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 support and resistance level of KPS are 1.48 and 1.52 respectively. The indicator analysis on RSI is not exhibiting any extreme condition. Watch out for the 30% and 70% levels which indicate any oversold and overbought condition respectively.
@samsoong, well said. money should be spent towards rakyat's well-being. This is just like a stingy employer (state government) who make tons of money at the expense of the employee (tax payers)
KPS is the only water concession which accepted the latest offer. That means Gamuda & Puncak not making much with the latest offer, but KPS will be reaping huge gains.
anyone here i have some question .. is it the deal have to complete with selangor gov is all the water company have to agree to sell the business ? if some company not willing to sell the business to sel gov that mean they will bring the case to high court , if this action normally will take how many month or year ? ? last is the raw water license .. the sel gov will terminate the water license that mean kps will lost the core income ? is it true ??
you are so behind the news..pls catch up on the conversations. KPS will remain the relevant one even if they sold the business to the Selangor govt and eventually once consolidated, it will go back to them.
Dream on, crawler. Wiwang behind news is better than getting wrong news. Khalid already said a new spv under kdeb will be set up to run consolidated water biz n all rakyat selangor will be given one share each. Water is not to be run btw listed co bcos it is not profit oriented.
Kps has no bright future, now all hope the water deal only. If the deal gets through without top up, shareholders will become the big loser. If the deal not get through, will be good to shareholders.
the share price don't lie... again some people want to buy cheap and spreading rumours. All I can say now something is happening behind some confidential discussion to resolve the deadlock situation. WASIA is the last in card. Who know KPS might be taken private :)
I am no body. I don't think there's a need to debate who I am. It is not ethical for me to share the truth? or you think you know the truth and no body else?
Posted by speakup > May 9, 2014 11:59 AM | Report Abuse
For water play, buy KPS
KPS is the only water concession that stand to make a big profit for water asset sale. That is why they are the only one accepted the last offer for sale.
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Posted by Dylan1027 > 2014-05-04 13:26 | Report Abuse
From wht we can see KPS trade Only one way , downtrend..