EPF last sold some 10 million shares in YTL on 28 Feb 2023, that is when YTL shares shot up to 0.58 then got pressed down to 0.555. Again similar thing happened at YTLPower last Friday when its share price was sold down in the afternoon from 0.815 to 0.785 with volume of 10.8 million shares. I suspect it was EPF who sold it down.
EPF investment strategy is hard to comprehend, distorted by various withdrawals and dividend payouts at times. But at the end of the day, fundamentals prevail and EPF will start buying back as YTLP and YTL increase dividend payouts going forward
EPF has its own agenda when disposing shares and often the decision is not purely based on merits and fundamentals.
As we see in the case of Astro, EPF sold down its stakes in Astro aggressively after Astro reported a poor set of results in Dec 2022 and ceased to be a substantial shareholder as announced on 13 Jan 2023. Astro share price dropped to rock bottom prices below RM0.60 but today it surged up 20% to RM0.73.
So the lesson is that fundamental prevails at the end of the day and the market will sooner or later appreciate the value of the company
I think we should look at the KL-Singapore HSR from a different perspective, it would offer something really different from what we have now. It will be a game changer.
KL-Singapore remains the busiest air routes in the world with over 30,000 flights a year, carrying over 4 million passengers. Air tickets from KL to Singapore are getting expensive as fuel oil prices remain at elevated level above US$80/bbl, especially during holidays/CNY/GE seasons.
It would take just 90 minutes to commute from KL to Singapore and vice versa on a HSR, compared to over 2 hours on flight + waiting time + check-in time and over 4 hours on car or double-track commuter train. Time is of essence for business people, and the short commute time of 90 min for HSR will help them a lot in making day trips. Furthermore they can read and work or rest on HSR, a great advantage over driving on roads.
Of course the HSR fee would not be cheap but should be cheaper than a flight ticket. It would be definitely cheaper to drive a car especially for a family of 2 or more, but if they can save on one night of accommodation if taking HSR, then the overall cost may be cheaper.
One should go and try at least once the HSR in China, it is truly impressive and I would like to see such an option here in Malaysia. Just imagine if we could take HSR from Penang to JB/Singapore for a 3-hour comfortable ride (instead of taking an overnight 9-hour bus), how much time we could save and how much we could promote economic activities and social interaction.
It is a real pity that such a great project was cancelled twice by Tun M administration, first in 1998 era when the original proposed cost was just RM15.5 billion for the 350km project, and secondly in 2018 after PH took over and Tun M became PM again. In 2018, the whole project had been fully negotiated with Singapore and the southern portion had been awarded to YTL consortium.
The fact that Singapore government had endorsed and supported the HSR project clearly shows the importance and significance of this project, and the enormous economic benefits it would bring. Unfortunately, it was terminated one-sidedly by Malaysia citing high debts in Malaysia. I fully agree with what Anthony Loke said about the potential revival of this project. If a private consortium can come out and fund it, why not revive it?
It will give a huge boost to the construction and property sector, as well as tourism in future.
But without government funding support, it would be a tall order to push through the project which itself may not be feasible. So it will remain a pipe dream for many years to come
Fool me once is bad enough. Fool me twice? Forget about it. Whosoever approve HSR to connect Jurong East to Bandar Malaysia will not get my vote in next election for sure. Money is not easy to earn, especially those Malaysians have to sweat, tear and with their lives to earn the bloody Sing dollar.
It is natural for YTLPower to run up first as it reported strong earnings rebound and more to come. YTL Corp will follow soon after MCement catches up with explosive earnings growth in this quarter and next.
YTL Corp construction order book is boosted by the huge green data centre jobs secured by YTL Power, total 248MW so far or about RM7.5 billion worth of construction work to YTL.
HSR is the wild card as it would boost YTL construction order book by many folds even if it secured just the southern portion of the KL-Singapore stretch.
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....
garychee8
263 posts
Posted by garychee8 > 3 weeks ago | Report Abuse
Got in at 0.56 yesterday