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2,222 comment(s). Last comment by terence775 at May 10, 2021 2:09 PM
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23 posts

Posted by uemcapital > Apr 8, 2021 5:20 PM | Report Abuse

Wahhh.. today all comment so long . Hahaah

2 posts

Posted by ctth20 > Apr 8, 2021 5:45 PM | Report Abuse

From other solar company info, 12MW-15MW plant roughly cost 50mil-60mil.

reNikola is going to build a 330MW solar plant. Whats the cost?

I did ask the reNikola team during the live if they have the funding. They did not really answer the question. The host follow up asking them if they will do private placement to get part of the fund. No definitive answer either.

My main concern is how much funding they required for the 330MW plant?

They raised 390mil from sukuk.Is it enough?

I am a holder.

I like the story.

I am just poking around to try to understand more.

Asking question doesnt mean dislike PEB / dislike solar / spread bad words about the company.

452 posts

Posted by terence775 > Apr 8, 2021 5:49 PM | Report Abuse

Wa... what high quality discussion here.

51 posts

Posted by Azshah > Apr 9, 2021 9:21 AM | Report Abuse

Thanks winetime for your comment. I really enjoy the comments that has a different vantage points. Understanding other people's point of view always expand my knowledge on investment matters. The more I understand, I hope the better my stock picking skills becomes.

157 posts

Posted by twynstar > Apr 12, 2021 11:53 PM | Report Abuse

Solar in Malaysia - challenges, and too much of a good thing?


54 posts

Posted by winetime > Apr 13, 2021 2:57 AM | Report Abuse

KUALA LUMPUR (April 11): Solar enthusiasts are jumping on the bandwagon to promote the renewable energy (RE) source, harping that it is freely available and more cost-effective.

But is this true? And is too much solar a good thing? Let's explore this further.

Solar is available only during the day, thus you still need to cater for energy during the night. This will normally be provided by other conventional plants (i.e. coal, gas, and hydro). This means that conventional plants are still needed even though solar is introduced into the system.

Alternatively, battery can also be used to store some of the solar energy for the night. However, this comes as an additional cost.

Battery technology is still new and expensive with a current price tag of RM5,000/kW, compared with RM3,000/kW for the typical cost of a gas plant. Not only are batteries for the power system costly, they can only be used for a limited time, depending on their type and design.

A 100MW solar plant is not equivalent to a 100MW conventional plant in terms of generation capability. This difference is mainly in the capacity factor.

Capacity factor is the ratio of total actual energy generated over a period of time to the energy that would have been produced if the plant had operated continuously at the maximum rating. The capacity factor of a solar plant is around 17% while that of a gas plant can go up to 80%.

For example, in a year, 100MW of solar can only generate 149GWh of energy whilst a gas plant of the same capacity can generate up to 700GWh of energy. Thus, about five solar plants are required to generate the same amount of energy as a single gas plant of the same capacity.

Adding to the challenges, solar is not controllable or dispatchable, compared to conventional plants that can be controlled as required. Thus, solar energy must be accepted into the grid as it is generated.

This presents a problem during periods of high solar generation on low demand days (weekend or public holidays) which can trigger excess supply to the system.

Given this scenario, conventional plants may have to be reduced or shut down to give way to solar generation, thus affecting system security.

Malaysia has very high cloud cover and this results in high intermittency of solar output. This intermittency requires further support from the grid system particularly conventional power plants to ensure continuous energy supply to customers.

Although the rated capacity of solar plants may be high, it is only able to contribute 17% to meet the system reserve margin requirement. The remaining reserve margin needs to be supplemented by installation of conventional plants.

The cost of system support during the daytime, supplementing the reserve margin and maintaining conventional plants and battery storage at night represents the integration cost of solar into the system, which is over and above that of its generation cost.

On the question of having too much solar in the system, we can learn from Australia's experience.

Australia has a high rooftop solar penetration due to a liberal approach taken earlier by its government in promoting RE. The Australian Energy Regulator is now considering to charge a tariff on rooftop solar owners who inject solar power back into the grid during peak hours.

According to the Australian Energy Market Commission which proposed the tariff, exporting solar to the grid would cause power congestion and affect stability of the system, therefore, charging households would help reduce electricity "traffic jams".

In this context, too much solar remains a question as to whether it is a good thing as the RE will no longer be cheap if it comes with additional charges and penalties.

It must be appreciated that if a massive and accelerated solar programme is embarked upon, there will be significant additional costs incurred from solar integration into the system to ensure system security and reliability. These additional costs will invariably be passed on to the consumers.

A fair and equitable distribution of RE integration costs to all consumers is necessary to avoid "cost shifting". The government's plan of introducing solar is very encouraging and appropriate but must be carried out in a systematic way to ensure maximum value of solar capacity whilst ensuring system reliability and security.

A cautious approach by the government is certainly welcome and prudent.

19 posts

Posted by justinwee87 > Apr 13, 2021 12:36 PM | Report Abuse

So many different opinion on this counter, Very good, It must be a well sharing counter,
Anyhow just read some quality article through and go through all the comment from above. I found out PEB is very good even there are different voice on the counter. Anyhow for future investing. My personal opinion for this counter is actually not and I had chip in a portion to PEB counter at early morning.

19 posts

Posted by justinwee87 > Apr 13, 2021 12:41 PM | Report Abuse

What do you seek in investing in a company?

Is it Dividend? Capital Gain?

Or both?

Well, ultimately every single investor just wants to maximize their return at a level of risks that they are comfortable with. Most investors, however, are overly risk-adverse or risk-taking. It is extremely hard to strike a balance in between.

But if you are one of those risk-taking guys who are keen to aim for > 100% return, you had come to the right place. This company that I’m going to share with you is being underestimated by most investors – including mainstream medias. This undervalued gem is Pimpinan Ehsan Berhad (“PEB” or the “company”).

19 posts

Posted by justinwee87 > Apr 13, 2021 12:44 PM | Report Abuse

In hindsight, you would not find anything interesting about the company itself as it is an empty shell where Bursa has categorized this company as “Cash Company”, and PEB had been tagged as a PN 16 company. To those who are new to the term, PN 16 is merely a grouping by Bursa for companies who do not have a core business or major revenue contributor after disposing their core business. PEB is one of the greatest examples of all.

Now, PEB is having a war chest of RM70.3 million ringgit in cash in the company, pending for potential expansion plans. But what’ so special about a company sitting with a pile of cash?


BUT! A huge but for this company is, PEB is undergoing a reverse takeover (“RTO”) exercise by reNIKOLA group of companies. I do not want to bore with the corporate structure of this company, but PEB is going to go big after the RTO.

19 posts

Posted by justinwee87 > Apr 13, 2021 12:45 PM | Report Abuse


The newly injected “assets” are extremely valuable in my personal experience and based on market valuation in its peers. Upon completion of the RTO, PEB will be one of the largest solar renewable energy players in town. You heard me right – LARGEST SOLAR RENEWABLE ENERGY PLAYER.

The term “solar” and “renewable energy” is so hot in the market that, two newly listed companies in 2020 had transformed into multibaggers in a year of time. I do believe you know who are they, right?

Nevertheless, I must stress that PEB is different from the said solar companies. Imagine if the said solar companies are contractors, then PEB is the “developer & asset manager” in a property sense. In fact, PEB is the operator of solar farms that would be constructed by these companies.

Had you noticed that our country is going green?

It is not just “our country”, but the trend is on a global scale. Energy sector is transforming from the traditional coal fire electricity generation to renewable energy generation to reduce carbon emission to prevent further global warming. I like heat, but not in this way!

Factually, PEB currently had 3 in-operation solar photovoltaic plant on hand. The capacity of these plants is 5 MWp, 38 MWp and 45 MWp, respectively. How big is one MWp? An average household would consume approximately 20 kWh per day, and a 10 MWp solar power farm could translate into 14.9 GWh in power for household consumption.

In short, 1 kWh = 0.00000010 GWh. You can do the math.

reNIKOLA group of companies are having a total of 88 MWp of solar assets on hand and another huge solar farm of 330 MWp in capacity in the pipeline. Now do you see the potential of this company?

However, these assumptions are made on a successful RTO of PEB. Can it really be successful?

By no means I’m the seer in stock market. But rationally, the ultimate owners of reNIKOLA had purchased up to 66% of ownership in PEB with their cash. If you are the owner, would you let the deal fail?

I believe not.

19 posts

Posted by justinwee87 > Apr 13, 2021 12:45 PM | Report Abuse

Hence, PEB’s RTO case is almost, indefinitely in the bag. Based on the company proposed timeline, the company should have a proper signing of share sales agreement (“SSA”) latest by June. How does that affect us?

I had mentioned that PEB could potentially give a 100% or more in return, right? To achieve that, the company MUST complete the injection of assets by issuing new shares. The market is currently valuing this company with a cash of RM70.3 million ringgit on hand at a total market capitalization of RM 111.0 million ringgit. I bet you couldn’t find any deal as such in the market!

Everyone is waiting for the valuation and dilutive effect of reNIKOLA to be finalized. But let me ask you this – if an information is public, how are you going to benefit from it?

You simply can’t.

This is why, buying PEB now is a potential risky move; but at the same time you could build a position in the company before the market knows about it. Do bear in mind the 66% of the shares are in the new management’s hand. They could not dispose it without making a public announcement, and as you can see from the chart, the share price is consolidating. What does this mean?

It means, someone is collecting PEB’s shares quietly.

If you cannot beat them, simply join them. PEB is one of the rare case where there is still opportunity to double due to lack of knowledge by the general public on the company.

Now, it is up to you to decide.

Do you want to chase after the share price when it spiked a 30% - 50%, or would you like to allocate an acceptable amount of capital for a potential 100% return investment?

I will leave the final decision to you.

19 posts

Posted by justinwee87 > Apr 13, 2021 12:50 PM | Report Abuse


19 posts

Posted by justinwee87 > Apr 13, 2021 12:50 PM | Report Abuse

This is the article source by the way

54 posts

Posted by winetime > Apr 13, 2021 1:03 PM | Report Abuse

My concern is not only Solar now!
Renewable Energy - the NEXT big thing going to be.

32 posts

Posted by ucrst2140q > Apr 13, 2021 3:45 PM | Report Abuse

Regarding about the Start article, more renewable energy is always a good thing, with good approach & regulation, I strongly believe solar energy is the future

32 posts

Posted by ucrst2140q > Apr 13, 2021 3:49 PM | Report Abuse

Once the roadblock of this RTO is cleared, expect big turnaround from PEB

256 posts

Posted by caonima > Apr 30, 2021 8:07 PM | Report Abuse

holland qr

452 posts

Posted by terence775 > May 2, 2021 7:14 PM | Report Abuse

what did you expect? the company has no ongoing businesses LOL

452 posts

Posted by terence775 > May 2, 2021 7:18 PM | Report Abuse

If you buy expecting the QR to show anything I really don't know what to say.

51 posts

Posted by Azshah > May 6, 2021 9:48 AM | Report Abuse

why so quiet this forum ?. Now PEB RM1.50, for those who are so bullish, talking as if reNikola is the next slice bread should buy more. But seems like no buying action.

51 posts

Posted by Azshah > May 6, 2021 9:49 AM | Report Abuse

I would buy at RM1.50, I think is good value

452 posts

Posted by terence775 > May 10, 2021 2:09 PM | Report Abuse

Alamak, cannot every 5sen drop buy 100 lot right hahaa

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