hng33, nothing much can be done now unless others shares fall another 10% below Puncak's fall. I will re-allocate some then. Currently, its still not attractive enough to shift. My bigger issue is not concentration, rather, its too much leveraging while I have no intention to sell my foreign holding to reduce my leveraging in Malaysia.

so glad to know there are still some believing in 3.80 while its at 2.62. Sigh! Why can't the stupid state and federal government get the restructuring done soon?!?

well, hng33 is making small profit while gauging market while roger takes the hard step to cut loss looking to buy at lower price. Alas, I am the worst, buy and hold until no money to buy others right now, so itchy yet dare not move, sigh!

Singor, are you suggesting the deal will be completed soon? Wonder who is dumping Puncak then?!? Shouldn't this be the best time to kumpul?

Hng33, sure can understand your strategy, just that I m not good with this approach. Thinking about trying this approach next year if can sell my puncak. Kind of believing that next year will be yo-yo year

hng33, money already tied up in Puncak, sigh!
money888, when Azmin and Ongkili complete the restructuring?

hng33, forget what others have to say lah. You disclose, there will be people saying you unethical, you don't disclose, also got some saying you unethical. Just remember, there are others who appreciate your analysis and disclosure, like me.

Singor on the other hand seems to know quite a bit about restructuring issue

Roger, don't think hng33 trades based on'insider news', more like technical trends with fundamental support

went to a seminar last week, learn a term 'lower low, lower high' that signals price trending lower and should be aware of catching a falling knife. Looking at Puncak since May, I see a 'higher low, higher high', does that mean Puncak is going to rise much higher sooner?

3.30, given the risk I have assumed, the profit margin is not good at all. Sigh!

excellent, hopefully the whole process will be completed before August 15 as suggested by Singor...

Our PM is a laughing stock of the world. Luckily I voted PR in last election, at least I can tell people I didn't vote for him...

tired of seeing Puncak ups a few cents only to see it drops a few cents later, yet dare not buy further or sell any...

well, while he may be filthy rich, people will wonder what kind of person his father is to bring up a son like this... or how he will be remembered in history? Will his future generation 过街老鼠人人喊打？ Hmm... I am not referring to PM here, I merely refer to anyone who has robbed a nation its wealth.

Think its better to be lonely than like PM popularity now... no offence

痴痴的等，何时方了啊！

0 trade after 1 hour into the market? Wah!

Singor, how would selangor state able to pay back debt if offer for splash increases while water tariff not increased? Anyway, so long puncak receives 1.5553 bil, it will be selangor residents taking the final hit

Hopefully puncak will rise to at least 3.70 then, yummy yummy

Azmin is full with surprises, guess we won't see much movement till assets are transferred to federal for cash to buy puncak

hng33, you are real brave.

Roger, alas, trapped less than 1 week n complain already?I m trapped 1 year already, well, some 6-8 months

Tarik nafas? Beharap bukan tarik leher

roger, no, still holding and have faith, despite a bit shaking, haha...

hng33, one of the reason that I am having trouble selling is the fear of remorse when deal is completed within days after I have sold my Puncak. Not so much about selling at loss cause I have some purchased between 2.60 - 2.80 that could be sold without much losses.

Hng33, too deep into puncak to change strategy now,sigh!

hng33, well, should know in 2 weeks time if a deal will be sealed and completed given that its almost 3 weeks since state and federal signed the supplementary agreement

hng33, yes, just wonder, I would assume M is behind the sacked M.

fainted, is Najib running out of option to gather support?!? It would be a big joke if federal decides not to honor the supplementary agreement, but anything can happen in this Boleh Land... Hope the deal goes through though

http://www.theedgemarkets.com/my/article/edge-tmi-malaysiakini-barred-covering-cabinet-reshuffle

PUTRAJAYA (July 28): Reporters and television (TV) crew from The Edge Media Group, The Malaysian Insider (TMI) and Malaysiakini were barred from covering the announcement on the Cabinet reshuffle here this afternoon.

At least seven reporters and TV crew were told by policemen on duty that they were given instructions not to issue passes to the three media groups to enter the Prime Minister’s Office (PMO) where a press conference chaired by Prime Minister Datuk Seri Najib Razak on the Cabinet reshuffle is being held.

One policeman stalled The Edge reporters at the pass collection counter, stating that he needed further instructions from his senior officers. This is despite having showed valid media passes issued by the Information Ministry and noting that the write-ups are for theedgemarkets.com.

The Home Ministry had last Friday suspended The Edge Weekly's and The Edge Financial Daily's publishing permit for three months from July 27 because of their reporting on 1Malaysia Development Bhd (1MDB).

The two Malaysiakini reporters and TV crew were also not allowed entry at about 1.30pm, even as other reporters from the mainstream media were given passes.

Malaysiakini and TMI also have valid media passes issued by the Information Ministry.

It is understood that the refusal to allow The Edge coverage at PMO started after the recent suspension on both its weekly and daily publications.

Earlier at the press conference, Najib announced that Datuk Seri Ahmad Zahid Hamidi is the new deputy prime minister and will also retain his current portfolio as home minister.

Najib also announced the removal of Tan Sri Muhyiddin Yassin as his deputy, calling it a "difficult decision" but one he had to make to ensure that the Cabinet operated as a collective unit.

Najib added that the Cabinet reshuffle was done after taking into account political considerations and the needs of his administration to ensure that it remained focused on implementing Malaysia's development.

alas, nothing can be done now except for waiting for more clues from Azmin and Ongkili, dumbass politicians!

hng33, what's your portfolio stocks and stocks of interest? Seems like you have some that I also carry besides Puncak. I also own some BJCorp & MNRB (sold mostly to buy Puncak) and ORIENTAL, Interested in Media, Parkson, Kulim, Airasia, Padini, MMCCorp, MPHB, BJTOTO, CIMB, Insas - no decision and no money to invest anymore, haha...

tired watching puncak share price yo-yoing for so long, hope Stupid Azmin just speed up things lah!

hng33, didn't realize you are also into MNRB...

hng33, didn't realize you are also buying mnrb

http://www.malaysiakini.com/news/306029

Is Najib's days numbered?!?

童贵旺发表文告说，新加坡《海峡时报》刊登的祖斯多访问也证实他并没付钱，以购买这些机密资料。

他强调，这是要“诓骗”（misled）祖斯多，以取得机密资料，踢爆一马公司案。

“是的，我们诓骗他。但这是取得证据的唯一途径，以踢爆一小撮马来西亚人与外国人，如何欺骗马来西亚人民的18亿3000万美元（约69亿7000万令吉）。”

“他的访谈言论，也证实我们之前所说，即我们从未付钱给任何人。”

否认篡改文件倒政府

童贵旺指出，祖斯多在《海峡时报》的访谈文章中显得十分愤怒，但这可以理解，因为他并没按照祖斯多的要求付钱。

针对祖斯多指责他取文件的目的是要推翻政府，童贵旺也“四两拨千斤”地否认。

“肯定的，如果我们有这个企图，我们不会告诉一个初次见面的人。更何况，我们知道他一定会不满我们，因为我们本就打算不会付钱给他。”

童贵旺也否认The Edge媒体集团篡改文件。

“没有篡改，我们马上在含有40万封电邮与文件的硬碟，采用数字指纹加密。”

“我们本周交给国家银行、警方与反贪会的光碟，正是祖斯多交给我们的同一个副本。而祖斯多也已说明，他并未篡改文件。”

“这是18亿美元骗局”

童贵旺指出，The Edge集团根据文件整理出来的资金流，显示一马公司的资金如何流向不同人在数个国家的银行账户。

他说，The Edge集团已把这些资料交给调查单位，而我国当局可轻易向其他国家的调查单位确认真伪。

“可以理解，祖斯多怨恨不平，但这起事件无关祖斯多，也跟我们无关。这是通过一马公司与沙地石油联营计划，以骗取马来西亚人民18亿3000万美元的骗局。”

童贵旺表示，随着一马公司如今面对多个政府机构调查，再加上一马公司濒临破产，亟需拯救，印证了The Edge媒体集团一直以来的报道与揭露。

“我们没有做错任何事，我们在这里协助调查单位调查，而不像那些似已失踪不见的人那样。”

Edge紧咬一马公司

上月，祖斯多涉嫌勒索前雇主沙地石油公司，在泰国被捕。

其后，马来西亚政府一再宣称，从沙地石油公司泄漏而出的文件资料，曾经人篡改，以陷害首相纳吉与一马公司。

《海峡时报》在泰国扣留所访问了祖斯多，并在今日刊登访问稿。祖斯多在访谈中提到，大马商人献议760万令吉向他买下这些涉嫌从沙地石油国际公司偷窃出去的资料，但对方至今却尚未付钱。

祖斯多表示，他在今年初会晤这些买家，对方商量着如何利用这些文件“推翻马来西亚政府”，同时谈到“篡改文件”的计划。

The Edge媒体集团旗下刊物包括《The Edge财经日报》与《The Edge周刊》。

两份报刊最近几年紧咬一马公司，并揭露多宗一马公司的争议。

本周一，《The Edge财经日报》即踢爆，年轻富豪刘特佐与沙地石油国际公司，通过一马公司诈取逾18亿美元。

My question raises puncak share price? Fainted..

Somebody has to be willing to sell these many shares also before roger can buy leh

Any idea why so many shares change hands @ 2.77? Thanks

roger123, yes, if puncak don't move this year, I will most likely suffer, and that's why I curse Azmin so much...

hng33, your strategy sounds alright. Problem with me is I can get greedy when its supposed to be the time to sell...

haha... I am hoping for at least 3.70 cause I didn't sell at 3.74 last time, nothing about being happy. will see how things go after restructuring completion is announced

hng33, I tried once with puncak call warrant, it went from a profit of over 50% to a loss of 100% having too ambitious on water restructuring... Now, try to avoid any call/put warrants unless I learn how to sell first.

Singor, o o , I c. wonder what's hng33 target right now? Seems like my wish of at least 3.70 is way off right now

Singor, thanks. Why are you expecting only ex-date price of 2.20/2.30? I was kind of hoping that 3.70 is not far from now. Good to know hng33 is back to puncak too.

Singor, where do you learn that Rozali is liquidating China's businesses? Read in announcement Puncak increased investment last year

I have managed to sell Puncak-W and buy similar Puncak shares for the past few days with a RM 0.89 - 0.90 differences per share. Wonder if this is a right move?

well, kenanga lowers TP while RHB increases TP. Had institutional investors bought enough or wanted to unload?

from CIMB:

What We Think
The supplementary agreement to the master agreement for the water
restructuring exercise in Selangor, which was signed in 2014, is positive but
long overdue. It is good news that both sides of the government have sorted out
the land transfer issues but the 60-day allowance for both parties to comply
with the undisclosed condition precedents (CPs) suggests that the impact will
not trickle down to the stalled water deals of Puncak and Gamuda in the near
term. Our channel checks support this view. The state's deteriorating reserve
margin for treated water, which dropped to below 1% as at Jun 15 (from 5%
since 2008), unscheduled water disruptions and risk of non-revenue water
(NRW) rising above the current 32% level could lead to faster revival of
Puncak's RM1.6bn sale and purchase (S&P) deal with the state. We would place
greater conviction in this if Puncak announces that the CPs for the S&P have
been fulfilled, as this would provide clearer timing of the RM1/share special
dividend payout. For now, the earliest window appears to be 4Q15, in our view.

singor, thanks, just particularly upset for having to wait longer...

http://www.theedgemarkets.com/my/article/water-sector-%E2%80%98overweight%E2%80%99-says-kenanga?type=Markets

KUALA LUMPUR (July 13): Kenanga Research has maintained their ‘Overweight’ stance on the water sector, with a recommendation for investors to accumulate shares in Puncak Niaga Bhd ( Financial Dashboard) for their special dividend payment of RM1 per fully diluted (fd) shares.

This follows the signing of the supplemental agreement for the water industry restructuring and consolidation of Selangor, Kuala Lumpur and Putrajaya last Friday (July 10), which concludes the negotiations of the Selangor State Government (SSG) with the Federal Government.

“This news certainly reinforces our ‘Overweight’ stance on the Water sector,” Kenanga analyst Iqbal Zainal said in a sector update released today.

He also revised Puncak Niaga’s target price (TP) down to RM3.29, from RM3.99 previously, but said it was still an ‘Outperform’ call with a potential upside of 18%.

Although SPLASH was not mentioned in the SSG’s media statement, it was believed the SSG would negotiate with Gamuda and Sweet Water Alliance, SPLASH’s shareholders, after the completion of Puncak Niaga’s SPA to resolve their valuation issues.

Downstream players such as Hiap Teck Venture Bhd ( Financial Dashboard), Engtex Group Bhd ( Financial Dashboard), YLI Holdings Bhd ( Financial Dashboard), George Kent (M) Bhd ( Financial Dashboard), and Jaks Resources Bhd ( Financial Dashboard) are expected to benefit, following the SSG’s announcement that it would focus on improving the water treatment and distribution systems to reduce the Non-Revenue Water (NRW).

Kenaga expected this to benefit pipe makers over the medium-long term, rather than the near term, as they do not foresee the government spending aggressively on replacing water pipes in the near future.

Tired of waiting, just grumbling...