14th September 2011
Top Story: Cypark – An accidental masterstroke turning landfills into solar goldmines Not Rated
Visit Note
¨ Cypark's original core business of landfill rehabilitation puts it in a very favourable position to gain access to the rehabilitated landfills that make perfect sites for solar farming.
Corporate Highlights
Lion Industries: Potential spillover effect from Megasteel's financial difficulty Underperform (from TB)
Company Update
¨ LionCorp's subsidiary Megasteel is not in the best of shape owing to internal weaknesses, weak demand in the flat steel market and high raw material costs. Not helping either is its highly-geared balance sheet.
Parkson: Could Parkson be affected by its parents' problems? Outperform
Company Update
¨ We understand that Parkson's major shareholder, LionCorp, is currently not in best of shape financially due to of its subsidiary, Megasteel.
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