Highlights
KLSE : PUNCAK       PUNCAK NIAGA HOLDINGS BHD
Last Price Today's Change   Day's Range   Trading Volume
3.25   +0.01 (0.31%)  3.25 - 3.26  108,800

Overview

Board:Main Market
Sector:Infrastructure
Avg Volume (4 weeks):719,873
4 Weeks Range:3.05 - 3.44
52 Weeks Range:2.74 - 3.76
Average Price Target:3.74
Price Target Upside/Downside:+0.49
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.
 
hng33 Puncak WB offer cheaper entry
17/10/2014 14:34
kahhoeng sold all my puncak for wa already, not really attractive if you look at the spread of its warrant... buy only at 2.16, sell at 2.10
17/10/2014 16:39
sudahkena Maybe fed need increase offer to splash.. then pkr will shut up
17/10/2014 16:52
hng33 The current take offer price for water treatment plant and their respective treated water capacity in milion litre per day (MLD)

1. Splash treated water capacity: 2000 MLD
Splash control by Gamuda 40%; KPS 30%: Sweet Water Alliance, Wan Azmi: 30%

(a). Take over equity price now: RM 250.6m
(total assets and liab: 1.84 bil)

(b). Take offer price in 2009: RM 1.56 bil
(total assets and liab: 2.98 bil)


2. PNSB treated water capacity: 1900 MLD
Wholly own by Puncak

(a). Take offer equity price now: RM 1.18 bil
(total assets and liab: 2.91 bil)

(b). Take offer price in 2009: RM 620m
(total assets and liab: 1.936 bil)


3. Abbas treated water capacity: 530 MLD
KPS control 91%

(a). Take offer price now: RM 99m
(total assets and liab: 990m)

(b). Take offer price in 2009: RM 125m
(total assets and liab: 946m)


4. Langat 2 project, Selangor portion cost RM 3.6bil for water treatment plant under phase 1, to build 2 water treatment plant, each 565 MLD capacity, total 1130 MLD. If take into account cost of construction to build 44.6km tunnel link Pahang to Selangor and construction dam in Pahang at cost RM 5.05 bil, then, total Langat 2 project cost is RM 8.65 bil.

(a) Capacity: 1130 MLD (phase 1, ready by 2017
(b) Capacity: 760 MLD (phase 2, cost pending til after phase 1 completion)

Total langat 2 treated water capacity is just 1890 MLD.


Remark: Langat 2 total cost RM 8.65 bil is 4.7x more expensive than to acquire splash for just RM 1.84 bil or if exclude tunnel/Pahang cost, court only two new water treatment plant, each 565 MLD capacity, cost RM 3.6 bil is still almost 2 x higher than splash and yet the total treated water capacity is just 0.57x than splash

Langat 2, phases 1, capacity 1130 MLD vs. Splash capacity 2000 MLD
18/10/2014 16:23
hng33 What i like to highlight here is that water treated from Langat 2 will be very expensive, even with leaseback for 45 year, it need to cover cost of construction either just from 2 new water treatment plant in selangor portion with each 565 MLD only for RM 3.6 bil + perhaps the water traffic also need to cover cost to build 44.6 km tunnel cost + Pahang portion cost + 10x higher raw water payable to Pahang than source from Selangor.

Comparing to existing water concession, they actually can afford to wait little longer if the take over price is no attractive. State rush to take over exiting water concession is try to neutralize partial future water traffic hike impact once the upcoming expensive Langat 2 is ready in 2017.
18/10/2014 16:49
kahhoeng seems like the fed is trying to hide the details of Langat 2, wonder who is benefitted from this?
19/10/2014 17:14
kahhoeng http://www.bursamalaysia.com/mar ... nouncements/1772977

Type of transaction Date of change No of securities Price Transacted (RM)
Acquired 14/10/2014 215,500
Acquired 15/10/2014 500,000
Acquired 16/10/2014 500,000

Circumstances by reason of which change has occurred Purchase of shares
Nature of interest Direct
Direct (units) 40,333,700
Direct (%) 9.76
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0
Total no of securities after change 40,333,700
Date of notice 20/10/2014

LTH not hardworking enough? Hope to see RM 4 soon
21/10/2014 18:55
mbge7clt http://www.thestar.com.my/News/Nation/2014/10/23/Azmin-Water-deal-stays-Sgor-MB-will-continue-to-press-Govt-for-full-disclosure-of-contents/
23/10/2014 10:15
mbge7clt Water deal stays!! Excellent
23/10/2014 10:16
hng33 Water deal stays but make terms public, says Azmin

Selangor Menteri Besar Mohamed Azmin Ali will not revoke the water agreement between the state and Putrajaya, The Star reported today.

In an exclusive interview, the daily quoted Azmin as saying he wanted to see a more efficient and quality water supply in Selangor.

"I am not going to revoke the deal, I want the exercise to be completed as soon as possible so that the people can have enough water."

However, he said he would pressure Putrajaya for full disclosure of the water deal, which also includes the construction of the Langat 2 water treatment plant.

"I cannot defend the decisions taken for the water deal if I cannot give an explanation to the rakyat about the terms and conditions of the agreement," Azmin told The Star.

The agreement, which Azmin's predecessor Tan Sri Abdul Khalid Ibrahim signed with Putrajaya, has been classified under the Official Secrets Act 1972.

Since taking office, Azmin has said several times that he would request the federal government for a full disclosure on the grounds of public interest.

On Monday, he asked Attorney-General Tan S‎ri Abdul Gani Patail to explain why Putrajaya refused to declassify the water restructuring agreement.

Azmin said his staff had yet to receive an official letter from the Energy, Green Technology and Water Ministry, and wanted reasons stated in writing as to why his request was rejected before taking further action.

"The federal government must explain why it was rejected since this agreement is not an issue of national security.

"It is only a business contract between two parties, why must it be hidden?" he said as quoted by The Star.

Azmin also told the paper that he did not intend to be a "stingy" MB as his predecessor Khalid was reputed to be.

"This is not my money, it belongs to the rakyat so it has to be spent wisely," he said, referring to the RM3 billion surplus in Selangor's accounts.

Azmin said he intended to spend on infrastructure maintenance and cleanliness in Selangor.

"Selangor receives about RM500 million annually from Putrajaya to maintain roads and other basic infrastructure," Azmin revealed to The Star.

However, under Khalid, only 50% or RM250 million was channeled to local councils with the balance going into state reserves.

"From 2015, every single cent from Putrajaya must go to the local councils to maintain their areas," Azmin said. – October 23, 2014.
23/10/2014 10:16


 

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