Posted by hng33 > 2015-07-08 20:15 | Report Abuse

Greece seeks three-year loan, pledges to enact reforms next week

http://finance.yahoo.com/news/greece-seeks-three-loan-pledges-120222523.html

Posted by cheoky > 2015-07-08 20:24 | Report Abuse

Wonder what is the outcome of cabinet meeting today? Should have discussion on water issue

Posted by ImCK > 2015-07-08 20:27 | Report Abuse

now look is azmin problem z

Posted by money888 > 2015-07-08 20:59 | Report Abuse

ImCK..why you say so?

Posted by kahhoeng > 2015-07-08 21:05 | Report Abuse

ImCK & chrischan, alas, hng33 has bought and sold Puncak the way he sees fit for quite some time. When he sold yesterday, he did make us known of his trade but we didn't follow or hesitated for too long. His approach, while earning him bigger return, carries additional risk (I believe) as well. I am used to buy and hold for slight longer period (my longest is Citigroup for 7 years already) and not good at trading short term. So, follow him if you find his approach good or learning other approaches that you are comfortable. No need to hantam hng33 lah, he has contributed a lot towards updated news and financial analysis of Puncak.

Posted by cheoky > 2015-07-08 21:36 | Report Abuse

http://www.thestar.com.my/News/Nation/2015/07/08/Azmin-Putrajaya-Delaying-Deal/

Who is right? Why such a fuss?

Posted by jacklintan > 2015-07-08 21:42 | Report Abuse

kahhoeng, do u mean hng33 left ord?

Posted by Vaylens Chong > 2015-07-08 21:43 | Report Abuse

tp 62 Cent.

Posted by kahhoeng > 2015-07-08 21:43 | Report Abuse

jacklintan, no idea, but he did mention he sold Puncak yesterday before closing though

Posted by hng33 > 2015-07-08 22:02 | Report Abuse

.......The further delay in concluding the supplementary agreement was caused when the state government refused to agree to provide the land required under this restructuring exercise during the transferring of water assets to Pengurusan Aset Air Berhad (PAAB) by Air Selangor Sdn Bhd.

This was needed to satisfy the requirement of the National Land Code and the Water Services Industry Act 2006.

“While this is a requirement in all the water restructuring exercises, sadly this issue had been used by the state government to make it appear as if the Federal Government is out to grab state land,” said Energy, Green Technology and Water Ministry secretary-general Datuk Loo Took Gee.......

Posted by money888 > 2015-07-08 22:07 | Report Abuse

Is she correct? Will WASIA be used this time?

Posted by ImCK > 2015-07-08 22:13 | Report Abuse

go fxxk azmin keep argue like kids

Posted by cheated > 2015-07-08 22:19 | Report Abuse

Another month delay likely.

Posted by cheated > 2015-07-08 22:27 | Report Abuse

Azmin can blame now puasa; next week he want enjoy Raya first only solve water deal later. After all Khalid 6 years as MB also fail to conclude water restructuring why Azmin need to hurry in less than 1 year as MB.

Posted by cheated > 2015-07-08 22:33 | Report Abuse

RM 2-2.30 can buy.

Posted by iamnat > 2015-07-08 23:28 | Report Abuse

hmm... from KETTHA's statement seems like the supplementary agreement is not ready yet...

Posted by SinGor > 2015-07-09 06:56 | Report Abuse

http://www.malaysia-today.net/we-are-bangsa-johor-not-bangsa-msia-says-crown-prince/

Taking land from the state is a very touchy situation. Royal family regards all state land belong
to the Sultan ( it is the same as in Johor or Selangor). Taking lands for PutraJaya and KLIA
already upset Sultan of Selangor big time. Now another Land grab for 26,000km pipe line is
consider No-No ( I thought Najib already made known of this long time ago)

Posted by cheoky > 2015-07-09 08:18 | Report Abuse

So how to reach a compromise?

Posted by kahhoeng > 2015-07-09 08:43 | Report Abuse

Singor, you sounds like there is no hope in finalizing a solution? Truth is, has the land issue be so critical to the Selangor Sultan, Khalid won't be allowed to sign the Master Agreement in the first place. Azmin is clearly politicizing land issue lah!

Also, something I don't like about the Ministry of Energy and Water's comment yesterday. There is no comment on how and steps to be taken to address the last hurdle in getting water deal completed or if there is any steps taken to address water shortage. Good luck to us, now even bureaucrats are in blaming game...

Posted by sudahkena > 2015-07-09 08:55 | Report Abuse

Really frust... fr 1 week.. two week.. b4 hari raya.. now also no conclusion. ..

loss opportunity to invest in other stock

Posted by hng33 > 2015-07-09 08:59 | Report Abuse

Agreed with kahhoeng, Khalid a close friend of Sultan allowed to sign the Master Agreement in the first place. Land transfer is together with water pipe is common practice in other state also, after the lease expire, all the land and water pipe will return back from Fed to state control,

Posted by SinGor > 2015-07-09 09:01 | Report Abuse

kahhoeng. I have mention this before--land issue is just a delaying tactics by Fed to let some
times for AijGor to sort out his own problem. Why must AijGor dug a well and let others
enjoy the water.

Posted by Roger123 > 2015-07-09 09:03 | Report Abuse

Sell sell sell buy buy buy

Posted by Roger123 > 2015-07-09 09:04 | Report Abuse

Singor lose until no underwear liaw

Posted by Roger123 > 2015-07-09 09:06 | Report Abuse

We have to ask yoda, the future of puncak

Posted by hng33 > 2015-07-09 09:06 | Report Abuse

Azmin at the first place SHOULD NOT politicizing land issue and keep on arguing water treatment that is belong to Fed, but accidentally include as State assets, wasting numerous time to fight something that are worthless and pointless

Posted by SinGor > 2015-07-09 09:11 | Report Abuse

Roger123. Heavy or not. 250K. No more parking at 2.60. Still buy call.

Posted by kahhoeng > 2015-07-09 09:14 | Report Abuse

Singor, I don't know what to be gain with a lengthy delay of water restructuring (guess that's why I can never be politician.) Our politicians need to learn to COMPROMISE! Umno losses that when they have the majority for too long (getting too bossy), and PKR acted as if they can do anything with people's mandate (they really need to look at and learn from Tsipras). Truth is, they are anything but a form of extremists!

Posted by hng33 > 2015-07-09 09:18 | Report Abuse

Since it is very likely to be delay again, Puncak deadline 13 July need to seek further extension, so that water theme can still keep floating and hope remain. Minority investor may still wan to wait, but Puncak major shareholder, Rozali stand is crucial now....to grant further extension or.....

Posted by hng33 > 2015-07-09 09:28 | Report Abuse

Agreed, that why Puncak dare to rescind SPA with state if still unable to fulfill last condition precedent in the agreement. But legal course take long time...The only hope is Fed can help to speedy current ongoing case against state for non traffic increment, reach settlement as soon as possible.

Posted by kahhoeng > 2015-07-09 09:32 | Report Abuse

hng33 yes, puncak can always claim a speedy court settlement is imminent due to a need to serve people water. But Singor seems to suggest Fed is not in a hurry to solve the water issue too, sigh!

Posted by ckk2266 > 2015-07-09 09:53 | Report Abuse

By then Puncak still able to receive "lucrative " income from water concession?

Posted by calvintaneng > 2015-07-09 09:54 | Report Abuse

Waiting to buy at Rm2.00

Posted by hng33 > 2015-07-09 09:56 | Report Abuse

kahhoeng

I think if state still insist, Fed can just use Wasia to just take over Langat 2 development BUT need not take over control exiting water concession, thus can minimize interference to capital market. Afterall, what Fed care is just Langat 2.

It is previous MB, Khalid come up the idea to exchange deal with Fed, in which Fed must help state to take over existing concession, in exchange, State grant development order for Fed to develop Langat 2.

Therefore, if Azmin still stubborn, Fed can just use Wasia to take over Langat 2, leave Azmin to settle problem with exiting concession alone for its mountain high debt and numerous pending court case which is in favor to concession against state

Remark: Take a 'hint' here............."As had been said previously, we hope to conclude the supplementary agreement the soonest possible. Otherwise, it may be up to the state government to sort out its own water problem in Selangor," added Datuk Loo Took Gee, KeTTHA secretary-general....

http://www.theedgemarkets.com/my/article/buck-again-passed-supplementary-water-deal-delay

Posted by SinGor > 2015-07-09 09:58 | Report Abuse

Rozali is the real Taiko on 13 July.--pull the plug we are all back to square One.

Posted by hng33 > 2015-07-09 09:59 | Report Abuse

based on scenario above, Fed still have upperhand than state, if Azmin stubborn, state will be the only loser

Posted by SinGor > 2015-07-09 10:23 | Report Abuse

Scenario 2. Puncak pull the plug on 13/7 but States & Fed signed the deal one month later.
Roger leapoff the roof.

Posted by hng33 > 2015-07-09 10:25 | Report Abuse

Index pare down loss, all stock rebounded back

Posted by cheoky > 2015-07-09 10:34 | Report Abuse

So still can hold puncak and see those jokers sort out this mess la.....

Posted by hng33 > 2015-07-09 10:41 | Report Abuse

cheoky

While we understanding political game between Azmin, and Fed, but, there is another MOST important person, Puncak major shareholder, Rozali, holding a trump card to checkmate.

Posted by rosmali > 2015-07-09 10:42 | Report Abuse

semua main taichi....

Posted by cheoky > 2015-07-09 11:00 | Report Abuse

Azmin behaving like Tsipas, thought just Selangorian mandate, he can bulldoze through. Regardless how some compromise is surely needed.... Sien. He didnt see the acuteness of the water and time? This selling price by Puncak might not be available after 13 July.....The whole scheme collapse...Fed left him alone to rot better....

Posted by hng33 > 2015-07-09 11:20 | Report Abuse

State can resolve mountain high debt and legal case with concession without need a single sen, BUT ONLY if state willing to allow increase water traffic + extent concession period to compensate concession holder and offset their outstanding receivable own by state.

Posted by hng33 > 2015-07-09 15:13 | Report Abuse

kahhoeng

If without Fed gov grant and to assume all liabilities from concession as much as RM 9.65 billion in total, state have to face alone the problem. This is no unusual to grant concession extension as it have practise by Fed gov on power plant and toll operator, even Penang state gov also allow water traffic to increase vs. Selangor state, no water traffic increase + free water + take over concession

Posted by Roger123 > 2015-07-09 15:39 | Report Abuse

Roger is here! Hng faster buy more puncak

Posted by Roger123 > 2015-07-09 15:40 | Report Abuse

Hng: I cant support at 2.60 already. Plz help

Posted by SinGor > 2015-07-09 15:54 | Report Abuse

Roger --Very heavy -meh. After Raya and another 15 days before All the Silat Master return
to work--leh

Posted by ckk2266 > 2015-07-09 16:09 | Report Abuse

http://m.selangorku.com/?post=77731

Posted by cheoky > 2015-07-09 16:13 | Report Abuse

so? showdown?

Posted by sudahkena > 2015-07-09 16:13 | Report Abuse

Within 2 day.....