Posted by upsidedown119 > 2018-07-04 16:28 | Report Abuse

Unlikely RM2 today.

Posted by Huat1 > 2018-07-04 17:02 | Report Abuse

Why so impatient?
Let it move up nicely, no parabolic surge...sustainable better than goreng

Posted by Huat1 > 2018-07-04 17:03 | Report Abuse

Every day see our investment growing is an enjoyable experience

Posted by CaoCao > 2018-07-04 17:04 | Report Abuse

https://themalaysianreserve.com/2018/07/04/selangor-water-crisis-to-be-resolved-in-a-month/

Posted by wwq84999 > 2018-07-04 17:07 | Report Abuse

Aiya...gamuda out of my portfolio last week...sigh:-(

Posted by paperplane > 2018-07-04 17:08 | Report Abuse

Rm3. I happy enough. 50%

Posted by param54 > 2018-07-04 17:26 | Report Abuse

tomorrow will cross above 2.00 then profit take but it will be shallow to sell and buy back

Posted by Stephenloo > 2018-07-04 19:28 | Report Abuse

Keep until annoying of splash

Posted by traderman > 2018-07-04 19:46 | Report Abuse

Low valuation by harapan. Think logically they won't pay so much for splash

Posted by PenguinDad > 2018-07-04 20:14 | Report Abuse

fair value is 1× bv and that is what other water companies like punck got in their deal.

Posted by JJchan > 2018-07-05 06:39 | Report Abuse

Cheap....so what is cheap? Splash will Sue Selangor Gov (owner of Syabas) 4.0+ Billion for Unpaid Debt (account receivable ) Gamuda lawsuit (splash) already lodged in ShahAlam Court

Posted by param54 > 2018-07-05 09:41 | Report Abuse

hope can break 2.00

Posted by vantagebay > 2018-07-05 09:43 | Report Abuse

profit taking today. will close lower today

Posted by JJchan > 2018-07-05 10:40 | Report Abuse

sharks want to corner price at 1.930.....Blocking 1.940 and 1.92 ( Good, price will surely breached
past 2.00 rapidly later )

Posted by JJchan > 2018-07-05 10:48 | Report Abuse

Minister of Water/Land (Xavier Jayakumar) doesn't understand Splash Deal ( Just Talk only)
Azmin (Economic minister/ former Selangor MB) had the FULL picture-----
Anyway it is Water Rate and Paab Loan that matters------Water Rate controls Loan Size.-------

Posted by Savvy88 > 2018-07-05 11:37 | Report Abuse

CGSCIMB Research; The Edge Financial Daily;
July 05, 2018 11:15 am +08;
1) "We expect a new takeover offer by Aug 4 valued at at least 0.8 times P/BV, considering the possibility of a haircut or discount, as mooted in the past." 
2) "If the SPLASH deal is successfully concluded, we believe this will pave the way for long-delayed structural changes in Selangor’s consolidated water operations, the roll-out of backlog water capital expenditure (pipe replacement, non-revenue water reduction and new water treatment plant capacities) and a full-cost recovery model possibly through a scheduled water tariff increase. This will address the cash-flow deficit and unpaid receivables along the entire water treatment and distribution supply chain." 

http://www.theedgemarkets.com/article/all-eyes-splash-deal?type=corporate

Posted by upsidedown119 > 2018-07-05 12:16 | Report Abuse

Increase in water tariffs? Nah, not politically doable, except perhaps for commercial use. But increase in cost will flow down to the local consumer. The cash-flow deficit is due to very very bad management because of UMNO political appointees. Get rid of them and employ professional managers and Splash will have a cash-flow surplus.

Posted by Muhammad Saifuddin > 2018-07-05 12:34 | Report Abuse

Buy!! Selangor will win fa cup.

Posted by paperplane > 2018-07-05 12:56 | Report Abuse

Can increase tariff, but still below 20 unit remain subsidised. Only those rich ppl or industry need to pay. Higher. Which is fair in a way

Posted by paperplane > 2018-07-05 12:56 | Report Abuse

I support azmin. He got sense

Posted by sonichead > 2018-07-05 15:42 | Report Abuse

http://www.theedgemarkets.com/article/xavier-jayakumar-confident-solving-selangor-water-issue

Posted by Savvy88 > 2018-07-05 15:46 | Report Abuse

Xavier Jayakumar confident of solving Selangor water issue

"I think this issue can be settled. We are going to push everyone to make sure that this objective is reached within the 30 days after I got the extension approval from the Cabinet meeting yesterday (July 4).
"I'm not going back to the Cabinet to ask for another extension so I'm very confident that we will handle it within this one month," he told reporters at the press conference during his site visit to Langat 2 water treatment plant today.

http://www.theedgemarkets.com/article/xavier-jayakumar-confident-solving-selangor-water-issue?type=malaysia

Posted by NorthernStar > 2018-07-05 15:49 | Report Abuse

As the Selangor Government is looking to resolve the SPLASH issue by next month.

This news is certainly positive to SPLASH shareholders which is KPS and Gamuda.
KPS owns 30% while Gamuda owns 40% and the remaining 30% owned by a private company, Sweet Water Alliance.

Key issue in SPLASH was the valuation. Back in previous MB time , Tan Sri Khalid Ibrahim offered SPLASH shareholders at a valuation of only RM250m, which represents less than 0.1x book value of SPLASH.

This is too low as compared to offer of other water assets in Selangor such as Puncak Niaga Sdn Bhd (PNSB) and Konsortium Abass (ABASS) at 1.0x BV. Of course SPLASH shareholders rejected the offer. Till then no deal has been made between Selangor state government and SPLASH.

SPLASH book value worth RM3.3b.

Currently SPLASH’s book value worth RM3.3b. At 3.3b book value, KPS’s 30% stake in SPLASH is worth RM990m. This is equivalent to RM1.84 of KPS per share. More than current share price of KPS

The concern is now whether Selangor state government can actually pay at 1.0x book value. Well, if Selangor State Government wants to be fair, they need to offer SPLASH shareholders similar valuation as what they offered to PNSB and ABASS.

Investor's key concern (i.e. politics) has now been removed. The federal government and Selangor state government is now in the same party and it is believed that the takeover issue will be resolved smoothly and quickly.

KPS’ business and fundamentals remain solid under strong management and has been acquiring good and stable companies that are already generating steady income in the various sectors namely:
- Century Bonds, market leader in industrial packaging,
- CPI (Penang) Sdn Bhd, fully integrated EMS provider, and
- 60% stake Kaiserkorp Corporation Sdn Bhd (“Kaiserkorp”), a license holder of strong
brand Kingkoil.

In a nutshell, investors should seize this opportunity given the fact that KPS is a direct beneficiary of soon-to-be resolved SPLASH issue. Finally, KPS’ value that trapped due to SPLASH finally can be realized soon. Technical wise, KPS is currently in the bullish trend which can go beyond RM2.11/share based on monthly chart.

From Stockbit

Posted by rogers123 > 2018-07-05 17:58 | Report Abuse

JJchan: Last time ur monkey story, sahrking from the tree, kps crashed from 1.70++ to 1.20++. Now ur shark story, cornering the price at 1.93, will kps fall from 1.97 to ???. Hahaha. I like ur story. Well done! Kps soon back to one. Hahahaha

Posted by peterchu > 2018-07-05 17:59 | Report Abuse

worth 0.1 book value only

Posted by rogers123 > 2018-07-05 18:00 | Report Abuse

KPS gained 9 sen yesterday (+4.81%), accompanied by above-average trading volume to close at RM1.96.
Chart-wise, the stock has been on a rally after it broke out of a descending wedge pattern since mid-May. However, we think that the stock is overextended, given its steep rally and that a retracement is likely to happen soon.
Both the RSI and Stochastic are currently at overbought levels and the stock may seems possible of eventually retesting RM2.29 (R1) based on Fibonacci projection.
Keen investors can time their entries at support levels of RM1.75 (S1) and RM1.58 (S2). <--- 1.75 and 1.58 soon

Posted by ks5S > 2018-07-05 18:34 | Report Abuse

tomorrow rebound.
this counter control by ikan jerung.
They don't follow chart one.

Posted by targetinvest > 2018-07-05 19:29 | Report Abuse

Wowowow drop few cent and all the naysayer activated oo

Posted by targetinvest > 2018-07-05 19:29 | Report Abuse

Those cakap drop to 0.90 one.. all wake up and hamtam kuat kuat say habis

Posted by targetinvest > 2018-07-05 19:30 | Report Abuse

Habis lo.. soon rm 2.50

Posted by vantagebay > 2018-07-06 09:27 | Report Abuse

the water issue break down. Sell

Posted by targetinvest > 2018-07-06 10:32 | Report Abuse

This week no action for friday.

The next action will be the next 2 week... middle of July..
Big hot news..

Posted by targetinvest > 2018-07-06 10:33 | Report Abuse

Between 13 to 20th july

Kps will be on the focus again... take note

Posted by targetinvest > 2018-07-06 12:30 | Report Abuse

1.85 range is good for accumulation.
Target remains, objective remains.. just a matter of time line.

Posted by targetinvest > 2018-07-06 21:30 | Report Abuse

Next week.. get ready brother 们

Posted by targetinvest > 2018-07-06 21:30 | Report Abuse

Got hot inflow of news

Posted by 100001740002484 > 2018-07-07 05:38 | Report Abuse

Sure ?

Posted by Savvy88 > 2018-07-07 11:09 | Report Abuse

Latest Update: -
1) MB said the price of Splash already fixed.
2) Offering to Splash's shareholders soon.
3) Deal will be done within deadline set.
4) Monday fly!!!
MB: Nilai SPLASH sudah ditetapkan, kepentingan rakyat keutamaan
SELANGOR July 7, 2018 9:10 am
https://selangorkini.my/2018/07/mb-nilai-splash-sudah-ditetapkan-kepen...

Posted by ks5S > 2018-07-07 11:46 | Report Abuse

Just buy next week at any price. Will go up very fierce next week.

Posted by targetinvest > 2018-07-07 12:01 | Report Abuse

Wowow so fast news ad starting to get hot again

Posted by targetinvest > 2018-07-07 12:01 | Report Abuse

Hot hot hot... monday again eruption rm2

Posted by targetinvest > 2018-07-07 12:01 | Report Abuse

Nilai ialah.... jeng jeng jeng... rm3b +

Posted by ks5S > 2018-07-07 12:05 | Report Abuse

Monday bang kaw kaw

Posted by luiws123 > 2018-07-07 14:07 | Report Abuse

Since the offer price for Splash is unknown to the public, the trading of Gamuda and Kps should be suspended on Monday and the following days before the announcement of the offer price to avoid insiders trading

Posted by Stephenloo > 2018-07-07 16:42 | Report Abuse

If do so Will unfair to public
However kps should value more and not because of splash only
Nta at 2.7
Is really undervalue

Posted by targetinvest > 2018-07-07 21:59 | Report Abuse

Cash load rm 900m is coming on the way

Posted by targetinvest > 2018-07-08 00:10 | Report Abuse

Take lowest possible value.. rm 3billion. Tat is rm 1.67 a share already... woohoo

Posted by rogers123 > 2018-07-08 11:00 | Report Abuse

Impossible to get 3 billion. The world market is bad. Very uncertainty. Kps is too high. Not worth to buy at this point

Posted by rogers123 > 2018-07-08 11:03 | Report Abuse

Rakyat first.... 2.80 billion is the maximun. 250 million to 3 billion is 12 times jump.

Posted by Cnlim > 2018-07-08 11:19 | Report Abuse

Ha ha rakyat first every thing must be free