i think not COD yet, the news said now only the incinerator is open for testing on burning, while the rest of the facility is not granted to open yet by authority. So legally speaking, it is not COD yet. may be i am wrong, can any 1 verify?
Current status o T&C status is ongoing and warm test has commenced. o We already started first firing as part of warm test of the WTE. o The Waste Segregation & Recycling Facilities has been successful tested and commissioned and ready to treat and recycle incoming solid waste. The components of SMART WTE facilities have been in operation and capable of handling incoming solid waste of up to 1000 tonne per day.
Operator or Bankers won't be pushing up the price as for now when the WORLD MARKETS are SO BAD with a CRASHING FEELING,maybe up 2 or 3 sens if the company results is GOOD
no doubt, WTE confirm going to COD very soon once gotten approval from state government. now, the question should be, once WTE has gotten its green light and start to go live, how will this impact on their balance sheet and cash flow? End of the day, we want to see cypark receivable reduced and improved cash flow after WTE started to generating revenue. (not to forget 1) 98 MW LSS2 floating solar projects and 2) 172 MW LSS3 project going to get its COD end of 2022 )
If everything is OK and 100% up and running I think I won't be able see CYPARK quoting @ 40sen even if the stock market is falling because the WTE plant is like a money printing machine for the next 21 years. The same goes with the WCE quoting at 23sen today and if the expressway is 100% complete in 2024 , where will the share price be with a HIGHER VALUATION since building material has GONE UP and HIGHWAY ATM start printing money
just bought 5000 shares @ 41 sen recently most probably another 5000 shares @ 35sen and another 10,000 shares @ 30sen.If someone is able to predict CYPARK shares can crash to 20sen then might as well tell me 4D 1st prize number coming out today. Cypark projects are TOO BIG TO FAIL for the RE NATIONALISTIC theme.
Honestly I like shares to fall so that I can accumulate more shares in a small realistic way but if the shares price shoot up UNEXPECTEDLY I still have some small gain,NEED to becareful because if NASDAQ drops below the 10K mark,BIG sell down will happen and that is BUYING OPPORTUNITY to buy CHEAP BLUE CHIPS stocks
Price 42.5 cents Will wait technical breakout.wht the magic number?resistance.who know??if can do it by(3-7/10/2022) very rich.if not a bye bye. 2/10/2022 10.52pm
I have been wondering WHO has that MILLIONS of shares selling to Mr.Chung and most probably at a LOSS.I remember Mah Yu Chuah ' son bought CYPARK before around RM3 a piece.Maybe Mr.Chung is trying to execute the same feat like CHUA MA YU do with his son at 27 years old at that time .I am only curious to know WHERE he can source this kind of fund
those who sold to Mr.Chung probably those short sellers who bought at at super low price. i don think they rugi selling off to Mr.Chung... i am curious WHO is the big kaki that subscribed to the PP??? PP price was around average 90 cent +/- which consist of 20% total cypark share....
WTE is a GOOD investment if the execution of the project is successful because BUANG SAMPAH make money and use then use the SAMPAH to convert to electricity .Finally sell the electricity to TENAGA is like killing 2 BIRDS with ONE STONE.Only well connected BUMI can get this wonderful TOP NOTCH licence to operate the WTE.The only problem is FUNDING and DEBT repayment.
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....
Michael Kwok
6,454 posts
Posted by Michael Kwok > 2022-09-23 16:39 | Report Abuse
Price 43.5 cents
45 cents resistance(buy on breakout)
41 cents resistance(sell on breakout)
Action by 4pm of the day to confirm