The strong support at 1.88 is still hold.
Hope that the worst is over in this correction.
Good luck to all investors here.
Thank you.

FPSO contract will be in great demand because the cost of production of oil is less than USD10 per BBL.
The high price of crude oil will also benefit Yinson because Yinson is allowed to claim bonus on the crude oil.
No oil company will terminate the FPSO contract because of huge profit.
All oil company will be laughing happily to the bank.
The limitation is Yinson can build one FPSO vessel a year only.
I believe Yinson will get 2 FPSO contracts at the end of 2023 or early 2024.
2 FPSO vessels FPSOs Maria Quitéria and Atlanta will be completed construction at the middle of 2024.
Hence 2 new FPSO contracts will come in just in time to fill up the slots.
Thank you.

The most unfortunate timing in my view...is the expiry of warrants by mid-2025, before all the super earnings come into full blast hehe
-------------------
It is still in time because 2 big FPSOs Maria Quitéria and Atlanta will be in full operations in the middle of 2024. 50% of the PAT will be included in FY2025 result (Jan 2025).

The PAT for FY2025 will be > 1 billion.
Thank you.

This portfolio made huge profit during that time in 2013.
The loss shown is not reflective because of the share price changed and not updated.
These 2 persons have intentions to bad mouth me.
Thank you.

PAT margin is low because of finance lease accounting, the investment in CAPEX to construct the FPSO is recognized as a contract asset on the balance sheet.
The CAPEX to construct the FPSO is included in the revenue reporting, this inclusion inflated the revenue number resulted in low PAT margin.
FPSO vessel in construction stage, the PBT is only 7.6% of the Revenue whereas in charter service rate, the PBT is 39.6% of the Revenue.

Under finance lease accounting, the investment in CAPEX to construct the FPSO is recognized as a contract asset on the balance sheet. The change in contract asset must be included in reported cash flow from operations. In reality, this change in contract asset represents CAPEX to build new FPSOs and should not be considered as operating cash flow. The actual operating cash generated for FY Jan23 should be RM1.36 bn.
Thank you.

Yinson quarter results
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=7293
Q1 2024 - Revenue =3018M, PBT=296M, PAT=208M, EPS=6.10, PAT margin =6.89%, PAT/PBT%=70.3%
Q2 2024 - Revenue =3113M, PBT=449M, PAT=230M, EPS=6.70, PAT margin =7.39%, PAT/PBT%=51.2%
Half year PAT=438M

IB reports and target price projections
IB/FY2024/FY2025/TP
MBB/872/1008/5.05
UOB/648/854/3.95
KEN/603/731/3.65
AMI/823/798/3.96
RHB 436/767/3.06
Q2 July 2024 result - PBT is good.
Q2 July 2024 result - PAT is low even PAT margin is higher than Q1 April 2024 result.
Half year PBT=745M, PBT for FY2024 will be estimated at least 1.450 billion.
If PAT/PBT%=0.703, PAT=1.019 billion. If PAT/PBT%=0.512, PAT=742.4 million. The average is =880 million. Please note that the PAT for the second half of FY2024 will be better than the PAT for the first half of FY2024. Full charter service rate at 39.6% PBT of FPSO Anna Nery will be included in the second half of FY2024.
Half year PAT=438M, I believe this projection of PAT for FY2024 is inline with MBB's projection.
Based on MBB's projection, the target price for Yinson is at 5.05.
The PAT for FY2025 will be better than PAT for FY2024 because FPSO Anna Nery will be in full operations. Moreover, both FPSO Maria Quiteria and FPSO Atlanta will be in operations in FY2025, they will contribute about 50% of their revenues and also PAT.
The PAT for FY2025 will be > 1 billion.
The share price of Yinson closed at 2.37 on 6/10/2023 is definitely undervalued.
Thank you.

Please do not talk nonsense here.
Do not waste your time here.
Spend your time to analyse stocks to recommend to all readers here.
At least you help all readers here.
Please show some good deeds here.

I still believe Yinson will perform well in the next 3 years because of strong order book. There are a total of RM 110 billion order booked todate.

All 3 major FPSO projects will be in full operations starting from Q1 2026 onward. I know that the present debt of 11 billion is high, please note that once the FPSO vessel is ready and accepted by the oil company, the debt will be transferred to the oil company.

If Yinson does not take up any project after Q1 2026, the debt will be reduced to almost zero.
The free cash flow generation should be more than RM3bn each year from FY Jan-27 onwards. This level of free cash flow generation should be sustainable for at least 15 years based on the firm lease period.

I believe Yinson will be a component stock of KLSE from FY Jan-27 onwards.

Thank you.

Please note that Yinson is the best FPSO lease contractor in the world, Yinson never fail to deliver the FPSO vessel in time and it is the preferred lease contractor among all 8 major lease contractors in the world.

FPSO contract will be in great demand because the cost of production of oil is less than USD10 per BBL.

The oil company even pays cash upfront to Yinson to construct the FPSO vessel because it is a very high profitable business.

The oil company of FPSO Agogo project paid USD 500 million upfront to Yinson for the construction cost of FPSO Agogo vessel.

Most investors in KLSE did not notice this news and say that the debt of Yinson is very high. The construction cost of FPSO is very high, it is amounted to hundred of million in USD.

The debt on the construction cost of FPSO vessel will be transferred back to the oil company once the FPSO vessel is accepted by the oil company. This type of arrangement is in the agreement and the oil company has to accept this term because this type of FPSO business is very high in profit due to low production cost of less than US10 per BBL.

Thank you.

I have been a remisier for 30 years.
I have seen many of my friends and clients make multi million profit from KLSE.
They are all investors and use the strategy to buy and hold to make profit.
I learned all these strategies from them to make my multi million profit from KLSE.
I never saw any contra player make a million profit from KLSE, do not even mention multi million profit from KLSE.
I have seen many contra players lost until bankruptcy.
If my client is a contra player, I will tell the client to close the trading account.
I do not want this type of client because I worry this client cannot pay the contra losses.
I have written off a few million from all contra clients, I really cannot sleep well if the client is a contra player and buys a big position on contra.

Do not tell me that a contra player can make 12.5 million profit, he is just bullshiting and telling lies in I3.

95% of contra players lost money in the stock market.
Decide yourself what type of player you want to be.
Please take my advice seriously.
Thank you.

I watch "Youtube" on Francis Yeoh's interview on YTLPower, if you invested 1 million in 1987, your return (ROI) is 156 million in 2023 ie 15500%.
I believe all assets of YTLPower will increase exponentially in the next few years.
Invest in YTLPower as a long term investment like what dragon328 recommended.

The present correction is just a normal correction.
The share price does not move up north in a straight line, It needs correction in order to move up to new high.
The final decision is always yours.
Thank you.

Posted by UncleFollower > 3 days ago | Report Abuse
@Zhuege_Liang we small fry.

Please ask star investor OTB publish this opinion give some advice to Yinson Lims and hopefully gain some traction. Also, before Agogo contract locked-in, they have been doing SBB as high as 2.48. Also, >100B contract value is unheard of in Bursa - and market cap less than 7B, how can.
---------------------------
Dear UncleFollower,
I have written an official letter to the Board Of Directors of Yinson on this matter.

I also highlight this item as well.
According to the below IBs, the target price of Yinson should be as follows :-
Maybank - 5.05
AMI - 3.96
Kenanga - 3.65
UOB - 3.75
CIMB - 3.27
RHB - 3.06

Note :
Based on Maybank's report, the target price of Yinson is at 5.05.
If this target price can be achieved, the market cap of Yinson is > 15 billion.
Then Yinson can be considered as a component stock of FBMKLCI.
The market cap of YTLPower is about 15 to 16 billion (to be included in FBMKLCI component stock in December 2023).

I also requested the Board Of Directors of Yinson to talk to Board Of Directors of EPF to stop selling Yinson share at such a low price now.
If the share price of Yinson can be at 5.05 as recommended by Maybank Investment Bank, then Yinson share will be included into the component stock of FBMKLCI.
It will be a win-win situation for both Yinson and EPF if Yinson share can be a component stock of FBMKLCI.

Hope my letter to the Board Of Director of Yinson will help to boost up the share price of Yinson.
Thank you.

According to the below IBs, the target price of Yinson should be as follows :-
Maybank - 5.05
AMI - 3.96
Kenanga - 3.65
UOB - 3.75
CIMB - 3.27
RHB - 3.06

Note :
Based on Maybank's report, the target price of Yinson is at 5.05.
If this target price can be achieved, the market cap of Yinson is > 15 billion.
Then Yinson can be considered as a component stock of FBMKLCI.
The market cap of YTLPower is about 15 to 16 billion (to be included in FBMKLCI component stock in December 2023).

Thank you.

Salient points of the recommendation report posted by Oaklands Path
Please read this report via the link below.
https://www.oaklandspath.com/the-fpso-industry-and-top-tier-lessor-and-operator-yinson

1.) Yinson is the only FPSO company that has consistently turned a profit over the past decade. It has a proven track record of delivering FPSO projects on time and within budget, even during the COVID-19 pandemic. It was the only company in the world not to delay a project due to the pandemic.
2.) Yinson has also had no major health, safety, or environmental or downtime incidents. As a result of its strong track record, Yinson is a preferred bidder in the market.
3.) Yinson has the capacity to build 1 FPSO vessel a year only.
4.) Yinson is the only FPSO lease contractor that is consistently profitable throughout the period.
5.) Yinson entered the offshore oil production industry in 2012 and its margin has been increasing since then. However, the average margin in the last four years is lower than the previous years due to the accounting treatment of finance leases. Under finance lease accounting, Yinson is required to recognize construction revenue and profit during the construction phase, which lowers the company's margin. Once these FPSOs start operation, Yinson's margin should start moving up again. Construction profit is only 7.6% of the revenue whereas chartering service contract rate is 39.6% of the revenue.
6.) After winning the bid, the FPSO lease contractor (Yinson) will build the FPSO and deliver it within the agreed-upon timeframe. The lessor will be responsible for financing the construction and ownership of the FPSO. However, after final acceptance and release of performance guarantee by the client, the loan will become non-recourse to the lessor and will instead be guaranteed by the oil company through the novation of guaranteed lease payment.
7.) The FPSO lease contractor (Yinson) will focus on achieving final acceptance and after which, it will be entitled to full day rate payment and the loan will no longer be recourse to the lessor. In other words, the loan no longer belongs to Yinson and the loan is transferred to the owner of the oil company once the FPSO vessel is subjected to final acceptance and release of performance guarantee by the client.
8.) FPSO Anna Nery achieved financial acceptance on May-23 and began generating lease income. Currently, it still has 3 more FPSOs under construction. FPSO Atlanta and FPSO Maria Quiteria will be delivered next year and FPSO Agogo will be delivered by Feb-26.
9.) Likewise, the loans of 3 FPSO presently under construction will disappear in 2024 and 2026 respectively once the FPSO vessel is subjected to final acceptance and release of performance guarantee by the client. These loans will be transferred to the respective oil company.
10.) Yinson focuses on getting long-term charter contracts, which generate long-term revenue. Focusing on larger vessels with longer firm lease period naturally lowers the risk of termination. FPSOs are essentially floating oil factories. For large oil fields, the average cash production cost per barrel is only a few US dollars. All the exploration and subsea assets invested are sunk costs, so even if the oil price drops to US$30 per barrel, it still makes sense for oil companies to continue producing oil, as the variable cost is less than US$10 per barrel. This is why we have historically seen very few cancellations of FPSO contracts, even when oil prices are low. Terminations usually happen when the productivity of a field turns out to be much lower than the initial estimate, and this risk is borne by the oil companies.
11.) Renewal Energy (RE) and GreenTech - In early 2021, it secured a new contract to build, own and operate a 285MWp(DC) solar plant, which is currently under commissioning in the Nokh Solar Park, India. Unfortunately, the sudden surge in solar panel prices after the contract was awarded resulted in an impairment loss of RM117m recognized in FY Jan-23.
12.) Assuming Yinson does not take on new jobs and does not spend further CAPEX in the renewable energy division, its free cash flow generation should be more than RM3bn each year from FY Jan-27 onwards. This level of free cash flow generation should be sustainable for at least 15 years based on the firm lease period.
13.) The actual operating cash flow should reach over RM3bn in calendar year 2026 and is sustainable for at least another 15 years based on the firm period alone. This compared to a market cap of RM7.4bn today with total net debt of RM11bn. The debt could be fully paid within a few years if the company does not take on a new project. The cash leftover for shareholders may equal 5 to 8 times of today’s market cap i.e. may equal to 59.2 billion in 15 years time.

Thank you.

Dear HuatRex1314,
Noted.
Thank you.

@Permutation,
Based on Maybank report, the target price is 5.05.
The fundamental of Yinson is very good, please read the report from Oaklands Path.
No one will know whether Yinson can perform or not.

According to the below IBs, the target price of Yinson should be as follows :-
Maybank - 5.05
AMI - 3.96
Kenanga - 3.65
UOB - 3.75
CIMB - 3.27
RHB - 3.06
Thank you.

Posted by James_Bond > 2 days ago | Report Abuse
Robert is extremely high risk taker! Do you know Yinson might end up like Evergrande Group 2.0? Anyway, Good Luck!
-----------------------
Posted by James_Bond > 2 days ago | Report Abuse
High borrowing will kill Yinson! It kills Evergrande Group successfully! Next, will it be Yinson, high borrowing company?
--------------------
@James_Bond,

Oaklands Path is a broker authorised by the Hong Kong Stock Exchange.

Please read this report via the link below.
https://www.oaklandspath.com/the-fpso-industry-and-top-tier-lessor-and-operator-yinson
This article would not have been possible without the sharing of Raymond Yap of CGSCIMB and Keat Seng of KSC.
Note :
FPSO Anna Nery achieved financial acceptance in May-23 and began generating lease income.
Currently, it still has 3 more FPSOs under construction.
FPSO Atlanta and FPSO Maria Quiteria will be delivered next year and FPSO Agogo will be delivered by Feb-26.
The present debt incurred by the aforesaid 3 FPSO vessels.
The high debt will disappear by 2026 if the company does not take on new project.
Example.
FPSO Anna Nery achieved financial acceptance in May-23.
The loan is no longer belong to Yinson and the loan is transferred to the owner of the oil company once FPSO Anna Nery is accepted for full operations.
Likewise, the loans of 3 FPSO presently under construction will disappear in 2024 and 2026 once the FPSO is accepted for full operation and subjected to final acceptance by the oil company.

The actual operating cash flow should reach over RM3bn in calendar year 2026 and is sustainable for at least another 15 years based on the firm period alone. This compared to a market cap of RM7.4bn today with total net debt of RM11bn.

The debt could be fully paid within a few years if the company does not take on a new project. The cash leftover for shareholders may equal 5 to 8 times of today’s market cap i.e. may equal 59.2 billion in 15 years time.

Please read the aforesaid article again and again, all your questions will be resolved.
The aforesaid article written by Oaklands Path on Yinson is very good, you will understand the fundamental of Yinson very well.
Thank you.

Dear klee,
No worry, I just express my thought only.
Thank you.

Based on FA, the chance for the share price of YTLPower to move up north is higher than the chance for the share price of YTLPower to move down south.
No one knows the right answer, it is the strategy that counts.
No right or wrong.

Post removed.Why?

Posted by dragon328 > 3 minutes ago | Report Abuse

Not helping was the abortion of the deal for KLK to take over BPlant. That gave a bad impression to foreign funds as in our free capital market is easily disrupted by politics and government policy.
-----------------
I agreed with you.
When I read the news I feel very sad for Malaysia and KLSE.
I want to buy the Sukuk/bond from LTAT, I am very angry on this news and I finally cancelled my purchase.
Thank you.

Dear dragon328,
Most of investors are worried on higher bond yield and another round of interest rate hike at the end of 2023 in the U.S.
Do not blame investors in KLSE, last 3 years of bear market in KLSE, many old timer investors lost a lot of money until they are frightened to invest on a longer term basis.
The present style of investing in KLSE is to make peanut profit and run for life.
My 2 cents comment.

Posted by Apple888 > 6 minutes ago | Report Abuse
Price now 1.90
Rr88 beaten otb
----------------
Ya loh.
OTB is so stupiid, make so much profit still did not sell.
Warren Buffett is even more stupiid, buy BYD at 1.00 in 2007, still did not sell at 232 now.

I can hold my Supermx in 2020 at 3.60 until 24.00, who is the real winner finally ?
Do not waste my time to argue, I know what is investment in share.
I am not the person who is good to make 3 cents profit only.
Continue to laugh at me, definitely will not lose in YTLPower because I am still in very big profit.
Thank you.

Dear dragon328,
You are using fundamental to derive your answers.

I am using Fibonacci projection to project the potential share price for 2023.
161.8% - 3.18
1.50.0% - 3.00
138.2% - 2.82
123.6% - 2.60
100.0% - 2.24
78.6% - 1.91
61.8% - 1.66

Downside
1.91 - 1.88
I hope the strong support at 1.91 will not broken (closed at 1.92 today).
1.66 - 1.78
The next support will be at 1.66.

Upside
2.60 - 2.67
2.82 - 2.90 (average of 2.80 and 3.00)
3.00
3.18 - 3.12

I think my number almost meet your number.
You can use it as a reference.

Thank you.

Post removed.Why?

I made multi million profit from KLSE.
I have my records to show in I3.
------------------------
rr88 lost 15 million in KLSE year-to-date.
rr88 lost almost all trades in YTLPower, Armada and UEMS.
rr88 will lose in KLSE until bankrupt.

Post removed.Why?

I recommended YTLPower around 1.00 to 1.10.
Who dare to screw me ?
I will fight back and curse him until he dies especially rr88.
I never tell any lie here and I did not bullshit like rr88 in I3.
Please show me any article I posted in this forum is not based on facts and figures.
-----------------------
rr88 lost 15 million in KLSE year-to-date.
rr88 buy shares on contra only, he has no money to pick up shares with cash.
rr88 has no technical analysis skill, he simply bullshit on candlestick rule and chart pattern.
There is no "head and shoulders" chart pattern in YTLPower share price chart now.
rr88 just simply telling lies and bullshit in I3.
When KLSE is bearish, he will come out to attack YTLPower because he had been wrong on his predictions on YTLPower all the time.
----------------------
I do not simply telling lies and bullshit in I3 like rr88.
There is no "head and shoulders" chart pattern in YTLPower share price chart.
rr88 is just telling lies to frighten away all innocent investors in I3.
rr88 just simply telling lies to all investors in 2020 to sell away Supermx share from 5.00 to 20.00.
His action caused all investors to lose money making opportunities in 2020.
rr88 never feel guilty and never change, still behave the same way to tell lies in I3.

You can express your opinion in I3 freely.
I welcome second opinion so that we do not invest wrongly on the stock.
You must read the technical chart according to candlestick rules if you use candlestick.
You cannot read the candlestick chart rules to suit you and tell big lies in I3 to frighten away all investors. I believe it is not fair to use this dirty technique.
Everyone should have his responsibility to ensure all readers will benefit from his posting.
Bullshit and telling lies are not welcome here.
Please note that there are many TA experts in I3.
You cannot cheat all the people all the time in I3.

Our KLSE has not performing well over the last 30 years.
I still remembered FBMKLCI was at a record high at 1,332 in January 1994, the FBMKLCI increased only 100 points until 2023.
JSX or Indonesian stock market has increased 650% in the last 30 years.
I believe KLSE will catch up in the next 3 years.
All investors invested in KLSE will do well in the next 3 years.
My 2 cents comment only.
The final decision to buy is always yours.
Thank you.

The share price of YTLPower will drop to 1.30, why buy at 1.92 ?

rr88 lost 15 million in KLSE year-to-date.
rr88 buy shares on contra only, he has no money to pick up shares with cash.
rr88 has no technical analysis skill, he simply bullshit on candlestick rule and chart pattern.
There is no "head and shoulders" chart pattern in YTLPower share price chart now.
rr88 just simply telling lies and bullshit in I3.
When KLSE is bearish, he will come out to attack YTLPower because he had been wrong on his predictions on YTLPower all the time.

I recommended YTLPower to my group when the share price was around 1.00 to 1.10.
I invest in a bit longer term, I expect the share price of YTLPower to go to 4.00 in the next 1 to 2 years.
I cannot find any good stock like YTLPower, hence I still hold on to this stock.
I am laughing all the way to the bank now.
I hold on to YTLPower share because I believe in dragon328's articles on YTLPower.
------------------------------
I do not need to run away from I3.
I am not so poor like rr88 to buy on contra because rr88 has no money to pick up the shares with cash.
I am not so poor like rr88, I do not buy 1 or 2 lots only.
I sailang on YTLPower.
Thank you.

There is no "head and shoulders" chart pattern in YTLPower share price chart.
rr88, do not tell lies and bullshit in I3.

There are many TA experts in I3.
I interpreted technical charts according to the rule of candlesticks.
Please tell me which part of my postings is wrong.
Please enlighten me.

I do not simply telling lies and bullshit in I3 like rr88.
There is no "head and shoulders" chart pattern in YTLPower share price chart.
rr88 is just telling lies to frighten away all innocent investors in I3.
rr88 just simply telling lies to all investors in 2020 to sell away Supermx share from 5.00 to 20.00.
His action caused all investors to lose money making opportunities in 2020.
rr88 never feel guilty and never change, still behave the same way to tell lies in I3.

I never run away from I3.
If I post my recommendation wrongly, I will apologise in I3 sincerely for my mistake.
I do not tell lies in I3.
-----------------

I recommended many stocks in I3 since 2013.
Based on my performance records, many readers who followed my recommendation would make a lot of money in KLSE.
Many readers who followed my recommendation on Supermx in 2020 have made "million" in profit.
I feel very pleased and happy when my recommendation made a lot of money like my recommendation on Supermx in 2020.
My intention is to help readers here to make a lot of money from KLSE.
In 2023, my recommendations on AAX, Armada, YTL, YTLPower, WCEHB and UEMS are doing very well, I feel very happy on my performance so far.
Thank you.

Post removed.Why?

Affin Hwang Investment report on foreign funds participation.
Dated 27/9/2023 transaction.
Buy=566, Sell=539. Net buy 27 million.

Dated 29/9/2023 transaction.
Buy=615.8, Sell=538.5. Net buy 77.3 million.

Thank you.

Disclaimer :
No one can predict the share price accurately all the time.
I want to stress that there is no 100% sure on the accurate movement of the share price.
Likewise, the candlestick chart pattern is also served as a guide only, not 100% sure it is correct all the time.
-----------------------

What Is a Hammer Candlestick?
A hammer is a price pattern in candlestick charting that occurs when a security trades significantly lower than its opening, but rallies within the period to close near the opening price. This pattern forms a hammer-shaped candlestick, in which the lower shadow is at least twice the size of the real body. The body of the candlestick represents the difference between the opening and closing prices, while the shadow shows the high and low prices for the period.

1.) Hammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow.
2.) The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price.
3.) The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small.
4.) The lower shadow should be at least two times the height of the real body.
5.) Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation.

Further confirmation on trend reversal.
1.) I wish to see the closing price of the candle on 2/10/2023 to be higher than the high of the candle on 27/9/203 at 2.07.
2.) If the share price of the candle closes on 2/10/2023 is higher than 2.07, then the trend reversal is double confirmed.
3.) The 3 candles on 27/9/2023, 29/9/2023 and 2/10/2023 formed a "Morning Star" chart pattern which is a strong trend reversal signal.
4.) If a "Morning Star" chart pattern is confirmed, there is a good chance that the share price of YTLPower will break 2.24 which is the Pivot line of a "Cup And Handle" chart pattern.
5.) Once the "Cup And Handle" chart pattern is confirmed, there is a good chance for the share price of YTLPower to move up north to 2.90 in 2023.

Good luck to all investors here.
Hope you will be laughing all the way to the bank.
Thank you.

Post removed.Why?

Post removed.Why?

When you write sincerely and honestly, the god will bless you and reward you accordingly.
When you do a lot of harms to all readers here, the god will not bless you.
Market will punish you severely.
Always do a lot of good deeds here.

Dear klee,
Ok.
Thank you.

There are many TA experts in I3, rr88 never ever bullshit here.
Do not twist the facts to suit you.
Read the TA chart correctly.
Do not know, learn from all sifu here.
rr88, do not tell lies in I3.

Post removed.Why?

Posted by CIO888 > 14 minutes ago | Report Abuse
@ Mr. OTB, what is the TA reading now?
-------------------------
Daily chart
There is a double top at 2.24.
The share price is undergoing a correction.
Strong supports are at 2.01 and 1.88 respectively.
If the share price can break above 2.24 within 2 weeks, then the chart pattern formation is called "Cup And Handle" chart pattern which is a very bullish chart pattern.
The uptrending is still intact as long as the aforesaid support at 2.01 and 1.88 respectively are not broken.
The share price of YTLPower is still in a technical bull market, hence the chance to drop below 1.88 is very slim.

Weekly chart
The Weekly MACD is still a buy signal, no worry.

Thank you.

I recommend many stocks in I3 since 2013.
Based on my performance records, many readers who followed my recommendation would make a lot of money in KLSE.
Many readers who followed my recommendation on Supermx have made "million" profit.
I feel very pleased when my recommendation made a lot of money.
My intention is to help readers here to make a lot of money from KLSE.
I really appreciate dragon328 for all his good postings on YTLPower in I3.

I also want to help Jerichomy to make money in I3.
Unfortunately the stock that Jerichomy hoot big or sailang at that time is LayHong.
Jerichomy lost a lot of money and requested me to help him to recover.
Jerichomy requested me to recommend LayHong to my followers to support or push up the share price of LayHong.
I checked the FA of LayHong at that time, unfortunately the FA cannot passed my stock selection criteria.
Hence I turned down Jerichomy's request politely that I cannot help him because the FA of LayHong cannot pass my stock selection criteria.
If the FA of LayHong at that time is good and meet my stock selection criteria, I would have helped him to recommend LayHong to my followers and also posted my recommendation in I3.
Thus it is very unfair for Jerichomy to blame me non-stop in I3.
It is not my fault and I cannot simply recommend a lousy stock in I3 and also to my followers.
I also feel sad that Jerichomy lost in LayHong until bankrupt.
I know the bitterness or bad feelings of Jerichomy to be a bankrupt.
Even how good this YTLPower is, Jerichomy has no chance to buy this super FA stock now.
I hope that a miracle will happen to Jerichomy so that he can relieve from his bankruptcy.
I am so sorry that I cannot help Jerichomy right now, please stop to blame me, Jerichomy.
Thank you.

TA of YTLPower is still an uptrending chart.
FA of YTLPower is still continue to make more profit or PAT in FY2024.
This correction is a normal correction.
No share price can go up in a straight line, it needs a correction in order to break new high.
Thank you.

Post removed.Why?

Post removed.Why?