Force selling will finish very soon.. Ready for rocket >RM1.00. Better buy now.. Will rocket today before close. If not today.. early tomorrow morning.. Serba already rocket today.. Now KPower's turn to rocket..
Calling for ASSonLiew KEENTRADER and sayangawak. These lalat are missing from this forum since last week. If anyone had seen them, kindly return them into the shithole nearest to you as soon as possible.
@bilisutara you could be right.. on 1hr chart i see a bull pennant forming, and if tomorrow it goes up to rm1 and finds support..it will complete a W pattern and confirm break out. your targets are great!
Hot money and banker chips as per tf15mins closi g time increase by alot. A good support 0.915 if u think u want to enter. TP when satisfied. Based on the chart it could go to 1.04 by today
To think about it where can u get 0.8-0.9x for a good counter? This happened due to Serba’s sentiment. Eventually this counter will be back at least at 1.8 onwards. If u have a good holding power then u should buy but u are a trader then better avoid. Because we dont want you too. Hehehe
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.
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....
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Posted by trending > 2021-07-05 15:41 | Report Abuse
how? can go back to 1.60 level or not?