Through QR increasing in asset is more than increasing of liabilities. Thus the revenue also increase more than past QR. This show the co have huge potential to expand their business
On 9 October 2020, the Company has incorporated a company known as KPower Logistics Sdn. Bhd. with 1,000,000 ordinary shares representing 100% shareholding in for a total cash consideration of RM1,000,000.
On 21 October 2020, the Company had entered into a share sale agreement with Sabaka for the acquisition of 2,193,000 ordinary shares in Chemtrax Sdn Bhd (“Chemtrax”), representing 51.00% equity interest in Chemtrax, by the Company for a total cash consideration of RM10.00 million (“Proposed Acquisition”). As at the date of this report, the Proposed Acquisition has been completed.
On 18 November 2020, the Company has incorporated a company known as KPower Healthcare & Technologies Sdn. Bhd. with 1,000,000 ordinary shares representing 100.00% shareholding in for a total cash consideration of RM1,000,000.
anson is just a type of guy whom probably sold at higher price and taking opportunity to mock at those holders that holding higher price (dont dare to cut loss) and go against his prediction
me in he other hand is a bargain hunter, buy when people sell, esp on growth stock that i have overlooked and didnt hold long enough to max profit
so i thank to those selling cheaper and fund to give me another opportunity to make money here
KUALA LUMPUR: KPower Bhd (formerly Kumpulan Powernet Bhd), posted net profit of RM9.25mil in the second quarter ended Dec 31,2020, a jump of nearly 400% from RM1.86mil a year ago.
In its announcement on Monday, it reported its revenue surged by 560% to RM90.06mil from RM13.63mil. Earnings per share were 11.68 sen compared with 2.44 sen. It declared an interim dividend of 2.26 sen per share.
KPower said the construction related activities recorded a significant increase due to engineering, procurement, construction and commissioning (EPCC) activities mainly in Lao and Malaysia and other construction related activities in Malaysia.
As for its property development and investment segment, it recorded a revenue of RM3.95mil based on the progress of completion during the period for the units sold.
It said the healthcare segment was derived from the reclassification of manufacturing segment. The segment recorded a revenue of RM470,000, up by 196% due to higher sales orders. Loss before tax narrowed to RM870,000.
As at Dec 31,2020, KPower’s revenue increased by 158% from Q1 due to EPCC activities mainly in Lao and Malaysia and other construction related activities in Malaysia.
“The gross profit from operations for the current financial quarter was at RM23.81mil, up by 115% from 1Q, which is consistent with the increase of profit before tax of RM23.64mil and profit after tax of RM17.39mil or 114% and 114% respectively, as compared to Q1, ” it said.
KPower said in the first half, its net profit rose by 520% to RM17.39mil from RM2.81mil in the previous corresponding period. Its revenue also registered strong growth of 493% to RM147.12mil from RM24.79mil.
KPower (KPB MK) No Signs Of Slowing Down; Keep BUY Buy (Maintained) Target Price (Return): MYR3.12 (+52%) Price: MYR2.05 Market Cap: USD229m Avg Daily Turnover (MYR/USD) 24.9m/6.18m Analyst Sean Lim +603 9280 8867 sean.lim@rhbgroup.com Share Performance (%) YTD 1m 3m 6m 12m Absolute 13.4 (16.3) 71.1 187.5 174.1 Relative 16.9 (14.6) 72.6 187.9 171.5 52-wk Price low/high (MYR) 0.21 – 2.80 Source: Bloomberg Reiterate BUY and TP of MYR3.12, 52% upside. With no surprises to its 1HFY21 (Jun) results, KPower is firmly on a growth trajectory, and on track to hit its MYR2bn orderbook by end-FY21F. It has participated in the Large Scale Solar 4 (LSS4) tenders as an asset owner – the results of which are likely to be announced in the near term. Within expectations. KPower recorded core net profit of MYR17.4m (+520% YoY) in 1HFY21. This accounted for 51% and 53% of our and Street full-year estimates – within expectations. 1HFY21 results review. 2QFY21 earnings improved 14% QoQ to MYR9.3m on increased PBT contributions from construction-related activities (+16%) backed by higher project billings. 1HFY21 earnings improved exponentially YoY (+5.2x) from a minimal profit of MYR2.8m in 1HFY20 – largely on higher project billings from existing contracts that include preliminary works at new construction projects in Laos and Nepal. Orderbook target of MYR2bn by end-FY21 on track. KPower’s orderbook stood at MYR1.6bn as at mid-February, and it has secured MYR615m worth of contracts YTD. We believe it is still on track to hit the MYR2bn target by end-FY21. The manufacturing segment has been reclassified into the healthcare and technology segment following the acquisition of a 70% stake in Granulab. This segment is expected to improve as the company starts to deliver medical supply-related jobs in Indonesia. Its only commercial project in Sentul, Kuala Lumpur – with a GDV of MYR41m – is estimated at 80% completion as at end Dec 2020. The estimated unbilled sales of MYR8m will be recognised largely in 2HFY21F or up to early FY22F due to disruption caused by MCO. Still BUY. We maintain our earnings estimates, while keeping our TP at MYR3.12 pegged to 25x FY22F P/E. Our P/E is still at a discount to that of solar power-related stocks, which currently trade at >30x P/E. Note that we have yet to account for the higher share base from the conversion of free warrants issued recently – a 5-year tenure, with the exercise price fixed at MYR2.50. All in, we remain upbeat on the company, as it offers strong earnings growth – premised on the solid orderbook, as well as its handsome ROEs. The recent venture into solar photovoltaic installation will further strengthen its growth prospects, riding on the wave of interest in renewable energy in Malaysia – if it is able to establish a track record. Downside risks: Weaker-than-expected project billings, and weaker-thanexpected margins. Source: Company data, RHB 11 78 144 211 278 344 411 0.0 0.5 1.0 1.5 2.0 2.5 3.0 Feb-20 Mar-20 Mar-20 Apr-20 Apr-20 May-20 Jun-20 Jun-20 Jul-20 Jul-20 Aug-20 Aug-20 Sep-20 Sep-20 Oct-20 Nov-20 Nov-20 Dec-20 Dec-20 Jan-21 Jan-21 Feb-21 KPower (KPB MK) Price Close Relative to FTSE Bursa Malaysia KLCI Index (RHS) Forecasts and Valuation Jun-19 Jun-20 Jun-21F Jun-22F Jun-23F Total turnover (MYRm) 13 96 347 559 634 Recurring net profit (MYRm) 0 13 34 57 61 Recurring net profit growth (%) - 2,532.5 168.4 64.5 8.4 Recurring P/E (x) 1,907.98 72.48 27.00 16.41 15.14 P/B (x) 37.8 8.8 7.0 5.2 4.1 P/CF (x) na 87.57 36.35 17.14 13.04 Dividend Yield (%) na 0.3 0.7 1.2 1.3 EV/EBITDA (x) 219.50 44.71 15.73 9.21 7.94 Return on average equity (%) 2.0 19.6 28.7 36.2 30.2 Net debt to equity (%) Interest cover (x) 5.37 7.5 net cash 171.53 net cash 22.19 net cash 17.19 net cash 13.57 Note: Small cap stocks are defined as companies with a market capitalisation of less than USD1bn. Overall ESG Score: 3.1 (out of 4) E: Good KPower’s orderbook mainly consists of EPCC of mini hydro plants. It aims to widen product offering in renewable energy to include wind, solar, and biomass. We expect its earnings from renewable energy to increase going forward with its venture into solar business via solar photovoltaic installation. S: Good KPower actively engages in the community, and is involve
i study some big company chart and milestone previous good company like Uwc , also have big fall and big up , when fall no need to worry. As long as the company with have good revenue & getting more business contract. Company share will grow
Longterm trades always benefit. just ignore the fake new or fake spread like our abang <<Ansonliew>> . this is virus here hahah
now is the only chance to buy SCIB and kpower...karim busy use both warrant to goreng serbark....i sold my serba top up scib and q buy kpower...hehe...
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....
limitupmeh
1,352 posts
Posted by limitupmeh > 2021-02-22 23:17 | Report Abuse
I know Karim. Karim is good running business