sustainable future = Renewable Energy
Dear Friends
Petronas has indicated that Upcoming Capex will go to Clean Green Energy - Especially Solar Power.
As such we look at these 4 Green Energy Companies: Kpower, Solarvest, Samaiden & Pekat
KUALA LUMPUR (Feb 26): Petroliam Nasional Bhd (Petronas) is expecting to spend between RM40 billion and RM45 billion in annual capital expenditure (capex) over the next five years, based on its projection of oil prices and outlook on the industry.
Petronas plans to spend 55% of the annual capex allocation on domestic investments, with the remainder on international investments, according to president and CEO Tengku Muhammad Taufik Aziz.
Some 9% of its annual capex will be allocated to new energy initiatives, he said, which is almost double the previous 5% allocation set in 2020.
From above we SEE Petronas almost double its capex for new energy from 5% to 9%
1) KPOWER
SUMMARY OF KEY FINANCIAL INFORMATION
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
30 Jun 2021
|
30 Jun 2020
|
30 Jun 2021
|
30 Jun 2020
|
||
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
1 | Revenue |
101,305
|
39,361
|
386,091
|
95,843
|
2 | Profit/(loss) before tax |
8,407
|
10,114
|
51,402
|
17,906
|
3 | Profit/(loss) for the period |
6,613
|
7,308
|
38,234
|
12,776
|
4 | Profit/(loss) attributable to ordinary equity holders of the parent |
5,919
|
7,312
|
37,463
|
12,786
|
5 | Basic earnings/(loss) per share (Subunit) |
1.74
|
1.75
|
8.28
|
3.06
|
6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.3100
|
0.250
|
KPOWER this Qtr profit is 1.74
Annualised 1.74x 4 = 6.96 sen
Current price is 69 sen
P/E is 69/6.96 = 9.9
For a fast growing Clean Energy Company a P/E below 10 in single digit is considered undemanding
Plus Kpower Net Cash remains at Rm104 Millions & receivables have shrunk from Rm183.6 millions last qtr to Rm149.7 Millions or Rm33.9 Millions debts collected.
Payables also shrunk from rM131.7 Millions to Rm97.4 Millions or LESS Rm34.3 Millions
THIS SHOWS THAT CASH FLOW IS SOUND & BALANCE SHEET IS ALSO SOUND
AT 69 SEN WITH NAV AT 31 SEN KPOWER IS SELLING AT 2.22 TIMES PRICE TO BOOK VALUE
2) SOLARVEST
SUMMARY OF KEY FINANCIAL INFORMATION
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
31 Mar 2021
|
31 Mar 2020
|
31 Mar 2021
|
31 Mar 2020
|
||
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
1 | Revenue |
63,161
|
51,350
|
224,287
|
253,434
|
2 | Profit/(loss) before tax |
8,534
|
2,845
|
22,691
|
16,485
|
3 | Profit/(loss) for the period |
6,279
|
3,873
|
16,439
|
15,976
|
4 | Profit/(loss) attributable to ordinary equity holders of the parent |
6,298
|
3,814
|
16,139
|
15,665
|
5 | Basic earnings/(loss) per share (Subunit) |
1.42
|
0.98
|
3.97
|
6.28
|
6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
1.00
|
0.00
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.2100
|
0.2100
|
NOTE; SOLARVEST HAS YET TO REPORT ITS AUG 2021 RESULTS
MAY QTR earns 1.42 sen
Annualised 1.42 X 4 = 5.68 sen
Current price Rm1.30
P/E 130/5.68
= 22.88 (MORE THAN DOUBLE THAT OF KPOWER)
NAV IS 21 SEN
SOLARVEST AT RM1.30 IS SELLING AT 6.19 TIMES BOOK VALUE
3) SAMAIDEN
SUMMARY OF KEY FINANCIAL INFORMATION
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
31 Mar 2021
|
31 Mar 2020
|
31 Mar 2021
|
31 Mar 2020
|
||
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
1 | Revenue |
9,031
|
0
|
28,287
|
0
|
2 | Profit/(loss) before tax |
1,602
|
0
|
5,714
|
0
|
3 | Profit/(loss) for the period |
1,071
|
0
|
4,169
|
0
|
4 | Profit/(loss) attributable to ordinary equity holders of the parent |
1,073
|
0
|
4,172
|
0
|
5 | Basic earnings/(loss) per share (Subunit) |
0.58
|
0.00
|
2.24
|
0.00
|
6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.2238
|
0.0000
|
SAMAIDEN HAS NOT GIVEN ITS LATEST RESULT FOR AUGUST 2021
MAY 21 RESULT SAMAIDEN EARNS 0.58 SEN
ANNUALISED 0.58X 4 = 2.32 SEN
CURRENT PRICE IS RM1.16
P/E = 116/2.32
= 50
NAV IS 22 SEN
AT RM1.16 SAMAIDEN IS SELLING AT 5.27 TIMES BOOK VALUE
4) PEKAT
SUMMARY OF KEY FINANCIAL INFORMATION
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
30 Jun 2021
|
30 Jun 2020
|
30 Jun 2021
|
30 Jun 2020
|
||
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
1 | Revenue |
40,055
|
0
|
81,716
|
0
|
2 | Profit/(loss) before tax |
1,477
|
0
|
7,392
|
0
|
3 | Profit/(loss) for the period |
1,017
|
0
|
5,513
|
0
|
4 | Profit/(loss) attributable to ordinary equity holders of the parent |
1,043
|
0
|
5,587
|
0
|
5 | Basic earnings/(loss) per share (Subunit) |
0.20
|
0.00
|
1.09
|
0.00
|
6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.1700
|
0.1000
|
PEKAT EARNS 0.2 SEN THIS QTR
ANNUALISED 0.2X4 = 0.8 SEN
AT 73.5 SEN
P/E IS 73.5/0.8
= 91.87
AT THIS RATE IT WILL TAKE 91.87 YEARS TO DOUBLE YOUR MONEY
BETTER PUT YOUR MONEY IN BANK FD AT 1.75%
SEE 100/1.75
= 57.14 P/E
IT WILL TAKE 57.14 YEARS TO DOUBLE YOU MONEY WITH BANK INT AT 1.75%
PEKAT NAV 17 SEN AND AT 73.5 SEN IT IS SELLING AT 4.32 TIMES BOOK VALUE
AS WE CAN SEE FROM THE ABOVE EXAMPLES KPOWER BEATS ALL OTHERS HANDS DOWN
KINDEST REGARDS
Calvin Tan
Please buy or sell after doing your own due diligence or consult your remisier/fund manager
sustainable future = Renewable Energy
Created by calvintaneng | May 02, 2024
Created by calvintaneng | Apr 29, 2024
Created by calvintaneng | Apr 27, 2024
Created by calvintaneng | Apr 06, 2024
Calvin, I'm a little bit confused as to why you have done a comparison between Solarvest and KPower.
Solarvest are solely a RE/ Solar energy sector company.
KPower are a mix of various sectors, construction, healthcare, logistics and hoping to grow their RE footprint. KPower earnings currently are heavily derived from their construction business.
Would you care to enlighten us on why you felt a comparison between both companies is relevant?
Thanks and have a good day.
2021-09-26 10:39
TreeTopView, simple reason...bcoz he has loaded KPower for distribution to you all
2021-09-26 13:05
Calvin, it might be very premature to start comparing KPower's possible solar industry ambitions to the current Solarvest order book and business plan.
Comparisons may be more relevant in 12 to 24 months time if KPower can attain any traction in the solar sector.
2021-09-26 16:44
TreeTopView Calvin, it might be very premature to start comparing KPower's possible solar industry ambitions to the current Solarvest order book and business plan.
Comparisons may be more relevant in 12 to 24 months time if KPower can attain any traction in the solar sector.
26/09/2021 4:07 PM
See this
https://www.businesstoday.com.my/2021/08/20/kpower-signs-large-scale-p...
https://themalaysianreserve.com/2020/12/08/aminvest-sees-rapid-potenti..
2021-09-26 17:35
Just a thought: The market is the invisible hand that determines the stock price. Looks like although Kpower has a lowest PE value of 9.9 (during the time of the article, Kpower was trading at 69 cents), the price trend has come down to 59 (current at this point of writing) due to the association of the company to Serba. Risk averse and current market sentiments avoid the stock despite the solid fundamentals of the company. There is certainly upside potential for Kpower according to Calvin's analysis... only time can tell due to general market sentiments. Other Solar companies PE seem to trend at about 50... at first glance, a reflection of the potential upside ahead perhaps for the solar industry? It's risk = rewards, where do we place our money if we wanna invest in solar stock?
2021-10-29 11:31
ooi8888
Post removed.Why?
2021-09-26 09:37