Posted by Alex Chua > 2023-09-01 10:08 | Report Abuse

Glove industry China can replicate. Regulated industry barrier off entry high for China companies.

Posted by Abcdefg123456789 > 2023-09-01 12:05 | Report Abuse

Today drop 10sen 😥

Posted by free2invest > 2023-09-01 12:16 | Report Abuse

PureBull is trying to scare you and make you sell off your holding so that he can buy at lower price. 😂😂😂

Posted by gladiator > 2023-09-01 12:25 | Report Abuse

PureBull is right. He learn very well from his experience from D&O where even IB give TP = RM8.00 all about future EV outlook. Look at D&O profit now.

Posted by ktrader > 2023-09-01 12:34 | Report Abuse

Profit taking is well absorbed...could probably close with a long tail, huhu

Posted by free2invest > 2023-09-01 13:08 | Report Abuse

Watch out guys. YTL Power's competitor in Singapore - Vena Energy https://www.thestar.com.my/business/business-news/2023/09/01/vena-energy-aims-for-singapore-power-imports-before-2030

Posted by dragon328 > 2023-09-01 14:06 | Report Abuse

There will surely be competition for RE import into Singapore, I can guarantee you.

Recall that there was an even more ambitious project to bring in 4,000MW of solar power all the way from Australia via undersea power cables, but that project was already dead before the tender starts.

Posted by dragon328 > 2023-09-01 14:11 | Report Abuse

As I stated before, RE import to Singapore is no easy task. To Singapore, security of supply will be of paramount importance. To bring in RE via undersea power cables from Australia or Indonesia will involve huge costs and invite great concerns on power security. Just imagine if the undersea power cable from Indonesia were to be cut off abruptly for whatever reason, Singapore would experience a sudden drop in power supply and it might cause a national blackout. No country would tolerate such a scenario, hence the EMA will demand extra safety precaution measures, extra redundancies in power design, extra battery storage capacity for such a single large solar power supply (2,000MWp), certainty of financial supports to fund the project to completion, huge penalty clauses on any project default etc. All these will add costs to the project and risks to project developer, besides taking the demand risks (price and volume) & supply risks (weather conditions, sea conditions etc).

Posted by free2invest > 2023-09-01 14:21 | Report Abuse

Ya, I agree with you @dragon123. But I don't under estimate this Vena Energy. Let's enjoy the show 😂

Posted by dragon328 > 2023-09-01 14:49 | Report Abuse

Ya I don't expect YTLPower to under-estimate any competitor, and on the other hand I also do not expect YTLPower to be overly aggressive in bidding for the RE import to Singapore if the terms and rewards are not attractive.

As mentioned yesterday, there will be huge opportunities in Malaysia itself for new solar power installations, which may be as lucrative as RE export to Singapore. Do not be overly opitimistic on RE export to Singapore, though YTLP does stand advantageous given its local presence in Singapore retails electricity market.

In any case, the market has not yet priced in anything of RE export to Singapore nor any new solar power projects in Malaysia for YTLPower in its share price which trades at prospective PER of just 5x and dividend yield of 7%.

Posted by Eagle77 > 2023-09-01 15:31 | Report Abuse

YTL POWER GOGOGO⬆️⬆️⬆️💪💪💪

Posted by jenson68 > 2023-09-01 15:34 | Report Abuse

Thanks for the fruitfull information @dragon328 !! Hold tight

Posted by ktrader > 2023-09-01 15:36 | Report Abuse

Good job dragon....keep it up.

Posted by Sami_Value > 2023-09-01 15:46 | Report Abuse

It will be more like a PMetal from mid 2020 to early 2022. Powerplant needs long lead time to built unlike the glove factories < then 6 months you can get the plant operational.

Posted by Abcdefg123456789 > 2023-09-01 15:47 | Report Abuse

Thanks for the info @dragon328

Posted by dragon328 > 2023-09-01 17:03 | Report Abuse

Mild profit taking today has been well adsorbed. Looking forward to new highs for YTL Power next week.

It has been a meaningful week. Have a good weekend guys!

Posted by cgtan2020 > 2023-09-01 20:31 | Report Abuse

>>>>>>>>>>>>>>>>>
FTSE Global Equity Index Series Asia Pacific ex Japan ex China
Regional Index, Japan Regional Index and China Regional Index
Semi-Annual Review - Amendment
24 August 2023
The Semi-Annual review of the FTSE Global Equity Index Series - Asia Pacific ex Japan ex China, Japan
and China: constituent changes can be accessed via the attachments below.
The changes will be effective after the close of business on Friday, 15 September 2023 (i.e. on Monday,
18 September 2023).
Please note: Index review changes included within the attached files may be subject to revision until
close of business Friday, 01 September 2023. Effective Monday, 04 September 2023, the index review
changes will be considered final. Any subsequent changes will generally only be considered in
exceptional circumstances, in accordance with the FTSE Russell recalculation policy and guidelines.

>>>>>>>>>>>>>>>

Note on the effective date.
B01GQS6 YTL Power International Malaysia Add to Small

I just read report in the details, YTLPower is added to small cap, look like it will move to Mid cap in next review based on the market cap now. Currently YTLPower is around 24/25 largest company in KLSE based on market cap.
By year end review, it should be part of FBMKLCI. Sembcorp Industries move from Mid to Large cap.

B08X163 Sembcorp Industries Singapore Mid to Large

18-Sep-2023 will be an important date when this inclusion take effect. Have a great weekend. @dragon328, how do you think of this?

Posted by dragon328 > 2023-09-01 21:42 | Report Abuse

@cgtan2020, you are probably right. Come 18th September 2023, YTL Power will be officially included in FTSE Asia Pacific index and many funds which follow this index will buy YTL Power and Hap Seng as exposure to Malaysia equity stocks. But as you have already noticed, nowadays some funds do make pre-emptive moves by buying early, so I think YTL Power will continue seeing buying interests in next 2 weeks leading to 18 September.

Though YTL Power share price has jumped up substantially but its market cap in USD terms is still relatively small at RM2.13 x 8.1bn = RM17 billion or USD 3.8 billion only, so it only qualifies for the small cap in FTSE Asia Pacific index. Sembcorp has a market cap of SGD9.56 bn (valued at 11x PER on Net profit of SGD870 million) or USD7.3 billion so it qualifies as a Mid Cap company in FTSE Asia Pacific index, which hence attracts larger fund allocation.

PowerSeraya is making net profit of about SGD720 million, 20% lower than that of Sembcorp. By using the same valuation, PowerSeraya should be worth SGD 720mn x 11 = SGD8.0 billion. YTL Power's 100% stake in PowerSeraya is hence worth RM27 billion or RM3.36 per share.

At current YTLP share price of RM2.13, you are getting all other assets (Wessex, Indonesia Paiton, Jordan Power, green data centres, digital bank, Yes 5G business etc) for free.

Posted by cgtan2020 > 2023-09-01 21:58 | Report Abuse

@dragon328 i thought mid cap is USD 2B to USD10B. small is USD250M to USD 2B

Posted by xiaochen > 2023-09-02 09:46 | Report Abuse

八月尾出门到昨天才回到家，看来这里的变化非常大。股价也升到接近我的旧的最终目标价RM2.20。

4Q的超超超高净利，虽然近期不太会重复，但并不代表未来不会再发生。按照目前YTLP的发展，未来重现单季EPS超过14仙的机会是有的。

新加坡业务：这一季的超高净利，很大可能应该是历史性的了。不过temporary price cap的制度对PowerSeraya的影响有多深，还是一个未知数。不过，若有类似3Q的净利，也已经不错了。我是觉得，1QFY24，还是有机会获取不错的盈利，只要供电继续吃紧。

为何盈利会爆升？我推论的其中一个主要原因是：客户用电量，超过合约的量很多。若客户使用电量在合同以内，电费是正常的。但是用电量一旦超出合同的量，额外的量将会以更高的收费来收。若超出的越多，收费将会越来越高。类似tier1，tier2，tier3等等。

英国业务：虽然失望，我觉得来季很可能还是有继续亏损的可能性。因为英国的水费不像我们是按月收。若是按月收，要到5月才能收到起价的水费。若是按年收，意思就是2023年4-6月收到的水费，是还是旧的，未起价的。新的起价的水费，要等到一年后的4-6月，才能收到。我没有英国按月、按季、或按年收的比例的资料。不过，按照4Q的季报，按月收的比例似乎非常少。

YES业务：FY2023亏200m，全年EPS：亏2.5仙。4Q只亏8m，似乎看到希望？我不认为是。希望YES争气点。若YES能成功转亏为盈，就算全年只赚1块钱，股价100%肯定往上大冲。

约旦业务：有带来惊喜。继续努力。

数据中心业务：继续耗一季几十m的建设费。接下来的Q1及Q2FY2024，还会继续烧钱。

我还是看好HLIB的目标价：Rm2.90。因为HLIB已经对了两次的目标价：分别是Rm1.07以及Rm2.05.我觉得Rm2.90的可能性，是有的。一起来见证历史。

Posted by xiaochen > 2023-09-02 10:04 | Report Abuse

至于新加坡的进口RE，免不了是非常激烈的。

新加坡的电供市场，竞争从来都非常激烈。若你有追踪它的历史，你可以知道，过去几年，有好几间电供公司倒闭。PowerSeraya也蒙亏了几年。不过，PS却能生存下来，不但能生存下来，而且还乘机并购了一所新的发电站。这说明了，PS是具备了高竞争能力的。

PS的RE进口的另一个独有优势是，从柔佛供电到新加坡的电缆已经完工，已经在那里，而且已经正在输送电能。这是目前，其他周边国家所缺乏的。

这说明什么呢：PS从我国进口电能，就可以少了建设新电缆的投资。其他国家不但要建设新RE发电厂，同时还要建设新电缆。这意味着，增加了整体投资风险。其他国家也得考虑，假若RE出口给新加坡的价格，竞争不过来自柔佛的RE，意味着，所付出的投资可能严重到血本无归。这可是超大投资额哦。一旦你竞争不过，你的下场会很凄凉，就好像几年前一间接一间倒闭的新国国内的发电厂一模一样。

当然，我国也有劣势。不得不承认，我国过去的政治配合，是没有其他国家来得积极。不过，从团结政府目前的趋势来看，可以看出团结政府正在努力做出改善。假若，团结政府说道做到，PS是其中一个潜在大受益者。

Posted by seekingsuan > 2023-09-02 10:26 | Report Abuse

🙏🙏🙏

Posted by Eagle77 > 2023-09-02 10:48 | Report Abuse

HLIB TP :2.90⬆️⬆️⬆️

Posted by cgtan2020 > 2023-09-02 12:01 | Report Abuse

@xiaochen superb!!!

Posted by kcwong98 > 2023-09-03 09:02 | Report Abuse

Dragon328 where can we track telcos number of subscribers and average spend per user?

Posted by chessgame99 > 2023-09-03 12:27 | Report Abuse

Just wondering , how long have some of you been holding on to this stock ?

Posted by speakup > 2023-09-03 18:39 | Report Abuse

Bantai je
Kan ni Casino De Bursa 🎲

Posted by myloh123 > 2023-09-04 00:39 | Report Abuse

Donkey years...initially for the dividend yield of 6 to 6.5%pa since 2019

Posted by myloh123 > 2023-09-04 00:41 | Report Abuse

If i had known , wud go for the kill in mar 2020 pandemic crash

Posted by myloh123 > 2023-09-04 00:43 | Report Abuse

I remember it plunged below 60 sen

Posted by Eagle77 > 2023-09-04 06:31 | Report Abuse

Gogogo YTPP ⬆️⬆️⬆️ testing above 2.20💪💪💪

Posted by speakup > 2023-09-04 07:43 | Report Abuse

Mali mali mali, everyone place your bets. Casino De Bursa welcome u. All race, all religion can bet. Bet small, win small. Bet big, win big.
Ini kalilah!!! Turn your kapcai to Myvi. Turn your X50 to Mercedes Benz. Turn your apartment to condo. Turn your Terrace house to Bungalow.
Mali mali.....Bet nowwwww

Posted by OnTime > 2023-09-04 08:35 | Report Abuse

power up this week!

Posted by dragon328 > 2023-09-04 08:51 | Report Abuse

@cgtan2020, I am not sure of exactly how much market cap is qualified for mid cap in FTSE Asia Pacific index. As YTLP has been included in the Small Cap in the latest review, it should have been done in early July or before when YTLP's market cap was below USD2.0 billion.

In the next review, it should be included in the Mid Cap then.

Posted by dragon328 > 2023-09-04 08:52 | Report Abuse

@kcwong98, I refer to the various analysts' reports on TM, Maxis and CelcomDigi to get a sense of how many subscribers they each has.

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

Dear dragon328,
YTLPower built a large-scale solar power plant in Kulai Johor with a generation capacity of up to 500MW in 2022.
When you think this solar power plant will start to sell electricity ?
Will this PBT include in FY2024 result ?
I check and I cannot find my answer.
Please help to advise.
Thank you.

Posted by Udngu Ngu > 2023-09-04 09:59 | Report Abuse

Thank you OTB and dragon 328 for sharing information in your investing journey.We need more like you two in this forum in investment adventure.

Posted by Abcdefg123456789 > 2023-09-04 10:15 | Report Abuse

@dragon328 what is your tp for ytlpowr?

Posted by xiaochen > 2023-09-04 11:17 | Report Abuse

https://www.youtube.com/watch?v=dKOW4hqAc1E
4QFY2023季报简报

Posted by xiaochen > 2023-09-04 11:23 | Report Abuse

拨款2亿能源转型种子资金　安华：政府建筑将节能改造
https://www.sinchew.com.my/20230829/%E5%AE%89%E5%8D%8E%EF%BC%9A%E6%8B%A820%E4%BA%BF%E4%B8%BA%E7%A7%8D%E5%AD%90%E5%9F%BA%E9%87%91-%E6%8E%A8%E5%8A%A8%E7%AC%AC%E4%BA%8C%E9%98%B6%E6%AE%B5%E5%9B%BD%E5%AE%B6%E8%83%BD%E6%BA%90%E8%BD%AC/

Posted by xiaochen > 2023-09-04 11:25 | Report Abuse

SINGAPORE - Car buyers are gradually but surely warming to electric vehicles (EV), with one in five new cars registered in July being battery-powered models.

According to Land Transport Authority (LTA) figures, 486 new electric cars were registered in July, accounting for 20.4 per cent of the 2,382 passenger cars put on the road that month.

This compared with a share of 18.5 per cent in June, and 11.7 per cent at the end of 2022.
https://www.straitstimes.com/singapore/transport/ev-share-of-new-car-sales-in-singapore-crosses-20-in-july-led-by-byd-tesla-bmw

Posted by xiaochen > 2023-09-04 11:29 | Report Abuse

AMMAN — Arbitration procedures in the "Attarat" case are currently ongoing, and the sessions are expected to continue until the beginning of 2024.
https://www.jordannews.jo/Section-109/News/Attarat-arbitration-ruling-expected-in-2024-29652

Posted by dragon328 > 2023-09-04 11:36 | Report Abuse

Dear OTB,

There has not been much details on YTLP's green data centre business since the company launched the 500MW data centre park at Kulai last year. Recently at the 4QFY2023 result briefing, YTLP management guided for a Pretax profit of RM100 million for the 1st phase 48MW green data centre once completed in stages over 4 years.

That's higher than my own estimation which projects for PBT of about RM50 million a year for the 1st phase 48MW data centre, as I assume a low teen project IRR, 80% debt funding, 10-year loan tenor at close to 5% interest rate.

Why completion in stages over 4 years for the 1st phase? This is because out of the 48MW in the 1st phase, 32MW has been committed by SEA Group and the balance 16MW may have not yet been committed by any party. For the 1st phase 32MW, the installation of solar power is expected to complete in 1Q 2024 and YTLP will be able to start recognising some profits in its Q3 FY2024 result.

So far, I don't think any analyst has factored in any profit contribution from the data centre business.

Posted by dragon328 > 2023-09-04 11:39 | Report Abuse

YTL Power has since secured another data centre deal with China GDS for about 200MW solar-powered data centre at its Kulai site, but so far I have not heard any news of construction being started yet.

I have the impression that the management is working hard to secure new data centre deals for the balance 250MW capacity at its Kulai site and it is in good progress, given the fact that the company is looking for extra land to expand the green data centre park business by participating in the bidding for BPlant stakes.

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

Dear dragon328,
Thank you for your information.

Posted by cgtan2020 > 2023-09-04 12:39 | Report Abuse

@dragon328 YTL Johor Data Center 1 should have total capacity up to 72MW.
https://www.mida.gov.my/media-release/ytl-data-centers-and-sea-break-ground-with-the-rm1-5bil-first-phase-of-the-500mw-ytl-green-data-center-park-in-johor/

The Kulai DC will have direct fiber link to KL and Singapore.

Posted by cgtan2020 > 2023-09-04 12:46 | Report Abuse

more on YTL Data Center from link below.
https://ytldatacenters.com/about/press-releases/

Posted by Udngu Ngu > 2023-09-04 12:52 | Report Abuse

Good for those in the know to share

Posted by Zhuge_Liang > 2023-09-04 15:10 | Report Abuse

Many big sellers are at 2.20, it is a good news if the share price can cross 2.20 convincingly today.
Good luck.

Posted by Abcdefg123456789 > 2023-09-04 15:49 | Report Abuse

Feel like will close below 2.10