When first public listed 2022-06, Revenue RM31.5 million can make profit RM1.8M, now Revenue RM204m, only can make RM1.4m, what a joke! Secondly, New issue 73.55million share volume, Director also busy selling share when share price goreng up. RUN before too late.
The government will soon open up bids for Malaysia’s fifth large-scale solar (LSS) photovoltaic programme, with a quota of up to 2GW of which a developer can bid for up to 500MW
RHB Research said it was also optimistic about the country’s solar power landscape.
“Structural growth is fuelled by a solid number of government initiatives and aided by favourable market conditions – as solar power panel prices are expected to remain soft throughout 2024,” it explained.
RHB Research noted the corporate green power programme had made significant progress, with off-taker agreements nearing finalisation and financial close on the horizon.
Anticipating more renewable-energy (RE) jobs to be awarded in the coming months, the brokerage said it also expected the announcement of five large-scale solar winners in the second half of 2024.
“Further boosting the earnings of solar players is the commercial trading of Malaysia Renewable Energy Certificates, which is designed to increase market demand for RE by allowing companies to trade certificates representing RE production,” the research house said.
Rumors say Kinergy Advancement (KAB) is venturing into solar power, floating solar, battery storage, waste heat recovery, and waste-to-energy projects and is making a major expansion in Kedah ! This probably will be the next significant step for their growth. Another RE theme stock that worth watching ~
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....
seamaninvest
55 posts
Posted by seamaninvest > 2023-11-27 10:16 | Report Abuse
time to collect some at current price ...