PUNCAK NIAGA HOLDINGS BHD
KLSE (MYR): PUNCAK (6807)
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0.24
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24 people like this. Showing 50 of 24,496 comments
Original cost of investment for the 3 pieces of land way back in 2007 was around 90 mil. The lost reported is against 2022 valuation as these properties are under Investment Properties and are thus revalued yearly
2023-09-10 12:17
After they sold their water biz, all the proceeds received siphoned out by TS Rozali
2023-09-10 12:34
Not a fan of Puncak but to say all funds were siphoned out is an overstatenent
2023-09-10 12:39
Loss mainly comes from plantation given huge track of land is still unplanted but the 47k hectare land (90% owned by Puncak) was purchased at 470mil which is a good buy
2023-09-10 12:43
It will continue to bleed Puncak for years to come unless it monetised the planted asset, which is worth a lot more
2023-09-10 12:45
=MARKET BUZZ: Malaysia's Puncak Niaga Surges 16%, Closes In On Two-Year High
KUALA LUMPUR (Sep 25) -- Malaysia's Puncak Niaga Holdings surges as much as 16% to MYR0.43, its highest since October 2021, adding to Friday's 8.8% gain. Traders are "very bullish" judging from technical indicators and surge in trading volume, says technical analyst with local brokerage. Notes, Puncak's "gap up" took out out two resistance levels and has since breached more resistance levels with all major moving averages now "turning into support levels." Says, "you should watch for MYR0.435, which is not very far away from where we are right now... if that's breached, then the next resistance is MYR0.465," which is September 2021 high. Adds, RSI and other momentum indicators are in positive territory, but "they haven't gone into overbought territory, so there is still some upside to go." Shares now at MYR0.41. Volume at 23.8 million shares.
2023-09-25 16:45
Each has voluntarily withdrawn the legal suit against each other
Stuck a deal
Consideration to withdraw the suit, lots of projects will be forthcoming (see the price movement, insiders know)
Puncak is a significant player in its field. Puncak's expertise is needed to improve the nation's water infrastructures
2023-09-25 17:56
https://malaysia.news.yahoo.com/klang-valley-taps-run-dry-230000956.html
last time when govt takeover Puncak water biz, they say is to solve issue of water disruptions. but today still the same, no water! rakyat dah kena tipu!
still believe PH? still believe PMX?
2023-10-12 07:47
HLIB says it is embarrassing to push to promote to investors a "dead" company with its share price so low
Need to do something
2023-10-13 15:53
yes puncak only do engineering construction work on water projects. tu saja
2023-11-09 07:46
Boleh kah puncak buat rectracement kt harga support 0.365 utk fly balik?
2023-11-22 17:08
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3424621
how come 4️⃣Q2️⃣3️⃣ reported huge LOST so much ❓No wonder price stagnant so long.....
2024-02-29 21:28
Puncak compensated owners for repairs works of houses affected by their previous project. Thumbs up!
2024-08-14 04:01
puncak this share may fly soon with more land sell to improve current asset + lower down current liability
1 month ago
Is this good news or bad news?
Reference is made to our earlier announcement dated 22 April 2024 in relation to the above matter.
Puncak wishes to inform the Exchange that the Company had on even date received a letter dated 15 October 2024 from the Companies Commission of Malaysia notifying that Puncak Patem Konsortium Sdn Bhd (“PPKSB”) had been struck off from the Register of Companies Commission of Malaysia pursuant to Section 550 of the Companies Act, 2016 on 7 October 2024.
Accordingly, PPKSB ceased to be a subsidiary of Puncak on 7 October 2024.
This announcement is dated 15 October 2024.
1 month ago
Most of the plantation companies are making huge profit with the good FFB price now, why is Puncak still bleeding with down trend production volume? Something is very wrong with the management
3 weeks ago
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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....
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What happen to Puncak?
2023-08-11 10:14