KUALA LUMPUR: CIMB Equities Research remains bullish about Cypark’s long-term earnings growth potential as it is a beneficiary of the government’s plan to develop the renewable energy (RE) industry in Malaysia.
It said on Thursday Cypark is building a waste-to-energy project in Ladang Tanah Merah (LTM). Once the project is completed in 2017, Cypark should be able to generate recurring revenue of RM80mil annually from the project.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
