@papayashot, you can google it

It was closed down 10 years ago bcos not doing good jobs in collecting rubbish in Kajang.

Also the Kajang WTE plant had never operated fully and always broke down. By the way, it was BN-Government product, collecting rubbish at 42 per tonnes (if not mistaken)

Cypark only collect at 30 per tonnes.

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Plant Broke down = can’t burn rubbish = no place for rubbish storage = reason to collect lesser rubbish

Collect lesser rubbish = huge complaints from kajang residents = tutup kedai by Non-BN Selangor Government

Bullrun_93, thanks for your words, just to inform that I do not have any investment in Cypark.

I did my research bcos I have something not clear, even though it looks not a bad choice.

For knowledge sharing, LSS project entitled 1% finance rebate grant from Government for first 3 or 5 years (can’t remember that) & promise of TNB’s power purchase agreement.

But the biggest challenge for farm owner is Land & Financial arrangement. So far, Cypark has done well in this.

Hope the chairman can live long enough to see the fruits of the long time works.

I personally hope WTE project will succeed & not repeat the failed story of Kajang WTE plant

For comment from Geco, What does he know? MILK.

Once you know the concept, then you will know how Cypark operates, but more big scale & complicated in finance control & arrangement

By the way, cypark also offer these kinds of private home solar project to landed house owners

Final reply to papayashot, first you have to know what solar project a normal landed house can go under the solar subsidies from the Government & TNB.

Private Roof solar project can give you yield of 14.3% p.a. With cost of investment not less than 70K.

Assuming 5% depreciation + 2% maintenance from contractor (I simply guess only)

Roughly you can get 7% yield p.a.

You can change the amounts & percentage, as long as you happy

Slvest is purely a contractor doing construction works for solar farm, though they said wanted to be farm owner, but still talk only.

For PE70+, it is a joke to me, goreng stock.

Cypark is more interesting to know & to dig, for they are owned & run by genuine business entrepreneurs.

They have been thinking BIG & doing not a bad jobs to me. Read their past 10 years’ Annual reports & digest all things they did for the past 10 years, then make your own decision whether want to join their boat or not.

Why 7%? I simply guess only.

225mil x 3 = 675mil contract cost. Assuming this is the cost of construction, excluding land cost.

The expected annual revenue = 25mil x3 = 75mil. (Go google to check this, it was from the mouth of the director)

Do your own math:
1. Finance cost 3% or so for the first few years, as per LSS package grant from Malaysia Government
2. Depreciation (can’t remember the name of the method to be used, extremely complicated, can’t project how much Will be charged)
3. Maintenance & overheads of the sites

I have to say, I have been wonder why the 3 owners never paid since day one, after reading the prospectus, it cleared my doubts on the situations. I have to say, it is very smart & professional.

3rd, pls read yourself in the prospectus on how Cypark deals with the 3 owners in 5 years time.

Give you a hint, it is about capital restructuring.

2nd, Cypack then organised the issue of Sukuk by pulling in the 3 owners into one boat (One of it is Cypark’s subsidiary), that’s mean, Cypark helped 3 owners to finance the building of the Solar farms

First, Cypark won the contract works for the 3 projects, but didn’t anyone realise that Cypark has received NO PAYMENT from the 3 contracts since day one? Not a single cent.

Have anyone read the prospectus for the issue of the sukuk by Cypark?

It told storIes about how to go about with the 3 projects under LSS2. Very detailed & very clear.

Why market gives such low PE price for Cypark?

Let me tells you, it is bcos:

high cost per MW = High capital commitment & low ROI.

Go check YTL power’s records on & compared building cost & expected revenue of coal vs solar plants.

The road path is clear, no doubt about it, but the capital commitments to own & run the solar projects are no different to you & me to own our own solar panels in top of the roof of our houses.

Projected slightly higher than 7% return p.a. is not sexy business.

Come on, Geco, are you new here? Never read newspapers? It is ok if never read, at least read the articles here la....

Why flagged? Scared of truth?

The dark is afraid of the light, because when the light shines, the dark will shy away

Thanks for sharing

second wave? Not good to Top Glove? What logic is it? Panic?

Annualised latest Quarter & at current price, market has priced it PE 31.3 times

Make your own judgement.

Congratulation to those who hold on until now.

Revenue consistently dropped every quarters since 2017, how can this kind of company still command such high PE?

Good luck.... RM4 is not a dream when market panic later

This is idiotic company selling fake hope of riding digital waves....

All courier companies delivered shit results as all fighting the same business from Shopee & Lazada.

Same to Amazon, the winners are online platforms. Never the one who deliver.

Haha, joke..... why not rm15?

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sampooler give get the licence, will be rm4.
28/05/2020 7:01 PM

20 cents is not a dream

30 cents are coming, gooooooooood luck.....lol

Terrible results, revenue dropped like no body

Alamak, why profit never double up like Amax? Hapislah kali ini, besok red red liao....lol

Once the wise man said, when you see uncle aunty in the wet market excited about stock market, you better run....hahaha

Many newbies in the market

Judging from this comment, this guy should have not read any page in the QR from the 3rd page onwards.... lol

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Kamapokteh Wowww Q1 profit 366%
16/05/2020 2:22 PM

Very bad result, bad top line too

Very bad result

哈哈，你可以选择跟买，反正价钱还不是起很多，但不要怪别人说一整年都不会起。

或者选择不买，因为他在钓水鱼，幸好你不是那条水鱼。

Congratulations to those already make money

I wonder since when street people trust IB’s TP?..... lol

Good luck for chasing, please read the past years reports and estimate your own projection of WHAT KIND OF PROFIT IS NEED TO JUSTIFY the surge in share price.

Ha, with the “RED” result out, many faces turn “GREEN”

By the way, it is nothing wrong to always do your homeworks, is there anything to argue?

It is the issue of CLASS, LOW CLASS OF ALL IDIOTS & JOKERS.

Jokers & idiots are now flooded in every forums of i3 & these jokers will never recognize the good & positive sides of the other person, they are normally acting like a Stock God, if not Stock King.

More importantly, their opinions are always the highest among all, either you agreed with them, or else your opinion will be classified as rubbish by them.

Pity kcchong & OTB.

Not mean to offence, but I can guess how old you are and degree of your intelligence judging from your statement. good luck for making good money.

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Posted by Mabel > May 14, 2020 1:15 PM | Report Abuse
Who said Sell in May...
All I see is Meow in May..
So nice...

How much high can go from PE67 now?

PE67, either you are good & brave, or you are idiot & blind, time will tell.

chase high sell low? Buy low sell high?

Good luck dudes.

Can I short Airasia?

I hope you are right, calvintaneng

What I saw for the past few weeks were pure MOUTH PUSHING...

Gooooooood luck tomorrow.......

LCTITAN comment on why profit down:
The main reason for the decrease in profit before tax from RM 89.1 million to loss before tax of RM 205.8 million is mainly due to margin squeeze resulting from the fall in product selling prices and higher feedstock costs, increase in write down of inventories
https://klse.i3investor.com/servlets/stk/fin/5284.jsp

Lim Guan Yin talk No.1 打嘴炮一流

New Finance Minister Zafrul is thousands miles better than Lim Guan Yin.