FYI, once the SCA turned unconditional, a notice of Unconditional General Offer will be issue, letter of acceptance will be available after 21 days from notice. Normally offer will be open for acceptance for 21 days and offeror can extend up to maximum 60 days, payment will be received within 10 days from the date of acceptance.
T7 could possible be another Yinson. The MOPU will provide a long term recurring income to T7 like FPSO to Yinson. T7 1st leasing MOPU which achieved first gas in Bayan field will contribute significant amount to T7 while the second MOPU in Nong Yao is up coming.
Thanks for your correction @ tigerboy. I did another calculation based on 2021 data which shown the total 87,691 trade consumers consumed total of 3,530 liters/day, which is 105.9m3 monthly. Based on this assumptions, trade consumers contributed 130m in revenue yearly to PBA which is slightly higher than earlier extimation
@bfmklm Based on PBA average rev/a about 335m and commercial contribution about 36% of total rev, u can do some simple calculations comparing both old rate and new rate. My calculations in fact shown commercial users from 60-200m3 will get 63% bill increase. Rough calculation, (120m pa x 63% = 75.6m p.a), for not being too optimistic, therefore I only put 40-60m
Edgenta's business is recovering with better result expected on 2H2022, strong fundamental with low gearing, proven dividend track record. Unless something out of public info, good buying opportunity if nothing happen.
Expecting CPO to settle down at range 5500-6000, good enough for those efficient plantation companies like Cepat to make huge profit. Just updated Cepat's CPO produced on Jan & Feb 2022 vs 2021, thats 42% up. Expect Cepat could double up the profit on 1Q22.
Some analyst saying the CPO price of Rm8000 is not sustainable and likely to pull back which most people understand, but their neutral call on plantation sector have lots of objection. The analysts seem not understand that even with CPO price of Rm5000, plantation company like Cepat could still make huge profit. Simply plug in the figure from 4Q21, Cepat sold their CPO at the price of Rm5,072 which is a level where i think it could last until year end, simply x4, Cepat could make 31c EPS for FY22. Cepat current PE are merely <4. If a stock that likely to have huge profit coming get NEUTRAL call, i dun knw what can deserve BUY call...