ocbcPuncak Niaga to Sell Three Plots of Land in Ijok at a Loss for RM306 Mil Cash
07/09/2023 11:26 AM
AlwinbOriginal cost of investment for the 3 pieces of land way back in 2007 was around 90 mil. The lost reported is against 2022 valuation as these properties are under Investment Properties and are thus revalued yearly
10/09/2023 12:17 PM
speakupAfter they sold their water biz, all the proceeds received siphoned out by TS Rozali
10/09/2023 12:34 PM
AlwinbNot a fan of Puncak but to say all funds were siphoned out is an overstatenent
10/09/2023 12:39 PM
AlwinbPuncak concession business yield more than 1cts per share per quarter
10/09/2023 12:40 PM
AlwinbLoss mainly comes from plantation given huge track of land is still unplanted but the 47k hectare land (90% owned by Puncak) was purchased at 470mil which is a good buy
10/09/2023 12:43 PM
AlwinbIt will continue to bleed Puncak for years to come unless it monetised the planted asset, which is worth a lot more
q1029384756=MARKET BUZZ: Malaysia's Puncak Niaga Surges 16%, Closes In On Two-Year High
KUALA LUMPUR (Sep 25) -- Malaysia's Puncak Niaga Holdings surges as much as 16% to MYR0.43, its highest since October 2021, adding to Friday's 8.8% gain. Traders are "very bullish" judging from technical indicators and surge in trading volume, says technical analyst with local brokerage. Notes, Puncak's "gap up" took out out two resistance levels and has since breached more resistance levels with all major moving averages now "turning into support levels." Says, "you should watch for MYR0.435, which is not very far away from where we are right now... if that's breached, then the next resistance is MYR0.465," which is September 2021 high. Adds, RSI and other momentum indicators are in positive territory, but "they haven't gone into overbought territory, so there is still some upside to go." Shares now at MYR0.41. Volume at 23.8 million shares.
25/09/2023 4:45 PM
easyjennyEach has voluntarily withdrawn the legal suit against each other
Stuck a deal
Consideration to withdraw the suit, lots of projects will be forthcoming (see the price movement, insiders know)
Puncak is a significant player in its field. Puncak's expertise is needed to improve the nation's water infrastructures
speakuphttps://malaysia.news.yahoo.com/klang-valley-taps-run-dry-230000956.html last time when govt takeover Puncak water biz, they say is to solve issue of water disruptions. but today still the same, no water! rakyat dah kena tipu! still believe PH? still believe PMX?
12/10/2023 7:47 AM
easyjennyHLIB says it is embarrassing to push to promote to investors a "dead" company with its share price so low
