Perhaps it is time for us to look into Power Generation stocks.

Cypark and ytl power are both trading at single PE

Personally I prefer YTL power for its stable income and DY
IT'S diversified business it countries like UK / singapore etc. I strongly believe it's next quarter results will be great especially during weakening OF MYR

Besides I like Cypark for its massive growth potential in Renewable Energy business.

For myself, I will reinvest my dividend income from ytl power to cypark.

This post has been edited by darkknight81: Oct 9 2015, 06:57 AM

Ok, so what about malakoff? Anything worth taking note of compared to the other two?

1. I Don really like to buy just listed ipo. it is because

a) No track record
b) Normally ipo PE are quite high

Tenaga says YTL Power no longer supplies power to grid

http://www.thestar.com.my/Business/Busines...grid/?style=biz

It is bad news. Meaning 10% earnings contributions off from here.

Thanks Bro for highlighting this.

no problem.

when I saw the news I remember tis thread

1. MAYBE someone can share what are they going to do
With the power plants? Selling off as scrap metal?

What’s New
YTLP had earlier disclosed that it had acquired an 80% stake in P.T. Tanjung Jati Power Company for USD2m. This entity is undertaking the development of Tanjung Jati A, a green-field 1,320MW coalfired power plant in West Java, Indonesia.

Tanjung Jati A is a legacy project awarded to the Bakrie Group in the 1990s. The project failed to take off then, initially due to the Asian financial crisis, and subsequently due to Bakrie Group’s capital constraints. News reports suggest an equity injection of IDR29tn (c.MYR850m) for the project, with possible commissioning of each of the two generation blocks in 2019 and 2020.

What’s Our View
Details are scant, and management is unwilling to divulge more. We note Tanjung Jati A is similar in size to that of 20%-owned Jawa Power (1,220MW coal-fired plant). Assuming similar concession terms, an 80% stake in Tanjung Jati A could conservatively add MYR0.30/share to our YTLP target price. The downside to this new investment is that FY16/FY17 dividends could potentially be at risk, given YTLP’s propensity to conserve cash for capex / M&As. Our earnings forecasts are unchanged for now pending further financial disclosure on the Tanjung Jati A power plant. Our TP is based on a 10% discount to our RNAV estimate of MYR1.76/share (fully diluted basis), which is in turn derived from a sum-of-parts with each operating entity valued using DCF.

YTL Power has already secured short term PPA for Paka power plant for the period of Mar 2016 to Dec 2018 from EC. The PPA can be further extended once YTLP settles the dispute of the land use for the power plant. The problem is lands belongs to TNB and plant belongs to YTL, the land use rights expired with the PPA on September. YTLP and TNB is currently undergoing negotiations.

Indon government wants to have 35,000 kw additional power capacity by 2020 and is inviting ALL comers to build power plants. The prospects there are brights as electricity is sold at floating rate (depends on coal price and USD) to consumers so will offset any future risks fuel cost/forex risk. Current Indonesia have a energy deficit of around 10%-15%...

http://www.thejakartapost.com/news/2015/05...ty-program.html

http://www.globalindonesianvoices.com/2018...icity-projects/

This post has been edited by gark: Oct 5 2015, 07:46 PM

Thanks Bro. You r right.
How come the short term PPA not starting from 1 Oct 2015?

Great news

KUALA LUMPUR (Sept 30): Cypark Resources Bhd ( Valuation: 1.20, Fundamental: 1.15) reported a flat net profit of RM12.25 million or 6.09 sen a share for the third quarter ended July 31, 2015 (3QFY15), compared to RM12.15 million or 6.7 sen a share a year ago, mainly due to the provision of additional tax expenses.

The additional tax expenses was required to be recognised for non-tax-exempted projects, it added.

The integrated environmental engineering and technology provider’s revenue for the period came in 9.4% lower at RM61.44 million, from RM67.8 million in 3QFY14, as its environmental engineering projects faced slower progress.

For the year ended July 31, 2015, Cypark’s net profit inched 5.4% higher at RM35.33 million or 17.58 sen a share, from RM33.53 million or 18.5 sen a share in the preceding year.

The group’s revenue for the period came in at RM196.11 million, a 3.5% gain from RM189.32 million a year ago.

In a filing to Bursa Malaysia today, Cypark said sustainable development is critical to the group’s long-term viability.

“Cypark embraces the challenge of reinventing our company to meet the changing needs of consumers by offering sustainable energy choices through innovative emerging green energy technologies,” the group said in the filing.

The group noted that the market growth of solid waste management services in Malaysia is expected to be driven by the increasing waste output of its population and the increasing awareness for environmental care and protection.

It cited recent statistics from Ministry of Urban Wellbeing, Housing and Local Government indicating Malaysians produced 33,000 tonnes of solid waste a day, seven years earlier than the target of 30,000 tonnes projected for 2020.

The group added that waste management firms utilizing green technologies were identified as one of the services that can jump-start a vibrant green technology industry under Malaysia’s Economic Transformation Programme (ETP).

Cypark (fundamental: 1.15; valuation: 1.4) gained 2 sen or 1.2% today, for a share price of RM1.70, with 293,000 shares traded. It had a market capitalisation of RM405.9 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

Dunno... probably the land issue kua..l think...

KUALA LUMPUR: CIMB Equities Research remains bullish about Cypark’s long-term earnings growth potential as it is a beneficiary of the government’s plan to develop the renewable energy (RE) industry in Malaysia.

It said on Thursday Cypark is building a waste-to-energy project in Ladang Tanah Merah (LTM). Once the project is completed in 2017, Cypark should be able to generate recurring revenue of RM80mil annually from the project.

“We maintain our Add call on the stock, with a higher sum-of-part based target price of RM2.40. The securing of more RE projects and newsflow about the progression at LTM are the potential re-rating catalysts for the stock,” it said.

CIMB Research said Cypark’s core net profit grew 6% on-year to RM12.9mil in 3Q15. The better performance was driven mainly by its renewable energy (RE) and landscaping and infrastructure (L&I) divisions.

RE’s operating profit rose to RM7.2mil from RM5m in the corresponding quarter last year, while L&I’s operating profit grew 1% on-year to RM2.6mil.

“Cypark attributed the 45% on-year growth in its RE operating profit to higher generation capacity, which grew from 29.3MW in 3Q14 to 30.3MW in 3Q15. We suspect that the higher profit also resulted from lower maintenance works that needed to be carried out on its RE assets.

“The operating profit of RM7.2mil in this quarter was its highest ever. The second highest quarterly operating profit was the RM5mil achieved in 3Q14,” it said.

CIMB Research expects Cypark’s earnings to be weaker on-quarter in 4Q15 as a result of higher expenses at its RE division. However, the earnings impact of higher RE expenses may be partially offset by stronger revenue at its environmental engineering division as Cypark expects to formalise the EPCC of one of its key projects by 4Q15.

is cypark proven to be good choice of investment ?

Crashing like mad in the past few weeks

Cypark is definitely not a good investment. High debt, poor cash flow, constant dilition of shares. Low P/E and net profit can be easily manipulated, but they can't fake cash.

yeah hahahah so gg

Spot On on the increasing debt, constant negative free cash flow, dilution and decreasing cash holding!

Link: www.stochie.com/trends/5184.KL/