Posted by SinGor > 2015-05-21 17:10 | Report Abuse

Don't want to trust this Ongkili fellow ( always blow inflated cow ) AfterAll he lives in a long
house, no water-- just jump into a stream nearby.

Posted by jolie2 > 2015-05-21 17:12 | Report Abuse

wiwangwang... you forget to mention this .... "after huat in puncak , then shift to kps"

Posted by SinGor > 2015-05-21 17:51 | Report Abuse

Actually NO time to shift back to Kps bcos syndicate will move KPS beyond your reach.
It is better to buy both at the same time. But we have limited assets.

Posted by CaoCao > 2015-05-21 18:15 | Report Abuse

wah 11 jun only wor.. :-)

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4745949

Posted by hng33 > 2015-05-21 21:17 | Report Abuse

Continue operation ( oil and gas is making loss now) report loss, but its discounting operation ( water ) report big profit. Puncak still opt to consodilate both and report handsome 15sen eps, increase NTA, water profit still record as profit attribute to puncak shareholder!?...but Rozali say before that Puncak is not recogized any profit from water since 2013..doubt doubt how accuracy these financial result now? .

Posted by hng33 > 2015-05-21 21:25 | Report Abuse

In these quarter,Puncak is recogized revalution landbank surplus for RM 23m ( revalue is done on Fed) and is record under its 'other business segment, this has help Puncak partly mitigate and narrow its continue operation loss to just -4m.

Posted by water > 2015-05-21 21:47 | Report Abuse

Don't sell it cheap for those still holding. Base on latest QR Puncak is still has over net cash over RM4 post water asset disposal. Those already sold create false news for you to sell cheaply. Don't fall into their trap.

Posted by water > 2015-05-21 22:17 | Report Abuse

Minimum special dividend RM1 is mentioned in the QR subject to completion of water deal which is delayed another month to June 11th.

Posted by davidtslim > 2015-05-21 22:58 | Report Abuse

“We’ve (the federal and state governments) agreed that everything must be resolved by mid-June. The first phase is to buyout Puncak Niaga and Syabas. By mid-June specifically before Ramadhan which falls on the 18th. I have told the minister and he has agreed,” said Azmin.

Posted by davidtslim > 2015-05-21 22:58 | Report Abuse

http://www.themalaysianinsider.com/malaysia/article/selangor-to-acquire-puncak-niaga-syabas-water-assets-by-mid-june

Posted by hng33 > 2015-05-22 00:01 | Report Abuse

He said the issue of cost raised by Puncak Niaga Holdings Berhad (PNHB) was not part of the decision to finalise the water industry restructuring process in the state.

He clarified that the state government and federal government were tied to the water industry master agreement after the two parties agreed to continue to implement it.

"What we discussed were measures to finalise the agreement and we will try to do so before Ramadan," he told reporters, after chairing the Selangor Economic Action Council Meeting today -


http://www.themalaysianinsider.com/malaysia/article/additional-cost-for-for-concession-takeover-not-discussed-says-amin#sthash.bXr1DByB.dpuf

Posted by hng33 > 2015-05-22 00:14 | Report Abuse

Everything must be resolved by mid-June specifically before Ramadhan.... 
vs. 
we will try to do so before Ramadan......

Posted by jacklintan > 2015-05-22 00:50 | Report Abuse

Azmin Ali will never put a statement like this. He said everything MUST BE RESOLVED in mid June.

Posted by SinGor > 2015-05-22 06:57 | Report Abuse

http://www.sarawakreport.org/2015/05/jho-low-how-pm-agreed-plans-to-make-usd500m-minimum-profit-from-insider-deal-against-cimbmaybank-exclusive/

Enjoy reading above and try to understand why land is used is such a big issue

Posted by hng33 > 2015-05-22 08:12 | Report Abuse

Thanks for sharing, SinGor.

Politican + business = corruption

Posted by SinGor > 2015-05-22 08:33 | Report Abuse

hng33. No other ways

Posted by Roger123 > 2015-05-22 09:10 | Report Abuse

Up in the morning down in the afternoon

Posted by Roger123 > 2015-05-22 09:10 | Report Abuse

Buy n got trap

Posted by jolie2 > 2015-05-22 09:11 | Report Abuse

roger... you got brush your mouth this morning-kah ?
Morning-morning talk rojak

Posted by Roger123 > 2015-05-22 09:24 | Report Abuse

Hahaha, this stock is called buy n die

Posted by Roger123 > 2015-05-22 09:27 | Report Abuse

Let See soon will touch 2.55

Posted by rlch > 2015-05-22 09:32 | Report Abuse

Puncak not bad today. Market down so many counters down Puncak still up thank to yesterday sterling result which show profit increase YOY.

Posted by jolie2 > 2015-05-22 09:38 | Report Abuse

confirmed rich got brush his mouth this morning.

Posted by Roger123 > 2015-05-22 09:41 | Report Abuse

Jolie: ur kps is still in icu?

Posted by Roger123 > 2015-05-22 09:42 | Report Abuse

Why?

Posted by rlch > 2015-05-22 10:22 | Report Abuse

Kenanga latest TP RM3.99.
http://klse.i3investor.com/blogs/kenangaresearch/77065.jsp

Posted by SinGor > 2015-05-22 12:13 | Report Abuse

Suddenly Spotlight is on Rozali. Azmin said price follows master plan. Rozali insist price
increased or else .........
If Azmin request lower "cagaran" or lower price, and then Rozali request higher price-----
no wonder Ongkili needs 60 days

Posted by hng33 > 2015-05-22 12:48 | Report Abuse

So far, there are 3 different timetable to complete the deal, Rozali ( by 11 June ); Azmin ( by 16 June), Ongkili ( by 20 July, 60 days). Azmin have proposed new condition ( presumably involve land lease in order to grant fed assess, ownership of water treatment plant etc), and it prompted Ongkili to present these amendment and term, next week in cabinet meeting in order to secure fresh approval. If what have proposed by Azmin is agreed by cabinet, then, it is highly chance to seal to deal by 11 or 16 June. If cabinet counter proposed back, then Ongkili will need to meet Azmin again, time will delay again.

Posted by hng33 > 2015-05-22 12:53 | Report Abuse

What supposed to be core earning contributor after water assets disposal, the oil and gas business now record incurring loss in Puncak latest financial result......Puncak claim the oil and gas have order book RM 2 bil from Petronas, it's now seem become victim of Petronas action to scale back and defer capex due to slump in crude oil.

Posted by roger321 > 2015-05-22 12:59 | Report Abuse

Buy n got trap

Posted by hng33 > 2015-05-22 13:00 | Report Abuse

Rozali claim the offer price 1.55 bil only account for Puncak water earning up to 2012, loss business opptunity cost, gst as reason to seek for higher than 1.55 bil compensation.

However, It could be tactic adopt by Rozali to pressure Azmin to seal the deal as soon as possible. This is judging from the fact that Puncak despite in previous announcement highlight to seek higher offer price, but in latest announcement, Puncak still willing to grant extension to Air selangor until 11 June without incur any new condition

Posted by roger321 > 2015-05-22 13:02 | Report Abuse

this stock is called buy n die

Posted by hng33 > 2015-05-22 13:26 | Report Abuse

Roger321

Don't be so desperate....Puncak still have many opptunity to trade short term expecially toward near to their 3 respective timetable to complete the deal....if news confirm the deal completion, certainly Puncal share will get big boost, follow by another surge once special dividend is declare, but beware NOT to opt for these dividend as once ex- Puncak likely will downgrade severely judging from without water earning, it will record loss....oil and gas from being earning contributor now become loss making....and it will be uphill task for Puncak to fill lucrative water earning vacuum, Puncak new venture if opt to buy Palm oil plantation estate will require very long gestation period and dependent on CPO price.

Posted by kahhoeng > 2015-05-22 15:15 | Report Abuse

Hng33, after disposing water asset n dividend declared,puncak will still have over 1 billion cash. @ 3% interest, puncak shall earn 30 millions a year the least. Thus, puncak will post profit going forward for sure

Posted by hng33 > 2015-05-22 15:26 | Report Abuse

Kahhoeng

Agreed, but if count only interest income from cash deposit of 1 bil, it only yield 30-40m pa about 7.5sen eps pa vs. Current Water profit at least 60m per quarter, a massive 240m profirt annually, 60sen eps pa...

If take into account need to offest loss making oil and gas busniess, puncak future eps will even slim. Unless, Petronas resume capex, turnaround oil and gas, then, at least still have more buffer

Posted by Wiwangwang > 2015-05-22 15:27 | Report Abuse

For me I see puncak lucky because of the water deal keep on delay . If the deal done early last year . Puncak will bought more expensive asset . Include oil n gas sector . Or palm oil estate . Now this two business puncak want to take a part is more cheaper than last few year . Let's us to wait for the wind fall durian from this puncak .

Posted by jolie2 > 2015-05-22 15:28 | Report Abuse

Wiwangwang.... you forget to mention... "after untung in puncak, then we can untung in kps"

Posted by Wiwangwang > 2015-05-22 15:33 | Report Abuse

Singor don't forget splash still have few month (sept) to negotiate with sel gov n fed . So I just hope splash deal will take long time a bit . Let our puncak deal done then we have enough time to switch back to kps or gamuda . Anyway wish everyone here good luck and huart huart huart ar ...

Posted by jolie2 > 2015-05-22 15:35 | Report Abuse

the chearleader of the year award goes to ...............
" Wang Kor Kor" ................ we all luv Wang Kor Kor .

Posted by hng33 > 2015-05-22 15:44 | Report Abuse

Wiwangwang

Agreed, current palm oil estate or oil and gas asset price should alrdy down to benchmark against current CPO and crude oil respectively. Nonetheless, no one such assest are comparable with water concession which commmand profit margin of more than 50%.

In order to filled up at least partial loss of water profit, i think Puncak must leverage it balance net cash of 1 bil, to acquire more accretive assest that is worth more than its cash or in other word, capitalize its net cash multiple through bank borrowing, increase gearing. This can be done provided the new assest return is more than interest charge and the balance margin profit can translate into increase return of equity, mitigating the loss from water business.

Posted by SinGor > 2015-05-22 15:50 | Report Abuse

Gamuda already unload at 5.20 yesterday. (No hope of reaching 5.30) Najib All Talk but no money. Tony Pua also said the same things. When oil price comes back to $100/barrel,
Gamuda strong BUY

Posted by hng33 > 2015-05-22 15:57 | Report Abuse

Now better preserve cash, waiting for market to reach bottom, oversold, then only start bargain hunt to reduce risk

Posted by SinGor > 2015-05-22 15:58 | Report Abuse

Next week when cabinet approved the deal, I will push KPS to 1.70. Then I will sell to Wiwangwang
at 1.95 and make all your money earned from Puncak (atleast 4.00 Mah ) I think it is a FAIR
deal. ( my thinking is so evil )

Posted by Wiwangwang > 2015-05-22 16:08 | Report Abuse

Haha singor as long those share price can move up . I bought expensive a bit also nvm . . But now just wait for puncak to done the deal first .

Posted by SinGor > 2015-05-22 16:12 | Report Abuse

Give me a buzz when you unload at 4.0

Posted by kahhoeng > 2015-05-22 16:30 | Report Abuse

Hng33, probably you are right. Still, I believe puncak is dirt cheap @ 2.58.

Posted by kahhoeng > 2015-05-22 16:33 | Report Abuse

Of course, assuming that the deal will be completed soon

Posted by kahhoeng > 2015-05-22 16:45 | Report Abuse

Hng33, if I were not wrong, post special dividend, puncak should still have about RM 3 of cash per share. Including special dividend of RM 1, that's RM 4 of cash! Guess market either has doubt over the completion, or the market has to be truly inefficient right now

Posted by SinGor > 2015-05-22 16:50 | Report Abuse

kahhoeng. Of course it is cheap--when you have 5 wolf calls. My day One call--Don't trust
politicians. I am so use to this type of call ( everyday politician tell me works coming--after
3 years still coming )

Posted by hng33 > 2015-05-22 17:44 | Report Abuse

Kahhoeng

Agreed, Puncak is even worth more than RM 5 / share in sum of analysis....but whether it is realizable dependent on completion of the water disposal.

For short term, still can aim for deal, by 11 June ( Rozali), by 16 June (Azmin) or by 20 July (ongkilil). On the other hand, for long term, depend on assets acquisition to fill gap earning left from water disposal.