CYPARK RESOURCES BERHAD

KLSE (MYR): CYPARK (5184)

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Last Price

0.875

Today's Change

-0.01 (1.13%)

Day's Change

0.87 - 0.90

Trading Volume

3,685,000


13 people like this.

7,149 comment(s). Last comment by oks911 6 days ago

Posted by kenny rojer > 2023-01-27 11:44 | Report Abuse

tp 1.50

Posted by kenny rojer > 2023-01-27 11:45 | Report Abuse

i guess still alot of ppl stuck at top of last few year hahah

Posted by NatsukoMishima > 2023-01-27 13:22 | Report Abuse

Buy dnex betterlah rich with cash flow !

paktua73

18,350 posts

Posted by paktua73 > 2023-01-27 14:03 |

Post removed.Why?

nicholas99

9,901 posts

Posted by nicholas99 > 2023-01-27 14:50 | Report Abuse

run lo.. china ban..

nicholas99

9,901 posts

Posted by nicholas99 > 2023-01-27 14:57 | Report Abuse

China accounts for 97% of global output for the wafers

nicholas99

9,901 posts

Posted by nicholas99 > 2023-01-27 14:57 | Report Abuse

unless cypark make the 3%.. if not..

Eric Lim

508 posts

Posted by Eric Lim > 2023-01-27 14:57 | Report Abuse

They are considering ban of exporting technologies not the end products. Malaysia solar player are mostly low-end installer, will not be affected.

nicholas99

9,901 posts

Posted by nicholas99 > 2023-01-27 15:00 | Report Abuse

U.S. solar installations to fall 23% this year due to China goods ban -report

paktua73

18,350 posts

Posted by paktua73 > 2023-01-27 15:03 |

Post removed.Why?

paktua73

18,350 posts

Posted by paktua73 > 2023-01-27 15:05 |

Post removed.Why?

nicholas99

9,901 posts

Posted by nicholas99 > 2023-01-27 15:05 | Report Abuse

tp reach. maybe already sell behind.

nicholas99

9,901 posts

Posted by nicholas99 > 2023-01-27 15:08 | Report Abuse

16.5mil biji dah sell dekat 0.995-1.01..

bjgdila123

3,470 posts

Posted by bjgdila123 > 2023-01-27 15:16 | Report Abuse

nak turun jatuh ke 0.65

paktua73

18,350 posts

Posted by paktua73 > 2023-01-27 15:22 |

Post removed.Why?

Michael Kwok

6,448 posts

Posted by Michael Kwok > 2023-01-27 15:28 | Report Abuse

Cypark 96-98 cents(Sell call)
27/1/23 3.30pm.

paktua73

18,350 posts

Posted by paktua73 > 2023-01-27 16:06 |

Post removed.Why?

paktua73

18,350 posts

Posted by paktua73 > 2023-01-27 16:51 |

Post removed.Why?

suare_pro

50 posts

Posted by suare_pro > 2023-01-27 21:47 | Report Abuse

tq paktua..how to joint your group discussion....telegram..or whataap?

paktua73

18,350 posts

Posted by paktua73 > 2023-01-27 22:46 |

Post removed.Why?

Posted by StockSniffer > 2023-01-27 23:17 | Report Abuse

Paktua, please accept me to join your team too

paktua73

18,350 posts

Posted by paktua73 > 2023-01-27 23:25 |

Post removed.Why?

star168

460 posts

Posted by star168 > 2023-01-29 22:02 | Report Abuse

tommorrow good luck

paktua73

18,350 posts

Posted by paktua73 > 2023-01-30 09:38 |

Post removed.Why?

paktua73

18,350 posts

Posted by paktua73 > 2023-01-30 11:01 |

Post removed.Why?

speakup

27,045 posts

Posted by speakup > 2023-01-30 11:02 | Report Abuse

wow cypark suddenly golden share again
few months ago semua hantam kuat kuat cypark
sekarang semua cinta kuat kuat cypak

star168

460 posts

Posted by star168 > 2023-01-30 11:30 | Report Abuse

woo thanks cypark, time to run...hope everyone good luck...

mfa359

45 posts

Posted by mfa359 > 2023-01-30 11:38 | Report Abuse

start panic sell this afternoon, or tomorrow.. fast run

paktua73

18,350 posts

Posted by paktua73 > 2023-01-30 12:31 |

Post removed.Why?

Posted by Jenggo Jenggo > 2023-01-30 13:58 | Report Abuse

Top up more

speakup

27,045 posts

Posted by speakup > 2023-01-30 14:37 | Report Abuse

Wan Dollar is here

Abba84

987 posts

Posted by Abba84 > 2023-01-30 18:01 | Report Abuse

Michael Kwok

Cypark 96-98 cents(Sell call)
27/1/23 3.30pm.
Sell , call ?clearly ,buyers, don't buy ur.sell idea!

paktua73

18,350 posts

Posted by paktua73 > 2023-01-31 08:06 |

Post removed.Why?

kcwong98

91 posts

Posted by kcwong98 > 2023-01-31 11:39 | Report Abuse

140% profit is sufficient for me. Thank you.

mfa359

45 posts

Posted by mfa359 > 2023-01-31 11:53 | Report Abuse

siapak starts selling now

nicholas99

9,901 posts

Posted by nicholas99 > 2023-01-31 12:27 | Report Abuse

pak tua no collect.. better dont collect. haha

star168

460 posts

Posted by star168 > 2023-01-31 12:29 | Report Abuse

end game.....

xuxu

5,859 posts

Posted by xuxu > 2023-01-31 14:23 | Report Abuse

dah goreng habis baru UMA, bursa the biggest joker hehe

speakup

27,045 posts

Posted by speakup > 2023-01-31 14:25 | Report Abuse

Wan Dollah left?

nicholas99

9,901 posts

Posted by nicholas99 > 2023-01-31 14:26 | Report Abuse

UMA lo.. pak tua still no run?

paktua73

18,350 posts

Posted by paktua73 > 2023-01-31 15:01 |

Post removed.Why?

icecool

5,043 posts

Posted by icecool > 2023-01-31 15:07 | Report Abuse

rebounding

Keko789

83 posts

Posted by Keko789 > 2023-01-31 15:10 | Report Abuse

first time see uma? uma mean U Must Add..simple..

MathMan

8 posts

Posted by MathMan > 2023-01-31 15:30 | Report Abuse

I originally posted this in November 2021. I believe it is still relevant:

According to the 2020 Annual Report, Note 6(a), in relation to the Ladang Tanah Merah WTE plant, "During the financial year, the borrowing costs capitalised in the intangible asset amounted to RM23,522,000 (2019: RM28,422,000)"

According to the Independent Auditor's Report in the same Annual Report, the carrying value of the WTE intangible asset was RM871M.

When the WTE plant is brought on line, the intangible asset will have to be amortized instead of accumulated. Assuming this is done linearly over 19 years (the 19 years being a complete guess on my part), this will be an outflow of RM871/19 or RM45.8M per annum.

At the same time, the interest, which is presently being capitalised, will have to be expensed, which will be an additional expense of RM23.5M.

If you add the interest to the amortization, when the WTE plant is brought on line there will be additional expenses of RM69.3M.

According to https://themalaysianreserve.com/2017/03/31/cypark-hopes-to-formalise-landfill-concession-by-mid-year/ Cypark was targetting RM100M revenue per year, and there is reason to believe this might include at least a little "blue sky", but even if you accept that number, for sure there are going to be operating costs and those costs may be more than RM100M less RM69.3M.

I would not be surprised if the net effect of bringing the WTE plant on line is not so much a profit as a loss.

MathMan

8 posts

Posted by MathMan > 2023-01-31 15:30 | Report Abuse

star168 If like that, why still going to invest to operating.
10/11/2021 9:17 PM

MathMan It's actually slightly worse than that. Although the company was forecasting revenue from the WTE plant of RM100M in 2015, in it's Unaudited Interim Financial Report for the Third Quarter ended 31 July 2021, the company stated that "Once the plant is commissioned, the integrated WTE plant is expected to contribute up to RM80 million a year in revenue". So now we have RM80M less RM69.3M less operating costs. A positive effect on earnings is starting to look improbable.
11/11/2021 10:07 AM

MathMan

8 posts

Posted by MathMan > 2023-01-31 15:34 | Report Abuse

According to https://cdn1.i3investor.com/my/files/st88k/5184_CYPARK/pt/PUBLIC%20BANK/5184_CYPARK_PUBLIC%20BANK_2017-07-06_HOLD_2.62_CYPARK%20-%20Expanding%20RE%20Segment_583217028.pdf “the company targets to receive 1,000 tonnes of solid waste per day. We [Public Investment Bank] estimate the tipping fee is around RM30/tonne”. A tipping fee of MYR30 per tonne at 1,000 tonnes per day would be MYR11M per annum.

MathMan

8 posts

Posted by MathMan > 2023-01-31 15:35 | Report Abuse

And according to Energy Malaysia Volume 13, in 2017, the combined cost of electricity is 26.39 cen per kWh, which puts an annual value on say, 22.5MW of RM0.2639 * 22.5 * 1000 * 24 * 365 = RM52M. And that assumes the plant can produce 22.5MW 24x7, which seems a bit optimistic.

MathMan

8 posts

Posted by MathMan > 2023-01-31 15:37 | Report Abuse

So unless Cypark has negotiated better tipping fees and wholesale energy prices (which it may have) my estimate of the revenue is not the RM80M suggested by the company, but RM63M.

Now the effect on earnings is going to be RM63M less RM69.3M less operating costs. Unless there's something seriously wrong with my reasoning, bringing the WTE plant on line is going to have a seriously negative effect on earnings.

ks5S

4,601 posts

Posted by ks5S > 2023-01-31 17:03 | Report Abuse

hammer... bull

Posted by NatsukoMishima > 2023-02-01 11:07 | Report Abuse

Beware of pump n dump !

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