Now sold jaks, Khsb, Golf with spsetia to get $$$ to survive. Last 6 yrs plan- shifted all the assets to kps- to make it strong- Target Rm6. Survive with selling all the assets. Pai Ka Chai
Kps may be good in short term but not long term. After a few years, Kps will have nothing... all sold at cheap price. That's y all the director sold their share now. They know it better.
penang dap increase the water tarif but no water ration. selangor pkr no increase the water tarif but water ration. why opposition group have different thinking ? how to run the govt later if takeover the fed ? confused.....
Technically, it is not looking good for KPS as its 20-Day Moving Average is sloping downward and its price action is below the Moving Average line. The recent downward movement in price has brought us to the technically important level of 1.58. Failure to find support at this level may accentuate the bearish move. The RSI indicator is giving a reading in the oversold region. This may indicate the price decline may be over-extended. The price and volume action at the 1.58 support level is to be monitored carefully.
The hotels r not doing well, especially bridale hotel. Return is less than 2% on investment in hotels. The gas biz is a passive investment with only 40% shareholding n no profit so far. The 60% partner is also unknown. The prepaid phone is also passive investment only 30% n is a sunset industry with all 3G phone popular now, free call available like viber etc. Development of golf course is subject to kps clear all memberships sold previously which is near impossible given current political scene in selangor. This counter may be good for short term trading only.
Hng33, hat off to u, good analysis! Just one comment, the value for bridale hotel is much less, around 50-60mil kps will sell but still no buyer. As for sprint, it is in the market kps has bn asking for 120mil since few years back but no-one keen.
So it sounds like KPS would do better if they don't sell off the water concessionaires? That was my initial guess with no extensive research. Or sell it off and reinvest the proceeds instead of returning the capital to investors
Check the price for the last 6 yrs, when JoJo took over the 30 percent share. Incurred big loss. Kps is uncertainty, not worth to invest, except it touches 1.50.
Roger123, u r right. Treatment stage make money, distribution at Sybase making losses cos no tariffs increase. Khalid wants to take over on ground that he can still make profit wioutout tariff increase. Of course, one way to make sure he can deliver this is buy the biz at real cheap price! Kps bought the 60% which it didn't own in 2006 thus making it a subsidiary than just an associated company. But now they r going back to old days of holding less than 50% in gas n prepaid biz which does not befit a listed company. As I said, no good 4 long term investment, trading buy when low ok.
Hng33 n longterminvest: i know kps more than anyone here. If they sell the water, they will loss the profitable business. Golf club and hotels are half dead. If u know the ex director, i think they will give u the same answer as mine.
rakyat no need to suffer from water- the langat2 was stopped in selangor for 6 yrs- told that water can sustain for 201?? no need to transfer from outside- wayang kulit- pretend to take over- no sincere- offer such a low price- revived everytime- but still the same offer- not doing homework or lazy?- blaming gamuda and puncak- not cooperative- the price is only 10%- who wan to sell? Except moron- WASIA- necessary? lost confident- the capital market- scare off the investor- Worth? DO we need to consolidate the water to build langat2? No such rule- his own rule. Rakyat can enjoy infinite water if the langat2 is built without water consolidation- Am i right? Gamuda willing to buy without increase the water price in a few years- benefit to rakyat? Can he ensure there is no water tariff after his takeover in the future using wasia? Will have reason one day- try to reduce the water wastage from rakyat- same excuse from Penang. Rakyat suffers from no water? Who caused it? Hero or Liar?
Is he a good leader?- no development in the state, just keep the money in bank- No investment was made, keep selling the assets at a loss to get money? Money is increasing- Good management? or Poor investor?- Inflation. Water crisis- anticipate last 6 yrs- HoraX- take 6 years for planning but not implement? Sound good? Who's problem?
1. Water is the only business which can contribute better profit to kps 2. Hotel- Not very profitable due to poor management 3. The gas biz is a passive investment with only 40% shareholding n no profit so far. The 60% partner is also unknown. (longterminvest agreed with u) 4.The prepaid phone is also passive investment only 30% n is a sunset industry with all 3G phone popular now, free call available like viber etc. (longterminvest agreed with u) 5.KPGolf club- Joint venture- benefit is more to SPsetia. Still need long time to contribute positive income to kps
From the above. Only WATER is important to KPS. 1. Kps sold 30% of splash at discounted price- 10% of the price- benefit to shareholder? All the minor shareholder will suffer loss- Benefit only go to kdeb by the name of rakyat. 2. Kps will only get the return of rm0.32 from the take over- Worth to sell? 3. Shareholders wan only profitable biz, business which is not profitable should be avoided- hotel, gas and phone. 4. Acceptance of offer- the director- proposed the offer and rejected the offer himself- funny?Good decision- protect the shareholder interest. Last offer- unprofesional- accepted the offer due to national interest- shareholder doing charity work? Who's going to invest in company that willing to scarify for rakyat?
KPS will get benefit if the offer price is better. No benefit to accept the offer. Am I right, Hng333 and longterminvest?
Angelina: I asked u to sell when it was 1.86 but now is only 1.58. Kps will continue to fall if there is no good news for water consolidation, except technical rebound. Unknown speculators or investors will sell their share as they r disappointed about the acceptance. Gamuda and puncak are doing the right thing to protect their shareholders. Bear in mind, Water consolidation is not necessary to solve the water shortage but langat2. Pipe maker will up.......
so far I am waiting for technical rebound. If the support 1.58 is maintain and selling pressure decrease, the price could up to resistance 1.61, 1.64, 1.66. That if tomorrow no more fire sale happen.
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....
Roger123
1,821 posts
Posted by Roger123 > 2014-04-02 20:44 | Report Abuse
quality shah alam hotel is a profitable hotel. Really a waste