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Last Price Today's Change   Day's Range   Trading Volume
1.28   -0.03 (2.29%)  1.26 - 1.33  4,118,400
2,313 comment(s). Last comment by rockrziq at Jan 17, 2021 12:28 AM
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Karlos
618 posts

Posted by Karlos > Oct 26, 2020 9:41 AM | Report Abuse

Normally every year in the recent past, Cyparks declared an annual dividend but some how this year no dividend was declared so far.


hng33
17604 posts

Posted by hng33 > Oct 26, 2020 10:59 AM | Report Abuse

cut cypark at 85-85.5sen


Papayashot
169 posts

Posted by Papayashot > Oct 26, 2020 6:20 PM | Report Abuse

karlos, how cypark able to pay dividend to you? Look into their financial statement, then you will know. All the while they are borrowing money to pay our dividend u know. All the profits since 2015 declare so far are merely paper profit (unrealized), which is going to be amortized once the plant is up. However, the problem is, WTE has been dragged for 2 years, and in their Annual Report, they keep on saying that COD is this la, that la, but is it realized? The answer is no, and they just keep on giving all sort of beautiful stories saying that WTE is at the tail end la.

Tell you what, I personally drive to WTE site (near port dickson) after the AGM, since the director saying that the plant is completed, waiting for testing. It was July 2020. But when I was there, they are still doing some construction work at the bunker. I have a chat with the engineer there, they said it would take another 6 mths - 1 year to complete. His statement totally contradicts with what the director said during AGM.

I personally think that the management team of CYPARK is not an efficient team. Although they manage to get projects, but the way they execute the project is really ......... They never tell us the true story, but narrating it.

Although I could not deny that the prospect MAY seem bright after the plant is up, but, it is NOT a properly managed company. If not, why EPF willing to sell even at this price?


Karlos
618 posts

Posted by Karlos > Oct 26, 2020 9:15 PM | Report Abuse

Papashot you gave a very clear picture as to why there was no dividend for this year and why the price of the stock is sliding. The director was rightfully selling for the right reason I presumed.


Papayashot
169 posts

Posted by Papayashot > Oct 26, 2020 10:58 PM | Report Abuse

Director of course has his rights to sell. But I believe it is due to margin call. The only thing I dislike is the management team, by giving empty promises and narrating stories.


smartly
5869 posts

Posted by smartly > Oct 26, 2020 11:22 PM | Report Abuse

@papayashot, you bought in high price ? > RM1 ?


Papayashot
169 posts

Posted by Papayashot > Oct 26, 2020 11:36 PM | Report Abuse

For those who have been holding CYpark shares for years, I am sure they all bought more than RM 1. Even EPF and other big sharks hold more than RM 1. Anyway, it is not the price drop that has triggered our satisfaction here. It is the way they manage their balance sheet and the way they manage the construction of WTE.


smartly
5869 posts

Posted by smartly > Oct 27, 2020 12:33 AM | Report Abuse

purely on price movement...
there is still hope if it < RM1...
it should be back above RM1 when C-19 is ease off...


Karlos
618 posts

Posted by Karlos > Oct 27, 2020 8:21 AM | Report Abuse

Not likely the recent sales due to margin calls. If there were forced sales, they were likely to be carried out perhaps much earlier say in March or April. Any how why not sell even at current price levels of you can buy back cheaply via ESOS?


mf
23893 posts

Posted by mf > Oct 27, 2020 8:22 AM | Report Abuse

MARKETS
Asian markets look set to continue a downward path on Tuesday


Karlos
618 posts

Posted by Karlos > Oct 27, 2020 8:23 AM | Report Abuse

Or can even buy back from open market if they expect the price will fall later. Smart strategy.


Papayashot
169 posts

Posted by Papayashot > Oct 27, 2020 8:33 AM | Report Abuse

well, price movement is not my interest anyway. I just focus on the company and the management team. You can buy if you are confident on the management team.


Lukesharewalker
5434 posts

Posted by Lukesharewalker > Oct 27, 2020 2:42 PM | Report Abuse

Should be lowered until the 60s for their incompetence in starting an 2 years overdue project


ivanlau
736 posts

Posted by ivanlau > Oct 29, 2020 2:13 PM | Report Abuse

finally epf wake up and start disposing this stock...........


buystock
86 posts

Posted by buystock > Oct 29, 2020 5:45 PM | Report Abuse

most probably gonna go down until support 0.8 before rebound, base on support resitance line, already breach support 0.85 and should find strong support to rebound.


Karlos
618 posts

Posted by Karlos > Oct 29, 2020 9:36 PM | Report Abuse

EPF had been disposing Cypark even earlier.


lloydlim
3260 posts

Posted by lloydlim > Nov 2, 2020 12:12 PM | Report Abuse

Time to accumulate!


Lukesharewalker
5434 posts

Posted by Lukesharewalker > Nov 2, 2020 3:04 PM | Report Abuse

It will have to reach below 70 before buying is forthcoming....


amet2017
2622 posts

Posted by amet2017 > Nov 2, 2020 5:07 PM | Report Abuse

Aiyo already loss a lot aa..so pity


yong1985cm
32 posts

Posted by yong1985cm > Nov 4, 2020 12:55 PM | Report Abuse

Jz realised that the LSS4 tender, the max award given to a company is 3 only, and the max for each award is 50MW. mean cypark at most will only be awarded 150MW for LSS4... so do not be too exited of the total of 1,000 MW


Papayashot
169 posts

Posted by Papayashot > Nov 4, 2020 7:00 PM | Report Abuse

I personally think getting project also is not necessarily a good news for cypark. After getting the project, cypark needs to get from somewhere to fund the project. Well, considering its financial situation, the only way is to raise sukuk (more debt), or private placement (more shares). Either of them is not good for shareholder. They can narrate all the beautiful story of getting this project la, that project la, But, is cypark capable to finance them? Sometimes, if your head is small, do not wear a big cap.


cbkia4896
366 posts

Posted by cbkia4896 > Nov 5, 2020 10:15 AM | Report Abuse

Why move? I thought this sunset counter


lloydlim
3260 posts

Posted by lloydlim > Nov 5, 2020 10:19 AM | Report Abuse

It's undervalued!


sephirohn12
41 posts

Posted by sephirohn12 > Nov 5, 2020 11:17 AM | Report Abuse

Maybe company buy back to avoid director force sell


yong1985cm
32 posts

Posted by yong1985cm > Nov 5, 2020 3:58 PM | Report Abuse

us election result out. all counter up today


influenza19
147 posts

Posted by influenza19 > Nov 8, 2020 8:05 AM | Report Abuse

https://www.rechargenews.com/transition/us-renewable-energy-industry-cheers-joe-biden-election-win-as-beautiful-day/2-1-908521

Good for RE... Maybe a rally in near future, still good for long term. For solar, income is secure for 15-20 years. It is a stable company.


smartly
5869 posts

Posted by smartly > Nov 12, 2020 5:09 PM | Report Abuse

no life this counter. sad.


Zuliana
2645 posts

Posted by Zuliana > Nov 15, 2020 2:09 PM |

Post removed. Why?


Zuliana
2645 posts

Posted by Zuliana > Nov 15, 2020 2:34 PM |

Post removed. Why?


Zuliana
2645 posts

Posted by Zuliana > Nov 15, 2020 4:01 PM |

Post removed. Why?


cbkia4896
366 posts

Posted by cbkia4896 > Nov 16, 2020 12:50 PM | Report Abuse

wahhh, regret no buy...


Karlos
618 posts

Posted by Karlos > Nov 16, 2020 4:16 PM | Report Abuse

Still much undervalued at the current prices. My rough guess the intrinsic value should be in the region of RM 1.50


firehawk
3470 posts

Posted by firehawk > Nov 18, 2020 10:30 AM | Report Abuse

yes, pls go to sapu all the selling queues below 1.00 !!
will be very HUAT later´╝ü


silverdigger
60 posts

Posted by silverdigger > Nov 19, 2020 6:20 PM | Report Abuse

@firehawk - how you know one? looks like whole solar energy sector engine started leh!


ALEXHY
6 posts

Posted by ALEXHY > Nov 20, 2020 9:26 AM | Report Abuse

huat ah


ALEXHY
6 posts

Posted by ALEXHY > Nov 20, 2020 9:26 AM | Report Abuse

going up liao


ALEXHY
6 posts

Posted by ALEXHY > Nov 20, 2020 9:26 AM | Report Abuse

just hold to 1.8


andy123456
12 posts

Posted by andy123456 > Nov 20, 2020 9:50 AM | Report Abuse

got a worry on cypark is its trade receivable, keep on increasing


Papayashot
169 posts

Posted by Papayashot > Nov 20, 2020 11:17 AM | Report Abuse

Plus, now CMCO, I don't think the so-called experts can come in so easily to test their WTE. I would expect another delay and again, the cash would stuck there.


andy123456
12 posts

Posted by andy123456 > Nov 20, 2020 11:43 AM | Report Abuse

u are right, not sure why their receivable keep increasing?? if cant collect, they also didnt write it off


andy123456
12 posts

Posted by andy123456 > Nov 20, 2020 11:44 AM | Report Abuse

is it their debtor is the government agency??


andy123456
12 posts

Posted by andy123456 > Nov 20, 2020 11:47 AM | Report Abuse

they ddidnt state who is delay in paying


Papayashot
169 posts

Posted by Papayashot > Nov 20, 2020 12:14 PM | Report Abuse

Their increasing trade receivable/contract asset is mainly due to the consistent delay of COD. WTE has been delayed for 2 years. Really dunno what the heck they're doing there.

If you read their Annual Report, they tend to boast COD is this la that la. But look at the fact, can they deliver it? I personally drive to WTE (Port Dickson) to check their progress on July 2020 and then I know I was conned by the Management's sweet word in AGM. TO tell you the truth, they haven't completed the bunker and construction is still on-going.

As an investor, would you place your hard-earned money in this kind of company? That's the reason investor dun dare to pick up the share even it trades at such a low PE. Sometimes, Mr. Market is NOT stupid.

And, considering its gearing, I am curious on how the Management manage to pay back its balloning debt, considering their efficiency in managing the project. All this while, they're using Loan to pay our dividends. Is it something that we should proud of?

Well, I know constructing a power plant is not easy. Nevertheless, management should be blamed on their inefficiency in running the project. It is simply ridiculous to have project delayed for 2 years. Their main con is KNM last time for WTE, and I am truly curious why KNM is selected. It ends up KNM cannot deliver and Cypark has to go for other main contractor.

I am not sure who is the main debtor. But I think should be GLC.


andy123456
12 posts

Posted by andy123456 > Nov 20, 2020 1:59 PM | Report Abuse

ok noted


Karlos
618 posts

Posted by Karlos > Nov 20, 2020 3:26 PM | Report Abuse

Still a long way up to reach Cypark intrinsic value !


Papayashot
169 posts

Posted by Papayashot > Nov 20, 2020 3:31 PM | Report Abuse

ya karlos, it can realize its intrinsic value if the project in hand goes well, and the management can make its balance sheet great again. It all depends on how you compute intrinsic value and it is subjective. But for me, business and management team is more important.

Good luck.


savingprivateryan
30 posts

Posted by savingprivateryan > Nov 20, 2020 3:38 PM | Report Abuse

Aiming for the pre-Covid-19 lockdown low, where it touched 1.300 before a slight rebound leading up to the downtrend towards March lockdown. I think the current price is still a safe entry if you can hold for 2-3 months.


Karlos
618 posts

Posted by Karlos > Nov 20, 2020 3:47 PM | Report Abuse

No worry, just take a close look at current intrinsic value and future growth and value as well !


SpicyMcDeluxe
501 posts

Posted by SpicyMcDeluxe > Nov 20, 2020 3:48 PM | Report Abuse

apa cerita


Gumbira
29 posts

Posted by Gumbira > Nov 20, 2020 3:50 PM | Report Abuse

Kita joget dulu...

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