Posted by hng33 > 2013-11-08 15:40 | Report Abuse

WB look set to move higher if mum keep up performing

Posted by leek > 2013-11-08 15:42 | Report Abuse

The son should have run ahead of the mother already... but still like a mummy's boy follow mum's price... if mummy announce new projects/deals... sure son will abandon the mum and fly high.... lolz.....

Posted by hng33 > 2013-11-08 15:47 | Report Abuse

Ya lah, now only follow bit, up 0.5sen to 72.5sen now

Posted by leek > 2013-11-08 16:02 | Report Abuse

Haha...someone naughty come kacau already....

Posted by smartly > 2013-11-08 16:07 | Report Abuse

in this case mum will close flat probably since vol already hit 10m.

Posted by leek > 2013-11-08 16:11 | Report Abuse

Bad boys! sbb should have swallow up them~

Posted by hng33 > 2013-11-08 16:14 | Report Abuse

Many seller move down from 1.93-1.94, and opt to sell at lower price

Posted by hng33 > 2013-11-08 16:34 | Report Abuse

WB now perform better than mum

Posted by smartly > 2013-11-08 16:35 | Report Abuse

son in demand now...

Posted by leek > 2013-11-08 16:42 | Report Abuse

Sellers are seducing sbb to swallow them up...

Posted by hng33 > 2013-11-08 16:52 | Report Abuse

Table turn, now sbb only willing to buy at 1.90, forcing seller to sell their stake, wb at last min closed 0.5sen down instead of up 0.5sen :(

Posted by hng33 > 2013-11-08 16:55 | Report Abuse

Seller give up, sell back to sbb at 1.90

Posted by cgtan2020 > 2013-11-08 16:57 | Report Abuse

next two weeks will be exciting time AGM/EGM and Quarterly result

Posted by leek > 2013-11-08 16:57 | Report Abuse

At least it closed at 1.90. :) :)

Posted by hng33 > 2013-11-08 17:03 | Report Abuse

Bear in mind, sbb strategy is to buy as much volume but at lowest possible cost, once it notice there is motivate seller willing to force sell, it will stay back and waiting to absorb at lower price.

Posted by hng33 > 2013-11-08 17:06 | Report Abuse

In the longer time, sbb will be winner as seller will gradually depleting their stock holding, but sbb can still keep accumulate more share, no distribution back to open market.

Posted by faberlicious > 2013-11-08 17:09 | Report Abuse

And that can only mean the price go in one direction- UP !

Posted by hng33 > 2013-11-08 17:53 | Report Abuse

Buyback 8.65m share, 64.6% of today total volume, range 1.89-1.92, increase 0.11% stake, cumulative at 5.66% in treasury stock now

Posted by leek > 2013-11-08 18:48 | Report Abuse

It's the naughty epf again...

Posted by MG9231 > 2013-11-09 21:54 | Report Abuse

Good news for ytl group especially ytlpower,
http://www.thestar.com.my/Business/Business-News/2013/11/09/Hamdan-Ranhill-censured-by-regulators-SC-sends-out-strong-signal-on-adherence-to-disclosure-require.aspx

Posted by leek > 2013-11-11 09:54 | Report Abuse

What a interesting volume.... lolz...

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

less vol better, sbb will buy up.

Posted by cgtan2020 > 2013-11-11 10:44 | Report Abuse

bor lat ka today?

Posted by leek > 2013-11-11 10:59 | Report Abuse

Today The Edge cover story + page 68-69 wrote an interesting interview with Datuk Yeoh Seok Hong, Executive Director of YTLP. :) :)

Posted by smartly > 2013-11-11 11:13 | Report Abuse

5.7m new shares listing tomorrow. very small qty.

Posted by smartly > 2013-11-11 11:27 | Report Abuse

son & mum go in tandem.

Posted by leek > 2013-11-11 11:27 | Report Abuse

According to the interview, Datuk Yeoh Seok Hong said the rewards are coming very soon... :) :)

Posted by zamsaham > 2013-11-11 11:32 | Report Abuse

anyone planning to come over to the EGM/AGM?

Posted by leek > 2013-11-11 11:41 | Report Abuse

http://www.thestar.com.my/Business/Investing/2013/11/11/CIMB-Research-maintains-Outperform-on-YTL-Power.aspx



Published: Monday November 11, 2013 MYT 8:24:00 AM
Updated: Monday November 11, 2013 MYT 8:26:45 AM
CIMB Research maintains Outperform on YTL Power

KUALA LUMPUR: CIMB Equities Research is maintaining its Outperform call on YTL Power, with an unchanged sum-of-parts based target price of RM2.55.

The research house said on Monday it was positively surprised that YTL Power emerged as the lowest bidder for the 2,000MW coal-fired power plant under Project 3B ahead of favourites Tenaga and 1MDB.

“We believe the news that YTL Power submitted the lowest bid for Project 3B will put the company on investors’ radar again. The re-rating catalyst will be the announcement of YTL Power securing the tender for Project 3B that is expected by early-2014,” it said.

CIMB Research was commenting on a news report that the YTL group bagged a major government contract (the 1BestariNet project) last year and took the lead in another (YTL Power outbid Tenaga Nasional and 1MDB in the tender to build and operate a 2,000MW coal-fired plant under Project 3B).

The report stated the tender will only be awarded in early-2014 but industry sources said that YTL Power's bid of 25.12 sen per kilowatt hour (kWh) was the lowest compared to 1MDB's 25.33 sen per kWh and Tenaga's 28.07 sen per kWh.

However, the bids still have to undergo technical evaluation and the industry sources noted that YTL Power's bid was only marginally lower than 1MDB's.

“We believe that the news is positive for YTL Power, assuming that it does win the bid. This would provide YTL Power with more consistent cashflow in 2018 onwards and supplement its current stable businesses.

“Although the dividends could be called into question given the high capex required for the project, we believe YTL Power could ring fence the construction cost due to the strong and stable cashflow of the power plant,” it said.

CIMB Research said investors should stay invested in YTL Power as clinching the bid will be a re-rating catalyst for the stock.

“We believe that the returns from the power plant will provide stable cashflow and translate into higher dividends in the longer term.

“Furthermore, the return of YTL Power to the IPP scene implies that there may be more major contract wins in the future,” it said.

Posted by hng33 > 2013-11-11 11:53 | Report Abuse

With 1BestariNet, YTL eyes return to concessions scene -

KUALA LUMPUR, Nov 9 — The once-connected YTL Corp is using the multi-billion 1BestariNet e-learning project to anchor its return to the government concession scene after years out in the cold, according to a report in The Edge financial weekly.

The Edge also pointed to various lucrative projects - including power production, a high-speed railway between Kuala Lumpur and Selangor and a redevelopment project - as signs that YTL was again venturing into federal jobs.

“For years, the YTL group has not put in strong bids for regulated assets such as power plant concessions in Malaysia because of the political backlash.

“But the recent change in tack suggests that the Yeoh family is comfortable with today’s environment and confident in its partners to take on concession assets,” The Edge said in its report.

YTL Corp and its managing director, Tan Sri Francis Yeoh, were often linked to the Mahathir administration. Despite repeated denials, the association drew allegations of cronyism in deals involving the corporation and the government.

Its return to the federal contract arena has also not been without controversy.

Amid attacks on the 1BestariNet project aiming to connect 10,000 schools nationwide to the internet to enable online learning, The Edge reported YTL as saying that the project had been “politicised” despite other countries being eager to study the Malaysian model for possible adoption.

“Malaysia is the only country outside the US with a nationwide 4G network. When Google found out about this, they were very excited to get on board with this project.

“It will replace the school labs of the past and transform the country’s education [system]. Unfortunately, it has become politicised,” YTL Power International Bhd executive director Datuk Yeoh Seok Hong was quoted as saying.

He also pointed out that YTL Power had won the project through a competitive tender, beating other companies like Telekom Malaysia Berhad.

The government will fork out a total of RM3 billion over 15 years to pay for the 4G network infrastructure and the maintenance of the Frog Virtual Learning Environment (VLE), while 10 million students, The Edge reported.

But the federal opposition, particularly Bukit Bendera MP Zairil Khir Johari had voiced his doubts, saying that the total bill that Putrajaya would have to foot for the 4G network, VLE as well as Chromebooks would come up to a whopping RM9 billion instead.

Zairil had also claimed that the Chromebook laptops supplied by YTL to the government were overpriced at an estimated RM 1,255 each, instead of the market price of RM988 offered here by manufacturer Samsung.

Amid claims that the 1BestariNet project was too expensive, Yeoh said it would have been more expensive to build computer labs and pay for the supporting infrastructure and maintenance costs.

At the moment, the 1BestariNet project has yet to turn a profit although the company does not need to pay substantially more to connect schools in rural areas to the internet, Yeoh was reported as saying.

“Currently, it is losing money. That is because the cost of 1BestariNet is RM3 billion, the cost of the whole network. It can’t be segregated from the whole network. It isn’t just a contract, it’s an investment.

“Of course, in the long run, it will generate returns. Our network is amortised over five to six years compared with a 15-year contract. However, I can’t share those numbers,” Yeoh said.

The Edge also said 10 million students, parents and teachers are expected to get IDs, which would enable them to use the VLE and get free internet with broadband quota of 200MB for a year.

The Edge suggested that YTL stands to double the number of subscribers paying for its 4G services, if 5 per cent of the 10 million users take on the service.

Zairil previously alleged that taxpayers and public schools could be funding the commercial expansion of YTL’s YES 4G network in the name of promoting the Education Ministry’s e-learning scheme.

According to Yeoh, YTL is nearing the 500,000 figure of paying subscribers for its 4G service, with the group expected to break even on the RM3 billion investment by next year.

When commenting on the return of YTL to the regulated assets scene, The Edge also noted that YTL Power had recently tendered the lowest price for a project to build and operate a 2,000 MW coal-powered energy plant.

According to industry sources, YTL had bid for RM25.12 sen per kilowatt hour (kWh) against 1Malaysia Development Bhd (1MDB)’s relatively higher RM25.33 sen per kWh and Tenaga Nasional Bhd (TNB)’s RM28.07 sen per kWh.

The tender for the project is expected to be awarded next year, sources told The Edge.

YTL already has a concession to the 1,212 MW independent power plants (IPP) it owns, but the power purchase agreement- which was not renewed - will end by September 2015.

Posted by txj89 > 2013-11-11 14:38 | Report Abuse

sbb still waiting at lower price

Posted by smartly > 2013-11-11 15:09 | Report Abuse

don't think so, less sellers sbb will buy up.

Posted by leek > 2013-11-11 15:11 | Report Abuse

Q-ing at 71.5cents wb.... zzzzzzzzzzzzz............

Posted by smartly > 2013-11-11 15:20 | Report Abuse

sbb bargain at 1.91.

Posted by hng33 > 2013-11-11 15:53 | Report Abuse

Volume still very low, sbb may need to engulf those seller at higher price in order to accumulate more amount of share.

Posted by leek > 2013-11-11 15:54 | Report Abuse

I think EPF will come "kacau" later... at least 3mil....

Posted by leek > 2013-11-11 15:58 | Report Abuse

can collect at least 6-7mil today....

Posted by hng33 > 2013-11-11 16:32 | Report Abuse

Already more than 6m in less an hour, thanks to the epf selling ....

Posted by smartly > 2013-11-11 16:35 | Report Abuse

tomorrow more selling expected.

Posted by leek > 2013-11-11 16:41 | Report Abuse

Any reason why EPF like to choose closing time to sell? So they can sell at lower price?

Posted by smartly > 2013-11-11 17:39 | Report Abuse

7.28m buyback range from 1.90-1.92, 88.7% of today's vol.
very high %.

Posted by chongbh2 > 2013-11-11 17:48 | Report Abuse

hng33 , treasury share now 5.72% plus last time cancellation 3.5% , SBB left only 0.78% is it?

Posted by leek > 2013-11-11 17:50 | Report Abuse

Retailers and FMs are still afraid of privatisation.

Posted by hng33 > 2013-11-11 18:23 | Report Abuse

chongbh2

Already mention here many time, sbb allow buy back maximum 10% of issue paid up capital, However, if any of these share is cancelled, sbb entitle to buyback additional 10% paid up capital based on revise reduce total paid up capital assuming all first 10% sbb is cancel all.

Under the maximum scenario, YTLP initial total paid up capital is about 7278m share, 10% sbb imply 727.8m share, if all 10% cancel before next AGM, total capital will reduce to 6520m and sbb entitle to buyback additional 10% or 655m share based on reduce total paid up capital 6550m. In short, YTLP sbb can under full maximum buyback total 727.8m (cancel) + 655m share = 1383 share or about 19% of total issue capital.

In current scenario, YTLP already opt for cancellation for the first tranche treasury total 3.5% (250m share), and resume sbb again until at 5.76% in treasury stock now (413.3m). Thus, sbb can still continue buyback up to 10% (7028m), based on already reduce total paid up capital by 250m or 3.5%, which is equivalent to 7278m - 250m = 7028m. The 10% is base these 702.8m compared to current treasury share 413.3m, still can buyback 289.5m share.

Remark: the above figure exclude new share arise from warrant conversion.

Posted by chongbh2 > 2013-11-11 18:34 | Report Abuse

thank hng33 so much

Posted by leek > 2013-11-11 19:10 | Report Abuse

hng33 is a good guru. #Respect

Posted by i3raymond > 2013-11-11 19:32 | Report Abuse

Agreed wholesale

Posted by leek > 2013-11-12 07:58 | Report Abuse

DJ closed green, year end rally still on...

Posted by smartly > 2013-11-12 09:37 | Report Abuse

no sign of 5m new shares disposal.

Posted by leek > 2013-11-12 09:39 | Report Abuse

waiting to sell at a higher price... or they want to be like epf always turn up at 4:30p.m and sell...