Parking... 0.55

Huatt lai liao

Buying back 10 mil today

Ytlp n johor sultn offer to build a pp in Seremban without asking anyone to commit to buy their electricity...

Yes... they can give project... with the condition no guarantee of buying the electricity... but Johor Sultn gave instruction the state will only use his own power... endless possibilities

Somemore can sell to Singapore.... make SGD... haha

Current boilers are dying... if want to live for 10 years, will cost them a lot to repair... best is to build new power plant... with today's technology the new plants life span can be 40 years... yes... new power plant for Johor and iskandar only

Poor chinese business in Malaysia all being taking over by the unno n glcs...

Rumour of last weekend meeting.... ytlp can't get the 3b project, but is given a ipp project in Johor... putting ytl in difficult situation that people will curse ytl from getting project without tender...

65c... next buy 55c n 50c... selling pressure is there

huat lai liao

Active volume....

Big boys are meeting sultan this weekend....

Last entry 0.60.... will watch now.... next buying is 0.55 and 0.50 if it goes down

Ya... pls sell your shares

Drop means good to buy n collect.... I am waiting at 0.60 everyday

Huatt liao

Huat lai liao ytlwb

Buy ytlp wb now.... tomorrow announce.... ytlp the winner.... hehe...

20%

Huatt lai liao

Ytl cement didn't have so much cash like ytlp... fy will give premium via share swap... no need to spend 1c...

can close 1.88

Huat lai liao

Selling show started?

sbb saving bullet for the news announcement?

Going to park at 0.60 WB.... hehe

Yupe. WB can surge above 2.... hehe

Fat cat... they are smarter than any investment bank... they use our money to buy other assets and get the loan from loan sharks and the people have to pay the loan back... and where's the money gone? Haha

YTLP can bayout 1MDB later.... hehe

Lolz... huat lai liao....

http://www.btimes.com.my/Current_News/BTIMES/articles/20140210234230/Article/index_html

media fight continue...

The profit is handsome if govt give all IT projects to ytl...

The only reason why johor sultan n ytlp might lose it because ytl is offer by pm to get the high speed train project.... and of course the sultan will gain more to partner with ytl for the train project... anyway, johor sultan is strong enough to swallow these 2 projects with ytl... he can gao dim the pm...wait n see

EC committees risk their jobs if giving the contract to YTLP 
but they will risk their lifes if giving the contract to 1MDB... 
No wonder dare not make the announcement until now... 

Easy job to ask N.Sembilan ruler to give up by the ruler of Johor... hehe

“This (bid) would provide YTL Power with more consistent cashflows from 2018 onwards,” said CIMB Research in a recent report, adding that winning Project 3B would be a re-rating catalyst for YTL Power.

Project 3B will be commissioned in stages through October 2018 and April 2019.

In the case of 1MDB, meanwhile, Project 3B would increase the value proposition of its energy assets’ initial public offering (IPO), giving it the “growth angle” fund managers seek.

Bankers say that the fund would face a difficult task listing its existing power assets without a growth catalyst, given that its existing power assets are nearing the end of their concessions and new deals are yet to be negotiated.

In the last two years, 1MDB grabbed headlines when it went on a buying spree of power assets, forking out RM12bil for power plants from tycoon T. Ananda Krishnan and Genting Bhd.

1MDB recently called for proposals from investment bankers to pitch for advisory roles to list its energy assets. Wire agencies have reported that the fund is planning to raise US$1bil or RM3.28bil by spinning off its power assets targeted by the middle of this year, which would make it one of South-East Asia’s largest IPOs to date this year.

THE unprecedented delay in the award of the multi-billion-ringgit 2,000MW coal-fired power plant under Project 3B underlines the intense politicking involved in the decision-making process.

Malaysia’s Energy Commission (EC), the body set up to regulate the energy sector, has not kept to its self-imposed Jan 20 deadline to announce the winner of the tender.

The Government had early last year called for bids to build a 2,000MW plant to supply electricity to the Government under a 25-year concession, a project that is said to cost around RM11bil. Out of the five shortlisted bidders, two have ended up in a neck-and-neck race for the project, namely YTL Power International Bhdand 1Malaysia Development Bhd (1MDB).

“All decisions seem to be on hold. But the EC cannot afford to drag the matter for long, as this is casting a negative light on the whole awarding process. The technical evaluation has long been done, so what’s holding the process back?” asks an industry insider.

Industry observers reckon the issue could cloud investor perception on future tenders by the energy regulator, more so as it also involves international players as partners for some of the bidders.

“So far, the EC has rightly instituted open tenders to make the industry more transparent, competitive and efficient,” says one industry player.

The EC did not get back to StarBizWeek’s queries as at press time.

For Government-linked 1MDB, a win is the catalyst it needs to list its power assets, while for YTL Power, it is a breakthrough, given the impending expiry of its first-generation power-purchase agreements (PPAs) for the Paka and Pasir Gudang power plants in September 2015.

Since building and operating the first independent power plant in the country in 1993, the company – controlled by the Yeoh family – has not won any new projects for power plants locally.

For Project 3B, YTL Power submitted the lowest bid at 25.12 sen per kilowatt hour (kWh), while 1MDB’s 25.65 sen per kWh is only marginally higher.

Adding a twist to the tight race is the fact that YTL Power has teamed up with the Sultan of Johor, Sultan Ibrahim Sultan Iskandar – via SIPP Energy Sdn Bhd – to bid for the project. The proposed site for YTL Power’s planned plant for the project is in Tanjong Tohor in Johor. The Sultan recently declared his interest to be involved in the corporate world.

From the beginning, YTL Power was tipped to be the frontrunner in the tender but since then, reports have surfaced indicating that 1MDB is the EC’s preferred bidder.

It has been reported that despite YTL Power making the lowest bid, the true cost of its proposal could be much higher, given that the distance of its proposed plant in Tanjong Tohor is two to three times further from the nearest entry point into Tenaga Nasional Bhd’s (TNB) grid, as compared with the other bidders.

So, there is the issue of the additional cost of building the transmission line connecting the plant to the grid.

There were also some compliance issues with YTL Power’s foreign boiler partner, but that has apparently been settled with the EC’s technical evaluation committee.

On the other hand, 1MDB’s proposed site in Negri Sembilan is next to the 1,400MW coal-fired power plant in Jimah, of which 1MDB is in the midst of acquiring from the Negri Sembilan royalty.

Hence, 1MDB’s proposed plant for Project 3B is expected to share common facilities with the Jimah plant, a move some industry players say would bring down costs. It has been reported that 1MDB’s proposed plant’s access point to the grid is Olak Lempit, Selangor, which is much closer to the main load centre in the Klang Valley.

However, some industry players argue that the cost of building the transmission line should not surface, given that it was the EC that had initially named the access points to be used by the bidders in their tender proposals.

This being the case, they say once the power reaches the access point, it becomes the responsibility of TNB to manage thereafter.

Industry players reckon that the internal rate of return (IRR) – the widely-used formula for gauging the value of an investment in a project – for the 2,000MW plant is likely to be in the high single-digit range. The older independent power producers have enjoyed a higher IRR, but the Government is now stricter with the terms of power concessions.

Nevertheless, industry experts say that the high single-digit IRRs offered in the new power concessions are still lucrative, as they provide cash-generating recurring income to the owners.

YTL Power’s current PPAs from its two existing plants will expire next year. Analysts have long pointed out that its operating cashflow would be weaker in the coming years. Even its overseas assets such as YTL Power Seraya Ltd in Singapore are facing greater pricing competition.

“This (bid) would provide YTL Power with more consistent cashflows from 2018 onwards,” said CIMB Research in a recent report, adding that winning Project 3B would be

http://www.thestar.com.my/Business/Business-News/2014/02/08/Power-politics-Intense-lobbying-has-stalled-decisionmaking-for-the-2000MW-coalfired-power-plant-und/

Fat cat lousy stock faster sell

omg.... who park so many shares at 1.85?

close 1.87

Francis Yeoh too humble and righteous... if he allows YTL Group of companies goreng like GLCs through right issues or bonus issues.... YTL can be the 3rd richest in Malaysia.... he just doesn't like to manipulate his wealth...

Avg cost ytl at 1.54 now.... and wytlpwb at 0.675....

I keep all my ytlpwb.... but started buying ytl since it dropped to 1.52....

Yes.... Privatisation also lai liao...

Brewing...

Epf is selling ytlp... and sbb is buying.... Privatisation plan is 60% activated...

Sbb so far done at least 1.5mil ytlp today... 1mil to go before 5pm... easy job

Ytl can close above 1.60 today....

Smartly... buy when it is quiet... sell when people start goreng...