KPower's 1QFY21 net profit stood at RM8.15 million, from RM948,000 a year ago, on construction-related activities. Quarterly revenue jumped 411% to RM57.06 million from RM11.16 million a year earlier.
According to Mustakim, the group targets RM2 billion for its FY21 order book. Currently, its secured projects stand at RM1.4 billion, and outstanding secured projects are worth RM1.2 billion.
He explained that currently, the group has tendered for RM4.21 billion worth of projects.
Of this sum, it has bid for RM1.35 billion worth of infrastructure and energy projects in the Middle East. It has also bid for RM1.17 billion worth of energy projects in Indonesia.
As for Malaysia, the group has bid for RM1.04 billion worth of projects, which are focused in the infrastructure, energy, utility and logistics sectors.
In Laos and Nepal, Mustakim explained that KPower has submitted bids amounting to RM44 million and RM600 million respectively.
As such, the group hopes that it will be able to secure some of the projects that it has submitted bids for, and noted that it will be bidding for more projects as FY21 progresses.
In terms of capital expenditure (capex) for FY21, Mustakim said the group anticipates deploying the funds towards a large scale solar 4 (LSS4) solar project it is currently bidding for. It estimates that the total cost of the project to be around RM180 million, with their equity portion to be between RM60 million and RM70 million.
At the same time, the group will use some capex as a "bridger" for some of its existing projects
We hope that with this RM4.21 billion, we will be able to capture some of the projects. A lot more will be coming in throughout 2021,” said Mustakim.
He added that KPower is hopeful on the large-scale solar project, which it has entered in the current tendering, and in the event of the company being able to secure that particular project, its capital expenditure is going to be around RM50 million to RM70 million from the total project cost.
CoolJay, A new management has taken over Kpower in 2019, hence this explains why the company has started to gain profit over the last two years. This is a great example of a turn around company. Go and read the company’s financial report.
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....
rockosl86
147 posts
Posted by rockosl86 > 2021-02-06 11:20 | Report Abuse
Karim sell his warrant bcoz he also want collect cheap maa..hahahahaha