roger, think hng33 is making almost 100,000 on puncak this round, why do you have to haha him? haha me better, still making minor losses

hng33, if see puncak, what share to consider? any suggestions? thanks!

hng33, we think you are good lah, not unhappy

well, here on puncak site, hng33's sell call has been mostly right, buy call also pretty good...

o o... wonder if I should sell now too, think hng33 sell record has been almost 80% right

hng33, thought you said hang on? and you sold already at 2.88?

problem is many assume the deal is not yet sealed

coverage too little, anal-ysts revised target price too little (so far only CIMB)...

found one:

http://pocketimes.my/taxonomy/term/5

ckk2266, I also hope that would happen... wiwangwang's friend is right!

if I were not wrong, money is now with Air Selangor, should be within days Puncak will receive the money 流口水啊

ec1705, if I can't speak about what went wrong with PR, then, how's it different from BN? I want a better government, not a change in government. When it comes to election, I will vote for BN in an attempt to break the corruptions and racial-based regulations. That doesn't mean that I will have to support whatever PR want or believe in. In fact, a lot of promises made by PR don't make sense and will harm Malaysia. It's just that there is no better alternative right now!

If I were not wrong, DAP's Liew Chin Tong openly suggested Langat 2 is not necessary and it's one of the reason Khalid must go? How come Liew didn't come and oppose Langat 2 now?

hng33, don't get me wrong, just trying to learn from you who had been using technical analysis besides fundamental analysis to trade. Meant to switch back to BJCorp once my Puncak is sold, guess timing is extremely bad thanks to Azmin...

hng33, went to stockchart.com, seems like the resistance you mentioned is kind of fuzzy, with a region of which to be broken before a next up wave can be formed. Right?

hng33, based on what you said about resistance, that would means more road blocks ahead at 2.86 (Mar 02, 2015), 2.88 (Jan 23, 2015), 3.13 (Jan 05, 2015), and 3.74 (Nov 12, 2014), right? Or, are you referring to closing high? 2.81 (Jul 13, 2015), 3.05 (Jan 02, 2015) and 3.60 (Nov 12, 2014). Or, it can be either a closing high or a day high, a fuzzy region? Thanks.

Wiwangwang, thanks for the update...

Hng33, I c, thanks a lot.

hng33, does that mean resistance level is a price that buyer has to be able to keep absorbing in any sell down by sellers before seeing the next stage? If that's the case, any price level can be resistance level. Sorry, never study technical analysis and been having difficulty believing in it all the while.

0-7 days to go...

hng33, stronger momentum, does that mean it doesn't have to be big volume?

hng33, only 153,000 shares traded today at 2.82, how could this be resistance given volume? Or there will be more selling coming? Actually, after you told me about the resistance, I was expecting heavy volume this morning at 2.82...

hng33, your resistance level has no volume?!?

wiwangwang, hopefully announcement will be made tomorrow. thanks for the update!

the economy is actually not good, especially those exporting commodities. Singapore is on a downward trend for 22 weeks already, and the average downward trend is 44 weeks (according to Sinchew, probably from Bloomberg.) Palm oil is hovering around 2300 only because RM is very low, at around 4.30 (today at 4.25) and an expectation El-Nino will disrupt production. Crude oil and natural gas are not expecting a bright future, given that Saudi and Russia are eager to pump and export at all cost while Japan has restarted its nuclear power plant, reducing the demand for LNG. Other than that, from coal, copper, iron ore to wheat, corn, and soybean are all showing weak prices mainly due to over-production, thanks to earlier bullish of China GDP forecasted to grow at least 10% annually, which now is less than 7%.

hng33, congratulations, applause! Hope Puncak will reach at least 3.40 and I will have the chance to say big profit too... quick quick 3.40 then quick quick 3.80

sudahkena, ah, you are right... 0 - 8 days to go

hng33, hopefully epf start buying now, it should easily break your 3.20 resistance

think 3.80 is only possible if Rozali can get cheap plantation in Malaysia to be injected into Puncak. With his contact, probably he will be able to make it.

wiwangwang mentioned last week that deal except money transfer will possibly be done tomorrow. Hopefully announcement will be out tomorrow.

Singor is busy with grabbing water project, and the money is better than what he get from Puncak share?

about 2.95... guess I just made a stupid comment, given I am not a long term investor in Puncak, not much different from hng33, just that he is better at timing the market. OK time to say good night

CIMB has raised target price for Puncak to 3.40...

wiwangwang, thanks, hope good news come this week...

mywb, actually, not much faith. but no harm, having some joy first...

http://news.sinchew.com.my/node/446288?tid=1

（雪蘭莪‧巴生3日訊）雪州州務大臣阿茲敏表示，雪州政府有信心如期接管雪州水供公司（Syabas）和商業高峰（Puncak Niaga）的營運。 他今日出席BaiduriDimensi私人有限公司新貨倉開幕儀式後，在媒體詢問下表示，隨著本月14日的期限已到，雪州水供管理有限公司（Pengurusan AirSelangor）將在本月15日正式接管，相信屆時能緩和巴生河流域的水供問題。 他表示，早前他與投資商會面，尤其是有意在雪州進行投資項目的投資商，他們非常關切水供問題，惟他已向有關投資商保證，將提供充足的水源。 “州政府將確保工業區獲得充足的水供，這也是在接管水供公司後，州政府所看重的一部份。” 續監督冷岳2濾水站工程 另外，他表示，儘管冷岳2濾水站計劃工程稍有拖延，但州政府仍會繼續監督中央政府，以確保此項計劃能如期完成。 他說，州政府將在來臨的2016年財政預算案宣佈新措施，以尋求替代方案來解決州內水供問題。 歡迎有意改革國家政黨 另一方面，詢及有關伊斯蘭黨須辭退有關州職或行政一事，也是公正黨署理主席的阿茲敏表示，公正黨向來持包容性態度，來接受各黨的意見，且任何有意一同參與推動國家改革的政黨，他們都無任歡迎。 “他們有權利商討有關事宜，這是該黨的權利。” 他說，當中的分歧無法在一兩天內就獲得解決，這必須在各黨商討後，才能有個決定。

thought I have posted a new news, guess its been found much earlier than I do. Luckily I am not in the news reporting business, sigh!

ks55, my reasoning goes like this. Puncak has a net cash of over 3.60 plus net non-cash asset of 1.00 after Selangor water asset disposal. If below 3, that would be a heavy discount to its cash position and not worth selling. At above 3.80, the cash discount is no longer there, meaning Puncak new business plan has convinced investors some what (unless its traded above 4.60), so its ok to sell if don't like the new business plan. between 3.30 and 3.80, the discount isn't much, so if there is a heavy discount for other shares in the market, switching is alright. between 3.00 and 3.30 though, the discount is still relatively large but not large enough, much like 鸡肋, thus making it a tough call if to exchange or not.

with regards to your Maybank at 5.00, I would assume investors had sensed future loan portfolio to suffer high default to result in heavy selling. At that point, I sure would rather hold puncak.

Puncak, to me, has 2 risks. One is if the deal CAN be completed in time, i.e., within the next 15 days. While current development seems to point towards completion, it has yet to be proved, particularly after past incidents that show politicians are not doing what they are saying, PR and BN alike. If this deal is completed within timeframe, I suppose there will be a surge in share price to reflect its cash position. Another side problem of share price reflecting cash position is anal-ysts reports all suggesting or making an impression a net cash of around 1 billion after special dividend, which is inaccurate. An analysis on its balance sheet will show that net cash after special dividend will be at least back to 1.5 billion, mainly due to its current cash position, reduced debt from sukuk conversion, and warrant conversion. There may be less sukuk conversion/warrant conversion, but the result, while result in net cash to below 1.5 billion, net cash per share will rise above 3.60.

Second is if Rozali will handle cash over 1.5 billion after special dividend with care until a 'really' suitable investment plan is adopted. I believe if share price is traded between 3.30-3.80, it is to reflect both trust level on Rozali with higher price suggesting better confidence (a major factor) and market sentiment (a less important factor given Puncak will become a cash company already).

hng33, sep 15 was 18 days ago, are you suggesting oct 15?

To me, if Puncak were to trade between 3.00 and 3.30, I would be facing the dilemma if to sell or hold. Below 3 is a sure hold, above 3.80 is a good sale while 3.30-3.80 is good if some alternatives could be found.

0-14 days to go...

Guess deal is to be completed soon, Langat 2 is back!

http://www.theedgemarkets.com/my/article/lgb-taliworks-consortium-bags-rm7587m-langat-2-reservoir-job?type=Corporate

LGB Taliworks Consortium bags RM75.87m Langat 2 reservoir job

KUALA LUMPUR: LGB Taliworks Consortium Sdn Bhd (LGBTC), the joint venture company of Taliworks Corp Bhd and LGB Engineering Sdn Bhd (LGBE), has been awarded a RM75.87 million contract to construct and complete a 92 million litre balancing reservoir for the proposed Langat 2 Water Treatment Plant and Water Reticulation System in Selangor.

In Taliworks filing to Bursa Malaysia today, Taliworks said the contract was awarded by the federal government’s Pengurusan Aset Air Bhd (PAAB) to LGBTC, in which it owns a 20% stake, via a letter of acceptance dated Sept 28, received today.

The estimated time frame for the contract is 27 months. LGBE and Taliworks entered into a joint venture agreement today expressly to undertake and complete the works in relation to the Langat 2 project.

LGBTC, in which LGBE holds the remainder 80% equity, was incorporated on Sept 23.
LGBTC has an authorised share capital of RM1 million, comprising 1 million shares of RM1 each, and an issued and paid-up share capital of the same.

Taliworks has injected RM800,000 for its stake in the company via internally-generated funds, its filing showed. The shareholders of LGBTC (Taliworks and LGBE) have undertaken to increase the eventual issued and paid-up share capital of LGBTC up to RM4 million, it said.

Subject to the approval of PAAB, LGBTC shall sub-contract 70% of the works to Taliworks’ unit, Taliworks Construction Sdn Bhd. The shareholders’ mandate related to the sub-contract works had been obtained at a recent annual general meeting of Taliworks.

“The JVA will encourage Taliworks’ participation with LGBE, in respect of future opportunities in the construction of civil engineering works in water supply projects.

The project is not expected to contribute materially to the earnings of the group for the financial year ending Dec 31, 2015, as it is still in the early stages of mobilisation and planning. However, it is expected to contribute positively to the future earnings of the group.

“The directors of Taliworks (save and except for interested directors) are of the opinion that the terms of the JVA are fair and reasonable, and are in the best interest of the Company,” it said.

Taliworks (fundamental: 2.4; valuation: 1.5) said that its director Lim Chin Sean and Datuk Lim Chee Meng who are substantial shareholders of the company, are deemed to be interested by virtue of their directorship and direct shareholdings in LGBE.

Taliworks, which is also in the midst of talks with Silk Holdings Bhd ( Valuation: 0.30, Fundamental: 0.20) to buy the latter's 33-year concession of the Kajang Silk Highway that is ending in 2037, closed unchanged at RM3.48 today, for a market capitalisation of RM1.53 billion. Year-to-date, the stock has gained about 78.5%, from RM1.95.

Has Rozali got mad with delay and showed his card? Or, just a coincidence?

http://www.theedgemarkets.com/my/article/180000-households-still-without-water-syabas-misses-upgrade-deadline?type=Corporate

180,000 households still without water as Syabas misses upgrade deadline

(Sept 30): Syarikat Bekalan Air Selangor Sdn Bhd (Syabas) has announced a delay in the upgrades to water supply machinery due to be completed this afternoon, meaning more than 180,000 households in Petaling and Kuala Lumpur will still be without water until the work is finished.

“The inlet valve replacement work on the Bukit Gasing Suction Tank and work on the bypass valve to the Bukit Gasing Pump House in Petaling Jaya, under the Mitigation Project 2, are facing delays due to some unexpected technical issues on site,” said Corporate Affairs Division executive director Priscilla Alfred in a statement released today.

The work has affected 103 areas in Petaling District (176,831 accounts) and in Kuala Lumpur District (7,000 accounts) since yesterday.

“Due to the delay in the upgrades, the resumption of water supply in the affected areas, will be delayed and take a longer time than the scheduled recovery period,” she said but did not give a new date when water supplies would resume.

“Syabas will continue to provide emergency water supply through tankers to affected consumers,” she said but added that people should use water sparingly because of the large area involved and priority being given for emergency use, and supply to hospitals, dialysis centres and charity homes.

Consumers can access details and the status of water supply in their respective areas by downloading the mySyabas app for free on any smartphone. – The Malaysian Insider

alas, forgot to add, 0 - 15 days to go...

hng33, yes, read more company announcements and reports before making decision.

speakup, it would seems to me there are two issues surrounding Puncak that needs to be addressed before investment from investors:

(1) Despite what was said, there is still no certainty that the deal will be completed according to schedule, especially after so many delays and blame game between state and federal

(2) negative anal-yst reports emphasizing only 2.90 per share from water asset disposal (omitting the fact that Puncak will have at least 3.60 cash per share upon disposal and full conversion of sukuk/warrants, will be much higher if no full conversion) and its losing money O&G business in the wrong sector (despite the fact that its rather small relative to its balance sheet and it still has over 500 million of asset, of which its landbank in Kuala Selangor is worth more than 180 million already based on recent ECO-World purchase)

Once at least of the above issue is addressed, we should see a spike as suggested by hng33, though its hard to say by how much, given so many negative anal-yst reports

hng33, I think CIMB's risk is not so much on the political side, but its foreign shareholders are among the highest (leads to more volatility and downward pressure on share price) and its business exposure in Indonesia, Thailand, and China could drag down its performance. In the past few quarters, dismal performances in Indonesia and Thailand are the major reason CIMB's results are disappointing. I personally like CIMB too given its regional exposure and had fallen from its 3 years peak of RM 9. But guess I will wait till December to decide. Plus, no much money left to invest anyway...

0 - 16 days to go...

Azmin is a big joke trying to delay the restructuring arguing about the ownership of land, and now it backfires... My curiosity, are recent disruptions really due to overdue maintenance/replacement? Or, is it Rozali's angry hand?

0 - 16 days to go...

money888 calendar day with the last day assumed to be Oct 14, the date another extension request is needed.

posby, have faith is one thing, stress is another, plus, posting the water disruption news has nothing to do with stress too. If you have noticed, since rozali becoming the ceo (or is it chairman) of Sybas recently, water disruption frequency has increased. Rather than saying that I am stress right now, you might as well said that I am mocking politicians, or our society, since we are the one voting for these politicians.

arr... forget to add, 0 - 17 days to go

More disruptions to come if deal not completed soon?!?

http://www.themalaysianinsider.com/citynews/greater-kl/article/3-day-water-supply-disruption-in-petaling-kl

3-day water supply disruption in Petaling, KL

Published: 26 September 2015 10:38 AM There will be a scheduled water disruption in Petaling District and parts of Kuala Lumpur from 8am on September 29 to 8am on October 1.

This is to enable upgrading and maintenance work by Syarikat Bekalan Air Selangor Sdn Bhd (Syabas).

Syabas said in a statement that the inlet valve at the Bukit Gasing suction tank and the by-pass valve at Bukit Gasing pump house would be replaced.

It said the work is expected to take 12 hours on September 29 but it will take another 36 hours for water supply to resume to normal.

0-19 day to go...

0-20 days to go...

mywb, you are posting a news related to water rationing to suggest restructuring is not even started yet?!?

Cheoky, you have a point...off to bookstore for reading

from CIMB

Eco World Development Group Bhd - Surprise analyst briefing
Eco World held an analyst briefing today to announce acquisition of a large tract
of land and to explain its new asset-light JV partnership strategy. Acquisition of
2,198 acres of land in Klang Valley for RM1.18bn or RM12.34 psf is positive, as
market price of land in the area is easily RM20-25 psf. RM3bn sales target for
FY15 is intact and new landbank to boost GDV to RM75bn.

Very geng, market price of land in Kuala Selangor is easily RM 20-25 psf. Err... when evaluating Puncak, with its around 280 acres land there, shouldn't that easily worth RM 240 - 300 millions then? Wonder if this is bias or ignorance?!?

sudahkena, same feeling here, so near yet so far... another 0 - 22 days to wait!