If based on 750MW at 24 hours capacity or 18000 MWhr/per day, area cover with PV is
3600000 m2 or 890 acres. Only 56% of area covered with PV. This can be done provided all electricity produced by the system is allowed to go into distribution grid at day time. Similar to Malaysia using housing roof top to install PV and extra electricity produced is metered( sell) to go into TENAGA's distribution grid and exchange for night electricity consumption.

Rewa Ultra Mega Solar Project in India, with capacity of 750 MW at the construction cost of USD658 Millions. The site area of 1590 acres with Flat-panel PV was commissioned at 5th, July,2018.

Site solar resource = 5.0 - 5.5 KWh/m2 per day. Assume 10 Hour per day working.
Area of Flat panel PV = 750MW x 10 hr / 5 = 1500000 m2
Only 25% of the area coverred with PV.

Utility tariff from Oct to Dec,2021 is S$0.2411 excluded GST. Less distribution cost and etc, the balance amount to generation plant is S$0.1788. Max revenue per hour is = 100000Kwhr x S$0.1788 =$17880.00/ hr. Assume 10 hours supply, one day revenue = $178800.00 or yearly revenue of S$65.26 millions.

Next month dividend about 2.5 cents(7.44 cents X 0.35 = 2.6 cents).

Malaysia Sabah Port Gets In Principle Approval For Higher Tariff-Suria Capital Executive

KUALA LUMPUR (Sep 8) -- A proposal by state-owned Suria Capital Holdings to raise port tariff in Sabah state by 10%-to-20% has been approved “in principle” by the state cabinet, its managing director said.

The increase in certain charges will have to reflect current trends such as usage of high-tech equipment, inflation, and maritime conventions, Managing Director Ng Kiat Min told NewsRise. The revisions, if approved, will cover all types of containers, ranging from most common 20-foot container to dangerous cargo container, she said.

"The revision of the tariff is crucial as many of the tariffs are outdated and below market rate,” Ng said, noting that tariff has largely remained unchanged since 1977. "The need is immediate."

Suria Capital operates eight ports in Sabah, including Sapangar Bay Container Port, Sapangar Bay Oil Terminal, Kota Kinabalu Port, Sandakan Port, Tawau Port, Lahad Datu Port, Kunak Port and Kudat Port. Currently, Sabah Ports' charge ranges from 350 ringgit-to-860 ringgit per container depending on the types.

"In the privatization agreement of 2004, there is a provision that allows us to apply for a tariff revision," she said, noting that there was also a provision for its unit Sabah Ports to amend the tariff from time-to-time based on the financial needs to meet the current trend and market needs in the port industry.

The company is also seeking a 30 year extension for its ports concession from the state government, Ng said. Suria Capital's current concession will expire in 2034.

"It is very crucial due to the capital investment that Sabah Port is going to embark to meet the demand and opportunities and also requirements by potential investors," Ng said. A longer concession period will make it feasible and viable for all the stakeholders, she added.

If raise tariff, after tax profit will be about Rm70-80 millions or EPS of Rm0.20-0.23. At 35% pay out dividend, we can receive 7 to 8 cents per annum or 4.5-5% dividend yield.

Hopefully the management will announce raise tariff next week and the share price can go slightly higher to Rm1.5-1.6

I think the land will be for solar energy. About Rm6/SQ, consider good buy.

Fund managers are one of the smart peoples in the market. They will come in to the company on their own if only they find out the company has value for them to invest. I am happy to hear that "raise the port tariff just been approved in principle by the state government", and hope that the management will add this value to the company soonest. Thank you.

Share price is keep going south which mean that shareholders(fund managers) give up support and sold the shares to the market.(30th top shareholders, getting less fund managers in it). The management should look into to add value to the company and attract them back. Share price will not go up if only depend on retailers, we need fund managers interest in the company.

@SincereStock, we are not asking the management to buy up shares, we are just to inform that the tariff charges had not revised since 1977 as mentioned by Q1029384756. If the share price going south, can't the management look into way to reverse it, for example raise the tariff, all shareholders are benefited

The share price of Suria Rm2.9 at July,2014 and after 7 years of dropping to Rm1.13, I think the management should look into some where going wrong and reverse it.

If the rate of increase for all cargo and containers at 15%, the collection of Port charges expected to increase by Rm10 M to Rm75 M per quarter. Before tax profit may increase by Rm7.5 M and after tax will be about Rm5 M. Expected quarterly result will be at Rm20 M or Rm80 M per annum. With minimum dividend of 35% of annual profit, equivalent to 8 cents per annum. The dividend yield will increase to 7% at the share price of 1.13.

https://www.youtube.com/watch?v=EyOwxvrcsdk

I watched the interview with YTL Ceo on Bloomberg a few weeks ago and it was pretty decent actually. Basically the gist of the interview is that construction activities have returned to normal and investors should expect a short term jump in profits in the utilities and construction business. From this point, short-sellers should re-access their position and consider going Long on YTL

Wait for November announcement of 3 cents dividend. In the market, there are still 37.76% public float or 130.58 Millions shares in the hand of retailers and fund managers.

Before Urusharta sold the 9.3% share, the Top 30 shareholders have 76.6% of the company share( Not much changes for pass few years). After disposed by Urusharta, the top 30 shareholders hold about 67.6%. Means that the 9% shares had been collected by some bodies hide behind top 30 shareholders.

Thanks. Urusharta had sold off all his share some time last year April/May,2020. Now should be empty. All except Urusharta, holding date was 27/4/2021 as report, only Urusharta on 24/4/2020. The reported figure was based on top 30 shareholders, others small account was not included.

Where you get the information Urusharta Jemaah Sdn Bhd owned 4.09%? Please let us know. Thank you.

Investortrader88, I didn't seen Urusharta Jemaah Sdn Bhd in the top 30 shareholders at annual report 2020. It was three years ago when Lembaga Tabuan Haji transferred the share to treasury and in the hand of Urusharta. The share 9.3% was splitted into 3 funds and completely sold off to the the market at last year when the price of share dropped heavily. Your figure Urusharta owned 4.09% again, which means that the company buy back again? Or possibility that something good going to happen????

The electricity produced by the company are sold to SPgroup. The selling price was increasing from S$0.137 to S$0.1715 at 1/7/2020 to 1/7/2021 respectively.The selling price of electricity will continue to rise and expected the profit of the company will be good for next few quarters.

Last year 4th quarter, the company increased the amount of hedging and expected to make a lot of money after recent gas price increased. The gas price now already in 4.10 and expected next few quarters will make lot of money from hedging. The company had paid out 2 cents dividend at June,21 and will pay out another 5 cents after 4th quarter announcement of result with huge profit.

The hedging profit of Rm 208 millions for 3rd quarter and will increase much further as the gas price had increased from 2.61(1/4/2021) to 3.66(1/7/2021). The hedging profit will translate into actual profit after it expired.

QTR..... RM HEDGING<=1 YEAR .......PROFIT/LOSS(RM) .........GAS PRICE .......electric sell S$
4th,21.........................................................................................3.66 ..................0.1715
3rd,21......... 939576000 .........................208488000 .....................2.61 ..................0.1632
2nd,21.........967006000............................95280000 ......................2.54 .................0.1486
1st,21 ........1020046000......................... -66781000 ......................2.53 .................0.1553
4th,20 .......1251463000 ........................-119491000 ......................1.73 .................0.1370
3rd,20 ........982034000 .........................-388002000 ......................1.55 .................0.1712

When the fuel price coming down, hedging will lose money. When price going up, hedging will make good money. This is what happened to YTLPOWER now.

Performance of YTLPOWER at Singapore will be very good. The selling cost of electricity to SPgroup had increased by 10%( 3rd Quarter to 4th Quarter). Further more, Ytlpower invest heavily in buying ahead of gas a year ago( hedging) was less than 50% of the present cost. Expected to performance well and will announce a good dividend end of the month.

What is force majeure? Force majeure is unforeseeable circumstances that prevent contactors from fulfilling a contract.

The Covid 19 pandemic is an unprecedented global crisis. The performance of contractual obligations has become very difficult, if not impossible for construction contractors. Contractors can claim for reimbursement for losses under force majeure clause in the conditions of contact.

Contractors can claim the followings:

1. More time to complete the contract due to the delay caused by mandatory MCO, workers cannot go to work.

2. During the delay, contractors suffer losses. Contractors can claim for reimbursement of establishment expenses, staff salaries, depreciation of construction equipment, bank interest for bank loan etc.

3. Contractors can also claim for rate increase due to the price increases of building materials. For example, workers cannot go to work for steel companies to make steel and steel products. As a result, the prices for all steel and steel products have gone up.

The company APCO is now go into force majeure with Jordan government.

Ytlpower is in recovery path and now should be in Phase 2. Next month by the quarterly result annoucement, it will be in Phase 3.
Hope for good dividend of 3 cents or even better 5 cents.

For the year 2020 under review, Sabah Ports’ total container volume was down by 5.8% to 357,416 Twenty-Foot Equivalent Units (TEUs) from 379,384 TEUs in the preceding year. Sapangar Bay Container Port handled 71.2% of the overall TEUs, a decrease of 4.7% at 254,630 TEUs in 2020 compared to 267,094 TEUs in 2019.

Sapangar Bay Container Port (SBCP) Expansion -
The tender exercise for the proposed expansion of SBCP has been completed. The project is funded by the Federal Government and implemented by the Sabah Economic Development and Investment Authority (SEDIA). It is expected that the tender will be awarded to the successful tenderer within the second quarter of 2021. Upon completion of the SBCP expansion, Sabah
Ports shall invest in port equipment / superstructures to complement the increase in the handling capacity from the current 500,000 TEUs to 1.25 million TEUs. The project was awarded to WCT JV
with CCCC on 9/7/2021 with the cost of Rm900 Millions and the completion will be at Feb, 2025.
The containers handled at year 2020 was only 0.25 million TEUs and the capacity from current 0.5 million TEUs will increase to 1.25 million TEUs, the company foreseen to expanse into regional transition hub for the region. Present management of Suria might not capable to handle the business and privatisation to bring in business partner will be possible.

Sapangar Bay Conventional Cargo Terminal (SBCCT)
The development of SBCCT is currently at the planning stage. Upon completion, the general cargo operations at the Kota Kinabalu Port will be relocated to SBCCT to make way for the development of an international cruise terminal supplemented with related commercial realties. This SBCCT
project is expected to take three (3) years to complete( also at year 2025 ).

This friday is the last day to entitle 2 cents dividend.

MMC will be more interested to work with Sabah ports instead of Bintulu Port. Logistic wise, Sabah ports are very good location to serve East Asia countries and will be good as transhipment port for the region. Existing management might not in the capacity to expand the operation and definately has to bring in partner to develop and grow the business.

MMC has been looking to float its port operations for some time now. However, with its ports and logistics segment contributing more than 72% of revenue and more than 90% of profits before tax and zakat in FY2020, there could be issues with its listing status following a flotation of the port business. So, the privatisation of MMC is in progress now.

Suria financial position is similar to MMC where revenue and profits are majority from port operation. MMC will only interest in Suria's port operation and want to grow the port operation together with Sabah state goverbment. So, privatisation of the company is the one of the venue for them to work together, and get most of the benefit from the deal.

Other than Penang Port, other terminals under the MMC banner include Northport (M) Bhd, Port of Tanjung Pelepas Sdn Bhd and Johor Port Bhd. There have also been attempts by MMC in the past to acquire stakes in Sabah Ports Sdn Bhd from Suria Capital Bhd and in Bintulu Port Bhd in Sarawak, but these have not been fruitful.

MMC and Sabah government might used the same method as privatisation of MMC by buying all shares at Rm2.

MMC might join venture with Sabah government to privatise Suria with Sabah Government 50.5% and MMC 49.5%. MMC's ports will be listed soon at Bursa and the join venture will benefit both parties to develop Sabah port business. Both parties will win in the deal. As a small share holders, we also want to win too. So all must be in win win situation.

Chartwise, yesterday, resistance line was broken, may indicate the price may go higher. Hopefully will go higher than last peak of Rm1.23

90% of revenue was from Singapore and England. Almost all the profit was from the countries too. The vaccination of Covid-19 of the 2 countries are one of the best countries in the world. Economy in of the 2 countries are performed satisfactory this year. 2 cents dividend declared unexpectedly indicated Directors need money for their expenses and expected more dividend to come.

Hope for 4 cents

Suria, no quarterly report announced. when will be announcement?

k3nthiew, I fully agreed with you that the dividend policy will increase from present 35% to 50% as the committed fund had reached Rm1.072 billion as against of RM1.3 billion in the concession agreement. From 2021 to 2034( 14 years), each year only require to invest further average of Rm16.3 millions per annum to comply with the agreement. The balance profit best way is to distribute back to the shareholders which main shareholder is Sabah government.

Total outstanding shares = 8158M-483M= 7675M
DIVIDEND share issued = 7675M/16 = 479.69M
Balanced in treasury after issuing of dividend = 3.31 M
Still ok

Hope to give 3.5 cents cash dividend plus to give 1 treasury share for 50

FD left with 1.85% per annum. Suria dividend >5%. Why selling? Still accumulating.

He was so dumb to buy at Rm 2.50, we are more dumb not to buy at Rm 0.49

The approved but not contracted for amounting to RM228.0 million represents the balance of
the total capital expenditures commitment of RM1.3 billion during the concession period of 30
years under the Ports Privatisation Agreement. The agreement will be expired at 2034 or 14 more years to go or each year committed fund is about Rm 16.3 millions. With the profit of about Rm50 to 60 million a year, there will be sufficient fund to pay for higher dividend or other investment in the future.

3.5.11 The concession period for the business of the Port Undertakings shall be a period of thirty (30) years commencing on the Takeover Date ending on the expiry of the term of the concession (“Concession Period”). SPSB shall notify the State and SPA if it intends to extend the concession for a further term of thirty (30) years and if there shall then be no subsisting breach of SPSB’s obligations, the concession may be extended upon terms to be mutually agreed at that time. An annual concession fee of RM3.1 million and annual licence fee of RM50,000 are payable in advance within the first month of each concession year.

3.5.12 SPA shall issue the licence to SPSB in which SPSB shall have the right to carry out the Port Undertakings throughout the Concession Period (“Licence”). The period of the licence shall be co-terminous with the Concession Period.

3.5.13 SPSB shall provide sufficient infrastructures and facilities to comply with the Licence and carry out and/or effect the capital expenditure works. The capital expenditure is estimated to cost RM1,363,000,000 over the Concession Period (“Capital Expenditure”). Nevertheless, the parties shall revise the Capital Expenditure to be incurred by SPSB every five (5) years (“Capital Expenditure Period”) based on a predetermined formula (“Revised Capital Expenditure”).

With reference to an article appearing in the Malaysian Reserve on 10 April 2018, Suria wishes to clarify that on 23 September 2016, Suria had announced that the Company intends to acquire approximately 28.9 acres of land located at Kota Kinabalu port in Sabah (KK Land) to develop an international cruise terminal and related reality in Kota Kinabalu and that Suria intends to raise funds to acquire the land via fund raising exercise. On 21 March 2018, Suria had further announced that the Company had accepted the Offer to Alienate the 28.9 acres by paying the sum of RM24,237,500 to the Lands and Surveys Department, Sabah being the 50% premium payable.

WARISAN HARTA SABAH + YAYASAN SABAH + CHIEF MINISTER SABAH = 50.7 % OF SHARE CAPITAL.

https://www.thestar.com.my/business/business-news/2020/04/25/eye-on-stock-suria-capital-holdings

Urusharta, very close to 5% share balance.

Much better than Fixed Deposit which expected to drop to 2% by year end.

Usually, final dividend is announced before end of April and pay at month of July. Hope this year is no change as schedule.