Depends on the valuation that they will get. Currently gamuda and tan sri wan azmi are asking for at least 1xBV which translate to a valuation of rm3.1bil. with 30% interest in splash, kps portion is valued @ rm930mil or around rm1.86/share. Splash is generating steady PAT of at least rm300mil per year (or around rm100mil for kps)
@ the current price kps is only trading @ 5xPE which is very low. You will see going forward that the company will post quarterly PAT of at least rm25m to 30m given that the other assets in its portfolio is also turning around (highway , hospitality etc).
Haha now this market no one see the pe ratio .. pat .. they will come to push the share once the news coming out . Tiny if u haven't buy this share . Just be patiently wait it drop to lowest only buy in. But if buy for long term this is good share but not for the daily traders .
i hv some small qty of kps shares avg at 1.09. if you said d price will drop further, may as well i sell if first and buy back at lower price. any indication on timing when the deal will be finalised.
Deadline set by fed govt is on the 7th oct. If the deal is not finalise by then the fed govt will step in by either invoking Wasia (which i think would be the last thing they want to do at the moment given the weak market sentiment) or facilitate the deal by funding the valuation gap between selangor and splash ( as per what had been done with the puncak deal).
I bet they won't wasia . If they used wasia future no one dare to doing infrastructure work in Malaysia anymore . They sure will done the deal with willing buying n willing selling term . But the only problem is delay and delaying .. just look at other dividend stock then coming back on September or October . But it most probably will delay again .
i think the situation is very clear here. All the discussion and due diligence should have been done by now.Valuation is the main point here. Difference still persist and lead to stagnant and now is see who blinked first. Latest is october and if by then still stagnant then the fed govt role is very important here.Last time they succeed in mediate a amicable & good agreement for puncak which big shareholder is Rozali. But that's b'cause langat is at stake then. Now will fed govt help mediate a deal for Gamuda, sweet alliance, kps and sel govt. Let's see.
Haha .. now who go to buy kps = u give the seller duit raya . . Nothing to support the recent price . Because the splash deal at least still need another 3month . But guess the deal will delay again . .
Really don't understand why those ppl so fast want to buy this kps . At this moment also no news at all . Splash deal look like will delay again . Will buy this kps after the splash deal is confirm . Now better don't touch it . No news to support the recent price .
no need worries. got some info the deal will go through. people buy now to maximize profit and sell on news. always buy on rumours and sell on news. if u wait for the news, you are too late.
Now the problem is between kdeb and gamuda . Kps already say they want to dispose the splash stake . But the major shareholder gamuda not satisfied with the offer price . So this is the problem to delay splash deal again .
OK .. just want to say ..recently price still high . No news to support the price. Will try to buy some when back to 9xcent .. thanks damian and antidebt
no news ... go up until 1.40 news come out.... shoot to 2.00 like airasia 9x cent level-kah ? Buy puncak ., it can reach 90 cent. No need to wait until neck also long.
arvin6, still haven't buy ? Don't wait.The whole market going to turn bull. Later, you will left alone crying when the bull start running. Still got time.
Just wanna to check on smthg. Is the chart forming a cup and handle pattern? . A friend made a remark on this. I normally focus on fundamentals. Not an expert in tech analysis. Appreciate your input. Thx
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Posted by tinyinvestor > 2016-06-17 17:24 | Report Abuse
what is the target TP if the splash deal concluded?