Question : Is another round of Sukuk holders' approval required on the bond repayment IF the COD of either the WTE/Solar plant got deferred beyond Sept 2022?
Answer: Don think testing take so long to complete, but, Since the extension sought is until end Sept 2022, and price tumble already largely reflect these risk, perhaps just hold and wait for management update in coming Q result by end month.
the delay was explained. RAM rating on sukuk is still ok. qr is coming. barring any new bad news in coming days, i expect this momentum will keeps going on.
I believe cypark may should trade surpass 40sen ahead of its Q result to be release end month. Share price may trade narrow range up to 60sen before Sept 2022 , a new date Commerical commission for both WTE and LSS2 and LSS3 solar IPP, once COD is confirm, share price should rebound back to above 90sen.
In short, shareholder could expect return of 100% if above 60sen for period july-Aug and return 200% if COD achieved, share price above 90sen after Sept 2020
i still remember last time when cypark reach 1.5above, alot ppl say it will go rm2, but ......hmmm... cypark break new low, hope future can brrak new high
the two directors so call the captain of cypark have reduce their stake from 15% to 5% each,.........the captains have run away,.......ship is about to sink into blue ocean,.......they say bye-bye first,........
"All in" KY, there is no possibility of Maybank dropping to RM4 even if recession were to hit hard. However, Cypark may fall to 4 sen in a severe recession.
KUALA LUMPUR (June 7): Former National Water Services Commission (SPAN) commissioner Datuk Dr Hasnul Mohamad Salleh has been appointed as an independent and non-executive director of Cypark Resources Bhd.
In a bourse filing, Cypark said Hasnul served as a commissioner of SPAN for two years until September 2019 and had a hand in the restructuring of the water industry in Malaysia.
Hasnul, 65, is also a former deputy director general of the Public Works Department, and former director general of the Water Supply Department.
Hasnul studied in the UK and holds a PhD in civil engineering from Heriot-Watt University, masters of science in public health and environmental control engineering from Strathclyde University and bachelor of science in civil engineering from University College Swansea.
Cypark's share price settled 1.41% or half a sen higher at 36 sen on Tuesday (June 7), bringing a market capitalisation of RM211.74 million.
Source: TheEdge - 8 Jun 2022
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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....
kyliew
1,397 posts
Posted by kyliew > 2022-06-20 12:50 | Report Abuse
start rebound liao