Posted by ALexz21 > 2020-01-20 15:13 | Report Abuse

ya titan....i think highly possible cypark didnt get it....tats why big players massively dumping...but we still clueless on this....waiting news.

Posted by Scott Tan > 2020-01-29 15:29 | Report Abuse

all gone?

Posted by lmy059c > 2020-01-30 01:02 | Report Abuse

CRB and Impian Bumiria Sdn Bhd is one of the 5 winning consortiums of LSS3 projects as announced by Malaysian Energy Commission recently......It is a 100 Mwh photovoltaic project at Marang, Terengganu...…….

Posted by Davidl > 2020-01-30 10:40 | Report Abuse

Time to accumulate!

Posted by ALexz21 > 2020-01-31 11:46 | Report Abuse

then u have to cut loss...1.2 might coming...

Posted by Scott Tan > 2020-01-31 11:56 | Report Abuse

hng u just in the wrong time lol

Posted by EngineeringProfit > 2020-01-31 11:57 | Report Abuse

Sigh

Posted by lloydlim > 2020-01-31 13:16 | Report Abuse

Time to accumulate!

Posted by 10bagger10 > 2020-01-31 17:44 | Report Abuse

Sifu, where to get the news?

Posted by Davidl > 2020-01-31 17:56 | Report Abuse

Many TA sifu asked to cut loss!

Posted by Davidl > 2020-02-03 16:44 | Report Abuse

Bottom fishing today!

Posted by lloydlim > 2020-02-04 13:25 | Report Abuse

Time to accumulate!

Posted by RainT > 2020-02-19 20:39 | Report Abuse

CYPARK profit and sales chart look too perfect

steady increase all these years

Posted by RainT > 2020-02-19 20:39 | Report Abuse

but why share price not up?

Posted by wnktong28 > 2020-02-19 20:56 | Report Abuse

Bcos of the super huge receivable amount? Institutional investors afraid of the Transmile type of problem

Posted by lcng123 > 2020-02-20 10:37 | Report Abuse

Cases like Transmile and Megan not easy to happen again under SC's supervision

Posted by wnktong28 > 2020-02-20 17:30 | Report Abuse

But they can just avoid this kind of company, and look for other stocks. There are hundreds of listed companies out there for them to pick, no necessary to stick on this, especially when it carries the risk.
Anyway, I don’t really know why it’s moving so slow, just my two cents ya...I’m still learning to analyse

Posted by Master123 > 2020-02-27 15:28 | Report Abuse

What happened?

Posted by patrick2 > 2020-02-27 15:29 | Report Abuse

why down so much?

Posted by Calvin882 > 2020-02-27 22:52 | Report Abuse

Probably bcos change of govt. Investors worry many projects may not be materialize

Posted by Sneakpeek > 2020-02-28 11:56 | Report Abuse

incoming 1.10

Posted by bukithot > 2020-02-29 19:24 | Report Abuse

Which one are you referring to ?


-------
hng33 There is NO any other business model better than power concession in time of bearish market.

Cypark maiden waste to energy power plant have start commercial operation, boost up cypark renewal energy 2x higher to 62 MW.
31/01/2020 3:37 PM

Posted by Icon8888 > 2020-03-02 17:58 | Report Abuse

Cheap

Posted by Sneakpeek > 2020-03-03 07:57 | Report Abuse

Trade receivable so high.. who are the debtors?

Posted by sephirohn12 > 2020-03-03 11:44 | Report Abuse

Trade receivable is retain profit?

Posted by GimEng Hong > 2020-03-03 13:35 | Report Abuse

Cypark是好，可是生意收不到錢，ard 5.1 billon 收不到，cut lose, run

Posted by GimEng Hong > 2020-03-03 13:41 | Report Abuse

https://www.youtube.com/watch?v=i-C4iBV_PMs&feature=share

Posted by GimEng Hong > 2020-03-03 14:03 | Report Abuse

hng33 go c my post then u understand y I cut lose,

Posted by chinleong123 > 2020-03-04 12:10 | Report Abuse

tqvm GimEng Hong

Posted by Sneakpeek > 2020-03-04 15:26 | Report Abuse

waiting if this Q got any impairment

Posted by Khoo810 > 2020-03-04 22:26 | Report Abuse

Aft change gov...tis srock keep drop.
Cb new government.

Posted by michaelwong > 2020-03-04 22:29 | Report Abuse

New low what the big fucked around

Posted by Jengacam2 > 2020-03-05 12:17 | Report Abuse

If cant collect back the debt then habis this cypark, growth so much also no use

Posted by Sneakpeek > 2020-03-05 14:21 | Report Abuse

How to access the aging report

Posted by vcinvestor > 2020-03-05 14:52 | Report Abuse

hi Sneakpeek, you can find a summary ageing report on pg 121 of the annual report

Posted by Papayashot > 2020-03-05 14:53 | Report Abuse

I have watched the youtube video: https://www.youtube.com/watch?v=i-C4iBV_PMs&feature=share

In fact, the guru is correct in the way that receivable is getting higher (not yet translated to revenue). And, looking at the FY19 report, receivable for FY 19 is 577 mil (400 mil in FY 18).

But, there is one thing we must understand, the huge increase in receivable is due to the near-completion of the LSS2 solar farm in Negeri Sembilan.

This is the nature of concession based business, i.e. cypark becomes the asset owner of the plant and operate them in long run (< 20 years). This would ensure a constant recurring income.

Cypark has no other choice but to raise the susuk bond to fund the project. Otherwise, how to get money to build power plant? You think cheap meh to build power plant.

Also, I am not quite agree that the guru in the youtube said that no fund manager would buy it. You can have a look on the top 30 largest shareholder in the annual report, EPF, ASB, Great Eastern Fund, Public Bank Mutual Fund, are all there..

As compared to the Slvest (somewhat competitor to Cypark), its share price is crazy and not justificable. PE for Slvest is 30 (and people still keep buying). Pbbank so keng, PE also 12 only le. For those Slvest investors, please awake.

Posted by Sneakpeek > 2020-03-05 15:10 | Report Abuse

Slvest much smaller can stand side by side with cypark now price almost same 1.11

Posted by cutie > 2020-03-05 16:14 | Report Abuse

sifu hng33, how about their large receivables? no problem??

Posted by hng33 > 2020-03-05 17:16 | Report Abuse

About the big receivable, it is NOT a concern as these receivables is due to cypark overdue 20MW waste-to energy power plant, which have been delay several time. Cypark already invest as much as RM 300m in the power plant and yet the commercial operation date yet to begin.

The cumulative receivables will ease off with net positive cash flow once these waste-to energy smart power plant begin operation.

These power plant have FULLY COMPLETED and now at initial operation testing till end of these month. During these initial operation, the power plant will start received its feed stock, the solid waste from NS municipal and cypark will CHARGE tipping fee RM3/tonne. The power plant is design to process 600tonne/day and can expanded up to 1000 tonne/day. The solid waste will the burn in incinerator in the power plant to generate heat energy, turbine running to generate electricity, then connect to TNB power grid to earn profit. Various parameter such as cold/hot testing at operation will calibrate till meet criteria to pave way for full commecial operation next month.

If everything satisfied, the commecial operation of waste-to-energy will begin next month and cypark is expect to derive at least RM 80m revenue annually. The gross profit margin of these green energy plant is very high > 40% as it derive dual income, tipping fees + electricity fees.

Posted by hng33 > 2020-03-05 17:21 | Report Abuse

The delay in commecial operation on these waste to energy is main reason on why cypark under negative cash flow and need to look for private placement + ESOS + dividend reinvestment to raise up fund and conserve cash on capex.

Aside 20MW waste to energy power plant to reach COD next month. Cypark new solar plant under LSS1: 3 MW in jelebu + 8MW in LTM have both achieved COD in Dec 2019 and the profit should be recognized in coming Q result end of these month.

Posted by cutie > 2020-03-05 17:21 | Report Abuse

Thank you, tomorrow will buy to average.

Posted by hng33 > 2020-03-05 17:25 | Report Abuse

Cypark have secure EPCC and O&M in LSS2 to develop 3 x 30 MW solar power plant, with 2 design as floating solar power plant locate in NS dam. The total investment of these 3 x 30MW is RM 711m.

Cypark have issue sukuk worth RM 550 to partly fund these development. As the progress of the development have reach 36% prior to sukuk insurance, therefore, cypark need not further equity injection to complete the balance work on solar power plant as sukuk RM 550m cash proceed is enough to cover remaining fund requirement.

Posted by hng33 > 2020-03-05 17:34 | Report Abuse

Cypark have further secure another 100 MW under LSS3. Cypark management have already stated that it will issue another sukuk fund to fund these mega solar power plant.

Cypark also will opt sukuk fund to refinance its exiting conventional loan including earlier loan secure to fund 20 MW waste-to energy + loan secure to fund LSS1 which already achieved COD now. The sukuk fund is cheaper alternative to conventional loan, therefore allow cypark to save interest expense.

Cypark is also target to seek IPO listing on its renewal energy division. It have total 31 MW + new 20 MW waste to energy + LSS1 ( 3MW + 8 MW ) = 62 MW wholly own solar power + WTE power back by long term IPP concession 21 year for solar and 25 year for WTE.

Upon listing, cypark renewal energy total 62 MW will be the LARGEST green energy IPP in bursa, much much more higher than solarvest which only have few MW solar IPP

Posted by hng33 > 2020-03-05 17:50 | Report Abuse

In short, Cypark is on RIGHT track on Green energy expansion. It capacity will further boosted when ADDITIONAL solar power plant 3 x 30 MW under LSS2, to be complete by Sept 2020, COD by Dec 2020 + newly secure 100 MW under LSS3, to be complete by sept 2021, COD by Dec 2021.

With such small capital size of cypark (share capital only 467m, capital size RM 524m) will growth exponentially begin these year 2020 onward to above RM 1 billion mark once re-rating assign by IB on long overdue laggard factor WTE to achieved COD next month + IPO listing to monetize on cypark renewal energy by end of these year.

Posted by Papayashot > 2020-03-05 19:01 | Report Abuse

Hi sifu hng33, from where we are informed that COD for WTE is next month?

Posted by hng33 > 2020-03-06 10:52 | Report Abuse

According to the scheduled, during initial operation which begin Dec 2019- Mar 2020, the WTF will start operation trial to obtain all parameter that meet power plant requirement efficiency, the generated electricity will connecting to TNB grid and feed in traffic will calibrate to meet TNB requirement.

After these initial operation to end by these month, the next is to start commercial operation next month in accord to power agreement sign with TNB for 25 year concession.

Posted by niasing > 2020-03-06 10:57 | Report Abuse

hng33, thanks for your information~

Posted by davors > 2020-03-06 11:39 | Report Abuse

for now still not good time to enter this stock...

Posted by Papayashot > 2020-03-06 13:01 | Report Abuse

Thanks sifu hng33

By the way, i think the recent sell-down is not from the big shareholders, since no announcement in bursa website?

But, who did the sell down recently?

Posted by eddy888 > 2020-03-06 13:16 | Report Abuse

buy 1.08, hopefully can get some pocket money