After Puncak get RM 1 billion(net of dividend) from their water asset disposal perhaps can buy Icon(their intention to enter O&G business after exiting water business).
We have taken the necessary steps and measures since the notification of the MACC investigation, such as assuring our customers and stakeholders that business is ongoing as usual and the group remains financially robust.
“It is safe to say that our contracts are still intact and we will strive to heighten our competitiveness in future tender participations,” Icon says in an email reply.
KUALA LUMPUR, July 1 (Reuters) - Fitch maintained Malaysia's long-term foreign currency issuer default rating (IDR) at A- and local currency at A, with outlook revised to stable from negative previously. Fitch said in a statement that Malaysia's fiscal finances have improved and views progress on the Goods and Services Tax (GST) and fuel subsidy reform as supportive of the fiscal finances.
Downside risk limited and quite safe to enter now. Cheaper than many O&G counters eg Alam, KNM, Barakah, etc. Owned by Ekuinas, a government body so easier to get contract from Petronas.
NEXT TIME I DON'T WANT TO PREDICT ANYMORE. EVERY TIME KENA-ONE. LAST TIME I PREDICT 40 CENT, NOW VERY CLOSE ALREADY. SORRY RICH, MY PREDICTION IS CORRECT
my previous post below show how i simply calculate tp of 40 cents. i'm not UM graduate also can calculate cun-cun one. Don't know why-ah ? HaHaHa.............
Posted by jolie2 > Apr 23, 2015 09:46 PM | Report Abuse X
Ekuinas bought Omni for RM220.9mil and Tanjung Offshore’s marine vessel arm for RM220mil cash. Total together ekuinas investment is RM 440 mil
total icon share 1.2 billion. means the investment value is only 37 cents/ share. They listed for RM 1.85 / share .... 5 times ekuinas investment.
JL stand for join lying. Why she never mention IPO money? Someone eating away IPO money?
Excerpt from 2014 Annual Report. iii) Issuance of additional 221,745,000 ordinary shares of RM0.50 each for total consideration of RM410,228,250 via IPO in Bursa Malaysia Securities Berhad at an issue price of RM1.85 per share on 25 June 2014.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Jin Yuan
22 posts
Posted by Jin Yuan > 2015-06-16 21:57 | Report Abuse
Finally can see green...