Bros, pls correct me if I get the facts wrong if I am not mistaken,iAmprop does supply coal to Tenaga right? Tenaga shares has gone up so much....If it is true this stock still hv good upside potential....
Bros, pls correct me if I get the facts wrong if I am not mistaken,iAmprop does supply coal to Tenaga right? Tenaga shares has gone up so much....If it is true this stock still hv good upside potential....
Amcorp Perting Hydro Sdn Bhd (Amcorp Hydro) (formerly known as AMDB Perting Hydro Sdn Bhd) Amcorp Hydro is the developer and operator of renewable energy power plant based in Perting River, Bentong, Pahang.
The project’s objective is to generate clean electrical energy in a sustainable manner through optimized utilization of water and contribute to climate change mitigation measures. The mini hydro power plant has an installed capacity of 4.2MW and the electricity generated is sold to Tenaga Nasional Berhad under a 21-year Renewable Energy Power Purchase Agreement (REPPA).
Amcorp Properties (APRO MK) Technical BUY with +17.2% potential return Last price : RM0.930 Target Price : RM1.00, RM1.09 Support : RM0.875 Stop-loss: RM0.860 BUY with a target price of RM1.09 with a stop loss below RM0.860. APRO’s share price has been consistently trading above the rising trendline since 17 Dec 12 and has formed a series of higher lows and higher highs. We note APRO has surged 3.5 sen last Friday and effectively breached the previous high of RM0.915, and could kick-start a new up-leg. The breakout was genuine given the higher trading volume of 3.5m shares (vs 20-day average of 0.5m recorded). Additionally, a combination of growing positive momentum and a bullish backdrop in MACD should, in our view, push the share price higher toward the psychological resistance of RM1.00 in the near term which, if breached, could trigger fresh buying interest and potentially ramp up the share price to 1.38x Fibonacci projected target of RM1.09.
We refer to the announcements dated 4 November 2013, 18 December 2013, 23 December 2013 and 30 December 2013 in relation to Gamuda’s offer to acquire the remaining equity interest in Kesas Holdings not held by Gamuda.
On behalf of Gamuda, CIMB Investment Bank Berhad wishes to announce that Gamuda had today entered into a conditional share purchase agreement (“SPA”) with Amcorp Properties Berhad (“Amcorp Properties”) for the acquisition of up to 20% equity interest in Kesas Holdings held by Amcorp Properties.
Following Permodalan Nasional Berhad’s (“PNB”) request for an extension of time for the execution of its SPA with Gamuda for the acquisition by Gamuda of up to 20% equity interest in Kesas Holdings, Gamuda has today granted an extension of time to PNB until 7 February 2014 for the execution of the SPA.
Further details of the Proposed Acquisition are as set out in the announcement attached.
Gamuda’s offer to acquire Permodalan Nasional Bhd’s (PNB) 20% stake in KESAS Highway has lapsed following the inability of PNB and Gamuda to execute a definitive agreement.
Gamuda will continue to pursue to acquire both PNB and Perbadanan Kemajuan Negeri Selangor’s (PKNS) 30%- stake in the highway upon the proposed acquisition of Amcorp Properties Bhd’s 20% stake becoming unconditional.
Comments
Unexpected development… As highlighted in our report “Sweetening KESAS offer” dated 24 Dec-13, we were expecting PNB to accept Gamuda’s higher revised offer of RM280m for its 20% stake (see Figure #1). Thus, we are slightly disappointed that negotiations have fallen through as the deal would have been both earnings and valuation accretive for the company.
Settle Amcorp first… We believe that Gamuda will now be focused on completing the acquisition of Amcorp’s 20% stake in the KESAS Highway before resuming negotiations for PNB and PKNS stake. Although Gamuda may eventually succeed in acquiring PNB’s stake, we do not foresee PKNS accepting Gamuda’s offer given the current political climate.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
vegebotak
1,071 posts
Posted by vegebotak > 2014-01-10 16:27 | Report Abuse
sell take profit
will down very2 soon !!