KLSE (MYR): CYPARK (5184)
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Last Price
0.68
Today's Change
-0.02 (2.86%)
Day's Change
0.67 - 0.695
Trading Volume
1,633,400
Market Cap
560 Million
NOSH
823 Million
Latest Quarter
30-Apr-2024 [#4]
Announcement Date
28-Jun-2024
Next Quarter
31-Jul-2024
Est. Ann. Date
29-Sep-2024
Est. Ann. Due Date
29-Sep-2024
QoQ | YoY
-106.96% | 80.60%
Revenue | NP to SH
184,004.000 | -84,604.000
RPS | P/RPS
22.36 Cent | 3.04
EPS | P/E | EY
-10.28 Cent | -6.61 | -15.12%
DPS | DY | Payout %
0.00 Cent | 0.00% | 0.00%
NAPS | P/NAPS
1.48 | 0.46
QoQ | YoY
73.98% | 69.18%
NP Margin | ROE
-45.63% | -6.95%
F.Y. | Ann. Date
30-Apr-2024 | 28-Jun-2024
Latest Audited Result
30-Apr-2023
Announcement Date
30-Aug-2023
Next Audited Result
30-Apr-2024
Est. Ann. Date
30-Aug-2024
Est. Ann. Due Date
27-Oct-2024
Revenue | NP to SH
184,005.000 | -84,605.000
RPS | P/RPS
22.36 Cent | 3.04
EPS | P/E | EY
-13.76 Cent | -6.61 | -15.12%
DPS | DY | Payout %
0.00 Cent | 0.00% | 0.00%
NAPS | P/NAPS
1.48 | 0.46
YoY
65.18%
NP Margin | ROE
-45.63% | -6.95%
F.Y. | Ann. Date
30-Apr-2024 | 28-Jun-2024
Revenue | NP to SH
184,005.000 | -84,605.000
RPS | P/RPS
22.36 Cent | 3.04
EPS | P/E | EY
-13.76 Cent | -6.61 | -15.12%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
-137.76% | 65.18%
NP Margin | ROE
-45.63% | -6.95%
F.Y. | Ann. Date
30-Apr-2024 | 28-Jun-2024
Date | Financial Result | Financial Ratio | Per Share Item | Performance | Valuation (End of Quarter) | Valuation (Ann. Date) | |||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
F.Y. | Ann. Date | Quarter | # | Revenue | PBT | NP | NP to SH | Div | Net Worth | Div Payout % | NP Margin | ROE | NOSH | RPS | Adj. RPS | EPS | Adj. EPS | DPS | Adj. DPS | NAPS | Adj. NAPS | QoQ | YoY | EOQ Date | EOQ Price | EOQ P/RPS | EOQ P/EPS | EOQ P/NAPS | EOQ EY | EOQ DY | ANN Date | ANN Price | ANN P/RPS | ANN P/EPS | ANN P/NAPS | ANN EY | ANN DY |
PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.
NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.
Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.
All figures in '000 unless specified.
By 2024, US tariffs on chinese solar cells, whether or not assembled into modules, will increase from 25% to 50%. China controls over 80% to 90% of certain segments of the global solar supply chain and provides solar components and panels at low prices, affecting investments in solar manufacturing outside China. As a mature solar manufacturing base, Malaysia may benefit as manufacturers seek supply chain alternatives to China.
2024-05-15 22:11
The balance sheet shows contract assets and receivables totaling 0.87 billion (777+101). The total debt stands at 1.4 billion (170+1301)
The bulk of the contract asset is tied to the Renewable Energy project. Currently, there’s only one LSS project remaining, which is nearing completion. It’s now the responsibility of the new management to collect the money from its client. The hope is to recover at least 70% of the 0.87 billion, which equates to about 600 million. This amount can be used to repay the loan, potentially reducing the total debt to approximately 0.8 billion in near future. This could result in a gross gearing ratio of around 0.47.
In the short term, the goal is to secure as many EPCC projects as possible to boost cash flow. Later, the focus can shift back to solar farm projects. Funding shouldn’t be a major concern as Cypark has Jakel’s support. Additionally, new projects can leverage a joint venture business model for bidding and building future solar farms.
I didn’t take into account the future earnings when the current LSS farm (potential brownfield expansion) and WTE reach the maximum capacity. This will undoubtedly enhance the overall net profit. In conclusion, provided that the new management team is committed and diligent, I’m fairly confident that Cypark will evolve into a more successful company
Definition (according to AR2023):
A contract asset is recognised in respect of the right to consideration for work performed which has not been billed at the reporting date. Contract assets are reclassified to trade receivables at the point at which it is billed to the customers and none of the amounts are past due at the reporting date.
2024-05-17 00:43
tomorrow ada rocket fly kaa?
https://theedgemalaysia.com/node/713916
tut tut
let see how
2 months ago
https://www.nst.com.my/business/corporate/2024/06/1058316/jakel-committed-invest-rm1bil-year-and-more-2025-expand
well, was just kind of contemplating for a bit, if there might be some possible positive impact on cypark
2 months ago
anyway, on kind of a more general note😉
https://www.thestar.com.my/business/business-news/2024/06/03/asia-shares-rally-on-hopes-for-more-rate-cuts-this-week
2 months ago
not that unlikely, I reckon🧐
becos cypark is majority owned by jakel, whom as I understand it is basically the major funder and land provider for that proposed new jv datacentre project
2 months ago
CEO resigned, maybe his other related account selling. Wait for it...the pressure of selling absorbs to fuel Jakel rocket 🚀
2 months ago
登州混合太阳能项目 Cypark全面商业营运 https://www.enanyang.my/财经新闻/登州混合太阳能项目-cypark全面商业营运 (Share from StockHunter)
2 months ago
Another RE rumors that KAB is diving into solar power, floating solar, battery storage, waste heat recovery, and waste-to-energy projects, and another big expansion in Kedah! Definitely worth checking them out..
2 months ago
The SMART WTE COD and started its sales to TNB on 14 December 2022.
As of the end of April 2024, the WTE plant has been commissioning for nearly a year and a half..... 1.5 years liao hellooooo.....how can they continue to incur losses??? what are the people doing? rugi 61million... really speechless...
1 month ago
Disappointing qtr results..... 4th qtr 2024 resulted in loss after tax of RM58m
full financial year loss of RM84m, cashflow is also negative at -RM37m from operating activities
the RM57m loss mainly comes from RM46 million derecognition of the deferred tax assets the loss is attributed to the reduced electricity sale by the Waste Management & Waste-To-Energy division, following a temporary
unscheduled downtime for necessary rectification efforts...
1 month ago
The demand for green or renewable energy by data centres would likely exceed what currently available. Cypark was early in developing and owning solar farms and therefore obtained higher profit margins compared to the new solar projects.
1 month ago
August new themes...will it be LSS5 and renewable energy? Both benefits here...hehe
3 weeks ago
8m ago (12:45 GMT)
Italy’s top diplomat asks Italian tourists to leave Lebanon
Foreign Minister Antonio Tajani has asked Italian tourists not to go to Lebanon and for those already in the country to leave on commercial flights “as soon as possible”.
In a post on X, he said the advisory was issued due to “the worsening situation” in a region that is bracing itself for a response to Israeli assassinations in Tehran and Beirut.
2 weeks ago
### Combined Analysis of Cypark Resources Berhad
**Debt Levels & Financial Health**:
Cypark's debt is significantly high, with RM1.49 billion in liabilities and RM1.33 billion in net debt as of April 2024. The company’s cash reserves are only RM153.2 million, and its receivables cover part of the liabilities, leaving a deficit of RM638.5 million. This poses a significant risk, particularly given the company's declining revenue (down 12%) and negative EBIT of RM19 million.
**Profitability Concerns**:
Cypark has not produced positive earnings, and with negative free cash flow of RM249 million, there is concern about its ability to meet obligations without diluting shareholder value. The absence of meaningful earnings makes it reliant on external financing, increasing vulnerability.
**Conclusion**:
Cypark's financial situation is precarious. Its heavy debt burden, coupled with shrinking revenue and losses, suggests that investors should be cautious. Without operational improvements, the company may face significant challenges in stabilizing its balance sheet.
3 days ago
Karlos
High gearing is a common feature of asset owning company like Cypark. It is ok as the the cash flows are guaranteed via PPA ( Power Purchase Agreements ) with the off takers.
A power plant project with PPA can have gearing of 80/20 as the sale from the plant output is guaranteed during the entire duration of PPA. Moreover the power plant project would only proceed if it will provide sufficient returns for both the lenders and owner.
2024-05-15 11:30