Posted by dragon328 > Nov 24, 2023 8:48 AM | Report Abuse
@cgtan2020, the strong performance from PowerSeraya in Q1 FY2024 is well expected as I have explained earlier in numerous occasions. PowerSeraya gross margin is not directly affected by gas prices while its revenue is more directly linked to gas prices.
Its gross margin is mostly locked in retails contracts (that last from 6 months to 2 years) and vesting contracts. Retails contract margin is determined based on supply and demand, while vesting contract margin is determined by EMA every 2 years.
That's why I expect PowerSeraya strong earnings to continue into 2026 at least, then we shall see how the peak demand growth will be able to match the scheduled commissioning of Keppel new CCGT unit in 2026.
in a nutshell, with current available power plant that's not going to change till 2025, the profit is purely dependent on demand, higher the demand higher the profit
added bonus to YTLP profit would be if the natural gas price goes even higher as they had hedged at low price for long term. Considering that Q2 24' has higher NG price compared to Q1 24', their profit will likely have this added bonus...
the lower USEP is due to cheaper natural gas cost shared by all power gen plants...it shows why its meaningless to look into USEP, all that matters is the marginal unit efficiency, i.e demand vs efficient power plant available
@cgtan, i think revenue is lower due to lower USEP but margin is higher due to higher marginal unit (as demand is rising forcing usage of lesser and lesser efficient power plant that is not used earlier)
Talking about empathy and human rights, why not teach our students that it is not right to dispossess the Orang Asal of their ancestral lands and give away the lands to companies owned by the political elites and their cronies which forcibly displaced the Orang Asal from their ancestral lands like what happened to the Palestinians?
It is rather unfortunate that there is an element of religiosity when it comes to Malaysia’s stand in the Middle East. Didn’t Putin bomb towns and cities, killing children, women and the elderly?
Where was our outrage against the carnage in Ukraine? Did we propose a week of solidarity in schools? Is the blood of a Ukrainian child any different from the Palestinian child?
Posted by dragon328 > Oct 26, 2023 10:51 AM | Report Abuse
@Alex Chua, yes there are plans to ensure continuation of strong earnings for YTL Power to continue beyond FY2025: 1) WTE plant to start from 2026 2) Digital bank to turn in profit from 2026 3) Green data centre 1st phase to start contributing profit from FY2024 4) Subsequent phases of green data centre to contribute profits from FY2025 5) Wessex Waters earnings to rebound from Q4 FY2024 after next water tariff hikes 6) Wessex Waters RCV to expand substantially for next regulatory period from April 2025 to ensure earnings to expand meaningfully from FY2026 7) Potential win of new solar power projects in Malaysia as Malaysia plans to roll out some 8,000MW of solar power projects by 2030 and another 25,000-30,000MW by 2050 8) Potential export of RE to Singapore from 2027 9) Meaningful earnings contribution from UK property development from 2026 once interest rates there retreat to normalised levels 10) Potential win of the new gas plant tender in Singapore to expand PowerSeraya earnings from 2028
unlike hng33 who will give super promoting comments as if he will hold in to next 3 years and the next day he will sell and come out with negative comments...anyway, everyone have different strategies...no right or wrong in stock market...its up to them how they survive...
It noted that the offer values UMW at 13.3 times financial year 2024 (FY2024) price-to-earnings ratio, which is at a slight premium to UMW’s five-year historical mean of 12.9 times and at 1.3 times FY2023’s book value.