TEX CYCLE TECHNOLOGY (M) BHD

KLSE (MYR): TEXCYCL (0089)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

0.935

Today's Change

-0.01 (1.06%)

Day's Change

0.93 - 0.955

Trading Volume

777,400


1 person likes this.

388 comment(s). Last comment by Lee Ying Yee 1 month ago

Posted by S8Investors > 2016-08-09 17:35 | Report Abuse

Tex Cycle (P2) Sdn Bhd, a wholly-owned subsidiary of Tex Cycle Technology (M) Berhad has obtained approval from SEDA to build and operate a renewable electrical energy power plant with a capacity to supply 2 MW per hour of electricity to Tenaga Nasional Berhad. The approval granted is for a period of 16 years, commencing no later than 28th January 2018.

Posted by Contrakaki > 2016-08-09 17:40 | Report Abuse

Will it be a catalyst to move up?

Posted by S8Investors > 2016-08-12 12:55 | Report Abuse

2. The expected date of signing of the power purchase agreement (“PPA”) with Tenaga Nasional Berhad is January 2017 at a fixed tariff rate of RM0.4766 per kWh for sixteen (16) years.

0.4766 * 2000kWh (2MWh) * 24 hours * 365 = RM 8mil revenue

120% MORE THAN FY15 REVENUE (RM 6.5mil)!!!!!!

Posted by Contrakaki > 2016-08-12 13:33 | Report Abuse

Thanks for the info S8Investors. Much clearer picture we have now :)

oren

69 posts

Posted by oren > 2016-08-14 20:37 | Report Abuse

Price keeps dropping.

Posted by NorthernStar > 2016-08-15 07:51 | Report Abuse

How many years is the PPA with Tenaga?

Posted by NorthernStar > 2016-08-15 07:53 | Report Abuse

What is the investment cost of the power plant?

bigbigboss

441 posts

Posted by bigbigboss > 2016-08-18 18:31 | Report Abuse

revenue and profit drop

PeterNg

409 posts

Posted by PeterNg > 2016-10-12 17:28 | Report Abuse

Drop Further.

Hunter2016

319 posts

Posted by Hunter2016 > 2016-10-12 17:30 | Report Abuse

Double top, may drop back to 0.50

PeterNg

409 posts

Posted by PeterNg > 2016-10-13 16:37 | Report Abuse

Can reach 0.50 will be great buy.

PeterNg

409 posts

Posted by PeterNg > 2016-11-07 18:20 | Report Abuse

Going to break the support level.

vxpoison

1,906 posts

Posted by vxpoison > 2017-02-19 15:47 | Report Abuse

kambingggggggggggggggggggggg

kyosan

786 posts

Posted by kyosan > 2017-04-04 14:30 | Report Abuse

another wave coming... new power plant commence...

Posted by passion_investor > 2017-04-20 16:19 | Report Abuse

any good news for this counter? is flying....

tan8620

38 posts

Posted by tan8620 > 2017-04-20 17:05 | Report Abuse

it is on uptrend...

prince4

1,456 posts

Posted by prince4 > 2017-07-18 09:58 | Report Abuse

wait 1.00 buy

WM Niaga

1,406 posts

Posted by WM Niaga > 2017-07-25 11:47 | Report Abuse

ok..ok

Posted by TanTeeHean > 2017-08-13 21:44 | Report Abuse

Tex Cycle (P2) Sdn Bhd, a wholly-owned subsidiary of Tex Cycle Technology (M) Berhad has obtained approval from SEDA to build and operate a renewable electrical energy power plant with a capacity to supply 2 MW per hour of electricity to Tenaga Nasional Berhad. The approval granted is for a period of 16 years, commencing no later than 28th January 2018.

Very Confusing statement. It is 2MW or 2MW per Hour? Both refer to different items.

Tripaka

2,832 posts

Posted by Tripaka > 2017-08-18 10:43 | Report Abuse

Qr good, declared 2nd dividend, proposed bonus issue....what will happen to this counter mid term?

Posted by S8Investors > 2017-08-18 13:46 | Report Abuse

Seems like the corporate actions were not enough to pish the price further

VenFx

14,784 posts

Posted by VenFx > 2017-08-20 14:09 | Report Abuse

Guys,

I'm surprise to find out the new P.P. has ask for $0.770 per piece ; what made Texcyl price the p.p. at such premium price ... anyone can enlighten me ? Tq

Posted by i3longterminvest > 2017-08-26 12:37 | Report Abuse

VenFX you mean the power plant 0.77 per kWh?

VenFx

14,784 posts

Posted by VenFx > 2017-08-26 22:15 | Report Abuse

Hi ! i3longterminvest ,

What I meant is the private placement asking price at 0.770 ; doesn't it seemed at premium rated ?

PeterNg

409 posts

Posted by PeterNg > 2017-11-16 23:11 | Report Abuse

On 2 August 2016, Tex Cycle (P2) Sdn Bhd had obtained approval from Sustainable Energy Development Authority Malaysia
(SEDA) to build and operate a renewable electrical energy power plant with a capacity to supply 2 MW per hour of electricity to
Tenaga Nasional Berhad through a power purchase agreement ("PPA"). The approval granted is for a period of 16 years,
commencing no later than 28th January 2018.

The PPA with Tenaga Nasional Berhad was signed on 2 February 2017 at a fixed tariff rate of RM0.4766 per kWh for sixteen
(16) years. The electrical energy power plant ("EEPP") is located at Tex Cycle (P2) plant. The EEPP will have an installed
capacity of 2.5 MW per hour. Construction of the EEPP commenced in January 2017 and was expected to be completed in the
last quarter of 2017. However, subject to finalisation of the substation by the relevant authorities, there may be a delay.

PeterNg

409 posts

Posted by PeterNg > 2017-11-17 09:03 | Report Abuse

Summary
RM0.4766 KWH
2.5MKW >>60M x RM 0.4766 = RM 28,596,000 discount 20% = RM 22,876,800
Three Quarter = RM 68,630,400

PeterNg

409 posts

Posted by PeterNg > 2017-11-17 09:09 | Report Abuse

Assume gain 10% for the profit, should be RM 6,863,040.

Rica7894

165 posts

Posted by Rica7894 > 2017-11-19 20:12 | Report Abuse

--------TEXCYCLE - Power plant to complement waste management business.--------

Tex Cycle collects contaminated materials directly from companies in the electronic, engineering, automobile, oil & gas, printing and other manufacturing industries.

Tex Cycle is licensed to treat 31 out of 77 type of waste regulated in the country, such as rags, wiper cloths and gloves from companies in various manufacturing sectors.

-It has near to 5,000 customers to nationwide, comprising local multinational companies.

<Investment Catalyst>

-Stable business model.
Revenue derived mainly from waste management locally. Tex Cycle is the hidden beneficiaries from the growth that is being experienced in several industries (from the technology or even the automobile industry for example) in Malaysia. The management expects the company growth will be consistent over the next few years within the waste management industry.

-New power plant.
New power plant project to supply power to TNB which will commencing no later than 28th Jan 2018 for 16 years.The management anticipates the business will generate revenue of Rm7m and profit after tax of Rm4 in FY19.

-Potential transfer to main board.
Tex Cycle could be looking to transfer to main board after having a cumulative of RM20m over the past 3 financial year.

-Healthy balance sheet.
Based on the latest quarterly results, the company is in a net cash position.

Posted by bryankhor82 > 2018-01-22 07:11 | Report Abuse

Hi, S8Investors
Do have any changes after bonus issue? Like: no. of share and EPS.

BlackWhite

1,053 posts

Posted by BlackWhite > 2018-03-20 22:57 | Report Abuse

Heavy drop wait after raya to enter

AllWin

782 posts

Posted by AllWin > 2018-06-10 13:36 | Report Abuse

BlackWhite, why after Raya?

Posted by SAStockAlliance > 2018-06-11 12:44 |

Post removed.Why?

Jon Choivo

3,668 posts

Posted by Jon Choivo > 2018-06-11 12:46 | Report Abuse

SC needs to arrest your ass.

======================================================================
Posted by SAStockAlliance > Jun 11, 2018 12:44 PM | Report Abuse

Stay tune TEXCYCL after lunch. TP 0.85 by StockAlliance
https://www.facebook.com/groups/206160123119997/permalink/538539696548...

Posted by RonnieKimLondon > 2018-06-11 12:56 | Report Abuse

The qualification of Tex Cycle accounts is alarming.

It has decided not to reappoint Delloitte as auditors. This is not surprising.

Two red flags. Why is SC not taking action?

kentg03

971 posts

Posted by kentg03 > 2018-06-11 14:48 | Report Abuse

Fb page cannot access

kalteh

99 posts

Posted by kalteh > 2019-01-24 15:12 | Report Abuse

Noticed this company invest RM7mil into unit trust as of Sep 2018. Why put so much into unit trust and not invest in core business?

speakup

25,000 posts

Posted by speakup > 2019-01-24 15:33 | Report Abuse

better ask management to give it back to shareholders as dividend!

Posted by Starex Trooper > 2019-08-19 19:03 | Report Abuse

shitty company

Posted by Noob Investor > 2019-10-15 15:06 | Report Abuse

Bullish engulfing forming?

Sharenewb

10 posts

Posted by Sharenewb > 2019-10-15 15:36 | Report Abuse

Time to enter guys

Posted by Noob Investor > 2019-10-15 16:05 | Report Abuse

Sudah jalan

koowakzai

251 posts

Posted by koowakzai > 2019-10-15 17:16 | Report Abuse

Already enter at 0.355 :) u cant catch the bottom. But am happy with this entry. Downside risk look limited. Let go Green.

Posted by Joseph1981 > 2019-10-15 23:58 | Report Abuse

lai liao?

SK1200

855 posts

Posted by SK1200 > 2019-10-25 11:45 | Report Abuse

Please throw cheap to me

SK1200

855 posts

Posted by SK1200 > 2019-11-01 16:42 | Report Abuse

60sen coming

Posted by Noob Investor > 2019-11-01 17:03 | Report Abuse

1 thing I like about this stock is super low liquidity. Selling volume is so little and can easily push.

Posted by kaleemtheman > 2019-11-15 17:26 | Report Abuse

Tex Cycle Technology (M) Bhd is targeting to kick-start the operation of its first waste-to-energy plant in the UK by end-2020.

The plant is estimated to cost about £5 million (RM25.83 million), and to generate 20% of the company's net profit after it commences operations, said its chief financial officer Geraldine Hii Siaw Wei.

share2014

404 posts

Posted by share2014 > 2019-11-16 08:32 | Report Abuse

Wow

Posted by Ahmadfairus > 2019-11-17 11:01 | Report Abuse

OMG gap down on last friday

Post a Comment
Market Buzz