Posted by nicky > 1 month ago | Report Abuse

Oh..no... back to 0.265 0.27

Posted by Tigerchan > 1 month ago | Report Abuse

With IJM in, is a matter of time it will return previous high

Posted by nicky > 1 month ago | Report Abuse

RM0.26/ 0.265 doesn't look good at all

Posted by anisbin > 1 month ago | Report Abuse

The Edge got front page news about Pestech...

Posted by joni > 1 month ago | Report Abuse

its a joke how IJM acquisition 15.5 sen was derived ?

Posted by anisbin > 1 month ago | Report Abuse

Finally sold...
Reach my TP...
Thank U Pestech...❤️

Posted by mf > 1 month ago | Report Abuse

take profit

Posted by hw0706 > 1 month ago | Report Abuse

already 30 sen. nothing to shout...

Posted by Lobaking > 1 month ago | Report Abuse

Any update on the sudden surge in the price early morning and then drop back again? There has been accumulation of Pestech in the past week or two.

Posted by BursaVulture > 1 month ago | Report Abuse

MAHB to terminate Pestech's RM743m aerotrain contract due to delay, say sources

https://theedgemalaysia.com/node/678875

Posted by Lobaking > 1 month ago | Report Abuse

Habislah then unless MAHB & Pestech say otherwise

Posted by Blue Tulip > 1 month ago | Report Abuse

The business model they implemented in collaboration with MAHB was destined for failure right from the start. Eventually, the unsustainable approach led to its downfall.

Posted by Tigerchan > 1 month ago | Report Abuse

Wait for drop till 195c then buy

Posted by speakup > 1 month ago | Report Abuse

https://theedgemalaysia.com/node/678922
dah confirm

Posted by MichelleNg > 1 month ago | Report Abuse

RIP...tomorrow another waterfall.

Posted by JackTan1217 > 1 month ago | Report Abuse

Hopeless company, run by crap management... Bankrupt soon la.. PN17 confirm... Bye

Posted by Moondarker > 1 month ago | Report Abuse

Who will replace pestech project?

Posted by EatCoconutCanWin > 1 month ago | Report Abuse

Small company can't do big projects

Posted by speakup > 1 month ago | Report Abuse

but Big company can do small projects :-)

Posted by nicky > 1 month ago | Report Abuse

Fair value RM0.15..... no wonder IJM bot so low price

Posted by joilintai > 1 month ago | Report Abuse

MAHB management should investigate why such critical project was awarded to a company with no proven track record in the first place, why no financial close affirmed by pestech upon commencement, why MAHB not coming in earlier for delay encountered etc etc..too many why's...country image at stake..#MACC

Posted by Noni > 1 month ago | Report Abuse

IJM is right to discount it low to 0.15

Posted by Superich > 1 month ago | Report Abuse

Strange, strong support since yesterday

Posted by anisbin > 1 month ago | Report Abuse

Pestech is going to sue... Unlawful termination of contract...

Posted by yappenghung > 1 month ago | Report Abuse

Going to sue or be sued.
Go read what was said!
Company is unable to keep to the milestone and is 222 days delayed

Posted by speakup > 1 month ago | Report Abuse

Ijm lost a lot money in Scomi
Now will Ijm lose a lot money in Pestech?

Posted by stillloss > 1 month ago | Report Abuse

Wait for Q announcement, then can further assess the position!!

Posted by pangolin > 1 month ago | Report Abuse

big big lose for ijm , bad things happen again and again

Posted by Noni > 1 month ago | Report Abuse

Cost 0.15, still sitting on unrealized profit

Posted by kinuxian > 1 month ago | Report Abuse

IJM offer still in paper work, nothing is nailed. Question now what are IJM next move? Revise lower or retract it, as what stated in proposals, few key assumption, rationale & benefit no longer stand.

i- In rail systems, PESTECH Group has a proven track record and an experienced engineering team
with the requisite technical expertise
ii - It is envisaged that PESTECH Group’s outstanding order book of RM1.56 billion as of 31 March 2023, as well as future projects, will contribute positively to IJM Group.
iii- The entry of IJM as a strategic investor in PESTECH Group, pursuant to the Proposed Subscription will enable them to pursue tenders for future infrastructure projects in Malaysia, such as the KVDT 2 System, Mass Rapid Transit Line 3 (MRT 3) and the Penang LRT System as well as the Southeast Asia (“SEA”) region.

Many of these are gone and Pestech execution ability are tainted, not once (termination on Gemas-JB EDTP with YTL) but twice in a row (aerotrain with MAHB). With such bad track records, IJM will hv bad start in tendering if still go with Pestech.

IJM most likely review the offer currently, as Pestech obviously become a liability to them for upcoming rail projects bidding.

Posted by Albukhary > 1 month ago | Report Abuse

Ya, IJM offer is still on paper, nothing have been conclude yet.
WIth more and more bad news revealed, IJM may abort the deal.
By that time, PESTECH will sink to 10 sen level

Posted by Lobaking > 1 month ago | Report Abuse

It is surprising despite the termination of the MAHB contract, i was expecting the share price to drop at least 10-15% but yet there is buying support. It is intense. Maybe i am wrong. I wonder if there is fund managers support. I doubt if retailers would jump in knowing the history of this stock. Your thoughts??

Posted by anisbin > 1 month ago | Report Abuse

Has been dropping since yesterday,bro... A lot of support appear to be technical rebound only... Bnyk traders tangkap pisau...

Posted by kinuxian > 1 month ago | Report Abuse

@Lobaking Stock syndicate and short term & day traders in action, including some newbies retailers and risk-taker a.k.a gamblers. Nothing unusual.

Posted by kinuxian > 1 month ago | Report Abuse

https://www.nst.com.my/business/2023/08/945422/mmc-corp-mrcb-among-four-companies-could-be-next-klia-aerotrain-contractor%C2%A0

Posted by blahbleh > 1 month ago | Report Abuse

so...IJM is the real winner here? From the pattern it looks like it's going to drop more, hence making IJM's offer looks reasonable.

Posted by blahbleh > 1 month ago | Report Abuse

Not to say from the pattern but from the recent news and how determined MAHB to get rid of PESTECH with contract being opened to the 4 big contenders.

Posted by mf > 4 weeks ago | Report Abuse

take profit

Posted by kinuxian > 4 weeks ago | Report Abuse

Quite clear, "based on the article from leak source lately", IJM actions are telling aerotrain portfolio fr Pestech are among most important to them, took action even before secured ownership in Pestech officially on paper. However, based on news flow and timeline, their visit at first week of Aug, but MAHB still proceed with termination on 3rd week of Aug after their proposal. and Pestech response with potential legal response at worse after the termination announcement. And news flow followed by MAHB are invite participants for the tender early this week (4th week of Aug). So this "source" are publicized "proposal" as public pressure to MAHB as final attempt?

Posted by hongwei > 4 weeks ago | Report Abuse

The airport train project is lost and recovered? It is rumored that Pestech is looking for Ipoh engineering help
(Kuala Lumpur, 25th) According to rumors, Pestech International (Pestech, 5219, motherboard industrial product service group), which was canceled at the airport train contract), will suggest that the major shareholder Ipoh Engineering (IJM, 3336, Main Board Construction Group) will form a joint venture to promote This project strives to complete 3 months in advance to fight for the project restart. The "Star" quoted people familiar with the matter and said that the senior management of Ipoh Engineering and Pestech International has met with the management of the Malaysian Airport (5014, Main Board Transportation Logistics Group), and proposes a proposal for the airport train project worth RM743 million. Pestech International has obtained the airport train project through the wholly -owned subsidiary Pestech Technology Personal Co., Ltd.. According to the above proposal, Pestech International recommends transferring 50%of Pestech Technology to the joint venture company, and changed from the Ipoh engineering leading airport train project to ensure Can be completed as scheduled. The original proposal of the airport train project was March 2025. The person said: "The airport trains have been fully closed. If this advantage is used well, the new project will be completed in December 2024, which will be compared to the original date. Completed 3 months in advance. "It is reported that Ipoh Engineering and Pestech International guaranteed to Malaysia Airport at the conference that because the airport train project has completed about 40%of the project, it is only about two months. "Upper" progress. Lin Peichuan, director of Pestech International, told the Star that after the airport train project was canceled, the company and Ipoh's engineering had indeed made new proposals to Malaysian airport management, but he refused to disclose more details. On August 16, Pestech International received a notice from Malaysia Airport to terminate the airport train project. According to rumors, Malaysia Airport is considering launching restricted bidding activities, and only allows other companies such as MMC institutions (MMCCORP) to participate in the progress of airport train projects.

Posted by pangolin > 3 weeks ago | Report Abuse

possible to resume back airport train project ??

Posted by Lobaking > 3 weeks ago | Report Abuse

Anyone has any updates if Pestech has got the tender back? The share price and volume esp after 3pm today increased.

Posted by Tripaka > 3 weeks ago | Report Abuse

Very bad qr

Posted by speakup > 3 weeks ago | Report Abuse

Look like potential pn17 counter. Will drag Ijm

Posted by rizerlee > 2 weeks ago | Report Abuse

Contract and new project doesn't always turn-out to be a good fortune

look at what happened to P1 and his former owner cc Puan

Posted by rizerlee > 2 weeks ago | Report Abuse

I believe this company will be interrupt by continuous impairment for coming few quarter.
this will causing management team lost focus on project delivery and possible impact other healthy project's progress.

Posted by haziqaz > 1 week ago | Report Abuse

Dalang batal kontrak Aerotrain KLIA: Iskandar Pengarah Urusan MAHB mahu lantik kontraktor kroni sebagai pengganti PESTECH

https://thecorporate-secrets.com/blog/2023/09/08/dalang-batal-kontrak-aerotrain-klia-iskandar-pengarah-urusan-mahb-mahu-lantik-kontraktor-kroni-sebagai-pengganti-pestech/

Posted by speakup > 1 week ago | Report Abuse

MACC sila siasat

Posted by theavenger > 5 days ago | Report Abuse

will break 0.32 next week.. .

Posted by SHOB > 4 days ago | Report Abuse

don touch .similar to serbak soon...hahah