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

Ruuuuuunnnnnnnnnnnnnnnnnnnnnnn!!!!!!!!!!!!!!!!
RUN FOR YOUR LIVES!!!!!!!!!!!

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

http://www.theedgemarkets.com/my/article/puncak-niaga-rises-348-after-sale-water-assets

KUALA LUMPUR (Oct 16):Puncak Niaga Holdings Bhd ( Valuation: 2.10, Fundamental: 1.70) saw its share prices rose as much as 3.48% or 10 sen to RM2.97 in early trades after the company had received RM1.6 billion on the sale of water assets to Air Selangor, prompting investors to expect a special dividend of RM1 per share.

The water treatment facilities operator opened high at RM2.92 this morning, and surged to RM2.97 in buying interest. At 10.30 am, the counter erased some gains, and was up 2 sen or 0.7% to RM2.89, with trading volume of 1.1 million shares.

Puncak Niaga announced yesterday that it had received the balance purchase price of total RM1.6 billion from Pengurusan Air Selangor Sdn Bhd (PASSB). This marked a major milestone in the state’s water restructuring exercise following seven years of impasse.

Accordingly, Permodalan Negeri PNSB and Syabas now belong to the Selangor state government. Puncak is also expected to deliver the cash dividend of RM534mil (or RM1 per share) to shareholders by year-end.

Analysts have mixed calls on Puncak Niaga following the sale of water assets.

AmResearch maintained “hold” with fair value of RM2.80, noted that the company’s next move will be crucial in other to fill the earnings gap following the sale of its water concessionaire businesses

For the 6M period, the oil & gas division posted losses of RM20 million while the water construction arm made a profit of RM2mil.

“Puncak has earmarked the remaining of the proceeds (RM1 billion) for either oil & gas or palm oil plantation ventures. With the proceeds in hand, we expect the group to actively seek out new opportunities in the coming months,” said AmResearch.

Yet the research house highlighted that positively, Puncak will not be considered as a cash company pursuant to Practice Note 16 of the Main Market Listing Requirements.

Constrastly, CIMB maintained “buy” call with target price of RM3.40, as it saw the special dividend as the next catalyst for the stock.

“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., “ said CIMB, adding that the special dividend translates to an attractive 35% yield.

CIMB maintained its view that even if it considered the still-challenging outlook for Puncak's oil & gas prospects post the water asset divestment, and the clarity of the company’s domestic tender book for water jobs, Puncak's risk-reward profile in the short term remains attractive. Thus, the EPS forecasts are retained for now.

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

Ruuuuuunnnnnnnnnnnnnnnnnnnnnnn!!!!!!!!!!!!!!!!
RUN FOR YOUR LIVES!!!!!!!!!!!

Posted by Mikkel Low > 2015-10-16 10:53 | Report Abuse

Missed a chance to take profit while market opening!! sigh!

Posted by jolie2 > 2015-10-16 11:17 | Report Abuse

BUYYYYYYYYYYYY
DON;T TALK 3 TALK 4

Posted by r°Moi > 2015-10-16 11:55 | Report Abuse

i Thanks but no thanks to OLH... the golden age of special dividend is behind us??

OLH OSK have given special dividend a bad name

Posted by upsidedown119 > 2015-10-16 12:43 | Report Abuse

Why run? If the remaining RM1.05B is kept in fixed deposit, it will give a net profit of up to RM50 million per year. Could be even more! And likely also to get more Petronas O&G jobs! Also a front-runner for water-works related to Langat 2 and Selangor's NRW reduction works since it got the experience and the financial clout. Azmin had said 2 major projects will be announced end-of October 2015!

Posted by kahhoeng > 2015-10-16 13:42 | Report Abuse

Upsidedown, even after special dividend, Puncak should have a minimum of 1.2 billion (no conversion)and 1.4 billion (full conversion of sukuk & warrant). Funny thing is almost all just ignore that with the exception of cimb n probably kenanga (given their high target price)

Posted by ckk2266 > 2015-10-16 13:50 | Report Abuse

from today onwards the 1.55bil bank interest start flowing into Puncak account

Posted by jacklintan > 2015-10-16 14:11 | Report Abuse

A fool who didn't taste the grape will say the grape is sour.

Posted by upsidedown119 > 2015-10-16 14:55 | Report Abuse

kahhoeng. Also the 250 acres of land in Kuala Selangor which can be utilised for projects.

Posted by hng33 > 2015-10-16 15:20 | Report Abuse

kahhoeng

Not yet, still focus on oil and gas stock first (armanda, skept, and KNM), wish to continue rolling more FAST profit and capitalize on oil and gas stock and will re-enter Puncak later....few day to few week awaiting for special dividend to be declare.

Posted by kahhoeng > 2015-10-16 15:27 | Report Abuse

hng33, ok. you are always welcome back. Don't you find o&g kind of risky now, especially no certainty yet as to how Iran would respond after embargo lifted?

Posted by jacklintan > 2015-10-16 15:56 | Report Abuse

Hng33: you better explain your investment positions to your followers to prevent misunderstandings.

Posted by jacklintan > 2015-10-16 15:57 | Report Abuse

I would appreciate if u could eloborate Puncak stake given current standings

Posted by hng33 > 2015-10-16 16:32 | Report Abuse

Bought back Puncak at 2.83-2.85

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

....WHY DROP AGAIN?

Posted by r°Moi > 2015-10-16 16:38 | Report Abuse

Special dividend golden age is behind us liao

Posted by hng33 > 2015-10-16 16:43 | Report Abuse

Bought more at 2.85

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

Special dividend news also cannot push up the price? I think Tan Sri should announce their constructive business strategies after dividend to boost up the confidence of the investors. Otherwise, Puncak is just a counter without solid and promising future after dividend.

Tan Sri, please make use of 1 billion cash wisely!!!

Posted by kahhoeng > 2015-10-16 16:56 | Report Abuse

There's barely any hit before this run

Posted by Mikkel Low > 2015-10-16 17:00 | Report Abuse

Roger123: The mistakes you made is much more than correct!! lol

Posted by sudahkena > 2015-10-16 17:01 | Report Abuse

End with lower fr yesterday. .. everyone take profit

Posted by upsidedown119 > 2015-10-16 17:31 | Report Abuse

Exactly my frame of mind! Thank you hng33 for your advice!

Posted by hng33 > 2015-10-16 17:35 | Report Abuse

The stock market is place for trading, price up, down, is very dynamic. In stock market, everyone have freedom to buy and sell, to realize profit, rolling, buyback again etc.

The important is able to realize profit which is the only real profit, and its freedom at any point of time to buyback again and rolling again for next upcoming catalyst...special dividend + water related contract + oil and gas project contract etc

Nevertheless, aside fundamental, market momentum must also take into account....any stock listed in the market is mean for TRADING, buy and sell.....of course, some prefer to buy and hold.... until intrinsic value = share price, however, such buy and hold strategy need time, but time is precious for trader. More importantly, a winning stock can be trade many many time, accumulate and compounding many many time.

Posted by r°Moi > 2015-10-16 17:40 | Report Abuse

HaHa... when are you going to buy the back the mother again?

Posted by hng33 > 2015-10-16 17:44 | Report Abuse

upsidedown119

I know you are kind of buy and hold investor, fall in love and want to be forever own particular stock...opt to entitle dividend as passive income and willing to wait intrinsic = share price.....i respect your strategy...

....but don forget there is another strategy which is more close to reality.....trading....., especially minority shareholder...as these is the only FASTER way we can realize profit through buy and sell.

Posted by jacklintan > 2015-10-16 18:01 | Report Abuse

While I caught in the blastful jam in Jln Ampang, I have to say Roger123, your comments added to my dizziness! Pleaselah siao jeh, please look for trouble here in Puncak forum. So free meh?
Every mins of Hng33 comments, you just keep bombing him. Whatlah u!
Stand invested in Puncak. No way to think this stock is manipulated. Result already out mah.
I will keep adding despite prompted to sell yesterday.
Dun make love with Puncak. Make money, hun!

Posted by upsidedown119 > 2015-10-16 18:56 | Report Abuse

hng33. You are correct in your assessment of me. But my mindset is changing. It was conditioned by ..(I don't want to blame anyone but myself for this). I have always considered myself a trader but the strategy I've learnt from...is not suitable for my natural mind-set. I still instinctively did not take profit in Puncak (and Teoseng) today (although I have taken it yesterday and got back in again). But I am getting there. If I have followed your strategy last year, I would have run with the hare and hunt with the wolves in KSL. Thanks for your advice. May my God bless you even more!

Posted by kahhoeng > 2015-10-16 20:19 | Report Abuse

Moi, if warrant has more than 6 cents premium over mother, I will sell my warrant to buy mother.

Posted by jacklintan > 2015-10-16 22:35 | Report Abuse

upsidedown119: good one bro! You are humble and willing to learn. This trait will bring you very far, plus, with God's blessings some more...you can run a thousand miles.

To add on, certain stocks require resilience. Certain stocks, u may need to "hit the jackpot and run" like hng33.

Which is which, I dare not comment further as market are getting volatile.

Today, investment strategies loses its meanings.

Those were the days, working hard guaranteed you a good retirement.
In today's world, does it offer the same value?

I can only hope the good stocks does what it preaches on reports and news.

Puncak for me still on despite intended to sell at 2.90.

This round, I'm holding till 3.00. Fair enough?

Posted by upsidedown119 > 2015-10-16 22:53 | Report Abuse

jacklintan. Thank you for your compliments. Yeah, in turbulent times like now, hng33 strategy is the best. RM3 for Puncak is fair enough. Do learn to read charts if you have not done so already. I am trading by charts now and not just on fundamentals as I did with KSL. The wolves wrong footed-me then, but the charts always give their game away. Charts and hng33 strategy to me is a powerful combo.

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

to my favourite gal .... happy pooncak day ....

www.youtube.com/watch?v=DZqFK4dcl2Q

Posted by upsidedown119 > 2015-10-17 11:53 | Report Abuse

fzank. You are forthright. I was not sure whether to call jacklintan bro or sister since he/she address me as 'bro'. I used to call her/him 'leng looi' when she first posted that she is a leng looi and (hold your breath) available!

Posted by ckk2266 > 2015-10-17 14:49 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2015/10/17/Bumper-dividend-from-Puncak/?style=biz

Posted by kahhoeng > 2015-10-17 14:53 | Report Abuse

Guess with so many suggesting a satisfactory exit price of 3 for Puncak, I guess I will be among the last hoping to see 3.30 - 3.80 before considering a sale.

Posted by money888 > 2015-10-17 19:06 | Report Abuse

Kahhoeng. .you will be rewarded at the end. be patient.

Posted by kahhoeng > 2015-10-18 08:52 | Report Abuse

Roger, like your first out of three messages. Well said

Posted by cheoky > 2015-10-18 09:44 | Report Abuse

Poor Roger. Don't know why I like to poke fun at u. Apa tu code? If code is better, why are u still foruming here. Don't rationalizing wiith an excuse like insider, now Da Vinci code pula... US debt, only puncak get affected? Dividend is passed at company resolution, suka suka main masak like u.... U are really funny le or stupid. Maybe u r just as frustrated as I with poo cak cak, but don't smoke screen our brain la. Your own is enough la

Posted by jjchan > 2015-10-18 12:37 | Report Abuse

Next week buying will return. After all RM1.0 dividend is already approved--no need EGM again.
Rozali said before 1 week is enough for All Precedents So now 1 week is enough dividend date
and Ex-Date. After all Rozali is getting 150 miliions Cash too.

Posted by fairnreasonable > 2015-10-18 12:44 | Report Abuse

I started buying Puncak and its WB just 3 weeks ago, thanks to information shared in this I3 forum – particularly those researched numbers shared by kahhoeng and Hng. Of course I also did my homework separately on Puncak. Puncak was not on my radar screen before that. I am fortunate of not having the emotional baggage of enduring the drama of ups-and-downs of the water deal.

I am very positive on Puncak going forward – from the perspectives of a non-trader. I have quickly built up Puncak as one of my key counters constituting over 10% of my portfolio. Judging from the solid numbers, Puncak is still very much an undervalued stock, which will reward investors both in the short-term and long-term.

The immediate gain of at least RM1.00 special dividend is CERTAIN. It was already approved by an EGM in January 2015. Will Rozali give a special dividend as he promised? First, it is not up to him to decide as the decision was already made at EGM. Second, common sense means that he will expedite the distribution of the dividend because he stands to reap a whopping RM167.42mil from the 40.25% interest he has in the stock.

According to Puncak’s Q2 report, its NTA was RM5.28. After distribution of special dividend, NTA will still be above RM4.00, with the bulk in cash. I believe my investment cost of under RM2.00 (after taking special dividend) for NTA twice that of my investment cost (backup with cash more than my investment cost) is certainly a good deal. I think the over RM1bil cash will help Puncak to quickly establish new businesses or enhance existing O&G business. Cash is King at current generally difficult economic environment. As kahhoeng pointed out, the huge cash can generated substantial interest income if it is not deployed in the short-term. I am a positive thinker. I don’t think Rozali will dissipate the cash pile with continuing losses in the O&G business because he stands to be the biggest loser then.

I am surprised in detecting the expressions of loss of confidence by some who have invested in Puncak a long time ago. Some sold off their shares during the minor upswing in price recently even though they had held on to Puncak for months believing that the water deal would materialize. Now the deal was completed and cash received. Their immediate exit could be premature. Some lamented missing handsome 6D trading profits based on example executed by Hng during the recent price fluctuations. But honestly, how many of us can hope to gain from trading like Hng who is a professional trader and a guru in his field? I rather follow the fundamentals and have confidence in the numbers.

Posted by jolie2 > 2015-10-18 12:59 | Report Abuse

It is not the time to sell this stock since the special dividend is coming near. Those who sell at this time are really silly bcos now the fruits of waiting is ready for everyone to grab.

Posted by money888 > 2015-10-18 13:03 | Report Abuse

Next move is to get Puncak out from non-shariah compliance list first?

Posted by jjchan > 2015-10-18 13:09 | Report Abuse

That is easy (shariah). Take new projects and borrow from Islamic instruments

Posted by jjchan > 2015-10-18 13:13 | Report Abuse

Hng is just a frog. If we don't have his skill, just parked monies to REAL number like dividend.

Posted by sudahkena > 2015-10-18 13:35 | Report Abuse

Roger disappointed with the performance puncak?

Posted by jjchan > 2015-10-18 14:37 | Report Abuse

Big fish always buy quietly not like us (blind by money). Next week if big volume and buyers
always outside Q (big fish in )

Posted by jolie2 > 2015-10-18 14:49 | Report Abuse

Why worry about the future of puncak after sold his water asset ? Just look at ci holding.. They sold permanis to asahi and pay back good dividend... Shoot up 3.00 from 1.00 after bought in new business.... There is still good future for puncak

Posted by sudahkena > 2015-10-18 22:30 | Report Abuse

So roger... what is ur TP? And when???

Posted by sudahkena > 2015-10-18 22:30 | Report Abuse

I also put everthing in puncak n kps .