Highlights
KLSE : PUNCAK       PUNCAK NIAGA HOLDINGS BHD
Last Price Today's Change   Day's Range   Trading Volume
2.68   0.00 (0.00%)  0.00 - 0.00  0

Overview

Board:Main Market
Sector:Infrastructure
Avg Volume (4 weeks):1,135,180
4 Weeks Range:2.57 - 2.82
52 Weeks Range:2.29 - 3.74
Average Price Target:3.19
Price Target Upside/Downside:+0.51
View Price Target Detail

Headlines

Latest Headlines
07/07/2015  Trading Idea: Potential triangle breakout - PUNCAK (RM2.67/Vol:609k)
02/07/2015  Water Utilities - This Could Be It!
25/06/2015  Water Sector - State and Federal governments to ink supplementary deal today NEUTRAL
25/06/2015  Interest In Puncak Peaks
25/06/2015  [转贴] 傳今簽署補充協議‧水務股久旱逢甘霖
25/06/2015  Puncak: Will the Selangor water deadlock end today?
16/06/2015  PublicInvest Research Headlines - 16 Jun 2015
12/06/2015  PublicInvest Research Headlines - 12 Jun 2015
22/05/2015  Puncak Niaga - Hopeful of a resolution within two months HOLD
22/05/2015  Puncak Niaga Holdings Bhd - Within Expectations
22/05/2015  Puncak Niaga - Strong Showing
21/05/2015  Puncak Niaga - New Chapter In The Water Saga
17/05/2015  痴痴地等
12/05/2015  欲提高水務資產售價‧商業高峰評級不變
12/05/2015  Puncak Niaga - Receives request for fifth extension; may raise price HOLD
12/05/2015  Water Sector - No end in sight yet NEUTRAL
12/05/2015  Maybank Research Headlines - 12 May 2015
12/05/2015  [转帖] 雪州水務整合四度展延丟商機‧商業高峰或調高售價
12/05/2015  PublicInvest Research Headlines - 12 May 2015
12/05/2015  Puncak: May seek higher price for water assets

  10 people like this.
 
sudahkena Greece. .. 1mdb.. jibby... now puncak itself ve prob... tomorrow down???
07/07/2015 22:00
Roger123 Hahaha. I'm also fallen into the trap..........
07/07/2015 22:38
Roger123 Tomorrow will mortgage all my assets and also include myself to buy puncak. Cheer. Hahaha. Singor... plz support me
07/07/2015 22:39
Roger123 Hng: u sold already? Why u didnt ask me tooo
07/07/2015 22:42
Roger123 Hng: u sell i buy. U buy i sell. Only can balance up.
07/07/2015 22:43
ckk2266 http://www.malaysiakini.com/news/304383
08/07/2015 07:20
kahhoeng ckk2266, what an excellent news to start the day! The whole restructuring has been hard to swallow and against common sense of addressing the issue as soon as possible. With the details out, at least we would have to rely on 'insiders' for updates... Or, at least I don't have to keep on calling Azmin stupid
08/07/2015 07:42
ckk2266 http://www.freemalaysiatoday.com/category/bahasa/2015/07/07/saya-ada-bukti-persekutuan-lengahkan-penstrukturan-air-azmin-ali/
08/07/2015 07:44
ckk2266 kahhoeng
:)
08/07/2015 07:49
hng33 Puncak yet to get letter from Air Selangor

PETALING JAYA: Despite speculation that the Selangor water restructuring is going be resolved soon, Puncak Niaga Holdings Bhd has yet to receive any written confirmation from Selangor state-owned Pengurusan Air Selangor Sdn Bhd (Air Selangor), according to a source.

Puncak Niaga rose to an intra-day high of RM2.73 yesterday, before ending one sen higher at RM2.68 with 1.6 million shares changing hands.

“Puncak Niaga has yet to receive any letter from Air Selangor as of today. But we still have time until July 13 for both governments to reach a consensus on the matter,” he told StarBiz yesterday.

The Selangor water restructuring has hit a snag since 2008 due to various disagreements between the state and federal governments although the master agreement was signed last year during Tan Sri Khalid Ibrahim’s tenure as Mentri Besar.

Under the master agreement, Puncak Niaga would hand over the Selangor water concession businesses of subsidiaries Puncak Niaga Sdn Bhd and Syarikat Bekalan Air Selangor Sdn Bhd (Syabas) to the state government for RM1.56bil.

Now, both parties are finalising the supplementary agreement over issues mainly on some water assets located on federal-owned land. Last month, Puncak Niaga agreed to a sixth extension until July 13, 2015 to fulfil the conditions precedent in the agreement dated Nov 11, 2014.

Tan Sri Rozali Ismail, executive chairman and the major shareholder of the water treatment and supply company, recently voiced out that this was the last extension and it would resort to legal action if the deal was still not resolved.

He is said to have taken charge of the company’s operation now as acting group managing director as well.

Once the Selangor water restructuring issue is resolved, the company’s water treatment business will mainly consist of its projects in China which comprises two water treatment concessions expiring in 2038 and 2039, and one waste water treatment concession expiring in 2035.

But the source also revealed that Puncak Niaga was mulling over the idea to dispose of its water business in China as well. “It will be interesting to see how Puncak Niaga is going to invest the proceeds from the deal,” he said.

Rozali had expressed his plan to acquire an oil and gas (O&G) company and to further expand into palm oil industry.

Puncak Niaga has an O&G business now parked under Puncak Oil and Gas Sdn Bhd and GOM Resources Sdn Bhd.

It is understood that the O&G business will become its main contributor following the disposal of its water assets and operations.

Rozali, who is a lawyer by training, has always been keen with the palm oil industry, given his personal background in the sector.

CIMB Research in a previous report said besides a RM1 dividend, which translated to a 29% dividend yield, Puncak Niaga’s profit from the divestment would feature mainly its domestic O&G venture and the construction segment. “This excludes the proforma RM415m gain from the disposal of the water assets,” said the report.
08/07/2015 08:13


 

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