Posted by Jay > 2016-11-22 11:06 | Report Abuse

like I said before, this counter is really a test of patience. short term can look at earnings, long term cashflow. but if Puncak is willing to pay a fair price, I'm more than happy to sell

Posted by hng33 > 2016-11-22 11:08 | Report Abuse

yup, with contract RM 600m, Triplc can standalone, but, if Puncak wanna to acquire, it must pay attractive premium. Its win-win to both triplc and puncak shareholder

Posted by Up_down > 2016-11-22 11:14 | Report Abuse

The shareholders of Triplc are benefited from both situation...whether the deal calling off or done....What a good deal!

Posted by chonghai > 2016-11-22 11:16 | Report Abuse

@Up_down Make sense.
Probably Rozali wants the everything to be in place for the Triplc Medical before selling to Puncak to fetch a higher price. The issuance of Sukuk from Triplc Medical may be one of the few outstanding items to be closed. If there is anything left open, there may be a discount in valuation due to risk.
Or it could be that Puncak demand the project to be in a phase where they will not suffer from any risk before taking over. Look at the deal between EPF and EKOVEST. EPF added in clauses to protect the return. It is almost like a profit guarantee.
The fact that the deal was delayed for 2 times but never cancelled suggests that we should see a completion of the deal, just not sure when.

Posted by Jay > 2016-11-22 11:20 | Report Abuse

initially I thought Puncak wants to acquire because of synergy. Puncak has excess cash, Triplc need cash for construction. if Puncak acquired Triplc earlier and use its cashpile to finance the project, they would have been able to save the sukuk interest. but seems like the cash is going to be used for planting cost for oil palm. anyway good luck for all those still holding, hopefully the down period is now over

Posted by Up_down > 2016-11-22 11:21 | Report Abuse

Chonghai. You have quoted a good example. The price of Triplc won't be lower than NTA 2.62 anymore once the project started.

Posted by chonghai > Nov 22, 2016 11:16 AM | Report Abuse

@Up_down Make sense.
Probably Rozali wants the everything to be in place for the Triplc Medical before selling to Puncak to fetch a higher price. The issuance of Sukuk from Triplc Medical may be one of the few outstanding items to be closed. If there is anything left open, there may be a discount in valuation due to risk.
Or it could be that Puncak demand the project to be in a phase where they will not suffer from any risk before taking over. Look at the deal between EPF and EKOVEST. EPF added in clauses to protect the return. It is almost like a profit guarantee.
The fact that the deal was delayed for 2 times but never cancelled suggests that we should see a completion of the deal, just not sure when.

Posted by Jay > 2016-11-22 11:31 | Report Abuse

under the lodge and launch framework, Triplc will issue the sukuk within 60 biz days. so maybe we might see some earnings recognition by the May 2017 quarter. My estimate for FY17 EPS is only around 8-9c but FY18 will accelerate to 40c and FY19 and FY20 above 70c. but for disposal scenario, I still prefer to value based on DCF because that's the most likely method to be used

Posted by hng33 > 2016-11-22 12:15 | Report Abuse

Sold partial triplc at 1.90 and 1.92, lock handsome profit, free up capital first.

Retain balance stake fro higher TP

Posted by little_snake > 2016-11-22 12:45 | Report Abuse

how about land? triplc dont want sell their land anymore? lol

Posted by hng33 > 2016-11-22 13:50 | Report Abuse

Triplc still holding the land. But triplc have limited free cash to do property development, as triplc cash need to keep at certain level to meet bond repayment obligation. If Puncak can acquire triplc assets, it will unleash land value.

Posted by rogers123 > 2016-11-22 22:00 | Report Abuse

Hng:Lol. Really? No buyer. Can see but cant sell. Tomorrow i will sell it down. Hahahaha

Posted by rogers123 > 2016-11-22 22:11 | Report Abuse

Hng: How is the ghost city???

Posted by Jay > 2016-11-23 09:32 | Report Abuse

back within TP range of RM2-2.80

Posted by Ckk2266 > 2016-11-23 09:35 | Report Abuse

:)

Posted by hng33 > 2016-11-23 09:35 | Report Abuse

hahahaha, string, stringer, strongest now, back above RM 2.00

Posted by hng33 > 2016-11-23 09:36 | Report Abuse

BACKFIRE to clown roger123 lollll...pity clown how to sell it down !!?? hahahaha

Posted by hng33 > 2016-11-23 09:49 | Report Abuse

Sold back all balance triplc at 2.00-2.02, reap even higher paper profit, free up all capital

Posted by Up_down > 2016-11-23 09:52 | Report Abuse

This time is different lor....project is confirmed to kick off soon...first tp 2.5

Posted by Ahbeng11 > 2016-11-23 09:58 | Report Abuse

Up stream is strong

Posted by Jay > 2016-11-23 10:27 | Report Abuse

i'm expecting earliest construction is early next year to coincide with the financing they will get from the sukuk. so Feb 2017 quarter may be too early, expect contribution to really start to show in May 2017 quarter. soon but not too soon. before that maybe the Puncak deal would have been finalised

Posted by Up_down > 2016-11-23 10:36 | Report Abuse

It doesn't matter even the project starting construction 6 months later. Can't sleep well if the project is hanging there without any news or the government set it aside. Gunung's concession contract is a good example.

Posted by little_snake > 2016-11-23 10:39 | Report Abuse

by the time, the profit will be under puncak but triplc... lol

Posted by moneycashrich > 2016-11-23 11:19 | Report Abuse

I have not yet sell 1 share. Hope that there is strength......to go up.

Posted by rogers123 > 2016-11-23 11:54 | Report Abuse

huat huat huat. Hahahaha. Puncak and Iwcity Become ghost estate and ghost city.Congratulation to Hng

Posted by rogers123 > 2016-11-23 11:54 | Report Abuse

Mkland become ghost theme park. Hahaha

Posted by davidkkw79 > 2016-11-23 16:13 | Report Abuse

very tricky....Banker alway use 1 lot sell down to push down the price.

Posted by rogers123 > 2016-11-23 18:13 | Report Abuse

Hahaha. Today sold alot already

Posted by rogers123 > 2016-11-23 18:13 | Report Abuse

Tomorrow will continue

Posted by little_snake > 2016-11-24 10:33 | Report Abuse

sell 200lot only? come on... sell more please

Posted by davidkkw79 > 2016-11-24 12:50 | Report Abuse

..... 1 lot again.... = =

Posted by Up_down > 2016-11-24 21:56 | Report Abuse

Good sign! Puncak is desperately in need of turnover to support its existing operations.

Posted by Jay > 2016-11-25 00:03 | Report Abuse

at least can sustain them until the plantation start contributing

Posted by Ckk2266 > 2016-11-25 07:06 | Report Abuse

http://www.marc.com.my/index.php/marc-rating-announcements/660-marc-affirms-its-aaa-fg-rating-on-triplc-ventures-sdn-bhd-s-rm240-million-senior-mtn-programme-20161118

Posted by chonghai > 2016-11-25 08:10 | Report Abuse

Triplc in Berserk mode for few days and now back to normal.
Wondering what will be the next hurdle to clear for the deal..

Posted by Ckk2266 > 2016-11-25 09:26 | Report Abuse

Yes...gogogogo!!!

Posted by davidkkw79 > 2016-11-25 09:40 | Report Abuse

I really don't understand why last time people choose puncak but not triplc ?! They should choose triplc.

Posted by Up_down > 2016-11-25 09:46 | Report Abuse

David. Choosing Puncak is very comfortable....sitting on the piggy bank 2.5 and hope for bumper dividends or re-rating. Triplc...oh nope...plenty of debt on the surface so it is more risky....


Posted by davidkkw79 > Nov 25, 2016 09:40 AM | Report Abuse

I really don't understand why last time people choose puncak but not triplc ?! They should choose triplc.

Posted by davidkkw79 > 2016-11-25 09:51 | Report Abuse

Don't make me laugh, puncak now every quarters making losses big and bigger. Got cash got asset so what ? Wait for big shareholder show his mercy to reward minor shareholders ?

At least I wouldn't feel any comfortable see if the company I bought always show loss result. Now not the good time to have puncak. Indeed now is the bad time to hold puncak.

Posted by Jay > 2016-11-25 10:37 | Report Abuse

puncak has huge cashpile after water asset sale, however market doesn't think that they are going to spend it wisely, which on hindsight may be true. Triplc was a complicated concession biz, not many people would have paid attention to it. I also only noticed it after the first HOA

Posted by Up_down > 2016-11-25 11:13 | Report Abuse

Jay has done a good job. He shared with us his analysis in a very meticulous way. so I was convinced to join the boat. thanks Jay.

Posted by Jay > 2016-11-25 11:39 | Report Abuse

wow just noticed puncak price tanked while triplc price soared. is that a sign of good deal for triplc?

Posted by Up_down > 2016-11-25 11:47 | Report Abuse

The deal is getting nearer. Rozali could be busy snapping up shares of Puncak at cheap cheap price to ensure his proxies are sufficient to vote go for Triplc. Puncak wants business and Rozali needs to cash out...win win situation.

Posted by rogers123 > 2016-11-25 12:32 | Report Abuse

Hahaha

Posted by rogers123 > 2016-11-25 12:39 | Report Abuse

hmmm

Posted by rogers123 > 2016-11-25 12:40 | Report Abuse

Don be so rushing. Wait for correction first

Posted by rogers123 > 2016-11-25 12:41 | Report Abuse

Hng: U have done a good job to attract poeple buy at 1.00++. Welldone

Posted by nelayan > 2016-12-02 16:15 | Report Abuse

why so quiet...the deal is getting very very near...........

Posted by jc5360 > 2016-12-07 15:05 | Report Abuse

here now very quiet .....

Posted by little_snake > 2016-12-07 16:12 | Report Abuse

patient...

Posted by Up_down > 2016-12-07 16:15 | Report Abuse

Better Puncak abort the deal la....Triplc can survive standalone with good profit....No need their lans minorities to approve the deal...