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This is renewable energy stock.. And this is pioneer in the market.. They are epcc and service provider and sold to tnb almost 20 year period.. Result will grow steady.. Anyway in initial stage need lot of money for rolling like WCE..
That why we can see lot of loan incurred, Anyway bank still keep borrow them due to their customer is TNB.. So just steady a bit all of u.. Buy if u think potential or confident (same like tnb)..
無相悟 ,Trade and other receivables 变成高了?就是只要当 project 还没completed 时, contract assets就会=receivables，收以Trade and other receivables 变成高了，是因为project 还在进行中???
NiaSing Wai 什么是双刃剑，大家小心…不明白，cypark的report2019的current assets是RM608974,639,而这个数目而放在receivables让大家觉得债务很高，那么Trade and other receivables 变成高了是正常的是咯，因为project 还在进行中???Contract Assets =Trade and other receivables ,只要complete, 正式移交工程，发票据，就可以收钱了对吗??? 让大家不敢买它的股票，其实债务才有RM43353075那里会高呢？那应该买它的股票咯!
NiaSing Wai 什么是双刃剑，大家小心…不明白，cypark的report2019的current assets是RM608974,639,而这个数目而放在receivables让大家觉得债务很高，那么Trade and other receivables 变成高了是正常的是咯，因为project 还在进行中???Contract Assets =Trade and other receivables ,只要complete, 正式移交工程，发票据，就可以收钱了对吗??? 让大家不敢买它的股票，其实债务才有RM43353075那里会高呢？那应该买它的股票咯!
总债务是11亿多，短期债务1亿多，cash in FD5 亿多(sukuk 借到的钱550M）, within 3 month from 1.6 drop until lowest 0.6 now 0.85++. Buy 20 lot max paper loss is 21k during January.. Now still paper loss 13k++ 。 Thinking buy more 20 lot to average. 本身做tnb生意，所以renewable energy 是未来tnb 和政府都在推行的政策。lowpe，div 不错，业绩稳健成长，结果一个market 大跌，到现在cypark 变成死Park（ dead parking). high liability 的公司真的要小心。
还有renewenergy生意真的那么好？LSS 1,2,3 tender price /kw 越来越低，if we compare LSS 1 vs LSS 3, offer price <rm0. 2/kw sold to tnb for LSS3, 2-3 times lower than LSS1.. Operation n maintenance cost will increased year by year, efficiency will drop after certain times. Their contract signed 22 years and price is fixed, if any operating cost higher will cause their profit drop or losses in future, they are not like tnb which rising cost can transfer to consumer (this guarantee them to maintain profit, )..
Delay of tanah merah project,
after received the money 550M from sukuk, then their project started to running at other project.even though they are pioneer in renewable energy industry, but their risk quite high, they should learn how to reduce the liabilities year by year. Otherwise they will be become like sapura energy, all their money contribute to Bank finally
Lss1, 2,3, average price from rm0. 45, rm 0. 32, rm 0.177 /kwh for lowest awarded bidder .. 这些只是参考. 以前solar panel 原料比较贵，现在比较便宜，不过个人认为Lss1 or 2 的赢家比较好赚, 比较快那回本。其实大家不用怕它收不到钱, tnb 还顾客钱很快的。现在起一个1Megawatt solar, 大概是Rm4mil, 100 Mwatt, 大概就400Mil, 不包括征地费用, so that why they apply rm550M from sukuk for this project purpose, they just win 100Mwatt last year for East Coast. Eg, Lss3 lowest is rm0. 177, maybe cypark 老招牌，their offer price to tnb is rm0. 2(这个资料找不到）,rm0. 2/kwh*100Mwatt capacity
Roy kah, 他的contract asset 的钱是分20多年来收， 不是completed 就可以拿钱，所以一年produce 多少电就拿回多少钱，类似IPP or malakoff or ytl power。不过前面却是要投资很多钱来起solar plant, 过后起好了才可以卖电给tnb 收钱。赚不赚钱在于合约的价钱，below rm 0.2 肯定没肉吃。this counter price started to drop when they announced they win the project 100Mwatt in terengganu for Lss3 Dec 2019 while government also announced the Lss3 awarded bidder lowest is rm 0.177. Cypark便宜没好货，买了就算了，还没买的advise 你们买cypark 的买家tnb, 贵点，不过风险比较少。
对，没错。一路来都是coal 最便宜，gas是最贵的，不过比较清洁过煤炭很多 solar 是最贵的，所以我们的 electricity bill 5％ 是来补贴solar 的。现在用gas发电还便宜过煤炭。其实我们的国家有sign 环保协议，something like protect our earth ，reduce Co2 emission. 他的意思就是在我们的power system structures 要reserve certain quota to renewable energy.. 所以未来还有很多solar project to fulfilled the quota.
