As state in its Q4 result, management expect the concessionaire in Tana Merah is expect to award soon, with CIMB predict by first quarter these year.
Anyhow, CYPark already install total capacity 38MW now and earning from RE will start increase by 3 fold these year onwards, consisting of 33MW solar and 5 MW Biogas, contribute about RM45m pa. If secure Tanah Merah these, there will be additional 20MW from biogmass.
CYPark also will likely proposed around 5sen TE dividend for last FY in these Feb. With expecting doubling its EPS these year, the dividend payout of 30% will increase further to 40% from 2013 onwards, give rise to projected dividend of 14sen (yield 8.5%), turning its to one of the highest yield in the market
CYpark is awaiting 20MW Biomass in its landfill at ladang Tanah Merah to be official sign under BOT for 25year concession.
CYpark currently already operate in Tanah Merah landfill site to treat and dispose municipal solid waste. As the landfill is capable to generate biomass up to 20MW, CYPark is secure concession and sign feed in traffic concession with TNB, it will enable CYpark not only derive eanring from tipping charge on solid waste but also earning from generating power from biomass.
Currently, CYpark already derive Renewal energy from its 8MW solar and 2MW biogas in Pajang (NS) integrated renewal energy park. So far, it have newly install another 5MW solar, making total RE 15MW (8+5 MW solar+ 2 MW biogass)
CYpark also replicate these integrate renewal energy park in other 3 other landfill, namely Bukit Palang (NS), Rimba Terjun (Johor), Kuala Perlis (Perlis), totaling another 20MW solar + 5 MW biogas.
All in all, CYPark RE division will increse multifold these year onward from 8MW solar to total 33MW solar and 7MW biogas. If CYpark can secure tanah Merah Biomass RE, it will add another 20MW biomass in its RE portfolio
1. Award of 20ME Biomass under BOT for 25year in Tanah Merah, NS. 2. Proposed dividend for FY2012, based on 30-40% payout, dividend is expect range from 5-6sen 3. Signing feed in traffic concession under renewal energy power purchase agreement with TNB, for all its newly installed solar and biogas renewal energy in various landfill power station: the integrated renewal energy park:
a: Additional 5 MW solar and 3 MW biogas in Pajam (NS) on top of exiting 8MW which already start contribute earning to CYPark since mar 2012. b. Bukit Palong (NS) : newly installed 7MW solar and 2 MW biogas c: Rimba Terjun (Johor): Newly installed 7MW solar and 2 MW biogas d. Kuala Perlis (Perlis): Newly installed 6MW and 1 MW biogas
For those interested to look for latest CYPark latest RE integrated energy park, please visit CYPark website http://www.crbenv.com 1. select news, 2. print Media, 3. press release 2012, 4. select Oct and select Oct9 2012 NST - GreenTechEdition CHANGING MALAYSIAS ENERGY LANDSCAPE.
These newly installed solar panel in various integrated energy park already completed last few month, follow by various testing and checking to meet system requirement. According to management, it is now now operational ready to supply solar energy through grid connect to TNB power tension. Currently awaiting TNB and CYpark to hold official ceremony to sign power feed in traffic agreement.
What make CYpark more appealing are all renewal energy command very high profit margin:
55% for Biogas; 50% for solar energy 32% for Biomas
In addition, CYPark is one of few small cap attract many local fund become it substantial shareholder, with Public mutual stand as largest institutional shareholder
Public Mutual: 6.86% OSK-UOA trust fund: 4.13% CIMB trust: 2.38% Great Eastern: 1.67% AMB trust: 1.46% MAAKL: 1.33%
All in all, local institutional fund control about 18% of total CYPark stake.
Razali is also owner of Iris Crop Bhd and Leader Universal Bhd...also sit on board & shareholder of Allianz Malaysia Bhd, Bright Mission Bhd & Gerbang Perdana Bhd...
cannot understand.many people say cypark is political stock.but both side also support green right?the other side support green until wear green shirt.
The renewal energy is lucrative contract, command about 35-55% margin, (35% for Biomass; 50% for solar and 55% for biogas). In addition, current gov even to to extent to facilitate development of RE by subsidized loan secure by rebating 2% on interest incur to lower down borrowing cost. Many company have rush to grab these lucrative RE contract. I think somehow, with close political link with Mahathir, Cypark damage to grab initial capacity 8MW in pajan, NS and is currently in the midst to secure official sign concession with TNB for another 33MW.
another thing, c the selangor water issue as an example, whatever it is, have to wait for ge to finish first for this counter to move forward, too bad.
The degree of political link is a key to assess the potential impact to upcoming GE. Many listed company have one or other way related to political link as UMMO lead govt is the only govt since independent day, they have no choice but have to somehow link to political in order to secure contract and for business survival. Thus, direct/indirect; mild or deep political link need to understand
The Renewable Energy Act & FiT mechanism is approved unanimously by both BN and opposition party. So the rate should not be a problem.
The problem is the allocation....so far opposition raised the issue only on Petronas Chairman's daughter who get the lion share of the concession on RM 2 companies. So far no opposition talked on Cypark...
Ya! its true both BN and PR also support, but we cannot rule out if PR form govt will relocate RE capability. The key is, all RE player must sign concession with TNB which act as agent to collect 1% surcharge from our electricity bill in order to derive profit. So far, CYpark only manage to sign its initial 8MW of ts total 33MW RE energy with TNB.
when they complain the petronas chairman daughter.they have praise cypark.say cypark more experience than they.but they get more quota without follow the FIT rules
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....
sephiroth
14,143 posts
Posted by sephiroth > 2013-01-21 11:21 | Report Abuse
value buy counter like presbhd, skpres, ntpm, mkland, kfima, padini, drbhcom, wct