Just Bear Market and Janet Yellen. By next week Puncak will receive a S&P from Air Selangor and Title of assets will be transfer to PAAB at the same time. So by 3th or 4th week only money will be transfer to Air Selangor. Thereafter it is show time.
KUALA LUMPUR: SHARES of water-related companies involved in the Selangor water deal spurted yesterday on news that the companies are finally coming to a conclusion with the signing of an agreement between the related parties today.
The parties are Syarikat Bekalan Air Selangor Sdn Bhd (Syabas), Puncak Niaga Sdn Bhd (PNSB), Konsortium Abbas Sdn Bhd and Syarikat Pengeluar Air Selangor Sdn Bhd (Splash).
Puncak Niaga Holdings Bhd's shares on Bursa Malaysia closed 18 sen higher to settle at RM2.70 with 1.9 million shares traded.
Kumpulan Perangsang Selangor Bhd, meanwhile, gained 14 sen, or 11.86 per cent, to RM1.32 a share with a total of 2.2 million shares traded.
However, Gamuda Bhd's shares slipped 15 sen to close at RM4.36 after hitting intra-high of RM4.50.
Kenanga Investment Bank Bhd said as the Selangor water assets contribute to almost all of Puncak Niaga's earnings, there will be a huge earnings vacuum for the group.
"The group has yet to identify any future investment to fill the earnings gap," it said in its note.
The research firm has set a target price of RM3.99 for Puncak Niaga with "outperform" call on the stock.
Puncak Niaga has a 100 per cent and 70 per cent ownership of PNSB and Syabas, respectively.
Kumpulan Perangsang owns 100 per cent stake in Konsortium Abbas and 30 per cent interest in Splash, while Gamuda has a 40 per cent stake in Splash.
According to the Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili, the deal would be inked in Shah Alam.
It will see four agreements - the facilities agreement, lease agreement, rights of use agreement and settlement agreement, under the state's water services industry restructuring sealed between Pengurusan Aset Air Bhd and Pengurusan Air Selangor Sdn Bhd.
The agreements are condition precedents to effect the master agreement for the restructuring, Ongkili said.
He said with the sealing of the agreements and handing over of the licences, the condition precedents would be fulfilled and that means the master agreement would take effect from tomorrow.
Syndicate will loss money in bear market. Only big fish is around so only short burst. But if Janet Yellen is Not raising Rate--it could be a big spark
Despite selling which is normal in stock market as share price up and down everyday, but nothing is worry about, just wait for Puncak official announcement on the deal status by 14 Sept to see whether the last condition precedent which is bank in RM 1.55 cash is fulfill :D)
hahaha, its just too familiar with these Roger clown trick already, repeating again and again. Hypotheses, fake + true = half baked and mislead information.
hahaha, you ask why Puncak fall today? then, can ask back why Puncak gap up on Monday ? clown trick lar, share price up and down, sell on news, profit taking, EPF selling etc.
Bear in mind, Puncak have yet to make any offical announcement yet in bursa, as it still wait for Air Selangor to settle the cash RM 1.55 billion,. then only the take over is complete.
hahaha, your clown team also set new target price RM 2.30 last few week ago and your clown team also keep on spread rumor that the deal is delay until Dec, lol, can explain why? clown Roger and clown team member
hahaha, clown Roger, so far, my record show 100% profit in Puncak investment, sometime slim, sometime handsome, but how about you? your pump up and dump low strategy work just well for you, lol
Puncak management must be analysing us in return too. It's called Market Reaction/Sentiment Towards Takeover. Dun play play. Please keep your humble thoughts for now. Thank you.
frankly, I have decided to wait til the end of this month for puncak announcement before deciding anything. plus, really nothing much can be done already
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....
money888
430 posts
Posted by money888 > 2015-09-10 15:54 | Report Abuse
Roger123, then why yesterday you say next week will have big player join the game??