Currently Cypark owns, operates and manages approximately 47 MWdc of solar plants. This capacity is expected to increase to approximately 200 MWdc with the expected completion of LSS2 and several NEM Projects by early 2021. Cypark has another 100MWdc under LSS3. Compared with Samaiden measly less than 10MW capacity which still in planning, market cap for Cypark is only about 2 times of Samaiden is really a steal. This one not even include other RE projects for Cypark like WTE and Biogas plants.
Dont worry ... Cypark is the pioneer of RE in bursa, i dont know this week ....but surely next month there will be another rally. Wait for my target price to add more but for now need to take a look first on budget 2021 approval. Malaysia political environment not good for investor....
abcd123, both being rewarded project LSS3 through their subsidiary. Both involve in development and operation of solat plant. Fundamental wise, I think cypark looks better in term of revenue and net profit. But, cypark 's liability looks not so good at this moment.
I think what currently differentiate between cypark with solarvest and samaiden are cypark own RE plant like biogas plant, solar farm and waste to energy plant at the same time do EPCC while solarvest and samaiden only do EPCC. (Engineering, procurement, construction and commissioning) To own plant, need a lot of investment thats why cypark has a lot of dept. But after comissioning of the plant it will be like Electric IPP and highway concession in 1980 and 1990 where it will be super profit for a long time like 15 to 20 years.
Ya, after earning super profit, need to pay back its ballooning debts. Some more, not sure when wte can really commission considering lockdown persists? Is it really a good investment?
The example is there (IPP and Plus Highway), if you want steady and long term income then u need to invest big at the start. Long term investor will like this type of counter. Value appriciation and steady dividen will come for a long time.
Want for fast up and down counter should go to penny stock. High risk, high reward. Fast profit, fast to lose.
Anyway i think solarvest and samaiden are following cypark to if they want to own the solar plant from LLS4 ( if they win their tender). Then you will see samiden and solarvest accumulate dept too or diluting their shareholder by issuing a lot of PP.
Some people questioned about the lack of cash in despite the good profits. This is a fair worry in normal company operation but in the case of Cypark many of its projects falled under service concession agreement with the government. The accounting treatments for such projects may show profits even during the construction phase before project completion. So such projects may show accounting profits but may not show cash comping in. But nothing to worry. Lots of cash will come in later during operation.
One more thing. The debts for such concession projects are normally non recourse and ring fenced around the projects so no exposure to risk on the debts to Cypark holding co.
the only reason why we are able to accumulate at such discounted price is because EPF is selling to raise cash for members withdrawal - despite the sell down by EPF the share price continued to soar, extremely undervalued
Parking since 88cent with an average price of 92cents. WIth this kinda P/E compared with SolarVest & SAMAIDEN., even if P/E 15 also i laugh to the bank liao.
in bursa we yet to see the hype in solar similar to what happen in nasdaq which increase more than 300% this year. Average TP for cypark without or with minimal hype is 1.80. Buy this stock and hold, next QR release, you should have idea what you should do with this stock....
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....
Davidl
1,816 posts
Posted by Davidl > 2020-11-23 09:27 | Report Abuse
Mudajya too who involved in Solar EPCC