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Is very simple, how can the largest solar farm fake their assets ? quite impossible right ? I mean there are simple drone shots these days to match asset and liabilities.
1.They have debt up to RM1B, it matches their LSS’s and WTE.
2.They have cash of RM298Mil.
3.They have acc receivables of RM192Mil, which is common being a turnkey contractor and their concession is 20 to 25years with IRR above 15% and their #1 pay master TNB.
Don’t understand how junior league investors don’t do research before comparing it to Serba. LOL.
Audit their farm via aerial view:
See msg circulating , Cypark bringing institutional and media to site on 17 June(wte, negeri sembilan) and 24th june(LSS2, Kelantan). Good lock bois. ki ki ki
With Msia policy pushing for more green energy. I believe their projects are real and solid. But what I don't understand is that why would a cat eats a whale!? Management should instead share the JV with some cash rich companies. Their high debt had clearly eating into their profit margin, heading into high risk as inflation soar. Now it had become the target for the short sellers. This is a lesson learned for the management. If swift actions not taken, SapEnergy is what this company heading to!
