can go full force to buy already. shouldnt have any obstacle to hold back the Selangor piping project after the GE14 election!!! accumulate from now since cheap!!! buy at your own risk. just my opinion
Now, since pH take over federal from bn,every NGO seems very bravely to speak loudly and urge new government to this to do that. Malaysia have a long timer bomb waiting to solve for decades : non revenue water wasting. Even putrajaya have few report on this issue to urge government to settle it quickly before too late.lazy to share those news and report ,can google it easily.once all new minister are ready,sure all NGO will make noise on this issue again.and engtex are in great position to benefit on this since they can manufacturing those large size paiping
In our previous article that mentioned about election, we did mentioned that if Boss party manage to win back Selangor state, then the water issue will be solve. Even though BN didn’t win back but now PH had won the federal government, hence, water issue will be solved too!
Selangor MB had just mentioned that: Azmin to finalise Selangor water industry restructuring exercise https://www.nst.com.my/…/azmin-finalise-selangor-water-indu…
a. KPS: After winning the state back, they will definitely try to finish up the last piece of puzzle for water supply in Selangor. The last piece of puzzle of it is SPLASH where KPS have 30% shareholding in this company while GAMUDA has 40% shareholding.
The price tag for this company is around RM3b, hence KPS might get RM900m. The market cap for KPS now is RM664m, and total issued shares is 499m which make up to RM1.8 cash per share if they manage to sell SPLASH at RM3b. Source: Source:http://www.focusmalaysia.my/…/splash-takeover-unlikely-befo… https://www.thestar.com.my/…/…/25/splash-sale-in-the-offing/
b. Engtex: We are all well aware that the Non-revenue water issue is quite severe in Selangor which have been bothering for quite some time. We believe the new government could use this opportunity to “get it done” (if u know what we mean).
last time spend too much for share buy back liao. Now is the time to cash out abit..The price definitely wont shoot so fast one unless gt any big catalyst pop out...
Harmony. You seem new in this forum. What I meant is water related companies would become a hot cake in the market especially KPS and Engtex...let’s see how PH deal with the water supply situation in Selangor next month.
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swtue2
51 posts
Posted by swtue2 > 2018-03-02 08:28 | Report Abuse
Any impact for engtex?
http://www.cbc.ca/news/business/trump-steel-aluminum-1.4557060