This company create money out of thin air thru concession with TNB by borrowing. Interest rate picking up is not good for company with tonnes of debts.
who can dig out the "contract assets & trade receivable" owing by whom ...???? if this 2 mainly was due by government.. i will grab some from now on.....
Kejutan boleh berlaku bila2 masa. Sabar ya! Kwap mahupun kwsp :)
KUALA LUMPUR (May 27): Kumpulan Wang Persaraan (Diperbadankan) (KWAP) on Wednesday (May 25) bought 22,900 shares in Power Root Bhd through the open market, upping its interest in the company to 28.45 million shares.
KWAP's latest direct and indirect interest in the company stood at 6.2% (25.53 million shares) and 0.71% (2.92 million shares) respectively, according to Power Root's bourse filing on Thursday.
The filings also showed that KWAP acquired 850,200 shares in Power Root from May 6 to 24.
Previously, KWAP held 6.15% (25.53 million shares) and 0.49% (2.02 million shares) direct and indirect stakes respectively in the company as of April 27.
Dah muncul gang high net worth attacking share companies. Sungguh jahat haha
KUALA LUMPUR (May 27): Bursa Malaysia said on Friday (May 27) the proprietary day traders (PDT) short selling and intraday short selling (IDSS) of Power Root Bhd shares have been suspended as the instant coffee maker's share price dropped more than 15 sen or 15% from the reference price, which refers to the stock's closing price of RM1.69 on Thursday (May 26).
"Please be informed that short selling under PDT and IDSS for stock PWROOT (7237) has been suspended for the rest of the day (May 27) as the last done price of the approved securities dropped more than 15 sen/15% from the reference price. The short selling under PDT and IDSS will only be activated on the following trading day, Monday, May 30, 2022 at 08.30 am," Bursa said in a special announcement on its website.
The Board of Directors of Cypark Resources Berhad wishes to announce that RAM Rating Services Berhad has reaffirmed the long-term rating of AA3 for Cypark Ref Sdn. Bhd.’s RM550 million SRI Sukuk Murabahah Programme (2019/2041) via its letter dated 26 May 2022.
The AA3 rating indicates high safety for payment of financial obligations. The rating outlook is maintained at negative to reflect RAM Ratings’ concerns of extended construction delays for the two floating solar plants at Danau Tok Uban beyond its stressed timeline.
RAM Ratings' rating assessment has also considered the extraordinary resolution notice that was circulated to the sukukholders on 23 May 2022. These changes, including modifications to the transaction terms and payment structure, are not averse to the issue rating.
The reaffirmation of rating at AA3 is expected to provide confidence to sukukholders to support the proposed amendments in the extraordinary resolution favourably.
Short Selling is the weapon used by syndicates and "big boys" to "kill" the retail investors. This is what and how the Wall Street making the rich to become richer
if they default the payment then RAM rating will be downgraded immediately. better safe than sorry, not gonna to touch this until all things are sorted out
told you guys to run... but no. once you see this kind of huge drop but company kept quiet... insiders are throwing, throw via official account and dump last minute via proxy account.
margin call, like last time... should be... the drop started on 24/5, the same day EPF dump 5mil & 1 director 4mil after that 25/5 & 26/5 big sales dy EPF do short selling ka?
They learn from SD experience. Sell for cash profit first and act don't know why share price dropped. I know why... Because Directors and EPF offloading in huge volume. LOL
base on my observation, EPF selling on 24/5 trigger price drop and subsequet cause force selling by the director. If this is true, that explain the reason behind price fall. EPF 5mil volume enough to trigger huge drop in price (as avg volume only 1-2 mil per day).
Now, we need to guess why EFP is selling big? is it only normal cashing out due to EFP need money to replenish thier pocket after huge withdrawal by member recently? Or EPF smell smtg wrong with Cypark? I personally EPF not that smart, they are always last to run (see serbak case you know).
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....
whizzkid
1,336 posts
Posted by whizzkid > 2022-05-27 10:14 | Report Abuse
malu apa bosku...