The divestment of 56% stake in KHSB to KDEB is almost confirmed deal, just waiting for EGM approval and special dividend of 26.6sen will be declared later. The takeover of its 91% stake in Abbass and 30% stake in Splash is also granted approval from both Fed and State gov already, just waiting for finalization of actual price tag and Puncak acceptance. With Fed gov holding golden share, it have autonomous to push the deal through as it have no choice as Langat 2 must approve by State gov.
Even with market risk, global market weakness or QE3 etc, all have essentially no impact on KPS and Puncak as their scenario are just alike takeover/privatization case, awaiting the deal to be go through and if materialize, both KPS and pUncak will flush with cash....
Already start accumulate back KPS at 1.94-1.95 today. Although share price is higher than previous selloff price, but buy high sell higher with next target price above RM 2.00
I believe, share price won't weaken significantly even if market tumble due to market risk, global market weakness or QE3 etc. This is because KPS and Puncak scenario are just alike takeover/privatization case in the midst to seal the deal and if materialize, both KPS and puncak will flush with cash.
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hng33
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Posted by hng33 > 2013-08-29 09:27 | Report Abuse
Sold off all remaining KPS at 1.86