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2,246 comment(s). Last comment by shavemyfurm at Jul 10, 2021 5:53 PM
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pang72
44087 posts

Posted by pang72 > Feb 25, 2021 10:20 AM | Report Abuse

The future is green energy.
You can choose Semicon for ev car, MPI, unisem, Inari and d&o

The next one is solar like PEB, samaiden, kpower, cypark or solar vest...


troy88
1015 posts

Posted by troy88 > Feb 25, 2021 10:33 AM | Report Abuse

Even Tesla is investing big in Solar. Many people only think they are EV but they are in renewable energy and making innovations in solar technology.


pang72
44087 posts

Posted by pang72 > Feb 25, 2021 10:38 AM | Report Abuse

troy88 Even Tesla is investing big in Solar. Many people only think they are EV but they are in renewable energy and making innovations in solar technology.
25/02/2021 10:33 AM

THANKS TROY88..
YOU HAVE GOOD FORESIGHT!
HOPE OUR GREEN ENERGY THEME STOCK MULTIBUGGER IN 2021!


cg14134
428 posts

Posted by cg14134 > Feb 25, 2021 10:59 AM | Report Abuse

The key consideration for the stock now is the corporate finance angle: What is the price paid for the solar assets? This will decide how many shares are issued and the degree of dilution.

Only after the above is fixed can one then estimate the per share valuation incorporating all the fundamental attributes.


cg14134
428 posts

Posted by cg14134 > Feb 25, 2021 11:27 AM | Report Abuse

Eg. Assuming DCF valuation of the Solar assets is RM1b, but the negotiated injection price is RM2b, which requires share issuance of 2b/1.07 = 1.869b sh.

Enlarged number of sh = 0.069 (existing no. of sh) + 1.869 = 1.938b,

Assuming market eventually reflects the true DCF valuations,

Value of PEB = (1.02*69.125)*0.001 + 1 = RM1.07b

Per sh value = 1.07/1.938 = RM0.552


However, if the negotiated injection px is RM0.5b, which requires sh issuance of 0.5/1.07 = 0.467b sh, then value of PEB = (1.02*69.125)*0.001 + 1 = RM1.07b, same as above as we assume that market eventually reflects the true DCF valuations,

Per sh value = 1.07/0.467 = RM2.29.


BullCT
30 posts

Posted by BullCT > Feb 25, 2021 11:31 AM | Report Abuse

Cash rich company, rm4.5 at least


cg14134
428 posts

Posted by cg14134 > Feb 25, 2021 11:49 AM | Report Abuse

If negotiated injection px is RM0.1b, ceteris paribus,

share issuance of 0.1b/1.07 = 0.093458b sh, so Enlarged number of sh = 0.069 (existing no. of sh) + 0.093458 = 0.16246b,

value of PEB = (1.02*69.125)*0.001 + 1 = RM1.07b, same as above as we assume that market eventually reflects the true DCF valuations,

Per sh value = 1.07/0.16246 = RM6.59!, but the shareholder of reNikola needs to be so kind hearted that he is going to inject an asset worth RM1b for RM0.1b.


SarifahSelinder
3491 posts

Posted by SarifahSelinder > Feb 25, 2021 12:04 PM | Report Abuse

cg14134

U kena pay Sharifah copyright fee

U r using Sarifah materials


cg14134
428 posts

Posted by cg14134 > Feb 25, 2021 12:05 PM | Report Abuse

Sorry I infringe your copyright! Minta maaf....


cg14134
428 posts

Posted by cg14134 > Feb 25, 2021 12:06 PM | Report Abuse

Thought I run some numbers for clearer illustration.


SarifahSelinder
3491 posts

Posted by SarifahSelinder > Feb 25, 2021 12:27 PM | Report Abuse

Ok

Kan kata orang Imitation is the biggest flattery

Dan u faham selok belok nya same cannot b said for the others


ET8888
17 posts

Posted by ET8888 > Feb 25, 2021 2:43 PM | Report Abuse

cg14134. means it is good to enter now for rm2.29?


cg14134
428 posts

Posted by cg14134 > Feb 25, 2021 3:28 PM | Report Abuse

No unless current owner of reNikola is willing to give u a super big Ang Pow. I think many speculators wrongly compare PEB to Toyoink, which does not involve asset injection to be satisfied by share issuance.


cg14134
428 posts

Posted by cg14134 > Feb 25, 2021 3:30 PM | Report Abuse

One has to study terms of deal carefully when speculating on asset injection.


cg14134
428 posts

Posted by cg14134 > Feb 25, 2021 3:38 PM | Report Abuse

The RM2.29 valuation is based on the assumption that current owners of reNikola are willing to inject their solar assets at half of their values, possible but not probable in my humble opinion.


xetambaya
34 posts

Posted by xetambaya > Feb 25, 2021 4:52 PM | Report Abuse

manage to snag some ticket, hope to reap some profit hehehe


winetime
60 posts

Posted by winetime > Feb 25, 2021 5:03 PM | Report Abuse

I think the most attractive point is TNB, which can lead PEB to the next level play.


uemcapital
25 posts

Posted by uemcapital > Feb 25, 2021 5:03 PM | Report Abuse

Drop so little, I want collect more. Common


xetambaya
34 posts

Posted by xetambaya > Feb 25, 2021 5:05 PM | Report Abuse

moving to RM 4.00 soon, lets go PEB


xetambaya
34 posts

Posted by xetambaya > Feb 25, 2021 5:08 PM | Report Abuse

definitely a sweet deal with TNB, try collect more tmr, got chance to get below RM 1.9


winetime
60 posts

Posted by winetime > Feb 25, 2021 5:11 PM | Report Abuse

Malaysia is slightly delay for the green tech.

Alibaba and Amazon which had spend a lot to invest in green energy in the past and now.

Compare the green tech stock, The most solid I guess is only PEB and cypark.

Solarvest will follow up to spike due to the trend.


uemcapital
25 posts

Posted by uemcapital > Feb 25, 2021 5:15 PM | Report Abuse

At least need to stand still at RM 1.90 only can fly high again. Next short term tp i think possibility drop at 2.2 and go up again.


xetambaya
34 posts

Posted by xetambaya > Feb 25, 2021 5:17 PM | Report Abuse

slightly delay mean there's still alot of room for growth and potential, and PEB got the big potential right now


paulthesotong
1503 posts

Posted by paulthesotong > Feb 25, 2021 5:23 PM | Report Abuse

The first two solar plants were bought on last December 2020..Why so fast inject to PEB?


BullCT
30 posts

Posted by BullCT > Feb 25, 2021 5:32 PM | Report Abuse

Sapu all below 1.9


COW666
135 posts

Posted by COW666 > Feb 26, 2021 12:50 PM | Report Abuse

Apa macam? Tak sapu ke jualan murah?


bullstudent
552 posts

Posted by bullstudent > Feb 26, 2021 2:20 PM | Report Abuse

Sapu


xetambaya
34 posts

Posted by xetambaya > Feb 26, 2021 3:48 PM | Report Abuse

sapu la, wait what, cheap af


Kc1154
191 posts

Posted by Kc1154 > Feb 26, 2021 4:04 PM | Report Abuse

Wa amacam? Ari tu limit up 2 Kali sampai no seller. Krg murah murah pulak


winetime
60 posts

Posted by winetime > Feb 27, 2021 1:52 AM | Report Abuse

Market sentiment offer. Terbaik counter, Sapu sapu !!!


winetime
60 posts

Posted by winetime > Feb 27, 2021 1:53 AM | Report Abuse

See Monday how, if drop again, top up again


Rinshad26
32 posts

Posted by Rinshad26 > Feb 27, 2021 3:14 AM | Report Abuse

topup if drop again next week.


The St. Goreng
1074 posts

Posted by The St. Goreng > Feb 27, 2021 2:26 PM | Report Abuse

https://www.thestar.com.my/business/business-news/2021/02/27/a-pure-renewable-energy-firm-emerges


Goldberg
2244 posts

Posted by Goldberg > Feb 27, 2021 3:40 PM | Report Abuse

A Pure Renewable Energy Firm Emerges
----------------------------------------------
By RISEN JAYASEELAN
CORPORATE NEWS
Saturday, 27 Feb 2021


A corporate exercise quietly announced a week ago seems to have gotten the notice of some investors.

So why the excitement?

It is likely to do with the fact that PEB is morphing into a pure play renewable energy company, a move which sits well with the global push towards environmental goals. Another reason could be the presence of seasoned corporate personality Lim Beng Guan as the new major shareholder of PEB.

The reNIKOLA group of companies, no doubt borrowing the name from the scientist known for designing the alternating-current electric system, boasts of having a portfolio totalling 418 megawatt peak (MWp) capacity of solar assets, across four sites in Kedah, Pahang and Perlis. That would make it the largest listed solar operator on Bursa Malaysia.

He subsequently turned his attention to renewable energy and then founded RE Gebeng Sdn Bhd, a solar photovoltaic developer company in 2015 and was instrumental in the successful implementation of its 38MWp solar project in Pahang, which is now part of reNIKOLA.

It’s big plant, a 330MWp in Bukit Kayu Hitam in Kedah is the one which will boost the group’s total capacity to 418 MWp.

So at what stage is the 330MWp plant?

Adel explains that the Bukit Kayu Hitam (330MWp) solar plant will be under a corporate power purchase agreement (PPA), where it sells electricity directly to large corporates, using the power grids of Tenaga Nasional Bhd. This will be the first such arrangement in the country.

“These tripartite agreements are common in developed countries, ” says Adel.
Our mid-term target of 1GWp is achievable as we have all the necessary expertise to grow our business, be it organically or through acquisitions, ” he adds.

He says that reNIKOLA is better described as a renewable energy producer and not just a solar player.

While PEB’s plans are interesting, its prospects are a work in progress.

For starters, the valuation of reNIKOLA will determine how many new shares of PEB are issued and its ensuing dilutive impact, considering PEB’s current market capitalisation of just under RM130mil.

On a positive note, none of reNIKOLA shareholders are “cashing out”, says Adel.

He also points out that their solar plants are profitable, with EBITDA (earnings before interest, ta


Goldberg
2244 posts

Posted by Goldberg > Feb 28, 2021 9:39 PM | Report Abuse

So what is the valuation for PEB now?

PEB is currently trading at MYR 124.0 Million while outperforming the industrial leader CYPARK. As for as our forensic studies into the sector, CYPARK, due to its unique customer based had faced a cash flow problem since 2017. SLVEST and SAMAIDEN are EPCC player and not in the game. So, how would you value PEB? I believe a bare minimum of MYR 500.0 Million should be given to PEB, which is equivalent to 4 times of the current price of PEB!



If you think it is impossible, just look at the Number of Shares Outstanding (“NOSH”) of PEB. Currently PEB has 69.0 Million NOSH in market and approximately 40% has been taken up by the new substantial shareholder. That means there are only 60% left in the market.



With this 60%, some fund managers are aggressively buying upon the announcement. Hence why PEB could limit up for 2 consecutive days previously!



I believe it is not too late to invest in PEB now, given the valuation comparison as well as the future prospects of the RE sector. The company had already operating a larger MWp solar plant base than CYPARK.



Hopefully, I would see you again when PEB reaches MYR 5.00!


Goldberg
2244 posts

Posted by Goldberg > Feb 28, 2021 9:40 PM | Report Abuse

https://klse.i3investor.com/blogs/isolargem/2021-02-28-story-h1541944543-PEB_5622_The_True_Solar_Player_in_Town.jsp


Goldberg
2244 posts

Posted by Goldberg > Feb 28, 2021 9:44 PM | Report Abuse

Valuation Game

Based on the annual report for financial year end 2020 October, it was noted that CYPARK is currently operating its own 47.17 MWp of solar plants currently. The company is targeting to hit 217.0 MWp by 2021 under their EPCC segment. The current market capitalization of CYPARK is approximately MYR 722.0 Million.

Under SLVEST, the company has 4 key segments; namely the EPCC of solar energy solution, O&M of solar energy system, sale of electricity through solar energy and “others”. Technically, O&M and sale of electricity are similar, and we can see the inter-segment revenue crossed between them. Based on SLVEST’s annual report for financial year end 2020 March, the company had only owned a 1 MWp solar PV plant. Most of SLVEST’s revenue comes from EPCC segment and SLVEST’s market capitalization is currently approximately MYR 989.0 Million.

Lastly, SAMAIDEN had 3 segments. Namely EPCC services, RE and Environmental Consulting Services and O&M Services. Like SLVEST, a big chunk of revenue of SAMAIDEN comes from EPCC sector and minimal revenue and profit were contributed from O&M services. The company plans to invest in a 12 MW solar PV power plant but had not integrated into the company yet, and under their IPO plans, the management had also shared their interest in biogas/biomass plant. As of now, the market capitalization of SAMAIDEN stands at approximately MYR 361.0 Million.

Based on the studies we did above, the closest peer for PEB, or reNIKOLA in the future should be CYPARK alone. SLVEST and SAMAIDEN are not matured in operating their own solar PV farm, and they are specialized in EPCC, which means they are more focused in the contract basis business.

I would also like to share some knowledge about these solar PV plants. We had mentioned MWp, which stands for Megawatt-Peak of the solar PV plant output, which is under the ideal situation of maximum scenario. However, a more conservative measurement would be Megawatt of AC Power (“MWac”), which is measured upon the direct current generated from the solar panels and converted via inverters. As of now, reNIKOLA is operating an existing total capacity of 64 MWac. If we were to convert it into MWp, the industry norm would be around 1.2 times, which means PEB has a total capacity of 76.8 MWp of solar PV plant in operation!

It is also worth to note that reNIKOLA, under its subsidiary of RE Gebeng BKH Sdn. Bhd. is in the midst to design and construct a plant with capacity of approximately 250 MWac. In short, the total MWac of the company would be 314 MWac, or at least 376.8 MWp.


fscprops
32 posts

Posted by fscprops > Feb 28, 2021 10:17 PM | Report Abuse

Valuation game eh? Very informative and good analyst, see u guys at RM 5!


King18Wn
44 posts

Posted by King18Wn > Mar 1, 2021 7:16 AM | Report Abuse

How much is the revenue of this reNIKOLA will generate per year and dividend yield return to SHAREHOLDERS? the mandatory offer is RM1. 07....why is this share up so high more than the par of RM1.11 and its mandatory offer price ya?


bullstudent
552 posts

Posted by bullstudent > Mar 1, 2021 9:51 AM | Report Abuse

Solar asset injection.. green energy rocket up gogo


Goldberg
2244 posts

Posted by Goldberg > Mar 1, 2021 9:51 AM | Report Abuse

With this 60%, some fund managers are aggressively buying upon the announcement. Hence why PEB could limit up for 2 consecutive days previously!

I believe it is not too late to invest in PEB now, given the valuation comparison as well as the future prospects of the RE sector. The company had already operating a larger MWp solar plant base than CYPARK.

Hopefully, I would see you again when PEB reaches MYR 5.00!


troy88
1015 posts

Posted by troy88 > Mar 1, 2021 9:58 AM | Report Abuse

Nice bounce back today. Very good potential for the future..


investorbat
978 posts

Posted by investorbat > Mar 1, 2021 11:00 AM | Report Abuse

high volume today,break 2.19 and lu?


kentrade888
1348 posts

Posted by kentrade888 > Mar 1, 2021 12:05 PM | Report Abuse

https://www.theedgemarkets.com/article/johor-set-become-leading-solar-power-producer-southeast-asia

Johor set to become leading solar power producer in Southeast Asia
Bernama
/
Bernama

February 28, 2021 20:39 pm +08

Sultan Ibrahim Ibni Almarhum Sultan Iskandar
Sultan Ibrahim Ibni Almarhum Sultan Iskandar

-A+A
JOHOR BAHRU (Feb 28): Johor is set to become a major producer of eco-friendly energy in Southeast Asia with the opening of a solar power park in Pengerang, Kota Tinggi worth RM1.4 billion.

Sultan Ibrahim Solar Park will be the biggest of its kind in the region with a capacity of 450 megawatts, according to Sultan Of Johor, Sultan Ibrahim Ibni Almarhum Sultan Iskandar, here today.

He said the solar park, which is the first large-scale private investment project secured by the state for 2021, came from his efforts to encourage investment and economic development for the people and Johor.According to Sultan Ibrahim, the project is also in line with the Johor Sustainable Development Plan 2030, which prioritises environmental sustainability in the development of the economy and prosperity of the people.

He added that the project will not only have an impact on the state's economy; there will be job opportunities for various levels too, as it will become the largest solar power storage system in the region when fully operational by 2023.

The project will not only boost economic growth but also place Johor as a leading renewable energy producer internationally, he told the Royal Press Office via his official Facebook page.

"We are thankful that Johor is among the states that are blessed with high solar irradiance. It's about time we explore this resource to improve power generation capacity and contribute to the production of renewable energy," he said.

Sultan Ibrahim is expected to grace the ground-breaking for the solar park on March 23, at the project site in Pengerang.


kentrade888
1348 posts

Posted by kentrade888 > Mar 1, 2021 12:16 PM | Report Abuse

The price of limit up today is RM2.34.


bullstudent
552 posts

Posted by bullstudent > Mar 1, 2021 3:17 PM | Report Abuse

RM 4 short term


uemcapital
25 posts

Posted by uemcapital > Mar 1, 2021 3:27 PM | Report Abuse

Huat huat solar counter. Time will reward to the investor !

For FA player, try study a bit, You guys will know how undervalued is this stock.


troy88
1015 posts

Posted by troy88 > Mar 1, 2021 3:29 PM | Report Abuse

PEB has potential to be Kpower in the making. Short term, long term all gain. Long term will gain much more..


kentrade888
1348 posts

Posted by kentrade888 > Mar 1, 2021 3:31 PM | Report Abuse

It will limit up before the market closes.


winetime
60 posts

Posted by winetime > Mar 1, 2021 3:36 PM | Report Abuse

hahhahaha..... My collect point is good, whole month can have my WINETIME aldi....

Thank you PEB, that day average up a bit, Still heng ong huat.

Risingstar of the year- PEB !

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