Posted by stoCKTANgerin > 2015-07-10 16:47 | Report Abuse

Well, since the deal was inked today. I'm now eagerly waiting for those analysts from different investment banks to complete their reports.

Monday should be able to see those analyst reports with revised TP flying around. Should be from the following:
1) KENANGA [Outperformed RM3.99]
2) CIMB [Neutral RM2.71]
3) AM [Hold, RM2.92]
4) RHB-OSK [Neutral, RM2.61]

So far only KENANGA give fair price as what we expected. CIMB, AM and RHB-OSK used to give high TP, but recently revised downward due to uncertainty of the deal.

Since now all inked, Monday those analysts got a lot of story to tell. I guess all revised TP above RM3.

For your information, CIMB gives TP RM4++ before revised to RM2++

Posted by kahhoeng > 2015-07-10 16:48 | Report Abuse

hng33, thanks your comments on Kulim, BJCorp and Parkson. Guess Puncak deal will take longer to complete then, its stated within 2 months. Sigh! Thought could be earlier...

Posted by stoCKTANgerin > 2015-07-10 16:50 | Report Abuse

Nowadays KENANGA very aggressive. They always SMS the recommended stock before market open to all their clients.

Since KENANGA give TP RM3.99, dont be surprise to see one day PUNCAK is within their SMS recommended stock.

By that time the share price of PUNCAK will gap up. In case you are not aware about this KENANGA SMS stock recommendation, you can ask any of your friends who has KENANGA account :)

Posted by ImCK > 2015-07-10 16:50 | Report Abuse

good closing

Posted by SinGor > 2015-07-10 16:51 | Report Abuse

Puncak deal is rather straight forward maybe 2 weeks Rozali will receive 1.55 bil. Alot of documents got to be arranged and transfered within 60 days including Splash negotiation
bcoz it comes in a package. I think more announcement on Monday. Once the Land roadblock
is removed everything flows very quickly.

Posted by money888 > 2015-07-10 16:52 | Report Abuse

Thanks stockCKTangerin

Posted by superspeculator > 2015-07-10 16:53 | Report Abuse

Rozali has all the rights to refuse to extend the deadline. State and fedreal can't do anything.

Posted by king555 > 2015-07-10 16:57 | Report Abuse

thanks stocktangerin...hopefully we will see more reports come out from local research analyst..hope they will revise the TP of puncak

Posted by Dylan1027 > 2015-07-10 16:58 | Report Abuse

Suddenly everything turns grey... Thx

Posted by ImCK > 2015-07-10 16:59 | Report Abuse

this 2 day sure have media goreng this stock liao

Posted by king555 > 2015-07-10 16:59 | Report Abuse

superspeculator..if ur boss ask u to follow their instructions,are u dare to say "NO"?of course he got the right to refuse

Posted by ckk2266 > 2015-07-10 17:01 | Report Abuse

kahhoeng
Money money....must be funny ....in the rich man world

Posted by smartly > 2015-07-10 17:02 | Report Abuse

agreed with stockCKTangerin & ImCK, probably puncak in the lime light next week...

Posted by redbean > 2015-07-10 17:02 | Report Abuse

La la la la l am waiting for the good news and l also see $$$

Posted by SinGor > 2015-07-10 17:02 | Report Abuse

Rozali can reject the deal if Fed and States are still at deadlock. Once extension and roadblock
removed, rejecting means killing Langat 2. Killing Langat 2 means you are Najib's enemy.
Rozali have to join PAS lama in Kelantan

Posted by smartly > 2015-07-10 17:03 | Report Abuse

kahhoeng, u r the longest holder here i believe :p

Posted by hng33 > 2015-07-10 17:06 | Report Abuse

If Puncak, Rozali say 'Yes' agreeing to allow state to complete deal within another 60days, then it will be anther extension after 13 July. Longer than expected if Puncak deal can be seal today before deadline 13 July, so that can declare special dividend faster.

Posted by hng33 > 2015-07-10 17:08 | Report Abuse

It is just a matter of time, Puncak fundamental remain intact

Posted by ckk2266 > 2015-07-10 17:12 | Report Abuse

Hopefully Puncak will issue statement regarding this deal

Posted by ckk2266 > 2015-07-10 17:14 | Report Abuse

http://www.freemalaysiatoday.com/category/bahasa/2015/07/10/penstrukturan-air-di-selangor-ditangguhkan-lagi-60-hari/

Posted by SinGor > 2015-07-10 17:14 | Report Abuse

Rozali is a very smart guy. Refused the deal and Splash will get the 2 bil. Killing Langat2
makes him the enemy of the states. Politican like Rozali knows the consequences. Fed will
turnaround and attacked Rozali with the help of STATES. Tell me where Rozali is going to hid.
Best place Kelantan and joined Pas lama

Posted by ckk2266 > 2015-07-10 17:18 | Report Abuse

http://www.themalaysianinsider.com/malaysia/article/selangor-water-deal-finalised-says-azmin

Posted by ckk2266 > 2015-07-10 17:25 | Report Abuse

http://www.themalaymailonline.com/malaysia/article/end-in-sight-to-water-woes-as-selangor-putrajaya-finally-ink-supplement-dea

Posted by ImCK > 2015-07-10 17:27 | Report Abuse

i think so monday sure fly high
this 2 day media sure keep promoting liao
buy popcorn watch movie

Posted by SinGor > 2015-07-10 17:27 | Report Abuse

I think kahhoeng will get a very big duit Raya--But remember to sell. All the news will filter out
by tomolo papers.

Posted by ckk2266 > 2015-07-10 17:28 | Report Abuse

PUTRAJAYA: Deputy Prime Minister Tan Sri Muhyiddin Yassin witnessed the signing ceremony of a supplementary agreement to the master agreement for the Selangor, Federal Territories Kuala Lumpur and Putrajaya water supply restructuring. The supplementary agreement between the Federal and Selangor state governments signed would effectively put an end to the Selangor water issue since 2008. The supplementary agreement were signed by Energy, Green Technology and Water secretary-general Datuk Loo Took Gee, Selangor chief secretary of state Datuk Khusrin Munawi, Pengurusan Aset Air Bhd chief executive officer Datuk Ahmad Faizal Abdul Rahman and Pengurusan Air Sela¬ngor Sdn Bhd chief executive officer , Suhaimi Kamaralzaman. It was also witnessed by Selangor Menteri Besar Mohamed Azmin Ali, Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili and his deputy Datuk Seri Mahdzir Khalid. Muhyiddin is also the chairman of the Special Cabinet Committee on Selangor Water Issues congratulated the Energy, Green Technology and Water Ministry and Selangor state government for putting aside political difference for the sake of the people through the supplementary agreement. “With this ceremony, the respective stakeholders have 60 days to complete the conditions precedent (CP) to the master agreement. “After all CPs have been fulfilled, the master agreement and acquiring of Puncak Niaga Holdings Bhd shares will be enforced to allow Air Selangor to take over Puncak Niaga (M) Sdn Bhd and Syarikat Bekalan Air Selangor,” he said in a statement. Azmin, hailed the landmark event as the agreement would have a major and direct socio-economic impact to the almost eight million people in Selangor and Kuala Lumpur. He commended Muhyiddin and Maximus for their continuous effort to ensure the issue would be resolved as soon as possible.

Read More : http://www.nst.com.my/node/91627

Posted by SinGor > 2015-07-10 17:34 | Report Abuse

Minimum 3.50 Maxi 4.0 After that no-man land

Posted by SinGor > 2015-07-10 17:36 | Report Abuse

Remember LTH didn't buy and didn't sell. i think they are waiting for 3.75 and above.
EPF will sell but vol maybe small

Posted by datasonic > 2015-07-10 17:37 | Report Abuse

it will drops on Monday

Posted by ckk2266 > 2015-07-10 17:37 | Report Abuse

Really envy hng33 makes enormous sum from OSK & Puncak trade

Posted by hng33 > 2015-07-10 17:39 | Report Abuse

....“With this ceremony, the respective stakeholders have 60 days to complete the conditions precedent (CP) to the master agreement. “After all CPs have been fulfilled, the master agreement and acquiring of Puncak Niaga Holdings Bhd shares will be enforced to allow Air Selangor to take over Puncak Niaga (M) Sdn Bhd and Syarikat Bekalan Air Selangor,” he said in a statement......


I think, Rozali certainly will agree to extent after next Monday deadline for 7th extension, Rozali must show respect to fed and State agreement

Posted by ckk2266 > 2015-07-10 17:41 | Report Abuse

http://www.theedgemarkets.com/my/article/federal-selangor-govts-have-60-days-conclude-water-restructuring-master-deal

Posted by hng33 > 2015-07-10 17:41 | Report Abuse

ckk2266

Don't envy here and envy there, so long everyone can make profit either small or big also must happy. Through these forum, hope everyone can benefit, aside profit, try hard to avoid loss

Posted by warrenbucket > 2015-07-10 17:42 | Report Abuse

take over by air Selangor at what price? hmmm...Puncak NTA is RM5.14 !!

Posted by SinGor > 2015-07-10 17:42 | Report Abuse

Once vol hit 10 million, Mon or Tue, you have to sell and buy back later.
60 days is a very Good Goreng period. Very Very sure EPF will use this time to unload all stock.

Posted by vitac > 2015-07-10 17:46 | Report Abuse

Alamak warren they only take over the water asset not the whole company noting to do with the nta....

Posted by warrenbucket > 2015-07-10 17:48 | Report Abuse

oic...tq vitac

Posted by SinGor > 2015-07-10 17:49 | Report Abuse

Puncak will be my TOP "Goreng Stock" for 2015--HaHa. Have plenty of sleep before Monday

Posted by ckk2266 > 2015-07-10 17:53 | Report Abuse

Once SinGor & hng33 repurchase Puncak...surely shoot pass 3.0......haha

Posted by hng33 > 2015-07-10 18:42 | Report Abuse

ckk2266

Depending on news update within next 60 days and share price momentum, but if deal is near to final seal and Puncak is ready to declare special dividend, definitely will jump back even if at higher price than now.

Posted by ckk2266 > 2015-07-10 18:55 | Report Abuse

hng33
R u full time trader?

Posted by ckk2266 > 2015-07-10 18:57 | Report Abuse

hng33
Would u mind if I need your comments on Fitters? Prospects and earning growth

Posted by hng33 > 2015-07-10 19:03 | Report Abuse

ckk2266

Yes

Posted by hng33 > 2015-07-10 19:04 | Report Abuse

ckk2266

Not familiar with Fitters, sorry, unable to comment.

Posted by ckk2266 > 2015-07-10 19:14 | Report Abuse

hng33
It ok...TQ

Posted by Dylan1027 > 2015-07-10 19:21 | Report Abuse

some say up some say down.. confusing..

Posted by SinGor > 2015-07-10 19:45 | Report Abuse

kahhoeng. After 4pm i was concerned how i am get shares for less than 2.80 but suddenly shares
were flying to me however by 4.30 some very big buyer(s) suddenly emerged from no-where.
So there are many big players around. Can Puncak reach 3.60 by Tuesday maybe not.
I would bank on EPF to pushup and sell. Just pushing to 3.0 on Monday would drive punters
frenzy and then syndicate will operate from another price range.
Puncak got a Floor RM1/dividend ( around 2.70) Sell below this price will induce massive buying
so my bet is push up and sell.
How Good reviews by printed materials( sat ) will determine stock price on Monday

Posted by ImCK > 2015-07-10 19:49 | Report Abuse

no more 2.8 2.9 liao the issue have solved just need patient only

Posted by Roger123 > 2015-07-10 19:59 | Report Abuse

market efficient...... There is no gaining after the announcement.

Posted by Roger123 > 2015-07-10 19:59 | Report Abuse

That's y i sold all