It is more equitable to all shareholders if the fund raising done via rights issue [RI] instead of private placement [PP] especially if the PP is large and issued at a big discount in price.

Inresing demand but decreasing supply will surely propel the price further up. Good for M&G biz.

Crude oil price continues to surge upward !!!

High crude oil price coupled with the largest ever gas discovery in Malaysia by PTT of Thailand off shore of Sarawak will definitely good for M&G.

There is nothing bad about PP if done fairly with good intention as it shows support from investors and a quick way to raise equity capital. The recurring issue that arise is the pricing of the PP shares. Normally the issuers chose to price the shares for PP when the past 5 day average price were comparatively low. Too much leeway were given to directors to fix the price and the discount. Similar issue also happen in fixing ESOS price.

It appears obvious that AA had chosen to price the PP based on the low average price of 5 day VWAP up to only 9 Feb as prices were on the way up. The potential buyers can either sell or short the shares to make easy killing ! Very cunning !

Crude price continues its bullish trend !

Now G Capital is investing in a solar project, widening further its investments in renewable energy space. Currently G Capital is already in the development and operation of a no of hydro electric power projects. Congratulation to G Capital for going into a fast growing renewable energy generation using solar PV technology.

LYC will certainly benefit in the long term as healthcare is a fast growing service industry as the income level and percentage of elder population of the country rise.

Crude oil continue to go up

Global markets bullish and Brent Crude Oil has reached $ 60 !!!

In investing we discount the past and even the present but look forward to the future. People will continue to travel by airlines and huge pent-up demand especially in leisure travel.

A new budget airline Greater Bay Airlines (GBA)had applied for the rights to fly 104 routes across China Greater Bay Area. The startup also applied to operate flights to multiple cities in Japan, Vietnam, South Korea, and other popular regional tourist destinations.
This shows that airline biz in particular the low cost ones will soon turn around any time now.

The current new issue of ESOS was priced at a very reasonable and fair price of RM 1.16 at a reasonable discount from the reference price of RM 1.38.

Nothing to worry about Cypark as it is still unappreciated and undervalued and Cypark is in the right biz of green energy, already owning and operating a no of projects with long term guaranteed incomes. Some others in so called in the green energy biz are mostly just contractors or suppliers, not developers or owners.
The stock price glitch down are temporary, perhaps due to recent exercise of ESOS at an extremely low price of only 59.5 sen.

Directors have been buying the shares at even higher than current price. We can safely presume that they know why they are buying, perhaps expecting better performance in the near future.

The ACE Market Samaiden and Solarvest should not be compared at all with Cypark as they are basically just contractors for green/solar projects. The nearest comparison to Cypark in green energy space are perhaps Main Board listed Amcorp Properties that own both solar farm and small hydro plants; and G Capital that own a no of hydro plants.

However except from issuing and repricing ESOS at too large a discount, Cypark is an excellent company in the right growing sector and still very much undervalued at current price. The current high debts and negative cashflows are of no issue if you understand properly the kind of biz that Cypark is in.

Agreed that ESOS exercise can be beneficial for both the company and the affected employees if it done and price rightly. ESOS should be given subject to some performance targets and issued at a fair price, not at a huge discount. In addition it should not be issued in large numbers and too frequently.

Other green energy projects include waste to energy, biogas and biomass.

Cypark has developed and owned more than solar farms in the space of green energy.

G Capital is a growth company under the new shareholders. Apart from land transportation and green energy from minihydros, the company had ventures into a no of growth biz in healthcare, IT, banking in Cambodia and recently even buying shares in Maju Perak Bhd. With a healthy balance sheet and growth oriented new management, G Corp will certainly do well and flourish going forward.

Avoid investing based on hope but based on the thorough understanding of the company biz and doing FA and TA.

G Capital continue to buy more of MajuPerak and the major shareholder continue to buy more of G Capital!

1.19 is a very good price to buy, way below the intrinsic value !

This new MCO will significantly affect tourism and hospital biz which unfortunately one of the core biz od Eden.

Mathatter, thank you for your write up and comments on The Edge. Many would probably agree that the weekly news paper have written erroneous reports on corporate matters before.

Sorry at 59.5 sen

What has pushed the price down is likely due to sell down by substantial owners/directors and the unreasonably low price of ESOS at only 69.5 sen.

Congratulation to G Capital for getting a higher rate per kWh output from 25 sen to 28,98 [an increase of 16%) for its 10 MW hydro plant in Lenggong. PHREC that owns 10% equity interest in that hydro project is in fact an indirectly owned subsidiary of G Capital.
G Capital currently has interests number of hydro projects which are both under development and completed in Perak. Recently G Capital has announced its interest to purchase a number of hydro projects in Perak and Pahang.

Investing in an Air line, especially Air Asia, now has little if any risk but has uncertainty going forward. Do not conflate risk with uncertainty. Look forward to the future, not the past and avoid irrational fears.

The new and future Air Asia is not the same as the old Air Asia. Big congratulation to the management of Air Asia for transforming the air line into a new animal all together!

Those who can wait will be very well rewarded.

A likely reason that depresses the current price of Cypark today probably due an exercise of more than 6m ESOS at extremely cheap prices of only 69.5 sen. But the economic of the company remains intact. The plunging down of Cypark stock price is a good opportunity to accumulate as the selling down is due to non economic reason.

huat_ahh, thank you for your good write up on G Capital and the proposed Oriental Bank in Cambodia. Although Public Bank has no connection with the establishment of Oriental Bank, the bank will certainly derive huge benefit from Phan experience, knowledge and most importantly connections in Cambodia. Those familiar with doing biz in the country will attest that right connections and familiarity with the local culture will make or break a biz.

However I tend to disagree with the statement that G Capital is not a growth company. The company had ventured into green energy business via development, ownership and operation of hydro power plants in the state of Perak. Recently it has proposed to expand its hydro portfolio via purchase of a no projects not only in Perak but also Pahang.

G Capital in addition has major investments in health care services and IT solutions via investments in LYC and Yi Lai respectively. Renewable energy, healthcare and IT are all high growth industries.

Nothing to worry at all about Cypark if you know its biz well. Price will finally reach its intrinsic value sooner or later.

If you can keep your head and your heart strong
while others are losing theirs ..........

There is always opportunity in calamity

No worry the economic of the company will not be changed due to misinformation/misunderstanding.

Yes NST gave a good clear and accurate reporting on G Capital venturing into banking in Cambodia and the state of the country economy and prospects for business.

I just don't understand what was the intention of saying that Public Bank not involved in the establishment of Oriental Bank plc in Cambodia? We all know that Public Bank is never mention in the yesterday release of HOA for the JV to establish the Cambodian bank.

Some people simply wrote wrongly without mentioning the sources nor verifying the truth about involvement of Public Bank. Only the writer knew about the intention for writing such stories. Similar incidence that have caused misunderstanding have happen before too. Nothing new.

Any way Public Bank is already well established in Cambodia and it does not need another bank. I don't know how some people associate Public Bank with the establishment of proposed Oriental Bank.

Later may be a panic buying!

Must be some misunderstanding some where. As far as I know no involvement of Public Bank whatsoever.

There was no mention of involvement of Public Bank in the HOA for the Oriental Bank Plc JV. I don't know where the involvement of Public Bank comes in.

This price drop is nothing to worry about. Just concentrate on the current value plus growth in the businesses G Capital is investing.

"Based on the National Bank of Cambodia’s Economic and Monetary Statistics report in 2018, the interest rate for loans in US dollars is 10%"

Oh my god 10% for dollar loans!!! Just imagine the profit margin.

A full-fledged commercial bank in Cambodia !!!

Now finally we have formal announcement of establishment of Oriental Bank Plc in Cambodia!

Congratulations to Pestech International and we knew that you have a very bright future in front of you!