thanks dragon

hope to breakout 76sen, lets hentam CIMB call warrant kau kau

wonder how long cimb can still depress ytlp for its expire call warrant

bought all pharma at 24.5-25.5sen

locked profit at 88.5-89sen

Insas essentially is investment holding company, have no core business operating. Therefore, insas need to conserve cash in order to invest in both listed or unlisted company and highly dependent on these investment return to generate income for insas. Thus, cannot ascribe normal valuation to reach fair value for insas due to fact that it relying on indirect profit from invested company and record profit through dividend/share of profit from invested company.

CMSB is very rare conglomerate and yet in net cash position. Its business empire spanning from cement, construction, property, road maintenance, have associate listed kenanga and kkb + upcoming new phosphorus manufacture plant and newly acquire scomi oil and gas service provider.

Cement main feedstock energy provider thermal coal now at lowest year level, offer great profit margin forward

Strong balance sheet with Net cash 42sen/share + higher cash dividend 3sen, should cushion downside risk while awaiting cement reopening after shutdown maintenance in Q4 to boosts up profitability forward.

Malaysia steel continue loss making, elevated cost input and weak demand.

China now on expansion mode to increase steel capacity to match local demand therefore unlikely to repeat historical steel price now. China is now in better control to curb inflation rate due to commodity price hike

Annjoo Steel headwind - huge debt burden, spike high finance cost, elevated cost operation, weak demand

Good management company and very generous to reward shareholder

Biggest ever unbilled sale RM 1.4 billion to be progressive recognized forward. Turnaround co working office business model is big success for paramount. Strong cash flow allowing paramount to continue rewarding shareholder with 3.5sen final + 2.5 sen interim dividend on top of one off special dividend 12sen

Ekovest continue under transition phase in which tailing end of construction SPE drag down profit, while awaiting opening full toll for collection to boost up profit later after full SPE completion. Finance cost from concession remain big eroding factor offset most of the profit generating. Ekovest is due to unlock DUKE1 and DUKE 2 through listing, unlocking value by pare down debt, boost up profit margin from toll collection

Q4 result much lower than expected mainly due to cement plant under Maintenace, unable to capitalize on higher cement price. Profit also drag down by startup cost for newly built phosphorus plant, which should only commercial operation in 2023.

Overall, CMSB cement division after shutdown for maintenance should benefit strongly from 2023 onward to capitalize on much lower feedstock thermal coal cost and elevated selling price and strong demand volume from Sarawak booming infrastructure work.

CMSB turn from net debt to net cash position RM 427m or about 43sen/share form as much as 31% of current market price and declare 3 sen as dividend.

RTS contract RM 2 billion secure in June 2022 should start kick in some contraction profit

Q4 result should continue post recovery in earning

Expect attractive dividend payout in upcoming Q4 result, dividend 3sen-3.5sen

Yup, many expect HRS, but budget constraint limited gov now. However, its matter of time for gov to resume HRS as growing concern over Thailand and Singapore keen to up to China to speed up trading under RCEP.

Technically is in the midst of turning bullish signal

Durian and palm is park under its listed subsidiary PLS

To ekovest, aside HSR is key catalyst to move up price, listing DUKE 1 and 2 (ekovest 60%: EPF 40%) and completion SPE are both also catalyst to unlock ekovest deep value

In contrast, ekovest is totally different from iwcity although share price always move in tandem. Ekovest own and operate DUKE 1 and 2, now awaiitng 7 year gestation period to be end by year end to list in bursa, unlocking concession value. Ekovest also own anther concession, SPE, worth RM 3.7 billion, now only partially open for toll collection, and expect fully open these year. Its construction division also secure RM 2 billion RTS link and Ekocheras mall is profitable mall.

beware, bursa have classifying iwcity as an affected listed issuer pursuant to Paragraph 8.03A(2)(b) of the Main Market Listing Requirements of Bursa Securities (no core business, only occasionally rely on land disposal), it need to regularize and running business instead of waiting for land disposal.

Still need to face immediate resistance level at 76sen before can breakout high. be patient

Fundamentally still solid for ekovest after secure RM 2billion RTS project while awaiting SPE concession to fully come on these year.

Still monitoring, ekovest weakness likely due to absent of news development on HRS in budget. Currently, portfolio is fully pack by other stock, need time to free up some first before re-enter

Both YTL and YTLP are in the midst to turn bullish signal, stay tune ya

Coming Q4 EPS should be range 20-25sen level

i am expecting CMSB to deliver Q4 at least EPS > 20sen

CMSB have strong fundamental. Coming Q result will record gain on disposal and turning company into NET CASH position. As sole cement maker, it benefit directly to big infrastructure spending both in Sabah and Sarawak. Big saving from recent major feedstock coal downfall price allowing CMSB cement to boosts up profit margin significantly The upcoming new yellow phosphate plant is new profit generating division to replace earlier disposal associate OM.

For property, instead of IWCITY (lack of new project despite link to ekovest as sister company), better opt for Mahshing (fast turnaround project +high dividend payout minimum 40%)

CMSB, YTLP, Ekovest

https://www.msn.com/en-my/news/national/johor-s-irda-sees-boost-to-iskandar-malaysia-from-special-financial-zone-proposal-in-budget-2023/ar-AA17Ue7T?ocid=msedgntp&cvid=c9e242e43d6e4f9fbdd8744941068c37&ei=43

Its good too for cimb to press down ytlp due to its expire call warrant, its offer opportunity to buy more share at depress price later

immediate resistance level at 76sen.

Dividend definitely will increase in tandem with full EPS recovery. YTLP free cash flow is strong enough to support at least 50% payout as despite currently need big capex to develop mutlibillion 500MW data center power by solar. These is because majority of capex can be loan from banking, IRR from green data center > interest expense = surplus free cash flow

In addition, while waiting for 100% gain in share price next year, shareholder can continue enjoy high dividend income during 1 year holding period

Just imagine once wessex water return to profitability after revision up traffic starting Q2 2023 + full unit contriibution from jordan power COD, what will YTP EPS?

I project YTLP Q4 EPS >4sen and growth further above 5sen quarterly after solar power and green data center complete early next year.

In summary, with fully recovery annually EPS = 16sen, YTLp share prices should fully recover back to above RM 1.50, a whopping but predictable 100% gain over a period of 1 year investment horizon

EPS = 2.45sen,

Wessex water report maiden loss making due to high inflation rate in UK. These is temporary setback only as traffic revision is due end of next month, New traffic rate effective April 2023 will ramp up significantly in accord to inflation rate, a Big significant reversal from loss making to windfall profit from wessex water record in YTLP Q4 onward.

Strangely, YTLP director still unwilling to share progress power plant with achieved milestone COD for unit 1 in last Oct 2022. Presumably, YTLP treat jordan power plant as associate due to holding only 45% stake and earning is record under its investment holding division which record significantly reversal to profit earning in current quarter.

welcome :)

Frankly, shareholder are generally concern YTLP omit to state clear the power plant progress in last several Q report. Now, dispute arbitration have ended, and power plant officially achieved COD is good news for director to reinstate in upcoming Q report and share joy with shareholder as earning kicker from power plant is highly lucrative and significantly over next 30 year + 10 year

I think in upcoming Q result, director will reinstate and update the progress on power plant progress as oppose to previous Q which omit the power plant due to arbitration. Unit 1 COD on Oct 2022, unit 2 COD by Q1 2023

Sslee

You can refer to YTLP AGM meeting 6 Dec 2022, YTLP director anwer minority shareholder watchdog, question 3, state clearly COD for unit 1 at end Oct 2022, unit 2 is expect at Jan 2023 (but, i get update from Attarat facebook that COD for unit 2 only likely end of Q1 or next month Mar 2023)

https://ytlpowerinternational.com/meetings/index.asp?catName=inv_relations

The internal rate return for shale oil power plant is most lucrative due to combination return from shale oil fire power + mining shale on site (self supplier of all feedstock for power plant operation) = more than 20% IRR, which could generate more than RM 200m, topping additional eps 2 to 3 sen to YTLP earning onward for next 30year concession period + 10 year extension

The projected return is even higher than first lucrative generation PPA Msia that YTLP secure last 25year ago in Malaysia IRR = 18%

YTL power 45% control Attarat power plant in Jordan have achieved Commerical operation for first unit 235 MW at the end Oct 2022. The second unit 235MW is expect to achieved commercial operation next month Mar 2023.

bought mahsing at 59sen

Gov contract loophole need to plug, fight corruption, get rid of middleman agent

:D)

:D)

Myeg not only affect by gov contract but more importantly implicated in corruption case soon

Mu - son in law - S5 /Myeg/Iris - NIIS <---Anwar