Movement restrictions likely to delay Cypark solar projects

CGS-CIMB Research has cut its forecast on Cypark’s earnings per share for the financial year 2021 (FY21) and FY22 to adjust for the company’s enlarged share base due to private placement, lower interest cost and delayed commercial operation date (COD) for the Large-Scale Solar 2 (LSS2), LSS 3 and waste-to-energy plants.

PETALING JAYA: The recent movement restrictions to curb the spread of Covid-19 infections could see a delay in Cypark Resources Bhd’s solar plant projects.

CGS-CIMB Research has cut its forecast on Cypark’s earnings per share for the financial year 2021 (FY21) and FY22 to adjust for the company’s enlarged share base due to private placement, lower interest cost and delayed commercial operation date (COD) for the Large-Scale Solar 2 (LSS2), LSS 3 and waste-to-energy plants.