added more ekovest at 38.5sen

Coal price tumbling 25% in single day from USD 350 to USD 262. Coal price have decrease from Q3 USD 450 till now at USD 262. Coal is major feedstock for cement production, form nearly 50% of cement manufacture cost.

Significant decrease in feed cost + strengthen RM vs USD will boost CMSB profit margin significantly as selling price remain elevated and CMSB is sole cement manufacture in Sarawak.

DUKE 1 and 2 will be listed to monetize after 7 year operation. SPE will be completed very soon these year

Swap to ekovest for better exposure to toll concession

sold at 40sen, wce is need 7-8year to breakeven before making money after highway completion. During these 7-8 year gestation period, interest expense will be higher than toll revenue collection.

added balance at 1.21-1.22

bought back at 39sen

sold back at 41sen

Locked all profit

Sold more at 2.18-2.19

Sold some at 2.16

Upcoming Q4 result

1. Will recognized disposal gain
2. Profit margin expansion on cement due to increase cement selling price by another 5% to RM 305/ton
3. Decrease feedstock thermal coal cost by 15%
4. Weakness input cost at USD denominated currency by 8%

Added balance at 1.15

Reduce feedstock thermal coal from USD 450 in Q3 to USD 360 in Q4 and remain at USD 370 now are major catalyst to cement maker. Cement maker also one of industries get direct beneficial on strengthen RM vs USD.

bought at 2.07

bought at 1.16

Bought back masteel at 37.5sen

sold back at 37sen

Uchitech EPS will be decrease by 20% due to 5/6 product now are taxable at 24%, only 1/6 remain tax exampted.

sold back myeg at 91sen

Initial toll collection mainly to cover interest expense, once traffic volume increase, surplus from toll correction after interest coverage will give net profit forward. Gestation period is small as exsiting Plus highway is too heavy and alternative WCE offer seamless traffic and direct route to destination

Another section linking NKVE will commssion toll correction soon and monetized land for RM 500m by Q1 2023. Together with MoF financing support RM 400m, WCE will speed up to complete other section for toll collection by 2024. All balance section toll collection will commission by Q1 2025.

bought wce at 34.5-35sen

Accumulating more myeg at 84.5sen

Accumulating more ekovest at 35sen

locked balance profit at 45sen

sold back ays at 44.5sen

locked all profit

sold more at 1.64

sold some MSC at 1.62-1.63

bought myeg at 84.5sen

added more ekovest at 34.5sen

sold off balance vis at 71-71.5sen

building up momentum

sold back 69-70sen

Likewise, in Singapre, if Data center wish to get Green certification, center need to source electricity from renewal energy and paid additional premium traffic rate on top of normal Singapore traffic rate SGD31.82. YTLP have given pilot quota to supply 100MW green energy export from Malaysia to Singapore. Another Singapore power supplier, Keppel Eletric secure mandate to import renewal energy from Loas.

Consumers who opt for Green Electricity Tariff (GET) Programme subscriptions will pay:

1. Normal tariff as per the Tariff Schedule + The premium GET rate of 3.7 sen/kWh

The ADDITIONAL premium 3.7sen/kWh payment collected from GET programme will be channeled to Malaysian Electricity Supply Industry Trust Account (MESITA) to support the implementation of national renewable energy agenda and initiatives.

Electricity generated by renewable energy is not supplied to a specific home or business. When you subscribe to GET, TNB will match 100% of your subscription of GET from TNB renewable energy instead of using energy from natural gas or coal-fired power plants. This green energy enters the electric system daily and reduces the amount of energy needed from fossil-fuel based power plants. As more consumers subscribe to GET, the amount of fossil fuel purchases can decrease.

The resources for producing electricity for the purpose of the GET Programme will be from the renewable energy resources as determined and approved by the Energy Commission from time to time.

With the implementation of the GET Programme, the consumers will have an option to purchase green energy without having to install their own solar rooftop or other renewable energy installations.

Consumers enrolled in the GET Programme will receive the Malaysian Renewable Energy Certificate (mREC) which is recognized internationally at the end of each year

Subscribing to GET means that supporting environmentally friendly and green agenda such as to meet your sustainable targets through offsetting electricity’s carbon emission, and boost “eco-friendly” brand image.
In addition, you are supporting growth of the renewable energy industries and reduce reliant on gas or coal-fired power plants.

Remark: Malaysia Data Center, like TM if wan to opt for Green Data Center will have to subscribe GET from TNB, and pay premium traffic rate on top of normal traffic rate in order to get green certification.

Malaysia’s Energy Commission Suruhanjaya Tenaga (ST) has shortlisted bidders, read winners, for its large scale solar (LSS) round 4 or LSS 4, selecting a total of 823.06 MW in total bids. Launched in June 2020, the LSS 4 round offered to contract 1 GW AC solar power capacity in Peninsular Malaysia (see Malaysia Launches 1 GW Solar Tender).

According to the list released by ST, it has shortlisted 323.06 MW under package 1 for projects within 10 MW to 30 MW range. For this category, the accepted tariff range was discovered as RM 0.1850 per kWh to RM 0.2481 per kWh.

Another 500 MW was selected under package 2 for plant capacity of 30 MW to 50 MW with all projects shortlisted having 50 MW capacity each. Tariffs offered for this category ranged between RM 0.1768 per kWh to RM 0.1970 per kWh

Remark: The current tariff price for Singapore is 31.82 cents per kWh (incl. GST) (1 October - 31 December 2022). These is equivalent RM 1.01 perkwh. YTLP have given mandate to pilot supply 100MW from its Kulai solar farm to transmit solar power to Singapore. The profit is too fat to ignore , 500% higher traffic rate than LSS4 to supply solar power from Malaysia to Singapore.

bought back all YTLP at 71.5-72sen

add more msc at 1.55-1.56

today cut loss on jaks at 23.5-24sen, swap to add more msc

Beware, the new warrant only have 3 year validity instead of usual 5 year. It is shorter than masteel warrant and at higher exercise price.

just added all margin line to jaks, all at 24.5sen

If right issue with free warrant is to top up any shortfall from accumulated dividend to exercise addditional 10% stake in Vietname, then is good call. Vietname 30% profit become 40% is indeed good investment. The only setback is all exiting warraant, WB and WC will become white paper due to expire date approaching.

The most important thing is jaks able to record increasinng profit forward. The local loss makinng construction already at tail end, and early next year come with new stream of long term income from 50MW solar plant

10% private placement is still better than right issue or free incentive share to director.

bought jaks at 24.5sen

sold back lionind-wa at 11-12sen

TA is bullish

US chip sunction on China will prompt China to accelerate semiconductor development. China is working on a more than 1 trillion yuan support package for its semiconductor industry, in a major step towards self-sufficiency in chips. Demand of tin in China semiconductor industry will be booming, future of tin is bright