businesstoday.com.my https://www.businesstoday.com.my › ... Cypark Lands RM74 Million Road Upgrading Job Along Jalan Dutamas 2 24 Mar 2022 — Cypark will rely on its construction and engineering division to manage the job and successfully deliver to
Utilisation of proceeds Minimum Scenario RM’000 Maximum Scenario RM’000 Estimated timeframe for utilisation of proceeds from the date of listing of the Placement Shares Development of the Large Scale Solar Phase 2 – floating solar PV projects 50,000 50,000 Within 6 months Working capital for the SMART WTE plant at LTM 6,028 6,760 Within 12 months Estimated expenses for the Proposed Placement 500 500 Upon completion Total 56,528 57,260
e, the Proposed Placement would also allow the Company to increase its Bumiputera shareholdings for the purpose of maintaining its Bumiputera Controlled PLC status awarded by MITI. The Company had been chosen as a candidate under Skim Jejak Jaya Bumiputera since 2007, which was prior to its listing on the Main Market of Bursa Securities in 2010. For information purposes, it is the Board’s intention to allocate the Placement Shares to both Bumiputera and non-Bumiputera independent 3rd party investor(s).
Project A and Project B below (collectively referred to as the “LSS2 Floating Solar Projects”) are located adjacent to each other and the estimated total project cost is approximately RM467.00 million: Name Date of appointment as EPCC contractor Project Location Estimated total project cost (RM’million) Current status Project A 15 July 2019 49 MW floating solar PV power plant Danau Tok Uban, Kelantan 233.50 91.66% completed. Target to achieve Commercial Operation Date (“COD”) by 31 May 2023. Project B 15 July 2019 49 MW floating solar PV power plant Danau Tok Uban, Kelantan 233.50 91.66% completed. Target to achieve COD by 31 May 2023.
allocate the PP to TNB and Huawei, habis cerita haha the Proposed Placement would also allow the Company to increase its Bumiputera shareholdings for the purpose of maintaining its Bumiputera Controlled PLC status awarded by MITI. The Company had been chosen as a candidate under Skim Jejak Jaya Bumiputera since 2007, which was prior to its listing on the Main Market of Bursa Securities in 2010. For information purposes, it is the Board’s intention to allocate the Placement Shares to both Bumiputera and non-Bumiputera independent 3rd party investor(s). However, during the identification process of the placees, priority will be given to Bumiputera investors, for the reason disclosed
As at the LPD, the collective Bumiputera shareholdings of the Group is approximately 25% whilst the Bumiputera Controlled PLC criteria requires amongst others, at least 35% Bumiputera shareholdings. By maintaining the Bumiputera Controlled PLC status, it would be a competitive advantage as it enables the Group to participate in future project tenders that requires Bumiputera Controlled PLC status.
Waste management is one of the environmental pain points affecting every country worldwide. According to the World Bank’s “What a Waste 2.0: A Global Snapshot of Solid Waste Management to 2050” report, waste generation across the world is expected to grow roughly by 3.4 billion tonnes per year by 2050. This growing concern has sparked extensive discussions on the various aspects of waste management namely: characterisation, minimisation, collection, separation, treatment, and disposal of waste, for the sustainable development of the global economy, environment and society. Sources of waste can be broadly classified into four types: industrial, commercial, domestic, and agricultural. The amount of waste generated is directly determined by economic activity, consumption and population growth. Unfortunately, the economic development and rising living standards in Malaysia have led to the increase in the quantity and complexity of generated waste. Moreover, industrial diversification and the provision of expanded healthcare facilities have added substantial quantities of industrial hazardous waste and biomedical waste into the waste stream.
In 2021, a total of 13.95 million tonnes of municipal solid waste was generated per annum in Malaysia, equivalent to 38,207 tonnes generated per day by household, institutional, commercial, industrial (excluding scheduled waste) and construction establishments. This showed an increase from previous years as municipal solid waste amounted to 13.91 million tonnes and 13.88 million tonnes in 2020 and 2019 respectively. This waste typically ends up at a landfill site if it is not recycled or reused, thereby requiring more landfill usage and expansions. The limited land and high cost of landfill facilitation operations have intensified environmental and financial concerns for the Government. As Malaysia moves towards zero-waste, the Government is actively playing a pivotal role in strengthening waste management and transforming environmental governance to enable better management of the environment and natural resources, including reducing its economic impacts. These initiatives have been highlighted in the Twelfth Malaysia Plan, 2021-2025 (“12MP”) as part of Malaysia’s commitment to achieving a net-zero carbon emission country by 2050. Under 12MP, the Government has set out to achieve a National Recycling Rate (“NRR”) of 40% by 2025. The NRR reached 31.52% in 2021, a promising increase as compared to 30.67% in 2020. The 12MP also highlights the importance of establishing a circular economy where businesses are encouraged to adopt this concept in the design, production, logistics, consumption and waste management of their products and services. The involvement of the private sector has great potential to enhance the effectiveness of waste management in Malaysia. The Government encourages more integrated waste treatment facilities (“IWTFs”) to be constructed. An integrated approach incorporates a material recovery facility to sort and separate waste; a treatment facility, including an anaerobic digester, composter and incinerator; as well as a sanitary landfill. These IWTFs will be optimised to manage different types of waste and can treat about 95% of waste, leaving the remaining 5% to be disposed of at sanitary landfills. An IWTF that includes WTE components is proven to treat solid waste more effectively than the use of landfill. WTE can be defined as energy recovery from waste where non-recyclable waste materials can be converted into usable heat, electricity, or fuel through a variety of processes. These include combustion, gasification, pyrolysation, anaerobic digestion, and landfill gas recovery. WTE facilities can substantially contribute toward Malaysia becoming a zero-waste nation due to its hygienisation process of waste. This process prevents the waste recycling cycle from the risk of contamination by polluted waste and diverts non-recyclable waste from landfills, dumpsites and open fires. Moreover, the energy generated creates spillover benefits by supplying electricity to neighbouring residential, commercial and industrial establishments. This energy generation is more sustainable and less dependent on fossil fuel. The material recovery through WTE facilities is especially beneficial to the metal industry, as great amounts of materials can be recovered from the bottom ashes, including minerals and other precious metals. To accelerate the transition of solid waste management from a linear economy to a circular economy, Malaysia is banking on WTE solutions. The Ministry of Housing and Local Government (KPKT) is planning to establish six (6) WTE plants across Malaysia by 2025. WTE solutions are now recognised as a preferred waste treatment option for residual waste and a sustainable waste management approach in the country. Additionally, the establishment of waste eco-parks, development of waste management technologies and closure of all open landfills are encouraged to achieve Malaysia’s commitment to become a net-zero carbon emission country by 2050. Malaysian Investment Development Authority (“MIDA”) has been promoting environmental management through recycling since the 1980s as well as green technology projects and services since 2014. The facilitation offered by the Government include Investment Tax Allowance for companies that intend to undertake WTE projects and integrated waste management projects.
The Group has 4 business segments comprising of the following: Business segments Description Profit before tax* (RM’million) Profit contribution (%) RE Engaged in the RE businesses related to sales of energy generated from solar projects, EPCC in solar projects, operations and maintenance for solar projects and other related specialist and consultancy works on solar. 73.95 76.52 Waste management & WTE Engaged in construction of WTE plant, sale of energy related to the SMART WTE plant, operations and maintenance for the SMART WTE plant and related facilities, tipping fees from landfill operation and other related specialist or consultancy works related to waste management. 14.80 15.32 Construction & engineering Provision of landscape services, project management services, civil and structural works and infrastructure developments. 6.89 7.13 Green technology & environmental services Provision of specialist maintenance works on leachate treatment plants, biogas and biomass activities and other related specialist or consultancy works. 1.00 1.03 Total 96.64 100.00
The monthly highest and lowest market prices of CRB Shares as traded on Bursa Securities for the past 12 months up to and including the LPD are set out below: High Low RM RM 2021 November 0.985 0.825 December 0.935 0.835 2022 January 0.955 0.835 February 0.900 0.825 March 0.855 0.785 April 0.860 0.780 May 0.800 0.340 June 0.495 0.275 July 0.465 0.295 August 0.475 0.370 September 0.460 0.315 October 0.490 0.375 Last transacted market price as at 7 November 2022 (being the last Market Day prior to the announcement of the Proposed Placement) 0.400
ESTIMATED TIMEFRAME FOR COMPLETION The tentative timeline of events leading to the completion of the Proposed Placement is as follows: Date Events 27 December 2022 EGM for the Proposed Placement End of 1st quarter of 2023 Listing and quotation of the Placement Shares on the Main Market of Bursa Securities and completion of the Proposed Placement
EGM The EGM, the notice of which is enclosed in this Circular, will be held on a virtual basis via remote participation and voting at the broadcast venue, at Securities Services (Holdings) Sdn. Bhd., Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights, 50490 Kuala Lumpur, Wilayah Persekutuan on Tuesday, 27 December 2022 at 3.30 p.m. or at any adjournment thereof for the purpose of considering and if thought fit, passing with or without modification, the resolution to give effect to the Proposed Placement.
35% shareholdings must be owned by bumi entity/individual, easy to fulfill, allocate some pp to GLCs e.g. tnb for compliance sake. The rest allocates to others yang betul2 tahu buat kerja dan ada kepakaran. Proton adalah contoh terbaik... Tanpa geely, proton tiada Harapan
Cypark has 4 biz segments which are scalable globally... With a proven track record doing big projects for tnb and states, just a matter of time for it share price to rebound once pp 30% is settled, with new expertise added, etc.
Tnb , good paymaster bagi cypark... Pp , just allocate to tnb to fulfill whatever needed, habis cerita :)
KUALA LUMPUR (Dec 24): Tenaga Nasional Bhd's (TNB) stock remains favourable among analysts given its stable earnings and dividend payout.
Hong Leong Investment Bank (HLIB) has maintained a "buy" call on the stock given the company's stable earnings and dividend payout in the financial year 2023 (FY2023).
I’m positive on the Malaysian market, be it equities or bonds, next year. Our flagship Areca equityTrust Fund had about 30% of cash reserves earlier this year and our Dividend Income Fund had about 40%. In December, the level went down to about 10% to 15%. We have been buying into the market slowly.” — Wong
Local investors should start shifting their focus from overseas markets to the Malaysian markets again, be it equities or bonds. According to Danny Wong, CEO of Areca Capital Sdn Bhd, long-term investment themes include technology and ESG (environmental, social and governance) investing. Wong, who helms the fund house with assets under management of about RM3.7 billion, is positive on the Malaysian market next year because of several positive catalysts. As a result, the firm deployed a considerable amount of cash into the local markets in the fourth quarter of the year.
The ESG and digital bank play Two structural long-term investment themes that Wong is particularly confident about are the fast-growing ESG and technology trends.
Recently, he assembled five analysts to focus on the climate change-related segment, enhance its ESG screening and evaluation processes, and devise new investment strategies to capitalise on the sustainable investing trend.
In fact, the firm will soon launch a climate fund that invests in renewable energy companies and firms operating in traditional sectors, but are making a serious effort to be more environmentally friendly and improve business efficiency.
Wong sees massive opportunities in ESG investing as the Malaysian government has announced its plan to reduce carbon intensity by 45% across the economy by 2030. It is also committed to achieving net zero greenhouse gas (GHG) emissions by 2050.
“Both timelines are not too far away if you think about it. A massive amount of money needs to be injected into this area by our government and businesses, if we are to achieve both objectives in line with the global trend,” he says.
The enhanced ESG valuation and screening method will be gradually incorporated into the other funds of the firm, he adds.
Wong says the firm is a true believer in ESG and sustainability, and that it is not launching the fund for the sake of riding the market trends. “We have, in fact, reduced our exposure to a big-cap energy company that still utilises a lot of fossil fuel and increased our holdings in a smaller-cap solar panel company.”
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....
Good123
26,600 posts
Posted by Good123 > 2022-12-23 15:24 | Report Abuse
Cypark, berpotensi, bina jalanraya pun ok
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Cypark Lands RM74 Million Road Upgrading Job Along Jalan Dutamas 2
24 Mar 2022 — Cypark will rely on its construction and engineering division to manage the job and successfully deliver to