Posted by Roger123 > 2016-08-11 19:31 | Report Abuse

Hng: Make one thing clear, i was not chased out from puncak forum. I walked out. Bec i am not sure whether puncak is up or down trend. Too many "goods" news, icon, edge, LTH..... which doubted me... These good news released too early.... Internal fight in co also make me away from it. Not like last time, last time i am 100% confirmed tat it will fall down to RM1 because of some reasons...

Posted by Roger123 > 2016-08-11 19:32 | Report Abuse

I also doubted u r the singkalan, always released "good" news to attract people. Hahaha

Posted by hng33 > 2016-08-11 19:44 | Report Abuse

Roger123 force to surrender in Puncak after bombard by icon...(although some of the comment alrdy deleted by them) ......total 100% failure due to ignorance , cynical and self denial......pity clown as always backfire again

Posted by hng33 > 2016-08-11 19:45 | Report Abuse

upsidedown119

Splash is water treatment plant build last 10 year ago at relatively low cost if compared to newly build but at smaller water treatment plant now. Splash concession still have 15 year validity before expire which then hand over to state gov at zero cost. There is no point for state government to undermine splash importance as it have 2 largest water treatment plant ssp1 and ssp3 which is in good condition if compared to state gov recent acquire 35 smaller and old water treatment plant from Puncak.

Posted by Roger123 > 2016-08-11 20:17 | Report Abuse

Rzl is capable but greedy. Too capable may turn the thing around. Might wan to have all the money himself rather than giving to kahhoeng and u. Hahaha

Posted by Roger123 > 2016-08-11 20:17 | Report Abuse

Sometimes too clever is the disaster.....

Posted by Roger123 > 2016-08-11 20:23 | Report Abuse

Waiting for 5 months only managed to get 20% return from cbb.

Posted by upsidedown119 > 2016-08-11 21:28 | Report Abuse

hng33. But SPLASH treatment plant was not built at a 'relatively low cost', otherwise at a takeover price of RM250M, it won't be threatened with a divestment loss of RM1B! And if built more than 10 years ago, the capital cost would have been written down near to zero, unless of course the divestment loss also include receivables that were inflated due to the exorbitant water tariffs charged. Azmin won't be undermining SPLASH. He may just be restricting it to the minimum uptake! SPLASH's plants will still be in good working condition. And Azmin will then use his new plant to cater to the growth in demand for water! Either way, Gamuda will be hit. We should know the answer by Oct 7! Gamuda likely praying that BN takeover Selangor state by Oct 7. Then Selangor's massive reserves can then be used to pay them their price for SPLASH!

Posted by JJchan > 2016-08-11 22:09 | Report Abuse

Roger...how is YLI and RGB ? still doing extremely well.....no more money to invest... just come
over here to loose steam

Posted by JJchan > 2016-08-11 22:13 | Report Abuse

Tomolo KPS up 20%.....how, how, how

Posted by JJchan > 2016-08-11 22:16 | Report Abuse

mbsb can hit 200m in one day.....small cap can really FLY nowadays

Posted by antidebt > 2016-08-11 22:50 | Report Abuse

Kps set up ppsb = perangsang packaging sdn bhd
Cement packaging , then later take over kian Joo on tin can packaging. All stable and money making company.

Arvin--- have you bought or are u still mimpi on your 90 cents ? Buy now, don't mimpi

Posted by Roger123 > 2016-08-11 23:46 | Report Abuse

Hahahah YLI gone case. Sold on news 0.72-0.77

Posted by Roger123 > 2016-08-11 23:48 | Report Abuse

But soon.....

Posted by Arvin6 > 2016-08-12 06:34 | Report Abuse

Haha I tot what news . Just a take over offer for other company . For me this Not a good news . Anti I will wait for kps to drop back 9x cent . It will drop very soon .

Posted by hng33 > 2016-08-12 08:45 | Report Abuse

Upsidedown119

Similar to IPP case, many complaint about their lucrative concession buiness, fed giv intend to take over prematurely, but in the end, all continue till their end of concession period with most of them even getting further extension 5yr albeit at lower traffic rate due to shortage in power margin supply. In water industry, selangor is facing critical water shortage risk too due to fast pace of demand, water supply margin is very low, force state gov to build new water treatment plant at high cost and source raw water supply from other state, Pahang. Even with new water treatment plant, langat capacity is only half of the capacity if compared to current splash and only ready in next 3 year time, the continue demand from growth population and industry in state will still need to cater next.

Likewise, in water treatment concession, state gov also intend to take over, but, it also have to subject to willing buy willing sell basis in case for Kps and Puncak, which both agree the take over price due to their financial risk of unable to repay loan obligation. State gov also have partly achieve their main objective after take over syabas which is main culprit for non revenue water already. Therefore, the urgency to take over splash is less now as splash operate in very efficient and its financial also in good condition, reap profit RM 250m pa, time is with splash as it afford to wait until desire take over price is on table.

Posted by CUTLOST > 2016-08-12 08:47 | Report Abuse

Buy now

Posted by hng33 > 2016-08-12 08:52 | Report Abuse

Kps acquire cenbond is earning accretive deal....cenbond is leader in Malaysia cement packaging with growth opportunities in adjacent markets, being an integrated packaging solutions provider, and being profitable and cash-generating. It has been generating consistent audited net profit of more than RM15mil each year in the past five financial years ended 2012 to 2016, with double-digit earnings before interest, tax, depreciation and amortisation margin in the same period at a steady 14% to 17%

Posted by antidebt > 2016-08-12 09:03 | Report Abuse

Arvin , where is your 90cent ? Hahaha

Posted by NorthernStar > 2016-08-12 09:05 | Report Abuse

hng33, yes agree with your msg. know the business well is important.

Posted by damiantreez > 2016-08-12 09:09 | Report Abuse

where is arvin? your 90 sen is lonnggg goneee

Posted by NorthernStar > 2016-08-12 09:23 | Report Abuse

Why 1.50?

Posted by hng33 > 2016-08-12 09:30 | Report Abuse

With cenbon under Kps, long term future prospect for Kps is promising now as it now can own core buiness under its control, while still continue enjoy diversified profit sharing from various JV stake in splash 30%, sprint 20%, mida gas 30%, 15% Gdv spsetia templer golf redevelopment, newly set up JV water related machinery/ technology supplier and licensing income from kingkoil.

Posted by ks5S > 2016-08-12 09:38 | Report Abuse

this is a counter that can buy and keep like FD.
no worry if down. Just accumulate more.

Posted by NorthernStar > 2016-08-12 09:46 | Report Abuse

Knowing the business and can they manage the operation to achieve better performance. Hopefully, it is hope cash-out by Cenbond mgt. This industry is all about efficiency.

Posted by Roger123 > 2016-08-12 11:18 | Report Abuse

Great!

Posted by NorthernStar > 2016-08-12 14:53 | Report Abuse

hng33, thank you.

Posted by firehawk > 2016-08-12 16:06 | Report Abuse

back to the square one ....

Posted by antidebt > 2016-08-13 09:14 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/08/13/kps-finds-solid-package-in-century-bond/

Posted by hng33 > 2016-08-13 10:12 | Report Abuse

:)

Posted by NorthernStar > 2016-08-17 13:16 | Report Abuse

What is the TP?

Posted by BangBangUp > 2016-08-17 13:59 | Report Abuse

KPS someone accumulating hevaily over the past few days.

Posted by Arvin6 > 2016-08-17 15:38 | Report Abuse

Very fast will back to 9x cent .. not ppl accumulating is some one dump the share kao kao .. I will buy this share when it back to 9xcent .. faster drop ar .

Posted by NorthernStar > 2016-08-17 16:29 | Report Abuse

Buy. TP1.50 or more and it is coming.

Posted by PenguinDad > 2016-08-18 15:22 | Report Abuse

Down...down...waiting for chance to enter. :))

Posted by Diamond7 > 2016-08-22 10:49 | Report Abuse

Waiting for uptrend........

Posted by PenguinDad > 2016-08-22 10:55 | Report Abuse

Unlikely to see any uptrend and dream on.

Posted by Diamond7 > 2016-08-22 11:41 | Report Abuse

Dont worry....
Major share holders...
Lembaga Tabung Haji...
Menteri Besar Selangor
Perbadanan Kemajuan Selangor
DImensional Fund Advisors...

Posted by PenguinDad > 2016-08-22 16:01 | Report Abuse

Go below RM1.07. :)

Posted by SMB1 > 2016-08-23 12:26 | Report Abuse

CENTURY BOND - Pushing The Limits
Author: PublicInvest | Publish date: Fri, 1 Jul 2016, 12:50 PM

We spoke with Century Bond’s management last week and came away with positive guidance over its FY17 outlook. The company managed to sustain its earnings in FY16 despite experiencing cost pressures particularly from rising distribution expenses, a result of improved efficiencies and greater economies of scale from running its plants at an 80%-90% utilization rate. Completion of the Lafarge–Holcim merger has benefited the company through the securing of more orders from the enlarged entity, increasing its production further by 10%-15% in FY17. We are lowering our fair value of the company slightly to RM2.18 (RM2.29 previously) to account for lower cash levels which still stand at an admirable RM73m or RM0.61/share post-payout of a bumper special dividend of 20sen per share in 1QFY16.

FY16 numbers a mixed bag, though generally positive. Revenues inched 2.4% higher YoY, mainly led by stronger overseas sales contribution, up 12.2% YoY which offset a 1.1% YoY drop in Malaysia. Cement paper packaging, which makes up more than 77% of the Group’s earnings, saw contributions fall 14.9% however, while plastics packaging and contract manufacturing packaging showed improvements. Pre-tax margin weakened from 13.0% to 11.8%. Meanwhile, the Group’s net cash level has fallen from RM95.4m to RM73.3m after declaring a 20sen per share special dividend in 1QFY16. A further 3sen per share final dividend, which is subject to shareholders’ approval in the forthcoming AGM, has been proposed recently. Management guided that it will continue to maintain its dividend payout of 30%-50% going forward.

Utilization rate at a high 80%-90%. The Group’s cement paper bag segment has a production capacity of 12m/mth. Attributed to the integration in Lafarge Malaysia and also vibrant construction activities in Thailand and Indonesia, the Group has been receiving more orders for its cement paper bags in recent months. Additionally, some cement producers are also slowly switching from plastic to paper bags which are more environmental-friendly, heaping on the demand. The company is currently running at 80%-90% of its production capacity, almost deemed as full.

Updates on JV tie-up in Indonesia. Given that it’s a new venture for the company, management has adopted an extremely cautious stance, biding its time in sorting out all pertinent issues with its Indonesian partners before embarking deeper into the project.

Undemanding valuation for its core businesses. Stripping out the net cash of RM73m, the existing core businesses are only valued at a 7x PE multiple, which is not justifiable considering i) its steady earnings margin (pre-tax margin: 11%-13%), ii) 60% market share in Peninsular Malaysia and iii) steady operating cash flows.

Source: PublicInvest Research - 1 Jul 2016

Posted by SMB1 > 2016-08-23 12:32 | Report Abuse

Ambil perhatian

Undemanding valuation for its core businesses. Stripping out the net cash of RM73m, the existing core businesses are only valued at a 7x PE multiple, which is not justifiable considering i) its steady earnings margin (pre-tax margin: 11%-13%), ii) 60% market share in Peninsular Malaysia and iii) steady operating cash flows.

Posted by AlphaBetaGamma > 2016-08-23 21:15 | Report Abuse

Well, I believe the old management is going to step down but I think this business is not that hard to run. KPS should put in some good management and hopefully the profits will keep rolling in since I think they bought at a decent price. Just wondering what company will KPS acquire next?

Posted by Arvin6 > 2016-08-24 14:59 | Report Abuse

Erm look like want to back 9xcent . . Penguin dad .. are u ready ?

Posted by ks5S > 2016-08-24 15:03 | Report Abuse

daddy ... are you dreaming ? HAHAHAHA

Posted by hng33 > 2016-08-24 15:40 | Report Abuse

Bought more KPS at 1.06, average down cost

Posted by firehawk > 2016-08-24 16:02 | Report Abuse

Eh ... eh .... why everyday drop? Oct no hope alrdy meh?

Posted by PenguinDad > 2016-08-25 10:25 | Report Abuse

Arvin6, the comment by AlphaBetaGamma "old management is going to step down" is a concern and that is always possibility the it come back to 9xcent. This industry is very thin margin and efficiency is important. Just compare with Boxpak or similar company and you will know.

Posted by hng33 > 2016-08-25 16:05 | Report Abuse

Accumulate more KPS at 1.07

Posted by cricketlast > 2016-08-25 19:42 | Report Abuse

Good result. :)

Posted by Diamond7 > 2016-08-25 21:28 | Report Abuse

2 cents dividend....