Best trust your own judgement and thinking. think in term of probability then evaluate the statement of others. Value of statement roger vs singor historically....
ec1705, may I know had I posted something that's inaccurate or my comment on Azmin inappropriate? If yes, kindly indicate which part that's inappropriate and I would appreciate it. And, please, I never expect Azmin to help me making money. I just hope that he is not making FALSE statement in public that's misleading!
Puncak share likely just trade sideways now, until end of the month, awaiting for deal completion. I've stop to accumulate more now, focus on other trading stock to keep accumulating profit first.
I think Puncak share price have found bottom floor already, but time still needed, about 2 week time to go for expected take over to materialize. Be patience, its about ripe time and just await to be rewarded :D)
wonder if there's any chance news about Selangor handing over 2 billion asset for collateral be out after closing today? Otherwise, how would Selangor state be able to take over Syabas and Puncak beginning Oct 1?!?
Kahheong didn't even say anything out of ordinary, just a regular info for everyone here. Clown keep asking him to shut up. But at the same time clown keep talking nonsense and making outlandish claims. Really confused clown.
roger, I posted the news assuming that not many subscribe to Edge Daily (actually its free, just sign up on Edge website.) And its a piece of information every concerned Puncak shareholders may want to know given US market selldown Friday.
Affin Hwang Investment Bank Bhd expects Puncak Niaga Holdings Bhd ( Valuation: 2.10, Fundamental: 1.70)'s earnings landscape to be challenging, due to weak outlook for its oil and gas (O&G) business.
In a note today, Affin Hwang's analyst Lim Tee Yang said it had cut its earnings per share (EPS) forecast for Puncak Niaga by 22% to 24% for financial years ending Dec 31, 2015 (FY15) to FY17. Affin Hwang said the downgrade took into account Puncak Niaga's weak O&G profit margin.
"Work order for its pipe laying barge has slowed down considerably, while rates are also under pressure," said Lim. To mitigate this, Lim said Puncak Niaga was rationalising its labour force to keep cost down.
The EPS forecast downgrade for Puncak Niaga by Affin Hwang, came with a lower target price of RM2.60 for Puncak Niaga shares. This compares with RM2.90 previously.
Affin Hwang also downgraded Puncak Niaga shares to "hold", from "buy". "The conclusion of (the) water deal between state and federal governments will finally pave the way for disposal of water assets," Lim said.
My average cost on Puncak is about RM 2.631....sold off today at average RM 2.582....realize NET (inclusive transaction cost) almost 6.5sen/share loss....almost 2.5% loss....but absolute figure is at 5D loss.
But, so long i can reap Maybank more than 2.5% Net gain back or sell Maybank above RM 8.65, it will be break-even already. Any surplus is a gain already
But. more importantly, i will buyback later Puncak since the deadline now is on 15 Oct according to Puncak.
hng33, I have an average cost of around 2.90 from 3.00 after recent purchases. Frankly, you are brave to cut loss at this moment, while I can only hope for a rally soon if a deal to be completed within 3 weeks time, best if within the next 10 days.
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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 > 2015-09-17 14:10 | Report Abuse
roger, when is the right timing?