my friend told me even puncak sold water assets to selangor, we may not get the RM1 special dividen because Puncak need money to expand new business???
Sebastian the rm1 special dividend is the most minimum pay out . The another rm1.0b will expand for business . But let's us wait n see . If really today state gov n fed gov sign the agreement then only we start buying . ..
don't be surprised if puncak pays another dividend of $0.50 on top of the declared dividend of $1.00 in the same manner as CI Holding .The share price will fly .This is possible bcos the oil n gas assets are much cheaper and will not require as much cash to be set aside
We should trust RELIABLE source of information rather than clown Roger123 100% contradicting 'insider news' . Of course, sometime these RELIABLE news cann0t 100% accurate, but it still derive by reliable source.
Like that alrdy hati berdebar2....if the deal is indeed seal, RMN 1.55 billion cash + Puncak net cash position RM 3.68/fully diluted share and special dividend RM 1/fully diluted share only about to start perform.
1. Bjcrop: Lack of short term catalyst, but VT keep support the share, therefore, can scalp trade for 0.5-1sen/share gross profit is possible, it also currently trade cum 1sen final dividend. Bjcrop Q3 result is exception one off gain revalue of its associate bjauto, but Bjcrop also in Q4 record one off exception loss of 63% subsidiary bjalnd die to impairment in goodwill. Upcoming, bjcorp can expect another one off gain for its land disposal, but its subsidiary Bjtoto may record lower profit due to need to absorb 6% GST and may face risk of non renewal of its toto operation in Philippine.
2. Parkson: Share price on further weakness due to ease of share buyback support, which in turn is due to the fact that to avoid trigger take over code at 33% threshold mark by major shareholder. In addition, Parkson may face another legal course in China, forcing Parkson to make further provision. Slow down in Vietnam also force Parkson to close down operation, and Msia operation also face weak consumer spending after implementation GST. Nonetheless, slump in Parkson share price also maybe tailing and downside risk may be limited.
3. Kulim: CPO price continue on weakness, newly acquire Indonesia estate still require capex to develop, Through associate, kulim also expose to oil and gas industry. Kulim balance sheet have improved significantly after sold off its NPLO to Sime, and have committed to shareholder with 70sen special dividend within 2 year. Shareholder can expect kulim second tranche of special dividend by year end or early next year. Kulim also have many valuable palm oil landbank in johor ready to transformer into housing to to proximately to Pengerang, oil and gas hub. Kulim share price on weakness due to continue sell down by its major shareholder Kumpulan Persaraan, but is support partially by company share buyback.
Water stocks up on news of signing of supplementary agreement
By Cynthia Blemin / theedgemarkets.com | July 10, 2015 : 12:10 PM MYT
KUALA LUMPUR, (July 10): The shares of water concessionaire and pipe related counters saw a significant speculative buying on news that the federal and Selangor state governments are to sign a supplementary agreement this afternoon.
The excitement surrounded the news that the signing ceremony of a supplementary agreement can be seen as a positive step towards effectively ending the Selangor water impasse that has dragged on for the last eight years.
Shares of Kumpulan Perangsang Selangor Bhd (Perangsang Selangor) jumped as high as 5.75% or 8 sen during morning trade to hit RM1.47. Perangsang Selangor holds strategic stakes in major water supply and water related companies namely, Konsortium ABASS Sdn Bhd (ABASS).
At 11.32am, shares of water concessionaire Puncak Niaga Holdings Bhd ( Financial Dashboard) was up 4.18% or 11 sen at RM2.74,w ith 1.72 million shares done.
Pipemakers JAKS Resources Bhd and Engtex Group Bhd ( Financial Dashboard) also rose in anticipation. Shares of JAKS and Engtex rose to as high as 80 sen and RM1.21 respectively, during morning trades.
At 11.36am, shares of JAKS was up 4 sen or 5.3% at 79.5 sen, with 5.93 million shares traded.
According to theedgemarkets.com, the federal and Selangor state governments are expected to sign a supplementary agreement this afternoon, effectively ending the Selangor water impasse.
The website quoting sources close to the matter, said the event is to be witnessed by Deputy Prime Minister Tan Sri Muhyiddin Yassin. Muhyiddin is also the chairman of the Special Cabinet Committee on Selangor Water Issues.
One source said that Selangor Menteri Besar Mohamed Azmin Ali and Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili are expected to attend the signing ceremony. The event that will also be attended by the Selangor exco will be held at Muhyiddin's office in Putrajaya this afternoon, the source added.
This also confirms a report published by The Edge Financial Daily on June 25, that a supplementary agreement will be signed by both, the federal and state governments.
According to the report, the signing of the supplementary agreement will see the state maintaining ownership of its water assets and Putrajay proceeding with the long-delayed development of the Langat 2 water treatment plant project.
The report quoting a source said that the federal government has conceded most of the key points of contention by Azmin in the master agreement that have stalled efforts to finalise the state's water restructuring.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
sudahkena
1,804 posts
Posted by sudahkena > 2015-07-10 10:42 | Report Abuse
AG sudah kne sound kah??