Posted by gemfinder > 2021-10-12 21:17 | Report Abuse

Clear wat? The q result is deteriorating. Sell when u can

Posted by musso77 > 2021-10-12 22:02 | Report Abuse

many keep advising people to sell, what they get in return?

Posted by izoklse > 2021-10-12 22:33 | Report Abuse

Sarawak approves RM10.136b budget for 2022

https://www.theedgemarkets.com/article/sarawak-approves-rm10136b-budget-2022

Posted by lloydlim > 2021-10-12 23:11 | Report Abuse

More to go!

Posted by Edwin0908 > 2021-10-13 00:11 | Report Abuse

Last min fly to 8

Posted by Depeche > 2021-10-13 08:38 | Report Abuse

Clear wat? Can tell u know nothing.

Posted by henry888 > 2021-10-13 13:22 | Report Abuse

Basically is under restructuring exercise and beneficial of the above-said budget.

Posted by newtrader1989 > 2021-10-13 17:31 | Report Abuse

OMG close red despite such a good future prospect

Posted by kfbusjd > 2021-10-13 17:54 | Report Abuse

annual report can come out means no problem for its account. Nice one.

Posted by Burstard > 2021-10-13 18:12 | Report Abuse

Strong hand strong hand

Posted by newtrader1989 > 2021-10-13 18:15 | Report Abuse

Dont hold so strong can hurt the balls lolz

Posted by Depeche > 2021-10-13 18:33 | Report Abuse

Propose share buy back

Posted by calvintaneng > 2021-10-13 18:56 | Report Abuse

Annual Audited Accounts of Kpower out

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3200517

Confirmed rock solid

Posted by newtrader1989 > 2021-10-13 20:33 | Report Abuse

Lolz 2020 offcource solid. Problem started 2021

Posted by jolynce > 2021-10-13 20:58 | Report Abuse

bought on Mon 0.705 sold today 0.805. Thank you Kpower. All the best to yousss..

Posted by solomolo > 2021-10-13 21:01 | Report Abuse

me still hold buy at 0.705

Posted by gloveisgreat > 2021-10-13 21:20 | Report Abuse

is about time for non stop going up.

Posted by ezmoney > 2021-10-13 21:51 | Report Abuse

newtrader1989 Lolz 2020 offcource solid. Problem started 2021
13/10/2021 8:33 PM


started 2021 means whole of 2021 or 2nd half of 2021??

This AR is until Jun 2021...want to spread FUD need be clear and check facts ya haha

Posted by newtrader1989 > 2021-10-13 23:17 | Report Abuse

Oh yeah sorry sorry overlooked. Hopefully tomorrow can se some green

Posted by henry888 > 2021-10-14 06:55 | Report Abuse

@newtrader 1989. You mahu short kah ? Saya tunggu Lu short saya beli...Nosh 543 million not much..

Posted by Bullbursa > 2021-10-14 09:55 | Report Abuse

Power crunch in China and India is an alarm to the world to increase and expedite the green energy deployment. RE will be the next theme to sky rocket

Posted by newtrader1989 > 2021-10-14 10:17 | Report Abuse

Kpower on its on difficult to survive. It will always be dragged down by scib and serba

Posted by piranha88 > 2021-10-14 11:25 | Report Abuse

Calvin, am I interpreting the annual report wrongly?
Receivables increased from RM43million to RM144million
Cash increased from RM90million to RM104million
Liabilities increased from RM61million to RM175 million
Cash flow negative
Is that solid report or did I miss something?

Posted by stockraider > 2021-10-14 11:42 |

Post removed.Why?

Posted by newtrader1989 > 2021-10-14 12:09 | Report Abuse

Massive dumping at Serba, Can fold up the rock solid annual report and place it in between the butt line hahaha lolxxx

Posted by newtrader1989 > 2021-10-14 12:20 | Report Abuse

Sincere condolences to those who bought above 80 cents

Posted by awankign007 > 2021-10-14 12:26 | Report Abuse

More PP soon

Posted by awankign007 > 2021-10-14 12:27 | Report Abuse

Boss style is more PP, More project get more PP, debt keep higher and higher. Once cant cover, PP then right issue.

Posted by Edwin0908 > 2021-10-14 12:59 | Report Abuse

Dropping like no tomorrow again?

Posted by testwater > 2021-10-14 13:53 | Report Abuse

1. Receivables increased from RM43million to RM144million
- revenue increased by 4x, receivables increased justifiable?
- Days receivable is ~90days, justifiable?

2. Cash increased from RM90million to RM104million
- Negative CFO, noticeable key diff is increase in trade and other receivables. Back to point 1
- Negative CFI, standard, noticeable key diff is acquisition of subsidiaries, up to you to think got value-add or not
- Negative CFF, mainly due to cash placed into FD

3. Liabilities increased from RM61million to RM175 million
- back to point 1. Funding is required to support growth in business, always debt or equity funding. Organic growth using internally generated fund? Not an option for Kpow at this point.

4. Cash flow negative
- back to point 2


As for PP, will it reduce EPS or not, see how much they can roll with the PP funds received. Looking at recent forecast by Rakuten:
2022F PAT = 50mil
Total ordinary shares outstanding = 542.8mil
2022F EPS = 9.2 cents

Test water blow water.

Posted by Jenny > 2021-10-14 15:00 | Report Abuse

之前管理层要在pp那边凑的100millions。现在PP价钱才68sen 等于，61millions罢了。所以很大可能明年会来多一次pp。给我感觉到管理层很着急的要钱，很缺钱吗？ 奇怪。。。hmmm

Posted by Jenny > 2021-10-14 15:03 | Report Abuse

每一次的拉升都是逃命波，不是买。别傻傻冲进去当炮灰。Serbadk最新的业绩已经很明显的告诉你们他的账户很有问题。

Posted by newtrader1989 > 2021-10-14 16:37 | Report Abuse

Better stay away from all 3 con counters

Posted by lloydlim > 2021-10-14 17:14 | Report Abuse

Another PP is for sure but the question is when? Probably Q1 next year.

Posted by Jenny > 2021-10-14 20:35 | Report Abuse

以下的因素就是为什么我会卖掉Kpower

1) 管理层的诚信很有问题（说明信心满满会在Q4前拿到20亿的epcc project，但是做不到，也没有交代原因！？前几个Q也是拿这个20亿 project来做买点，这个个Q反而完全没有提到20亿的project了，很不负责任！！）。

2）公司从4月到现在9月尾完全没有锁到一份新合约，让我很质疑Mustakim的能力。

3）之前2020年爆炸性拿到合约都是从他的私人公司OHP那边给的，就是左手给右手而不是从公开市场竞争拿到的合约，OHP website 也很久没有更新了，OHP 没有新合约就代表Kpower 也是零鸡蛋的，这样是很不健康也不靠谱。

4）Q4的业绩真的很难看，营业额和税前盈利双双下跌到让人无法接受的一个程度，这个不是成长股应该有的表现，而且Mustakim在之前的Annual Meeting提到今年会是爆炸性的成长，看来也是说说而已，诚信问题。

5）营运现金流持续负流出，一年内流出了差不多20Mil。工程是有的但是就好像白忙一场，钱一直流出）。

6）现金流也是负流出，从念头的100Mil到年尾只剩下50Mil多这样的，非常不健康，只就是为什么短短一年内要做第二次的private placement了。

7）Karim和Mustakim 做生意的手法真的让你止步，都是靠嘴巴粉刷，吹捧自己的公司多好，而让投资者麻木买入而起到股价长高的效应。

8）公司刚起步就开始给20%, 30%的股息。股息是好但是有能力派发才是重点。而不是靠借钱来派发股息。这个也是Karim和Mustakim的一个技巧来锁着投资者的心态来买入他们公司的股票。

9）Kpower以这样的营运模式继续经营 ，很大程度会变成第二个Serbadk。

10) 管理层清一色都是某种族在管理，公司的合约也是靠关系才拿到的

11）OHP 是属于own and assets 公司而不是epcc公司，基本上epcc哪方面是毫无经验的，所以Kpower拿到的epcc project 基本上都是公司再外批其他工程公司去做的。 对Mustakim的团队能不能执行epcc project我个人是保持质疑的。

12) 技术图方面，基本上股价是一直向下滑的。每次的拉升都能看得出大户在出货。现在的股价和Karim and Mustakim 收购前还有一段距离，就是说股价还有很大的下滑空间。很不乐观。

13）Serbadk现在面临着审查丑闻，以过往在Malaysia被审查师质疑的公司都不会有好结果。我看Serbadk也不会例外。

Posted by d75 > 2021-10-14 20:56 | Report Abuse

@jenny translate to english please. Thank you

Posted by kfbusjd > 2021-10-15 07:53 | Report Abuse

没对也没错 个人看法毕竟不同。过去一年现金流不健康是真的。毕竟那时serba没事公司做生意的模式也是自己出本钱建了才去跟对方收钱，所以现金流不健康是肯定的。但是从季报来看，这次的盈利虽然少了，但是债务和应收账目也少了，所以现金流开始有点好转的迹象。当然未来怎样没人知道，还要继续观察。而且只要账目没问题，这家公司明显是被严重低估了。你看看solarvest pe多少，同样也是pp了，现金流一样不健康，你觉得会比kpower好吗？

Posted by taco89 > 2021-10-15 08:31 | Report Abuse

老实说，今年的反复封锁和疫情肯定打乱了很多公司的节奏。至于你说q4业绩很难看我就不是很认同，毕竟还是赚钱，q4也是六月也是total lockdown的开始。有一个一百多万的impairment是跟英国那个卖掉的楼有关系，而且以往它的成长也不会说到很夸张。
如果你说是scib业绩很差我就认同。PP不一定是坏事，只要真的能用这笔钱来运作他们之前接到的合约，多几个季度看看他们的现金流才知道是否会像serba那样。

Posted by henry888 > 2021-10-15 08:34 | Report Abuse

In my opinion, the cause of the now scenario of Serbak and Kpower in particular Construction companies were more attributable to covid-19 effects. Except those stable and with minor affected companies or covid-19 beneficial companies now are still ok. Going forward will see how the development of covid-19.

Posted by newtrader1989 > 2021-10-15 10:10 | Report Abuse

Strong holding hands please hold your underwear strongly. This karoom will conn you until strip you naked lolz

Posted by Edwin0908 > 2021-10-15 10:53 | Report Abuse

Why keep drop

Posted by newtrader1989 > 2021-10-15 12:10 | Report Abuse

No fundamentals la this company on its own, just follow serba trend only.

This is forever downtrend counter so many factors pull it down

KlCI down - kpower down
KLCI Up - kpower down
Political issue - kpower down
Election - kpower down
Scib down - kpower down
Serba down - kpower down
Nasdaq down - kpower down
D&J down - kpower down
Rinngit fall - kpower down

Karoom fart - kpower down

Lolz so many down factors

Posted by Burstard > 2021-10-15 12:25 | Report Abuse

My underwear Down I still strong hand to hold hahahahha

Posted by Jenny > 2021-10-15 13:41 | Report Abuse

还剩不到10天工作日Serbadk 和 scib就得出 年度审查报告。你们觉得他来得及吗？
我说很大可能来不及。知道会有什么后果吗？自己去想吧。

Posted by newtrader1989 > 2021-10-15 13:52 | Report Abuse

Hahah great burstard

Posted by linheng > 2021-10-15 13:55 | Report Abuse

Good results, price come down. All quarters profit. Just average down

Posted by m_aloha > 2021-10-15 14:10 | Report Abuse

still nagging on 'down', at 62c dont want to buy or else..

Posted by taco89 > 2021-10-15 16:33 | Report Abuse

Jenny, 你真的觉得会来不及？来不及的话Nexia 会敢接吗？那两个肯定有账目问题要处理。这边目前已经过关，只能等多两三个业绩才能知道他们到底真的会成长/保持 还是只会讲而已。

Posted by kfbusjd > 2021-10-15 18:38 | Report Abuse

少了一个anson liew又多了一个new trader 1989。 都是一个样，又或者说只是同人不同号罢了。非常仇视karim，算啦，别人的私事我也管不着，说不定是karim害他戴绿帽？看看comment笑笑就好，投资还是要靠自己。觉得不好换一家公司投资就好，不用每天说这家公司不好偏偏又每天赖在这边放坏消息。好的也说成坏的，一点不好的消息来就说公司要倒了。kpower年报已经出来了，至少目前为止是没问题了。

Posted by taco89 > 2021-10-15 18:50 | Report Abuse

Kfbusjd, 这些什么都不会只有嘴巴的人看看就好。 现在不是说karim的股有没有问题，而是分析他们的业绩和未来前景。个人觉得世霸的问题不是很乐观，不是因为审计而是现金流，还有要到期的bond。kpower目前还是可以接受的，只是需要多几个业绩来观察，mustakim曾经是银行家，而且加上世霸面临这些问题，肯定会更小心处理，慢慢成长会比较安全，爆发性成长就很大可能变成下一个世霸，一收不到钱就头痛了。