Posted by Parkson > 2016-05-25 13:05 | Report Abuse

Makan TriPlc is his action so far.

Posted by murali > May 25, 2016 12:29 PM | Report Abuse
Rozali prefer makan sendiri

Posted by CK888 > 2016-05-25 13:51 | Report Abuse

Kahhoeng,

well done and thank you for your suggestion to Rozali.
I was at the AGM too, without realising that gentleman was you...

Hope everything would be ok once they initiated the sbb...& positive media coverage on Puncak's future plans.

Posted by cheoky > 2016-05-25 18:30 | Report Abuse

Bravo. That handsome man is you. May your patience be rewarded well... i tumpang u.

Posted by AK2899 > 2016-05-25 23:21 | Report Abuse

Wonderful & appreciate for Kahhoeng proposed allocation of RM200Million for share buyback. But My 2 cen Rozali himself know very well how to "control or manipulate" the share price.

we ask to pay us dividen

Posted by Jack Hooi > 2016-05-26 00:14 | Report Abuse

thanks kahhoeng， you re the man

Posted by kahhoeng > 2016-05-26 13:23 | Report Abuse

Sigh! Read the Edge, Rozali didn't mention share buyback as an option. Can only hope he will...

Posted by cheated > 2016-05-26 13:34 | Report Abuse

All are cheated. Where got mention shares buyback in AGM?

Posted by kahhoeng > May 25, 2016 12:26 PM | Report Abuse
Attended AGM just now, proposed and allocation of RM 200 million for share buyback, was said a good idea and will look into. I also asked him to initiate purchase himself. Hope both will be taken into action.

Posted by FAIRnREASONABLE > 2016-05-26 21:52 | Report Abuse

Kahhoeng suggested SBB and the Board responded that the idea would be considered.

SBB must be tabled as resolution for approval by shareholders at a general meeting. Since no SBB was approved, Rozali was not in a position to make any announcement to the media.

SBB may pose a problem to the major/controlling shareholder as his increased % could trigger a GO.

As clarified at the AGM, the cash pile is intact and is earning 3 - 4% yield.

Hopefully, this Q results to be announced is not negative.

Posted by AK2899 > 2016-05-26 23:26 | Report Abuse

He will look into how to use our money to buy over triplc....

Posted by mwong3 > 2016-05-28 18:46 | Report Abuse

guy ! chart tell the puncak will rise

Posted by kahhoeng > 2016-05-28 21:54 | Report Abuse

would still like to see Puncak trading between 2.30 and 2.80 reflecting its net cash per share... Interestingly, the quarter report has yet to be released, thought it would be released yesterday?!?

Posted by Parkson > 2016-05-30 10:47 | Report Abuse

QR not out another loss qtr? No wonder Rozali dare not buy.

Posted by Parkson > 2016-05-30 10:47 | Report Abuse

Shares buy back also fake one where got announcement?

Posted by wonderboy > 2016-05-30 17:22 | Report Abuse

Quarter release :(

Posted by smartly > 2016-05-30 18:42 | Report Abuse

loss making. holland. :(

Posted by kahhoeng > 2016-05-30 20:43 | Report Abuse

very upsetting quarter result with net cash per share dropped to 1,206 millions or 2.67 per share (1,262 million cash/short-term investment - 56 millions loans) ... Don't understand why the property, plant & equipment values dropped by 11 millions while service concession assets took another hit of 7 millions... Also, fail to find the part where the return on its cash in hand and short-term investment of over 10 millions per quarter is recognized in the quarter report. Another missing piece of information is with regards to the takeover of Beaufort, Sabah's water treatment plant. Have to wonder if the quarter report is poorly reported on purpose to justify the purchase of TRIPLC...

Posted by HowAh > 2016-05-30 20:56 | Report Abuse

Wah Sai Lao Sai!! Share price tomolow jiak sai

Posted by Jack Hooi > 2016-05-31 00:34 | Report Abuse

Guys, compare to previous quarter, the result is consider positive, last quarter was making lost for 23sen per shares

Posted by Ckk2266 > 2016-05-31 08:56 | Report Abuse

Gap down...sigh!

Posted by kahhoeng > 2016-05-31 09:17 | Report Abuse

The quarter report didn't reveal details and misleading in nature. The reported loss is 45 millions, but the cash in hand has only dropped 28 millions. Most other losses were actually recognized through PPE and service concession asset (isn't that an impairment?!?) The last quarter sees the takeover of Sabah Beaufort's water treatment plant of which the expenses are not revealed, making me wonder if the cash outlay has anything to do with that. Moreover, the income statement didn't offer the figure on the income from its cash hoard of over 1.2 billion!

The sad thing is, I decided to switch to a cash rich company to ride through the downturn in economy 3 years back that turns out to be even rockier.

Posted by Ckk2266 > 2016-05-31 09:45 | Report Abuse

Cut loss @ 1.15

Posted by Up_down > 2016-05-31 10:09 | Report Abuse

Triple is better bet between Puncak and Triplc at least within 3 months.

Posted by kahhoeng > 2016-05-31 13:43 | Report Abuse

2.67 cash traded at 1.15, doubt there's much downside risk, problem is when will the price recover to reflect cash level, sigh!

Posted by r°Moi > 2016-05-31 13:45 | Report Abuse

Q announcement indeed needs improvement...

Posted by Parkson > 2016-05-31 15:17 | Report Abuse

As expected Puncak reported loss. Unexpected is another qtr huge loss RM 45.547 million or EPS -10.14 sen. If still continue Puncak will be bankrupt after 11 qtrs. why got people dumb-dumb hold and not sell?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5108413

Posted by firehawk > 2016-05-31 16:56 | Report Abuse

Wah! last min jump water! dive dive dive .....

Posted by mrcbbb > 2016-05-31 21:10 | Report Abuse

Sell and cut loss

Posted by mrcbbb > 2016-05-31 21:12 | Report Abuse

Vampire counter

Posted by kahhoeng > 2016-05-31 22:25 | Report Abuse

bomb here, bomb there, got bombed already, don't even know where should I switch if I were to restructure my portfolio now, sigh! Shall wait for another quarter to see how things pan out...

Big joke, a 1.2 billion CASH company traded at less than 500 million market cap, LOL! Wonder why the sudden selloff during the last minute?!? margin call?

Posted by firehawk > 2016-05-31 22:59 | Report Abuse

should announce special div. to buffer ..... otherwise own so much cash is useless!

Posted by kahhoeng > 2016-05-31 23:12 | Report Abuse

firehawk, cash could be used for share buy back, that will shrink the supply while increase the demand. The slide shall stop and begin to rise while net cash per share will increase (even best, those shares kept in treasury could be sold for profit when market recovers), a better solution to current nonsense dive...

Posted by babu > 2016-06-01 12:22 | Report Abuse

kahhoeng, if you were tasked with share buy back how much do you think you can do ? Look at the market depth, there is not much Sellers ...... so, if there is no sellers how are you going to do it ? The SBB idea is good, but in order for it to make a difference at all you need to have sellers in large volumes and you need to do it without pushing the price sky high .... how ?

Posted by kaikai > 2016-06-01 12:43 | Report Abuse

->kahhoeng : A few points to note . 1. Rozali is constantly on the highest paid CEO list during good time and bad time (even when the company was losing money), it's obvious that he is not someone who takes care of minority shareholders' interests. 2. The recent proposed take over of Triplc could be an avenue for him to cash out his money from "the other side" of his pocket rather than sharing the money with Puncak's shareholders. 3. it's almost confirmed than he would never do a SBB and whatever he said in the AGM was to avoid any possible uproar of shareholders during the event.

Posted by _OptimusPrime_ > 2016-06-01 13:00 | Report Abuse

the reason i am always fearful of this stock bcos the name sounds like "pun chat" u know cantonese say " wan pun chat " means taking advantage of you mercilessly.

Posted by kahhoeng > 2016-06-01 16:01 | Report Abuse

babu, don't understand your question. Don't see a correlation between share buy back and market depth at all. Current share price reflects (1) there are way too many wanting to sell than wanting to buy and in a desperate mood (why else its traded at less than 45% of NET CASH?) or (2) concern Rozali and his team will squander money! or (3) somebody is manipulating the market to force shareholders to sell cheaply through free falling share price, no board response and lack of regulation to protect small shareholders when a company is in a cash rich position. Or all three factors at play - that's what I believe.

The purpose of share buy back is to protect shareholders interest, i.e., not letting share price to drop too much below its cash position as well as an option to store wealth. Current share price is traded as if Rozali and his team will squander the money and making shareholder unease. In addition, shareholders' value is reflected through how much he/she can collect on dividend and can sell in the market. If share price can't even reflect its value, why should any shareholder invest?!?

If Puncak doesn't have the capacity to do so, surely I can understand it. The truth is, though, Puncak's holding on to 1.2 billion without addressing shareholders' interest.

Posted by firehawk > 2016-06-01 17:01 | Report Abuse

latest 2Q loss~150m, annualized ~300m. if this trend persist, 1.2b cash pile can be finished in 4-5 years time!

Posted by firehawk > 2016-06-02 10:18 | Report Abuse

even operation is loss lah ... moreover, it is deteriorating. Share price mostly reflect the prospect rather than nta!

Posted by wisdomtot > 2016-06-02 13:18 | Report Abuse

Bottom already or not? Bottom already quickly rebound.

Posted by firehawk > 2016-06-02 14:17 | Report Abuse

for those believe in nta, should wait until 3.00 only sell, bcos nta is more than that! wise approach .....

Posted by firehawk > 2016-06-02 15:41 | Report Abuse

ppl hv very -ve perspective is bcos all the while it depends on concession business, now, the concession business ended, can it survive in normal business environment? it is a doubt ... the loss could drag on ......

Posted by kahhoeng > 2016-06-02 16:16 | Report Abuse

firehawk, read CIMB's analyst or Edge's report on Puncak, both are deemed incorrect on both (1) number of share outstanding, with CIMB citing over 520 million shares (it assumes the sukuk has not been redeemed yet while Edge citing 477 million shares and (2) the cash in hand is less than 1.2 billion - if I were not wrong, both had assumed cash of less than 1.1 billion... Err, how many actually read them anyway?!?

Posted by firehawk > 2016-06-02 16:58 | Report Abuse

i won't go to so details loh .... frankly, i treat this ctr as speculative ctr, which i only allocate small amount of fund to try luck, it is just not an investment grade for me.

Posted by kahhoeng > 2016-06-02 17:15 | Report Abuse

firehawk, I can understand every individual has his/her own investment preferences, just don't go around and tell people what you are not even sure or know yet pretend to know or be sure...

Posted by firehawk > 2016-06-02 18:06 | Report Abuse

i know and very sure the operating loss is deteriorating terribly .... knowing evry account details doesn't mean all, otherwise, all analysts should be very rich, the implication and many other factors working too ..... this forum is open for opinions and possibilities, feel free to accept or disregard ......

u give me the impression that u are very much depressed by this ctr and too sensitive ......

Posted by kahhoeng > 2016-06-02 20:52 | Report Abuse

firehawk latest 2Q loss~150m, annualized ~300m. if this trend persist, 1.2b cash pile can be finished in 4-5 years time!

01/06/2016 17:01

Please, you stated the above, while I am trying to point out that the losses are mainly due to impairment. The cash in hand remains around 1.2 billion, while you claim that the cash pile can be finished in 4-5 years time given reported figures. So, are you stating opinion? Apparently NO. And, I am merely responding to your claim.

Did I lose a lot of money in this? YES - but I am still holding. Am I too sensitive? NO.

Posted by firehawk > 2016-06-02 21:56 | Report Abuse

i'm posting my opinion and possibility, OK? if the operating loss deteriorate faster, the time even can be shorter! if an investment can affect yr emotion, the portion is too heavy!

i even saw more ridiculous comments and tp, not only i just pass them, i even can joke with them ... while I post the above, i myself hv some holdings! i can treat this easily, bcos i know my situation and accept the possibilities ....

yr post also affirm my belief, knowing every details doesn't mean all!

if u think my posts violate rules, report to moderators to take action against me, ok? i dun want to spend more time for unless!

Posted by firehawk > 2016-06-02 22:04 | Report Abuse

TA: next support level 1.00 ....

see it yrself from the chart!

Posted by kahhoeng > 2016-06-02 22:17 | Report Abuse

firehawk, are you sure what you are writing? You annualize loss to be 300 millions, and assume this loss to be equivalent to cash drain. Then, you think I am emotional because I am trying to point out your number is inaccurate? When I am suggesting you not to go around and tell what you don't even know or sure, you want me to report you if I find it violating?

Did I find your post annoying and violating? Frankly, not sure myself. You could be an investor losing money in this counter like me, posting what you fear the most, cash gone empty before long. If you are in this camp, I felt sorry for you and try to calm you by informing you what I know. You could also be an investor hoping to buy cheaply by posting nonsense finding by scaring others to sell. If you are in this camp, then you are a coward hiding behind a pseudonym. Which camp do you belong to? I have no idea. I merely respond to what I find inaccurate on counters that I am investing or interested to invest.

I believe in investing through time spent understanding the macro and micro of business cycles, not by cheating others to buy because I want to sell or scaring others to sell because I want to buy...

Posted by firehawk > 2016-06-03 08:54 | Report Abuse

ha ha! not everybody can take it so easy ... especially alrdy heavily loaded ......

some won't observe the situation and make a review, but firmly believe is surely a true value buy ....

Posted by speakup > 2016-06-03 09:12 | Report Abuse

kahhoeng u seem a nice guy, but nice guys dont always win.
the market is a dog eat dog world.