Gold at 1700 also cannot help

What happened?? Aqua killed the biz and now affected issuer

Gg

Creation of Serba Dinamik Junior

askhalan, good comment...lol

Final countdown

Looks like Dato wanna totally exit Serba Dinamik and focus on her new love here

KUALA LUMPUR (June 23): RHB Investment Bank Bhd has initiated coverage on Kumpulan Powernet Bhd (KPower) at RM2.40 with a "buy" rating and a target price (TP) of RM3.46, pegged to 14 times price-earnings for financial year 2021 (FY21), factoring in the recently proposed 35% share placement to employ a higher share base.

In a note today, the research house said KPower is "poised to transform into an energy and utility services player, following the entry of new shareholders and a management team since June 2019".

"We are upbeat about this stock, as it offers an exponential earnings compound annual growth rate of 149%, a potential doubling of its order book by end-FY21, superior return on equity, and has an undemanding valuation of 9.7 times."

With the introduction of new board members and management team, KPower is repositioned to be an end-to-end provider of concession-based renewable energy infrastructure services, focusing on hydro, solar, waste-to-energy and biomass, it added.

RHB said KPower's order book value is targeted to hit RM2 billion by end-FY21, adding that KPower has demonstrated its ability to win big contracts by securing about RM1 billion in new jobs over the past year.

"Its current bid value stands at RM3 billion, of which 65% is from the energy segment, followed by the infrastructure and utility sectors at 34% and 1%."

"40% of the tenders were secured from the Middle East, while the remaining are from Malaysia (20%), Nepal (17%), Indonesia (16%) and Laos (7%). KPower has also received queries to undertake projects in the Philippines."

"We believe these job opportunities — especially the one situated in the Middle East — leverage on Datuk Karim's (KPower non-executive chairman) connections, as he has a strong presence in the region," the note said.

"The recently announced 35% private placement will allow KPower to execute projects secured, as well as strengthen its balance sheet for future growth. A dividend payout policy of at least 20% potentially translates into FY20-22 dividends per share of 1.8-6.9 sen, implying yields of 0.7-2.9%."

RHB highlighted that key risks include change in government policies towards renewable energy, competition risks, and weaker-than-expected margins.

For the cumulative first nine months of FY20 (9MFY20), KPower recorded net earnings of RM5.5 million compared with a loss of RM1.8 million for 9MFY19.

RHB expects KPower's earnings for the fourth quarter of FY20 to be stronger on a quarter-on-quarter basis, on the back of higher billings from the existing contracts in hand, despite experiencing some disruption in the property development projects due to the Movement Control Order.

At 11.56am, KPower shed one sen (0.42%) to RM2.39.

Left hand, right hand. Looks like syndicate play

ALL

Madam sudah lari kuat kuat

Gunung berapi boleh meletup anytime

Dato refilled bullets again

All resolutions passed 100%. Good time coming....

Value trap

Board of Directors

Boringguy, Dato wanna sailang here. This stock will be the face for him. His role in Serba has been overshadowed by Dato Karim

June 22nd is just an EGM to approve all the resolutions. Share spilt gotta wait for BOD to announce the ex-date

Boringguy, actually I have the same feel. Dato wanna to increase his stake to at least 30%. And now it's just 24%++

iMedic not so well received by market. Look at the sales breakdown analysis, just some remaining sales from previous contract to Russia. Nothing from Msia?? Home country also kenot sell ker....

The banker always win. No matter it's only one day show for the recent biz deal. Insiders and gang quick to take profits

Orchestrated the recent job announcement before QR to make one round. Now back to square. Need to wait for next round

Plz look beyond QR. This stock is about transformation into a new animal spearheaded by Dato

Another 5.395m shares in Dato's bag

Very sour

Let c how much Dato tambah nasi during lunch break today

tualp, u so kind. Once it falls, it will go down all the way to 0.01. Be careful...

mni75, with Dato as the main driver of this co, anything is possible

Croxxx, look at the sky

Confirmed. Dato now no longer a major shareholder of Serba (< 5%). He will focus and grow his new baby. Sit tight and grow your wealth together with Dato. He definitely got BIG plan for his new love...

Dato still very hungry leh...

10.96mil shares

Dato tambah nasi again yesterday.

Dato got another RM18m from Serba disposal to sailang

Can, but not now.

Dato still got tonnes of bullets. This is just a restart of his buying spree.

Dato convert Serba shares into Cash to sailang here. Dato has collect so much bullets liao...the mine gonna explore geng geng soon

If can drop to 23.5 again, who wanna be private investor. Might as well buy from market. Hence, company sure must give some candy to entice wealthy investors to come on board at 23.5 with market price higher than that.

Guys, hold tight. Dato just liquidated 17m Sealink shares. It seems Dato's new love is Minetec. More to come and unfold......

Still steady....although market is volatile.
Someone still waiitng at 0.005???? Slow slow wait ar...

Forming a new base at 29.5 - 30 for next launch

Unnecessary knee jerk reaction now. Look beyond market volatility, a gem is priceless bcoz it can withstand all these challenges

Gloves bull sudah letih.
Now, the shining star is Minetec and this bull here is still young and energetic....

Half session already 300m transactions. Brewing...

Ron90, you are spot on.
FYI, Serba Dinamik just announced acquisition of Teluk Ramunia yard from Petronas. You can expect a lot of construction activities flowing down to both Kpower (in the process of diversifying into construction) and Minetec (with good raw materials supply for the construction). Hence, this co is getting rejuvenated into something BIG.
This is not a goreng stock, but will be groomed into a golden goose.
Dato Onion's recent disposal of Serba shares were picked up by Dato Karim....so you can see the whole picture now!!!
They are going to create a BIG empire with both Kpower and Minetec joining the party...

This month's QR will silent all naysayers

Dato will keep the momentum going. Technically, now it is at higher high (Nice!!!)

Wei Seeyounoup, u very lansi hor. See u no up......lol

By putting his own people in the board,. Dato sure got BIG plan for his new love - Minetec

A slew of changes in board. Dato appoints all his armies on board. Now Minetec becomes Sarawak stock. More contracts to come with the upcoming by election in Sarawak