Posted by cg14134 > 2021-02-25 12:05 | Report Abuse

Sorry I infringe your copyright! Minta maaf....

Posted by cg14134 > 2021-02-25 12:06 | Report Abuse

Thought I run some numbers for clearer illustration.

Posted by SarifahSelinder > 2021-02-25 12:27 | Report Abuse

Ok

Kan kata orang Imitation is the biggest flattery

Dan u faham selok belok nya same cannot b said for the others

Posted by ET8888 > 2021-02-25 14:43 | Report Abuse

cg14134. means it is good to enter now for rm2.29?

Posted by cg14134 > 2021-02-25 15:28 | Report Abuse

No unless current owner of reNikola is willing to give u a super big Ang Pow. I think many speculators wrongly compare PEB to Toyoink, which does not involve asset injection to be satisfied by share issuance.

Posted by cg14134 > 2021-02-25 15:30 | Report Abuse

One has to study terms of deal carefully when speculating on asset injection.

Posted by cg14134 > 2021-02-25 15:38 | Report Abuse

The RM2.29 valuation is based on the assumption that current owners of reNikola are willing to inject their solar assets at half of their values, possible but not probable in my humble opinion.

Posted by xetambaya > 2021-02-25 16:52 | Report Abuse

manage to snag some ticket, hope to reap some profit hehehe

Posted by winetime > 2021-02-25 17:03 | Report Abuse

I think the most attractive point is TNB, which can lead PEB to the next level play.

Posted by uemcapital > 2021-02-25 17:03 | Report Abuse

Drop so little, I want collect more. Common

Posted by xetambaya > 2021-02-25 17:05 | Report Abuse

moving to RM 4.00 soon, lets go PEB

Posted by xetambaya > 2021-02-25 17:08 | Report Abuse

definitely a sweet deal with TNB, try collect more tmr, got chance to get below RM 1.9

Posted by winetime > 2021-02-25 17:11 | Report Abuse

Malaysia is slightly delay for the green tech.

Alibaba and Amazon which had spend a lot to invest in green energy in the past and now.

Compare the green tech stock, The most solid I guess is only PEB and cypark.

Solarvest will follow up to spike due to the trend.

Posted by uemcapital > 2021-02-25 17:15 | Report Abuse

At least need to stand still at RM 1.90 only can fly high again. Next short term tp i think possibility drop at 2.2 and go up again.

Posted by xetambaya > 2021-02-25 17:17 | Report Abuse

slightly delay mean there's still alot of room for growth and potential, and PEB got the big potential right now

Posted by paulthesotong > 2021-02-25 17:23 | Report Abuse

The first two solar plants were bought on last December 2020..Why so fast inject to PEB?

Posted by BullCT > 2021-02-25 17:32 | Report Abuse

Sapu all below 1.9

Posted by COW666 > 2021-02-26 12:50 | Report Abuse

Apa macam? Tak sapu ke jualan murah?

Posted by bullstudent > 2021-02-26 14:20 | Report Abuse

Sapu

Posted by xetambaya > 2021-02-26 15:48 | Report Abuse

sapu la, wait what, cheap af

Posted by Kc1154 > 2021-02-26 16:04 | Report Abuse

Wa amacam? Ari tu limit up 2 Kali sampai no seller. Krg murah murah pulak

Posted by winetime > 2021-02-27 01:52 | Report Abuse

Market sentiment offer. Terbaik counter, Sapu sapu !!!

Posted by winetime > 2021-02-27 01:53 | Report Abuse

See Monday how, if drop again, top up again

Posted by Rinshad26 > 2021-02-27 03:14 | Report Abuse

topup if drop again next week.

Posted by GorengHealthcare > 2021-02-27 14:26 | Report Abuse

https://www.thestar.com.my/business/business-news/2021/02/27/a-pure-renewable-energy-firm-emerges

Posted by Goldberg > 2021-02-27 15:40 | Report Abuse

A Pure Renewable Energy Firm Emerges
----------------------------------------------
By RISEN JAYASEELAN
CORPORATE NEWS
Saturday, 27 Feb 2021


A corporate exercise quietly announced a week ago seems to have gotten the notice of some investors.

So why the excitement?

It is likely to do with the fact that PEB is morphing into a pure play renewable energy company, a move which sits well with the global push towards environmental goals. Another reason could be the presence of seasoned corporate personality Lim Beng Guan as the new major shareholder of PEB.

The reNIKOLA group of companies, no doubt borrowing the name from the scientist known for designing the alternating-current electric system, boasts of having a portfolio totalling 418 megawatt peak (MWp) capacity of solar assets, across four sites in Kedah, Pahang and Perlis. That would make it the largest listed solar operator on Bursa Malaysia.

He subsequently turned his attention to renewable energy and then founded RE Gebeng Sdn Bhd, a solar photovoltaic developer company in 2015 and was instrumental in the successful implementation of its 38MWp solar project in Pahang, which is now part of reNIKOLA.

It’s big plant, a 330MWp in Bukit Kayu Hitam in Kedah is the one which will boost the group’s total capacity to 418 MWp.

So at what stage is the 330MWp plant?

Adel explains that the Bukit Kayu Hitam (330MWp) solar plant will be under a corporate power purchase agreement (PPA), where it sells electricity directly to large corporates, using the power grids of Tenaga Nasional Bhd. This will be the first such arrangement in the country.

“These tripartite agreements are common in developed countries, ” says Adel.
Our mid-term target of 1GWp is achievable as we have all the necessary expertise to grow our business, be it organically or through acquisitions, ” he adds.

He says that reNIKOLA is better described as a renewable energy producer and not just a solar player.

While PEB’s plans are interesting, its prospects are a work in progress.

For starters, the valuation of reNIKOLA will determine how many new shares of PEB are issued and its ensuing dilutive impact, considering PEB’s current market capitalisation of just under RM130mil.

On a positive note, none of reNIKOLA shareholders are “cashing out”, says Adel.

He also points out that their solar plants are profitable, with EBITDA (earnings before interest, ta

Posted by Goldberg > 2021-02-28 21:39 | Report Abuse

So what is the valuation for PEB now?

PEB is currently trading at MYR 124.0 Million while outperforming the industrial leader CYPARK. As for as our forensic studies into the sector, CYPARK, due to its unique customer based had faced a cash flow problem since 2017. SLVEST and SAMAIDEN are EPCC player and not in the game. So, how would you value PEB? I believe a bare minimum of MYR 500.0 Million should be given to PEB, which is equivalent to 4 times of the current price of PEB!



If you think it is impossible, just look at the Number of Shares Outstanding (“NOSH”) of PEB. Currently PEB has 69.0 Million NOSH in market and approximately 40% has been taken up by the new substantial shareholder. That means there are only 60% left in the market.



With this 60%, some fund managers are aggressively buying upon the announcement. Hence why PEB could limit up for 2 consecutive days previously!



I believe it is not too late to invest in PEB now, given the valuation comparison as well as the future prospects of the RE sector. The company had already operating a larger MWp solar plant base than CYPARK.



Hopefully, I would see you again when PEB reaches MYR 5.00!

Posted by Goldberg > 2021-02-28 21:40 | Report Abuse

https://klse.i3investor.com/blogs/isolargem/2021-02-28-story-h1541944543-PEB_5622_The_True_Solar_Player_in_Town.jsp

Posted by Goldberg > 2021-02-28 21:44 | Report Abuse

Valuation Game

Based on the annual report for financial year end 2020 October, it was noted that CYPARK is currently operating its own 47.17 MWp of solar plants currently. The company is targeting to hit 217.0 MWp by 2021 under their EPCC segment. The current market capitalization of CYPARK is approximately MYR 722.0 Million.

Under SLVEST, the company has 4 key segments; namely the EPCC of solar energy solution, O&M of solar energy system, sale of electricity through solar energy and “others”. Technically, O&M and sale of electricity are similar, and we can see the inter-segment revenue crossed between them. Based on SLVEST’s annual report for financial year end 2020 March, the company had only owned a 1 MWp solar PV plant. Most of SLVEST’s revenue comes from EPCC segment and SLVEST’s market capitalization is currently approximately MYR 989.0 Million.

Lastly, SAMAIDEN had 3 segments. Namely EPCC services, RE and Environmental Consulting Services and O&M Services. Like SLVEST, a big chunk of revenue of SAMAIDEN comes from EPCC sector and minimal revenue and profit were contributed from O&M services. The company plans to invest in a 12 MW solar PV power plant but had not integrated into the company yet, and under their IPO plans, the management had also shared their interest in biogas/biomass plant. As of now, the market capitalization of SAMAIDEN stands at approximately MYR 361.0 Million.

Based on the studies we did above, the closest peer for PEB, or reNIKOLA in the future should be CYPARK alone. SLVEST and SAMAIDEN are not matured in operating their own solar PV farm, and they are specialized in EPCC, which means they are more focused in the contract basis business.

I would also like to share some knowledge about these solar PV plants. We had mentioned MWp, which stands for Megawatt-Peak of the solar PV plant output, which is under the ideal situation of maximum scenario. However, a more conservative measurement would be Megawatt of AC Power (“MWac”), which is measured upon the direct current generated from the solar panels and converted via inverters. As of now, reNIKOLA is operating an existing total capacity of 64 MWac. If we were to convert it into MWp, the industry norm would be around 1.2 times, which means PEB has a total capacity of 76.8 MWp of solar PV plant in operation!

It is also worth to note that reNIKOLA, under its subsidiary of RE Gebeng BKH Sdn. Bhd. is in the midst to design and construct a plant with capacity of approximately 250 MWac. In short, the total MWac of the company would be 314 MWac, or at least 376.8 MWp.

Posted by fscprops > 2021-02-28 22:17 | Report Abuse

Valuation game eh? Very informative and good analyst, see u guys at RM 5!

Posted by King18Wn > 2021-03-01 07:16 | Report Abuse

How much is the revenue of this reNIKOLA will generate per year and dividend yield return to SHAREHOLDERS? the mandatory offer is RM1. 07....why is this share up so high more than the par of RM1.11 and its mandatory offer price ya?

Posted by bullstudent > 2021-03-01 09:51 | Report Abuse

Solar asset injection.. green energy rocket up gogo

Posted by Goldberg > 2021-03-01 09:51 | Report Abuse

With this 60%, some fund managers are aggressively buying upon the announcement. Hence why PEB could limit up for 2 consecutive days previously!

I believe it is not too late to invest in PEB now, given the valuation comparison as well as the future prospects of the RE sector. The company had already operating a larger MWp solar plant base than CYPARK.

Hopefully, I would see you again when PEB reaches MYR 5.00!

Posted by troy88 > 2021-03-01 09:58 | Report Abuse

Nice bounce back today. Very good potential for the future..

Posted by investorbat > 2021-03-01 11:00 | Report Abuse

high volume today,break 2.19 and lu?

Posted by kentrade888 > 2021-03-01 12:05 | Report Abuse

https://www.theedgemarkets.com/article/johor-set-become-leading-solar-power-producer-southeast-asia

Johor set to become leading solar power producer in Southeast Asia
Bernama
/
Bernama

February 28, 2021 20:39 pm +08

Sultan Ibrahim Ibni Almarhum Sultan Iskandar
Sultan Ibrahim Ibni Almarhum Sultan Iskandar

-A+A
JOHOR BAHRU (Feb 28): Johor is set to become a major producer of eco-friendly energy in Southeast Asia with the opening of a solar power park in Pengerang, Kota Tinggi worth RM1.4 billion.

Sultan Ibrahim Solar Park will be the biggest of its kind in the region with a capacity of 450 megawatts, according to Sultan Of Johor, Sultan Ibrahim Ibni Almarhum Sultan Iskandar, here today.

He said the solar park, which is the first large-scale private investment project secured by the state for 2021, came from his efforts to encourage investment and economic development for the people and Johor.According to Sultan Ibrahim, the project is also in line with the Johor Sustainable Development Plan 2030, which prioritises environmental sustainability in the development of the economy and prosperity of the people.

He added that the project will not only have an impact on the state's economy; there will be job opportunities for various levels too, as it will become the largest solar power storage system in the region when fully operational by 2023.

The project will not only boost economic growth but also place Johor as a leading renewable energy producer internationally, he told the Royal Press Office via his official Facebook page.

"We are thankful that Johor is among the states that are blessed with high solar irradiance. It's about time we explore this resource to improve power generation capacity and contribute to the production of renewable energy," he said.

Sultan Ibrahim is expected to grace the ground-breaking for the solar park on March 23, at the project site in Pengerang.

Posted by kentrade888 > 2021-03-01 12:16 | Report Abuse

The price of limit up today is RM2.34.

Posted by bullstudent > 2021-03-01 15:17 | Report Abuse

RM 4 short term

Posted by uemcapital > 2021-03-01 15:27 | Report Abuse

Huat huat solar counter. Time will reward to the investor !

For FA player, try study a bit, You guys will know how undervalued is this stock.

Posted by troy88 > 2021-03-01 15:29 | Report Abuse

PEB has potential to be Kpower in the making. Short term, long term all gain. Long term will gain much more..

Posted by kentrade888 > 2021-03-01 15:31 | Report Abuse

It will limit up before the market closes.

Posted by mecomeherejoke > 2021-03-01 15:44 | Report Abuse

@kentrade888 I hope it doesn't, better up slowly everyday hahax

Posted by fscprops > 2021-03-01 15:53 | Report Abuse

climb back to RM2 today. moving forward to TP RM 4, lets go PEB

Posted by xetambaya > 2021-03-01 15:58 | Report Abuse

Tmr limit up? Guess I better collect more first

Posted by jazmaster > 2021-03-01 16:14 | Report Abuse

The trend line is nice, now is like staircase going up.....
Can buy and average up again.

Posted by Dakewlest > 2021-03-01 16:43 | Report Abuse

Just bought at above RM2.00. Near term TP is RM3?

Posted by fscprops > 2021-03-01 16:52 | Report Abuse

Yes, short term RM3, long term RM 4

Posted by CoolTy > 2021-03-01 22:12 |

Post removed.Why?

Posted by Just88 > 2021-03-01 22:13 | Report Abuse

Hi, I m a member of DK private chat group.

He advised me to be careful of the followings;

1. Under PN16, the company to be injected must be profitable to be accepted for approval by the securities commission (SC). If failed to get SC approval, the company may be delisted and the trust money per share is currently around RM1.01 only.
2. reNIKOLA was formed in April 2020, a brand new company without profit records.
3. The valuation of the assets to be injected. If fully valued, the market price will drop rapidly as the new shares are issued at RM1.07 only.
4. Other than Lim Beng Guan and his company pitahaya, other PACs own around 24% which are, except one with over 5%, free to sell without notice after the completion of MGO.
5. Unlike other solar companies which are mainly involved in solar EPC jobs, reNIKOLA is primarily a solar IPP with IRR of less than 10%. Upon full valuation, this company is basically just a dividend play.
6. reNIKOLA has 250MWac which is still undeveloped. 250MWac will require around RM1 billion investment capital. Large fund raising exercises maybe called in the future.

The PACs has only paid RM2.7m in excess of the trust money to Rosali & others to take control of PEB. Even if it fails to get SC approval, it can still recover the bulk of their payments (95%) through the trust account. Perhaps they have already locked in huge trading profit recently ?

Just sharing a word of caution not meant to create fear. Good luck.

Posted by michaelwong > 2021-03-02 01:14 | Report Abuse

Thnks for the sharing Just88. Sent ur regards and best wishes to DK to keep them well informed and awared