Posted by klee > 2024-08-30 12:39 | Report Abuse

Mabel,unstoppable up or down? Lol.

Posted by klee > 2024-08-30 12:41 | Report Abuse

Mabel is a nice lady.But with terribly wrong trading skills. :)

Posted by klee > 2024-08-30 12:44 | Report Abuse

Btw if anyone is interested in Buffett moves,he just sold another usd1 bil BOA shares n now holds USD278 bil on Berkshires' piggy bank.

Posted by star899 > 2024-08-30 12:56 | Report Abuse

YTL Power is a solid utilities company with the capable management of Yeoh family's group.
It is one of the favorite stocks for foreign and local investors both institutions and retailers.

Posted by Vincent8864 > 2024-08-30 13:27 | Report Abuse

In your opinion YTLP will settle down around what price? What is the reasonable price?

Posted by Johnchew5 > 1 hour ago | Report Abuse

Hoho as said if below 3.81 .. in point 4 …

Posted by klee > 2024-08-30 13:32 | Report Abuse

today sgd 1 = rm 3.31
well off its high of sgd1 = rm3.57
a depreciation of 7.3%,meaning contribution frm power seraya will decrease 7.3% on exchange translation alone

Posted by klee > 2024-08-30 13:34 | Report Abuse

i saw someone highlighted this factor here in this forum some time ago n he asked dragon328 about it,but received no answer

Posted by klee > 2024-08-30 13:35 | Report Abuse

Dragon,pls la,dont just highlight the positives...you must also accept the negatives.

Posted by klee > 2024-08-30 13:39 | Report Abuse

What happens if sgd 1 = RM 3.2? !

Posted by forest18 > 2024-08-30 13:45 | Report Abuse

Not sure if comparing to the glove industry or any different industry is correct, given the dynamics are completely different, the glove industry is suffering due to China building up the exact same capacity, selling the same product that cannot be differentiated, there was no monopoly or even oligopolies in play. YTL Power, its utilities businesses are either monopoly or oligopolies.

Saying that the continuous drop in share price is puzzling.

I am stuck here, would sit and wait till around October and see what happens after the rate cut in US.

Posted by klee > 2024-08-30 13:49 | Report Abuse

Of course ytlp is not glove,but its is subject to exchange rate fluctaution,if you think RM will drop to 3.57 to sgd 1,by all means buy on weakness...

Posted by forest18 > 2024-08-30 14:18 | Report Abuse

@klee, true YTL Power’s revenue is subject to the fluctuations of the exchange rate, but the recent improvement of Ringgit vs US dollar we saw hot money flowing straight into the open arms of our financial institution’s shares, surely with more liquidity coming, we should see Ringgit improving and HOPE (sad word) improvement in YTL Power share price also? This is because it’s an index stock.

Anyway it may not pan out that way, the share might dropped to a PE of 2? Rationally thinking possible? …

Haiz stuck and in paper plus actual loses for now…

Posted by Jesse1314 > 2024-08-30 14:26 | Report Abuse

YTLPower derives its revenue primarily overseas... And it had stay in KLSE all the years!

Happy National Day to you YTL Power Int. Bhd.

Posted by klee > 2024-08-30 14:28 | Report Abuse

forest18,ytlp is a huge conglomerate,but power seraya contributed the bulk of its revenue n earnings,hence any factor that impacted pseraya in a big way will reflect in the p&l...rm appreciating usd will only attract ff to come into the sectors that benefit frm interest rate cut or importers industry....not into cos affected by rm appreciation

Posted by forest18 > 2024-08-30 14:42 | Report Abuse

klee, roger.

Posted by star899 > 2024-08-30 15:00 | Report Abuse

With the appreciation of Ringgit against the major foreign currencies, more foreign funds would be inflowed into the Bursa Market hunting for blue chip strong fundamental stock and YTL Power would be one of them.

Posted by star899 > 2024-08-30 15:29 | Report Abuse

Good and happy afternoon to you all.
Surprising report :
"Asian market rally on US data after Dow hits record on Wall Street"
The Star Friday 30 August 2024

Posted by redhotpepper > 2024-08-30 15:44 | Report Abuse

YTLP is a fundamentally strong counter. But indeed lot of naysayer here. However good fundamental also rosak by the naysayer here. All mau untong cepat. Look at the long run la

Posted by star899 > 2024-08-30 15:49 | Report Abuse

YTL Power is like red hot pepper. The more you eat, the more you like to eat.
Just joking. Hahaha !!!

Posted by star899 > 2024-08-30 15:52 | Report Abuse

YTP Power. The power is on now. Hopefully the rally uptrend continue next week and beyond to celebrate our Merdeka Day.

Posted by dragon328 > 2024-08-30 15:58 | Report Abuse

YTL Power as an international utility company which has long term businesses in various countries ranging from the UK, Singapore, Jordan to Indonesia, typically does not speculate on currency fluctuations. Most of its businesses are almost fully hedged against currency fluctuation, so its earnings are not affected by currency fluctuations.

Of course when ringgit appreciates against Sing dollars, the earnings of PowerSeraya will be lower in ringgit terms, it is common sense.

In my earnings projection, I have taken into account of the strengthening ringgit, but will not speculate on how much ringgit will go further. That's for traders to speculate upon, not for me.

Posted by dragon328 > 2024-08-30 16:08 | Report Abuse

I have highlighted the negative developments around YTL Power, not only the positives as some claimed.

In my earnings projection, I have lowered PowerSeraya earnings contribution to even lower than the last quarterly contribution, and in line with most of the sell side analysts'. For instance, I project PowerSeraya net profit to drop from SGD876m in FY2024 actual by 23% to SGD680m in FY2025 and further down to SGD600m in FY2026 as the new CCGT from Keppel and Sembcorp come in.

I have also highlighted the weak second draft determination of Ofwat for Wessex, and have assumed this set of weak determination parameters in my earnings projection for Wessex.

But unfortunately these are never enough for naysayers and short sellers. And it is not my problem.

Posted by chon99 > 2024-08-30 16:12 | Report Abuse

The foreign investors would enjoy triple gains:
1) Rise in price
2) Appreciation in Ringgit
3) Dividend
Additionally, the raw materials and the necessary equipments acquired from Singapore would also be cheaper if Ringgit continued to strengthen against Singapore dollars.

Posted by dragon328 > 2024-08-30 16:20 | Report Abuse

Short term share price fluctuations do not bother me, and only affect short term traders and short sellers who are betting at the wrong direction.

The tide is turning as foreign funds are starting to buy back YTL Power, as shown by the latest data. Foreign funds net bought RM20m worth of YTLP shares on Wednesday and another RM16m yesterday. Maybank data already shows that foreign funds' holding in YTLP has dropped to about 30-40 million shares only as of 31 July 2024. These are probably long term holdings for those foreign funds who will not sell at current prices.

Local funds have been buying big in YTL Power in past few weeks, given the fact that PMX has been calling EPF and the GLCs to allocate more funds to investing locally. With the appreciating ringgit, foreign funds will continue coming in.

Initial numbers from Singapore power sector are coming in good for the month of July, and Wessex should be reporting another quarter of decent profits in Q1 FY2025 having turned around in Q4 FY24. Yes 5G division will report profits for next 2 years as project revenue continues kicking in from the Sabah project that lasts for 3 years. Colocation data centre revenue has been flowing in since April-May 2024 and the 1st phase AI data centre is on track for completion in 1H 2025 (Jense Huang repeatedly said lots and lots of Nvidia GPUs would be shipping out in 2H 2024). LSS5 is on track for awards early next year, for which YTLP has submitted a competitive bid. UK Brabazon property project is on track for delivery of first landed homes to the buyers in 2H 2024. There are various initiatives undertaken by YTL Power team, which will be announced when the time is ripe.

So having bet wrongly on the Q4 FY2024 result, short sellers are betting on the last hope of call warrants issuers dumping all their holdings in YTL Power today itself. I wish them good luck.

Posted by dragon328 > 2024-08-30 16:22 | Report Abuse

Volume for YTL Power has already exceeded 30 million shares as of 4.20pm, and I think the call warrant issuers may have sold whatever they want to sell by now, probably left a couple of million shares more for which foreign funds as well as local funds are preparing to scoop up.

Posted by dragon328 > 2024-08-30 16:23 | Report Abuse

Remember - short sellers cannot short forever, at some point in time, they have to close out the short positions. But we as value investors can hold on for as long as we want, so we shall win eventually if you have the holding power.

Posted by Johnchew5 > 2024-08-30 16:27 |

Post removed.Why?

Posted by Johnchew5 > 2024-08-30 16:33 | Report Abuse

> Total Net Short Position for 19/08/2024 :

18,057,591

> Total Net Short Position for 20/08/2024 :

17,698,191

> Total Net Short Position for 21/08/2024 :

15,402,243


> Total Net Short Position for 22/08/2024 :

13,306,519


> Total Net Short Position for 23/08/2024 :

16,123,719


> Total Net Short Position for 29/08/2024 :

14,206,279

Posted by 2721 > 2024-08-30 16:41 | Report Abuse

Lets see can close above rm3.96 or nt

Posted by dragon328 > 2024-08-30 16:42 | Report Abuse

https://theedgemalaysia.com/node/724958

Macquarie is positive on YTL Power.

Posted by Johnchew5 > 2024-08-30 16:44 |

Post removed.Why?

Posted by 2721 > 2024-08-30 16:54 | Report Abuse

RM3.88 Heng Ong HUAT!

Posted by star899 > 2024-08-30 16:55 | Report Abuse

Strong rebounce and strong upward momentum.
If foreign funds infow continued with the appreciation of Ringgit.
Malaysia is one of best performing markets among other Asean peers, according to recent media report.
Therefore, very likely that the foreign funds would notice the higher growth potentials of the Malaysian stock market.
Stable government and conducive investment environment would be another competitive edge of Malaysia over its peers in Asean.

Posted by Johnchew5 > 2024-08-30 16:56 |

Post removed.Why?

Posted by Johnchew5 > 2024-08-30 17:02 |

Post removed.Why?

Posted by star899 > 2024-08-30 17:03 | Report Abuse

Strong closing for today.
Merdeka !
Merdeka !
Merdeka !
Malaysia boleh !
Let's be united together. To all Malaysians, a very happy Merdeka day tomorrow !!!

Posted by Antifanaticracism > 2024-08-30 17:08 | Report Abuse

Buy buy buy on Monday. Still not late

Posted by Johnchew5 > 2024-08-30 17:25 |

Post removed.Why?

Posted by Mabel > 2024-08-30 17:46 | Report Abuse

Bottom line

FBM KLCI mover
$YTLPOWR (6742.MY)$ was the top gainer, rising 6.01 percent to close at RM 3.880.

To Our Success Value Investors!

Happy Merdeka to Every One!

Meow Meow Meow

Posted by twobits > 2024-08-30 18:09 | Report Abuse

Short term - good setup chart for ytlp .
Target 4.50 for this bounce.

Posted by Mabel > 2024-08-30 18:14 | Report Abuse

Meow Meow Meow

Posted by Invest_888 > 2024-08-30 18:21 | Report Abuse

Nice rebound!

Posted by Antifanaticracism > 2024-08-30 18:28 | Report Abuse

On Monday u are still buying at low price

Posted by Sangranghaeyo > 2024-08-30 18:41 | Report Abuse

For those who bought put warrant, ggwp

Posted by ValueInvestor888 > 2024-08-30 18:53 | Report Abuse

Thank you dragon. I agreed with you.

Posted by klee > 2024-08-30 18:59 | Report Abuse

From 5.44 dropped to 3.61 is RM1.83.
Day day assume this n that be cant see this drop coming?Lol.
Anyway to clarify,me do not own any ytlp or have anything to do with it.
The ques posed was just for clarification.

Posted by klee > 2024-08-30 19:03 | Report Abuse

And dont try to speculate the moves of ib's,ff etc.
If you are that good,you would have seen the RM1.83 drop.

Posted by musangfoxking > 2024-08-30 19:13 | Report Abuse

aiyoh....when up, many are jealous!

Posted by klee > 2024-08-30 19:16 | Report Abuse

Jealous for what? Me am happy for the ytlp investors ,esp the cat.

Posted by FAInvestor > 2024-08-30 19:27 | Report Abuse

I added more ytlp shares this morning. Thank you short sellers.