cookiemiloUK and the world is digesting the BREXIT. It seems imminent that they are heading out. But after 5 days, the UK ppl and the world understand that this cannot be avoided and both side will be at the losing end, if the EU being harsh on UK for new trade deals. However it seems that UK will now have more flexibility in its policies after invoke the Article 50 since they are independent to make their own without interference of all EU. YTL announce they are looking at new buys on utilities property. I see share price has gone up to 1.41 today. In every market, strong or weak, there is always an opportunity to make money. It is whether the captain of the ship knows where to steer. Seems like YTL knows his stuff. What purchase made within the 2 years gap is much to be seen but that guy is just genius in making money.
Hopefully YTL Power can get back to its former glory.
newbie81I don't understand why power seraya pretax profit are declining more than 90% vs last year
newbie81Brexit is not a much concern for me as it was short term.where power seraya earnings are something we should have deep thoughts
newbie81Anyone got idea y power seraya pre-tax profit declined by 93% vs LY?
tansaukwanapparently what i heard was that due to intense competition. Singapore got no such thing as PPA like Malaysia. It seems that they need to bid in the market to supply electricity to the grid and if the Singapore Power bid then it will translate to revenue, if not the power plant is just running with wastage. But I believe this quarter should be higher earnings for Power Seraya as from Apr to June, 2 out of 3 months is freaking hot weather, I'm sure electricity usage increased at that period but moving forward, i guess it is up to the management to secure more bids and also depending on the weather factor. It would be a bonus if Power Seraya can improve as the market price now has already taken into consideration the poor performance of Power Seraya.