Posted by hng33 > 2016-08-19 15:43 | Report Abuse

A rare opptunity to accumulate more Puncak on weakness :D)

Posted by hng33 > 2016-08-19 15:45 | Report Abuse

hahahha, clown Roger 123

Posted by hng33 > 2016-08-19 15:53 | Report Abuse

Pity clown Roger123....still under denial state....Portfolio already lock profit and free up most of capital in gamuda-WE these morning to swap some to buy on weakness Puncak

Posted by hng33 > 2016-08-19 15:56 | Report Abuse

Roger123 <----- 'Back to future clown'

Posted by hng33 > 2016-08-19 16:08 | Report Abuse

hahaha, just too pity unable to grab at 1.17

Posted by hng33 > 2016-08-19 16:14 | Report Abuse

I q some ahead after sold gamuda-WE in the morning

Posted by hng33 > 2016-08-19 16:55 | Report Abuse

Pretend know something to bad mouthing, but in actual know nothing....that why, its call clown Roger123

Posted by hng33 > 2016-08-19 17:02 | Report Abuse

Portfolio now in about half in cash position after lock profit and free up all capital from Gamuda-WE.

Puncak upcoming result may post modest operating loss due to lack of core generating business, but its will re-instate again Puncak net cash hoard in balance sheet, and awaiting for fresh lead in new assets acquisition or award of water related contract/ concession.

Posted by kahhoeng > 2016-08-19 17:15 | Report Abuse

hng33, actually, I am more interested to know the operating cash flow situation of Puncak in coming quarter report. Profit and loss statement can be misguiding sometimes...

Posted by hng33 > 2016-08-19 17:19 | Report Abuse

Kahhoeng

Most of puncak cash hoard are now in the short term investment, likely in money market, therefore, it could have some income to cover company operatinh cost.

Posted by kahhoeng > 2016-08-19 17:58 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5180677

Disposed Ordinary shares 15 Aug 2016 200,000

Disposed Ordinary shares 16 Aug 2016 100,000

Posted by kahhoeng > 2016-08-19 18:04 | Report Abuse

hng33, I know, mostly, 900 over million kept in short-term investment, Though, there are still about 300 million not under this category. In the last quarter report, some of it is used to pare down payable, which is why the total cash in hand is lower. With this coming quarter, would the same happen again? If not, hopefully we will observe an increase in total cash in hand...

In addition, I was hoping before the end of this month, Puncak will provide details on the disposal of China water asset that will see an increase in net cash in hand post disposal

Posted by kahhoeng > 2016-08-19 22:12 | Report Abuse

Think there is a likelihood Puncak taking TRIPLC private...

http://www.theedgemarkets.com/my/article/triplc-scraps-sungai-buaya-land-disposal-worldwide-holdings

TRIplc scraps Sungai Buaya land disposal to Worldwide Holdings

Posted by r°Moi > 2016-08-22 08:07 | Report Abuse

Kahhoeng... followed "insider" Roger123.... went and bought TRIplc... at 2.20??

Posted by hng33 > 2016-08-22 09:46 | Report Abuse

Triplc price has come back down to more attractive level, time to accumulate on weakness for eventual take over by Puncak

Posted by jacklintan > 2016-08-22 09:51 | Report Abuse

If TRIPLC taken by Puncak, will Puncak price soar?

Posted by hng33 > 2016-08-22 09:57 | Report Abuse

Currently, Puncak lack of core profit generating business. As long as no overpaid, any acquisition with fair price and high return of equity will be accretive to Puncak.

Abort of land disposal to worldwide by triplc will further increase its value for acquirer, Puncak, as cash is no problem for Puncak, assets with valuable land in triplc may offer Puncak to develop property by itself in order to extract higher value.

Posted by jacklintan > 2016-08-22 10:04 | Report Abuse

TRIPLC price...jialat

Posted by jacklintan > 2016-08-22 10:05 | Report Abuse

KPS also jialat

Posted by Parkson > 2016-08-22 10:35 | Report Abuse

Loss QR again coming so Tabung Haji selling?

Quarterly rpt on consolidated results for the financial period ended 31 Mar 2016
PUNCAK NIAGA HOLDINGS BERHAD

Financial Year End 31 Dec 2016
Quarter 1 Qtr
Quarterly report for the financial period ended 31 Mar 2016
The figures have not been audited
Attachments
PNHB - 1Q 2016.pdf
340.3 kB


Default Currency Other Currency Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2016
INDIVIDUAL PERIOD CUMULATIVE PERIOD
CURRENT YEAR QUARTER PRECEDING YEAR
CORRESPONDING
QUARTER CURRENT YEAR TO DATE PRECEDING YEAR
CORRESPONDING
PERIOD
31 Mar 2016 31 Mar 2015 31 Mar 2016 31 Mar 2015

$$'000 $$'000 $$'000 $$'000
1 Revenue 13,200 63,474 13,200 63,474
2 Profit/(loss) before tax -45,177 -4,464 -45,177 -4,464
3 Profit/(loss) for the period -45,678 65,670 -45,678 65,670
4 Profit/(loss) attributable to ordinary equity holders of the parent -45,547 65,832 -45,547 65,832
5 Basic earnings/(loss) per share (Subunit) -10.14 15.97 -10.14 15.97
6 Proposed/Declared dividend per share (Subunit) 0.00 100.00 0.00 100.00


AS AT END OF CURRENT QUARTER AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$) 3.6700
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5108413
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5180677

Posted by kahhoeng > 2016-08-22 11:40 | Report Abuse

won't touch rozali's shares anymore, except for trading some Puncak until I make enough noise trying to make sure he won't get any deal unless Puncak is trading close to net cash...

Posted by kahhoeng > 2016-08-22 11:47 | Report Abuse

Parkson, please go through the details of Puncak's quarter reports... Most of so-called losses are tied to write-down in 'goodwill' and 'concessionary rights'. And most cash drain is due to early payment to suppliers.

if you are shareholders, you have to learn to voice out to NO deal... If you are tryin to scare some small shareholders into selling, please forget it, cause those would sell have sold... If you are nonsense trying to ridicule investors just because you are too free, probably you should get a new hobby... 己所不欲，勿施于人，别老干损人不利己的事。。。

Posted by hng33 > 2016-08-22 11:57 | Report Abuse

Puncak..........moving UPPPPPPPPPPPPPP

Posted by jacklintan > 2016-08-22 11:58 | Report Abuse

lai liao lai liao

Posted by r°Moi > 2016-08-22 12:04 | Report Abuse

HaHa like this....just because you are too free.... probably you should get a new hobby...

Parkson... sendiri half dead already... lagi posting rubbish sana sini

Posted by LilyLL > 2016-08-22 12:07 | Report Abuse

Drop again no power lah hope today closing 1.30 lah

Posted by hng33 > 2016-08-22 12:21 | Report Abuse

kahhoeng

Be clear mind, like many stock trade in stock market, fundamental back value (intrinsic value, be in cash value or assets/land value) SELDOM match with their market share price. Often, only selected big cap or blue chip share trade ahead of fundamental. You must follow market game and accept market reality.

Puncak is undervalue in turn of cash value, likewise, many stock also undervalue in turn of the assets/land/or potential re-value.

However, unlike those company with assets-rich which only can unlock value through selling, Puncak is cash-rich which have upperhand in turn of bargain power to acquire attractive assets. With cash in hand, what Puncak need to do is to acquire new profit generating business, namely construction, property development, concession, water related contract etc. Each acquisition as long at fair price and ROE, it will propel Puncak share price gradually.

Posted by jacklintan > 2016-08-22 12:30 | Report Abuse

hng33: The main reason you are so keen on Puncak is because it's a CASH RICH company? Right?

Posted by kahhoeng > 2016-08-22 13:15 | Report Abuse

hng33, I agree that market does not always agree with the 'fundamental value' of the company. However, to a cash rich company trading too far below its net cash, it is a BIG issue, which is why I believe Puncak should trade between 2.30 - 2.80 before any deal is announced for shareholders' approval...

Since Puncak is still holding on to land and buildings free of debt of at least another RM 350 million, about RM 0.70 per share, its hard to believe Puncak BOD can offer better deal to its shareholders by acquiring other assets but not share buy back... And, if system doesn't allow shareholders to stop any attempt that apparently bad for its shareholders, our regulation needs attention. If none of our regulators is aware and act on it, our regulators need attention. Err... probably not, given our great politicians, from BN to PR/PH, who have sunk to new LOW in integrity and virtue...

Posted by hng33 > 2016-08-22 14:07 | Report Abuse

Jacklintan, kahhoeng

Cash alone is not enough to propel share price to better reflect its fundamental, it is alike many other company owning vast land bank at far below market price or NTA compared to their respective market share price. Cash or land if cannot generate profit better than deposit are still consider underperform. Cash must use to buy business to generate profit, alike, vacant landbank must use to develop into property and sell to generate profit.

However, share price trade below cash holding or landbank assets is still worth of investing, still can tag as undervalue stock that offer great margin of safety. But, being a listed company, it need to generate recurrent profit and expectable future cash flow which is measure in turn of ROE, ROA, so that it can allowing market to peg valuation in turn of PE multiple to extimate achievable future market price.

Your Mindset need to change, Puncak currently lack of core buisness that can generate profit. it should be Puncak utilized cash to acquire profitable buiness that is cataylst to propel share price higher instead of share price trade higher before it can even acquire new assets.

In short, the better justifiable valuation of listed company is to owning business that can generate profit, instead of cash or holding landbank alone.

Posted by Roger123 > 2016-08-22 15:09 | Report Abuse

Hng: Wanna join the party?

Posted by Roger123 > 2016-08-22 15:10 | Report Abuse

Hahahahaha

Posted by hng33 > 2016-08-22 15:31 | Report Abuse

clown Roger123, play clown trick again....lolllll

Posted by Roger123 > 2016-08-22 15:34 | Report Abuse

Hahahaha... Then don lor. I am very busy today also

Posted by hng33 > 2016-08-22 15:36 | Report Abuse

Pity clown lor, just busy play trick only.

Posted by kahhoeng > 2016-08-22 16:25 | Report Abuse

hng33, assets that's equivalent to cash but not cash surely can't be valued to its full cash value, not to mention lands that need to be sold before it can be called cash... BUT, cash is cash, there's no conversion. If market doesn't value it, BODs should, and if BODs not, market regulators should, particularly when the company has no core business that's sitting in search for 'new' businesses!

You kept mixing the cash with land and other cash equivalent assets while kept emphasizing the market pricing mechanism based on ROE, ROA. You have failed to realize that you don't need ROA or ROE to value cash, because cash is present value. AND, ROA and ROE come with uncertainties that the ROA and ROE could be lower leading to the present value based on discounted cash flow to be MUCH lower...

Posted by jacklintan > 2016-08-22 16:57 | Report Abuse

kahheong: no matter how good a company with high cash like Puncak, is everyday no "business" by inflation, cash is inflated. Cash devalued and have no "profit"

Cash have to pay workers , utilities , debts and over head costs....

Oh, do money in the bank with interests, does it the interest consider "profit"? hahahha

Posted by jacklintan > 2016-08-22 16:58 | Report Abuse

I think this round have to agree with Roger123.

Don't buy Puncak lor...hahaha

Posted by hng33 > 2016-08-22 17:18 | Report Abuse

kahhoeng

too bad, you still failed to understand what is investment in stock market. Investment mean to use cash to buy business, stock market is place for investor to invest and measurable in ROE, PE, yield etc.

Company holding cash is only worth as cash value if Puncak opt to declare out as regular dividend to retail investor or company opt to relist or take private, case like HwangDBS, otherwise, retail investor cannot enjoy company cash holding.

1. Cash is present value, but is depreciating with time, it cannot revalue more than it present value. if company just deposit cash without acquire business to earn interest - company operating cost, then, its better keep own cash in deposit, at least interest can be enjoy own-self without need to pay director fees, staff salary etc. Therefore, for cash rich company without core business, TIME FACTOR is antagonist

2. land is assets, appreciate with time if at strategy location, can revalue into higher value over time. Therefore, many property stock despite holding undervalue landbank, share price just cannot reflect its fundamental due to TIME FACTOR is agonist. Stock will remain as undervalue until landbank can be develop and unleash value through selling

3. business is growing value if profitable and expandable, therefore, ROE and ROA can measurable and fair valuation can be peg into it in STOCK MARKET. Therefore, TIME FACTOR is REAL FACTOR to reflect current valuation

In the investment, It is you use own cash to buy stock in order for exposure to company profitable business, or buy stock for their undervalue landbank which is far below its market value and await for time to unleash it value, or buy company with cash-rich with intention to buy new profitable business. Therefore, Puncak, being cash rich to acquire new profitable business in triplc + its landbank is good sign as long as price offer is fair for Puncak to better reflect its value next

It cannot be, you use cash to buy stock solely due to it trade at price lower than company cash holding, and yet company own no core profitable business to grow. Unless, of course, company willing to continue declare cash as dividend to you consistently.

Posted by kahhoeng > 2016-08-22 17:25 | Report Abuse

jacklintan, how's one evaluate a business? Its the future 'estimated' cash flow discounted to present value given 'investment rate'. The estimated cash flow may or may not come in, the investment rate could be higher or lower... When you value cash, though, you can't apply that concept because its present...

Surely, you may say salaries need to be paid, etc., undeniable. Though, if a listed company can't even defend its net cash position for his shareholders, who's to believe the manager of the firm? If market regulators can't defend investors at this stage, how're they going to defend the market mechanism?

Again, some citing Chinese companies listed on Bursa, which also priced at deep discount to cash. Though, they failed to realize two things, (1) those money is in China audited by China auditors with a business environment much different than Malaysia's (2) those companies have existing businesses that require cash reserve to run its businesses. All the while, Puncak is NOT only net cash company, but its existing business requires none of this net cash for support.

Posted by hng33 > 2016-08-22 17:28 | Report Abuse

Kahhoeng

Since you seem very insist your view, just let it be. I will obstrain to comment anymore further on these thread.

Posted by kahhoeng > 2016-08-22 17:35 | Report Abuse

hng33, why? Just because we hold different viewpoint on the market functionality, it didn't forbid you from posting your perspective. Just because I insist on my view, it doesn't mean the market has to agree with me...

Posted by Roger123 > 2016-08-22 18:43 | Report Abuse

kahhoeng: One thing i am clear, u r too stubborn and stupid................

Posted by Roger123 > 2016-08-22 18:43 | Report Abuse

plz listen to our singkalan hng lar

Posted by hng33 > 2016-08-22 20:34 | Report Abuse

clown Roger123 never stop play trick here, also let it be for everyone entertainment....haizzzzz

Posted by hng33 > 2016-08-22 20:57 | Report Abuse

Kahhoeng

I respect u as long term and loyalty in these thread here, therefore, willing to explain lengthy with you, but, 我已使出洪荒之力了 and yet your very insistence prompted me to withheld anymore comment here. Anyhow, wish you all the best.......the end.

Posted by Roger123 > 2016-08-22 22:00 | Report Abuse

Hng: Hahahaha. Good job singkalan.....

Posted by kahhoeng > 2016-08-22 22:35 | Report Abuse

hng33, my understanding goes like this, you are trying to describe to me the right way is to treat the market as is from a trader's perspective...

Posted by r°Moi > 2016-08-23 07:59 | Report Abuse

.

HaHa


PUNCAK has become such a technical play... not TA.... a technical play


And.... it appears the market is discounting its cash pile with a "non investment" rate and the present is not now... the "present" ie the time when the cash will be available and really in its shareholders hands.. the minorities la... is like 10 20 years from now... if ever


Rightly or wrongly??


In the meantime... Kahhoeng is going crazy...


.

Posted by sell > 2016-08-23 14:50 | Report Abuse

QR not out? Must be big loss again.