exodus of foreign funds/insti from Penta is unavoidable. The change will be effective by 30th May. Index funds will have to liquidate their holdings before that.
1st 100 days show completed. He is working hard for 2nd 100 days show - the interest rate cut and tax cut. U-turn is indeed a better word than manipulation :)
such a coincidence that Taiwan link surged after Singapore link is broken. Well, not related to Penta though but more to Malaysia's AI chips "demand" :) For Penta, will be good if there are more clarifications on the collab with Taiwanese companies involved in PIL delisting and Ocado lawsuit.
Smart people know which side to stand on. Malaysia is a small country, and in the current global landscape, it’s essential to align with the United States. Just look at Trump’s recent trip to the Middle East and the support from Arab nations—it’s clear which choice is the better one.
The phrase "not officially endorsed by the Malaysian government" means that while private companies in Malaysia (like Skyvast Corporation) may pursue partnerships with Huawei for AI projects, the government has clarified it is not directly involved in such initiatives—neither funding, coordinating, nor formally approving them.
The Malaysian government has not banned private firms from using Huawei’s Ascend chips or collaborating with Huawei. Huawei confirmed it has not sold Ascend chips to the Malaysian government, implying private transactions might still occur.
Projects must pass legal, operational, and reputational due diligence, as highlighted by Malaysia’s Investment Ministry. Private companies can engage Huawei, but must independently navigate risks like U.S. sanctions and ensure compliance.