Keppel share price also dropped 5% today. Don't know also affected by sentiment...

The Bloomberg article's already mentioned they have find best way to address this issue of high price which two years ago led to the bankruptcy of few players...

The regulator has been consulting with industry players and utilities on the best way to mitigate the jumps, which two years ago led to the bankruptcy of a slew of independent retailers. The volatility has also made utilities reluctant to invest in more generation capacity that would alleviate shortages, according to the EMA.

@dragon, Good points. Bloomberg news also report EMA will engage with stakeholders of utilities players for engagement. Hope they can raise these points. They should appoint you as advisor...😄

overact...mkt has yet to price in Jordan power plant and data centre profit.
At current price certainly only price in normal profit from Power Seraya, but not extra ordinary profit last few months due to hot weather.

this news was yesterday afternoon news. Govt only controls retail mkt and impact to power producers like YTLP are minimal...

Good or bad news?

Singapore to End 3,000% Power Price Spikes That Sank Companies

(Bloomberg) -- Singapore plans to more aggressively regulate electricity markets as price jumps intensify, again threatening to hurt the retailers that sell it to businesses and households.

Most Read from Bloomberg




Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment Bank

The Energy Market Authority will cap wholesale power prices from July 1 using a formula tied to natural gas and generation costs, it said in a document on its website. That comes after they jumped as much as 3,000% this year despite sharp drops in the cost of liquefied natural gas, the nation’s main fuel.

The regulator has been consulting with industry players and utilities on the best way to mitigate the jumps, which two years ago led to the bankruptcy of a slew of independent retailers. The volatility has also made utilities reluctant to invest in more generation capacity that would alleviate shortages, according to the EMA.

Last month, prices reached as high as S$3,594 ($2,685) a megawatt-hour in daily trading after a power plant at Jurong Island shut for a turbine upgrade amid unusually hot weather. Meanwhile, the cost of LNG has fallen 86% since March 2022.

Singapore intends to launch a request for project proposals in the second half of this year, and has said it may step in to build the capacity itself.

Most Read from Bloomberg Businessweek

Since the announcement of the FPSO Armada Kraken
shut-in, BAB has lost RM1.1bn in market capitalisation. This is approximately 2
years’ worth of revenue contribution estimates from the FPSO. Although further
updates are still pending from the management, we believe its financial impact
is contained. BAB has fully repaid Kraken’s project finance debt and is able to
absorb the financial impact given its strong cash reserve of RM678m with net
gearing ratio of 0.82x.

Sell down overdone. Maintain TP 0.70. Public Investment

Bumi Armada (BAB) secured a one-year contract extension for Armada Sterling II
Floating Production Storage Offloading (FPSO), worth USD43m via its 49.99%-
owned JV company SP Armada Oil Exploration Pte Ltd. To recap, Armada Sterling
II FPSO was originally signed on 13 March 2013 with a nine-year contract valued at
USD740m with a seven-year extension option on yearly basis, with aggregate value
of USD340m. The original nine-year time-charter will expire on 7 March 2024. The
contract extension is expected given the excellent operational performance with
100% uptime and, the Cluster-7 field remaining an active production field. We make
no changes to our earnings estimates on account of this, having assumed this as
part of our replenishment assumption. On another note, although there is no further
update on the FPSO Armada Kraken shut-in, we reckon the recent sell down of its
share price is overdone. While financial impact may be seen short-term, it is
nonetheless limited, as long-term prospects remain solid.

mkt wants update of Kraken lah...

for short term, have to brace for up and down esp when State election is coming...

both SGD and Pound also increased a lot vs RM. Next quarter results should be very good as well

@ Felix888,

Look like they cannot meet 95% SLA as now already almost 20 days gone. What is the best estimate costs or loss?

*************
There still risk on the 95% SLA. This could hit the price. Don't simply sialang. Hold your houses.

1 hour ago

in theory, this technical or engineering problem should be able to solve quickly as Kraken is in Europe territory with so many experienced oil and gas companies there, some with history more than 50 years or even 100 years present there.

@ nikicheong, sure or not? Hope is not fake news...


.........................
Holy crap!!! It's back online!

Enquest's investor relations team replied to my email with the following:

"I can confirm that the HSP was restarted on Sunday evening, with single train production resuming yesterday. We will look to ramp up towards full production in the coming weeks".

price look good today. Only the restart of Kraken can bring the price further... Hope the company can announce soon the status...

Thanks all for the comments and updates. Thanks God that no more spam and more sharings in this forum.

@Zhuge Liang
Why so confidence,besides price drop a lot ? I only dare to bet small only due to uncertainty in Kraken.

wow hng33 so confidence in YTL...

selling looks over for now after yesterday margin call and T+4 for contra players. Recovery will depend on how soon Kraken will be operational again...

this week good time to accumulate, will have lots of shares from contra players, margin calls...

45sen again... clearing contra players or complications kraken remains?

i think Jaks has hard time to get investors to subscribe for PP if ALP continued this kind of poor mgt. The last batch PP was around 40 sen and those who subscribed kena burnt. Lss4, besides property investments few years ago is obviously bad decision by ALP making needs to do many PP last 2 years.

at least have to wait for few days to clear contra players first who might be disappointed due to no rebound...

share price drops more than 30%...Mgt needs to shed more light as soon as possible...

The current shut-in and future reduced level of production, means that BBC revenue earned by AKPL will be reduced. Given the current uncertainties, the financial impact of this incident cannot be reliably estimated at this point, but is expected to be material for Bumi Armada.

Materials mean more than 10% of the profit...

Bumi mgt needs to shed more light on this matter in order to restore confidence as soon as possible.

those who interested have to buy have to prepare to hold for some time. Operators will not push up for those want to make quick contra traders last 2 days lah...

Plan to bet in 2 batches. One is 45sen(already done), another one is 40 sen, plus minus, if can get.
Fingers itchy as this price look cheap😅...

HL TP RM 0.54 by assuming 6 months shut down which is unlikely.
40-45 sen looks fair to me and worth the bet.
Panic sales should be over soon

a lot kena burnt this round by lousy mgt of Armada. They don't even have preventive measures?
is 45 sen low enough to buy?

Cannot sleep well for those who hold for 10 years looking at big discount and no buyer to buy if you have a lot of shares want to let go. The shares so liquid...TTB so thick skin to continue received fat advisory fee every year...

icapital.biz Berhad is certainly meant for the serious long-term investors, people who want to be able to sleep soundly at night and then wake up later to see their asset value has appreciated substantially.

@ i guess should include loss making Yes and other ventures to be more prudence. Digital bank may not give good profit. having said this, YTL still have potential to make RM3b per year by 2025...

ALP so thick skin what to do? share price not performing( at historical low) due to local business losses and high operating expenditure + endless impairment and PP still got face to get over RM 10m remuneration

Sslee
What margin call? He can just issue LTIP free grant Jaks share to himself.

Jaks will need to show they can delivery good profit and EPS, otherwise they cannot lure investors to invest. Investors looking at ALP new projects or ventures will be scared to death. LSS4 project secured at noncompetitive rate will be a failed project in view of so many times of PP if they can deliver less than RM 10m profit per year as it cannot even cover jaks operating expenses 1 quarter...

Those friendly parties to ALP who bought pp at 18.5 sen will be felt cheated if price lower than 18.5sen. How many times they can do PP, i wander...

Any weakness is a buying opportunity

It is better to forget adding jaks until more certainty even price at current historical low. It is not a good time to sell at current low price for those who already bought the shares.

Jaks fail to deliver good profit and cannot even make 1 sen EPS till now due to high number of shares issued. It needs to subscribe 10% Vietnam Power plant to cover RM 50m local operating expenditure per year, some of which is ALP and poor mgt team fat remuneration, interest, impairment etc

Thanks dragon...based on google search, the IRR ranged from 10%-18%...

What is the estimated profit for green data centre?
It is quite certain PowerSeraya will make explosive profit in next quarter due to hot weather..

How much 50MW solar profit per year for jaks? My estimate is only RM 12m-15m per year, the most. Given jaks poor mgt, it could be lesser

Thank you OTB and Hng33 for the information.

@hng33, the JV is jointly owned by Jaks and CPECC where Jaks only owned effective interest of 30%. How to use the cash to buy additional 10%?

i think YTL Power is far better bet than Jaks.

YTL Power Current Quarter EPS 6.71 sen Dividend : 2.5sen Current Price RM 1.30.

cannot even make 1 sen eps. ALP fat salary and incentive and LSS4 has made number of shares issued ballooned to over 2 billion. How much LSS4 profit can be? RM 10 million per year with capital of RM 200 million ?

Net profit RM 14 million not too bad. Solar project COD this quarter...

This ALP is king of PP...

2nd batch of PP price fixing?

epf started buying last week again...

Well said. ALP is the best in handling PP and RI in the world. Hopefully he will use the similar skill in managing Jaks local businesses which are all lost making

SarifahSelinder

Wish andy can match his skill in managing the company mcm his skill in managing the PP