RENEUCO BERHAD

KLSE (MYR): RENEUCO (7130)

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Last Price

0.085

Today's Change

+0.005 (6.25%)

Day's Change

0.075 - 0.085

Trading Volume

11,814,200


7 people like this.

16,635 comment(s). Last comment by mohda39kashalf 1 hour ago

limitupmeh

1,352 posts

Posted by limitupmeh > 2021-02-22 23:17 | Report Abuse

I know Karim. Karim is good running business

Posted by wongkl0307 > 2021-02-22 23:45 | Report Abuse

anson and superpanda mayb havent earn any big money in life....

Posted by wongkl0307 > 2021-02-22 23:47 | Report Abuse

or mayb anson, kwe and superpanda wan create fear to buy low

Posted by wongkl0307 > 2021-02-22 23:47 | Report Abuse

gogogog dow jones pls be green green

TM34535

105 posts

Posted by TM34535 > 2021-02-22 23:51 | Report Abuse

Tomolow up up

Posted by Safirdhaus > 2021-02-23 00:34 | Report Abuse

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

DannyArcher

1,258 posts

Posted by DannyArcher > 2021-02-23 01:18 | Report Abuse

They acquired a few companies, they are expanding and growing, I believe this will reflect in the next QR with higher profit.

--------------------------------------------------

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.

SuperPanda

11,431 posts

Posted by SuperPanda > 2021-02-23 01:34 | Report Abuse

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

minajesty

36 posts

Posted by minajesty > 2021-02-23 02:48 | Report Abuse

Wah QR good, didnt see that coming since everyone has been selling off

minajesty

36 posts

Posted by minajesty > 2021-02-23 02:50 | Report Abuse

Yall traders quarrelling while long-term investors just chilling hahahaha

Posted by schuafamily > 2021-02-23 06:54 | Report Abuse

KPower’s 2Q net profit surges to RM9.25mi

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.

Alien168

17 posts

Posted by Alien168 > 2021-02-23 08:38 | Report Abuse

Despite the challenges of COVID-19, we are confident of securing the target orderbook of RM2.0 billion by
June 2021.

Alien168

17 posts

Posted by Alien168 > 2021-02-23 08:39 | Report Abuse

Within 4 month another RM1.5b order to get.

gemfinder

6,880 posts

Posted by gemfinder > 2021-02-23 08:44 | Report Abuse

rhb give tp 3.12.

gemfinder

6,880 posts

Posted by gemfinder > 2021-02-23 08:44 | Report Abuse

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
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411
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2.5
3.0
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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

stockfreak

777 posts

Posted by stockfreak > 2021-02-23 09:10 | Report Abuse

IDSS extended to August, everyone can goreng now.

stockfreak

777 posts

Posted by stockfreak > 2021-02-23 09:11 | Report Abuse

Bad for PE observers, good for penny stocks.

Kwe1991

316 posts

Posted by Kwe1991 > 2021-02-23 09:28 | Report Abuse

same . run

hantamking

2,509 posts

Posted by hantamking > 2021-02-26 12:19 | Report Abuse

horse will run , without waiting <<ANSONLIEW>>

hantamking

2,509 posts

Posted by hantamking > 2021-02-23 09:40 | Report Abuse

stay steady sister and brother (^^,)
who are long term player no worry , Steady Bom pi pi

Posted by Abdulazizba > 2021-02-28 15:16 | Report Abuse

no need to run , top up saja
that the right thing to do now.

Now the play based on cycle of stock...till IDSS put in place back..

But the current PE still very good for Kpower with IDSS or no IDSS.

Alien168

17 posts

Posted by Alien168 > 2021-02-28 18:18 | Report Abuse

sad. no gap down. nvm. wait JAKS loss money result to gap down.

hantamking

2,509 posts

Posted by hantamking > 2021-02-23 09:50 | Report Abuse

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

stockfreak

777 posts

Posted by stockfreak > 2021-02-23 09:53 | Report Abuse

Result better than expected. Can hold.

Yes, surge is not good. Surge will only benefit day traders with good skill. Bad for everyone else.

hantamking

2,509 posts

Posted by hantamking > 2021-02-23 09:57 | Report Abuse

https://www.theedgemarkets.com/article/hong-leong-bank-inks-mous-samaiden-group-and-solarvest-solar-pv-scheme

source from TheEdge , bank also support solar business
Kpower have alot type of bussiness. Steady brother and sister

Hooi369

657 posts

Posted by Hooi369 > 2021-02-23 10:07 | Report Abuse

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...

hantamking

2,509 posts

Posted by hantamking > 2021-02-23 10:11 | Report Abuse

Hold tight sister and brother !

Kwe1991

316 posts

Posted by Kwe1991 > 2021-02-23 10:42 | Report Abuse

is time to fly! ggoogogo buybuybuy

Sailangking

1,912 posts

Posted by Sailangking > 2021-02-23 10:44 | Report Abuse

wondering where Anson....hahahaha..i cant see limit down

Kwe1991

316 posts

Posted by Kwe1991 > 2021-02-23 10:44 | Report Abuse

sailangkinggogogo is time!

Posted by wongkl0307 > 2021-02-23 10:45 | Report Abuse

lol kwe. so run or fly?

Sailangking

1,912 posts

Posted by Sailangking > 2021-02-23 10:45 | Report Abuse

is time to run ? or walk ?lol

Posted by wongkl0307 > 2021-02-23 10:46 | Report Abuse

i misund super panda. gogogog super panda. i am with u kpower n scib. anson the joker where is he?

Kwe1991

316 posts

Posted by Kwe1991 > 2021-02-23 10:46 | Report Abuse

i collect enough already,fly !gogogog

Sailangking

1,912 posts

Posted by Sailangking > 2021-02-23 10:46 | Report Abuse

where your gugu........LOL

Kwe1991

316 posts

Posted by Kwe1991 > 2021-02-23 10:47 | Report Abuse

yesterday buy 2.05 morning top up 2.10

Kwe1991

316 posts

Posted by Kwe1991 > 2021-02-23 10:48 | Report Abuse

close 2.30! gogogog

LossAversion

1,707 posts

Posted by LossAversion > 2021-02-23 10:49 | Report Abuse

Go, Go, Go KPower and SCIB.....Show your values

hantamking

2,509 posts

Posted by hantamking > 2021-02-23 10:49 | Report Abuse

where is your gugu ?

Alien168

17 posts

Posted by Alien168 > 2021-02-23 10:49 | Report Abuse

anson come out ask to sell is signal to buy. from history after anson said will big down most will big up.

hantamking

2,509 posts

Posted by hantamking > 2021-02-23 10:50 | Report Abuse

momentum mari dah !!! fuuhh

hantamking

2,509 posts

Posted by hantamking > 2021-02-23 10:52 | Report Abuse

hold tight ur share , protect our benefit

Sailangking

1,912 posts

Posted by Sailangking > 2021-02-23 10:52 | Report Abuse

kwe, you too bad, shake weak holders

Sailangking

1,912 posts

Posted by Sailangking > 2021-02-23 10:53 | Report Abuse

who believe anson panic sell yesterday..?LOL

Kwe1991

316 posts

Posted by Kwe1991 > 2021-02-23 10:53 | Report Abuse

good qr buybubuy

Kwe1991

316 posts

Posted by Kwe1991 > 2021-02-23 10:53 | Report Abuse

hold diamond buy for future

hantamking

2,509 posts

Posted by hantamking > 2021-02-23 10:54 | Report Abuse

Waiting this moment , ini kali lah . hold tight ur stock

Kwe1991

316 posts

Posted by Kwe1991 > 2021-02-23 10:54 | Report Abuse

signal is bck buybuybuy

Kwe1991

316 posts

Posted by Kwe1991 > 2021-02-23 10:55 | Report Abuse

growth QR

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