trade volume getting less and less...panic sell all gone..

While Serba’s FY21F–FY23F earnings are unchanged for now, our lower fair valuation stems from perceptions of elevated risks stemming from the appointment of an independent auditor by the group's board of directors to conduct a special review to “assess the veracity and accuracy of matters” raised by KPMG, its external auditors over the past 7 years since 2013.

From an analyst briefing yesterday, we understand that this special review was partly triggered by difficulties involved in the audit process for the group’s regional operations in over 20 countries under Covid 19-enforced movement restrictions, which led to the group’s change in financial year-end from 31 December 2020 to an 18-month period ending 30 June 2021. In FY20, overseas projects account for 75% of Serba’s order book of RM18.7bil and 69% of its FY20 revenue.

From the understanding of management at this juncture, the review does not appear to involve any elements of fraud, bribery or breach of trust. However, management did not reveal the exact nature nor sums involved in these operational issues raised by its own auditor except to say that updates will be made upon finalisation of the special audit appointment.

While there could be more clarity when the review is completed together with the issuance on the group’s annual report by 31 October this year

@power 88
serba Dinamik shareholders
Top 5 shareholders 3 bosses +kwsp+kwp= 64.4%
100k up shareholders (IB) = 32.4 %
100k below shareholders = 3.1%

3.1% =110 million share...

maybe today target 10%... tomorrow another 10%

37k buying 0.355... u can see, very soon somebody throw ..

0.355 coming

PROFIT 2020= 2.3 M...2021 gurantee profit 5m ..double

As set out in Section 3.8 of this announcement, subsequent to the Acquisition which was completed on 24 March 2021, CCKSB had become an associate company of Techfast Group. The Acquisition comes with a total profit guarantee of RM10.00 milllion for 2 financial years up to FYE 31 December 2022 of CCKSB and the Acquisition is expected to be earnings accretive to Techfast Group.

everyday use same strategy..push a bit.. then sell big volume.. small holder die...

if got share , sell and run before late

most of counters announce share split..price up...tecfast going down haha

people keep selling...haha

good... 3.00 otw

Kwsp buy lagi, 882,500

tmr fly

big buyer coming

wait 1.88

Elsewhere, Myanmar’s state of emergency will result in mild hiccup on the rollout of 200-300 towers orderbook in 2021 amid the shortened operating hours. Nevertheless, we note that majority of existing orderbook are located at 2nd-tier cities which has minimal impact from the on-going protests at larger cities. With the current tenancy ratio stagnating at approximately 1.3x in Vietnam, OCK will be deploying more aggressive marketing strategy in FY21f

green energy, 5G, tower telecommunication.. Hidden Gem...buy and hold for few months can go RM 1.00

TOWERCO

OCK is poised to adopt a two-prong strategy to grow its telecommunication tower business whereby the number of telecommunication towers under its portfolio will be increased as well as to further expand its existing regionally. OCK will also continue to entrench its position as one of the largest providers of telecommunication network services in Malaysia.

To date OCK has a telecommunication tower portfolio of more than 4,200 towers across Myanmar, Vietnam and Malaysia. Its towerco recurring revenue stream provides a commendable contribution to the Group. With that said, the Group’s recurring income from this segment will continue to grow as OCK continues to increase its tower portfolio across the region.

In Vietnam, OCK is the largest independent telecommunication towerco with over 2,700 telecommunication sites. The Group has a pipeline of targeted telecommunication sites to be acquired in 2020 as part of its brownfield expansion plans in Vietnam.

In Myanmar, OCK provides telecommunication infrastructure and resource supply services to its clients with a track record of completing and owning more than 1,000 telecommunication sites. The Group is aggressively building and acquiring more sites in this greenfield telecommunication market.

In Malaysia, OCK has made a strong tower portfolio growth in FYE2019 as compared to previous years, owning close to 500 telecommunication sites to date. This year in 2020, albeit the limited impact from the COVID 19 Pandemic effect, OCK will still continue its growth plan at a slower pace and will also continue to add additional towers into its local portfolio

GREEN ENERGY SOLUTIONS In line with the Government’s initiatives for the green renewable energy sector, the Group is enhancing its solar renewable energy segment via acquisition of solar farms to fortify its secondary recurring income stream. OCK is actively participating in the Government’s initiatives on large scale solar projects. As a turnkey solutions provider in the solar business, OCK is well equipped with engineering, procurement and construction capabilities to build as well as own solar farms.

One of OCK’s aspirations is to reduce the carbon footprint as it continues to expand its businesses. The solar renewable energy segment provides OCK with the platform to do so, as well as build a secondary recurring income base via our solar farms through greenfield and brownfield opportunities

5G OCK is proud to announce that the Group has developed a smart pole proven to be able to support the large scale rollout of the 5G network. To date, the Group has 2 demo telecommunication sites erected in Langkawi as part of Malaysia’s 5G trials and participated in the deployment of four 5G telecommunication sites in Sarawak. As a turnkey telecommunication network solutions provider, OCK is ready in terms of technical know-how and equipment solutions to support this next wave of technological expansion.

Despite the negative outlook of the global markets, OCK remains optimistic of the telecommunication industry as a whole. OCK is positive of the implementation of the national digital infrastructure plan known as Jalinan Digital Negara (Jendela) which is estimated to cost approximately RM21 billion in Malaysia which is already benefitting OCK directly and indirectly with a sizeble order pipeline.

With the advancement of 5G in the future, OCK is in a prime position to secure more projects. With the implementation of 5G, the demand for telecommunication sites will increase by 3-4 times as compared to the number of 4G sites. The functionality for 5G is vast which includes smart solutions to various industries such as smart city, smart agriculture, smart traffic solutions and many more. The Group has positioned itself to capture future opportunities arising from this advancement through the partnership with China United Network Communications Group Co Ltd as they have proven track record in implementing smart city platforms and applications in a few cities in China which can be tailored to the Malaysian market’s needs.

5G soon goreng

EMPLOYEES PROVIDENT FUND BOARD
26 Feb 2021
1,000,000
Acquired
Direct Interest

EMPLOYEES PROVIDENT FUND BOARD
24 Mar 2021
43,900
Acquired
Direct Interest

EMPLOYEES PROVIDENT FUND BOARD
23 Mar 2021
1,000,000
Acquired
Direct Interest

The telecommunications market is dominated by one large incumbent integrated operator - Myanmar Post Telecommunications - with mobile and fixed infrastructure competing with three other mobile operators, Ooredoo Myanmar, Telenor Myanmar and MyTel and emerging fibre broadband operators, YTP, MyanmarNet and 5BB Broadband

Tower leasing.. not the telecommunications operator..

Telecommunication Infrastructure

OCK holds a Network Facility Service (NFS) licence from the Ministry of Communication and Information Technology of Myanmar which allows OCK to operate Tower Leasing License. In Myanmar, OCK has ongoing engagements with all major Telecommunication Operators in Myanmar. We have signed a long term Master Leasing Agreement (MLA) for both build-to-suit and co-location sites. As at end of 2018, the OCK Group owns and operates more than 900 telecommunication tower sites throughout Myanmar.

0.40 support

apa hal orang ini...

afternoon will break 2.0, volume coming

2.30 soon

uptrend

0.40 , waiting 0.38

if u believe kpower management, just hold ur share and wait...

Now, former banker Mustakim wants to take KPower’s value to RM5 billion within five years. Getting there is not impossible, he says, as the group can secure another RM2 billion worth of renewable energy power plant construction contracts next year.

MOHD YUNUS BIN ABDUL KARIM 1,161,449 -1%

SUBSTANTIAL SHAREHOLDERS AS AT 14 OCTOBER 2020
Dato’ Dr. Ir. Ts. - Mohd Abdul Karim bin Abdullah* 37,648,278 33.29 - 33%
Mustakim bin Mat Nun 16,900,000**-15%

The Board of Directors of Techfast ("Board") wishes to announce that the Company had on 31 March 2021 entered into a share sale and purchase agreement ("SSPA") with Richard Mak Yik Fun (“Richard” or “Purchaser”) to dispose of its 100% equity interest in Oriem Technology Sdn. Bhd. [Registration No. 200201029750 (597413-T)] (“Oriem”) comprising 1,500,000 ordinary shares in Oriem (“the Sale Shares”) for a total cash consideration of RM900,000.00 (“Disposal Consideration”) (“Proposed Disposal”).

According to KPower’s group managing director Mustakim Mat Nun, the EPCC contract for the group’s LSS4 project in Pekan will be awarded to the group’s own KPower Engineering Sdn Bhd

KPower Bhd, one of the winners, is partnering with Perbadanan Kemajuan Negeri Pahang (PKNP), to build a 50mw solar plant on PKNP’s land in Pekan, Pahang. KPower and PKNP formed a 95:5 special-purpose vehicle to bid for the project, and the SPV will lease the land from PKNP.
According to KPower’s group managing director Mustakim Mat Nun, the EPCC contract for the group’s LSS4 project in Pekan will be awarded to the group’s own KPower Engineering Sdn Bhd.
“KPower Engineering will do the EPCC. Construction margin should be 10% to 12%,” Mustakim tells The Edge.
He agrees that solar panel prices have been on the rise. Nevertheless, he says, KPower had locked in the price when it made its submission to the EC.
KPower estimated that the project would cost RM160.25 million, with RM153.4 million being the EPCC cost and the rest, financing-related. Eighty per cent of the project cost will be funded via borrowings, and the rest will be from equity injections.
Besides the project cost, the SPV will have to pay PKNP a land lease of RM432,000 a year for the duration of the contract. Annual operation and maintenance (O&M) costs of around 1% of the project cost will also be borne by the SPV over the 21-year period.
It is not known whether the SPV will have to make the lease payments to PKNP or whether the sum will be deducted from the share of profits from the LSS project. The latter is quite unlikely, however, given that PKNP holds only 5% of the SPV.
Note that KPower has an internal rate of return (IRR) target of 7.5%.
Can KPower’s LSS make money?
A 50mw solar power plant will have a 66mw power output, according to industry players. Based on the assumption of four hours of peak radiation a day, the solar plant will be able to produce 96.4 million kWh of electricity a year.
At KPower’s tariff of 17.91 sen per kWh, that means the SPV would be earning RM17.3 million in revenue a year.
Given that 80% of the RM160.25 million project cost will be funded by borrowings, and assuming an interest rate of 3% a year for a period of 15 years, the SPV will have to pay RM10.6 million a year to service the loan.
After deducting O&M cost of RM1.6 million a year and land lease cost of RM432,000, the SPV would have a profit of RM4.67 million a year. While this shows that, at 17.91 sen per kWh, the SPV can still make a profit, it is lower than the RM5.2 million annual profit after tax projected by KPower.
Of course, this calculation is subject to variables such as the assumption of peak radiation a day, the cost of borrowings, the O&M expenditure and lease costs. The project cost is also another variable that determines whether the LSS can make a profit.

Despite securing the LSS4 projects, the share prices of most of these companies did not really move after the Energy Commission (EC) announced the shortlisted bidders on March 12.

For example, JAKS’ share price has been trending lower since March 12, losing 6.2% to 68 sen as at last Friday, while Ranhill’s share price lost 1.75% over the week to end at 84 sen. KPower fell 5.1% during the week to RM2.04, while Solarvest declined 10.6% over the week to RM2.53. Some LSS4 winners’ stocks rose last week Gopeng surged 92.5% to RM1.28 as at last Friday.
This shows that LSS4 has not given a boost to the winners’ share price performance, at least not yet.
Could investors be selling on news, or perhaps seen how low the tariffs are? Certainly, other factors may have affected the winners’ share price performance. Furthermore, the share prices of some of these companies have been rising over the past year.
However, analysts are still largely positive on the LSS4 winners. While concerns include the low tariff rates and the high project price of solar farms due to multiple factors (see main story), analysts believe the projects will only start to be constructed in 2022, giving the LSS4 owners some time to wait for project costs to decline.

KPower has stated that of the RM160 million project cost for its 50mw LSS4 project, RM153.4 million will be for EPCC and other development costs. Assuming that EPCC takes up 80% of the capital expenditure, the 50mw LSS4 will have an EPCC cost of RM122.7 million.
Solar plants’ EPCC contracts usually have a low-teens margin. Assuming a 12% margin, a RM122.7 million EPCC contract would yield RM14.73 million gross profit in a year. A 50mw solar plant usually takes just about one year to be completed.
For its financial year ended March 30, 2020, Solarvest reported a gross profit of RM39.3 million. Up to Dec 31, 2020 (9MFY2021), it registered a gross profit of RM25.8 million, slightly lower than the RM28.4 million in the corresponding period.
Apart from Solarvest, KPower is also involved in both spectrums of LSS4. However, so far, the group has only mentioned undertaking EPCC work for its own LSS4 project, and projected an EPCC margin of between 8% and 10%.
However, AmInvestment Bank analyst Jeremie Yap is only mildly positive on KPower because he believes the value enhancement from LSS4 to the group’s fair value is insignificant. “We maintain our ‘hold’ call, forecasts and fair value of RM2.31 based on 18 times FY23F earnings per share.
“This is at a discount to the average forward price-to-earnings ratio of 20 times of leading renewable energy players globally to reflect KPower being a relatively new player in this space and its relatively small market value,” he says in a March 15 report.

2.31 target price

Techfast Holdings Bhd has secured a contract worth RM540.0m to supply marine gas oil products to Huang Fan Sdn Bhd. Its wholly-owned subsidiary Fast Energy Sdn Bhd entered into a supply agreement today with Huang Fan for the contract to supply up to 6.0m litres of the products each month to the group for the consumption of its vessels. (The Edge)

oil bunkering 4m revenue profit 0.1 m,

Tmr rebound

SOP

grab

NST reported in Oct20 that Mr Ang joined Tecfast with "a set of plans" to build Tecfast into a manufacturing giant to rival VS, SKPRES & ATAIMS. Sure or not??

"I am coming in as an independent director as I see strong potential in Techfast to expand overseas. Techfast's potential is under-appreciated, in my view," Ang said when contacted by NST.

It seems like Tecfast might diversify into EMS sector but in Nov20, it announced its plan to diversify into petroleum trading and oil bunkering.

Quickly following the incorporation of a new wholly owned subsidiary Fast Energy Sdn Bhd in Nov20, Tecfast announced that it has entered into an LOI (Letter of Intent) with Zillion Oil Timor LDA to supply diesel gas oil to the latter for 3 years starting 1st Jan 2021.