Easy to say will reach RM2.90 soon. Now want to float above RM2.30 also difficult. Bears are so powerful.

Really don't know what to do. Step by step dump from 2.31 to 2.30 to 2.29 to 2.28 to 2.27 to 2.26 in the last 30 minutes. From green to two reds (left and right). I think it is due to T + 2 and short selling.

https://theedgemalaysia.com/node/688302
CGS-CIMB Research (Oct 23): According to a media release by Energy Market Authority (EMA) on Oct 23, Singapore’s Ministry of Trade and Industry and EMA are looking to set up an entity (Gasco) that will centralise the procurement and supply of gas for the power sector. Gasco will aggregate gas demand from power generators (Gencos) and purchase the required volumes on their behalf. This compares with the current framework that allows Gencos to procure their gas volume requirements independently based on their own commercial terms.

This is similar to the temporary price cap implemented in July, with the new framework looking set to further curb excessive volatility in Singapore’s electricity prices. It may also, in our view, create a more level playing field among the Gencos as it would effectively eliminate any gas price advantage. Profit margins would, therefore, need to be driven mainly by plant efficiencies.

According to management, YTL Power International Bhd’s (YTLP) earliest gas contract expiry is end-2025, with some stretching to 2028/29. We do not expect any notable impact on YTLP’s near-term earnings, but longer-term margins could normalise from the elevated levels enjoyed in recent quarters.

https://theedgemalaysia.com/node/688302
CGS-CIMB Research (Oct 23): According to a media release by Energy Market Authority (EMA) on Oct 23, Singapore’s Ministry of Trade and Industry and EMA are looking to set up an entity (Gasco) that will centralise the procurement and supply of gas for the power sector. Gasco will aggregate gas demand from power generators (Gencos) and purchase the required volumes on their behalf. This compares with the current framework that allows Gencos to procure their gas volume requirements independently based on their own commercial terms.

This is similar to the temporary price cap implemented in July, with the new framework looking set to further curb excessive volatility in Singapore’s electricity prices. It may also, in our view, create a more level playing field among the Gencos as it would effectively eliminate any gas price advantage. Profit margins would, therefore, need to be driven mainly by plant efficiencies.

According to management, YTL Power International Bhd’s (YTLP) earliest gas contract expiry is end-2025, with some stretching to 2028/29. We do not expect any notable impact on YTLP’s near-term earnings, but longer-term margins could normalise from the elevated levels enjoyed in recent quarters.

OK. Pang72.

pang72

Superhot 11 days to pump up YTL and YTLPOWER till 20 Nov 23.
As exciting as SUPERMX, TOPGLOV & HARTA inclusion into KLCI 3 years ago.
====================================
6 November 2023

Half a day wasted. The expected excitement did not materialise to YTLPOWER. It is still sleeping at 2.29/2.30. 😥

@OTB, thank you for your comforting words.

Surprising low volume at unchanged 2.28/2.29.

Next year 2024, many will pick YTLPOWER and YTL.

Next week 9 Nov 2023 (Thursday) is ex-dividend of 3.5 sen. Share price on this day will be adjusted -4 sen at opening price. If closing can go back up 4 sen, good.

@ cgtan2020, I help pang72 to translate from Madarine to English. Can you please ask pang72.

pang72
RESEARCH CONTENT (English) | | 03 NOV 2023

YTL Power and YTL to make hot debut: they may become the new favourites of the KLCI Index

FTSE Russell will announce the results of its upcoming semi-annual review of the FTSE Bursa Malaysia Index Series on Thursday, 7 December 2023. We anticipate that the review will use market capitalization data as of the close of business on Monday, 20 November 2023, four weeks prior to the effective date of the review. All component changes under review will be effective on Monday, 18 December 2023. The market is closely watching this review because of the impact it may have on KLCI index-linked products such as the FTSE 30 ETF and KLCI index-linked funds.

Let me briefly review the rules for additions and deletions from KLCI, the rules and regulations for the FTSE Bursa Malaysia Index, if a company’s market capitalization rises to 25th or higher, it will be included in FBM KLCI during the period of regular review; if a company’s market capitalization falls to 36th or lower, will be removed during regular review. In addition to market capitalization ranking, companies need to meet two other criteria for inclusion in KLCI, namely 15% or more of free float shares and sufficient liquidity.

As of 30 October 2023, YTL Power and YTL are currently sitting at the 23rd and 25th positions in the market capitalization rankings respectively, taking into account the recent significant share price gains. Therefore, based on market capitalization, both YTL Power and YTL are eligible for inclusion in the KLCI index.

Westports, on the other hand, is currently at the 36th position in the market capitalization rankings. Therefore, it is possible to be removed from the KLCI Index. To ensure that the same number of constituents are included and removed during regular reviews, the stock with the second lowest ranking among the current KLCI constituents will be removed, and Dialog may also face the risk of being removed from the index.

It should be noted that this is only a preliminary estimate based on market capitalization data as of the close of 30 October 2023. There are still 11 trading days until 20 November 2023, and many changes may occur in the market during this period. However, I think stocks about to be included in the KLCI index are likely to attract more buying momentum over the next 11 trading days as speculators do not want to miss this opportunity.

pang72
RESEARCH CONTENT (English) | | 03 NOV 2023

YTL Power and YTL to make hot debut: they may become the new favourites of the KLCI Index

FTSE Russell will announce the results of its upcoming semi-annual review of the FTSE Bursa Malaysia Index Series on Thursday, 7 December 2023. We anticipate that the review will use market capitalization data as of the close of business on Monday, 20 November 2023, four weeks prior to the effective date of the review. All component changes under review will be effective on Monday, 18 December 2023. The market is closely watching this review because of the impact it may have on KLCI index-linked products such as the FTSE 30 ETF and KLCI index-linked funds.

Let me briefly review the rules for additions and deletions from KLCI, the rules and regulations for the FTSE Bursa Malaysia Index, if a company’s market capitalization rises to 25th or higher, it will be included in FBM KLCI during the period of regular review; if a company’s market capitalization falls to 36th or lower, will be removed during regular review. In addition to market capitalization ranking, companies need to meet two other criteria for inclusion in KLCI, namely 15% or more of free float shares and sufficient liquidity.

As of 30 October 2023, YTL Power and YTL are currently sitting at the 23rd and 25th positions in the market capitalization rankings respectively, taking into account the recent significant share price gains. Therefore, based on market capitalization, both YTL Power and YTL are eligible for inclusion in the KLCI index.

Westports, on the other hand, is currently at the 36th position in the market capitalization rankings. Therefore, it is possible to be removed from the KLCI Index. To ensure that the same number of constituents are included and removed during regular reviews, the stock with the second lowest ranking among the current KLCI constituents will be removed, and Dialog may also face the risk of being removed from the index.

It should be noted that this is only a preliminary estimate based on market capitalization data as of the close of 30 October 2023. There are still 11 trading days until 20 November 2023, and many changes may occur in the market during this period. However, I think stocks about to be included in the KLCI index are likely to attract more buying momentum over the next 11 trading days as speculators do not want to miss this opportunity.

@cgtan2020, thanks for the info.

YTLPOWER and YTL to replace DIALOG and WESTPORTS. ValueInvestor888 said the cut-off date is on 16 Nov 2023.

Companies in KLCI (3 September 2023):
1 MAYBANK
2 PBBANK
3 CIMB
4 TENAGA
5 PCHEM
6 IHH
7 CELCOM DIGI
8 HLBANK
9 PMETAL
10 PETGAS
11 MISC
12 MAXIS
13 SIMEPLT
14 NESTLE
15 IOICORP
16 RHBBANK
17 KLK
18 PETDAG
19 PPB
20 AXIATA
21 HLFG
22 TM
23 GENTING
24 SIME
25 GENM
26 MRDIY
27 QL
38 AMBANK
29 DIALOG ???
30 WESTPORTS ???

1 MAYBANK $108,783,334,059.84
2 PBBANK $80,942,584,534.95
3 CIMB $60,791,107,665.60
4 TENAGA $57,236,712,204.19
5 PCHEM $56,880,000,000.00
6 IHH $52,665,808,948.74
7 CDB $49,741,593,869.12
8 HLBANK $41,490,127,955.76
9 PMETAL $39,879,750,045.52
10 PETGAS $33,836,315,746.50
11 MISC $32,183,948,272.63
12 MAXIS $31,249,987,668.90
13 SIMEPLT $29,806,729,930.31
14 NESTLE $28,796,600,000.00
15 IOICORP $24,637,980,060.40
16 RHBBANK $24,003,549,365.60
17 KLK $23,847,252,337.10
18 PETDAG $22,710,358,440.00
19 PPB $21,338,984,085.00
20 AXIATA $20,652,940,309.50
21 HLFG $20,035,644,899.40
22 TM $19,451,554,293.60
23 YTLPOWR $18,600,715,922.64
24 YTL $17,195,509,250.40
25 GENTING $15,701,429,200.95
26 SIME $15,539,562,475.56
27 GENM $14,429,448,494.64
28 MRDIY $14,160,696,063.00
29 QL $13,555,470,264.23
30 AMBANK $12,759,611,649.40
31 KLCC $12,456,798,272.70
32 GAMUDA $12,438,420,181.48
33 AIRPORT $12,247,189,530.88
34 HAPSENG $11,751,297,071.76

Francis Yeoh only gets 58 sen. 58 sen means what?

Is it that YTLPOWER wants to privatise RANHILL?

Dear dompeilee, payment will be made after 10 days of acceptance. May I know is it 10 ordinary days or 10 market days?

hng33 has sold at 78.5 sen. Be cautious.

The next SALUTICA?

Many would like to do it a save and simple way. Just sell at RM4.85 and say bye bye to UMW. Last time Oldtown White Coffee offered RM1.18 but the highest it could go was RM1.08. Many said bye bye to Oldtown at that price. Waiting for MGO offer letter and cash into our bank accounts are worrying matters.

16.11.2023 - AGM/EGM (Next 21 days)
7.12.2023 - Notice of MGO (Mandatory General Offer)
28.12.2023 - Letter of MGO sent to UMW shareholders
21.1.2024 or 28.1.2024 onwards (maximum 8 weeks) Sime Darby gets at least 90% acceptance.

Money of selling the UMW shares to Sime Darby credited into shareholders' account. (After 10 days of acceptance).

@syndicates, Confirmed EGM on 16 November 2023, immediately after AGM over.

https://www.malaysiastock.biz/Company-Announcement.aspx?id=1518251
OK. All clear. EGM on 16 November 2023 immediately after AGM:

NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting (“EGM”) of Sime
Darby Berhad (“Company”) will be conducted virtually through live streaming from the broadcast venue at Function Room, Ground Floor, Menara Sime Darby, Oasis Corporate Park, Jalan PJU 1A/2, Ara Damansara, 47301 Petaling Jaya, Selangor Darul Ehsan, Malaysia on Thursday, 16 November 2023 at 12.30 p.m., or after the conclusion of the Seventeenth Annual General Meeting of the Company or at any adjournment thereof, whichever is later, for the purpose of considering and if thought fit, passing with or without any modification the following resolution:-
ORDINARY RESOLUTION PROPOSED ACQUISITION BY SIME DARBY ENTERPRISE SDN BHD (“SDESB”), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF SIME DARBY BERHAD (“SIME DARBY” OR “COMPANY”), OF 714,813,100 ORDINARY SHARES IN UMW HOLDINGS BERHAD (“UMW”) (“UMW SHARES”), REPRESENTING APPROXIMATELY 61.18% EQUITY INTEREST IN UMW FROM PERMODALAN NASIONAL BERHAD (“PNB”) AND AMANAHRAYA TRUSTEES BERHAD (“ART”) AS TRUSTEE FOR ITS UNIT TRUST FUNDS WHICH OWN UMW SHARES (COLLECTIVELY, THE “SELLERS”) FOR A TOTAL CASH CONSIDERATION OF RM3,574,065,500 (“PROPOSED ACQUISITION”) AND PROPOSED MANDATORY TAKE-OVER OFFER TO ACQUIRE ALL THE REMAINING UMW SHARES NOT ALREADY OWNED BY SDESB AND SIME DARBY SUBSEQUENT TO THE PROPOSED ACQUISITION (“PROPOSED MGO”) (THE PROPOSED ACQUISITION AND PROPOSED MGO ARE COLLECTIVELY REFERRED TO AS THE “PROPOSALS”).

@syndicates, No, only estimate.

This is the email, shall anyone wants to ask anything:
investor.relations@simedarby.com

@syndicates: Encik Kadir's statement now is "we are lining up the details of the AGM and EGM". I feel that he is also "blur blur".

https://www.simedarby.com/press-releases/sime-darby-to-acquire-umw
@ brianhangswanton
I am afraid we have to wait longer for the EGM.

What ever the price now (4.84) is not important. Let's see after the AGM/EGM on 16.11.23, how?

The only good thing is Bursa Securities has approved the new list of directors. Other than that, the next good thing is today UMW unexpectedly closed at 4.82.

https://www.malaysiastock.biz/Company-Announcement.aspx?id=1515449

We refer to the announcements dated 24 August 2023 and 3 October 2023 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.



On behalf of Sime Darby, CIMB wishes to announce that the Securities Commission Malaysia had vide its letter dated 18 October 2023 approved the application dated 3 October 2023 in respect of waiver(s) and/or consent(s) for:



(i) the appointment of persons nominated by SDESB as directors of UMW; and



(ii) the resignation of the existing nominee directors of PNB from their directorships and/or offices in UMW,

Over the other side of YTL, they are waiting for HSR (High Speed Railway) from KL to Singapore bidding result. Over this side, we are waiting for the AGM/EGM to approve the acquire/takeover of UMW.

Finally the date for AGM/EGM on 16 Nov 2023 is announced by Sime Darby.

Everyday the annnoucements are massive purchase volume by Sime and EPF. Still nothing related to Bursa Securities.

Everyday there is a road block at around 4.75, 4.76, 4.77. EPF block at these prices for them to acquire. Everyday annouce huge purchase from EPF. Everyday also announce huge purchase by Sime Darby. But there is no further announcement for the progress on the takeover related to Bursa Securities.

9 Oct 2023 : Stay steady at 4.73. No interest for both bulls nor bears. Still got 28 days more for EGM on 16 Nov 2023.

Everyday keeps on dropping as if the acquisition of UMW is going to fail.

soon93 hope for a final dividend before in Nov 2023 quarter results. If it is true, shareholders will be fortunate. If no dividend is given, I am thinking of buying UMW-C45.

It will be tight range trading at this moment. After EGM on 17 Nov 2023, nothing to worry already. According to kokchengkai, it will move close to RM5.00. Be patient.

Just wondering LTAT money come from where to give MGO for 65% of the shares it does not own. From taxpayers' money given by PM Anwar Ibrahim?

Sime Darby acquiring UMW got give time frame. Acquisition by Q4 2023 and MGO by Q1 2024.
Application to replace directors from PNB with new directors has been forwarded by CIMB (representing Sime Darby) to Bursa Securities for approval. EGM is on 16 Nov 2023 to get shareholders approval for the takeovet of UMW.

ks55

"SHAREHOLDERS OF BPLANT ARE ADVISED TO EXERCISE CAUTION WHEN DEALING IN THE ORDINARY SHARES OF BPLANT AND TO SEEK APPROPRIATE ADVICE IF THEY WISH TO DO SO, AS BPLANT HAS NOT RECEIVED ANY FIRM OFFER RELATING TO THE GENERAL OFFER."

No firm offer. No time frame. May be like Boustead that take years to produce an offer letter.
===============================================
Thank you ks55 for the advice. I did not read the announcement carefully.

This is a flip flop government. What happen to MRT3? YTL submitted the lowest bid. What happen to HSR? YTL is the favourite winner? And today, say BPLANT cancel the taker over by KLK but the MGO of RM1.55 still continues.

KLK has bought si many Bplant shares and now KLK will take this opportunity to sell.

I don't want to tempted by LTAT. All my cash is in UMW. The process of takeover by Sime has started and is moving.

Wow open green woh. KLK will use this opportunity to sell. Malaysian government is doing national servise.

KLK are trapped. They have bought many lots of Bplant shares. It must be sold. It seems the opening is not at limit down price.

KLK acquiring BLANT had officially teminated.