DK66

U punya... Tariff Payment Excluding Coal Cost (USD’m)... in ur table is GROSS tariff before netting capacity tariff or NET of capacity tariff??

Yg updated ni so much better

Punch line clearly stated 


Kenanga low US120m worst case scenario 

This earnings projection is also in line with Kenanga Research's earnings forecast of US$120m for Jaks Hai Duong Power Plant.

Bila Sarifah nampak Great Eastern Life Assurance tadi Sarifah tertanya tanya.. ada ka Great Eastern Life Assurance subscribe at 0.25?

Klau ya Great Eastern mesti know something which is not obvious yet?

Don't worry x lama lg u kan have that kind of money custody Jaks

Koon out

Some desirable long term funds in

DK66

Ni u ke??


29. Dennis Koh Seng Huat 3,900,000 0.667

Ramai jz look at "punch line" ni...

Anyway apa PAT klau future potential when capacity is ramped up to 90%.. can jz show PAT tu here?

Not all in and net all?

Assuming a constant US$258m capacity payment for 25 years, the IRR will be around 12.5% which is in line with the projection by Jaks’ management

Earnings based solely on the capacity payment;

                Earnings   = Capacity Payment – Loan receivable repayment – Interest Expense

                                 = US$258m – US$67m – US$1,287m x 6% (Est)

                                 = US$114m

This earnings projection is also in line with Kenanga Research's earnings forecast of US$120m for Jaks Hai Duong Power Plant



DK66

Can elaborate yg ni?

Kenanga punya not net all?

Interest income x dari PPA tapi produk of accounting

Suppose 67m is x fixed tapi kan bigger over time

USD 67,000,000 × 25 = USD 1,675,000,000

Syabas!!

Sarifah cannot wait for ur next article

Tq to Sslee too for the hard work to comb thru MD2 dll lagi for issues and managed to find one


Act of God

DK66

Tq answer exceeds expectation

HFO berperanan spark plug

DK66

Tumpang tanya

Why coal power plant has oil fired power plant feature in particular knp boleh guna HFO juga?

projected by Kenanga USD120 million net of tax per year for 25 year. 


Yg ni is way too low d

Yg ni payback is 15.6 far far from the promised 8

Sarifah tetap berjiwa IPP tetap unapologetic angkuh dan liar

Electric shortage in Vietnam is imagined?

Odd is not overwhelming not even low tapi mana tahu malang x berbau

Of course those yg mcm Chicken Little yg scare the sky fall down can bail out from Jaks now

Kena bail from MFCB too

Hydro is not spared from Act of God

Dry spell

Even off la mcm ni coal dan hydro

We r good

When hydro low coal increase


CHANDIGARH: Ample monsoon rainfall has helped boost hydro power generation, which in the April-June quarter had dropped 11.5% from a year ago.

After two consecutive drought years, hydroelectric generation in the country had plummeted 17.5% in April and 16% in May from the year-ago months. However, sufficient rainfall towards the end of June replenished reservoirs and helped narrow the hydroelectric powergeneration gap to almost 2% less than the level last year in June.

To ask ALP

Possibly with other compensation too

Cannot to shut down upto gomen Vietnam wimp and fancy

Ok so this is a risk for sekelian to jaga jaga

So sslee kena tunggu demand over stripping supply by a big margin baru beli

Fair enough


SarifahSelinder O... then kena fall back on electricity shortage... 



DK66 Yes, I think so  

-----------------------  
SarifahSelinder Is it the same for Jaks IPP?  

However, when it is operating at less than 60% capacity, it has to use HFO as a mix fuel in production.  
25/04/2019 4:41 PM 

25/04/2019 4:43 PM

25/04/2019 4:46 PM

Jelas kelihatan yesterday was a good day for u

High spirit belul

U ni trader

Quite mainstream

Ada ramai yg trade Jaks jugak



qqq3 20% portfolio

25/04/2019 4:45 PM

O... then kena fall back on electricity shortage...



DK66 Yes, I think so 

----------------------- 
SarifahSelinder Is it the same for Jaks IPP? 

However, when it is operating at less than 60% capacity, it has to use HFO as a mix fuel in production. 
25/04/2019 4:41 PM

25/04/2019 4:43 PM

Auditor (r) qqq3 hw big u invest into Armada?

Is it the same for Jaks IPP?

However, when it is operating at less than 60% capacity, it has to use HFO as a mix fuel in production.

Dear sslee

To address u punya ONLY negative even clearer

All IPP in Vietnam is heavily subsidied by gomen Vietnam maybe even hydro

AES Corporation's Moun Dong 2 using HFO is the most expensive and so is the one most subsidied and so is the first one to shut down by gomen Vietnam

Jaks IPP very very unlikely has to b shut down due to the same reason due shutting down Moun Dong 2 dah cukup to cut the over capacity

Most expensive HFO then coal then hydro

Faham?

Skrg ni last and only negative u cleared u patut buy some Jaks or forever hold ur peace

Or bye bye



Sslee Dear Sarifah,
The only negative is profit is base on net power output. If merit is given to Hydro power and coal power plant capacity limited to 50% then for that year your profit also will be only 50% instead as projected by Kenanga USD120 million net of tax per year for 25 year.

Thank you
25/04/2019 9:07 AM

Dear sslee

U punya arch enemy auditor (r) qqq3 faham

U boleh faham tak?

Sslee

Why priority or u punya so called merit is given to hydro?

It is because it is the cheapest

Shut down Mong Duong 2 sbb it is the most expensive

EVN Vietnam pandai u pandai ka boleh faham ka?

Adoi sslee

DK66 x lagi on talking term with u

Sslee u punya standard is getting lower and lower

Lihat la what negative person thong has turned u into better sell insas buy some Jaks to get some positive energy

Dear sslee

Klau ada over capacity in the national grid misalan pd musim hujan Mong Doung 2 being the one with the highest cost will b shut down first

Most expensive.

1. HFO
2. Coal
3. Hydro

In any case kan EVN dah report kan ada shortage of electricity in Vietnam?

Semua ni u x baca ke??



Sslee Dear Sarifah, 
The only negative is profit is base on net power output. If merit is given to Hydro power and coal power plant capacity limited to 50% then for that year your profit also will be only 50% instead as projected by Kenanga USD120 million net of tax per year for 25 year. 

Thank you

25/04/2019 9:07 AM

Sopan sikit 

Biasa nya yg dah lama mati pucuk yg byk mulut 

Guna cakap je 

Hai perangai kaki gulungan non performing

Dear Sslee 

Sarifah appreciate u write to kenanga for Sarifah 

So come let cuba try to tackle u punya concerns one by one 

Firstly problem u is u put all ur questions in negative light 

Secondly u spent long on these u must hv u punya own thinking u mesti say them out 

Anyway let's cuba try... 


Sslee Dear DK66,  
Refer AES Balance Sheet: 2018  
Service concession assets, net of accumulated amortization of $0 and $206, respectively $0 (2018) $1,360 (2017)  
This was transfer as Loan receivable in 2018  
Loan receivable $ 1,423 (2018) $0 (2017)  

So what different between service concession assets” (2017), classified as “Loan receivable” (2018)?  


SO WHAT DO THINK? 

WHY DO U THINK YG NI IS A NEGATIVE ?



What different between capacity payment and interest income?  
In AES case what is AES Muong Duong revenue and Interest income refer to?  
Are you saying AES Muong Duong should receive revenue + interest income + capacity payment?  


TELL WHY IS THISBA NEGATIVE? 

WHAT MAKE U THINK ALL IPP IS STRUCTURED THE SAME? 


The other question also ada answers 

U reply the above first

Sopan sikit

Biasa nya yg dah lama mati pucuk yg byk mulut

Guna cakap je

Hai perangai kaki gulungan non performing

PP yg dipainted black tu mesti byk laku

Funds yg nak sgt tapi x dpt PP skrg ni beli kat open market

Sarifah tetap berjiwa IPP tetap unapologetic angkuh dan liar

Power generation is a big big players game

Small little Jaks bertuah dpt to take a ride on the shoulder of a giant

Actually CPEEC pun x kurang hebat nya

CPEEC ada thermal hydro even nuclear power plants in all of Asia

Klau x percaya taksiran CPEEC percaya la taksiran AES

The AES Corporation (NYSE: AES) is a Fortune 500 global power company. We provide affordable, sustainable energy to 15 countries through our diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Our workforce is committed to operational excellence and meeting the world’s changing power needs. Our 2017 revenues were $11 billion and we own and manage $33 billion in total assets.

We are dedicated to improving the lives of our customers by leveraging our energy solutions that encompass a broad range of technologies and fuel types, including coal, diesel, gas, oil, pet coke and renewables. Our people share a passion to help meet the world’s current and increasing energy needs, while providing communities and countries the opportunity for economic growth due to the availability of reliable, affordable electric power.

Betul 2015 2016 not even ready

Think AES Corporation is even providing financing for MD2

x guna bank or financing through AES than baru AES to MD2

Dear sslee

Tq for writing to kenanga


Using u punya favourite Mong Duong 2


Reason yg satu ni je dah cukup to buy Jaks


HFO is 4x more expensive than coal yet it was a go for AES Corporation which owns 51% of AES-VCM Mong Duong power plant (Mong Duong 2)



DK66 Just to clear doubts, HFO is about 4 times more expensive than Coal in term of heating value.

21/04/2019 5:34 PM


Yg senang jgn dirumitkan

Jgn la only see the dark...

Dear sslee

U r nombor 2409th frustrated shareholder of Insas

Insas' Thong is precisely mcm ni

Sslee pressure baru paid a bit jelas no intention to pay at all


How many companies have provided decent dividends, if at all declared any dividend, to shareholders? 



Sslee Dear all, 
Opinion from a well know political writer Mr. TKChua. Well said. 
https://klse.i3investor.com/blogs/kianweiaritcles/203333.jsp 
“To me, it is not surprising that the Malaysian stock market has lost its lustre. The market is no longer a venue for investment, but rather more for speculative play and gambling. 
Let’s be realistic, I think for speculative play and gambling, ordinary investors stand no chance against corporate bigwigs and insiders. 
May I ask how many percent of the listed companies in Bursa Malaysia today are of investment grade? My estimate is not even exceeding 20 percent. 
These companies raised money from the market, but do they really care for returns to shareholders? How many companies have provided decent dividends, if at all declared any dividend, to shareholders? 
To me, many of these companies with listed status are nothing more than “conduit” for them to print money. They exist mainly for the sole benefits of those who are in control of the companies. 

Instead of encouraging more people to invest in the stock market blindly, the focus should be on making the market more efficient and transparent. The authorities must monitor the listed companies to prevent them from indulging excessive corporate abuse for the benefits of controlling shareholders. 
Sometimes I see captains of industries and bosses of corporation destroying rather than creating values” 

Thank you

22/04/2019 5:55 PM