【PESTECH 5219 交流专区】PESTECH国际

icy97

营业额降 Pestech国际次季净利跌24%
By Yimie Yong / theedgemarkets.com   | February 24, 2017 : 4:43 PM MYT

（吉隆坡24日讯）由于营业额走低，电力系统技术公司Pestech国际（Pestech International Bhd）第二季净利跌24%。

Pestech今日向大马交易所公布，截至去年12月杪的2017财政年次季，净利为1316万令吉，低于上财年同期的1730万令吉。

次季营业额由1亿4633万令吉，跌18%至1亿1994万令吉。该公司解释说，这归因于目前的工程阶段。

行政开销和融资成本走高，也影响获利。

2017财年首半年的净利下跌34%至2510万令吉，同期为3785万令吉；营业额则从1亿9462万令吉，增14%至2亿2277万令吉。盈利走弱是因为销售成本、开销和融资成本高涨。

Pestech表示，一直准备好迎接本区域对电力基础设施建设的巨大和迫切需求。

该集团不断在已建立稳固足迹的区域国家扩大业务范围，并积极探索潜在的新市场，以维持增长势头。

“我们预计获得来自本地、印度中国地区，尤其是柬埔寨，以及中亚地区的正面业务贡献。当制定增长路径，管理层一直致力于公平发展其电力传输、铁路电气化、发电厂控制系统和电力产品业务。”

Pestech说，来自这些所有业务的最终凝聚和集成发展，将推动集团进一步转型为本区域全面的电力基础设施服务和产品公司。

（编译：陈慧珊）

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2016	31 Dec 2015	31 Dec 2016	31 Dec 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	119,941	146,325	222,768	194,618
2	Profit/(loss) before tax	23,914	28,423	43,695	54,959
3	Profit/(loss) for the period	22,229	25,685	41,273	46,002
4	Profit/(loss) attributable to ordinary equity holders of the parent	13,159	17,304	25,100	37,849
5	Basic earnings/(loss) per share (Subunit)	3.97	9.31	7.57	20.37
6	Proposed/Declared dividend per share (Subunit)	0.00	3.00	0.00	3.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5309		1.8337

icy97

Pestech包揽1亿美元柬埔寨输电线合约
By Adam Aziz / theedgemarkets.com   | April 6, 2017 : 8:26 PM MYT

（吉隆坡6日讯）Pestech国际（Pestech International Bhd）指出，柬埔寨子公司今日就在该国的一座水力发电厂项目，签署了总值1亿21万美元（4亿4459万令吉）的建设协议。

Pestech表示，根据Pestech（柬埔寨）有限公司（PCL）和Alex Corp Co Ltd签订的合约，PCL将负责从Stung Tatay水力发电厂至金边的约220公里，230千伏双回输电线路的设计、工程、制造、安装、测试与调试。

该集团补充，PCL还将在Stung Tatay水力发电厂变电站供应、安装和连接两个230千伏进线间隔。

“该项目预计在协议日起3个月内开始，并预定在协议日的36个月内完成。”

早在2015年，Pestech通过持股60%的子公司Diamond Power Ltd，在柬埔寨Kampong Chom和Kratie之间开展了230千伏输电线，合约值为9221万美元。该公司也获得该线的25年特许权。

Pestech今日表示，尽管该协议不会对截至6月杪本财政年的营业额和盈利有实质影响，但预计会对未来盈利和每股净资产作出贡献。

（编译：陈慧珊）

Type	Announcement
Subject	OTHERS
Description	PESTECH INTERNATIONAL BERHAD ("PESTECH" or "THE COMPANY")- CONSTRUCTION AGREEMENT BETWEEN PESTECH (CAMBODIA) LIMITED, A WHOLLY-OWNED CAMBODIAN SUBSIDIARY OF THE COMPANY AND ALEX CORPORATION, IN RELATION TO THE DESIGN, ENGINEERING, MANUFACTURING, INSTALLATION, TESTING AND COMMISSIONING OF THE 230kV STUNG TATAY HYDRO POWER PLANT - PHNOM PENH TRANSMISSION SYSTEM PROJECT
The Board of Directors of PESTECH is pleased to announce that PESTECH (Cambodia) Limited (“PCL”), a wholly-owned Cambodian subsidiary of the Company had, on 6 April 2017, executed a Construction Agreement (“Agreement”) with Alex Corporation, a company incorporated under the laws of the Kingdom of Cambodia, wherein PCL will undertake the design, engineering, manufacturing, installation, testing and commissioning of the 230kV Stung Tatay Hydro Power Plant – Phnom Penh Transmission System Project (“Project”) at a contract price of USD100,213,000/- (United States Dollar: One Hundred Million Two Hundred and Thirteen Thousand only). The Project mainly involves the design, engineering, manufacturing, installation, testing and commissioning of approximately 220km  230kV double circuit transmission line from Stung Tatay Hydro Power Plant to  Phnom Penh and supply, installation and connection of two (2) 230kV lines bays at Stung Tatay HPP switchyard. The Project is expected to commence within three (3) months from the date of the Agreement. (“Commencement Date”) and is expected to be completed within 36 months from the Commencement Date. The Agreement will have no material effect on the revenue and earnings of the Group for the financial year ending 30 June 2017, but is expected to contribute positively to the future earnings and net assets per share of the Group. The Company does not foresee any exceptional risk other than the normal operational risk associated with the Project.   The Company will take the necessary steps to mitigate the risks as and when it occurs. None of the Directors and/or Major Shareholders and/or persons connected to them, has any interest, direct or indirect in the Agreement. This announcement is dated 6 April 2017.

icy97

Pestech国际
今年订单上看17亿

2017年4月8日

分析：肯纳格投行
目标价：2令吉

最新进展

Pestech国际（PESTECH，5219，主板贸服股）柬埔寨子公司，获得总值1亿21万3000美元（约4亿4459万4930令吉）的输电系统的建筑合约。

该公司再次获得柬埔寨Alex企业颁发合约，负责设计、制造、装置、测试、调试230千伏特（kV），全程长达220公里，从Stung Tatay水力发电厂，一直输送到金边的输电系统。

行家建议

最新合约符合预期，且截至6月的2017财年内，已获得6项总值9亿1000万令吉合约，让Pestech国际新合约创纪录。

截至去年底，该公司的订单达10.2亿令吉，加上柬埔寨最新合约，及今年2月获得的提升合约，我们预计，2017财年订单料上涨至17亿令吉。

柬埔寨最新合约可能与之前合约一样，信贷期限比较长，导致应收款项处于创纪录高水平，引起担忧。不过，该些款项由柬埔寨政府国有电力公司担保，所以降低了违约风险。

另外，Pestech国际还在竞标一项大型合约，成功率相当高。若成功，将助公司盈利创新高。

基于盈利增长前景，维持“超越大市”评级。



【e南洋】

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2017	31 Mar 2016	31 Mar 2017	31 Mar 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	170,828	123,401	393,596	318,019
2	Profit/(loss) before tax	29,862	22,006	73,557	76,965
3	Profit/(loss) for the period	28,101	18,942	69,374	64,944
4	Profit/(loss) attributable to ordinary equity holders of the parent	24,136	12,520	49,236	50,369
5	Basic earnings/(loss) per share (Subunit)	4.63	6.74	9.44	27.08
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5546		1.8337

icy97

Pestech获国能7950万合约

2017年8月16日
（吉隆坡15日讯）Pestech国际（PESTECH，5219，主板贸服股）独资子公司PESTECH私人有限公司，获得国家能源（TENAGA，5347，主板贸服股）的项目合约，总值7950万令吉。

该公司今天向交易所报备，该子公司今天接获国能的得标书，为国能旗下位于雪兰莪乌拉冷必（Olak Lempit）的500/275千伏相量测量装置（PMU），提供相关配备和工程服务。

这些包括供应和调试2架1050兆伏安的自耦变压器、500千伏和275千伏的两种电源开关设备，以及其他配备，同时提供相关土木建设服务。

上述合约总值7950万令吉，预计在获得合约后的56天内启动，并在546天内完成。

该公司指出，这项合约预计会带动今明两财年的每股净利和每股净资产表现。【e南洋】

Type	Announcement
Subject	OTHERS
Description	PESTECH INTERNATIONAL BERHAD ("PESTECH" or "the Company")- LETTER OF ACCEPTANCE FROM TENAGA NASIONAL BERHAD FOR THE SUPPLY, ERECT AND COMMISSIONING OF 2 X 1050MVA AUTOTRANSFORMERS, 500kV SWITCHGEARS, 275kV SWITCHGEARS AND ANCILLARY EQUIPMENT WITH ASSOCIATED CIVIL WORKS FOR PMU 500/275kV OLAK LEMPIT, SELANGOR
The Board of Directors of PESTECH (“Board”) wishes to announce that its wholly-owned subsidiary company, PESTECH Sdn Bhd (“PSB”) had on today accepted a Letter of Acceptance (“LOA”) dated 14 August 2017 from Tenaga Nasional Berhad for the supply, erect and commissioning of 2X1050 MVA Autotransformers, 500kV Switchgears, 275kV Switchgears and ancillary equipment with associated civil works for PMU 500/275kV Olak Lempit, Selangor for a contract value of RM79,500,000.00 (Ringgit Malaysia: Seventy Nine Million and Five Hundred Thousand only) (hereinafter referred to as the “Project”). The Project is expected to commence within 56 days from the date of the LOA and is expected to complete within 546 days from the commencement date. The Project is expected to contribute positively to the earnings and net asset per share of the Company for the financial years ending 30 June 2018 and 30 June 2019. PESTECH does not foresee any exceptional risk other than the normal operational risk associated with the Project such as availability and changes in the price of raw materials. The Company will take necessary steps to mitigate the risks as and when they occur. None of the Directors and/or Major Shareholders and/or persons connected to them, have any direct or indirect interest in the Project. The Board is of the opinion that the Project is in the best interest of the Company. This announcement is dated 15 August 2017.

icy97

Pestech国际
本财年可获10亿订单

2017年8月17日

分析:肯纳格投行研究
目标价：2令吉最新进展

Pestech国际（PESTECH，5219，主板贸服股）旗下的PESTECH私人有限公司，获得国家能源（TENAGA，5347，主板贸服股）颁发总值7950万令吉的合约。

该子公司将为国能位于雪兰莪乌拉冷必（Olak Lempit）的500/275千伏相量测量装置（PMU），提供相关配备和工程服务。

合约期为18个月，将在未来1个半月内开始执行合约项目。

行家建议

这项合约是Pestech国际在2018财年的首个合约，同时也是正面的迹象，因这符合我们对本财年的订单预期。

我们预测，Pestech国际可在本财年获得10亿令吉订单。而上财年，公司一共拿下了总值9亿1000万令吉的合约，比我们预期的8亿令吉要高。

虽然半岛并非该公司的主要市场，但这合约证明了有能力获得国能的信任。

获得该合约后，订单料将达近15亿令吉，可支撑盈利至2019年杪。

另一方面，我们相信，当经营和转移（BOT）业务在今年底开始营运后，公司将有机会在柬埔寨拿下更多合约。

基于盈利增长前景，我们维持“超越大市”评级，以及2.00令吉的目标价。



【e南洋】

Tony-Pua

5219    PESTECH    PESTECH INTERNATIONAL BERHAD

Quarterly rpt on consolidated results for the financial period ended 30/06/2017

Quarter: 4th Quarter Financial Year End: 30/06/2017 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 30/06/2017 30/06/2016 30/06/2017 30/06/2016 RM '000 RM '000 RM '000 RM '000 1 Revenue 114,582 190,668 508,178 517,551 2 Profit/Loss Before Tax 62,418 28,882 135,974 104,142 3 Profit/(loss) attributable to ordinary equity holders of the parent 41,683 22,465 90,918 69,876 4 Net Profit/Loss For The Period 50,859 34,626 120,231 96,612 5 Basic Earnings/Loss Per Shares (sen) 5.85 12.08 12.76 37.47 6 Dividend Per Share (sen) 0.00 0.00 0.00 0.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 0.6063 1.8337

哭哭鸟

icy97

PESTECH柬子公司　明年次季料上市

財经 最后更新 2017年09月6日
（吉隆坡6日讯）PESTECH国际（PESTECH，5219，主板贸服股）首席执行员林培川透露，其柬埔寨子公司--PESTECH（柬埔寨）有限公司在柬埔寨股市的上市计划，目前已委任柬埔寨兴业投行为顾问和呈交草擬招股书予当地的证监会（SECC），因此料可在明年次季掛牌。

林培川指出，其柬埔寨子公司將在今年底前呈交完整招股书，正式掛牌后，该公司市值约达到5000万美元至6000万美元。此外，该公司將会在首次公开售股（IPO）计划下，发出30%的新股给当地公眾认购，集资额介於1500万美元至1800万美元。

同时，他也表示，完成上市后，PESTECH国际將持有柬埔寨上市子公司的60%股权，其余四成股权由当地投资者持有。

该公司將把筹集的资金用作当地设厂和扩充用途。若无意外，PESTECH（柬埔寨）有限公司料成为柬埔寨股市中第6家上市公司。

林培川今日是在旗下新產品「VAS-12」型號中压空气绝缘开关柜（Medium Voltage Air Insulated Switchgear）的推介礼后的记者会上，向媒体如是表示。PESTECH国际执行主席林亚福、澳洲System Corp Embedded科技私人有限公司董事经理德勒拉达兹（Detlef Raddatz）也一同出席记者会。

推介新產品

林培川透露，该公司新產品与市面上的开关装置最大的特点为更加耐用和安全，同时也符合英国短路测试协会（ASTA）安全认证和鉴定。

另外，他续说，该產品首年销量预计可达到200至300台，每台售价介於3万至5万令吉。

「上述產品的市场潜力巨大，大马每年需要3000至4000台12千伏特（KV）的开关装置，而东南亚国家对12KV装置的花费更达到每年5亿欧元。」【东方网财经】

icy97

Type	Announcement
Subject	MEMORANDUM OF UNDERSTANDING
Description	PESTECH INTERNATIONAL BERHAD ("PESTECH" or "the Company")- Memorandum of Understanding between PESTECH and Universiti Tunku Abdul Rahman
The Board of Directors of PESTECH wishes to announce that the Company had on 13 September 2017 entered into a Memorandum of Understanding (“MOU”) with Universiti Tunku Abdul Rahman (“UTAR”) to promote collaborative efforts in joint projects, exchange of ideas and facilities and to facilitate industrial study visits and industrial placement. (PESTECH and UTAR are hereinafter referred to as “Parties”) Information of UTAR UTAR is a university offering courses in undergraduate and postgraduate programmes in the areas including Accountancy, Actuarial Science, Applied Mathematics, Arts and Social Sciences, Chinese Studies, Malaysian Studies, Business and Economics, Engineering and Built Environment, Information and Communication Technology, Life and Physical Sciences, Medicine and Health Sciences, Media and Journalism, Education and General Studies, Agriculture and Food Science, and engages in the provision and conduct of research, consultation, management and leadership training and other related educational services at its campuses at Bandar Sungai Long and Kampar in Malaysia. The MOU is intended to establish a basis upon which UTAR and PESTECH may explore areas for cooperation. In this regard, the Parties agreed to the following goals and objectives as part of their collaboration programmes:- a) to initiate joint projects involving collaborative research and to share expertise and joint development of research; b) to facilitate exchange of ideas and facilities among the Parties, including human resource development, staff attachment and mutual visits by staff members to pursue research, curriculum development, and to participate in seminars, conferences, workshops and etc relevant to the industry; c) to facilitate industrial study visits of UTAR undergraduate and postgraduate students and mutual visits by staff members of the Parties where appropriate for the purpose of enhancing learning experience, professional development and curriculum development; and d) to facilitate industrial placement of UTAR students. This MOU shall come into effect for a period of three (3) years with effect from the date of the MOU and may be extended upon mutual agreement thereafter. This announcement is dated 14 September 2017.

icy97

Pestech国际攫取5000万菲律宾EPCC合约
Tan Xue Ying/theedgemarkets.com
October 04, 2017 21:06 pm MYT

（吉隆坡4日讯）Pestech国际（Pestech International Bhd）指出，子公司在菲律宾攫取230千伏户外变电站的工程、采购、建设和调试（EPCC）合约，总值约为5017万令吉。

Pestech向大马交易所报备，独资子公司Pestech私人有限公司（PSB）今日收到菲律宾国家电网公司（NGCP）的中标通知书，承接Calamba 230千伏主变电站项目相关的合约。

该集团表示，必须在540天内，设计、供应、安装、测试和调试变电站的辅助设备，包括建造、装配和集成NGCP供应的高压设备。

岸外部分的合约总值是536万美元（相当于2270万令吉），而岸内部分是3亿3214万比索（相当于2747万令吉）。

该项目位于菲律宾吕宋岛Laguna省，离马尼拉国际机场约60公里。根据该项目，Pestech将为Laguna省提供一座新的230千伏户外变电站。

这是Pestech首个230千伏变电站EPCC项目，以及与NGCP的第二个电力基础设施。

文告指出，这预计将按照项目进展对Pestech的营业额和盈利作出贡献，并在截至2018年6月30日止财政年内获得确认。

（编译：陈慧珊）

Type	Announcement
Subject	OTHERS
Description	PESTECH INTERNATIONAL BERHAD ("PESTECH" OR "THE COMPANY") - NOTIFICATION OF AWARD FOR THE CONTRACT ON THE CALAMBA 230KV SUBSTATION PROJECT - DESIGN, SUPPLY, INSTALLATION, TESTING AND COMMISSIONING OF SECONDARY DEVICES INCLUDING CONSTRUCTION/ERECTION/INTEGRATION OF NATIONAL GRID CORPORATION OF THE PHILIPPINES ("NGCP") SUPPLIED HIGH VOLTAGE EQUIPMENT
The Board of Directors of PESTECH (“Board”) wishes to announce that its wholly-owned subsidiary company, PESTECH Sdn Bhd (“PSB”) had on 4 October 2017, received a Notification of Award for the contract in relation to the Calamba 230kV Substation project – design, supply, installation, testing and commissioning of secondary devices including construction/ erection/ integration of NGCP supplied high voltage equipment at a contract value as below:- Offshore portion : USD5,358,600 (US Dollars: Five Million Three Hundred Fifty Eight Thousand and Six Hundred only) Onshore portion : PHP332,136,000 (Philippine Peso: Three Hundred and Thirty Two Million One Hundred and Thirty Six Thousand only) (hereinafter referred to as the “Project”). This marks PESTECH’s first engineering, procurement, construction and commissioning (“EPCC”) project for a 230kV Main Substation in the Philippines and second power infrastructure project with NGCP. The Project is located in the City of Calamba, which is situated in the Laguna Province, Calabarzon Region, Luzon Island, Philippines; about 60km from Manila Ninoy Aquino International Airport. Under the Project, PESTECH will deliver a new 230kV Outdoor substation with  230kV/115kV facilities to serve the Laguna sector. This is to improve the reliability and operational flexibility of the 230kV system in the area; and to relieve some of the load on the existing 230kV network. The duration of the Project is 540 days and the commencement date of the Project will be determined by NGCP later. The Project will contribute positively towards the revenue and earnings of PESTECH in accordance to the stage of project progress to be recognized in the financial year ending 30 June 2018 but is expected to contribute positively to the future earnings and net asset per share of the Company. PESTECH does not foresee any exceptional risk other than the normal operational risk associated with the Project such as availability and changes in the price of raw materials. The Company will take necessary steps to mitigate the risks as and when it occurs. None of the Directors and/or Major Shareholders and/or persons connected to them, has any interest, direct or indirect in the Project. The Board is of the opinion that the Project is in the best interest of the Company. This announcement is dated 4 October 2017.

icy97

Pestech国际
菲律宾合约潜能大

2017年10月6日

分析:肯纳格投行研究
目标价：2令吉

最新进展

Pestech国际（PESTECH，5219，主板贸服股）获颁菲律宾合约，总值5020万1307令吉。

根据协议，子公司PESTECH私人有限公司，将为菲律宾卡兰巴（Calamba）230kV的变电站提供设计、供应、装置、调试和启用辅助设备的服务。 合约为期540天，动工日期将在日后决定。

行家建议

虽然合约价值不大，但我们认为，菲律宾市场有巨大的潜力，因当地有近30%人口或2800万人，仍没有得到电力供应。

获得该合约后，公司订单料近15亿令吉，可支撑盈利至2019年杪，这仍与我们之前的估计相符，因此维持盈利预测不变。

另一方面，我们相信，当经营和转移（BOT）业务开始营运后，Pestech国际将有机会在东南亚拿下更多合约。该BOT业务名为Diamond Power，预计将于今年杪开始营运，将在未来25年内贡献经常性收入。

基于盈利增长前景，我们继续维持“超越大市”评级，以及2.00令吉的目标价。



【e南洋】

icy97

Type	Announcement
Subject	OTHERS
Description	PESTECH INTERNATIONAL BERHAD ("PESTECH" OR "THE COMPANY") - AGREEMENTS FOR THE SALE AND PURCHASE OF 100% OF THE ISSUED SHARE CAPITAL OF COLAS RAIL SYSTEM ENGINEERING SDN. BHD. ENTERED BETWEEN PESTECH TECHNOLOGY SDN. BHD. AND THE FOLLOWING PARTIES:--        COLAS RAIL ASIA SDN. BHD. AND COLAS RAIL-        VITAL BID SDN. BHD.
Pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of PESTECH wishes to announce that its wholly-owned subsidiary, PESTECH Technology Sdn. Bhd. (“PTECH”) had on 24 October 2017 and 25 October 2017, entered into Agreements for the sale and purchase of 100% of the issued share capital of Colas Rail System Engineering Sdn. Bhd. (“CRSE”) with the following parties, respectively at a total purchase consideration of RM10,382,500 (Ringgit Malaysia: Ten Million Three Hundred and Eighty Two Thousand and Five Hundred only):- Colas Rail Asia Sdn. Bhd. and Colas Rail; and Vital Bid Sdn. Bhd. (hereinafter referred to as “Acquisition”) The Acquisition of 100% of CRSE is now effective with the execution of both Agreements with the parties above, upon such terms and conditions stated in the Agreements. Following the Acquisition, CRSE shall become a wholly-owned subsidiary of PTECH, and an indirect wholly-owned subsidiary of PESTECH. Information on PTECH PTECH was incorporated under the Companies Act, 1965 on 30 December 2013 with an issued share capital of RM1,000,000. The principal activity of PTECH is involved in the provision of design, engineering, supply and commissioning of balance of plant systems for power plants and rail electrification projects. Information on CRSE CRSE was incorporated under the Companies Act, 1965 on 19 August 2013 with an issued share capital of RM750,000/-. The principal activity of CRSE is involved in the provision of project management, engineering design, procurement, construction and related support services in relation to railway electrical and mechanical projects. Rationale of the Acquisition The Acquisition is expected to accelerate the growth of PTECH in the power generation and rail electrification business and enhance PESTECH Group’s future earnings potential. Financial effects The Acquisition is not expected to have any effect on the issued and paid-up capital of PESTECH. The Acquisition is envisaged to contribute positively towards the revenue, earnings and net assets per share of PESTECH in the future. Directors’ and Substantial Shareholders’ Interests None of the directors or substantial shareholders of PESTECH or persons connected with them has any interest, whether direct or indirect in the Acquisition. Statement by Directors The Board of Directors is of the opinion that the Acquisition is in the best interest of the PESTECH. This announcement is dated 30 October 2017.

icy97

Pestech国际购CRSE增竞标优势

2017年11月1日

分析：肯纳格投行研究
目标价：2令吉

最新进展：

Pestech国际（PESTECH，5219，主板贸服股）独资子公司——Pestech科技私人有限公司，以1038万2500令吉，向Colas铁路亚洲私人有限公司和Vital Bid私人有限公司，收购Colas铁路系统工程私人有限公司（CRSE公司）100%股权。

CRSE公司是法国Colas铁路的子公司，在我国从事跌路电子和机械相关的项目管理、工程设计、采购、建造等服务。

行家建议：

Pestech国际早前在竞标捷运第二路线（MRT2）项目电气工程时，败给CRSE公司。如今随着这项收购，上述项目已成为Pestech国际持有。

虽然Pestech国际没有解释收购价由来，但我们认为价位合理，因为这让公司拥有从事上述项目经验，对未来的竞标有利。

纵观东盟，只有我国和新加坡拥有大众运输系统，且除了Pestech国际，没有第二家东盟本土铁路电化公司，因此，预计东盟发展潜能大，尤其是大都会如雅加达和曼谷。

国内方面，该收购也能提高在其他项目的竞标优势，如隆新高铁、金马士-新山双线铁路及东海岸铁路。

另外，该公司也正迎来从柬埔寨源源不绝的订单，我们认为目前是留意该公司的好时机，维持“超越大市”评级和2令吉目标价。



【e南洋】

Tony-Pua

5219    PESTECH    PESTECH INTERNATIONAL BERHAD

Quarterly rpt on consolidated results for the financial period ended 30/09/2017

Quarter: 1st Quarter Financial Year End: 30/06/2018 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 30/09/2017 30/09/2016 30/09/2017 30/09/2016 RM '000 RM '000 RM '000 RM '000 1 Revenue 184,878 102,827 184,878 102,827 2 Profit/Loss Before Tax 20,470 19,781 20,470 19,781 3 Profit/(loss) attributable to ordinary equity holders of the parent 11,100 11,941 11,100 11,941 4 Net Profit/Loss For The Period 18,197 19,044 18,197 19,044 5 Basic Earnings/Loss Per Shares (sen) 1.45 1.60 1.45 1.60 6 Dividend Per Share (sen) 0.00 0.00 0.00 0.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 0.6262 0.6083

icy97

Pestech国际获1.06亿合约
负责柬埔寨电线变电站工程

2017年12月20日
（吉隆坡19日讯）Pestech国际（PESTECH，5219 ，主板贸服股）从Schneitec有限公司获颁总值2600万美元（约1亿610万令吉）的合约，负责电线与变电站工程。

Pestech国际向交易所报备，独资子公司Pestech柬埔寨私人有限公司，今天与柬埔寨的Schneitec公司签署合约。

根据合约，该子公司将负责完成3项目，包括从柬埔寨北部的奧多棉吉省，至暹粒市的75公里左右双向电线。

另外两项，是在奧多棉吉省兴建115千伏/22千伏的变电站，以及在Bek Chan区建设230千伏/22千伏的变电站。

这些项目将在一个月内动工；双向电线和奧多棉吉省变电站，要在18个月内建设完成，而Bek Chan变电站会在24个月内完成。

新合约要到2019财年，才带来收入。【e南洋】

Type	Announcement
Subject	OTHERS
Description	PESTECH INTERNATIONAL BERHAD ("PESTECH" or "THE COMPANY")-CONTRACT AGREEMENT BETWEEN PESTECH (CAMBODIA) LIMITED, A WHOLLY-OWNED CAMBODIAN SUBSIDIARY OF THE COMPANY AND SCHNEITEC CO., LTD., IN RELATION TO THE DEVELOMENT OF 115kV SIEM REAP - ODDOR MEANCHEY TRANSMISSION LINE AND 115/22 kV ODDOR MEANCHEY SUBSTATION AND 230/22 kV BEK CHAN (PORSENCHEY) SUBSTATION PROJECT
The Board of Directors of PESTECH is pleased to announce that PESTECH (Cambodia) Limited (“PCL”), a wholly-owned Cambodian subsidiary of the Company, had on today, completed the execution of a Contract Agreement (“Agreement”) with Schneitec Co., Ltd, a company incorporated under the laws of the Kingdom of Cambodia, wherein PCL will undertake the design, engineering, manufacturing, installation, testing and commissioning for the development of a 115kV double circuit transmission line for approximately 75km ± 3km from Oddor Meanchey to Siem Reap, a 115/22kV Oddor Meanchey substation, and a 230/22kV Bek Chan (Porsenchey) substation (“Project”) at a contract price of USD26,000,000/- (United States Dollar: Twenty Six Million) only. The scope of work of the Project mainly involves the following:- (a)turnkey construction of approximately 75km ± 3km double circuit transmission line from Oddor Meanchey to Siem Reap; (b)turnkey construction of a 115kV/22kV Oddor Meanchey substation; (c)turnkey construction of a 230/22kV Bek Chan substation; and (d)all relevant works. The Project is expected to commence within one (1) month from the date of the Agreement. (“Commencement Date”) and is expected to be completed as follows:- (a)in respect of the Oddor Meanchey Transmission Line and Substation, within 18 months from the Commencement Date; (b)In respect of the Bek Chan substation, within 24 months from the Commencement Date. The Agreement will have no material effect on the revenue and earnings of the Group for the financial year ending 30 June 2018, but is expected to contribute positively to the future earnings and net assets per share of the Group. The Company does not foresee any exceptional risk other than the normal operational risk associated with the Project.   The Company will take the necessary steps to mitigate the risks as and when it occurs. None of the Directors and/or Major Shareholders and/or persons connected to them, has any interest, direct or indirect in the Agreement. This announcement is dated 19 December 2017.

icy97

Type	Announcement
Subject	OTHERS
Description	PESTECH INTERNATIONAL BERHAD ("PESTECH" OR "THE COMPANY") - INCORPORATION OF A NEW SUBSIDIARY IN MYANMAR NAMELY, PESTECH (MYANMAR) LIMITED
The Board of Directors of PESTECH wishes to announce that PESTECH had on 19 December 2017 received the Certificate of Incorporation and Form of Permit from the Directorate of Investment and Company Administration of the Ministry of Planning and Finance, Myanmar on the incorporation of a subsidiary in Myanmar, namely PESTECH (Myanmar) Limited (Registration No. 1171FC/2016-2017(YGN)) (“PML”). PML is a 99.99%-owned subsidiary of PESTECH (Cambodia) Ltd ("PCL"). PCL is a wholly-owned subsidiary of PESTECH Sdn. Bhd., a wholly-owned subsidiary of PESTECH. Henceforth, PML is an indirect subsidiary of PESTECH. Information on PML PML is a private limited company established with an authorised share capital of USD50,000 divided into 50,000 shares of USD1 each.  As of to-date, the paid-up capital is USD25,000 divided into 25,000 shares of USD1 each. The principal activity of PML is to provide comprehensive powers system engineering, construction, design, installation related services in power industry.   The Incorporation does not have any material effect on the earnings and net tangible assets of the Company. None of the Directors, Major Shareholders and/or persons connected to them has any interest, direct or indirect, in the Incorporation. That the Board of Directors is of the opinion that the Incorporation is in the best interest of the Company. This announcement is dated 20 December 2017.

icy97

Pestech国际
柬国合约贡献大

2017年12月21日

分析:肯纳格投行研究
目标价：2令吉

最新进展

Pestech国际（PESTECH，5219 ，主板贸服股）独资子公司Pestech柬埔寨，获当地Schneitec有限公司颁发总值2600万美元（约1亿610万令吉）的合约，负责电线与变电站工程。

根据合约，该子公司将负责完成3项目，包括从柬埔寨北部的奧多棉吉省，至暹粒市的75公里左右双向电线，以及分别在奧多棉吉省和Bek Chan区兴建一座变电站。

行家建议

柬埔寨成为Pestech国际的营收增长主要来源，该公司在今年共获3项目，总值2亿3600万令吉。

虽然如此，我们仍维持2019财年财测，因为上述柬埔寨合约在我们预测内。

该合约能提振2019年营业额至6亿令吉，低于我们7亿令吉预测，意味着还需要1亿令吉合约才能达到我们2019财年的预估。

另一方面，该公司经营和转移（BOT）业务下的Diamond Power项目在今年10月起营运后，将在明年1月起，贡献长达25年的经常收入。

此外，在收购Colas铁路系统工程私人有限公司（CRSE公司）100%股权后，该公司提高在其他项目的竞标优势，如金马士-新山双线铁路等。

我们重申“超越大市”投资评级，维持2令吉的目标价。



【e南洋】

icy97

APULA 发表于 28-2-2016 01:36 PM
Pestech 子公司拟柬埔寨上市
财经新闻 财经  2016-02-28 11:14
http://www.nanyang.com/node/750226?tid=462

（吉隆坡27日讯）Pestech国际（PESTECH，5219，主板贸服股）宣布，有意将独资子公司Pestech（柬埔寨 ...

Pestech子公司申请柬国上市

2017年12月24日
（吉隆坡23日讯）Pestech国际（PESTECH，5219 ，主板贸服股）计划将旗下Pestech（柬埔寨）有限公司，挂牌在柬埔寨证券交易所主板。

Pestech国际向交易税报备，Pestech（柬埔寨）已经向柬埔寨的证券与交易委员会和交易所提出上市申请。

随着挂牌上市，Pestech国际在Pestech（柬埔寨）的持股率，将被稀释最多39%。

惟上市后，Pestech国际将继续是Pestech（柬埔寨）的控制股东。

该公司计划通过首次公开募股发售最多3900万股普通股，相等于是扩大后缴足股本的39%。【e南洋】

Type	Announcement
Subject	OTHERS
Description	PESTECH INTERNATIONAL BERHAD ("PIB" OR "COMPANY") PROPOSED LISTING OF PESTECH (CAMBODIA) LIMITED (PCL), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF PIB ON THE MAIN BOARD OF CAMBODIA SECURITIES EXCHANGE ("CSX") ("PROPOSED LISTING")
We refer to the Company’s announcement dated 25 February 2016 in relation to the Proposed Listing. On behalf of the Board of Directors of PIB, RHB Investment Bank Berhad is pleased to announce that the Company proposes to list PCL on the Main Board of CSX. The applications to the Securities and Exchange Commission of Cambodia and CSX in relation to the Proposed Listing have been submitted on 22 December 2017. Further details of the Proposed Listing are set out in the attachment. This announcement is dated 22 December 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5646797

Attachments Proposed Listing - Announcement.pdf

哭哭鸟

PESTECH国际 – RM2.00不是梦

PESTECH创办于1991年，在2012年上市于大马主要板，旗下业务主要涉足电力输送系统的工程及解决方案服务领域。目前，集团已是一家成熟的本地综合电力技术企业，为国内外的电力公司提供电力传输设备的EPCC工程。

基于业务性质，PESTECH依赖于电力需求来推动变电站的建设数量，以应付电力负荷的增加。电力需求越高，变电站的数量越多，而集团获得承包合约的机率将更高。近几年来，东盟地区的经济增长带动发展型国家的电力基础设施建设。作为电力基础设施供应商，PESTECH旗下所有业务皆取得稳步增长。

回顾2015年，集团通过持股60%子公司Diamond Power，在柬埔寨获得一项电力输送站的25年特许经营权BOT合约，为集团基础打下一个重要的里程碑。整个工程已在2015年6月开始，并已在今年11月底竣工。

PESTECH可从中取得2项盈利收入来源，即一次性EPC工程 ，以及通过管理资产的25年期经常收入。集团在建设完毕后将负责经营这输电系统长达25年。在期间，Diamond Power将操作和维护整个电力传输系统，使系统能够平稳地运作而不受任何干扰。

根据协议，Diamond Power从预定商业运作日期开始，每年可获得经常性收入，如下：
> 2017年11月启动后的首3年 –  每年可获得USD12.3m或者RM50m
> 从第4年起直到2042年11月 – 每年可获得USD18.2m获得RM75m

据了解，这输电项目享有9年的零征税，而柬埔寨的法定企业税是20%。因此，在扣除营运费用后，Diamond Power在首3年免税期里预计每年可取得约USD9m的盈利。

另一方面，PESTECH计划在2018年将100%持有子公司Pestech (Cambodia) 在柬埔寨交易所挂牌上市。这家子公司成立于2010年，主要业务为兴建电力配电站和传输线，专注于电力需求旺盛的寮国和缅甸的电气化工作

这项上市计划有助PESTECH释放子公司的投资价值，并寻求更多区域增长机会，以及可通过柬埔寨资本市场筹资，从而为接下来的增长铺路。完成上市后，PESTECH将持有柬埔寨上市子公司的61%股权，其余39%股权由当地投资者持有。值得一提，Pestech (Cambodia) 在FY17净赚USD6.55m或RM27.5m，占集团整体盈利约30%。

此外，PESTECH在2014年进军铁路电气化业务。目前，集团负责KTM旗下巴生谷双线铁路的相关系统工程，以及参与东海岸双轨铁路计划ECRL的铁路电气化工程竞标。至今，泰国其他地区仍有火车使用柴油驱动。一旦政府逐步改用电气驱动，未来发展潜能备受看好，而PESTECH处于非常有力的位置竞标这些合约。

在今年11月，PESTECH以RM10.4m收购CRSE的100%股权。这家公司是法国Colas铁路的子公司，在大马从事跌路电子和机械相关项目的EPCC工程。PESTECH早前在竞标MRT2项目电气工程时败给CRSE。随着这项收购，MRT2项目已成为集团持有，同时也提高其他项目的竞标优势，如隆新高铁、金马士-新山双线铁路及东海岸铁路。

展望未来，PESTECH将积极拓展东南亚国家的业务，其中以印尼和菲律宾为主要焦点。东盟拥有大约625m人口，是全球第三大市场。然而，在东盟的一些国家，电力、水源、铁路和道路等基础设施仍然不足以应付当地的人口。

东盟的其中一个主要基础措施是ASEAN Power Grid，目的是在邻国之间建立电力输送线，以相互接连电力系统。这一举措的目标是降低东盟国家对于电力项目支出的要求，并减少东盟国家对国外燃料来源的依赖。电力需求高的国家可以以合理的价格向邻国购买电力，而电力资源丰富的国家可以通过售电获得收入。简短来说，东盟区域电力和铁路的基础设施发展潜能有望为PESTECH带来各种高价值项目。

PESTECH放眼在2020之前创下RM1b的营业额记录，其中一半来自传统电力传输业务，其余则来自铁路电气化业务。管理层有信心PESTECH的业绩表现可在FY18再创新高。

截至今年9月，集团持有RM1.4b的合约在手，可支撑未来2年的业绩。PESTECH在今年一共获得RM989m的新合约，而目前竞标项目则高达RM2.75b。

从技术图表来看，PESTECH自从在2015年经历一波牛市后，其股价在过去两年几乎没有任何动静，处于横摆巩固格局。虽然不知还要等多久，但是本专页认为PESTECH目前已具备突破的条件。拭目以待！


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