this one is for long term one... hopefully FY2020 Net Profit got atleast 20M ....

thn company will issue 0.05 to 0.06 dividend = 7% to 7.5% ( with 84 cent price)

Net Profit:
2017 - RM 59.8M
2018 - RM 21.9M
2019 - RM 35.8M
2020 - RM 20M <<<<<<<<< CAN OR NOTTT?!?!?!? Q1 already 5mil
2021 - more thn 50M ????? got mega project, and Gov protecting CSC steel price from importer!!!

anybody???

@Karlos, how does the ESOS works? Management issues 4,177,000 @ 59.5 sen... meaning these 4,177,000 will be added automatically into their Treasury Share? and Staff can purchase it @ 59.5 sen?

@EatCoconutCanWin where u find the news from?

when are they going to stop selling....

copied from https://www.klsescreener.com/v2/comments/all/stock/5184

lets start of with their cash flow. According to AR2019, the remaining maturities of the loans and borrowings at the reporting date are as follows:
- 184.8 million - On demand or within 1 year
- 53.2 million - More than 1 year and less than 2 years
- 220.2 million - More than 2 years and less than 5 years
- 715 million - 5 years or more

I think 184.8 + 53.2 is not an issue for the company to pay back because they have issued RM550.0 million Sukuk. In the AGM, Cypark mentioned they are looking to restructure RM500 million of existing loans through potential future Sukuk with longer maturity date and lower interest rate.

Hence, we don't need to worry on their cash flow, as long as Cypark keep securing more projects in future which will contribute positively to their incurring revenue for 21 years.
According to AR2019, the Sukuk has a tenure of up to 22 years, this will be backed by the projects’ anticipated long-term concessionaire income for the next 21 years starting from 2021.

You may google the difference between Sukuk and bank loan, and you will find out the reason of issuing Sukuk is a perfect strategy.

Cypark's revenue comes from four segments as follow:
- Environmental engineering
- Renewable energy & green technology
- Landscaping and infrastructure
- Maintenance works
Today, I am keen to find out more about "Renewable energy & green technology" recurring revenue.

Here are the list of On-Going project, once completed, will be Secured/Owned/Operate & Managed by Cypark:

*LSS2 - 30MWac
Cypark expect to complete all three projects by the targeted Commercial Operation Date (“COD”) of 31 December 2020
- Above is taken from AR2019 (which is released before MCO)
- Not sure if this will be delay or not
- According to Daud (CEO), he estimated RM25 million of revenue annually for 21 years

*WTE - 20MWac
the SMART WTE project will be contributing positively to the group’s revenue by 2021
- Above is taken from AR2019 (which is released before MCO)
- however, due to MCO. Cypark has yet to announce the official completion date ( Before MCO, the targeted completion date was at Q2 2020 )
- Lets assume no more MCO and Gov allow technician from japan/korea to enter Malaysia for testing and commissioning, maybe Q1 2021 can complete?
- According to Daud (CEO), he estimated RM80 million of revenue annually for 21 years

*LSS3 - 100MWac
KUALA LUMPUR (June 24): Utility giant Tenaga Nasional Bhd (TNB) today inked three large-scale solar (LSS) Photovoltaic Power Purchase Agreements. All three projects’ commercial operation is scheduled to be from Dec 31, 2021.
- Cypark secured 100 MWAC
- According to Daud (CEO), he estimates a 100MW plant could generate an annual revenue of between RM50 million and RM60 million.
- This will contribute to FYE2022

* and biogas and biomass

So, i went to check their 'Renewable energy' Segment from AR2014 to AR2019 and it seems the revenue is increasing steadily:

Renewable energy Segment (Revenue in MYR)
FY2014 - 34,954,629
FY2015 - 39,665,233
FY2016 - 46,544,314
FY2017 - 48,713,260
FY2018 - 48,784,125

with the above facts, i can have an estimation of their future revenue:
FY2020 - 59 million - maintain, as there is no new plant to generate extra electricity
FY2021 - 59+(25/12*10)+(80/12*9) = 139 million
FY2022 - 59+25+80+(50/12*10) = 205 million
FY2023 -59+25+80+50+ LSS4???
FY2024 - 214 million + LSS4 + future project???
The above is just an estimation, and the recurring revenue seems promising.

From their latest QR, Cypark owns approximately 47 MWdc of solar plants In 2020.
This capacity is expected to increase to approximately 200 MWdc with the expected completion of LSS2 and several NEM Projects by early 2021.

With only 47 MWdc, Cypark can already generate 59 million revenue. Whats more after the completion of LSS2, WTE, LSS3 & biogas and biomass? This will contribute positively to Cypark revenue with an estimation of increasing 250 - 300% within the next 1.5 - 2 years !!

Lets not forget other segment of their business, especially 'Environmental Engineering' segment will bring in more revenue to Cypark as Malaysia announced that target of the country is to achieve 20% renewable energy by 2025, which implied RM33 billion of investment in renewable energy sector.

FYI..
When asked about the effect of consecutive rainy days in Malaysia, Daud explained that Cypark calculates its solar generation by annual sun hours not daily. With the long historical weather data, Daud noted that the daily rainy versus sunny days variable does not affect its annual projections.

@jason85, where do u find their sales are doing good? can share?

i suspect got 1 x local institutional is slowly collecting this share since 16 July...

16 july - bought 1152++ lots @ 0.830
24 july - bought 1305++ lots @ 0.845
28 july - bought 1159++ lots @ 0.830

should i average up abit?? ehmmm

@Jason, if FY2020 still can maintain 30 million net profit, with the current price (RM0.84) we can get around 8% dividend for 2021 :) hahaha somemore those ppl bought at 70cent or lower sure happy daooo

many more to learn from you BabyAce

@BabyAce, how do you decide if a company's EPS is consider healthy? The EPS between Paramount and others competitors seems to have a big gap

on top of that, HSR,ECRL, maybe construction projects ( i believe coming soon) will benefit CSC :)

hahaha but thanks to your blog...after reading and did some research... decided to go with Paramount over MahSing and Eco
Paramount revenue steadily increase year over year as oppose to the competitors

but nvm lar... for long term anway...put few years collect dividend

aiya...i was wrong..should have waited longer...

seems like the no1 is selling anymore :)

waiting the price to drop lower to collect =)

@Jason85 whats your average price?

this is good, thanks! any future blog?

https://www.theedgemarkets.com/article/ecrl-project-only-002-delayed-due-mco-says-wee

https://www.theedgemarkets.com/article/malaysia-singapore-resume-discussions-highspeed-rail-project-soon-%E2%80%94-azmin

does this mean it will benefit the local steel manufacturer ??