CYPARK RESOURCES BERHAD

KLSE (MYR): CYPARK (5184)

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Last Price

0.405

Today's Change

+0.01 (2.53%)

Day's Change

0.36 - 0.415

Trading Volume

36,159,700


11 people like this.

4,323 comment(s). Last comment by Klse2022 43 seconds ago

Klse2022

14 posts

Posted by Klse2022 > 13 hours ago | Report Abuse

CharlieM. Ths for sharing. Considered good news. Its best if Daud can explained why he disposed his share to clear markets doubt...

star168

237 posts

Posted by star168 > 12 hours ago | Report Abuse

now everyone loss money

yw92712

81 posts

Posted by yw92712 > 12 hours ago | Report Abuse

i am just asking, is the Chairman, Tan Sri age 83 was substantial shareholder, ex Suhakam Chairman, ex UN Assembly President, was also UN Security Council Chairman somehow refering to recently 100+ marijuana plant found by police in his Bungalow? just asking..

CharlieM

11 posts

Posted by CharlieM > 12 hours ago | Report Abuse

Klse2022. I can only speculate why he disposed his share. If you look at the Bursa Announcement, he and the Chairman disposed Pledged Security. Pledged Security means the share was used as collateral. It could be a margin call where top up was required but no one knows for sure. We can only speculate / guess here.

If you want to know more about Pledged Security case study on what happened to Genting HK, you use the link below.

https://www.mswg.org.my/sites/default/files/4%20September%202020%20MSW...

xiaoeh

168 posts

Posted by xiaoeh > 12 hours ago | Report Abuse

its fa is highly resembling with sd fa

Legend

3,910 posts

Posted by Legend > 12 hours ago | Report Abuse

Cypark Resources Bhd chairman Tan Sri Razali Ismail has ceased to be a substantial shareholder of the company, following the disposal of 7.26 million shares or a 1.22% equity stake in the renewable energy company since May 24. Razali disposed of the shares in three tranches comprising blocks of 4.78 million, 1.98 million and 500,000 shares for a total consideration of RM3.32 million. About two weeks ago on May 13, he had also disposed of another block of 500,000 shares for RM367,500.

value88

706 posts

Posted by value88 > 11 hours ago | Report Abuse

Let's study what was the reason for the selling pressure and disposal of shares from directors?
- it was not a debt payment issue as RAM has reaffirmed its AA3 rating.
- it was not LSS2 or WTE project issues as the management has explained the reasons for the delay and these projects will commence operation in Sept 2022.
- it could not be audit discrepancy issue as it's audited FY21 annual report just published in Feb 2022, and there is no financial audit going on in Cypark now.

The BusyWeekly article (dated 28th May) pointed out that the possible reason was :
On 23 May, there was an "extraordinary resolution notice" issued to bondholders. The changes include modifications to the transaction terms and payment structure. BusyWeekly opines that this could be the reason for triggering selling pressure on the next day, i.e. 24th May.

The timing makes sense as the above was what happened one day before the selling pressure started on 24th. Busyweekly also commented that, subsequently, the short-sellers came in to worsen the selling pressure and then directors might face margin call and had to dispose of some of their shares.

What do you all think?

GoldenShares

3,337 posts

Posted by GoldenShares > 10 hours ago | Report Abuse

value88, good comment, the power of short selling and margin call

Posted by Investmalaysiaa > 9 hours ago | Report Abuse

Chairman jump ship first. Good luck

shpg22

2,976 posts

Posted by shpg22 > 9 hours ago | Report Abuse

Boss pun suda lari, ikan bilis tunggu mati ka?
This is like SERBAKD la....Version 2.0

VTrade

1,122 posts

Posted by VTrade > 8 hours ago | Report Abuse

No matter how
Will still have ppl buy broken apple
After the discout.

This is market mayb
Belum gigit belum tahu

VTrade

1,122 posts

Posted by VTrade > 8 hours ago | Report Abuse

Mungkin very sedap

Klse2022

14 posts

Posted by Klse2022 > 8 hours ago | Report Abuse

Down trend
1)from Sep 2021 to Apr 2022 .
Price drop from $1 to $0.8
2) prior to 24/5 price collapse, share prices drop continuesly for 16 days without any rebound !!
These had caused panic !!!
When Daud disposed share n announced on 17/5, his action had trigger more selling. Then, everybody started panic including me....

kl_guy

826 posts

Posted by kl_guy > 8 hours ago | Report Abuse

30sen coming

股神 GS

47 posts

Posted by 股神 GS > 8 hours ago | Report Abuse

@ Johnzhang, unlikely will pay dividend. Most money has gone to its bondholders

Klse2022

14 posts

Posted by Klse2022 > 7 hours ago | Report Abuse

Not all are bad news. One good news is their director En Megat had acquired 100k shares on 25/5...

Posted by Investmalaysiaa > 7 hours ago | Report Abuse

100k shares is just RM40k. Wayang only kikiki

Klse2022

14 posts

Posted by Klse2022 > 7 hours ago | Report Abuse

CharlieM. Thanks for sharing Pledged security case study. Its show that if company bosses pledged their shares for funding. They may faced margin call...

Klse2022

14 posts

Posted by Klse2022 > 7 hours ago | Report Abuse

Encik Megat only holding 550k shares. Additional 100k means additional 20%.

Klse2022

14 posts

Posted by Klse2022 > 7 hours ago | Report Abuse

Anybody got friends who work in Cypark ?He Maybe able to give some comment..

Klse2022

14 posts

Posted by Klse2022 > 7 hours ago | Report Abuse

En Megat acquire company share can lead to 2 possible scenarios ;
1) others pay him money, just wayang
2) Cypark no big issue.
Current level is good chance to invest.
Lets think, 1 or 2 is more likely ??
Please note that Megat share is NOT in margin account. Whereas other big big bosses had pledged their share in margin acc..

Posted by Investmalaysiaa > 7 hours ago | Report Abuse

Group ceo, chairman, epf all selling. How to twist one by one kikiki

Klse2022

14 posts

Posted by Klse2022 > 6 hours ago | Report Abuse

EPF dispose
1) 100k 13/5 before price crash
$0.75
2) 5 mill 24/5 during price crashing, price around $0.6
Means ;
EPF is more comfortable in 13/5 than in 24/5.
Question, why EPF NOT comfortable only in 24/5 ? Most likely is due to market crash...
This is just my speculation. Maybe wrong...

Posted by ckwee168 > 6 hours ago | Report Abuse

Any insights on who are the key players snapping up those huge blocks of shares offloaded by EPF & directors? Any institutional players coming in? or merely retail participants only ya?

p/s : Trying to also gauge the positions of other key institutional players ..

TCH1186

88 posts

Posted by TCH1186 > 6 hours ago | Report Abuse

another serbadk in the making? run baby run

Klse2022

14 posts

Posted by Klse2022 > 6 hours ago | Report Abuse

Value88. Your point maybe possible reason. Another possibility is due to
Long term down trend(due to project delayed), worst when Daud disposed share n announced on 7/5 ,caused weak sentiment n margin call.

Klse2022

14 posts

Posted by Klse2022 > 6 hours ago | Report Abuse

Value88 are u sure not accounting fraud? If yes, i think this share worth buying as other issues become small (ESOS, PP, right issue, etc) with current entry level

1pingpong

77 posts

Posted by 1pingpong > 6 hours ago | Report Abuse

will hit below 0.10 and linger at the range

star168

237 posts

Posted by star168 > 5 hours ago | Report Abuse

dont guess any reason, the only reason is epf want to cabut all people include director, epf only big winner in the end

star168

237 posts

Posted by star168 > 5 hours ago | Report Abuse

sell high buy low

GoldenShares

3,337 posts

Posted by GoldenShares > 4 hours ago | Report Abuse

if not accounting fraud, then ........but, who knows.....

VTrade

1,122 posts

Posted by VTrade > 4 hours ago | Report Abuse

Ppl buy is because Apple is undervalue

Posted by BursaVulture > 3 hours ago | Report Abuse

EPF also run, Chairman also run. Last time Sapura also like this. Mukhriz run too, but many stayed.... when you see so many big bosses run, even if you lose 50%, just run, if dont run, later become 99% losses.

run before it is too late. confirm bad news coming, insider selling like crazy.

Posted by Investmalaysiaa > 3 hours ago | Report Abuse

Markets are never wrong, opinions often are

value88

706 posts

Posted by value88 > 2 hours ago | Report Abuse

Hi Klse2022, yes, I am quite sure the reason doesn't relate to accounting fraud bcos there is a period of time for a company to be subject to a financial audit. For Cypark whose financial period ends in Oct, their last audit should fall between Nov'21 to Feb'22 before the FY21 annual report was published.
For quarterly reports being published, they are not being audited. That's why u can see Cypark's Q1 FY22 report with the title says: "Unaudited" Condensed Consolidated Statements of Comprehensive Income For the First Quarter ended 31 January 2022

value88

706 posts

Posted by value88 > 2 hours ago | Report Abuse

Serbak's accounting fraud was found and reported when its annual audit report was prepared. Serbak could not publish its annual report on time due to an accounting fraud issue with KPMG, remember?

Legend

3,910 posts

Posted by Legend > 2 hours ago | Report Abuse

EMPLOYEES PROVIDENT FUND BOARD disposed 5,000,000 shares on 24-May-2022.
TAN SRI RAZALI BIN ISMAIL disposed 500,000 shares on 24 May 2022
TAN SRI RAZALI BIN ISMAIL disposed 1,979,900 shares on 24 May 2022
DAUD BIN AHMAD disposed 9,999,300 shares on 25-May-2022.
DATO' DAUD BIN AHMAD disposed 4,503,000 shares on 25-May-2022.
DATO' DAUD BIN AHMAD disposed 1,750,000 shares on 25-May-2022.
TAN SRI RAZALI BIN ISMAIL disposed 4,776,500 shares at 0.400 on 26-May-2022.
TAN SRI RAZALI BIN ISMAIL disposed 500,000 shares at 0.450 on 25-May-2022.
TAN SRI RAZALI BIN ISMAIL disposed 1,979,900 shares at 0.597 on 24-May-2022.
DATO' DAUD BIN AHMAD disposed 9,999,300 shares at 0.401 on 25-May-2022.
DATO' DAUD BIN AHMAD disposed 4,503,000 shares at 0.435 on 25-May-2022.
DATO' DAUD BIN AHMAD disposed 1,750,000 shares at 0.404 on 25-May-2022.

Posted by adikhantamking > 2 hours ago | Report Abuse

No use to create fear to other

Posted by adikhantamking > 2 hours ago | Report Abuse

All hantu wanna buy dip

value88

706 posts

Posted by value88 > 2 hours ago | Report Abuse

The selldown might have triggered as early as 17th May when the directors disposed of a relatively smaller amount of their shares (could be due to a margin call too). Since 24th May, the selldown accelerated probably due to the bond incident that happened on 23th May. I suppose that's why the CEO called in the RAM officer to reaffirm its rating on the 25th, and the announcement was made on the 27th. Otherwise, why would such an announcement related to RAM rating be published in the midst of selldown.
Make sense to u ?

Muyutin

115 posts

Posted by Muyutin > 2 hours ago | Report Abuse

RI COMING SOON

BOS SELL HIGH
THEN SUBSCRIBE RI AT LOWER PRICE

Muyutin

115 posts

Posted by Muyutin > 2 hours ago | Report Abuse

RI COULD BE 35SEN BASE ON THEIR SUPPORT AT 36.5 SEN ON FRIDAY

value88

706 posts

Posted by value88 > 2 hours ago | Report Abuse

The selldown was triggered by an incident on 17th, it was accelerated by another incident on 23rd, and then short-sellers joined in, more selldown happened, directors met margin call and disposed of their shares, selldown deepen, more fear from retailers, more profit for short-sellers, further selldown happened and so on and so forth. It is a typical vicious cycle.

value88

706 posts

Posted by value88 > 2 hours ago | Report Abuse

The company itself does have some problems to trigger selldown to happen such as:
I) the completion date of their projects is delayed.
ii) the debt level is high
iii) the directors pledged all their shares.

value88

706 posts

Posted by value88 > 2 hours ago | Report Abuse

In addition, Serbak's accounting fraud has scared the market. I keep hearing Cypark is Serbak no2 in this forum. I believe both are having different issues in this case.

Klse2022

14 posts

Posted by Klse2022 > 1 hour ago | Report Abuse

Value88. I salute to you !,
Very professional analysis!
I strongly believe your explanations most likely had pin point the actual root cause for recent price dropped. To me, as long is NOT accounting fraud, others are small issues.
I believe the completion of their solar farm n WTE is the "Game Changer" . Once completed, everything will be difference...it is just a matter of time before completion....

Legend

3,910 posts

Posted by Legend > 1 hour ago | Report Abuse

Bilis tak boleh terima fakta... sebab rugi besar...apa boleh buat.

Klse2022

14 posts

Posted by Klse2022 > 43 seconds ago | Report Abuse

Daud sold 16mill shares on 25/5 with prices around$0.4
25/5 is considered late !
$0.40 is almost lowest price !
So, he is the first or last to run ?
Answer is the last !
This doesn't make sense !
He should be the first to run n sell at high price!!
Conclusion.
Its not true that he want to run.
Instead, he is force to sell his share due to margin call...
If he want to run,

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