The Group IPP investment in India of which its hold 26% via Associate Company RKM had been adjusted to NIL despite achieving Commercial Operation Date (COD). With NIL value for the investment they will not be any impact to financial result from the IPP project. The positive news was that the group had enter into Pilot Agreement with PTC India Ltd for supply of 550 MW power for its unit II
"With the result announcement season to to kick in for Quarter 4, 2019 and turnaround of the Group result in Last Quarter 3, 2019 of RM 1.7 mil from losses of RM (48.7) mil in Quarter 3, 2018 or losses in Quarter 2, 2019 of RM(30.8) mil. This is a significant turnaround for the Group. Furthermore, the Group book order stood at RM1.4 bil with recent awarded contract from Turnpike Synergy Sdn Bhd. Rm31.9 mil has sent a good foundation forward for the Group"
Congratulations to those who have bought around 0.185 - 0.19 at the end of Sept 2019, you have unrealised profits of 160 %. If you have bought 100k at 0.19, you would have made 300 k just within 5 months.
Mudajaya have fully written off in previous quarter result of all its investment worth more than RM 400m in RKM power plant. Now with recommencement power plant, any profit and cash flow generated will be net surplus to mudajaya.
Aside coal power plant in india, mudajaya also own 2 solar Ipp in malaysia with capacity 10 MW and 49 MW, both with 21 year concenssion.
impairment of rm400 mill, equivalent to 0.66/ share . If divest of this investment, can get back cash of RM400 mill.Fair price should be RM0.18 (lowest)+0.66 =0.84 Is that correct ? .
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....
SharehlderOppression
283 posts
Posted by SharehlderOppression > 2020-02-04 09:36 | Report Abuse
The Group IPP investment in India of which its hold 26% via Associate Company RKM had been adjusted to NIL despite achieving Commercial Operation Date (COD). With NIL value for the investment they will not be any impact to financial result from the IPP project.
The positive news was that the group had enter into Pilot Agreement with PTC India Ltd for supply of 550 MW power for its unit II
"With the result announcement season to to kick in for Quarter 4, 2019 and turnaround of the Group result in Last Quarter 3, 2019 of RM 1.7 mil from losses of RM (48.7) mil in Quarter 3, 2018 or losses in Quarter 2, 2019 of RM(30.8) mil. This is a significant turnaround for the Group.
Furthermore, the Group book order stood at RM1.4 bil with recent awarded contract from Turnpike Synergy Sdn Bhd. Rm31.9 mil has sent a good foundation forward for the Group"
Thank you for this analysis @Winefficietly