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.

cheoky agree. I have similar concern. I think Puncak price is falling much less compared to others due to possibility of a deal to be completed soon. If deal can be completed in the next few days and Puncak trades above 3.30, I should be on a buying spree after selling my Puncak.

cheoky, haha... I listen to all three, hng33 as trading pro, Singor as insider tips, and Roger as contrarian warning. I am not like hng33 good at cutting loss & Singor good at collecting info, so Roger's warning helps in making sure I don't hold too much

http://www.nst.com.my/node/96526

SHAH ALAM: A review will be carried out on the Selangor government free 20 cubic meter water programme in Selangor.

Menteri Besar Azmin Ali said there was a need to study if the programme fulfils its main objective to benefit lower income with the supply as there were complaints that it was used for gardening and swimming pool. Azmin said there are no plans to stop the programme.

While the Selangor government has no plans to increase the water tariff at the moment, consumers may have to pay more once the restructuring of the state's water industry is completed.

Menteri Besar Azmin Ali said the state government now needs to conclude the final stage with Syarikat Pengeluar Air Selangor Sdn Bhd (Splash).

"We do not know what is the quantum needed to be paid to Splash. For now, there is no hike but in the future, we have to see what is the mechanism that wouldn’t burden the people. This is the responsibility of the state government as we cannot simple transfer the cost to consumers," he said at the sidelines of the Selangor state assembly today.

Guess we should see the restructuring completed end of this month?

http://www.thestar.com.my/News/Nation/2015/08/17/Selangor-Review-Free-Water/

Selangor mulls fine-tuning free water scheme

SHAH ALAM: The Selangor government may review its free water scheme to ensure that it benefits only those who really need the aid.

Mentri Besar Azmin Ali (pic) said some of the beneficiaries were using the monthly 20 cubic metres of free water to water plants, wash cars and fill their swimming pools.

"How can we subsidise these activities? I don't think it is fair,"’ Azmin told reporters at the sidelines of the state legislative assembly session here Monday.

Azmin said he has invited assemblymen to debate the matter when the budget is tabled in November.

"There are ways and means to ensure the targeted group benefits from the programme, so we have to look at the best mechanism," he said, adding the state spent between RM120mil to RM150mil yearly on the free water scheme.

According to Azmin, the cost had gone up after the migration of bulk meter water supply accounts to individual meter water supply accounts in high-rise properties in the state.

When asked if the review would disgruntle Selangor residents, Azmin said he did not think it would.

"If you give a proper explanation and justification on why we need to review, they will understand," said Azmin.

He said the purpose of implementing the scheme was to help those from the lower income group.

He assured there were no plans to abolish the free water scheme even after the conclusion of the ongoing Selangor water industry restructuring exercise.

To a question if there would be an increase in the water tariff rate once Selangor fully takes over its water industry from the current private concessionaires, Azmin said there were no plans to do so at the moment.

However, he did not dismiss the possibility of an increase in the future.

"We have to look at the entire process once the whole industry has been restructured,"’ said Azmin, adding that currently, only three concessionaire companies - Syarikat Bekalan Air Selangor (Syabas), Puncak Niaga Sdn Bhd (PNSB) and Konsortium Abbas Sdn Bhd (Abbas) - were involved.

He said the final stage has to be concluded as well with the fourth concessionaire company Syarikat Bekalan Air Selangor Sdn Bhd (Splash).

"We don't know what is the quantum that needs to be paid to Splash,"’ said Azmin.

He reassured that the state government will not make any decisions that would burden the people.

"We cannot simply transfer the cost to the consumers and so we will look at a suitable mechanism to reduce the burden," he said.

roger, no joke? Won't have money to top up by then already, may have to sell my US shares, sigh! Politicians screw up our nation, and I have to take part paying the price

sudahkena, agree. but I think not many people really knows what lies ahead of the restructuring issue. Better be, otherwise, should have dropped more than just a few cents

wonder when will they announce the completion of water restructuring? Luckily I sold warrant @ 1.59 this morning to buy some Puncak @ 2.44 just now. hmm... actually, not lucky at all, cause more warrants sold then Puncak bought, averaging up my cost to breakeven. Fainted!

how nice would it be if by the market closing today that Selangor water restructuring completion is announced. Sigh! Another day of dream...

Singor, thanks. Your insight is much appreciated.

Singor, are you totally out of Puncak, or just trimming position? Selling out of concern the whole deal will be delayed again?

Roger, if hng33 had traded thousand, he made a few ringgit, if hng33 had traded hundred thousand, he made a few thousands. So? The point is he has made his entry and exit known to us and he dares to outsmart the market, which most of us don't. If we can't do what he did, just applaud his courage and profits. A bit jealous is OK lah but don't have to be so 仇富。

Hng33, u r very hebat!

upsidedown, there is no need for capital control. Just have 1MDB sent back the money, hahaha... Anyway, joke aside, EPF, LTH and other government linked companies can always sell their overseas property investments and repatriate them back. These investments are in part due to too much hot money flooding our nation few years back during USA QE era

alas, any scenario is possible. we are no big bosses, only big bosses know how they want the Puncak price trend looks like. Hng33 has already made money in Puncak, and he is working on making more, so doesn't really matter if its ladder up or shoot up trend. Its people like me who has waited long time without selling that can't sell fearing inability to catch the flight in a shoot up scenario.

hng33, sounds interesting, will read iwcity annual report tonight. Thanks!

hng33, 厉害厉害,佩服佩服！I have avoided pure property players in Malaysia since 2 years ago - never believe the property prices can be sustainable...

hng33, your skills can only be envied, sigh! Hard to learn and profess...

Singor, hopefully, Puncak sells everything and return cash to us all, guess will be at least 4.20 per share. Equity market is bad, guess would be hard to even break 3.50 with Selangor water asset disposal. Hahaha... again, wishful thinking!

hng33, if I were not wrong (can Singor confirm?), the loss of hebei disposal has been written off before, which is why its mentioned in the announcement that there will be no impact.

Singor, wah, you really have good source man! A bit upset though, I thought you are referring to the disposal of Shandong water assets. Think that will be a huge upside potential on price, a water business exit game play -> liquidating Puncak -> more than 3.70 cash per share. Hahaha... wishful thinking here. Still, your information is much appreciated.

money888, such a small deal without even offering profit into the deal (its most likely a loss that has been book earlier,) how could that have any impact on Puncak share price? Hope Dow Jones recovers closer to the end of the day, otherwise, most likely another bad day for us all. Sigh! Market seems to be in favor of short term traders of late...

what do you mean 1k or 2k?

manage to sell some Puncak warrant at 1.64 and buy Puncak at 2.50. RM 0.14 differences if including the conversion cost, too tempting not to switch. Still, sigh!

hng33, with so many cheap shares in the market right now, it would be hard to assume Puncak will reach its previous peak. I am a bit hopeful for a 3.30 - 3.40 though, assuming a deal to be completed soon, say within the next 18 days? Hopefully, it will right on time for me to buy some shares, just not sure what to buy yet

hng33, you have a point. Guess even with the restructuring completion, Puncak price will have a hard time climbing to its early peak