Posted by stteck > 2019-12-24 09:16 | Report Abuse

https://www.klsescreener.com/v2/news/view/612618/energy-commission-selects-five-bidders-for-lsspv-power-plants

Cypark Resources Bhd , ib vogt GmbH, Coara Solar Sdn Bhd, and Impian Bumiria Sdn Bhd have been selected for solar plants in Marang, Terengganu with each plant having an export capacity of 100 megawatts of alternating current (MWac).

Posted by MoneyShow3 > 2019-12-24 14:17 | Report Abuse

100MW is a big deal for cypark. Best time when solar panels are cheap and financing yields lower. Easily another rm20m to the bottom line for the next 21 years.... Rock on. Back to Rm1. 80 soon

Posted by ming > 2019-12-24 19:08 | Report Abuse

Is the LSSPV same with LSS 3? Or totally different project?

Posted by bukithot > 2019-12-28 14:40 | Report Abuse

In the announcement dated August 2019 ,it says the construction of the access road is for a period of 1 year till Aug 2020...does it mean wte plant will only commence operation after that? That is almost 3 years delay... a period of 1 year.

Posted by bukithot > 2019-12-28 14:41 | Report Abuse

The Board of Directors of Cypark Resources Berhad ("the Company" or "CRB") wishes to announce that Cypark Smart Techonology Sdn. Bhd., a wholly-owned subsidiary of the Company had on 13 August 2019 accepted a Letter of Award dated 9 August 2019 from the Department of National Solid Waste Management (Jabatan Pengurusan Sisa Pepejal Negara), under the purview of the Ministry of Housing and Local Government (Kementerian Perumahan dan Kerajaan Tempatan) in respect of a contract for Design and Build Project of Access Road to the Integrated Sanitary Landfill Site (Projek Merekabentuk dan Membina Jalan Masuk ke Tapak Pelupusan Sanitari Bersepadu) at Ladang Tanah Merah, Negeri Sembilan ("the Works"). The total contract value is RM12,527,546.35 (Ringgit Malaysia: Twelve Million Five Hundred Twenty Seven Thousand Five Hundred Forty Six and Cents Thirty Five) only. The stipulated completion date of the project is on 25 August 2020, which is 12 months from the date of site possession on 26 August 2019.

Posted by Roger Lim Tau Kiat > 2019-12-28 18:46 | Report Abuse

Yes, same with lss3

Posted by ramada > 2019-12-30 17:57 | Report Abuse

8.44 sen.
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5184

Posted by niasing > 2019-12-30 18:53 | Report Abuse

Wow, unexpected good result!

Posted by PotentialGhost > 2019-12-30 19:15 | Report Abuse

Excellent , profit new high

Posted by Moderate > 2019-12-30 19:21 | Report Abuse

Anyone knows how MFRS 15 lowered accoubting costs, lifted results?

Posted by shpg22 > 2019-12-30 19:45 | Report Abuse

Debts and operating cash flow looks quite ugly.

Posted by ramada > 2019-12-30 22:36 | Report Abuse

These were mainly due to

(a) the effect of adoption of MFRS 15.
(b) the higher margin yielded from environmental engineering and green tech & renewable energy divisions.

Posted by ramada > 2019-12-30 22:36 | Report Abuse

The borrowings a bit high. But cash in hand looks good.

Posted by Eagle_T > 2019-12-30 23:02 | Report Abuse

Receivables close to RM600 million. Later piling up to RM1 billion then give you jackpot.

Posted by Sebastian Power > 2019-12-31 00:47 | Report Abuse

RM2 just a matter of time

Posted by bukithot > 2019-12-31 05:11 | Report Abuse

Wte is going to delay to next year... Another delay again...lousy mgmt

Posted by bukithot > 2019-12-31 05:13 | Report Abuse

“I have been informed that there has been another delay in completing the plant and it is targeted for completion next year."


https://www.google.com/amp/s/www.nst.com.my/node/529785/amp

Posted by bukithot > 2019-12-31 05:20 | Report Abuse

RFP for WTE in Malacca is coming up...

http://www.bernama.com/bm/news.php?id=1786061

MELAKA, 4 Nov -- Kementerian Perumahan dan Kerajaan Tempatan (KPKT) akan memulakan proses 'request for proposal' (RFP) pada bulan depan untuk syarikat yang berminat membangunkan loji yang menukarkan sisa pepejal kepada tenaga (WTE) di Sungai Udang di sini, kata Ketua Setiausahanya Datuk Seri Mohammad Mentek.

Beliau berkata syarikat yang boleh menyertai RFP adalah dalam kalangan yang lulus dalam jawatankuasa teknikal peringkat KPKT dan dijangka teknologi WTE itu akan dibangunkan di tapak pelupusan sampah di Melaka pada pertengahan tahun depan.

Posted by VegeKingII > 2019-12-31 09:18 | Report Abuse

Limit up

Posted by Karlos > 2019-12-31 09:53 | Report Abuse

Cypark has just won 100 MW solar project in Trengganu and soon the waste to energy and other solar farms under construction will contribute significantly to near future earnings not to mention future possible projects under planning and development. Invest for future earnings and prospect but please do it at your own risks [and rewards]!

Posted by Karlos > 2019-12-31 10:03 | Report Abuse

Having high debts for this kind of company is normal as Cypark is investing in high capital investment projects. The debts are usually non recourse to the holding company and future incomes are secured via long term contacts for 21 or 25 years so the debts repayments and earnings are backed by robust future cash flows. No worry!

Posted by Karlos > 2019-12-31 10:32 | Report Abuse

Once the high Capex projects are commissioned the cash flows will be produced. But please keep in mind that as the company is still in expansion and growth mode, cash will continued to be consumed for future projects. Invest for the future earnings and prospects and do it at your owned risk!

Posted by shpg22 > 2019-12-31 10:35 | Report Abuse

Having high debts, company must generate high cash flow as well to be able to service its debt and interest. CYPARK has been on negative cash flow most of the time, this resulted in having to borrow more just to keep operation running. Not unsustainable and too much red flag.

Posted by Karlos > 2019-12-31 10:42 | Report Abuse

I fully agree that a company with high debts must generate high cash flow. If the Capex intensive investments are not backed by contractual incomes that certainly a very worrying situation and we must avoid at all cost to invest in such situations.

Posted by Karlos > 2019-12-31 10:46 | Report Abuse

Only invest in companies whose biz models and operations we understand.

Posted by shpg22 > 2019-12-31 11:18 | Report Abuse

Contractual agreement can provides revenue and profit but not necessarily cash as can be seen in CYPARK where its receivable ballooned from 100+ million to current 574 million. Another red flag.

Posted by Karlos > 2019-12-31 11:36 | Report Abuse

Only invest in companies whose biz models and operations we understand.

Posted by azdrichwork > 2020-01-01 18:12 | Report Abuse

2 months TP rm2

Posted by LibraInvestor > 2020-01-02 15:09 | Report Abuse

all in liao, just brought 200 lots

Posted by loico > 2020-01-02 15:58 | Report Abuse

ALL IN

Posted by VegeKingII > 2020-01-02 16:15 | Report Abuse

来了

Posted by LibraInvestor > 2020-01-02 16:47 | Report Abuse

Cypark give chances for top up liao!!

Posted by LibraInvestor > 2020-01-02 17:19 | Report Abuse

Cypark got FA, now also got TA. Very fast will be spotted by those shifu liao.

Posted by bukithot > 2020-01-04 11:09 | Report Abuse

https://www.thestar.com.my/business/business-news/2019/12/31/cypark-fy19-core-net-profit-above-forecasts


1. CGS-CIMB Equities Research pointed out that in December, Cypark won the bid to develop a 100MW solar plant in Marang, Terengganu, in the LSS3 auction. The plant has a commercial operation date (COD) of end-2021.

2. “We also gather that its 20MW waste-to-energy (WTE) plant in Negeri Sembilan is 100% completed, with all machinery in place, and should be able to reach its initial operation date (IOD) by early-2020 and COD by 2QCY20 (initial COD target was end-June 2019), ” it said.

Posted by EngineeringProfit > 2020-01-04 11:17 | Report Abuse

huat arr

Posted by Thelastone > 2020-01-05 12:13 | Report Abuse

https://www.sinchew.com.my/pad/con/content_2190810.html

Posted by Thelastone > 2020-01-05 12:35 | Report Abuse

https://www.sinchew.com.my/pad/con/content_2190810.html

Posted by Tang Khangseng > 2020-01-05 22:06 | Report Abuse

Bond - Sukuk Murabahah --> 537,798,238, without this the cashflow would be negative in Q4'19. Is this also mean the interest for finance would be higher from next quarter onwards? Thanks if someone can help and clarify.

Posted by JunJun > 2020-01-08 20:32 | Report Abuse

https://www.theedgemarkets.com/article/cypark-reorganises-loans-address-debtcash-flow-mismatch

Posted by Sebastian Power > 2020-01-09 10:54 | Report Abuse

thanks JunJun. Interesting!

In comparison, even the newly-listed Solarvest Holdings Bhd has a PER of 24.2 times. Thus, it is not surprising that Daud is dissatisfied with Cypark’s current PER. “We are not happy about this (valuation) because if you have a better track record in terms of earnings growth... then it should be reflected as it is,” he said.

Posted by Thelastone > 2020-01-09 15:47 | Report Abuse

Cypark going to spin off solar unit this year!?

Posted by Davidl > 2020-01-13 10:00 | Report Abuse

Fund manager buying today!

Posted by lloydlim > 2020-01-13 13:32 | Report Abuse

Something is brewing now!

Posted by Thelastone > 2020-01-13 18:10 | Report Abuse

Investors can slow cook this counter for next few months until the fair price compatible with its good value!

Posted by bukithot > 2020-01-14 21:19 | Report Abuse

https://www.oaktreecapital.com/docs/default-source/memos/you-bet.pdf

Posted by lloydlim > 2020-01-14 22:45 | Report Abuse

Looking forward to grab it at below 1.40

Posted by ALexz21 > 2020-01-17 10:14 | Report Abuse

im waiting 1.4 as well...

Posted by Davidleong > 2020-01-19 11:23 | Report Abuse

Lss3 contract coming in Feb. Let's wait. Pe 7 stock lol

Posted by ALexz21 > 2020-01-20 12:07 | Report Abuse

big players dumping....I'd sold my portiosn to realize profits 1st...good luck to those who still here.

Posted by Titan > 2020-01-20 13:16 | Report Abuse

i see so many company tendering for the LSS3. Even oil & gas company also announce in their report that they are tendering for the LSS3. The LSS3 can be broken down and award to few company?