In order for people to buy your stories, do make an effort to at least explain the rationale behind words like "no hope", "finished" etc..get it? He.he..
Agree with fxlee...techiccally operator push down ti let u all out...if will come again.if u can hold..enter by 0.195 or 0.11 for son will get runtung by future.u can see techicsal stock rotate goreng....why asiabio want 2 buy vsolar ar 0.19 to 0.20...u think they want 2 throw money 3 laut meh?if u eant to play dayyrade u can enter systech ...ufcamsc...but risk is very high liao...
After the current Ace tech stocks rally is over, the target will shift to those renewable energy related stocks like Vsolar. Vsolar will lead all other stocks that related to renewable energy to go up one after another.
The performance of the group is expected to improve later in this financial year upon the commencement of operation from the solar plant where income from sales of renewable energy starts to flow in.
overall operator is push down most of the market counter....so that they can collect cheaper...when all retailer has been outor decrease...they push up again to gain big earning...
@stockker: I do not think the cumulative 6-mth sales revenue up to end-Jun14 include the solar energy sale to Tenaga. If I am not mistaken, that should have kickstarted in Dec 2013, or did I miss out something, anyone?
@stockker: if you are looking for some indicative revenue potential of the tenaga deal, there is an indicative amount of some RM 17 mill in their 2013 proposed diversification announcement. Inception of the Tenaga agreement is believed to be 1 Aug 2013.
Let's open this up for fellow participants to comment. I am merely extracting info from past announcements, and hopefully some fundamentalist(s) can help to shed further light.
Review of performance The Group recorded a revenue of RM0.125 million with loss before taxation of RM1.427 million for the financial period ended 30 June 2014 as compared to revenue of RM0.607 million with loss before taxation of RM0.735 million in the preceding period correspondence.
The decrease in revenue was mainly due to dwindling demand and sales in media publishing and IT hardware trading during current quarter. On the other hand, the other income had decreased from RM0.254 million to RM0.044 million due to the lower interest income received from fixed deposit during the period.
This is the result of fund utilisation for the construction of solar farm projects at Simpang Pulai, Perak. The administrative expenses had been increased by RM0.382 million compared to previous correspondence period due to increase in salary, professional fees and marketing expenses. Consequently, the impact of the increasing in administrative expenses have resulted in the Group to record a loss before taxation of RM1.427million as compared to the corresponding preceding period of RM0.735 million.
The total assets for the Group amounted to RM15.765 million as at 30 June 2014, a decrease of RM1.619 million from RM17.384 million as recorded in previous financial year. Although the total assets had decreased, however the group had reported a RM11.423 million non-current assets, an increase of approximately RM3 million due to capital work in progress on solar plant at Simpang Pulai.
For the financial period under review, the loss per share attributable to ordinary equity holder increased to 0.52 sen per share from the loss per share of 0.22 sen per share for previous financial period due to higher loss incurred during the current period. The performance of the group is expected to improve later in this financial year upon the commencement of operation from the solar plant where income from sales of renewable energy starts to flow in.
VSOLAR GROUP BERHAD [631995-T] (Formerly known as Fast Track Solution Holdings Berhad) UNAUDITED INTERIM FINANCIAL REPORT FOR SECOND QUARTER ENDED 30 JUNE 2014 10 | P a g e B3. Current year prospects – cont’d Notwithstanding the opportunity in digital content creation, the Group had diversified its business into renewable energy and media publishing. The Group had entered into a Renewable Energy Power Purchase Agreement on 1 August 2013 with Tenaga Nasional Berhad (“TNB”) for the sale and delivery of 500KW solar renewable energy to Tenaga Nasional Bhd for a concession period of 21 years. Vsolar is also realigning its business strategy along the current Malaysia Government Renewable Energy Policy. SEDA is expected to announce and open up more Feed-in-Tariff (FiT) quotas in the coming year and Vsolar shall continuously bid in SEDA Malaysia's FiT tender and grow its current solar power generation plant from 500KW to maximum limit allowed by individual company. Additionally, the Group had also entered into a business agreement with Integrate Solar Farm Sdn Bhd to build & construct a 500KW Solar Plant for the generation of green electricity.
refer to CYPARK for the revenue from solar power (below) -------------------------------------------------------------------------------------------------------------------- “Starting from year 2013, Cypark expects to generate annual combined revenue of up to RM45 mill from the implementation of 33 MW solar farms alone and the revenue will be recurring until year 2033,” said Group chief executive officer Daud Ahmad.
Cypark would start receiving payment from TNB within 21 days after monthly billing was issued. The total green energy sales from the 8MW solar plant wa estimated at RM11 million annually.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
juinming0304
1,161 posts
Posted by juinming0304 > 2014-11-10 22:50 | Report Abuse
NO HOPE !