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KLSE:PTRANS

3 stories mentioning KLSE:PTRANSUpdated 31d ago

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Asia

Perak Transit to Deploy AI, Digitalize Bus Terminal Operations

Perak Transit (KLSE:PTRANS) said it will deploy digitalization, artificial intelligence, data analytics and automation across its bus and terminal operations to improve efficiency and asset utilization.The group will initially focus on fleet scheduling, maintenance, fuel and route monitoring, and operational analytics, according to a Thursday Malaysian bourse filing.The public transport hub operator is targeting 10% to 15% cost efficiencies in selected fleet operations, particularly in fuel management, maintenance, and fleet utilization.Perak Transit is also evaluating a potential strategic partnership with a local industry player to develop and deploy digital solutions, and may eventually commercialize some of the technology solutions for other transportation and terminal operators, the filing said.

KLSE:PTRANS
Asia

Perak Transit Plans Share Buyback; Shares Soar 23%

Integrated public transportation company Perak Transit (KLSE:PTRANS) plans to buy back its shares, according to a Thursday filing with the Malaysian bourse.Shares of the company jumped nearly 23% in Friday's midday trade.The company said its latest net assets stood at about 0.73 ringgit per share, compared with a market price of around 0.17 ringgit, implying the stock was trading at a roughly 77% discount to net assets.Perak Transit said the buyback is intended to enhance earnings per share, deploy capital efficiently and complement its dividend policy.The company said it is also repositioning its transit terminals into lifestyle and commercial hubs while expanding into the wholesale, retail and e-commerce of fast-moving consumer goods to diversify recurring revenue.

KLSE:PTRANS
Asia

Perak Transit Seeks 10% Share Buyback Mandate; Shares Dip 4%

PePerak Transit (KLSE:PTRANS) is seeking its shareholders' approval to renew share buyback authority to purchase up to 10% of the issued shares in the company's upcoming annual general meeting, according to a Friday Malaysian bourse filing.Shares fell 4% in Monday's midday trade.The terminal operating company will share a statement containing details of the repurchase plan with shareholders in due time, it noted.

KLSE:PTRANS

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