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.

@ykinvestor. right issues is after 30-Sep-2015, So please adjust the EPS accordingly, don't be mislead by it.

1 KENANGA NOMINEES (ASING) SDN BHD
JUBILEE INDUSTRIES HOLDINGS LTD (023)
18,872,616 9.8112
2 MAYBANK NOMINEES (ASING) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR TERENCE TEA YEOK KIAN
10,000,000 5.1986
3 MAYBANK NOMINESS (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR KANG PANG KIANG
8,000,000 4.1589
4 KENANGA NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR KOON YEW YIN (002)
4,500,000 2.3394
5 MAYBANK NOMINEES (ASING) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR JUBILEE INDUSTRIES HOLDINGS LTD
4,000,000 2.0795
6 LEE PAK HOONG 3,841,537 1.9971
7 GIAP SENG AUTO SUPPLY SDN. BERHAD 3,732,714 1.9405
8 TAN AH LOY @ TAN MAY LING 3,300,000 1.7156
9 HSBC NOMINEES (TEMPATAN) SDN BHD
HSBC (M) TRUSTEE BHD FOR CIMB-PRINCIPAL MALAYSIA EQUITY FUND
3,116,300 1.6201
10 RHB CAPITAL NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR FONG SILING (CEB)
3,100,000 1.6116

This article first appeared in The Edge Financial Daily, on November 25, 2015.



KUALA LUMPUR: YTL Corp Bhd ( Valuation: 1.40, Fundamental: 1.50) is confident it will gain from the eventual US Federal Reserve (Fed) interest rate hike as its revenues are mainly in foreign currencies.

francis-yeoh_fd251115_theedgemarkets

Managing director Tan Sri Francis Yeoh (pic) told shareholders at the group’s annual general meeting (AGM) yesterday that should there be a turn in the economic cycle and the Fed increases its interest rate, it will be in YTL’s favour.

A shareholder, who declined to be named, told The Edge Financial Daily that during the AGM, Yeoh said the group hopes to announce “a [piece of] positive news” in the second half of 2016 (2H16), but did not specify what the announcement would be.

Yeoh also told shareholders that the group is in a good position and managed to secure several major projects during past economic crises, such as the 1997 Asian financial crisis, as well as the 2008 global financial crisis, said the shareholder.

For the full financial year ended June 30, 2015 (FY15), the group reported a 34.2% dip in net profit to RM1.02 billion from RM1.55 billion in the previous financial year.

Revenue also decreased 12.8% to RM16.8 billion from RM19.27 billion in FY14.

“The decrease in revenue and profit was principally attributable to lower units of electricity sold and lower electricity prices as a result of a decrease in fuel oil prices in the multi-utilities segment, as well as a lower generation of electricity sales and a higher depreciation charge in the contracted power generation segment,” the group’s annual report states.

According to the annual report, the group’s foreign operations account for approximately 68.7% of its total revenue and 81.5% of its non-current assets for FY15, compared with 71.9% and 78.8% respectively, in FY14.

YTL Corp (fundamental: 1.5; valuation: 1.4) closed one sen or 0.67% higher at RM1.50, yesterday with 8.25 million shares done, bringing a market capitalisation of RM15.63 billion.

PAT in Q3 12Million!!!

nobody want 4A ke?

YTL Power successful bidder to supply power for 2 year 10 months

Thursday, 8 October 2015


KUALA LUMPUR: YTL Power International Bhd's unit, YTL Power Generation Sdn Bhd (YTLPG), was selected as a successful bidder to supply power from its Paka plant under the short-term capacity bid.

The bid was called by the Energy Commission for two years 10 months from March 1, 2016.

"This follows the successful completion of the 21-year power purchase agreement entered into between YTLPG and Tenaga Nasional Bhd on Sept 30, 2015," YTL Power said in a filing to Bursa Malaysia on Thursday.

Separately, YTLPG has registered its interest to participate in the New Enhanced Dispatch Arrangement under rules recently announced by the Energy Commission and is looking forward to the introduction of a competitive market in the Malaysian electricity supply industry.

YTLPG was the first independent power producer to be awarded a licence by the Director-General of Electricity Supply of Malaysia in 1993 as part of the Malaysian Governments plan to open the electricity supply industry to private sector participation.

YTLPG is the owner and operator of two natural gas-fired combined-cycle power stations, in Paka, Terengganu, and Pasir Gudang, Johor, with a combined generation capacity of 1,212 megawatts. - Bernama

Energy Minister confirms YTL Power given short-term contract

Wednesday, 7 October 2015

By: LEONG HUNG YEE

KUALA LUMPUR: The Energy Minister has confirmed that YTL Power Generation Sdn Bhd is among the three power producers which had been given short-term contracts.

The minister said on Wednesday the other two were Malakoff and Tenaga Nasional.

To recap, Tenaga had said the 21-year power purchase agreement (PPA) with YTL Power had expired on Sept 30, 2015.

The utility giant said that following the expiry of the PPA – which was signed on March 31, 1993 – YTL Power no longer exported power to the grid effective Oct 1, 2015.

The expiry also affected a leasing agreement between TNB and YTL Power Generation for the latter to lease Tenaga’s land in Paka and Pasir Gudang to build its power stations.

YTL Power deal expires, bids for 'short-term' contract

Tuesday, 6 October 2015

By: INTAN FARHANA ZAINUL

Tenaga Nasional Bhd says the 21-year power purchase agreement with YTL Power Generation Sdn Bhd has expired on Sept 30, 2015.

Tenaga Nasional Bhd says the 21-year power purchase agreement with YTL Power Generation Sdn Bhd has expired on Sept 30, 2015.

PETALING JAYA: Tenaga Nasional Bhd (TNB) has stopped buying electricity from YTL Power International Bhd following the expiry of a power purchase agreement (PPA) between the two companies.

“With the expiry, YTL no longer exports power to the grid effective Oct 1, 2015,” TNB said in a statement yesterday.

It is unclear how the latest development would impact YTL Power. The company had previously said it was in discussions with the Energy Commission (EC) for an extension of the PPA.

Shares in YTL Power were unchanged at RM1.52, with 4.26 million shares being traded. The stock price was adjusted from its Friday’s closing price of RM1.62 as it was traded ex-dividend yesterday.

In the statement, TNB said the PPA, which was signed back on March 31, 1993 with YTL Power’s subsidiary – YTL Power Generation Sdn Bhd – expired on Sept 30, 2015.

“Concurrently, a leasing agreement which YTL had entered into with TNB to lease the latter’s land in Paka in Terengganu and Pasir Gudang in Johor to build its power stations was also affected,” TNB said.

The power giant said that the PPA signed with YTL Power was its first PPA with an independent power producer (IPP), and the only PPA that was based on a take-or-pay mechanism for a period of 21 years.

It has been reported that YTL Power has been selected under a “short-term capacity” bid by the EC to continue to supply electricity from its existing facility.

YTL Power had previously been quoted as saying that the company was currently in discussions on the terms and conditions and that the new PPA was expected to be signed for the period from March 1, 2015 to Dec 31, 2018.

According to sources, the bidding process for the new PPA has already closed and the result is expected to be announced soon.

“The short-term contract is expected to supply about 580MW of electricity, and should YTL bag the contract, it will continue to supply electricity from its existing power plants,” sources said.

YTL Power has two gas-fired power plants in Malaysia - one in Paka, Terengganu, and another in Pasir Gudang, Johor – with a combined generation capacity of 1,212MW.

Other IPPs, namely, Powertek Bhd, controlled by 1Malaysia Development Bhd (1MDB) and Malakoff Corp Bhd’s Port Dickson Power Sdn Bhd are also bidding for an extension of their PPA contracts.

Meanwhile, it is believed that YTL Power has received a conditional offer from the EC.

Among the conditions include YTL Power resolving land issues with TNB, as well as its gas supply agreement with Petroliam Nasional Bhd.

Recall, the EC had earlier announced that it would be conducting an open-bidding exercise to extend expiring PPAs to address a power shortage due to a delay in two major power plants and to maximise the use of the existing assets.

The two plants are 1MDB’s 2,000MW coal-fired power plant called Project 3B, and Project 4A, which is a 1,000MW-1,400MW gas-fired power plant to be built in Johor.

StarBiz had reported that while fast-tracking the construction of new power plants was one way of addressing the problem, industry players have opined that a more immediate solution was to look at repowering expiring power plants such as YTL Power, Powertek and Port Dickson Power.

“It may not be a long contract. They could just tap the existing plant to fill up the gap should there be a shortfall in the energy-generation capacity in view of the delays,” said an industry observer.

So far, the EC has extended the concession agreement for five IPPs, with a generating capacity of 2,915MW. The extension has been ongoing since 2011 when the EC took over the awarding of new power plants in the country in a move to revamp the national electricity-generation sector.

According to an analyst, about 15% of YTL Power’s profits are from its local power plant business, while the remaining comes from its overseas assets.

In the financial year ended June 30, 2015 (FY15), YTL Power’s net profit fell 25% to RM901mil from RM1.2bil in FY14. Its revenue was also down to RM11.93bil from RM14.44bil a year ago due to the lower units of electricity sold and the lower electricity price as a result of lower fuel prices.

WB reduce to only 157.196Million, YTLP Market Cap increase to 12.31Billion

KUALA LUMPUR: Tenaga Nasional Bhd says the 21-year power purchase agreement with YTL Power Generation Sdn Bhd has expired on Sept 30, 2015.

The power giant said on Monday that following the expiry of the PPA – which was signed on March 31, 1993 -- YTL no longer exports power to the grid effective from Oct 1, 2015.

“Concurrently, a leasing agreement which YTL entered into with Tenaga Nasional to lease the latter’s land in Pakka, Terengganu and Pasir Gudang, Johor to build its power stations was also affected,” said Tenaga.

Tenaga said the PPA was the first PPA signed between Tenaga and an independent power producer and the only PPA that was based on take-or-pay mechanism for 21 years.

The total capacity of the power station in Paka is 780 megawatts (MW), consisting of two blocks of 390MW combined-cycle gas fired generation facility. The capacity of the power station inPasir Gudang is 390MW.

leek: what do you think the rational behind their conversion?

leek: their loan is in foreign currency as well, so it need to re-adjust as well.

Just some thought on the Yeoh's Family move

1. Any other possible rational behind the WB conversion beside the 10 cents dividend?
2. Increase the Yeoh’s family and YTL Corp the shareholding from 63 percent to 65.8 percent, possible corporate exercise?
3. Possible to be include in FBMKLCI with the enlarge capital of 8,062,019,271 shares at Rm1.5 = Market Cap of RM12,093,028,907.00
UMW 8.85B, SKPetro 11.205B

leek: must be cheap la... ozzy to rm. :)

Leek: buy more WB?

TNB buys 1MDB’s stake in Project 3B plant, minister confirms

BY RAM ANAND

Published: 18 June 2015 1:57 PM

Energy, Green Technology and Water Minister Datuk Seri Maximus Ongkili has confirmed that Tenaga Nasional Berhad (TNB) will buy 1Malaysia Development Berhad (1MDB)'s stake in the Project 3B coal power plant. – The Malaysian Insider file pic, June 18, 2015. Energy, Green Technology and Water Minister Datuk Seri Maximus Ongkili has confirmed that Tenaga Nasional Berhad (TNB) will buy 1Malaysia Development Berhad (1MDB)'s stake in the Project 3B coal power plant. – The Malaysian Insider file pic, June 18, 2015.

Tenaga Nasional Berhad (TNB) will buy over 1Malaysia Development Berhad (1MDB)'s stake in the Project 3B coal power plant, the Energy, Green Technology and Water Minister Datuk Seri Maximus Ongkili confirmed today.

Ongkili told reporters at the Parliament lobby today that TNB is buying over 1MDB's 70% in the project, held through the state investor's energy arm, Edra Global Energy Bhd, for an undisclosed price.

"It's on a willing-buyer-willing-seller basis," he said.

The Cabinet approved the move as the power plant project has been delayed by 1MDB, which faced cash flow problems as it sat on a RM42 billion debt. – June 18, 2015.

1MDB also stated that Edra would focus on its existing power business,

This implies that 1MDB would pursue the controversial 3B power plant project that was awarded to the group last year.

3B consider existing business? or New business? the star writer say existing biz

http://www.thestar.com.my/Business/Business-News/2015/03/05/1MDB-sheds-light/?style=biz

leek: sure bor. Tenaga will not give 3B to YTLP la, maybe JV.

Highlight
Malaysia's 1MDB calls off $2.4 bln sukuk for power project-sources

By Reuters / Reuters | February 7, 2015 : 2:56 PM MYT
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KUALA LUMPUR (Feb 6): Troubled state-owned investment fund 1Malaysia Development Bhd (1MDB) has called off plans to sell up to 8.4 billion ringgit ($2.4 billion) of Islamic bonds, two people familiar with the issue told Reuters on Saturday.

The Islamic bond or sukuk had been earmarked to raise funds for the construction of a $3.6 billion green field 2,000 Megawatt coal-fired power plant, known as 3B, in the state of Negeri Sembilan.

"It (the sukuk issue) has been called off...they are not moving ahead with the exercise anymore," a banker familiar with the deal said, requesting anonymity because he was not authorised to speak to the media.

If the sukuk issue had gone ahead in December, as earlier planned, it would have been the biggest Islamic bond deal of 2014.

The Malaysian fund, which owns 16 power and desalination plants in six countries, has been dogged by controversy over its nearly $12 billion debt pile and criticised for a perceived lack of transparency.

1MDB is also expected to withdraw from the 3B power project, another source familiar with fund's plans said, adding that an announcement would be made soon.

Malaysian media had reported on Saturday that 1MDB may pull out, thereby allowing Malaysia's largest power group Tenaga Nasional Bhd ( Financial Dashboard) to take over the project.

1MDB declined to comment on either its sukuk plans or the power project. A spokesman for Tenaga Nasional said the company was unaware of such reports.

1MDB partnered with Mitsui & Co Ltd to win the bid for Project 3B in February last year, beating YTL Power International ( Financial Dashboard), Tenaga Nasional Bhd and Malakoff Corp Bhd . The greenfield power plant was expected to start operations in 2018 and run for 25 years, but has been hit with delays.

The loss of the power project may further dampen investor interest in 1MDB's planned $3 billion power IPO, which is expected later this year.

The company hired Malaysian investment banker Arul Kanda as its new president last month who has embarked on a strategic review of the firm's operations.

It may also look at selling some property assets as part of its new CEO's plan to overhaul the company, people familiar with the matter said.

leek, how confidence the IPP extension is coming? :)

leek: SBB only back after AGM la.

still uptrend.

It is too late to convert now. the mother share will be adjust 10 cents down after dividend ex on 29-Oct-2014.

Good news or bad news?

http://www.theedgemarkets.com/my/article/francis-yeoh-exercises-ytl-power-warrants

SBB lai liao bor?

no YTLPower?

if you notice yesterday announcement on SBB is the same as on 3-Sep-2014. Most likely an error in the reporting.

what would FY do , declare dividend for this Q4? Cancel treasury share? or both? or both also none?

SELL!!! WB!!! sell it to 30 cents!!!

What are the chances WB reach 30 cents? historical low is 36.5 cents!