i analyzed the chart will be consolidate to TP2.0 if you can see my previous chart at 9th because it go too high above the MA line and need some time wash back down to stand steadily on MA line then it will go up again. lets see tmr will it go down as Ancester Liew said since the market is not good
Still look prmising but quite uncertain which way to go. It hs quite many contracts and also bidding for new ones. Also active now in renewable energy. Should think it can sustain although challenging.
We maintain our forecasts and our fair value (FV) of RM2.31 based on 18x fully-diluted FY23F EPS. This is at a discount to the average forward 20x PE of leading renewable energy players globally to reflect: (1) KPower being a relatively new player in this space; and (2) its relatively small market value. On a positive side, from a relatively low base, the growth potential of KPower’s earnings is tremendous at >100% and >40% in FY21 and FY22F respectively based on our projections. There is no adjustment to our FV for ESG based on our 3-star rating (Exhibit 2).
Since our downgrade on 29 Jan 2021, KPower’s share price has retraced by about 25%. We upgrade the stock to BUY from HOLD as value has emerged.
We expect more contract award announcements in the renewable energy infrastructure space, especially in Southeast Asia and the Middle East in the coming months. This is because business is gradually returning to normal (on the back of the vaccine rollout) and project owners wrapping up their tender evaluations.
As such, there could be good news to KPower with an outstanding tender book of RM3.9bil of which about 75% are energy-related jobs (i.e. hydropower plants and solarrelated jobs), while the balance are utilities-related works.
A pick-up in job wins also means KPower is on track to meet our assumption for annual job wins of RM1.4bil in FY21–23F (June). Our assumption is more conservative compared with KPower’s guidance for RM2.0bil in FY21F.
YTD in FY21F, KPower has secured new jobs worth RM703.6mil. At present, its outstanding construction order book stands at about RM1.7bil. We continue to like KPower for: (1) the bright prospects of renewable energy, underpinned by the global trends towards clean and sustainable energy and carbon neutrality to combat climate change; and (2) its strong earnings visibility and growth potential underpinned by its RM1.7bil order backlog on green utility projects, coupled with a massive tender book of RM3.9bil.
At less than 16x FY23F earnings, we believe that this homegrown renewable energy player remains a compelling investment case given its involvement in the green sector where the growth trajectory is just beginning.
at least i know kpower management team is good. Jaks good company but manage by lousy company. even KoonYY also kena conned by jaks.... stock pionner also can kena conned by jaks management team apalagi newbie ancientliew
I was in this forum last month. After I got the profit I caw. What I don't understand is. Why Ansonliew is still in here? Everyday talking shit. I thought you loss RM5000 and hate this stock. Why don't invest in other stock and stop being toxic. You really love Karim yaa Ansonliew. I park my fund in SCIB at 1.7 last week.
AnsonLiew, don't everyday post negative thought, later depression. Be happy, and positive.. If you found this stock no worth buying. You just go away from this stock, don't make yourself haunt by negative thought everyday.. No worth it.
AnsonLiew fund people lai la , always spead fake new , then he silent silent buy kpower . aboh mana ada orang makan terlalu senang always come kpower kapsiao
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....
lianhai1996
149 posts
Posted by lianhai1996 > 2021-04-13 15:43 | Report Abuse
@Yu_and_Mee, not him who press down the stock, look at all sector index they are falling