Post SPLASH’s deal, the maintainable earnings would be derived from pipes replacement and rehabilitation contracts in the tune of RM5Billion over 10 years. Granted that open tender system is adapted, the Smartpipe Technology would have a cutting edge over others. This trenchless technology using laser and ultrasound technology would be effective in reducing Non-Revenue Water (NRW) drastically and can be applied across the country. Hence, the maintainable earnings of KPS would be very strong. So, my recommendation would be “BUY”!!!
The public doubts that the federal government will offer RM3b for the Splash deal even though the state and federal government are from the same party.
its a bit tough for them not to seal the deal by this coming July as previously the issue was due to disalignment of Federal and state. Now they cannot use this excuse anymore. And Selangor MB has sworn in and already make this as his priority. So whatever it is, they have to make sure this issue resolve to avoid public to make noise.
And in terms of valuation, state government should not have any issue with RM3.0b price tag as the money will go back to them if Kps declared special dividend after the deal completed. Remember major shareholder of KPS is the state government. The higher the valuation the better for Selangor.
Collecting pattern only lah...this operator's modus operandi is so blatantly obvious for all to see. One big fund is all it takes to reverse it back up!
Mega project is good for face but water is the needs of Rakyat. Ask yourself do you enjoy during the period of water issue and rational of water supply. Q to collect you daily need or frustrated with the water trucks is not coming!
No money to buy up company still need to pay dues owed. Outstanding 4.2Billion lawsuit for payment. Imagine your customer buying your product but not paying. How to continue supplying? Definitely need a solution. Pay $4.2 billion dues or buy up company 3.3 billion. Your choice which would you take. Not a question of no money anymore.
1) PAAB is the grand vehicle for the government issuing SUKUK Bonds to finance the whole country water restructuring exercise. 2) The financial muscle of PAAB could finance as much as RM40Bil of water related projects, all to be controlled & monitored by Federal Government with the respective State Government becoming the concession holders. 3) The respective State Government are responsible for the operation, maintenance and boosting the efficiency of water related projects. 4) Therefore, the last jigsaw puzzle (SPLASH) being valued at between 2.7Bil to 3.0Bil is a peanut issue. This will complete the Selangor, FT and Putrajaya’s water restructuring exercise. 5) Since Azmin Ali has indicated earlier that the State Government is willing to part-finance the SPLASH’s deal, the formula of 60:40 would most probably be applied.
In conclusion, this deal would definitely be done expeditiously to the benefits of everybody. Let’s not beat around the bush. This is the solid fact.
Yea.. deal will be done. And today is friday, the last trading day of june.. Next week is july, the month the deal is expected to complete. Today is also t4 from heavy spike.
Today buy in and hold 20 days and get your big bonus
Target: u know nothing in kps. The payment wont exceed 3billion from wat i know. If 0.8 book value will create negative surprise. Splash will incur 0.2 loss 500++ million loss. Plz dont use 'guarantee' this word. May be u r holding a certain amount of kps, u wan more poeple to buy n push up the price. But someone keep dumping kps. May be u r the one?
I don't understand to those negative ppl staying here and say all negative things to this share, if you don't like this share, move forward to other share that you interested... Unless you get trap alot in this share and don't want to admit your loss, but base this few month , kps is growing and that's the fact, impossible got ppl get trap..
I heard somebody say he saw someone dump kps, what I saw is kps after giving bonus issue and now dividend still standing tall around1.65- 1.7 , ppl dumping ??? What a joke
The east coast railway link project cost 66 bil. The new govt will cut cost 26 bil. This cost saving can be used for splash deal which is more important for foreign investment.
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Posted by targetinvest > 2018-06-27 15:58 | Report Abuse
If listen roger wait 1.2 i also ad die long ago seeing fruits coming