Highlights
KLSE : PUNCAK       PUNCAK NIAGA HOLDINGS BHD
Last Price Today's Change   Day's Range   Trading Volume
0.925   -0.01 (1.07%)  0.925 - 0.94  725,800
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Overview

Market Cap: 415 Million
NOSH: 449 Million
P/E | EY: -1.56  |  -63.99%
DY | Payout %: 0.00%  |  - %
NAPS | P/NAPS: 3.41  |  0.27
Avg Volume (4 weeks):1,059,044
4 Weeks Range:0.89 - 0.985
52 Weeks Range:0.88 - 1.48
Average Price Target: 2.80
Price Target Upside/Downside: +1.875

Headlines

Latest Headlines
23/12/2016  Puncak Niaga: Misconception on Triplc deal
19/12/2016  Mplus Market Pulse - 19 Dec 2016
19/12/2016  PublicInvest Research Headlines - 19 Dec 2016
02/12/2016  PublicInvest Research Headlines - 2 Dec 2016
23/10/2016  王宝钦.商业高峰种油棕
18/10/2016  扩展至油棕种植.商业高峰收购价合理
18/10/2016  PublicInvest Research Headlines - 18 Oct 2016
23/09/2016  Daily Technical Highlights – ECONBHD | PUNCAK
07/09/2016  Daily Technical Highlights – PIE | PUNCAK
10/08/2016  Daily Technical Highlights – PUNCAK | KAREX
10/08/2016  Daily Market Update - 10 Aug 2016 (ARMADA, PUNCAK)
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  17 people like this.
 
nekosan what he said is true, next quarter result will be massive loss
18/01/2017 15:51
kahhoeng Dear all, I have spoken to the SC and was given the following advice:

1. We need to be clear of our purpose meeting SC - I have told him that some in this discussion site has proposed resolution but not yet firm on what to seek while I am still firm on what I want, i.e., a capital repayment of 2.50 in exchange for our shares to those investors concern over Puncak's latest developments. Anyhow, any suggestion? Is my request reasonable and agreeable to all?

2. On appointment date and time - I was asked to give them a few option and he will approach his management team to look into a time that will suit us while they will be free. I am suggesting around Feb 15 - Feb 20. It's right after CNY. If we request for a date that's too late, we maybe too late to stop any bad deal...

To those who won't be able to attend, may I suggest you calling SC up right before the meeting and discuss with the person that I am getting in touch with right now? Will let you guys know whom I have contacted after we have addressed the above.
18/01/2017 16:40
kahhoeng In addition, I have asked him over CIMB's analyst report over Puncak. I have asked if I may seek compensation since they have simply ceased coverage instead of issuing report identifying their mistakes and apologize. I was told yes and was asked to get in touch with SIDREC. May I know if any of you is using CIMB trading platform and has invested reading CIMB's report on Puncak? Probably would have work better if we approach as a team.
18/01/2017 16:43
Kelvin HK i using cimb and used to read their report.
18/01/2017 17:06
kahhoeng My apology, I was told I can get in touch with SIDREC on this matter, misrepresentation of analyst report and would like to lodge for compensation. I was not told that I am entitled to compensation. Whew, think my earlier post could have offered wrong understanding.
18/01/2017 17:08
cheoky maybe you can draft a letter for us to proxy you as our spokeperson. ask us to contact you to your personnal email. as this is a more private stage liao. if we are seriously with you, we will email and response back to you. otherwise is still nothing.
18/01/2017 17:11
valour kahhoeng
Other days ok except 18/2 onwards not in town
18/01/2017 17:16
kahhoeng Schedule and purpose to meet SC on Puncak Niaga:

1. kahhoeng FREE Feb 15 - Feb 28;
Capital repayment of 2.50 (or any other reasonable amount SC can assist in proposing) in exchange for share

Could you guys add on this? Thanks!
18/01/2017 17:19
r°Moi Kahhoeng..


Add on...


For TRIplc RPT... on using PEB... to privatise TRIplc with a market price of less than 1.90.... and sell it to PUNCAK at 3.04 immediately..... making a mockery... of open market mechanism of price discovery... this is the domain of SC


.
18/01/2017 17:26
kahhoeng rMoi, please copy and past on the above I have just typed in so I can simply send it to SC. Of course, if you are OK with my proposal, then there's no need for us shareholders who have tendered our shares for 2.50 capital repayment to worry over TRIPLC deal. If you want it as another option, then please add to it.
18/01/2017 17:32
r°Moi Kahhoeng

r°Moi like like your capital repayment request....

Just in case SC does not interfere to that extent better put in an alternative request
18/01/2017 17:45
r°Moi Will draft something and paste later...
18/01/2017 18:05
rogers123 kahhoeng: Give us ur email address. We will support u
18/01/2017 18:10
rogers123 Azlan is not suitable to md position, only 30 yrs? Is this a joke?
18/01/2017 18:18
kahhoeng Think post here easier, I can just ask SC to refer this site for confirmation. I don't want to give the impression that I'm making things up so SC will act. Rozali has really gone to the extreme...
18/01/2017 18:22
Kelvin HK Schedule and purpose to meet SC on Puncak Niaga:

1. kahhoeng FREE Feb 15 - Feb 28;
Capital repayment of 2.50 (or any other reasonable amount SC can assist in proposing) in exchange for share
2. Kelvin HK
18/01/2017 19:23
valour Schedule and purpose to meet SC on Puncak Niaga:

1. kahhoeng FREE Feb 15 - Feb 28;
Capital repayment of 2.50 (or any other reasonable amount SC can assist in proposing) in exchange for share
2. Kelvin HK
3. valour
18/01/2017 19:23
18/01/2017 19:59
kahhoeng kelvin, valour, would you please put in your free days and your intention to meet SC?
18/01/2017 20:20
valour kahhoeng
U set the date i make myself free . Time to give u real support rather than posting here . My take is that we must unite if there any chance of making an impact . I also agree with ur exit plan .
18/01/2017 21:48
angiess Why they are not under PN16 since they have sold off their core business & why they have unlimited time to look for new business... why no time frame & with all the expenses incurred and without income... the company has been making looses...

I'm not sure whether my reason valid for SC's concern...


I will join the SC meeting definitely
18/01/2017 22:38
cheoky Kahhoeng outstation supporter how
19/01/2017 08:28
kahhoeng cheoky, let us confirm on the appointment date, and you can call before the meeting to the SC on your support to the discussion to be held, sounds OK?
19/01/2017 11:37
rogers123 Puncak is the best stock i have ever bought. One day up then fall many days. Luckily sold half. Or else really kanasai
19/01/2017 15:29
rogers123 Puncak if u fall below 0.80, i will be very sad
19/01/2017 15:36
kahhoeng Its my understanding the following, including me, has agreed to meet SC.

1. kahhoeng
2. kelvin HK
3. valour
4. rMoi
5. angiess

In addition, the following has not been able to attend due to outstation

1. cheoky
2. cljy
3. DK66

Is there anybody else interested to join the meeting?
Also, is either day of Feb 14, Feb 15, and Feb 16 sounds OK? Thinking about giving 3 days for SC's option.
The agenda would be to request SC to push Puncak for a capital repayment of 2.50 per share given the BOD's show of mismanagement: (1) quarter report showing investment as if to avoid PN 16 classification (2) plantation deal that's not only expensive compared to a similar recently announced deal by SOP and misinformed details classifying young trees as 'matured'

Anything else? I will add accordingly. Thanks.
19/01/2017 16:54
Kelvin HK kahhoeng, i not understand and my doubt as below

1. if there is such law in bursa to protect minority like us ?
2. why is 2.5 repayment not 1.5, 3.0 ?
3. how long will this whole exercise took ?
19/01/2017 17:07
kahhoeng Kelvin HK,

My request of 2.50 is based on net asset per share of 3.41 and cash per share of 2.50 reported in the most recent quarter report. This is an amount Puncak can easily offer without having to sell assets.

Frankly, I do not know what SC can do for us, but clearly, Puncak BOD do not have us in mind when making any decision. It seems to me, to them, Puncak minority shareholders are nothing but disposable diapers that have been used. So, I sincerely doubt BOD will act on behalf of us, particularly that the issue has been raised in the AGM before, i.e., share price is at huge discount to cash in hand and net asset and an urgency for share buy back to assuage minority shareholders the huge cash the firm is holding will be spent wisely.
19/01/2017 17:28
angiess Kahhoeng please try to make the appointment in the morning so can go to work after that...thanks
19/01/2017 18:39
rogers123 Y kahhoeng not included me? Look down on me? Hahahaha
19/01/2017 19:24
kahhoeng roger123, you wrote down your friend's not your's... the rest include theirs
19/01/2017 19:38
cheoky Kahhoeng, rmoi add on is a good point as proposal B. At minimum,, this make SC think twice on the deal making by rozali and will frustate rozali plan. I think it is better for outstation guy like to support by letter rather by verbal right?
19/01/2017 20:49
Chinaboleh If kahhoeng plan successful so we also can request China counters to pay us dividend base on their cash holding? If not can we complain SC bias?
19/01/2017 20:57
traderman Chinaboleh, i can assure you that the 2.5 repayment will be ignore 100% by the SC
19/01/2017 21:08
FAIRnREASONABLE While I applause kahhoeng's initiative and efforts, I tend to agree with trademan that the RM2.50 repayment request will be ignored by SC.

There is no basis for SC to act on the request of 2.50 repayment. SC simply has no power, no relevant backup law or rules & regulation to act, even if the officers there are convinced and sympathetic to our problems.

SC does not interfere if the share price is absurdly low or absurdly high compared with its intrinsic value. SC may act, however, if it found evidence of price manipulation or rigging.

SC may act if alerted of possible irregularity, illegal activity or misdeeds. SC may also take action if there is violation of listing rules or provisions in Company Act.

We need to put together evidences that things in Puncak are not in order and hence our request for SC's intervention.
19/01/2017 21:52
valour We have to meet up get organised this fight will take some time . Formal complaint is the very beginning got to start somewhere
19/01/2017 22:06
FAIRnREASONABLE What are signs that Puncak is not in order and hence our request for SC's intervention? I can identify the following:

1. Massive losses over the last few quarters - there could be leakages??
2. Excessive offer price for TRIPLC (far, far above market price) which benefits controlling shareholder/directors, but bad for minorities;
3. Inexperienced, not-adequately qualified, not-competent and too young MD to lead Puncak over this difficult time;
4. Excessive chairman/director fees when Puncak is suffering massive losses;
5. No clear and transparent strategy to utilize the cash to buildup new business - venturing into other unfamiliar (and challenging) businesses may incur further losses to Puncak;
6. Depressed share price (compared with cash and intrinsic value) over a long period is evidence of no confidence in the directors and management - Puncak should employ competent CEO to revive the business, not simply putting Chairman's son in a cushy position and draw gaji-buta.
19/01/2017 22:15
FAIRnREASONABLE With cash of 2.50, it is UNFAIR & UNREASONABLE to take Puncak private by offering a price say around 1.00. SC can intervene in such case.

If the cash is used up to buy inflated assets, and that the share price stays around today's level, offer to take Puncak private at around 1.00 will be consider UNFAIR but REASONABLE. In such case SC may not intervene. This scenario is my major concern.
19/01/2017 22:26
traderman FAIRnREASONABLE, base on your 6 points then a lot company need to do share repayment already hahaha
19/01/2017 22:44
FAIRnREASONABLE You missed my points, traderman.
Based on my 6 points together, SC can intervene - like sending query.
SC cannot order repayment.
Share holders can put in proper resolution, and if passed then repayment is possible (but unlikely to achieve if Rosali not supporting). In any case, resolution for voting will in itself exert pressure on directors and management.
19/01/2017 22:51
traderman FAIRnREASONABLE, waste of time, sell and buy other better stock
19/01/2017 23:14
kahhoeng so, FAIRnREASONABLE, will you be joining our meeting with SC?
Roger123, will you too? Or, only your friend?

If you are joining, please add on to the list before I try to call SC next Monday or Tuesday.
20/01/2017 09:40
rogers123 I am not staying in KL. But i can give u my proxy. I am sure u need it....
20/01/2017 09:46
steveooikp heading south....
20/01/2017 15:06
steveooikp 92.5...
1 day 1 sen drop...
20/01/2017 15:48
steveooikp hng33 is still on holiday...
20/01/2017 15:49
firehawk since elite announced fight for 2.50, price still sliding .... may be some unknowledgable ppl don know and go to sell .....
20/01/2017 16:24
nekosan Let's buy some and hope for 2.5
20/01/2017 19:09
FAIRnREASONABLE Kahhoeng

I won't be in KL at the time and regret not able to join you & others.

Please go ahead with your planned meeting with SC.

In the event that SC is unable to act on your proposed 2.50 repayment ( which I think is most likely), please request that SC send a query to the Chairman & Board about issues we raised. It is best that you prepare a proper written submission on the various issues, with each backup with strong reasons.

Thank you again for taking the lead to do something. Please ignore the noises and negative remarks in this forum, bearing in mind that many are traders who gain from share price fluctuations.
20/01/2017 19:48
valour nekosan
Ahh...that more like it buy low sell high ! Dont b so greedy 1.02 quicly sell ( good coffee money )
20/01/2017 20:17
firehawk nekosan, if u buy to try yr luck, is ok .... if u aim for 2.5, pls think twice x3
20/01/2017 21:09


 

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