CYPARK RESOURCES BERHAD

KLSE (MYR): CYPARK (5184)

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Last Price

0.665

Today's Change

-0.01 (1.48%)

Day's Change

0.655 - 0.67

Trading Volume

3,274,500


13 people like this.

7,121 comment(s). Last comment by Kawasaki668 3 days ago

star168

460 posts

Posted by star168 > 2021-12-08 11:19 | Report Abuse

If for long term, i believe i can go higher but not now. Wait for next year......

star168

460 posts

Posted by star168 > 2021-12-08 17:35 | Report Abuse

Small volume today, only small fish buy and sell today

Posted by norzam6020 > 2021-12-09 11:50 | Report Abuse

Guys,WTE plant at LTM is prepairing for commissioning soon will be ready for operation,so last call for accumulation before shares moving up.
Thank you,just to share info.

syuraizat

47 posts

Posted by syuraizat > 2021-12-09 15:40 | Report Abuse

mat salleh yg nak buat testing and commisioning tu dah sampai ke belum norzam?

Posted by norzam6020 > 2021-12-09 16:59 | Report Abuse

Dah sampai tapi bukan mat salleh tapi Chinese.

DickyMe

14,740 posts

Posted by DickyMe > 2021-12-09 17:00 |

Post removed.Why?

star168

460 posts

Posted by star168 > 2021-12-09 21:46 | Report Abuse

Nobody interested to cypark now. This stock make a lot ppl scared already

star168

460 posts

Posted by star168 > 2021-12-09 21:47 | Report Abuse

Seek like good future but price drop non stop

azmulm

7 posts

Posted by azmulm > 2021-12-17 19:24 | Report Abuse

Completed PP?

Karlos

1,277 posts

Posted by Karlos > 2021-12-18 09:08 | Report Abuse

In fact those directors really own and run the company!

Posted by finsolution > 2021-12-24 12:48 | Report Abuse

2021 many counter gg

hng33

20,306 posts

Posted by hng33 > 2021-12-28 12:34 | Report Abuse

Solar power plant no longer attractive business concession, profit margin already down to mid single digit due to low power traffic rate.

Up next is waste to energy power, the most lucrative power plant, reap double digit profit margin, derive dual profit source, waste tipping fees and energy traffic

Posted by norzam6020 > 2021-12-29 10:11 | Report Abuse

Cypark is ok due to commissioning of WTE at Ladang tanah merah soon,so can hole yr position and if down can collect more guys.

hng33

20,306 posts

Posted by hng33 > 2021-12-29 10:35 | Report Abuse

Two more WTE expect to announce early next year, Johor and Melaka, each value RM 500m. The award is almost certain as cypark JV with state wholly own investment company to jointly bid for these project.

TalkC

855 posts

Posted by TalkC > 2021-12-30 12:11 | Report Abuse

where did you get the news?

hng33 Two more WTE expect to announce early next year, Johor and Melaka, each value RM 500m. The award is almost certain as cypark JV with state wholly own investment company to jointly bid for these project.
29/12/2021 10:35 AM

hng33

20,306 posts

Posted by hng33 > 2021-12-30 18:17 | Report Abuse

Cypark is participating in two WTE tenders in Johor and Malacca in
collaboration with Johor and Malacca state owned companies. The two WTE tenders are part of the five WTE tenders
that were announced by KPKT under its national WTE implementation plan. With the track record of constructing,
owning, and operating the country’s first WTE plant, Cypark stands a good chance to win more WTE projects in the
future. Cypark expects future WTE plant capacity to be between 15MW to 25MW with an expected investment value
of above RM500 million each

Remark: Tender already call in early 2021, the outcome will release in early 2022

DickyMe

14,740 posts

Posted by DickyMe > 2021-12-30 18:21 | Report Abuse

"..state owned companies"

aka as politically linked companies?

The end result is obvious.

hng33

20,306 posts

Posted by hng33 > 2021-12-30 18:28 | Report Abuse

Collection waste is under state and local government management, waste managment is charge to residence and industrial through cukai picture. Waste to energy is additional profit contributor to state coffer. State own company joint cypark to built waste to energy is best concession business model

DickyMe

14,740 posts

Posted by DickyMe > 2021-12-30 18:31 | Report Abuse

"Waste to energy is additional profit contributor to state coffer. "
==========================================

If it contributes higher profit to state, why hire private companies to settle for lower profit?

Why not give employment to Malaysians, the cost will be lesser.

hng33

20,306 posts

Posted by hng33 > 2021-12-30 18:52 | Report Abuse

State is through its wholly own investment company to joint cypark. State governement itself is no good in running business, it only focus on stake ownership in power plant, therefore it need specialist cypark to buit, operate power plant and taking stake together with cypark to jointly own power plant

DickyMe

14,740 posts

Posted by DickyMe > 2021-12-30 18:57 | Report Abuse

"State governement itself is no good in running business,"

This is your assumption.

Running a business and state administration is not much different.

State government can hire experts in the field and don't have to rely on private companies like Cypark which obviously is a rentseeker.

hng33

20,306 posts

Posted by hng33 > 2021-12-30 19:05 | Report Abuse

hahaha, the fact is all electrity generated in Malaysia are own by private, but through governmenet linked fund, have equity stake in tenaga, malakrof, YTLP

lloydlim

3,967 posts

Posted by lloydlim > 2021-12-31 00:25 | Report Abuse

Time to accumulate!

daljeet

40 posts

Posted by daljeet > 2021-12-31 14:39 | Report Abuse

revenue up...operating cash flow negative..no cash in flow...keep doing fund raising from shareholders..receivables and contract assets keep ballooning...what happening?

Stock Kingdom

1,005 posts

Posted by Stock Kingdom > 2021-12-31 15:36 | Report Abuse

Cash flow is a constant issue for Cypark for years, until one day it has started to generate positive cash flow from operating activities, it will not have the opportunity of revaluation.

Even it has positive cash flow then, its huge loans are another obstacle.

Anyhow, after observing this company for than 5 years, this is how the business should go for Cypark, no other better way.

(No big daddy, Not GLC, no choice)

Stock Kingdom

1,005 posts

Posted by Stock Kingdom > 2021-12-31 15:41 | Report Abuse

This WTE should be awarded pioneer status for tax exemption by Government, what a shame on Government do not enough to encourage this kind of GREEN industry.

Hope this operation will generate good profit for CYPARK.

xxxxxxxxxx
Waste Management & Waste-to-Energy
The revenue for this division increased significantly to RM17.8 million in 4Q2021 as compared RM2.1 million recorded in 4Q2020. The increase was mainly contributed by the work progress recognised from the Waste-toEnergy (“WTE”) project and specialist projects secured in this division. The profit before tax increased by RM4.6 million to RM6.2 million as compared to RM1.5 million recorded in 4Q2020.

Stock Kingdom

1,005 posts

Posted by Stock Kingdom > 2021-12-31 15:46 | Report Abuse

Government should encourage more & giving out more incentives, rather than leaving to market to compete themselves.

Single digit profit is not good for such huge upfront capital intensive business.

xxxxxxxxxxxxx
hng33 Solar power plant no longer attractive business concession, profit margin already down to mid single digit due to low power traffic rate.

Up next is waste to energy power, the most lucrative power plant, reap double digit profit margin, derive dual profit source, waste tipping fees and energy traffic
28/12/2021 12:34 PM

hng33

20,306 posts

Posted by hng33 > 2021-12-31 16:07 | Report Abuse

Cypark WTE yet to start commision, therefore, there will no cash infl;ow from opeeration. WTF now at final specialize work, cypark recognize these final progress stage as work in progress value. These final stage is on track to complete very soon as country border have open to allow specialist to perform such final work on WTF.

After so much delay, its final court down time for cypark to start commision the most lucrative WTF concession witin next 1-2 month now.

hng33

20,306 posts

Posted by hng33 > 2021-12-31 16:13 | Report Abuse

Cypark share price alreaady at bottom level, all awaiting first WTF to start commision, generate high profit margin asnd net cash inflow from operation. On top of that, 2022 will also commision its LSS2 100MW and LSS3 150MW, all ready to strat generate net positive cash flow.

Hence, 2022 is definitely turnaround for cypark, all major project, First WTF (Q1 2022) + LSS2 (Mid 2022) and LSS3 (end 2022) set for completion while awaiting award for another 2 WTF for Melaka and Johor

smartly

6,431 posts

Posted by smartly > 2021-12-31 16:23 | Report Abuse

not sure the financial figures genuine or not. i hope not another serbak...

hng33

20,306 posts

Posted by hng33 > 2021-12-31 16:33 | Report Abuse

Of course the WTF power plant is genuine as plant is located clearly in NS and LSS2 and LSS3 all can be locate easily in their respective site with work in progress solar panel built up clearly observe.

hng33

20,306 posts

Posted by hng33 > 2021-12-31 16:39 | Report Abuse

The financial statement is backed by asset work in progress in WTF, LSS2 and LSS3.

The net cash inflow will start record in financial statement once thesde project start commission

Remark: Cypark now is already in last mile after long gestation of its 3 core project WTF, LSS2 and LSS3. A little more time is needed in 2022 to spur turnaround for cypark

Posted by sweetpotato > 2021-12-31 18:29 | Report Abuse

This is capital intensive business. MCOs caused multiple delays in completing WTE, LSS2 & 3. And such delays added more cost to the projects. Nevertheless, as many said, they are now at "last mile" to complete and commission these projects. Their cashflows will improve from thereon. The current valuation is attractive. Expect to have a very good year 2022 for Cypark.

hng33

20,306 posts

Posted by hng33 > 2021-12-31 20:24 | Report Abuse

Unlike coal fire or gas fire power plant, which need feedstock to generate power. Solar is essentially getting FOC solar ( but limit only to day time) and WTF charge tipping fee on waste collected (extra profit), generate power from waste to sell electricity ( dual income)

HrryPttr

1,975 posts

Posted by HrryPttr > 2022-01-03 03:41 | Report Abuse

Limit down soon

Posted by norzam6020 > 2022-01-03 08:31 | Report Abuse

Limit down soon ??????????

Karlos

1,277 posts

Posted by Karlos > 2022-01-03 08:38 | Report Abuse

More likely to be limit up rather than down!

daljeet

40 posts

Posted by daljeet > 2022-01-03 09:33 | Report Abuse

WTE still not commissioned since 2019 completion.

lloydlim

3,967 posts

Posted by lloydlim > 2022-01-03 13:23 | Report Abuse

Time to accumulate!

Posted by norzam6020 > 2022-01-04 08:34 | Report Abuse

WTE expected to com soon,correct time to accumulate

Posted by norzam6020 > 2022-01-05 12:18 | Report Abuse

Go cypark go

Karlos

1,277 posts

Posted by Karlos > 2022-01-05 14:44 | Report Abuse

Started to build base on the way up. Cypark is much undervalued and misunderstood. It is in fact the leading renewable energy company here in Malaysia and started in this sector some time ago already and will reap good returns going forward,
Cypark had managed to developed and still continue to add a large portfolio of renewable energy projects ranging from solar, biomass, biogas to WTE. It is worth noting that many of the for the projects, for example solar farms were built much earlier where the rates of returns were much more lucrative than now.

Dangel

422 posts

Posted by Dangel > 2022-01-05 14:54 | Report Abuse

Totally agreed with u Karlos.

Karlos

1,277 posts

Posted by Karlos > 2022-01-06 17:57 | Report Abuse

Cypark has completed an EPCC for a 30 MWac/49 MWdc solar farm project for a client in Kedah ahead of time. Cypark to do the O&M as well for 21 years for the project and provide the financing too. Excellent and Syabas to Cypark!

镠公公

648 posts

Posted by 镠公公 > 2022-01-06 19:10 | Report Abuse

Limit up

DoubleL

10 posts

Posted by DoubleL > 2022-01-09 12:57 | Report Abuse

Why this company every qr make good profit, but cash flow still so bad? Any reason ? Seek like good future, but cash flow too bad. why? TNB or other customer didn't pay money to cypark ?

Karlos

1,277 posts

Posted by Karlos > 2022-01-11 07:58 | Report Abuse

Must understand the company you are investing throughly before you invest. Experience and knowledge in the biz in which Cypark is involved together with some understanding of accounting and finance are required to value the company properly.
Otherwise if you just looking on the surface the current high gearings and negative cashflows with out understand what behind those numbers, you may not make the right valuation. One more thing, investors always look to the future not in the past or even what is happening now.

DoubleL

10 posts

Posted by DoubleL > 2022-01-11 11:15 | Report Abuse

I read the prospect through qr, seek like really good future, but after announced of completion of project, price drop no stop. I waiting to buy some.

Posted by ITreeinvestor > 2022-01-11 14:43 | Report Abuse

private placement like muhibah is coming in near term

Karlos

1,277 posts

Posted by Karlos > 2022-01-11 15:56 | Report Abuse

The last 3 Private Placements were all done at 95 sen, all above the current market price!

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