SALCON BHD

KLSE (MYR): SALCON (8567)

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Last Price

0.275

Today's Change

0.00 (0.00%)

Day's Change

0.275 - 0.29

Trading Volume

1,840,300


9 people like this.

7,609 comment(s). Last comment by Mimolupi 1 day ago

Posted by Max Kong > 2017-09-07 21:21 | Report Abuse

sold all....... lost confidence for the deal with Ecoworld in Australia, better put money on the company that always make profit and have a reputable management team, despite continuing drop until 10 cents also won't follow.

Posted by Ah Kow, Ali dan Muthu > 2017-09-09 15:29 | Report Abuse

Why sold? it's just at the bottom now.
Up up on the way..

Stock Kingdom

1,005 posts

Posted by Stock Kingdom > 2017-09-09 15:34 | Report Abuse

Ali, Ah Kow & Muthu...... :)

husky88

698 posts

Posted by husky88 > 2017-09-13 19:56 | Report Abuse

Ah kow, ah tu, kps, taliworks, jaks, triplc all running,except salcon. Why?

king36

1,022 posts

Posted by king36 > 2017-09-13 20:03 | Report Abuse

This counter has always been ICBC....

How to inject life into it????

husky88

698 posts

Posted by husky88 > 2017-09-13 20:41 | Report Abuse

Icbc, better c lol

Posted by tkchin1966 > 2017-09-14 10:32 | Report Abuse

lailiao

Posted by Ah Kow, Ali dan Muthu > 2017-09-14 11:12 | Report Abuse

It's already come up more than 10% in 1 week. Cheers.

keyin

2,150 posts

Posted by keyin > 2017-09-14 11:29 | Report Abuse

I guess is splash effect

Redz

44 posts

Posted by Redz > 2017-09-14 11:57 | Report Abuse

Rebound!

keyin

2,150 posts

Posted by keyin > 2017-09-14 12:05 | Report Abuse

Move too slow, see kps.

husky88

698 posts

Posted by husky88 > 2017-09-14 20:01 | Report Abuse

Not so strong, may drop

husky88

698 posts

Posted by husky88 > 2017-09-17 12:35 | Report Abuse

Where my friend stteck? So silent?

stteck

756 posts

Posted by stteck > 2017-09-17 20:25 | Report Abuse

Nowadays busy with project

husky88

698 posts

Posted by husky88 > 2017-09-18 14:56 | Report Abuse

Got movement

stteck

756 posts

Posted by stteck > 2017-09-18 17:33 | Report Abuse

Congratulations Salcon. new contract secured.

stteck

756 posts

Posted by stteck > 2017-09-18 17:41 | Report Abuse

Husky are u referring to this news
http://www.theedgemarkets.com/article/no-word-selangor-splash

husky88

698 posts

Posted by husky88 > 2017-09-18 17:43 | Report Abuse

Good news. Profitable year on the way

husky88

698 posts

Posted by husky88 > 2017-09-18 17:44 | Report Abuse

Stteck , no. Latest update wait for news

Redz

44 posts

Posted by Redz > 2017-09-18 18:28 | Report Abuse

Salcon get a new contract !

Posted by tham hoe yean > 2017-09-19 11:43 | Report Abuse

Contract Sum only RM13,270,708.00, if 10% profit that means only 1,320,000. A million really a small drop of water.

husky88

698 posts

Posted by husky88 > 2017-09-25 16:56 | Report Abuse

Sell down again.

novice88

28 posts

Posted by novice88 > 2017-09-25 17:52 | Report Abuse

Disappointed...

Redz

44 posts

Posted by Redz > 2017-09-25 18:25 | Report Abuse

I take some profit run ady,sad

stteck

756 posts

Posted by stteck > 2017-09-27 10:03 | Report Abuse

read this week's Focus M - page 8 for news on water deadlock in Selangor

stteck

756 posts

Posted by stteck > 2017-09-27 10:11 | Report Abuse

and page 18-19 talking news on future water prospect, although is for Puncak Niaga and Engtex, could Salcon benefit from the Kelantan project and nationwide piping projects?

keyin

2,150 posts

Posted by keyin > 2017-09-27 10:38 | Report Abuse

Stteck, can share the link?

stteck

756 posts

Posted by stteck > 2017-09-27 10:39 | Report Abuse

I bought the paper this morning. I am not sure whether it is free online? can try search Focus Malaysia

keyin

2,150 posts

Posted by keyin > 2017-09-27 19:45 | Report Abuse

There seems to be no end in sight to the water deadlock in Selangor.

Negotiations have been going on for more than eight years between the Selangor government, the federal government and Syarikat Pengeluar Air Selangor Sdn Bhd (Splash).

Several near-solutions have come and gone and deadlines have been extended, but a solution seems nowhere in sight.

The Oct 5 deadline is approaching and the Energy, Green Technology & Water Ministry has insisted that Selangor make an offer to Splash and agree on a price tag. The federal government (through Pengurusan Aset Air Bhd or PAAB), has offered to split the bill 60:40 with Selangor.

But can’t the federal government step up, make an offer, pay the amount, and claim the 40% from Selangor later?

Or if the Oct 5 deadline lapses, should the federal government finally invoke the Water Services Industry Act 2006 (Wasia) option of a forced takeover? The Act allows the federal government to take over a concessionaire’s licence if it is of national interest.

But the federal government seems reluctant to invoke Wasia as the acquisition of Splash by the state government has not been completed. Splash is currently valued at some RM2.8-3.2 bil, although the actual figure is debatable.

Splash’s shareholders are Gamuda Bhd (40%), Sweet Water SPV Sdn Bhd (30%) which is the private vehicle of Tan Sri Wan Azmi Wan Hamzah, and Selangor’s Kumpulan Perangsang Selangor Bhd’s Viable Chip Sdn Bhd (30%).

The state’s Menteri Besar Inc has a golden share in Splash, which makes money from the water concession.

The federal government cannot afford a total breakdown in negotiations. PAAB, which is tasked with managing the country’s water assets, has a RM6.1 bil debt (as of end-FY15) taken out to fund the purchase, and it will have to depend on the finance ministry to fulfil its repayment obligations if the deal does not happen. PAAB’s ability to continue as a going concern will, to an extent, depend on whether it gets the stake in Splash.

While all this is going on, Selangor residents are the ones who suffer from water shortage due to no fault of theirs. Both the federal and state governments should stop holding the 1.6 million Selangor residents hostage and resolve the deadlock as soon as possible.

stteck

756 posts

Posted by stteck > 2017-10-04 19:00 | Report Abuse

splash deal extended again

husky88

698 posts

Posted by husky88 > 2017-10-04 20:52 | Report Abuse

Extend another 2 weeks , right?

stteck

756 posts

Posted by stteck > 2017-10-04 21:18 | Report Abuse

I don't think he outcome will be any difference from now

Posted by tham hoe yean > 2017-10-13 12:02 | Report Abuse

zzzzz...

ansontan

17 posts

Posted by ansontan > 2017-10-15 12:34 | Report Abuse

wait drop then collect

ansontan

17 posts

Posted by ansontan > 2017-10-18 11:26 | Report Abuse

too high le

Posted by Jolin Lai Chi Pet > 2017-10-20 12:15 | Report Abuse

buy now!!!!!!!!! will hit 70cents b4 GE

ansontan

17 posts

Posted by ansontan > 2017-10-20 19:45 | Report Abuse

wo

Posted by FullTimeTrader > 2017-10-21 02:43 | Report Abuse

The charting of MA is forming a gorgeous now.

husky88

698 posts

Posted by husky88 > 2017-10-22 19:02 | Report Abuse

Good news for alitrip.
http://www.orientaldaily.com.my/s/217308

chinaman

3,302 posts

Posted by chinaman > 2017-10-24 09:24 | Report Abuse

I stuck at myr0.85 till now on sleeping water dragon, zzzzzzz

OngLai88

1,234 posts

Posted by OngLai88 > 2017-10-24 14:25 | Report Abuse

Now the time to buy salcon.

sherlock

306 posts

Posted by sherlock > 2017-10-24 16:18 | Report Abuse

this counter cannot contra one,but current price worth a buy,next month result should be very good.

Posted by Jolin Lai Chi Pet > 2017-10-25 07:12 | Report Abuse

Salcon is a SURE WIN stock...................hold tight tight

Posted by Bloodsucker > 2017-10-25 08:07 | Report Abuse

Jolin....Y r u so sure about this..

keyin

2,150 posts

Posted by keyin > 2017-10-25 08:47 | Report Abuse

Jolin win Liao

OngLai88

1,234 posts

Posted by OngLai88 > 2017-10-25 09:28 | Report Abuse

Look forward to the QR coming out next month....

Despite the negative results for the first half of the year, the Group expects to recover its position with the completion of the Selayang res280 property project and write back of the expenses relating to the Australia Yarra One project upon completion of the sale. Both are expected to be completed and finalized during the second half of this year.

The Group also expects some good news from its water division through the replenishment of its order books in non-revenue water whilst its e-commerce business (online to offline business) will be kept busy towards the China Golden Week during October 1st week with the expected increase of China tourist to Malaysia.

Posted by Bloodsucker > 2017-10-25 12:43 | Report Abuse

Great....

Booyeah

365 posts

Posted by Booyeah > 2017-10-27 12:21 | Report Abuse

salcon can be a good buy now at current almost historical price low. management has been giving out dividend as well as cutting their debts. currently is a net cash company. don't mind holding Abit in my portfolio.

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