Vitrox PE ratio of 41.4x @ Rm 8.03, compared to its peers average of 38.1x: -

1.JF Technology Bhd - 53.9x
2. Greatech Technology Bhd - 46.5x
3. Genetech Technology Bhd - 31.0x
4. M. Technovation Bhd - 22.4x

Vitrox Ends FY2022 on Stronger Note But Expects Downturn in 1H 2023

edgeinvest
Publish date: Fri, 24 Feb 2023, 08:37 AM

Vitrox ends FY2022 on stronger note but expects downturn in 1H 2023
KUALA LUMPUR (Feb 22): Vitrox Bhd says it is bracing for a temporary downturn in the first half of this year, right after closing its financial year ended Dec 31, 2022 (FY2022) with a 5.38% rise in net profit in the final quarter to RM48.6 million from RM46.12 million a year ago on a more favourable product mix.

The temporary downturn is expected to come amid softer global economic growth and uncertainties in general business outlook in the first half of the year, it said in a bourse filing.

“Thus, the group will put more emphasis on long-term growth strategies while preparing for a temporary downturn. The 10-year expansion master plan (2021 to 2030) in Batu Kawan is expected to further strengthen the group’s manufacturing and R&D [research and development] facilities," Vitrox said.

Nevertheless, the board is optimistic on its business prospects for the second half of the year 2023, saying its well-diversified revenue base and exposure to high-growth industries remain bright spots for the group.

Vitrox’s earnings per share for the final quarter of FY2022 expanded to 5.14 sen from 4.88 sen.

Quarterly revenue grew marginally by 2.28% to RM190 million, from RM185.76 million. The increase in revenue was predominantly contributed by robust demand from automated board inspection, partly offset by temporary weak demand from machine vision systems.

For the full FY2022, Vitrox’s net profit increased 18.36% to RM200.82 million from RM169.66 million for FY2021, while revenue grew 10.31% to RM750.25 million from RM680.12 million.

Shares of ViTrox settled six sen or 0.78% higher at RM7.74 on Thursday, giving the company a market capitalisation of RM7.32 billion.

Source: TheEdge - 24 Feb 2023

Start of the downtrend towards the industry PE of 14 to 16x. Presently high at 20x @81c

PSD'S FINANCIAL DESK ( MBA, CFA.).- 18 APRIL 2023

At 83.5 c.... price had run ahead of fundamentals (PE 20x); frontloading the WTE earnings at a pre-mature stage. The actual effect could only be seen come FYE 31 March 2024. My clients are holding in the price range, 50 to 60cs.

PSD'S FINANCIAL DESK ( MBA, CFA.).- 17 APRIL 2023

PE at 94c is already 61x.....trade with caution

14 April 2023

Public Invest Research
Cypark Resources Berhad - Commissioning WTE Plant
PublicInvest
Publish date: Mon, 03 Apr 2023, 10:36 AM

DOWNGRADE TARGET PRICE TO 63c

Cypark Resources (Cypark) reported lower revenue of RM32.9m in 5QFY23 (***31st March 2023) , down 32% QoQ in the absence of revenue from the construction and engineering segment as most of its projects have been phased out from the construction phase. Despite the lower revenue, its core PATAMI grew from RM1.7m to RM3.0m (+78.4%) on a QoQ basis.

Due to changes in fiscal year to April 2023 from October 2022, no comparison has been made on a YoY basis. In comparison with estimates, the core PATAMI only met 3.8% of ours. On project updates, Cypark’s waste-to-energy (WTE) plant achieved commercial operation in December 2022 and has started to recognise sale of energy. Contributions remain minimal however and has been unable to offset the absence of revenue from construction and engineering segment in 5QFY23.

***Due to weaker than expected result and dilution from the recent private placement, we cut our earnings forecast and downgrade our call to Neutral (from Outperform) with lowered SOP-based ***target price of RM0.63 (from 0.85).

Update on WTE Plant. Cypark’s WTE plant at Ladang Tanah Marah (LTM) has achieved commercial operation on 14 Dec 2022. The plant has started to recognize sale of energy on top of tipping fees and recycling revenue in 5QFY23, though is still minimal for the period. We will expect to see full quarter contribution in 6QFY23. The plant, with installed capacity of 19.73MW, will contribute earnings for the next 16 years.

Participating in two WTE tenders. The success of LTM will enhance its track record and could strengthen its position in two WTE tenders in Johor and Malacca as part of five tenders in a nation-wide WTE implementation plan. It expects the future WTE plant capacity to be between 15MW and 25MW with expected capital expenditure above RM500m for each plant.

End of fund raising activities. The COVID-19 pandemic has caused significant delays in its key projects, namely the LTM WTE Plant and Danau Tok Uban Large Scale Solar 2 (DTU LSS2).
As such, Cypark has raised funding amounting to c.RM650m since FYE2020 via term loans, perpetual Sukuk and private placement to provide lifelines for its working capital pending completion of these projects. With the commencement of the WTE Plant, we foresee no further injections needed. We also expect that the remaining RM30m from the private placement earmarked for the DTU LSS2 is sufficient until it achieves commercial operation in May 2023.

Source: Public Invest Research - 3 Apr 2023


Note: The full 15mth FYE 30th April 2023 to be announced on 30th June 2023, will not look attractive. Trade with care and accumulate around 60ct onwards.

PSD'S FINANCIAL DESK ( MBA, CFA.).- 13 APRIL 2023

In January 2023, CYPARK changed its financial year end from Oct 31, 2022, to April 30, 2023, resulting in its current set of financial statements to comprise a period of 18 months from Nov 1, 2021, to April 30, 2023.This was in view of the imminent losses and subsequent sell-down of the counter if the 12-month period ending 30th Oct 2022 was to be observed.

CAUTION: WATCH OUT FOR THEIR NEW FINANCIAL PERIOD ENDING 30 APRIL 2023. MORE LOSSES AND ALSO SELL DOWN TO FOLLOW. THE 2 NEW SUBSTANTIAL SHAREHOLDERS DEFINATELY KNEW OF THIS AND MIGHT HAVE GOT THEIR HOLDINGS AT MUCH LOWER OFF-MARKET PRICE. SAD FOR THE RETAIL PUBLIC AND THEIR INVESTMENTS... STILL CHASING!

PSD'S FINANCIAL DESK ( MBA, CFA.). AVAILABLE FOR CONSULTANCY - 13 APRIL 2023

PE 14x

Cypark’s share price plunges over 15% in active trade....The Edge .....March 02, 2023 12:23 pm +08

Caution in your trading. Just a pure operator play. Nothing much. Refer their reply to UMA.

RUN FOR COVERRRRR
Cypark’s share price plunges over 15% in active trade....The Edge .....March 02, 2023 12:23 pm +08

In January, Cypark changed its financial year end from Oct 31, 2022, to April 30, 2023 ― resulting in its current set of financial statements to comprise a period of 18 months from Nov 1, 2021, to April 30, 2023.

The group’s financial report for the three-month period ended Jan 31, 2023, is expected to be announced sometime this month, pursuant to the bourse’s listing rules.

According to paragraph 9.22(1) of Bursa Malaysia’s Main Market Listing Requirements, a listed issuer must announce its quarterly report no later than two months after the end of the period.

"Looking back at its immediate preceding three-month period ended Oct 31, 2022, Cypark’s net profit fell 79.1% year-on-year to RM5.38 million from RM25.72 million, as revenue was slashed by 44.35% to RM48.39 million from RM86.95 million, on lower contributions from its renewable energy division, and its waste management and waste-to-energy (WTE) division."........The Edge .....March 02, 2023 12:23 pm +08

CAUTION: EXPECT THE WORST FOR THE 3 MONTHS ENDING JANUARY '23 ( Nov'22 to Jan'23). ALSO WATCH OUT FOR THEIR NEW FINANCIAL PERIOD ENDING 30 APRIL 2023. MORE LOSSES AND ALSO SELL DOWN TO FOLLOW. THAT IS WHY THEY CHANGE THE FINANCIAL PERIOD TO 18MONTHS FROM 1st NOV'21 to 30th APRIL 2023. THE 2 NEW SUBSTANTIAL SHAREHOLDERS DEFINATELY KNEW OF THIS AND MIGHT HAVE GOT THEIR INVESTMENTS AT A MUCH LOWER VALUE. SAD FOR THE RETAIL PUBLIC AND THEIR INVESTMENTS.

PSD'S FINANCIAL DESK ( MBA, CFA.). AVAILABLE FOR CONSULTANCY

Bought at 0.68c , holding

Need to correct more to a reasonable level ........60 to 80cts.
Rm 1.00 is still pricy. Price running ahead of fundamentals. Target price by banks also appear too rosy for this stock.

Went up too fast......need to cover the gap up. Need to be patient to reap the rewards from this stock.

the danger of investing in pennies..1.5c

This stock had been steadily moving from 46c to 1.06; and now back to 80ct. It has literally frontloaded most of its 2023 earnings at these prices. Smarties hv pushed off the stock and left with a nice gain in hand. Currently its worth only 66 to 70c only, even after the 3rd q announcement 17 Nov

***With rising interest rates spurring an abrupt end to the leadership of Big Tech, the largest technology companies are wielding less and less power over broader indexes, as former high-fliers like Meta Platforms Inc. and Amazon.com Inc. crash anew in the latest wave of selling. Reversing the extremes of the cheap-money years, the capitalization-weighted S&P 500 hit the lowest versus an equal-weighted version of the benchmark since 2019.

My 2 cents

Above translation of Curry Bento post in Chinese to english

The company's product delivery in FYE 2022F will be relatively strong, but it may be more "normalized" in FYE 2023F, that is, the turnover in a single quarter in Q1 and Q2 may return to around RM 40.0 Million to RM 50.0 Million.

In addition to the company's flagship EMS production line and equipment, the company will also set up its own Smart Factory in the future (refer to our previous #WD Lights Out concept) products; the company also announced the acquisition of new land last week, and it is expected that Partial production will begin in 2023 1H, and the net profit margin of these products is also expected to be above 12.0% to 14.0%.

Judging from the situation in Southeast Asia, in addition to being an important development area for EMS, LIDA used in autonomous vehicles is also expected to be produced in this region, so CNERGEN is also expected to benefit from it. However, the company's revenue still needs to look at the CAPEX cycle in the market. At present, the cycle has not experienced a slowdown (2023 is expected to slow down), so the company should be relatively strong in the next two quarters,

After the announcement of CNERGEN's FY 2022 Q2 results, the company's stock price was close to the daily limit; in addition to the company's good performance, they also gave relatively positive growth expectations, so they are interested in the company. Investors, you can refer to what we shared today before making a decision.

Until 30.06.2022, the company has won a total of RM 186.1 Million of orders; of which about RM 113.5 Million has been included in the turnover in FY 2022 6M, and the company currently has RM 72.6 Million of orders that have not been included in the business Among them, RM 61.2 Million will be settled in FY 2022 2HF, which means that the company's minimum turnover in FYE 2022F will have a minimum turnover of RM 174.7 Million.

70cts buy

15 October 2022
Dow (403.89) , Nasdaq 100 (341.52)

The Dow closed lower, driven by a wreck in tech following a jump in Treasury yields after data pointing to growing expectations for higher for longer inflation stoked investor jitters further about Federal Reserve rate hikes.

13 Oct 2022
At 86c now, the PE based on forecasted FYE 2023 earnings is still above the industrial peer average of 17x
need to come down to 70cs

14 Oct 2022
Sell down now, either expiry of contra period or margin calls.......always be guided by fundamentals. Herd mentality; chasing operators' manipulative moves will lead to disaster. No one stock leaps 100% over a short duration. LET THE BUYER BEWARE

13 Oct 2022
At 86c now, the PE based on forecasted FYE 2023 earnings is still above industrial peer average of 17x
need to come down to 70cs

When Mercury Securities Sdn Bhd initiated coverage of Cnergenz Bhd, with a “buy” recommendation at 47 sen; the target price of 66 sen was based on earnings per share (eps) of 3.8 sen forecasted for the financial year ending Dec 31, 2023 (FY23) and peers' average price-earnings of 17.3 times.

Since then the price has been artificially pushed up beyond by operators to Rm 1.06c. Ridiculously high.

At 90c now, the PE based on FYE 2023 eps is high at 24x. Please exercise caution.

PE 20x...................price running way ahead....frontloading Sept earnings - 3rd quarter financials available on 17 Nov

Pullback to mid 70c region

Need to cool.....invest wisely

PE 20x...................price running way ahead....frontloading Sept earnings ( available 17 Nov)
Need to cool

the danger of investing in pennies

PE 20x...................price running way ahead....frontloading Sept earnings ( available 17 Nov)
Need to cool

80c i go in for 100k shares

all the way.CNERGEN........classic stock to hold till RM 1.50
Good luck to investors who had faith to hold on after the IPO @58c and also buyers who had the faith to invest in the counter below the IPO price. Cheers

time to runnnnnn

Too high a PE. Price needs to come down further to tp Rm 1.30++ level
**No CRISS platform now

"No CCRIS access for credit reporting agencies – for now".........TP 1.30c...

LIMITS DOWN DEC 2nd TRADING

TIME TO REBALANCE MY PORTFOLIO


*SELL.....Very bad sentiments.
The Star: Malaysia to charge Top Glove over worker accommodations, government says
New Straits Times: Top Glove among companies to face charges for flouting Act 466
Malay Mail: Govt opens 19 investigation papers on Top Glove worker lodgings in five states
The Sun Daily: Top Glove to be charged over poor worker accommodation
Berita Harian: Top Glove antara bakal didakwa langgar akta perumahan pekerja
Utusan Malaysia: Top Glove didakwa langgar akta perumahan pekerja
Sinar harian: Top Glove bakal dituduh langgar Akta 446


Posted by Keyman188
2641 posts
> Dec 1, 2020 11:41 PM | Report Abuse

Expect a big fall tomorrow as more casee are coming up
Currently 5,000.odd workers infected.

778 cases Dec 1 from Top Glove, Meru. Selangor 891 cases.
Half of nation's 1,472 lcases reported today.

Linits down Dec 2nd tradiing

Enter after the matter is fully resolved locally and the overseas market. Till then keep away as more cases are coming after the test these coming week

8000 more workers next week to test.....imagine

Get out while u can

Slow Burn......

WATCH THIS COUNTER
MONTH OF DECEMBER....

TG WILL PLUNGE AGAIN 25 NOV 2020 DRAGGING BURSA DOWN. SITUATION NOT UNDER CONTROL. ITS A GRAVE SITUATION HERE

Stay out of glove counters for the time being as more vaccine news are around the corner.

TG Will Bring BURSA INDEX DOWN THROUGH THE SELLDOWN TODAY. HOPE TG CAN COME BACK IN FUTURE. GOOD LUCK

Limits Down...Nov 24

Their export market is decimated.

break 13.30......bullish engulfing

Cash Flow problems.....Bankers not happy with the legal tussles this company has with clients

TP RM4.00...
Wait patiently for the good news.
Tralling 12 mts PE June 30 is 45x..No worries as the Q2'16 (Dec 31 2015) earnings
will stabilise this. Excellent investment stock

T P RM 4.00.....Cheers

based on pre- split price it is at Rm 4.16...... Rather remain invested in Evergreen

Waiting for 30c.....can play back the rounds again...

Is SaaS time..... TP 1.92 CIMB... Nigel Fool
http://klse.i3investor.com/servlets/ptres/29560.jsp......................USD RM 4.25!

The high 12 month trailing eps of 13.3c as at 30 June 2015......put evergreen on a better pricing track....PE is 14x as at trending price.....the range for MDFB stocks. Go for it