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2020-11-23 17:11 | Report Abuse
I think there wil b two tranch only. cos first tranch oredi 55m shares. left 22m
2020-11-22 22:22 | Report Abuse
Nevermind crash oso not your money. We can aford the lost. Only d rich can aford, not the stingy poor can aford.
2020-11-22 21:59 | Report Abuse
Reiterate BUY, new TP of MYR5.70 from MYR4.13, 20% upside with
c.2% FY22 (Jun) yield. We believe Kumpulan Powernet is on track to
deliver phenomenal earnings growth in FY21, and will double its orderbook
by end-FY21F. The company, in our view, may undergo a further rerating if
it can penetrate the solar industry, which fetches premium valuations.
ï‚· 1QFY21 earnings growth expectations. Conservatively, we expect
1QFY21 core earnings to at least match 4QFY20’s MYR7.3m, on the back
of continuous project billings from contracts in hand, coupled with higher
revenue from property development. KPOWER’s only commercial project
in Sentul, Kuala Lumpur – with a GDV of MYR41m – was 70%-completed
as of end-September. Due to the disruption caused by the Movement
Control Order, the expected completion date has been pushed back further
to Jun 2021. The company’s unbilled sales of MYR12m will be recognised
largely in FY21.
ï‚· Eyeing the Large Scale Solar 4 (LSS4) pie. Together with its partner,
KPOWER has put in bids as an asset owner for 50MW capacity in the LSS4
project, whereby the award could be announced by the end of this year. We
estimate the capex needed for a 50MW capacity at c.MYR180m. As such,
we do not discount the possibility of potential cash calls, if KPOWER is able
to secure this project. At the same time, the company is also seeking for
engineering, procurement, construction and commissioning job
opportunities from LSS4.
 On track to meet its end-FY21 orderbook target of MYR2bn. KPOWER’s
orderbook stood at MYR1.4bn as of October, and it has secured MYR248m
in contracts YTD. The company aims to grow its orderbook value to
MYR2bn by end-FY21, implying a replenishment of >MYR1bn. Its current
bid value stands at MYR3.2bn, of which 67% is from the energy segment,
followed by infrastructure, at 32%. Both logistics and utilities jobs account
for less than 1% of its total tenderbook.
ï‚· Still BUY. We maintain our earnings estimates, but lift our TP to MYR5.70
from MYR4.13, after rolling forward our valuation base year to FY22
(pegged to an unchanged 15x P/E). KPOWER has proposed a 4-for-1 share
split and a 1-for-3 free warrants issue, after the share split adjustment. The
warrants will have a 5-year tenure, with the exercise price fixed at MYR2.50.
We have yet to impute the warrants into our projections, as we do not expect
it to be exercisable in the near term. We are upbeat on this stock, as
KPOWER offers strong earnings growth – premised on the potential
doubling of its orderbook by end-FY21, as well as its superior ROEs.
Downside risks to our call are a lower-than-expected orderbook
replenishment rate, and project cost overruns
2020-11-22 21:57 | Report Abuse
Rhb said q12021 at least match q42020 which is 7m pat
2020-11-22 21:54 | Report Abuse
Usa wont lift ban on topglove. Force labor n treat foreign workers badly
2020-11-22 21:13 | Report Abuse
Usa wont lift ban on topylove. Force labor n covid case. Kikili
2020-11-22 17:48 | Report Abuse
Rhb research just upgraded tp to 570. Hold tight tight
2020-11-22 12:51 | Report Abuse
Ppl sell la the bonus shares ma.. wil drop one
2020-11-22 10:40 | Report Abuse
Tp 68 sen only by rakuten. No solid track record dun chase blindly
2020-11-21 17:25 | Report Abuse
Kyy said wasting monry wor sbb.. so how
2020-11-21 14:14 | Report Abuse
If mon no limit down how? U disapear from here, ok?
2020-11-20 20:40 | Report Abuse
Ober goreng la. C who is the highest
2020-11-20 20:15 | Report Abuse
Realy miss this one. Last time i saw 80 over sen
2020-11-20 17:05 | Report Abuse
cheap cheap oso I wont buy
2020-11-20 17:05 | Report Abuse
below rm1 oso I wont buy
2020-11-20 14:13 | Report Abuse
mayb I feel the result is expected, not a wow. Definitely I wil buy back if there is a chance
2020-11-19 23:00 | Report Abuse
The more u denied the more u incured losese
2020-11-19 22:59 | Report Abuse
The more u denied the more u incuree loses
2020-11-19 22:19 | Report Abuse
Bcos glove game over oredi
2020-11-19 22:12 | Report Abuse
Tis round..can touch rm8.50
2020-11-19 22:09 | Report Abuse
I oredi said dun buy property counter. Tp rm4 pun berani u cakap. Then wat is ioiproperty sunway simepty spsetia? All rubish property ka
2020-11-19 18:29 | Report Abuse
Should question the poor management wasting company money to ebb
2020-11-19 18:26 | Report Abuse
Growth in all bisness segment
Stock: [SAMAIDEN]: SAMAIDEN GROUP BERHAD
2020-11-23 17:13 | Report Abuse
many water fish kena kah?