The Group's order book of RM2.4 billion as at end of March 2017 should sustain its operations for the medium term.
RKM notified the Company that its Unit I has commenced sales of 200 MW power in April 2017 and 150 MW power in May 2017 to several power distribution companies in the State of Uttar Pradesh pursuant to the Power Purchase Agreement dated 15 March 2016.
Share of loss of associates (RM28,665K) - Non cash
Well. I think the result is expected. Don't think tomorrow will have much surprises. Unless those short term investors with NO holding power. If you look at the losses , compare to previous 4 quarters , it's the least! Which means after this quarter, the account will turn positive. Order book of 2.4 billion is in the hand, it's just matter of which quarter the profit will be captured. Also, revenue from Power Plant in India will be captured from April onwards, which means next quarter will show a huge jump in both too and bottom lines. If you are a short term investor, this is not for you. Look at long term gain!
Construction sector in Malaysia will be doing very well in next 1-3 years due to all the mega projects. Only a handful of contractors will benefit. To be honest, value investors will buy when market open tomorrow, cause they know, once a stock is in its U turn mode, there is only one way, which is UP, UP and UP !
Anybody with simple accounting skill will know, the profit from IPP , it's much more than FD. And India is not a small country, if Mudajaya can seal deal for this 4 power plants, why he can't seal deal for more power plants. Next country to have double digit growth
The share price will climb up soon because they haven't recognize the revenue from many sources such as the Indian IPP, Tg. Bin and probably the construction sector will be the icing on the cake. This is a slow show but definitely going to be a good show.
Ken, no worries.... unit 1 starts generating $$$ already and unit 2 awaiting announcement, anytime, to start firing with power sale agreement signing. Cheers! Looking forward to min rm2.0
Wow with good news coming ahead, this stock might cross 2 level this year..why not covered up by analyst, the answer is given in above star link. Just be patience with this stock
The Star article gives a lot of hope that the problems in India will be resolved this year but it is still just hope as the goal post are shifted every so often. They are also far away from management in Malaysia and maybe the local contracts worthe RM2.2b will contribute enough to stop the bleeding in India. Hopefully less or no more "aiyo" to come.
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....
johnny cash
6,400 posts
Posted by johnny cash > 2017-05-29 16:44 | Report Abuse
120453, why they delayed the earning report..wow your feelings the report must be a good one, nice to hear that