Highlights
KLSE: KPS (5843)       KUMPULAN PERANGSANG SELANGOR MAIN : Utilities
Last Price Today's Change   Day's Range   Trading Volume
1.40   0.00 (0.00%)  0.00 - 0.00  0
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Financials


Market Cap: 763 Million

Market Cap 763 Million
NOSH 545 Million

Latest Audited Result:  31-Dec-2017

Latest Audited Result: 31-Dec-2017
Announcement Date 25-Apr-2018
Next Audited Result: 31-Dec-2018
Est. Ann. Date: 25-Apr-2019
Est. Ann. Due Date: 29-Jun-2019

Latest Quarter:  31-Dec-2018 [#4]

Latest Quarter: 31-Dec-2018 [#4]
Announcement Date 28-Feb-2019
Next Quarter: 31-Mar-2019
Est. Ann. Date: 30-May-2019
Est. Ann. Due Date: 30-May-2019
QoQ | YoY   106.35%  |    257.22%

Annual (Unaudited) ( EPS: -38.30, P/E: -3.71 )

Revenue | NP to SH 582,113  |  -205,623
RPS | P/RPS 108.32 Cent  |  1.31
EPS | P/E | EY -38.30 Cent  |  -3.71  |  -26.97%
DPS | DY | Payout % 4.25 Cent  |  3.04%  |  - %
NAPS | P/NAPS 2.11  |  0.66
YoY   -462.91%
NP Margin | ROE -33.81%  |  -18.13%
F.Y. | Ann. Date 31-Dec-2018  |  28-Feb-2019

T4Q Result ( EPS: -38.26, P/E: -3.71 )

Revenue | NP to SH 582,113  |  -205,623
RPS | P/RPS 108.32 Cent  |  1.31
EPS | P/E | EY -38.26 Cent  |  -3.71  |  -26.97%
DPS | DY | Payout % 4.25 Cent  |  3.04%  |  - %
NAPS | P/NAPS 2.11  |  0.66
QoQ | YoY   12.18%  |    -462.91%
NP Margin | ROE -33.81%  |  -18.13%
F.Y. | Ann. Date 31-Dec-2018  |  28-Feb-2019

Annualized Result ( EPS: -38.30, P/E: -3.71 )

Revenue | NP to SH 582,113  |  -205,623
RPS | P/RPS 108.32 Cent  |  1.31
EPS | P/E | EY -38.30 Cent  |  -3.71  |  -26.97%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   30.86%  |    -462.91%
NP Margin | ROE -33.81%  |  -18.13%
F.Y. | Ann. Date 31-Dec-2018  |  28-Feb-2019


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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Dec-2018 28-Feb-2019 31-Dec-2018 4 171,349 29,042 22,030 17,429 - 1,133,882 - % 12.86% 1.54% 537,385 31.89 31.89 3.20 3.20 0.00 0.00 2.1100 2.11   106.35%   257.22% 31-Dec-2018 1.21 3.79 37.31 0.57 2.68% 0.00% 28-Feb-2019 1.35 4.23 41.62 0.64 2.40% 0.00%
31-Dec-2018 29-Nov-2018 30-Sep-2018 3 153,644 -265,865 -272,470 -274,574 - 1,117,760 - % -177.34% -24.56% 537,385 28.59 28.59 -51.10 -51.10 0.00 0.00 2.0800 2.08   -816.75%   -2,233.94% 28-Sep-2018 1.62 5.67 -3.17 0.78 -31.54% 0.00% 29-Nov-2018 1.33 4.65 -2.60 0.64 -38.42% 0.00%
31-Dec-2018 29-Aug-2018 30-Jun-2018 2 161,279 41,591 39,433 38,308 22,838 1,391,827 59.62% 24.45% 2.75% 537,385 30.01 30.01 7.10 7.10 4.25 4.25 2.5900 2.59   189.90%   10.49% 29-Jun-2018 1.68 5.60 23.57 0.65 4.24% 2.53% 29-Aug-2018 1.67 5.56 23.43 0.64 4.27% 2.54%
31-Dec-2018 30-May-2018 31-Mar-2018 1 95,841 15,546 14,204 13,214 - 1,372,261 - % 14.82% 0.96% 499,004 19.21 17.83 2.60 2.46 0.00 0.00 2.7500 2.55   219.20%   -34.61% 30-Mar-2018 1.26 6.56 47.58 0.46 2.10% 0.00% 30-May-2018 1.67 8.69 63.06 0.61 1.59% 0.00%
31-Dec-2017 27-Feb-2018 31-Dec-2017 4 123,717 -6,401 -9,117 -11,086 - 1,362,280 - % -7.37% -0.81% 499,004 24.79 23.02 -2.20 -2.06 0.00 0.00 2.7300 2.54   -186.16%   61.68% 29-Dec-2017 1.30 5.24 -58.52 0.48 -1.71% 0.00% 27-Feb-2018 1.32 5.32 -59.42 0.48 -1.68% 0.00%
31-Dec-2017 29-Nov-2017 30-Sep-2017 3 85,602 14,672 13,512 12,867 - 1,372,261 - % 15.78% 0.94% 499,004 17.15 15.93 2.60 2.39 0.00 0.00 2.7500 2.55   -62.89%   153.14% 29-Sep-2017 1.43 8.34 55.46 0.52 1.80% 0.00% 29-Nov-2017 1.35 7.87 52.36 0.49 1.91% 0.00%
31-Dec-2017 29-Aug-2017 30-Jun-2017 2 75,948 37,615 35,591 34,671 21,207 1,362,280 61.17% 46.86% 2.55% 499,004 15.22 14.13 6.90 6.45 4.25 3.95 2.7300 2.54   71.57%   0.55% 30-Jun-2017 1.41 9.26 20.29 0.52 4.93% 3.01% 29-Aug-2017 1.30 8.54 18.71 0.48 5.34% 3.27%
31-Dec-2017 31-May-2017 31-Mar-2017 1 76,756 22,343 21,199 20,208 - 1,347,310 - % 27.62% 1.50% 499,004 15.38 14.28 4.00 3.76 0.00 0.00 2.7000 2.51   169.86%   -82.64% 31-Mar-2017 1.38 8.97 34.08 0.51 2.93% 0.00% 31-May-2017 1.45 9.43 35.81 0.54 2.79% 0.00%
31-Dec-2016 28-Feb-2017 31-Dec-2016 4 62,914 -25,490 -28,803 -28,927 - 1,327,350 - % -45.78% -2.18% 499,004 12.61 11.71 -5.80 -5.38 0.00 0.00 2.6600 2.47   -19.46%   -301.25% 30-Dec-2016 1.20 9.52 -20.70 0.45 -4.83% 0.00% 28-Feb-2017 1.18 9.36 -20.36 0.44 -4.91% 0.00%
31-Dec-2016 29-Nov-2016 30-Sep-2016 3 35,486 -17,958 -22,460 -24,215 9,980 1,352,300 - % -63.29% -1.79% 499,004 7.11 6.60 -4.90 -4.51 2.00 1.86 2.7100 2.52   -170.23%   -195.85% 30-Sep-2016 1.27 17.86 -26.17 0.47 -3.82% 1.57% 29-Nov-2016 1.17 16.45 -24.11 0.43 -4.15% 1.71%
31-Dec-2016 25-Aug-2016 30-Jun-2016 2 26,907 37,055 35,970 34,482 9,980 1,377,251 28.94% 133.68% 2.50% 499,004 5.39 5.01 6.90 6.42 2.00 1.86 2.7600 2.56   -70.38%   19.45% 30-Jun-2016 1.00 18.55 14.47 0.36 6.91% 2.00% 25-Aug-2016 1.08 20.03 15.63 0.39 6.40% 1.85%
31-Dec-2016 30-May-2016 31-Mar-2016 1 19,190 119,414 117,152 116,425 - 1,352,300 - % 610.48% 8.61% 499,004 3.85 3.57 23.30 21.67 0.00 0.00 2.7100 2.52   709.97%   474.43% 31-Mar-2016 1.07 27.82 4.59 0.39 21.81% 0.00% 30-May-2016 1.00 26.00 4.29 0.37 23.33% 0.00%
31-Dec-2015 26-Feb-2016 31-Dec-2015 4 21,249 95 16,171 14,374 - 1,237,529 - % 76.10% 1.16% 499,004 4.26 3.95 2.80 2.67 0.00 0.00 2.4800 2.30   275.61%   -54.66% 31-Dec-2015 1.16 27.24 40.27 0.47 2.48% 0.00% 26-Feb-2016 1.00 23.48 34.72 0.40 2.88% 0.00%
31-Dec-2015 26-Nov-2015 30-Sep-2015 3 68,810 -3,407 -7,642 -8,185 - 1,222,559 - % -11.11% -0.67% 499,004 13.79 12.80 -1.60 -1.52 0.00 0.00 2.4500 2.28   -128.35%   -133.36% 30-Sep-2015 1.27 9.21 -77.43 0.52 -1.29% 0.00% 26-Nov-2015 1.23 8.92 -74.99 0.50 -1.33% 0.00%
31-Dec-2015 27-Aug-2015 30-Jun-2015 2 18,094 36,304 29,288 28,868 9,980 1,227,549 34.57% 161.87% 2.35% 499,004 3.63 3.37 5.80 5.37 2.00 1.86 2.4600 2.28   42.43%   -19.95% 30-Jun-2015 1.41 38.89 24.37 0.57 4.10% 1.42% 27-Aug-2015 1.19 32.82 20.57 0.48 4.86% 1.68%
31-Dec-2015 28-May-2015 31-Mar-2015 1 22,546 23,418 21,119 20,268 9,980 1,212,579 49.24% 93.67% 1.67% 499,004 4.52 4.20 4.10 3.77 2.00 1.86 2.4300 2.26   -36.06%   -12.92% 31-Mar-2015 1.50 33.20 36.93 0.62 2.71% 1.33% 28-May-2015 1.45 32.09 35.70 0.60 2.80% 1.38%
31-Dec-2014 26-Feb-2015 31-Dec-2014 4 22,186 52,232 31,548 31,700 - 1,202,599 - % 142.20% 2.64% 499,004 4.45 4.13 6.30 5.90 0.00 0.00 2.4100 2.24   29.22%   396.59% 31-Dec-2014 1.46 32.84 22.98 0.61 4.35% 0.00% 26-Feb-2015 1.56 35.09 24.56 0.65 4.07% 0.00%
31-Dec-2014 27-Nov-2014 30-Sep-2014 3 76,940 29,564 25,319 24,532 - 1,157,689 - % 32.91% 2.12% 499,004 15.42 14.32 4.90 4.57 0.00 0.00 2.3200 2.15   -31.97%   -89.28% 30-Sep-2014 1.53 9.92 31.12 0.66 3.21% 0.00% 27-Nov-2014 1.46 9.47 29.70 0.63 3.37% 0.00%
31-Dec-2014 28-Aug-2014 30-Jun-2014 2 76,870 31,883 36,982 36,061 9,980 1,132,739 27.68% 48.11% 3.18% 499,004 15.40 14.30 7.20 6.71 2.00 1.86 2.2700 2.11   54.94%   54.95% 30-Jun-2014 1.68 10.91 23.25 0.74 4.30% 1.19% 28-Aug-2014 1.53 9.93 21.17 0.67 4.72% 1.31%
31-Dec-2014 22-May-2014 31-Mar-2014 1 73,095 29,017 23,801 23,274 9,980 1,107,788 42.88% 32.56% 2.10% 499,004 14.65 13.60 4.70 4.33 2.00 1.86 2.2200 2.06   317.76%   5.98% 31-Mar-2014 1.65 11.26 35.38 0.74 2.83% 1.21% 22-May-2014 1.51 10.31 32.38 0.68 3.09% 1.32%
31-Dec-2013 26-Feb-2014 31-Dec-2013 4 88,066 -10,882 -13,628 -10,688 128,961 1,104,084 - % -15.47% -0.97% 504,148 17.47 16.39 -2.10 -1.99 25.58 24.00 2.1900 2.05   -104.67%   -166.73% 31-Dec-2013 1.92 10.99 -90.57 0.88 -1.10% 13.32% 26-Feb-2014 1.88 10.76 -88.68 0.86 -1.13% 13.61%
31-Dec-2013 29-Nov-2013 30-Sep-2013 3 76,389 244,322 229,737 228,943 127,645 1,097,808 55.75% 300.75% 20.85% 499,004 15.31 14.21 45.90 42.60 25.58 23.75 2.2000 2.04   883.73%   1,550.87% 30-Sep-2013 2.32 15.16 5.06 1.05 19.78% 11.03% 29-Nov-2013 2.18 14.24 4.75 0.99 21.05% 11.73%
31-Dec-2013 30-Aug-2013 30-Jun-2013 2 76,094 35,868 22,090 23,273 19,110 1,156,188 82.11% 29.03% 2.01% 477,764 15.93 14.16 4.90 4.33 4.00 3.56 2.4200 2.15   5.98%   -20.85% 28-Jun-2013 1.42 8.92 29.15 0.59 3.43% 2.82% 30-Aug-2013 1.91 11.99 39.21 0.79 2.55% 2.09%
31-Dec-2013 30-May-2013 31-Mar-2013 1 61,925 23,913 25,951 21,960 - 1,160,060 - % 41.91% 1.89% 477,391 12.97 11.52 4.60 4.09 0.00 0.00 2.4300 2.16   648.04%   11.17% 29-Mar-2013 1.01 7.79 21.96 0.42 4.55% 0.00% 30-May-2013 1.36 10.48 29.57 0.56 3.38% 0.00%
31-Dec-2012 27-Feb-2013 31-Dec-2012 4 78,533 -4,741 -3,186 -4,007 - 1,155,490 - % -4.06% -0.35% 485,499 16.18 14.61 -0.80 -0.75 0.00 0.00 2.3800 2.15   -128.89%   87.43% 31-Dec-2012 0.91 5.63 -110.26 0.38 -0.91% 0.00% 27-Feb-2013 1.03 6.37 -124.80 0.43 -0.80% 0.00%
31-Dec-2012 30-Nov-2012 30-Sep-2012 3 65,556 22,587 11,368 13,868 - 1,124,758 - % 17.34% 1.23% 478,620 13.70 12.20 2.90 2.58 0.00 0.00 2.3500 2.09   -52.83%   -75.41% 28-Sep-2012 0.95 6.94 32.79 0.40 3.05% 0.00% 30-Nov-2012 0.92 6.72 31.75 0.39 3.15% 0.00%
31-Dec-2012 30-Aug-2012 30-Jun-2012 2 66,365 27,795 33,456 29,402 9,484 1,090,719 32.26% 50.41% 2.70% 474,225 13.99 12.35 6.20 5.47 2.00 1.76 2.3000 2.03   48.84%   -9.06% 29-Jun-2012 1.03 7.36 16.61 0.45 6.02% 1.94% 30-Aug-2012 1.00 7.15 16.13 0.43 6.20% 2.00%
31-Dec-2012 30-May-2012 31-Mar-2012 1 65,099 32,757 18,471 19,754 19,272 1,084,061 97.56% 28.37% 1.82% 481,804 13.51 12.11 4.10 3.68 4.00 3.59 2.2500 2.02   161.98%   637.09% 30-Mar-2012 1.02 7.55 24.88 0.45 4.02% 3.92% 30-May-2012 1.01 7.48 24.63 0.45 4.06% 3.96%
31-Dec-2011 29-Feb-2012 31-Dec-2011 4 117,071 -45,973 -39,291 -31,870 9,546 1,088,253 - % -33.56% -2.93% 477,304 24.53 21.79 -6.70 -5.93 2.00 1.78 2.2800 2.03   -156.51%   -461.19% 30-Dec-2011 0.91 3.71 -13.63 0.40 -7.34% 2.20% 29-Feb-2012 1.10 4.48 -16.47 0.48 -6.07% 1.82%
31-Dec-2011 30-Nov-2011 30-Sep-2011 3 82,413 79,228 71,552 56,396 9,558 1,113,581 16.95% 86.82% 5.06% 477,932 17.24 15.34 11.80 10.49 2.00 1.78 2.3300 2.07   74.43%   268.65% 30-Sep-2011 0.82 4.76 6.95 0.35 14.39% 2.44% 30-Nov-2011 0.93 5.39 7.88 0.40 12.69% 2.15%
31-Dec-2011 25-Aug-2011 30-Jun-2011 2 110,066 43,168 33,211 32,332 9,509 1,065,054 29.41% 30.17% 3.04% 475,470 23.15 20.48 6.80 6.02 2.00 1.77 2.2400 1.98   979.06%   61.42% 30-Jun-2011 1.13 4.88 16.62 0.50 6.02% 1.77% 25-Aug-2011 0.93 4.02 13.68 0.42 7.31% 2.15%
31-Dec-2011 31-May-2011 31-Mar-2011 1 112,607 -9,310 -20,236 -3,678 - 1,011,450 - % -17.97% -0.36% 459,749 24.49 20.95 -0.80 -0.68 0.00 0.00 2.2000 1.88   35.24%   -118.17% 31-Mar-2011 1.23 5.02 -153.75 0.56 -0.65% 0.00% 31-May-2011 1.08 4.41 -135.00 0.49 -0.74% 0.00%
31-Dec-2010 23-Feb-2011 31-Dec-2010 4 113,753 -4,451 -15,765 -5,679 - 962,115 - % -13.86% -0.59% 490,874 23.17 21.17 -1.20 -1.06 0.00 0.00 1.9600 1.79   -137.12%   -119.78% 30-Dec-2010 1.35 5.83 -116.69 0.69 -0.86% 0.00% 23-Feb-2011 1.26 5.44 -108.91 0.64 -0.92% 0.00%
31-Dec-2010 29-Nov-2010 30-Sep-2010 3 59,977 15,781 12,925 15,298 - 943,900 - % 21.55% 1.62% 471,950 12.71 11.16 3.20 2.85 0.00 0.00 2.0000 1.76   -23.62%   -24.82% 30-Sep-2010 1.40 11.02 43.19 0.70 2.32% 0.00% 29-Nov-2010 1.33 10.47 41.03 0.67 2.44% 0.00%
31-Dec-2010 25-Aug-2010 30-Jun-2010 2 166,771 29,388 24,594 20,030 18,901 945,066 94.37% 14.75% 2.12% 472,533 35.29 31.03 4.20 3.73 4.00 3.52 2.0000 1.76   -1.03%   21.53% 30-Jun-2010 1.33 3.77 31.38 0.67 3.19% 3.01% 25-Aug-2010 1.34 3.80 31.61 0.67 3.16% 2.99%
31-Dec-2010 27-May-2010 31-Mar-2010 1 99,479 27,046 24,935 20,238 - 960,400 - % 25.07% 2.11% 480,200 20.72 18.51 4.30 3.77 0.00 0.00 2.0000 1.79   -29.51%   202.65% 31-Mar-2010 1.44 6.95 34.17 0.72 2.93% 0.00% 27-May-2010 1.25 6.03 29.66 0.63 3.37% 0.00%
31-Dec-2009 25-Feb-2010 31-Dec-2009 4 147,830 66,149 76,408 28,709 - 945,492 - % 51.69% 3.04% 472,746 31.27 27.51 6.00 5.34 0.00 0.00 2.0000 1.76   41.09%   157.77% 31-Dec-2009 1.38 4.41 22.72 0.69 4.40% 0.00% 25-Feb-2010 1.38 4.41 22.72 0.69 4.40% 0.00%
31-Dec-2009 25-Nov-2009 30-Sep-2009 3 69,511 13,616 23,899 20,348 - 936,954 - % 34.38% 2.17% 473,209 14.69 12.94 4.30 3.79 0.00 0.00 1.9800 1.74   23.46%   71.11% 30-Sep-2009 1.74 11.85 40.47 0.88 2.47% 0.00% 25-Nov-2009 1.48 10.08 34.42 0.75 2.91% 0.00%
31-Dec-2009 28-Aug-2009 30-Jun-2009 2 65,767 36,234 26,775 16,482 18,836 913,573 114.29% 40.71% 1.80% 470,914 13.97 12.24 3.50 3.07 4.00 3.51 1.9400 1.70   146.48%   -14.54% 30-Jun-2009 2.11 15.11 60.29 1.09 1.66% 1.90% 28-Aug-2009 1.86 13.32 53.14 0.96 1.88% 2.15%
31-Dec-2009 28-May-2009 31-Mar-2009 1 61,961 812 874 6,687 - 926,627 - % 1.41% 0.72% 477,642 12.97 11.53 1.40 1.24 0.00 0.00 1.9400 1.72   113.46%   -52.29% 31-Mar-2009 1.40 10.79 100.00 0.72 1.00% 0.00% 28-May-2009 1.94 14.96 138.57 1.00 0.72% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  10 people like this.
 
upsidedown119 Jaws2 tomorrow?
14/03/2019 4:47 PM
cocqueen yup...Jaws 2 tmoorow !!
14/03/2019 4:53 PM
goodguess not many sellers...good sign
14/03/2019 5:11 PM
calvinteo Ini kalilah...special dividend?

up 10 sen with low volume transacted.
14/03/2019 9:09 PM
upsidedown119 Just ignore Fart2. Don't even waste time reading his farts.
14/03/2019 9:46 PM
IronShirt Roger why you show your Boss purchases to us.
14/03/2019 9:46 PM
deMusangking kumom show green!
15/03/2019 11:01 AM
IronShirt Sharks attack Gamuda yesterday to go-in,,,,today all Companies that will benefit from Splash goes
Green,,,,news had spread
15/03/2019 11:04 AM
upsidedown119 Jaws 2 coming?
15/03/2019 11:07 AM
keyin Holland la
15/03/2019 1:05 PM
cocqueen jaws 2
15/03/2019 4:02 PM
deMusangking kummon, show green in closing, Mr. Pilot!!!!
15/03/2019 4:04 PM
upsidedown119 No lah, profiteering little fishes today.
15/03/2019 4:38 PM
upsidedown119 But Jaws 2 on Monday?
15/03/2019 4:59 PM
upsidedown119 KYY forced sell on Jaks. But this is KPS forum.
16/03/2019 12:40 AM
deMusangking really Miss KPS is obedient!! closed in green!!! anyway thanks! that's y i like Miss KPS!
hope Miss KPS up another 10 sen next week to show ur beauty!!!
16/03/2019 8:11 AM
deMusangking i want Miss KPS to be more beautiful by upping another 10 sen next week!!!!!
i hope Miss KPS will answer my prayer!

haha
16/03/2019 8:29 PM
ckh823 Splash completion is coming. Get ready...
16/03/2019 11:13 PM
yip_8988 Old new nothing surprise.
17/03/2019 12:01 AM
keyin Don't know why all so stupid.,splash news nothing special
17/03/2019 12:46 AM
ckh823 I don't get your meaning. Would you mind to explain further?
17/03/2019 8:29 AM
ckh823 https://www.theedgemarkets.com/article/bumper-dividend-cards-kps-splash-sale

According to CIMB Research analysts Sharizan Rosely and Kamarul Anwar, the impact on earnings excluding the 30% share of SPLASH’s net profit and the potential impairment is significant but this is likely to be mitigated by a potential special dividend.

Based on the offer, Pengurusan Air Selangor Sdn Bhd (Air Selangor) will make an upfront payment of RM1.9 billion upon the signing of the definitive agreement with the remaining RM650 million being paid in instalments over a period of nine years.

KPS, which owns 30% of SPLASH, is expected to receive an upfront cash payment of RM570 million or about RM1.06 per share with the remaining RM195 million to be paid in instalments over a period of nine years. This would increase the cash and bank balances for KPS to RM651.6 million, an increase of 7.99 times from RM81.6 million as at March 31 this year.

In the event that 50% of the upfront sale proceeds received from the disposal of SPLASH is paid as a bumper special dividend, shareholders could see a dividend per share of 53 sen which works out to a whopping yield of about 29.6% based on KPS’ closing price of RM1.79 yesterday.

A fund manager with a local asset management agreed with CIMB Research that a bumper dividend is likely to be given out to shareholders given the strong cash balance following the disposal of SPLASH.

“If you look at the announcement made by KPS, they have also indicated that the sale of SPLASH could help the group to focus on their core businesses,” he said, pointing out that channel checks suggested that the management might allocate 50% of the cash proceeds as a one-time special dividend for shareholders, with the remaining being utilised for its business expansion.

He, however, cautioned that the group’s borrowings had increased by the end of March with a net gearing at about 0.39 times compared with about 0.20 times as at Dec 31, 2017.

CIMB Research has also done a sensitivity analysis on a hypothetical special dividend payout, which shows that the dividend potentially yielding about 3% to 17% for KPS’ shareholders if about 5% to 30% of the RM570 million upfront sale proceeds is paid as special dividends.

Nonetheless, the market appeared to have reacted negatively to the potential sale of SPLASH as KPS’ share price fell by 5.79% or 11 sen to RM1.79 with about 15.5 million shares traded.

An analyst who requested anonymity due to the sensitivity of the matter, said that the decline is likely driven by traders who have bought into KPS prior to the 14th general election. KPS’ last price on May 8 — a day before polling day — was RM1.26 and it has been on an uptrend since.

“If you look at the last one year, trading volume probably peaked at about six million but the volume was 15.5 million today, which is more than eight times its 30-day average volume of less than two million. It just shows that there is still a lot of interest in the stock as market participants are anticipating a potential bumper dividend,” he said.
17/03/2019 8:43 AM
ckh823 Please don't simply said something without any fact. I have no idea good or bad after the splash deal is done. It is depends the management decision wheather want to declare the special dividend. Unless you are the CEO. I only know the splash deal would give a significant impact on share price. Good chance to make money and worth to spend some time to monitor this counter. Please give me your research detail and don't simply talk crab because try to bring out the negative emotion. Give me a chance to respect you.
17/03/2019 8:52 AM
yip_8988 Everybody expect KPS reward special Dividend,in the end get nothing.
17/03/2019 2:58 PM
IronShirt Maybe got nothing from Splash, but got a 1 billion Contract for pipe replacement in 2019 out of the
budgeted 7 billion in 10 years (4Q18 report indicate 7 Trials replacement in Selangor in 2018, completed)
17/03/2019 3:07 PM
ckh823 Worth to spend sometime and monitor...
17/03/2019 3:56 PM
cocqueen in any mkt it is perfectly fine to hv opposing views, there is always a bull &a bear , if it drops the bear will cheer and laugh at the bull and vice versa...only time will tell who is right or wrong....
18/03/2019 9:01 AM
deMusangking common Miss KPS, show ur greenness now!!!!
18/03/2019 9:06 AM
upsidedown119 Where is Jaws 2?
18/03/2019 11:14 AM
IronShirt PETALING JAYA: The deal by the Selangor government to buy Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash) would lead to the replacement of old water pipes in the state, analysts said.

The political deadlock between the Federal and state governments over water assets has stood in the way of the water pipe replacement programme in Selangor.

image: https://www.thestar.com.my/news/nation/2018/08/04/water-pipe-replacement-a-sure-thing-with-takeover/~/media/801c1e3d21a24c109f8dbd9326343489.ashx?h=1116&w=200


CIMB Research said if the Splash deal is successful, it would lead to dealing with non-revenue water (NRW) losses and new water treatment plant capacities, and a full-cost recovery model possibly through a scheduled water tariff increase.

“This will address the cash-flow deficit and unpaid receivables along the entire water treatment and distribution supply chain,” it said in its July report.

Meanwhile, RHB Research reckoned that the new Government wants to emphasise pipe replacement in Selangor.

“This is due to the severity of the various water crises that have impacted the state in recent times – it reported 49.4% of the water disruption cases nationwide,” it said in a report last month.

It is understood that the RM1bil pipe replacement programme in Selangor is part of the RM10bil nationwide pipe replacement programme.

Repair work has not been carried out as new contracts were frozen because of the stalemate between the Selangor government and Splash.

The nagging issue that is holding back the takeover of Splash is its valuation.

Following years of delay, substantial work can finally begin following the successful consolidation of all four of the state’s water concessionaires into a single entity under Air Selangor.

Nonetheless, CIMB said that the sustainable recovery in Selangor’s structural water issues could only be realised if the Splash deal is wrapped up for good.

It said that the last water tariff hike was in 2006, which lifted household water rates by 13%-18% and commercial rates by 15%-19%.

Usage of the first 20 cubic metres of water remains free.

Splash shareholders comprise Gamuda Bhd, which owns a 40% stake, while Sweet Water SPV Sdn Bhd and Viable Chip Sdn Bhd with 30% each.

Sweet Water is the private vehicle of businessman Tan Sri Wan Azmi Wan Hamzah.


Read more at https://www.thestar.com.my/news/nation/2018/08/04/water-pipe-replacement-a-sure-thing-with-takeover/#GpGLufyCh6ioRE4G.99
18/03/2019 1:01 PM
crownford_bl Thinking to buy some.... Any suggestion?
18/03/2019 2:46 PM
yip_8988 Waste time.
18/03/2019 3:33 PM
Bullish Buy
18/03/2019 3:33 PM
cocqueen hint....look at gamuda
18/03/2019 3:41 PM
upsidedown119 Wait for Jaws 2....coming.
18/03/2019 3:55 PM
upsidedown119 Go by the charts...
19/03/2019 10:29 AM
keyin Crashed
19/03/2019 12:44 PM
yip_8988 Told your already is a trap
19/03/2019 12:46 PM
upsidedown119 Not yet a trap.
19/03/2019 1:29 PM
keyin U turn government can't trust too much. Crashed
19/03/2019 7:55 PM
deMusangking aiyo, up onli 1 sen??? 10 sen lah!!!!
20/03/2019 9:42 AM
upsidedown119 No Jaws 2, so likely back to 1.30 or lower.
20/03/2019 11:19 AM
upsidedown119 Rebounding?
20/03/2019 3:28 PM
upsidedown119 Yes! Rebounding.
20/03/2019 4:22 PM
cocqueen Jaws 2 coming
20/03/2019 4:36 PM
keyin Come to die road
20/03/2019 5:13 PM
IronShirt no worry, tomolo i push to 1.50
20/03/2019 5:17 PM
upsidedown119 I.50 no use. Push past 1.50.
20/03/2019 8:47 PM
IronShirt Remember Big Gun JJ, he supports at 2.0 last time. target 3.30
20/03/2019 9:06 PM
luiws123 Talk is easier than done
21/03/2019 9:10 AM