Strategic Moves and New Faces: PUC Berhad's Recent Developments

Proven Venture Capital Ltd's recent divestment of its entire stake in PUC Berhad marked a pivotal moment for the company, signaling a change in substantial ownership. In a noteworthy development, PUC Berhad disclosed today that Mr. Liew Fook Meng, renowned as a confectionery tycoon and founder of Cocoaland, has acquired 500 million shares, equivalent to an 18.0% stake in the company via an off-market transaction.

Mr. Liew Fook Meng's impressive track record in the confectionery industry is notable, as he spearheaded the growth of Cocoaland, transforming it into the largest manufacturer of sugar confectionery products in Malaysia. Under his leadership, Cocoaland's products gained global recognition, being exported to Southeast Asia, the Middle East, East Asia, North America, and Europe.

Cocoaland's journey began in 2000 when it was officially incorporated, later securing a listing on the Second Board of Bursa Malaysia in 2005, and subsequently moving to the Main Market a year later. The company was eventually acquired by F&N at a price-earnings ratio of approximately 30 times, showcasing Mr. Liew Fook Meng's entrepreneurial prowess.

The confluence of these events suggests that Mr. Liew, with his extensive industry experience, recognizes a significant potential in PUC Berhad, substantiated by his substantial investment in the company.

Given the current market dynamics, with PUC's shares trading at RM0.035 and a market capitalization of RM86.4 million, one cannot help but question whether the company is undervalued. A technical analysis indicates that its current share price is exceptionally low, reaching what can be considered the lowest price level.

Therefore, this presents a golden opportunity for investors to reevaluate PUC's true worth and consider seizing this opportune moment to invest in the company. As strategic transitions unfold and a seasoned entrepreneur like Mr. Liew joins the ranks, PUC Berhad's trajectory seems poised for growth, making it an intriguing prospect for investors looking to capitalize on potential upsides in the market.

$PUC / 0007 (PUC BERHAD)