fly liao fly liao, remember to take some profits guyssssss

but price never move hahahaha

It definitely looks like the GTP in Melaka has a bright future! and CYPARK going to be part of this =)

The project to set up a GTP in Melaka is likely to succeed because there are already 3 German companies operating there, with plans to invest RM3.6 billion soon. Additionally, 3 more companies are expected to invest RM400 million. This shows strong interest from German businesses, making the project promising.

no matter what, end of the day, cypark needs to clean its balance sheet first ....

Chairman hinting something. be prepared :) i am speculating, do not quote me**

Looking ahead, we are excited about the development of the TPA, which will open new market opportunities for IPPs and expand their customer base. We plan to build strategic partnerships, particularly in the data centre space, to attract customers who value renewable energy.

https://www.datacenterdynamics.com/en/news/malaysias-jakel-invests-in-pidc-for-51mw-cyberjaya-data-center/

top up at 70cent today. pls bring me fly

somemore got fire incident ... =.=

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...

Guys, look at their media presentation from March 5, 2024. Their take-up rate is 81%, which means approximately RM593 million GDV (19% left) remains available for sales. And the sales for the first quarter was at RM101 million (about 17% from the RM593). There are no new projects until May 2024, which is the first project of the year. Therefore, the QR from yesterday was anticipated.

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.

congratulation! CEO say good bye to us :)

guys....read the AR, in fact this statement was announced before the AR2023!

For the benefit of shareholders, the Board of Directors of Paramount has resolved to adopt the practice of declaring second interim dividends, if any, as opposed to proposing final dividends, to enable shareholders to receive the dividends earlier.

I was expecting to go 20%....

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

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?

28 Feb 2024: In parallel, the senior leadership team remains steadfast in completing the current solar projects and commencing commercial operation

lapsap cypark

ok, they fail again.. haiz

what do you guys think? can both LSS 2 and 3 completed by end of 2023???????

every time also MOU lar....tipu only don so serious pls

Huart arrr!!!!
His CEO position going to say bye bye to him soon hahaha. Good move!

i just spotted something...after 7 months of operation, they still cannot figure out to run the plant in optimal capacity.... lousy

QR ended 30 April 2023
- the revenue from sale of green energy from WTE was lower from expectation during its initial stage and we target to get optimal capacity soon.
- margin will improve once the plant has stabilise

QR endedd 31 July 2023
- the revenue from sale of green energy from WTE plant was lower than expectation during its initial stage of operation and it is expected that the plant will achieve the optimal capacity soon.
- the margin will improve once the plant has stabilised

i curi makan, buy in abit just now test water haha

i sad see the price keep increasing lolz

whootz make money liao....take profit sin~ free lot banyak~

i top up abit more after reading the AR... well, there is risk involve....we shall see

don worry, i think this time they are serious about the business, added new people in top management

Terrible management.... Good company, good business model, good solar farm asset, but lapsap ppl

@Star168, do u believe only 1 time impairment lost? Hahaha if it was not because they hired the new chairman, I would have sold all my share on Monday. I really hope the new chairman is not here to do wayang only ....

which dump investor still willing to invest their money via PP or RI? doesnt make any sense...

I feel that the lousy ex management was aware of the impairment but deliberately chose not to disclose it to the public... thn after Jakel join this company, they spotted something fishy and so hired Dato' Ami Moris ... It is possible that Dato' Ami Moris, being hired to clean up the situation, made the decision to declare the impairment loss to the public....end of the day, her goal is to clean up cypark shit...

cut lost cut lost!! still got alot intangible asset!!!!

now the question is can the new chairman be trusted or not??? make sure she is hired to deliver ....

The Chair of Cypark, Dato’ Ami Moris said, “The impairment assessment was done in a timely and prudent
manner to best reflect the financial position of the Group. It enables the management to focus on completing active
projects”.

Dato’ Ami Moris further added, “Moving forward, we remain focused on delivering active projects, such as the
Selgate RM109 million hospital construction contract, LSS2 Floating Solar Project in Danau Tok Uban, Kelantan
and LSS3 Solar Project in Merchang, Terengganu. Upon completion, the LSS2 Floating Solar will be the largest
floating solar in the world outside China with combined capacity of 60MWac/100MWdc while LSS3 Merchang will
become the largest solar farm in the country with 100MWac/171MWdc capacity. Both are targeted to be completed
by end of 2023. With this, Cypark will have approximately 400 MW of RE assets under its operational portfolio,
maintaining our position as the largest RE player in Malaysia. Whilst focus is to complete active projects, Cypark
continues to identify immediate opportunities such as the Corporate Green Power Purchase (“CGPP”) program,
the lifting of the export ban on renewable energy, and accelerated energy transition plans by corporates and
governments.”

it is what it is...lousy ex management ...con9 our money only

https://my.linkedin.com/in/morisami?original_referer=https%3A%2F%2Fwww.google.com%2F

- Ami Moris has a total of 13 years working experience in MBB investment banking group
- Under her leadership, MBB IBG became ASEAN's largest equities franchise and was voted Best Broker in Southeast Asia for 8 consecutive years. In Malaysia, Dato' Ami guided the business from a Bottom 10 position to Top 3, while being consistently voted Best Brokerage in Malaysia.
- Ami Moris retired as CEO on Nov 2022
- she sill held many management roles in other organization (30% Club Malaysia, UM Holdings, University of Malaya etc)
- her mission continues to help organizations build more profitable and sustainable businesses

is the new chairman reputable? can bring cypark fly or not?

so sad me...average up @ 0.82 around April thought want goreng up up liao mana tau tak jadi...sad

almost there to enter again :)

im more worried on the new project... their revenue going to reduce more and more if no new project kicks in....for now, recurring revenue cannot meet past project revenue....so this one need to take note also.

but for now most important is to finish all the project first lar....better cash flow, thn see how later

huart arrr!!! hahaha i am quite confident on the WTE and LSS2 recurring revenue....as for LSS3... there is a possibility the management might need more money to finish the project!!! judging from their lousy management skill

this stock fundamental is not good yet.... play smart pls :)

down trend will last for few months again? kekekeke

i think ar... might increase.... donno what those big player planning to do next
me still monitoring see when want to masuk again ehmmmm

is just MOU...don't take it too serious... any time can pull off

let it drop larrr ... up so long liao

go up 1.27 can or not?????? i want sell!!

mari mari 80 cent pls

@Chong3710 which 2 previous company? got link can share?

later they sell 50% into market = gg.com

Jakel Capital said in a statement that the investment is to strategically rebalance the Jakel Group’s investment exposure with the ESG investing into its portfolio.

“For Jakel Group to remain competitive in future, we are obliged to embrace and prioritise the ESG principles in everything we do, towards providing greener practices, products and services,” said Jakel Capital CEO Muhammad Ashraf.

can trust or not??

Gg cypark. EPCC revenue is getting lesser n lsser. Recurring revenue cannot cover the epcc revenue....habis lar for the next 1 to 2 years

i sold @ 0.460 hahahah dman itttt