Posted by smartly > 2014-02-06 09:56 | Report Abuse

not won yet but high chance they will get it as expected.

Posted by leek > 2014-02-06 10:03 | Report Abuse

Please sell the shares.... finding it difficult to catch the share again...

Posted by cgtan2020 > 2014-02-06 10:38 | Report Abuse

Power (Neutral): 1MDB set to win bid for power project. 1Malaysia Development (1MDB) has displaced rival YTL Power International as the front runner in the tender for the 2,000MW coalfired power plant known as Project 3B. According to industry sources, the board of the Energy Commission (EC) has decided to propose 1MDB as the preferred bidder for the RM11bn planting-up exercise to the Ministry of Energy, Green Technology and Water. The final decision still rests with the Cabinet. If the tender is awarded to 1MDB, it will be the catalyst that it needs to list RM10.8bn worth of power generation assets. (Financial Daily)

Posted by cgtan2020 > 2014-02-06 10:38 | Report Abuse

Let see how the Cabinet will decide next Wednesday.

Posted by smartly > 2014-02-06 10:43 | Report Abuse

they will get it, after that will go for listing to raise fund.

Posted by iafx > 2014-02-06 10:46 | Report Abuse

yupe, 1mdb needs new asset to go listing, fat cat ytl will need miracle to win this. let's c.

Posted by smartly > 2014-02-06 10:49 | Report Abuse

hope ytlp can cancel all treasury shares after 3B setlled and resume sbb aggressively.

Posted by hng33 > 2014-02-06 10:50 | Report Abuse

Still uncertain yet,

First round, EC technical evaluation committee favor YTLP (professional team), Second round EC board favor 1MDB (board member are political nominee) and now Final round battle will scale up to cabinet level (real political fight)

http://www.theedgemalaysia.com/business-news/273994-1mdb-set-to-win-bid-for-power-project.html

Posted by cgtan2020 > 2014-02-06 10:58 | Report Abuse

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) has displaced rivals
YTL Power International Bhd as the front runner in the tender for the 2,000MW
coal-fired power plant known as Project 3B.
According to industry sources, the board of the Energy Commission (EC) has
decided to propose 1MDB as the preferred bidder for the RM11 billion
planting-up exercise to the Ministry of Energy, Green Technology and Water.
The final decision still rests with the Cabinet.
If the tender is awarded to 1MDB, it will be the catalyst that the
government-owned entity needs to list RM10.8 billion worth of power
generation assets it has acquired over the past few years.
The decision, however, is contrary to the recommendations of the EC’s own
technical evaluation committee and has come under scrutiny from both local
and international power players. After all, the EC has been bandying around
the transparency and fairness of its open tenders for planting-up projects.
The Edge reported earlier, citing documents sighted, that the EC’s technical
evaluation committee had recommended YTL Power as the preferred bidder for
the tender in December last year. Based on the documents, YTL Power had
put in the lowest adjusted tariff of 25.23 sen per kW hour compared with
1MDB’s adjusted bid of 25.65 sen. The 0.42 sen difference is estimated to be
worth around RM2 billion over the 25-year concession.
It was widely expected that the Cabinet would decide on the award of the
project at its meeting yesterday but according to sources, the EC’s proposal
was not tabled.
According to sources, part of the board’s rationale for selecting 1MDB over YTL Power had to do with YTL Power’s equipment supplier
from South Korea, Doosan, which allegedly does not meet the necessary requirements. However, based on the report by the technical
evaluation committee to the board, all concerns about Doosan’s capability to undertake the project have been dismissed.
The location of the proposed plant is another reason the EC’s board is favouring 1MDB. 1MDB’s proposed site is in Jimah, Negeri
Sembilan, next to the existing 1,400MW coal-fired Jimah Power station that it is acquiring from the Negeri Sembilan royal family. 1MDB’s
injection point is at Olak Lempit, Selangor, which is much closer to the primary load centre in the Klang Valley.
In comparison, YTL Power’s proposed site in Tanjung Tohor, Johor will use the Yong Peng East, Johor as its injection point (a point of
connection where electricity flows into the national grid from generation plant). Since Yong Peng is further from the load centre, there
should be higher transmission losses in the form of energy lost through heat over the distance.
However, some industry players claim it is unlikely that transmission losses alone will be able to justify the 0.43 sen difference in tariff.
They estimate 2% to 3% difference in transmission loss for a 500kv line and about 5% loss for a 275kv line.
On top of that, it was the EC which originally named the five nodal points for bidders to use in their proposals as injection points. Once the
power reaches the injection point, managing transmission losses will be the responsibility of Tenaga Nasional Bhd.
“The tender was to offer a tariff as at the injection point. After that, it is Tenaga’s responsibility. Why would the EC name a nodal point for
bidders to use when it is less than ideal?” asked one industry player.

At a time when electricity tariffs are on the rise, the public will be watching the tender closely. A decision could be made as soon as next
Wednesday when the Cabinet meets again.

This article first appeared in The Edge Financial Daily, on February 06, 2014.

Posted by hng33 > 2014-02-06 11:06 | Report Abuse

In the cabinet, there will be fight between DPM (former MB johor, task by Sultan to fight against vs. PM.....

Some may argue 1MDB is state own, therefore should in favor, but 1MDB operation is not transparent, its brainchild of PM and chair by him alone. A lot of power asset acquire are nearly expire or half way of their concession. 1MDB is debt laden with cash flow from concession barely meet interest expense and therefore in urgency to raise fund from IPO.

I think even in the end, 1MDB really win 3B project, there will be some under table deal, in which YTLP existing going expire power asset may either sell to 1MDB to totally pull out of Malaysia power sector or grant another 10 year extension.

Posted by iafx > 2014-02-06 11:13 | Report Abuse

photocopy of DTTB

Posted by leek > 2014-02-06 11:30 | Report Abuse

Good... start selling

Posted by hng33 > 2014-02-06 11:33 | Report Abuse

sbb continue support at 1.87

Posted by smartly > 2014-02-06 11:38 | Report Abuse

sbb 1.87.

Posted by leek > 2014-02-06 11:50 | Report Abuse

Ytl bullish

Posted by smartly > 2014-02-06 12:07 | Report Abuse

2-3sen only bullish ?

Posted by leek > 2014-02-06 12:42 | Report Abuse

Good price to buy... not bullish?

Posted by smartly > 2014-02-06 15:15 | Report Abuse

ytl at 1.55. :)

Posted by smartly > 2014-02-06 15:15 | Report Abuse

can closed 1.60 ?

Posted by leek > 2014-02-06 15:36 | Report Abuse

Bought at 1.52.... avg cost 1.54 now...

Posted by leek > 2014-02-06 15:38 | Report Abuse

Best strategy for blue chip like ytl.... with lots of cash in hand... just avg your cost... if you can get funding.... in due time, it can give you 50% to150% return....

Posted by smartly > 2014-02-06 16:00 | Report Abuse

no sbb already....

Posted by smartly > 2014-02-06 16:01 | Report Abuse

if con closed 1.87 consider good already.

Posted by hng33 > 2014-02-06 16:04 | Report Abuse

sbb back again, engulfing at 1.87

Posted by smartly > 2014-02-06 16:05 | Report Abuse

thought sbb mia. :p

Posted by smartly > 2014-02-06 16:15 | Report Abuse

ytl not bad.

Posted by smartly > 2014-02-06 16:16 | Report Abuse

good 2nd q result coming out ?

Posted by smartly > 2014-02-06 16:17 | Report Abuse

and couple with higher dividend ?

Posted by smartly > 2014-02-06 16:21 | Report Abuse

dividend in spicies ?

Posted by smartly > 2014-02-06 16:21 | Report Abuse

giving out ytlp as shares div ?

Posted by leek > 2014-02-06 16:27 | Report Abuse

Every 10 ytl share get 1 ytlp.... huatt lai liao

Posted by smartly > 2014-02-06 16:31 | Report Abuse

potentially ytl also on sbb. :)

Posted by smartly > 2014-02-06 16:32 | Report Abuse

or epf buy back.

Posted by smartly > 2014-02-06 16:52 | Report Abuse

ytl closed 1.58. not bad at all.

Posted by leek > 2014-02-06 16:52 | Report Abuse

If you think ytlp is cheap.... ytl is much cheaper in term or share price.... ytlp is attractive because of its son wb...

Posted by leek > 2014-02-06 16:53 | Report Abuse

*of

Posted by cgtan2020 > 2014-02-06 17:19 | Report Abuse

leek explain a bit on why because of its son WB?

Posted by hng33 > 2014-02-06 17:28 | Report Abuse

Bought-back 2.5m share, 63% of today total volume, range 1.86-1.87, increase 0.04% stake, cumulatively at 9.43% in treasury.


Remark: YTLP seem self limit to buyback maximum 2.5m share now.

Posted by smartly > 2014-02-06 17:42 | Report Abuse

if so, how long more to last ?

0.04% = 2.5m

10% - 9.43% = 0.57%

0.57% / 0.04% = 14 days to go to reach 10% ?

Posted by smartly > 2014-02-06 17:43 | Report Abuse

14 days = 26/2/2014 will probably fill up 10%.

Posted by cgtan2020 > 2014-02-06 18:07 | Report Abuse

Gam gam for Quarterly report

Posted by gark > 2014-02-06 18:48 | Report Abuse

likely limit buyback until Q report....

Posted by hng33 > 2014-02-06 18:52 | Report Abuse

Exactly.....Q2 result by end of these month. If result above expectation, share price will soar and share price will re-rate by analyst without need for sbb. On the other hand, if Q2 is underperformed, these 10% treasury stock will need to cancel and immediately restart buyback another 10% again.

Posted by hng33 > 2014-02-06 19:00 | Report Abuse

YTLP treasury stake: 9.43% (677.017m share)
EPF stake: 6.35% (412.823m share)

The above % somehow don't tally. EPF stake should be 5.75% instead of reported 6.35% based on its remaining volume 412.823m share.

Posted by Peter5151 > 2014-02-06 19:02 | Report Abuse

Beware of bias confirmation. ...

Posted by leek > 2014-02-07 01:48 | Report Abuse

Cgtan2020
it depends your TP of ytlp.... if your ytlp tp is 2.21.... the son will worth 1.00 eventually... I always invest based on percentage growth in share price...
But be realistic about your own personal target... it can go up and it can also go down...

Posted by leek > 2014-02-07 01:51 | Report Abuse

YTL should worth about 2.50 to 3.00 if compare to the ftse30 stocks.... it cannot go up because francis yeoh doesn't like the share price being goreng.... share price control.... but occasionally he allows goreng... so just wait...

Posted by hng33 > 2014-02-07 09:23 | Report Abuse

leek

The last time YTLP trade at RM 1.00 was on 18-7-2011, at that time its mum, YTLP trade at RM 2.14. From that date onward, YTLP price started downtrend after it start recognize loss of its newly venture Yes broadband about 2.5year ago

Posted by hng33 > 2014-02-07 09:29 | Report Abuse

smartly

If YTLP self impose maximum buyback 2.5m/day, share price will largely depend on seller. If seller can hold on their selling, sbb if still wanna to fill up 2.5m buyback share, it must bid higher price. In contrast, if seller too motivated, keep on selling volume beyond quota, then selling pressure may unable fully absorb by sbb, share price may trade sideway or downward.

Posted by smartly > 2014-02-07 09:29 | Report Abuse

hope for a good q result, then price will go up.