China local tin Yuan 232,520 is much higher than Internation LME selling price USD 28,315. MSC selling refine tin based on LME price, if myammar an export to China, Malaysia MSC as second largest exporter may take over its role to export directly to China to enjoy even higher selling price in China

Added more MSC at 2.09

China in fact is world largest tin producer, but, China still need import tin from Myammar as China is global hub for further metal processing into industrial use product for semiconductor, Energy storage battery, EV component, solar power etc

Strengthen USD and elevated tin selling price and higher production volume, both are key profit deriver for MSC

Looking for bigger zetric profit contribution next Q result after begin commercial operation in may

looking for announcement bonus 1 for 5 and free warrant 1 for 5 next week

bought krono at 53sen

Technically, rock bottom reached, due for rebound

Wait for next month, impact on Myanma ban export Tin will take effect begin next month Aug. Myanma is world third largest tin exporter after Malaysia and Indonesia

https://zetrix.com/

https://www.youtube.com/watch?v=18-bnEbG8ao

Share price still waiting for kraken to recover back above 100%

sold YTL at 1.08

added more myeg at 73.5sen

Wait for Myeg final dividend and dividend in species, both entitlment will announce soon

bought back at 1.99

bought skp at 99.5sen

If myeg resume immigration online today, expect official announcement on extension contract will be make in bursa later

Interesting, portal back online, bought back myeg at 74.5-75sen

I only can accept CIMB target price for YTL RM 1.28 and YTLP RM 1.70 for CY 2023. Next year CY 2024, CIMB will need to upgrade again for YTL > RM 2.00 (EPS 16sen, dividend 9.5sen) and YTLP > RM 2.40 (EPS 28sen, dividend 15sen)

CIMB know if upgraded YTL dividend now will have to redo its EPS and all sum of part analysis particular on YTLP target price and its dividend payout. therefore too time consuming for their analysis report loh...

YTL dividend 6sen, EPS 7.4sen with target price RM 1.28 should upgrade substantially for similar yield 4.7% and PE valuation, YTL should upgraded to minimum RM 2.00, dividend 9.5sen, EPS 16sen

dragon328

CIMB analyst too lazy to change its earlier report on YTL despite getting updated figure from YTL Francis Yeoh that YTL to pay 9.5sen dividend instead of CIMB projection of just 6sen dividend, which in turn will lead increase projection in EPS and sum of part analysis. CIMB instead retain all its target price earlier and projection figure in the report, too lazy to redo analysis and upgrade target price for YTL.


https://rfs.cgs-cimb.com/api/download?file=12adfc5f-a430-4fcc-98ba-e561ef0da8a9

SINGAPORE (The Straits Times/Asia News Network): Consumers in Singapore will pay more for electricity in the July-September quarter, with the tariff increasing by an average of 1.2 per cent from the previous quarter.

https://www.thestar.com.my/aseanplus/aseanplus-news/2023/06/30/higher-electricity-bills-from-july-to-september-as-singapore-increases-tariff-by-12

馬華梳邦區會主席趙啓興披露，移民局官員已證實，Myeg網站已於5月23日終止女傭工作準證延期申請的服務.....

cut at 76sen after getting know nonremewal immgration permit by myeg

YTL dividend 9.5sen is conservative target as it need to reserve cash in preparation to bid HSR, which is entirely private funded in exchange for long term concession

YTL dividend 9.5sen is conservative target as it need to reserve cash in preparation to bid HSR, which is entirely private funded in exchange for long term concession

YTL aside derive dividend from YTLP and upcoming Mcement, it also received steady dividend from 2 listed REITS

dragon328
Both YTL and YTLP have dividend yield more than 10% now

At the meeting, YTL team was also reported to have said that core assets, such as Malayan Cement Bhd, including the Vietnam venture, core land bank in Sentul of 165 acres, Power Seraya and Wessex Water are not for sale....but, may unlock through IPO

At the meeting, YTL team was also reported to have said that core assets, such as Malayan Cement Bhd, including the Vietnam venture, core land bank in Sentul of 165 acres, Power Seraya and Wessex Water are not for sale....but, may unlock through IPO

YTL aim for MRT3 and HSR
https://themalaysianreserve.com/2023/06/28/ytl-corp-targets-rm1b-dividend-payout-open-to-strategic-acquisitions/

YTL to pay 9.5sen dividend, how much YTLP will pay ?

https://themalaysianreserve.com/2023/06/28/ytl-corp-targets-rm1b-dividend-payout-open-to-strategic-acquisitions/

RM 1.30 is immediate target, convincedly breakout will heading to next level RM 1.35

RM 1.00 is immediate target, convincedly breakout will heading to next level RM 1.10

These 2 day is mid year closing, which is time period for institutional fund manager to actively readjust their stock portfolio. For YTL and YTLP, window dressing may happening now to challenger previous high level

These 2 day is mid year closing, which is time period for institutional fund manager to actively readjust their stock portfolio. For YTL and YTLP, window dressing may happening now to challenger previous high level

Technically, YTLP likely to challenge earlier high RM 1.35 soon

bought myeg at 75.5sen

As highlight in YTL Quarterly report, aside benefit of inflation on its financial metric, A higher interest-rate environment also has supported a reduction in pension liabilities. If high inflation persist, pension deficit will turn into surplus at the end of AMP7.

Wessex is expect to deliver totex outperformance of 7% during AMP7, with 3% outperformance on operating expenditure (opex) and 12% on capex. Outperformance in opex leads to cost savings and improves EBITDA.

Why higher inflation has helped in improving wessex gearing ratio? These is becasue wessex water has a simple capital structure with no swaps and a high proportion of fixed-rate debt.

Further, Wessex has demonstrated strong operational performance in total expenditure (totex) and net outcome delivery incentives (ODI) rewards for AMP7 ( 5 year price control period ending March 2025)

Higher Inflation Beneficial for water concession credit metrics. why ? Although higher inflation leads to higher indexation on inflation- linked debt, but inflation-driven increase in regulatory capital value is greater, leading to lower gearing.

The debt structure of WWSL comprises about 54% fixed-rate debt, 14% floating-rate debt and the remainder IL debt. Further, improvement in EBITDA has more than offset the increase in interest on floating-rate debt, supporting an improvement in cash PMICRs

probability

I'm sorry for previous harsh word in hengyuan, everybody hate loss making, lets move ahead.

Don forget YTL aside derive profit from Power seraya and enjoy high strength in Sgd currency by additional 5%, YTL also due to record V shape recovery from UK wessex water in coming Q result through 9% water traffic hike, as much as RM 100m swing from loss to profit, these swing will further exacerbate by 10% strengthen in pound sterling currency.

In additional, maiden contribution from Jordan Attarat shale power will start record profit after secure COD on 26 May 2023, another swing to profit through 45% equity account onward.

The wholesale price is higher now in Q2 than in Q1 despite tumbling in feedstock gas cost is because imbalance in demand supply which will be prolong till new capacity supply kick in 2026. These have resulted expansion in profit margin for YTL seraya for both retail and wholesale market onward for foreseeable next 3 year.

But, such massive increment in wholesale electricity price only will affect 1/4 of its earning which based on spot price in wholesale market. Any surplus wholesale price higher than Q1 is extra windfall profit to YTL seraya.

Majority of YTL Power profit margin is locked ahead via retail contractual range 6 - 2 year (YTL seraya hedge 80% natural gas in accord to contract period in order to lock desire profit margin). These locked profit margin will not affect by gas fluctuation or volatile wholesale price, thus ensuring steady profit

30-40% price drop? Q1 Power seraya record RM 800m profit, what will coming Q2 Power seraya profit? Just look at the factual figure now on average Wholesale Electricity Prices ($/MWh), Q2 is estimate to record massive 75% increment if compared to Q1.

2023 Average Wholesale Electricity Prices ($/MWh)

1. January 219.13
2. February 222.53
3. March 337.77

4. April 324.04
5. May 488.71
6. June 539.39 ( latest 7 day average)

YTL already partner CRRC in MRT3 rail system. This systems turnkey package, which includes signalling,
electric train and depot equipment, power supply and communication systems, is expected to be worth RM7bn-10bn. These MRT3 system work is on top of YTL lowest bid in MRT3 CMC302 civil work package worth RM 10.8 billion