Although rhb has made an evaluation on this stock which is to everybody's surprise, I think we must be fair to this stock. The net asset value of this stock is RM4.18 as per their Q2 financial results, that has not taken into account of the gain from the water deal and likely profit from oil & gas ( which will be reported by end of this year financial period ). Right now it is an issue of ENTRY time rather than how much this stock worth. To me, this stock is traded under much discount.

Fishy fishy, the 2Q result is still under the carpet... fishy, fishy..

Value buy now.. the high buying rate (60%) shows that investors are confident on the stock. Forget about rhb.

kaputt, keep on kaputting...

I never though RHB could make such kind of target price due to "their own assumption" of delay of water deal. How could the delay change the target price? This is simply non-sense and I would have great reservation on their valuation from now onward. This is ridiculous!!! The water deal does not goes with the market price of the stock but the actual valuation of the assets, probably with some multiplication factor. I would suspect some party simply give comments and pull down the market price for their entry.

trustme932, you are right. By the way, buying stock is easy, selling is always a tough process.

willing buyers willing sellers. the last person who hold the stock, is the loser.

The water deal does not goes with the market price of the stock but the actual valuation of the assets, probably with some multiplication factor. I would suspect some party simply give comments and pull down the market price for their entry.

I never though RHB could make such kind of target price due to "their own assumption" of delay of water deal. How could the delay change the target price? This is simply non-sense and I would have great reservation on their valuation from now onward. This is ridiculous!!!

Thank you carefulinvestor & Ooi Teik Bee for your valuable inputs.

AEONCR not even publish its financial statement on Bursa.... Supposed to publish on 20-9-13....What is the matter here? Almost one week already... I feel fishy here...

please do not settle with 3.18 closing today. it will be much higher. I am targeting somewhere 4.0 and above.

appreciate if hng33 could updates us the latest status...thanks.

Posted by hng33 > Jun 21, 2013 11:06 AM |
Lets calculate the intrinsic value for Puncak

Based on latest balance sheet and KDEB offer price for its 70% in syabas (equity 437.8m and resume liability 2679.2m) + wholly own PNSB ( equity 1117.5m and resume liabilities 1359.5m). If the deal materialize, Puncak balance sheet will become total assets reduction from 2919.3m to 1364m, total liabilities will record reverse gain of 1480m, resulting Puncak becoming free debt with total assets of 2844m or net asset of RM 6.92/share

No. This stock is still undervalued although without water deal. That is the reason why many investors are holding the shares to harvest better gain soon. Any deal closed within 3 months for high gain is considered very good. To me, water deal is a bonus for this stock.

Continuous good news ahead for Puncak......http://www.bursamalaysia.com/market/listed-companies/company-announcements/1411053

The personal loan policy will reduce the business of AEONCR, MBSB will be facing the pain as well.

I would expect this stock will suffer turbulence towards year end.

The company is strong, they no need capital to strengthen. but right issue is to raise capital in order to abide the government rule on capital adequacy ratio(CAR). The next financial statement, i would expect not as good as the previous quarter due to government effort to reduce family debt. see how it goes. This stock is becoming more liquid after the 1:5 split last year, with more shares in the market. You can see the selling off of the stock in bigger volume few weeks ago when the US announcement the QE3 withdrawal in phases. Good luck.

Looking at the Puncak's trend, it is a consistent uptrend. Although is slow but very consistent. When the water deal closed, it will be skyrocket shooting up. Any trend trader will tell this is a very worthy stock to look at for mid term, say about 3 to 4 months to get max harvest. This is a crisis ( QE withdrawal, syria war & Sept regular down trend ) resistant stock. What else I need to convince myselve to keep this stock for few more months?

Sandrachoong, you have got what i meant. Bravo you... stock chasers are playing with flame fire.

http://www.thestar.com.my/Business/Business-News/2013/09/12/LFE-Corp-surges-after-posting-strong-earnings.aspx

Please recall the history....in 2009, the financial statement could not be finalized on time in Aug 2009 and penalized by the Bursa, due to "some account problem" in one of its subsidiary..See star newspaper on 6 Aug 2009 titled " Bursa reprimands LFE Corp".. and Sin Chew news title " 未如期提呈財報‧隆發8董事遭譴責罰款".... I hope this info help all investors.

The net asset value is now declared as RM0.14 but the stock price shot up until RM0.385 this morning...and the financial statement is yet to be audited.... I really pity the stock chaser.

Financial researcher looks good on PUNCAK. Self Explanatory.... Water train go go go... http://www.thestar.com.my/Business/Investing/2013/09/06/CIMB-Research-optimistic-on-Puncak-Niaga-takeover.aspx

Hold onto Puncak. Do not settle with little profit, take higher gain.

Sinchew news on 6-9-13 Saturday on Puncak.... http://biz.sinchew.com.my/node/81708?tid=18

Yeechanchoon, it is still much room for you to chase. After 1/2 hour ( say at 9:30am ) tomorrow, if the price is 1 bit higher than today closing price ( or 3 bit higher just to play very very safe ), you can enter to catch the uptrend. Do not enter within the first ½ hour as the market is crazy & you will not see the actual trend.

longterninvest, i have little idea on warrant, sorry about that.

Yeechanchoon, it is still much room for you to chase. After 1/2 hour ( say at 9:30am ) tomorrow, if the price is 1 bit higher than today closing price ( or 3 bit higher just to play very very safe ), you can enter to catch the uptrend. Do not enter within the first ½ hour as the market is crazy & you will not see the correct trend.

Longterminvest, I have little idea on warrant. Can advise.

Contra day play or trend play, you decide. lu punya pandai... When big player buy in, all contra day play will catch no ball... I would encourage trend play for this CONSISTENT & CONVINCING uptrend stock with VOLUME, for sure.

I would say all trend traders will hold until the uptrend subsides. From the trend line, not surprise me to reach RM3.50 and above within 2 weeks before it reaches the top trend.

yup, breaking RM3.00 obstacle, one day ahead my prediction.

limchimleong, practically, It is tough to move up and may take very long.

genesis81, important is the net asset value of the stock, which is presently RM4.18 WITHOUT the water deal. see http://www.bursamalaysia.com/market/listed-companies/company-announcements/1392981 . Also check its intrinsic value with water deal ( see hng33's comment on Jun 21, 2013 11:06 AM ). I would encourage NOT to do contra play for this stock, you will bang table when it slowly shooting up.

genesis81, now I take Puncak at RM2.91 at 3:49pm today. Puncak was RM1.93 on 1-7-13 ( lowest within 2 months ) and RM2.4 on 1-8-13 ( lowest within 1 month ). Therefore, it has climbed up 51% from RM1.93 to RM2.91 ( within 2 months ) and climbed up 21% from RM2.4 to RM2.91 ( within 1 month ). I can not get 70% as you have commented. Thanks.

This time is coming absolutely real & near. We will rest our long waiting neck soon.

I see many parties concern talking about AEONCR, and little of you know about this news, let’s share ---- According to the latest AEONCR AGM in June 2013 at Istana Hotel, KL, despite the good news on profits every quarter, there was a bad news as well. Probably, AEONCR may need to call for right issue!!!!

What is this????? As explained by the Executive Director of AEONCR, appeared that the minimum 16% capital adequacy ratio(CAR) imposed by Bank Negara was NOT just a rumour in the market but just as real as diamond.

In order to address this issue, AEONCR have few options as follows:-
1) Option 1 :
To call for right issue to raise sufficient fund from the shareholders. The formula will be about 1:10. If this option is adopted, all shareholders will have to find fund to invest in the right issue, or sell some existing shares in order to get fund.

2) Option 2 :
AEONCR will appeal to Bank Negara to reduce the CAR to 8% on par with banks. If the appeal is successful, then AEONCR does not need to call for right issue.

3) Option 3:
If Bank Negara still insists on 16% CAR, AEONCR may appeal to Bank Negara to just consider credit card portion for the 16% CAR as the reason given by Bank Negara earlier pertaining to the imposing 16% CAR instead of 8% is due to credit card loan carries higher risk. If the appeal is successful, then AEONCR does not need to call for right issue.

4) Option 4 :
AEONCR will set up a fully owned subsidiary and transfer all credit card business to this subsidiary. As credit card loan is still very small, CAR for this subsidiary will be at 96%, more than enough to meet the min 16% requirement set by Bank Negara. If this option is successfully implemented, then AEONCR does not need to call for right issue.

Therefore, all lovely shareholders, be prepared for the worst case scenario of Bank Negara going for Option 1 finally. It is VERY IMPORTANT for all shareholders to standby some spare money (about 10% of your total shares in AEONCR ) to prepare for this Option 1. It is not surprised to me that AEONCR share price may drop about 10% after announcing this worst case scenario ( if happen ) as many shareholders may sell off part of their shares to raise fund.

This scenario will add salt to the AEONCR share price in addition to the impact of the recent bearish market and Aberdeen’s quarterly sell off under their portfolio management. See my sharing on 28-8-13. I hope this information helps all of you. You decide…

There is no latest news on this issue from AEONCR. Let’s see how….

Totally agree with hng33. This is why I keep Puncak stock regardless rain or shine during this period of time. Once it shoot up, we won't be able to catch at good price.

3 months is very likely, but do not upset if delay a bit. Not surprise me if the deal close earlier than 3 months. Puncak can wait, Selangor government can’t.

I would suggest to hold this stock since the deal is just around the corner. It would be beneficial to keep now as when it shoot up, it would be skyrocket and we may NOT be able to catch at good price. In addition, those cronies will have upper hand to buy much earlier than us. If we keep this stock for let say 3 months and gain 40% profit with water deal finalized, where else we can get this profit within 3 months? Not surprise me if the profit is much higher than just 40% since the net asset per share is now RM4.18 ( without water deal finalized ) with the announcement of the 2nd Quarter Report on 29-8-13 ( just yesterday ). I believe Kenanga will raise the target price from RM4.02 to higher figure in the next few days. From now onward, it should be under the cronies' accumulation stage and not surprise to me that there won't be much price varies. Welcome any deep throat to give us more updates on the water deal / information.

Alternatively, for info --- Puncak is announcing their lovely 2nd quarter financial result within this week ( by end Aug 2013 ). Expected huge contribution from the oil & gas business. Also awaiting good news from their newly bough construction company. These are honey addition to the water deal to be closed soon. Without the water deal, it's target price is RM4.02... With the water deal, will be more amazed.... Watch up!!!

Aberden has been selling off AEONCR shares every 3 to 4 months as part of their portfolio management exercise when the AEONCR share price went up and hitting their portfolio alarm. Look like selling campaigns were more often than my hometown mini market sales. Now Aberdeen is holding less than 9 million shares already as compared to the 9 million++ shares in Jan 2013. Hope these info help everybody. Happy trading and be blessed.

It is little possible to reach RM10.00. At this moment, the share price of AEOCR drops drastically due to 2 main reasons:
1) Market panic
2) Fund manager Aberden is selling off AEONCR almost everyday as a part of their portfolio management exercise. See http://www.bursamalaysia.com/market/listed-companies/company-announcements/1388153 as an example. View more from this Bursa webpage.
This was happen in Jan 2013 and the share price drop from RM13.50 down to RM10.40 with a month. History repeat itself, but this time market panic add salt to it.

Therefore, it is advised to sell off to keep your gain and buy when the Aberden stop selling and the market recovering. Monitor the Aberdeen sale from the above webpage.

My darling should be moving up in line with the upcoming honey quarterly financial result announcement within this week.

At 4:02pm, my darling is finally on TURBO mode. Up Up get away!!!

I have high hope on this stock - water, oil & gas business at PE is just 4. Where to find strong fundamental company with just PE=4 company? He should be squeezing/hanging Selangor Government's neck by end this year. It will be my darling this year.

The biggest share holder, on 22-8-13, Rozali is transferring some of his shares to his family company... see http://www.bursamalaysia.com/market/listed-companies/company-announcements/1384189 .. Is my statement correct? What does the transfer mean to us?

hng33, do you mean the intrinsic value is RM6.92/share if the deal materialize? Thanks.