Posted by rogers123 > 2018-10-16 22:10 | Report Abuse

fatimah tak kerana gamuda orang umino!!! jangan sentuh!
16/10/2018 22:09 < Who said? Gamuda got Billion of Penang project from LGE. This meant LGE is also UMNO la

Posted by upsidedown119 > 2018-10-17 17:07 | Report Abuse

Price still weighed down by the RM250M haircut.

Posted by hooi > 2018-10-17 18:37 | Report Abuse

huge impairment coming. Take profit before the next plunge to 1.00

Posted by IronShirt > 2018-10-17 18:43 | Report Abuse

Got 800million retained earning mostly earned from Splash. $250m just a account entry. Cash received still 765million

Posted by shadowraze818 > 2018-10-17 18:55 | Report Abuse

Is retain earning good or bad for a company?

Posted by lbkeat > 2018-10-17 19:04 | Report Abuse

contract value almost double compare to 98m two years ago
next year onward kps-hcm and smart pipe will upset many shareholders beside their manufacturing segment.

Posted by cocqueen > 2018-10-17 19:30 | Report Abuse

time to go up now

Posted by upsidedown119 > 2018-10-17 19:53 | Report Abuse

KPS can't "win all". There will be competition. Meantime, investors face haircut!

Posted by MoneyAndHoney > 2018-10-17 20:41 | Report Abuse

Weak volume

Posted by Ben Ong > 2018-10-18 09:07 | Report Abuse

TP?

Posted by Elixir33 > 2018-10-18 10:53 | Report Abuse

Langat 2 will cost RM8 bil to build, including: (i) Water treatment plant, (ii) Water tunnel transfer & (iii) Kelau dam (Pahang).

The project comprise 19 packages - Hulu Langat, Cheras, Sg. Besi, Bukit Jalil, Petaling, Bandar Kinrara, Bukit Dengkil, Ampang as well as Keramat AU3 (Selangor). Langat 2 plant is to be built in 2 phases, each capable of treating and distributing 1130 mld of water to demand centres. The treatment plant construction, O&M jobs would certainly benefit KPS and consortium, such as KPS-HCM, Aquo-flo, and perhaps KPS-Taliworks in O&M works. These huge contracts would be completed in 2022, with recurring incomes from O&M jobs on water treatment.

KPS is grossly undervalued, considering NTA of RM2.59 and a big pile of cash in company. They are in the best position to secure more water-related contracts. In most likelihood, the 2nd consortium comprising IJM/Gamuda/UEM/Asia Baru would be replaced by KPS consortium for the RM4.1 bil, second phase construction of L2 project. This is soon to happen, to compensate, reward and replace KPS "Loss" of water treatment income from selling Splash. A GOOD STOCK TO INVEST - INFRA UTILITY GIANT ON THE MAKING.

Posted by jinghee > 2018-10-18 12:59 | Report Abuse

@elixir33 at where you get the info? Is it reliable?

Posted by upsidedown119 > 2018-10-18 13:03 | Report Abuse

KPS don't have the infrastructure engineering experience to get the really big infrastructure contracts.

Posted by upsidedown119 > 2018-10-18 13:04 | Report Abuse

Pipe-line contracts and ALL contracts will go by open tender. Any favouritism and the MACC will come down very hard. There will be competitors. In the meantime, the RM250 million loss is hanging like a guillotine over KPS.

Posted by Elixir33 > 2018-10-18 15:39 | Report Abuse

,pl keep the childish comments to yourself.

Posted by upsidedown119 > 2018-10-18 16:01 | Report Abuse

I would just let the two farts fart it out. But they tends to stink out the forum!

Posted by upsidedown119 > 2018-10-18 17:53 | Report Abuse

rogers123 is correct. NTA will reduce by about 50 sens after disposal of Splash due to the haircut. Hopefully the contributions from other business segments will moderate the share price.

Posted by jolow > 2018-10-18 18:39 | Report Abuse

the golden goose already been slaughtered.
the other rest of the business is just unpredictable... sometime make and sometime loss.
Better don't invest in this type of company. You won't able to sleep well.

Posted by speakup > 2018-10-19 11:04 | Report Abuse

gamuda limit down soon?

Posted by upsidedown119 > 2018-10-19 17:09 | Report Abuse

Yeah Gamuda is probably history. It's only a matter of when MACC's dragnet will haul it up for possible links to MO1. Keep away from any company linked to MO1 and UMNO until the dust settles (if it settles).

Just see what happened to Datasonic. Will Fart2 want to venture into Datasonic now that it is limit-down?

As for KPS, the guillotine will come down once the RM250 million loss on sale of asset is recognised in whatever quarter it is recognised. New pipe-line contracts need to be in the order of at least RM1B to restore confidence!

Posted by upsidedown119 > 2018-10-19 17:21 | Report Abuse

But Fart1 is right. KPS as a GLC is on safer grounds, unlike companies like Salcon to which MACC can come round anytime.

Posted by thor85 > 2018-10-19 20:27 | Report Abuse

I buy back at 1.25. Big discount.

Posted by thor85 > 2018-10-20 07:30 | Report Abuse

I read the performance review in the financial information on kps website. Splash only contribute 40million last quarter. Manufacturing segment contribute much higher. Kps will not be a dead fish without splash.

Posted by lbkeat > 2018-10-20 10:39 | Report Abuse

kps start to generate 7.2m operating profit this quarter. don't look past year financial statement coz cpi,kingkoil manufacturing and kps-hcm only start to contribute this quarter. then interest expense(this quarter 9m)can be saved when cash received from splash sale.we must look beyond if we want to win big in bursa don't look backward.

Posted by upsidedown119 > 2018-10-20 22:14 | Report Abuse

True Ibkeat. But RM250M guillotine is in the future!

Posted by upsidedown119 > 2018-10-20 22:27 | Report Abuse

As per amended announcement, the 2017 RRPT work contract with Air Selangor, has not even commence.

Posted by lbkeat > 2018-10-20 23:37 | Report Abuse

i think the recent sell down is due to the impairment loss will be incur as a result of selling splash.although splash is a golden egg but this is only accounting profit(associate)and didn't contribute significent cash flow to kps.what i prefer(same like recent strategy of the management) is buying a full control of a company(at least subsidiary) or using money from splash to participate in selangor or even federal gov tender in the future!!!! kps is not a corrupted glc com(coz they start from opposition party)if their management is not good then us distributor(kingkoil manufactuirng) and china honda packaging com(cendbond)mira gas(oman partner) will not partner with kps . with the recent expansion plan especially in cendbond,cpi and kingkoil manufacturing i have a high hope with kps will become the glc star performer com in the future. let's wait and see.glc com usually like to get contract(monopoly one no competiter)but i like kps doing open competition business, fight with the world not become jaguh kampung (protected by somebody)then malaysia will only recognize by the world.

Posted by upsidedown119 > 2018-10-22 17:24 | Report Abuse

The two farts - one fart up to the skies and the other fart down to the jambans. The truth is the hard facts somewhere in between. Fart2 has more facts than Fart1 but Fart2 is too pessimistic!

Posted by rogers123 > 2018-10-23 09:06 | Report Abuse

Jjchan: Kps is only 1.28 very cheap faster buy lor. Hahahaha.

Posted by cocqueen > 2018-10-23 15:35 | Report Abuse

ok i w buy..i support JJchan

Posted by upsidedown119 > 2018-10-23 16:55 | Report Abuse

Some support at 1.27. Will see whether it will endure tomorrow.

Posted by upsidedown119 > 2018-10-23 17:09 | Report Abuse

Value KPS by PE not NTA. Watch the charts.

Posted by upsidedown119 > 2018-10-24 14:49 | Report Abuse

KPS getting cheaper. Watch the charts babies!

Posted by upsidedown119 > 2018-10-24 15:10 | Report Abuse

The weakness in KPS (as in all GLCs), lies in its management. They have not much motivation to perform and fight for market share; tends to sit on their laurels and wait for state govt to give them business!

Posted by luiws123 > 2018-10-24 16:20 | Report Abuse

They will receive the same emolument even the company is not performed. Why want to crack their head?

Posted by upsidedown119 > 2018-10-24 16:43 | Report Abuse

Also the market is now weighed down by nervousness over Lim Guan Eng's "pain and sacrifice" upcoming budget.

Posted by Happykoo > 2018-10-24 20:22 | Report Abuse

RM 1 very soon...

Posted by PenguinDad > 2018-10-24 20:39 | Report Abuse

I want 90sen only.

Posted by rogers123 > 2018-10-24 21:06 | Report Abuse

Hahahaha. Noler. Pity JJchan ler. Will push up the share for JJchan. At leasst 1.60++ for jjchan to cut loss

Posted by kenneth_lbw > 2018-10-24 21:18 | Report Abuse

park at 1.00

Posted by PenguinDad > 2018-10-25 12:24 | Report Abuse

I go for 90sen

Posted by upsidedown119 > 2018-10-25 15:20 | Report Abuse

No don't cut loss on KPS. I once held KPS for two years and still made double what I would have made in FD!

Posted by upsidedown119 > 2018-10-25 15:30 | Report Abuse

Average down instead.

Posted by upsidedown119 > 2018-10-25 16:11 | Report Abuse

Don't listen to the Farts. They like the stink of their own farts! That's why they keep farting instead of talking coherent sense!

Posted by upsidedown119 > 2018-10-26 17:13 | Report Abuse

Gamuda got back underground project because it slashed RM3.6B off the remaining project cost. Likely that was the amount of kick-backs to you-know-who.

See link: https://www.malaysiakini.com/news/449094

Posted by upsidedown119 > 2018-10-26 20:21 | Report Abuse

I disagree. What Tun and Daim knew about the kick-back quantum is irrelevant.

Those will skills and technology is 'king'.

If they have this, the Banks are willing and anxious to fund them, especially infra projects and especially if they have government contracts - the safest contracts of all.

That is why Gamuda 'bit the bullet' took a hair-cut and retain their underground infra contract. More than that, they retain their relationship with the Harapan govt, having put to rest the cry of "get Gamuda out"!

So Fart2 betted well. But Gamuda shares will remian depressed for a while due to MACC likely coming round to ferret out the MO1 moles; especially if the kickbacks prior to Harapan taking over, is linked to repaying 1MDB.

Posted by rogers123 > 2018-10-28 18:09 | Report Abuse

JJchan Gamuda got back MRT 2 bcoz it got 1 Billion Cash (from Splash---main Criteria) Don't have to
ask LGE for soft loan-----This is the same( Federal projects for kps) i see Kps getting many projects
next year
26/10/2018 15:50 <--- Previously not u said Gamuda will loss MRT2? U r damn azhold. U not even know wat wass happening inside. Only talked rubbish here. Dont Bs here. if u don know anything about the MRT2.

Posted by rogers123 > 2018-10-28 18:10 | Report Abuse

I am the one who bought Gamuda heavily

Posted by rogers123 > 2018-10-28 18:11 | Report Abuse

JJchan Zahid hit by 45 CBT charges( Umno is breaking Up )-----Same as Gamuda leading Umno Construction Co.,---is Breaking Up <-- Gamuda is Umno linked company, how can it get back the MRT2? So funny

Posted by rogers123 > 2018-10-28 18:12 | Report Abuse

Jjchan: Plz dont talk more about Gamuda. U r not deserved to give comment on it. Because u dont know anything