Posted by hng33 > 2014-01-12 17:17 | Report Abuse

发电厂Project 3B项目 杨忠礼电力竞标领跑

财经新闻
2014-01-12 09:35

（吉隆坡11日讯）据悉，杨忠礼电力（YTLPOWR，6742，主板基建股）已成为总值110亿令吉煤炭发电厂Project3B项目竞标的领跑者，以兴建2000兆瓦（MW）的燃煤发电厂。

财经周刊《The Edge》翻阅报告发现，杨忠礼电力已被推荐为能源委员会（EC）的首选竞标方，因该公司所提出的已调整名义电费为每度（kWh）25.23仙，是最低的竞投价格。

根据在12月中呈交给能源委员会的分析报告，一个大马发展有限公司（1MDB）排在第二顺位，已调整电费为每度25.65仙。

而马矿业（MMCCORP，2194，主板贸服股）旗下的马拉卡（Malakoff）及国家能源（TENAGA，5347，主板贸服股），则分别以每度26.74仙和28.67仙，排在第三和第四顺位。

已调整电费是基于竞标方的开标价格，在任何有遗漏和变化的假设中所调整后的价格。

本周公布结果

根据领域消息，能源委员会将在本周展开会议，以决定首选竞标方，估计会在1月20日公布结果。届时，首选竞标方，将与国能完成能源收购协议（PPA）的协商。

假设杨忠礼电力成功赢得项目，对其而言是个突破，因为该公司虽然是大马首个独立发电商（IPP），惟在过去二十年却从未在国内赢得一项发电项目。

然而，领域业者认为，上述竞标方将无法享有和第一代独立发电商般的高回酬率，因后者是通过直接协商获得项目，故可享有较高的回酬。

惟基于Project 3B项目是通过公开竞标颁发，因此，出现更多具有竞争力的价格。

Posted by leek > 2014-01-13 09:48 | Report Abuse

Ok... park to buy at 0.70

Posted by leek > 2014-01-13 09:50 | Report Abuse

The mother not so hot though.... will buy smaller amount of the son for now...

Posted by hng33 > 2014-01-13 10:06 | Report Abuse

Sbb seem have yet to take action. But if YTLP can stay above 1.90 by these week, once new confirm YTLP secure 3b project next week, likely share price will surpass RM 2.00 and reach next target at RM2.20. If materialize, wb will once again trade above RM 1.00 after 2 year ago

Posted by smartly > 2014-01-13 10:32 | Report Abuse

beautiful !!!

Posted by leek > 2014-01-13 10:41 | Report Abuse

Buy buy buy at 0.705

Posted by smartly > 2014-01-13 11:08 | Report Abuse

0.705 not worth anymore.
sell first then buy back.

Posted by hng33 > 2014-01-13 11:09 | Report Abuse

Stay invested, hold on for a ride on news confirm next week

Posted by smartly > 2014-01-13 11:10 | Report Abuse

at 0.705, son trade at a premium with mum stay at 1.90.
prefer to take profit first, unless sbb buy up the mum.

Posted by Peter5151 > 2014-01-13 11:12 | Report Abuse

1MDB...do you think YTLP can win ?

Posted by smartly > 2014-01-13 11:21 | Report Abuse

if politically intevene, most likely 1MDB will win.
but i hope ytlp will win.

Posted by hng33 > 2014-01-13 11:53 | Report Abuse

1MBD (PM, Najib) vs. YTLP+SIPP (Sultan, Johor)

Posted by hng33 > 2014-01-13 11:54 | Report Abuse

Up to now, there is still no apparent sbb yet !!??

Posted by hng33 > 2014-01-13 11:56 | Report Abuse

If YTLP trade sideline again, current positive gain in wb may pare down to follow later

Posted by Peter5151 > 2014-01-13 11:58 | Report Abuse

Hgh33, do u still hold on?

Posted by hng33 > 2014-01-13 12:00 | Report Abuse

1MDB has strong relation with PM, it is under his term IMDB emerge, Aside have interest in power plant, Tun Razak exhange and former air-force base in sungai besi also all under 1MDB now

Posted by hng33 > 2014-01-13 12:01 | Report Abuse

In Malaysia, anything is possible though.....political influence play greater part than merit...:(

Posted by hng33 > 2014-01-13 12:03 | Report Abuse

Compared with Najib, i think YTLP is more closer to Mahatahir

Posted by hng33 > 2014-01-13 12:06 | Report Abuse

Peter5151

Still hold on most of it, awaiting for miracle...project 3b

Posted by Peter5151 > 2014-01-13 12:11 | Report Abuse

I hope ytlp win, but likely go to 1mdb, as 1mdb need this project to go ipo in order to reduce the huge debt..

Posted by hng33 > 2014-01-13 13:53 | Report Abuse

That is my worry......Nowadays, many issue are screw up by political influence, which could exaggerated particular by Top leader pet 1MDB vs. YTLP

Posted by Peter5151 > 2014-01-13 14:14 | Report Abuse

Having said that, it's still worth to bet on wb, as the reward is huge if ytlp win

Posted by hng33 > 2014-01-13 14:43 | Report Abuse

YTLP become unchanged, with big seller q at 1.90....sbb still apparent. perhaps can take some profit on wb first and buyback later :)

Posted by hng33 > 2014-01-13 14:44 | Report Abuse

sorry, sbb still yet to show up

Posted by hng33 > 2014-01-13 14:46 | Report Abuse

sbb coming

Posted by smartly > 2014-01-13 14:48 | Report Abuse

sbb is in.

Posted by Peter5151 > 2014-01-13 14:52 | Report Abuse

Actually, how do sure it's sbb buying? Thx

Posted by hng33 > 2014-01-13 15:01 | Report Abuse

Just prediction only lar.....sbb tend to engulf all seller in big volume or keep top up buy order in small volume.

Posted by smartly > 2014-01-13 15:14 | Report Abuse

just keep monitoring, if 1.90 vol big > 5000units, if being eaten up, most likely it is sbb.

Posted by smartly > 2014-01-13 15:48 | Report Abuse

1.90 q almost hitting 5000, sbb will wallop all i think.

Posted by smartly > 2014-01-13 15:50 | Report Abuse

ok see if sbb make the move now...

Posted by smartly > 2014-01-13 16:01 | Report Abuse

yes, 5k taken but sellers still there at 1.90.

Posted by smartly > 2014-01-13 16:05 | Report Abuse

another 5k to be taken up by sbb at 1.90 soon.

Posted by leek > 2014-01-13 16:44 | Report Abuse

Wa.... huge roadblock at 1.90

Posted by smartly > 2014-01-13 16:54 | Report Abuse

sbb not taking the huge vol there at 1.90.
today's quota filled ?

Posted by leek > 2014-01-13 16:56 | Report Abuse

Haha.... false alarm this morning? I bought some wb at 0.705... huhuhu

Posted by Fat Cat Tim Buddy > 2014-01-13 16:59 | Report Abuse

leek.. wuwuwuwu.. lol

Posted by leek > 2014-01-13 17:00 | Report Abuse

Fat cat.... Jerry comes n eat u soon.... hahaha

Posted by Fat Cat Tim Buddy > 2014-01-13 17:05 | Report Abuse

mouse eat cat? kikiki...

Posted by ta5851 > 2014-01-13 17:20 | Report Abuse

Funny, how come today they don't want to take up 1.90......Emmmmmm

Posted by hng33 > 2014-01-13 17:21 | Report Abuse

Sold partial wb at 70sen, realize handsome paper profit first, swap to buy UOAdev at 1.87

Posted by chongbh2 > 2014-01-13 17:33 | Report Abuse

hng33 , SBCCORP and PJDEV also good chance!

Posted by smartly > 2014-01-13 18:00 | Report Abuse

sbb range 1.89 - 1.90. 1.8m bought. 62% of today's vol. 8.82% in treasury.

Posted by hng33 > 2014-01-13 18:10 | Report Abuse

chongbh2

UOADEV is expect to declare 13-14sen dividend next month, translating to net yield 7%. Current selldown is trigger by EPF, but its seem UOAdev share price has reach bottom already

Posted by leek > 2014-01-14 11:58 | Report Abuse

Hmmm... tomorrow buy more YTLP-WB.... Huatt lai liao....

Posted by cgtan2020 > 2014-01-14 12:29 | Report Abuse

leek any info?

Posted by ta5851 > 2014-01-14 13:00 | Report Abuse

Francis Yeoh's YTL frontrunner to win RM11 BIL power plant deal?

YTL Power International Bhd is the front-runner to win a multi-billion ringgit contract to build a power plant, AmResearch said in a report.

AmResearch advises investors to hold YTL shares, which the research firm values at RM1.86 apiece, as it expects the Energy Commission to announce the winning bidder by next Monday.

"The plant, potentially costing RM11 billion, is scheduled to commence operations in stages in October 2018 and April 2019," it said.

YTL is seen as the preferred bidder, given that its notional adjusted tariff of 25.2 sen/kWh was the lowest bid.

YTL had proposed for the project to be built in Tanjung Tohor, Johor, together with SIPP Power Sdn Bhd, AmResearch said.

The research house also noted that if YTL wins the project, as expected, incremental earnings alone could come in at RM260 million, based on YTL's 60 per cent ownership in the venture. BT

Full article: http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=213432:francis-yeohs-ytl-frontrunner-to-win-rm11-bil-power-plant-deal?&Itemid=3#ixzz2qLV2AJyx
Follow us: @MsiaChronicle on Twitter

Posted by cgtan2020 > 2014-01-14 13:36 | Report Abuse

Breakdowns
RMmil
Pow er generation - DCF of Paka and Pasir Gudang pow
er plants at 10% cost of equity 571.5
Wessex Water - based on 1x EV/RCV (ex change rate of
RM4.80=GBP) 4,040.8
33.5% stake in Electranet- 1.5x estimated net book
v alue
712.2
DCF of 20%-equity stake in PT Jaw a Pow er at 10% cos
t of equity
451.9
DCF for Pow er Seray a at WAC of 8%, IRR of 10%
9,733.1
60%-stake in YTL Communications (WiMax ) (1x book v a
lue)
1,500.0
Net assets as at 30 June 2012
8,637.8
Less cost of subsidiaries and associates
(11,271.8)
Basic SOP
14,375.5
Basic no of shares (m illion)
7,328.3
Basic SOP per share (RM)
1.96
Proceeds raised/debt converted
2008/2018 new w arrants (ex ercise price at RM1.21)
1,433.6
ESOS (assume av erage ex ercise price at RM1.80)
240.4
Total cash (include cancelled debt) from dilution
1,674.0
Diluted SOP
16,049.5
Basic no of shares as at 30 June 2012 (million)
7,328.3
2008/2018 new w arrants (million)
1,184.8
ESOS unex ercised (million)
133.6
Enlarged share base- assume full exercise of all wa
rrants/convertibles 8,646.6
Fully diluted SOP/share (RM/share)
1.86


This is AmResearch SOP calculation. If based on all treasury share will be cancelled as of last Friday and also the previous cancelled shares. The SOP per share will be at RM2.04.

Posted by cgtan2020 > 2014-01-14 19:16 | Report Abuse

http://klse.i3investor.com/servlets/staticfile/232666.jsp

Posted by hng33 > 2014-01-14 22:32 | Report Abuse

Its seems many research have no intention to upgrade call even if YTLP secure project 3B ...:(