Stop talking about yourself...we all know you are an unevolved primate lol...other people call you 'blowhard' and 'LIAR' & I fully agree! We also know you love to delete your previous posts to hide your tracks, so no one will listen to one who lacks integrity like you HAH
I'm still holding to 1/3 of my original stake in YTL with the sales proceeds of the other 2/3 already switched to & earning a fat dividend + capital gain in Petron M'sia & there's NOTHING you or other haters can do about that hahaha...
On the domestic market, foreign investors were net sellers for every day of the past week, except for Monday when there was net buying seen in counters such as Maybank, RHB and YTL Corp.
Singapore to End 3,000% Power Price Spikes That Sank Companies
(Bloomberg) -- Singapore plans to more aggressively regulate electricity markets as price jumps intensify, again threatening to hurt the retailers that sell it to businesses and households.
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The Energy Market Authority will cap wholesale power prices from July 1 using a formula tied to natural gas and generation costs, it said in a document on its website. That comes after they jumped as much as 3,000% this year despite sharp drops in the cost of liquefied natural gas, the nation’s main fuel.
The regulator has been consulting with industry players and utilities on the best way to mitigate the jumps, which two years ago led to the bankruptcy of a slew of independent retailers. The volatility has also made utilities reluctant to invest in more generation capacity that would alleviate shortages, according to the EMA.
Last month, prices reached as high as S$3,594 ($2,685) a megawatt-hour in daily trading after a power plant at Jurong Island shut for a turbine upgrade amid unusually hot weather. Meanwhile, the cost of LNG has fallen 86% since March 2022.
Singapore intends to launch a request for project proposals in the second half of this year, and has said it may step in to build the capacity itself.
Today no magic show for YTL. Closed at 0.965, down 0.01. Don't know how many more sen it will go down. The RM1 dream did not materialise. Sad. Got to wait for the final week of August.
The EMA could try to regulate the wholesale electricity prices which shot up to over S$3,500/MWh during peak hours, but that would not affect Gencos' profits much as Gencos tend to hedge the electricity selling prices with their retailers, bypassing the volatility of the wholesale pool prices.
The Singapore government could try to build new power generation capacity on its own but it would go against the free market principle of liberalising the power market in the first place. If it built too much capacity, then it would crash the electricity prices and make Gencos losing profits or making losses then foreign investors in these Gencos would just leave the market as the rule of the game has changed, which might dent the image of Singapore government who would be the only generator in town.
Even if the EMA or Singapore government tries to build new capacity on their own, it would take at least 3.5 years for any new capacity to come online. This simply means the electricity supply in Singapore will remain very tight for next 3 years until 2H 2026 at the earliest.
Touch $1 with a token 100 shrs bought by unknown party. Already doubled from '22 low of 50c although none of us were able to get that $1 price...I preferred it when the thread was quiet & there were truckloads of shares available in the mid 50s.
ChloeTai to xiaochen, Dragon328, Dompeilee or Pang72. I don't know Mandarin. I use Google Translate to translate xiaochen's comments. What is "PS"? Will it affect the profit of YTL and YTLPOWER? I am worry.
xiaochen: It is as expected. When the power supply is very tight, the last 2% of the electricity bill is super super expensive.
The Singapore government really needs to make strategic adjustments to this situation. This mechanism is like the last 2% of air tickets of AirAsia Malaysia Airlines, which is extremely expensive.
It seems that the coming season will be the last quarterly report of PS showing huge profits. I believe that the mature Singaporean government should only start with the final super violent interest rate.
@ChloeTai, nothing to worry about. Pls see my comments above reproduced below:
The EMA could try to regulate the wholesale electricity prices which shot up to over S$3,500/MWh during peak hours, but that would not affect Gencos' profits much as Gencos tend to hedge the electricity selling prices with their retailers, bypassing the volatility of the wholesale pool prices.
The Singapore government could try to build new power generation capacity on its own but it would go against the free market principle of liberalising the power market in the first place. If it built too much capacity, then it would crash the electricity prices and make Gencos losing profits or making losses then foreign investors in these Gencos would just leave the market as the rule of the game has changed, which might dent the image of Singapore government who would be the only generator in town.
It is good to regulate the wholesale electricity market to a lower upper cap price, currently it is at S$5,000/MWh. Even if they cap the max price at S$1,000/MWh, it will not have impact to Gencos' profit, but it will have a small effect on the weighted average wholesale price which tends to be the headline price the media or households are complaining about.
On the other hand, when LNG prices have dropped so much, it helps to lower the overall electricity prices paid by businesses and households while Gencos can still enjoy decent margin.
Take an example, when crude oil prices were at US$120/bbl, the fuel portion of Singapore electricity pricing was around S$200/MWh. Added with a non-fuel margin of say S$40/MWh, the total electricity pricing paid by households was about S$200+40 = S$240/MWh.
Now when LNG prices have dropped by half to equivalent of US$60/bbl of crude oil, the fuel portion of the electricity price is about S$100/MWh. Even if Gencos load it up with a higher non-fuel margin of say S$80/MWh, the total electricity price paid by households is just S$180/MWh which is 33% lower than before. But Gencos enjoy a 100% higher profit.
From the above download, we notice Datuk Seri Anwar Ibrahim's important role in enhancing the development of the Malaysian share market so as to attract more investment funds both local and foreign.
Newbies like Alwinb & other neophytes who were nowhere to be found when YTL was truly worth buying last year will start to disappear as their faith is sorely tested & crumbles like sandcastles...
Market sentiment affected by Singapore Energy Market Authority will cap wholesale power prices from July 1 using a formula tied to natural gas and generation costs, may reduce YTLP profit margin forward.
Better focus on YTL for more diversified earning base with growing cement and Contruction, REITS as increasing earning driver forward while still retain exposure YTLP
For YTLP, The important upcoming formula is based on natural gas and generation costs, eliminate non fuel margin (which highly subject to market manipulate that causing extreme energy volatility now). YTLP current extreme high margin of 20% now may reduce to reasonable 12-15% forward.
YTL growth driver is from its wholly own subsidiary YTL cement (low input coal cost + local cement selling price hike)+ YTL construction (multi billion orderbook from data center/solar farm/warehouse/UK prop development + upcoming award MRT3 and incoming HSR)
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....
Alwinb
74 posts
Posted by Alwinb > 2023-06-18 08:54 | Report Abuse
Just focus on the stock not interested in gossips or your achievements