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1.34   +0.06 (4.69%)  1.25 - 1.37  15,853,000
2,319 comment(s). Last comment by lloydlim at Jan 18, 2021 5:06 PM
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graham
263 posts

Posted by graham > Sep 8, 2020 9:18 AM | Report Abuse

hmm...


Lukesharewalker
5434 posts

Posted by Lukesharewalker > Sep 15, 2020 3:12 PM | Report Abuse

This counter is just making the management rich. How can such an esos scheme exists?


Lukesharewalker
5434 posts

Posted by Lukesharewalker > Sep 22, 2020 3:57 PM | Report Abuse

Staff getting rich...investors stay away


k3nthiew
320 posts

Posted by k3nthiew > Sep 24, 2020 10:06 AM | Report Abuse

https://themalaysianreserve.com/2020/09/23/another-due-date-for-countrys-1st-wte-plant/

AFTER several delays, the country’s first waste-to-energy (WTE) incinerator facility in Negri Sembilan is expected to be commissioned by the fourth quarter of this year (4Q20).

Housing and Local Government Minister Zuraida Kamaruddin (picture) said currently, the project developer Cypark Resources Bhd is arranging for external experts to be flown to the plant to run the testing and commissioning (T&C) procedure. This would take around three months to complete.

Initially, the RM300 million project was set for completion by January 2018. However, it was delayed to the end of that year after the main contractor encountered a difficult geological formation.

The due date was then extended to June last year, but was again delayed to December 2019 due to technical issues with the road access at the landfill area.

“Now, they have to bring technology experts from Japan and Korea to run the T&C procedure and test the operation for three months.

“They are arranging this so it could be completed by the end of this year,” Zuraida told the media after handing over the certificate of appointments to the Village Security and Development Committees (Federal) (JPKKP) chairmen for New Village in Putrajaya yesterday.


Karlos
618 posts

Posted by Karlos > Sep 25, 2020 8:25 AM | Report Abuse

More selling by the chairman cum major shareholder!


Papayashot
170 posts

Posted by Papayashot > Sep 25, 2020 10:29 AM | Report Abuse

Karlos, please observe carefully the selling price of this major shareholder on 23/9/2020. It is RM934,200.00 for 1,080,000 shares, i.e. RM 0.865.

My point is, why don't he sell earlier at say 21/9/2020 or even earlier than that, where the price is still > RM 0.90?

The reason is obvious. Market sell down cypark shares. And, the director kena margin call.


Lukesharewalker
5434 posts

Posted by Lukesharewalker > Sep 25, 2020 12:01 PM | Report Abuse

Really incompetent management, 2 years overdue project


Karlos
618 posts

Posted by Karlos > Sep 25, 2020 12:15 PM | Report Abuse

Still very good price even at 86.5 sen as he can exercise his option for more shares at only 59.5 sen!


Karlos
618 posts

Posted by Karlos > Sep 25, 2020 12:18 PM | Report Abuse

Giving him more than 45% profit with hardly any risk!


Lukesharewalker
5434 posts

Posted by Lukesharewalker > Sep 25, 2020 12:25 PM | Report Abuse

Yet rewarding staff with such an esos


Karlos
618 posts

Posted by Karlos > Sep 25, 2020 12:54 PM | Report Abuse

Nothing wrong with giving ESOS but the price in this case far too low hence providing not enough motivation for the staff to make the company perform better.


Papayashot
170 posts

Posted by Papayashot > Sep 25, 2020 1:35 PM | Report Abuse

Ya, management wise I have no comments. It is delayed since 2018, no thanks to the contractor of cypark, saying geographical problems la, hard road access la, bla bla.... But cypark has changed the main contractor. Previously I think was KNM


Lukesharewalker
5434 posts

Posted by Lukesharewalker > Sep 30, 2020 1:37 PM | Report Abuse

Results today


Olufsen
7 posts

Posted by Olufsen > Oct 1, 2020 11:23 AM | Report Abuse

Today Public Investment research upgraded to OUTPERFORM with target price RM1.84


Karlos
618 posts

Posted by Karlos > Oct 1, 2020 2:32 PM | Report Abuse

It is generally agreed that Cypark is currently undervalued by the market. One of the external factors may be that the market is currently focused on health care related stocks specifically the glove producers and perhaps furniture makers as well. Internally the continuous sell down by directors and major share holders and the significant downward repricing of ESOS may too contribute to the current depressed prices. The failure of the company to declare a dividend adds to the gloomy perception of the company.


Papayashot
170 posts

Posted by Papayashot > Oct 1, 2020 3:04 PM | Report Abuse

How come PBInvest said WTE expected to be commissioned on July 2021, while Zuraidah said by end of 2020? https://themalaysianreserve.com/2020/09/23/another-due-date-for-countrys-1st-wte-plant/


Olufsen
7 posts

Posted by Olufsen > Oct 1, 2020 3:22 PM | Report Abuse

Because WTE is using Japanese technology. They can't travel here due to Covid.
Btw, I think it's gonna be Solar play. There will be a few Solar companies to be listed.


AhHuat01
29 posts

Posted by AhHuat01 > Oct 1, 2020 6:50 PM | Report Abuse

i think PBInvest is being conservative is their forecast...

the latest QR also mention the WTE is expected to commission early next year


AhHuat01
29 posts

Posted by AhHuat01 > Oct 1, 2020 6:51 PM | Report Abuse

copied#

2) On-Going Projects

LSS1 - 15 MWac
- targeted Commercial Operation Date: 31 Dec 2020
- Daud (CEO) estimated RM10 million annually
- This will contribute to FYE 2021

LSS2 - 3 x 30 MWac = 90 MWac
- targeted Commercial Operation Date: 31 Dec 2020
- Daud (CEO) estimated RM25 million annually
- This will contribute to FYE 2021

WTE - 20 to 25 MWac
- targeted completion Date: 31 Dec 2020
- Daud (CEO) estimated RM80 million annually
- This will contribute to FYE 2021

LSS3 - 100 MWac
- TNB has inked three LSS3 Power Purchase Agreements.
- Daud (CEO) estimated RM50-60 million annually
- This will contribute to FYE 2022

Net Energy Metering (NEM) ProjectS
- Unknown MWac

Once the above projects are completed, it will be owned, operate & managed by Cypark


firehawk
3470 posts

Posted by firehawk > Oct 1, 2020 11:33 PM | Report Abuse

Today, CIMB gave TP=1.00 only, HOLD.


sephirohn12
41 posts

Posted by sephirohn12 > Oct 2, 2020 10:49 AM | Report Abuse

why lss2 90mwac =25mil and lss3 100mwac =50mil? Both also around 100mwac


Lukesharewalker
5434 posts

Posted by Lukesharewalker > Oct 2, 2020 12:32 PM | Report Abuse

The gearing is enormous. Another Armada?


AhHuat01
29 posts

Posted by AhHuat01 > Oct 2, 2020 3:31 PM | Report Abuse

@sephirohn12, you can find ur asnwer in the below linkS for your reference...i did verify the post he shared, seems accurate following whatever Daud's comment. the only possibility i could think of is LSS2 got 3 different sites, so maintenance could be higher as oppose to LSS3 1 single site.

-http://ir.chartnexus.com/cypark/docs/agms/Summary%20of%20Key%20Matters%20Discussed%20at%20the%20Postponed%2015th%20AGM%20held%20on%2018%20June%202020.pdf
- https://www.nst.com.my/news/nation/2019/09/518408/malaysia-needs-rm33bil-investment-hit-renewable-energy-target
- https://www.st.gov.my/contents/2020/Copy%20of%20LSS%20Progress%20By%20Region%20(Q1).pdf
- https://www.theedgemarkets.com/article/govt-targets-six-wastetoenergy-plants-2021
- https://www.theedgemarkets.com/article/better-earnings-visibility-prospects-cypark
- https://www.theedgemarkets.com/article/cypark-sees-doubledigit-revenue-growth
- https://www.theedgemarkets.com/article/tnb-awards-three-lss3-projects-total-capacity-29088-mwac
- https://www.theedgemarkets.com/article/cypark-reorganises-loans-address-debtcash-flow-mismatch


Olufsen
7 posts

Posted by Olufsen > Oct 2, 2020 4:27 PM | Report Abuse

LSS2 RM25m/yr is Financing Revenue for 15 yrs. Because Cypark gave landowners financing for 90mw project. In return Cypark gets O&M job for 21 yrs around maybe RM3-4m/yr

LSS3 RM33mm/yr based on 100mw x 0.2297 tariff x 4 hrs x 365 days.


firehawk
3470 posts

Posted by firehawk > Oct 5, 2020 4:25 PM | Report Abuse

Insider - Substantial Shareholder activities,

https://klse.i3investor.com/servlets/stk/annchsh/5184.jsp


Lukesharewalker
5434 posts

Posted by Lukesharewalker > Oct 6, 2020 11:38 AM | Report Abuse

Dead in the water again


SHAH NURSYAHMIAIMAN NOOR JALAINI
129 posts

Posted by SHAH NURSYAHMIAIMAN NOOR JALAINI > Oct 7, 2020 8:54 PM | Report Abuse

We refer to our earlier announcements dated 4 June 2020 and 4 September 2020 in relation to the Perpetual Sukuk Musharakah Programme ("Previous Announcements").

Cypark Resources Berhad wishes to announce that Cypark Renewable Energy Sdn. Bhd. has on 7 October 2020 issued Tranche 1 – Series 2 of the Perpetual Sukuk Musharakah of RM22.1 million under the Perpetual Sukuk Musharakah Programme.

This announcement is dated 7 October 2020


Michael Kwok
2956 posts

Posted by Michael Kwok > Oct 10, 2020 9:07 PM | Report Abuse

I recommend by Cypark at 90-94 cents.TP above rm 1.40.


Michael Kwok
2956 posts

Posted by Michael Kwok > Oct 12, 2020 4:53 PM | Report Abuse

I recommend by Cypark at 90-94 cents.TP above rm 1.40.believe on the trusted name.


yong1985cm
32 posts

Posted by yong1985cm > Oct 15, 2020 5:45 PM | Report Abuse

Razali owns 53mil share (11%) as at Feb 2020 as per AR2019. and he have disposed about 15mil shares after that up to now. mean his shareholding now is about 38mil share (8%).


Papayashot
170 posts

Posted by Papayashot > Oct 15, 2020 7:57 PM | Report Abuse

Hi yong1985cm, it is not Razali who disposed. It is his investment bank that disposes Razali's share.


monorail
38 posts

Posted by monorail > Oct 16, 2020 11:09 AM | Report Abuse

Permodalan Darul Ta’zim (PDT) dan Cypark Resources Berhad (Cypark) telah menandatangani Memorandum of Business Exploration (MoBE) berkaitan kerjasama dalam industri tenaga lestari di negeri Johor.

Pemeteraian MoBE tersebut membabitkan projek pembangunan sistem Solar Terapung di bawah program Solar Berskala Besar atau Large Scale Solar Program (LSS), Suruhanjaya Tenaga di Empangan Seluyut, Johor.

Selain itu, PDT dan Cypark juga akan bekerjasama dalam projek pembangunan Ladang Solar Berskala Besar di zon penampan Kompleks Bersepadu Pengerang (PIC) serta pemasangan panel solar di bangunan PIC menerusi Skim Pemeteran Tenaga Bersih atau Net Energy Metering (NEM) di bawah Suruhanjaya Tenaga.


yong1985cm
32 posts

Posted by yong1985cm > Oct 16, 2020 1:39 PM | Report Abuse

Papayashot , how to u know?


Papayashot
170 posts

Posted by Papayashot > Oct 16, 2020 7:25 PM | Report Abuse

Well, did you attend the AGM?

And, try to think if you're Razali, before MCO, he did not bother to sell his shares aggressively. But, whenever the share price down, he sold it. He kena margin call as most of his shares are owned by investment banks.


yong1985cm
32 posts

Posted by yong1985cm > Oct 17, 2020 9:18 AM | Report Abuse

i didn't attend, but can read the minutes of AGM here, all the questions raise are not related to the disposal of share by Razali.

http://ir.chartnexus.com/cypark/docs/agms/Summary%20of%20Key%20Matters%20Discussed%20at%20the%20Postponed%2015th%20AGM%20held%20on%2018%20June%202020.pdf

and i check back few year back AR, it shown that Razali shareholding is about 54mil in 2018 and 2019.
i very doubt that he own these share by margin account.


Papayashot
170 posts

Posted by Papayashot > Oct 17, 2020 7:46 PM | Report Abuse

hi yong, may I know why you doubt that Razali did not own these shares by margin account? Any info?


Harvey Specter
24 posts

Posted by Harvey Specter > Oct 18, 2020 7:40 PM | Report Abuse

boleh enter @ this price now? seems really attractive, once the NS solar & WTE is up and running the value should spike a bit


Lukesharewalker
5434 posts

Posted by Lukesharewalker > Oct 19, 2020 3:15 PM | Report Abuse

Wow...cheap become cheaper


Karlos
618 posts

Posted by Karlos > Oct 19, 2020 4:29 PM | Report Abuse

Remember directors and major shareholders are giving themselves new shares at only 59.5 sen!!!
At that ridiculously low price they can sell the shares at current price giving themselves a profit of almost 50%. Easy money!!!


hng33
17614 posts

Posted by hng33 > Oct 19, 2020 4:39 PM | Report Abuse

bought cypark at 87sen


kingstock007
41 posts

Posted by kingstock007 > Oct 19, 2020 4:49 PM | Report Abuse

if i have new share at 59.5 sen, i still want to sell RM1.20. why hurry?


Karlos
618 posts

Posted by Karlos > Oct 19, 2020 5:03 PM | Report Abuse

New ESOS will continued to be offered to directors and management.


Papayashot
170 posts

Posted by Papayashot > Oct 19, 2020 5:16 PM | Report Abuse

Hi Karlos, come, press down the price till the management earn nothing from ESOS. We need your help to release our frustration here.. Come come


EngineeringProfit
14453 posts

Posted by EngineeringProfit > Oct 20, 2020 9:45 AM | Report Abuse

This is my next favourite huat counter after tecfast o.34 to 0.51


kingstock007
41 posts

Posted by kingstock007 > Oct 20, 2020 11:14 AM | Report Abuse

i also think the same way,... they are doing something, but may be for next month, when china and usa goreng green energy..


influenza19
149 posts

Posted by influenza19 > Oct 23, 2020 12:00 PM | Report Abuse

December this counter will play.
the result for LLS4 (RM4 Billion allocation) succesfull bidder will come out around december 2020.
If Biden win, he give more attention to Renewable Energy than Trump which mean there will be a lot of budget allocation, incentive, tax incentive and investor support for RE. Surely it will impact Malaysia too.
If cypark dare to venture around ASEAN there will be a lot of opportunity in indonesia, vietnam, and philippines.


RainT
7667 posts

Posted by RainT > Oct 25, 2020 7:00 PM | Report Abuse

why CYPARK insider is selling non stop ?

EPF also sell this


RainT
7667 posts

Posted by RainT > Oct 25, 2020 7:02 PM | Report Abuse

oh

insider is kena margin call , force sell


Karlos
618 posts

Posted by Karlos > Oct 26, 2020 9:30 AM | Report Abuse

Papayashot: Be careful of what you wish!!!


Karlos
618 posts

Posted by Karlos > Oct 26, 2020 9:34 AM | Report Abuse

Directors/major shareholders are getting cheap shares at only 59.5 sen via ESOS and from past history Cyparks were actively issuing ESOS at discounted prices.
Even selling at the current prices, they can still make very good profit.

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