Water runs in the spring with the snow melt from winter and our Rooster drinks deeply (travel and circuses flourish). Summer is parched, hard boiled, pope’s nose and something to brood over (petrol stations and bars run dry). Come the cold, and the water rises to its natural place, winter rain and you’re as cocksure as you can be (hydro runs hot, as does sea trade).
KUALA LUMPUR (March 30): CIMB IB Research has maintained its “Add” rating on Salcon Bhd at 66 sen with a higher target price of 82 sen (from 68 sen) and said it was more positive on Salcon’s infra outlook for 2017 after updates from management.
In a note today, the research house said it continues to like Salcon as it is the sole water infra play under our coverage.
“Salcon could strike a “big one” post water consolidation in Selangor. Langat 2 WTP phase 2 tenders likely to be held in 2H17F, with Salcon as a frontrunner in our view.
“Target tender success rate of 20-30% could increase order book by 40-70% by end-2017.
“Cash-enhancing land sales and job wins are potential catalysts. Our target price is raised to 82 sen as we lower RNAV discount from 40% to 30%,” it said.
The Selangor state government has rejected the proposal by the federal government for a 60:40 takeover of equities in Syarikat Pengeluar Air Selangor Holdings Bhd (Splash).
Menteri Besar Mohamed Azmin Ali said the proposal was premature as the state government had yet to receive feedback from the cabinet concerning the views of independent valuers concerning the takeover.
"The state government received a letter from the federal government dated March 6, 2017, asking for our stand on the payment mode for the takeover of Splash, which is 60 percent by the federal government through Pengurusan Aset Air Berhad (PAAB) and 40 percent by the state government.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Peter2357
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Posted by Peter2357 > 2017-03-23 22:00 | Report Abuse
yes Alilbaba...today bursa is all about Ali baba