One year ago...0.045

Dennis said:
1. We are in talk with potential joint venture partners
2. Our team is ready restart of the fledgling oil and gas (O&G) support services division
3. With good management effort, we are able to make profits for last 3 quarters

Now.....0.045 hahahahahahahahhahahaaaaaaaaaaaaaaa

With water agreement and langat 2 is under development, any reason why this ctr is not moving up?

Sorry guys sold all at .28 and wait again

More details of selangor water agreement will be announced on monday...

good news indeed......salcon can fly now

thanks Sepi...

sephi, what is your TP?

Old news but still encouraging

what is the TP?

the company needs more than 10 years to turn its accumulated losses with its current profit making performance. Share price may be stuck here for some quarters, unless company can venture into new business immediately, otherwise its just a goreng counter (reach 0.07 and back again to 0.04, which happened few rounds already)...my two cents

any good news?

transacted volume seems increase..........buckle up....

Accordin to annual report, the company will be launching new property project!

BULLshit RUN

BULLshit RUN

afternoon will fly

.11 transacted off market? What does it mean?

Is it a trick or is it game over?

8% div on 15 oct

Come on a trophy manufacturer can attract big shot, silly!

GE and OCBC buy in again

Thanks sephiroth, so worried whether the game is over....

need longer time to start the engine.....

need a good patient on this counter....

-3 mil losses.....game over

Wait no more tmr

Good result announced! Div should be oct

Thanks bro i have just enough holding 20 lots.

Where did u find the announcement? The company has no retained profits how to distribute dividend?

I just keep accumulating this share, hope it shines

Need patient...at least until month end

my feel tells me the price may yo-yo around 90 cents until selangor MB case is finalised...

any good news about the stock?

Both OCBC and GE bought in mil shares again

Thanks chineooi, do you know how much stake does Salcon owns in JV with Gkent?

am I right is the JV nature should be always a equal stake partnership formation?

　（吉隆坡5日訊）消息透露，喬治肯特（GKENT，3204，主要板貿易）是入圍馬石油邊佳蘭綜合中心（PIC）總值3億令吉水管興建計劃的公司之一；該股似聞風走高，今日一度高漲17仙至2.33令吉。

　利好推動下，喬治肯特今日頻頻走高，開盤先揚1仙至2.17令吉，隨后持續走高，一度漲至2.32令吉。休市掛2.32令吉，漲16仙，半日成交量384萬2000股。

　午盤間，該股一度高漲17仙至2.33令吉。閉市時，該股報2.30令吉，漲14仙，成交量521萬9100股。

　根據《The Edge財經日報》報導，消息指出，入圍上述計劃的共有4家公司，除了喬治肯特與實康（SALCON，8567，主要板貿易）組成的聯營公司，其他入圍的還包括商業高峰（PUNCAK，6807，主要板基建）、和合建築（HOHUP，5169，主要板建築）與羅集團（Loh&Loh）。

　報導指出，該計劃內容主要是為邊佳蘭綜合中心的污水處理廠提供工程、採購、建築及委外（EPCC）服務。整項總值高達890億令吉的邊佳蘭綜合中心計劃位于柔佛南部，預計會將建築和工程計劃分成多個部分，頒發給本地或外國公司。

　 喬治肯特主席丹斯里陳溪福早前在股東大會上宣布，公司可能會重新進軍油氣領域。

　雖然喬治肯特因利好推動走高，但其他入圍公司股價卻無太大波動。

　閉市時，商業高峰平盤報3.40令吉；和合建築起1仙至1.34令吉；實康平盤起0.5仙至91仙

The Selangor government is sticking to its collective RM7.65bn takeover offer as the state's water impasse edges a step closer to closure. The federal and Selangor governments signed a heads of agreement (HoA) on the restructuring of the state's water supply and distribution industry on Friday. Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili represented the federal government, while Menteri Besar Tan Sri Khalid Ibrahim signed on behalf of Selangor. Khalid said the collective RM7.65bn offer to the state's four water concessionaires remain unchanged, adding that the federal government is due to invoke Section 114 of the Water Services Industry Act 2006 (Wasia). Once invoked, it will reduce the takeover cost of the four companies by RM2bn from the initial offer of RM9.65bn.

The move will allow Selangor to pay only RM7.65bn to Puncak Niaga Holdings Bhd, Syarikat Bekalan Air Selangor Sdn Bhd (Syabas), Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash) and Konsortium ABASS Sdn Bhd. Of the four, Splash remains the only one that has yet to strike a deal with both the federal and Selangor governments. (BT)



The signing of the Heads of Agreement on the restructuring of Selangor water industry cannot be annulled by a change of the Selangor menteri besar, said Universiti Utara Malaysia Law, Government and International Studies College dean, Associate Professor Dr Ahmad Martadha Mohamed. "If the new menteri besar wants to annul the agreement, there will be legal implications as it is a valid agreement. The agreement is bound to have terms on withdrawal by any party, including compensation and other possible penalties," he said. (NST)

Water Sector - Fed and state sign HoA

Author: kiasutrader | Publish date: Mon, 4 Aug 09:55

- Federal and state governments sign HoA: Last Friday, the Federal and state governments signed the Heads of Agreement (HoA) to finalise the restructuring exercise in Selangor. The HoA is an extension of the Memorandum of Understanding (MoU) that was signed in Feb between the two parties. The state was represented by Mentri Besar Tan Sri Khalid Ibrahim while the Federal government was represented by Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili.

- HoA covers Langat 2, water restructuring exercise and mitigation projects: The HoA covers both the proposed RM9.65bil takeover of assets belonging to the four water concessionaires in the state as well as the implementation of the Langat 2 water treatment plant (WTP) and its distribution system.

- Key points on the water restructuring exercise:

(i) Transfer of RM2bil worth of assets to PAAB: The state will transfer RM2bil worth of assets not linked to the four concessionaires to Pengurusan Aset Air Bhd (PAAB). The proceeds from this will then be used to acquire the equities of the water assets;

(ii) Consolidation under an SPV: The water operators will be consolidated under a special purpose vehicle (SPV) which will be wholly-owned by the Selangor government and licensed under the Water Services Industry Act 2006 (WASIA); and

(iii) Operating via an asset light model: The SPV will operate via an asset light model by transferring the liabilities and water assets related to the liabilities to PAAB. The SPV will then lease the water assets from PAAB.

- Key points on the Langat 2 project:

(i) Commitment to complete Langat 2 by mid-2017: The agreement outlines the commitment by two parties to ensure the completion of Langat 2 by mid-2017;

(ii) State to issue all approvals: In regards to this, the state is committed to issue all approvals, including those related to land, planning permission, permits and way leaves for electricity transmission lines, needed for the implementation of the project; and

(iii) A special implementation committee and two working committees established: To implement Langat 2, a special implementation committee co-chaired by the Mentri Besar and the Energy, Green Technology and Water Minister was established. In addition, two working committees (including one chaired by the Selangor State Secretary) were established to resolve matters relating to the implementation of the project.

- No water tariff hike for the next three to four years: Following the signing of the HoA, Khalid said that there will be no water tariff hike in the Klang Valley for the next three to four years.

- SPLASH left to accept offer: Recall that K.Abass, Puncak Niaga Sdn Bhd and SYABAS have agreed to their respective offers in the restructuring exercise. SPLASH is the only concessionaire left to accept the offer. Gamuda Bhd, which owns a 40% stake in SPLASH, had noted that the RM250.6mil offer was less than 10% of SPLASH’s NAV of RM2.54bil.

- Fed to ensure negotiations continue: Nevertheless, the Federal government noted that it is committed to ensure negotiations continue between the state and SPLASH to ensure an ultimate closure for the water saga. We understand that a revision in bulk water supply rates could result in SPLASH’s acceptance to an offer.

- Maintain NEUTRAL: We are not surprised with the signing of the HoA as it would mitigate any uncertainties following calls for Datuk Seri Dr Wan Azizah Wan Ismail to take over as Mentri Besar of the state. There are talks that the terms of the water consolidation exercise could be revised if Wan replaces Khalid as the chief executive. Meanwhile, Puncak Niaga Holdings Bhd is expected to sign a definitive agreement on the water restructuring exercise within the next two months. Maintain NEUTRAL.

Source: AmeSecurities

Value stuck at ,905? any indication for that? Wait for finalisation of Disposal OR S'gor new government?

On the stocks front, Wong said that investors were still keeping an eye on opportunities in Malaysia and were keen on CIMB Research’s Salcon Bhd and Bonia Corp Bhd stock ideas.Salcon is exciting to investors because its fibre optic business holds strong promise if executed well. 

http://www.thestar.com.my/Business/Business-News/2014/07/31/Bullish-on-Malaysia-Foreign-investors-getting-more-positive-on-local-bourse/

Anbz, we shared your experience, expertise, and happiness. But maybe lets come back to this forum and share the analysis and report of kfima only instead of showing personal portfolios. Ppl here are also intelligent enough to judge what to hold and what to sell. Happy investing

tarik balik by the bad market condition

what happened? why so many blocking at 0.905

have to wait one month for the conclusion of SPA-B.....and......have to wait for Selangor new mb to conclude the water project..........sigh

Oh so the div does not need to consider the par value which will cut the amount into half?

How to calculate the div for 10 lots shares?

my calculation shows that i made losses after ex-date, i.e Div 0.015 vs Adjusted Px 0.03....am i right?

Yesterday ex-date...so buy-in today wont entitle for div

Esos