Jay: just to confirm dividend declaration for a PN16 company need to depend on retained earning? TRIPLC may improve further their retained earning in coming two quarters.

Negative flow most of the time and that why knm got a few cash calls (right issue) which shows them lack of cash (cash in account maybe from Borsig which cannot touch). Borrowing is too high and the earning may not even enough to pay interest. Too many oversea investments which maybe hard to manage.

RE project in Thailand expected profit only 15 mil but its loan from Sukok bond is USD80 mil. One can calculate the profit from Thailand may not even enough to cover the interest of the bond (based on 5% interest and conversion of USDRM rate 4.4). Intangible asset so high. KC chong has published some views on Knm. Read more for Knm balance sheet before you invest in this company.

Cash per share for FPI only 62 sen, not RM1.08. It got 153 mil cash in hand and possible to give good dividend if next quarter can report good result

The Triplc directors sell their shares are due to their cost is very low at RM1.39+ from ESOS. They may want a quick cash out. I believe they will announce dividend as this is also a good option for Rozali and directors to cash out b4 election. This also can help in them getting shareholders approval to pass this acquisition in EGM. If they didnot cash out and go for another acquisition, that would take long time pending SC's and shareholders approval.

Triple fall in PN16 company actually good for minority shareholders as directors cannot do like what puncak do now. They hv to put the cash in trust account and find a new biz which cannot find good one hv to return to shareholders.

The Triplc directors sell their shares are due to their cost is very low at RM1.39+ from ESOS. They may want quick cash out. I believe they will announce dividend as this is also a good option for Rozali and directors to cash out b4 election. This also can help in them getting shareholders approval to pass this acquisition in EGM. If they didnot cash out and go for another acquisition, that would take long time pending SC's and shareholders approval.

Kahkeong: I think the issue of Puncak is about the questionable huge loss in its accounting. This should be the job of external auditor to verify the data. The report or account is still not audited. We should complaint to MAA of Malaysia. I am shareholder of Puncak.

Last year Q3 big loss, so this coming Q3 result will hv YoY improvement

From Q1 report mentioned that "the commissioning of the Company's new 200,000mt rolling mill is progressing well and further
improvement in productivity is expected in the ensuing months which will contribute favorably
towards the top and bottom line of the Company." Should hv good result in Q3 (end of Nov announce) and Q4.

Without clear direction, Puncak price hard to move. Unless can get a new big water treatment project.

Must ask in AGM any further impairment on goodwill or not. As long as no further impairment and good use of the cash pile, then can have better prospect. So much cash in hand still don't want to have share buy back.

When a company pay dividend every year, then we can quite sure the account is clean and no manipulation is dividend needs hard cash to pay out. Sometime company can show good profit but negative cash flow or minimum cash flow increment.

FPI paid 90% of its net profit (or 90& of EPS) from past 3 year records. Current year (2015) pay 7 cents (ex-date 31 March), last year (2014) pay 3 cents (as lower profit). 2013 pay 6 cents. 2016 maybe can pay 7-10 cents as I expect it can achieve growth in profit. The company ever pay 10 cents from the past records.

Musk ask for share buy back in agm to support share price. Must urge management to hv good relation with media to hv more coverage.

ACOUSTECH BERHAD share disposal already completed on 2 Feb (check Bursa announcement). This disposal make a one-off net gain of approximately RM5.4 million (from announcement). This one-off gain should be included in next quarter result (about 2.2 sen EPS). 7 sen dividend ex-date is 29 March. A very good dividend and declare dividend for past 10 years. I think it may attract some fund managers attention for high dividend yield stock.

I also hold some puncak share. I think the different of Puncak with FPI (also has a lot of cash) is its directors capability in maintaining the profit after the disposal of one china subsidiary and Acoutec shares. They even make more profit after the disposal (by increasing the export) and will make new acquisition with the cash received from disposal. FPI also distribute dividend every year (for the past 11 years). Puncak has to find a new business that can bring the profit to positive asap to revive the share price. I think I make mistake on too positive on the cash pile of Puncaj but market seem want profit it can show.

FPI has 158 millions cash and cash equivalent at the end of financial year. This Exclude 34.8 millions sales of proceeds from Acoutec share and also another 35 millions disposal from China business.

Dividend yield from 7 sen based on current price is 7.7%. This company has a lot of cash in hand and its big taiwan shareholder may want more dividend in future. Future profit can be increased by new acquisition and the company board of directors show a good move by disposing China business as it is too competitive there. Retained profit also more than 100 millions in this company.

Excluding RM8.8 million fair value gain on sales of financial assets, the Group’s profit before tax increased by 280% or RM4.2 million in the current quarter as compared to previous year quarter. The forward PE is less than 5 (as I expect the EPS for 4 quarters is 20 cents), Now two quarter already 11 cents).

Current cash (up to Dec 2015)should be (125 millions), but if include 70 millions from Acoutech and China disposal, then it is close to 200 millions. Future profit can be further improve with new acquisition.

FPI is a no debt company with high net cash (about 200 millions) and also pay dividend every year. If dividend declare is 6 sen (expected declare by this quarter results), then it is translate to 6.5% yield.

JKing: Board of director mentioned in the announcement the proceeds will be used for acquisition and expansion within 3 years time. This is good in long run. Another thing is this company distributes dividend every year and no debt. Hope for 6 sen dividend by this week when they announce new Q results

hng33: in Q3 2015, USD vs RM rate should be around 4.06, not 3.75. Q4 USD vs RM rate is 4.28 which I think will benefit FPI profit further.

Actually if you read the announcement on China disposal carefully, the net proceed is just about RM35 millions (as FPI owns only 60% of the share on China company). Plus the acoustech stake (Just received RM35mil in Feb) disposal. The net inflow cash is about RM70 millions. However, BOD announcement that no special dividend but the proceeds will be used for working capital and investment purposes.

China disposal not yet completed (should completed by last Quarter). Long term I think this company still ok as long as Europe and US order are improving.

The biggest issue of state land ownership is solved now. it is just waiting for state government to transfer asset to federal within 60 days to get 2 Billion. After that, puncak will get 1.5Billion.

http://www.themalaysianinsider.com/malaysia/article/selangor-to-acquire-puncak-niaga-syabas-water-assets-by-mid-june

“We’ve (the federal and state governments) agreed that everything must be resolved by mid-June. The first phase is to buyout Puncak Niaga and Syabas. By mid-June specifically before Ramadhan which falls on the 18th. I have told the minister and he has agreed,” said Azmin.

No called off as they already resume the talk after 9 March. The news from Malaysianinsider.com and tv selangor are for explaining for previous call off on 9 March.

I think the land issue ownership already resolved (belong to state). The access issue will be solved sooner or later as both sides are committed for undistruptable water supply.

http://www.orientaldaily.com.my/index.php/nation/gn45345792
Orientaldaily reported water price in Selangor may increase if the deal is not completed. Read the news for more detail. I believe state government definitely want to complete the deal to control and improve the water distribution in Selangor.

hng33: I strongly agree with you. I bought a lot of puncak recently as I believe the deal will eventually go through and huge cash after the deal in puncak. I also keep as long term investment in case the deal not go through.