Posted by harvest6138 > 2023-10-23 09:19 | Report Abuse

Market sentiment is bad now , hence, have to wait for the next QR .. hope that our judgement is correct , if management can sustain this , then this is one of the few company in Bursa can deliver such a steady income..
Meanwhile , company should seriously consider monetize the Singapore operation since their performance is good , should yield very good return now ..

Posted by Invest_888 > 2023-10-23 09:37 | Report Abuse

Bought at RM1.87

Posted by cgtan2020 > 2023-10-23 09:39 | Report Abuse

https://theedgemalaysia.com/node/687157

Utilities still net buy

Posted by harvest6138 > 2023-10-23 09:42 | Report Abuse

As long as company continue to doing well and maintain the EPS more than 10sens , I am not so worry , this is one of the undervalue company if management deliver what they committed and market will appreciate it again ,I don't think we need to wait for too long to see this , the earliest shall be in Nov ..

Posted by jenson68 > 2023-10-23 10:13 | Report Abuse

Collect some … hahaha

Posted by cgtan2020 > 2023-10-23 11:39 | Report Abuse

(Oct 23): Singapore will centralise natural gas purchases in a bid to improve the stability and security of its power sector.

The nation will aggregate demand from generating companies, which will create economies of scale and allow Singapore to negotiate more favourable gas contracting terms and procure fuel from diverse sources, Minister for Trade & Industry Gan Kim Yong said at the Singapore International Energy Week conference.

“This is a fundamental shift in our approach toward gas procurement,” he said. “We believe that this is necessary to create a more stable and secure power system that will ultimately benefit the consumers and also the gencos themselves.”


Singapore uses natural gas for 95% of its power generation, and has previously given LNG procurement to firms including Pavilion Energy Pte and Shell Plc. The Energy Market Authority will consult on the details of the plans in the coming months, Gan said.

Posted by dragon328 > 2023-10-23 11:42 | Report Abuse

@harvest6138, agree with what you said above. Short term share price fluctuations are unpredictable, subject to many factors including short selling and speculation. But over medium and long term, share price movements always reflect company fundamentals.

If YTLPower can deliver good earnings like 8.0-10.0 sen EPS in next few quarters, markets will sooner or later appreciate its earnings resilience amidst so many external shocks.

Posted by dragon328 > 2023-10-23 11:45 | Report Abuse

@cgtan2020, that is potentially a positive development for all gencos and consumers in Singapore. When the government aggregates all the gas demand from gencos, they can negotiate for better deals. What it means is that it will provide a stable and more secured gas supply for all gencos, and also a level playing field for all gencos.

Posted by cgtan2020 > 2023-10-23 11:50 | Report Abuse

@dragon328 efficiency will determine profitability of the gencos. look like less hedging required?

Posted by Jerichomy > 2023-10-23 12:06 | Report Abuse

Klee is crying like baby now

klee
IQ 20 olang dah datang sini pangsai..kikiki
21 hours ago

Posted by Jerichomy > 2023-10-23 12:10 |

Post removed.Why?

Posted by dragon328 > 2023-10-23 12:18 | Report Abuse

@cgtan2020, hedging will still be required to hedge against gas costs and FX fluctuations. That has been the core policy in PowerSeraya not to take risks on gas price movements. It will ensure a steady and secured retails margin.

What they do normally is that when a retails contract is secured say for 12 months at a certain price say S$240/MWh, then PowerSeraya (and all gencos) will enter into financial hedges on the required gas costs by hedging the forward crude oil prices and FX for the 12 months ahead at S$160/MWh so that the retails gross margin is secured at S$80/MWh for this volume of retails contract secured. So irrespective of how crude oil and gas prices move in next 12 months, gencos' profit margin for the secured retails contracts are secured.

If the gas prices are negotiated lower, then gas costs can be hedged at lower price say at S$130/MWh and the retails contracts can be sold at lower price too say at S$210/MWh such that the retails gross margin is maintained at S$80/MWh.

If the gas prices go up and gas costs are hedged at say S$200/MWh, then retails contracts will be sold at S$280/MWh such that retails gross margin is still maintained at S$80/MWh.

As long as the gas costs secured by all gencos are more or less the same, then the retails contract electricity selling price will be about the same, and the retails gross margin about the same too.

Posted by mikekim > 2023-10-23 12:24 | Report Abuse

https://www.theedgesingapore.com/news/sustainability/ytl-powerseraya-expand-solar-capacity-jurong-island-plant-5mwp

Posted by dragon328 > 2023-10-23 12:33 | Report Abuse

@mikekim, thanks for the info. It is another good development for PowerSeraya to maintain its top retailer position in Singapore.

Posted by klee > 2023-10-23 13:14 | Report Abuse

drop 1 sen only and IQ20 thinks its a big deal,possibly his IQ only 10 then lolz

Posted by Jerichomy > 2023-10-23 13:16 | Report Abuse

Klee now shaking like baby girl haha


klee
drop 1 sen only and IQ20 thinks its a big deal,possibly his IQ only 10 then lolz
29 seconds ago

Posted by Jerichomy > 2023-10-23 13:16 | Report Abuse

Klee now shaking like baby girl haha


klee
drop 1 sen only and IQ20 thinks its a big deal,possibly his IQ only 10 then lolz
29 seconds ago

Posted by klee > 2023-10-23 13:24 | Report Abuse

Only reta-rds will post mockery of himself.Hahaha.Otb,dont you think this re-tard has lost his mind completely after kena bankrutcy.

Posted by Jerichomy > 2023-10-23 13:31 |

Post removed.Why?

Posted by OTB > 2023-10-23 21:53 |

Post removed.Why?

Posted by OTB > 2023-10-23 21:59 | Report Abuse

Jerichomy has no cure at all, please go back to your Tanjung Rambutan hospital to rest.
Take your medicine and stop come over to this forum.
Jerichomy is a bankrupt, he cannot buy YTLPower shares.
Jerichomy will be more frustrated when the share price of YTLPower hit 4.00 in due time.
I worry Jerichomy will be mad and start to do stupiid thing in his life.

Posted by Jerichomy > 2023-10-23 22:31 |

Post removed.Why?

Posted by Jerichomy > 2023-10-23 22:32 |

Post removed.Why?

Posted by jenson68 > 2023-10-24 09:14 | Report Abuse

Retest 2.00 level , gogogo

Posted by cgtan2020 > 2023-10-24 09:20 | Report Abuse

short position reduce to 14,060,830

Posted by harvest6138 > 2023-10-24 09:38 | Report Abuse

S$ to RM break the 3.5 barrier , sigh .. bad for country but good news for ytlp since their major business is in S$.. expect to see higher margin due to this ..

Posted by Apple888 > 2023-10-24 09:49 | Report Abuse

Can break 2.00 today?

Posted by Alex Chua > 2023-10-24 11:04 | Report Abuse

@Apple888 dont think so hope can support this level

Posted by harvest6138 > 2023-10-24 11:28 | Report Abuse

agree , unless have good news come in , nowadays , Bursa share price all driven by news , the fundamental will be taking place only when QR report release ..

Posted by klee > 2023-10-24 11:29 | Report Abuse

sgd 1 = myr 3.5 now,lets go ytlp

Posted by harvest6138 > 2023-10-24 11:32 | Report Abuse

https://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-10-24-story-h-216904047-Singapore_to_manage_gas_purchases_for_power_sector

Separately, EMA and the Maritime and Port Authority of Singapore will also select a project developer to provide a low or zero-carbon ammonia solution for power generation and bunkering on Jurong Island..

will YTLP get this project ?? hope for the best ...

Posted by cgtan2020 > 2023-10-24 13:29 | Report Abuse

https://theedgemalaysia.com/node/687353

Posted by Apple888 > 2023-10-24 13:32 | Report Abuse

Today laiii..stay above 2.00

Posted by xiaochen > 2023-10-24 15:19 | Report Abuse

CGS CIMB maintains 'add' to YTL Power with TP of RM2.40
https://theedgemalaysia.com/node/687353

PS的盈利，可能会被影响到，这措举主要目的，就是稳定价格，或打击暴利。
到时，大家的煤气价一样的时候，EMA给予的retail价格，不再能让genco赚取暴利。
类似锁定低价的煤气交易价格。。。这个优势不再复返。
只能靠产能的有效率来提高盈利。
或从再生能源挖取更多盈利。

Posted by wahidpenang > 2023-10-24 15:20 | Report Abuse

Company suppose to submit the new price review plan by this month , all the inflation cost shall be reflected in this new plan , that will help to boost up the bottom line as well ..

Posted by xiaochen > 2023-10-24 15:20 | Report Abuse

对有杀价能力的公司来说，这是坏消息。
对没有杀价能力的公司来说，这是极好消息。

Posted by xiaochen > 2023-10-24 15:22 | Report Abuse

这措施在十月的现在出台，是否在暗示七到九月的电费盈利，还是处在高水平中呢？
似乎有可能。

Posted by dragon328 > 2023-10-24 15:34 | Report Abuse

@xiaochen, this centralised purchase of natural gas will have no significant impact on PowerSeraya for a few reasons:

1) Existing gas supply contracts are allowed to continue until expiry. PowerSeraya has secured relatively cheap gas supply at least until Dec 2025, some extended to 2028, so this new measure will have no impact on PS at least for FY2024 and FY2025 and 1H FY2026

2) Once it is implemented, all gencos will have access to same gas supply and pricing, which will be back to prior arrangements before 2023 April when all gencos got the same gas supply from Malaysia and Indonesia at similar pricing and LNG from BG. All gencos will have similar gas cost structure, and will only compete on plant efficiencies.

3) EMA has no control over retails pricing which is itself a competitive market. EMA will be able to control gas pricing to gencos, which will help stabilising input costs to reduce occurrences of price spikes in the wholesale electricity market, but it will have no impact on retail electricity market which depends on supply and demand

Posted by dragon328 > 2023-10-24 15:38 | Report Abuse

Due to reason 2) above, PowerSeraya will have less chances of making extraordinary profits from long generation into the wholesale electricity market, which typically contributes less than 5% of overall profit. That may be the only impact.

As the bulk of PS profits come from the retails electricity market and vesting contracts, so such extraordinary profit from long generation into the wholesale market if disappearing will not cause much dent to PS overall profit.

This can be validated from the upcoming results for the July-Sept 2023 quarter during which TPC was already in place to curb pool price spikes.

Posted by dragon328 > 2023-10-24 15:47 | Report Abuse

Why I said this is a positive development is because this new measure will help gencos to secure sufficient gas supply for years to come and at terms more acceptable to gencos, as it will be negotiated in bulk by EMA's Gasco on behalf of all gencos.

After the expiry of first LNG supply tenor in April 2023, each genco needed to go source for own gas supply and to negotiate with the oil & gas majors for a relatively small quantity of gas sufficient for each own consumption. Each genco did not have much bargaining power and hence could not secure good terms for the gas supply, hence such feedback to EMA has given rise to the proposed set up of a centralised purchase entity Gasco.

As EMA is calling for new tenders for new gas fired power plants to be built from 2028, the new gas plants will need gas supply but the winner of the bid is not known yet at this juncture. Gasco can then step in next year to secure the necessary gas supply for the new gas plant for whoever the eventual winner of the bid. That will take away a major risk for bidder to participate in the upcoming tenders. If PowerSeraya participates in such tender, it will not need to worry about sourcing for new gas supply, but focusing on getting the best technology with high efficiency.

Hence this is a good development for the electricity industry in Singapore as a whole.

Posted by probability > 2023-10-24 16:18 | Report Abuse

''YTL Power currently has gas contracts in place, and the earliest of these contracts is set to expire at the end of 2025, with some extending as far as 2028 or 2029''

amazing...

Posted by Yezzy99108 > 2023-10-24 16:34 | Report Abuse

YTLP lai liao

Posted by klee > 2023-10-24 16:40 | Report Abuse

where the re-tard jerichomy?

Posted by klee > 2023-10-24 16:56 | Report Abuse

Highly likely this round will break 2.24 n go to 2.5.Good luck to all.

Posted by jenson68 > 2023-10-24 19:44 | Report Abuse

Thx @ dragon328 for fruitful sharing !!

Posted by MrFox > 2023-10-24 20:15 | Report Abuse

sui sui closing

Posted by cgtan2020 > 2023-10-24 20:45 | Report Abuse

http://www.tradingview.com/x/DUDqtiPZ/
weekly chart, got hammer.

Posted by myloh123 > 2023-10-25 10:27 | Report Abuse

Flash in d pan

Posted by StartOfTheBull > 2023-10-25 10:37 | Report Abuse

Definitely not for short term holders.

Posted by Apple888 > 2023-10-25 11:55 | Report Abuse

2.10 today?