Posted by newbie8080 > 2023-10-25 14:30 | Report Abuse

Energy sector is a regulated industry.
Becoz of this, the performance for share like TNB is affected during to low tariff rates, high maintenance capital expenditure and government late payment.

Looking at YTLpowr, it seems quite similar when compared to revenue source from Singapore.
I'm sure the singapore government will ensure low tariff rates and unrevised rates remains for many years.

Anyone has any feedback?

Posted by harvest6138 > 2023-10-25 14:50 | Report Abuse

From next coming QR we will know if the profit is sustainable ...

Posted by xiaochen > 2023-10-25 14:59 | Report Abuse

@Dragon328 Thanks for the explanation.

Limited earnings impact on YTL Power next year
https://www.thestar.com.my/business/business-news/2023/10/25/limited-earnings-impact-on-ytl-power-next-year

@harvest6138
Agree with you

Posted by xiaochen > 2023-10-25 15:02 | Report Abuse

现在坐稳稳，等下个月尾的丰厚股息。
同时，耐心等待来季的季报。

Posted by MrFox > 2023-10-25 15:17 | Report Abuse

500,000 units at 2.00!!
wow

Posted by Jerichomy > 2023-10-25 22:25 |

Post removed.Why?

Posted by MrFox > 2023-10-25 22:37 | Report Abuse

shud > 2.00 tomolo!!!!1

Posted by xiaochen > 2023-10-26 08:05 | Report Abuse

YTL PowerSeraya Expands Solar Capacity At Pulau Seraya Power Station To Support Singapore’s Green Goals
https://solarquarter.com/2023/10/25/ytl-powerseraya-expands-solar-capacity-at-pulau-seraya-power-station-to-support-singapores-green-goals/
留个记录

Posted by harvest6138 > 2023-10-26 08:38 | Report Abuse

Anybody has any insight info on the Digital Bank project ?? not sure what is their progress with Sea on this ...I guess they may launch it together with the Data Center which suppose to be live in early 2024 ..

Sea already have digital bank experience in Singapore , Indonesia and Philippine , so should be no problem to set up one in Malaysia ...

Posted by dragon328 > 2023-10-26 09:03 | Report Abuse

The digital bank JV with SEA Group should be on track for commercial roll out in Q1 next year.

The experience of SEA Group in its own digital bank business (which has turned EBITDA positive) will help in making this JV a profitable venture in 2-3 years.

Posted by harvest6138 > 2023-10-26 09:18 | Report Abuse

YTLP has very good strategies to drive the future growth , hence, the key things is to deliver steady and sound QR in next few quarters , that will help to attract more investors to understand their potential , in fact , I really suggest management to get Singapore and UK asset to be listed and release their real intrinsic value , meanwhile , company can reduce the debts as well ..

Posted by Alex Chua > 2023-10-26 10:18 | Report Abuse

I would think Digital bank will target shopee partners especially SME to expand their business. Data Center and Digital bank digestion period should be just nice and contributing the profit when the power seraya profits normalizing from 2025 onwards...there after will be the WTE plant .... guess their roadmap is well planned.

Posted by teknikal > 2023-10-26 10:34 | Report Abuse

Rangebound with support at 1.90 and resistance 2.20

Posted by Alex Chua > 2023-10-26 10:46 | Report Abuse

Anyone know what's the progress of Brabazon and how's the contribution like towards the company?

Posted by dragon328 > 2023-10-26 10:51 | Report Abuse

@Alex Chua, yes there are plans to ensure continuation of strong earnings for YTL Power to continue beyond FY2025:
1) WTE plant to start from 2026
2) Digital bank to turn in profit from 2026
3) Green data centre 1st phase to start contributing profit from FY2024
4) Subsequent phases of green data centre to contribute profits from FY2025
5) Wessex Waters earnings to rebound from Q4 FY2024 after next water tariff hikes
6) Wessex Waters RCV to expand substantially for next regulatory period from April 2025 to ensure earnings to expand meaningfully from FY2026
7) Potential win of new solar power projects in Malaysia as Malaysia plans to roll out some 8,000MW of solar power projects by 2030 and another 25,000-30,000MW by 2050
8) Potential export of RE to Singapore from 2027
9) Meaningful earnings contribution from UK property development from 2026 once interest rates there retreat to normalised levels
10) Potential win of the new gas plant tender in Singapore to expand PowerSeraya earnings from 2028

Posted by dragon328 > 2023-10-26 11:05 | Report Abuse

I am not too sure of Brabazon project progress but I do not expect YTL Power to aggressively launch new projects there as UK interest rates are still high and property market is weak. I would expect the property market will be conducive enough from 2025 for more significant launches.

Posted by jeffchan1901 > 2023-10-26 11:06 | Report Abuse

@dragon328 Thanks for update

Posted by moncmondo87 > 2023-10-26 11:08 | Report Abuse

2023 Annual Report will be out early next week. More clues and deal flows, beyond what dragon328 has offered above, can be found in certain Notes to the Financial Statements ...

Posted by probability > 2023-10-26 11:18 | Report Abuse

World shift to clean energy is unstoppable, IEA report says

https://www.bbc.com/news/science-environment-67198206

Posted by dragon328 > Oct 26, 2023 10:51 AM | Report Abuse

@Alex Chua, yes there are plans to ensure continuation of strong earnings for YTL Power to continue beyond FY2025:
1) WTE plant to start from 2026
2) Digital bank to turn in profit from 2026
3) Green data centre 1st phase to start contributing profit from FY2024
4) Subsequent phases of green data centre to contribute profits from FY2025
5) Wessex Waters earnings to rebound from Q4 FY2024 after next water tariff hikes
6) Wessex Waters RCV to expand substantially for next regulatory period from April 2025 to ensure earnings to expand meaningfully from FY2026
7) Potential win of new solar power projects in Malaysia as Malaysia plans to roll out some 8,000MW of solar power projects by 2030 and another 25,000-30,000MW by 2050
8) Potential export of RE to Singapore from 2027
9) Meaningful earnings contribution from UK property development from 2026 once interest rates there retreat to normalised levels
10) Potential win of the new gas plant tender in Singapore to expand PowerSeraya earnings from 2028

Posted by dragon328 > 2023-10-26 12:12 | Report Abuse

@probability, yes the swift to renewable energy is unstoppable, but politics and Tenaga policy are the main obstacles stopping Malaysia's swift to renewable energy.

To achieve installation of new 8,000MW of solar power by 2030 and another 25GW by 2050 will require massive investments from various private sectors and swift roll-out of public tenders of large scale solar projects by the government. So far we are not seeing much actions by the government besides just talking big on the RE plans, I guess the bottleneck is at Tenaga who is playing hard ball with the government trying to secure as much such new solar projects as possible. But Tenaga's own capital investment requirement is already super high for strengthening of national power grid, totalling RM180 billion over next few years. I think the government needs to stand firm and play tough games in order to achieve its RE plans.

Posted by probability > 2023-10-26 12:32 | Report Abuse

agree dragon328, even the second 5G network in similar situation

Posted by Alex Chua > 2023-10-26 14:11 | Report Abuse

Thanks @dragon328@probability Hope our current government can deliver what they planned. Rumors on cabinet reshuffle guess due to industry player thinks that the cabinet not strong enough, look at DNB/5G, is currently in a mess. Implementation with lotsa challenges due to politics and competency. Good thing is most of our businesses are in developed countries like singapore/uk.

Posted by dragon328 > 2023-10-26 14:28 | Report Abuse

as you pointed out, our 5G development is also in a mess, interrupted by various lobby groups and industry veteran like Maxis who still refuses to sign up for DNB. Even though DNB might have incurred higher costs than the second network provider yet to come, but this is our national 5G development plan already started from previous government and continued on by the present government. Industry players should try to support as much our national agenda for rolling out good 5G services, and not insist on their allegation that they can get cheaper 5G network provider.

If everybody signs up for DNB, then the cost of access to 5G services will be the same for all 5G players and it will be a level playing field. Unfortunately some industry veteran feel that their veteran and lucrative position should not be challenged by new players, hence trying to delay the implementation of DNB services, despite numerous attempts by our Communications Minister to urge for finalisation of equity subscription to DNB.

Posted by dragon328 > 2023-10-26 14:32 | Report Abuse

Our government should stand firm on what they believe is good for the industry and businesses, like what Singapore government is doing. Singapore EMA believes that setting up of a new Gasco for centralised purchase of natural gas will be good for the power sector in Singapore and consumers, and it will push for the realisation after proper engagement with industry players.

Look at what our government has been doing here. Even engaging Tenaga to finalise the policy for RE export is going nowhere, hence we are missing out on the opportunity to participate in the RE tender by Singapore closing in end Dec.

There is opportunity out there and there is industry interests from private sector (YTLPower, Malakoff, Solarvest etc) to participate, but our government policy and bureaucracy has killed off those good opportunities.

Posted by harvest6138 > 2023-10-26 14:33 | Report Abuse

https://klse.i3investor.com/web/blog/detail/dragon328/2022-04-22-story-h1621549755-YTL_Power_is_potentially_a_10x_Bagger

Found this article today , worth to read , this was published in April , I thin the author may need to re calculate the profit estimation again as the power division alone , the Q4 QR alone already exceed his one year estimation ...

Anyway , he really brought up a good point , now is really a good time for management to get their valuable asset listed in London and Singapore , it will make YTLP become a cash rich company ... hope to hear good news soon ..

Posted by KLV868 > 2023-10-26 14:42 | Report Abuse

This article is the inspiration to my “Wild dream” about this strong fundamental company .

Posted by dragon328 > 2023-10-26 14:46 | Report Abuse

@harves6138, I have since updated the earnings projection in my subsequent update reports, the latest being this one:

https://klse.i3investor.com/web/blog/detail/dragon328/2023-08-24-story-h-241866920-YTL_YTL_Power_Electrifying_Up_to_Record_Profits

PowerSeraya earnings have indeed exceeded my wildest projection back in April 2022, then gross margin projected max at S$450 million and PBT of S$371 million a year. Now PowerSeraya is doing a base PBT of S$232 million based on my last estimate in end August 2023. Now I understand that total debts in PowerSeraya have almost halved to just above S$1.0 billion and so interest expenses are also halved now, pushing PBT towards S$240 million.

Then you will need to take into account of the strong Singapore dollars which just broke RM3.50 days ago.

Posted by harvest6138 > 2023-10-26 14:47 | Report Abuse

The important things is whether what he said is correct , if all are valid , then we should see EPS more than 40sens p.a , the fair value of the company shall be RM 4 (if we use 10x as reference) .

Posted by dragon328 > 2023-10-26 14:50 | Report Abuse

Though we are disappointed with the government actions (or lack of) so far, I still believe at the end of the day the government and the various industry players will do the right thing to make our national agenda a priority and realised. Lots of patience is required, especially for the present PM to strengthen his political grip so that we shall have political stability for at least 3 to 4 years for the various right policy to implement.

Meanwhile, we can fall back to overseas contributions (PowerSeraya, Wessex Waters, Jordan Power and Indonesia JawaPower）to continue contributing the bulk of the profits to YTL Power in next 2 to 3 years before the local mega projects start to kick off.

Posted by harvest6138 > 2023-10-26 15:04 | Report Abuse

@dragon328 , thanks for the details and valuable info , lets hope things turn to what we "dream " , ha... time for YTLP to shine ...

Posted by dragon328 > 2023-10-26 15:36 | Report Abuse

@harvest6138, you are most welcome. Let's make big money together. Good luck

Posted by ChloeCheong > 2023-10-26 16:14 | Report Abuse

As said, below RM2 is a good collection price 😋

Posted by Alex Chua > 2023-10-26 16:36 | Report Abuse

Think Jordan will slowly cut off the gas purchase from Israel ...now sentiment is high...Attarat will have bright future. IF they let us build solar power plant there to export in that region, share will fly to moon...

Posted by dragon328 > 2023-10-26 17:00 | Report Abuse

@Alex Chua, that would be what I thought to be a win-win situation for both Nepco and Attarat Power. The PPA terms should be honored as it is, and Attarat could sweenten the deal by installing solar power and selling the extra power to NEPCO at a much lower tariff say US 7.0 cents/kWh, such that the blended tariff would be below US 10 cents/kWh which is the gas tariff at current gas prices.

Posted by jenson68 > 2023-10-26 19:44 | Report Abuse

Nice closing & prepare for the next wave ! Gogogo

Posted by MrFox > 2023-10-26 19:54 | Report Abuse

> 2.05 tomolo?

Posted by cgtan2020 > 2023-10-26 21:43 | Report Abuse

https://www.businesstimes.com.sg/esg/sembcorp-keppel-ytl-consortiums-among-singapores-6-shortlisted-ammonia-developer-candidates

Posted by Alex Chua > 2023-10-26 22:07 | Report Abuse

https://www.malaymail.com/news/malaysia/2023/10/19/pm-anwar-collection-for-palestine-humanitarian-trust-fund-reaches-rm81m-approaching-target/97183?fbclid=IwAR2RE5on7G8gND9M3pMJUKkZTxQNZRiR8fazuLfmscRO8sE2PGE85indgKY

Posted by dragon328 > 2023-10-27 08:58 | Report Abuse

@cgtan2020, this new ammonia development project in Singapore is potentially a big contributor to future earnings of YTL Power if PowerSeraya wins it.

It will be Item No. 11 in my list above to ensure earnings continuity for YTL Power beyond FY2025

Posted by cgtan2020 > 2023-10-27 09:07 | Report Abuse

@dragon328 what is the advantage of ammonia?

Posted by jenson68 > 2023-10-27 09:32 | Report Abuse

Retest 2.10

Posted by MrFox > 2023-10-27 09:41 | Report Abuse

sui sui macam ahmoi!

Posted by MrFox > 2023-10-27 10:44 | Report Abuse

ahmoi lebih cantik!!!!

Posted by dragon328 > 2023-10-27 10:50 | Report Abuse

@cgtan2020, ammonia can be produced 100% green by using solar power or hydro power, and is used as a green fuel to replace high carbon fuel like coal, heavy fuel oil and even natural gas. It fulfills the green agenda or ESG requirements of many MNCs.

The other advantage of ammonia is that it is easier to store and transport, easier than green hydrogen.

The other advantage is cost, the cost of ammonia production is more or less fixed for decades once the capital costs for the solar power or hydro power and ammonia production plant are locked in. Hence it can be a cheaper fuel option when oil & gas prices are high. My own estimate is that the cost of generation using green ammonia may be cheaper than gas generation when brent crude oil price is above US$85-90/bbl.

Posted by klee > 2023-10-27 10:51 | Report Abuse

Fbmklci index,here i come.

Posted by dragon328 > 2023-10-27 10:52 | Report Abuse

Ammonia can be used for power generation, fuel replacement for coal in cement plant or other heavy industries and for bunkering fuel.

Singapore is moving fast on this initiatives, while Malaysia is still only talking on drawing board stuck with Tenaga

Posted by icecool > 2023-10-27 10:52 | Report Abuse

when ytlp goes up rr88 disappears hahaha

Posted by Abcdefg123456789 > 2023-10-27 10:59 | Report Abuse

Rr88 now at uems counter bullshit again

Posted by cgtan2020 > 2023-10-27 11:11 | Report Abuse

@dragon328 thank you so much.

Posted by Jerichomy > 2023-10-27 11:19 |

Post removed.Why?