Yes, it always have chance to re-enter if stock on weakness again. The most important is lock-in profit first now on strength.
However, if stock continue to surge, must admit can't sell stock at its highest level or perhaps buy some at high if volume still strong and sell even higher later for quick contra play, its all depend on market condition and individual risk profile.
Regional market market also all red, Indonesion market fail to rebound...QE3 impact ... currency slumping.... high debt level....foreign investor selling pressure... export weakness... commodity especially CPO prolong weakness... continue to affect market sentiment.
Therefore, take profit on strength + locked in profit and buyback slowly batch by batch on weakness to remain exposure on those potential stocks remain prefer strategy to counter risk management.
Langat 2 water treatment plant: Putrajaya sets three-month target to resolve issues with Selangor
PUTRAJAYA: The Federal Government has targeted reaching a resolution with the Selangor government over the Langat 2 water treatment plant project within three months.
Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili said the special Cabinet committee to look into Selangor's water problems will brief the Cabinet on its recommendations soon.
The committee is chaired by Deputy Prime Minister Tan Sri Muhyiddin Yassin.
Ongkili said the committee's recommendations will be in accordance with the Water Services Industry Act 2006 and that Selangor's attempts to take over the state's water assets must be based on the "willing buyer, willing seller" concept.
"I believe that both the state and federal governments can resolve this together, for the good of the rakyat, without having to resort to any legal action.
"Our recommendation is that Langat 2 must go on but we must reach a consensus on the restructuring exercise based on negotiation and compromise.
"I cannot disclose the specifics but (we will use) these as our guide," Ongkili said when asked about the Langat 2 project in a press conference here Tuesday.
Depleting treated water reserves in Selangor have pushed the federal government to call for the construction of the water treatment plant, which has been reported to be able to treat some 1.89 billion litres of raw water.
The supply of water is expected to cater to demands in Selangor, Kuala Lumpur and Putrajaya until 2025.
Selangor Mentri Besar Tan Sri Khalid Ibrahim recently admitted the need for the plant but stressed that the takeover should be within the state government's expectations.
Khalid has proposed that all water assets in the state, including the Langat 2 water treatment plant, come under state investment arm Kumpulan Darul Ehsan Bhd (KDEB).
KDEB has made an offer to buy all the existing water assets in the state but Puncak Niaga Holdings Bhd has yet to accept the offer.
Ongkili said both consumers and investors have been impacted by the delay in the construction of Langat 2.
"Overall, 710 (investment) projects have been postponed based on the advice of SPAN (the National Water Services Commission).
"We didn't want investors to start on a project but not continue because we could not guarantee them water.
KPS share has outperform significantly, waiting time for another 3 month seem too long for stock market and remain uncertainty whether or not it can be reach final deal. I will advice locked in profit first and slowly accumulate batch by batch on weakness toward the end of the next 3 month. However, KPS proposed special dividend should limit downside risk
If already on handsome paper profit, better realize it first, or just don't chase share higher. wait for weakness to buy back slowly and staggering basis batch by batch.
OK, Sold DRB for intraday gain and swap back capital to buyback KPS at 1.90, realize intraday gain instead of t+1 contra gain. Special dividend of 26.6sen should at least mitigate downside risk.
Everybody is waiting for EGM to call and approve KHSB disposal and 26.6sen special dividend payout, therefore, any share weakness pose opportunity to accumulate back to continue enjoy upside potential once special is declared.
Putrajaya-Selangor in talks to break water deadlock
KINIBIZ The federal government and the Selangor state government are in ongoing negotiations to resolve some outstanding issues including the long-standing impasse over consolidating the state’s water sector, according to sources.
Successful talks may finally see the Selangor state government acquire all four water concessionaires in the state - Puncak Niaga Holdings, Syarikat Pengeluar Air Selangor Holdings (Splash) and Konsortium Abass Sdn Bhd holds and Syarikat Bekalan Air Selangor (Syabas). The first three are water treatment concessions while the last is the sole water distributor in the state.
In exchange, the Selangor state government is expected to give its nod to federal government-driven projects in the state including the proposed development of the Rubber Research Institute land in Sungai Buloh, the Langat 2 water treatment plant issue and the construction of Perdana University in Serdang.
Talks between the federal and Selangor state governments imply that there is now sufficient political will to resolve matters on which both governments have refused to budge before.
azlanPutrajaya indicated yesterday that it aims to resolve concerns over depleting water reserves in Selangor in three months, with the solution focusing on the long-discussed Langat 2 water treatment project.
The relatively swift resolution period came after years of deadlock between the federal government and the federal opposition-controlled state over the project, hinting that a compromise has finally been achieved between both parties.
In addition to the deadlock over the Langat 2 project, there was also controversy over the Selangor state government rejecting the application to convert the status of 141 acres of land in Serdang from agricultural to education last year, which was sold by the Malaysian Agricultural Research and Development Institute (Mardi) to house the Perdana University Graduate School of Medicine (PUGSM)
The status conversion was needed so as to build the PUGSM campus. PUGSM was founded in 2010 in collaboration with US-based Johns Hopkins University School of Medicine and is a public-private partnership (PPP) initiated by the Public Private Partnership Unit (3PU) at the Prime Minister’s Department.
Its campus on the land was launched by the prime minister in September 2011 and was supposed to be completed this year.
Another issue between the federal and Selangor state governments has been the proposed development of the RRI’s land in Sungai Buloh, measuring about 3,300 acres in size.
Federal opposition politicians have questioned why the Employees Provident Fund (EPF) was selected through direct negotiation to develop the land. In response, prime minister Najib Abdul Razak said that the federal government’s joint venture with EPF to develop the land allows the government to regulate the direction of the development in-line with the national development agenda.
However, the Selangor state government still holds the trump card as matters relating to land falls under the jurisdiction of state governments - it has not played ball in terms of granting the requisite approvals for the development to move forward, according to sources familiar with the matter.
Water takeovers finally moving ahead?
The prospect of a compromise materialising also bodes well for the water industry consolidation proposal by the Selangor state government, which has been difficult to conclude.
The Selangor state government’s efforts to consolidate the water industry has proved tricky as Rozali Ismail, who owns 41.2 percent in the state’s major water player Puncak Niaga, is closely linked to Umno, the lead member of the ruling coalition at federal level.
azlanHowever, Rozali told KiniBiz last week that he would welcome the consolidation exercise and resolving the long-standing impasse would be up to both governments.
“I welcome it (talks to consolidate the industry)… the state and federal agencies should prioritise the water sector, it is more important than electricity and other utilities, it is the source of life,” said Rozali, commenting after news reports that both governments are finally making headway over the water issue.
However, Rozali did not wish to comment on whether either government has commenced talks with him.
Should negotiations between both governments prove fruitful then it is likely that the Selangor state’s takeovers of the state’s water operations would finally materialise.
Puncak Niaga holds a 70 percent stake in Syabas, Selangor state government-linked company Kumpulan Perangsang Selangor (KPS) holds the remaining 30 percent whereas the federal government has a golden share in the water distribution company.
While KPS largely owns Konsortium Abass, Splash is 40 percent owned by construction player Gamuda Bhd with the other 60 percent evenly split between KPS and well-connected businessman Wan
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....
faberlicious
545 posts
Posted by faberlicious > 2013-08-14 10:06 | Report Abuse
ronnie2u,tigerroar
here's the link
http://klse.i3investor.com/servlets/stk/annchdr/5843.jsp