KLSE (MYR): YTLPOWR (6742)
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Last Price
3.67
Today's Change
+0.01 (0.27%)
Day's Change
3.60 - 3.70
Trading Volume
3,710,200
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KC Loh
13,701 posts
Posted by KC Loh > 2012-07-20 22:59 | Report Abuse
if the current opposition takes it, the shares of this stock will definitely drop. this is because the opposition has been harping that the govt is giving lop-sided concession to IPPs.
By right, all concession should hold and anything that will be renewed should be by letter of law. What good is judicial system if the letter of the law is not complied but changed according to the government election? then again, can Tenaga generate enough electricity without these IPPs. Remember, international fund managers takes all these into consideration.
fear will play a factor now. If the opposition will hold to their promise and abolish the concessions, then many will feel the uncertainty. There will indeed be turmoil for the IPPs (or cronies according to the biggest benefactor cronies in town, Anwar and Azmin) :)