Posted by hng33 > 2013-10-29 11:31 | Report Abuse

Even with Affin target price of 2.20 or CIMB at 2.55, YTLP is just in the midst of recovery to last 2/3 year price.

Posted by leek > 2013-10-29 11:37 | Report Abuse

When is the AGM huh? Need to go ask FY this question. haha.

Posted by smartly > 2013-10-29 11:52 | Report Abuse

there is 3000units done at 1.89. maybe from sbb...

Posted by smartly > 2013-10-29 12:15 | Report Abuse

nibbling at 1.89.

Posted by hng33 > 2013-10-29 12:30 | Report Abuse

Within less a min, sbb engulf all 1.89 and still q to buy more :)

Posted by hng33 > 2013-10-29 12:32 | Report Abuse

Congratulate to those seller, manage to keep disciplined and no panic selling, now they are rewarded by the effect of sbb bid higher to engulf their volume.

Posted by leek > 2013-10-29 14:11 | Report Abuse

Cool Banana! Want to q for WB!

Posted by smartly > 2013-10-29 14:23 | Report Abuse

q at 655 if you want.

Posted by smartly > 2013-10-29 14:25 | Report Abuse

those that disposed at 1.89, will start buying the son soon.

Posted by hng33 > 2013-10-29 14:32 | Report Abuse

Seller now become panic selling....

Posted by smartly > 2013-10-29 14:34 | Report Abuse

seller start to emerge on mum & buyer start to buy in son as expected.

Posted by smartly > 2013-10-29 14:35 | Report Abuse

expect sellers to sell down to 1.86.

Posted by smartly > 2013-10-29 14:38 | Report Abuse

gap 0 now.

Posted by leek > 2013-10-29 14:52 | Report Abuse

Wow... change so fast...

Posted by smartly > 2013-10-29 15:18 | Report Abuse

if today's vol go pass 12m mean all 12m new listing absorb. tomorrow will stabilised.

Posted by leek > 2013-10-29 16:31 | Report Abuse

very slow for the last 1 hour...

Posted by hng33 > 2013-10-29 16:56 | Report Abuse

Closed unchanged, but WB up 0.5sen to 66sen, gap narrow to just 1 sen.

Posted by hng33 > 2013-10-29 17:00 | Report Abuse

I think about 2/3 of convert new share have been absorb by sbb. The remaining 1/3 should be comfortably absorb tomorrow.

Posted by leek > 2013-10-29 17:20 | Report Abuse

Audited report... http://www.bursamalaysia.com/market/listed-companies/company-announcements/1445669

Posted by smartly > 2013-10-29 17:54 | Report Abuse

sbb 6m done range from 1.87-1.89

Posted by hng33 > 2013-10-29 18:05 | Report Abuse

Buyback 6.07m share, 59% of today total volume, range 1.87-1.89, increase stake by another 0.08%, cumulatively at 358.6m share/5% treasury stock now.

Posted by leek > 2013-10-30 08:27 | Report Abuse

US has begin the year end rally this year? Hope to see the hike in this stock soon.

Posted by hng33 > 2013-10-30 08:54 | Report Abuse

YTL eyes water and power projects in Johor?

PETALING JAYA: Conglomerate YTL Group is actively pursuing infrastructure assets in Johor which may include water treatment and power plants, sources said.

It is understood that among the assets YTL is eyeing is Ranhill Energy and Resources Bhd’s water treatment plants in the state. YTL and Ranhill could not be reached for comments.

Sources said YTL had already started initial discussions to secure large infrastructure projects in Johor.

Ranhill has an exclusive licence to supply source-to-tap water to end-customers in Johor. According to reports, the current licence is valid till 2014 and renewable every three years.

Johor is the country’s second most populous state with about 3.4 million people as at 2012. It is estimated that water consumption in the state would grow by a compounded annual growth rate of close to 7% in the next seven years, underpinned by heavy investment in the property and oil and gas sectors.

Besides its water assets, Ranhill also has a focus on energy and the two sectors had formed the basis for the company’s planned initial public offering for July 31 before it was withdrawn.

To recap, Ranhill’s listing hit a snag after Petroliam Nasional Bhd suspended the licence of its affiliate Perunding Ranhill Worley Sdn Bhd. On July 26, the company announced that it was not proceeding with the listing despite news the licence has been reinstated, albeit for upstream activities.

As for the power sector, YTL is said to be eyeing new assets in Johor.

Its listed utilities arm, YTL Power International Bhd, was one of five companies shortlisted to tender for the Energy Commission’s Project 3B, which comprises a new green field 2,000-MW coal-fired power plant.

The plant, to be built at the respective bidder’s proposed site, is targeted to start by 2019 and may require a capital commitment of more than RM12bil, said analysts.

It is reported that YTL Power has proposed to build a plant in Tanjung Tohor, Johor. The other shortlisted bidders are 1 Malaysia Development Bhd, Formis Resources Bhd, Tenaga Nasional Bhd and Malakoff Bhd.

According to news reports, the closing date for the bid was Sept 30.

An analyst said that with YTL’s power purchase agreement on the Paka and Pasir Gudang power plants set to expire in 2017, the project was an opportunity to potentially replenish its independent power producer (IPP) earnings in the country. But he added that YTL Power would have to put in a competitive bid to bag the project.

YTL Power, the country’s first IPP, is also facing thinning margins from its Singapore unit Power Seraya Ltd due to greater pricing competition. YTL Power also has a 20% stake in PT Jawa Power, the second largest IPP in Indonesia, and a 33.5% stake in Australia’s ElectraNet Pty Ltd, which owns and operates the power transmission grid for South Australia.

In the water business, YTL Power’s main asset is Wessex Water Ltd, a utility concession in the United Kingdom that it bought in 2002.

It is no secret that YTL is on the lookout to acquire concession-type assets. YTL group managing director Tan Sri Francis Yeoh was quoted as saying at the recent Invest Malaysia 2013 forum that the group “had RM14bil in its coffers for years, but we haven’t made any new investment. We’re just waiting for the right time.”

YTL has diversified interests in utilities, construction, property development, hotels and resorts, and technology, among others. Earlier this year, the group, together with partner Malaysia Airports Holdings Bhd, failed to win the £1.2bil (RM5.89bil) bid it had made for London’s Stansted Airport.

Posted by smartly > 2013-10-30 09:01 | Report Abuse

sbb q at 1.87.

Posted by smartly > 2013-10-30 09:10 | Report Abuse

same pattern i think. seller will emerge and sell at 1.87.

Posted by hng33 > 2013-10-30 09:19 | Report Abuse

I think these time very likely YTLP to hit again 1.90 level

Posted by smartly > 2013-10-30 09:22 | Report Abuse

depend which side got holding power.

Posted by smartly > 2013-10-30 09:22 | Report Abuse

if seller act first then it will sell down to 1.87.
if sbb step in will challenge 1.90.

Posted by smartly > 2013-10-30 09:27 | Report Abuse

hwangdbs tp at 1.70.

Posted by hng33 > 2013-10-30 09:45 | Report Abuse

YTLP and Ranhill have close relation tie in bidding 3B project, new green field 2,000-MW coal-fired power plant. However, after Ranhill withdrawal IPO due to suspension of its Oil and gas license by Petronas, These financial trouble company is in urgent need capital to pare down debt, especially for its nonperforming Senai Desaru Expressway and the fact that all its shareholder anna to exit or pare down stake, especially Robinson Investment control by hedge fund Aqua Resource and Cheval as well as Ranhil CEO Tan Sri Hamdan.

Remark: Ranhil was taken private at 90sen, and wanted to relist at 1.70-1.85


I think what YTLP interest is its power plant in Sabah and Water in Johor.

Its power business is operated through 60%-owned subsidiary Ranhill Powertron I (RPI) and 80%-owned subsidiary Ranhill Powertron II (RPII) with PPAs with the Sabah Electricity, owns and operates two 190-megawatt combined-cycle gas-fired power plants in Sabah, provide an aggregate capacity of 380MW for 21 years under a long-term concession agreement

Is ts 30-years concession to lease water infrastructure from Pengurusan Aset Air Bhd (PAAB), benefit from the rapid development in Iskandar Malaysia and was awarded an exclusive licence by the government to provide ‘source-to-tap’ water supply services in Johor,

Posted by smartly > 2013-10-30 09:51 | Report Abuse

morning seller always got the edge, toward 1st half closing sbb will start to act.

Posted by leek > 2013-10-30 09:53 | Report Abuse

WOW... I prefer no privatization of YTLP.... can definitely go much higher!

Posted by smartly > 2013-10-30 09:59 | Report Abuse

sbb set base at 1.86 & 1.87, while seller q up at 1.89 & 1.90.

Posted by hng33 > 2013-10-30 10:03 | Report Abuse

If without privatization, but so long YTLP annual earning EPS increase, share price should be able recover back. Just alone Yes Wimax breakeven, YTLP EPS will be boosted by 20-30%, to up to 20sen/share. Based on historical YTLP PE range 10-14x, Its should at least trade above RM 2.00, if YTLP opt back for dividend payout quarterly, it could trade at higher PE range, to above RM 2.50

Posted by hng33 > 2013-10-30 10:06 | Report Abuse

If seller cannot keep patience, rush to sell, sbb afford to wait longer at lower price, always ready to absorb them.

Posted by smartly > 2013-10-30 10:20 | Report Abuse

testing the patience of both side.

Posted by smartly > 2013-10-30 10:20 | Report Abuse

sbb should have the advantage on this against retailer.

Posted by leek > 2013-10-30 10:42 | Report Abuse

Market speculators will step in soon too if the news/source is close to the real business deal...

Posted by titus > 2013-10-30 10:50 | Report Abuse

seem like 1.90 is difficult to break.

Posted by smartly > 2013-10-30 10:53 | Report Abuse

wait till 12:29pm, sbb will step up to 1.89.

Posted by smartly > 2013-10-30 10:55 | Report Abuse

seller getting impatience, start selling 1.87.

Posted by kenlfo > 2013-10-30 10:56 | Report Abuse

PT so low?

YTL Power; Hold; RM1.88
Price Target: RM1.70; YTLP MK

The Star reported that YTL Group is eyeing Ranhill Energy and Resources Bhd’s water treatment plants in Johor. Ranhill has an exclusive licence to supply source-to-tap water to end-customers in Johor. The current licence is valid till 2014 and renewable every three years. As for the power sector, YTL is said to be eyeing new assets in Johor.

The acquisition, if any, is in line with YTLP’s plan as the group has been conserving cash to gear up for new acquisition to compensate for the lower Malaysian earnings after the expiry of its PPAs in 2015. New acquisition is also crucial to sustain the group’s longer term growth given the more challenging outlook for PowerSeraya in Singapore due to increase in generation capacity. We believe the new acquisition will be mostly debt funded and the equity portion will be financed by the group’s RM10bn cash hoard at end Jun13. Maintain HOLD with DCF-derived TP of RM1.70.

Source: HwangDBS Research - 30 Oct 2013

Posted by smartly > 2013-10-30 11:01 | Report Abuse

yes, coming. :)

Posted by smartly > 2013-10-30 11:02 | Report Abuse

sbb started to act some buy up. :)

Posted by hng33 > 2013-10-30 11:33 | Report Abuse

Bargain at 1.88 now

Posted by hng33 > 2013-10-30 11:41 | Report Abuse

Ya, more seller quit 1.89, sell at 1.88

Posted by smartly > 2013-10-30 11:46 | Report Abuse

sbb will buy up 1.89 when near 12:29pm.

Posted by hng33 > 2013-10-30 12:13 | Report Abuse

Should be like yesterday pattern, but the momentum could be maintain afterward since, about half of the new share listing yesterday have been absorb by sbb

Posted by smartly > 2013-10-30 12:16 | Report Abuse

buy 655 if 1.89 taken.

Posted by hng33 > 2013-10-30 12:31 | Report Abuse

Not the same, probably due to seller still keen to sell at 1.88, sbb need rush to engulf 1,89, just wait at 1.88 is enough to attract seller.