https://www.tradingview.com/x/X27JFOM8/
will RM2.00 strong support hold?

@KLV868 6742 YTLPOWR YTL POWER INTERNATIONAL
BERHAD 18,870,730 0.23 this is the net short position.
https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20230926.pdf?t=1695783681

in flow to utilities (RM197.0 million)

KUALA LUMPUR (Sept 25): Foreign buying of Malaysian equities swelled to RM550.9 million last week, which was 2.3 times higher than RM235.1 million the prior week.

In its weekly fund flow on Monday (Sept 25), MIDF Research said it was the highest net foreign inflow over the past eight weeks.

“They were net buyers every day last week, registering net purchases of over RM100 million daily except last Thursday (Sept 21) when the amount moderated to RM48.7 million after the Fed’s second skip of the year.


“The top three sectors that posted the highest net foreign inflows were utilities (RM197.0 million), transportation and logistics (RM110.1 million) and consumer products and services (RM72.8 million),” it said.


Meanwhile, MIDF said the only three sectors with net foreign outflows were industrial products and services (RM38.6 million), healthcare (RM37.5 million) and telecommunication and media (RM8.4 million).

The research house said that year-to-date, foreign investors have been net sellers, amounting to RM1.92 billion.

MIDF said local institutions maintained their net selling stance last week at RM472.5 million, which was the highest since a year ago during the week ended Aug 19, 2022 when they net sold RM675.9 million.

“They have been net sellers every day of the week, with a net selling streak of eight days.

“Year-to-date, local institutions have been net buyers totalling RM2.68 billion," it said.

MIDF said local retailers continued to net sell for the 11th straight week after disposing of RM78.4 million net last week.

It said the net selling trend has not been seen in recent years.

It said they net bought RM22.3 million last Thursday but were net sellers for the rest of the week.

“Year-to-date, retailers have net sold RM765.7 million.

“In terms of participation, there was a decrease in average daily trading volume (ADTV) among foreign investors by 39.9% last week while local retailers saw increase of 16.0% and local institutions registered a rise of 14.0%,” it said.

https://www.tradingview.com/x/wVqULbCG/
shrinking volume, nearer to EMA20.

@dragon328 thanks for the link

@dragon328 got link to HLB updated report?

https://www.tradingview.com/x/RBlDUgU4/
Looks like sideways pattern is there. between 2.24 and 2.08.

https://www.tradingview.com/x/ebmOLLSh/
Let see it break ATH tomorrow!!!

moving towards ATH!!!

trying to move towards ATH 2.24 and above.
https://www.tradingview.com/x/RoLkEdWO/

RM105 Millions into utilities counter, guess which counter.






KUALA LUMPUR (Sept 18): Foreign investors snapped their three-week selling streak of Malaysian equities with a net purchase of RM235.1 million last week, from net selling of RM27.7 million the prior week.

In its weekly fund flow report on Monday, MIDF Research said that year-to-date, foreign investors have been net sellers of domestic equities at a rate of RM2.47 billion.

“The top three sectors with net foreign inflows last week were utilities (RM105.5 million), construction (RM53.6 million) and plantation (RM49.9 million).


“Meanwhile, sectors with net foreign outflows were healthcare (RM50.5 million), REITs (RM50 million) and consumer products and services (RM22.4 million),” it said.

MIDF said local institutions concluded their four-week net buying streak by selling RM131.5 million last week.

It said that year-to-date, local institutions have netted RM3.16 billion in inflows.

“For the 10th consecutive week, local retailers continued to sell domestic equities, with net sales amounting to RM103.7 million last week.

“Year-to-date, local retailers have seen outflows of RM687.3 million,” it said.

MIDF said in terms of participation, there was a decrease in average daily trading volume by retail investors (12.9%) and local institutions (9.6%), while foreign investors saw an increase (68.5%).

Commenting on the international scene, MIDF said global indices largely concluded the week with gains, disregarding the recent stronger-than-anticipated US economic data, including the August 2023 inflation figures, as investors expected these developments to have a limited impact on the US Federal Reserve’s upcoming monetary policy decision.

“Out of the 20 major indices in our tracking, 13 saw gains last week. The UK’s FTSE 100 (3.12%) had the largest increase, followed by Japan’s Nikkei 225 (2.84%) and Singapore’s Straits Times (2.27%).

“The most significant decliners were the Philippines’ PSEi (1.55%), Vietnam’s Ho Chi Minh VSE (1.14%) and China’s Shenzhen CSI 300 (0.83%).

“The FBM KLCI ended slightly higher by 0.28%,” it said.

@Ravi1969 yes, for YTL the volume done at 4:50pm is about 9Million shares. for YTLP is 92 Millions shares, let see what will happened tomorrow

last friday closing is very interesting, from chart stand point large volume with candle showing red like a warning for big fund selling. but the fact is at the close it is 2 bids higher and whole volume was done in 4:50pm instantaneously show something is cooking.

@apple888 foreign fund manager usually refer to this list to invest in stock in Asia. kind of a index they want to emulate. out of thousand of listed company in Malaysia only 41 is in the list as of 31Aug2023

@dragon328 i check it thru the 92,838,300 shares transacted at 4:50pm was not direct business transactions. Usually it will flag on the same day under direct business transaction. Will check again Monday, for FTSE Global Equity Index Series Asia Pacific ex Japan ex China inclusion liquidities and free float are two of the criteria to sustain it as well. I think for YTL Power is more of the free float issue. in AR2022, Top 30 shareholder hold about 86.32% of the company, Yeoh's hold 65.48% direct or indirectly, maybe today move will address the free float issues that might come up later. I am guessing only.

@joelyk for tradingview it just follow the candle color.

@joelyk red mean close below yesterday, green mean close above

today also Quadruple witching day.

Hapseng
https://www.tradingview.com/x/lrJy4Hu7/

YTLPower
https://www.tradingview.com/x/EV4vxryr/

same things happened to Hap Seng just before the inclusion into FTSE Global Equity Index Series Asia Pacific ex Japan ex China

WOW, record volume before inclusion into the FTSE Asia on 18-Sep-2023

https://www.tradingview.com/x/s3DOWosi/
Nearer to EMA20 already. healthy corrections!!!

@dragon328 everyone is crazy about suppling RE to Singapore. See this one, just revive not sure feasible or not. :)
https://cleantechnica.com/2023/09/11/sun-cable-plan-to-bring-solar-power-to-singapore-is-back-on/

@dragon328 based on 3.2B Profit in 2024,let's rolls

Year PAT #Share(B) Price Market Cap(B) P/E
2010 1.211 7.195 1.43 10.29 8.50
2023 2.022 8.158 $2.13 17.38 8.59
2024 3.200 8.158 $3.14 25.60 8.00
2024 3.200 8.158 $3.53 28.80 9.00
2024 3.200 8.158 $3.92 32.00 10.00
2024 3.200 8.158 $4.31 35.20 11.00
2024 3.200 8.158 $4.71 38.40 12.00
2024 3.200 8.158 $3.37 27.49 8.59

@dragon328 3.60 is a very fair price.

@dragon328 it will be great if it can hit PE 11.5 like TNB and the big cap. ;)

Quite high chance it will hit 10 but above 10 for regulated asset is quite rare. Its industry peer are at PE around 10 now.

Sembcorp Industries 9.9x US$6.69b
ACEA 9.6x US$2.45b

@OTB I prefer to do the price projections to take into consideration of the number of shares. Here are some findings. 2010 data is based on your adjusted price.

Year PAT #Share(B) Price Market Cap(B) P/E
2010 1.211 7.195 1.43 10.29 8.50
2023 2.022 8.158 $2.13 17.38 8.59
2024 3.000 8.158 $2.94 24.00 8.00
2024 3.000 8.158 $3.31 27.00 9.00
2024 3.000 8.158 $3.68 30.00 10.00
2024 3.000 8.158 $4.05 33.00 11.00
2024 3.000 8.158 $4.41 36.00 12.00

Current PE based on unaudited 4Q results is 8.59. If 2024 can get 3B PAT, there are high chance it will be traded at FPE of 8.0 to 10.00. or the share will be around RM3.1x to RM3.6x. from 2.13 to 3.1x there are still forty over percent gain in 1 year. Just need to monitor it Q to Q and buy on dip. This will make more sense than just compare PAT without taking considerations of NOSI.

in 2010 Annual report, page 47 as of 30Sep2010, the number of shares is 7,195,395,378 with 1,198,223,799 outstanding warrant B. As of today it is 8,158,000,000, so there are different.
link to 2010 Annual report.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=1263689

@OTB, not easy to compare 2010 profit and profit now to corelate to the possible future share price, the number of share is difference in 2010 and 2023.

Gentari International is owned by Petronas.

@dragon328, thanks. Look like average USEP is quite normalized at current level.

https://www.ema.gov.sg/news-events/news/media-releases/ema-grants-conditional-approvals-for-2gw-electricity-imports-from-indonesia

Pacific Medco Solar Pte Ltd, formed by PacificLight Renewables Pte Ltd, Medco Power Global Pte Ltd and Gallant Venture Ltd 0.6GW
Adaro Solar International Pte Ltd., formed by PT Adaro Clean Energy Indonesia 0.4GW
EDP Renewables APAC 0.4GW
Vanda RE Pte Ltd, formed by Gurin Energy Pte Ltd and Gentari International Renewables Pte Ltd 0.3GW
Keppel Energy Pte Ltd 0.3GW

@dragon328 look like spot LRMC is trending higher.
any comment on this. kamsia.

https://www.ema.gov.sg/resources/statistics/data-for-the-temporary-price-cap--tpc--mechanism

@ChloeTai, I am using kentrade to export out the data sorted by Market cap of all KLSE counters. you can try "simply wall dot st" but it is not the latest info, maybe a few days lagging. Dunno why i3 does not allow to paste the address here.

@ChloeTai
Ranking Code Stock M-Cap
1 1155 MAYBANK $110,174,721,620.88
2 1295 PBBANK $82,495,439,873.75
3 1023 CIMB $60,684,456,599.52
4 5183 PCHEM $57,360,000,000.00
5 5347 TENAGA $57,063,092,248.06
6 5225 IHH $51,961,249,631.70
7 6947 CDB $51,149,374,827.68
8 5819 HLBANK $42,920,822,023.20
9 8869 PMETAL $40,291,730,934.42
10 6033 PETGAS $33,875,890,384.80
11 6012 MAXIS $32,816,403,090.90
12 3816 MISC $31,916,120,686.45
13 4707 NESTLE $30,485,000,000.00
14 5285 SIMEPLT $29,668,415,638.29
15 1961 IOICORP $25,455,055,929.75
16 1066 RHBBANK $24,260,730,251.66
17 2445 KLK $22,917,577,042.00
18 5681 PETDAG $22,551,405,800.00
19 6888 AXIATA $22,488,757,225.90
20 4065 PPB $22,363,255,321.08
21 1082 HLFG $20,540,552,331.00
22 4863 TM $19,874,281,336.00
23 6742 YTLPOWR $17,376,984,611.94
24 4677 YTL $16,864,826,380.20
25 3182 GENTING $16,670,653,225.70
26 4715 GENM $15,379,535,638.32
27 4197 SIME $14,926,158,693.63
28 5296 MRDIY $14,348,539,611.84
29 7084 QL $13,385,114,264.50
30 5235SS KLCC $12,204,051,641.08
31 1015 AMBANK $12,163,058,377.48
32 5014 AIRPORT $12,097,019,632.00
33 7277 DIALOG $11,856,417,472.20
34 5398 GAMUDA $11,700,587,347.12
35 5246 WPRTS $11,457,600,000.00

YTLPower rank 23 this week after today close

https://theedgemalaysia.com/node/681787

Singapore approves import of two gigawatts of low-carbon power from Indonesia
By Fransiska Nangoy / Reuters
08 Sep 2023, 02:00 pm

JAKARTA (Sept 8): Singapore's Energy Market Authority has given conditional approval for the import of two gigawatts of low-carbon electricity from a solar power project in Indonesia, a Cabinet minister said on Friday.

Singapore and Indonesia will soon sign a memorandum of understanding for the import, Singapore's Minister of Trade and Industry Tan See Leng told a forum in Jakarta on sustainability.

"Singapore's target is to import four gigawatts of low-carbon electricity by 2035. The fact that half of this would come from Indonesia is testament to our comprehensive and our long-standing partnership," said Tan.
The two gigawatts of power supply will be sourced from projects developed by five Indonesian and Singaporean companies, which collectively have proposed to install about 11 gigawatt-peak of solar photovoltaic capacity and 21 gigawatts of battery storage capacity in Indonesia, he added.

Indonesia's Deputy Minister for Maritime and Investment Affairs Rachmat Kaimuddin said he hopes such cooperation with Singapore would boost Indonesia's solar panel industry.

Indonesia has pushed back to 2025 its requirement for 60% of components of solar panels to be made locally, a measure aimed at encouraging further investment.

ID Code Stock Prv Close High Low B-Q Buy Sell S-Q Last Chg L-V Vol VWAP T-O Chg% Status M-Cap
1 1155 MAYBANK 9.17 9.19 9.12 337200 9.14 9.15 591200 9.15 -0.02 2000 2693600 9.1447 - -0.22% Active $110,295,262,891.80
2 1295 PBBANK 4.25 4.25 4.21 858200 4.23 4.24 352300 4.24 -0.01 500 2800500 4.2317 - -0.24% Active $82,301,332,956.40
3 1023 CIMB 5.74 5.75 5.68 194000 5.69 5.7 168200 5.69 -0.05 500 2276400 5.7082 - -0.87% Active $60,684,456,599.52
4 5183 PCHEM 7.17 7.19 7.12 154700 7.17 7.18 292400 7.18 0.01 500 757800 7.1672 - 0.14% Active $57,440,000,000.00
5 5347 TENAGA 9.87 9.9 9.85 21800 9.88 9.89 102400 9.88 0.01 100 766200 9.8889 - 0.10% Active $57,178,838,885.48
6 5225 IHH 5.91 5.93 5.89 143700 5.9 5.91 74000 5.9 -0.01 100 313200 5.9006 - -0.17% Active $51,961,249,631.70
7 6947 CDB 4.39 4.44 4.32 57900 4.36 4.37 32200 4.37 -0.02 500 768900 4.3672 - -0.46% Active $51,266,689,907.56
8 5819 HLBANK 19.8 19.8 19.66 30000 19.78 19.8 34800 19.78 -0.02 100 93600 19.7471 - -0.10% Active $42,877,467,657.52
9 8869 PMETAL 4.92 4.91 4.86 37800 4.9 4.91 67500 4.91 -0.01 500 671500 4.8995 - -0.20% Active $40,456,523,289.98
10 6033 PETGAS 17.16 17.2 17.14 25200 17.14 17.16 24400 17.16 - 200 186000 17.1633 - - Active $33,955,039,661.40
11 6012 MAXIS 4.12 4.19 4.1 155300 4.16 4.17 36100 4.17 0.05 500 1163200 4.1605 - 1.21% Active $32,659,761,548.70
12 3816 MISC 7.17 7.16 7.11 267100 7.15 7.16 98100 7.15 -0.02 200 407400 7.1482 - -0.28% Active $31,916,120,686.45
13 4707 NESTLE 130 130.2 129.4 2500 129.7 130 500 130 - 300 16300 129.8405 - - Active $30,485,000,000.00
14 5285 SIMEPLT 4.35 4.34 4.3 224600 4.3 4.31 108800 4.3 -0.05 400 422200 4.3114 - -1.15% Active $29,737,572,784.30
15 1961 IOICORP 4.05 4.07 4.01 68600 4.04 4.05 68800 4.05 - 700 376800 4.0455 - - Active $25,455,055,929.75
16 1066 RHBBANK 5.68 5.68 5.63 103600 5.66 5.67 89200 5.67 -0.01 200 1630700 5.6545 - -0.18% Active $24,303,593,732.67
17 2445 KLK 21.34 21.4 21.3 28600 21.34 21.36 17300 21.34 - 100 211900 21.3383 - - Active $23,068,919,531.90
18 6888 AXIATA 2.47 2.48 2.46 166600 2.46 2.47 172800 2.47 - 2400 1172000 2.4705 - - Active $22,672,338,917.54
19 5681 PETDAG 22.8 22.9 22.66 3100 22.68 22.7 3100 22.7 -0.1 200 237700 22.761 - -0.44% Active $22,551,405,800.00
20 4065 PPB 15.86 15.88 15.8 600 15.82 15.84 11700 15.82 -0.04 100 43000 15.8301 - -0.25% Active $22,505,515,214.98
21 1082 HLFG 18 18.06 17.96 24800 18 18.06 21500 18 - 100 25800 18.0016 - - Active $20,655,304,020.00
22 4863 TM 5.16 5.17 5.14 227900 5.15 5.16 189800 5.15 -0.01 1800 1116400 5.1599 - -0.19% Active $19,683,182,477.00
23 6742 YTLPOWR 2.1 2.24 2.09 389500 2.14 2.15 582600 2.14 0.04 100 30284500 2.1861 - 1.91% Active $17,458,566,699.32
24 4677 YTL 1.48 1.58 1.48 1374000 1.52 1.53 789100 1.53 0.05 1800 30809300 1.5388 - 3.38% Active $16,864,826,380.20
25 3182 GENTING 4.31 4.33 4.3 364200 4.3 4.31 149100 4.3 -0.01 900 837200 4.3121 - -0.23% Active $16,670,653,225.70
26 4715 GENM 2.59 2.59 2.58 364000 2.58 2.59 706100 2.58 -0.01 500 2301900 2.5837 - -0.39% Active $15,320,155,191.84
27 4197 SIME 2.18 2.22 2.18 507100 2.18 2.19 23500 2.19 0.01 2000 2026900 2.194 - 0.46% Active $14,926,158,693.63
28 5296 MRDIY 1.5 1.52 1.49 315300 1.51 1.52 144600 1.52 0.02 500 1779400 1.5057 - 1.33% Active $14,348,539,611.84
29 7084 QL 5.48 5.52 5.47 42000 5.5 5.51 51200 5.5 0.02 500 365000 5.4993 - 0.37% Active $13,385,114,264.50
30 5235SS KLCC 6.77 6.77 6.75 18600 6.77 6.79 100 6.77 - 800 19500 6.7625 - - Active $12,222,104,971.91
31 1015 AMBANK 3.67 3.69 3.66 232100 3.67 3.68 243900 3.68 0.01 600 1316900 3.678 - 0.27% Active $12,196,200,225.92
32 5014 AIRPORT 7.4 7.4 7.29 52100 7.29 7.3 79200 7.29 -0.11 100 411800 7.3447 - -1.49% Active $12,163,761,809.28
33 7277 DIALOG 2.18 2.18 2.13 136000 2.13 2.14 120000 2.13 -0.05 2000 814800 2.1467 - -2.29% Active $12,025,794,864.66
34 5398 GAMUDA 4.32 4.35 4.3 293200 4.33 4.35 66000 4.35 0.03 2100 1752200 4.3233 - 0.69% Active $11,727,547,225.80

@ChloeTai as of now

@OTB, you are right!!! adjusted for Dividend, it is ATH!!! See monthly chart below.

https://www.tradingview.com/x/VTVxZhpg/

look like RM2.20 is a pretty hard resistance to break and stay. It is the highest point in 2011.
If break and stay, ATH is within reach. Below the monthly chart.
https://www.tradingview.com/x/1cCdHwwW/

https://www.businesstoday.com.my/2023/09/07/new-sc-guideline-will-allow-fractional-share-trading-effective-immediately/

anyone try Yes wireless broadband for home?

@OTB, with 2023 EPS of 24.96 in 2023FY and payment of 2.5 cents dividend and coming 3.5 cents, hopefully there will be a special dividend for all. for the past years, it pay more than 50% of the earning as dividend. Some year as high as 90% of earning. 10 cents will be very good!!!

@dragon328 of course the coupon will be higher if issued now, big insurance company will most likely to buy bond for their fix income portfolio, sometime stock exposure for them is too big, especially saving fund. there sure to be market for them.

@dragon328 of course no free money, cheap funding for projects and fixed coupon.

@dragon328 2008 bond issues detail link is below for you to have a look.


https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=1251972

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE

- PROPOSED ISSUANCE OF UP TO RM2,200,000,000 NOMINAL VALUE OF 5-YEAR REDEEMABLE BONDS WITH DETACHABLE PROVISIONAL RIGHTS TO ALLOTMENT OF UP TO 2,215,122,727 WARRANTS ("WARRANTS") ON A BOUGHT DEAL BASIS TO THE PRIMARY SUBSCRIBER(S) AT 3.00% COUPON OR SUCH OTHER COUPON RATE TO BE DETERMINED NEARER TO THE POINT OF ISSUANCE ; AND

- PROPOSED OFFER FOR SALE BY THE OFFEROR(S) OF THE PROVISIONAL RIGHTS TO ALLOTMENT OF UP TO 2,215,122,727 WARRANTS TO THE EXISTING SHAREHOLDERS OF YTL POWER ON A RENOUNCEABLE RIGHTS BASIS OF THE PROVISIONAL RIGHT TO ALLOTMENT OF ONE (1) WARRANT FOR EVERY THREE (3) EXISTING ORDINARY SHARES OF RM0.50 EACH HELD IN YTL POWER ON AN ENTITLEMENT DATE AND AT AN OFFER PRICE TO BE DETERMINED LATER

@dragon328 if you follow YTLPower over the decades, you will notice it always issues bond with detachable warrants to attract bond buyer who enjoy immediate premium of the warrants and at the same time make shareholder happy. In 2000 it is 4 for 1, in 2008 it is 3 for 1. With the exercising of the warrants, it share capital enlarge over the years gradually. I will say, it kill many birds with 1 stone.
1) Bond holder is happy.
2) Long term Shareholder is happy and rewards
3) Cheap capital for the company
4) Gradual increase of the company share capital.
5) With bond issues, FCF can be use to pay more dividend to YTL.

Tan Sri like to keep more cash for opportunities grabbing.

There high possibilities of near term issues of redeemable bond with detachable warrants for YTL Power to raise fund to finance the WTE and Kulai Green DC expansion like in 2008 and 2000. @dragon328 what is your thought on this?

https://www.tradingview.com/x/Ogf7zF7X/
nice consolidation

good consolidation!!! up too fast. 2.00/2.01 is first major support.