Posted by newtrader1989 > 2021-11-29 18:28 | Report Abuse

Wonderful goreng quarter.

Posted by newtrader1989 > 2021-11-29 18:42 | Report Abuse

https://www.klsescreener.com/v2/news/view/916849

Posted by Jenny > 2021-11-29 18:47 | Report Abuse

现金流严重流出到非常恐怖，怪不得公司怎么急的去做pp。看这样下去明年会来多一次pp 是非常肯定的。之前mustakim 信心满满说会拿到20亿工程原来是拿了空气，呵呵。还有什么今年会有20%增长也是说爽罢了让你们去炒罢了。业绩已经告诉你管理层没信用了，是老千来的。这种老千股你买到他就算你没运气了。呵呵
别不信报应，这scib kpower serbadk Karim, Rosland, Mustakim 会有报应的因为很多人因为他而亏大钱，很多怨气

Posted by Jenny > 2021-11-29 18:51 | Report Abuse

这种公司还是有人敢敢的去hold着，别在催眠自己啦。已经很明显是老千股，拿来炒的

Posted by newtrader1989 > 2021-11-29 18:53 | Report Abuse

Sorry dun understand mandarin

Posted by Aiw Siow > 2021-11-29 19:19 | Report Abuse

Jenny股票都是拿来炒的啦。你没看最近手套吗？上个星期全部都破新低，最近起到恐怖。kpower这种也是一样的。只要一个消息来就可以炒到很恐怖。马股的能源股kpower，solavest, cypark, samaiden,jaks都做pp，全部现金流吐血。kpower现金流和债务算很好了，可是这些股都是未来趋势的

Posted by Aiw Siow > 2021-11-29 19:27 | Report Abuse

你去看samaiden和SOLAVERst的业绩。kpower已经很好了

Posted by josephn > 2021-11-29 19:31 |

Post removed.Why?

Posted by Aiw Siow > 2021-11-29 19:34 | Report Abuse

Joseph next year's lss4 start

Posted by josephn > 2021-11-29 20:00 |

Post removed.Why?

Posted by Aiw Siow > 2021-11-29 20:06 | Report Abuse

No need use brain.if want goreng no need reason lu

Posted by josephn > 2021-11-29 20:29 | Report Abuse

https://www.theedgemarkets.com/article/kpower-targets-rm5-bil-market-value-five-years

You see what they said, EPCC big project all around the world, using Serbadk network?

A shoplot office could do that?

Posted by josephn > 2021-11-29 20:47 | Report Abuse

Most of kpower EPCC revenue is feed by his big brother Serbadk.

Posted by Huatexpert > 2021-11-29 20:55 | Report Abuse

I feel that tmr is the show time for Karim third counter....
RIP.... he sold it early before u know it ...

Posted by PSAi3alert > 2021-11-29 20:55 | Report Abuse

In August 2020, KPower announced a RM192.68M project with Apex Makalu in Nepal.

However, the Mid-Hongu Khola A Hydropower Project was previously signed between Apex Makalu and CNEEC in Sep 2019.

In addition, on the 9th July 2021, Sanima Hydro and Engineering announced an agreement with Apex Makalu for Due Diligence for, again, the same Mid Hongu Khola – A Hydropower Project.

The coordinates of project area are:
86 51' 23" E to 86 53' 54" E
27 30' 51" N to 27 32' 08" N

-->> calvintaneng has yet to revert on how much of the RM192.68M contract has been recognized as receivables

-->> Sanima just announced an agreement with Apex Makalu

-->> calvintaneng has yet to revert if agreement between KPower and Apex Makalu is still in force or has it been terminated?

-->> Satellite images of the project area are showing no construction activities in the project area.
-->> calvintaneng has yet to revert if the project has been abandoned



23rd Sep 2019 - CNEEC's Press Statements

Mr. Chhabindra Parajuli, Commercial Consulate of Embassy of Nepal in China, and Mr. Zhao Hui, President of CNEEC witnessed the signing of EPC Contract for Nepalese Mid-Hongu Khola A Hydropower Project, which are undertaken by Mr. Kedar Nath Poudel Director of Apex Makalu Hydro Power Pvt. Ltd., and Mr. Ning Hui, Deputy General Manager of CNEEC No. 1 Business Department.


27th Aug 2020 - KPower's Press Statements

Kumpulan Powernet Bhd has secured a contract worth US46.2 million (RM192.68 million) for a hydropower project at Mahakulung VDC, Nepal.

In a bourse filing, the group said its wholly-owned subsidiary KPower International Ltd received a letter of award yesterday from Apex Makalu Hydro Power Pvt Ltd for the 22MW Mid Hongu Khola-A hydropower project in Nepal.

"The scope of work includes the engineering, construction, supervision, testing, commission, reliability test, remedy of defect during the defect liability period and provision of all equipment, both permanent works and temporary works in connection with the project," the company said.

The target completion date for the project is within 36 months from the commencement date, or not later than Aug 31, 2023.


9th July 2021 - Sanima's Press Statements

Sanima Hydro and Engineering (P.) Ltd signed a contract agreement with Apex Makalu Hydropower Ltd. for Due Diligence Study of Mid Hongu Khola – A Hydropower Project (22 MW) on 9th July, 2021. The project is located in Solukhumbu district, Province No.1 of Nepal. It has been planned as a run-of-river (RoR) type scheme with an installed capacity of 22 MW, design discharge at Q42.85 of 13.50 m3/sec, and gross head of 210.00 m.

Posted by Huatexpert > 2021-11-29 20:56 | Report Abuse

Later all the EPCC contracts will be cancelled as what SCIB did....
Same pattern for all Karim counters...

Posted by PSAi3alert > 2021-11-29 20:57 | Report Abuse

Corporate schizophrenia in Laos

January 2018

OHP Ventures was incorporated in the Federal Territory of Labuan, Malaysia on 27 February 2018 as a private limited company under the Labuan Companies Act 1990.

The total issued and paid-up share capital of OHP Ventures is USD 100

OHP Ventures has entered into a joint development agreement with Thavone Athsamouth dated 9 January 2018 for the development, financing, construction, commissioning and operation and maintenance of two (2) mini hydro installations/projects with an aggregate capacity of 30MW in the district of Houaphan, Lao People's Democratic Republic (“Lao PDR”) (“Project”). The Project had commenced in July 2018 and shall be completed by January 2022.

OHP Ventures owns seventy percent (70%) of the issued and paid-up shares in Nam Taep 1.2.3 Hydropower Company Limited (“NT”), a company incorporated in Lao PDR. NT is the holder of the two (2) concessions for the Project. NT had entered into two (2) power purchase agreements (“PPAs”) with Électricité du Laos, both dated 8 December 2017, for the sale and purchase of the net electrical output generated from 3x5MW Nam Taep 1 and 3x5MW Nam Taep 2 hydropower energy generating facility, respectively, to be constructed at Ban Nam Taep and Ban Nameuang, Xam Tai District, Houaphan Province, Lao PDR.

OHP Ventures Sdn Bhd ("OHPVSB") as at February 2018 owned the entire issued and paid-up share capital of OHP Ventures.


19 July, 2018

Serba Dinamik Holdings Bhd has secured an engineering, procurement, construction and commissioning (EPCC) contract to build two hydro power plants in Laos, which will have the capacity to generate 30 megawatt (MW) of electricity for US$66.2 million, equivalent to RM268.8 million.

Serba Dinamik said the contract was awarded by Nam Taep 1,2,3 Hydropower Co Ltd ("NT") to its wholly-owned subsidiary Serba Dinamik International Ltd, which is valid throughout the next 43 months or 3.6 years.

--->>> Serba got awarded a USD66.2M project by "NT" (70% owned by OHP Ventures)


16 Oct 2018

The Board of Directors of SDHB (“Board”) wishes to announce that the Company’s whollyowned subsidiary, SDIL had on 15 October 2018, entered into a share sale and purchase agreement (“SSA”) with OHPVSB to acquire forty nine percent (49%) equity interest held by OHPVSB in OHP Ventures (“Sale Shares”) for the Purchase Consideration (“Proposed Acquisition”).

Upon completion of the Proposed Acquisition, OHP Ventures will become a forty nine percent (49%)-owned associated company of SDIL. SDIL and OHPVSB are hereinafter either individually referred to as the “Party” or collectively as the “Parties”. Further details of the Proposed Acquisition are set out in the ensuing sections.

Sharifah Irina Binti Syed Ahmad Radzi (“Sharifah” or the “Interested Director”) is the
Independent Non-Executive Director of SDHB. She is related to one of the directors and
shareholders of OHPVSB and accordingly, she is deemed interested in the Proposed
Acquisition.

--->>> OHP Ventures has 70% interest in NT
--->>> Serba paid USD800,000 for 49% of OHP Ventures (paid-up capital USD100) from OHPVSB
--->>> Serba effectively has 34.3% in NT


21 February 2020

He said KPOwer had recently received and accepted a letter of award from Zhenghong Building Road and Bridge Construction Co Ltd to undertake, among others, the design, supply, construction, commissioning and completion of an eight megawatt hydropower plant at Nam Samoy in Vientiane, Laos.

--->>> Nam Samoy Hydropower Co. Ltd. was already listed at the developer of the Nam Samoy project that was intended to qualify as a Clean Development Mechanism (CDM) project in a 2014

https://cdm.unfccc.int/Projects/DB/TUEV-RHEIN1437628107.49/view


29 June 2020

KPowernet told Bursa Malaysia today that it was awarded a US$40.7mil (RM174.5mil) contract by Zhenghong Building Road & Bridge Construction Co Ltd to build two hydropower energy facilities in Houaphan province.

The latest contract is for the supply, construction, commissioning and completion of the civil work for the development of 3x5 megawatt (MW) Nam Taep 1 and 3x5MW Nam Taep 2 hydropower energy generating facilities.

--->>> NT already awarded the 3x5 megawatt (MW) Nam Taep 1 and 3x5MW Nam Taep 2 hydropower project to Serba for US$66.2 million in July 2018

--->>> Zhenghong Building Road & Bridge Construction Co Ltd is now awarding the same project to KPowernet for US$40.7mil?!

Posted by PSAi3alert > 2021-11-29 20:58 | Report Abuse

Questions:

In July 2018, Serba got awarded a USD66.2M project by "NT" for the 3x5MW Nam Taep 1 and 3x5MW Nam Taep 2 hydropower energy facility

In June 2020, KPower announced the award by Zhenghong Building Road & Bridge Construction Co Ltd for the 3x5 megawatt (MW) Nam Taep 1 and 3x5MW Nam Taep 2 hydropower energy generating facilities

Question: How can Zhenghong award the same project to KPowernet for US$40.7mil in June 2020, when NT already awarded the project to Serba for USD66.2M in July 2018?

Question: Has NT terminated the contract that was previously signed with Serba?

Nam Samoy Hydropower Co. Ltd. was already listed at the developer of the Nam Samoy project that was intended to qualify as a CDM project in a 2014.

Question: How can Zhenghong award the same project to KPower in Feb 2020?

Question: Is there any evidence to show that Zhenghong has signed PPAs with Électricité du Laos for both projects?

Question: Since Fitch has downgraded Laos country rating to CCC, how are the projects going to be funded?

Posted by newtrader1989 > 2021-11-29 21:07 | Report Abuse

Nobody have the answers. Can email to kpower

Posted by gemfinder > 2021-11-29 21:12 |

Post removed.Why?

Posted by PSAi3alert > 2021-11-29 21:24 | Report Abuse

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=114177&name=EA_GA_ATTACHMENTS

If you look at the salient terms in the announced projects, each of the projects has the following terms:

--- TERMS ---
[The payments of the Contract Price 1 shall be made to KPEng in accordance with the payment schedule and on such terms and conditions to be set out under the relevant definitive agreement, including an advance payment of an amount equal to ten percent (10%) of the Contract Price 1 or RM10,000,000, whichever is lower.

KPEng shall provide an on-demand bank guarantee from a bank in an amount equal to five percent (5%) of the Contract Price 1 and shall remain in full force until KPEng has provide an on-demand bank guarantee from a bank in an amount equal to ten per cent (10%) of the Contract Price 1, being the warranty bond.

CHSB reserves the right to assign or novate the rights and/or benefits under Project 1, subject to a written notification to KPEng.

Mustakim Bin Mat Nun is a Director of the Project Companies and has the intention to acquire the Project Companies via One Hydro Power Sdn Bhd (“One Hydro Power”), in which he is also an indirect shareholder and accordingly, he is deemed interested in the Contracts. One Hydro Power, a wholly-owned subsidiary of OHP Ventures Sdn Bhd (“OHPV”) has entered into share sale agreements with Dato’ Ahmad Sufian bin Abdul Majid, the vendor representing the registered owners of the Project Companies.

Amirul Afif Bin Abd Aziz is the Group Chief Financial Officer (“CFO”) of KPower. He currently holds 1.21% direct interest in KPower. He is a Director of the Project Companies and has the intention to acquire the Project Companies via One Hydro Power, in which he is also an indirect shareholder, and accordingly, he is deemed interested in the Contracts.]

--- TERMS ---

---> Even before commencement of those projects, there is already a mismatch between deposits received and performance bond requirements.

a) Cabaran Hijau Sdn. Bhd. (“CHSB”)
Project: 18.7 MW mini hydro power plant
Location: Sg. Jelai Kecil, Mukim Jelai, Daerah Lipis, Pahang Darul Makmur
Contract Price: RM199,159,192.83 (“Project 1”) (“LOA 1”);

>>> CHSB's deposit to KPEng = RM10.000M
>>> KPEng Bond to CHSN = RM19.9159M

b) Selat Serasi Sdn. Bhd. (“SSSB”)
Project: 13.9 MW mini hydro power plant
Location: Sg. Telom, Mukim Hulu Telom, Cameron Highland, Pahang Darul Makmur
Contract Price: RM148,038,116.59 (“Project 2”) (“LOA 2”);

>>> SSSB's deposit to KPEng = RM10.000M
>>> KPEng Bond to SSSB = RM14.8038M

c) Denai Delima Sdn. Bhd. (“DDSB”)
Project: 12 MW mini hydro power plant
Location: Location: Sg. Lemoi, Mukim Hulu Telom, Cameron Highland, Pahang Darul Makmur
Contract Price: Contract Price: RM127,802,690.58 (“Project 3”) (“LOA 3”)

>>> DDSB's deposit to KPEng = RM10.000M
>>> KPEng Bond to DDSB = RM12.7803M

d) Koridor Mentari Sdn. Bhd. (“KMSB”)
Project: 5.25 MW mini hydropower plant
Location: Sg. Kampar, Kampar, Perak Darul Ridzuan
Contract Price: RM35,000,000 (“Project 4”) (“LOA 4”)

>>> KMSB's deposit to KPEng = RM3.5M
>>> KPEng Bond to KMSB = RM3.5M


---> Those four projects, to be built by KPower, will cost OHP Ventures Sdn Bhd RM510M and, when completed, will have a total power generation capacity of 49.25MW

---> At 28.98 sen per kilowatt-hour, the potential revenue for OHP will only be able to cover interest payments and maintenance. And as such, funding will be a question mark

---> If OHP Ventures is unable to obtain fundings, KPower will indirectly be funding those projects

---> KPower's Receivables went from RM46.056M in June 2020 to RM149.791M in June 2021 and to RM161,013M in Sep 2021

---> KPower's Borrowings went from RM0.565M in June 2020 to RM52.384M in June 2021 and to RM37,579M in Sep 2021

---> Does the clause, for CHSB, SSSB, DDSB and KMSB to be allowed to assign or novate the rights and/or benefits, imply that they can just novate the rights and or/benefits but not the liabilities? If so, does it mean the RM161.013M of receivables will be at risk?

---> Mustakim Bin Mat Nun and Amirul Afif Bin Abd Aziz are the CEO and CFO of KPower respectively. They are also Directors of the Client Project Companies. Clearly, conflict of interests have arisen. Was a shareholders meeting ever convened and voted on the conflict of interests issue?

Posted by josephn > 2021-11-29 21:41 | Report Abuse

Those project is fake, I doubt they have skill, manpower and cash to finish the project, all is talking, can terminated anytime as they like. At least could cheat investor they could do something big to push up the shares price

Posted by josephn > 2021-11-29 21:44 | Report Abuse

Kpower originally is tukang jahit baju, fabrication. EPCC job is his big brother Serbadk insert revenue for Kpower. Kpower where got skills to do it.

Posted by newtrader1989 > 2021-11-29 23:04 | Report Abuse

Later Scib goreng quarter released then another round of sell down at kpower lolz hahaha
__________________________

gemfinder Wow bad result. Selldown tomorow kakakaka

Posted by Legend > 2021-11-30 07:24 |

Post removed.Why?

Posted by josephn > 2021-11-30 08:06 | Report Abuse

Jaks resources building one power plant need 2 years also not yet finished, at least they show you pictures the progress and the building they built. This shoplot Kpower every quarter announced winning power plant job awards, booming like mushrooms across the globe, 1 unit also haven't started to build yet.

Posted by bojed > 2021-11-30 11:40 | Report Abuse

And just like SCIB, all of a sudden KPower's profit fell down hard ever since SD has audit issues, whereas all three of them recorded crazy profits during the MCO before that.

Posted by newtrader1989 > 2021-11-30 12:27 | Report Abuse

Even vsolar green today, hahaha Konrim counter

Posted by Lumber > 2021-11-30 12:48 | Report Abuse

Konrim Penipu besar , sudah con 3 company .Patut duduk sg boluh jail.

Posted by Burstard > 2021-11-30 13:21 | Report Abuse

Karim need run soon sell all

Posted by Trader258 > 2021-11-30 15:08 | Report Abuse

Konman, Karam's punya taktik penipuan a/c sudah tak bolih pakai lagi lah...
.......................................................................
bojed And just like SCIB, all of a sudden KPower's profit fell down hard ever since SD has audit issues, whereas all three of them recorded crazy profits during the MCO before that.

Posted by bojed > 2021-11-30 15:16 | Report Abuse

Are you an old timer? I'm asking because the last time I saw the word "bolih" was back in 2014, written by a 64 y.o. man back then.

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

Trader258 Konman, Karam's punya taktik penipuan a/c sudah tak bolih pakai lagi lah...
.......................................................................
bojed And just like SCIB, all of a sudden KPower's profit fell down hard ever since SD has audit issues, whereas all three of them recorded crazy profits during the MCO before that.
30/11/2021 3:08 PM

Posted by Karlos > 2021-11-30 16:33 | Report Abuse

Many innocents were attracted with similar companies like KPower. May be they expect the company can do magic within a very short time. Very surprised that many had chosen to ignore well tested companies that also participate in green energy space for already some time.
May be this is a good lesson for us not speculate blindly with full emotion and ignoring the likely reality on the ground. Even if we had chosen to use only our common sense, we would likely start questioning how can this company suddenly got so many contracts all over the places within such a very short time period?

Posted by masterkevin212 > 2021-11-30 20:04 | Report Abuse

SCIB audit issue to be resolved based on today announcement

Posted by newtrader1989 > 2021-11-30 20:07 | Report Abuse

Tomorrow kpower gangbang all holes due to marvellous quarter results from serba and scib hahaha

Posted by NatsukoMishima > 2021-11-30 23:03 | Report Abuse

3 companies all become net loss suddenly , what a coincidence ??

Posted by newtrader1989 > 2021-12-01 09:04 | Report Abuse

Bang bang gangbang

Posted by yingzhe17 > 2021-12-01 11:08 | Report Abuse

Book cannot cook now losses

Posted by newtrader1989 > 2021-12-01 15:59 | Report Abuse

Raise your hand if you stuck at 0.58 ... lolz

Posted by Legend > 2021-12-01 16:49 | Report Abuse

Tunggu 0.30

Posted by Burstard > 2021-12-01 17:36 | Report Abuse

Karim running already soon sell all

Posted by kfbusjd > 2021-12-01 19:01 | Report Abuse

i am more appreciate if karim can sell all his stake to other directors. Now everyone scare him...

Posted by Prudentinv > 2021-12-01 22:05 | Report Abuse

Someone share kpower projects and doubt that they have the ability to do it. If you have wisdom there are ways you can do. Subcontract and as long as the contractor have the knowledge and skills, then should ok.

Posted by Michael R. > 2021-12-02 10:07 | Report Abuse

He should disposed all shares or resign any post long time ago until everything got clean... otherwise the market wont favour the situation

Posted by newtrader1989 > 2021-12-02 10:39 | Report Abuse

Aawwww trapped ??

Posted by newtrader1989 > 2021-12-02 11:13 | Report Abuse

Pity Mustakim kena conned by Konrim. Poor guy bought at 50c from konrim hahahaha

Posted by yingzhe17 > 2021-12-02 11:42 | Report Abuse

Suspension soon

Posted by newtrader1989 > 2021-12-02 14:58 | Report Abuse

Hahaha the global warming guy calvin runaway already lomg time

Posted by josephn > 2021-12-02 15:07 | Report Abuse

Kpower will join scib and Serbadk soon at below 0.20

Posted by newtrader1989 > 2021-12-02 15:08 | Report Abuse

Yeah fair value is only below 20c. Very overvalued at current price