@ options

The question whether how much the EXACT yearly contribution(revenue/profits) from the power plant once completed is everyone's guess.

I'm very sure the CEO/CFO WOULD NOT be able to answer that.

To be honest, only GOD knows the future.

However,the management team could only provide ESTIMATES at best.

To be transparent, I believe the management SHOULD declare in BURSA on the Power Purchase Agreement (PPA), BOT contract, Government Guarantee Undertaking (GGU), Land Lease Agreement (LLA), EPC contract, Coal Supply Agreement (CSA), tender programs and consortium agreements.

Foreign funds are disposing in favour of supporting their home country as MYR had depreciated over the years.
More over, the funds normally based on country debt rating to invest and they are expecting a re-rating in view of the change in government and political issues here in Malaysia.
The fundamental of Maybank's financial had not changed regardless of any government as financial institution are the liquidity provider to the country's engine.

Just a sharing with those who feel negatively about maybank over the last few weeks.
Know your facts and not rumours.

@ faizkl

Maybank is doing just fine.
Please do not spread any rumours.

Even during the worst crisis in 1997/1998, Maybank still survive.
Besides, PNB, Khazanah, EPF, Amanah Raya, KWAP,etc are all shareholders representing 60% of the company.

Read the QR and AR before commenting.

@ moneykj
@ Raul

In my opinion, it went up from RM0.36 to RM0.80 because PH won.
Just a surge, nothing more.
No news or catalyst to push it beyond that.
Only noticed the company recent quarter result is good.

@ wiki123

The counter up 15% in 1 month. For large cap, it's much slower and it will consolidate lower and look for support.

It's a good company.
But currently, the orderbook stands at RM38 mil only as per the prospectus (correct me if I'm wrong)

Was wondering if the company has plan to replenish it.

The QR should be out by this Friday.
There's no fixed date.

@ opustang
@ apolloang

How do you know the boss is selling?
There's no record in Bursa yet.

Yup, slowly dying. Going to zero.

Wow, EPF ceased to be substantial shareholder.

KWAP would soon join the club, looking at the rate it is disposing the shares.

Good opportunity to buy at lower price.

This counter still have show?


I recalled back in 2014 when Ewein was talking about collaboration with Zenith for the undersea tunnel project and building some high end condos there.
It's still rumours at that time but the share already surge more than 100% to rm1.

@ JayC

Your calculation for North Sabah of 5,500 bpd is for annual production or quarter?



-------------------------------------------------------------------------------------------

Posted by JayC > Jun 21, 2018 06:56 PM | Report Abuse

check out ALLIANCE DBS latest report :-

http://www.bursamalaysia.com/market/listed-companies/list-of-companies...

according to them, the CORE NET PROFIT IS RM19.3m
means, this quarter contribution from anasuria will be USD 75/USD 65 = 1.15 x 19.3m = 22 million!!!

and since North sabah production is 5500 bpd. Simple calculation :- 5500 bpd / 3000 bpd (anasuria) = 1.833 x 22 = 40.3m

22m (anasuria) + 40.3m (north sabah) = 62.3m NP (this is my minimum estimation because north sabah crude is USD 5 higher than brent price. Also, i did not take into account North Sabah OPEX is so low, USD 15 only)

@ GRACE1966

In my opinion, I believe Mudajaya case is quite unique as the PPA was re-negotiated when the government changed hands in the last election. Worst, the rates was re-negotiated lower if I recalled correctly.

The company took a substantial amount of borrowings between 2015 which cause cashflow issues and the power plant took in some additional unforeseen opex and had difficulty in their collection/;receivables.
Besides that, the company is having too many segments to cope. They have property, construction, power, trading,etc. Not every company is like Hapseng.

Can't say much about J@K$ as it's still in an early stage of construction and I had mentioned much earlier, there's many external factors in doing biz in foreign country. You may read my earlier post.
on it.

Take a case study of YTL Power Wessex Water biz in UK.

The quantum of share buy back is disappointing.
I was hoping like 500k daily.

@ Mary Tan Ling

Ask yourself whether you need the money.
Else keeping it long term should give you better yield than FD in the bank.
This counter is for steady dividend yield and does not offer much capital gain.
Else you should look at other counters that offers growth.

This is just estimates provided when the crude oil trades above USD65 per barrel or when this number was computed. Let's see the numbers and comment again.

@ apolloang

When did the share drop to ard Rm1.20?

Wow, seems the drop is worst than I expected.
Freefall back to below RM1.20?

In my opinion, over the next few years, the trend of changing smart phones every 1-2 years will move to 2-3 years and 3-4years eventually. Most customer today will hold on longer as smart phone prices have appreciated over 45% in the last 3 phone generations.

Thus, this will effects the volume of smart phones shipped starting 2018 onwards and impact on semiconductor companies including inari.
SO, do not expect the explosive growth cagr 30-35%pa that you see in Inari in the last 10 years as many already have a smart phone today.

By tonight will know the supply estimates that OPEC will pour into the market.
Hopefully, it's less than 1 million barrel per day, else the crude oil will experience some weaknesses toward USD60.

US tech stock rally probably helps a little in pushing our local tech companies in related sectors.

wow, finally SBB started.
Hopefully, it's done everyday.

Management's proposal will raise more funds in a single issuance than KYY's proposal.
They probably would require more funds in the next few years and the RM277 mil coming in will be handy.

@ OrlandoOIL

The TP are only applicable if crude oil remains above USD60 in the next half year.

Else the IB and analyst will always do re-rating, downgrade.
I personally don't like them as they don't have a "backbone".
They can't give a TP that is for 10 years without changing any variables in between that period.

@ lazy

Foreign funds are selling out shares that don't perform and moving back to US due to the increase in interest rates by US federal reserve.
This will continue till they're done.
You can read news about foreign funds also selling out our long term bonds(MGS,LTN,etc)

@ pang72

I think you're spamming here.
Try to put your thought in a notepad and once you're done only post it out.

@ hollandking

No matter whether it's bloodbath, saltbath or milkbath, investing in a long term biz will always prevail. Look at those counters in Bursa that grows well since Bursa was founded.
Market always have noises and index move up/down, left/right.

The only bad news for glove makers are the increase in minimum wage salary to RM1,500, potentially reduce their earnings between 15% to 20% depending on their cost efficiency.

Looks like a minor consolidation since it rebounded from below RM1.20 to above RM1.50.
Maybe the news on the new proposed alternative for HSR would provide some support.

----------------------------------------------------------------------------------
https://www.thestar.com.my/business/business-news/2018/06/18/hsr-alternative-for-only-rm20bil/

Before announcement of the takeover by Hapseng, it's trading at RM0.50, it surge above RM0.80 when the annoucement of takeover price was RM0.92.
So actually, it came back to it's former price.
No oversold here.

If it can stay above RM4 this week, it should be alright.

Lowing the oil price helps to make shale production in US less profitable.
In fact, when crude oil was trading below USD35 per barrel, the entire US shale oil production almost ceased and US market share was less than 6%.
So keeping it between USD50 to USD60 is ideal.

@ relaks

Isn't Paul Poh the guy that recommended Quek Leng Chan to invest in TH Heavy @ RM1 and Alam Maritim @ RM1.50 ?
Quek Leng Chan took heavy losses of more than 70% on his investment and exited his from o&g industry.

@ j3rom3

The project will continue. Probably will be "tolless" once ready.

@ johnny cash

No impact.
Cost is passed down to customers.

The government is currently busy with large projects that are easier to solve.
Highways concessionaire seems a bit headache.

New tender for rail project

n the MRT2 and LRT3 projects, Loke said they would proceed as planned, as they were ongoing projects implemented well in advance.

“The MRT2 is an ongoing project. We won’t touch it and the same goes for the LRT3. However, in terms of costing and so on, they may be reviewed by the Finance Ministry. It is up to them to decide,” he added.

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https://www.thestar.com.my/business/business-news/2018/06/14/new-tender-for-rail-project

The bosses are selling like no tomorrow.
You guys still around?

Yup. Looks like it .
Most o&g counters also "directionless" pending OPEC meeting.

I think its so difficult to justify RM100 bil price tag inclusive of land acquisition.

@ wiki123

Thanks for highlighting

Seems like the rally still going strong.

But it's kinda weird, before the "public pardon", the glove biz earnings are slow and draggy.
After all is clear, the company seems to generate better revenue and profits.

Anyone notice this? Something fishy?

The boss seems to have no idea what he is doing. Buying up companies which make losses and enter into so many MOU with biz that has no value to the company.
He seems to dabble into many things, no direction.
From e-Commerce & mobile payment to photography biz and advertising.

@ erkongseng

I think you got it right already.

Now you can leave it to the market to determine the share price.

@ rlch

Your answer is here:
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https://www.thestar.com.my/business/business-news/2018/04/14/seasoned-businessmen-driving-force-behind-medbumikar-mara/

The biz model is great and appreciate in the long term.
It covers property, construction, healthcare and retail.

amended:
Anyone who does NOT subscribe to the rights issue will be at the losing end once the price adjust ex-rights.

@ wetmarket

Yup. Agree with you on how we view the rights issue.
Everyone had different take on this.
In fact, many had never thought that the company would issue rights to fund the power plant.

Developing a power plant require heavy capex.

YTL family buy back slowing down