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

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...