BUY!!!! WB

leek, Vietnam is building 8 power plants but it is all Nuclear type. Mainly Russian technology.

leek, any lead?

yes sapu all WB!!!

now 50 cents!!!

Did not see TNB union come out to protest direct deal with TNB!!!

CIMB Research remains positive on YTL Power


KUALA LUMPUR: CIMB Equities Research remains positive on YTL Power's outlook, underpinned by new power plant bids, which could catalyse its stock.

It said on Tuesday newspaper reports suggest that the Johor Sultan-controlled company is seeking a new partner for Track 4A.

It has been speculated that SIPP has made overtures to Malakoff to build and operate the 1,000-1,400MW combined cycle power plant after its original partner, YTL Power, pulled out due to the public backlash pertaining to the matter.

“If the news is true, we think that it does not bode well for YTL Power as it clearly shows that the directly-awarded Track 4A will not be retendered despite its withdrawal,” it said.

CIMB Research said YTL Power pulled out due to the public backlash as a result of the project being directly awarded as opposed to an open tender method.

“As such, we do not think that SIPP will be looking for a new partner for the time being given that the direct award issue still stands and could be subject to more scrutiny,” it said.

The research house also said while the Energy Commission has stated that the status quo remains regarding the project, “we think that it will likely be retendered” to remove the notion of an unfair, privately-negotiated deal between the parties.

Furthermore, Malakoff is currently in the midst of resolving issues affecting its own coal power plant, which gives the impression that it is not in the best position to undertake a new power plant project.

“YTL Power's share price has been dragged down by quite a bit due to this issue with Track 4A. We think that this is an opportunity for investors to accumulate the stock as we remain positive on YTL Power's outlook, underpinned by new power plant bids, which could catalyse its stock,” said the research house.

http://www.thestar.com.my/Business/Investing/2014/07/08/CIMB-Research-remains-positive-on-YTL-Power/

usually EPF buy or sell is Open market.

babu, it is under direct business transaction. will not appear in the trade.

ASB still have 337 Million of YTLP share!!!

KUALA LUMPUR (June 19): The Malay Economic Action Council (MTEM) has called upon the YTL Group and its high-profile managing director Tan Sri Francis Yeoh to “prove their innocence of cronyism”.

Francis Yeoh has come under fire after he said recently Malaysia needed to do away with “crony capitalism” like foreign countries, although Yeoh was himself widely seen as a crony of former Prime Minister Tun Dr Mahathir Mohamad who granted the first IPP concession to YTL.

Yeoh, who two weeks ago denied he was a crony of Mahathir, also faced criticisms from UMNO-owned newspapers and Mahathir himself last week.

At a press conference today, MTEM chief executive officer Mohd Nizam Mahshar pointed out that YTL has benefitted significantly through contracts awarded via direct negotiations with the government since 1955.

Some of the projects named were the IPP (independent power plant) concessions awarded for the Paka and Pasir Gudang Power Stations and the 1BestariNet project.

YTL, which was started by Francis’ grandfather as a small construction contractor getting jobs from the government, has expanded tremendously locally and globally under the leadership of Francis Yeoh in the 1990s.

YTL Corporation now operates in various segments including utilities, construction, IT, hotel, cement manufacturing, and property investment. Its subsidiaries that are listed on Bursa Malaysia include YTL Power International, YTL e-Solutions and YTL Land & Development.

“From MTEM’s side, we ask Yeoh as managing director of YTL Corp to prove their innocence. Prove that they were not cronies,” said Nizam.

MTEM wanted YTL to prove that the contracts won had benefitted the Malaysian people, specifically the Bumiputeras, and whether there are any “wealth sharing prospects” to address the wealth disparity in Malaysia.

When asked whether the government is the sole responsible party to address the issue of wealth disparity, Nizam answered: “No, it is not just the government’s responsibility. This is a job for the government, the private sector and even the civil societies.”

Nizam added that MTEM does not view YTL as the only “felon” in this matter, but said that there are many other Malaysian companies also guilty of the accusations.

However, Nizam declined to name other companies and said that MTEM wanted to focus on YTL for now.

“All these companies, YTL included, benefited in one way or another from the government’s good graces in the past but have yet to repay the favour , and in this case, by addressing income and wealth disparity in Malaysia.

“From our side, we would be happy to host a roundtable session with Francis Yeoh and other companies of similar calibre, to discuss disparity and wealth sharing in Malaysia which MTEM considers a national agenda,” said Nizam.

http://www.theedgemalaysia.com/business-news/295322-highlight-ytl-francis-yeoh-urged-to-prove-innocence-of-cronyism-by-malay-business-ngo.html

SELL SELL SELL!!! Cheap sales!!! SELL

National electricity provider Tenaga Nasional Bhd (TNB) has distanced itself from the controversial multi-billion ringgit Johor power plant Track 4A, amid a backlash against the plant and Tan Sri Francis Yeoh’s (pic) YTL Power International Berhad (YTL) role in it.

“TNB would like to reaffirm that we have not had any prior discussions with any parties regarding the matter. As of now, we can confirm that we only received the offer letter and refute claims or assumptions that we are already part of the consortium.

“We are evaluating the offer and also our role in this project before concluding if it is favourable for TNB to participate by July 25, 2015,” TNB president and CEO Datuk Seri Azman Mohd told reporters.

YTL, the Johor ruler's SIPP Energy Sdn Bhd and TNB have been awarded the Track 4A combined gas cycle project that could generate up to 1,400 megawatt (MW) of power under a controversial directly negotiated deal.

Azman today received a memorandum protesting against YTL and TNB’s role in the power plant from four unions representing the 34,900 members and TNB employees at its headquarters in Kuala Lumpur.


The unions – Persatuan Eksekutif TNB, Kesatuan Pecantuman Pekerja-Pekerja Tenaga Nasional Bhd, Tenaga Nasional Berhad Junior Officers Union and Persatuan Unit Keselamatan TNB – said YTL had caused massive losses to TNB since it signed the power purchase agreement (PPA) in 1993.

“TNB has not received a single benefit since dealing with YTL in 1993. In fact, the first generation PPA with TNB has placed a financial burden on TNB, as it was forced to pay higher costs for energy than it could produce,” the memorandum read.

“Based on the figures and information we received, it is understood that TNB has paid more than RM20 billion to YTL.

“We oppose and urge TNB to reject any conditional offer given by the EC to the YTL, SIPP and TNB consortium to develop the Track 4A project in Pasir Gudang, Johor.”

Azman told reporters that he would take the unions’ grievances into consideration, but added that it was the Energy Commission (EC) and not TNB that decided whether the Track 4A project was awarded to YTL.

“We take seriously the voice of our people (the staff) who expressed their deep concern over the matter.”

Members of the EC have been on the defensive over the award of the Track 4A power plant through direct negotiation, instead of conducting an open tender.

This latest development is because of Yeoh's comments that Malaysia must do away with crony capitalism and take advantage of its ethnic diversity to gain greater economic achievement and compete globally.

TNB Junior Offices Union president Mohd Roszeli Majid said at a press conference earlier today that the union was disgusted by Yeoh’s “insulting comments towards the government”, and noted with irony that YTL had entered into the Track 4A project through direct negotiation just after criticising crony capitalism.

He expressed concern that should this project go on, other IPPs would follow suit and enter into multi-billion power plant deals through direct negotiation.

“If this happens, there will be a domino effect. If YTL starts, other IPPs will follow. So we must quickly put a stop to this,” said Roszeli, adding that this was the first time the unions had ever submitted a memorandum to TNB.

Roszeli said it also wanted TNB to end all deals with YTL as soon as its concessions expired September next year.

“It is befitting for someone who has betrayed the government and ruler to find job opportunities outside this country,” he said.

“It is the first IPP to exist and it is the first contract to expire. We have to make sure YTL is not given any more electricity projects as we have had bad experience with them.”

The Malaysian Insider reported this morning quoted Barisan Nasional (BN) sources as saying that Putrajaya was making overtures to the Johor ruler to find another partner for the project. – June 16, 2014.

http://www.themalaysianinsider.com/malaysia/article/amid-public-backlash-tnb-says-its-not-part-of-johor-power-plant-consortium

Any reason for last Friday huge volume?

http://www.theedgemalaysia.com/business-news/292231-hot-stocks-ytl-aax-padini-fall-after-exclusion-from-shariah-compliant-list.html

Ok. deal!

leek Many thanks. If WB reach 1.60. Will go Ozzy to meet you. hahaha

how you come out with this TP? in how many years?

leek YTLP-WB TP 1.60?

leek Good TP!!!

SBB is back???

Strategy IOI Properties likely to be excluded from FBM KLCI in June review, says RHB Research
Business & Markets 2014
Written by Surin Murugiah of theedgemalaysia.com
Wednesday, 28 May 2014 08:35


KUALA LUMPUR (May 28): IOI Properties Group Bhd is likely to be excluded from the FBM KLCI during the semi-annual review of the FBM Index Series that would will be announced on 5 June and changes to the index components will take effect on 23 June, according to RHB Research.

In a strategy note Wednesday, the research house said the replacement candidates included KLCC Stapled Group (Neutral, FV: RM6.96), YTL Power (Neutral, FV: RM1.71) and Bumi Armada (Buy, FV: RM4.54).

RHB Research said IOI Properties was ranked 43rd on the Top 50 stocks list by full market capitalisation.

It said that based on the FBM Index Series ground rules, a security will be removed if its market cap ranking drops to 36th or below, while a security will be inserted into the FBM KLCI at the periodic review if its ranking by full market cap rises to 25th or above.

“There are no non-component stocks ranked 25th or higher.

“Accordingly, we expect IOI Properties to drop out of the index component list,” said the research house.

RHB Research said the stock was only separately included into the FBM KLCI following the company’s demerger from IOI Corporation in January.

It said there were no other component stocks whose market cap ranking was 36th or lower.

The second smallest component stock is UMW Holdings at no. 30, it said.

“While the highest ranked non-component stock is Nestle, it is unlikely to make the cut due to liquidity concerns.

“The next three highest ranked stocks are KLCC Stapled Group, YTL Power and Bumi Armada – all of which are on the Reserve List with an investability weight of 25%, 45% and 46% respectively,” said RHB Research.

http://www.theedgemalaysia.com/business-news/291615-strategy-ioi-properties-likely-to-be-excluded-from-fbm-klci-in-june-review-says-rhb-research-.html

TNB unions concerned over power plants being awarded on directly negotiated basis

by m. shanmugam AND yvonne tan






PETALING JAYA: The controversy surrounding the process of awarding a gas-fired power plant, supposedly to be located in Johor, on a direct negotiated basis has picked up in pace with unions of Tenaga Nasional Bhd joining in the fray to register their concerns on the matter.

Union officials had a meeting with Energy Commission (EC) chairman Datuk Abdul Razak Abdul Majid yesterday to express their views that the practice of awarding power plants should be continued on a competitive tender process to ensure efficient price discovery.

An official aligned to one of the three unions in TNB said their concern was that should the competitive tender exercise be discarded, it would result in a higher price for consumers.

“Consumers will complain of the higher price and the brunt will be felt by union members as the frontline officers dealing with consumers.

“If the additional cost is not passed on to consumers, TNB has to bear the cost and it will affect its employees,” the official argued.

Speculation is rife that the EC is in the process of awarding a new combined cycle gas turbine power plant with a capacity of 1,400MW to be based in Johor on a directly negotiated basis, going against the rationale of open bidding that has been adopted by the commission since 2011.

The plant in Johor is expected to be commissioned by 2018.

The unions had already voiced their concern over the awarding of power plants on a directly negotiated basis during the visit by Prime Minister Datuk Seri Najib Tun Razak to TNB on May 16.

Chairman Abdul Razak was reported to have said that there had not been any change in the EC’s position of adopting a competitive tender in the awards of power plant.

The urgency for a power plant in Johor came about following a blackout in some southern states two weeks ago due to a trip in a power plant in Manjung. There were reports that the blackout prompted the Government to consider fast-tracking the awarding of contracts to build new power plants.

Towards this end, there have been suggestions that the practice of adopting competitive tenders to award power plant contracts be replaced with directly negotiated contracts with interested parties to expediate the process.

But this has raised concerns that it would result in inefficient pricing and that TNB would be saddled with too much capacity.

Power sector sources said that in relation to the location of a new power plant in Johor, TNB needed to build a 500kV tranmission line from Yong Peng to Lenggeng in Negri Sembilan to ensure a stable transmission system.

This is expected to cost at least RM1bil and the line would only be completed by 2019.

“If the plant were to come up before the line, TNB would be holding excess capacity and cost would be reflected on its balance sheet,” the source said.

Only in 2011 was the awarding of power plants based on a competitive basis. The EC was given the mandate to handle the awards based on a competitive process. Prior to that, the awarding of power plants was on a directly negotiated basis and handled by the Economic Planning Unit.

As at press-time, the EC did not respond to StarBiz queries.

http://www.thestar.com.my/Business/Business-News/2014/05/28/TNB-unions-concerned-over-power-plants-being-awarded-on-directly-negotiated-basis/

Direct negotiations for new power award?
By ZAIDI ISHAM ISMAIL | xydee@mediaprima.com.my


1,400MW JOHOR PLANT: Talk is rife that YTL Power-led consortium will get project

THE Energy Commission is expected to award either the Track 4A or 4B power plant projects via direct negotiations and not through competitive bidding, as has been the practice since 2012.

An industry source said speculation is rife that a consortium led by YTL Power International Bhd will bag the multi-billion ringgit project.

The source said the commission is expected to release a letter of award to a private company for the contract to build a 1,400 megawatt closed-cycle gas turbine power plant in Johor, to be completed in 2018.

"The commission has also told grid owner (Tenaga Nasional Bhd) to do whatever necessary to expedite the completion of the southern line 500-kilovolt link."

The yet-to-be completed southern link, which links Lenggeng in Negri Sembilan to Yong Peng in Johor, will provide the interconnection between the new power plant and the national grid.

"Although the commission was told officially last year that the southern link can be completed by December 2019, it now wants an earlier completion date."

Its officials could not be reached for comments.

Meanwhile, a source said the whole development is untenable as TNB definitely cannot sign the power purchase agreement while knowing that the southern link may not be completed before the new power plant starts generating electricity.

"If TNB were to do that, it would end up paying capacity payments for power that it couldn't evacuate."

Capacity payments are payments made by TNB to independent power producers for the extra power generated irregardless if it is used, or not, by consumers

The new development is in stark contrast with the commission's previous stance, which, in late October 2012, introduced a competitive and transparent tender system in commissioning new power plants in order to promote a more efficient energy sector.

Its chairman Datuk Abdul Razak Abdul Majid had said earlier this month that multi-billion ringgit power plant projects under Track 4A and 4B will be awarded via competitive bidding.

So far, the commission has awarded contracts to build Track 1, 2, 3A and 3B through such a bidding process.

Business Times last month reported that preparation works are in progress for the construction of Track 4A and 4B.

The construction, which will cost a combined RM8 billion to RM10 billion, was expected to start by the middle of next year.

Read more: Direct negotiations for new power award? - Today's Paper - New Straits Times http://www.nst.com.my/business/todayspaper/direct-negotiations-for-new-power-award-1.606448#ixzz32y7kR1Gy

http://www.nst.com.my/business/todayspaper/direct-negotiations-for-new-power-award-1.606448

http://www.theedgemalaysia.com/highlights/289755-highlight-expedite-planting-up-after-blackouts-hl.html

http://st.gov.my/images/tender/2013/Press_Release_Project_3B.pdf

EPF sell before share dividend announcements

can someone request the latest shareholding from the company?

can someone ask EPF to buy from LTH!!! hahaha

https://www.dropbox.com/s/iqjk16h3te7kf4v/1480127196--2088271769.pdf

HLIB on YES

structured warrant exercise price will be adjusted as well

http://www.theedgemalaysia.com/business-news/276122-ireka-privatisation-fails-to-get-shareholders-nod.html

1.78 is the critical support level

2.5 cents

annouced earlier!!!

Tmr announce Q result.

http://www.reuters.com/article/2014/02/13/malaysia-press-zurich-insurance-idUSL3N0LI05G20140213

Expect some correction on YTLP

Green Packet expected to reveal P1 buyer this month-Malaysian Reserve

Green Packet Bhd is expected to announce the successful buyer of its stake in WiMax operator Packet One Networks (M) Sdn Bhd (P1) within this month, according to sources.

It is understood that the final papers are being approved and an announcement is expected within the next few weeks by its managing director and chief executive officer Puan Chan Cheong, said a source who did not name the successful bidder.

The shortlist of prospective buyer includes DiGi.com Bhd , YTL Power International Bhd and Telekom Malaysia Bhd.

"The deal is highly competitive and secret. We would have to wait and see," the source said.-Malaysian Reserve

http://www.thesundaily.my/news/954892

Government not in a hurry to roll out Project 3B
Posted on 12 February 2014 - 05:36am

sunbiz@thesundaily.com
Print

KUALA LUMPUR (Feb 12, 2014): The Energy Commission (ST) has not awarded the 2,000MW Track 3B coal-fired power plant project (Project 3B), said Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili.

He was responding to a news report which claimed that the ST is due to announce the winning bidder of Project 3B as early as yesterday.

"No, it will not be announced today (Feb 11). It has not come to a conclusion, as there are still necessary processes to be completed," Ongkili told reporters on the sidelines after Tenaga Nasional Bhd's Chinese New Year charity lunch here yesterday.

The winner of the power plant project will be decided "in due course", he added.

Ongkili said the government is not in a hurry to roll out the proposed Project 3B, adding that there is no delay on the project as the tender process has already taken place.

An English daily reported that 1 Malaysia Development Bhd is likely to be named the preferred bidder for Project 3B, as the company had submitted the most competitive bid over the early favourite YTL Power International Bhd.

FY is using YTLP money to increase the YTL stake in the YTPL thru sbb and share cancellation, once it reach his target number sbb will stop. After that YTLP will start to give dividend which will enrich YTL shareholder more since it own more of YTLP shares.

1MDB's bid of 25.33 sen/kWh less than 1pc higher than YTL's


1MALAYSIA Development Bhd (1MDB) could be announced as the winner of a multi-billion ringgit power plant project as early as today at the expense of YTL Power International Bhd.

Sources said the Energy Commission (EC) has picked 1MDB to build a 2,000 megawatt power plant, coded Track 3B, after the company had submitted the most competitive bid.

It is now up to the Cabinet to decide on the winning bid, and sources said this could be made at a meeting today.

According to the sources, 1MDB was chosen ahead of early favourite YTL Power after the EC had looked at the overall cost.

"It looks like 1MDB has come out cheaper overall, after taking into account both the bid tariff as well as additional costs incurred to deliver electricity to consumers," a source said.

YTL Power had put in the lowest bid at 25.12 sen per kiloWatt hour (kWh), while 1MDB's bid is less than one per cent higher at 25.33 sen/kWh.

However, additional costs from potential transmission losses due to YTL Power's proposed plant site being three times further from the major load centre compared with 1MDB's site, played to the latter's advantage.

1MDB has proposed to build its power plant next to its recently-acquired 1,400MW coal-fired power station in Jimah, Negri Sembilan.

The sources said all bidders, with the exception of YTL Power, had proposed plant sites that are located within the country's major load centre.

YTL Power's site in Tanjong Tohor, Johor, is roughly 160km from the primary load centre, they noted.

The sources said YTL Power's boiler supplier also has lesser experience and an untested track record compared with all other bidders, which would potentially put energy supply at risk.

"To compare bids, the impact on total system costs has to be taken into account. Additional costs to the government, mainly to be borne by Tenaga Nasional Bhd, include transmission line losses and likely construction of new transmission lines that can run into hundreds of millions of ringgit," the source explained.

"We have to look beyond the bid price to the overall costs that in the end will be borne by consumers and the taxpayers. When the government looks at transmission line losses and the prospect of major new infrastructure cost, the real cost of electricity in this bid is a lot higher," the source added.

Industry players have estimated between two and five per cent transmission losses, depending on the capacity of the transmission line.

A rough calculation shows that a two per cent transmission loss will bump YTL Power's tariff to 25.62 sen/kWh, while a five per cent transmission loss will mean its tariff balloons to 26.38 sen/kWh.

Even in the best case scenario, the group's bid price is higher than 1MDB's 25.33 sen/kwh, the source said.

This has also not taken into account any infrastructure costs that will likely come with having a plant in Tanjong Tohor.

Read more: 1MDB to land power project? http://www.btimes.com.my/Current_News/BTIMES/articles/20140210234230/Article/index_html#ixzz2syA9TCVe

most likely cancel to enhanced EPS.

cheap sales 64.5 cents