Posted by XenDee > 2023-03-02 10:46 | Report Abuse

high NOSH .. too many bilis.. gajah susah terbang

Posted by dragon328 > 2023-03-02 10:55 | Report Abuse

With a much higher Regulated Asset Base (RAB) now after heavy capex in past 3 years, Wessex shall reap the benefit of higher water tariffs when the approved WACC is multipled with the higher RAB to derive the capital component of the water tariffs.

This shall increase the quarterly pretax profit beyond historical highs of RM170-180m per quarter.

Posted by dragon328 > 2023-03-02 10:58 | Report Abuse

many ikan bilis is okay as they will chase back once their orders are makan up. As the big fish CIMB is out of the way, or they may need to buy back some YTLP mother shares if they want to issue new call warrants on YTLPower, funds buying will drive up the share price sooner or later. It is just a matter of timing, the key is to hold it patiently.

Posted by hng33 > 2023-03-02 11:15 | Report Abuse

YTLP fundamental recovery cannot be continue ignore by IB. Current increasing EPS growth already promptly many IB to upgrade YTL target to > RM 1.00. Next upgrade is when wessex water profit resume and increasing, IB will chase up again to upgrade YTLP further high to RM 1.50. Next upgrade will be full operation shale power plant and phase 1 Green data center to RM 1.80

Posted by xiaochen > 2023-03-02 11:29 | Report Abuse

If 2024 Dividend: 10sen
If DY: 7%
Price: Rm1.42

Hopefully Q3 2023 will announce 3sen dividend,
and Q4 another 3sen, total 6sen.
If DY 7%
Price should be Rm0.86

Posted by MichelleNg > 2023-03-02 12:23 | Report Abuse

Ytl power return....

Posted by hng33 > 2023-03-03 22:59 | Report Abuse

RAM rating........The Group’s liquidity profile stayed superior, backed by RM6.83 bil of unencumbered cash reserves as at end-June 2022. The ratings consider the Group’s strong financial flexibility, with a sizeable net realisable asset value (RNAV) of around RM30 bil against company-level debts of RM7.52 bil as at the same date...

Remark: YTLP RM6.83 bil of unencumbered cash reserves as at end-June 2022 is more than current market capitalization of only RM RM 6.4 bil.

Aside YTL free cash is more than market capital, the more remarkable value is its realizable asset value is RM 30 bil, quadrupole higher than carry debt asset now at RM 7.5 bil

https://www.ram.com.my/pressrelease/?prviewid=6225

Posted by dragon328 > 2023-03-05 12:07 | Report Abuse

In RAM report, YTLP had unencumbered cash reserves of RM6.83 billion and debts of RM7.5 billion as of 30 June 2022, translating into a net debt of RM700 million at the holding company level. I estimated the net debt to be RM800 million in my earlier article in April 2022, so not too far off.

As YTLP has received the disposal proceeds from Australia by now, so net cash at holding company level should have been at around RM0.5 - 1.0 billion level after allowing some RM300 million - RM800m of capex spending on the Kulai land and green data centre 1st phase.

The important thing to note is the unencumbered cash holdings of RM6.83 billion. This is sufficient to fund the equity portion of capex for the remaining phases of green data centre (secured jobs 200MW, unsecured 250MW) to ensure multi-year growth.

I estimate that after allowing some RM2.7 billion for the remaining 450MW of green solar data centre projects, YTLP will still have some RM4.0 billion of unencumbered cash holdings which will enable potential M&A work of RM20 billion assuming 80% gearing.

The strong operating cashflows will ensure higher dividend payouts from FY2023, and the unencumbered cash will ensure business expansion / acquisition and multi-year growth.

Posted by dragon328 > 2023-03-05 12:22 | Report Abuse

In my earlier article on YTLP in April 2022, I estimated a sum-of-parts value of RM32.2 billion for YTLP in the conservative case. This is not too far off from RAM's estimated figure of RM30 billion of realizable asset value.

The key to note from above is the word "realizable", meaning that YTLP had assets which were ready for monetization to the value of RM30 billion as of June 2022. This obviously did not include the green data centre projects yet as it only took off early this year.

It means that RAM valued the existing assets of YTLP (Wessex, PowerSeraya, Jordan, Jawa Power and YTL Comms) at RM30 billion which was even higher than my estimate in the conservative case.

Posted by tonywong8 > 2023-03-06 16:13 | Report Abuse

For contra players, make sure don't play with EPF's counters, sure lose money.

Posted by dragon328 > 2023-03-06 17:09 | Report Abuse

good advice tonywong8. Don't play contra. Hold long term

Posted by dragon328 > 2023-03-06 19:55 | Report Abuse

EPF bought 1.44 million shares in YTLPower on 1st March when it sold 10 million shares in YTL.

Let's see if EPF sold any shares in YTLP last Friday

Posted by tonywong8 > 2023-03-07 09:47 | Report Abuse

D328, i also foreseen EPF sold stiffly YTLP share on friday afternoon to collect shares for those profit taking and contra trading. Monday was in consolidation and today, may be still in consolidation before going up again.

Posted by MichelleNg > 2023-03-07 10:49 | Report Abuse

EPF keep pressing down....no wonder dividend keep reduce and said bla bla bla excuses....

Posted by Tibbers > 2023-03-07 14:55 | Report Abuse

1.2

Posted by abc333 > 2023-03-08 11:15 | Report Abuse

finished washing?

Posted by hng33 > 2023-03-08 14:57 | Report Abuse

Regaining momentum :D)

Posted by dragon328 > 2023-03-08 15:56 | Report Abuse

It turns out that it was not EPF who sold YTLP down last Friday as there is no bursa announcement. EPF kept selling YTL shares on 28 Feb, 1st Mar and 2nd Mar.

Fund flow statistics posted by CIMB shows that retailers sold a total of RM8.7 million worth of YTL Power last week, it was almost 11 million shares which matched the volume sold down last Friday.

So it appears to me that EPF is trying to switch more from YTL to YTLP as the latter offers higher dividend yields in near term.

Posted by dragon328 > 2023-03-08 16:17 | Report Abuse

@hng33, how do you see the current rally of YTLP? can break previous high of 0.815?

You seem to be good at timing the market and spotting trend reversal.

Posted by hng33 > 2023-03-08 16:49 | Report Abuse

dragon328

Based on historical data, YTLP share price is closely mimic to its earning EPS. But, market take time to reflect these trend, so, just patient

Posted by hng33 > 2023-03-08 16:54 | Report Abuse

I have very high hope on YTLP share performance in next 1 year to fully recover back above RM 1.50. These is supported by recovery in EPS to above 4sen per quarter. Core earning seraya + traffic hike in wessex water and maiden contributor from Jordan power plant + newly green data center phase 1 worth RM 1.5 billion by Q1 2024

Posted by hng33 > 2023-03-08 16:58 | Report Abuse

To allow YTLP price fully recovery, we need great patient in every trading day as share price movement is within narrow range and only get boost up when Q result release or dividend declare.

Posted by dragon328 > 2023-03-08 17:03 | Report Abuse

agree with your view

Posted by kcwong98 > 2023-03-08 21:13 | Report Abuse

HLIB report June 2024 RM985M or EPS of 12 sen should be quite close for the confirmed projects.

Posted by wallstreetrookieNEW > 2023-03-09 09:06 | Report Abuse

heading higher towards RM0.90

Posted by Tibbers > 2023-03-09 09:08 | Report Abuse

1.17

Posted by wallstreetrookieNEW > 2023-03-09 09:26 | Report Abuse

YTLPOWER-C23 warrants - Unusual BUYING volume

Posted by wallstreetrookieNEW > 2023-03-09 10:25 | Report Abuse

edging higher

Posted by wallstreetrookieNEW > 2023-03-09 10:25 | Report Abuse

YTLPOWR-C23 +50%

Posted by hng33 > 2023-03-09 11:37 | Report Abuse

:D)

Posted by Tibbers > 2023-03-09 11:37 | Report Abuse

waa sudden surge in buying.

Posted by wallstreetrookieNEW > 2023-03-09 11:54 | Report Abuse

YTLPOWR-C23 yesterday CGS derivatives prop trader was buying non-stop

Posted by wallstreetrookieNEW > 2023-03-09 11:54 | Report Abuse

Congrats to those who made money from buying call warrants

Posted by wallstreetrookieNEW > 2023-03-09 11:54 | Report Abuse

Up 50% in 2 days

Posted by wallstreetrookieNEW > 2023-03-09 12:01 | Report Abuse

YTL C23

Posted by dragon328 > 2023-03-09 12:01 | Report Abuse

good call hng33

Posted by wallstreetrookieNEW > 2023-03-09 12:02 | Report Abuse

YTLPOWER C23

Posted by dragon328 > 2023-03-09 12:02 | Report Abuse

good call hng33

Posted by wallstreetrookieNEW > 2023-03-09 12:03 | Report Abuse

insider trading spotted in YTLPOWER-C23.

Posted by wallstreetrookieNEW > 2023-03-09 12:04 | Report Abuse

YTLPower C23 call warrants volume breakout

Posted by wallstreetrookieNEW > 2023-03-09 12:09 | Report Abuse

You guys are missing out from buying mother shares only

Posted by hng33 > 2023-03-09 12:11 | Report Abuse

Call warrant is passively dependent on underlying share performance, nothing unusual for call warrant now. The core is underlying stock, YTLP, now after 2 consecutive Q performance have pave way for all IB to upgrade buy call and pending growth driver from traffic rate hike from Wesse water, new stream of profit from COD jordan power plant and upcoming first phase RM 1.5 billion Green data center by Q1 2024.

Posted by wallstreetrookieNEW > 2023-03-09 12:13 | Report Abuse

@hng33 keep buying mother shares so I can make money from call warrants. Thank you

Posted by hng33 > 2023-03-09 12:13 | Report Abuse

No doubt call warrant have better margin than underlying share, but is suit for short term trading.

Posted by wallstreetrookieNEW > 2023-03-09 12:13 | Report Abuse

call warrant holders are like leeches but still make money haha

Posted by wallstreetrookieNEW > 2023-03-09 12:14 | Report Abuse

YTLPOWER C23 has 0% premium and trading at a conversion ratio of 1:1. It is currently one of the best valued derivative on Bursa.

Posted by wallstreetrookieNEW > 2023-03-09 12:15 | Report Abuse

Any color on YTLPower's business in Singapore? I am not very familiar thanks @hng33

Posted by wallstreetrookieNEW > 2023-03-09 12:15 | Report Abuse

im up 50% from call warrants. mother share is too slow for me

Posted by wallstreetrookieNEW > 2023-03-09 12:16 | Report Abuse

i saw someone got hired as business development executive at YTL Power a few days ago. That's why I bought in

Posted by xiaochen > 2023-03-09 12:18 | Report Abuse

kuat bau goreng...

congrate hng33