Latest contract: Cypark’s renewable energy park in Nilai. Cypark has secured a contract in November from the Energy Commission to build a large-scale solar PV plant at Empangan Terip, Negri Sembilan.
KUALA LUMPUR: CIMB Equities Research continues to like Cypark Resources Bhd
for its cheap valuation and has raised its sum-of-parts based target price to RM2.95 as it rolled over its valuation to financial year 2019 (FY19).
The research house said that at only 8.3 times forecast FY18 price-to-earnings (P/E) currently, the stock is the cheapest utility stock under its coverage.
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