NGO push for faster water industry restructuring
Posted on 15 May 2015 - 05:27pm
Last updated on 15 May 2015 - 07:20pm
Choong Boon Siew
newsdesk@thesundaily.com

PETALING JAYA: The water industry in Selangor ought to be finally restructured, and the Langat 2 Water Treatment Plant project completed as soon as possible, a prominent water NGO has urged.

In a press statement, Aldric Loong, president of the Water Association of Selangor, Kuala Lumpur and Putrajaya (Swan) questioned the recent statement by Selangor Mentri Besar Mohamed Azmin Ali, who claimed the water reserves and water levels at all dams are sufficient.

“This is ironic, as various incidents of raw water contamination since the beginning of 2015 has caused treatment plants to temporarily close, leading to water disruptions in many areas throughout Kuala Lumpur and Selangor.”

Loong stated if the water reserves were enough as Azmin claimed, why were disruptions still occurring, with no contingency plan in sight to resolve it.

Additionally, said Loong, Swan felt that Azmin had taken Syabas CEO Tan Sri Rozali Ismail’s statement out of context, noting water usage demand throughout the state increased by 3.5% annually, with the 34 treatment plants working at maximum capacity and close to overloading to meet the demand.

Loong emphasised for the restructuring and Langat 2 project to be ready as soon as possible so as to meet rising demands and avoid similar water crises in the near future.

Why MACC never check why IOI still go up after reporting loss?

Traditionally 1st qtr is their weakest qtr. Current price is 5 year low, downside limited. Good dividend yield stock at 6.67%.
http://klse.i3investor.com/servlets/stk/fin/4502.jsp

PublicInvest Research Headlines - 8 Apr 2015
Author: PublicInvest | Publish date: Wed, 8 Apr 2015, 09:55 AM

Kanger: Eyes up to 30% sales growth in 2015. Kanger International, China’s bamboo flooring manufacturer, is eyeing up to 30% sales growth this year from RM66.7m last year. MD Leng Xingmin said that in an effort to achieve the target, the company planned to widen its distribution network in China to 80 from 30 at present. (StarBiz)

PublicInvest Research Headlines - 8 Apr 2015
Author: PublicInvest | Publish date: Wed, 8 Apr 2015, 09:55 AM

Kanger: Eyes up to 30% sales growth in 2015. Kanger International, China’s bamboo flooring manufacturer, is eyeing up to 30% sales growth this year from RM66.7m last year. MD Leng Xingmin said that in an effort to achieve the target, the company planned to widen its distribution network in China to 80 from 30 at present. (StarBiz)

lclwyp, Xinghe up today. Perhaps Kanger should follow soon . Now Kanger is trading at all time low?

If I would hold unless I need the money urgently. QR is a bit disappointing. However Media Prima is good dividend stock(EPF still own over 15%) with 5sen dividend ex-date 3/6/15.

why nobody answer dylan312 question? I am new to this thread perhaps Kanger long timer here should answer.

Kanger is different. There is Raja Perlis as major shareholder. Buy q doesn't look like fake.

anniechan china ipo stock highest risk......ex: csl 2.0 fall 0.09 today, so dun waste time,energy n $ here!

If mother 20sen buy warrant and convert still make money.

Why Wie spend so much money buying mother past 3 months? So far QR is a bit disappointing. Wie know something we don't?

Look like mother near bottom. Who want to sell so low if they lose money?

EPS 7.78sen div 5 sen vs Inari(RM3.31) EPS 5.69sen div 2.1sen.

Son price indicate mother should worth only 18-18.5sen? Or son is underpriced?

Still not yet bottom for mother? Why top volume almost everyday?

Tropicana is more diversified than purely Iskandar developers. They have projects in Klang Valley and Penang as well. While Iskandar may face glut the same cannot be said of Klang Valley and Penang.

RM2.30 really reach this week as I mentioned earlier.

rlch At least AA have big buyers like EPF & Wellington. They can buy in million shares. RM2.30 next week look reasonable.
08/05/2015 19:35

Water restructuring: CM & Minister meeting next week


SHAH ALAM, 13 May: A meeting between the Chief Minister and the Minister of Energy, Green Technology and Water (KeTTHA) will be held next week to find a solution regarding the Selangor water industry restructuring issue.

The Chief Minister, Mohamed Azmin Ali, said that the meeting is expected to resolve some issues, ultimately benefiting the people.

“Yesterday, I received a short message on the meeting with the minister in the next few days.

“I have prepared the arguments to be discussed with the Minister early next week and we hope that this discussion will lead to a solution,” said Mohamed Azmin.

He said this to reporters after launching the “Khalifah Umar Abdul Aziz” book by Dr Ali Muhammad As-Shallabi at the Concorde Hotel today.

When touching on the construction of the Langat 2 Project, Mohamed Azmin said that the state government will continue to provide support towards the project.

“We agreed in principle that we should support the construction of Langat 2, as I previously said before the application was reviewed by the local authority and they need to meet the requirements set by the local authority and we will approve it.

“There is no problem because we need Langat 2 and we hope that it will be completed according to schedule,” added Mohamed Azmin.

Prior to this, the water restructuring agreement expired after KeTTHA violated the terms of the agreement by requesting a postponement for the third time.

Why director selling(May 8) if Uzma is good?
http://klse.i3investor.com/servlets/stk/annchdr/7250.jsp

Xinghe friends is people like 687423 welcomed here?

Anyone here other than hng33 has ever contacted Puncak IR dept?

If dividend RM1 DY 39.8%, why still not good enough?

I never sell a single of my Puncak shares bought recently. Wonder who is still selling today?

hng33 congrat on BJ Corp gain. You should come back and buying Puncak at cheaper price after your selling earlier.

If someone is free here(I have many counters to take care) how many shares 2 directors(Ma Guoliang & Ng Min Lin) has bought or price they bought with their hard earn money buying Xinghe past 2 years. Are they stupid to throw their money into dustbin like someone here think?

If sapu now and by next year jump to say 10sen we can gain 54% gross return, good for many years FD return.

I am not saying LCTH is overvalued at current price but investors are not treating local listed China stocks fairly. If PE for LCTH can reach 11 times by right fair value for Msports, Xinghe, XDL, CAP should be double or triple their current price(low PE and cash rich as well).
http://klse.i3investor.com/servlets/stk/fin/5092.jsp

Why people can accept LCTH not paying dividend but not cheaper China stocks(low PE and cash rich as well)? Why no fear LCTH account of being fake(not paying dividend) unlike China stocks?

Promoters here not good enough? Tropicana is 70% owned by Danny Tan. So he must see very good value in it. Among proposals suggested is share buy back due to under valuation.

Posted by AdrienNgTzeLeong > May 13, 2015 09:39 PM | Report Abuse
why this share unable move up? after excel results

Parkson share buy back. 1 day easily more than My Eg so many days buy back.

Notice of Shares Buy Back - Immediate Announcement
PARKSON HOLDINGS BERHAD

Date of buy back 13 May 2015
Description of shares purchased Ordinary shares of RM1.00 each
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 800,000
Minimum price paid for each share purchased ($$) 2.120
Maximum price paid for each share purchased ($$) 2.120
Total consideration paid ($$) 1,702,132.61
Number of shares purchased retained in treasury (units) 800,000
Number of shares purchased which are proposed to be cancelled (units) 0
Cumulative net outstanding treasury shares as at to-date (units) 53,766,961
Adjusted issued capital after cancellation
(no. of shares) (units)
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%) 4.92000




--------------------------------------------------------------------------------

Announcement Info
Company Name PARKSON HOLDINGS BERHAD
Stock Name PARKSON
Date Announced 13 May 2015
Category Notice of Shares Buy Back Immediate Announcement

You mean people no need cooking oil? Sugar is also owned by FGV through 50% own MSM.

fortunebullz El Nino is coming! Cooler weather and floods too! But it won't help increase demand of palm oil! You see, palm oil industry is slowly joining the rubber industry! The demand for palm oil is no longer there!

Latest Maybank TP RM2.44
El Nino may spur palm oil rally as UBS puts impact on radar
By Bloomberg / Bloomberg | May 13, 2015 : 7:02 PM MYT

(May 13): Palm oil may rally should an El Nino weather pattern spur dry conditions across Southeast Asia, hurting output, while key buyers such as China bring forward purchases to guarantee supplies.

Prices may advance to 2,500 ringgit ($694) a metric ton over the next three months, Maybank Investment Bank Bhd. analyst Ong Chee Ting said in a report on Wednesday. That’s 14 percent higher than Wednesday’s close on Bursa Malaysia Derivatives.

The return of an El Nino for the first time since 2010 was declared on Tuesday by Australia’s Bureau of Meteorology, which said that the event could be substantial. El Ninos influence conditions across the globe and in Asia they can bake Indonesia and Malaysia, the two largest palm oil producers. Planters’ stocks including IOI Corp. Bhd. in Malaysia rose on Wednesday.

“In the coming months, we expect palm oil export figures to pick up as end-buyers like China, with its low inventory level, may take a defensive strategy to stock up ahead, on fear of a possible supply crunch,” Ong said. While this will boost the palm oil price, the extent of any advance will depend largely on the El Nino’s intensity, Ong said.

Palm oil climbed to a five-week high in Kuala Lumpur on Tuesday after the El Nino announcement by the Australian forecasters. Futures ended 1.2 percent lower at 2,198 ringgit a ton on Wednesday. They last traded above 2,500 ringgit a ton in June.

Shares Advance

IOI climbed 3.4 percent to 4.30 ringgit, while Felda Global Ventures Holdings Bhd. ( Financial Dashboard) retreated 0.5 percent. Both were raised to hold from sell at Maybank. PT Astra Agro Lestari shares surged 7.7 percent in Jakarta, while Bumitama Agri Ltd. ( Financial Dashboard) advanced 1 percent in Singapore.

Palm oil production in Indonesia and Malaysia declined at the time of the last strong El Nino in 1997-1998. The two countries account for 86 percent of world supplies, according to the U.S. Department of Agriculture. Oil palms need about 150 millimeters to 200 millimeters of precipitation a month, according to the Malaysian Meteorological Department.

Lower rainfall and soil-moisture levels can hurt yields after a lag, with the effects of dry weather typically felt 10 to 12 months or 22 to 24 months later, Ivy Ng, an analyst at CIMB Investment Bank, said in a report.

A moderate El Nino, combined with a strong execution of a biodiesel mandate in Indonesia, could benefit prices in late 2015, Ng said in the report on Tuesday. Gains may be limited near term on seasonally high supply and reserves, she said.

“We have to remember that the impacts of El Nino tend to, perhaps particularly in palm oil, not be shown up immediately,” Wayne Gordon, an analyst at UBS Group AG in Singapore, said in a Bloomberg TV interview. “ We’ve put it on the radar, we’ll take a bit of time, and then we’ll look at it on a more serious note as we get into the third quarter.”

Please find out how much is BJ Toto ROE to show that you are not a bias bloggers unlike many found in i3.

TP by Maybank(my IB) maintain at 98sen in their report today. If read Icon 2014 annual report many well-known shareholders own Icon shares. Among them are Ekuinas, Tabung Haji, LTAT, ASB, EPF, PNB, GIC(S'pore). Hopefully after coming AGM share buy back resolution approved, Icon quickly buy back their own shares while still cheap.

Perhaps should have more water rationing to see how important Puncak is to Selangor state & Klang Valley folks.

We cannot survive without water so Puncak is very important to Selangor state & Klang Valley people.

Then we should report to Najib, Ongkili boss. How to reach Najib through e-mail?

Ongkili also in charge TNB. Perhaps should ask him can consumers avoid paying TNB just like state and federal government avoid paying Puncak. Consumers need to use water and electricity in their daily life.

question_mark
If you are not interested in BJ Toto why you are here? I think your counter Compugate is even worse. Every quarter lose money where got dividend?

kahhoeng if you want high dividend BJ Toto(at least 20sen) is the one giving high dividend not BJ Corp(past few years only 1 sen).

Even Puncak is considered high NTA stock. BJ Corp recent takeover Redtone is likely to hurt them since many think 80sen is not enough so will cause more cash burnout.

What is announced is someone here & EPF selling. On the other hand EPF could bought back today(Bursa announcement may delay few days) after Rozali announcement yesterday to ask for increase payment due to delay in concluding water deal. If someone want to sell cheap I could sell some of my other stocks to buy Puncak cheaply.

So what Masteel need to do? Release audited account immediately?

Who say no money? Got money but don't want to pay is the main reason.
http://azminali.com/blog/2015/05/rizab-simpanan-meningkat-rm3-6-bilion-walaupun-perbelanjaan-kebajikan-naik/

kahheong why TNB does not drop to RM2 like Puncak?

RM 2 billion pay out or RM4.78 cash still people throw for cannot wait?

I no money to pay TNB. Can I use for free?

Lion Group losses and more losses? Pn17 more likely.

Most steel stocks owners(Perwaja, Kinsteel, etc) are disposing their shares but not Masteel. Why?

ks55 why Tai major shareholder want to burn RM1.34 million converting his 2million warrants only last month? Is he dumber than you because RM1.34 million is too little money?