Shameless Azmin ignores the facts n put selangor water supply at risk all because of politics

upsidedown, that would be great! the higher the merrier.

hng33, your rules are hard to follow leh! still, thanks!

upsidedown, I never believe in a relationship that's transferrable on conditions, haha... anyway, wish our Puncak share price will be at least 3.50 pre special dividend of 1 per share

upsidedown, thought jacklintan already said 'his/her' name is Jack and you still have hope?

Singor, thanks for the update

roger, its ok lah, I am rather motivated right now, thanks to our governments', state-wise and federal-wise, non-stop free jokes.

roger, I am not sad, I am furious, not because losing money, but because believing in what Azmin said! I don't know how much you have lost, but to me, I lost not just paper-wise, but opportunity to grab others. Azmin thinks he can main-main everyone, then I will show him my vote till I am dead!

Singor, thought u sold all already?

Cheoky, that's what I m doing and why I m so mad at Azmin

roger, what's the whole point of fighting each other? Might as well curse Azmin together for his lies after lies! One thing for sure, I will not vote for any PKR candidate until Azmin is fired!

best if Puncak just sell off everything and distribute shareholders cash

http://www.theedgemarkets.com/my/article/fix-ringgit-freefall-and-political-instability-johor-sultan-tells-putrajaya?type=Markets

Will najib ignore again?

hng33, congratulations! and thousand congratulations!

hng33, thanks for saving the day, but guess only an announcement by government that the water deal is completed can save the day for Puncak, damned Azmin, curse him!

fainted, heard Japan is falling 1%; hopefully the market will start to calm beginning today after so many selloff, including the US

hng33, agree. But Saudi also has the most to lose when oil price is around 40. Think eventually it will have to be Saudi the first to announce cut and awaits other to reciprocate.

And a comforting news right now would be a gradual recovering in the US market

well, US10 is the cost of production before including social cost. Given budget deficit of over 40 (or is it 50) billion USD this year alone, Saudi can't keep this game indefinitely

IEA and EPA

hng33, do not agree, Saudi production has increased more than 2 million barrels per day since Iraq embargo that Saudi could easily cut down. Demand for crude oil has actually increased to 94 million barrels per day from 92 million barrels per day (didn't check figure carefully, but can confirm easily through most reports available online.) Furthermore, the slower oil demand has actually not caused by 'slower economy' reported by news as I see it. It has more to do with newer technology developed to improve energy efficiency due to high oil price (consistently above 100 over a few years!) Well, anyone could put in any conspiracy theories into this.

hng33, agree. Given sharp drop in US right now, guess your scenario could play out right

hng33, I think we have more to fall, given poor plantation performance and low oil & gas price. Further weakening could be seen in property and bank stocks. Hopefully, it will end before consumer and industrial stocks are heavily affected as well. Guess the only thing to hope for is a Saudi production cut announcement, around 1 - 2 million barrels per day...

fainted, soon roger will be addressed as 七伤拳。。。

hng33, fainted, while knowing you are targeting roger, can't help but feel bad myself for holding on. Sigh!

roger waiting for 2.30?

Cheoky, well said, hope its lychee or longan instead of durian

truth is, BN, PR, and PAS are all lousy, especially BN, not only lousy and corrupted, thick face too!

think funds are supporting market before merdeka day.

I think Khalid wants to 'clear' his name by showing that whatever Azmin does, the cost of restructuring is not better than his or is actually worse off publicly.

upsidedown, sigh! I am not the one flirting without knowing the other side in person, man.

only 82,000 shares traded in almost half a day?

Singor, thanks for clarification.

upsidedown, have you heard of 意淫？this is the best you can do through internet lah... so, why should you care so much about Jack's gender?

Singor, thanks. may I know why would you think highway approval would lead to no turning back on water restructuring? Langat 2 to secure water supply in case ulu klang and ulu Langat water are not good?

yeah... can't believe Dow is falling this much, wonder if it's China earlier losses, Greece election issue, North Korea crazy kid, or a combination of the three leads to such a drop.

hng33, its ok, 1 may be upsidedown is female; 2 may be upsidedown is ok with loving another guy 3 may be upsidedown can love 'her' soul-wise, not physical-wise. Plenty of maybe, like Puncak

Jack, so you are a guy rather than a girl? I admire Hng33's skills, when he sell I take caution and sell some if I have made some profitable short-term trade on Puncak earlier. Otherwise, mostly admire. I will take cautious move when Roger said deal will not be completed soon and price will drop further by try not jump in. Well, it is a bit too late today, I bought some Puncak warrant @ 1.58 today when seeing Puncak broke even today. While with an initial intention to sell after making some profit, I didn't act accordingly. Guess that's why I try to avoid short-term trades. As for information, think Singor is more trustworthy but he has not posted any lately.

jacklin, aiyo, if you agree with roger and have used margin account, then keep some cash in case Puncak drops; if you disagree with roger, then just ignore him. I for one has decided to keep my position till water restructuring is completed, though, an earlier settlement is definitely much appreciated. Meanwhile, will keep on cursing Azmin till he completes the restructuring. Yeah!

roger, ok, thanks for the information. Sigh! have to wait another 4 moths...

roger, you are very professional language-wise... will reach 3.20 no joke means will never reach 3.20. thanks for your info, though

roger, what do you mean by 'will reach 3.20 no joke' follow by 'the most 2.80+'? Do you mean at least 2.80, and most likely 3.20?

roger, I have been all the while on the waiting mode lah... not smart like hng33 or informative like singor, sigh! can only hope azmin not screwing up his head until the deal is completed.

hng33, just said respect, and now you 画鸡画出肠了，唉！you should have left other guessing before telling the meaning behind it...

hng33, respect! haha...

Puncak barely traded so far, wonder if it is 暴风雨前的平静，抑或是曙光前的宁静，还是毫无头绪的静待?

hng33, 羡慕但不敢尝试，唉！

smartly, you have a cost of 2.60, I have a cost of 3.00. Hope this comfort you

Hng33, OK lah. Now we all like high school again, 七伤拳，九阳神功already

Based on Roger earlier post, think he has some puncak shares too, n making losses like me, just react a bit strange..

upsidedown, which part are you referring with regards to my pessimism? Is it "Think PR is Selangor is a real big joke! Don't even know how they have benefitted the people delaying the water restructuring for such a long time... "

If you are referring to this, well, I am pessimistic about the management skill of PR (and future federal under PR) rather than future of Puncak. Based on his statement, Azmin seems to suggest higher water tariff in future, leaving only on whom should bear the burden. An earlier settlement with Puncak & Gamuda should lower the cost of restructuring, but Azmin has emphasized politics over the administration of water issue.

Think PR is Selangor is a real big joke! Don't even know how they have benefitted the people delaying the water restructuring for such a long time...

http://www.malaysiakini.com/news/308892

Selangor residents may have to bear higher water tariffs in future after the master agreement on the state’s water industry restructuring has been finalised, including the taking-over of the water concessionaires.

Menteri Besar Mohamed Azmin Ali said increased water tariffs might be considered for the long term due to the expected take-over costs to be borne by Pengurusan Air Selangor Sdn Bhd (Air Selangor).

“Implementation of the finalised agreement will surely involve the cost of restructuring the industry to ensure the supply of quality water, but the state government will not burden the people.

“To reduce the 35 percent of non-revenue water (NRW) currently, will also incur a high cost,” he said in reply to a supplementary question from Dr Wan Azizah Wan Ismail (PKR-Kajang) at the state assembly sitting in Shah Alam today.

Earlier, Mohamed Azmin (PKR-Bukit Antarabangsa) said the master agreement was finalised with the federal government on July 10, with a 60-day period for the implementation of the main conditions in the agreement, including the process of taking over the concession companies.

He said that to date, only Syarikat Pengeluar Air Selangor Sdn Bhd (Splash) was still in the negotiation process, while that involving three other water concessionaires, Syarikat Bekalan Air Selangor (Syabas), Konsortioum Abbas Sdn Berhad (Abbas) and Puncak Niaga Holdings Berhad (PNHB) had been completed.

The menteri besar admitted that Selangor was facing treated water supply problem due to the lack of treatment plants to meet the supply needs of residents and industries in the state.

“The problem in Selangor is not due to raw water supply but inadequate treatment plants, which requires the building of the Langat 2 Water Treatment Plant to be expedited,” he said.

To a question from Ng Suee Lim (DAP-Sekinchan) on the giving of free water, Mohamed Azmin said the state government would study the matter as some consumers were found to have abused the facility.

“There have been claims that some who receive the benefit of free water, have been using it to wash cars, water their gardens and so on. However, at the moment the state government does not intend to cancel the free water programme,” he added.

hng33, why so hard on roger? If based on what you have posted, he must also be holding Puncak like us, more or less. So, lets all pray a deal to be announced within the next few days and price rises up to more than 3.30.