Cypark Resources Bhd - The grass is greener
Date:
2012-04-24
Firm:
CIMB
Stock:
Price Target:
2.82
Price Call:
BUY
Last Price:
0.63
Upside/Downside:
+2.19 (347.62%)
Target RM2.82
Asean's only listed renewable energy (RE) developer is set to boost FY13 core EPS by 91% yoy as it increases RE capacity by eightfold to 60MW. Execution risks are mitigated by Malaysia's feed-in-tariff, government support and 16-21 year offtake agreements with Tenaga. As its risk profile improves due to a sixfold jump in fixed revenue by FY13, more value will be unlocked. Cypark is trading at 6.3x FY13 P/E while offering 6% net yield. We begin coverage with an Outperform and RM2.82 target price, based on 10% discount to SOP due to its small size.
Source: CIMB Daybreak - 24 April 2012, Full PDF Report
Asean's only listed renewable energy (RE) developer is set to boost FY13 core EPS by 91% yoy as it increases RE capacity by eightfold to 60MW. Execution risks are mitigated by Malaysia's feed-in-tariff, government support and 16-21 year offtake agreements with Tenaga. As its risk profile improves due to a sixfold jump in fixed revenue by FY13, more value will be unlocked. Cypark is trading at 6.3x FY13 P/E while offering 6% net yield. We begin coverage with an Outperform and RM2.82 target price, based on 10% discount to SOP due to its small size.
Source: CIMB Daybreak - 24 April 2012, Full PDF Report
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CS Tan
4.9 / 5.0
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....
yap_lee
wow!!!!
2012-04-25 15:45