Hello and congratulations to all believers in YTL companies! I am thrilled to join in this celebration. A big thank you to Dragon328 for leading me to this ongoing success.
The new supplementary concession agreement will enable ERL, which operates KLIA Ekspres and KLIA Transit, to implement a ‘market-driven’ fare structure.
Ameer Fakhri - 23 Jan 2024, 12:45pm
KUALA LUMPUR: Express Rail Link Sdn Bhd’s (ERL) concession agreement for train services to KLIA has been extended by another 30 years to 2059.
The new supplementary concession agreement will also enable ERL, which operates the KLIA Transit and KLIA Ekspres rail services from KL Sentral to KLIA, to implement a “market-driven” fare structure.
“Market-driven fare will free the government from the financial obligations of having to compensate ERL,” transport minister Loke Siew Fook said during a press conference here.
In a statement, ERL said the government would stop paying it fees or charges from the collection of passenger service charges (PSC) starting from 2029.
Apart from fare charges, ERL currently receives a percentage of the PSC charged for outbound international (RM5) and domestic passengers (RM1).
PSC collected from passengers at Kuala Lumpur International Airport terminals 1 and 2 are shared between MAHB and the government based on a formula. ERL gets a share of the portion the government receives.
In 2016, the government set the ceiling price at RM64. ERL has kept its fares at RM55 per trip since then.
“Under the new agreement, the government is also entitled to a 30% share of ERL’s profit, should a threshold be met,” Loke said.
The specified threshold is a 10% stakeholder internal rate of return (IRR) for the ERL.
IRR is a financial metric used to assess the profitability of an investment.
“We hope this new consensus will motivate ERL to continue its top service,” Loke said.
looking at 3.00 YTL and 4.50 for YTLP previously { this is before HLIB new price call of YTLP at 5.15 issued today. } more positive news coming. Look at the sustain buying interest
In order to avoid cracking head for ytl and YTL power... So, the conclusion are have both stocks. So, you are happily shouting up up up when people in the nervous to decide which stock to have:)
What is going on with YTL? Why are they still in league with NVDIA, which is building a supercomputer for Israel. Does the Malaysian govt, especially KWAP & KWSP, realise this, that Malaysian public funds are invested in a company that has almost direct ties to Israel?
@AITugauw stance is 1 thing, developing the country and making money is another. u wont want to lose this opportunity to surpass indonesia or singapore in high value industry.
Ytlpower stood at previous high $3.91 which is great closing. It still trying to cross over this important barrier.... Keep it up... If tmr successful crossing over will be autopilot to $5.15 lo..
Double Top formed on several timeframes, do trade with caution 2.42 is a solid wall full of sellers unloading. 2.42 was rejected several times. Need news to push decisively over 2.42.
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pang72
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Posted by pang72 > 2024-01-24 09:03 | Report Abuse
Wow! Great news..