Posted by dragon328 > 2023-09-08 18:04 | Report Abuse

@cgtan2020, this TPC data just shows that the TPC cap price has increased to S$584/MWh in 16-30 Sept from S$500/MWh in 1-15 July, as the gas prices have gone up so the spot LRMC price has gone up in tandem.

It does not mean much to Gencos' margin. But as far as I know, the supply is still tight and spot USEP still hit TPC cap price on several occasions in Sept.

Posted by cgtan2020 > 2023-09-08 18:04 | Report Abuse

https://www.ema.gov.sg/news-events/news/media-releases/ema-grants-conditional-approvals-for-2gw-electricity-imports-from-indonesia

Pacific Medco Solar Pte Ltd, formed by PacificLight Renewables Pte Ltd, Medco Power Global Pte Ltd and Gallant Venture Ltd 0.6GW
Adaro Solar International Pte Ltd., formed by PT Adaro Clean Energy Indonesia 0.4GW
EDP Renewables APAC 0.4GW
Vanda RE Pte Ltd, formed by Gurin Energy Pte Ltd and Gentari International Renewables Pte Ltd 0.3GW
Keppel Energy Pte Ltd 0.3GW

Posted by cgtan2020 > 2023-09-08 18:06 | Report Abuse

@dragon328, thanks. Look like average USEP is quite normalized at current level.

Posted by cgtan2020 > 2023-09-08 18:07 | Report Abuse

Gentari International is owned by Petronas.

Posted by probability > 2023-09-08 18:54 | Report Abuse

https://www.opp.today/5g/yes-5g-finally-offers-esim-heres-how-to-switch-from-a-physical-sim/41512/

Posted by OTB > 2023-09-08 20:41 |

Post removed.Why?

Posted by cgtan2020 > 2023-09-08 20:52 | Report Abuse

@OTB, not easy to compare 2010 profit and profit now to corelate to the possible future share price, the number of share is difference in 2010 and 2023.

Posted by OTB > 2023-09-08 20:58 | Report Abuse

There is no change in number of shares issued.
NOSI is still at 8.158 billion shares (2010 and 2023).
PAT in 2010 and PAT in 2023 are known facts.
I had done my homework to check on this matter.

Posted by bearcomebullgone > 2023-09-08 21:05 | Report Abuse

xnaik lg ke aiyoo kesian tp xpe dah nk 200%

Posted by cgtan2020 > 2023-09-08 21:06 | Report Abuse

in 2010 Annual report, page 47 as of 30Sep2010, the number of shares is 7,195,395,378 with 1,198,223,799 outstanding warrant B. As of today it is 8,158,000,000, so there are different.
link to 2010 Annual report.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=1263689

Posted by David Gunter > 2023-09-08 21:08 | Report Abuse

rr88 and his punctured crystal ball. AAX still holding up, YTLPower still holding up. You said going to be 1.55 before QR was out? What happened? You only could afford HLT at 28 sen

Posted by probability > 2023-09-08 21:08 | Report Abuse

Bank Negara to begin cutting rates in early 1H2024

https://theedgemalaysia.com/node/681761

with local interest rates already peaking, cost of equity will be lower

as such dividend yield of YTLP will be too attractive for the market

further, its one of the few stocks in Bursa with highest international exposure - a shield against potential weakening MYR

Posted by OTB > 2023-09-08 21:16 | Report Abuse

Posted by cgtan2020 > 18 minutes ago | Report Abuse
@OTB, not easy to compare 2010 profit and profit now to corelate to the possible future share price, the number of share is difference in 2010 and 2023.
-----------------
Thank you for your good information.
I used PAT for calculation, I did not use EPS for calculation.
Hence number of shares issued is not related or no effect on my calculation.
Thank you.

Posted by OTB > 2023-09-08 21:39 | Report Abuse

YTLPower chart on 21/8/2023 and 8/9/2023 displayed a "Shooting Star" chart pattern.

The candle on 21/8/2023 was a "Shooting Star" chart pattern, the share price closed at 1.80 on 21/8/2023. The share price moved up to 2.10 on 7/9/2023, the share price did not drop to new low.
The share price closed at 2.13 today is also a "Shooting Star" chart pattern, will the share price move down south or move up north in the future ?
No one knows the answer.
The daily "Shooting Star" chart pattern is not a market top signal.
Thank you.

Posted by klee > 2023-09-08 21:44 | Report Abuse

Q4 is coming,it is the best time for stocks in Nov to Jan.Only fools like rr88 dunno.Further pmx budget in Oct will boost mkt.

Posted by klee > 2023-09-08 22:12 | Report Abuse

All time high for ytlp is 2.3,it nearly touch that price today.Ytlp is one of the strongest ctr on bursa in 2023 to date.it is no brained 2.3 will be breached in nov if not earlier.Blue skies await after that.

Posted by beinvested > 2023-09-08 22:52 | Report Abuse

1st QR will be dated 30 SEP 2023.

The FYE/AR of YTLP is on 30th of JUNE.
QR dated 30 JUNE should labelled as the AR.
It should not be known the 4th QR already.

The 1st QR will be dated 30 SEP 2023 which is end of this month.
The QR usually due to be published not more than 2 months from the date of the QR.

Posted by beinvested > 2023-09-08 22:53 | Report Abuse

The same goes for YTL.

Posted by beinvested > 2023-09-08 22:59 | Report Abuse

In the 4th QR, there are accumulated figures for all the 4 quarters apart from the individual quarter.

Understandably, the AR will be finalized/prepared from this 4th QR during the grace period of 2 months. Some adjustments may be involved to tidy up for the consolidated accounts. So, the AR will be published lastly.

Posted by beinvested > 2023-09-08 23:15 | Report Abuse

Adam and Eve gave birth to Cain and Abel.

From Cain, came a the person named Jubal. He is the first person who played the stringed instrument and pipes.

Genesis 4:
21 His brother’s name was Jubal; he was the father of all who play stringed instruments and pipes.

Other nations stole the musical instruments/talents from the Holy Temple when concurring the Holy Land.

"joy and singing to the music of timbrels and harps?"

The king used the almugwood to make supports for the temple of the Lord and for the royal palace, and to make harps and lyres for the musicians

The Temple Musicians -
These are the men David put in charge of the music in the house of the Lord

David told the leaders of the Levites to appoint their fellow Levites as musicians to make a joyful sound with musical instruments: lyres, harps and cymbals.

In fact, David himself was good in music, played violin for King Saul whenever he is ill.

Posted by OnTime > 2023-09-08 23:44 | Report Abuse

so many useless posts

Posted by myloh123 > 2023-09-09 00:53 | Report Abuse

...

Posted by David Gunter > 2023-09-09 07:04 | Report Abuse

rr88 and his punctured crystal ball. AAX suppose to drop so much, YTLPower was suppose to drop when it it hit past 1.8 ha

Posted by cgtan2020 > 2023-09-09 10:44 | Report Abuse

@OTB I prefer to do the price projections to take into consideration of the number of shares. Here are some findings. 2010 data is based on your adjusted price.

Year PAT #Share(B) Price Market Cap(B) P/E
2010 1.211 7.195 1.43 10.29 8.50
2023 2.022 8.158 $2.13 17.38 8.59
2024 3.000 8.158 $2.94 24.00 8.00
2024 3.000 8.158 $3.31 27.00 9.00
2024 3.000 8.158 $3.68 30.00 10.00
2024 3.000 8.158 $4.05 33.00 11.00
2024 3.000 8.158 $4.41 36.00 12.00

Current PE based on unaudited 4Q results is 8.59. If 2024 can get 3B PAT, there are high chance it will be traded at FPE of 8.0 to 10.00. or the share will be around RM3.1x to RM3.6x. from 2.13 to 3.1x there are still forty over percent gain in 1 year. Just need to monitor it Q to Q and buy on dip. This will make more sense than just compare PAT without taking considerations of NOSI.

Posted by cgtan2020 > 2023-09-09 10:54 | Report Abuse

Quite high chance it will hit 10 but above 10 for regulated asset is quite rare. Its industry peer are at PE around 10 now.

Sembcorp Industries 9.9x US$6.69b
ACEA 9.6x US$2.45b

Posted by Jerichomy > 2023-09-09 12:34 |

Post removed.Why?

Posted by Zhuge_Liang > 2023-09-09 15:57 |

Post removed.Why?

Posted by Jerichomy > 2023-09-09 19:40 | Report Abuse

Pls make sure he lose money like HY and coastal haha

Posted by Jerichomy > 2023-09-09 20:12 |

Post removed.Why?

Posted by dragon328 > 2023-09-09 20:38 | Report Abuse

@cgtan2020, I don't quite agree that utilities stocks rarely trade above 10x PER. Just look at below stocks:

Tenaga - PER 11.5x DY 4.8%
Petronas Gas -PER 18.9x DY 4.2%
Ranhill Utilities - PER 15.9x DY 4.1%
Press Metal - PER 26.6x DY 1.5%
Malakoff - loss making DY 3.4%
MAHB - PER 18.9x DY 2.9%
Dialog - PER 23.4x DY 1.6%

Posted by dragon328 > 2023-09-09 20:59 | Report Abuse

I think we do not need to be too worried about the RE import into Singapore from Indonesia. In fact, this was well expected as Singapore already announced its target of importing 4 GW of RE by 2035. The closest countries to Singapore are Malaysia and Indonesia, so it is not a big surprise for Indonesia to get the lion share of the pie as Malaysia still banned RE export until recently.

Furthermore, this is only conditional approval, and by usual practice, EMA typically grants approval for more projects at initial stage in anticipation of some projects failing to achieve financial close and go ahead. So it would be very good if Singapore eventually gets 1,500MW from Indonesia. The 1,000MW RE import from Cambodia by Keppel via 1000km undersea power cables is even more far stretched, with costs unknown.

I suspect these projects from Indonesia will eventually need to go through competitive RFP process as usual, and solar power projects from Malaysia will still have cost advantage over those from Indonesia. In any event, I still expect minimum of 1,000MW to 1,500MW solar power export from Malaysia to Singapore.

Furthermore, Malaysia government is pushing for ambitious RE plan over next 15-20 years, and there is potential of over 5GW solar power projects up for grabs in Malaysia by 2030. YTLP is in a good position to grab some of it.

Based on info from EMA press media release, the RE import from Indonesia shall commence from end 2027, so the electricity market in Singapore will continue to be tight for next 2 years, i.e. PowerSeraya will continue reporting good earnings for FY2024 and FY2025. Depending on the peak demand growth in Singapore, PowerSeraya may continue posting good earnings for FY2026 and FY2027 if demand growth is as high as EMA projected.

All in, I still expect YTLP to report EPS of 40 sen (PAT of RM3.2b) for FY2024. At PER of 10x, YTLP should trade up to RM4.00. Even if I knock off 10% profit to allow for continued weak earnings from Wessex into Q3 FY2024 and lack of extraordinary profits from PowerSeraya/Jordan, YTLP should trade up to RM3.60 in 2024.

Posted by cgtan2020 > 1 day ago | Report Abuse

https://www.ema.gov.sg/news-events/news/media-releases/ema-grants-conditional-approvals-for-2gw-electricity-imports-from-indonesia

Pacific Medco Solar Pte Ltd, formed by PacificLight Renewables Pte Ltd, Medco Power Global Pte Ltd and Gallant Venture Ltd 0.6GW
Adaro Solar International Pte Ltd., formed by PT Adaro Clean Energy Indonesia 0.4GW
EDP Renewables APAC 0.4GW
Vanda RE Pte Ltd, formed by Gurin Energy Pte Ltd and Gentari International Renewables Pte Ltd 0.3GW
Keppel Energy Pte Ltd 0.3GW

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

@dragon328 it will be great if it can hit PE 11.5 like TNB and the big cap. ;)

Posted by cgtan2020 > 2023-09-09 21:03 | Report Abuse

@dragon328 3.60 is a very fair price.

Posted by OTB > 2023-09-09 22:25 | Report Abuse

We must read the technical chart using a one year window.
According to Bloomberg, the definition of a technical bull market is as follows :-

Technical bull market
When the share price or index rebounds from the low, the quantum of the increase is more than 20% from the low.
This stock or index is in a technical bull market.

Both the share price of YTLPower and Utilities Index are in technical bull market now.
We can see the share price of YTLPower to continue to break new high and I believe the share price of YTLpower will continue to be bullish in 2024 and 2025.

The catalyst for YTLPower share now is as follows :-
1.) Inclusion into FTSE's Asia-Pacific Index on 18/9/2023.
2.) Inclusion into FBMKLCI Index Component stock in 2023 December's review.
3.) Exponential growth of PAT in 2024 and 2025 especially on utilities sector.

I do not worry that even KLSE is not in a bull market scenario, the share price of YTLPower will continue to perform well and break new high.
If the PAT of YTLPower in FY2024 can achieve 3.0 billion, I have very high confidence that the share price of YTLPower will hit 4.00 in 2024 with ease.
I believe in dragon328's projection of 3.0 billion PAT for YTLPower share in FY2024.

Good luck to all investors in YTLPower, hope that you will be laughing all the way to the bank in 2024.
Thank you.

Posted by icecool > 2023-09-09 22:49 | Report Abuse

aiyo no need so long story
short story enough : monday huat ah!!!

Posted by OnTime > 2023-09-10 08:25 | Report Abuse

look forward to 2024 !

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

I hope OTB positive comments are right. Who sold down from RM2.24 to RM2.10? I added at RM2.18. 😥

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

Big funds sell so that small fish got chance buy cheap mah

Posted by EngineeringProfit > 2023-09-10 09:56 | Report Abuse

Small fish got only enough power to push for a top reversal diamond

Posted by OnTime > 2023-09-10 10:01 | Report Abuse

fundamental over technical

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

Macam Wce, if big funds didn't dump at 73¢, u think u got chance buy Wce (aka Plus 2.0) at 64¢ now?

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

So is good big funds dump, so small fish got chance buy cheap

Posted by EngineeringProfit > 2023-09-10 10:05 | Report Abuse

Yes, speakup is speaking up from experience. No matter how good the counter, after running as strong bull for such believable consecutive weeks, will be sell off too

Posted by speakup > 2023-09-10 10:07 | Report Abuse

Another example, when big funds dump Ambank last time due to 1MDB, speakup brought at 2.70! Bottom line is don't lah scared big funds dump. They dump, we buy!!!

Posted by EngineeringProfit > 2023-09-10 10:08 | Report Abuse

Optimistic traders still think the operators are generous and foolish enough to buy high 2.24 and sell cheap 2.09 to them

Posted by speakup > 2023-09-10 10:08 | Report Abuse

Let the big funds dump, we buy cheap!

Posted by EngineeringProfit > 2023-09-10 10:09 | Report Abuse

Reality check: downside >> upside

Posted by speakup > 2023-09-10 10:09 | Report Abuse

Takut apa?

Posted by Eagle77 > 2023-09-10 11:38 | Report Abuse

No more treats from PN/PAS 🟢⬇️⬇️⬇️

PH Government 🔴⬆️⬆️⬆️

YTL ⬆️⬆️⬆️🟢🟢🟢💪💪💪✌️

Posted by ken2004 > 2023-09-10 15:45 | Report Abuse

4 Weeks Range

1.52 - 2.24, this still consider cheap? This is the most expensive time within this year, surely it might keep flying if more and more good news...........