Posted by kakashit > 2016-07-10 14:26 | Report Abuse

After Brexit, the prop money will be flowed into Australia?

Posted by stteck > 2016-07-13 09:14 | Report Abuse

Water disruption is so many states, any catalyst to water stocks?

Posted by Rica7894 > 2016-07-21 08:40 | Report Abuse

-Management guided that 1Q16 could be the bottom and earnings is set to turnaround in 2Q16 in anticipation of a robust profit in 2Q16 results on the back of progress billings and an estimated ~RM40m net gain from the divestment of China water assets coupled with the impact from potential forex gains due to the recent weakening of the RM.

-Further downfall cushioned by expanded warchest coupled with attractive dividend yield.
a)To recap, the completion of the disposal will see Salcon’s netcash to soar to ~RM200m from RM162m end Mar 16,translating into netcash/share of RM 0.295, equivalent 48% of the current share price.
b)supported by attractive dividend yield of 5% (industry 4.2%).

Posted by klmanutd > 2016-07-21 10:07 | Report Abuse

http://klse.i3investor.com/servlets/staticfile/285940.jsp

Posted by novice77 > 2016-07-26 22:20 | Report Abuse

Good progress

Posted by klmanutd > 2016-07-28 10:22 | Report Abuse

To management: Pls dont stop share buy back.....

Posted by stteck > 2016-07-28 18:03 | Report Abuse

the Company hears you, KLmanutd...LOL and today buy back seems to be the biggest block so far.

Date of buy back 28 Jul 2016
Description of shares purchased Ordinary Shares of RM0.50 each
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 2,986,100
Minimum price paid for each share purchased ($$) 0.635
Maximum price paid for each share purchased ($$) 0.640
Total consideration paid ($$) 1,905,066.00

Posted by novice77 > 2016-07-28 18:47 | Report Abuse

Good. I bought Salcon at 0.84. I am still holding and hopefully they will show care for their investors.

Posted by klmanutd > 2016-07-28 19:53 | Report Abuse

once they stop purchase back, surely price will drop back... anyway, good job for now management

Posted by jenabchen123 > 2016-08-05 13:36 | Report Abuse

"Together with an expected DY of 5.6%, we expect a superb total return of 40%!"
I loike this very much!!!

Posted by nicholai1983 > 2016-08-06 07:34 | Report Abuse

me in his subsidiary

Posted by nicholai1983 > 2016-08-06 07:42 | Report Abuse

no such news. now legal case

Posted by nicholai1983 > 2016-08-06 07:42 | Report Abuse

no legal case

Posted by nicholai1983 > 2016-08-06 07:56 | Report Abuse

and we just get new project. 10 pumping station in langat

Posted by stteck > 2016-08-10 10:12 | Report Abuse

Nicholai, any involvement in Labohan Dagang and Jenderam Hilir by salcon?

Posted by novice77 > 2016-08-14 20:57 | Report Abuse

Luqman, we get it. Thanks for the effort.

Posted by janggut > 2016-08-18 16:34 | Report Abuse

One day up one day down..no point

Posted by sheep > 2016-08-23 08:43 | Report Abuse

Salcon Bhd has secured a RM66.78 million subcontract for the Langat Centralised Sewage Treatment Plant project from MMC Engineering Services Sdn Bhd, a subsidiary of MMC Corp Bhd.

The piping specialist told the local bourse that the contract awarded to its wholly-owned unit, Salcon Engineering Bhd, comprises the conversion of 10 sewage treatment plants into network pumping stations.

"This forms an integral part of the total component of works for the design and build of the 920,000 population equivalent (PE) Langat Centralised Sewage Treatment Plant project, currently undertaken by the MMC group," said Salcon in a statement.

Salcon expects the project to be completed in 24 months from the date of site possession.

It expects the project to contribute positively towards earnings for financial year ending Dec 31, 2016 (FY16) to FY18.

The latest win brings the total value of contracts won by Salcon in 2016, up to RM300 million. The group has tendered for RM2.2 billion worth of water and wastewater projects, both locally and overseas.

Posted by nicholai1983 > 2016-08-23 10:53 | Report Abuse

Please ignore Luqman Michel. this guy keep annoying here with some motive

Posted by janggut > 2016-08-23 12:52 | Report Abuse

Luqman...u r to negetive about salcon..put aside ur problem with salcon..

Posted by nicholai1983 > 2016-08-23 13:57 | Report Abuse

janggut, u see, very company also have some legal issue, seldom people to enlarge it with a blog like Lugman. i think he had some motive behind this. but salcon is not an easy let go company. i think they will take action against luqman soon

Posted by nicholai1983 > 2016-08-23 13:57 | Report Abuse

i means every company

Posted by nicholai1983 > 2016-08-23 13:58 | Report Abuse

luqman. why don't u asking mmc question, zelan question or others construction company and only choose salcon?

Posted by nicholai1983 > 2016-08-23 14:00 | Report Abuse

this company is profitable. can not say so much here. we have a rules

Posted by tham hoe yean > 2016-08-23 16:03 | Report Abuse

I agreed. Who would have no legal issue when business expanding to such a scale like Salcon. Even as big as the top 30 also having legal cases. So no point to pour in negative influences.

Posted by sheep > 2016-08-26 11:58 | Report Abuse

with the last china company disposal, how come salcon didn't give special dividend. aiyah...

Posted by chinaman > 2016-08-28 12:44 | Report Abuse

Myr233 Million cash buffer&, Myr196Million total liability...very solid balance sheet- i can't find any other public listed. company who can beat this record. furthermore, look forward for more water related projects going forward. many water treatment plants to be in tender in Malaysia alone.

Posted by janggut > 2016-09-02 16:16 | Report Abuse

Bila nak fly nie...xsabar nak tunggu..

Posted by nicholai1983 > 2016-09-09 09:34 | Report Abuse

i think this luqman definitely have their own motive...

Posted by stteck > 2016-09-29 13:07 | Report Abuse

All the water contracts and the newly qtr result can't excite this stock, sigh!

Posted by mamatede > 2016-10-04 23:31 | Report Abuse

chinaman you sure you cant find any company to beat its cash buffer and etc record????

Posted by stteck > 2016-10-06 00:42 | Report Abuse

Would recent news of water woes in few states create market sentiment to water stocks?

Posted by 1009 > 2016-10-06 20:14 | Report Abuse

More time have buy below 0.58 and sell over 0.64, pls... one more times can fly over 0.70 ler.. pls...

Posted by investor8888 > 2016-10-07 08:15 | Report Abuse

buy if price below 0.58.

Posted by stteck > 2016-10-08 13:54 | Report Abuse

Luqman, guess now you already have clues whereabout the profit.

Posted by Jinny > 2016-10-12 06:44 | Report Abuse

This useless salcon when I sold at 0.59 cent it suddenly go up to 60cent . I think today I can cover back this share at 0.57 cent or lower . Dji drop 200point .

Posted by Dammy Garage > 2016-10-13 08:38 | Report Abuse

SALCON slowly up to 0625

Posted by Dammy Garage > 2016-10-13 08:39 | Report Abuse

very good in TA and FA

Posted by Ding Dingsheng > 2016-10-16 22:22 | Report Abuse

coming up soon

Posted by stteck > 2016-10-17 13:41 | Report Abuse

can go in now?

Posted by Dammy Garage > 2016-10-18 11:42 | Report Abuse

can collect because still low

Posted by Dammy Garage > 2016-10-18 11:43 | Report Abuse

CL if close below 0.575

Posted by asriruslan > 2016-10-19 15:03 | Report Abuse

start monitoring salcon

Posted by investor8888 > 2016-10-19 16:04 | Report Abuse

me too...

Posted by investor8888 > 2016-10-19 16:05 | Report Abuse

hope can buy when the price is 0.575

Posted by csme > 2016-10-24 12:09 | Report Abuse

last done 0.575

Posted by Arvin6 > 2016-10-24 12:10 | Report Abuse

Haha lucky sell all salcon at 0.605 .. now waiting it back to 0.57 then can buy another round . Investor8888 is 0 575 now

Posted by investor8888 > 2016-10-24 13:06 | Report Abuse

yes. alr Q wait who want sell the tiket to me...

Posted by investor8888 > 2016-10-24 13:07 | Report Abuse

last time bought 0.575 sold all at price 0.63 2 cent dividend.

Posted by investor8888 > 2016-10-24 13:09 | Report Abuse

hope can buy today.