Highlights
KLSE : PUNCAK       PUNCAK NIAGA HOLDINGS BHD
Last Price Today's Change   Day's Range   Trading Volume
3.32   +0.02 (0.61%)  3.28 - 3.36  21,500

Overview

Board:Main Market
Sector:Infrastructure
Avg Volume (4 weeks):600,231
4 Weeks Range:3.05 - 3.39
52 Weeks Range:2.74 - 3.76
Average Price Target:3.74
Price Target Upside/Downside:+0.42
View Price Target Detail

Headlines

Latest Headlines
02/10/2014  Water Utilities - Deal Finally Sealed
23/09/2014  Four firms in Kepong incinerator shortlist
22/09/2014  Puncak wants to offer its expertise to other states and overseas
22/09/2014  Construction Sector - 4 shortlisted for Kepong incinerator OVERWEIGHT
15/09/2014  Water Sector - Fed and state seal the deal NEUTRAL
22/08/2014  Puncak Niaga - Maiden contributions from Pan Malaysia job HOLD
22/08/2014  Puncak Niaga Holdings - Still looking to close the deal
22/08/2014  Puncak Niaga Holdings Bhd - Patience Pays
22/08/2014  Puncak Niaga - Within Expectations
13/08/2014  Puncak Niaga to bid for RM800m controversial waste-to-energy incinerator?
13/08/2014  Puncak Niaga - Bidding for Kepong incinerator job HOLD
13/08/2014  Maybank Research Highlights - 13 Aug 2014
10/08/2014  雪水務整合路還長
05/08/2014  Puncak Niaga - Shortlisted for Pengerang contract HOLD
03/08/2014  南亞紅股幾時發出?
01/08/2014  Puncak Niaga signs water deal with KDEB
01/08/2014  Puncak Niaga - Signs water extraction agreement
08/07/2014  Water Sector - Selangor to maintain offer for SPLASH NEUTRAL
30/06/2014  Trading Stocks - 30 June 2014 - MPHB | Magna | KSL | Premier | Puncak | Power Root
27/06/2014  Merger and Acquisition: The Brilliant Water deal

  9 people like this.
 
sunztzhe kahhoeng, The new normal price of crude oil at + or - USD 80/barrel would force an industry wide shakeout. We are just at the cusp of a new beginning of a global industry shakeout. UPSTREAM service providers will also be impacted. High capex projects for deep wells with production cost of USD 80/barrel is not economically feasible anymore. Major Oil & Gas companies had already made that decision. The UPSTREAM OIL & GAS SWAN had suddenly become an UGLY DUCKLING.

There will be also a shakeout of the upstream SERVICE PROVIDERS AS WELL.
25/10/2014 23:42
GoLucky88 Whatever... puncak BOLEH
26/10/2014 02:23
hng33 Bought back some Puncak at 3.28
27/10/2014 15:48
JayC when is the EGM to vote and announce dividend distribution?
27/10/2014 16:59
kahhoeng I have waiting til my neck is long... sigh, why so slow?
27/10/2014 19:26
sudahkena Maybe they also 50-50.... if azmin not agree..
27/10/2014 20:10
kahhoeng hng33, if I were not wrong, current offer for Puncak is 6.155 billions, with equity portion of it valued at 1.553 billions, right? That would assume the debt portion at 3.336 billions. Though, a recent relook at Puncak recent quarter report, it has only total liability of 2.819 billions. So, where does the difference of 517 millions go?
28/10/2014 20:23
kahhoeng With the total liabilities of 2.819 billions, that would assume Puncak's other businesses carries no debt or other kind of liabilities, phew!
28/10/2014 20:25
hng33 Total offer for Puncak is RM 6.155bil, with its 100% own unit, is PNSB RM 2.912b and its 70% Syabas is 3.23bil. The offer for PNSB in turn divided into equity portion: RM 1.1175bil and assets/liab assume RM 1.7950 bil, On the other hand, Syabas equity portion is RM 427.5m and assets/liab is RM 2.80 bil.

In the Puncak current balance sheet, it did not consolidate its 70% syabas as it have apply different accounting policy with reason that even Puncak control 70% syabas but it fail to execute control over syabas due to Fed giv have golden share and every policy need secure approval from both State and Fed gov, therefore, syabas is only equity account instead of consolidate account in Puncak
29/10/2014 18:06
kahhoeng hng33, thanks for the clarification
29/10/2014 19:14


 

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