Posted by kahhoeng > 2017-02-27 17:42 | Report Abuse

another record loss, have to respect the BOD... 93.7 million losses, of which 69 millions is impairment while 14.5 million from discontinued operation... If we minority shareholders don't bind together seeking SC intervention and an external auditing of the firm, we would be the free piggy banks to majority shareholders then

Posted by r°Moi > 2017-02-27 17:45 | Report Abuse

.

Dont care the quarterly operating small losses...

Important.. must stop rosxli induced big lossess

.

Posted by jacklintan > 2017-02-27 17:49 | Report Abuse

CCB! How can!! keep losing like that every quarter???

Posted by steveooikp > 2017-02-27 17:51 | Report Abuse

so tomorrow go back to 88 sen?
where you all get the QR?
not here?

Posted by kahhoeng > 2017-02-27 18:24 | Report Abuse

Most of the losses are impairment and from discontinued operation, most likely the China operation.

Steveooikp, from bursa website

I believe, the only way now is through SC. pretty close to my guess, the 67 million L3 investment is gone is the fourth quarter report. Big joke, acting like we minority shareholders are used disposal diapers

Posted by voon1900 > 2017-02-27 18:35 | Report Abuse

hao cai zou de kuai

Posted by voon1900 > 2017-02-27 18:36 | Report Abuse

tis time nt play play,open 80sen...close 70sen

Posted by firehawk > 2017-02-27 21:17 | Report Abuse

NTA still above 3.00, should be pretty close to some ppl guessing ....

Posted by rogers123 > 2017-02-27 21:20 | Report Abuse

Tomorrow big dip again

Posted by rogers123 > 2017-02-27 21:23 | Report Abuse

Kahhoeng: Now u can see.... hng and icon888 already disappeared

Posted by rogers123 > 2017-02-27 21:31 | Report Abuse

hng is a singkalan. I told u many times already, don trust him. Dont buy puncak. High cash flow and high NTA, dont mean that r good, all r bs. U need to see the person who in charged, whether he is for his own good or he takes care the shareholders. But i can tell u that RZL is not a trustworthy person.

Posted by firehawk > 2017-02-27 21:31 | Report Abuse

Should piss off those giving -ve comment here, just like before ... bcos they are not sure or don even know what is happening ....

Posted by klout > 2017-02-27 21:42 | Report Abuse

Will give Mr Shashi a call. Can you also put on the forum Mr Shashi's email? Thks

Posted by kahhoeng > 2017-02-27 22:18 | Report Abuse

To all concerned minority shareholders of Puncak Niaga:

You can reach Mr. Shashi using below contact, make your concern and worry heard!

Investor Affairs & Complaints Department
Securities Commission Malaysia
No 3 Persiaran Bukit Kiara
Bukit Kiara
50490 Kuala Lumpur
Tel: 603 6204 8999
Fax: 603 6204 8991

E-mail: aduan@seccom.com.my

Posted by Risk Rider > 2017-02-27 22:23 | Report Abuse

No.1 value trapped malaysian company in Bursa now, cash in hand higher than market capitalisation. Should change Puncak Niaga name to China Co Berhad. Cash can see but cannot use one

Posted by angiess > 2017-02-28 00:26 | Report Abuse

Hi kahhoeng, after they removed the 67million in Q4, Qualified for PN16?

Posted by kahhoeng > 2017-02-28 08:06 | Report Abuse

angiess, no, given Puncak's cash to total asset fall below 70% in Q4 report, despite the 67 L3 investment taken out, it won't be classified as PN 16 company. The only way is for an external forensic auditing of the firm can find out the core reason of the losses. It's surprising Puncak has been able to keep incurring impairment without any party taking action against it...

Posted by r°Moi > 2017-02-28 08:30 | Report Abuse

.

Non stop allowance for foreseeable losses

How can this be... rosxli.... 3 months only... cannot foresee... previously?

Very fishy...

.

Posted by kahhoeng > 2017-02-28 08:37 | Report Abuse

rMoi, instead of your non-stop 'very fishy' comment, why don't you approach SC for your second wave?

Posted by steveooikp > 2017-02-28 08:57 | Report Abuse

revenue 20million
lost 93 million?

hahaha....boleh land....

r moi - once her 2nd wave is out, nobody can handle.... Malaysia earthquake... 2nd wave kungfu, imparted by the beggar king.... not burger king (the roti sandwich with meat), ok.

Posted by Jay > 2017-02-28 09:55 | Report Abuse

cashpile is dwindling fast by paying operating expenses. don't spend it soon and puncak management will happily spend it away

Posted by steveooikp > 2017-02-28 12:35 | Report Abuse

if I am RZL, I also do that mah.
month by month getting lucrative salary + 3-4 luxury company cars + high bonus + entertainment fee to go pub, massage, nightclubs, flirt with movie stars, singers + pay his wife and sons (they may be also holding high posts in company).

Hehehehehe....
Malaysia boleh mah.... after few years, become kosong....

Posted by steveooikp > 2017-02-28 12:36 | Report Abuse

Another maikai holding .... that one by mic key one?

Posted by Up_down > 2017-02-28 13:00 | Report Abuse

Net cash was dragged down to RM 2.16 or about 10 cents dropped. Not too bad. But the construction segment like a black hole keeps sucking blood after the subcon has abandoned the work...something fishy. Impairment of RM 41.6 million is merely a non cash item in O&G but the remaining assets in this segment stands at RM 83 million. Not sure if there's any impairment in future or not.

Posted by r°Moi > 2017-02-28 13:33 | Report Abuse

.

2nd wave.....



For starter.... the basic fiduciary duty expected of a director



The CMSA.. section 317A, a director or an officer of a listed corporation is prohibited from doing anything with the intention of causing wrongful loss to the listed corporation


.

Posted by pineapple123 > 2017-02-28 13:36 | Report Abuse

i can't ignore the Qr of puncak and tat is why i am here.

Posted by r°Moi > 2017-02-28 13:39 | Report Abuse

.


The Interested Party in using PEB clearly is scheming to inject his personal asset i.e. the listed TRIplc into Puncak at way higher than its fair value i.e. market value.


This RPT is very unfair to Puncak minorities. Any Puncak minorities who want exposure on TRIplc can certainly buy TRIplc at RM 1.90 in Bursa. No need to get it forced down their throats at RM 3.04 under the RPT.



.

Posted by FAIRnREASONABLE > 2017-02-28 14:25 | Report Abuse

rMoi, Please initiate the 2nd wave. I shall support your initiative and I believe many others will.

Since Kahhoeng is committed to engage actively with SC, you may consider pushing through the 2nd wave with assistance from MSWG perhaps.

I agree with you the basic fiduciary duty expected of a director, and would suggest that a meeting with the directors of Puncak be convened via MSWG to put our minorities viewpoints directly to the directors. They need to be reminded of their fiduciary duty, report and put right any wrong doings.

In view of the continuing losses, I am concerned of possible leakages and wrong doings going on. We have to put across bluntly to the directors to put things right or we would even consider lodging police report among other actions.

If there is a need to engage a lawyer or to cover expenses to communicate with other minorities, I reiterate my commitment to contribute a share upto RM5k.

Kahhoeng did a great job and certainly deserves our applaudes.

Please ignore the naysayers some of whom may hope to benefit from a collapsed Puncak.

Posted by kaikai > 2017-02-28 15:05 | Report Abuse

What kahhoeng has done so far demonstrated the need to defend minority shareholders interests. I personally holds near to 100,000 shares and would be making calls to SC to express my concern over multiple RPT as well as transactions that the company paid a premium. I hope that Puncak major shareholders are aware we - the minorities are watching every single penny he spends and every penny he puts in his owe pocket.

Posted by steveooikp > 2017-02-28 15:34 | Report Abuse

ks55 ---- ka ki kong ka ki song...
like a university professor....

Posted by steveooikp > 2017-02-28 15:36 | Report Abuse

ks55 --- be careful of r moi's 2nd wave.

once 2nd wave is out, you cannot tahan.

Posted by steveooikp > 2017-02-28 15:42 | Report Abuse

wa liao...
you see hng33... still buying and selling...
his genting-wa avg price 1.58...
you quickly join him... now 1.53

Posted by steveooikp > 2017-02-28 15:53 | Report Abuse

91.5 .... ks55... you go and collect..

Posted by kahhoeng > 2017-02-28 16:03 | Report Abuse

bought some at 0.92 to averaging down, almost puking when buying, sigh!

Posted by steveooikp > 2017-02-28 16:04 | Report Abuse

ks55 - I think your heart is very bad....
puncak cannot be 50 sen....
you must be wet dreaming...

Posted by kahhoeng > 2017-02-28 16:12 | Report Abuse

ks55, you are funny! What you are saying is like, if a girl wearing too nicely and being raped, the rapist has done nothing wrong, the girl should be cursed instead. BIG JOKE!

Posted by steveooikp > 2017-02-28 16:27 | Report Abuse

kahhoeng - go and buy other counters to cover your loss....
don't be too persistent over puncak....
this is a crook company....
there are plenty of good companies but price is not moving... e.g. WTK, OSK, Coastal, Pantech, Trop (10 years continuous making money with dividend),

They are quite reasonable price at this moment... but just need to wait...

Posted by kahhoeng > 2017-02-28 16:34 | Report Abuse

ks55 you buying or not any Puncak shares has nothing to do with me, nor do I care... But your comments sure felt like someone blaming a girl for being raped before learning if police has done anything to safeguard the place or police not/can't doing anything.

Posted by steveooikp > 2017-02-28 16:39 | Report Abuse

my price
WCT - 1.08
OSK - 1.53
Coastal - 1.53
Pantech - 0.475
Trop - 1.00

I have few other damn counters, paperloss a lot... I start to learn how to cut loss... like hng33.... actually hng33 is quite a good trader... when he loss up to say 10%, he cut loss.... and buy lower...

now no choice...

Posted by steveooikp > 2017-02-28 16:40 | Report Abuse

0.91 sen...
see!
another QR - also loss money... no point to buy.... unless you want to earn say 5 to 10 sen .....

Posted by steveooikp > 2017-02-28 17:02 | Report Abuse

ks55 -- later someone put his d*ck into your mouth, then you know.

Posted by kahhoeng > 2017-02-28 17:07 | Report Abuse

ks55, i commented after you mentioned someone buying over trust in balance sheet and should deservingly being fooled by the market... Unless those in the market for years and know whos' who, its not easy to distinguish the bad from the good. I am used to invest, in fact, with over 15 years of experience. Yet, I am caught in this counter. I have read a few annual reports beside quarter reports before deciding to buy and own. I have anticipated some level of hanky-panky in the corporate world, but not to the extent of what's presented in Puncak's balance sheet in the past 5 quarters.

I suggested a joint effort of minority shareholders, from first engaging SC, getting in touch with LTH the largest minority shareholder in hope for joint effort, to engaging SC in group after FAIRnREASONABLE's attempt to hire lawyer (something I doubt has much effect.) I can now only hope SC will act swiftly to address this issue. From what I learnt through SC last Friday, one thing is clear. If MORE minority shareholders file complaints, there's more urgency for SC to act. That's why I am asking for participation here and hopefully through MSWG after chatting with the rest attending the SC meeting last Friday, thanks to chee.

To this date, I still believe in spending time reading quarter reports and annual reports., while not doubting I need more digging to learn how to evaluate majority shareholders' character. If we can't rely on annual reports and quarter reports to learn the viability of an investment, what difference is this equity market from casino market or mafia operation? If SC and BURSA who are supposed to be the guardian of the market can't do a thing, its probably time that the equity market not far from casino market already.

Posted by rogers123 > 2017-02-28 17:33 | Report Abuse

Where are our hero hng n icon888? Did they join kahhoeng n approach sc?

Posted by voon1900 > 2017-03-01 05:30 | Report Abuse

lao qian gu...pity those buy since the 1ringit div...tis holland shit

Posted by steveooikp > 2017-03-01 09:34 | Report Abuse

roger123.... hng33 is headache on his RSawit, TDM, genting-wa and .....

Posted by steveooikp > 2017-03-01 09:34 | Report Abuse

once news is out, don't buy....
sure kena...

Posted by speakup > 2017-03-01 14:13 | Report Abuse

U guys still holding puncak? No cut loss? Should have cut loss long time ago lah.

Anyway, it is obvious by now that Puncak is not going to share it's cash pile with shareholders. That's why there was no privatisation last time when cash in bank was RM1 Billion. Why share it with shareholders when the owners can have it for themselves? The easiest way for owners to get the money for themselves is to buy over-inflated assets like the proposed Triplc deal and plantation land from Shin Yang.
How it works is like this: say a vendor wants to sell an asset for RM100 mil, Puncak will strike a deal "privately" with the vendor to buy the asset at RM200 mil! The vendor gets paid RM200mil and the deal is announced to Bursa as transacted at RM200mil. After the deal is completed, the vendor pay back the Puncak owners say RM80mil. Everybody is happy - the vendor gets to sell 20% higher, the Puncak owners get RM80mil buta money. Only the shareholders are SCREWED!
This is how they RAPE the company.

Posted by speakup > 2017-03-01 14:18 | Report Abuse

better cut loss now.
they already rape the company, dont let them rape u!

Posted by nekosan > 2017-03-01 14:18 | Report Abuse

Posted by steveooikp > Feb 28, 2017 04:39 PM | Report Abuse

my price
WCT - 1.08
OSK - 1.53
Coastal - 1.53
Pantech - 0.475
Trop - 1.00

I have few other damn counters, paperloss a lot... I start to learn how to cut loss... like hng33.... actually hng33 is quite a good trader... when he loss up to say 10%, he cut loss.... and buy lower...

now no choice...

-----------------------------------

i don't understand why people want to buy so many counters ...

oh ya don't put all eggs into 1 basket, but bear in mind, even you buy 10 counters, you are putting all eggs into 1 big basket call KLSE

when KLSE down, all your stock will down also ...

the best way for diversified is 50% in stock and 50% in proparty/mutual fund etc

so my advice is concentrate 1-2 counters enough

Posted by firehawk > 2017-03-01 14:20 | Report Abuse

Some ppl buy more, bcos they think now is even more worth ...