Don’t be a F00L like fl888, got killed but still don’t know what’s going on. That bunch of sharks always using the same trap, the current price will be the “TP”you dream of for y’all if you’re still holding this
We maintain our BUY call, forecasts and fair value of RM2.47/share based on 18x revised FY23F EPS. We value KPower at a discount to the average forward 20x PE of leading renewable energy players globally to reflect: (1) KPower being a relatively new player in this space; and (2) its relatively small market value. No ESG-related adjustments to our fair value based on a 3-star rating as appraised by us (Exhibit 2). KPower has proposed a private placement of new shares of approximately 10.8% of its outstanding shares or 48.8mil shares at an indicative issue price of RM2.05/share. The RM100mil proceeds from this exercise are mainly earmarked for working capital (i.e. 50MW LSS4 power plant, mini hydropower plants and other upcoming projects). Based on our estimates, the gross proceeds of RM100.0mil will increase KPower’s net cash position to RM163.5mil (or 25 sen/share) from RM63.5mil (or 10.5 sen/share) as at 31 March 2021. Meanwhile, based on our calculation, the new shares will dilute its FY23F core EPS by 6% as a 10.8% expansion in the share base more than offset a 2% earnings enhancement arising from interest income (based on an interest rate assumption of 2%). Assuming the deal is to be completed, our fair value shall fall to RM2.33 based on the same valuation basis. We are neutral on this development. YTD for FY21F (June), KPower has secured jobs worth a total of RM1.2bil, which is still within our annual job wins assumption of RM1.4bil for FY21-23F (vs. KPower’s guidance of RM2.0bil for FY21F). The group’s outstanding construction order book stands at about RM2.0bil. We continue to like KPower for: (1) the bright prospects of renewable energy, underpinned by the global trends towards clean and sustainable energy and carbon neutrality to combat climate change; and (2) its strong earnings visibility and growth potential underpinned by its RM2.0bil order backlog on green utility projects, coupled with a massive tender book of RM3.4bil. At about 12x fully-diluted FY23F earnings, we believe that this homegrown renewable energy player has a compelling investment case given its involvement in the green sector where the growth trajectory is just beginning.
its a con counter...some thinking they may run when it comes down. U wont have chance to run at all when they dump it down. Took almost 6months to slowly up to 0.08 and then less than 5 minutes , it came down from 0.08 to 0.06. Yes..in 5 mins; so think again if you think you're smarter than them or can run faster than them. You wont know what will hit you. Stay away! The fact that the ex ag appointed as chairman lets u know how fishy is this con counter. Yes, you may make a 1-2 cents trade and run. But, there are so many more counters out there. Why take such a risk?
Seem many don't want to be associated with crooks or to earn 'dirty' money ? Afraid of karma retribution.... like now profiting 1 sen, later to lose 2 or 3 sen, double or triple from the peofit od 1 sen.... hihihi...!
Investors...Dont get conned by this counter like me...I have been losing a lot but i keep positive hope...But since November last year i was conned on conned by this manipulative counter....This customer will make u happy by going up bit by bit letting u think its positive momentum but once they think its time, it will suddenly pull it down...It has been happening over the 7-8 months and the latest trending is a proof that they are playing the same trick all over again...so please guys...DONT BE FOOLED AND COME TO THIS COUNTER....I BECAME A VICTIM AND I HOPE MANY MORE DONT FOLLOW MY FOOTSTEPS...
Many should have lost trust on relevent authorities to take action even there is proven fraud has taken place cos 'they' can give all sort of excuses to get out from responsibility... Obvious recent example, musang king fiasco...!
Additional Listing Announcement /Subdivision of Shares METRONIC GLOBAL BERHAD
Listing Date 23 Jun 2021
1. Details of Corporate Proposal Involve issuance of new type/class of securities ? No Types of corporate proposal Private Placement Details of corporate proposal Private Placement of up to thirty per cent (30%) of the total number of issued shares of Metronic Global Berhad No. of shares issued under this corporate proposal 334,760,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0463 Par Value($$) (if applicable) Latest issued share capital after the above corporate proposal in the following Units 2,002,855,079 Issued Share Capital ($$) Malaysian Ringgit (MYR) 183,025,168.200 ===========================================================
No. of shares issued under this corporate proposal 334,760,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0463
Current price = 0.065 Profit that can be made = (0.065 - 0.0463) X 334,760,000 = RM6,260,012
=================================================== Fast easy money for selected PP investors 23/06/2021 11:43 AM
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
fms016
314 posts
Posted by fms016 > 2021-07-06 11:32 | Report Abuse
Probably private placement share being sold..but why 0.06 b'coz release price 0.065?