cakes moon,i thought u only holding Kpower after u switched from Scib.If u read back my previous comments u will know why.Scib is under construction,Kpower epcc focus in renewable energy hydropower demands better valuation.Scib demands 8-10xpe,Kpower 15-18x,RHB gave 17x ,if both earning 0.40 fair value for Serba is $4(10x0.40),Kpower is $6.8(17x0.40).secondly,Kpower net profits is around 12-15%,Scib 6%(lower net profit margin because contract from Serba,sure Serba will take away few % profits).Lastly the receivable and cash flow worst than Kpower.
I agree with Investorbat. SCIB's survival depends a lot on Serba, 100% receivables from Serbadk, >200m is like half of SCIB marketcap. Karim really need to manage better cashflow before SCIB can get a fairer/ much higher valuation judging by their current outstanding order books. My TP for SCIB is easily RM8 - RM10 but their financials really need to improve first.
hahaha KPOWER is not purely solarpower la... Pls did more reading before comment. It hasnt get a single solar contract yet. The main business is building hydropower dam
AnsonLiew... Do u think ur jaks will be better than kpower? jaks is ?coal power plant. Newly elected Biden is focusing on green energy... Dont need me to explain what is green energy. Just google it if u dont know
Ib can simply give high tp la look at topglove , they even give tp rm100 see now all ib downgrade tp to rm3.50 if they dont give high tp how to attract sohai like u to buy the share Lol first day in bursa market ah?
Actually I just joined share market this year like Ass-son but at least I did my due diligence looking into every news/announcement/reports in companies. With a little bit of luck, things turn out well :D
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....
Cakes Moon
6,896 posts
Posted by Cakes Moon > 2020-12-11 16:05 | Report Abuse
RM6 is on the way. Any idea why scib is lagging behind?