I'm positive on the stock, just to protect my profit, I exit first viewing what happened to SCIB despite outstanding QR, will find another entry to join KPOWER back!
Initially the company’s robust growth attributed to the venture into renewable energies caught my attention. However something caught my attention in their 2020 annual report. In 2019,the group recorded net profit 418,000,however the monetary remuneration to directors occupied 238,000,a whooping 56.9%. I would wanna reconsider deploying my capital into this counter given the seemingly poor financial management. To be fair,the directors’ remuneration for year 2020 occupied only 5.17% of their net profit. Venturing into renewable energies secured them contracts from Indonesia and Nepal,whether this profit is sustainable or not nobody knows as there is no track record from the past, I’ll will hold back for now.
I think the earning will be in the 0.10 range after pp dilution,anything above this is a boost to share price.I like the company ventured into the hydro power sector,it demands better profits and valuation,SEA countries r power hungry now,hydro power is the cheapest option for them.If Kpower manage to secure hydro power project in Vietnam,the contract will be huge because Vietnam demands huge power after many manufacturer moved in.Risk of temporary selloff ,long term bullish if earning trend maintain
Anyway Kpower is way better than Scib,shocked to see the latest Q of Scib receivable around $260mil,market cap $550mil,the receivable is almost 50% of company market cap !!
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....
AnsonLiew
2,251 posts
Posted by AnsonLiew > 2020-11-27 14:02 | Report Abuse
evrning crash la Lol
hehehe
run shark oredy cuci .no support later pricr crash