Posted by Wiwangwang > 2016-03-23 12:28 | Report Abuse

Last few month everyone also worry kps lost a core business so price keep going down . But today we all know that is a Nrw business is going on . If not wrong kps will be the only pipeline supplier for those Nrw program .because state government want the trusted company to supplie the water pipe . Another point this new business not only supplie pipe they provide manage the pipeline this is a long term business . I will buy more kps when kulim return $ to me .

Posted by Yen Leng > 2016-03-23 13:53 | Report Abuse

WWW,you made my day ;) TQVM

Posted by CUTLOST > 2016-03-23 14:07 | Report Abuse

Better sell now b4 too late

Posted by sudahkena > 2016-03-23 14:52 | Report Abuse

last time, director buy and sell at high price..... now they buy again....

Posted by Roger123 > 2016-03-25 10:00 | Report Abuse

Hng: keep falling down. how ar?

Posted by Yen Leng > 2016-03-25 10:51 | Report Abuse

:(

Posted by arvin6 > 2016-03-25 11:20 | Report Abuse

Haha 1.50 ? 1.05 la .. soon will back to 0.95 .

Posted by smartly > 2016-03-25 11:22 | Report Abuse

market sentiment no good. so everything also down.

Posted by Wiwangwang > 2016-03-25 16:43 | Report Abuse

http://m.selangorku.com/?post=92551
Kps new company at least get this two project .

Posted by sheep > 2016-03-28 16:47 | Report Abuse

tender just open omly...

Posted by Wiwangwang > 2016-03-29 15:45 | Report Abuse

Now kps will take the drains project in selangor . They not only installs the pipelines . They also provide the maintenance service . This is the way they create a stable income .

Posted by cumcumshot > 2016-04-04 23:29 | Report Abuse

Not performing even after a report by The Edge over the week. A little disappointed. Anyway, still holding on to it.

Posted by armadasaxon > 2016-04-05 11:06 | Report Abuse

wow div takes 3 months to ex..crazy

Posted by arvin6 > 2016-04-05 13:40 | Report Abuse

Yah lo .. have to wait until August only get the dividend . Sell .. everyone sell . Is time to say bye bye to kps . Come back when kps announce special dividend .

Posted by arvin6 > 2016-04-06 10:36 | Report Abuse

Wa so many seller .. faster run lo .. if not later will back below rm1 .. after announced special dividend only come back .. I guess not so fast they will settle the splash deal ..

Posted by AhSeng > 2016-04-13 01:06 | Report Abuse

Kps tomorrow coming

Posted by Yen Leng > 2016-04-13 10:25 | Report Abuse

Going to how much pls? TQ

Posted by Roger123 > 2016-04-18 16:56 | Report Abuse

He is bs la

Posted by kingofong > 2016-04-23 21:45 | Report Abuse

Buy

Posted by member41 > 2016-05-14 00:12 | Report Abuse

Friday, 13 May 2016 | MYT 8:05 PM
KPS paying RM116m for stake in King Koil mattress business
http://www.thestar.com.my/business/business-news/2016/05/13/kps-paying-rm116m-for-stake-in-king-koil-mattress-business/

Posted by armadasaxon > 2016-05-16 09:56 | Report Abuse

lol..they buy matress..now reli can go sleep.

Posted by Arvin6 > 2016-05-16 13:06 | Report Abuse

Yah wo .. look like kps go to sleep for long long time ..

Posted by Up_down > 2016-05-16 13:51 | Report Abuse

Hard to say. It may deliver good profit after paring down its loan and positive contribution from Associates in coming QR.

Posted by cricketlast > 2016-05-19 10:38 | Report Abuse

A big portion of the RM116mil is actually being used to pay off the RM90mil debt in Kaisercorp Sdn Bhd (holding co of the license of King Coil).

However, still need to question the BOD on the profit that KPS is expecting from this venture as there were limited info provided from their announcement.

However i am still bullish on the overall outlook of the company with the JV with SP Setia starting to take off (Setia Eco Templar). For the overall duration of the project KPS is expected to received 16% of the total GDV cost (estimated @ RM1.2bil) or RM200mil which ever is the highest. This is a lot better that the RM42mil value of the land recorded in the balance sheet.

The biggest potential would still be the company's decision to go into the Non Revenue Water (NRW) industry and also the disposal of Splash....

Posted by antidebt > 2016-05-19 11:41 | Report Abuse

king koil shareholder is CEO of Kian Joo, Can-one and Box-pak.
Kian Joo major shareholder may sell their share to kps since epf abort the takeover.

Posted by Arvin6 > 2016-05-19 12:19 | Report Abuse

Haha .. this kps will go down to 90cent soon .. I waiting this kps few month dy .. if possible going to 80cent more good ..

Posted by Arvin6 > 2016-05-24 11:18 | Report Abuse

Aiyo yo seem like no hope in this kps anymore . Will buy in some when it come down to 80cent . Everyone also disappointment with the management . . Buy the kingkoil stake . This time maybe kps will sleep another two year .. run run run ..

Posted by CUTLOST > 2016-05-24 22:42 | Report Abuse

Trend starting to bearish divergent..

Posted by damiantreez > 2016-05-25 10:02 | Report Abuse

something big is coming. those who wait will be rewarded handsomely. just sell if you are not patient or have any doubt.

Posted by cricketlast > 2016-05-26 00:35 | Report Abuse

Not bad... RM98mil contract to supply chemical products.
Hopefully there will be more contracts awarded to KPS especially on the Non Water Revenue related.

Posted by damiantreez > 2016-05-26 09:45 | Report Abuse

http://klse.i3investor.com/blogs/damiantreez/97188.jsp

Posted by Arvin6 > 2016-05-26 11:38 | Report Abuse

Really don't understand why kps will buy this kingkoil . Kps director if u are responsible please oppose the deal . Anyway I still waiting this share at 8x cent ..

Posted by cricketlast > 2016-05-27 11:10 | Report Abuse

Hi arvin, in the agm now. Chairman was explaining the reason for the investment into kaisercorp (license holder of king koil). Basically the business strategy is to franchise the brand to more franchisee, globally. Currently the brand has presence in 80 countries at the moment and the idea is to grow the numbers of franchisee going forward. They believe that the venture will be a high margin business given that all of the business capex and risk will be borne by the frachisees. Kps will collect royalties basically with minimum cost.

The financials in the announcement has yet to taken out any one off and restructuring costs.
The actual profit level going forward should be higher.

Posted by antidebt > 2016-05-27 11:22 | Report Abuse

kingkoil is a good brand. High quality mattress. feel like sleeping in the air .

Posted by cricketlast > 2016-05-27 13:03 | Report Abuse

There were also 2 other issues that were discussed in the AGM that i believe were interesting:

1) on the disposal of Splash: Chairman mentioned that negotiation is still on the way between Selangor and the 2 other shareholders (Gamuda and Sweet Water Alliance). KPS is not in the negotiation table due to the conflict of interest arising from selangor majority interest in KPS. Basically once a price have been determined, KPS will follow suit (using the same valuation). The disposal will need to get minority interest approval. Gamuda valued the company at RM3bil ==> which means KPS will get 900mil if this valuation is used. Deadline is on the 7th October.

2) Venture into Non Revenue Water business. No contract has yet been tendered out by the federal or any state governments. However, Chairman is hopeful that this will be made soon. Management and the BOD are confident that they will able to convince the federal or state governments to used their pipe solution under the brand Wavin given the proven track record of the products in Hong Kong where NRW fell from a high of 30% to only 15% after the authorities decided to use Wavin pipes.

Other issues raised by shareholders:

To increase dividend payment

To start a share buy back program.

Both will be considered by the BOD after discussing with the relevant advisors.

Posted by Arvin6 > 2016-05-27 14:39 | Report Abuse

I don't think the king koil deal is a good deal . The share price already proof that . U can see between the company announced the NRW company and this kingkoil deal . I think if the kingkoil deal put for vote . You guess how many of them will oppose the deal .

Posted by damiantreez > 2016-05-30 22:03 | Report Abuse

quarter report is out. impressive. tomorrow will shoot to the sky

Posted by damiantreez > 2016-05-30 22:04 | Report Abuse

http://cdn1.i3investor.com/my/files/dfgs88n/2016/05/30/1484771555--1765105670.pdf

Posted by Arvin6 > 2016-05-31 08:06 | Report Abuse

Haha .. dream dream dream .. shoot to the sky . Kps won't move until the splash deal and the special dividend is announce .

Posted by antidebt > 2016-05-31 09:05 | Report Abuse

this stock is undervalued.
good to buy now

Posted by damiantreez > 2016-05-31 09:06 | Report Abuse

downtrend is over. time to buy and hold for handsome reward.

Posted by antidebt > 2016-05-31 09:12 | Report Abuse

more good news coming for kps.

Posted by cricketlast > 2016-06-01 13:53 | Report Abuse

The catalyst for kps would mainly be the potential offer price of splash by the selangor state govt. Based on the annual report, as of 31 dec 2015, splash carriers a book value of rm3.1bil which values kps stakes at rm930mil. Gamuda and Tan Sri Wan Azmi had repeatedly said that selangor should pay at least the book value if they want to acquire splash which was the norme for the other acquisition of water assets made by the federal govt and even selangor (puncak niaga).

Selangor keeps mentionning the use of Wasia but the investment community knows that the federal govt would prefer paying the book value valuation rather than taking an assets of a private company by force. If the federal were to invoke wasia it would send a very discouraging message to the investment community (especially foreign investors) which would probably put malaysia in the least place to invest in the future given the uncertainty of ownerships of assets just like what had happened to other countries that use similar strategy to acquire assets (Venezuela for example).

Given the current situation with 1MDB, i don't think Najib would want to have another negative spot light by the investment world.

Anyway, the decision for kps to divest splash will primarily be under the hand of minority shareholders given that kdeb is a party in concert with the acquirer ( unless of course the fed govt invoke wasia which i highly doubt!).

At rm930mil, the offer is almost double to kps market cap.

Posted by Arvin6 > 2016-06-01 16:12 | Report Abuse

Yes .. cricket what you say maybe is right . But if fed n state government willing offer splash at rm3 billion . Why they stilll delays the deal . Another thing is if kps will get highest offer why the share price still so low . ( Insider will start push the price to move up ) . So now better to watchING and buy when it come to lowest . I'm waiting kps at 8x cent .

Posted by cricketlast > 2016-06-01 17:38 | Report Abuse

Hi Arvin,

Currently the negotiation is still between selangor state and shareholder of splash. Government has given a deadline of 7th oct for the 2 parties to conclude the sale. Upon deadline the fed will step in. The 2 possibilities is to either invoke wasia (which i think the govt would not want to do ) or propose to help selangor in the acquisition of splash ( maybe the same arrangemnet as what was done earlier with puncak niaga).

The valuation of rm3bil is actually equals to only 1xBV and less than 10xPE which i think is a fair valuation for the asset.

In terms of the share price, that is hard to predict. I can only say that if it goes to 8x sens, it will be really undervalue given that the company can easily record a minimum recurring Pat of rm25 mil per quarter. Even at the current price that would translate to only 5xPE. Should be great for those who are interested in the stocks (myself included) ^_^.

Posted by Arvin6 > 2016-06-02 11:40 | Report Abuse

Hi cricket thanks for the analysis . But I think kps still long way to go . Now can go to see some dividend stock . Mostly the deal will announce ard October .. or maybe will delays again . just wait this kps if can go lower then only start to buy .

Posted by Arvin6 > 2016-06-08 15:20 | Report Abuse

Don't think got any good news come out before hari raya ... just wait it go more cheap only will buy this kps .

Posted by tinyinvestor > 2016-06-14 13:02 | Report Abuse

hai...anybody got any news of this counter?..,, mind to share here....

Posted by Arvin6 > 2016-06-16 14:22 | Report Abuse

No news .. mean is good . Just wait it go lower to 8x cent then can start to accumulated . Another few more month to conclude the splash deal . Tiny This is the open secret for kps .

Posted by firehawk > 2016-06-17 10:50 | Report Abuse

towards lowest again ....