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KLSE : PUNCAK       PUNCAK NIAGA HOLDINGS BHD
Last Price Avg Target Price   Upside/Downside Price Call
2.53 4.02     +1.49 (58.89%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
28/11/2014 3.02 4.01 +0.99 (32.78%) TRADING BUY RHB-OSK Price Target News
28/11/2014 3.02 3.76 +0.74 (24.50%) HOLD MIDF Price Target News
28/11/2014 3.02 3.99 +0.97 (32.12%) BUY KENANGA Price Target News
28/11/2014 3.02 4.28 +1.26 (41.72%) BUY CIMB Price Target News
28/11/2014 3.02 3.40 +0.38 (12.58%) HOLD AMMB Price Target News
12/11/2014 3.60 3.76 +0.16 (4.44%) HOLD MIDF Price Target News
12/11/2014 3.60 3.99 +0.39 (10.83%) BUY KENANGA Price Target News
12/11/2014 3.60 4.28 +0.68 (18.89%) BUY CIMB Price Target News
12/11/2014 3.60 3.40 -0.20 (5.56%) HOLD AMMB Price Target News
02/10/2014 3.38 3.99 +0.61 (18.05%) BUY KENANGA Price Target News
15/09/2014 3.44 3.40 -0.04 (1.16%) HOLD AMMB Price Target News
22/08/2014 3.31 4.01 +0.70 (21.15%) TRADING BUY RHB Price Target News
22/08/2014 3.31 4.44 +1.13 (34.14%) HOLD MIDF Price Target News
22/08/2014 3.31 3.99 +0.68 (20.54%) BUY KENANGA Price Target News
22/08/2014 3.31 4.28 +0.97 (29.31%) BUY CIMB Price Target News
22/08/2014 3.31 3.40 +0.09 (2.72%) HOLD AMMB Price Target News
13/08/2014 3.44 3.40 -0.04 (1.16%) HOLD AMMB Price Target News
05/08/2014 3.41 3.40 -0.01 (0.29%) HOLD AMMB Price Target News
01/08/2014 3.29 3.40 +0.11 (3.34%) HOLD AMMB Price Target News
08/07/2014 3.28 3.40 +0.12 (3.66%) HOLD AMMB Price Target News
27/06/2014 3.63 3.40 -0.23 (6.34%) HOLD AMMB Price Target News
23/06/2014 3.76 4.30 +0.54 (14.36%) BUY KENANGA Price Target News
23/06/2014 3.76 4.28 +0.52 (13.83%) BUY CIMB Price Target News


Price Target Research Article/News (past 6 months)
28/11/2014  RHB-OSK Puncak Niaga - Lifted By Lower Effective Tax Rate
28/11/2014  MIDF A budding O&G operator?
28/11/2014  KENANGA Puncak Niaga Holdings Bhd - Within Expectations, Waiting For Special-D
28/11/2014  CIMB Puncak Niaga Holdings - Cashing out of the waters
28/11/2014  AMMB Puncak Niaga - EGM expected to be called soon HOLD
12/11/2014  MIDF Another step closer to a final resolution
12/11/2014  KENANGA Puncak Niaga Holdings Bhd - Higher-than-expected Special Dividend from Sale of Water Assets
12/11/2014  CIMB Puncak Niaga Holdings - A generous 29% dividend yield
12/11/2014  AMMB Puncak Niaga - Finally inks deal; cash dividend of RM1.29/share HOLD
02/10/2014  KENANGA Water Utilities - Deal Finally Sealed
15/09/2014  AMMB Water Sector - Fed and state seal the deal NEUTRAL
22/08/2014  RHB Puncak Niaga - Within Expectations
22/08/2014  MIDF PuncakNiaga - Significant pick-up in oil and gas business
22/08/2014  KENANGA Puncak Niaga Holdings Bhd - Patience Pays
22/08/2014  CIMB Puncak Niaga Holdings - Still looking to close the deal
22/08/2014  AMMB Puncak Niaga - Maiden contributions from Pan Malaysia job HOLD
13/08/2014  AMMB Puncak Niaga - Bidding for Kepong incinerator job HOLD
05/08/2014  AMMB Puncak Niaga - Shortlisted for Pengerang contract HOLD
01/08/2014  AMMB Puncak Niaga - Signs water extraction agreement
08/07/2014  AMMB Water Sector - Selangor to maintain offer for SPLASH NEUTRAL
27/06/2014  AMMB Puncak Niaga Holdings - EGM likely in end-Aug or Sept HOLD
23/06/2014  KENANGA Puncak Niaga Holdings Bhd - Finally, the deadlock resolved…
23/06/2014  CIMB Puncak Niaga Holdings - Take the cash and grow



  9 people like this.
 
hng33 kahhoeng

You can refer to the Puncak notice of EGM, state clearly, that special cash dividend of MINIMUM amount of RM 1/share in the issue and paid up share capital up to MAXIMUM distribute amount RM 534.3m...... The broad of director is given full authority and sole discretion to determine and adjust the final amount of special dividend
20/12/2014 11:41
hng33 vwmcclure

It should be opposite, Puncak even after payout special dividend, still retain net cash RM 2.55/fully diluted share, it could launched take over small O&G company to expand its business.
20/12/2014 11:43
hng33 商峰15.6亿售2水务公司不公平但合理

(吉隆坡19日讯)独立顾问KAF西金认为,商峰(PUNCAK,6807,主板基建股)以15.6亿令吉脱售旗下的2家水务公司的交易,「不公平但合理」,建议股东接受献议。

商峰在11月建议以15.6亿令吉脱售商峰私人有限公司(PNSB)的所有股权和优先股,以及雪州水务公司(SYABAS)的70%股权和约86.53%可赎回可转换债券股(RCULS)给雪州水务管理公司(PASB),並派发每股至少1令吉的特別股息。

该公司委任的独立顾问KAF西金指出,PNSB、SYABAS的70%股权以及约86.53%可赎回可转换债券股的合理价格为20.8亿至23.5亿令吉,意味著商峰15.6亿令吉的脱售价折价高达25.26%至33.90%。

因此,独立顾问认为商峰的15.6亿令吉脱售价属於「不公平」的范畴。

但另一方面KAF西金也表示,基於SYABAS的凈帐面价值(NBV)为负15.5亿令吉,加上PNSB的凈帐面价值13亿令吉,总和为负2.4亿令吉。因此,这项脱售属於「合理」范畴。

总的来说,KAF西金认为商峰的脱售价属於「不公平但合理」,並不会对股东不利,因此建议股东在股东特大(EGM)中投下赞成票。

虽然独立顾问建议股东接受献议,但商峰股价今天依然下跌,全天跌15仙或5.6%,至2.53令吉。
20/12/2014 11:51
rlch Why drop 15sen yesterday? Sale of water asset RM 1.56 billion too low?
20/12/2014 12:07
samsoongyc Probably to tempt us to increase our stake see how.... a bit tempted haha...
20/12/2014 12:15
kahhoeng With puncak cash after special dividend, it can still afford to buy 100% of both barakkah n alam yet keeping some over 300 mln of cash...
20/12/2014 16:45
kahhoeng Hng33, thanks
20/12/2014 16:45
rlch DY 40% with special dividend RM1. Puncak experience with GOM show not easy to make money in O&G business. Better buy plantation stocks or give more special dividend. Barakah and Alam if PETRONAS cut capex as announced how will it affect them?
20/12/2014 21:08
rlch I like Puncak because the price has dropped and it is having monopoly water business in KL area. Can Puncak keep their water business instead of selling?
21/12/2014 09:55
kahhoeng Both plantation n o&g are still! relatively pricey, I would rather puncak distributing the cash to us. Or, at least actively buy back shares
21/12/2014 10:24


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