Posted by rlch > 2014-05-24 11:39 | Report Abuse

YTL Power seeks arbitration against Petronas
http://www.thestar.com.my/Business/Business-News/2014/05/24/YTL-Power-seeks-arbitration-against-Petronas/

Posted by yloon > 2014-05-26 02:12 | Report Abuse

leek, how is our plan? keep buying? scary man...

Posted by Andre Kua > 2014-05-26 09:51 | Report Abuse

smartly, right now those WB cant enjoy the dividend etc.

But all will get converted to mothershare when times come. It will definitely impact future earnings.

Posted by leek > 2014-05-26 11:20 | Report Abuse

Will buy at 0.50/0.505 to average down the cost. As long as ytlp still have 10b cash in pocket, it's just the timing issue...

Posted by smartly > 2014-05-26 11:31 | Report Abuse

Andre Kua,

aiyo, u know wb still got long way to expiry or not. where is the dilution gonna come in so fast and affecting the earnings ?
with such a high premium, u think those wb fellow will make conversion ? only those ignorance/novice will convert. if it lapsed with high premium, no one will get convert as well. your logic does not make sense.

Posted by smartly > 2014-05-26 11:38 | Report Abuse

probably leek will convert wb... :p LOL.

Posted by leek > 2014-05-26 14:03 | Report Abuse

I might panic if YTL price is low.... because it might privatise 1:1.... as long as YTL price is higher than ytlp... I will continue to collect ytlp-wb...

Posted by yloon > 2014-05-27 07:51 | Report Abuse

leek, if your assumption is right, when come to privatizing, they will keep pressing down YTLP price or push up YTL further. they won't give 1:1 i believe, but they will most probably convert by giving same value or slightly more to the shareholder. The only way not to give so much money out, is keep YTLP as low as possible, and YTL as high as possible, isn't it?
if we keep collecting YTLP, there might be a risk too ler... what if they want the YTLP-WB cease, they can just put YTLP back to 1.30 or price very low to 1.14 (the conversion price)

Posted by rlch > 2014-05-27 11:50 | Report Abuse

Sell YTL and buy more YTL Power.

Posted by leek > 2014-05-27 15:36 | Report Abuse

Net asset value per share is 1.47.... try privatise below this price... ytl will lose his relatives and their loyal shareholders... again.... please sell if you don't agree with me... I find it very difficult to collect ytlp-wb at 0.50...

Posted by cgtan2020 > 2014-05-28 09:16 | Report Abuse

http://www.nst.com.my/business/todayspaper/direct-negotiations-for-new-power-award-1.606448

Posted by cgtan2020 > 2014-05-28 09:16 | Report Abuse

Direct negotiations for new power award?
By ZAIDI ISHAM ISMAIL | xydee@mediaprima.com.my


1,400MW JOHOR PLANT: Talk is rife that YTL Power-led consortium will get project

THE Energy Commission is expected to award either the Track 4A or 4B power plant projects via direct negotiations and not through competitive bidding, as has been the practice since 2012.

An industry source said speculation is rife that a consortium led by YTL Power International Bhd will bag the multi-billion ringgit project.

The source said the commission is expected to release a letter of award to a private company for the contract to build a 1,400 megawatt closed-cycle gas turbine power plant in Johor, to be completed in 2018.

"The commission has also told grid owner (Tenaga Nasional Bhd) to do whatever necessary to expedite the completion of the southern line 500-kilovolt link."

The yet-to-be completed southern link, which links Lenggeng in Negri Sembilan to Yong Peng in Johor, will provide the interconnection between the new power plant and the national grid.

"Although the commission was told officially last year that the southern link can be completed by December 2019, it now wants an earlier completion date."

Its officials could not be reached for comments.

Meanwhile, a source said the whole development is untenable as TNB definitely cannot sign the power purchase agreement while knowing that the southern link may not be completed before the new power plant starts generating electricity.

"If TNB were to do that, it would end up paying capacity payments for power that it couldn't evacuate."

Capacity payments are payments made by TNB to independent power producers for the extra power generated irregardless if it is used, or not, by consumers

The new development is in stark contrast with the commission's previous stance, which, in late October 2012, introduced a competitive and transparent tender system in commissioning new power plants in order to promote a more efficient energy sector.

Its chairman Datuk Abdul Razak Abdul Majid had said earlier this month that multi-billion ringgit power plant projects under Track 4A and 4B will be awarded via competitive bidding.

So far, the commission has awarded contracts to build Track 1, 2, 3A and 3B through such a bidding process.

Business Times last month reported that preparation works are in progress for the construction of Track 4A and 4B.

The construction, which will cost a combined RM8 billion to RM10 billion, was expected to start by the middle of next year.

Read more: Direct negotiations for new power award? - Today's Paper - New Straits Times http://www.nst.com.my/business/todayspaper/direct-negotiations-for-new-power-award-1.606448#ixzz32y7kR1Gy

Posted by cgtan2020 > 2014-05-28 09:19 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/05/28/TNB-unions-concerned-over-power-plants-being-awarded-on-directly-negotiated-basis/

Posted by cgtan2020 > 2014-05-28 09:20 | Report Abuse

TNB unions concerned over power plants being awarded on directly negotiated basis

by m. shanmugam AND yvonne tan






PETALING JAYA: The controversy surrounding the process of awarding a gas-fired power plant, supposedly to be located in Johor, on a direct negotiated basis has picked up in pace with unions of Tenaga Nasional Bhd joining in the fray to register their concerns on the matter.

Union officials had a meeting with Energy Commission (EC) chairman Datuk Abdul Razak Abdul Majid yesterday to express their views that the practice of awarding power plants should be continued on a competitive tender process to ensure efficient price discovery.

An official aligned to one of the three unions in TNB said their concern was that should the competitive tender exercise be discarded, it would result in a higher price for consumers.

“Consumers will complain of the higher price and the brunt will be felt by union members as the frontline officers dealing with consumers.

“If the additional cost is not passed on to consumers, TNB has to bear the cost and it will affect its employees,” the official argued.

Speculation is rife that the EC is in the process of awarding a new combined cycle gas turbine power plant with a capacity of 1,400MW to be based in Johor on a directly negotiated basis, going against the rationale of open bidding that has been adopted by the commission since 2011.

The plant in Johor is expected to be commissioned by 2018.

The unions had already voiced their concern over the awarding of power plants on a directly negotiated basis during the visit by Prime Minister Datuk Seri Najib Tun Razak to TNB on May 16.

Chairman Abdul Razak was reported to have said that there had not been any change in the EC’s position of adopting a competitive tender in the awards of power plant.

The urgency for a power plant in Johor came about following a blackout in some southern states two weeks ago due to a trip in a power plant in Manjung. There were reports that the blackout prompted the Government to consider fast-tracking the awarding of contracts to build new power plants.

Towards this end, there have been suggestions that the practice of adopting competitive tenders to award power plant contracts be replaced with directly negotiated contracts with interested parties to expediate the process.

But this has raised concerns that it would result in inefficient pricing and that TNB would be saddled with too much capacity.

Power sector sources said that in relation to the location of a new power plant in Johor, TNB needed to build a 500kV tranmission line from Yong Peng to Lenggeng in Negri Sembilan to ensure a stable transmission system.

This is expected to cost at least RM1bil and the line would only be completed by 2019.

“If the plant were to come up before the line, TNB would be holding excess capacity and cost would be reflected on its balance sheet,” the source said.

Only in 2011 was the awarding of power plants based on a competitive basis. The EC was given the mandate to handle the awards based on a competitive process. Prior to that, the awarding of power plants was on a directly negotiated basis and handled by the Economic Planning Unit.

As at press-time, the EC did not respond to StarBiz queries.

Posted by cgtan2020 > 2014-05-28 09:43 | Report Abuse

http://www.theedgemalaysia.com/business-news/291615-strategy-ioi-properties-likely-to-be-excluded-from-fbm-klci-in-june-review-says-rhb-research-.html

Posted by cgtan2020 > 2014-05-28 09:44 | Report Abuse

Strategy IOI Properties likely to be excluded from FBM KLCI in June review, says RHB Research
Business & Markets 2014
Written by Surin Murugiah of theedgemalaysia.com
Wednesday, 28 May 2014 08:35


KUALA LUMPUR (May 28): IOI Properties Group Bhd is likely to be excluded from the FBM KLCI during the semi-annual review of the FBM Index Series that would will be announced on 5 June and changes to the index components will take effect on 23 June, according to RHB Research.

In a strategy note Wednesday, the research house said the replacement candidates included KLCC Stapled Group (Neutral, FV: RM6.96), YTL Power (Neutral, FV: RM1.71) and Bumi Armada (Buy, FV: RM4.54).

RHB Research said IOI Properties was ranked 43rd on the Top 50 stocks list by full market capitalisation.

It said that based on the FBM Index Series ground rules, a security will be removed if its market cap ranking drops to 36th or below, while a security will be inserted into the FBM KLCI at the periodic review if its ranking by full market cap rises to 25th or above.

“There are no non-component stocks ranked 25th or higher.

“Accordingly, we expect IOI Properties to drop out of the index component list,” said the research house.

RHB Research said the stock was only separately included into the FBM KLCI following the company’s demerger from IOI Corporation in January.

It said there were no other component stocks whose market cap ranking was 36th or lower.

The second smallest component stock is UMW Holdings at no. 30, it said.

“While the highest ranked non-component stock is Nestle, it is unlikely to make the cut due to liquidity concerns.

“The next three highest ranked stocks are KLCC Stapled Group, YTL Power and Bumi Armada – all of which are on the Reserve List with an investability weight of 25%, 45% and 46% respectively,” said RHB Research.

Posted by smartly > 2014-05-28 09:44 | Report Abuse

ytlp is now being compensated with 4A or 4B project due to earlier bidding flaw ?

a good news to ytlp anyhow.

Posted by smartly > 2014-05-28 09:45 | Report Abuse

sapu.....

Posted by smartly > 2014-05-28 10:32 | Report Abuse

once projects announced. will fly high. :)

Posted by leek > 2014-05-28 10:45 | Report Abuse

Pls sell... want to collect ytlp-wb at 0.50.... sell please....

Posted by smartly > 2014-05-28 10:49 | Report Abuse

buy now else it will be too late. :p

Posted by leek > 2014-05-28 11:18 | Report Abuse

This stock is hopeless.... sell... :p

Posted by leek > 2014-05-28 11:51 | Report Abuse

Hehe

Posted by armadasaxon > 2014-05-28 12:23 | Report Abuse

they will not win any project 1 la..if win.early early win oredi la

Posted by leek > 2014-05-28 12:34 | Report Abuse

Yalo... please sell

Posted by Peter5151 > 2014-05-28 13:10 | Report Abuse

maybe can wait for a while, the same capital will be buying more share.

Posted by kmchua888 > 2014-05-28 14:07 | Report Abuse

accumulate more at RM1.53

Posted by smartly > 2014-05-28 14:26 | Report Abuse

1. sbb
2. 4A/4B projects
3. privatization

anyone of above will do.

Posted by anzhen > 2014-05-28 14:52 | Report Abuse

http://www.nst.com.my/business/todayspaper/direct-negotiations-for-new-power-award-1.606448

Posted by leek > 2014-05-28 15:58 | Report Abuse

See... drop already.... faster sell lo

Posted by Andre Kua > 2014-05-28 16:03 | Report Abuse

Hmm, still dropping. I wonder if will drop below 1.50 this week.

Posted by leek > 2014-05-28 16:04 | Report Abuse

Will drop below 1.10.... faster sell

Posted by steveooikp > 2014-05-28 16:52 | Report Abuse

below 1.50 can buy.... ytlp .... shd be okay

Posted by armadasaxon > 2014-05-28 17:40 | Report Abuse

smartly ytlpowa privatize news from 2010 until now la..summore post in news paper...dun dream la..privatise or high chance to get 4a,4b, the price still lidat meh..aiyo

1.47 then u buy..lol

Posted by smartly > 2014-05-28 18:00 | Report Abuse

is like that one, good things need time. :p

if you don't like it, like leek always said, pls sell !!!

he is waiting at 0.50sen.
pls sell.....

Posted by rlch > 2014-05-28 19:02 | Report Abuse

Why drop in YTL Power does not affect YTL who own about 58% stake? Can YTL Power replace IOIPG as last index-linked stock in next semi-annual review. PE wise YTL Power is lower than KLCC and Bumi Armada hence more upside. If YTL Power is included chances of index breaking 1900 is higher.

Posted by Andre Kua > 2014-05-29 09:28 | Report Abuse

Up 5c early trade... can sustain or not.

Posted by cgtan2020 > 2014-05-29 09:39 | Report Abuse

SBB is back???

Posted by smartly > 2014-05-29 10:07 | Report Abuse

volume up so much. :)
hope it is sbb.

Posted by smartly > 2014-05-29 10:09 | Report Abuse

if sbb is back, must go sapu wb kaw kaw.. :p

Posted by hng33 > 2014-05-29 10:28 | Report Abuse

YTLP share response to today news...

EC has decided to award power plant on direct negotiation basis

It is speculate that consortium led by YTL Power International Bhd will bag these multi-billion ringgit project, a 1,400 megawatt closed-cycle gas turbine power plant in Johor, to be completed in 2018.

Posted by leek > 2014-05-29 10:41 | Report Abuse

Great.... faster sell

Posted by kcpung > 2014-05-29 10:41 | Report Abuse

SBB IS matter of time since approved at last AGM buy b4 sbb sell when sbb quota almost full

Posted by smartly > 2014-05-29 11:13 | Report Abuse

they need to save bullet for 4A/4B projects, probably no sbb. :p

Posted by Peter5151 > 2014-05-29 13:21 | Report Abuse

Unless 1MDB no longer in business... 4A/4B/4??? all will go to 1MDB.

Posted by hng33 > 2014-05-29 14:10 | Report Abuse

1MDB is debt laden.... have no more financial power even it wan more power assets, drag further IPO due to need to refinance its huge debt burden. 1MDB Jimah power plant is one of the culprit that cause blackout power recently, its broiler under unscheduled service, causing interruption in power supply

Posted by leek > 2014-05-29 14:15 | Report Abuse

Lolz... faster sell lo...

Posted by Peter5151 > 2014-05-29 14:21 | Report Abuse

Correct!! Still 1MDB will be awarded the contract. Let See

Posted by armadasaxon > 2014-05-29 14:27 | Report Abuse

yes I also say 1mdb will be awarded..until everything die,oni yp will get ...losers

Posted by hng33 > 2014-05-29 14:41 | Report Abuse

To develop power plant, it need finance through 20:80 equity: debt for funding. Lets look back 1MDB financial problem, it have park its cash oversea, and cash flow from its existing assets not even enough to meet repayment debt, but only merely to cover interest cost. It need to keep refinance due debt from default. In addition, 1MDB asset is mostly form by revalue its landbank rather than real cash flow. Unless, 1MDB can list very soon, to raise fund, strengthen balance sheet, then, it will be difficult to secure finance to fund dual project concurrently 3B coal fire and upcoming 4A gas fire power