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KLSE : PUNCAK       PUNCAK NIAGA HOLDINGS BHD
Last Price Avg Target Price   Upside/Downside Price Call
3.36 3.74     +0.38 (11.31%)
* 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
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
12/06/2014 3.38 3.40 +0.02 (0.59%) HOLD AMMB Price Target News
11/06/2014 3.25 4.01 +0.76 (23.38%) TRADING BUY RHB Price Target News
11/06/2014 3.25 4.28 +1.03 (31.69%) BUY CIMB Price Target News
11/06/2014 3.25 3.40 +0.15 (4.62%) HOLD AMMB Price Target News
30/05/2014 2.98 3.13 +0.15 (5.03%) HOLD RHB Price Target News
30/05/2014 2.98 3.41 +0.43 (14.43%) HOLD MIDF Price Target News
30/05/2014 2.98 3.19 +0.21 (7.05%) HOLD KENANGA Price Target News
30/05/2014 2.98 3.21 +0.23 (7.72%) HOLD CIMB Price Target News
30/05/2014 2.98 3.40 +0.42 (14.09%) HOLD AMMB Price Target News
22/05/2014 3.03 3.40 +0.37 (12.21%) HOLD AMMB Price Target News


Price Target Research Article/News (past 6 months)
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
12/06/2014  AMMB Puncak Niaga - Finalisation expected in 2-3 months HOLD
11/06/2014  RHB Puncak Niaga - Light At The End Of The Tunnel
11/06/2014  CIMB Puncak Niaga Holdings - Here comes the boom
11/06/2014  AMMB Puncak Niaga - Accepts RM1.5bil offer in principle HOLD
30/05/2014  RHB Puncak Niaga - Below Expectations
30/05/2014  MIDF PuncakNiaga - Disappointing non-water business
30/05/2014  KENANGA Puncak Niaga Holdings Bhd - Missed Expectations
30/05/2014  CIMB Puncak Niaga Holdings - Still clogged up
30/05/2014  AMMB Puncak Niaga - A slow 1Q due to deferred O&G works HOLD
22/05/2014  AMMB Puncak Niaga - Still in discussions HOLD



  9 people like this.
 
mbge7clt market always work different from ppl expectation. maybe somebody is depressing the price so that can accumulate more? doesn't make sense that the price is lower although plan to distribute so high dividend.
17/11/2014 11:33
hng33 kahhoeng

Market sentiment now is low, so, its difficult for Puncak to sustain the share price. But if you intend to hold till special dividend is declare, then Puncak should at least back to its previous high.
17/11/2014 11:44
kahhoeng Hng33, I realize that the market sentiment is not good, actually kind of anticipating it a while back, which is why I hold mostly shares of companies with recently sold businesses, rich in cash or with pending sales of businesses, including Puncak, Hwang Cap, BJCorp and Oriental. Sigh...
17/11/2014 17:15
Rich118 Kahhoeng, I am not concerned about the current correction but rather see this a good accumulation opportunity to increase our stakes. I have had pleasant experience with CIHLDG a few years back when it sold it's prized jewel Permanis Sdn Bhd (Tropicana juice, remember) to a Japanese F&B co. People were concerned then how Datuk Johari Ghani utilize the cash proceeds. After distributing the first cash dividend, he returned most of the cash proceeds after it cannot find a good buisness within the specified period. People were throwing the shares then thinking that he will acquire biz that were not adding much value. At the same time, parties related to him kept acquiring the shares while ignorant retail investors were throwing the jewel shares. You can trace the history by checking from the Bursa announcement.

Bottom line question we must ask ourselves is that do you think TSR will be acquiring any biz at all cost to the extent of eroding the company value? Please remember he has the biggest stake with almost 43%! 冷眼 said for those who have done enough home work, one should know the 底线 .

Hng33, I do not think all vacant land are non-CA related. I suspect many of them are actually land where the WTPs are situated. This is the missing puzzle in my value calculation.

Will be nice if any who have insights can share their thoughts.

Thanks
17/11/2014 23:01
nicenice My question is after the dividend pay out will the share price adjusted accordingly ? ...thanks in advance.
18/11/2014 08:56
special4u of course wil adjust accordingly
18/11/2014 15:42
kahhoeng rich, has I been less optimistic about Puncak, would have sold some around 3.6x and bought back with recent drop... I am concerned because I lost the opportunity to make some of late, sigh... Luckily, was able to sell Puncak @ 3.56 and buy Puncak-WB @ 2.49 today, kind of happy.
18/11/2014 21:30
hng33 Puncak in Mega sales
21/11/2014 14:35
hng33 It is interesting to note that Puncak and Kulim share many similarity

1. Both also sold major earning contributor
2. Both also intend to distribute special dividend (Puncak (RM 1 /share) vs kulim (78sen/share)
3. Both at same price now RM 3.38
4. Kulim want to use part of divestment proceed to venture big into oil and gas industry on top of its exiting remaining palm oil. On the other hand, Puncak intend to use part of the divestment proceed to venture big into palm oil industry on top of its exiting oil and gas business
21/11/2014 14:59
hng33 Almost wanted to buy Puncak today at 3.36, but due to a bit weak sentiment and keen selling volume still at high until last min, so still undecided.......But, will wait next week to examine Puncak share movement whether can stand above 3.35 with next critical support level at 3.30 first, then can decide re-enter more convincingly.
21/11/2014 21:46


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