Friday, September 28, 2012

Cypark

Cypark just announced it current quarter financial result. As usual I eat my own cooking. Long Cypark several weeks ago and add more few days ago. The P & L is good. The balance sheet is so so .... But the cash flow did pop my eyes. it is a pretty straight forward business. I land filled the solid waste. the land cant be used for any purpose. So it convert it into a solar panel fields. Sell/export the electricity to TNB. Of course the solar power is not the main business but its potential is huge. It is a capital incentive business ( solar power ). My mind won't troubled shall the cash flow is manageable to sustain this business model. but the current quarter cash flow is arrrrrrr...... It is a warning sign. Big one some more. Click the link to read the result. Check the cash flow. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1078329
Overall the business model is quite stable. Hmmm need some brain storming this coming weekend. Happy trading. I shall be beware of the post budget market too. Need to be cautious man ....