Highlights
KLSE: PUNCAK (6807)       PUNCAK NIAGA HOLDINGS BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.405   -0.015 (3.57%)  0.40 - 0.42  372,200
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Overview

Market Cap: 182 Million
NOSH: 449 Million
Avg Volume (4 weeks):313,911
4 Weeks Range:0.35 - 0.425
4 Weeks Price Volatility (%):
73.33%
52 Weeks Range:0.315 - 0.695
52 Weeks Price Volatility (%):
23.68%
Average Price Target: 2.80
Price Target Upside/Downside: +2.395
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#3]  |  28-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  27-Feb-2019
T4Q P/E | EY: -1.24  |  -80.82%
T4Q DY | Payout %: 1.23%  |  - %
T4Q NAPS | P/NAPS: 3.3149  |  0.12
T4Q NP Margin | ROE: -86.93%  |  -9.87%

Headlines

Date Subject
10-Jan-2019 Stocks on Radar - Puncak Niaga Holdings (6807)
08-Nov-2018 Mplus Market Pulse - 8 Nov 2018
31-Jul-2018 Technical Buy: PUNCAK (6807)
31-Jul-2018 Daily Market Update - 31 Jul 2018 (AAX, PUNCAK)
23-Jul-2018 M+ Online Technical Focus - 23 Jul 2018
23-Jul-2018 Daily Market Update - 23 Jul 2018 (FPI, PUNCAK)
04-May-2018 Mplus Market Pulse - 4 May 2018
04-May-2018 PublicInvest Research Headlines - 4 May 2018
23-Feb-2018 PublicInvest Research Headlines - 23 Feb 2018

Business Background

Puncak Niaga Holdings Bhd is a regional integrated water, wastewater, and environmental solutions provider, with involvement in the oil and gas sector. It is an investment holding company primarily engaged in the construction, water, wastewater, sewerage and environmental engineering sectors, through its subsidiaries. The operating segments of the company are Water and Wastewater, Oil and Gas, and Construction. It generates the majority of the revenue from the Construction segment which includes construction activities. Water and Wastewater segment includes operation and maintenance of a water treatment plants. The group operates in Malaysia, and internationally of which key revenue is derived from Malaysia.
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  23 people like this.
 
Daily8 Hahaa
20/09/2018 01:17
Daily8 @Kahheong, can't blame you for your investing decision. Based on the criteria of the stock,mainly you have decided based on the fundamental of the company, the market cap, the NTA, the previous EPS, so, your decision was consistent. Unfortunately, the market spoken into the different direction.
20/09/2018 17:04
SexyE There is speculation tan sri rozali will also resign from umno to join mahatir
26/09/2018 08:38
ivan9511 ivan9511 0.50 -0.08 (13.79%) : HARN LEN CORP BHD

top 10 losers , wa Oustanding
Last time got many pro claim wtf is a super super super super undervalued company : got land rich , got hotel got planataions
only
But this comapny only get income keep selling property , no good magn on own biz ,platation loss to other comapny only got good because many land and hotels , wtf got such good value but no dividend and borrow money from bank , made many stupid decision .

In Malaysia this so call super undervalued company for me is no good share price limit uppp while Harlen give special dividend , I can say for those like nta high high like Nta 10 ringgit but share 1 ringgit must careful ,
In Malaysia , seeing those company is lose money until bankrupt

I point out some example :

Mulpha
Puncak
Bpuri
Bjc
Bjland
Mkland
MNRB HOLDINGS BHD
Media
and many many of couse
Be honest I also kena above 50% , so I give advise others be careful
04/10/2018 15:41
Daily8 ivan9511. don't be too discouraged. Every stocks have a cycle. Just be patient.
05/10/2018 18:59
rogers123 Ivan: U can average down all the stocks like Hng and Kahhoeng. At the end u will earn big
24/10/2018 12:50
rogers123 Wat to worry. Keep averaging down
24/10/2018 12:51
Daily8 No
Date of change
No of securities
Type of transaction
Nature of Interest
1
22/10/2018
0
Others
Deemed Interest
Name of registered holder Central Plus (M) Sdn Bhd
Description of "Others" Type of Transaction Reorganisation
Consideration (if any)
2
22/10/2018
0
Others
Deemed Interest
Name of registered holder Corporate Line (M) Sdn Bhd
Description of "Others" Type of Transaction Reorganisation
Consideration (if any)
24/10/2018 17:48
Daily8 Name : FARIDAH BINTI IDRIS
NRIC/Passport No./Company No. : -
Nationality/Country of Incorporation : Malaysia


Name and Address of Registered Holder:
Central Plus (M) Sdn Bhd and Corporate Line (M) Sdn Bhd10th Floor, Wisma
RozaliNo. 4 Persiaran Sukan, Seksyen 1340100 Shah Alam, Selangor Darul Ehsan


Details of Changes
Date of Notice : 23/10/2018

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 22/10/2018 Acquired 175,140,824 -
24/10/2018 17:50
Daily8 Banyak beli shares by Rozali wife.
24/10/2018 17:50
rogers123 Daily8: R u buta? Beli or transfered. Hahaha
24/10/2018 21:09
rogers123 Internal reorganization la
Rozali and his wife la
24/10/2018 21:11
Daily8 wah, sorry,reorganize ler
25/10/2018 09:23
SexyE Friendly gesture by Azmin a prelude of Tan Sri Rozali crossing over to Mahathir
07/11/2018 20:50
kahhoeng Does that mean Selangor state government going to compensate Puncak?!?

http://www.theedgemarkets.com/article/azmin-ali-withdraws-counterclaim-appeal-against-puncak-niaga

KUALA LUMPUR (Nov 7): Former Selangor Menteri Besar Datuk Seri Azmin Ali has withdrawn a counterclaim against Puncak Niaga Holdings Bhd in the Court of Appeal which relates to its RM14 billion lawsuit against him and his predecessor Tan Sri Khalid Ibrahim.

“Puncak wishes to announce to the Exchange that the hearing of Datuk Seri Azmin’s appeal to the Court of Appeal against the High Court's decision in dismissing his counterclaim against Puncak that was scheduled on November 5, 2018 was vacated as Datuk Seri Azmin had withdrawn the said appeal,” the company said in a brief filing with Bursa today.

This comes after almost a year-long lawsuit which started last November when Puncak Niaga filed an RM14 billion lawsuit against Azmin -- who is now the Economic Affairs Minister -- as well as Khalid. The company claimed they had abused their powers in public office during their time as Selangor Menteri Besar by threatening to cause, or attempting to cause, the federal government to invoke the use of the Water Services Industry Act 2006 (WSIA) to force a take-over of the state’s water industry
07/11/2018 20:56
SexyE Nation11 Nov 2018 12:48 PM

More veteran leaders will join Bersatu, says Rais
BY FATIMAH ZAINAL

KUALA LUMPUR: More veteran leaders from several states are expected to join Parti Pribumi Bersatu Malaysia, says Tan Sri Dr Rais Yatim.

Its Negri Sembilan chief, however, declined to divulge names, saying that the party leadership is currently vetting the names of those interested.

"I can't say who they are because this will complicate matters. An agreement has been requested so that we don't make any premature announcements that will affect certain individuals. We just wait.


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"There are many of them but it's not right to give out their names because they choose according to their own time and schedule.

"At a certain time, they will give their own comments," said Dr Rais when met after the launch of the art exhibition Splendours of Malaysia - Paintings of Ethnic Cultures of the Land at Wisma Kebudayaan Soka Gakkai Malaysia (SGM) here on Sunday (11 Nov).

Dr Rais said former Wanita Umno chief and former international trade and industry minister Tan Sri Rafidah Aziz, who recently expressed her wish to join Bersatu, chose to do so in her own time and pace.

"So will be the case with several veteran politicians from Johor, Kelantan and even Kedah, who have voiced out their views and wish (to join Bersatu)," said Dr Rais.

He said the names will be decided by the leadership as it takes time to vet the candidates to ensure that they are not involved in wrongdoings such as graft.

"It will be done in stages according to states. There are also young ones looking to join, and not just veterans," he said.

However, he said that as Prime Minister Tun Dr Mahathir Mohamad had warned before, their entrance into the party must be made sincerely and with good intentions, and not to gain positions.

Destructive old habits such as corruption and sidelining the Federal Constitution must be left behind by those who wish to join the party, he said.

Dr Rais added that what was important for the party was to modify the administration of its headquarters.

He said this is to improve its productivity as there had been issues where membership registrations took a long time and so did the issuance of membership cards.

Earlier, Dr Mahathir launched the art exhibition by renowned local artists Ismail Embong and his daughter actress Emma Maembong.
11/11/2018 17:44
SexyE In d recent agm tan sri rozali reminiscent on how tun dr mahathir granting him d syabas concession previously where tun told him to take good care of d syabas concession for d whole of life time. But now syabas concession no more. 

Tan sri was confident of getting some of d water projects soon going forward.
11/11/2018 17:56
JJchan It is irony people like Rozali would like to take photo with Mahathir when Pakatan took the Trophy.
Before that he was kneeling under Najib table, collecting all the marbles that Najib drops
21/11/2018 12:50
rogers123 Jjchan: U appeared again? U appeared at here means this stock will fall
21/11/2018 20:36
Edward Wong so low the prs.!
27/11/2018 23:31
Daily8 Puncak 0.43

Puncak result is in fact improving compared to the last year 30/9/2017. The cash and cash equivalents have heightened and improved significantly to 595mil from 238mil.

Both operating expenses for construction and plantation dragged by losses but the losses have improved quite significantly. Concessions expenses are high too maybe newly invested.

TRIPLC after May 2018, has become wholely own subsidiary by Puncak which is another good news.
28/11/2018 18:51
rogers123 Hahaha. Cash improved from 238 million to 595 million. But Liabilities has increased from 574 million to 1680 million. Welldone Daily8!
28/11/2018 23:28
Daily8 rogers123, why well done me? It's according to the report. Are you shareholder of Puncak? It seems like you're here to tarnish and badmouth stock.
29/11/2018 15:53
Richard Hiew roger/daily..... qrtly report says cash increased b cos of loan draw down.
i wonder what co wants to do with more borrowed money
30/11/2018 15:31
Richard Hiew i also wonder how long the management will continue with losses, abeilt "impoved losses''
'
30/11/2018 15:34
Daily8 The material litigation to sue Azmin and Khalid due to the WASIA ACT needed to be executed. Then, next the company may need to do impairment. Now, question is,what is Rozali going to do with Puncak?
03/12/2018 20:46
kilrathi what is the analysis with Puncak ?? anyone in the knows here ?
05/12/2018 12:06
Daily8 The damaged that done during Azmin Ali as the menteri Besar Selangor have scarred Puncak share price. Therefore, the litigation going on, determining Puncak winning the case will post a clearer picture for Puncak shareprice direction.
10/12/2018 17:27
kahhoeng Damage not done Azmin Ali. It's Rozali's 'who knows what' few hundred million impairment + crazily priced plantation deal + others that investors got scared...
11/12/2018 19:56
Daily8 u still hold Kahheong?
12/12/2018 12:49
kahhoeng Yes
12/12/2018 21:57
firehawk is good some one points out cash improved but liabilities also deteriorated ... for so many years, ppl here only telling the good side of the story, high NTA, cash rich ..... etc. not only they are in huge loss now, those follow their opinion also suffered.

While anyone try to tell the bad side of the story, those "experts" (pretending know very well about Puncak) would scold them and piss them off from the forum ......
13/12/2018 16:55
Daily8 Realistically, I don't know the direction of Puncak. After the water issue in year 2015, Puncak slide till nobody know what is next. No projects, no income, the Director doesn't seem to initiate progress. The best part is, it's high cash.

Does this company have corruption issue going on?
13/12/2018 17:11
Daily8 Now the whole market is going nuts with correction already setting in. Almost 90% people who have entered the market long time are deepened by losses.
13/12/2018 17:13
kilrathi Puncak daily going lower ... whats the story ?
13/12/2018 23:45
Daily8 material litigation, lesser profit and more seller.
15/12/2018 19:13
Daily8 no business development
15/12/2018 19:13
Daily8 after litigation forsee impairment
15/12/2018 19:21
loke1024 Buy n keep cause high cash company. If bankrupt they will pay u 1.20
19/12/2018 08:38
Daily8 Very shameful for a cash rich company to be in this state.
19/12/2018 12:18
5SenDividend Rozali better be starting to do the right things otherwise till the day he dies, which may not be exactly that far ahead, he will not get to enjoy the high cash in hand, and the share price will remain depressed.

Also, the real possibility that he may lose the company when he is gone as his son is not interested and not as capable.

Rozali should start immediately by paying at least a 5 sen interim dividend now, which the company can afford, and to make paying a 5 sen dividend a yearly payment.

All shareholders should write in to Rozali for him to wise up.
21/12/2018 21:12
kahhoeng You guys must be joking, money already in his pocket...
23/12/2018 11:50
kilrathi some movement today?
24/12/2018 15:59
SexyE Muhhibah's almost completed port contract too got cancelled by PH, Puncak's UITM contracts very likely will be terminated.
18/01/2019 14:44
Daily8 A public listed company like Puncak if money in Rozali pocket, time to launch BURSA QUERY.
20/01/2019 22:37
commonsense Those that are invested in this company did so because of the very high cash balance in the company’s books amounting to RM833.6mil (inclusive of short-term investment). They hope that the company will reward investors later by paying higher dividends.

I doubt Tan Sri Rozali will do that. He would most probably try to use the money to buy businesses that could contribute to the company’s profit later in the future. The problem with this strategy is the investment horizon of the company’s acquisitions are a lot longer than what some investors are willing to wait. Take the acquisition of the plantation business from Shin Yang which the company paid around RM250mil back in 2017. Till now the venture has yet to record any profit with losses increasing to RM49mil in 9m18. It would be a while before investors can see any meaningful profit from this venture given that most of the plantation land is still vacant so the company will need to spend capex for the planting of palm trees. Till the trees matured, investors need to expect that the division will continuously record losses in the near future.

Other businesses like the construction and O&G divisions also failed to take off with combined losses of RM13.2mil for the 9m18 period. Given the current market uncertainties, I doubt that these 2 divisions will be able to deliver any meaningful profit in FY19.

The only bright spot is the UiTM concession business with PBT of RM17.4mil for 9m18. Normally the profit should actually go up in the future in tandem of the concession agreement. It seems that the only business where the company can actually perform are concession type businesses. This might be a challenge in the future given the change of the government to Pakatan Harapan. Tan Sri Rozali was previously the UMNO treasurer for Selangor which some people say is why he got the Syabas (Puncak sold it to Selangor state for RM1.4bil) and Puncak Alam UiTM concession in the past.

If you are looking to diversify your portfolio outside of Puncak Niaga (due to its earnings uncertainties) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. I am projecting a profit to shareholder of RM160 mil for FY19 which at the current price values MBMR at only 6.2x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analyst is around RM3.50.

Good luck.
22/01/2019 11:51
rogers123 Within this year Rozali will give an offer to Puncak minority and take over the company. Kahheong will suffer a big loss
25/01/2019 10:41
SexyE It maybe good for the concessions to be terminated as the compensation can then be used to pay a special dividend.

The concessions income is not helping the share price anyway.
27/01/2019 12:06
Daily8 rogers123, u better shut up lah, always give Kah Heong negative comments.
15/02/2019 15:12
rogers123 Daily8: u got stucked in puncak too? like kahheong? Hahaha. Rozali privatise the company is good for u all
19/02/2019 18:46


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