2016 is a long time in share trading. Trade the shares babies. Soya bean price is weak, leading to weak CPO price. The two oils are substitutes for each other.

Puncak obtained a stay of execution on the water license non-renewal. Kali vowed to slu it out with Puncak. To me, it's all sandiwara. The court order strengthened Puncak bargaining position in the on-going negotiations.

Tsh's main risk exposure is Indonesia - a more risky country than Malaysia for investment due to possible abrupt change in policies like taxes.

I suggest trade Puncak as any other attractive counter if price dip below RM3. Completion of water deal will be good collateral benefit.

Nobody knows for sure what will happen tomorrow. Anybody who professes to know with 100% certainty whether the price will drop is talking through his colon. Last time we have Roger 123 and ayam berlari. Now we have another trying to take the title of the 'Talking Colon'.

The NTA per share and EPS are very good. Wait for the water deal to conclude. Trade the counter for pocket money, but do not sell out of the counter.

Puncak's price above RM3 is driven by the progress in water deal.

Koon in his recent post said that he invests in this counter on a 20 year time span. Koon is 82 years old and recently said that he sold some shares (to take some profit he says and to reinvest in counters like Sarawak Plantations) for some pocket money. Is Koon going to see the fruit of his investment in JTIASA in 20 years time? Go figure! So trade this counter like Koon does.

Yeah, why delete your posts?

Also KPS may represent the future of the water industry in Selangor if Kali choose to corporatise the water assets in KPS!

I will accumulate KPS below RM1.5. I always have this feeling that it will be used as the vehicle for corporatising the Selangor water industry and issuing share to Selangorians as Kali is reported to have promised. I understand it's the only public-listed company left in Selangor's stable.

The disposal of the 28 storey building for RM220 million is completed on May 22nd. Results should be in the quarter ended 30th June as sephiroth indicated. I myself will hold and accummulate on weakness below 75 sens.

Thanks hng33. I will try to digest the figures.

Thanks hng33. Now to do the sum of parts valuation. Does anyone have enough info to do this? i.e. the profit of each segment, apply the industrial PE, divide each segment (profit times the PE) by the issued shares and add up - like what hng33 did for Puncak.

@mbgeclt. No scientific method, but evidence: heavy volume without much price movement. Also heavy sell and/or heavy buy volume separated by a few cents - in between this is the collection zone! Can anyone add more tips?

I hear the roar of the tiger. Ride the tiger anyone?!

Volume higher. Collection season at RM2.98 to RM3.02 is on.

Don't speculate on Kali. Look at KPS fundamentals. Good out-come with kali will be collateral benefits. But keep eyes on the ball - KPS's fundamentals!

Long term we are all dead - Keynes.

OTB said the Foresta project was sold out! Who is correct?

Yeah, still in negotiation.

If you think it's going to be long, trade a bit. The price goes up and down. It's good for making pocket money!

Hold on to and collect KPS on weakness.

A small group is artificially depressing the price to collect. They fail to also depress the warrant which gave their game away. Collect with them. The losers are those who get spooked and sell.

Yeah, collect. At the end of the whole exercise, the price should be RM8. So bad news now is good news!

Someone deliberately depressing the price for collection.

Buy opportunity coming up!

I still have this feeling that KPS will be used to corporatise all the water assets after the take-over. It will be the least costly and simplest option!

The warrant is holding up, which is a good sign.

Market selling a bit now due to uncertainty. My chart says that the support level is RM2.98.

Kali don't have 6 months. Likely he lose PKR election for deputy pres and he has about 1 month after that. We will see.

Don't think kali have 6 months. After the PKR election and with Askme confirmed as Deputy President, he will be out.

@stkoay. superman123 is also Roger the Colon 123. It's expected of them to speak only through their colon!

Hold both Puncak and KPS. It's hard to out-guess the stock market.

Yeah hng33. Tks.

Yeah Kali has lost credibility. Wait for Puncak official announcement.

Ayamberlari kuat kuat cari makan,
Menyalar ke-bawah bukit cow-dung,
Roger the Colon selalu chakap tahi,
Tambah tahi untuk ayam cow-dung 'ni

Crownford tentu, tentu nya betul,
KPS ta boleh dapat asset air itu,
Dia tentu sama tiap tiap hari boleh menahi,
Tetapi lupa usus besar pun boleh sesak diri!

You are sooo sure? Whatever will be will be... the future's not for us to see..hey sera sera....!

Roger the Colon sudah hilang otak,
Ayamberlari sudah hilang bulu botak,
Kedua-dua nya lari hilang jalan,
Sampai jatoh dengan BTs di-jamban!

I suspect finally, all will be consolidated under KPS with KDEB the overall holding company. Khalid said to give shares to Selangorians in water. KPS only listed company left that is owned by Selangor in water business. Gamuda will let go since its arm can be twisted via its license to draw raw water issued by LUAS.

KPS also owns 15% of SYABAS.

MB said the original offer to Gamuda for Splash is still open.

The main target is Syabas the monopoly water distributor. All the others are nice to have BUT not essential! Since the State owns all the dams and water, it can easily build its own water treatment plants. But it cannot replicate SYABAS. The only saving grace for Gamuda, is that KPS owns 30% of SPLASH and KPS is majority owned by Selangor. So unlikely it's services will be terminated. Selangor knows it doesn't need Splash. So it priced its offer for it to be rejected and save money! Gamuda should have accepted the first more favourable offer and not tie its fate with Puncak. Because it doesn't own SYABAS, it's bargaining power is weaker. Now by accepting Selangor's offer, Puncak may have 'played' out Gamuda.

There may be top up by Fed to compensate for the denial of tariffs increase.

The Malaysiakini report:

The Selangor government has decided not to use the Water Services Industry Act (WSIA) after two water concessionaires Puncak Niaga Sdn Bhd (Puncak Niaga) and Syarikat Bekalan Air Selangor Sdn Bhd (Syabas) agreed to the state's takeover terms.

Selangor Menteri Besar Abdul Khalid Ibrahim in a joint statement today with Energy Minister Maximus Ongkili said they made the joint decision after receiving the confirmation of the concessionaires.

"Puncak Niaga and Syabas have agreed to the takeover by the Selangor government, pending approval from their shareholders at their respective extraordinary general meeting (EGM).

According to the agreement, Puncak Niaga Holdings Bhd (PNHB) has accepted the Selangor government offer for the takeover of the equity, liability and assets of Puncak Niaga and Syabas at a value of RM2.47 billion and RM3.11 billion each, said the statement from the Menteri Besar's Office.

Note that the offer includes taking over the liabilities. If the report is accurate, this means the RM2.47B and RM3.11B are the net amounts. Then just for the SYABAS portion, at 70% ownership by Puncak, it will be RM2.177B or RM2.177/(411 million + 40 million) = RM4.82 per share just for the water assets. If add in the O&G (RM1.8 per share) and Construction (RM1 per share), the Puncak's price is RM7.62 per share. Correct me if I am wrong, anyone?

Ok. It's in Malaysiakini.

hng33, any link for news?

Technical rebound with volume?!

Angelina2 darling, still time to ride the tiger!