April 26, 2011, 6.39 pm (Singapore time)
By ANGELA TAN
Construction-linked PSL Holdings Limited said on Tuesday that it is keen on investing in Indonesia's coal industry given its good growth potential and the positive outlook of the energy sector.
'This investment into the Indonesian coal business will provide an additional business leg for the PSL Group, and thus generate a stable and recurring income stream for the group,' Lee Cheng Peck, PSL's Group Managing Director said.
Mr Lee added that it will serve to boost PSL's earnings growth and help offset against the cyclical nature of the construction industry.
PSL will take a 11.5 per cent stake in Sindo Resources Pte Ltd, which will own PT Bubuhan Multi Sejahtera (BMS) - an Indonesian company with mining rights over at least 25 million MT of coal reserves in Sumatra, Indonesia.
Indonesian businessman, Charles Antonny Melati, will own 65 per cent of the total enlarged share capital of Sindo Resources.PSL will loan Mr Melati about US$3 million to fund his purchase of shares in BMS.(By
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oppa49
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23-Nov-2012 17:19
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need to watch next monday to confirm a turn up direction.
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New123
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23-Nov-2012 14:55
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anyone going for this? | |||||||||||||||||||||||||||||||||
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soulcries
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06-Nov-2012 21:23
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thks dude for the references | |||||||||||||||||||||||||||||||||
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stevenlim109
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06-Nov-2012 10:08
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i google and found the relation finally - http://masnet.mas.gov.sg/opera/sdrprosp.nsf/936bad13609791c948256b3e001ed49f/72404D524983B7B348257A930030B8BE/$File/1a.%20Geo%20Energy%20Resources%20-%20Final%20Prospectus%20-%2010%20Oct%202012.pdf PSL energy is sub of PSL holding owns about 11% of Geo.
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soulcries
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05-Nov-2012 23:31
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RSI have reach to almost lowest with 7.5% and a very strong support at 0.225 but i have a question ,can anyone tell me is geo energy (recently listed) is one of the subsidiary of PSL holding?i have tried to research about it.Couldn't find out the answer. I only found that geo dynamic is the subsidiary of PSL holding. that statement i heard is from my friend of mine . I need to know the answer... |
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soulcries
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03-Nov-2012 09:44
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This coy have changed their management,change it ceo and cfo,with that they will be more responsible in their earning and will not spend unnecessary money and they will start to focus on their strategy and strategizes and meet their objective | |||||||||||||||||||||||||||||||||
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smallcap_king
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01-Nov-2012 22:43
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hang in there....this gem got potential...need patience.... ( Date: 31-Oct-2012 00:43) With this restructuring, Mr Foo Kah Lee shall now be responsible for the Group's strategic directions and expansion plans, and the management of the Group's overall business development. In particular, he shall spearhead and manage the Group's foray into the coal business. |
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soulcries
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31-Oct-2012 20:28
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yes coal business are very lucrative business...PSL is a investment company at first it may require a lot of capital which may not show much earning yet or announce earning.But in times to come,when there is a harvest u can expect what will happen. Recently ,all weak holders and contra have dump their shares whereas strong investor still remain holding . With good earning ,it can moves very far
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smallcap_king
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31-Oct-2012 00:43
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PSL HOLDINGS LTD Back
MISCELLANEOUS :: CHIEF EXECUTIVE OFFICER
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smallcap_king
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31-Oct-2012 00:40
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old news: group is very much interested in coal bizPSL eyes Indonesian coal business |
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smallcap_king
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31-Oct-2012 00:29
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look out for coal news: we are waiting..........................http://www.theedgesingapore.com/component/content/37943.html?task=view PSL plans to buy 99.9% stake in SWP,which holds a coal mining licence for a concession area in Indonesia, but said the consideration has not been determined. SWP holds a production operations mining business licence for a concession area of 2,127 hectare in Jambi Province, Indonesia. The concession has a term of 10 years starting from April 4, 2011. |
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soulcries
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24-Oct-2012 23:12
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PSL warrants up volume may be small but got some movement |
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soulcries
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20-Oct-2012 23:03
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whats cause the price action movement may i ask at the end of october
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flyersummer
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19-Oct-2012 22:01
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buy now at 0.29 price action will start end oct |
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soulcries
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19-Oct-2012 19:56
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ytd like bb fake into buying and till now no action not much movement |
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New123
Elite |
17-Oct-2012 14:42
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slowly going Up ..
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soulcries
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15-Oct-2012 21:36
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yes i think should be up tml le,vested last week together with myanmar stock huat chai! | |||||||||||||||||||||||||||||||||
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New123
Elite |
15-Oct-2012 21:34
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should be going up to test 32 cents soon. | |||||||||||||||||||||||||||||||||
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edwinjup
Master |
15-Oct-2012 18:15
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Picked up some today.... | |||||||||||||||||||||||||||||||||
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soulcries
Senior |
14-Oct-2012 14:52
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next week should be up,buying interest are very huge | |||||||||||||||||||||||||||||||||
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PSL Hldg W170422