Posted by kahhoeng > 2015-03-10 08:16 | Report Abuse

?!? Roger, what do u mean something going to happen?

Posted by hng33 > 2015-03-10 08:48 | Report Abuse

Dreamhouse

Its no 100% confirm yet, these is because the water deal involve 3 parties: Puncak as seller, state and fed as jointly buyer. In addition, the deal is interconditional upon agreement between Puncak and State and agreement between State and Fed. As for now, there is conflict in agreement between Fed and state in which Fed request extension, but State refuse and allow the deal to lapse. Nonetheless, these lapse in agreement may or may not affect agreement between Puncak and State.....3 possible scenario again as below:

Scenario 1: State or Fed grant wavier its inter conditional term and Puncak deal still valid

Scenario 2. Both state and Fed last min compromise to continue agreement

Scenario 3. All agreement between Puncak and State and agreement between state and Fed totally lapse

Posted by jolie2 > 2015-03-10 08:57 | Report Abuse

Feeling negative ???????

Let's shake it off those negative things. Be positive.

https://www.youtube.com/watch?v=nfWlot6h_JM

Posted by Roger123 > 2015-03-10 09:01 | Report Abuse

lelong again

Posted by kahhoeng > 2015-03-10 09:01 | Report Abuse

hng33, doubt state has the money to buy, fed does though. It would be a whole lot easier if fed were to absorb those companies and negotiate with state directly, instead of having to go back and forth this time. One of my wishful guess

Posted by Roger123 > 2015-03-10 09:02 | Report Abuse

They have money. But something is missing

Posted by kahhoeng > 2015-03-10 09:03 | Report Abuse

roger, is lelong what you meant by something going to happen?

Posted by hng33 > 2015-03-10 09:05 | Report Abuse

Just buy more Puncak at 2.57

Posted by Dylan1027 > 2015-03-10 09:05 | Report Abuse

2.55... -0.14 once open

Posted by Roger123 > 2015-03-10 09:05 | Report Abuse

lelong means mega sales

Posted by Roger123 > 2015-03-10 09:06 | Report Abuse

hope that can recover fast based on the latest news

Posted by kahhoeng > 2015-03-10 09:07 | Report Abuse

roger, know what lelong is, just wonder if the correction is about your post of something going to happen?

Posted by Roger123 > 2015-03-10 09:08 | Report Abuse

I am buying now

Posted by hng33 > 2015-03-10 09:10 | Report Abuse

Knee effect, RM 2.57 serve opportunity to seize more Puncak share price at even depress price. Once market calm down, Puncak will rebound back later.

Posted by jolie2 > 2015-03-10 09:11 | Report Abuse

let's follow roger the cocky rooster.

ATTACCCCCCCCCCCCCCCCCCCCCCCCCK !!!!!!!!!!

TORA ! TORA ! TORA !

Posted by rlch > 2015-03-10 09:12 | Report Abuse

Buy back today after 2 months absence. Seem EPF also like to trade on Puncak, I follow.

Posted by jolie2 > 2015-03-10 09:12 | Report Abuse

BANZAIIIIIIIIIIIIIIIII !!!!!!!!!!!!!!!!!!!!!

Posted by Roger123 > 2015-03-10 09:17 | Report Abuse

Hng33: How many shares u have now?

Posted by Roger123 > 2015-03-10 09:18 | Report Abuse

U keep buying everytime

Posted by hng33 > 2015-03-10 09:22 | Report Abuse

Roger 123

I'm keep accumulate and average down Puncak holding cost as i'm fundamental believer. Currently, I'm using my cash flow and reserve in my retail business to accumulate more Puncak today at 2.57, therefore, i will treat investment in Puncak as part of my long term business.

Posted by jolie2 > 2015-03-10 09:27 | Report Abuse

normally fundamental believer is a BIG GAMBLER.

I just read from a book by Jessi Livermore (the most famous stock trader of all-time.) that stated this.

Posted by titus > 2015-03-10 09:28 | Report Abuse

Thanks to hng for keep on supporting this shares and buying it up. I will continue to keep it as my purchase price is low. Hence, i will continue to keep it. If today lingger around 2.60, then it should be safe. Any news on this again or discussion will revive the price upward.

Posted by singkaulan > 2015-03-10 09:32 | Report Abuse

i think will drop to 1.80...be careful

Posted by SinGor > 2015-03-10 09:33 | Report Abuse

I think it is not a good idea to rush in now. Najib is facing pressing problem by 1MDB. 3 billion
interest payment is going to due soon. Cabinet is in "derhaka mood"--ejecting Najib's request
to bail out 1MDB. Azmin is running his victory lapse now. So who are in the negotiating Table?

Posted by kahhoeng > 2015-03-10 09:33 | Report Abuse

no money or guts to buy...

Posted by Superb99 > 2015-03-10 09:35 | Report Abuse

very dissapointed to this counter...

Posted by jolie2 > 2015-03-10 09:36 | Report Abuse

agreed with singor.
read this

http://www.freemalaysiatoday.com/category/nation/2015/03/08/muhyiddin-absent-from-umno-chiefs-meeting/

Posted by annchua > 2015-03-10 09:42 | Report Abuse

it seems like the share price is very much dependent on the news whether the deal is confirmed or not....but not by the fundamental that hng33 has captured...why??? ppl do not care about fundamental nowaday? or it is because no matter how good puncak EPS (50 or 60 or 100)...it is not attractive to investor because puncak do not give regular dividend even with good financial results?? please help me to understand all sifu...

Posted by kahhoeng > 2015-03-10 09:42 | Report Abuse

wonder if the whole issue is merely due to no money to get it going?!? if so, best for Puncak suing state for money

Posted by Dylan1027 > 2015-03-10 09:55 | Report Abuse

hopelesss... no ending as usual

Posted by fzank > 2015-03-10 10:04 | Report Abuse

gave up .... never ending story .... sold & switch to other stocks ....

Posted by stanleyt > 2015-03-10 10:29 | Report Abuse

fzank..... me too......

Posted by kahhoeng > 2015-03-10 10:53 | Report Abuse

with edge daily putting this on the headline, hope its not going to fall for another 5%

Posted by rlch > 2015-03-10 10:53 | Report Abuse

Cut water supply and let Selangor folks feel the pain if state government keep delay.

Posted by kahhoeng > 2015-03-10 10:55 | Report Abuse

that will put puncak into heavy lawsuit, think better with suing state government to collect money with federal helping speeding up the process

Posted by Winwin8888 > 2015-03-10 11:02 | Report Abuse

Time to sell all switch to other stocks..".......

Posted by Dylan1027 > 2015-03-10 11:07 | Report Abuse

http://www.theedgemarkets.com/my/article/putrajaya-wants-azmin%E2%80%99s-answer-after-selangor-cancels-water-deal

Posted by kahhoeng > 2015-03-10 11:12 | Report Abuse

fainted, saw the news, so another few weeks before knowing the potential destinations?

Posted by hng33 > 2015-03-10 11:12 | Report Abuse

Putrajaya wants Azmin’s answer after Selangor cancels water deal

By The Malaysian Insider / The Malaysian Insider | March 10, 2015 : 10:59

KUALA LUMPUR (Mar 10): Putrajaya wants Selangor Menteri Besar Mohamed Azmin Ali to explain why he cancelled the agreement made last September to restructure the water services in the state.

Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili in an Utusan Malaysia ( Financial Dashboard) report today said the ministry was waiting for an official letter from the Selangor government before taking the next course of action.

"We will wait for the official letter from the Selangor government and its explanation for refusing to extend the water agreement," he was reported as saying in the Umno-owned Malay daily.

It was reported yesterday that Selangor had revoked the controversial water agreement with Putrajaya inked by Azmin's predecessor Tan Sri Abdul Khalid Ibrahim in September last year.

Azmin told reporters in Parliament that the Federal Government had failed to comply with conditions set by the state government.

Posted by speakup > 2015-03-10 11:13 | Report Abuse

first SKPETRO then PUNCAK, who next?

Posted by kahhoeng > 2015-03-10 11:23 | Report Abuse

guess too many thinking deal will eventually go through, bet through puncak and decide to sell after the news, sigh! those not selling like me are suffering the most

Posted by Raymond Tiruchelvam > 2015-03-10 11:28 | Report Abuse

no deal !!! what the....

Posted by Superb99 > 2015-03-10 11:29 | Report Abuse

what is the purpose of investment...is return, no dividend, everybody run away..the last dividend payout was jun 2013...i think puncak should announce some dividend even without the money from government to give confidence to the investors, i think there were few rounds that we can escape from this counter when it went up above RM3 and RM2.8 sth but we choosed to believe our BOLEH gov thus ended up we are stuck...no doubt, puncak has good fundamental but frankly the management is not really kind to the investors...investment return is still the main concern...hopefully those big players like EPF and LTH are still keeping their shares otherwise...we will become salted fish...

Posted by kahhoeng > 2015-03-10 11:35 | Report Abuse

haha... you are right, superb. I was in the money many times, but choose to stick to this believing in an eventual completion. I am having not much faith with overall market over commodities issues and decide to stick to company with potentially heavy cash on hand as safety net. guess potential is not firm

Posted by rlch > 2015-03-10 11:39 | Report Abuse

Main reason is Anwar was jailed. First should cut water supply to Azmin house.

Posted by smartly > 2015-03-10 11:43 | Report Abuse

The conflict between the federal and state governments is centred on a dispute which materialised after the federal government claimed the Semenyih and Bukit Nanas reservoirs, together with all the water pipelines in Selangor, are under Putrajaya’s management and ownership, while the Selangor ruling-party, Pakatan, said the assets belong to the Selangor government.

Posted by kahhoeng > 2015-03-10 11:46 | Report Abuse

smartly, that's why Selangor state said, federal has yet to come up with its argument...

Posted by smartly > 2015-03-10 11:46 | Report Abuse

The Selangor state government is unlikely to grant the federal government a third extension to the master agreement signed on 12 Sep last year to restructure the state’s water supply industry.

Posted by smartly > 2015-03-10 11:47 | Report Abuse

Selangor government had disagreed to extend the deadline to accommodate some changes to the master agreement, which would allow the federal government to acquire all land utilised for water assets (such as pipes, plants and reservoirs) for free

Posted by kahhoeng > 2015-03-10 11:48 | Report Abuse

guess puncak drop the most partly thanks to headline on edge daily