Posted by Investeye > 2017-05-17 15:36 | Report Abuse

Here is the justification: One of the top holding shres by CIMB Islamic Small Cap Fund reported on 3oth Apr 2017 : Taliworks Corp Bhd Malaysia 4.32%. Strong relationship with EPF and opportunities for future venture into acquisition of concession assets. Beneficiary of Selangor’s water restructuring, Taliworks will have a strong balance sheet after repayment of trade receivables of 470m by SPLASH. The involvement in water, highway concessions and waste-related businesses provide consustant of income....

Posted by 8u29song > 2017-05-17 16:34 | Report Abuse

8/150 = 5.3% better than FD.....

Posted by speakup > 2017-05-17 16:35 | Report Abuse

speakup sold taliworks last time 1.70+

Posted by magus > 2017-05-17 17:27 | Report Abuse

topped up holdings last fri at 1.50; now waiting for durian runtuh. in the meantime, sure got 2 sen dividend at least when qr results are announced later this May. Bravo.

Posted by Hua Joshuaayoung > 2017-05-17 22:06 | Report Abuse

ada MCA punya Ong Kah Teng... apa lagi takut..

Posted by Sebastian Sted Power > 2017-05-18 15:27 | Report Abuse

ada Ong KaTing, mean ada China

Very potential

Posted by Investeye > 2017-05-18 21:44 | Report Abuse

LTH bought another 0.5mil shares to total of 7.11% on 16th May. It is very rare for LTH to buy so frequent. So, after no result of SPLASH talk and postponed to Oct'17. LTH sold total of 3.6 mil shares from 15/3-24/3, and then start to accumulate back 6.0 mil+ share (until 16/5).
If the price go lower, will take opportunity to further accumate ...

Posted by magus > 2017-05-19 09:46 | Report Abuse

right investeye, if the price drops some more, I will buy more of this stock

Posted by 8u29song > 2017-05-19 10:09 | Report Abuse

maybe no dividend this QR.....

Posted by 8u29song > 2017-05-19 10:10 | Report Abuse

or only 1sen

Posted by boon1515 > 2017-05-22 00:06 | Report Abuse

8u29song, got any data or information to show? on the dividend on coming QR

Posted by Sebastian Sted Power > 2017-05-22 19:09 | Report Abuse

REV drop but BIG PROFITS!

2cents DIV declared!

Boleh tahan!!

Posted by Hua Joshuaayoung > 2017-05-22 23:01 | Report Abuse

result not so good lah..

Posted by Sebastian Sted Power > 2017-05-23 01:13 | Report Abuse

Despite a further delay from Management expectation of the Selangor water sector restructuring settlement by end April, Taliworks remains the best proxy to an eventual settlement of Selangor’s water restructuring. Post completion of the water sector restructuring, Taliworks is expecting to recover the trade receivables owed by SPLASH, most probably through a multi-year repayment scheme with interest accrued on any outstanding balance and a possible one-off special dividend after recouping the said trade receivables (amounting to c.RM471m which represents about 26% of Taliworks’ market capitalization).

Strong relationship with EPF. Taliworks has a strong relationship with EPF and is expected to continue partnering it for future venture into acquisition of concession assets. We opine that Taliworks will enjoy a lower cost of capital by partnering with EPF.

Ripe for a technical rebound? Although we may witness near term sideways consolidation as daily indicators are still trending sideways, downside risks are limited. Taliworks is an appealing investment (HLIB has a BUY rating with SOP target price of RM1.85) case given its concession businesses in different sectors which enjoys stable growth profile coupled with reduced vulnerability to idiosyncratic risk. Moreover, its attracti ve projected FY17-18 dividend yield of 5.4% and a deeply oversold weekly slow stochastic should provide a decent support to the share price.

Posted by coredarkness > 2017-06-05 14:12 | Report Abuse

Hi, Sifus out there. i heard non-revenue water is 39%. this loss of revenue is a loss to whom? Taliworks? or the federal government? or the state government?
How does the whole water agreement works? can anyone explain?

Posted by 8u29song > 2017-06-05 15:44 | Report Abuse

hey....what's brewing..............

Posted by boon1515 > 2017-06-06 17:14 | Report Abuse

a lot of volumn but price not moving. something brewing like 8u29song say

Posted by Sebastian Sted Power > 2017-06-09 09:20 | Report Abuse

the water business seem like a "package". Not that easy to explain. That water business is more "political" than economical

Posted by magus > 2017-06-09 10:54 | Report Abuse

buy this if at 1.50 and get 2 sen dividend per quarter. the counter is still cum div now. quite certain another 2 sen div come aug. when october approaches and the water talks for splash between the maj shareholders of splash, the federal gov and the selangor gov give more clarity, the counter should trend upwards. believe it or not.

Posted by Sebastian Sted Power > 2017-06-09 14:18 | Report Abuse

another factor why I enter this counter is because of ONG KA TING! His Godfather's CHINA is well support him

Posted by Investeye > 2017-06-20 11:29 | Report Abuse

Good opportunity to accumulate ..

Posted by magus > 2017-07-05 10:23 | Report Abuse

how come trading for this counter, everyone waiting for oct to come when there will be better info on the Splash issue? 2 sen dividend will be paid later this month. Tabung Haji also stopped buying. Tunggu durian runtuh atau apa?

Posted by Investeye > 2017-07-06 11:45 | Report Abuse

Still accumulating if the price drop further which I think down trend is limited. This stock pay reasonable dividend quarterly while waiting for settlement of SPLASH. It is occupied a significant portion of my portfolio...

Posted by magus > 2017-07-06 12:39 | Report Abuse

I hv 300k already and still queueing for another 300k at 1.46. As we approach Oct and a settlement of the Splash issue, this stock sure will trend strongly upwards. Question is does anyone wish to buy now when the price is low and then wait for 3 months. The smart move would be to buy now, get the dividends in the meantime and then look forward to a 30 sen gain over 3 months. After all, Tabung Haji has been buying a lot of this counter lately and is now a subst shareholder.

Posted by husky88 > 2017-07-08 18:51 | Report Abuse

Splash always delay, make people angry lo.

Posted by husky88 > 2017-07-08 18:58 | Report Abuse

Now puncak, gamuda, salcon , taliwrk and engtex all waiting for splash deal. Shit lol

Posted by magus > 2017-07-12 10:08 | Report Abuse

The splash delay is mainly because sellers and buyer cannot agree on a price; even tho' an independent valuer has been called in and in fact from news reported already given its valuation, the sellers and buyer are still haggling. Taliwork suffers coz work done and billings made not paid in full and have to provide for impairment for the receivables due from splash.Hopefully come Oct, things will be settled and taliwork can start getting its receivables back and the price can start rising to reflect its value.

Posted by husky88 > 2017-07-12 19:47 | Report Abuse

Until today didn't see them meeting about splash lol.

Posted by magus > 2017-07-12 19:49 | Report Abuse

I read somewhere that the meeting has been scheduled for 5th Oct 2017

Posted by boon1515 > 2017-07-14 19:09 | Report Abuse

U mean the meeting for splash fall on 5th oct?

Posted by keyin > 2017-07-20 09:35 | Report Abuse

Pkr is penipu

Posted by goodguess > 2017-07-20 15:41 | Report Abuse

At least some activity these 2 days. perhaps the start of something better.........

Posted by magus > 2017-07-20 17:33 | Report Abuse

if trading volume rises with price movements, then definitely something brewing. Oct 5th meeting is still on schedule and the S'gor govt buying of Splash cannot be delayed any longer, it is the last water concession still not owned by the S'gor govt. Moreover Tabung Haji has become the subst shareholder after the deferment of the takeover in April this year, and it is time for Tabung Haji to reap returns from the investment in Taliwrk.

Posted by husky88 > 2017-08-04 22:42 | Report Abuse

http://www.bernama.com/bernama/v8/ge/newsgeneral.php?id=1376218

Posted by husky88 > 2017-08-04 22:48 | Report Abuse

http://www.thesundaily.my/news/2017/07/24/state-govt-still-awaiting-response-regarding-acquisition-splash

Posted by Investeye > 2017-08-17 13:45 | Report Abuse

Take opportunity to buy few more lots at low...

Posted by Investeye > 2017-08-17 13:45 | Report Abuse

KUALA LUMPUR (Aug 17): Taliworks Corporation Bhd’s second quarter financial results were within analysts’ expectations, although the infrastructure player reported a lower net profit from a year earlier.

Yesterday, Taliworks said net profit slipped to RM6 million in the second quarter ended June 30, 2017 (2QFY17), from RM76.19 million in the previous year, while revenue grew 19% to RM91.28 million, from RM76.83 million in 2QFY16.

In separate research notes, CIMB Research and Hong Leong Investment Bank (HLIB) wrote that the second single-tier interim dividend per share (DPS) of 2 sen brings 1HFY17’s DPS to 4 sen, in line with their expectations.

CIMB analyst Sharizan Rosely said Taliworks’s annualised 1HFY17 core net profit excludes provisions for water receivables was 79% of their full-year forecast and 3% above consensus.

“We deem the results broadly in line, as we expect stronger construction and toll water earnings in the second half,” Sharizan said in the research note yesterday.

Shahrizan said the 1HFY17 revenue was boosted by a 44% increase in construction revenue and due to highway earnings continuing to be weighed down by the higher amortisation charges.

He also said Taliworks’s sounded more optimistic on the water deals in Selangor, with the extended October deadline for Air Selangor’s takeover of Syarikat Pengeluar Air Selangor (Splash) being around the corner.

“During the briefing, we sensed a greater optimism on this issue.

“A final push to this resolution in order for the restructuring of the water services industry in Selangor to come to a close, could be in store in our view,” Shahrizan said.

After a lull in the newsflow in 1HFY17, there is now a bigger possibility that newsflow on the water deals will regain momentum in 4QFY17, similar to the trends in the past.

Shahrizan retained CIMB’s “add” call on Taliworks shares, supported by a sustainable 5.4% yield and maintained the target price (TP) at RM1.73.

“We maintain our earnings per share forecasts and our FD RNAV-based target price, which remains pegged to a 10% RNAV discount.

“Medium-term catalysts include a resolution to the water deal, while the downside risk is further delays in the recovery of receivables,” he said.

Meanwhile, HLIB analyst Yip Kah Ming maintained HLIB’s “buy” rating on Taliworks’s shares, with higher TP of RM1.77, from RM1.76 previously.

Yip said Taliworks reported 1HFY17 gross revenue of RM162.6 million, an increase of 7% year-on-year (y-o-y), which translates into core net profit of RM41.4 million, an increased of 8% y-o-y, accounting for 53.9% and 48% of HLIB and consensus financial year forecasts, respectively.

“Deemed within expectation as the contribution from construction segment is expected to normalise in subsequent quarters,” Shahrizan added.

The settlement of Selangor water sector restructuring has never been closer.

“We believe this will be the key rerating catalyst. Besides, there is also a potential upside from the issuance of a special dividend, should the deal push through,” he said.

At 11.05am, Taliworks fell three sen or 2.04% to RM1.44, with 162,500 shares traded, for a market capitalisation of RM1.75 billion.

Posted by goodguess > 2017-08-17 17:15 | Report Abuse

Looks like Taliworks just signal some hints of splash deal done.Still maintain 2 sen dividend means they expect money to come in shortly.

Posted by boon1515 > 2017-08-17 17:16 | Report Abuse

warrant + 0.105, not sure wat happen

Posted by magus > 2017-08-17 18:13 | Report Abuse

don't worry guys, the analysts who have attended the briefings are still having a buy call with TP between 1.73 and 1.77. Once the water deal is complete and a clear picture emerges about the scheme of repayment, the price will rise. Just sit tight and wait for the durians to drop. Entering Sep 17, sunny days will be here again.

Posted by Sebastian Sted Power > 2017-08-18 15:30 | Report Abuse

no matter how splash deal will be settle because want ERECTION liao

Posted by keyin > 2017-08-18 16:03 | Report Abuse

Crashed

Posted by boon1515 > 2017-08-18 19:43 | Report Abuse

SPLASH deal will affect by election ke

Posted by husky88 > 2017-08-19 11:02 | Report Abuse

Wait and wait again, no more confident with splash deal.

Posted by Unfair > 2017-08-19 11:24 | Report Abuse

If people still use Cheras-Kajang highway meaning MRT 1 SBK is white elephant?

Posted by husky88 > 2017-08-19 14:06 | Report Abuse

Splash deal is a white elephant?

Posted by Investeye > 2017-08-23 15:03 | Report Abuse

Good to buy few lots again at low..

Posted by magus > 2017-08-23 15:54 | Report Abuse

husky88, the splash deal meet-up is scheduled for 5th Oct 2017, just be patient. Tabung haji, a >7% substantial shareholder just added more yesterday and probably today too. They are so confident even though the price is dropping, so they probably know that a solution is in sight and that the durians will be falling soon. Chill.

Posted by husky88 > 2017-08-23 19:38 | Report Abuse

https://www.utusan.com.my/berita/politik/segera-selesai-isu-splash-8211-irmohizam-1.517963

Posted by husky88 > 2017-08-26 13:05 | Report Abuse

I think splash will be delay until pakatan harapan loss in election.