must be the letter from energy commission on the power tariff that the government will purchase power which can kick start the raising of financing and appointment of contractor
MFCB get to above 5 because its power plant project is completed and Jaks is above 1.25 also because it has a power plant project under construction.If Tadmax gets this final letter it will join the league and its stock price will appear to be too cheap
Tadmax wishes to announce that the Company has today received a Letter of Notification from MESTECC to proceed with the development of Combined-Cycle Gas Turbine Power Plant (“CCGT”) with capacity of 1,200 MW at Pulau Indah, Selangor Darul Ehsan to be undertaken by the Company’s project company, Tadmax Indah Power Sdn Bhd (“the Project”). The construction period will be approximately 3 years and the scheduled commercial of the CCGT is envisaged on 1 January 2024.
Tadmax wishes to announce that the Company has today received a Letter of Notification from MESTECC to proceed with the development of Combined-Cycle Gas Turbine Power Plant (“CCGT”) with capacity of 1,200 MW at Pulau Indah, Selangor Darul Ehsan to be undertaken by the Company’s project company, Tadmax Indah Power Sdn Bhd (“the Project”). The construction period will be approximately 3 years and the scheduled commercial of the CCGT is envisaged on 1 January 2024
i dont think so.. the letter says that the the project wont bring immediate revenue/profitability to the group until the commencement of the commercial operations in 2024.. Tadmax will sleep for 4 years now.. hahaha
agree.malaysian tariff is always better and being in pulau indah there is visibility and transparency.now just need a proven main contractor.Kepco will likely tie up Posco ,korean engineering power house.
Currently Tadmax trading much below it's net asset per share of 49 sen without the IPP! With the IPP ia now officially going ahead, you can imagine what the price will be going forward.
This is supposed to be a v good news Existingly Tadmax also has palm oil plantation Lumber prices has also gone up This counter just hold . One hot enough could fly through roof . Nta is so high compare to current price . Downside risk limited upside gain plenty .
Tadmax price will gradually but steadily go up in keeping with the progress of the plant construction and operation. Current price seems do not yet include any value of the power business. The return of its power plant likely to be attractive as it was awarded before the new open bidding policy. Tepco as the technical partner will ensure that the construction and operation will progress smoothly with minimum risk.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
cheoky
2,823 posts
Posted by cheoky > 2019-12-12 21:22 | Report Abuse
i pun tak tahu but i guess it is cuming.