New TP - Kindly add in

TA - 2.40
RHB-OSK - 2.21
Kenanga - 2.14
AmInvest - 2.30
CGSCIMB - 2.40
HLIB - 2.90

by 1Dec2023 it will be parts of FBMKLCI powering KLCI higher with Malaysia NETR project.

Repost - Other bank TP
By Ying Xian Wong

YTL Power International Bhd. shares jumped early Friday helped by optimism over its outlook after it posted robust fiscal fourth quarter earnings.

Shares in the Malaysia-listed company rose as much as 11% and were recently 6.3% higher at 1.86 ringgit, bringing their year-to-date gain to 162%.

YTL Power late Thursday said its fiscal fourth-quarter net profit was sharply higher at MYR1.13 billion ($243 million), compared with MYR412.4 million in the same period a year earlier. The rise was mainly due to higher contributions from its Singapore power plant and higher investment income. Quarterly revenue increased 56% on year to MYR7.09 billion.

Hong Leong Investment Bank believes the company's current valuation is relatively undemanding, given its Singapore's unit strong earnings recovery. It raised YTL Power's stock target price to MYR2.90 from MYR2.05 and maintained its buy rating.

YTL Power's fiscal 2024-2025 earnings forecasts were raised 31% and 80%, respectively, to factor in higher expected revenue and improved margins, Hong Leong analyst Daniel Wong said in a note.

RHB Investment Bank raised YTL Power's target price to MYR2.21 from MYR2.00, and also maintained its buy rating.

YTL's power division could deliver solid earnings in future and profits from its joint venture and associates may improve in fiscal 2024, given it will receive a full year's contribution from its newly launched Jordan plant, RHB analyst Sean Lim said in a note.

Lim raised YTL's fiscal 2024-2026 earnings estimates by 10%-11%, to account for higher contributions from its power generation division as well as profit from its Jordan plant. He added that the company's stock is trading at an attractive valuation of eight times its fiscal 2024 price-earnings ratio, based on RHB's earnings forecasts.

Write to Ying Xian Wong at yingxian.wong@wsj.com

@dragon328, thank you so much, it is very clear now. let track this Q to Q. I think the RE import will be very important for RE100 companies in SG, YTLPower excess RE can be a good export to SG and earn premium price and SGD, do you spent time study this?

Malaysia Singapore interconnector upgrade. https://www.tnb.com.my/assets/newsclip/27102022c1.pdf

@dragon328 next q will be critical whether post TPC implementation, profit will drop a lot

the first 100MW from Malaysia will actually go thru TNB and Power Seraya. Read Section B3. Prospects, 1st Paragraph of the latest quarter report. YTL Power got old infra in Pasir Gudang that is uses to link to TNB national grid.

@idkdontaskmelol you have link to the Kenanga Report?

TA TP is 2.40, everyone is upgrade YTLPower

@dragon328 https://rfs.cgs-cimb.com/api/download?file=de0a1a1b-521a-43ec-b3c3-c34282e5f3b2 CIMB report TP 2.40

@dragon328 with EPS of 50 sen, anything below RM2.00 is super cheap now, well can it sustain for the next 5 years? Got to wait for another 8 quarters to see.😀

@moncmondo87 thank you

@moncmondo87 where to get the 2nd Q NEMS report?

look like another gap-up moment.

@dragon328 that is good news as long as got potential earning visibilities for the mid term.

@dragon328 you mentioned eps 32 cents yearly from power seraya to YTLPOWR in the next 2 years, any visibility beyond that?

@dragon328 kamsia

yes. only interim and no final dividend will be declared.

@dragon328 it seem Jordan side show some results, water still so so, Telecom reduce losses.

Cash increase by 2 Billions, FCF of 0.924 Billion. walao....

Yes, https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3379069

EPS 13.95. Dividend 3.5 cents. YTD EPS 24.96, Div 6.0 cents

@ChloeTai thank you so much!!!

ChloeTai today out not Friday?

https://www.tradingview.com/x/tWPvNllH/
Most likely will close the gap. just guessing.

this is healthy correction with volume drop.

https://theedgemalaysia.com/node/679406

If some of you are wondering of some certain stocks sharp movements this morning, it could be due to FTSE rebalancing announcement...

~
FTSE announced the preliminary results of the Sep 2023 quarterly review for the FTSE Asia Pacific Index on Saturday.

For Malaysia the notable add/dels and inflows/outflows are:

Add
$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) $HAPSENG / 3034 (HAP SENG CONSOLIDATED BERHAD)

Delete
$BAT / 4162 (BRITISH AMERICAN TOBACCO (MALAYSIA) BERHAD) (added to Small Caps), $WPRTS / 5246 (WESTPORTS HOLDINGS BERHAD) , $IJM / 3336 (IJM CORPORATION BERHAD) , VITRO, SREIT, MFCB, PMB, HONGSENG

Looking at volume of exchange in and out from passive funds vs daily avg volume, YTLPWR, HAPSENG, IJM has the biggest impact. from some analyst.

Singapore WTE. very informative.
https://www.youtube.com/watch?v=jrOq9aAuW0M

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

Anyone selling on the news? It seem overheated with huge volume.

Very soon YTL and YTL Power will be in KLCI components stock, that why index funds is bullish on them. Power sectors will drive KLCI higher next few years.

big appetite, 5Millions share "dimakan" in 15 mins.

https://theedgemalaysia.com/node/678674

@dragon328 https://www.sembcorp.com/en/media/807122/sci_1h2023_results-slides.pdf this is the presentation slides. Do go thru it.

@dragon328 this will be the best Q for PowerSeraya.

@dragon328, thanks for the explanation on the why USEP is lower than what is offer on the retails pricing.

https://webcast.openbriefing.com/Sembcorp_1H2023/player/?player_id=51514
From the CFO comments, 1:16:00 onwards, if TPC is implemented on H1Y23, to take care of the spike, it will have S$60Million impact on the S$435Million net profit, or 13.7%. Just to be fair to @hng33, USEP will have impact to YTLP net profit in coming quarters, some say 8%, some say 10% of the power sectors, it depend on their spread on contracted customer. Hopefully other sectors can cover the reduction profit in power generations. Overall the CEO did say with TPC in place, efficient power generator like them will still make a decent profit onwards.

thanks @xiaochecn. Sembcorp CEO did mentioned in the 4-Aug-2023 conference call, he say it is tight.

Anyone doing detail analysis of the USEP Q to Q and see how YTLP power Seraya Q to Q profits correlate to each other? @xiaochen @hng33 @dragon328

For those who want to read the CGS-CIMB recent key-takeaways from non-deal roadshow in SG with 10 investors in SG. Here is the link to the report, https://rfs.cgs-cimb.com/api/download?file=12adfc5f-a430-4fcc-98ba-e561ef0da8a9

new TP for YTLP for those technical trader. https://rfs.cgs-cimb.com/api/download?file=b2cefa5a-3346-4c47-b44e-70657a3ad8a0

For those who want to read the CGS-CIMB recent key-takeaways from non-deal roadshow in SG with 10 investors in SG. Here is the link to the report, https://rfs.cgs-cimb.com/api/download?file=12adfc5f-a430-4fcc-98ba-e561ef0da8a9

@dragon328 thank you so much!!!

Date Period Demand
(MW) Solar
(MW) TCL
(MW) USEP
($/MWh) EHEUR
($/MWh) LCP
($/MWh)
21 Jun 2023 00:00-00:30 6173.331 - 0.000 230.93 -1.13 0.00
21 Jun 2023 00:30-01:00 6045.602 - 0.000 161.35 -0.78 0.00
21 Jun 2023 01:00-01:30 5993.040 - 0.000 143.35 -0.69 0.00
21 Jun 2023 01:30-02:00 5936.347 - 0.000 138.54 -0.66 0.00
21 Jun 2023 02:00-02:30 5891.796 - 0.000 142.87 -0.67 0.00
21 Jun 2023 02:30-03:00 5847.608 - 0.000 121.90 -0.55 0.00
21 Jun 2023 03:00-03:30 5797.833 - 0.000 117.66 -0.51 0.00
21 Jun 2023 03:30-04:00 5766.969 - 0.000 109.59 -0.48 0.00
21 Jun 2023 04:00-04:30 5759.256 - 0.000 106.37 -0.46 0.00
21 Jun 2023 04:30-05:00 5784.215 - 0.000 117.60 -0.52 0.00
21 Jun 2023 05:00-05:30 5838.214 - 0.000 117.78 -0.53 0.00
21 Jun 2023 05:30-06:00 5959.457 - 0.000 142.46 -0.65 0.00
21 Jun 2023 06:00-06:30 6132.717 - 0.000 143.50 -0.68 0.00
21 Jun 2023 06:30-07:00 6325.408 - 0.000 172.46 -0.83 0.00
21 Jun 2023 07:00-07:30 6506.987 - 0.000 205.79 -1.00 0.00
21 Jun 2023 07:30-08:00 6723.764 - 0.000 306.90 -1.49 0.00
21 Jun 2023 08:00-08:30 6911.322 - 0.000 343.39 -1.72 0.00
21 Jun 2023 08:30-09:00 7034.563 - 0.000 353.62 -1.79 0.00
21 Jun 2023 09:00-09:30 7091.380 - 0.000 281.65 -1.38 0.00
21 Jun 2023 09:30-10:00 7113.775 - 0.000 281.74 -1.43 0.00
21 Jun 2023 10:00-10:30 7096.474 - 0.000 280.74 -1.41 0.00
21 Jun 2023 10:30-11:00 7070.834 - 0.000 241.54 -1.19 0.00
21 Jun 2023 11:00-11:30 7022.809 - 0.000 172.62 -0.85 0.00
21 Jun 2023 11:30-12:00 7007.675 - 0.000 172.49 -0.85 0.00
21 Jun 2023 12:00-12:30 6968.397 - 0.000 168.86 -0.82 0.00
21 Jun 2023 12:30-13:00 6977.979 - 0.000 168.84 -0.81 0.00
21 Jun 2023 13:00-13:30 7033.827 - 0.000 168.57 -0.84 0.00
21 Jun 2023 13:30-14:00 7084.278 - 0.000 168.89 -0.84 0.00
21 Jun 2023 14:00-14:30 7092.215 - 0.000 170.51 -0.83 0.00
21 Jun 2023 14:30-15:00 7060.690 - 0.000 170.48 -0.87 0.00
21 Jun 2023 15:00-15:30 7064.109 - 0.000 172.52 -0.87 0.00
21 Jun 2023 15:30-16:00 7106.146 - 0.000 292.39 -1.47 0.00
21 Jun 2023 16:00-16:30 7155.632 - 0.000 332.47 -1.68 0.00
21 Jun 2023 16:30-17:00 7200.188 - 0.000 343.14 -1.72 0.00
21 Jun 2023 17:00-17:30 7180.721 - 0.000 335.21 -1.68 0.00
21 Jun 2023 17:30-18:00 7094.049 - 0.000 302.57 -1.54 0.00
21 Jun 2023 18:00-18:30 7025.627 - 0.000 239.19 -1.22 0.00
21 Jun 2023 18:30-19:00 7012.089 - 0.000 251.78 -1.29 0.00
21 Jun 2023 19:00-19:30 7017.918 - 0.000 281.81 -1.44 0.00
21 Jun 2023 19:30-20:00 7013.167 - 0.000 281.84 -1.46 0.00
21 Jun 2023 20:00-20:30 6991.791 - 0.000 271.83 -1.41 0.00
21 Jun 2023 20:30-21:00 6956.509 - 0.000 223.21 -1.16 0.00
21 Jun 2023 21:00-21:30 6900.348 - 0.000 281.83 -1.46 0.00
21 Jun 2023 21:30-22:00 6792.996 - 0.000 172.98 -0.88 0.00
21 Jun 2023 22:00-22:30 6670.237 - 0.000 172.58 -0.87 0.00
21 Jun 2023 22:30-23:00 6557.418 - 0.000 168.88 -0.84 0.00
21 Jun 2023 23:00-23:30 6438.138 - 0.000 170.22 -0.85 0.00
21 Jun 2023 23:30-00:00 6275.122 - 0.000 168.54 -0.83 0.00

@dragon328 can you help to go thru these https://www.ema.gov.sg/cmsmedia/Consultations/Electricity/2023/Final-Determination-Paper-TPC_.pdf https://www.ema.gov.sg/cmsmedia/Consultations/Electricity/2023/Annex_TPC_Feedback_and_Responses_.pdf and see how it will affect YTLP. kamsia

exclude treasury shares, so is at RM1.00 per share

leek: hosei liao!!!

http://www.theedgemarkets.com/my/article/ytl-power-inks-ppa-worth-us27b-indonesian-firm

@ykinvestor, based on 77117000 of share and profit of 5,038000, annualised, you got PE of 3.25, now the right is over and without Warrant dilution, New PE will be based on 192792500 of share or anualised PE of 8.1318. Still can consider if EG can deliver the results consistently, maybe that why KYY and FSL decided to buy and today spike up is due to their name appeared in the Annual Report.