Wao... PBB TP 3.20... CIMB 2.68... Really or not... PBB & CIMB loves this counter so much.. Every TP they given are so high.... This counter so great huh??
Great TP from bank.... 18mil contract... Cypark today finally shows some good show on morning session... Pls keep this ohmm and reach PBB TP at 3.20 asap! =D
“There is one company that has proposed (to build) a 50MW solar power plant,” he said, adding that the proposal is being evaluated by the government. “The discussion is currently taking place (between the company) and Tenaga Nasional Bhd.” The minister, however, declined to disclose the name of the company.
Cypark Resources Bhd (CYPARK) - Not Rated-------KENANGA 21//03//14
CYPARK is gaining some strong interest from retail investors after it won a deal worth RM17.8m to undertake construction works for a private school in Johor. At the meantime, analysts also reaffirmed their “outperform” call, citing that its strong cashflow and good prospects of the renewable energy business would support its earnings growth going forward. From the technical point of view, CYPARK is now tracking a long-term bullish reversal pattern. Short term resistance level at RM2.45 was taken out convincingly with its 17 sen gains yesterday (RM2.60 closing price). We believe the stock has now turned bullish after the strong showing on the volume indicator. Key indicators (MACD, RSI, Stochastic) are all positive and improving. Thus, we believe that CYPARK could possibly extend its rally towards RM2.84 (R1) and then RM3.30 (R3) to close the gap of ‘Saucer Bottom’ chart pattern in the short-term. Meanwhile, downside appears limited at RM2.45 (S2). Outlook Bullish Key Resistance level RM2.84 (R1) RM3.00 (R2) RM3.30 (R3) Key Support level RM2.56 (S1) RM2.45 (S2) RM2.22 (S3) Strategy Not Rated Current Price RM2.60
i doubt 1MDB will be the builder for the plant...i almost certain that they will have to contract out... as for the technology provider...it is just like Cypark's tech provider is LG Electronics....this time it could be a US company~~means the panels should be "made in US"
in Malaysia, not much company can handle such big solar farm project...and Cypark is the largest among them...hard to believe that 1MDB doesn't give at least a piece of the cake to Cypark (especially the close relationship with BN govt)
the matter is when and how big the piece of cake only~~
Damn! How could i miss this MEGA WINNER! Or i complete forgoten about it! Solar means big money! Many still dont see the potential but i do! Free energy from sun, extra profit margin compare to gas powered! My rm2 profit margin!
Im worry about solar energy can make profit or not? Because this company result is not breakout. Earning only increase little bit. Follow the news they already produce 30mw energy.
2Sept ---- 1.85 i buy. Almost 50 pct profit alraedy ...6 mths....not bad ..im still holding.Capital upside ok......i dont need divident...last 2 qtrs, profit is down but share price rose,,,,??? good puzzle to solve.
If not mistaken, all the solar energy they plan past few years is almost start generate energy.but the result is not reach the target by cimb or public bank.now only wait for the ladang tanah merah and whether can get any new solar project to boost the earning.
I don't blame you if you don't understand solar business! It's a future business! But Malaysia running out of oil and become net importer come 2017! This require deep understanding of solar potential!
Tenaga Nasional said it had signed a power purchase pact with 1Malaysia Development on the construction a solar power plant. The agreement entails the state investor's unit 1MDB Solar Sdn Bhd to design, construct, own, operate and maintain a 50 megawatts solar photovoltaic energy facility in Kedah, Tenaga said in a press statement. "The power purchase agreement governs the obligations of the parties to sell and purchase the net electrical output generated by the facility for a period of not more than 25 years," Tenaga added. (Reuters)
We are not surprised by this as it has already been widely reported in the media. As we have previously highlighted, 1MDB's solar park is the first Renewable Energy (RE) project that is not under the Feed-in-Tariff (FiT) program as the power purchase agreement (PPA) is signed directly with Tenaga, While the actual tariff is not known, previous media reports have suggested a range of 40-47 sen per kwh. We think that given 1MDB's direct PPA with Tenaga, Cypark, which is currently the largest RE player in Malaysia, could also be eyeing a similar agreement. The FiT program which Cypark is building its RE capacity under, limits the capacity that it can build, thus to further expand its capacity under direct PPA with Tenaga could be next on the cards.
Depending on who are the directors of cypark, if they are some way related to the government then the possibilities should be high. If not, it wil be hard to compete with 1MDB.
If we think negative.Maybe the 1mdb solar plant is only good for 1mdb company. The sound like government already have the new company to develop solar energy, that is 1MDB. Cypark already abandon by goverment, cypark only a garbage dump player.
Cypark Resources Bhd and Fairview International School have entered into an agreement to establish the latter's new RM80m International Baccalaureate (IB) World School in Johor Baru. The project will be developed over three years, with the first two phases to be undertaken by Cypark at a cost of RM18m. Together with land and other related costs, the two phases will cost at least RM40m. The new campus can house 1,250 students. It will receive its pioneer batch of students in August. (BT)
Guys....frankly speaking...i dont think 1MDB has the capacity to build a 50MW solar farm on their own...i doubt they cant even get a 5MW solar farm up by themselves....they will likely subcontract it out to someone..or even co-develop with some one...just need to guess who that some one is?
my believe is....no doubt the main con will be Cypark :D
if not please state who else in MALAYSIA can do it with that scale~~unless they go get a foreign firm to do it....then 1MDB really become satu malaysia my...... which i hope they are not that stupid~~
Superman! You are right! Only Cypark has the expertise to develop solar farm! Do you know solar farm alone can generate enough energy for entire Malaysia on 1,000 hectares farm! Oil giants no longer has the money to bribe alternative energy providers that's why solar becoming quite affordable nowadays! By 2017, Malaysia has to depend on other source of energy and solar is no brainer! Cypark will be Malaysia biggest energy company in years to come!
I think that when the 50mw news come out. 1mdb have build any solar farm before? Maybe no, im not sure. First time they build they want to build 50mw? Maybe without any experience. But if they subcontract to other company, like cypark. Which segment of profit cypark will get? Maybe only the engineering? The power purchase from tenaga I think cypark cannot get it. If cypark get the power purchase, why dont this project just let cypark award?
sephirohn...for your info....1mdb has not build any solar farm before...and if u ever did read Cypark's segmental report....it is easy to identify that it will be under their "Environmental Engineering" segment and there is also a "Sales of Renewable Energy" segment which shows the revenue from the power purchase~~
I mean so if 1mdb subcontract to cypark. Cypark will only get the engineering profit. The power purchase profit 1mdb will get it. My opinion cypark would not get the power purchase from the 1mdb solar farm.but if subcontract to cypark, get the enginnering profit is better than no. Solar farm engineering profit is high? This only my opinion..
Well for a 50MW power plant....i believe the construction cost ALONE will not less that 500million (1MDB people said 1B for the project anyway)...and please guess what will happen if that 500million contract goes to Cypark~~
Cypark now yearly revenue is 200+mil only~~suddenly 500 million contract come on top of the existing projects :D
RM5.00 anyone?? :p
but the point is....government do things very slow lah~~they say now...maybe next year only award....
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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....
hush_puppies
245 posts
Posted by hush_puppies > 2014-03-10 14:59 | Report Abuse
Thks kcliew for the info. Well, hope cypark goes even better in 2014!