Dear Friends
Petronas has indicated that Upcoming Capex will go to Clean Green Energy - Especially Solar Power.
As such we look at these 4 Green Energy Companies: Kpower, Solarvest, Samaiden & Pekat
Petronas to spend up to RM45b in capex over next five years, says CEO
KUALA LUMPUR (Feb 26): Petroliam Nasional Bhd (Petronas) is expecting to spend between RM40 billion and RM45 billion in annual capital expenditure (capex) over the next five years, based on its projection of oil prices and outlook on the industry.
Petronas plans to spend 55% of the annual capex allocation on domestic investments, with the remainder on international investments, according to president and CEO Tengku Muhammad Taufik Aziz.
Some 9% of its annual capex will be allocated to new energy initiatives, he said, which is almost double the previous 5% allocation set in 2020.
From above we SEE Petronas almost double its capex for new energy from 5% to 9%
1) KPOWER
SUMMARY OF KEY FINANCIAL INFORMATION
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|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
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30 Jun 2021
|
30 Jun 2020
|
30 Jun 2021
|
30 Jun 2020
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
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||
| 1 | Revenue |
101,305
|
39,361
|
386,091
|
95,843
|
| 2 | Profit/(loss) before tax |
8,407
|
10,114
|
51,402
|
17,906
|
| 3 | Profit/(loss) for the period |
6,613
|
7,308
|
38,234
|
12,776
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
5,919
|
7,312
|
37,463
|
12,786
|
| 5 | Basic earnings/(loss) per share (Subunit) |
1.74
|
1.75
|
8.28
|
3.06
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.3100
|
0.250
|
||
KPOWER this Qtr profit is 1.74
Annualised 1.74x 4 = 6.96 sen
Current price is 69 sen
P/E is 69/6.96 = 9.9
For a fast growing Clean Energy Company a P/E below 10 in single digit is considered undemanding
Plus Kpower Net Cash remains at Rm104 Millions & receivables have shrunk from Rm183.6 millions last qtr to Rm149.7 Millions or Rm33.9 Millions debts collected.
Payables also shrunk from rM131.7 Millions to Rm97.4 Millions or LESS Rm34.3 Millions
THIS SHOWS THAT CASH FLOW IS SOUND & BALANCE SHEET IS ALSO SOUND
AT 69 SEN WITH NAV AT 31 SEN KPOWER IS SELLING AT 2.22 TIMES PRICE TO BOOK VALUE
2) SOLARVEST
SUMMARY OF KEY FINANCIAL INFORMATION
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|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Mar 2021
|
31 Mar 2020
|
31 Mar 2021
|
31 Mar 2020
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
63,161
|
51,350
|
224,287
|
253,434
|
| 2 | Profit/(loss) before tax |
8,534
|
2,845
|
22,691
|
16,485
|
| 3 | Profit/(loss) for the period |
6,279
|
3,873
|
16,439
|
15,976
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
6,298
|
3,814
|
16,139
|
15,665
|
| 5 | Basic earnings/(loss) per share (Subunit) |
1.42
|
0.98
|
3.97
|
6.28
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
1.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.2100
|
0.2100
|
||
NOTE; SOLARVEST HAS YET TO REPORT ITS AUG 2021 RESULTS
MAY QTR earns 1.42 sen
Annualised 1.42 X 4 = 5.68 sen
Current price Rm1.30
P/E 130/5.68
= 22.88 (MORE THAN DOUBLE THAT OF KPOWER)
NAV IS 21 SEN
SOLARVEST AT RM1.30 IS SELLING AT 6.19 TIMES BOOK VALUE
3) SAMAIDEN
SUMMARY OF KEY FINANCIAL INFORMATION
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|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Mar 2021
|
31 Mar 2020
|
31 Mar 2021
|
31 Mar 2020
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
9,031
|
0
|
28,287
|
0
|
| 2 | Profit/(loss) before tax |
1,602
|
0
|
5,714
|
0
|
| 3 | Profit/(loss) for the period |
1,071
|
0
|
4,169
|
0
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
1,073
|
0
|
4,172
|
0
|
| 5 | Basic earnings/(loss) per share (Subunit) |
0.58
|
0.00
|
2.24
|
0.00
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.2238
|
0.0000
|
||
SAMAIDEN HAS NOT GIVEN ITS LATEST RESULT FOR AUGUST 2021
MAY 21 RESULT SAMAIDEN EARNS 0.58 SEN
ANNUALISED 0.58X 4 = 2.32 SEN
CURRENT PRICE IS RM1.16
P/E = 116/2.32
= 50
NAV IS 22 SEN
AT RM1.16 SAMAIDEN IS SELLING AT 5.27 TIMES BOOK VALUE
4) PEKAT
SUMMARY OF KEY FINANCIAL INFORMATION
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|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
30 Jun 2021
|
30 Jun 2020
|
30 Jun 2021
|
30 Jun 2020
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
40,055
|
0
|
81,716
|
0
|
| 2 | Profit/(loss) before tax |
1,477
|
0
|
7,392
|
0
|
| 3 | Profit/(loss) for the period |
1,017
|
0
|
5,513
|
0
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
1,043
|
0
|
5,587
|
0
|
| 5 | Basic earnings/(loss) per share (Subunit) |
0.20
|
0.00
|
1.09
|
0.00
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
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AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.1700
|
0.1000
|
||
PEKAT EARNS 0.2 SEN THIS QTR
ANNUALISED 0.2X4 = 0.8 SEN
AT 73.5 SEN
P/E IS 73.5/0.8
= 91.87
AT THIS RATE IT WILL TAKE 91.87 YEARS TO DOUBLE YOUR MONEY
BETTER PUT YOUR MONEY IN BANK FD AT 1.75%
SEE 100/1.75
= 57.14 P/E
IT WILL TAKE 57.14 YEARS TO DOUBLE YOU MONEY WITH BANK INT AT 1.75%
PEKAT NAV 17 SEN AND AT 73.5 SEN IT IS SELLING AT 4.32 TIMES BOOK VALUE
AS WE CAN SEE FROM THE ABOVE EXAMPLES KPOWER BEATS ALL OTHERS HANDS DOWN
KINDEST REGARDS
Calvin Tan
Please buy or sell after doing your own due diligence or consult your remisier/fund manager
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2021-09-25-story-h1571731612-KPOWER_SOLARVEST_SAMAIDEN_PEKAT_Compare_Contrast_their_Prices_Earnings_.jsp
