hi, how come so silence after the AGM? Anyone mind to share the details of the QnA during AGM here?

Hi @vivientac, can share the AGM QnA here? Thanks.

Agreed with Shadow Fiend. Growth prospect is my main concern as well. Appreciate if anyone could place the QnA during AGM here?

Hi, can record the streaming and share? Eager to join but couldn't make it..

Ya, after earning super profit, need to pay back its ballooning debts. Some more, not sure when wte can really commission considering lockdown persists? Is it really a good investment?

Hi helang82, slvest got LSS3 before? Which subsidiary?

Hi vivientac, my application to join AGM was rejected. Have to ask your help liao.. Appreciate your help to share all the QnA here, or pm?

Hi viviemtac, the revenue of scicom is dependent on number of headcounts, right? Normally this number is determined by scicom's customer, or scicom itself?

Hi FML30000, may I know how to get such info? Is it published somewhere?

Thanks @vivientac

There is one saying: big tree would attract wind. Guys, I am not trying to say bad thing abt TOPGLOV ya, I just wanna voice out the fact here:

Covid makes all peoples around the world suffer, but glovemakers laugh all the way to the bank as they make unprecedented profit. Meanwhile, the Tan Sri came out and proudly say that TP intends to become the highest market cap in Bursa.

Before covid, Topglov profit is so-so. However, we must understand that this kind of covid-related profit is unprecedented, and glovemakers are making profit from the suffer faced by all around the world. In terms of moral, well, one might say this is inhuman (rising ASP some more during this hard time).

No hard feeling ya. Just my opinion.......

Hi vivientac, thanks. I have registered this morning. Not sure they would allow me to join though as I bought the shares on 23rd NOV.

By the way, if I could not attend, would appreciate if you can find out the following:
(1) The sales in Singapore, US and UK have been dropping since few years ago, and the sales in Malaysia is picking up. May I know is there any business diversification strategy taking place in the Company?

(2) Is Scicom working together with other online shopping platforms such as Shoppee and Lazada?

(3) What would be the financial impact on the company if the company lost in the law suit case? How the company mitigate the risk?

(4) What is the business prospect of the Company in the year coming? How the company stays ahead of other competitors?

I eager to go but couldn't as we must buy before 20TH nov in order to attend AGM?

can anyone record down and QnA and share? Thanks you in advance

Hi amilytay, coz I just buy today. Not eligible to attend AGM :-)

Can somebody ask about the legal case during agm? Thanks.

ya true true, let's the party on hahaha

Good bsklshark for your PE analysis. If everybody invest based on PE, I think all of us can get rich easily.

If building power plant requires high capex thus high gearing, why the gearing level for MFCB is way lower than cypark? And MFCB has been very good in their cash management. Personally, the level of competency of cypark management is very questionable..

Karlos seems bullish now as compared to last time when EPF and directors keep on disposing their shares?

Thanks Fundamentalist91 for your info.

An engineer from WTE told me it might take 6 months - 1 year to complete.

I guess even cypark is given project, the only way he would fund is via private placement/right issue, means more shares and diluting our EPS...I believe bank borrowing would be the last option as gearing is too high...

Good luck guys..

epf got many fund managers. It is not surprising if they buy/sell at the same time

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.

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.

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.

Hi Aries, are you sure Slvest is the leader in solar technology? Don't simply say le

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.

Jackson Ong, u r able to predict share price?

kotatata, why r u talking to yourself?

ya, previusly was announced on OCT. But during MCO, their 1QR and 2QR were delayed 1 month. Not sure whether 3QR will be delayed as well?

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.

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.

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.

anyone can share the link of the recorded video with EqutiesTracker?

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?

Hi Karlos, come, press down the price till the management earn nothing from ESOS. We need your help to release our frustration here.. Come come

newbie8080 I like what you wrote. Unlike KYY, always boasting around the shares he bought. He is not professional at all and I truly shame on him.

hi yong, may I know why you doubt that Razali did not own these shares by margin account? Any info?

Well, did you attend the AGM?

And, try to think if you're Razali, before MCO, he did not bother to sell his shares aggressively. But, whenever the share price down, he sold it. He kena margin call as most of his shares are owned by investment banks.

Hi yong1985cm, it is not Razali who disposed. It is his investment bank that disposes Razali's share.

How come PBInvest said WTE expected to be commissioned on July 2021, while Zuraidah said by end of 2020? https://themalaysianreserve.com/2020/09/23/another-due-date-for-countrys-1st-wte-plant/

Ya, management wise I have no comments. It is delayed since 2018, no thanks to the contractor of cypark, saying geographical problems la, hard road access la, bla bla.... But cypark has changed the main contractor. Previously I think was KNM

Karlos, please observe carefully the selling price of this major shareholder on 23/9/2020. It is RM934,200.00 for 1,080,000 shares, i.e. RM 0.865.

My point is, why don't he sell earlier at say 21/9/2020 or even earlier than that, where the price is still > RM 0.90?

The reason is obvious. Market sell down cypark shares. And, the director kena margin call.

wah EatCoconutCanWin , you got proof or not? Dun simply say le...

Hi sephirohn12, after the WTE is completed and tested completely, the gov should pay back all the construction fee of WTE?

solarvest is indeed a "strong" goreng stock. So scary...

so funny, this hng33, always tell us your buying and selling price. Please, serve this forum as a platform for cypark prospect discussion.

HI hng33, I think the prospect of CYPARK is not relevant to you as you are short-term trader I guess?

Hi KLCI King, you said that Kajang WTE is a failure? May I know what you mean by that?

Hi KLCI King, another question, since u said that cypark low PE is due to high cost per MW, how u explain SLVEST with PE ~ 70?