Market talk was that the consolidation between the two players (KPS & Puncak Niaga) could be concluded by year-end. Kumpulan Darul Ehsan Bhd (KDEB), the investment arm of the Selangor state government, has 60% equity in KPS.
As part of a consolidation exercise, KDEB has been looking to either buy over Puncak Niaga or its assets, (70% unit Syarikat Bekalan Air Selangor Sdn Bhd or Syabas) and 82.5% subsidiary Puncak Niaga Holdings (M) Sdn Bhd), and has had meetings with Rozali towards this end, with no real outcome.
Scan 22 May 2026
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Symbol Type Date Close Price Volume 13 Day ADX 13 Day +DI 13 Day -DI
GENTING Long 2026-05-22 2.35 7018800 20.74 27 26
GETS Long 2026-05-22 0.14 10500 21.94 ...
2 days ago
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