1. Traded above last week. ^^
2. SUNREIT - Sold at 1.40 & 1.41 respectively. Closed at 1.45. Did not expect to run so fast. Miss out more profit. :(
3. PAVREIT - Bought more at 1.37 and 1.38 respectively. ^^ Quite heavily invested on this, hope to reap handsome profit. ^^
4. YTLPOWR - Scalp on this guy. ^^ Not bad, keep up the fluctuation in price then i can churn out more scalping trades from this. ^^
5. Good Luck.
14 comments:
1.The Proposed Take Over of PNSB and SYABAS by KDEB to be at a cash consideration of net cash payable to Puncak of RM1,555.3 million.
2. The Proposed Take Over of PNSB and SYABAS by KDEB shall include the takeover of all assets and corresponding liabilities of PNSB in relation to its Concession businesses only.
3. The non-Concession related assets, liabilities and businesses of PNSB shall be returned to Puncak by KDEB at no cost.
4. Subject to due diligence inquiry being satisfactory to KDEB, Puncak and Pengurusan Aset Air Berhad (“PAAB”).
At the Special Meeting of the Board of Directors of the Company held earlier today, the Board of Directors of the Company had taken note of the latest developments in relation to the Proposed Take Over of PNSB and SYABAS by KDEB and at the said Special Meeting of the Board of Directors of the Company, YBhg Tan Sri Rozali Ismail, the Executive Chairman of the Company and major shareholder of the Company holding 41.32% direct and indirect equity interest in Puncak and being eligible to vote in the EGM of the Company on the Proposed Take Over of PNSB and SYABAS by KDEB had also informed the Board of Directors of Puncak that he intends to exercise his right as a shareholder of the Company to vote in favour of the said matter at the EGM of Puncak to be convened in due course.
10/06/2014 17:57
Puncak in its Annual report report about RM 250m worth of properties assets and vacant landbank based on net book value. Therefore, under latest offer by KDEB, all these assets will be returned to Puncak by KDEB at no cost.
Based on sum of part analysis and on fully diluted basis, Puncak sum of part value should be at range RM 4.50-5.50, depending on valuation peg on its oil and gas (10x-15x)
Puncak wholly own subsidary, GOM also enter into agreement with Petronas today for Package B contract, believe to worth RM 1.8 billion
We refer to the Company’s earlier announcements dated 13 December 2013 and 16 January 2014 on the award of the Package B (Pipe laying) of Transportation and Installation Of Offshore Facilities For Year 2014 – 2016 Contract (“T&I Package B Contract”) to its wholly-owned sub-subsidiary, GOM Resources Sdn Bhd (“GOM Resources”).
Puncak Niaga Holdings Berhad wishes to update the Exchange that GOM Resources had on 20 May 2014 signed the T&I Package B Contract with PETRONAS Carigali Sdn Bhd.
The deal is almost 100% seal as Puncak major shareholder, Rozali, control 41% stake, already state that he intends to exercise his right as a shareholder of the Company to vote in favour of the said matter at the EGM of Puncak to be convened in due course.
I wish to highlight here, the latest proposed takeover is to include the takeover offer of all assets and liabilities of PNSB in relation its concession business instead of previous offer assets to be assumed, which essential mean Puncak overall take over price is far more than KDEB total offer at RM 5.59b, additional top up RM 560m to RM 6.15b, mainly require KDEB/PAAB to resume whatever balance liabilities relate to Puncak water debt (the debt could be getting higher now as syabas only manage to pay 50% water fees to water treatment player). In short what Puncak wan is net cash RM 1.55b, a distributable net cash, net off any water debt either from syabas or PNSB
I wonder why all the research analyst did not take into account Puncak exsting cash balance in their sum of part analysis !!?? Based on latest q result, Puncak have cash RM 500.7m (net of pledge deposit) and short term investment RM50.4m, translating into another cash RM 1.00/share on fully diluted basis.
In addition, analyst also failed take into account Puncak properties and vacant landbank which will be return to Puncak at no cost, its worth another RM 250m based on its net book in annual report, translating into another RM 0.50/share on fully diluted basis.
hng,
Congratz on your PUNCAK & KPS. ^^
In counting net cash per share for Puncak, i already incorporate assumption that all warrant holder opt for conversion at RM 1.00 + all convertible sukuk holder opt to exercise right to convert into share. Therefore, Puncak cash is on fully diluted value.
Puncak total cash:
The cash proceed from water assets divestment for RM 1.55 bilion + Puncak exiting cash balance RM 500m + short term investment RM 50m + cash from warrant conversion RM 41m = RM 2.14 billion
divided by total exiting share (share volume 411m) + total warrant conversion to share volume (share volume = 41m) + unlisted convertible sukuk (82.5m) = Total fully diluted Puncak share volume 535m.
Total net cash per share on fully diluted share volume is RM 2141m/535m = RM 4.00/share
Just for laugh............
售后一大堆现金，
市场先生有眼睛。
股价可能发神经，
赶紧买了才安心！
溢價售資產或特別派息 商業高峰攜子晉上升股榜
（吉隆坡11日訊）商業高峰（PUNCAK，6807，主要板基建）原則上同意以近16億令吉脫售旗下雪州水務資產及債務，分析師看好大筆進賬可助擴油氣業，未來亦有望特別派息，加上售價比市值高出22%，股項有大幅升值空間，利好推動今日母股與憑單同時揚進早盤十大上升股之列。
目前，商業高峰旗下共有2項水務資產，獻售價相等于每股2.91令吉，該股今早開市時已揚10仙至3.22令吉，休市時漲幅擴至15仙，掛3.27令吉，成交量556萬600股。
商業高峰-WB（PUNCAK-WB，6807WB，主要板基建）則獲帶動，開市漲9仙至2.27令吉，早盤與母股同步漲進今日十大上升股之列，休市時起12仙，掛2.30令吉。
截至下午4半，商業高峰起21仙至3.33令吉，成交量934萬5000股，商業高峰-WB則起19仙至2.37令吉，成交量150萬300股。
聯昌證券研究分析師沙里詹在報告中指出，16億令吉的價碼雖較總值13億令吉的市值溢價22%，不過仍屬遭低估，且尚未納入該公司旗下油氣資產，決定將評級上修至買進，升值空間約37%。
另一券商興業證券研究亦上修投資評級至短期買進，合理價提高至4.01令吉。
豐隆投資研究分析師則在報告中指出，商業高峰2012年開始即設立探勘部門尋找發展邊際或褐地油田的機會，隨著此次大筆進賬，不排除部分將用做發展油氣業務用途。
“我們亦相信，一旦計劃完成，該公司有可能宣布特別派息。”
雪州柏朗商聞風高漲
雪州整合水務資產計劃終稍見曙光，另一水務公司雪州柏朗商（KPS，5843，主要板貿易）亦獲投資者追捧，技術分析圖顯示走勢已突破下行趨線，強烈購興將支撐股價升勢，早盤勁漲亦成為漲幅最高股項之一。
今早開市時，雪州柏朗商僅微揚1仙至1.63令吉，不過在商業高峰節節高升后，該股不遑多讓，漲幅逐漸擴大，休市時漲13仙至1.75令吉，半日662萬9600股易手；午盤該股持續走高，截至下午4時半，該股起15仙，掛1.77令吉，成交量914萬5200股。
肯納格證券研究技術分析師在報告中指出，雪州柏朗商日前在交投熾熱下勁揚5.2%，從圖表來看已穿破下行趨線，顯示長期跌勢或告一段落，加上平滑異同移動均線指標（MACD）及強弱指數（RSI）皆處正面，顯示購興正在恢復中。
“倘若購興持續，該股股價可繼續上挑阻力水平，突破1.66令吉后將邁向1.82令吉，止損點則落在1.50令吉。”
溢價售資產或特別派息 商業高峰攜子晉上升股榜
（吉隆坡11日訊）商業高峰（PUNCAK，6807，主要板基建）原則上同意以近16億令吉脫售旗下雪州水務資產及債務，分析師看好大筆進賬可助擴油氣業，未來亦有望特別派息，加上售價比市值高出22%，股項有大幅升值空間，利好推動今日母股與憑單同時揚進早盤十大上升股之列。
目前，商業高峰旗下共有2項水務資產，獻售價相等于每股2.91令吉，該股今早開市時已揚10仙至3.22令吉，休市時漲幅擴至15仙，掛3.27令吉，成交量556萬600股。
商業高峰-WB（PUNCAK-WB，6807WB，主要板基建）則獲帶動，開市漲9仙至2.27令吉，早盤與母股同步漲進今日十大上升股之列，休市時起12仙，掛2.30令吉。
截至下午4半，商業高峰起21仙至3.33令吉，成交量934萬5000股，商業高峰-WB則起19仙至2.37令吉，成交量150萬300股。
聯昌證券研究分析師沙里詹在報告中指出，16億令吉的價碼雖較總值13億令吉的市值溢價22%，不過仍屬遭低估，且尚未納入該公司旗下油氣資產，決定將評級上修至買進，升值空間約37%。
另一券商興業證券研究亦上修投資評級至短期買進，合理價提高至4.01令吉。
豐隆投資研究分析師則在報告中指出，商業高峰2012年開始即設立探勘部門尋找發展邊際或褐地油田的機會，隨著此次大筆進賬，不排除部分將用做發展油氣業務用途。
“我們亦相信，一旦計劃完成，該公司有可能宣布特別派息。”
雪州柏朗商聞風高漲
雪州整合水務資產計劃終稍見曙光，另一水務公司雪州柏朗商（KPS，5843，主要板貿易）亦獲投資者追捧，技術分析圖顯示走勢已突破下行趨線，強烈購興將支撐股價升勢，早盤勁漲亦成為漲幅最高股項之一。
今早開市時，雪州柏朗商僅微揚1仙至1.63令吉，不過在商業高峰節節高升后，該股不遑多讓，漲幅逐漸擴大，休市時漲13仙至1.75令吉，半日662萬9600股易手；午盤該股持續走高，截至下午4時半，該股起15仙，掛1.77令吉，成交量914萬5200股。
肯納格證券研究技術分析師在報告中指出，雪州柏朗商日前在交投熾熱下勁揚5.2%，從圖表來看已穿破下行趨線，顯示長期跌勢或告一段落，加上平滑異同移動均線指標（MACD）及強弱指數（RSI）皆處正面，顯示購興正在恢復中。
“倘若購興持續，該股股價可繼續上挑阻力水平，突破1.66令吉后將邁向1.82令吉，止損點則落在1.50令吉。”
Follow Hng on KPS and now rewarded with good profit. Hope next counter is YTLPower
Congratz Teng. ^^
I think so far only the Hong Leong investment research team has manage to highlight there is exiting cash balance in Puncak and take into account in its sum of part analysis. However, the analyst only indicate there is RM 276 cash on top of net cash cash proceed from water divestment RM 1.55bilion, which in reality should be RM 500m (net of pledge) based on latest quarter report + short term investment RM 50m. In addition, still yet no one has highlight Puncak properties and vacant land value in their sum of part analysis, which worth another RM 250m. Thus, Puncak sum part value based on HL research should increase by another RM 1.00/share, give rise to total sum of part value at RM 5.87 on fully diluted and peg oil and gas at average PE 12x
http://www.theedgemalaysia.com/business-news/294056-puncaks-free-oag-business.html
Just for laugh............
指数一片红，
商峰还是青，
因为有现金。
指数若转青，
股价必飚升！
买了请放心。
Hng,
Thanks for your comprehensive analysis for the Puncak. 😊
商業高峰 獲5340萬政府合約
吉隆坡12日訊）商業高峰（PUNCAK，6807，主要板基建）獲政府頒發總值5340萬令吉合約，負責砂拉越鄉區水供計劃（BALB）第2期工程，為期21個月，2015年9月竣工。
該公司今日向馬證交所報備，已與鄉村及區域發展部簽署協議，以在21個月內于砂拉越完成建設3個蓄水池、增壓泵（booster station）、供應及安裝機械與電力設備等。
“上述工程竣工日期落在2015年9月2日。”
商業高峰指出，這項合約可從今年12月31日截止的財年，開始貢獻盈利與每股淨資產。
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