Posted by hng33 > 2015-10-16 08:57 | Report Abuse

hahaha, yes, going for handsome gain

Posted by speakup > 2015-10-16 09:03 | Report Abuse

rm3 coming!

Posted by hng33 > 2015-10-16 09:04 | Report Abuse

Sold 2.95-2.97

Posted by hng33 > 2015-10-16 09:06 | Report Abuse

All done....realize all handsome contra profit

Posted by speakup > 2015-10-16 09:06 | Report Abuse

how to up? our sifu hng sell so much and tell everybody to sell?

Posted by speakup > 2015-10-16 09:07 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2015/10/15/Selangor-water-deal-completed-with-final-payment/?style=biz

Posted by speakup > 2015-10-16 09:09 | Report Abuse

puncak is like banana tree. before the banana ripe turn yellow, the monkey already eat the fruit when still green.

Posted by BuLLRam > 2015-10-16 09:10 | Report Abuse

Hng ..why not gunning for above 3.00??

Posted by cheoky > 2015-10-16 09:12 | Report Abuse

lol good description by speakup...

Posted by kahhoeng > 2015-10-16 09:12 | Report Abuse

rising so slow... thinking about leaving for coffee break and reading instead

Posted by speakup > 2015-10-16 09:14 | Report Abuse

XOX can fly from 6sen to 20sen in just 1 month. up 233% without any dividend.
puncak cannot fly, even with rm1 special dividend.

why?

Posted by cheoky > 2015-10-16 09:14 | Report Abuse

maybe hng capital tight to other stock...

Posted by speakup > 2015-10-16 09:18 | Report Abuse

XOX PE 55x. Can give 233% gain in 1 month.
Puncak PE 5x + RM1 special dividend....... cant fly?

BEYOND COMPREHENSION.

Posted by kahhoeng > 2015-10-16 09:19 | Report Abuse

hng33, you sold already? Very geng man, now you are God of Puncak!

Posted by hng33 > 2015-10-16 09:21 | Report Abuse

hahaha, i just want to realize handsome contra profit first on Puncak which is still under T+1 contra period.

Will buyback when time is getting closer for special dividend to be declared, range few day to few week for Rozali as CEO to set entitlement date

Its free and fair market, yesterday i did re-enter Puncak at 2.81-2.83, then today, i just sell to lock in contra profit at 2.95-2.97. Please exercise own discretion right on time to buy and time to sell.

Posted by sudahkena > 2015-10-16 09:25 | Report Abuse

I think no issue with lth.since takeover involve liabilities also.. now puncak cash rich.. can apply shariah again.

Posted by kahhoeng > 2015-10-16 09:28 | Report Abuse

speakup, XOX is a goreng stock. With a market cap of around 60 million now, how much do you it was before then? 25 millions? assuming a few largest shareholders have to hold on to show and maintain management control, that would be leaving less than 12 millions available in the market then. From 12 millions to 30 millions (after taking out the controlling stake,) some mid size players already can 'wa xi' already. Of course, not ruling about the possibility of a very bright future...

Posted by speakup > 2015-10-16 09:32 | Report Abuse

of course i know XOX is goreng by syndicate.
what i mean is even with good fundamentals + special dividend, nobody want to goreng puncak.

Posted by speakup > 2015-10-16 09:35 | Report Abuse

At 2.90, Puncak is giving a dividend yield of 34%! compare this to FD dividend only 3+%. Almost 10 fold more!

Posted by foreign_fund > 2015-10-16 09:37 | Report Abuse

You push up we sell. RM 1 dividend is 1 time only next year no more.

Posted by kahhoeng > 2015-10-16 09:38 | Report Abuse

speakup Don't you find it strange? The news is not even report by Edge Daily and Focus! How to you expect the news to catch retail investors' eyes? After declaring a completed deal worth 1.5553 billion and the share price is only up 3 cents, which is 1.05%, and can't even hold on to a previous 10 cents (less than 4%) so far today? I am not hng33, good at timing in and out at the right time. So, what I can do is to hold until the right price to exit, which is between 3.30 - 3.80, depending on the market situation then.

Posted by BenBlurBlur > 2015-10-16 09:38 | Report Abuse

All sifu d warrant wil not get any of d special dividend n wil not b adjusted for d special dividend so not good to buy d warrant now is it?? Thank u

Posted by speakup > 2015-10-16 09:39 | Report Abuse

When RCECAP declared special 12sen dividend, RCECAP shoot up from 33sen to 41sen! A 25% surge.
Puncak? Only up 1.05%. REALLY BEYOND COMPREHENSION!

Posted by sudahkena > 2015-10-16 09:41 | Report Abuse

Hopefully research house update TP above rm3.40

Posted by kahhoeng > 2015-10-16 09:42 | Report Abuse

roger, truth is, I am dismay by its price performance, barely reflect the reality of the stock. Though, at least, I don't have to worry about if a deal can be completed or not. Leaving only one issue left, how would Rozali spend the rest of 1.4-1.5 billion CASH after special dividend? If well spend, I believe Puncak could easily worth more than 4.

Posted by superspeculator > 2015-10-16 09:43 | Report Abuse

Yawn...

Posted by kahhoeng > 2015-10-16 09:44 | Report Abuse

It is highly possible that hng3 is gradually buying back now... Am I right, God?

Posted by speakup > 2015-10-16 09:45 | Report Abuse

like this, better sell puncak buy XOX.....

Posted by sudahkena > 2015-10-16 09:46 | Report Abuse

At 2.90.. it still cheap

Posted by sudahkena > 2015-10-16 09:47 | Report Abuse

Roger.. plz do extra job as mr santa

Posted by BenBlurBlur > 2015-10-16 09:48 | Report Abuse

Roger sifu d warrant wil not get any of d special dividend n wil not b adjusted for d special dividend so not good to buy d warrant now is it?? Thank u

Posted by speakup > 2015-10-16 09:49 | Report Abuse

cacat counter......wasting my time & capital on cacat counter.
looking to swap..........follow sifu hng.

Posted by BenBlurBlur > 2015-10-16 09:53 | Report Abuse

OIC must convert is it?? Thank u

Posted by sudahkena > 2015-10-16 09:54 | Report Abuse

I know rozali very greedy.... since I attended egm on jan ths year...he has big laugh

Posted by sudahkena > 2015-10-16 09:54 | Report Abuse

Still remember tht.. so plz rozali declare fast div

Posted by BenBlurBlur > 2015-10-16 09:55 | Report Abuse

Must convert very soon if out of money a lot not a good idea to buy warrant is it? Thank u

Posted by kahhoeng > 2015-10-16 10:03 | Report Abuse

Benblurblur, hopefully you are referring to Puncak-WB instead of call warrant. They are of different species. If you are buying Puncak-WB, making sure you are up to date of the announcements made by Puncak. Currently, nobody has any idea the fate of WB, past records suggested a lowered conversion price, but it is also possible that RM 1 is equally distributed to Puncak and WB owners, given that the special dividend itself is already equivalent to the conversion cost. All in, just make sure you read announcement everyday, like me, haha...

Posted by BenBlurBlur > 2015-10-16 10:05 | Report Abuse

Yes WB cannot get d special dividend but wil drop when d mother drop after d special dividend is it? Thank u

Posted by kahhoeng > 2015-10-16 10:13 | Report Abuse

benblurblur, current conversion cost of WB to Puncak is RM 1.00. Puncak will announce the fate of WB when it announces special dividend. It could be (1) WB will be entitled to special dividend of up to a maximum of RM 1 but maintaining the conversion cost of RM 1.00 (2) WB will not be entitled to special dividend, but conversion cost will be slashed to a minimum of RM 0.00. After special dividend, WB price will be roughly equal to or slightly higher than Puncak share price minus conversion cost

Best yet, ask you remisier or friends

Posted by BenBlurBlur > 2015-10-16 10:17 | Report Abuse

Dividend special dividend no adjustment to WB conversion price is it? Thank u

Posted by kahhoeng > 2015-10-16 10:22 | Report Abuse

benblurblur, no idea what you are talking about?!?

Posted by sudahkena > 2015-10-16 10:25 | Report Abuse

2.89..... haha.. get money also can push up

Posted by sudahkena > 2015-10-16 10:26 | Report Abuse

Really lth hate ths counter???

Posted by speakup > 2015-10-16 10:27 | Report Abuse

CACAT COUNTER!

Posted by speakup > 2015-10-16 10:29 | Report Abuse

XOX can up so much
WINTONI can up so much.
puncak with rm1 special dividend. cant move. better swap to XOX & WINTONI i think.

Posted by BenBlurBlur > 2015-10-16 10:31 | Report Abuse

Is it?? Thank u

Posted by speakup > 2015-10-16 10:33 | Report Abuse

AIRASIA can fly from 80sen low to RM1.50. up 88%!
puncak only up 16% from 2.50 low.

this is what is called CACAT COUNTER!

Posted by jacklintan > 2015-10-16 10:36 | Report Abuse

Puncak is a counter you need alot of patience.

Posted by speakup > 2015-10-16 10:38 | Report Abuse

RM1.6bn sale of water business completed
● Puncak announced that the sale and purchase agreement (SPA) to divest its two
water operations to Air Selangor has been completed, and, as per the targeted
completion date set by the Selangor government, Puncak has also received in full the
RM1.6bn cash consideration from the state government.
Exiting the water business in Selangor
● The completion of this landmark water restructuring deal, which had been delayed
numerous times since 2008, marks Puncak's exit from the water business. PNSB
(water treatment company) and Syabas (water distribution company) are now under
the Selangor state government via Air Selangor – the state-owned entity which will
eventually run the operations and maintenance (O&M) of treatment plants and
distribution network of the state. For the state, the next target is Gamuda's Splash.
Special dividend story comes to life
● With the sale of water assets out of the way, investors can now focus on the board
approved RM1/share special dividend. With the cash in hand, the coast is now clear
for Puncak to declare the dividend, which we believe is likely in Nov. We believe the
cash payout could be realised as early as Dec-15 or in 1Q16. The special dividend
translates to an attractive 35% yield.
Market cap still at a 23% discount to divestment value
● Puncak's market capitalisation of RM1.2bn is still 23% below the divestment value of
RM1.6bn. The huge discount has largely been due to the prolonged delays, valuation
issues and political risks in the water restructuring process. We believe the news of
the completion of the sale is a huge milestone, and we expect the discount to narrow.
Maintain Add
● We maintain our view that even if we consider the still-challenging outlook for
Puncak's oil & gas prospects post the water asset divestment, and the clarity of its
domestic tender book for water jobs, Puncak's risk-reward profile in the short term
remains attractive. EPS forecasts are retained for now. Maintain Add. This news and
the declaration of the much-awaited RM1/share special dividend are key catalysts.
Target price remains pegged to a 20% discount to our SOP.

Posted by speakup > 2015-10-16 10:40 | Report Abuse

Valuations for water assets (RM m) : 1,555.3
Basic no. of shares (m) : 416.0
Value/share (RM) : 3.74
Share price (RM) : 2.87
Upside (%) : 30%
Fully diluted no. of shares (m) : 532.5
Value/FD shares (RM) : 2.92
Upside (%) : 2%
Market cap (RM m) : 1,194.0
Discount to divestment value (%) : -23%
Potential special dividends (RM/share) : 1
Dividend yield : 35%
Puncak's fully-diluted (FD) target price (RM/share) : 3.40
Target price discount to FD SOP (RM/share) : 20%
Upside (%) : 18%