Cup formation completed between 10/11/14 to 10/2/15. Expect some pullback to form the handle with initial support at RM0.375 before scaling higher to test the RM0.43 resistance.

OLH's offer to PJDev shareholders is one of the worst offer, undermining PJDev existing shareholders' intelligence thinking that he could pull off a stunt job by depressing PJDev shares well below RM1.60 and then announcing to the world that payment for RM1.60 is assured if they vote for the scheme. He forgot that when proposed scheme lapse, shareholders will have the last laugh as price will be much higher than RM1.60. Would be interesting to see how SC/Bursa respond based on the previous cases including Tebrau Teguh, Bernas, MISC, Goldis,

Price downside is somewhat limited. Buyers will just snap up the mother shares if price drop further. As correctly pointed out by OTB, OLH wants to buy cheap while he is hoping shareholders at large to accept the VGO at RM1.60 that is not appealing at all.

Dear kllow, which part of OLH that you want ? O) Most importantly is that his proposed merger must be approved by the PJDev shareholders. Calling all the PJDevian to buy at 1 least share of Mother Share and attend the shareholders meeting...show him the finger and enlighten him how to use the calculator to compute the Price to Book Ratio to determine the price of PJDev-W.

Dear kllow, which part of OLH that you want ? : O) Most importantly is that his proposed merger must be approved by the PJDev shareholders. Calling all the PJDevian to buy at 1 least share of Mother Share and attend the shareholders meeting...show him the finger and enlighten him how to use the calculator to compute the Price to Book Ratio to determine the price of PJDev-W.

Dear akaboss, there is a potential further price upside if the EPS of the last quarter is more than RM0.05 or PE of more than 10 is applied.

The EPS is RM0.176 for the 3rd financial quarter. Assuming an additional RM0.05 of EPS for the 4th quarter, the total EPS will then be RM0.226. Assuming a PE of 10 is applied, the Target Price should be around RM2.30.

Commendable 3rd quarter results. Can't wait for tommorrow opening price.

As I have commented earlier, it will be much better for the Ku family to buy back KSL.

In god we trust, in HapSeng we Yam Seng !!!

Why criticise/penalise OTB when PJDev had in Dec '13 announced the proposed sale of Menara PJD ? Do your maths and you'll realise the improvement in EPS, NTA etc. I bought PJDev-W after the announcement and still holding on to PJDev mother RM0.90 apiece bought last year vis-a-vis NTA of RM2.00

With sephiroth's comment above, no need to trouble OTB. Eventually, this counter will attract coverage from analysts.

With the sale of Menara PJD, surely this quarterly result must be good. Eventually, those queuing at RM1.39 to RM1.42 will have to eat the seller's quote at a higher price when the results are announced soon.

So long as investors continue buying (probably due to the better than expected earnings to be released soon) and without Morgan &/or Lembaga Tabung Uji dumping their portion, crossing RM2.63 and RM2.72 is still possible.

Hope that the present drought continue for the next few months with Selangor & Fed Govt incur the wrath of rakyat so that they will then hasten the deal. Puncak shareholders stand to gain as long as Puncak stand firm on the pricing (based onthe counter-offer to Sel govt in Dec '13).

Price is still struggling to cross RM2.50 convincingly despite commendable quarterly earnings for the past 1 year. If this round of quarterly earnings is still good/better and share price is still going nowhere, it will much better for the Ku family to buy back KSL.

If our brother Jonathan is correct, unlikely the quarterly EPS to be above 8 sen.

To reach RM3.00, the price must first cross RM2.63 and RM2.72 convincingly.

Hello everybody !!! We must hope and pray that HapSeng's coming quarterly results is good or else, its OMG

Expecting next limit up.... BREM, BRIM BOOOOOM for 2013

"Khalid is confident the deal will be sealed if Selangor Govt and Puncak accept the re-arranged deal" which may not be worse off than Gamuda's offer. He may be also seeking Federal Govt's guidance (jointly purchase) or leave it to Federal Govt to purchase the water concessions. If that's the case, Puncak should definitely worth more than RM3.50 apiece.

Khalid & Tony P can say what they like. At the end of the day, who is more desperado ? If there's no deal eventually, Pakatan will say that they tried their best but rakyat is the real loser. Would you think that the State/Federal Govt would just ignore the impending problem ?

By not accepting the offer, there is no loss to Puncak. As it is, Puncak share price should definitely worth more than RM3.50 apiece. Like it or not, the water play will continue until the State/Federal Govt give up or the deal is eventually sealed. See who is more desperado but bear in mind that rakyat stand to lose in the end should the impasse continue. Agree with Mr Ooi Teik Bee, "thank you very much" to you. Bought additional Puncak-wb shares this morning.

Agree with you.

A good quarterly result will likely be the catalyst to test the resistance at RM0.57 and RM0.62 soon.

Agree with Mr Ooi, today's closing price could be a flash in the pan pending release of the quarterly result. However, if the impending result is very good, then the share price may move up, otherwise its downhill again.

Private takeover rumour. The net asset per share is RM2.12, based on latest quarterly report.

Well doe, Hap Seng & Warrant. Its "Yam Seng" time to celebrate...

Resistance of RM2.17 broken with a possible cup and holder formation to follow. Although trading volume is not high for the past days, some buying interest is seen. Nice chart.

Need substantial volume to push up price. See tommorrow's performance.

Price has still a long way to go, latest net asset per share is RM4.79.

Since March 2013, the price has been gradually trending up, forming higher high and lower high. Resistance is seen at RM2.17.

It should be Puncak or its Warrant.

Dear Annie24, let us wait for the outcome on US FOMC's meeting later this week on QE before deciding to buy LBS or its Warrant.

Expect price to remain sideways until (a) US FOMC's meeting later this week to decide on the QE and/or (b) fresh leads on this counter.

RM2.55

Price creeping up recently coupled with rising volume, see whether can have a crack at RM0.29 sen over time...

If the "good news" is coming soon, what are you guys waiting for ? Price has tumbled from a high of RM3.50 and its price is languishing between RM2.75 to RM2.85 for the past few days. If there's no good news/no news at all, then its bad news for the share price over time...

If Tabung Uji and JP Morgan have already bought so much, why the price has been sliding down since yesterday ? Although there is definitely potential for the share price to climb back up in the longer term, be careful when Tabung Uji and JP Morgan start mass selling. Just look at KSL and Engtex after mass dumping by Tabung Uji....

Interesting, price has been going up while volume is declining for the past 3 days...

Dear 4u2c, with the spike and retreat pattern, very likely the handle will be formed in the near future.

Dear Unice, since early July '13, there has been more sellers than buyers. The Director, Amrik Singh sold 80,000 in July '13 and then bought 30,000 at a cheaper price while there is some buying by Dato Seri Lee. Without any positive news/rumours in the near future, the price may drift downward again. Kudos to the Directors attempting to support the share price.

Dear BigFAT, the strategy is to sell to Tabung Haji before they start mass selling.

Cup formed with heavy volume traded today. Waiting for the handle to pierce through RM1.00.

Agree with you sephiroth, price is trending down.

You're right Maxeus JX. The buyers who had bought this counter would have made their decision based on rationale/basis best known to themselves with the ultimate objective of making money. The buyers would have based it mainly on TA and/or FA or simply follow the crowd.

Why all the fuss about RAPID delay ? Is there any certainty that Petronas will award contracts to Muhibah since there are other players bidding for contracts ?

Support at RM2.42 is crucial.

Wonder what will happen to KPS if the minority shareholders of KHSB does not agree to the sale of KHSB.

With Tabung Haji continue to dump its shares (balance 37,000 lots @ 24/7/13), it is unlikely the share price of Muhibah will move much. Look at the share price of KSL, when the last quarterly results was announced, its share price went up to RM2.40 but eventually fell to about RM1.90 thanks to Tabung Haji. With the smaller investors picking up the ruins, the share price of KSL is hovering around RM2.05.