Posted by Wiwangwang > 2015-07-13 16:22 | Report Abuse

Will have a FINAL extension . All Water company have to hand out their company to PAAB n splash may have another new offer price . Maybe still less than NBV , if splash not accept the offer price WASIA will involve .. Final stage for water company in selangor .. Everyone who already invest in puncak . Kps . Gamuda just wait for the wind fall durian .. Huart ar .. Seem like some one try to press down the share price .. To buy back .. U all should know ...

Posted by SinGor > 2015-07-13 16:32 | Report Abuse

Selling is by contra players only (hoping to makes a fast one--already heard complaints just now) 6mil done on Fri---1.6mil now
By tomolo 50-60% contra players will be gone

Posted by money888 > 2015-07-13 17:11 | Report Abuse

Puncak is a good counter to kill contra players...hahahah

Posted by Roger123 > 2015-07-13 17:28 | Report Abuse

The Oracle- dare to say no one can earn supernormal profit until today

Posted by sudahkena > 2015-07-13 23:15 | Report Abuse

Do u think they will top up 4 splash? Fed got money? Then khalid can boo to azmin...

Posted by Roger123 > 2015-07-13 23:20 | Report Abuse

Hahaha. The answer has given that day.

Posted by ckk2266 > 2015-07-14 07:29 | Report Abuse

Puncak Niaga Holdings Bhd
(July 13, RM2.73)
Upgrade to buy with a higher target price (TP) of RM3.80: The federal and Selangor governments signed a supplementary agreement on the proposed consolidation of the state’s water industry last Friday. This, in our view, helps to overcome the final hurdle for Puncak Niaga to dispose of its water-related assets and oper- ations. The supplementary agree- ment was to complement the wa- ter restructuring master agreement signed initially on Sept 12, 2014.
Official details are scant at this juncture. KiniBiz reported that this new agreement allows the proposed consolidation to be implemented without the Selangor government giving up its land, while complying with the requirements of the Water Services Industry Act 2006. We believe
this implies that the state government will claim ownership of the land on which the Semenyih and Bukit Nanas water treatment plants are situated.
We are glad to see light at the end of the tunnel after eight years of negotiations. With the federal and state governments sorting out their differences, we believe Puncak Niaga’s proposed disposal of its wa- ter-related assets and operations will be finalised in due course.
According to the supplementary agreement, the exercise will have to be completed within 60 days.
On a side note, our channel checks indicate that the federal and Selangor governments could revive the shelved takeover of Syari- kat Pengeluar Air Selangor Holdings Bhd (Splash). We believe this could imply an improved offer for Splash’s existing shareholders, Gamuda Bhd
(“neutral”, TP: RM5.35) and Kumpu- lan Perangsang Selangor Bhd (“not rated”), which hold a 40% and 30% stake, respectively, in the unit.
Inviewofthe weaknessinglobal crude oil prices, we take the opportu- nity to slash our financial year 2015 (FY15) to FY17 (estimates) earnings per share by 24% to 40% by factoring in lower contribution from its RM1.8 billion Package B Pan Malaysia inte- grated offshore installation contract.
We are hopeful the takeover will be expedited to put an end to Puncak Niaga’s monetisation of its water as- sets and operations. We upgrade our call to “buy” (from “neutral”), and lift our TP to RM3.80 (from RM2.61) despite our earnings revision, as we remove the 35% discount previously pegged to Puncak Niaga’s sum-of- parts valuation. — RHB Research Institute, July 13

Posted by kahhoeng > 2015-07-14 07:53 | Report Abuse

well, kenanga lowers TP while RHB increases TP. Had institutional investors bought enough or wanted to unload?

Posted by hng33 > 2015-07-14 11:00 | Report Abuse

'Jangan mimpi ambil S'gor melalui pintu belakang'

http://www.malaysiakini.com/news/305053

Posted by iamnat > 2015-07-14 12:14 | Report Abuse

good video to recap especially for long-time holders here...
https://www.youtube.com/watch?v=ECyI0C5hMe8

Posted by ec1705 > 2015-07-14 13:09 | Report Abuse

PUNCAK release water a lot of people jumped in but when the water receded then realized some swimmers are naked... not allowed in Boleh land ok.

Posted by money888 > 2015-07-14 13:16 | Report Abuse

Puncak no announcement on extension?

Posted by cheoky > 2015-07-14 13:21 | Report Abuse

Maybe Puncak want to give price catalyst announcement rather mere rhetoric. They want to announcement s&p unconditional rather than extention....my wish.

Posted by cheoky > 2015-07-14 13:24 | Report Abuse

cos there is a possibility. Drastic action meant by Rozali is how Azmin get RM1.55bil in advance from bank or PAAB or Sultan?

Posted by cheoky > 2015-07-14 14:11 | Report Abuse

Biz as usual. No Greece crisis and Jibby still attaching to PM for foreseeable future. Hope Puncak can riding along with the aging bull...

Posted by iamnat > 2015-07-14 15:10 | Report Abuse

From the video above the sultan was at a function hosted by rozali. That speaks volume

Posted by Wiwangwang > 2015-07-14 15:21 | Report Abuse

Haha .. puncak faster pay me the special dividend .. then I have enough time to switch back to my kps. .
This time really huart la .. Everyone here also huart huart huart ar,...

Posted by money888 > 2015-07-14 16:41 | Report Abuse

good one cheoky...agree!

Posted by SinGor > 2015-07-14 16:57 | Report Abuse

hng33. Is buying KPS--Good one. I am the permanent resident there.

Posted by Mikkel Low > 2015-07-14 17:14 | Report Abuse

为庆祝即将到来的开斋节，大马交易所(BURSA)本周四(16日)将只交易半天，而周五(17日)则休市1天。下周一(20日)起恢复交易。

https://scontent-kul1-1.xx.fbcdn.net/hphotos-xfa1/v/t1.0-9/11737961_1010822145594699_3661434642646179523_n.jpg?oh=ea701d615c4724f1e942b3b8d27bc265&oe=56237482

Posted by cheoky > 2015-07-14 17:41 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4802813

Posted by SinGor > 2015-07-14 20:18 | Report Abuse

Expect uptrend to continue.

Posted by hng33 > 2015-07-14 21:04 | Report Abuse

7th extension of time, another 2 month, until 14 Sept.

Posted by jacklintan > 2015-07-14 21:35 | Report Abuse

a supplementary agreement. a 60 days extension from the master agreement. This kind of thing is considered agreement kah? wah lau man..!

Posted by sudahkena > 2015-07-14 22:28 | Report Abuse

Yes..look like no different ... but the main issue settle.. now need to focus splash..

Posted by SinGor > 2015-07-14 23:01 | Report Abuse

Both Puncak and Splash got to surrender their asset to PAAB to have their liabilities lifted &
takeover by PAAB as a package. So if Azmin didn't resolved Splash pricing Why he is chasing
Fed to sign the supplemental agreement. As far as i know, Azmin is negotiating with KPS &
SweetWater Boss for 6 months.(Puncak is already a done case)

Posted by SinGor > 2015-07-14 23:04 | Report Abuse

Even if you negotiated for 60 years, you cannot breached the gap between 250mil and 2 bil

Posted by cheoky > 2015-07-14 23:31 | Report Abuse

I think we just need to observe milestone being achieved in fulfilling CP (which is not disclosed to public) in master agreement cum supplemental agreement. I think one of CP should be transfer agreement (facility agreement) between PAAB and Air Selangor which shall inclusive water traffic new rate. Upon achieving above milestone, that is the day PNHB s&p unconditional. My take is azmin is thinking how to juggle between a traffic rise and an acceptable price to get splash. Will splash takeover affect puncak deal. I think not likely. In fact, better to complete puncak deal quickly. With puncak in state arm, can isolate n making splash left behind the moving bus...Deal term will be lesser in the name of selangor people well being. Things should move fast post raya. That is my own guess...

Posted by upsidedown119 > 2015-07-15 00:22 | Report Abuse

But Azmin need not takeover SPLASH. Takeover PUNCAK is a must because of pipe system owned by SYABAS to distribute water. The present pipes are leaking >30% water and need to be repaired/replaced! Anyway, once Azmin holds the distribution system, he will also hold all other independent water processors by the throat!

Posted by fortunebullz > 2015-07-15 00:26 | Report Abuse

Consider it done deal! Azmin will get some windfall too! Beside pkr won't last very long! Next election pkr will be gone case for good! Follow dap will get slaughter, follow pas even worst! Pkr will be remembered in history book post GE14!

Posted by Dylan1027 > 2015-07-15 09:13 | Report Abuse

The opening alr not good... Bored

Posted by iamnat > 2015-07-15 10:21 | Report Abuse

today is t+3 for last friday buying frenzy... so if today dont drop too much, it should be considered a good day...

Posted by arvin6 > 2015-07-15 12:06 | Report Abuse

Haha . . Insider start show dy .. They q to sell .. Actually is to buy cheaper .. For those who scare sure sell n run away . After few day after raya having announcement then they will regret to sell at lower price or cut loss .. Later they will use highest price to bought back the share .. Anyway wish everyone here selamat hari raya .. Enjoy the coming holiday . N wait the big ang pao from state n fed government ..

Posted by sudahkena > 2015-07-15 12:32 | Report Abuse

Holiday first... slamat hari raya..

Posted by hng33 > 2015-07-15 17:04 | Report Abuse

To our special friend, Azmin, selamat hari Raya Aidilfitri,

To Ongkili, selamant hari raya cuti

Posted by hng33 > 2015-07-15 17:42 | Report Abuse

PKR sec-gen says 'aye' to Harapan Baru

http://www.malaysiakini.com/news/305240

Remark: With PKR also join DAP to support former PAS member to form new party ' Harapan Baru' what will happen to PAS in Selangor? if some state assembly member jump from PAS into 'Harapan Baru', it will enable to form gov consist of DAP + PKR + Harapan Baru, a new Pakatan, kick out PAS from state gov !? After Raya, many drama is on the way.

Posted by jacklintan > 2015-07-15 19:40 | Report Abuse

I can only say, puncak to be continued.....
Before our face turned pucat, let's eat ketupat, satay and ren-dang with rakan-rakan Melayu and others.
Selamat hari Raya and Happy holiday everyone!
xx

Posted by cheoky > 2015-07-15 20:06 | Report Abuse

Selamat hari raya to rozali too. Angpau pls

Posted by Roger123 > 2015-07-15 21:52 | Report Abuse

Oracle said...........puncak

Posted by Roger123 > 2015-07-15 21:57 | Report Abuse

Selamat Hari Raya. Yooooooooooooooooooooooooooo

Posted by smartly > 2015-07-16 11:32 | Report Abuse

when selangor state gov yo-yo, puncak also yo-yo. :p

Posted by smartly > 2015-07-16 11:32 | Report Abuse

yo-yo play is the best.

Posted by ckk2266 > 2015-07-17 08:43 | Report Abuse

PETALING JAYA: The agree­ment to re­struc­ture the wa­ter ser­vices in­dus­try in Se­lan­gor has been ex­tended by two more months since the deal was first signed in Novem­ber last year.
But Pun­cak Ni­aga Hold­ings Bhd (PNHB) ex­ec­u­tive chair­man Tan Sri Rozali Is­mail (pic) has ex­pressed fears that the con­di­tions to firm up the deal be­tween the Se­lan­gor and fed­eral gov­ern­ments may take more than the two months that both par­ties have sought.
Rozali has ques­tioned why it re­quired two more months to ful­fil con­di­tions prece­dent (CP) that would mark the com­ple­tion of the wa­ter-re­struc­tur­ing ex­er­cise in Se­lan­gor.
He said the wa­ter sup­ply is­sue in the state was a mat­ter of ur­gency.
“The CP could be ful­filled in seven days if it is not com­pli­cated. I am sur­prised that it would take that long as all the main mat­ters such as land have been re­solved. I am wor­ried that it may drag fur­ther.
“Both gov­ern­ments should re­alise the ur­gency of the in­ad­e­quate wa­ter sup­ply for con­sumers and the econ­omy of the most in­dus­tri­ous ar­eas (Kuala Lumpur and Se­lan­gor) in the coun­try. I am con­cerned for the pub­lic and the longer we dwell on this mat­ter, the more it could ad­versely af­fect for­eign in­vestors’ per­cep­tion,” he told StarBiz.
Last Fri­day, the fed­eral and Se­lan­gor gov­ern­ments signed a sup­ple­men­tary agree­ment on the re­struc­tur­ing of the wa­ter ser­vices in­dus­try that cov­ers the sup­ply to the state, Kuala Lumpur and Pu­tra­jaya. In the sup­ple­men­tary agree­ment, both gov­ern­ments have 60 days to ful­fill the CPs in the mas­ter agree­ment that was first signed on Nov 11, 2014.
After the CP has been ful­filled,
the mas­ter agree­ment and sale and pur­chase of PNHB’s wa­ter as­sets by Pen­gu­ru­san Air Se­lan­gor Sdn Bhd for RM1.56bil would be en­forced.
The wa­ter as­sets un­der PNHB are Pun­cak Ni­aga (M) Sdn Bhd, which is a raw wa­ter treat­ment op­er­a­tor, and Syarikat Bekalan Air Se­lan­gor Sdn Bhd (Syabas) that holds the
rights to dis­trib­ute wa­ter in Se­lan­gor, Kuala Lumpur and Pu­tra­jaya.
Only then can the re­struc­tur­ing of the wa­ter sup­ply in­dus­try in Se­lan­gor, that ef­fec­tively is for the state to take back the wa­ter as­sets, be com­pleted. And at the same time, PNHB would re­alise the gains from the wa­ter as­sets and utilise the funds for its other ven­tures that in­clude its oil and gas busi­ness.
The mas­ter agree­ment was signed last year when Tan Sri Khalid Ibrahim was men­tri be­sar of Se­lan­gor. Now, Azmin Ali has taken over from Khalid. Both gov­ern­ments had some dis­agree­ments on land mat­ters, caus­ing it to be ex­tended sev­eral times. The fed­eral gov­ern­ment re­quires the nec­es­sary ap­provals for the land to build the Lan­gat 2 wa­ter treat­ment plant.
Last month, PNHB agreed to a sixth ex­ten­sion un­til July 13, 2015 to ful­fil the CPs in the agree­ment dated Nov 11, 2014.
“The raw wa­ter sup­ply and
treat­ment plants are now just enough to cater to cur­rent needs, with the wa­ter re­serve ca­pac­ity crit­i­cally low at 1%.
“A drought or pol­lu­tion to the rivers would re­sult in a ma­jor wa­ter dis­rup­tion since many of the treat­ment plants are al­ready op­er­at­ing be­yond their ca­pac­i­ties,” said Rozali.
Pun­cak Ni­aga cur­rently op­er­ates 29 wa­ter-treat­ment plants that sup­ply wa­ter to Syabas, which then dis­trib­utes the wa­ter.
Ideally, the wa­ter re­serve ca­pac­ity should be kept at around 20% at any time. The de­vel­op­ment of Lan­gat 2 will in­crease the wa­ter re­serve ca­pac­ity to the ideal 20% and would cater to the Klang Val­ley’s fu­ture de­mand for the next 30 years.

Posted by SinGor > 2015-07-17 18:20 | Report Abuse

Rozali is sandwiched between a rock and a hard place. Cannot blame him bcoz Selangor
water asset is given to him by Umno--don't have to go thru' current hassle.

Posted by hng33 > 2015-07-17 20:16 | Report Abuse

So near yet so far.......

Posted by sudahkena > 2015-07-17 20:48 | Report Abuse

Only 7 day can complete. .

Posted by SinGor > 2015-07-17 21:08 | Report Abuse

Yes- Things can suddenly move very fast. Why Muhyiddin suddenly appears in the scene??
Langat2 is suppose to be Najib & Ongkili pet project. I hope this weekend i can get some answer.

Posted by sudahkena > 2015-07-18 13:49 | Report Abuse

Singor.. hope u willing share the answer..

Posted by Roger123 > 2015-07-18 20:04 | Report Abuse

Hahaha. I will be back soon...

Posted by upsidedown119 > 2015-07-19 15:20 | Report Abuse

Puncak shares should fly tomorrow. It's all about implementing the agreement now. No more unnecessary negotiations. Rozali cannot back-track since the take-over of Puncak Niaga will be 'enforced'!