Latest news with #SPK
The Sun
28-05-2025
- Business
- The Sun
Sarawak approves 82 resettlement projects
KUCHING: A total of 82 projects under the Resettlement Scheme (SPS) and Village Expansion Scheme (SPK) have been approved as of April 30 under the 12th Malaysia Plan (12MP) and the People's Project, said Sarawak Deputy Premier Datuk Amar Awang Tengah Ali Hasan. He said the overall project provides a total of 7,932 housing lots with an estimated cost of RM1.5 billion. 'Of the total, 25 projects are completed while the implementation of the remaining 57 projects will continue until the end of the 12MP and in the 13MP,' he said when winding up on behalf of the Ministry of Natural Resources and Urban Development at the State Assembly here today. Awang Tengah, who is also the Second Minister of Natural Resources and Urban Development, said that since 2018, infrastructure development for the scheme has been implemented with new specifications involving the construction of, among others, paved roads, concrete drains and water and electricity supply reticulation systems, involving an average cost of RM150,000 per lot. 'However, taking the people's welfare into consideration, the government has set the land premium payment at no more than RM2,500, which can be paid in annual instalments for up to 10 years,' he said.
Barnama
28-05-2025
- Business
- Barnama
Sarawak Govt Approves 82 SPS, SPK Projects Under 12MP
KUCHING, May 28 28 Mei (Bernama) -- A total of 82 projects under the Resettlement Scheme (SPS) and Village Expansion Scheme (SPK) have been approved as of April 30 under the 12th Malaysia Plan (12MP) and the People's Project, said Sarawak Deputy Premier Datuk Amar Awang Tengah Ali Hasan. He said the overall project provides a total of 7,932 housing lots with an estimated cost of RM1.5 billion. "Of the total, 25 projects are completed while the implementation of the remaining 57 projects will continue until the end of the 12MP and in the 13MP,' he said when winding up on behalf of the Ministry of Natural Resources and Urban Development at the State Assembly here today.
Yahoo
08-05-2025
- Business
- Yahoo
Spark New Zealand (NZSE:SPK) earnings and shareholder returns have been trending downwards for the last three years, but the stock climbs 3.4% this past week
For many investors, the main point of stock picking is to generate higher returns than the overall market. But in any portfolio, there are likely to be some stocks that fall short of that benchmark. Unfortunately, that's been the case for longer term Spark New Zealand Limited (NZSE:SPK) shareholders, since the share price is down 55% in the last three years, falling well short of the market decline of around 9.4%. The more recent news is of little comfort, with the share price down 50% in a year. Furthermore, it's down 26% in about a quarter. That's not much fun for holders. The recent uptick of 3.4% could be a positive sign of things to come, so let's take a look at historical fundamentals. Our free stock report includes 4 warning signs investors should be aware of before investing in Spark New Zealand. Read for free now. While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. Spark New Zealand saw its EPS decline at a compound rate of 23% per year, over the last three years. So do you think it's a coincidence that the share price has dropped 23% per year, a very similar rate to the EPS? We don't. So it seems that investor expectations of the company are staying pretty steady, despite the disappointment. It seems like the share price is reflecting the declining earnings per share. The image below shows how EPS has tracked over time (if you click on the image you can see greater detail). NZSE:SPK Earnings Per Share Growth May 8th 2025 It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. That said, we think earnings and revenue growth trends are even more important factors to consider. This free interactive report on Spark New Zealand's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further. What About Dividends? When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Spark New Zealand, it has a TSR of -43% for the last 3 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return.
Saudi Gazette
07-05-2025
- Business
- Saudi Gazette
Saudi Museums Commission and Germany's SPK launch executive program to boost museum collaboration
RIYADH — The Saudi Museums Commission and Germany's Prussian Cultural Heritage Foundation (SPK) have activated an Executive Program to deepen long-term cooperation across the museum sector, marking a major milestone in bilateral cultural collaboration. The program includes the creation of a loan index featuring selected artworks and artifacts from SPK's Berlin-based museums to be shared with the Museums Commission over a five-year period. It also covers joint exhibitions in art and archaeology, strategic cultural initiatives, and capacity-building through training and residencies. A key feature of the partnership is Museums in Motion, a flagship initiative set to unite up to 80 cultural professionals from both nations through four interdisciplinary training sessions held in Saudi Arabia and Germany. The program aims to foster professional exchange and long-term institutional partnerships. Additionally, a secondment initiative with Berlin's Hamburger Bahnhof – Nationalgalerie der Gegenwart will support Saudi talent development in museum management and curation. Over five years, SPK experts will provide training, mentorship, and collaborative knowledge-sharing. — SG
Yahoo
23-04-2025
- Business
- Yahoo
Are Investors Undervaluing Spark New Zealand Limited (NZSE:SPK) By 46%?
The projected fair value for Spark New Zealand is NZ$3.86 based on 2 Stage Free Cash Flow to Equity Spark New Zealand is estimated to be 46% undervalued based on current share price of NZ$2.07 Analyst price target for SPK is NZ$2.96 which is 23% below our fair value estimate How far off is Spark New Zealand Limited (NZSE:SPK) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by taking the expected future cash flows and discounting them to their present value. One way to achieve this is by employing the Discounted Cash Flow (DCF) model. Before you think you won't be able to understand it, just read on! It's actually much less complex than you'd imagine. Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Levered FCF (NZ$, Millions) NZ$407.0m NZ$331.2m NZ$307.5m NZ$331.5m NZ$300.1m NZ$298.3m NZ$299.9m NZ$303.9m NZ$309.5m NZ$316.5m Growth Rate Estimate Source Analyst x3 Analyst x3 Analyst x3 Analyst x2 Analyst x2 Est @ -0.58% Est @ 0.54% Est @ 1.32% Est @ 1.87% Est @ 2.25% Present Value (NZ$, Millions) Discounted @ 6.6% NZ$382 NZ$291 NZ$254 NZ$257 NZ$218 NZ$203 NZ$192 NZ$182 NZ$174 NZ$167 ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = NZ$2.3b After calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 3.2%. We discount the terminal cash flows to today's value at a cost of equity of 6.6%. Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = NZ$317m× (1 + 3.2%) ÷ (6.6%– 3.2%) = NZ$9.4b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= NZ$9.4b÷ ( 1 + 6.6%)10= NZ$5.0b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is NZ$7.3b. To get the intrinsic value per share, we divide this by the total number of shares outstanding. Relative to the current share price of NZ$2.1, the company appears quite undervalued at a 46% discount to where the stock price trades currently. Remember though, that this is just an approximate valuation, and like any complex formula - garbage in, garbage out. The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Spark New Zealand as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 6.6%, which is based on a levered beta of 0.800. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. See our latest analysis for Spark New Zealand Strength Debt is well covered by earnings and cashflows. Dividend is in the top 25% of dividend payers in the market. Weakness Earnings declined over the past year. Opportunity Annual earnings are forecast to grow for the next 3 years. Trading below our estimate of fair value by more than 20%. Significant insider buying over the past 3 months. Threat Dividends are not covered by earnings and cashflows. Annual earnings are forecast to grow slower than the New Zealander market. Whilst important, the DCF calculation is only one of many factors that you need to assess for a company. It's not possible to obtain a foolproof valuation with a DCF model. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. Why is the intrinsic value higher than the current share price? For Spark New Zealand, there are three important aspects you should further research: Risks: Consider for instance, the ever-present spectre of investment risk. We've identified 4 warning signs with Spark New Zealand (at least 1 which shouldn't be ignored) , and understanding them should be part of your investment process. Management:Have insiders been ramping up their shares to take advantage of the market's sentiment for SPK's future outlook? Check out our management and board analysis with insights on CEO compensation and governance factors. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the NZSE every day. If you want to find the calculation for other stocks just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
