CYPARK RESOURCES BERHAD

KLSE (MYR): CYPARK (5184)

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Last Price

0.915

Today's Change

-0.015 (1.61%)

Day's Change

0.915 - 0.93

Trading Volume

7,155,100

Details of Changes
Securities After Change
Transactions
Ann. Date Name Details of Changes Securities After Changes
Date Type No. of Shares Price Direct (%) Indirect (%) Total (%)
Discussions
12 people like this. Showing 50 of 7,056 comments

Karlos

So sorry to disappoint some of you. This counter is definitely not for goreng one! Choose some others one.

1 month ago

hondapetak

Karlos. How much is the intrinsic value then.?

1 month ago

Karlos

Look at the biz, mostly investing as owner and operator for renewable energy. Cypark not only the largest in that biz segment but more importantly the earlier one in the game. Look at the numbers and make your own assessment. Does it deserve the current price of below RM 1 ? You can definitely find the right answer if you are willing to do some homework.

1 month ago

Jenova

1.50 possible.

1 month ago

paktua73

morning all cypark reader's..
come joined swing on new born counter..
its more promising..

paktua now play new born counter..
let joined paktua on good hot new born stock..

paktua back pick new hot counter for march till june..

so paktua n team we will focus on
1-Mtec paktua target rm1.43
2-KJTS paktua target rm0.93
3-Hegroup Paktua target rm0.70
4-Emcc paktua target rm0.75

set from 21hb march 24.till 7hb june 24..

come joined paktua Swing team..
let we fight together



tut tut
come joined paktua swing team..
sent request at tele @swingdarkred73

1 month ago

mf

Dow Jones

Dow Jones Industrial Average

39,313.64

-162.26

0.41%

Nasdaq

NASDAQ Composite

16,384.46

-44.35

0.26%

1 month ago

nickick

Something is brewing….

1 month ago

GrowthCapitalist

Its because of the new project would be awarded from the gov; that's all.

1 month ago

EatCoconutCanWin

Mati la... Ini company scam punya lo

1 month ago

Jack Khan

Lost so much money !!!!

1 month ago

Karlos

Those who understand the biz of Cypark and the accounting will know to to correctly assess the quarter result !

1 month ago

AhHuat01

everyone is disappointed on their accounting statement already! this can only improve once the new senior management team fixed their main issues.

Cypark has numerous significant problems that need addressing. The previous management ( including the current CEO), has been ineffective in managing the company's finances. 1) A vast amount of funds have been raised through private placements, sukuk, loans, etc., yet it's unclear how much of this capital has genuinely been allocated to projects. 2) The company's immediate hope lies in completing the last two LSS projects ( forever delay!!!!) and also ensuring the WTE Plant run at full capacity.

from recent QRs, AGMs, and company updates, it's clear that the new senior management team is actively working towards resolving the company's issues. Achieving full operational capacity in the existing facilities is crucial for the company's turnaround into profitability. The TOP QUESTION is: How long will the resolution process take? What is the expected timeline for these fixes?

1 month ago

Whiteevoque

Collection range from 86-91, and target 1.30-1.70 for wave 5

1 month ago

mf

Dow Jones

Dow Jones Industrial Average

39,150.13

-416.72

1.05%

Nasdaq

NASDAQ Composite

16,154.95

-241.87

1.47%

1 month ago

AhHuat01

Energy Commission opens LSS5 up for bidding, targets 2,000MW of solar generation
https://theedgemalaysia.com/node/706527

1 month ago

mf

Dow Jones

Dow Jones Industrial Average

38,596.98

-530.16

1.35%

Nasdaq

NASDAQ Composite

16,049.08

-228.37

1.40%

1 month ago

superfra7

Cypark’s latest quarterly accounts raise questions

https://theedgemalaysia.com/node/708379

3 weeks ago

GS

Saudi-based ACWA Power keen on investing over US$10b in M'sia, in collaboration with Cypark
https://theedgemalaysia.com/node/709776

3 weeks ago

hondapetak

Jackpot coming. U all better fomo tomorrow. No more below RM1.50 after this.

3 weeks ago

Whiteevoque

Acwa power is one of the biggest renewable energy company in the world! Usd10B investment for the next 10 yrs in malaysia with cypark! Powerrr

3 weeks ago

izoklse

Tomorrow sure rocket. Going to explore investment with ACWA power one of the biggest renewable energy companies.

3 weeks ago

kohcl130562

Continue to explore!

2 weeks ago

Michael Kwok

Price 94 cents
Tp 1.20 above
6 month or less waiting time.i come the counter will ong.
30/4/24 8.52am

2 weeks ago

AhHuat01

I was expecting to go 20%....

2 weeks ago

凯翔 赖

Bought in at 0.995. Just wait for another flying.

2 weeks ago

superfra7

buy buy buy, no need to wait

2 weeks ago

Jaeger

Show over?

2 weeks ago

凯翔 赖

1 day show only ,😄

2 weeks ago

8u29song

steady......

1 week ago

superfra7

relax, cypark steady pompipi

1 week ago

8u29song

get some and standby....Data centres/AI and EV and many other activities required huge amt of electricity.......

1 week ago

8u29song

and..for data centres, .the electricity supply needed are for 24 hours, no off days.....walao....

1 week ago

8u29song

steady come

1 week ago

8u29song

ECRL, Johor RTS, Penang LRT, new KTM trains...later HSR.....all consume huge amt of electricity....walao eh...

1 week ago

8u29song

talk too much...920 no more d.....

1 week ago

oks911

Saudi confirm or not?

1 week ago

凯翔 赖

If Saudi confirmed the share price will fly to the sky. Limit up & limit up again

1 week ago

miji

to the moon

1 week ago

8u29song

green energy is the trend.....

1 week ago

oks911

erect u mean? ahahhaa

1 week ago

ID007

something coming?

1 week ago

8u29song

Sendai up a lot these few days

6 days ago

Karlos

Mr Chung Chee Yang bought another 346.5 m. Cypark shares at RM 1.00 via Direct Dealing on 10 May 2024.

6 days ago

rob8ry24

patient... anything below 90 hoot99

6 days ago

AhHuat01

congratulation! CEO say good bye to us :)

6 days ago

Karlos

Welcome the new management together with new set of shareholders! We look forward to a bright future. Cypark is in the right industry in the right time. In fact Cypark was an early player in the green energy space and benefit from it as there was less competition.

6 days ago

yong1985cm

the thing is their Balance sheet is too weak and not so easy to move forward and growth. the loan ratio is too high and the operational cash flow coming from LSS2 Sik, Smart WTE are not sufficient to generate significant cash flow to fund any other future project. even with the COD of the current LSS2 + LSS3 in real soon, the operation cash flow will not be superb. Moving foward, cypark is hard to take up any large RE project (be it assets owner/EPCC), instead it can only continue to earn the low income from those project where he is assets owner, also O&M.

5 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.

5 days ago

oks911

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.

5 days ago

AhHuat01

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.

3 days ago

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