Pesona Metro Holdings Berhad

KUALA LUMPUR: Pesona Metro Holdings Bhd (PMHB) has successfully completed the issuance of its ASEAN Sustainability SRI Sukuk Wakalah through its 70 per cent-owned subsidiary, SEP Resources (M) Sdn Bhd. 

KUALA LUMPUR: Pesona Metro Holdings Bhd’s wholly-owned subsidiary, Pesona Metro Sdn Bhd has been awarded a superstructure works contract in Kuala Lumpur worth RM321.09 million from Sime Darby Property (Golfhome) Sdn Bhd.

© New Straits Times Press (M) Bhd

PETALING JAYA: Pesona Metro Holdings Bhd (PMHB) has accepted a letter of award from Sime Darby Property (Golfhome) Sdn Bhd for the execution and completion of superstructure works worth RM321.09mil.

Titan Weekend Chart Reviews

$PESONA / 8311 (PESONA METRO HOLDINGS BERHAD)

Looking quite bullish here as able to hold well above its RM 0.22+ main support levels and started to rebound back towards the RM 0.245+ regions during last week.

For now looks ripe for an uptrend continuation pattern as long as able to hold above its RM 0.225+ immediate support.

Support: RM 0.235, RM 0.225 areas
Resistance: RM 0.26, RM 0.27 areas

Titan Weekend Chart Reviews

$PESONA / 8311 (PESONA METRO HOLDINGS BERHAD)

Volume and buying momentum building up here quite well over the past few months.

For now as long as able to sustain above its RM 0.24 immediate support on the daily chart, could continue on towards and beyond the RM 0.26+ regions for an uptrend continuation pattern.

Support: RM 0.24, RM 0.22 areas
Resistance: RM 0.26, RM 0.28, RM 0.30 areas

$PESONA / 8311 (PESONA METRO HOLDINGS BERHAD)
Research by APEX
Not Rated – TP RM 0.46

"Building the Future”

• Pesona Metro Holdings Bhd specialises in government infrastructure projects, commercial developments, residential buildings, and industrial facilities. The company also holds concessionaire assets and is expanding into the property development business.
• Moving forward, Pesona is expected to achieve strong financial growth, supported by (i) improved construction project margins from execution of outstanding order book of RM2.2bn, (ii) stable recurring income from concession segment and (iii) maiden venture into property segment through M&A activity).
• Pesona is valued at RM0.46 based on a Sum of Parts valuation, which also corresponds to a 13.0x 1-year forward PER of the Group’s FY25F EPS of 3.5 sen. This valuation is a discount to Bursa Construction Index’s 1-year forward PER of 16.0x, premised to Pesona Metro’s smaller market cap.

Analyst:
Jayden Tan
kdtan@apexsecurities.com.my

Change in Remuneration Committee - DR YONG MUN CHING

Change in Remuneration Committee - MR YEONG YOK HOONG

Change in Remuneration Committee - PUAN SALWA BINTI SHAMSHUDDIN

Change in Audit Committee - DR YONG MUN CHING

Change in Nomination Committee - PUAN SALWA BINTI SHAMSHUDDIN

Change in Nomination Committee - MR YEONG YOK HOONG

Change in Nomination Committee - DR YONG MUN CHING

Change in Boardroom - MR WIE HOCK KIONG

Change in Audit Committee - MR YEONG YOK HOONG

Change in Boardroom - MR YEONG YOK HOONG

Change in Boardroom - DR YONG MUN CHING

Change in Principal Officer - MR SOH CHOON GUAN

Change in Nomination Committee - DATO' SRI LEE TUCK FOOK

Change in Nomination Committee - MR LOH KONG FATT

Change in Remuneration Committee - MR LOH KONG FATT

Change in Remuneration Committee - DATO' SRI LEE TUCK FOOK

Change in Boardroom - DATO' SRI LEE TUCK FOOK

Change in Boardroom - MR LOH KONG FATT

Change in Audit Committee - MR LOH KONG FATT

Change in Audit Committee - DATO' SRI LEE TUCK FOOK

General Meetings: Outcome of Meeting

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

PETALING JAYA: Pesona Metro Holdings Bhd has secured mechanical and electrical works from Gaya Kuasa Sdn Bhd for a residential high-rise project in Bukit Jalil, Kuala Lumpur worth RM410.5mil.

PETALING JAYA: Pesona Metro Holdings Bhd has secured mechanical and electrical works from Gaya Kuasa Sdn Bhd for a residential highrise project in Bukit Jalil, Kuala Lumpur worth RM410.5mil.