Calvin aka Cari water fish Calvin will ask u all to buy more, at the end then will disappear from this forum, same like what he did in netx talamt palm oil
Your guess is as good as mine. Plus management is not clear, as contracts may be dictated by the related companies to Chef. Let the market price this counter to reflect reality.
Please do not compare KPower with SCIB as the two companies have each totally different history and business. Just take a look at KPower, from a losing fabric manufacturing company then suddenly turn itself into a construction companies winning a no of mainly hydro power projects from all over the world and turn itself around with big profits within such a short time, just like a magic show.
At some time during the early last quarter of 2021 KPower were touting that they had an order book of Rm1.9 Billion. This figure was also quoted in an IB report on the company (can't recall who) around October too, citing "talking to management" on the company's prospects going forward.
At the time of reading that IB report I was dubious about their projections as I thought the report had more holes that Swiss cheese.
Anyway, I gave the report the benefit of the doubt and decided to look further into the Kpower website. Under "Key Milestones" on their site the order book value was only up to 2020, with a value of Rm1.2 Billion. I thought that was odd, if I was the CEO I'd be shouting from the rooftops that we had an order book of Rm1.9 Billion.
I checked the website every few weeks to see if the figures had been updated but always found the same information.
Today I decided to look again under the "Key Milestones" section and to my surprise it had been updated, with mentions of Mr. Karim resigning and ceasing to be a substantial shareholder. The order book value was also updated.
The Rm1.9 Billion which was touted towards the end of 2021 is now quoted by the company to be Rm1.158 Billion. Approximately Rm750 Million lower than what has been told to the market late last year and also quoted from the company in the IB report.
Simply wall street recommend kpower. I says if long term invest MAYBE can consider. Bt its a risky stock as nobody knws the real health account of kpower. Or u might as well wait for another qr b4 u decide. Pls take note. I say MAYBE ya.
Maybe right issue coming. Hahahhaha. Many big retailers run, only mustakim and kenanga two big shareholders, no one support. Share price dive to 20c soon then maybe wait for share conso 10 to 1. Hahhahahaha
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....
Taylor950924
4 posts
Posted by Taylor950924 > 2022-01-25 10:55 | Report Abuse
Not sure what's wrong with n********1989? all the reviews are on Kpower, SCIB, and Serbadk.