Posted by anthonykok > 2014-08-02 00:09 | Report Abuse

http://news.sinchew.com.my/node/379227
中央與雪州政府簽水供重組協議
2014-08-01 19:10
（布城1日訊）面對公正黨欲撤換大臣壓力的雪州大臣丹斯里卡立今日與中央政府簽署水供重組計劃協議，以長期解決雪州的水供課題。
能源、綠色工藝與水務部長拿督斯里麥西慕代表中央政府簽署這項協議，雪州大臣丹斯里卡立則在代表雪州政府簽署；出席見證者包括雪州行政議員鄧章欽。
麥西慕說，今日簽署的這項協議，是繼雙方於2月26日簽署有關冷岳第二輸水計劃（Langat2）瞭解備忘錄的後續行動，這項合作證明人民利益比政治利益更加重要。
“瞭解備忘錄的大部份內容已列入今日簽署的協議，而數個重要事項已開始落實。”
他說，雪州政府旗下的達魯依山公司集團（KDEB），已經向4家涉及的特許經營公司股東提出獻議，分別是Konsortium Abbas、雪州水供公司（Syabas）、商業高峰（Puncak Niaga）和雪河公司（SPLASH）。
（星洲網）

Posted by stteck > 2014-08-03 11:14 | Report Abuse

On the stocks front, Wong said that investors were still keeping an eye on opportunities in Malaysia and were keen on CIMB Research’s Salcon Bhd and Bonia Corp Bhd stock ideas.Salcon is exciting to investors because its fibre optic business holds strong promise if executed well. 

http://www.thestar.com.my/Business/Business-News/2014/07/31/Bullish-on-Malaysia-Foreign-investors-getting-more-positive-on-local-bourse/

Posted by stteck > 2014-08-04 16:26 | Report Abuse

Value stuck at ,905? any indication for that? Wait for finalisation of Disposal OR S'gor new government?

Posted by stteck > 2014-08-04 16:46 | Report Abuse

Water Sector - Fed and state sign HoA

Author: kiasutrader | Publish date: Mon, 4 Aug 09:55

- Federal and state governments sign HoA: Last Friday, the Federal and state governments signed the Heads of Agreement (HoA) to finalise the restructuring exercise in Selangor. The HoA is an extension of the Memorandum of Understanding (MoU) that was signed in Feb between the two parties. The state was represented by Mentri Besar Tan Sri Khalid Ibrahim while the Federal government was represented by Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili.

- HoA covers Langat 2, water restructuring exercise and mitigation projects: The HoA covers both the proposed RM9.65bil takeover of assets belonging to the four water concessionaires in the state as well as the implementation of the Langat 2 water treatment plant (WTP) and its distribution system.

- Key points on the water restructuring exercise:

(i) Transfer of RM2bil worth of assets to PAAB: The state will transfer RM2bil worth of assets not linked to the four concessionaires to Pengurusan Aset Air Bhd (PAAB). The proceeds from this will then be used to acquire the equities of the water assets;

(ii) Consolidation under an SPV: The water operators will be consolidated under a special purpose vehicle (SPV) which will be wholly-owned by the Selangor government and licensed under the Water Services Industry Act 2006 (WASIA); and

(iii) Operating via an asset light model: The SPV will operate via an asset light model by transferring the liabilities and water assets related to the liabilities to PAAB. The SPV will then lease the water assets from PAAB.

- Key points on the Langat 2 project:

(i) Commitment to complete Langat 2 by mid-2017: The agreement outlines the commitment by two parties to ensure the completion of Langat 2 by mid-2017;

(ii) State to issue all approvals: In regards to this, the state is committed to issue all approvals, including those related to land, planning permission, permits and way leaves for electricity transmission lines, needed for the implementation of the project; and

(iii) A special implementation committee and two working committees established: To implement Langat 2, a special implementation committee co-chaired by the Mentri Besar and the Energy, Green Technology and Water Minister was established. In addition, two working committees (including one chaired by the Selangor State Secretary) were established to resolve matters relating to the implementation of the project.

- No water tariff hike for the next three to four years: Following the signing of the HoA, Khalid said that there will be no water tariff hike in the Klang Valley for the next three to four years.

- SPLASH left to accept offer: Recall that K.Abass, Puncak Niaga Sdn Bhd and SYABAS have agreed to their respective offers in the restructuring exercise. SPLASH is the only concessionaire left to accept the offer. Gamuda Bhd, which owns a 40% stake in SPLASH, had noted that the RM250.6mil offer was less than 10% of SPLASH’s NAV of RM2.54bil.

- Fed to ensure negotiations continue: Nevertheless, the Federal government noted that it is committed to ensure negotiations continue between the state and SPLASH to ensure an ultimate closure for the water saga. We understand that a revision in bulk water supply rates could result in SPLASH’s acceptance to an offer.

- Maintain NEUTRAL: We are not surprised with the signing of the HoA as it would mitigate any uncertainties following calls for Datuk Seri Dr Wan Azizah Wan Ismail to take over as Mentri Besar of the state. There are talks that the terms of the water consolidation exercise could be revised if Wan replaces Khalid as the chief executive. Meanwhile, Puncak Niaga Holdings Bhd is expected to sign a definitive agreement on the water restructuring exercise within the next two months. Maintain NEUTRAL.

Source: AmeSecurities

Posted by stteck > 2014-08-05 10:23 | Report Abuse

The Selangor government is sticking to its collective RM7.65bn takeover offer as the state's water impasse edges a step closer to closure. The federal and Selangor governments signed a heads of agreement (HoA) on the restructuring of the state's water supply and distribution industry on Friday. Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili represented the federal government, while Menteri Besar Tan Sri Khalid Ibrahim signed on behalf of Selangor. Khalid said the collective RM7.65bn offer to the state's four water concessionaires remain unchanged, adding that the federal government is due to invoke Section 114 of the Water Services Industry Act 2006 (Wasia). Once invoked, it will reduce the takeover cost of the four companies by RM2bn from the initial offer of RM9.65bn.

The move will allow Selangor to pay only RM7.65bn to Puncak Niaga Holdings Bhd, Syarikat Bekalan Air Selangor Sdn Bhd (Syabas), Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash) and Konsortium ABASS Sdn Bhd. Of the four, Splash remains the only one that has yet to strike a deal with both the federal and Selangor governments. (BT)



The signing of the Heads of Agreement on the restructuring of Selangor water industry cannot be annulled by a change of the Selangor menteri besar, said Universiti Utara Malaysia Law, Government and International Studies College dean, Associate Professor Dr Ahmad Martadha Mohamed. "If the new menteri besar wants to annul the agreement, there will be legal implications as it is a valid agreement. The agreement is bound to have terms on withdrawal by any party, including compensation and other possible penalties," he said. (NST)

Posted by chineooi > 2014-08-06 14:51 | Report Abuse

08-Aug-2014 is salcon dividend pay day (2 more days)

Posted by Tham Hoe Yean > 2014-08-06 15:45 | Report Abuse

will drop further? but second dividend will declare soon right?

Posted by chineooi > 2014-08-06 16:30 | Report Abuse

Tham. The price already adjusted on the ex-date (21/07/2014). Therefore, there will not be any adjustment. Sorry. I have no idea on the 2nd dividend. Where do you hear about it? Pls enlighten me..

Posted by stteck > 2014-08-06 19:26 | Report Abuse

　（吉隆坡5日訊）消息透露，喬治肯特（GKENT，3204，主要板貿易）是入圍馬石油邊佳蘭綜合中心（PIC）總值3億令吉水管興建計劃的公司之一；該股似聞風走高，今日一度高漲17仙至2.33令吉。

　利好推動下，喬治肯特今日頻頻走高，開盤先揚1仙至2.17令吉，隨后持續走高，一度漲至2.32令吉。休市掛2.32令吉，漲16仙，半日成交量384萬2000股。

　午盤間，該股一度高漲17仙至2.33令吉。閉市時，該股報2.30令吉，漲14仙，成交量521萬9100股。

　根據《The Edge財經日報》報導，消息指出，入圍上述計劃的共有4家公司，除了喬治肯特與實康（SALCON，8567，主要板貿易）組成的聯營公司，其他入圍的還包括商業高峰（PUNCAK，6807，主要板基建）、和合建築（HOHUP，5169，主要板建築）與羅集團（Loh&Loh）。

　報導指出，該計劃內容主要是為邊佳蘭綜合中心的污水處理廠提供工程、採購、建築及委外（EPCC）服務。整項總值高達890億令吉的邊佳蘭綜合中心計劃位于柔佛南部，預計會將建築和工程計劃分成多個部分，頒發給本地或外國公司。

　 喬治肯特主席丹斯里陳溪福早前在股東大會上宣布，公司可能會重新進軍油氣領域。

　雖然喬治肯特因利好推動走高，但其他入圍公司股價卻無太大波動。

　閉市時，商業高峰平盤報3.40令吉；和合建築起1仙至1.34令吉；實康平盤起0.5仙至91仙

Posted by stteck > 2014-08-07 12:14 | Report Abuse

am I right is the JV nature should be always a equal stake partnership formation?

Posted by Taka > 2014-08-08 12:51 | Report Abuse

Received dividend 3sen today. Thank you Salcon. Please rise again.

Posted by chineooi > 2014-08-08 13:07 | Report Abuse

stteck. Nope. For Langat2, Salcon has the major portion

Posted by stteck > 2014-08-08 14:07 | Report Abuse

Thanks chineooi, do you know how much stake does Salcon owns in JV with Gkent?

Posted by spaghetti932 > 2014-08-08 16:13 | Report Abuse

so .... the price will continue to drop after the payday?

Posted by wahaha > 2014-08-09 00:25 | Report Abuse

Some positive signs coming in! Purchased price at ~0.9

US stock market is rebounding currently.... congrats to those who bought today.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1705841
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1705837

Posted by Wow123 > 2014-08-09 07:57 | Report Abuse

They bought 06082014 whether already sell or not ?

Posted by anthonykok > 2014-08-09 11:07 | Report Abuse

The announcement is 06/08, need to see 08/08 only will know. anywhere I should be a good news coming

Posted by jcwbjcwb > 2014-08-12 09:51 | Report Abuse

Institution investors are accumulating! Confidence boaster!!

Posted by sephiroth > 2014-08-12 10:28 | Report Abuse

break 90 liau

Posted by cschen > 2014-08-12 10:34 | Report Abuse

Yes! Heading to 0.95 now. Go! Go! Go!

Posted by stteck > 2014-08-12 23:22 | Report Abuse

Both OCBC and GE bought in mil shares again

Posted by spaghetti932 > 2014-08-14 16:07 | Report Abuse

the price still sleeping ....

Posted by amunia > 2014-08-16 10:19 | Report Abuse

the final disposal of china asset should be end of this month.. n next week the price surely will shoot up :)

then short term TP should be?

Posted by stteck > 2014-08-16 17:11 | Report Abuse

my feel tells me the price may yo-yo around 90 cents until selangor MB case is finalised...

Posted by chean1984 > 2014-08-18 11:26 | Report Abuse

0.865 now. :(

Posted by anthonykok > 2014-08-18 11:32 | Report Abuse

whats happen?

Posted by Taka > 2014-08-18 11:46 | Report Abuse

Have to check whether OCBC and Great Eastern collecting more today.

Posted by sjou > 2014-08-18 17:39 | Report Abuse

2 week ago OCBC buy at this lever.

Posted by kenghock > 2014-08-19 01:22 | Report Abuse

Better start collecting now. This share will break $1.00 next week.

Posted by kenghock > 2014-08-19 01:23 | Report Abuse

I am buying another 20 lots 2moro. Total now have 80 lots

Posted by sheep > 2014-08-19 01:48 | Report Abuse

you buy you die. ..wakaka..selangor new MB might create havoc

Posted by asriruslan > 2014-08-19 09:42 | Report Abuse

time to buy cheap sale ma

Posted by asriruslan > 2014-08-19 09:52 | Report Abuse

Technically, it is not looking good for SALCON as its 20-Day Moving Average is sloping downward and its price action is below the Moving Average line. The support and resistance level of SALCON are 0.86 and 0.925 respectively. The indicator analysis on RSI is not exhibiting any extreme condition. Watch out for the 30% and 70% levels which indicate any oversold and overbought condition respectively.

Posted by asriruslan > 2014-08-19 09:52 | Report Abuse

buy on weak sell on strength

Posted by khojithwa > 2014-08-19 10:49 | Report Abuse

When will rebound?

Posted by asriruslan > 2014-08-19 10:51 | Report Abuse

let see break or not resistant>

Posted by asriruslan > 2014-08-19 10:53 | Report Abuse

come on seller

Posted by asriruslan > 2014-08-19 11:15 | Report Abuse

wake up seller time to sell

Posted by asriruslan > 2014-08-19 11:28 | Report Abuse

yes break 0.86 faster>hahahaha

Posted by summer_day > 2014-08-19 12:58 | Report Abuse

so resistance is 0.86? Will rebound only if it didn't break resistance?

Posted by Samurai > 2014-08-19 13:20 | Report Abuse

If you have the spare cash with an investment horizon of 6 months to a year, I would opine that your investment in Salcon will be rewarding. Low gearing, high cash position, well managed company with purposeful diversification into properties and fibre optics. Good luck to investors. Trust your own instinct.

Posted by henrytham77 > 2014-08-19 15:30 | Report Abuse

show time...gogogo

Posted by sephiroth > 2014-08-19 15:33 | Report Abuse

so fast meh? morning baru tambah 86

Posted by asriruslan > 2014-08-19 16:57 | Report Abuse

good work salcon smile

Posted by khojithwa > 2014-08-19 17:11 | Report Abuse

What is the tp?

Posted by tham hoe yean > 2014-08-19 20:06 | Report Abuse

collected some at 0.87. If tomorrow drop again will collect more :)

Posted by dotdotdot > 2014-08-19 20:11 | Report Abuse

:D

Posted by OptimusX > 2014-08-19 20:14 | Report Abuse

selalu con. shortform salcon.

Posted by stteck > 2014-08-19 20:28 | Report Abuse

Need patient...at least until month end

Posted by tham hoe yean > 2014-08-19 20:52 | Report Abuse

when special dividend will be declare?