@joelyk for tradingview it just follow the candle color.

@joelyk red mean close below yesterday, green mean close above

today also Quadruple witching day.

Hapseng
https://www.tradingview.com/x/lrJy4Hu7/

YTLPower
https://www.tradingview.com/x/EV4vxryr/

same things happened to Hap Seng just before the inclusion into FTSE Global Equity Index Series Asia Pacific ex Japan ex China

WOW, record volume before inclusion into the FTSE Asia on 18-Sep-2023

https://www.tradingview.com/x/s3DOWosi/
Nearer to EMA20 already. healthy corrections!!!

@dragon328 everyone is crazy about suppling RE to Singapore. See this one, just revive not sure feasible or not. :)
https://cleantechnica.com/2023/09/11/sun-cable-plan-to-bring-solar-power-to-singapore-is-back-on/

@dragon328 based on 3.2B Profit in 2024,let's rolls

Year PAT #Share(B) Price Market Cap(B) P/E
2010 1.211 7.195 1.43 10.29 8.50
2023 2.022 8.158 $2.13 17.38 8.59
2024 3.200 8.158 $3.14 25.60 8.00
2024 3.200 8.158 $3.53 28.80 9.00
2024 3.200 8.158 $3.92 32.00 10.00
2024 3.200 8.158 $4.31 35.20 11.00
2024 3.200 8.158 $4.71 38.40 12.00
2024 3.200 8.158 $3.37 27.49 8.59

@dragon328 3.60 is a very fair price.

@dragon328 it will be great if it can hit PE 11.5 like TNB and the big cap. ;)

Quite high chance it will hit 10 but above 10 for regulated asset is quite rare. Its industry peer are at PE around 10 now.

Sembcorp Industries 9.9x US$6.69b
ACEA 9.6x US$2.45b

@OTB I prefer to do the price projections to take into consideration of the number of shares. Here are some findings. 2010 data is based on your adjusted price.

Year PAT #Share(B) Price Market Cap(B) P/E
2010 1.211 7.195 1.43 10.29 8.50
2023 2.022 8.158 $2.13 17.38 8.59
2024 3.000 8.158 $2.94 24.00 8.00
2024 3.000 8.158 $3.31 27.00 9.00
2024 3.000 8.158 $3.68 30.00 10.00
2024 3.000 8.158 $4.05 33.00 11.00
2024 3.000 8.158 $4.41 36.00 12.00

Current PE based on unaudited 4Q results is 8.59. If 2024 can get 3B PAT, there are high chance it will be traded at FPE of 8.0 to 10.00. or the share will be around RM3.1x to RM3.6x. from 2.13 to 3.1x there are still forty over percent gain in 1 year. Just need to monitor it Q to Q and buy on dip. This will make more sense than just compare PAT without taking considerations of NOSI.

in 2010 Annual report, page 47 as of 30Sep2010, the number of shares is 7,195,395,378 with 1,198,223,799 outstanding warrant B. As of today it is 8,158,000,000, so there are different.
link to 2010 Annual report.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=1263689

@OTB, not easy to compare 2010 profit and profit now to corelate to the possible future share price, the number of share is difference in 2010 and 2023.

Gentari International is owned by Petronas.

@dragon328, thanks. Look like average USEP is quite normalized at current level.

https://www.ema.gov.sg/news-events/news/media-releases/ema-grants-conditional-approvals-for-2gw-electricity-imports-from-indonesia

Pacific Medco Solar Pte Ltd, formed by PacificLight Renewables Pte Ltd, Medco Power Global Pte Ltd and Gallant Venture Ltd 0.6GW
Adaro Solar International Pte Ltd., formed by PT Adaro Clean Energy Indonesia 0.4GW
EDP Renewables APAC 0.4GW
Vanda RE Pte Ltd, formed by Gurin Energy Pte Ltd and Gentari International Renewables Pte Ltd 0.3GW
Keppel Energy Pte Ltd 0.3GW

@dragon328 look like spot LRMC is trending higher.
any comment on this. kamsia.

https://www.ema.gov.sg/resources/statistics/data-for-the-temporary-price-cap--tpc--mechanism

@ChloeTai, I am using kentrade to export out the data sorted by Market cap of all KLSE counters. you can try "simply wall dot st" but it is not the latest info, maybe a few days lagging. Dunno why i3 does not allow to paste the address here.

@ChloeTai
Ranking Code Stock M-Cap
1 1155 MAYBANK $110,174,721,620.88
2 1295 PBBANK $82,495,439,873.75
3 1023 CIMB $60,684,456,599.52
4 5183 PCHEM $57,360,000,000.00
5 5347 TENAGA $57,063,092,248.06
6 5225 IHH $51,961,249,631.70
7 6947 CDB $51,149,374,827.68
8 5819 HLBANK $42,920,822,023.20
9 8869 PMETAL $40,291,730,934.42
10 6033 PETGAS $33,875,890,384.80
11 6012 MAXIS $32,816,403,090.90
12 3816 MISC $31,916,120,686.45
13 4707 NESTLE $30,485,000,000.00
14 5285 SIMEPLT $29,668,415,638.29
15 1961 IOICORP $25,455,055,929.75
16 1066 RHBBANK $24,260,730,251.66
17 2445 KLK $22,917,577,042.00
18 5681 PETDAG $22,551,405,800.00
19 6888 AXIATA $22,488,757,225.90
20 4065 PPB $22,363,255,321.08
21 1082 HLFG $20,540,552,331.00
22 4863 TM $19,874,281,336.00
23 6742 YTLPOWR $17,376,984,611.94
24 4677 YTL $16,864,826,380.20
25 3182 GENTING $16,670,653,225.70
26 4715 GENM $15,379,535,638.32
27 4197 SIME $14,926,158,693.63
28 5296 MRDIY $14,348,539,611.84
29 7084 QL $13,385,114,264.50
30 5235SS KLCC $12,204,051,641.08
31 1015 AMBANK $12,163,058,377.48
32 5014 AIRPORT $12,097,019,632.00
33 7277 DIALOG $11,856,417,472.20
34 5398 GAMUDA $11,700,587,347.12
35 5246 WPRTS $11,457,600,000.00

YTLPower rank 23 this week after today close

https://theedgemalaysia.com/node/681787

Singapore approves import of two gigawatts of low-carbon power from Indonesia
By Fransiska Nangoy / Reuters
08 Sep 2023, 02:00 pm

JAKARTA (Sept 8): Singapore's Energy Market Authority has given conditional approval for the import of two gigawatts of low-carbon electricity from a solar power project in Indonesia, a Cabinet minister said on Friday.

Singapore and Indonesia will soon sign a memorandum of understanding for the import, Singapore's Minister of Trade and Industry Tan See Leng told a forum in Jakarta on sustainability.

"Singapore's target is to import four gigawatts of low-carbon electricity by 2035. The fact that half of this would come from Indonesia is testament to our comprehensive and our long-standing partnership," said Tan.
The two gigawatts of power supply will be sourced from projects developed by five Indonesian and Singaporean companies, which collectively have proposed to install about 11 gigawatt-peak of solar photovoltaic capacity and 21 gigawatts of battery storage capacity in Indonesia, he added.

Indonesia's Deputy Minister for Maritime and Investment Affairs Rachmat Kaimuddin said he hopes such cooperation with Singapore would boost Indonesia's solar panel industry.

Indonesia has pushed back to 2025 its requirement for 60% of components of solar panels to be made locally, a measure aimed at encouraging further investment.

ID Code Stock Prv Close High Low B-Q Buy Sell S-Q Last Chg L-V Vol VWAP T-O Chg% Status M-Cap
1 1155 MAYBANK 9.17 9.19 9.12 337200 9.14 9.15 591200 9.15 -0.02 2000 2693600 9.1447 - -0.22% Active $110,295,262,891.80
2 1295 PBBANK 4.25 4.25 4.21 858200 4.23 4.24 352300 4.24 -0.01 500 2800500 4.2317 - -0.24% Active $82,301,332,956.40
3 1023 CIMB 5.74 5.75 5.68 194000 5.69 5.7 168200 5.69 -0.05 500 2276400 5.7082 - -0.87% Active $60,684,456,599.52
4 5183 PCHEM 7.17 7.19 7.12 154700 7.17 7.18 292400 7.18 0.01 500 757800 7.1672 - 0.14% Active $57,440,000,000.00
5 5347 TENAGA 9.87 9.9 9.85 21800 9.88 9.89 102400 9.88 0.01 100 766200 9.8889 - 0.10% Active $57,178,838,885.48
6 5225 IHH 5.91 5.93 5.89 143700 5.9 5.91 74000 5.9 -0.01 100 313200 5.9006 - -0.17% Active $51,961,249,631.70
7 6947 CDB 4.39 4.44 4.32 57900 4.36 4.37 32200 4.37 -0.02 500 768900 4.3672 - -0.46% Active $51,266,689,907.56
8 5819 HLBANK 19.8 19.8 19.66 30000 19.78 19.8 34800 19.78 -0.02 100 93600 19.7471 - -0.10% Active $42,877,467,657.52
9 8869 PMETAL 4.92 4.91 4.86 37800 4.9 4.91 67500 4.91 -0.01 500 671500 4.8995 - -0.20% Active $40,456,523,289.98
10 6033 PETGAS 17.16 17.2 17.14 25200 17.14 17.16 24400 17.16 - 200 186000 17.1633 - - Active $33,955,039,661.40
11 6012 MAXIS 4.12 4.19 4.1 155300 4.16 4.17 36100 4.17 0.05 500 1163200 4.1605 - 1.21% Active $32,659,761,548.70
12 3816 MISC 7.17 7.16 7.11 267100 7.15 7.16 98100 7.15 -0.02 200 407400 7.1482 - -0.28% Active $31,916,120,686.45
13 4707 NESTLE 130 130.2 129.4 2500 129.7 130 500 130 - 300 16300 129.8405 - - Active $30,485,000,000.00
14 5285 SIMEPLT 4.35 4.34 4.3 224600 4.3 4.31 108800 4.3 -0.05 400 422200 4.3114 - -1.15% Active $29,737,572,784.30
15 1961 IOICORP 4.05 4.07 4.01 68600 4.04 4.05 68800 4.05 - 700 376800 4.0455 - - Active $25,455,055,929.75
16 1066 RHBBANK 5.68 5.68 5.63 103600 5.66 5.67 89200 5.67 -0.01 200 1630700 5.6545 - -0.18% Active $24,303,593,732.67
17 2445 KLK 21.34 21.4 21.3 28600 21.34 21.36 17300 21.34 - 100 211900 21.3383 - - Active $23,068,919,531.90
18 6888 AXIATA 2.47 2.48 2.46 166600 2.46 2.47 172800 2.47 - 2400 1172000 2.4705 - - Active $22,672,338,917.54
19 5681 PETDAG 22.8 22.9 22.66 3100 22.68 22.7 3100 22.7 -0.1 200 237700 22.761 - -0.44% Active $22,551,405,800.00
20 4065 PPB 15.86 15.88 15.8 600 15.82 15.84 11700 15.82 -0.04 100 43000 15.8301 - -0.25% Active $22,505,515,214.98
21 1082 HLFG 18 18.06 17.96 24800 18 18.06 21500 18 - 100 25800 18.0016 - - Active $20,655,304,020.00
22 4863 TM 5.16 5.17 5.14 227900 5.15 5.16 189800 5.15 -0.01 1800 1116400 5.1599 - -0.19% Active $19,683,182,477.00
23 6742 YTLPOWR 2.1 2.24 2.09 389500 2.14 2.15 582600 2.14 0.04 100 30284500 2.1861 - 1.91% Active $17,458,566,699.32
24 4677 YTL 1.48 1.58 1.48 1374000 1.52 1.53 789100 1.53 0.05 1800 30809300 1.5388 - 3.38% Active $16,864,826,380.20
25 3182 GENTING 4.31 4.33 4.3 364200 4.3 4.31 149100 4.3 -0.01 900 837200 4.3121 - -0.23% Active $16,670,653,225.70
26 4715 GENM 2.59 2.59 2.58 364000 2.58 2.59 706100 2.58 -0.01 500 2301900 2.5837 - -0.39% Active $15,320,155,191.84
27 4197 SIME 2.18 2.22 2.18 507100 2.18 2.19 23500 2.19 0.01 2000 2026900 2.194 - 0.46% Active $14,926,158,693.63
28 5296 MRDIY 1.5 1.52 1.49 315300 1.51 1.52 144600 1.52 0.02 500 1779400 1.5057 - 1.33% Active $14,348,539,611.84
29 7084 QL 5.48 5.52 5.47 42000 5.5 5.51 51200 5.5 0.02 500 365000 5.4993 - 0.37% Active $13,385,114,264.50
30 5235SS KLCC 6.77 6.77 6.75 18600 6.77 6.79 100 6.77 - 800 19500 6.7625 - - Active $12,222,104,971.91
31 1015 AMBANK 3.67 3.69 3.66 232100 3.67 3.68 243900 3.68 0.01 600 1316900 3.678 - 0.27% Active $12,196,200,225.92
32 5014 AIRPORT 7.4 7.4 7.29 52100 7.29 7.3 79200 7.29 -0.11 100 411800 7.3447 - -1.49% Active $12,163,761,809.28
33 7277 DIALOG 2.18 2.18 2.13 136000 2.13 2.14 120000 2.13 -0.05 2000 814800 2.1467 - -2.29% Active $12,025,794,864.66
34 5398 GAMUDA 4.32 4.35 4.3 293200 4.33 4.35 66000 4.35 0.03 2100 1752200 4.3233 - 0.69% Active $11,727,547,225.80

@ChloeTai as of now

@OTB, you are right!!! adjusted for Dividend, it is ATH!!! See monthly chart below.

https://www.tradingview.com/x/VTVxZhpg/

look like RM2.20 is a pretty hard resistance to break and stay. It is the highest point in 2011.
If break and stay, ATH is within reach. Below the monthly chart.
https://www.tradingview.com/x/1cCdHwwW/

https://www.businesstoday.com.my/2023/09/07/new-sc-guideline-will-allow-fractional-share-trading-effective-immediately/

anyone try Yes wireless broadband for home?

@OTB, with 2023 EPS of 24.96 in 2023FY and payment of 2.5 cents dividend and coming 3.5 cents, hopefully there will be a special dividend for all. for the past years, it pay more than 50% of the earning as dividend. Some year as high as 90% of earning. 10 cents will be very good!!!

@dragon328 of course the coupon will be higher if issued now, big insurance company will most likely to buy bond for their fix income portfolio, sometime stock exposure for them is too big, especially saving fund. there sure to be market for them.

@dragon328 of course no free money, cheap funding for projects and fixed coupon.

@dragon328 2008 bond issues detail link is below for you to have a look.


https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=1251972

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE

- PROPOSED ISSUANCE OF UP TO RM2,200,000,000 NOMINAL VALUE OF 5-YEAR REDEEMABLE BONDS WITH DETACHABLE PROVISIONAL RIGHTS TO ALLOTMENT OF UP TO 2,215,122,727 WARRANTS ("WARRANTS") ON A BOUGHT DEAL BASIS TO THE PRIMARY SUBSCRIBER(S) AT 3.00% COUPON OR SUCH OTHER COUPON RATE TO BE DETERMINED NEARER TO THE POINT OF ISSUANCE ; AND

- PROPOSED OFFER FOR SALE BY THE OFFEROR(S) OF THE PROVISIONAL RIGHTS TO ALLOTMENT OF UP TO 2,215,122,727 WARRANTS TO THE EXISTING SHAREHOLDERS OF YTL POWER ON A RENOUNCEABLE RIGHTS BASIS OF THE PROVISIONAL RIGHT TO ALLOTMENT OF ONE (1) WARRANT FOR EVERY THREE (3) EXISTING ORDINARY SHARES OF RM0.50 EACH HELD IN YTL POWER ON AN ENTITLEMENT DATE AND AT AN OFFER PRICE TO BE DETERMINED LATER

@dragon328 if you follow YTLPower over the decades, you will notice it always issues bond with detachable warrants to attract bond buyer who enjoy immediate premium of the warrants and at the same time make shareholder happy. In 2000 it is 4 for 1, in 2008 it is 3 for 1. With the exercising of the warrants, it share capital enlarge over the years gradually. I will say, it kill many birds with 1 stone.
1) Bond holder is happy.
2) Long term Shareholder is happy and rewards
3) Cheap capital for the company
4) Gradual increase of the company share capital.
5) With bond issues, FCF can be use to pay more dividend to YTL.

Tan Sri like to keep more cash for opportunities grabbing.

There high possibilities of near term issues of redeemable bond with detachable warrants for YTL Power to raise fund to finance the WTE and Kulai Green DC expansion like in 2008 and 2000. @dragon328 what is your thought on this?

https://www.tradingview.com/x/Ogf7zF7X/
nice consolidation

good consolidation!!! up too fast. 2.00/2.01 is first major support.

more on YTL Data Center from link below.
https://ytldatacenters.com/about/press-releases/

@dragon328 YTL Johor Data Center 1 should have total capacity up to 72MW.
https://www.mida.gov.my/media-release/ytl-data-centers-and-sea-break-ground-with-the-rm1-5bil-first-phase-of-the-500mw-ytl-green-data-center-park-in-johor/

The Kulai DC will have direct fiber link to KL and Singapore.

@xiaochen superb!!!

@dragon328 i thought mid cap is USD 2B to USD10B. small is USD250M to USD 2B

>>>>>>>>>>>>>>>>>
FTSE Global Equity Index Series Asia Pacific ex Japan ex China
Regional Index, Japan Regional Index and China Regional Index
Semi-Annual Review - Amendment
24 August 2023
The Semi-Annual review of the FTSE Global Equity Index Series - Asia Pacific ex Japan ex China, Japan
and China: constituent changes can be accessed via the attachments below.
The changes will be effective after the close of business on Friday, 15 September 2023 (i.e. on Monday,
18 September 2023).
Please note: Index review changes included within the attached files may be subject to revision until
close of business Friday, 01 September 2023. Effective Monday, 04 September 2023, the index review
changes will be considered final. Any subsequent changes will generally only be considered in
exceptional circumstances, in accordance with the FTSE Russell recalculation policy and guidelines.

>>>>>>>>>>>>>>>

Note on the effective date.
B01GQS6 YTL Power International Malaysia Add to Small

I just read report in the details, YTLPower is added to small cap, look like it will move to Mid cap in next review based on the market cap now. Currently YTLPower is around 24/25 largest company in KLSE based on market cap.
By year end review, it should be part of FBMKLCI. Sembcorp Industries move from Mid to Large cap.

B08X163 Sembcorp Industries Singapore Mid to Large

18-Sep-2023 will be an important date when this inclusion take effect. Have a great weekend. @dragon328, how do you think of this?

@dragon328 thank you for the explanation.

@dragon328 how do you come out with the net cash position of RM1.0 to 2B for holding company?

New TP - Kindly add in

TA - 2.40
RHB-OSK - 2.21
Kenanga - 2.14
AmInvest - 2.30
CGSCIMB - 2.40
HLIB - 2.90

by 1Dec2023 it will be parts of FBMKLCI powering KLCI higher with Malaysia NETR project.

Repost - Other bank TP
By Ying Xian Wong

YTL Power International Bhd. shares jumped early Friday helped by optimism over its outlook after it posted robust fiscal fourth quarter earnings.

Shares in the Malaysia-listed company rose as much as 11% and were recently 6.3% higher at 1.86 ringgit, bringing their year-to-date gain to 162%.

YTL Power late Thursday said its fiscal fourth-quarter net profit was sharply higher at MYR1.13 billion ($243 million), compared with MYR412.4 million in the same period a year earlier. The rise was mainly due to higher contributions from its Singapore power plant and higher investment income. Quarterly revenue increased 56% on year to MYR7.09 billion.

Hong Leong Investment Bank believes the company's current valuation is relatively undemanding, given its Singapore's unit strong earnings recovery. It raised YTL Power's stock target price to MYR2.90 from MYR2.05 and maintained its buy rating.

YTL Power's fiscal 2024-2025 earnings forecasts were raised 31% and 80%, respectively, to factor in higher expected revenue and improved margins, Hong Leong analyst Daniel Wong said in a note.

RHB Investment Bank raised YTL Power's target price to MYR2.21 from MYR2.00, and also maintained its buy rating.

YTL's power division could deliver solid earnings in future and profits from its joint venture and associates may improve in fiscal 2024, given it will receive a full year's contribution from its newly launched Jordan plant, RHB analyst Sean Lim said in a note.

Lim raised YTL's fiscal 2024-2026 earnings estimates by 10%-11%, to account for higher contributions from its power generation division as well as profit from its Jordan plant. He added that the company's stock is trading at an attractive valuation of eight times its fiscal 2024 price-earnings ratio, based on RHB's earnings forecasts.

Write to Ying Xian Wong at yingxian.wong@wsj.com

@dragon328, thank you so much, it is very clear now. let track this Q to Q. I think the RE import will be very important for RE100 companies in SG, YTLPower excess RE can be a good export to SG and earn premium price and SGD, do you spent time study this?

Malaysia Singapore interconnector upgrade. https://www.tnb.com.my/assets/newsclip/27102022c1.pdf

@dragon328 next q will be critical whether post TPC implementation, profit will drop a lot

the first 100MW from Malaysia will actually go thru TNB and Power Seraya. Read Section B3. Prospects, 1st Paragraph of the latest quarter report. YTL Power got old infra in Pasir Gudang that is uses to link to TNB national grid.

@idkdontaskmelol you have link to the Kenanga Report?