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Something Is Brewing Inside IPMUDA [5673]

thethinker
Publish date: Tue, 17 Aug 2021, 11:05 AM
thethinker
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You Never See It Coming...
Following Message

 

HELO FELLOW TRADERS,

LET'S TALK ABOUT IPMUDA

KAF Equities has initiated coverage on Ipmuda Bhd with a target price of RM1.60 and a “buy” call.

 

IPMUDA has made game-changing moves and expanded into diversified sectors within one financial year, post structural and ownership changes, after a series of direct and indirect share disposals by the previous substantial shareholder. This was subsequently followed by a complete change in leadership at the board and management levels. Leveraging the new vision brought by the new leadership, this shift is a pivotal change for “IPMUDA 2.0”, which will turn 46 this year.

Clean energy generation
 
With the purchase of two power plants in Sabah and Kedah, the company has begun its journey to becoming a clean energy solutions provider, integrated with state-of-the-art and efficient technology.
 
IPMUDA will continue its expansion into the renewable energy sector by exploring the development of greenfield and brownfield projects, which include projects involving other sustainable energy sources such as small hydro, solar, biomass, biogas and geothermal.
 
This acquisition is expected to bring approximately RM65 million in annual revenue for the group, based on a fixed tariff of 24 sen per kWh and a declared annual availability of 245,280MWh. The plant will be powered by electromechanical equipment sourced from Austria-based Global Hydro, and comes with minimum performance guarantees.
 
The solar plant is already performing at 101.5% in its first full year of operations, with a corresponding net revenue collection of RM4.96 million.
 
Affordable healthcare for all
 
IPMUDA aspires to make private healthcare affordable for all, thus improving the quality of lives and building a robust community.
 
Taking into consideration changing demographics and increasing healthcare needs, the company aims to create a supportive ecosystem for the local healthcare sector. It aims to expand the business segment into age care and wellness facilities, among others.
 
IPMUDA says the sector provides for resiliency and the niche healthcare segment can provide healthy margins. In acknowledging the conglomerate factor, the group has put in place specific plans to provide long-term investor returns and views the new segments as being within the same “sustainable community development” space.
 
The rationale behind acquiring the assets from the renewable energy and healthcare fields, respectively, would allow IPMUDA to gain immediate access to these sectors, rather than taking on risk and building new power plants and healthcare facilities from the ground up.
 
BY THE TIME I WROTE THIS ARTICLE, IPMUDA CURRENT PRICE IS 1.36.
 
The most important thing i want to share with all of u is...
 
BY THIS WEEK THERE'S ONE ANNOUNCEMENT BY IPMUDA REGARDING THE HYDRO POWER CONTRACT AT SABAH WILL BE OFFICIALLY PUBLISH.
 
THE VALUE? 2.4B!!
 
GOOD LUCK. SEE U AT THE TOP! RM1.60
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