Price target $0.73 by Aminvest

https://klse.i3investor.com/web/pricetarget/research/64507

Any body can advise reasons for the recent price drop?

Dragonz98, thanks for sharing very informative n valuable info. Most of the data shows promising outlook.
This QR Operating cash flows got significant improvement. When most projects is completed, cash flow used in investment activities would be much reduce, cash flow will then become very positive..

Ths for yr comment. I myself is the victim n had bought at price higher that $1 and now suffered great losses. Pls read my messages carefully, I just analyse the risk if buy at current level of $0.35....

Below is my personal opinion. Maybe wrong n please bear with it. Treat its as some kind of chit chat in kopitiam..
Person A got money n put in Bank, after one yr he will get 2.5% interest.
Person B buy Cypark now, after one yr, how much his return? Take note that he can take profit selling during the one yr period if anytime price is higher by 10%.
After one yr, return for A is better or B ?
After one yr, what is the probability that price will be lower than current level? Or higher?
My personal opinion is that if buy now, down side risk is limited n if happened maybe just temporary. On other hand, upside potential maybe enormous....
This is not recommendation for buy call. Trade at yr own risk..ha ha..

Cypark Resources Bhd said it has been appointed by International Islamic University Malaysia (IIUM) to construct and operate its solar photovoltaic (PV) system.

"This will be the largest solar photovoltaic system ever built for an educational institution in Malaysia at 6.25MWp, paired with innovative technology whereby the solar panels are not only built on rooftops but also on carpark and pedestrian walkway," said Cypark.

The project is under net energy metering scheme 3.0, the group said, adding: "In consideration for the works performed by Cypark, IIUM agrees to receive and purchase the net electrical output at a pre-agreed rate for a period of 21 years."
The stipulated completion date of the project is June 17, 2023, said Cypark.

Quarter report showing that LSS2 n WTE at final stage

Up again..

On 27 May. Ram rating reaffirm the long term rating of AA3 for Cypark which indicate high safety for payment of financial obligation. Do u think Ram never do any study before gave their rating ? I don't think that we are more professional if compare to Ram.

although LSS3 Project pricing is lower that LSS2, but it still much higher than LSS4. Management had mentioned before that they manage to purchase the raw material before the price hike. This is possible as LSS3 was awarded much earlier

Please note that Cypark never take any LSS4 project which offer low margin. Fr this, we can see that management is much more capable to set pricing if compare to other company that offer low price for LSS4.

Short seller normally will spread rumours to press down the price.
Intangible asset of 901 million consist of
1)188mill. Being the profit from construction of public services. This is correct as it is report according to accounting standard.
2) 713 millions. We can't say this asset is worth nothing. We can't say wte physical plant worth nothing. The worst case is only the short fall between 713mi n the actual value for the wte plant

The only method to beat them is NOT to follow when price go down unreasonably. But i know this is hard as sentiment can be affected..

RSS IDSS should be banned !
It is difference type of gambling..

Up coming QR result should be much better as
1)Kedah's LSS2 49MW solar farm
Had start Commercial operation on Jan 2022.
2) Economy opening

CharlieM,
Well said !

2023*

PE now 3.6. If WTE n LSS2 n LSS3 completed, profit increase significantly, cash flow become positive, n IF 2013 started to give dividen of 5sen per share(old record) equal to 10% dividen . Just imagine what is the share price....

Dragonz98. Ths for sharing top 10 share holders. May i know the list is latest up to which date ? How do u get it ?

Fr their 2021 annual report.
Net asset is 1190million.
Equal to NTA $2 per share
Net asset consist of
Share capital 497mil
Retained earning 523 mill
And perpectual sukuk 208million.
Question : Why perpectual sukuk is added in to asset ? What is the rational ?
Can any "Sifu/Master" here help to clear the doubt ?. Ths in advance

Steven. Thanks for your good comment. What happened if what u said is true ?
1) will declare impairment?
2) after WTE start COD, every quarter will declare loss from WTE operations for the whole 21 years ?

Good news ! Although only 0.58mil.

Daud sold 16mill shares on 25/5 with prices around$0.4
25/5 is considered late !
$0.40 is almost lowest price !
So, he is the first or last to run ?
Answer is the last !
This doesn't make sense !
He should be the first to run n sell at high price!!
Conclusion.
Its not true that he want to run.
Instead, he is force to sell his share due to margin call...
If he want to run,

Value88. I salute to you !,
Very professional analysis!
I strongly believe your explanations most likely had pin point the actual root cause for recent price dropped. To me, as long is NOT accounting fraud, others are small issues.
I believe the completion of their solar farm n WTE is the "Game Changer" . Once completed, everything will be difference...it is just a matter of time before completion....

Value88 are u sure not accounting fraud? If yes, i think this share worth buying as other issues become small (ESOS, PP, right issue, etc) with current entry level

Value88. Your point maybe possible reason. Another possibility is due to
Long term down trend(due to project delayed), worst when Daud disposed share n announced on 7/5 ,caused weak sentiment n margin call.

EPF dispose
1) 100k 13/5 before price crash
$0.75
2) 5 mill 24/5 during price crashing, price around $0.6
Means ;
EPF is more comfortable in 13/5 than in 24/5.
Question, why EPF NOT comfortable only in 24/5 ? Most likely is due to market crash...
This is just my speculation. Maybe wrong...

En Megat acquire company share can lead to 2 possible scenarios ;
1) others pay him money, just wayang
2) Cypark no big issue.
Current level is good chance to invest.
Lets think, 1 or 2 is more likely ??
Please note that Megat share is NOT in margin account. Whereas other big big bosses had pledged their share in margin acc..

Anybody got friends who work in Cypark ?He Maybe able to give some comment..

Encik Megat only holding 550k shares. Additional 100k means additional 20%.

CharlieM. Thanks for sharing Pledged security case study. Its show that if company bosses pledged their shares for funding. They may faced margin call...

Not all are bad news. One good news is their director En Megat had acquired 100k shares on 25/5...

Down trend
1)from Sep 2021 to Apr 2022 .
Price drop from $1 to $0.8
2) prior to 24/5 price collapse, share prices drop continuesly for 16 days without any rebound !!
These had caused panic !!!
When Daud disposed share n announced on 17/5, his action had trigger more selling. Then, everybody started panic including me....

CharlieM. Ths for sharing. Considered good news. Its best if Daud can explained why he disposed his share to clear markets doubt...

I am long term investor. But due to sharp share price drop since one yr ago, i was force to sell shares as per below to prevent margin call
19/5 0.12mill shares
20/5 0.13 mill shares
23/5 1 mill shares
24/5 2 mill shares.
My actions may accelerated price falling. After shares disposal, i had loss almost all of my capital....
I believe there are others investor who have similar situation, Force to sell due to price downtrend since one yr ago..

RISK888
I agreed with yr view. Bosses selling most likely to PREVENT margin call. Great analysis !