before crude oil price collapsed and Puncak no longer shariah compliant, Puncak was between 3.30 - 3.50 when Azmin delayed the consolidation. Wonder if we can reach this level again given agreement?!? And once restructuring is completed, wonder if Puncak will cross its earlier peak of 3.74 to between 3.80 - 4.20 to reflect its other businesses besides cash hoard of 3.70?!?

hng33, thanks your comments on Kulim, BJCorp and Parkson. Guess Puncak deal will take longer to complete then, its stated within 2 months. Sigh! Thought could be earlier...

Hng33 many thanks.No need sorry leh...

Good, at least thing will be clearer soon

roger, Puncak barely moves over the past 6 months, trading between 2.5x and 3.1x, with the range between 2.60 - 2.80 the most occurrence. On the other hand, over the past 2 weeks, most stocks have fallen (I guess its at least over 80%.) So, in the way, not too bad given only hurdle with Puncak now is a water restructuring completion.

hng33, seeking your opinion on Bjcorp, Kulim, Parkson, and Media? Care to comment?

hng33 yes, puncak can always claim a speedy court settlement is imminent due to a need to serve people water. But Singor seems to suggest Fed is not in a hurry to solve the water issue too, sigh!

Singor, I don't know what to be gain with a lengthy delay of water restructuring (guess that's why I can never be politician.) Our politicians need to learn to COMPROMISE! Umno losses that when they have the majority for too long (getting too bossy), and PKR acted as if they can do anything with people's mandate (they really need to look at and learn from Tsipras). Truth is, they are anything but a form of extremists!

Singor, you sounds like there is no hope in finalizing a solution? Truth is, has the land issue be so critical to the Selangor Sultan, Khalid won't be allowed to sign the Master Agreement in the first place. Azmin is clearly politicizing land issue lah!

Also, something I don't like about the Ministry of Energy and Water's comment yesterday. There is no comment on how and steps to be taken to address the last hurdle in getting water deal completed or if there is any steps taken to address water shortage. Good luck to us, now even bureaucrats are in blaming game...

jacklintan, no idea, but he did mention he sold Puncak yesterday before closing though

ImCK & chrischan, alas, hng33 has bought and sold Puncak the way he sees fit for quite some time. When he sold yesterday, he did make us known of his trade but we didn't follow or hesitated for too long. His approach, while earning him bigger return, carries additional risk (I believe) as well. I am used to buy and hold for slight longer period (my longest is Citigroup for 7 years already) and not good at trading short term. So, follow him if you find his approach good or learning other approaches that you are comfortable. No need to hantam hng33 lah, he has contributed a lot towards updated news and financial analysis of Puncak.

what I never understand is why can't Azmin just call up Ongkili to verify the status before announcing the news in the public? It's AG that request for state to handover the land rather than Ongkili. A double confirmation from Ongkili would have made matter clearer.

hmm... thought with state and puncak both giving ultimatum, it should be good to finally close the deal?

ckk2266, what an excellent news to start the day! The whole restructuring has been hard to swallow and against common sense of addressing the issue as soon as possible. With the details out, at least we would have to rely on 'insiders' for updates... Or, at least I don't have to keep on calling Azmin stupid

The news is out around 4.10 pm, yet by the closing, Puncak price is at 2.68, up 1 cent. I guess the situation is not as dire to the extent a sale is urgent?

my guess, the request for land is due to insufficient collateral? or, something worse?!?

guess we should hear from Ongkili soon.

hng33, what do you think of BJCorp? I sold mine at .395-.405 when needing funds to add Puncak late last year/early this year. I am thinking to hold 6 months to a year for a potential capital gain but a bit concern about its big villain boss

hng33, seems like the restructuring has only one last hurdle, i.e., the land. And its an old issue that can't be addressed unless either side, state or federal, decides to give in. Guess this is also why I dare not sell after holding for so long, anything is possible in this BOLEH land

attracted to OSK too, but all money tied up with Puncak. Dare not sell, going to feel extremely bad if I were to sell and only to realize deal sealed the next day, sigh!

roger, fainted, never understand your comments and insiders' info, sometimes here sometimes there...

after so many wolves are coming, is this time for real? Any insider news to share?

those greeks are crazy, wonder what would they do if EU decide to provide only humanitarian assistance but not toning down on the debt restructuring or conditions for further assistance. Sigh, crazy Tsipras, yet preferred by so many Greeks!

Singor, how do you know roger has absorbed at least 500k?!? Also, how do you know 'contra' has 609k to sell?!?

wonder what's holding Puncak? Thought its the one benefitting the most out of the water restructuring. Still, when KPS is rising, Puncak barely keeps it Friday's price. Sigh!

Najib stays on, Malaysia sad; Najib resigns, his whole family sad. What would u do if u r him?

if azmin only, I would have doubted his sincerity, given his past records. thanks, ckk2266

hopefully we will see 3 next week, good to know that the ministry of water & energy has spoken

having little faith with Azmin closing the deal 'soon' but knowing that a deal will be completed in near future nonetheless?

don't worry lah, the not so shocking one is very thick face one, knowing very well what would happen to him should he step down, wahahaha....

I enjoy calling Azmin stupid, arrogant, only to realize that there is a higher grade one... Yet, how come I am not shocking anymore?

Funny thing is I have only heard Azmin saying this saying that without any comment by PM, DPM, or Ongkili. Far more interestingly, there has yet to be a reporter approaching these 3 for confirmation. My guess, if Azmin can't satisfy all conditions before July 14, Federal will use WASIA...

how come, after reading the news on letter to DPM, I have a feeling there are more issues to be addressed? Azmin said, "Today, I have written a letter to the DPM as a follow up to ensure one or two other issues can also be resolved immediately because I really hope that the restructuring process can be finalised before Hari Raya" I thought he had earlier said only one issue left 2-3 days ago?!?

Damn Azmin!

Big joke, in http://bm.selangorku.com/77285/kekurangan-air-terawat-punca-gangguan-di-hulu-langat-kuala-langat/

... Justeru, Kerajaan Negeri Selangor terus komited dalam pelaksanaan Projek Langat 2 yang dijangka siap sepenuhnya pada tahun 2019 seterusnya menyelesaikan gangguan bekalan air di Negeri Selangor secara sepenuhnya....

I still recalled, if I were not wrong, one of the reasons Khalid's being kicked out is the approval of Langat 2. I saw a speech by 刘镇东 in Malaysiakini TV, citing the needless Langat 2. Not that I agree with Khalid, but do pity him.

sudahkena, its not 1 week from 'soon.' Azmin has used it quite often since late last year if I were not wrong, sigh!

Hng33, ur in out timing in puncak is great, what's the secret?

Singor, politicians can't be trusted, sigh!

Singor, so, are you currently holding or has already sold your position in puncak?

is it possible epf back to buying again? saw a purchase over 100,000 shares just now at 12:12:36

roger, if you think puncak has upside potential, just buy and support lah.

singor 2 bil for splash, really? Khalid really screws up PR this time round if PR insists on 2 bil for splash

how come stupid Azmin kept saying no water rationing in Selangor? Or that I have read the news of late incorrectly?!? Also, still one more issue to be addressed?

chrischan, haha... you got the news from Dec 16... I increased my margin to sell my warrant and buy parent at an advantage of around 6/7 cents (warrant is 6 to 7 cents higher than parent) around February. Looking at the recent prices now, should have kept my margin not used to only exchange now, its at least 10 cents difference. Sigh!

singor, I also 'strategize' my investment in Puncak as short-run, but it turns out to be longer than 6 months (average) while some holding 1 year. Sigh! 一波多折啊

I would rather PR spend more time on sorting out Selangor water deal than a meaningless coalition deal

Those selling puncak gonna cry hard hard, luckily I keep same policy, hold til clearer picturefrom that stupid Azmin

I was reading Tsipras stories with only one conclusion, crazy bastard ruining his own country. Hope the stories don't depict the true picture.

hng33, I want people to buy Puncak leh, not selling. Would only encourage Roger to join our ship together should he be keen

market seems to be quite ok given Dow's big decline, a huge relief!

hng33, hope azmin and ongkili are not foolish this time round, sigh!