RENEUCO BERHAD

KLSE (MYR): RENEUCO (7130)

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Last Price

0.08

Today's Change

-0.005 (5.88%)

Day's Change

0.08 - 0.085

Trading Volume

1,872,400


7 people like this.

16,634 comment(s). Last comment by Keeheong1960 6 hours ago

sayangawak

540 posts

Posted by sayangawak > 2021-06-25 09:10 | Report Abuse

Guys ur money guys!

siaokar

1,410 posts

Posted by siaokar > 2021-06-25 09:17 | Report Abuse

i dont understand, why still do PP when co. has a lot of cash?

Cakes Moon

6,893 posts

Posted by Cakes Moon > 2021-06-25 09:29 | Report Abuse

Ppl has lost faith with the company.

Hotrod

730 posts

Posted by Hotrod > 2021-06-25 09:32 | Report Abuse

Whats wrong with doing 3x PP if the funding can expand the business by multiple folds ?

I don't see anything wrong if Kpower is able to general RM2 return for every RM1 of funding.

Funding is required because they have sizable orderbook. Needs working capital to carry through the jobs.

kfbusjd

665 posts

Posted by kfbusjd > 2021-06-25 09:32 | Report Abuse

serba and scib drop 2-3 sen then this one drop more than 5 sen

siaokar

1,410 posts

Posted by siaokar > 2021-06-25 09:33 | Report Abuse

Why do PP when co. has a lot of cash?

AnsonLiew

2,251 posts

Posted by AnsonLiew > 2021-06-25 09:37 | Report Abuse

walao tis calvin eceyday hamtam kpower now roti canai buy kpower Lol


hahahaha

dompeilee

11,888 posts

Posted by dompeilee > 2021-06-25 09:37 | Report Abuse

Speculatively bought KPower 79.5c

pang72

49,710 posts

Posted by pang72 > 2021-06-25 09:39 | Report Abuse

Hello...
Dumping start lolo...

pang72

49,710 posts

Posted by pang72 > 2021-06-25 09:39 | Report Abuse

Chasing serba...

Fklim888

1,613 posts

Posted by Fklim888 > 2021-06-25 09:41 | Report Abuse

Serbak ... kpower... next..?

mushroom

664 posts

Posted by mushroom > 2021-06-25 09:45 | Report Abuse

So fast reached 0.80, i thought will drag a few days only reach. Haha

sheep

3,844 posts

Posted by sheep > 2021-06-25 09:45 | Report Abuse

next ate kpower AND scib....BOTH!.............wakakakaka

Posted by LimitupLimitDown > 2021-06-25 09:46 | Report Abuse

directors sell until no eyes see. to them better sell now then hit 50c then buy in cheaper, they got the warrants basically for free

bebop

42 posts

Posted by bebop > 2021-06-25 09:49 | Report Abuse

Directors selling warrants in drooves. you may argue its just warrant & not mother share. Warrant is a call option ie. buying the future.

Seems to me the future is bleak. lol

Hotrod

730 posts

Posted by Hotrod > 2021-06-25 09:56 | Report Abuse

Heard Serba have decided on the auditor to be appointed. Price should rebound

burking

109 posts

Posted by burking > 2021-06-25 10:01 | Report Abuse

Some good news please.

Posted by NatsukoMishima > 2021-06-25 10:18 | Report Abuse

Worst case is no auditor dare to sign the report even change as many as auditors !

sayangawak

540 posts

Posted by sayangawak > 2021-06-25 10:27 | Report Abuse

Guys are u ok?

mushroom

664 posts

Posted by mushroom > 2021-06-25 10:29 | Report Abuse

next week should be ranging 0.70++

KEENTRADER

358 posts

Posted by KEENTRADER > 2021-06-25 10:30 | Report Abuse

We are ok but ship is sinking

Plantermen

2,172 posts

Posted by Plantermen > 2021-06-25 10:31 | Report Abuse

Afternoon announcement serba

Stockisnotfun

5,143 posts

Posted by Stockisnotfun > 2021-06-25 10:45 | Report Abuse

52 Weeks Range: 0.79 - 8.00. GG already from 8 drop until penny stock. Really follow transmile footstep

Posted by Kinkikoh > 2021-06-25 10:46 | Report Abuse

Really sink ship, from 2 something drop til few cents, really heart broken. Bos, please maneuver ship properly

ytk666

305 posts

Posted by ytk666 > 2021-06-25 10:48 | Report Abuse

pity kpower dragged by SD.

Loh Kok Wai W

3,610 posts

Posted by Loh Kok Wai W > 2021-06-25 10:48 | Report Abuse

Welcome Nopower to be penny stock...new member.

sayangawak

540 posts

Posted by sayangawak > 2021-06-25 10:49 | Report Abuse

Guys run ady?

shpg22

2,984 posts

Posted by shpg22 > 2021-06-25 10:50 | Report Abuse

Normally same boss, same monkey business la. Where got independent one

fortunefire

1,421 posts

Posted by fortunefire > 2021-06-25 10:54 | Report Abuse

new low today! time to buy?

ytk666

305 posts

Posted by ytk666 > 2021-06-25 11:07 | Report Abuse

no buy yet..Still diving

Posted by ipohwhitecoffee > 2021-06-25 11:08 | Report Abuse

All those bilis that bought above 80sen kena potong neck kaw2.

Still sembang limit up. Pui !!!

sayangawak

540 posts

Posted by sayangawak > 2021-06-25 11:10 | Report Abuse

Guys,are u ok guys?

roger3210

554 posts

Posted by roger3210 > 2021-06-25 11:10 |

Post removed.Why?

roger3210

554 posts

Posted by roger3210 > 2021-06-25 11:11 |

Post removed.Why?

roger3210

554 posts

Posted by roger3210 > 2021-06-25 11:24 |

Post removed.Why?

roger3210

554 posts

Posted by roger3210 > 2021-06-25 11:24 |

Post removed.Why?

Hengoredi

262 posts

Posted by Hengoredi > 2021-06-25 11:26 | Report Abuse

Sell call.

Posted by BetterTomorrow > 2021-06-25 11:26 | Report Abuse

If not mistaken kpower project is from serba

sayangawak

540 posts

Posted by sayangawak > 2021-06-25 11:27 | Report Abuse

Guys, u got money to buy or not?

sc4lper

97 posts

Posted by sc4lper > 2021-06-25 11:33 | Report Abuse

die die die.. stock already down to earth..

roger3210

554 posts

Posted by roger3210 > 2021-06-25 11:33 |

Post removed.Why?

BILLC

2,042 posts

Posted by BILLC > 2021-06-25 11:34 | Report Abuse

Wait for 60 sen,,,,

roger3210

554 posts

Posted by roger3210 > 2021-06-25 11:37 | Report Abuse

0 We maintain our BUY call, forecasts and fair value of RM2.47/share based on 18x revised FY23F EPS. We value KPower 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. No ESG-related adjustments to our fair value based on a 3-star rating as appraised by us (Exhibit 2).
KPower has proposed a private placement of new shares of approximately 10.8% of its outstanding shares or 48.8mil shares at an indicative issue price of RM2.05/share. The RM100mil proceeds from this exercise are mainly earmarked for working capital (i.e. 50MW LSS4 power plant, mini hydropower plants and other upcoming projects).
Based on our estimates, the gross proceeds of RM100.0mil will increase KPower’s net cash position to RM163.5mil (or 25 sen/share) from RM63.5mil (or 10.5 sen/share) as at 31 March 2021.
Meanwhile, based on our calculation, the new shares will dilute its FY23F core EPS by 6% as a 10.8% expansion in the share base more than offset a 2% earnings enhancement arising from interest income (based on an interest rate assumption of 2%). Assuming the deal is to be completed, our fair value shall fall to RM2.33 based on the same valuation basis. We are neutral on this development.
YTD for FY21F (June), KPower has secured jobs worth a total of RM1.2bil, which is still within our annual job wins assumption of RM1.4bil for FY21-23F (vs. KPower’s guidance of RM2.0bil for FY21F). The group’s outstanding construction order book stands at about RM2.0bil.
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 RM2.0bil order backlog on green utility projects, coupled with a massive tender book of RM3.4bil.
At about 12x fully-diluted FY23F earnings, we believe that this homegrown renewable energy player has a compelling investment case given its involvement in the green sector where the growth trajectory is just beginning.
Source: AmInvest Research - 25 May 2021

sayangawak

540 posts

Posted by sayangawak > 2021-06-25 11:44 | Report Abuse

Guys, are ok guys?

fortunefire

1,421 posts

Posted by fortunefire > 2021-06-25 11:48 | Report Abuse

this kpower ship is sinking..... good luck to those who still holding the tickets....

Hengoredi

262 posts

Posted by Hengoredi > 2021-06-25 11:53 | Report Abuse

If you have fund to average down further, go ahead and buy.

siaokar

1,410 posts

Posted by siaokar > 2021-06-25 11:54 | Report Abuse

buy more drop more counter

Hotrod

730 posts

Posted by Hotrod > 2021-06-25 11:59 | Report Abuse

Don't know why people are discounting K-Power. Most of Kpower's projects are from TNB or Msia govt or foreign govt. There is no way they can fake the projects.

This counter will limit up when Serba stabilizes its share price.

ytk666

305 posts

Posted by ytk666 > 2021-06-25 12:13 | Report Abuse

why average down, better to cut lose. Buy much cheaper later.

siaokar

1,410 posts

Posted by siaokar > 2021-06-25 12:17 | Report Abuse

counter enter main door exit windows

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