A very auspicious CNY to all KPS investors. Pls be alerted that a "Flying Dog" is borned. Two immediate positive factors to kickstart the counter: - (a) The new acquisition of CPI Penang Sdn Bhd will be giving a big earning push of at least RM25m for the next 2yrs; (https://themalaysianreserve.com/2018/02/15/kumpulan-perangsang-selangor-buying-cpi-penang-rm250m/), and (b) With Q4 coming out by end-Feb, historical EPS will be at least 20sen. Therefore, EPS for 2018 should be at least 25 to 30sen, not taking into account SPLASH'S deal. This translates into a conservative share price of RM3 to RM3.50!!
Hi, as i read the acquiring of CPI through the link, (https://themalaysianreserve.com/2018/02/15/kumpulan-perangsang-selango...), could anyone able to explain to me the statement "The deal comes with a profit guarantee of not less than RM25 million for CPI’s financial year 2018 (FY18) and a net profit of not less than RM26 million in FY19."?
The reason i am asking this is because my brother is working in CPI and he is under pressure to deliver and assist CPI to make the 25mil profit for 2018. Or else, he may face the pressure to be out of job... sad..
Kumpulan Perangsang Records Net Profit Of RM61.18 Mln For FY17 KUALA LUMPUR, Feb 27 (Bernama) -- Kumpulan Perangsang Selangor Bhd recorded a net profit of RM61.18 million for the financial year ended Dec 31, 2017 (FY17). It said FY17's profit before tax (PBT) and net profit fell to RM68.23 million and RM61.18 million respectively, from last year's RM113.02 million and RM101.86 million due to a one-off realised gain from assets held for disposal in 2016 of RM97.5 million. "PBT improved significantly in FY17, by 341 per cent, to RM68.2 million, compared to normalised PBT of RM15.5 million in FY16," Kumpulan Perangsang said in a filing to Bursa Malaysia today. Revenue soared 151 per cent to RM362.02 million for FY17 from RM144.49 million last year. The increase in revenue was mainly due to full-year revenue of RM174.2 million from its manufacturing segment, namely Century Bond Bhd, coupled with higher revenue from licensing and trading sectors by RM17.5 million and RM15.9 million, respectively. Moving forward, Chief Executive Officer, Ahmad Fariz Hassan, said the company has started to see the fruits of the strategic initiatives under it business transformation plan. "We have hit the ground running in the new year by kickstarting the new business model for King Koil which will see its first manufacturing plant in Arizona, US, starting operations in the second quarter," he said. http://www.bernama.com/bernama/v8/bu/newsbusiness.php?id=1439751
Loss money still can give dividend ar? jjChan, ur calculation is bad. Ur word is always opposite. Especially Jaks. If i trust u n sell at 1.20++ then i am eating shi t now
SHAH ALAM: Kerajaan Selangor didakwa tidak serius dalam usaha mengambil alih syarikat konsesi Syarikat Pengeluaran Air Selangor Sdn Bhd (SPLASH) walaupun sepatutnya sudah berbuat demikian.
Bekas Menteri Besar Selangor, Tan Sri Abdul Khalid Ibrahim, berkata sebaliknya Menteri Besar sekarang, Datuk Seri Mohamed Azmin Ali, memberi tumpuan kepada bagaimana mahu membayar lebih RM2.7 bilion kepada syarikat berkenaan dan bukannya menyelesaikan isu air di negeri itu.
Katanya, tindakan itu adalah satu kecuaian jelas oleh kerajaan negeri pimpinan Mohamed Azmin. Kerajaan Selangor sepatutnya sudah pun mengambil alih SPLASH dan kecuaian itu memberi ruang kepada pemegang saham SPLASH untuk mengaut lebih banyak untung sehingga mereka menjadi berani sebegini.
"Seorang Menteri Besar sepatutnya berjuang untuk rakyat tetapi pergerakan mungkin terhad kerana terlalu kenyang hingga termuntah," katanya dalam satu kenyataan pagi ini.
Pada 5 November 2016, BH Online melaporkan Abdul Khalid menafikan Kerajaan Selangor tidak pernah menawarkan bayaran RM2.975 bilion bagi pengambilalihan ekuiti SPLASH antara 2008 dan 2014 seperti yang didakwa Mohamed Azmin ketika menggulung Belanjawan 2017 di Dewan Undangan Negeri (DUN) Selangor sehari sebelum itu.
Sebaliknya, beliau dilaporkan berkata, dakwaan berkenaan dibuat bagi mengalihkan perbincangan mengenai keputusan pentadbiran Mohamed Azmin untuk membayar sebanyak RM2.7 bilion terhadap ekuiti syarikat konsesi air itu, iaitu 10 kali lebih tinggi daripada tawaran asal yang berjumlah RM250.6 juta.
Sementara itu, Abdul Khalid turut mengulas kenyataan Speaker DUN Selangor, Hannah Yeoh dalam sebuah portal berita, yang menyalahkan SPLASH dalam isu gangguan bekalan air yang kini menjejaskan lebih 500,000 kediaman di lima kawasan di Lembah Klang.
Katanya, beliau ingin mengingatkan Hannah bahawa beliau pernah meminta DUN membawa isu air dan pengambilan SPLASH ini kepada Jawatankuasa Pilihan Khas Mengenai Keupayaan, Kebertanggungjawaban dan Ketelusan Selangor (SELCAT).
Bagaimanapun katanya, usulnya itu ditolak mentah-mentah oleh Hannah.
"Mungkin ketika itu (Hannah) merasakan ia tidak begitu penting. Natijahnya, rakyat terpaksa menanggung seksa akibat pemimpin yang mengambil sikap sambil lewa dan tidak bertanggungjawab," katanya.
I agree with the previous MB statement on the part where Azmin Ali & Co are not serious on solving the matter. In fact you don’t have to wait until July just to make an offer to take over Splash. With the state govt’s strong balance sheet, they can afford to absorb a few billion ringgit loans easily to finance the acquisition. In the end the one who benefit the most from the deal conclusion are the rakyats.
Splash is a money making entity. So it shouldn’t be viewed as a bailout or forced acquisition. I hope with the latest water disruption issue, the state govt can look into solving Splash issue urgently.
Either ways I see no harm in holding long. The only issue I have is the liquidity and low volume of shares traded in this counter. Need more participation daily but that can all change in the future with better news and catalysts.
Looks like the first thing who ever wins Selangor, Splash problem will get priority. Sabotage can go both ways....If it is sabotage, i smell political revenge coming.
From: Klang MP Charles Santiago.....Splash owed TNB millions in Electricity Bills....Really don't know what else do Splash owed??? Better get Rid of Splash
Under the Water Services Industry Act 2006 (WSIA), the federal gov. would will regulate the water supply & services industry.
While there are many voices try to confuse the situation, i think back to last year, investors have good sense already cash-out even before the dead line of Oct,17.
The reason given was no mutual agreement on selling price ... but, think it over, will the fed gov. want to provide this large amount of cash to state gov? which can be transformed as election campaign funds?
Posted by firehawk > May 18, 2017 05:51 PM | Report Abuse X
too long time not review this counter ... can't remember exactly! whatever ... dun think even Oct can conclude the deal!
Splash is valuable because of the hard assets and monopoly la, Deloitte fair valuation of 3B is actually very conservative. Charles Santiago is not from a financial background, he is a liberal arts major from some tier 3 university in USA I believe, which is SAD considering so many more people are more capable than him but DAP cannot choose to elect a better candidate in Klang. Anyways the real story here is not just this co but Taliworks and a few other cos which have equity in SPLASH will overall benefit la, no losers in this deal. But time is the only enemy here, more delays, more lost of opportunity cost when the capital could be injected elsewhere.
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Posted by Savvy88 > 2018-02-16 23:34 | Report Abuse
A very auspicious CNY to all KPS investors.
Pls be alerted that a "Flying Dog" is borned.
Two immediate positive factors to kickstart the counter: -
(a) The new acquisition of CPI Penang Sdn Bhd will be giving a big earning push of at least RM25m for the next 2yrs; (https://themalaysianreserve.com/2018/02/15/kumpulan-perangsang-selangor-buying-cpi-penang-rm250m/), and
(b) With Q4 coming out by end-Feb, historical EPS will be at least 20sen. Therefore, EPS for 2018 should be at least 25 to 30sen, not taking into account SPLASH'S deal.
This translates into a conservative share price of RM3 to RM3.50!!