Rather interesting. PKNS is representing Selangor Gov---PKNS also holding 6--7% of KPS shares. As a matter of fact KPS & Co has doing infrastructure works in Pulau Indah in 2016--2019 which is beside Carey Island... 200Bil Carey Island Container Port has been "Talking" during Umno times but never take Off... If KPS wants to go Big on infrastruture , management has to JV with Big Name like IJM
Confirmed Toyo & CPI turned around ( a bit yoyo netprofit bcos recording KingCoil sale in 1Q24 ) However 3Q24 has Plaza KPS sale ( 46mil ) Can expect continue up-tick in water Chemical Sales plus Toyo & Co--- expect net profit in 3Q24 in a range 70mil----I think water Chemical requirement by Air Selangor will be 5X more 2024 bcos another 17 Data Center in Selangor are expected to be launched in 2025 ( Rasau Dam will be Fully utilised in 2026-2027 )-----From what i heard, Air Selangor need another 3 Dam in 10years time even 2 new dam in Rasau running in Full Capacity ( bcos of population increment--new jobs in Selangor )
This article first appeared in The Edge Malaysia Weekly on November 16, 2020 - November 22, 2020
SELANGOR state-controlled Kumpulan Perangsang Selangor Bhd (KPS) could be privatised in the near term, two separate sources who are familiar with the matter tell The Edge.
One source adds that Darul Ehsan Investment Group Bhd, KPS’ 57.88% shareholder, has appointed CIMB Investment Bank Bhd to handle the corporate exercise.
“There is no point in keeping it (KPS) listed. The company’s stock has underperformed for the longest time,” he explains.
The other source says he had heard that KPS’ privatisation was in the pipeline but did not know if CIMB had been given the mandate to handle the corporate exercise.
Market observers are not surprised that the exercise was being contemplated as KPS’ stock has long been undervalued.
I donT know how KPS is going address Cenbond shares to investor---Cenbond was bought at 1.73....When Cenbond is not listed, asset must be disburse at face Value back to investor---Am i going to get 1.73 for Cenbond share if KPS gets delisted????
Dissolving KPS-HCM, I like this move. KPS now can JV with much Big Property Co to take Mega project with PKNS and Selangor Gov backing----Port Pulau Carey ( 200billion )
KPS...Bought//Added...@0.69...DY/BY/Privatisation!? Cash Value/NCAV/NTA: @0.49/0.65/2.03. Less floating shares n volatility!? DY/BY/...Portfolio...<@0.65...is Undervalued...🤞🤓 3 weeks ago
Disappointed results----Bcos Management has "Dumped" All the Asset Sale Cash into Long term Liabilities-- 2Q Long Term Loan--357.7mil------This Qr Long Term Loan reduced to ---77.9mil !!!!!!!!Stronger BalanceSheet
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Posted by JunHoHoHoHo > 2024-06-18 18:49 | Report Abuse
that's quite interesting. How KPS correlates with data center?