time to collect

@Zax... just buy and wait..

Listing Date
23-Apr-2021
ESOS
Details
Share Issuance Scheme
No. of shares issued
46,816,480
Issue Price
Malaysian Ringgit (MYR) 0.320

cannot split... 0.40 no hope

The contracts are also related party transactions, as deputy chairman and group managing director Mustakim Mat Nun and group CFO Amirul Afif Abd Aziz are also directors of the project companies and have intention to acquire certain stakes in the project companies.

investor will start buying soon 2.84, now undervalued

2.84 easily

The contracts are also related party transactions, as deputy chairman and group managing director Mustakim Mat Nun (pic) and group CFO Amirul Afif Abd Aziz are also directors of the project companies and have intention to acquire certain stakes in the project companies

PETALING JAYA: A potential fund raising exercise could be in the offing for KPower Bhd to finance its large-scale solar power (LSS4) project and for other future expansion, say analysts.
The sustainable energy and utilities business related group on Monday announced that it secured four domestic engineering, procurement, construction and commissioning (EPCC) contracts worth RM510mil, where it will work on mini hydro power plants.RHB Research, in its latest report, said that it is upbeat on KPower winning the EPCC contracts.
This will put the group’s order book growth on track, the research unit said.
“We make no changes to our earnings estimate, as the company’s year-to-date win of RM1.1bil is still within our order book replenishment assumption, ” it added.
Assuming a cash call to enlarge its share base by 10%, RHB Research’s target price for KPower could be diluted to RM2.84 “if we assume no incremental earnings.
“All in, our outlook remains positive, as KPower has strong earnings growth potential – premised on its solid order book and handsome return on equity.”
“We are positive on the contract wins which come up to 32% of its RM1.6bil order book as of Q2’21 as it demonstrates the group’s capacity to secure contracts domestically.
“Three of these mini hydro power plants are in Pahang, while the remaining one is in Perak.
“This also marks its first EPCC contract win in Pahang, ” it added.
The contracts are also related party transactions, as deputy chairman and group managing director Mustakim Mat Nun and group CFO Amirul Afif Abd Aziz are also directors of the project companies and have intention to acquire certain stakes in the project companies.
RHB Research believed the projects could fetch gross margins of 15%-20%, which are comparable to other contracts secured earlier on.
In addition, the group’s recent venture into solar photovoltaic installation may also further strengthen its growth prospects, as it could ride on the wave of interest in renewable energy in Malaysia – if it is able to establish a track record.
The research unit is maintaining a “buy” call on KPower with an unchanged target price of RM3.12.
It noted that the downside risks to its call include lower-than-expected order book replenishment rate and project cost overruns.

行家建议：
拿下上述合约后， 威立集团截至6月底本财年，累积新合约达到12亿令吉，这仍在我们的预估范围内。
我们预计，该集团在2021至2023财年每年可拿下14亿令吉新合约，而该集团则预测今年拿下20亿令吉。
此外，该集团的手持订单也增加了约30%，达到22亿令吉。
我们继续看好威立集团，归因于全球对干净和永续能源的需求，和致力促进碳中和以应对气候变化的趋势，令可再生能源领域拥有亮丽前景。
此外，该集团持有22亿令吉绿色公用事业领域项目订单，同时还在竞标着34亿令吉工程，使其盈利前景和增长潜力强劲。
我们维持“买入”评级和2.31令吉的目标价，相等于2023财年本益比18倍。

AMInvest TP=2.31 RHB TP = 3.12
Average =2.71....

RHB
Reiterate BUY, unchanged MYR3.12 TP offers 51% upside with c.1%
FY21 (Jun) yield. We are upbeat on KPower winning four domestic
engineering, procurement, construction and commissioning (EPCC)
contracts worth MYR510m, where it will work on mini hydropower plants.
This puts its orderbook growth on track. We make no changes to our
earnings estimate, as the company’s YTD win of MYR1.1bn is still within
our orderbook replenishment assumption.

Secured four EPCC contracts worth MYR510m. KPower announced that
it has accepted a letter of award for four EPCC jobs on 5.25-18.7MW mini
hydro power plants, from various parties: Cabaran Hijau, Selat Serasi,
Denai Delima, and Koridor Mentari (project companies). The value of these
contracts range from MYR35m to MYR199m, and total MYR510m. The
smallest contract has the shortest duration of <14months, while the
remaining three contracts have a similar duration of <4 years (see Figure 1
for details). KPower and the project companies will enter into a definitive
agreement within 60 business days, from the date of acceptance.

Maiden EPCC contract win in Pahang. We are positive on the contract
wins (which come up to 32% of its MYR1.6bn orderbook as of 2QFY21), as
it demonstrates KPower’s capacity to secure contracts domestically. Three
of these mini hydropower plants are in Pahang, while the remaining one is
in Perak. This also marks its first EPCC contract win in Pahang. These
contracts are related party transactions, as Deputy Chairman and Group
Managing Director Mustakim Mat Nun and group CFO Amirul Afif Abd Aziz
are also directors of the project companies and have intention to acquire
certain stakes in the project companies. We believe these projects could
fetch gross margins of 15-20%, which are comparable to other contracts
secured earlier on.

Forecasts. Including these wins, KPower’s YTD wins increase to
MYR1.1bn. As it is still within our FY21 MYR1.3bn replenishment
assumption, we make no changes to our earnings estimate.

Still BUY. Our unchanged MYR3.12 TP is still pegged to 25x FY22F P/E.
We believe KPower could potentially raise funds to finance its large-scale
solar power (LSS4) project and for future expansion. Assuming a cash call
to enlarge its share base by 10%, our TP could be diluted to MYR2.84 if we
assume no incremental earnings. All in, our outlook remains positive, as
Kpower has strong earnings growth potential – premised on its solid
orderbook and handsome ROE. Its recent venture into solar photovoltaic
installation may further strengthen growth prospects, as it could ride on the
wave of interest in renewable energy in Malaysia – if it is able to establish
a track record. Downside risks to our call are a lower-than-expected
orderbook replenishment rate, and project cost overruns

waiting 2.00

just collect wait 3 mths..

2.50 easily

Date of change
23 Apr 2021
Name
MR ANG SEE MING
Age
50
Gender
Male
Nationality
Malaysia
Type of change
Redesignation
Previous Position
Independent Director
New Position
Independent Director

Executive director Vincent Tan Wye Chuan told StarBiz that this is a timely opportunity for the company to enter the oil bunkering sector on the back of renewed optimism due to worldwide rollouts of Covid-19 vaccination programmes. (File pic shows a bunker supply ship loading fuel to a vessel.)

so many people recommend this share ..be careful

below 0.40

no power...

The Board of Directors of KPower (“Board”) is pleased to announce that KPower Engineering Sdn Bhd (formerly known as Hypergize Link Sdn Bhd) (“KPEng”), a wholly-owned subsidiary of KPower, has on 26 April 2021 accepted the letter of award for contract works of approximately RM510,000,000 from the following:-

a) Cabaran Hijau Sdn. Bhd. (“CHSB”) to undertake amongst others, the engineering, design, procurement, construction, commissioning and completion of a 18.7 MW mini hydro power plant in Sg. Jelai Kecil, Mukim Jelai, Daerah Lipis, Pahang Darul Makmur, for a contract price of RM199,159,192.83 (“Project 1”) (“LOA 1”);

b) Selat Serasi Sdn. Bhd. (“SSSB”) to undertake amongst others, the engineering, design, procurement, construction, commissioning and completion of a 13.9 MW mini hydro power plant in Sg. Telom, Mukim Hulu Telom, Cameron Highland, Pahang Darul Makmur, for a contract price of RM148,038,116.59 (“Project 2”) (“LOA 2”);

c) Denai Delima Sdn. Bhd. (“DDSB”) to undertake amongst others, the engineering, design, procurement, construction, commissioning and completion of a 12 MW mini hydro power plant in Sg. Lemoi, Mukim Hulu Telom, Cameron Highland, Pahang Darul Makmur, for a contract price of RM127,802,690.58 (“Project 3”) (“LOA 3”); and

d) Koridor Mentari Sdn. Bhd. (“KMSB”) to undertake amongst others, the engineering, procurement, construction, commissioning and completion of a 5.25 MW mini hydro power plant along Sg. Kampar, Kampar, Perak Darul Ridzuan, for a contract price of RM35,000,000 (“Project 4”) (“LOA 4”).

3.00 soon

1.8...aduh

OTHERS TECHFAST HOLDINGS BERHAD - Offer and Grant of Options under Share Issuance Scheme ("SIS")

TECHFAST HOLDINGS BERHAD
TypeAnnouncementSubjectOTHERS
DescriptionTECHFAST HOLDINGS BERHAD - Offer and Grant of Options under Share Issuance Scheme ("SIS")

Reference is made to the earlier announcement dated 9 April 2021 in relation to the SIS. The Board of Techfast Holdings Berhad ("Techfast" or "Company") wishes to inform that the eligible persons have chosen not to accept the options offered on 8 April 2021 granted to them.
 
Pursuant to Rule 9.19(51) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, Techfast wishes to announce that it has offered options to the eligible persons under its SIS : 
 
(a) Date of offer: 19 April 2021
 
(b) Exercise price of options offered: 0.3204
 
(c) Number of options offered: 83,816,479
 
(d) Closing Market Price of the Company's share of the Date of Offer: 0.325
 
(e) Number of options offered to Directors of Techfast: i. Tan Wye Chuan - 35 million shares;
                                                                                      ii. Datuk Nur Jazlan - 1 million shares; and
                                                                                      iii. Ang See Ming - 1 million shares
 
(f) Vesting period of options offered: Not applicable
 
This announcement is dated 19 April 2021.

look like nothing relate with Oil bunking business..haha.. just dump

0.30 cents got big volume,sure they dump 0.30 ….below 0.30 soon

yes...hopefully this company really need fund for business not for cheating shareholder

money flow to glove

oversold..rebound soon

hopefully this company really for future business not hanky panky punya...if you read the proposal,very good..

Accordingly, the Proposed Share Split is in compliance with Rule 6.31(1A) of the ACE
Market Listing Requirements of Bursa Securities ("Listing Requirements"), which
requires the adjusted price of a Share to be not less than RM0.20 based on the daily
VWAP of the Shares during the 3-month period up to the LPD, pursuant to the provision
under Rule 13.04(1) of the Listing Requirements.
In determining entitlements under the Proposed Share Split, fractional entitlements, if
any, shall be dealt with in such manner as the Board in its absolute discretion deems
fit and expedient, and in the best interest of the Company

KUALA LUMPUR (April 15): Techfast Holdings Bhd has proposed to split one existing share into two units and undertake a rights issue of up to 909.2 million new shares to raise money which will finance the working capital requirements of the group's existing businesses under a corporate revamp, which will see Techfast sell its core self-clinching fasteners and industrial components manufacturing operations.
In a Bursa Malaysia filing yesterday, Techfast said proceeds raised from the rights issue of new shares and free warrants was intended to fund working capital requirements of Techfast's existing business, which includes oil bunkering and trading of petroleum products.
According to Techfast, the company also yesterday (April 14) entered into a conditional share sale agreement with Lu Eng Shean for the proposed disposal of Techfast's 100% equity interest in Techfast Precision Sdn Bhd (TPSB) for RM6.1 million.
"TPSB is principally involved in the manufacturing and distribution of specialised fasteners and related precision turning and machining parts for the electronics, telecommunication, computer peripherals and automotive industries.
Due to advancements in the assembly process of computers and televisions, the main products of TPSB i.e. self-clinching fasteners and precision turning parts are becoming obsolete and are experiencing lower demand and orders received are usually in smaller quantities, which had resulted in lower production efficiency and a business that is no longer scalable, as evident by the decreasing profit after tax recorded.
"TPSB also faced increased competition from China as well as India in recent years, which has resulted in compressed profit margins and even though the management has been keeping operating expenses to a manageable level, the business has lower profitability as evidenced by the profit after tax recorded of only RM171,533 for the latest financial year ended Dec 31, 2020.
"As such, to reduce the cost of maintaining the operations of a low-profit business, the board has decided to undertake the proposed disposal and the proceeds raised from the proposed disposal will be used to fund Techfast group's other business activities that are more profitable," Techfast said.
On the one-to-two share split, Techfast said that upon completion of the corporate exercise, the company's number of issued shares will increase from 349.69 million to 699.39 million under the minimum scenario, which assumes none of Techfast's employee share option scheme options are granted and exercised prior to the implementation of the proposed share split and that the proposed rights issue with warrants is undertaken on the minimum subscription level.
"The board intends to undertake the proposed share split to reward the existing shareholders of the company in the form of subdivided shares for their loyalty and continued support as the proposed share split serves to increase the number of Techfast shares held by the company's shareholders at no cost to be incurred by the shareholders, while maintaining their percentage of equity shareholding held in the company," Techfast said.
Techfast said the share split may result in improved trading liquidity of Techfast shares and widen the shareholder base of the company.
Meanwhile, Techfast said its renounceable rights issue will involve up to 909.2 million new shares on the basis of one rights share for one existing Techfast share and up to 454.6 million free detachable warrants on the basis of one warrant for two rights shares subscribed for.
Techfast said it will fix the issue price of the rights shares at a later date.
"For avoidance of doubt, while the proposals are not inter-conditional, it is the intention of the board to complete the proposed share split prior to the implementation of the proposed rights issue with warrants.
"Assuming all the entitled shareholders subscribe in full for their respective entitlements of the rights shares, the proposed rights issue with warrants would entail the issuance of 909.2 million rights shares, raising total gross proceeds of RM109.1 million," Techfast said.
Barring any unforeseen circumstances and subject to all required approvals being obtained, the share split, rights issue with warrants and TPSB disposal proposals are expected to be completed in the third quarter of 2021, according to Techfast.
UOB Kay Hian Securities (M) Sdn Bhd has been appointed the principal adviser for the proposals, Techfast said.

soon 0.30

don't buy.….

trap......u put 0.35 also sell to you

don't buy......keep drop

377k 0.355 gone...haha

行家建议：
威立集团参与竞标的合约价值高达39亿令吉，其中75%为再生能源相关合约；我们预料未来数个月内，该集团将陆续宣布在东南亚和中东地区获得的工程合约。
这可让威立集团迈向我们给出的本财年获得14亿令吉新合约的预期。
威立集团本财年（截至6月底）的目标，是拿下20亿令吉合约；财年至今，已拿下7亿360万令吉的合约。
目前，该集团手持的未完成合约高达17亿令吉。
我们继续看好威立集团，主要是因为再生能源业务拥有光明的前景；以及强劲的手持合约及竞标合约总数，让其盈利前景是清晰的。
作为小型再生能源业者，我们预计威立集团本财年拥有超过100%的增长潜力，2022财年也可能增长超过40%。
继续给予2.31令吉目标价，考虑到股价已大幅回调，因此上修评级至“买入

Today 0.60

Good management

Techfast Group is principally engaged in the Petroleum Trading Business and the
manufacturing of mould cleaning rubber sheets as well as the trading of epoxy
encapsulant materials for optoelectronics industries.
As set out in Section 5.3 of this announcement, due to advancements in the assembly
process of computers and televisions, the main products of TPSB, i.e. self-clinching
fasteners and precision turning parts are becoming obsolete and are experiencing
lower demand and orders received are usually in smaller quantities, which had resulted
in lower production efficiency and a business that is no longer scalable, as evident by
the decreasing profit after tax recorded. As such, to reduce the cost of maintaining the
operations of a low-profit business, the Board has decided to undertake the Proposed
Disposal and the proceeds raised from the Proposed Disposal will be used to fund
Techfast Group's other business activities that are more profitable.
Further, the Proposed Rights Issue with Warrants is undertaken to raise maximum
proceeds of RM109.11 million, of which RM88.26 million will be used to fund Techfast
Group's working capital requirements i.e. the Petroleum Trading Business and the
manufacturing of mould cleaning rubber sheets and the trading of epoxy encapsulant
materials for optoelectronics industries and other general expenses. As at the date of
this announcement, Techfast Group has already secured contracts to supply petroleum
products (i.e. marine fuel oil and marine gas oil) with a total estimated contract value in
excess of RM 2.00 billion and up to RM74.15 million from the proceeds raised will be
used to fund the working capital requirements of the Petroleum Trading Business.
As set out in Section 3.8 of this announcement, subsequent to the Acquisition which
was completed on 24 March 2021, CCKSB had become an associate company of
Techfast Group. The Acquisition comes with a total profit guarantee of RM10.00 milllion
for 2 financial years up to FYE 31 December 2022 of CCKSB and the Acquisition is
expected to be earnings accretive to Techfast Group.
In addition, up to RM20.00 million of the proceeds raised from the Proposed Rights
Issue with Warrants shall be utilised to finance any suitable and viable potential
business(es)/ investment(s), within 24 months from completion of the Proposed Rights
Issue with Warrants. As potential acquisition(s) of business(es)/ investment(s) may cost
a substantial amount, the proceeds raised from the Proposed Rights Issue with
Warrants may allow the Group to capitalise on suitable and viable investment
opportunities as and when it arises, which in turn may generate positive returns to the
Group in the future.

DescriptionTECHFAST HOLDINGS BERHAD ("TECHFAST" OR THE "COMPANY") I. PROPOSED SHARE SPLIT; II. PROPOSED RIGHTS ISSUE WITH WARRANTS; AND III. PROPOSED DISPOSAL (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

On behalf of the Board of Directors of Techfast ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake the following:-
i.          share split involving the subdivision of every 1 existing ordinary share in Techfast ("Techfast Share(s)" or "Share(s)") held on an entitlement date to be determined and announced by the Board at a later date into 2 Techfast Shares ("Proposed Share Split");
ii.          a renounceable rights issue of up to 909,204,618 new Techfast Shares ("Rights Shares") on the basis of 1 Rights Share for every 1 existing Techfast Share held, together with up to 454,602,309 free detachable warrants in Techfast ("Warrant(s)") on the basis of 1 Warrant for every 2 Rights Shares subscribed for, on an entitlement date to be determined and announced later ("Proposed Rights Issue with Warrants"); and
iii.         the Company had on 14 April 2021 entered into a conditional share sale agreement with Lu Eng Shean  for the proposed disposal of its 100% equity interest in Techfast Precision Sdn Bhd ("TPSB"), comprising 8,000,000 ordinary shares in TPSB for a disposal consideration of RM6,100,000 to be satisfied entirely via cash ("Disposal Consideration") ("Proposed Disposal").
(The Proposed Share Split, Proposed Rights Issue with Warrants and Proposed Disposal are collectively referred to as the "Proposals").
Further details on the Proposals are set out in the attachment

Good..40 sen soon

2.31 firsr resistance

KPOWER Bhd (code:7130) made a strong advance towards the 50-day simple moving average (SMA) yesterday, which ended the sideways trading it has been seeing since March.
The stock also broke through the descending trend line that began since it fell off its peak on Jan 19. However, a more convincing signal of a sustained recovery would be a bullish crossing of the 50-day SMA, which would signal strong bullish sentiment and increased buying interest as the stock resumes its recovery.
Failing to do so, the share price could succumb to profit-taking and return below the descending trend line, indicating sustained downward pressure.
Reinforcing this view, the short-term 14 and 21-day SMAs remain in horizontal positions and are uncommitted to a rally. As such, further positive sessions would help to turn the averages in a favour of an uptrend.
Overhead, the counter is eyeing a resistance of RM2.31, its most recent high that in surpassing would confirm the resumption of a short-term uptrend.
Higher still on the chart is the next resistance of RM2.61.
The counter saw a return of trading volume yesterday, arriving at levels not seen since early March.
The technical indicators were also bullish with the slow-stochastic advancing past 60 points while the 14-day relative strength index edged higher into overbought territory at 71 points. The latter indicator remains healthy and can push higher still into more extreme overbought levels.
The daily moving average convergence/divergence line has also crossed above the signal line and is pacing higher, reflecting the onset of a bullish momentum.
To the downside, support is found at the stock’s recent low of RM1.85. Next support is found at RM1.75, a negative breach of which would see the counter return to a correction trend.
The comments above do not represent a recommendation to buy or sell.

分析：兴业投行研究
目标价：3.12令吉
最新进展
威立集团（KPOWER，7130，主板科技股）2021财年次季，净利劲扬近4倍，归功于本地和寮国工程、采购、建筑和测试（EPCC）活动带动。
该集团次季净赚925万2000令吉，或每股11.68仙，远胜上财年同季的186万令吉。
同时，次季营业额报9006万4000令吉，相比上财年同季的1363万6000令吉，按年暴涨5.6倍。

2.5

coming soon

be patient

busy calculate money, that why delay...haha

Soon back to 0.6 level,CPO 4100 soon