TALIWORKS CORPORATION BHD

KLSE (MYR): TALIWRK (8524)

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Last Price

0.80

Today's Change

+0.005 (0.63%)

Day's Change

0.795 - 0.80

Trading Volume

273,400


3 people like this.

2,041 comment(s). Last comment by cokodokpisang 11 hours ago

Posted by tengkuleesal > 2015-11-23 09:46 | Report Abuse

anyone bot taliwrk warrant?

Posted by tengkuleesal > 2015-11-23 09:49 | Report Abuse

Tali mother moving...p.e 6.++ good fundamental...quite safe to invest...

Posted by tengkuleesal > 2015-11-23 10:11 | Report Abuse

lalala...chan mali chan hey hey....

Posted by ChasingDreamz > 2015-11-23 15:05 | Report Abuse

Hmmmm strong insticnt to get into this counter.

黎祥安

10 posts

Posted by 黎祥安 > 2015-11-25 18:42 | Report Abuse

Any ide when it will announce its quater results?

Snake

158 posts

Posted by Snake > 2015-11-26 11:03 | Report Abuse

TALIWRK & WB

kingcobra

2,772 posts

Posted by kingcobra > 2015-11-26 15:15 | Report Abuse

this forum soooooooo quiet....what's happening???

Posted by ChasingDreamz > 2015-11-26 17:34 | Report Abuse

I KNEW IT. gosh all bullt no more, i knew i shud hv bought when i lalu 1.4. No bullet left to buy. haizzzzzzzzzz

ChasingDreamz Hmmmm strong insticnt to get into this counter.
23/11/2015 15:05

Posted by ChasingDreamz > 2015-11-26 17:36 | Report Abuse

Too many counter i monitor. Oh well things work out there as well, just wish have more capital

Snake

158 posts

Posted by Snake > 2015-11-26 19:19 | Report Abuse

TALIWRK TP@RM2.00-2.20

kingcobra

2,772 posts

Posted by kingcobra > 2015-11-27 10:12 | Report Abuse

1 day show only

michaelwong

3,072 posts

Posted by michaelwong > 2015-11-27 16:15 | Report Abuse

Most stocks facing intense profit taking today.

黎祥安

10 posts

Posted by 黎祥安 > 2015-11-27 17:31 | Report Abuse

Ya, no one knows what going to happen during two day off?
Play safe...

Snake

158 posts

Posted by Snake > 2015-12-11 17:26 | Report Abuse

This 2nd Liner ....worthy to hold for 1year or more.

TMMC

348 posts

Posted by TMMC > 2015-12-11 18:39 | Report Abuse

Why snake ?

Posted by DreamDominator > 2015-12-11 18:41 | Report Abuse

slow

michaelwong

3,072 posts

Posted by michaelwong > 2015-12-11 19:49 | Report Abuse

If the price can maintained at 1.50 should be good .

黎祥安

10 posts

Posted by 黎祥安 > 2015-12-14 09:24 | Report Abuse

Taliworks to expand locally and regionally with EPF ties

PETALING JAYA: Taliworks Corp Bhd, an infrastructure outfit, that has a tie-up with the Employees Provident Fund (EPF) to acquire and operate concession-based assets has set it sights on a few more targets locally and abroad.

This is in line with the ambitions of the provident fund to grow concession assets with predictable cashflows and comes after the completion of its second joint venture with the EPF for a toll road concession in Klang Valley.

Armed with cash from its corporate exercises over the last two years, the company is now ready to do at least three mergers and acquisitions (M&A) that are in line with EPF’s investment strategy, according to a senior executive of Taliworks.

Taliworks executive director Ronnie Y.B. Lim said it would look for growth opportunities in areas where it has expertise in Malaysia and other developed countries.

The areas are waste management, toll operations and renewable energy in Malaysia and other developed markets and the countries it seeks to venture into are Singapore, Japan, South Korea, selected European countries and the US.

“We are looking at assets that give a minimum equity return of 12% with low gearing.

“As of now we have RM200mil cash at the holding company level, of which RM140mil came from the recent private placement exercise and the gain from the sale of 50% in Pinggiran Muhibbah Sdn Bhd,” he said. “The toll concession subsidiary also has a cash surplus of about RM120mil.”

Recently the EPF paid Taliworks RM66.5mil for a 50% stake in toll concession company Pinggiran Muhibbah which operates and maintains the New North Klang Straits Bypass Expressway.

EPF deputy chief executive officer (investment) Mohamad Nasir Ab Latif said the second investment that EPF had with Taliworks illustrated its effort to increase exposure in real assets with predictable cash flow.

EPF’s first venture with Taliworks involved taking a 49% stake in Cerah Sama Sdn Bhd which in turn is a holding company for Grand Saga Sdn Bhd, the concession holder of the 11.5km Cheras-Kajang Highway. The provident fund paid nearly RM69mil for the stake in a deal completed in August last year.

Taliworks views its expansion plan as an effort to be an internationally recognised brand name which owns concession-based assets.

Taliworks also recently completed a share split exercise and a free warrants issuance, with the aim to enhance the group’s trading liquidity and to attract more investors.

With all these developments, the company, with market capitalisation of RM1.8bil, was included in MSCI Global Small Cap Index on Nov 30.

Toll road concessions aside, Taliworks’ core business is the treatment and supply of water. Towards this end, it is the sole end-to-end operator in Langkawi as well as the operator of Sungai Selangor Phase 1 (SSP1) water treatment plant.

The plant belongs to Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash).

Splash is currently a water concessionaire and has been engaged in talks with the Selangor government for a takeover in line with the state’s objective to consolidate and restructure the water industry.

“The timeframe for the water restructuring to be completed will be in July 2016 and we are optimistic of a conclusion this time around. Post-acquisition, we will still be an operator of the SSP1 to the state government,” said Ronnie.

Pending the consolidation, the hikes in water tariff in the state have been put on hold, as a result of which water treatment companies such as Splash incurred huge receivables. Contractors for Splash such as Taliworks are also facing payment delays.

Taliworks has more than RM337mil due from Splash as at the end of its last financial year.

Nevertheless, Taliworks’ net profit of about RM41mil for the first nine months this year had already exceeded the full-year core operational net profit of RM30mil in 2014.

The company also has a dividend policy of 75% from its profit after tax. It has just announced its third interim dividend for this year.

michaelwong

3,072 posts

Posted by michaelwong > 2015-12-14 19:55 | Report Abuse

Thanks for sharing this article... bro!!!! Investors are still concerned and worry about the impact on the stock markets in the near term interest rate hike by the US very likely .

michaelwong

3,072 posts

Posted by michaelwong > 2015-12-16 15:12 | Report Abuse

Have to absorb many sellers hurdle b4 it could climbed higher.

Sha Mar

1 posts

Posted by Sha Mar > 2015-12-17 10:44 | Report Abuse

What happen with its warrant? No price updates & no transactions at all. Anyone has any idea why?

michaelwong

3,072 posts

Posted by michaelwong > 2015-12-22 17:39 | Report Abuse

Volume sudden decreases......no hope ......need to wait long b4 it could climbed back .

vzcb1t

86 posts

Posted by vzcb1t > 2016-01-07 17:09 | Report Abuse

why taliwrk drop so much today ? any bad news ?

michaelwong

3,072 posts

Posted by michaelwong > 2016-02-03 17:25 | Report Abuse

Suddenly up !

thesteward

6,782 posts

Posted by thesteward > 2016-02-03 18:14 | Report Abuse

hehe more to come....

thesteward

6,782 posts

Posted by thesteward > 2016-02-03 21:30 | Report Abuse

kikiki

891088

595 posts

Posted by 891088 > 2016-02-11 21:05 | Report Abuse

Buy buy..

michaelwong

3,072 posts

Posted by michaelwong > 2016-02-17 12:01 | Report Abuse

On the run up and never too late to buy . Well supported by institutional's buyer's .

Cheah5555

188 posts

Posted by Cheah5555 > 2016-02-22 15:50 | Report Abuse

Hi D7zul,u are right! It quite stable n seem got potential to get higher. Is it still ok to go in now ? Thks

Posted by darkmagician > 2016-02-22 16:37 | Report Abuse

what happen?? big player buying or dumping??

Cheah5555

188 posts

Posted by Cheah5555 > 2016-02-22 21:47 | Report Abuse

Thks for the advice. Good luck to u !

thesteward

6,782 posts

Posted by thesteward > 2016-02-25 21:33 | Report Abuse

kikiki ;-))

Posted by Mohd Fahmi Bin Jaes > 2016-02-25 21:36 | Report Abuse

net profit increase. good

Alpha Trader

1,983 posts

Posted by Alpha Trader > 2016-02-25 23:26 | Report Abuse

Crazy acquisition! buying 35% OF SWM, which has PROFIT OF RM180M , X35% = RM60M increase more in profits going forward!

thesteward

6,782 posts

Posted by thesteward > 2016-02-29 23:36 | Report Abuse

wish i put more into this counter than other unreliable ones

Posted by Terence Chin Yun Peng > 2016-03-01 15:16 | Report Abuse

Head N shoulder Chart Pattern !! Becareful !!

michaelwong

3,072 posts

Posted by michaelwong > 2016-03-01 16:45 | Report Abuse

Sudden dropped with net profit increased . What a heck ?

hein

926 posts

Posted by hein > 2016-03-01 23:26 | Report Abuse

interesting

Posted by ChasingDreamz > 2016-03-02 01:20 | Report Abuse

Net profit increased are from one off disposal in china(which wont recur in nxt quarte). And the priced-in potential of china expansion are written off from the share price. Thus it explained the fall in share price.

sklyte

2,621 posts

Posted by sklyte > 2016-03-02 06:52 | Report Abuse

Read carefully the company is acquiring a profit making co and dispose a loss making one

michaelwong

3,072 posts

Posted by michaelwong > 2016-03-02 17:40 | Report Abuse

Lousy stock going down the hills like no tomorrow . Up a bit all run like hell break loose . Too many sellers waiting to escape from prison if there's a chance .
Still a long way to go .

Posted by Alem Aryim > 2016-03-02 18:29 | Report Abuse

long2 way to go...just eat dividend...overall this profit making company...

alphajack

3,685 posts

Posted by alphajack > 2016-03-03 13:48 | Report Abuse

dispose china and add SWM is a very good decision for Taliworks.

Mid term you will make good money here, just hold and see

黎祥安

10 posts

Posted by 黎祥安 > 2016-03-10 12:42 | Report Abuse

When will the acquisition and disposal materialized?

黎祥安

10 posts

Posted by 黎祥安 > 2016-03-11 10:19 | Report Abuse

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS TALIWORKS CORPORATION BERHAD ("TCB" OR THE "COMPANY") (I) PROPOSED DISPOSALS OF TCB'S ENTIRE INVESTMENT IN THE PEOPLE'S REPUBLIC OF CHINA FOR AN AGGREGATE CASH CONSIDERATION OF UNITED STATES DOLLARS 54.6 MILLION (EQUIVALENT TO APPROXIMATELY RM230 MILLION) AND (II) PROPOSED ACQUISITION OF 35% OF THE ISSUED AND PAID-UP ORDINARY SHARES IN SWM ENVIRONMENT HOLDINGS SDN BHD FOR A CASH CONSIDERATION OF RM245 MILLION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

TALIWORKS CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description TALIWORKS CORPORATION BERHAD ("TCB" OR THE "COMPANY")

(I) PROPOSED DISPOSALS OF TCB'S ENTIRE INVESTMENT IN THE PEOPLE'S REPUBLIC OF CHINA FOR AN AGGREGATE CASH CONSIDERATION OF UNITED STATES DOLLARS 54.6 MILLION (EQUIVALENT TO APPROXIMATELY RM230 MILLION) AND
(II) PROPOSED ACQUISITION OF 35% OF THE ISSUED AND PAID-UP ORDINARY SHARES IN SWM ENVIRONMENT HOLDINGS SDN BHD FOR A CASH CONSIDERATION OF RM245 MILLION
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
We refer to the announcement dated 25 February 2016 in relation to the Proposals (“Initial Announcement”). Unless otherwise stated, words and phrases used in this announcement shall have the same meanings as defined in the Initial Announcement.

For the purpose of this announcement, the exchange rate of USD1.00:RM4.2120 is used, being the middle rate for USD to RM quoted by BNM as at 12.00 p.m. on 25 February 2016, being the date of the Initial Announcement.

On behalf of the Board of Directors of the Company, CIMB Investment Bank Berhad and Hong Leong Investment Bank Berhad wish to announce that the Company had on even date via exchanges of letters with (i) CGSB and EMSB (as vendors under the Proposed Acquisition); and (ii) LGB HK (as purchaser under the Proposed Disposals), mutually agreed to an extension of the payment date of the Acquisition Deposit and Disposals Deposit to 29 days (previously 14 days) from the date of execution of the Acquisition SSA and Disposals SSA, respectively.

Accordingly, the Company:

would pay the Acquisition Deposit of RM24.5 million to CGSB and EMSB; and
would receive the Disposals Deposit of USD5.46 million (equivalent to approximately RM23.0 million) from LGB HK,
on or before 25 March 2016.



This announcement is dated 10 March 2016.





Announcement Info
Company Name TALIWORKS CORPORATION BERHAD
Stock Name TALIWRK
Date Announced 10 Mar 2016
Category General Announcement for PLC
Reference Number GA1-10032016-00052

michaelwong

3,072 posts

Posted by michaelwong > 2016-03-11 15:16 | Report Abuse

What will the next course of action ? To buy or to sell .

BILLION_Q

235 posts

Posted by BILLION_Q > 2016-03-30 10:58 | Report Abuse

waiting for big fund to in only buy

kent1234

33 posts

Posted by kent1234 > 2016-04-15 08:43 | Report Abuse

Price stable at 1.28 - 1.32!!!! Signal of Buying later will shown, next target price at 1.50...

黎祥安

10 posts

Posted by 黎祥安 > 2016-04-18 16:41 | Report Abuse

Circular/Notice to Shareholders TALIWORKS CORPORATION BERHAD
SubjectCircular to Shareholders in relation to the Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature

Please refer attachment below.
Attachments
http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=174329&name=EA_DS_ATTACHMENTS

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