Time to shift from overvalued & overstretched to undervalued & ready to catch up: SOLD a little more YTL @ $2.42 & added to Naim @ 80.5c
SOLD a little more @ 2.36-2.37...Good timing with the switch, as Naim is now +5% with Dayang up 8% & the former's stake in the latter up to $1.12 per shr...both were about the same price this time last year & it's time for them to narrow the gap via one dropping & the other rising!
Today mkt closed but the other mkt for YTL is open & it's flat @ ¥72. However, my Nomura shares, bought in 2018, surge to their highest since 2013 on reporting a 28% rise in profit overnight!!!🤗💹💰
Out of curiosity. Why people repost past items or news on YTL {without knowing the whole story} the acquisition of Tuaspring power plant by YTL Seraya was done way back in May 2022. YTLP paid SGD $270 million for the power station in cash { whereas the original price consideration was SGD 332 million} by a combination of shares & cash consideration. Hyflux financial position was untenable { PUB } Tuaspring station was taken over by PUB Singapore. Hyflux filed for bankruptcy in 2018 and Maybank. Singapore appointed insolvency firm to take over Hyllux assets. Oliver Lum { chairman of Hyflux} was charged with corporate breaches. YTLP acquisition of Tuaspring power plant added its combined power capacity to 2,402 MW { making YTLP the second largest power producer in the island state} the fall of Oliver Lum was the talk of the town. Hyflux recycled treated water was highly touted and acclaimed as a local home ground international brand. YTLP by paying 100% in cash to acquired the plant make a savings of SGD 62 million. A corporate masterstroke when you have the financial strength & cloub
YTL raised from 60c to $2.34 in the past 1 year. It is 400% gain. People tends to eye sore for the super performance because of miss out the great profit. However, we proud of YTL performance for
Congrats Dompeilee Btw how would u get into Jp stock And how would keep track on the company performance and charting?
www.jpx.co.jp ; www.kaijinet.com. Google translate obviates the need to know Japanese though I'm learning that complicated language as fast as I can...Nikkei may look very lofty BUT there are still a tremendous no. of Buffett/Graham-type companies & if you do the burrowing with enough diligence, you can ferret them out!
Potential inclusion into the MSCI index: The next MSCI rebalance will be announced on 13 Feb. Macquarie’s Index Strategist sees YTL Corp and YTL Power as potential additions to the MSCI Global Standard Index.
Yes. Certain people used Hyflux collapse as comparison with YTLP which is totally unrelated. Planterman give a good explanation and how YTLP benefited from the Hyflux power plant
Such a joyous, exciting day!!! Not only my bearish engulfing candlestick prediction on YTL proved accurate, but I took a bold gamble & finally, finally bought Panasonic of Japan @ ¥1,388 on the day it was due to report results after the close, a highly risky maneuver in case a shock loss was to be announced...
{Panasonic Holdings < 6752 > [TSE P] announced its financial results (International Financial Reporting Standards = IFRS) after the market close on February 2nd (15:30). Consolidated final profit for the cumulative third quarter of the fiscal year ending March 2024 (April-December) rapidly expanded to 399.1 billion yen, 2.5 times compared to the same period of the previous year, and the progress rate against the full-year plan of 460 billion yen reached 86.8%. This also exceeded the annual average of 71.4%.} 🤗
Almost, though not quite as SHIOK as sitting on a still substantial +131% gain on my remaining lots of YTL!😉
Royalty-linked stocks jump on HSR bid report KUALA LUMPUR: Berjaya Land, IJM and MRCB shares on Bursa Malaysia went up in early session today on an announcement of a consortium with KTMB https://www.thestar.com.my/business/business-news/2024/01/29/berjaya-land-mrcb-ijm-shares-up-on-kl-singapore-hsr-bidding-exercise SO if YTL is awarded the HSR project (or part of it), is it good or bad? I think as shareholders, we should analyse it in advance of any announcement. (Hopefully Dragon et al can share their opinion on this) Quite a number of the economists and analysts are against the HSR and they have their reasons.
Timeline - The proposed HSR line is 350 km long and is expected to reduce travel time between Kuala Lumpur and Singapore to 90 minutes. It would start from Bandar Malaysia in Kuala Lumpur and connect to other cities such as Malacca and Seremban along the west coast en route to Jurong East in Singapore Late 1990s - A high-speed rail link between Kuala Lumpur and Singapore was proposed in the late 1990s but due to high costs, the proposal was shelved 2006 - YTL Corporation, operator of the Express Rail Link revived the proposal, with a projected speed of 250 km/h (155 mph). This was expected to trim travel time between the two cities to 99 minutes 2008 - the Malaysian government halted the project citing high-costs of over RM8 billion September 2010 - It was first proposed by then Malaysian Prime Minister Najib Razak . 19 February 2013 - The Prime Ministers of Malaysia and Singapore agreed to proceed with the HSR project, proposal would be finalised by end of 2014 with a targeted completion date of 2020 6 February 2015 - Singapore had announced Jurong East as the final location for the high-speed rail terminus 2015 - the Malaysian government established MyHSR Corp to facilitate developing and implementing high-speed rail projects 19 July 2016 - Singapore and Malaysia signed a Memorandum of Understanding Details including a 25-metre-high bridge link near the Malaysia–Singapore Second Link The Government of Singapore required Raffles Country Club to vacate its plot as the site offers the "most suitable location" to run the HSR tracks after the bridge crossing and to place the tunnel portal leading to the tunnels that would take the HSR to the Jurong East terminus 17 October 2017 - the Prime Minister of Malaysia Najib Razak announced that the land acquisition process has begun in Malaysia for the project and also the station designs 5 April 2018 - MyHSR Corp announced the results of the selection process for the design and construction for the Malaysian portion of the project: A consortium of Malaysian Resources and Gamuda would build the northern part, A consortium of Syarikat Pembenaan Yeoh Tiong Lay and TH Properties the southern part. The tender process for the Singapore tunnel sections was started in April 2018 with the start of construction expected in 2019 May 2018 - Mahathir confirmed that Malaysia would scrap the project, citing its high construction costs 5 September 2018 - postpone until end-May 2020 31 May - Singapore had agreed to the suspension until 31 December 2020 1 January 2021 - the prime ministers of Malaysia and Singapore announced to terminate the HSR project At the point of termination, Singapore had incurred a cost of at least S$270 million. 29 March 2021 - Malaysia compensated Singapore S$102.8 million (US$75.36 million), with the settlement representing the complete termination of the project and bilateral agreement Following Pakatan Harapan chairman Anwar Ibrahim's appointment as prime minister of Malaysia after the 2022 general elections, Singaporeans have again reportedly called for the Anwar administration to revive the project 11 July 2023 - MyHSR Corp called for proposals from the private sector and firms to be submitted for the development of the HSR project. The project was expected to cost 100 billion ringgit ($21 billion) 15 January 2024 - MyHSR Corp received seven proposals from private bidding groups. Bid selection and further negotiations with the Singapore government were expected to be undertaken in the second half of 2024 Source - Wikipedia
Let’s discuss Cost consideration 2006 - YTL Corporation … speed of 250 km/h (155 mph) … travel time 99 minutes 2008 - the Malaysian government halted the project citing high-costs of over *RM8 billion* In retrospect, why did the Govt disallow it when it was only RM8 billion? Subsequently estimate cost went up tom RM72 billion (US$17.4 billion) In 2023 July - MyHSR Corp says the project was expected to cost RM100 billion ($21 billion) That means (RM100b - RM8b = RM92b) div by RM8b, div by 15 years = 76% It means the cost inflated a whopping 76% every year for 15 years since the govt halted it in 2008. When the average inflation rate was 3.57% per year”
“A 2019 World Bank report on HSRs in China stated that the construction cost in that country was on average between US$17 million and US$21 million per km. Based on an exchange rate of RM4.50 to the US dollar, the maximum cost of the KL-Singapore HSR should be about RM33 billion” “The 142km Jakarta-Bandung HSR construction ended in 2023 after many delays with a total cost of US$7.4 billion. That works out to about RM235 million per km.” Taking Jakarta-Bandung HSR figures including cost overrun, our HSR should work out to RM82b Spain has most extensive high-speed rail network in Europe (9 Nov 2023) Spain builds high-speed trains at an average cost per kilometer of €17.7m So €17.7m x 5.13 x 350 = RM31b
Why are our prices so inflated? On 17 October 2017, the Prime Minister of Malaysia Najib Razak announced that the land acquisition process has begun in Malaysia for the project and also the station designs. So at least from 2017, all commercial development on lands earmarked for the HSR has already been frozen, ie they will not get any DO (development order) On raw materials, you can check the price of steel rebar over the years, same with cement when our MCement was making a loss the past several years due to a slump in cement price, so much so that Lafarge throw in the towel.
On the HSR alignment, you can check https://www.myhsr.com.my/kl-sg-hsr/project-overview which almost the most as that in concept stage. Putrajaya extends ERL concession period by 30 years after seven-year negotiations, says Loke _ CEO Morning Brief https://theedgemalaysia.com/node/698324 This of course is the Express rail connecting the airport KLIA to KL Sentral. If you look carefully it passes near Bandar Malaysia before going to KL Sentral I believe YTL may be planning to use some of the ERL tract for the elevated HSR to cut land cost. So that explains why after seven years of negotiations, the govt suddenly agree to extend ERL concession with YTL by 30 years. Sultan Ibrahim mahu HSR dihidupkan semula, lalu Forest City https://www.malaysiakini.com/news/689549 Forest City of Country Garden may be reserve land to create space for KL-Singapore HSR If you look at the map carefully, the HSR alignment near S’pore may deviate slightly to the left instead of along the second-link. If free land is provided especially if BLand gets the southern portion of the HSR project (reversal from previously) then the cost can come down further. Also Spore may or may not use the Jurong Country Club and Raffles Country Club land, as S’pore has already been compensated.
“The Kuala Lumpur to Singapore Changi route emerged as the busiest international airline route, accommodating 4.9 million seats, according to OAG's annual assessment of the world's busiest flight routes between January and December 2023” On average, there are about six million people flying between Kuala Lumpur and Singapore annually. Building HSR is so expensive that even the heaviest routes in the world are loss making (if you go by fare x number) China has built and put into operation more high-speed connections than the rest of the world over the last 15 years with 25,000km of dedicated HSR lines across the country. But they are all heavily subsidized by the govt. So you can say ?no where in the world are rail projects such as HSR “fully private-sector-funded project” I believe “fully private-sector-funded” was a political gimmick! In theStar Wednesday,12 Jul 2023 PUTRAJAYA: A Request For Information (RFI) exercise is being carried out to check the feasibility of implementing a public-private partnership (PPP) model for the Kuala Lumpur-Singapore High-Speed Rail (KL-S'pore HSR) project, says Anthony Loke. Hence it should be PPP and not “fully private-sector-funded” right?
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CNY take cash ang pow lo...