Posted by hng33 > 2013-08-22 15:02 | Report Abuse

Stock already bottom , rebound is expected

Posted by Peter5151 > 2013-08-22 15:18 | Report Abuse

Whether bottom or not? Remain to be seen. I guess the result will be out today.

Posted by Peter5151 > 2013-08-22 15:44 | Report Abuse

@hng33, your analysis is good. But we need to understand that the share price and the company performance totally 2 different things altogether. At least, so far this is we're seeing on the ytlp share prices. .

Posted by Peter5151 > 2013-08-22 15:56 | Report Abuse

If there is a share distribution, then it will help for the share price...

Posted by hng33 > 2013-08-22 17:23 | Report Abuse

Sold YTLP at 1.59, realize intraday gain

Posted by Peter5151 > 2013-08-22 17:25 | Report Abuse

Do you notice, there is last minute buy up with 7m @1.59. I hope its due to share distribution. ..

Posted by hng33 > 2013-08-22 18:03 | Report Abuse

YTLP is expect to announce Q4 result today,

Posted by hng33 > 2013-08-22 18:03 | Report Abuse

Peter5151

YTLP last minute buying volume is due to share buyback

Posted by TengTJ > 2013-08-22 18:04 | Report Abuse

Follow Hng today.Bought YTLP 1.56,sold 1.59

Posted by THW5594 > 2013-08-22 18:43 | Report Abuse

Given the QA should be releasing tomorrow (base on trend) and there is possibility of "reward" given such as share distribution (notice how the shares acquired under treasury is 3.33% indicating possibility of distribution of 1 share for every 30 held - 3.33% (non cash reward) / dividend (cash reward). Just my guess.

Posted by hng33 > 2013-08-22 19:30 | Report Abuse

YTLP final result release, EPS 4.27sen, annualized 14.8sen, PE at about 11x. Fairly value. Again YTLP still unable to turnaround its broadband division, making annual RM 260m loss...

Posted by ivankvs > 2013-08-22 19:38 | Report Abuse

Quick update 4Q13:
a) Revenue within my expectation
b) Net profit huge variance compare with my expectation due to:
- Mobile segment : WHAT THE HELL YTL POWER–YES is? Still suffer despite revenue increase. How are you wanna compete with other 4G player when full force LTE implement? Your technology using are max at 20Mps compared with Maxis – 75Mps. What is your comparative advantages?
- Singapore Power – net proceed exceed my target
c) Disappointed with no dividend payout
d) Holding RM9.5b cash- did not create much value to shareholder
e) NTA increased to RM 1.41

Posted by ivankvs > 2013-08-22 19:42 | Report Abuse

a) Mobile industry will spend more on CAPEX- including higher in advertisement cost- newspaper lately
b) Potentially allocate another RM2b to develop WIMAX at Sabah & Sarawak – pending for approval
c) Possible spend total RM7b (including RM4.5b so far) in this non-comparative advantage business.
d) Dato Yeoh : Where is the future for YES business? What is the return over risk in this business given YES license is up to 20Mpbs?

Posted by rlch > 2013-08-22 19:55 | Report Abuse

No dividend or share distribution announcement. Maybe want to collect treasury shares until 4% and announce 1 for 25 share distribution like in 2007.

Posted by johotin88 > 2013-08-22 23:04 | Report Abuse

They wil privatise it sooner or later. But dun expect very high offer price.

Posted by TengTJ > 2013-08-23 08:36 | Report Abuse

Loss of mobile division last 4 quarters

1Q2013-61Mil 2Q-77Mil 3Q-55Mil 4Q-76Mil

I don't think YES will breakeven for at least another 1-2 years

Posted by hng33 > 2013-08-23 09:26 | Report Abuse

YTLP in fact deliver much better result compared to last 3 quarter, the Q4 is stronger EPS, 4.26sen, largely due to its core contributor, Singapore Multi utilities division rebound back its profit margin + steady water and sewerage division. The disppointed division is broadband still unable to narrow loss due to huge capex to set up transmission tower throughout Msia + provision to impairment in receivable under IPPP.

Posted by hng33 > 2013-08-23 09:35 | Report Abuse

YTLP two major contributor earning are Singapore Multi utilities division and UK water and sewerage division, both combined contribute more than 90% of YTLP earning. The profit will be even higher if not partly offset by lose in broadband division and mitigate some by profit from locals IPP only. Next quarter should be even better, as it take into account currency strength of Pound and Sing dollar against RM.

Posted by hng33 > 2013-08-23 09:43 | Report Abuse

If compared to corresponding quarter, YTLP Q4 actually is much better as corresponding quarter take into account one off RM 150m earning.

Posted by JTFX > 2013-08-23 09:49 | Report Abuse

YTL Power; Hold; RM1.59-Price Target: RM1.70; YTLP MK-Dividend disappoints..
FY13 profit in line with our estimate but 10% below market expectation. No dividend for 4QFY13; conserving cash for acquisitions. New acquisitions are crucial to cushion against earnings drop after expiry of Malaysian PPAs in 2015. Maintain HOLD rating and RM1.70 TP.

Posted by hng33 > 2013-08-23 12:17 | Report Abuse

I think YTLP have no need urgently to source new power concession to replace earnings drop after expiry of Malaysian PPAs in 2015. What YTLP should do is make sure its broadband division to at least breakeven by 2015, already more than offset its IPP earning and enough boost YTLP earning. In the meantime, YTLP should continue share buyback, accumulate treasury up to 10% and distribute later to shareholder

Posted by ivankvs > 2013-08-23 14:43 | Report Abuse

YTLP- already secured a new IPP in JOrdan 30% business

More loss will come upon YTLP get the 4G license in SABAH AND SWAK state, Potentially spend another RM2b in the infra setup

Posted by babu > 2013-08-23 14:47 | Report Abuse

Generally speaking, market does not favour uncertainty. And YTLP has too many uncertainties at the moment which does not augur well for its share price in the near term. That's why all the analysts are unanimous in their "HOLD" recommendation. One of my pet peeve is the recent unrelentless sale by EPF - I still believe they know what they are doing - EPF is no fool, they are there to invest and make decent returns for our retirement funds.

Posted by hng33 > 2013-08-27 11:42 | Report Abuse

Bought YTLP at 1.56

Posted by Icon8888 > 2013-08-27 11:46 | Report Abuse

Cheap, cheap

Posted by hng33 > 2013-08-27 12:02 | Report Abuse

Bought maximum YTLP at 1.55

Posted by DrPitchard > 2013-08-27 12:03 | Report Abuse

Not surprising if it goes down all the way and revisits 1.40 level.
That's only when I'll re-enter YTLPWR.

Posted by hng33 > 2013-08-27 12:05 | Report Abuse

Capitalize on its share buyback later

Posted by titus > 2013-08-27 12:05 | Report Abuse

bought YTLP-wb @0.40

Posted by babu > 2013-08-27 12:26 | Report Abuse

EPF sells 4m shares again !

Posted by babu > 2013-08-27 12:36 | Report Abuse

At last, EPF buys 1.26m on 22 Aug (after selling off the 4m on 21 Aug)- YTLP got some hope now maybe ? last traded 155

Posted by hng33 > 2013-08-27 12:45 | Report Abuse

Ya, table turn, now EPF sell YTLcorp and buy YTLP

Posted by hng33 > 2013-08-27 15:34 | Report Abuse

Index seem find good support at 1700 now, time to pare down loss

Posted by hng33 > 2013-08-27 16:52 | Report Abuse

Sold back all YTLP at 1.58, realize intraday gain

Posted by Jerry > 2013-08-27 17:01 | Report Abuse

Damn i q at 1.59 cant make it :(

Posted by johotin88 > 2013-08-27 21:59 | Report Abuse

Anyone got insider news ? how come can rebound so much in such a terrible market condition ??

Posted by johotin88 > 2013-08-27 21:59 | Report Abuse

Anyone got insider news ? how come can rebound so much in such a terrible market condition ??

Posted by ronaldo1103 > 2013-08-27 22:37 | Report Abuse

is not about any reason. If the shares fundamental strong, the management will eventually buy it back/ collect

Posted by Jerry > 2013-08-28 09:33 | Report Abuse

I hv to clap for d management. They like knowing storm ll come thats why stop paying dividend and use thosr money for s.b.b... now is the best time for m@a.

Posted by devilnevercry > 2013-08-28 12:46 | Report Abuse

Johotin88, it's not rebound la. They play with themselves... un what i mean?

Posted by miketyu > 2013-08-28 12:48 | Report Abuse

It is earning billions. Management buy back shares. Privatize to eat the billions among themselves?

Posted by Peter5151 > 2013-08-28 18:21 | Report Abuse

Share cancellation?

Posted by hng33 > 2013-08-28 18:22 | Report Abuse

YTLP cancelled share, totaling 250m share instead of distribute it to shareholder.

Posted by sam2828 > 2013-08-28 18:28 | Report Abuse

if shares cancelled, meaning the existing holders stake % will increased, right? all set in for privatisation

Posted by Jerry > 2013-08-28 18:49 | Report Abuse

told you all already, they wont distribute to sharehlder. main shareholder of ytlp is ytl, if no mistake 2nd is epf. if distribute back to shareholder, their shareholding will be dilluted. and making it more costly for take over... just put your cash here and wait 1,2,3 years until they annouce it.

Posted by hng33 > 2013-08-28 19:00 | Report Abuse

Well, it remain to see whether YTLP will continue share buyback onwards.

Posted by Jerry > 2013-08-28 19:02 | Report Abuse

max. 10%, i dont put too much hope on this counter, holdng ytl instead. currently focus on other counter first.

Posted by hng33 > 2013-08-28 19:05 | Report Abuse

I presume since YTLP going to secure new mandate from shareholder in upcoming AGM to buyback 10% stake =, it opt to cancelled these 3.3% treasury share now, so that YTL can buyback another 10% later.

Posted by KL Vin > 2013-08-28 19:10 | Report Abuse

Confirmed Privatise ! But just dont know when only...

Posted by hng33 > 2013-08-28 19:30 | Report Abuse

KL Vin

Yeoh family control 55% stake in YTL corp, which through YTL corp control 51% stake in YTLP. If wan to privatize or take over, it must through YTL, but a lot of cash actually is in YTLP balance sheet. Alternatively is through share swap, by cancelling YTLP share, the ratio to swap from YTLP to YTL will be lower.