Timecom & Puncak ~ Did you make $$$ too??

PUNCAK (6807)

I have posted about this share previously on 5 September 2011:
[http://awonginvestment.blogspot.com/2011/09/puncak-drop-around-63-potential-share.html]

At that time, the share price was 1.13 vs current 1.28 (approx. 13% increased)

This is mainly due to the following news:

a) Possible take over of Indah Water

• 1Malaysia Development Bhd (1MDB) said it is evaluating a plan to privatise Indah Water Konsortium Sdn Bhd (IWK), the national sewerage company.
• It is believed that 1MDB is part of a consortium that intends to take over IWK. The other member of the consortium is believed to be either Puncak Niaga Holdings Bhd or controlling shareholders of the company.
• If this success, means more income to Puncak.

Read more: [http://www.btimes.com.my/Current_News/BTIMES/articles/SATUM/Article/index_html#ixzz1XSRAQsMm]

b) OSK upgraded this share

• Puncak Niaga Holdings Bhd rose the most in 34 months after OSK Holdings Bhd upgraded the stock following a Business Times report the Malaysian water treatment operator may join a group to take over the national sewerage company.

Read more: [http://www.btimes.com.my/Current_News/BTIMES/articles/20110909111543/Article/index_html#ixzz1XSRwNgps]

c) Puncak filed RM1.05billion claim

• Syarikat Bekalan Air Selangor Sdn Bhd (Syabas), a subsidiary of Puncak Niaga Holdings Bhd, has filed a RM1.05bil claim against the Selangor Government.
• If this success, means more income to Puncak.

Read more:
[http://biz.thestar.com.my/news/story.asp?file=/2011/9/9/business/9456388&sec=business]

TIMECOM (5031)

I have posted about this share previously on 29 August 2011:
[http://awonginvestment.blogspot.com/2011/08/timecom-share-to-look-at.html]

At that time, the share price was 0.53 vs current 0.61 (approx. 15% increased)

Unsure the reason for the increased. This might be due to the chance it get the initial school internet contract which I have discussed recently within my post:
[http://awonginvestment.blogspot.com/2011/09/rm45billion-school-internet-contract.html]


Hope you all make $$$ too!! ^_*