oh nooooo
where is the pilot ?
no one at the pilot seat.
JUMMMMMMP

jumppppppppppppppppppp
the plane going to crash

ladies and gentlemen
this is captain jolie speaking
the flight will going down from 12800 feet to 12300 feet soon.
fasten your seat belt

supermax export a lot to brazil
brazil downgraded on credit rating. Customer no money to pay supermax... impairment .... habis.

KUALA LUMPUR (Sept 10): SapuraKencana Petroleum Bhd and glove manufacturer Supermax Corp Bhd will be closely watched after Standard & Poor’s (S&P) downgraded Brazil’s credit rating to junk grade.

SapuraKencana offers support services to Brazil’s national oil company Petroleo Brasileiro SA (Petrobras) while Supermax operates in Brazil via Supermax Brasil Importadora S/A.

In Malaysia, SapuraKencana shares declined as much as six sen or 3% to RM1.76 before the stock pared losses at RM1.80 at 3.45pm. The stock saw some 6.5 million shares changed hands.

Supermax had earlier fallen as much as three sen or 1.4% to RM2.05. At 3.46pm, the stock traded unchanged at RM2.08 with 438,500 units traded.

S&P downgraded Brazil after the South American economy fell into recession. Reuters reported that S&P downgraded Brazil’s credit rating to junk grade on Wednesday, further hampering President Dilma Rousseff’s efforts to regain investors’ trust and pull Latin America’s largest economy out of recession.

S&P cut Brazil’s rating to BB-plus, the highest junk rating, from BBB-minus, based on the mounting political problems that have muddled economic policy.

expect after bonus issue, drop another 20 cents... trust me.

another optimistic item; tomorrow the share price will close at 1.33

i think Dr Yu of YNH property is buying kps.
he like to accumulate this type of value stock and prevent the major shareholder to privatise it. Just what he have done on quek leng chan of hong leong capital.

so far azmin appointed as MB , he has presented very well, good personality , work well with the fed and diplomatic. Journalist also like him and they always write good on him... Got good future ahead.

i think azmin can be the next PM if opposition win the next election (since anwar too old already).

Don;t play-play with him.

i think azmin will structure DEIG in such a way after take-over kps

Group 1: Property Development
Group 2: Telecommunication
Group 3: Infrastructure ( operation & maintenance of water asset, road repairing, highway concessionaire)
Group 4: Oil and Gas
Group 5: Education, Hospitality.

This DEIG will be the "Khazanah" of Selangor.
Don;t play-play with Azmin. He will get Datukship this year Dec during Sultan Selangor birthday.

sell harta... after bonus issue , too many share... many will take profit.
directors already start selling before bonus issue

roger.......where are u ?
we miss u.
don't cry alone-lah.
HAHAHAHA

strong dollar will create many takeover and acquisition by us fund. Also the right time for selangor govt to use their reserve in us dollar (if they have) to takeover kps. Very cheap now with the weak ringgit.
warren buffett start attacking with his huge fund
http://www.thestar.com.my/Business/Business-News/2015/09/10/Therere-dozens-of-countries-I-would-like-to-buy-in-says-Buffett/?style=biz

latest amresearch report on gamuda regarding splash.

Gamuda - Water deal inked – now eyes on SPLASH
Date: 09/09/2015


- We maintain our BUY call on Gamuda with an unchanged fair value of RM5.80/share. This pegs the stock at a 10% discount to NAV/share.

- The Selangor water impasse appears to be drawing to an end with the signing of four agreements between Pengurusan Aset Air Bhd (PAAB) and Pengurusan Air Selangor Sdn Bhd (Air Selangor).

- The four agreements are:- (i) facilities agreement; (ii) lease agreement; (iii) rights of use agreement; and (iv) settlement agreement.

- We understand that these agreements are essentially conditions precedent (CPs) to effect the master agreement that was signed almost a year ago.

- More importantly, the signing of this landmark water pact between the Federal and Selangor governments would likely trigger renewed hopes for Gamuda to realise its water investments in SPLASH.

- Based on our estimates, Gamuda’s water businesses (i.e. Gamuda Water and SPLASH) account for ~RM1.4bil (RM0.59/share) or 9% of our NAV.

- We retain our earnings estimates for now pending more fresh leads on SPLASH.

- Furthermore, we foresee further upside for Gamuda coming from the MRT Line 2 (MRT2) and Penang Transport Master Plan (PTMP) projects.

- Assuming Gamuda has a 50% stake in the Project Delivery Partner (PDP) consortium for the PTMP for a contract value of c.RM9bil as well as an equal stake over the tunneling works/PDP for the RM28bil MRT2, Gamuda’s NAV is set to rise by RM1.26/share (FV: +19% from RM5.80/share to RM6.95/share).

- We nevertheless believe prospects of any special distributions arising from the disposal of its water units largely hinge on the capital requirements for Gamuda under the upcoming MRT2 and PTMP projects.

- Construction works for MRT2 could kick off by mid-2016, and 2017 for PTMP.

Source: AmeSecurities Research - 9 Sep 2015

this report is from the edge date 19 Aug 15.....looking forward for privatise and special dividend as mentioned on it.

WITH a new master agreement, which has an early September deadline, possibly ending Selangor’s water impasse, Kumpulan Perangsang Selangor Bhd (KPS) is poised to become a cash-rich company without a core business.

On July 10, Selangor and Putrajaya signed a supplemental agreement, which extended by 60 days the master agreement that was inked last September to finalise the restructuring of the state’s water supply industry.

If all goes well, and once the sale of KPS’ water assets is approved by shareholders, the group stands to gain close to RM3 billion cash from the transaction.

To recap, in March last year, KPS accepted the offer of parent company Kumpulan Darul Ehsan Bhd (KDEB) to buy its 90.83% stake in Titisan Modal (M) Sdn Bhd — which controls Konsortium ABASS Sdn Bhd — and 30% equity interest in Syarikat Pengeluar Air Selangor Holdings Bhd (SPLASH) for RM990.2 million and RM1.83 billion respectively.

KDEB, which is Selangor’s investment arm, owns 57.88% of KPS.

A fund manager, who declines to be named, feels that the minority shareholders of KPS (fundamental: 0.80; valuation: 2.40) should remain invested in the stock and wait for a possible special dividend from the sale of its water assets.

“KPS is getting about RM337 million or 67 sen per share for ABASS, based on the latest equity offer. If the new offer for SPLASH is at a one-time book [value] of around RM2.8 billion, its 30% stake is worth RM800 million, which is bigger than KPS’ market capitalisation,” he says.

The fund manager’s figure for ABASS is net of its loans while his estimate for SPLASH is based on Gamuda Bhd’s book value.

It is noteworthy that Gamuda (fundamental: 1.80; valuation: 1.40) had rejected the takeover offer from the Selangor government for its 40% stake in SPLASH for RM250 million as the company believes its equity interest should be sold at its book value of RM2.8 billion.

“If the sale of SPLASH comes through [based on Gamuda’s book value], we may be looking at a little over RM1 dividend per share,” the fund manager estimates.

Recall that in September 2013, KPS paid out a special dividend of 26.67 sen per share, amounting to RM99 million. The dividend was funded by the proceeds from the divestment of its 56.57% stake in Kumpulan Hartanah Selangor Bhd for RM212.8 million cash to KDEB.

As at March 31, KPS had total assets of RM2.81 billion. Its cash and cash equivalents stood at RM65.74 million, with borrowings of RM997.34 million.

For the first quarter ended March 31, 2015 (1QFY2015), KPS saw a net profit of RM20.26 million compared with RM23.27 million in the previous corresponding period.

Revenue was also lower at RM69.01 million compared with RM73.09 million a year ago due to lower contributions from its infrastructure and utilities, and hospitality sectors.

In FY2014, net profit fell 54.4% year on year to RM130.27 million while revenue slipped to RM314.03 million from RM316 million.

The infrastructure and utilities segment, which houses its water business, contributed the most to the group’s revenue and profit at RM220.77 million and RM90.6 million respectively.

“With the impending divestment of ABASS and SPLASH, the group is actively pursuing new investment opportunities to ensure that its performance continues to be profitable,” KPS says in its 2014 annual report.

With earnings dragged down as many of its profitable businesses have been taken over by KDEB, some quarters believe it’s only a matter of time before KPS is absorbed into the state investment arm through a privatisation exercise.

It is interesting to note that KPS had last year divested its 49% stake in KDE Recreation Bhd, the owner and operator of Kelab Darul Ehsan, to Berjaya Vacation Club Bhd for RM12.82 million.

KPS had also closed Quality Hotel Shah Alam in Plaza Perangsang, to make way for a redevelopment project, and the Brisdale International Hotel to facilitate refurbishment works.

Furthermore, the group shut down Perangsang Templer Golf Club to facilitate the joint redevelopment of the golf course into an environmentally friendly mixed-use area through a partnership with S P Setia Bhd (fundamental: 1.60; valuation: 2).

KPS also has interests in the oil and gas and telecommunication sectors. However, both businesses had yet to generate any revenue in FY2014. It is unclear if the group intends to develop them with the proceeds from the sale of its water assets.

The counter closed at RM1.37 last Thursday for a market capitalisation of RM688.63 million.

this counter name is puncak
everyone like "memuncak" state.
Shift to kps-lah. Very peaceful.

you all don't sell cheap-lah.
Want to sell cheap, go to pasar malam or chow kit road to sell-lah.

last time integrax was at 1.50 ... suddenly tenaga offer 3.25 for this strategic asset

now kps is 1.33 ..... if i'm warrent buffett.... i will sapu all the 40% at 1.50.... then sell to kdeb for 2.50

i better contact Jho Low to find some one from arab or get paris hilton to sapu the 30% .... since us dollar so strong.

aiyah... other investment bank analyst also say privatise.
You don;t percaya, refer to my previous comment-lah.
You think i;m really expert-meh. I also follow other investment bank say-one

JL Investment Bank

kps and puncak like brothers

Normally the elder ones let the young brother to eat first. But the young brother very kesian the old brother and left some good foods to the old brother to eat.

Then both brother also happy.

the good foods always serve last.
kps will eat the best one since it will be serve later.

example ... is integra.... suddenly tenaga offer good price and take-over integra and delisted it for this strategic asset.
don;t play-play. Strategic asset is worth a lot. Don;t simply sell cheap your share.

since us dollar so strong, probably a US fund manager can sapu at least 30% or 150 millions share at 2.50 or rm 375 mil which will equal to about usd 88 millions only.

then this fund manager can negotiate with selangor govt to sell back at 3.50 making a handsome profit of 30% margin. Easy profit.

Now us dollar so strong.... it may be waiting for acquisition from external party to take over a huge majority if azmin did not take this chance to protect their share.

azmin..........WAKE UPPPPPPPPPPPPPPPP

kdeb holding about 60% of kps .
total share - 500 millions. balance 40% or 200 mil shares offer at 2.50 only need rm 500 mil.
consider now our ringgit devalue 20%... this means it only need $400 mil if pay in usd.
current selangor reserve is about 3 bil ... should not be problem to takeover.
kps average net profit is 100 mil per year.... need just about 4 years to pay back the 400 mil.

Sap-sap sui for kdeb to take-over.

roger is crownford tan.
i like to dream.

all this BN politician already pre-set the game earlier with khalid--- conspiracy theoy
They know gamuda won't accept the offer of 0.1x book value.
they pay-off puncak first.
then , they will ask selangor to share-share (50: 50 ) to pay-off gamuda.

selangor govt dig out rm 1 bil by privatise kps.... then fed pay the balance 1.4 bil

probably privatise kps ----jan 16
new offer ... april 16

i like to dream . Dream is good

next move
step 1) kps will be privatise so that kdeb swallow the 30% splash equity
step 2) balance 70% (gamuda + wan azmi).... pay 0.8 book value = rm 1.4 billions

things settled.

the chairman of splash... wan azmi
mb of selangor.. azmin

azmi and azmin good friend... similar name... sure can kao-tim one.

poised to scale higher .

last time kdeb under khalid..only know how to bully the minority
now under azmin-mah
dulu lain, sekilang lain

ok-lah
memuncak first , then satisfy and happy.

but kps celebrate first, pop the champagne first, smoke cigar first...

puncak happy ending
kps sure will super-happy ending
hip-hip horayyyyyyyyy

some technical chart analysis

the immediate upside potential is capped at the 200 day simple moving average of rm1.43 of which a successful breakthrough would signal a bullish turnaround, en route to test the upper hurdle of rm1.60 and probably the rm1.80 mark later. On the downside, a slip below the recent lows of rm1.14 will drag the shares down to rm1.06 on extended correction process.

some technical chart analysis

the immediate upside potential is capped at the 200 day simple moving average of rm1.43 of which a successful breakthrough would signal a bullish turnaround, en route to test the upper hurdle of rm1.60 and probably the rm1.80 mark later. On the downside, a slip below the recent lows of rm1.14 will drag the shares down to rm1.06 on extended correction process.

pension fund kwap is increasing their stake in gamuda. Something is brewing soon for splash.

http://www.theedgemarkets.com/my/article/kwap-increases-gamuda-stake?type=Corporate

rebound now

those sell, sell-lah. Who cares ?
I still on . I;m kps warrior.

the big shark is pumping jet fuel to his car engine. Later will shoot like a rocket.

the big shark haven't come in yet. Don;t scared on those who sell fast. Later they will buy back at higher price. HAHAHAHA

don;t wait for it to drop. Buy when it is still cheap now . Don;t shy-shy like roger. He sunyi-sunyi buy ....HAHAHAHA

now is uptrend. will continue move to 1.60 and wait for new offer.
once new offer set at 1xbook value, then it will jump to 1.85

today will close at 1.45
faster sapuuuuuuuuuuuuuuuuuuuuu

Roger... if everyone trust you, the pig can climb tree.
http://cl.jroo.me/z3/u/h/f/e/a.baa-pig-climb-a-tree.jpg

HAHAHAHAHA

last year during the oil slump, kps also slump to 1.07 on 15/12/14.
It slowly climb back 1.50 on 12/1/15 . Takes about 1 month.
This year it drop to the lowest to 1.16 on 24/8/15. Probably this time it will rebound all the way to 1.60 and stagnant over there to wait for the new offer. No need to sell so fast. It just started to rebound.

Date last done change vol (00)
15/12/14 1.07 -0.13 19,658
16/12/14 1.14 0.07 9,614
17/11/14 1.2 0.06 9,019
18/12/14 1.27 0.07 12,059
19/12/14 1.32 0.05 15,246
22/12/14 1.36 0.04 4,069
23/12/14 1.34 -0.02 2,884
24/12/14 1.34 - 2,737
26/12/14 1.38 0.04 1,715
29/12/14 1.43 0.05 6,049
30/12/14 1.46 0.03 7,743
31/12/14 1.46 - 7,385
2/1/15 1.48 0.02 4,236
2/1/15 1.49 0.01 8,408
6/1/15 1.47 -0.02 5,241
7/1/15 1.48 0.01 2,812
8/1/15 1.48 - 1,103
9/1/15 1.48 - 2,479
12/1/15 1.5 0.02 762

traderman thanks for your sincere advice.
anyway i like and dare to dream . Dream gives me hope. I live to hope.
No hope, i die.

tomorrow go up to 1.45
then regret for sell too early.
HAHAHAHA

the trend for glove industry is to replace oil with natural gas. This already happened 10 years ago. That's why many of the top glove, kossan , supermax and hartalega factories are located at industrial park with gas facilities.
It is very common energy source.

roger, don't feel bad-lah as the share price go opposite your way.
Still have time to join the party tomorrow.
Don't sit on the sideline and watch only. Afterward, you cannot tahan and explode.... HaHaHaHa...