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With the 6.5 billion of book order and some more yet to be released, bankers are not so stupidly involved in this company for long term reasons and foresee the future is very bright. It is no doubt to be out of PN17. I believe the trading volume should be continued to be very active to enjoy the coming expectations.
Previous company management had been stealing from the bank by billions and Government decided to partially bailout to retain thousands of technicians to continue in oil field jobs. So far This company has 6 over billion of book orders.
Under current management they are trying very hard to remove PN17 status only Government will bailout them.
So please don’t accuse them of stealing government or rakyat money. It is your decision to make “willing buyer and willing seller” to trading shares in this counter
For Selangor, the state and the federal government had been on opposing sides from the 12th General Election in 2008 until GE14, which contributed to the delay in the restructuring of the state's water infrastructure. One can relate to the challenges PAAB faced during the long-drawn-out saga between Selangor and the federal government involving the consolidation of four water concessionaires Puncak Niaga Holdings Bhd, Konsortium Abbas Sdn Bhd, Syarikat Bekalan Air Selangor Sdn Bhd (Syabas) and Syarikat Pengeluar Air Selangor Holdings Bhd (Splash).
Pengurusan Air Selangor Sdn Bhd was eventually formed and in 2015, it signed an agreement with PAAB, with the latter releasing up to RM2 billion to the former.
According to PAAB's annual report, Air Selangor migrated RM10.5 billion worth of assets to PAAB.