The greater risk before is default of payment to cypark bond, but, if extraordinary meeting with bond/sukuk holder already approve to reschedule payment term to delay payment term from June to Sept, then, the risk is eliminated totally.
Now, is only for cypark to fulfill new date commission WTE and solar IPP to Sept.
The strong momentum is high enough to fend off IDSS. Very soon you will get update from cypark management as Q result will release by end of these month.
The strong momentum is high enough to fend off IDSS. Very soon you will get update from cypark management as Q result will release by end of these month.
As said, the earlier biggest risk is default payment to sukuk due to delay commission solar IPP and WTE to meet last date set by sukuk end June 2022.
Cypark issue notice of extraordinary meeting to sukuk holder in 26 May, the 2 week notice coincide with rebound cypark share price last friday.
The notice is for sukuk holder to approve reschedule commission date from end June to end Sept 2022 for repayment period delay after Sept 2022 to meet new delay commission date
"The notice is for sukuk holder to approve reschedule commission date from end June to end Sept 2022 for repayment period delay after Sept 2022 to meet new delay commission date" =========================
Cypark business is concessions, unlike tech stock which trade at high PE can trade above 20x due to growth exponential.
However, the good thing is that concession business allow long term steady profit for 21 year. The only risk is to meet date commission, if delay, risk is high, but if testing completed, commercial commission start, then valuation at least back to above PE 10x
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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....
star168
460 posts
Posted by star168 > 2022-06-17 18:18 | Report Abuse
gt profit just sell, dont expect too much .