CYPARK RESOURCES BERHAD

KLSE (MYR): CYPARK (5184)

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Last Price

0.97

Today's Change

+0.03 (3.19%)

Day's Change

0.97 - 1.07

Trading Volume

34,899,900


12 people like this.

7,036 comment(s). Last comment by superfra7 10 hours ago

yong1985cm

214 posts

Posted by yong1985cm > 2022-05-25 12:26 | Report Abuse


Godstock8888

i think the price drop because the money flow -257264

what do u mean by money flow?

Posted by BursaVulture > 2022-05-25 12:27 | Report Abuse

Lou Cy Park....

Posted by BursaVulture > 2022-05-25 12:27 | Report Abuse

Reminds me of ATA, first few days kept on dropping, but many refuses to cut loss. These kind of big drop and sudden move means insider throwing like crazy. They know something big and bad is coming.

Posted by Lukesharewalker > 2022-05-25 12:28 | Report Abuse

Rsi is zero. No resistance. Lol

whizzkid

1,336 posts

Posted by whizzkid > 2022-05-25 12:30 | Report Abuse

loose...no fun...need to look for a tight one.

newbie5354_

1,242 posts

Posted by newbie5354_ > 2022-05-25 12:33 | Report Abuse

Debts problem behind drop possible?

LubeTrader

238 posts

Posted by LubeTrader > 2022-05-25 12:35 | Report Abuse

With ATA the public knows what's happening. In this case, those who are not privy to the info is left in the dark. Traders starts speculating making the situation seems worse than it is. Gamblers takes advantage of the situation. In the end the company's reputation is ruined. Such damage takes a long time to repair.

Posted by Lukesharewalker > 2022-05-25 12:35 | Report Abuse

Beware even epf throwing
.....

Posted by Godstock8888 > 2022-05-25 12:36 | Report Abuse

yong1985cm
money flow negative means everyone worry the market facing bear signal , all want take back theirs money preferred than put $$$ in the stock market

Good123

24,794 posts

Posted by Good123 > 2022-05-25 12:44 | Report Abuse

kenapa jatuh? dah mau mati ka? :)


Thursday, 19 May 2022
5:53PM
CYPARK EMPLOYEES PROVIDENT FUND BOARD (100,000 units Disposed)
Tuesday, 17 May 2022
6:25PM
CYPARK DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
6:25PM
CYPARK DAUD BIN AHMAD (2,000,000 units Disposed)
6:25PM
CYPARK EMPLOYEES PROVIDENT FUND BOARD (16,500 units Disposed)
6:25PM
CYPARK RAZALI BIN ISMAIL (500,000 units Disposed)
6:25PM
CYPARK RAZALI BIN ISMAIL (500,000 units Disposed)
6:25PM
CYPARK DAUD BIN AHMAD (2,000,000 units Disposed)
Wednesday, 27 Apr 2022
6:34PM
CYPARK OTHERS
Tuesday, 26 Apr 2022
5:31PM
CYPARK DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
5:31PM
CYPARK HEADIR BIN MAHFIDZ (200,000 units Disposed)
Monday, 18 Apr 2022
1:24PM
CYPARK Appointment of NORSIMAH BINTI NOORDIN As Others
1:15PM
CYPARK Change in Remuneration Committee
1:15PM
CYPARK Change in Nomination Committee
1:15PM
CYPARK Appointment of NORSIMAH BINTI NOORDIN As Others
Friday, 15 Apr 2022
5:54PM
CYPARK DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
5:54PM
CYPARK HEADIR BIN MAHFIDZ (100,000 units Disposed)
Thursday, 31 Mar 2022
5:55PM
CYPARK MEMORANDUM OF UNDERSTANDING
5:54PM
CYPARK MEMORANDUM OF UNDERSTANDING
5:54PM
CYPARK MEMORANDUM OF UNDERSTANDING
5:54PM
CYPARK MEMORANDUM OF UNDERSTANDING
1:23PM
CYPARK 1Q net profit 15.532 million (increased 4.21%)
Monday, 28 Mar 2022
5:51PM
CYPARK General Meetings: Outcome of Meeting
Thursday, 24 Mar 2022
6:03PM
CYPARK OTHERS
Thursday, 10 Mar 2022
5:27PM
CYPARK DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
5:27PM
CYPARK ABDUL MALEK BIN ABDUL AZIZ (150,000 units Disposed)
Monday, 7 Mar 2022
5:23PM
CYPARK DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
Friday, 25 Feb 2022
5:37PM
CYPARK General Meetings: Notice of Meeting
Thursday, 20 Jan 2022
5:30PM
CYPARK OTHERS
Thursday, 6 Jan 2022
5:31PM
CYPARK OTHERS
Thursday, 30 Dec 2021
5:50PM
CYPARK MEMORANDUM OF UNDERSTANDING
5:49PM
CYPARK MEMORANDUM OF UNDERSTANDING
5:49PM
CYPARK MEMORANDUM OF UNDERSTANDING
5:49PM
CYPARK MEMORANDUM OF UNDERSTANDING
5:47PM
CYPARK Financial year end net profit 75.255 million (increased 6.52%)
Friday, 17 Dec 2021
12:51PM
CYPARK NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
Thursday, 16 Dec 2021
12:56PM
CYPARK Additional Listing Announcement /Subdivision of Shares
Tuesday, 7 Dec 2021
6:19PM
CYPARK MEMORANDUM OF UNDERSTANDING
Monday, 6 Dec 2021
6:03PM
CYPARK NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
Wednesday, 1 Dec 2021
1:02PM
CYPARK NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
Tuesday, 30 Nov 2021
12:50PM
CYPARK Additional Listing Announcement /Subdivision of Shares
Friday, 19 Nov 2021
6:01PM
CYPARK NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
Friday, 29 Oct 2021
12:50PM
CYPARK NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
Thursday, 28 Oct 2021
5:20PM
CYPARK DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
5:20PM
CYPARK HEADIR BIN MAHFIDZ (200,000 units Disposed)
12:49PM
CYPARK Additional Listing Announcement /Subdivision of Shares

Posted by BursaVulture > 2022-05-25 12:46 | Report Abuse

LubeTrader

No, ATA dropped for few days, close to 1 week then the news came out in TheEdge that dyson is not continuing with them. Insider has been throwing ATA for 1 week.

TalkC

855 posts

Posted by TalkC > 2022-05-25 13:06 | Report Abuse

so far only this news..

https://www.theedgemarkets.com/article/cypark-drops-much-15-425-sen-resumption-short-selling


need more time for director Daud & Razali to run?

williamtkb

3,216 posts

Posted by williamtkb > 2022-05-25 13:40 | Report Abuse

Similar to SD. Be cautions

Posted by WinBigOrLoseAll > 2022-05-25 13:47 | Report Abuse

another one to rescue, MoF print money also tak tahan.

jackylcs

40 posts

Posted by jackylcs > 2022-05-25 14:24 | Report Abuse

As I said, no support from big fund like EPF, tabung haji, it's easy to attack by short-selling. Malaysia green energy leading company kena attacked, like TopGlove.

DickyMe2

1,509 posts

Posted by DickyMe2 > 2022-05-25 14:31 | Report Abuse

What they have achieved so far to be proud of or worthy of defending?
Who is attacking a non-performing company?

Michael Kwok

6,077 posts

Posted by Michael Kwok > 2022-05-25 14:33 | Report Abuse

Is Najib only involve in 1MDB??Please read and search.

Please go to google and put search 1mdb cases the last 2 years.study 30 min or more then u know.
Not Najib alone but his cases only tip of the ice-berg.involve more thn 10 people include foreigner.
The PH people are twisting the facts.Do the news all write Najib do it??No partly involve.Duh why people in PH wanted to just point Najib but in reality more thn 10 people involve.
PH just do not accept the facts when Mahathir son also one of the shareholder in Sapura.Anwar say want to forensic accounts Sapura.Why dun set example by investigate Mahathir son firsts.
PH is just bias on others.Tq

whizzkid

1,336 posts

Posted by whizzkid > 2022-05-25 14:37 | Report Abuse

harder!!! harder!!! harder!!!!

whizzkid

1,336 posts

Posted by whizzkid > 2022-05-25 14:38 | Report Abuse

already?????

jackylcs

40 posts

Posted by jackylcs > 2022-05-25 14:38 | Report Abuse

@DickyMe2 that's why lo, which fund want to support non-performing company? If no want defending, sure attack la, simple as that.

whizzkid

1,336 posts

Posted by whizzkid > 2022-05-25 14:44 | Report Abuse

trapped!

CUTLOST

5,178 posts

Posted by CUTLOST > 2022-05-25 14:51 | Report Abuse

Esok new low lg..becareful

OngKawKaw

3,283 posts

Posted by OngKawKaw > 2022-05-25 14:51 | Report Abuse

BETUL BETUL SAIPARK…

Posted by Azam Sahlan > 2022-05-25 14:58 | Report Abuse

bought at 44c

yeah , no big news other than short selling pushing price down

(if that the case - i guess its just gambling n price attack)

fundamentally, the only thing that i think that can be of risk is that MAYBE cost of hardwares increases a lot due to inflation .hope they have some mechanism with suruhanjaya tenaga to mitigate this.

Posted by PenguinSociety > 2022-05-25 15:01 | Report Abuse

aiyo...

star168

460 posts

Posted by star168 > 2022-05-25 15:01 | Report Abuse

big shark can gain lots profit through short selling. that benefit for them, those who invest last few years have huge loss alreadly

star168

460 posts

Posted by star168 > 2022-05-25 15:02 | Report Abuse

sell high buy low.

star168

460 posts

Posted by star168 > 2022-05-25 15:03 | Report Abuse

very hard to go back high price, price is control by shark alrealdy

TalkC

855 posts

Posted by TalkC > 2022-05-25 15:06 | Report Abuse



star168

big shark can gain lots profit through short selling. that benefit for them, those who invest last few years have huge loss alreadly

4 minutes ago


U meant at what price?

ccpool

320 posts

Posted by ccpool > 2022-05-25 15:17 | Report Abuse

Where is the news?

https://tenor.com/view/laugh-gif-23661286

Good123

24,794 posts

Posted by Good123 > 2022-05-25 15:25 | Report Abuse

Usah shortselling . Banyak tunai :)

CYPARK RESOURCES BERHAD (Reg. No.: 200401004491(642994-H))
UNAUDITED INTERIM FINANCIAL REPORT FOR THE FIRST QUARTER ENDED 31 JANUARY 2022
Unaudited Condensed Consolidated Statements of Cash Flows
For the Fourth Quarter ended 31 October 2021 (continued)
Cash flows from financing activities *
Proceeds from issuance of ordinary shares
- Private placement
- ESOS
Share issuance expense
Perpetual sukuk - net of expenses
Payment of lease liabilties
Revolving credit, net
Short term borrowings, net
Term loans, net
Interest paid
Net cash flows generated from financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of financial year
Cash and cash equivalents at end of financial year
Cash and cash equivalents at the end of the financial year comprise the following:
Short term deposits with licensed banks
Cash at banks and in hand
Cash and bank balances
Less: Bank overdrafts
(72,295)
17,478,376
187,209,834
9,678,526 27,626,454
46,390,807
354,311,220
(653,288)
(11,902,486)
(27,710)
45,232,461
-
-
(9,026,667)
(265,421)
84,058,672
(52,943,670)
295,423,761
32,368,540
(14,230,578)
241,634,883 342,408,734
47,754,491
241,634,883 342,408,734

newtrader1989

1,429 posts

Posted by newtrader1989 > 2022-05-25 15:26 | Report Abuse

Strong competition between kpower and cypark. Lets see which one break into 30s first

Good123

24,794 posts

Posted by Good123 > 2022-05-25 15:29 | Report Abuse

SUMMARY OF KEY FINANCIAL INFORMATION
31 Jan 2022

INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Jan 2022
31 Jan 2021
31 Jan 2022
31 Jan 2021
$$'000
$$'000
$$'000
$$'000
1 Revenue
77,203
76,479
77,203
76,479
2 Profit/(loss) before tax
20,574
20,394
20,574
20,394
3 Profit/(loss) for the period
15,532
14,905
15,532
14,905
4 Profit/(loss) attributable to ordinary equity holders of the parent
15,816
14,983
15,816
14,983
5 Basic earnings/(loss) per share (Subunit)
2.14
2.64
2.14
2.64
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
2.0800
2.0900

Good123

24,794 posts

Posted by Good123 > 2022-05-25 15:31 | Report Abuse

CYPARK RESOURCES BERHAD (Reg. No.: 200401004491(642994-H))
UNAUDITED INTERIM FINANCIAL REPORT FOR THE FIRST QUARTER ENDED 31 JANUARY 2022
Unaudited Condensed Consolidated Statements of Financial Position As at 31 January 2022
Unaudited Audited
As At As At
31 Jan 2022 31 Oct 2021
RM RM
Assets
Non-current assets
Plant and equipment 524,324,635 484,485,374
Right-of-use assets 37,477,095 5,945,864
Intangible assets 921,716,208 916,048,638
Investment in an associate 3,321,828 3,273,225
Other Investment 8,000,000 8,000,000
Deferred tax assets 12,205,847 10,210,299
Trade receivables 2,405,927 2,405,927
1,509,451,540 1,430,369,326
Current assets
Trade and other receivables 219,354,218 192,887,653
Contract assets 844,679,210 826,298,217
Tax assets 2,084,475 1,793,437
Deposits, cash and bank balances 244,711,974 298,457,404
1,310,829,877 1,319,436,711
Total assets 2,820,281,417 2,749,806,037
Equity and liabilities
Current liabilities
Loans and borrowings 252,463,017 256,971,622
Lease liabilities 993,142 645,000
Trade and other payables 82,570,227 120,815,674
Tax payable 7,106,564 7,825,648
343,132,951 386,257,944
Net current assets 967,696,926 933,178,767
Non-current liabilities
Loans and borrowings 1,146,215,725 1,099,486,192
Lease liabilities 37,340,157 5,882,450
Trade payables 43,147,739 42,689,759
Deferred tax liabilities 27,000,060 24,955,240
1,253,703,680 1,173,013,641
Total liabilities 1,596,836,631 1,559,271,585
Net assets 1,223,444,786 1,190,534,452
Equity
Share capital 514,382,528 496,904,153
Reverse acquisition reserve (36,700,000) (36,700,000)
Employee share option reserve 2,337,594 2,337,594
Treasury Shares (5,790,060) (5,790,060)
Retained earnings 535,768,927 523,410,216
Perpetual Sukuk 212,252,608 208,894,862
Non-controlling interests 1,193,189 1,477,687
Total Equity 1,223,444,786 1,190,534,452
Total equity and liabilities 2,820,281,417 2,749,806,037
Net assets per share attributable to owners of the Company (RM) 2.08 2.09
Note:
1. The Unaudited Condensed Consolidated Statements of Financial Position should be read in conjunction with the audited financial statements for
the financial year ended 31 October 2021 and the accompanying notes attached to the unaudited interim financial statements

abcb

2,808 posts

Posted by abcb > 2022-05-25 15:31 | Report Abuse

Another problematic company on the move
Will it be the second SERBADK?

Good123

24,794 posts

Posted by Good123 > 2022-05-25 15:32 | Report Abuse

CYPARK RESOURCES BERHAD (Reg. No.: 200401004491(642994-H))
UNAUDITED INTERIM FINANCIAL REPORT FOR THE FIRST QUARTER ENDED 31 JANUARY 2022
Unaudited Condensed Consolidated Statements of Comprehensive Income
For the First Quarter ended 31 January 2022
Current Year Preceding Year Current Year Preceding Year
Quarter Quarter To Date To Date
31 Jan 2022 31 Jan 2021 Changes 31 Jan 2022 31 Jan 2021 Changes
RM RM % RM RM %
Continuing operations
Revenue 77,202,543 76,479,214 0.9% 77,202,543 76,479,214 0.9%
Cost of sales (53,167,752) (53,139,199) 0.1% (53,167,752) (53,139,199) 0.1%
Gross profit 24,034,791 23,340,015 3.0% 24,034,791 23,340,015 3.0%
Other income 631,712 928,054 -31.9% 631,712 928,054 -31.9%
Administrative expenses (2,454,412) (2,087,666) 17.6% (2,454,412) (2,087,666) 17.6%
Operating profit 22,212,091 22,180,403 0.1% 22,212,091 22,180,403 0.1%
Finance costs (1,686,385) (1,676,427) 0.6% (1,686,385) (1,676,427) 0.6%
Share of results of an associate 48,604 (109,991) -144.2% 48,604 (109,991) -144.2%
Profit before tax 20,574,310 20,393,985 0.9% 20,574,310 20,393,985 0.9%
Tax expense (5,042,346) (5,488,916) -8.1% (5,042,346) (5,488,916) -8.1%
Profit for the year 15,531,964 14,905,069 4.2% 15,531,964 14,905,069 4.2%
Other comprehensive income net of tax - - - -
Total comprehensive income for the year 15,531,964 14,905,069 4.2% 15,531,964 14,905,069 4.2%

Total comprehensive income attributable to:-
- Owners of the Company 15,816,462 14,982,846 5.6% 15,816,462 14,982,846 5.6%
- Non-controlling interest (284,498) (77,777) (284,498) (77,777)
15,531,964 14,905,069 4.2% 15,531,964 14,905,069 4.2%
Earnings per share for profit attributable
to the owners of the Company (sen per share)
- Basic 2.14 2.64 2.14 2.64
- Diluted 2.13 2.62 2.13 2.62

Johnzhang

2,955 posts

Posted by Johnzhang > 2022-05-25 15:32 | Report Abuse

Cypark, along with hengyuan, Petronm and hibiscus are attached by sharks.

abcb

2,808 posts

Posted by abcb > 2022-05-25 15:32 | Report Abuse

Hopefully don't show us fake account

Good123

24,794 posts

Posted by Good123 > 2022-05-25 15:33 | Report Abuse

CYPARK RESOURCES BERHAD (Reg. No.: 200401004491(642994-H))
UNAUDITED INTERIM FINANCIAL REPORT FOR THE FIRST QUARTER ENDED 31 JANUARY 2022
Unaudited Condensed Consolidated Statements of Cash Flows
For the First Quarter ended 31 January 2022
Cash flows from operating activities
Profit before tax
Adjustments for:
Depreciation of plant and equipment
Share of results in associated company
Unrealised foreign exchange gain
Issuance of ESOS
Depreciation of right-of-use assets
Amortisation of intangible assets
Finance income - other liabilities at amortised costs
Interest expense
Interest income
Operating cash flows before changes in working capital
Changes in working capital:
Trade and other receivables
Contract assets
Trade and other payables
Cash flows used in operations
Tax paid
Net cash flows used in operating activities *
Cash flows from investing activities
Additions to intangible assets
Plant and equipment
Additions to right-of-use assets
Interest received
Net cash flows used in investing activities
(398,700) (14,804)
618,703
(47,175,868)
(6,577,489) (9,829,568)
(2,153)
(48,604)
(1,599)
(37,785,314) (9,551,186)
9,463,800 9,432,418
(618,703)
30,722,076
(18,380,993) (58,600,741)
3 months ended
31 Jan 2022 31 Jan 2021
RM RM
20,574,310
Restated
20,393,985
735,053
2,007,834
32,651,325
(26,067,865)
109,991
- (27,203)
2,176,625
909,919
269,395
909,919
196,130 223,715
-
(735,053)
(6,003,196)
(41,382,520)
(7,634,659)
(49,582,846)
(55,586,043) (12,481,109)
(47,740,006)
32,583,402
(4,846,450)
(38,066,549)
5|P a g e
CYPARK RESOURCES BERHAD (Reg. No.: 200401004491(642994-H))
UNAUDITED INTERIM FINANCIAL REPORT FOR THE FIRST QUARTER ENDED 31 JANUARY 2022
Unaudited Condensed Consolidated Statements of Cash Flows
For the Fourth Quarter ended 31 October 2021 (continued)
Cash flows from financing activities *
Proceeds from issuance of ordinary shares
- Private placement
- ESOS
Share issuance expense
Perpetual sukuk - net of expenses
Payment of lease liabilties
Revolving credit, net
Short term borrowings, net
Term loans, net
Interest paid
Net cash flows generated from financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of financial year
Cash and cash equivalents at end of financial year
Cash and cash equivalents at the end of the financial year comprise the following:
Short term deposits with licensed banks
Cash at banks and in hand
Cash and bank balances
Less: Bank overdrafts
(72,295)
17,478,376
187,209,834
9,678,526 27,626,454
46,390,807
354,311,220
(653,288)
(11,902,486)
(27,710)
45,232,461
-
-
(9,026,667)
(265,421)
84,058,672
(52,943,670)
295,423,761
32,368,540
(14,230,578)
241,634,883 342,408,734
47,754,491
241,634,883 342,408,734
244,711,974
(3,077,091) (145,264)

Posted by Lukesharewalker > 2022-05-25 15:33 | Report Abuse

Limit down?

fruitcake

709 posts

Posted by fruitcake > 2022-05-25 15:38 | Report Abuse

kaput. get the hell out. hahaha

drobertp40

205 posts

Posted by drobertp40 > 2022-05-25 15:39 | Report Abuse

Good123, can you just provide the link if you want to share long piece of info verbatim? Really appreciate it. Tqv.

Good123

24,794 posts

Posted by Good123 > 2022-05-25 15:46 | Report Abuse

April 1, 2022

Energy Malaysia

THIS REPORT HAS BEEN PREPARED BY MAYBANK INVESTMENT BANK BERHAD
SEE PAGE 9 FOR IMPORTANT DISCLOSURES AND ANALYST CERTIFICATIONS

PP16832/01/2013 (031128)

Abbreviations
MW – Megawatt
LSS – Large Scale Solar
WTE – Waste to Energy

Nur Farah Syifaa
nurfarahsyifaa.mohamadfuad@maybank-ib.com
(603) 2297 8675
Cypark Resources (CYP MK)
1QFY22 in-line

Maintain BUY
Cypark’s 1QFY22 core net profit came in within expectations where
earnings were at 17%/18% of our/consensus’ full year estimates. This was
also in-line with expectation of earnings improvement in 2H, upon
completion of LSS2, LSS3 and WTE. Nevertheless, we adjust lower our
FY22/23/24E net profit by 23%/10%/10% respectively, as we anticipate
delay in commissioning of WTE to July 2022 (previously April) and after
adjusting for distribution of perpetual sukuk. Our SOP-based TP is
unchanged at MYR1.35. Maintain BUY.
Within expectations
1QFY22 core net profit was MYR12.1m (-3% YoY). Our core net profit
calculation excludes the MYR3.4m distribution to perpetual sukuk.
Operations-wise, results were within our expectations as we were
expecting LSS2, LSS3 and WTE to commence in 2H22. YoY, revenue and PBT
marginally increased by 0.9% from Renewable Energy segment due to
better energy generation from most of the solar plants. PAT for 1QFY22
increased 4% YoY to MYR15.5m from lower deferred tax expenses.
Revising down forecasts
Our revised forecast imputes a delay in the commissioning of WTE to July
2022 (prev. April 2022). We note that WTE faced multiple manpower
disruptions in Jan and Feb, due to surge in Covid cases and restrictive SOP
during its testing and commissioning phase. We also now include
distribution to perpetual sukuk into our forecasts. As a result, our net
profit forecasts for FY22/23/24E are lowered by 23%/10%/10%.
Earnings to improve from 2H22
Cypark expects its RE portfolio to grow from 2H22 onwards, whereby it
expects to manage and operate a combined solar capacity of 230MW vs.
70MW currently. The solar PV projects for the remaining 60MW under LSS2
in Kelantan and 100MW under LSS3 in Terengganu are expected to
complete in 2Q of 2022. We also expect it to kick start its first WTE plant
in Ladang Tanah Merah, Negeri Sembilan in July 2022, given that the
project is in the last leg of completion.

Share Price MYR 0.82
12m Price Target MYR 1.35 (+69%)
Previous Price Target MYR 1.35
BUY

Company Description

Statistics
52w high/low (MYR)
3m avg turnover (USDm)
Free float (%)
Issued shares (m)
Market capitalisation
Major shareholders:

9.9%
6.0%
5.9%
596
0.2
Cypark Resources is pioneering developer and
provider in renewable energy, green tech &
environmental services, and waste management &
WTE.

BIN AHMAD DAUD
BIN ISMAIL RAZALI
Employees Provident Fund

1.36/0.79
75.7
MYR486.1M
USD116M

Price Performance

80
100
120
140
160
180
200
220
240
260
280

0.70
0.80
0.90
1.00
1.10
1.20
1.30
1.40
1.50
1.60
1.70

Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 Oct-21 Jan-22
Cypark Resources - (LHS, MYR)
Cypark Resources / Kuala Lumpur Composite Index - (RHS, %)
-1M -3M -12M
Absolute (%) (4) (10) (37)
Relative to index (%) (3) (11) (38)
Source: FactSet

FYE Oct (MYR m) FY20A FY21A FY22E FY23E FY24E
Revenue 304 315 407 535 536
EBITDA 123 114 160 235 234
Core net profit 70 63 71 106 106
Core EPS (sen) 11.2 10.1 11.4 17.0 17.1
Core EPS growth (%) (23.9) (9.4) 12.4 49.4 0.4
Net DPS (sen) 0.0 0.0 2.9 4.3 4.3
Core P/E (x) 7.2 9.8 7.1 4.8 4.8
P/BV (x) 0.6 0.6 0.5 0.4 0.4
Net dividend yield (%) 0.0 0.0 3.5 5.2 5.2
ROAE (%) 8.8 7.0 6.9 9.5 8.8
ROAA (%) 3.1 2.5 2.5 3.7 3.7
EV/EBITDA (x) 11.0 14.7 10.0 6.3 5.7
Net gearing (%) (incl perps) 90.4 88.9 86.2 70.7 56.2
Consensus net profit - - 86 99 97
MKE vs. Consensus (%) - - (17.3) 6.7 9.2

Posted by investmalaysia618 > 2022-05-25 15:46 | Report Abuse

ya wor. interest rate still can increase de leh. dont play play. avoid huge debt companies

newtrader1989

1,429 posts

Posted by newtrader1989 > 2022-05-25 15:50 | Report Abuse

Tomorrow tp 15c.

Fklim888

1,613 posts

Posted by Fklim888 > 2022-05-25 15:50 | Report Abuse

Good 123..macam you punya mlab....sudah jadi super penny...

bu4567

23 posts

Posted by bu4567 > 2022-05-25 15:52 | Report Abuse

Freefall must be very bad news

hoot9e996

1,813 posts

Posted by hoot9e996 > 2022-05-25 15:52 | Report Abuse

bloody hell.... cut my fingers

Posted by investmalaysia618 > 2022-05-25 15:52 | Report Abuse

lss3 is a low margin and high capital project

daren

112 posts

Posted by daren > 2022-05-25 15:53 | Report Abuse

On its way to lower limit 20c?

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