Highway Sprint. KPS holds 20% of Sprint. Another 3-4 years KPS will be paying off the Balance and will be collecting Max toll payment for the next 20 years. Traffic will only increase every year and how many Billions can collected back with 200mil investment....Muhyiddin said he not discounting 20% if Gov is continuing the PH acquisition of Sprint
All these are recycled news. Moreover Sprint is a loss making concern. Calvintaneng used to talk about its mighty smart pipes. What now! All are just fantasies. The most important thing is that the company needs to be profitable. That KPS could not fulfill, making a loss in the last quarter. The balance sheet has to be strong.
If PN, Muhyiddin pays what Sprint ask for( not under Mahathir) 20% of KPS Sprints is worth RM 476mil (about 88cents/ Shares). 476mil is just to wipe-out KPS total loan+interest paid over 12 years or so. (Sprint obviously don't make money to KPS with heavy Interest payment) Under Mahathir, KPS will be compensated 396mil. At that time management had said they will use proceed to par down loan(liability) ( I think only 3 years left before KPS completely settled Sprint's Bank loan )
With 476mil if Sale is Done, KPS should consider Buying another Company related to Alibaba or Tencents. China Tech Giants push to ASEAN is almost a 100% sure things
KPS shares(nosh) is only 537mil, even 476mil Sprint sale worth 88cents / share. If you add this to Century Bond 1.75, ------it is 2.63--------
Other asset like King Coil, CPI, Toyoplas not included in 2.63
Smartpipe is now a gone case. Minister under PH, Dr Xavier had spent 2 years to get every states from Perlis to Johor to agree to a common water rate, as it is about finalised the Bond to finance pipe replacement, Muhyiddin take over.
Really wish Gov will Not acquire Sprint. Sprint connects Damansara, PJ, Mont Kiara, Bangsar and Jalan Duta. 70% of the KL richest people stay in these Area. Car Vol. will only increase
KUMPULAN PERANGSANG SELANGOR BERHADCompany No. 197501002218 / (23737-K)(Incorporated in Malaysia)UNAUDITED INTERIM FINANCIAL STATEMENTS FOR THE SECOND QUARTER ENDED 30 JUNE 20209A11Material and subsequent events(continued)Century Bond Bhd’s, CPI(Penang) Malaysia Sdn Bhd’s and Toyoplas’ operations in Malaysia were halted in compliance with the Malaysia Movement Control Order (“MCO”) effective from 18 March 2020 to 31 March 2020. The MCO was subsequently extended:(a)for two (2) weeks until 14 April 2020;(b)for anothertwo (2) weeks until 28 April 2020; (c)for another two (2) weeks until 12 May 2020; and(d)for another four(4) weeks until 9 June2020.Approvalfrom the Malaysian Ministry of International Trade and Industry (“MITI”) to operate during the MCO period came at different dates for different subsidiariesand at a reducedcapacity. As of 28 April 2020, MITI allowed all companies that had approvalto operate during MCO to ramp up operations to full capacity.On4 May 2020, the government reduced the MCO to a conditional MCO, providing some flexibility fo
***3Qr result will certainly looks very, very Good "QoQ". 2Qr are just based on just " 2weeks" out of MCO 2.5months*****
JJ has deleted his comments to chkhooju about Foxconn / Apples China. I think he is still collecting. Foxconn Shenzhen alone got 300K workers and the payroll is "360mil per month." Foxconn got 12 factories in China and they are moving Out of China in stages (said JJ) Apple already confirmed some units are moving to Malaysia as announced by Alzeera news
I saw it before he did the deletion. He said that I knew nothing about mass production and that ship and plane do not wait for consignment. He must have reason for deleting it. He owes me an explanation.
Don't worry, JJ got unfinished Bisness at 2.0+ Nobody knows why KPS crashed from 2.00 down as JJ said he was supporting at 2.0. A few weeks back JJ said it was kwap unloading 25mil... reconfirmed from annual report...kwap gone
SinGor, thanks for the information. My highest price is 1.26(after dividend adjustment). In the past month I took profits thrice from what I bought at 43 44 54 58 and 61. adadjustment).
Apple Iphone New manufacturing in India is worth US$6.6Bil....But it is for smartphone US$200 Or below RM1000.....So my Apple smartphone RM4000 is manufactured where????
I-Phone is not only plastic Injection. Packing Boxes is also important. KPS JV Honda printing was from Shenzhen China. This where Huge Foxconn factory came from. Surely Honda Printing knows Foxconn and their standard.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
IronShirt
3,178 posts
Posted by IronShirt > 2020-09-12 16:22 | Report Abuse
https://www.theedgemarkets.com/article/kps-launches-rm210m-takeover-bid-century-bond
KPS bought Century Bond at 1.75 on 18 Jan 2017 (last traded at 1.71) Today Century Bond
revenue is 1.5X larger than 2017----What you know about KPS??