Is KPS Really Moving This time?Man propose, God dispose. That is the most apt opening statement for the market today. When analysts predicts the market will go up as they expect both Wall Street and the Chinese market to do well,it goes the other direction. We are down 6.3 points now to 1,358.08 and there are losers galore all over the board. Tanjong Off-Shore plunged RM1.06. Don't tell me another accounting issue is behind this as well?
SAAG is up again in a yoyo trend, The other stock making gains are Equine and Taan. Genting is down 5 sen, Resorts; 2 sen and RCE, another 1.5 sen. BJ Toto and Metronic are at its overnight level but POS upped 12 sen.
I thought the star of the day would be our friend, KPS which has got out of slumber and moved up 9 sen on a volume of 3.63 million shares as the market opens. However it is falling now to RM1.38 for a 6 sen gain. Will it hold on to its gains and advanced further?
Let us watch the market as the day progresses.
Heartsong
SAAG is up again in a yoyo trend, The other stock making gains are Equine and Taan. Genting is down 5 sen, Resorts; 2 sen and RCE, another 1.5 sen. BJ Toto and Metronic are at its overnight level but POS upped 12 sen.
I thought the star of the day would be our friend, KPS which has got out of slumber and moved up 9 sen on a volume of 3.63 million shares as the market opens. However it is falling now to RM1.38 for a 6 sen gain. Will it hold on to its gains and advanced further?
Let us watch the market as the day progresses.
Heartsong
2 comments:
I've always meant to ask you. Why are you so fixated on KPS arr?
Hmm.
Aurora,
KPS is the Selangor State Government's implementation arm. Any project in which the state is involved in will somehow be novated to KPS. Remember KPS was the investment arm of PKNS at one time as well.
Currently, KPS has the SPRINT toll highway concession and its consortium is pipped to win the Western Toll Expressway as well. Also it features real BIG in the Pahang Water Transfer Project.
This month, through the take-over of Cash-Band; it takes over most of the State property business (big land-banks)as well as all the clubbing and hotel businesses of Kumpulan Darul Ehsan Berhad, the investment arm of the Selangor State Government.
If the rumour that KPS is going to be taken private is true, then KPS's prices will soar. KPS went up 22 sen today(13 June 2007)to RM1.58;possibly its highest price ever since 1997.
This is only my personal opinion and it should not be used for investment and speculative considerations.
PC
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