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Overview
Financial Highlight
HeadlinesBusiness Background Cypark Resources Bhd is an investment holding company. The group is organised into the following reportable business segments: Environmental Engineering segment which generates maximum revenue is engaged in the provision of nature conservation and environmental amelioration and offers environmental engineering and integrated turnkey contract services; Landscaping and Infrastructure segment is engaged in the provision of landscape services, project management services, and infrastructure developments; Maintenance segment is engaged in the maintenance of landscape services for public parks and public amenities, and Green Tech and Renewable Energy is engaged in the renewable energy businesses. The group's activities are conducted predominantly in Malaysia.
  paktua73 we was share our game previously not today.. already hit our target.. but.. we will stand swing here until rm1.15 tut tut how we will do.. answer joined paktua swing team 27/01/2023 3:05 PM paktua73 cypark,sunview,solarves,all ev energy sectors.. will make correction.. so don't chase higher.. know your game before play.. tut tut paktua still stand 1-sunview 1.00 2-cypark 1.15 we will swing till end of Feb 27/01/2023 3:22 PM paktua73 hehe.. paktua not against Michael kwok as him is Trader.. just don't know he swing or scalpr or contra player.. he call sell paktua also agree base on chart n short wave RP pattern.. tut tut cyoark will make new foundation next week.. if stand above rm0.93 we will see rm1.05 on 2nd week of Feb.. 27/01/2023 4:06 PM paktua73 to all cypark believer.. after hit rm1.00 now cypark will in correction mode.. please reffer to infotec pattern... when infotec reach rm1.00 on 1st time.. now correction will be happen.. paktua set range rm0.78 to rm0.98 this range cypark will be sail.. so next week if not break rm1.05 then be prepared to sail below rm0.90.. paktua was sail many new comer sea.. like sfptech,lgms,infotec, even coraza n cnergen also.. even old counter was sleep like,pmetal,syscorp etc.. paktua was thru all the devil wave.. yang pasti.. all sleeping counter also will rise.. tut tut cypark will reach rm1.15 and paktua will stand till that.. 27/01/2023 4:51 PM paktua73 hi suare_pro.. telegram yer.. tut tut just sent request to tele @swingdarkred73 27/01/2023 10:46 PM paktua73 hi..@StockSniffer sent requw to telegram yer.. just sent request to telegram paktua ar below.. @swingdarkred73 tut tut paktua will add 27/01/2023 11:25 PM paktua73 morning.. today cypark will cool n take break at pit stop.. tut tut will back in action soon 30/01/2023 9:38 AM paktua73 cypark back in rally.. now headed to summit rm1.15.. tut tut when out from rm1.00 pit stop..next pit stop is rm1.08 30/01/2023 11:01 AM  speakup wow cypark suddenly golden share again few months ago semua hantam kuat kuat cypark sekarang semua cinta kuat kuat cypak 30/01/2023 11:02 AM paktua73 kiki.. from below rm0.90 say run run.. but paktua respect who want cash out.. as long in profit..its no wrong to C.win.. paktua will stand on main target.. tut tut we stand till hit rm1.15 30/01/2023 12:31 PM  Abba84 Michael Kwok Cypark 96-98 cents(Sell call) 27/1/23 3.30pm. Sell , call ?clearly ,buyers, don't buy ur.sell idea! 30/01/2023 6:01 PM paktua73 morning semua... esok holiday.. mybe ada correction hari ni.. tut tut stand on own target.. 31/01/2023 8:06 AM paktua73 hi cypark fighter's... cypark was rally for many days... SO..when uma hit.. reaction will happened.. for paktua team we prepared for this tut tut we dare to sail till rm1.15 31/01/2023 3:01 PM MathMan I originally posted this in November 2021. I believe it is still relevant: According to the 2020 Annual Report, Note 6(a), in relation to the Ladang Tanah Merah WTE plant, "During the financial year, the borrowing costs capitalised in the intangible asset amounted to RM23,522,000 (2019: RM28,422,000)" According to the Independent Auditor's Report in the same Annual Report, the carrying value of the WTE intangible asset was RM871M. When the WTE plant is brought on line, the intangible asset will have to be amortized instead of accumulated. Assuming this is done linearly over 19 years (the 19 years being a complete guess on my part), this will be an outflow of RM871/19 or RM45.8M per annum. At the same time, the interest, which is presently being capitalised, will have to be expensed, which will be an additional expense of RM23.5M. If you add the interest to the amortization, when the WTE plant is brought on line there will be additional expenses of RM69.3M. According to https://themalaysianreserve.com/2017/03/31/cypark-hopes-to-formalise-landfill-concession-by-mid-year/ Cypark was targetting RM100M revenue per year, and there is reason to believe this might include at least a little "blue sky", but even if you accept that number, for sure there are going to be operating costs and those costs may be more than RM100M less RM69.3M. I would not be surprised if the net effect of bringing the WTE plant on line is not so much a profit as a loss. 31/01/2023 3:30 PM MathMan star168 If like that, why still going to invest to operating. 10/11/2021 9:17 PM MathMan It's actually slightly worse than that. Although the company was forecasting revenue from the WTE plant of RM100M in 2015, in it's Unaudited Interim Financial Report for the Third Quarter ended 31 July 2021, the company stated that "Once the plant is commissioned, the integrated WTE plant is expected to contribute up to RM80 million a year in revenue". So now we have RM80M less RM69.3M less operating costs. A positive effect on earnings is starting to look improbable. 11/11/2021 10:07 AM 31/01/2023 3:30 PM MathMan According to https://cdn1.i3investor.com/my/files/st88k/5184_CYPARK/pt/PUBLIC%20BANK/5184_CYPARK_PUBLIC%20BANK_2017-07-06_HOLD_2.62_CYPARK%20-%20Expanding%20RE%20Segment_583217028.pdf “the company targets to receive 1,000 tonnes of solid waste per day. We [Public Investment Bank] estimate the tipping fee is around RM30/tonne”. A tipping fee of MYR30 per tonne at 1,000 tonnes per day would be MYR11M per annum. 31/01/2023 3:34 PM MathMan And according to Energy Malaysia Volume 13, in 2017, the combined cost of electricity is 26.39 cen per kWh, which puts an annual value on say, 22.5MW of RM0.2639 * 22.5 * 1000 * 24 * 365 = RM52M. And that assumes the plant can produce 22.5MW 24x7, which seems a bit optimistic. 31/01/2023 3:35 PM MathMan So unless Cypark has negotiated better tipping fees and wholesale energy prices (which it may have) my estimate of the revenue is not the RM80M suggested by the company, but RM63M. Now the effect on earnings is going to be RM63M less RM69.3M less operating costs. Unless there's something seriously wrong with my reasoning, bringing the WTE plant on line is going to have a seriously negative effect on earnings. 31/01/2023 3:37 PM newtrader1989 3 days trying to break 1.07. Too strong resistance. Lets see if can break later afternoon 02/02/2023 10:38 AM  | | ||||||||||||||||||||||||||||||||||||||||||||||||
