The sun shines on Cypark

Growth prospects: UOB Kay Hian Research reckons Cypark has growth prospects now that it has transitioned from short-term contracts that are susceptible to economic cycles to concession-related activities.

FOR a company that is heavily loaded with debts due to the nature of its business, Cypark Resources Bhd is starting to see some upside since its transition from short-term contracts to concession-related activities.

This, according to analysts, will be mostly driven by the company’s Ladang Tanah Merah waste-to-energy (LTM WTE) 25 MW power plant in Negeri Sembilan and large scale solar (LSS) contract wins.