i think not COD yet, the news said now only the incinerator is open for testing on burning, while the rest of the facility is not granted to open yet by authority. So legally speaking, it is not COD yet. may be i am wrong, can any 1 verify?
why is the Bimini's assets recognised additional impairment loss of RM71m? it had aldy impaired in the past with accumulated amount of about RM300m as at 31/12/21. I actualy expect GENM starting to reverse all these impairment loss gradually due to the economy slowly turn good, but who know this Qtr still recognised RM70mil.
what happen to RW Binimi ? If not bcz of these RM70mil loss, this QR PATAMI would be +ve ady.
any 1 know that what happen to the Tanjung Jati A Coal Fired Power plant project at indonesia, whereby YTL Power investing via its 80% subsi. heard that the project is called off due to environmental issue.
US very smart , send a joker to visit taiwan, make the next door big brother angry, and fire the missile over. hahahah ... then can kill china, taiwan economy, development, its people. and US continue to growth stronger and stonger.
cannot understand what is Rzli intention, keep on disposing at open market, now he only owned 2.0%+, from 6% early this year. why cant he sell to some1 thru direct biz transaction? and why he throw at such low price, see the price he sell recently is really low leh, lower than ESOS subscribed price / IPO price. he is like foreseeing something bad will happen so fire sell now dun care sell at loss.
on the other hand, the CEO also selling but explained the selling is due to margin call. and telling public that the WTE LSS2 will complete Sep 22 , very soon. telling ppl about the biz model of cypark with huge debt is normal, and so on. what he tried to do is to calm public down.
so there the action from these 2 brother is very contradict to each other.
dun be fooled by the dividend play, if the ability to maintain the future cash flow is damaged due to the recoverability issue of the ICPT, same will happen to the ability to pay dividend. layman term, if the company cannot collect it debt via its customer or government, how can he continue to pay u dividend from his bank account??
do not apply intrinsic value so much on this company, this is not a normal company, u will fail totally if blindly follow intrinsic value.
ask ur self, what the hell both founder dispose such a large number of shares? ur DCF may tell u this and that, but all is ur own assumption, the truth is how solid is ur assumption? if everything is so good, why not the founder buy now at 30cent?
simply look at FS will know that the earning come from casino. it is not secret anyway.
see, ask urself simple question, did u expect genm to make profit in Q1 2022 bcz of economy open due to omicron less severe, CNY every1 went up to genting, all the road jam up and down the hill, how crowed it was, how long queeu it was for makan makan, theme park and so on. especially the effect was boosted by our lovely social media. all ppl jz THINK genting sure making big profit, bcz Q4 2021 it ady making profit. compare Q1 2022 against Q4 2021, every1 will said Q1 2022 better than Q4 2022 for genting. i am sure no 1 against it, right?
But in the end, Q1 2022 result came out it still a loss. so lesson learned, do not trust something easily, do more research. Investing is about being fair and not being bias to something, u trust on something and hence u buy the stock. but did u put ur most effort to VERIFY on this thing.
dun think the govt can stll continue hold the tariff remain low like now, even taking into consideration of GE. look at sales tax exemption for car, govt did not extend. look at chicken price, egg price, govt jz announed they are no longer 'price controlled' food, mean up to market to decide price.
so with this, i think govt will adjust the electricity tariff later no mater how. we are talking about GLOBAL INFLATION, look at the coal price and gas price now, how can TNB sustain without adjusting the ICPT moving forward.
dun get trusted easily on the hotel room fully book. u judge hotel fully book by:
- u felt the crowd when you were at genting. so u think the room is 'fully' book. do u know the % of day tripper is increasing now? - u go and book the genting room and hence know the availability of the room is getting lesser and even not available until probably next month. but do u know that how many rooms % did genting release currently? Has genting has fully release it hotel room ady currently?
any1 saw how much Cap A used in Q1, it has used about MYR900mil and only left with RM300mil, next round of funding will come very soon. pity all the money funded via various way such as right issue, private placement, sabah state loan, others. All of it jz gone/burned like that.
any idea what the channel of next fund raising exercise?
when covid happen in mar 20, AA drop like shit to 50cent and ppl said buy and hold patiently for maximum2 yrs, sure AA will go back to RM2. see what happen now, now is June 2022, did AA go back to RM2, it is still at 60cent.
then ppl start to say, give it another 2 yrs, wait until 2024, SURE AA can go back to pre-covid share price. and ppl keep finding all excuses to convince themselves that invest in AA is long term.
so imagine 2024 came, and AA remain 60-70cents, so what action u take? u have wasted 4 yrs ady, continue to wait for another 2yrs and keep on finding all non sense reason and convince urself to be patient/ be long term investor and so on??
@steven832, agreed that the solar project margin getting thiner and thiner due to the lower selling price to TNB via PPA, and increase in solar panel cost. that the reason that cypark lost the bidding for LSS4, bcz they bid at higher than average price and do not mind to lose the bidding and let other industry players to win the LSS4 projects. Cypark alwz do those project that give them high margin, if u look at the historical PnL, their margin is considered high compare to other (hard to compare oso bcz solarvest, samaiden, pekat is EPCC contractor).
cypark only act as EPCC for its 3 LSS2 projects so there is no more income will be coming other than maintenance once its COD. for LSS3 once its COD, cypark as the asset owner will only able to generate considerate margin and will not be high.
@CharlieM, is the article mentioned about the Directors getting margin call? no right.. it only said share price drop due to margin call, but it dint said the margin call is came from Directors. that the doubt still remain unknown.
now the number of passenger carried is stiil far low compared to precovid. only about 30% of what they used to have. (Q1 2022: 3.7mil: Q1 2019: 12,5mil). coupled with the high fuel cost now, little bit hard for AA to achieve the pre-covid profit level.