Posted by leno > 2021-09-29 10:48 | Report Abuse

careful lor,
last week insider borrow from ah long to jack up price
so that they can set higher PP price.
Now, PP price has been set at 68 sen,
insider would start to dump the share
to pay back ah long money
share price will drop below 68 sen
at below 68 sen
nobody will subcribe the PP
no money raise
meaning
kaput.

Posted by kfbusjd > 2021-09-29 11:22 | Report Abuse

if theres a big finding by EY, independent directors will directly report to bursa and sc. No announcement till now means no big findings till now. And next report by EY will problaby be the final report since now is tne end of september ady.

Posted by kfbusjd > 2021-09-29 11:25 | Report Abuse

The biggest challenge to the company should be the ability of company to post its annual report before end of october. EY special review is only part of company annual report.

Posted by hantamking > 2021-09-29 11:39 | Report Abuse

hey <<calvintan>> , so my loss can i claim from u?

Posted by hantamking > 2021-09-29 11:42 | Report Abuse

please answer me !

Posted by AnsonLiew > 2021-09-29 11:50 | Report Abuse

holy moly

today new low again!!!!!!

run

Posted by roger3210 > 2021-09-29 11:53 |

Post removed.Why?

Posted by ooi8888 > 2021-09-29 11:53 |

Post removed.Why?

Posted by hantamking > 2021-09-29 11:58 | Report Abuse

calvin why

Posted by leno > 2021-09-29 12:19 | Report Abuse

if no big finding, report would be out already.
new indepent director already give hint
there are BIG findings.

they are delaying the announcement
to buy time to solve the big finding.
But it is too BIG to be solved.

Posted by AnsonLiew > 2021-09-29 12:23 | Report Abuse

big crown calvin

my friend follow ur buy call buy at rm1 now loss 20k

so how??????can u pay his losses?????

Posted by PSAi3alert > 2021-09-29 12:45 | Report Abuse

The private placement is probably to fund construction of projects awarded by related parties.

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=114177&name=EA_GA_ATTACHMENTS

If you look at the salient terms in the announced projects, each of the projects has the following terms:

--- TERMS ---
[The payments of the Contract Price 1 shall be made to KPEng in accordance with the payment schedule and on such terms and conditions to be set out under the relevant definitive agreement, including an advance payment of an amount equal to ten percent (10%) of the Contract Price 1 or RM10,000,000, whichever is lower.

KPEng shall provide an on-demand bank guarantee from a bank in an amount equal to five percent (5%) of the Contract Price 1 and shall remain in full force until KPEng has provide an on-demand bank guarantee from a bank in an amount equal to ten per cent (10%) of the Contract Price 1, being the warranty bond.

CHSB reserves the right to assign or novate the rights and/or benefits under Project 1, subject to a written notification to KPEng.

He is a Director of the Project Companies and has the intention to acquire the Project Companies via One Hydro Power Sdn Bhd (“One Hydro Power”), in which he is also an indirect shareholder and accordingly, he is deemed interested in the Contracts. One Hydro Power, a wholly-owned subsidiary of OHP Ventures Sdn Bhd (“OHPV”) has entered into share sale agreements with Dato’ Ahmad Sufian bin Abdul Majid, the vendor representing the registered owners of the Project Companies.

Amirul Afif Bin Abd Aziz is the Group Chief Financial Officer (“CFO”) of KPower. He currently holds 1.21% direct interest in KPower. He is a Director of the Project Companies and has the intention to acquire the Project Companies via One Hydro Power, in which he is also an indirect shareholder, and accordingly, he is deemed interested in the Contracts.]

--- TERMS ---

---> Even before commencement of those projects, there is already a mismatch between deposits received and performance bond requirements.

a) Cabaran Hijau Sdn. Bhd. (“CHSB”)
Project: 18.7 MW mini hydro power plant
Location: Sg. Jelai Kecil, Mukim Jelai, Daerah Lipis, Pahang Darul Makmur
Contract Price: RM199,159,192.83 (“Project 1”) (“LOA 1”);

>>> CHSB's deposit to KPEng = RM10.000M
>>> KPEng Bond to CHSN = RM19.9159M

b) Selat Serasi Sdn. Bhd. (“SSSB”)
Project: 13.9 MW mini hydro power plant
Location: Sg. Telom, Mukim Hulu Telom, Cameron Highland, Pahang Darul Makmur
Contract Price: RM148,038,116.59 (“Project 2”) (“LOA 2”);

>>> SSSB's deposit to KPEng = RM10.000M
>>> KPEng Bond to SSSB = RM14.8038M

c) Denai Delima Sdn. Bhd. (“DDSB”)
Project: 12 MW mini hydro power plant
Location: Location: Sg. Lemoi, Mukim Hulu Telom, Cameron Highland, Pahang Darul Makmur
Contract Price: Contract Price: RM127,802,690.58 (“Project 3”) (“LOA 3”)

>>> DDSB's deposit to KPEng = RM10.000M
>>> KPEng Bond to DDSB = RM12.7803M

d) Koridor Mentari Sdn. Bhd. (“KMSB”)
Project: 5.25 MW mini hydropower plant
Location: Sg. Kampar, Kampar, Perak Darul Ridzuan
Contract Price: RM35,000,000 (“Project 4”) (“LOA 4”)

>>> KMSB's deposit to KPEng = RM3.5M
>>> KPEng Bond to KMSB = RM3.5M


---> Those four projects, to be built by KPower, will cost OHP Ventures Sdn Bhd RM510M and, when completed, will have a total power generation capacity of 49.25MW

---> At 28.98 sen per kilowatt-hour, the potential revenue for OHP will only be able to cover interest payments and maintenance. And as such, funding will be a question mark

---> If OHP Ventures is unable to obtain fundings, KPower will indirectly be funding those projects

---> KPower's Receivables went from RM46.056M in June 2020 to RM149.791M in June 2021

---> KPower's Borrowings went from RM0.565M in June 2020 to RM52.384M in June 2021

---> The clause, for CHSB, SSSB, DDSB and KMSB to be allowed to assign or novate the rights and/or benefits, ought not be allowed to mitigate risks

Posted by abang_misai > 2021-09-29 12:58 | Report Abuse

Maybe top Management now do brainstorming how to word the announcement.

Posted by leno > Sep 29, 2021 12:19 PM | Report Abuse

if no big finding, report would be out already.
new indepent director already give hint
there are BIG findings

Posted by ooi8888 > 2021-09-29 13:15 |

Post removed.Why?

Posted by hantamking > 2021-09-29 13:19 | Report Abuse

xionng ahhh

Posted by ooi8888 > 2021-09-29 13:22 |

Post removed.Why?

Posted by Edwin0908 > 2021-09-29 13:56 | Report Abuse

I guess when people say you are not worth it, better go jump building and u definitely will jump

Posted by roger3210 > 2021-09-29 14:13 |

Post removed.Why?

Posted by Bgt 9963 > 2021-09-29 14:14 | Report Abuse

Sai lang.....!

Posted by m_aloha > 2021-09-29 15:14 | Report Abuse

i'm in as well with downside limited..risk over reward worth it. company moat with enough cash with high strong order.

Posted by Stevenkim > 2021-09-29 15:20 | Report Abuse

PP 0.68 now even can buy in open market what a joke

Posted by leno > 2021-09-29 15:34 | Report Abuse

Full year claim make 38 million profit
yet still need to raise RM 100 million
Just look at the Total Liabilities !!
So HIGH !!

Posted by piranha88 > 2021-09-29 15:55 | Report Abuse

@calvintaneng > Sep 29, 2021 12:11 AM
Very ok guys pp can raise funds faster
See after opcom gave pp at low prices now it shot up more than 100%
kpower will go above Rm1.00 like Opcom
#

Calvin, why not compare to SCIB? After all, SCIB and SERBADK and KPOWER always go together much as Kpower wants to distance itself from Karim.

After PP SCIB's price went even lower.

So don't take a chance that this counter will goreng up. Those who thought SCIB's price will goreng up due to its PP sure lost money.

Posted by damddyy42 > 2021-09-29 15:59 | Report Abuse

Power less

Posted by ivanlau > 2021-09-29 17:10 | Report Abuse

Piranha88, I am suspecting half boiled egg calvintaneng already stuck in high price, that is why he keep buy call this stock in order to attract water fish push up the share price to save him....... hahahaha

Posted by dompeilee > 2021-09-29 18:02 | Report Abuse

PP hundreds of millions of shrs @ 68c...@ 69.5c upwards will hv HUGE selling pressure...GG despite gd results.

Posted by hantamking > 2021-09-29 18:31 | Report Abuse

hey <<calvintan>> , so my loss can i claim from u?

Posted by calvintaneng > 2021-09-29 18:41 | Report Abuse

Loss what?
All who follow Calvin supposed to invest long term (not short term punting)

See Opcom?

So many bought Opcom from 60 sen to 70 sen & Opcom even dropped below 50 sen?

Now Opcom over Rm1.00. So will be all happy buyers holding Kpower cheap.

SURE GOOD AND HAPPY LIKE THOSE HOLDING OPCOM ONE FINE DAY

See Opcom

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2016-01-11-story-h53468013-OPCOM_OPTIMAL_COMING_VALUE.jsp

See Kpower

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2021-09-25-story-h1571731612-KPOWER_SOLARVEST_SAMAIDEN_PEKAT_Compare_Contrast_their_Prices_Earnings_.jsp

So?

SO IN THIS TIME OF WEAKNESS IS GREAT OPPORTUNITY TO BUY MORE!!

Posted by hantamking > 2021-09-29 18:44 | Report Abuse

dont always ocom ocom , wont trust u anymore

Posted by hantamking > 2021-09-29 18:45 | Report Abuse

see u run far far better

Posted by winmal > 2021-09-29 19:36 | Report Abuse

Kpower lower his private placement price to benefit his cronies...

Posted by kfbusjd > 2021-09-29 19:53 | Report Abuse

kpower eps of 1.74 is consider good comparing to serba 0.4...

Posted by newtrader1989 > 2021-09-29 20:17 | Report Abuse

Serba really bad quarter. Will fall below 20 cents and it will affect kpower also

Posted by abang_misai > 2021-09-29 20:23 | Report Abuse

Gigil besok pagi

Posted by Edwin0908 > 2021-09-29 20:43 | Report Abuse

Calvintaeng, what's the long term investment time frame ? 1 year 2 year ?

Considering to topup more. Current entry price 1.20. bought at very high

Posted by Cnlim > 2021-09-29 21:01 | Report Abuse

His long term investment time frame is until the stock is above his call buy vary from 1 months to 50 years

Posted by calvintaneng > 2021-09-29 21:02 | Report Abuse

Edwin0908

Opcom went up not too long.
Ancom also up from 72.5 sen to Rm2.00 in less than one year

Since Petronas capex for green energy starts from year 2022 we are only 3 months plus away

Tnb also gave solar job to kpower. So things are picking up soon if not why so urgent for pp

Opcom up due to 5g emphasis so Kpower will go up due to Renewable energy

The law of cause and effect must come into play

And time is the essence

To buy now is cheap but against naysayers and fear

To buy later will have to pay a high price when things are clearer

Those who dare not buy Opcom at 67.5 sen are now chasing Opcom above Rm1.05?

I rather buy low when people are fearful than chase high in euphoria

Only 10% of the people got this nerve of steel to buy when all others are fearful and to sell when all the people are cheering in euphoria

I want to be numbered in the minority but among the winners

Posted by ooi8888 > 2021-09-29 21:11 | Report Abuse

people ask you to compensate their lost, you talk 3 talk 4.

Posted by stevenckheng > 2021-09-29 21:18 | Report Abuse

awang counter, becareful more fake accounting coming

Posted by gemfinder > 2021-09-29 21:59 | Report Abuse

3 bankrapt counters. Serba kpower scib

Posted by gemfinder > 2021-09-29 22:28 | Report Abuse

Pp at 068sen to raise 100m ka.. wa a lot of shares isue leh. Mcm sampah hahahha

Posted by calvintaneng > 2021-09-29 23:04 | Report Abuse

It is ok. See Opcom gave out 30% private placement near 42.5 sen for more fiber optic expansion

https://www.theedgemarkets.com/article/opcom-plans-second-private-placement-year-raise-rm23m

So Kpower issues pp for more hydro & solar power jobs are just the same. Look beyond the "now" to the bull time coming like Opcom

Posted by Dangel > 2021-09-30 08:35 | Report Abuse

Patiently wait at 50cts. to grab more.

Posted by newtrader1989 > 2021-09-30 09:25 | Report Abuse

50 cents also overvalued its equivalent to rm2 before split. Fair price is below 25 cents only i.e. RM 1 before split

Posted by m_aloha > 2021-09-30 09:26 | Report Abuse

adding more, thanks

Posted by newtrader1989 > 2021-09-30 09:28 | Report Abuse

Opom opom gangam style. Hahaha karim fxxk all shareholders day and night in both hole. Double penetration. One for kpower itself and second for serba

Posted by AnsonLiew > 2021-09-30 09:37 | Report Abuse

25sen la

tis stock goreng up bcause of karim

sure go back square one

Posted by newtrader1989 > 2021-09-30 09:43 | Report Abuse

SCIB already break 52 week low, later will be kpower turn as I predicted earlier

Posted by m_aloha > 2021-09-30 10:25 | Report Abuse

panic selling..

Posted by newtrader1989 > 2021-09-30 10:53 | Report Abuse

You mean 2.90++ down to 0.645 cents is all because of panic selling?