Posted by traderman > 2015-09-08 09:37 | Report Abuse

wah back to 1.3 ... should be something wrong with the deal already ... run while you still can.

Posted by speakup > 2015-09-08 09:40 | Report Abuse

remember "FOOL ME ONCE, SHAME ON YOU. FOOL ME TWICE, SHAME ON ME"

Posted by jolie2 > 2015-09-08 09:41 | Report Abuse

rebound now

Posted by kevinobc > 2015-09-08 10:00 | Report Abuse

kps will up .... 1.50

Posted by upsidedown119 > 2015-09-08 11:09 | Report Abuse

There is not much resistance up to 1.50. I guess the market wants more confirmation of the deal including the signing.

Posted by SinGor > 2015-09-08 11:15 | Report Abuse

Signing confirmed at 5:00PM. Please call to confirm @ 55118858 in Shah Alam Convention
Hall

Posted by SinGor > 2015-09-08 12:00 | Report Abuse

Arranging with journalist to ask more about Splash deal at Signing Ceremony at 5:00PM
so by tomolo everybody has a clearer picture on Splash Deal

Posted by hng33 > 2015-09-08 12:15 | Report Abuse

Splash deal is complicated due to khalid have offer range from 1x book value to 0.1x book value, whatever Azmin offer price will be shoot and criticize. So, i think the best is for state gov to privatize KPS and joint control splash

Posted by jolie2 > 2015-09-08 13:11 | Report Abuse

pension fund kwap is increasing their stake in gamuda. Something is brewing soon for splash.

http://www.theedgemarkets.com/my/article/kwap-increases-gamuda-stake?type=Corporate

Posted by SinGor > 2015-09-08 13:16 | Report Abuse

If privatised, we should receive bet 2.0 to 2.50

Posted by traderman > 2015-09-08 14:04 | Report Abuse

this is gambling already ... better take profit before market close later

Posted by jolie2 > 2015-09-08 14:05 | Report Abuse

some technical chart analysis

the immediate upside potential is capped at the 200 day simple moving average of rm1.43 of which a successful breakthrough would signal a bullish turnaround, en route to test the upper hurdle of rm1.60 and probably the rm1.80 mark later. On the downside, a slip below the recent lows of rm1.14 will drag the shares down to rm1.06 on extended correction process.

Posted by hng33 > 2015-09-08 14:40 | Report Abuse

Puncak will take a lead, KPS will follow.

Posted by hng33 > 2015-09-08 14:43 | Report Abuse

Wiht Selangor new set up investment arm DEIG, to consolidate all state own investment under single entity, KPS should fit well for DEIG to take over to fully control.

Posted by hng33 > 2015-09-08 14:45 | Report Abuse

And if KPS privatized at RM 2.0 not satisfied by shareholder, can ask to revise up offer like what happen in previous KDEB, to at least RM 2.30

Posted by hng33 > 2015-09-08 14:47 | Report Abuse

But, it all these potential catalyst remain uncertain at these moment, splash deal or privatized, therefore, i opt to Puncak for its confrim deal first, will swap back to KPS later for these potential catalyst

Posted by jolie2 > 2015-09-08 15:08 | Report Abuse

some technical chart analysis

the immediate upside potential is capped at the 200 day simple moving average of rm1.43 of which a successful breakthrough would signal a bullish turnaround, en route to test the upper hurdle of rm1.60 and probably the rm1.80 mark later. On the downside, a slip below the recent lows of rm1.14 will drag the shares down to rm1.06 on extended correction process.

Posted by traderman > 2015-09-08 17:13 | Report Abuse

5PM. nothing happen haha

Posted by posby > 2015-09-08 17:40 | Report Abuse

Shaking hand now..watching live

Posted by hng33 > 2015-09-08 18:02 | Report Abuse

DEIG faces 3 challenges which Azmin must address, says DAP

.....He said it was shocking that 20 out of the 28 companies reported after-tax losses in the financial year 2014.

He said Kumpulan Darul Ehsan Berhad (KDEB), the main holding company under MBI, reported after-tax loss of RM144.4 million in FY2014, while Kumpulan Hartanah Selangor Berhad (KHSB) experienced a massive RM235 million loss in FY2014 on the back of RM31.5 million in revenue.

He added that five out of the seven subsidiaries of Permodalan Negeri Selangor Berhad (PNSB) were dormant companies which did not register a single sen of revenue in FY2014.

Ong said many of the troubled companies and unconsolidated assets were left from the days of the previous Barisan Nasional state government and not cleaned up during the tenure of the former menteri besar, Tan Sri Abdul Khalid Ibrahim.

As such, now was a timely opportunity for Azmin to restructure, consolidate and transform these companies and assets in a strategic manner with the maximum amount of transparency possible. – September 8, 2015.
http://www.themalaysianinsider.com/malaysia/article/deig-faces-3-challenges-which-azmin-must-address-says-dap

Remark: Azmin could use these opptunity to potential privatize KPS and consolidate it under DEIG

Posted by hng33 > 2015-09-08 18:07 | Report Abuse

Kumpulan Perangsang Selangor may rebound further after recovering above the MYR1.29 level. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.50. The stock may drift sideways if it cannot sustain above the MYR1.29 mark. In this case, further support is anticipated at MYR1.15, where traders can exit upon a breach.
http://klse.i3investor.com/servlets/ptres/32354.jsp

Posted by traderman > 2015-09-08 18:24 | Report Abuse

Hng33 ignore technical now... is all bout the deal already

Posted by ckk2266 > 2015-09-08 19:47 | Report Abuse

http://m.selangorku.com/?post=80831

Posted by ckk2266 > 2015-09-08 20:26 | Report Abuse

KUALA SELANGOR: The long-drawn saga over the water restructuring deal between the Selangor and Federal governments has concluded after the final four agreements were signed between the two parties Tuesday evening.

The state's Pengurusan Aset Air Selangor (Air Selangor) and the Federal Government's Pengurusan Aset Air Berhad (PAAB) signed a set of agreements in accordance with provisions stipulated in the Master Agreement.

The four agreements, namely the Facilities Agreement, Lease Agreement, Settlement Agreement and Rights of Use Agreement were signed by Air Selangor chief executive officer Suhaimi Kamaral Zaman and PAAB chief executive officer Datuk Ahmad Faizal Abdul Rahman.

After the conclusion of the signing ceremony, Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili told a press conference that the signing was a major milestone in the restructuring of the Selangor, Kuala Lumpur and Putrajaya water industry.

Posted by SinGor > 2015-09-08 20:35 | Report Abuse

I hope KPS will distribute RM1 dividend and then Azmin will consolidate KPS under DEIG
with a offer price of RM 2.00 / share

Posted by mhchai > 2015-09-08 20:36 | Report Abuse

anyone know the offer price for the splash ?

Posted by SinGor > 2015-09-08 20:47 | Report Abuse

Khalid offer RM250m. Maybe Azmin will offer RM2.5billion--haha just guess

Posted by hng33 > 2015-09-08 20:53 | Report Abuse

Kps deal have not even secure shareholder approval yet, how could it even can proposed special dividend!? The main cash is via it most precious assest, the 30% stake in splash. If splash deal cannot reach final price, then only state will likely privatize it and have DIRECT and FULL control on kps

Posted by jolie2 > 2015-09-08 21:00 | Report Abuse

puncak happy ending
kps sure will super-happy ending
hip-hip horayyyyyyyyy

Posted by zamsaham > 2015-09-08 21:02 | Report Abuse

PUNCHAK niaga come first before KPS

Posted by SinGor > 2015-09-08 21:02 | Report Abuse

Offer me RM2.50 Azmin can have all my shares. But the Real problem is KDEB bcoz they can
accept lower offer and control the Voting process ( kdeb own 60% of kps)

Posted by jolie2 > 2015-09-08 21:05 | Report Abuse

ok-lah
memuncak first , then satisfy and happy.

but kps celebrate first, pop the champagne first, smoke cigar first...

Posted by jolie2 > 2015-09-08 21:07 | Report Abuse

last time kdeb under khalid..only know how to bully the minority
now under azmin-mah
dulu lain, sekilang lain

Posted by jolie2 > 2015-09-08 21:21 | Report Abuse

poised to scale higher .

Posted by SinGor > 2015-09-08 21:21 | Report Abuse

Sweet Water Boss should know the offer price for Splash.

Posted by jolie2 > 2015-09-08 21:24 | Report Abuse

the chairman of splash... wan azmi
mb of selangor.. azmin

azmi and azmin good friend... similar name... sure can kao-tim one.

Posted by SinGor > 2015-09-08 21:34 | Report Abuse

Okay, 2.5billion offer within 1 month. But Umno will call MACC to investigate.
Better offer me RM2.50 and take over KPS

Posted by hng33 > 2015-09-08 22:35 | Report Abuse

Of course, shareholder will be even more happy if kps take over at 2.50 if compared to splash take over at 2.5 b

Posted by sudahkena > 2015-09-08 22:36 | Report Abuse

Azmi is Lembaga Pengarah Institut Rakyat pkr... so not worry too much

Posted by ckk2266 > 2015-09-09 00:39 | Report Abuse

http://www.theedgemarkets.com/my/article/four-supplement-agreements-selangor%E2%80%99s-water-asset-consolidation-signed

Posted by ckk2266 > 2015-09-09 05:39 | Report Abuse

KUALA UMPUR: Both the state and federal governments have kept to the 60-day deadline to sign the four supplementary agreements related to Selangor’s water asset consolidation exercise.

Four agreements were signed yesterday between state-owned Pengurusan Air Selangor Sdn Bhd (Air Selangor) and Pengurusan Asset Air Bhd (PAAB), which is controlled by the federal government. The agreements were the Facilities Agreement, Lease Agreement, Rights of Use Agreement and Settlement Agreement.

However, this certainly does not mark the completion of Selangor’s long-delayed consolidation exercise, simply because Pengeluar Air Sungai Selangor Sdn Bhd (Splash), the state’s largest water treatment plant, has not agreed to sell its water assets to the state government as the former demands a higher price.

According to Energy, Green Technology and Water Minister Datuk Seri Maximus Ongkili, the ball remains in the state’s court but the federal government may lend a helping hand to resolve the impasse if Selangor needs it.

“Now it is for the state to make the offer to them [Splash] and [work out] the costing and the federal [government] can then consider how much and how we can help,” said Ongkili, noting that the pricing for Splash was up to the state to decide.

“There are 12 months to conclude the restructuring of Splash, and there is about RM300 million left [from the RM9.65 billion allocated for the acquisition of the four water concessionaires by Selangor

“If the amount is more ... then the state government will do the proposal to the federal government if they need our help,” Ongkili said

Gamuda Bhd owns a 40% stake in Splash, while Tan Sri Wan Azmi Wan Hamzah and the Selangor state holds 30% each. Gamuda group managing director Datuk Lin Yun Ling once said Splash should be valued at least at its book value of RM2.8 billion compared to the state’s offer of RM1.8 billion.

The four concessionaires are Syarikat Bekalan Air Selangor Sdn Bhd (Syabas), which distributes treated water in the Klang Valley, Puncak Niaga Sdn Bhd (PNSB), Splash and Konsortium Abass Sdn Bhd. Both Syabas and PNSB are controlled by Puncak Niaga Holdings Bhd, which has agreed to sell all its water assets.

Selangor Menteri Besar Mohamed Azmin Ali, who was seated beside Ongkili at the signing ceremony, was tight-lipped on the price being ne- gotiated with Splash. “I don’t think we can reveal the amount now, as discussions are still premature. And certainly we will go back to the federal [government] to discuss the details,” he told reporters. But Mohamed Azmin is confident that the state should be able to conclude the negotiation with Splash before July next year.

The menteri besar said the signing of the four agreements had facilitated the completion of the master agreement and the release of up to RM2 billion from PAAB to Air Selangor as financing for the acquisition of the four concessionaires.

Posted by traderman > 2015-09-09 06:56 | Report Abuse

Kps to gap down today Since splash no done deal

Posted by ckk2266 > 2015-09-09 07:37 | Report Abuse

http://www.theedgemarkets.com/my/video-photo/the-edge-tv-featured/227231

Posted by speakup > 2015-09-09 09:05 | Report Abuse

Sell on news

Posted by speakup > 2015-09-09 09:07 | Report Abuse

look like going back to 1.20

Posted by jolie2 > 2015-09-09 09:08 | Report Abuse

next move
step 1) kps will be privatise so that kdeb swallow the 30% splash equity
step 2) balance 70% (gamuda + wan azmi).... pay 0.8 book value = rm 1.4 billions

things settled.

Posted by jolie2 > 2015-09-09 09:18 | Report Abuse

probably privatise kps ----jan 16
new offer ... april 16

i like to dream . Dream is good

Posted by jolie2 > 2015-09-09 09:58 | Report Abuse

all this BN politician already pre-set the game earlier with khalid--- conspiracy theoy
They know gamuda won't accept the offer of 0.1x book value.
they pay-off puncak first.
then , they will ask selangor to share-share (50: 50 ) to pay-off gamuda.

selangor govt dig out rm 1 bil by privatise kps.... then fed pay the balance 1.4 bil

Posted by traderman > 2015-09-09 10:05 | Report Abuse

accumulate more. once announce, 1.4 also cant get.

Posted by hng33 > 2015-09-09 10:13 | Report Abuse

splash deal still need 1 year and Abbas deal still need 4 month.....plenty of time buyback on weakness. But the wild card is still on potential state to privatize KPS to avoid hassle free on water take over price.