TOYO VENTURES HOLDINGS BERHAD

KLSE (MYR): TOYOVEN (7173)

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Last Price

0.67

Today's Change

-0.01 (1.47%)

Day's Change

0.66 - 0.69

Trading Volume

266,900


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2,102 comment(s). Last comment by Knilaobu 2 days ago

Posted by ValueInvestor888 > 2 months ago | Report Abuse

unless power plant cannot be approved and proceeded, current price is still very very cheap with potential 5x return...

Knilaobu

22 posts

Posted by Knilaobu > 2 months ago | Report Abuse

@hng33, thanks for the updates, based on your comments, Toyo's Financial Closure is a done deal. We are hoping for Toyo to make the next big announcement , when they are having the ground breaking ceremony and starting construction. Till now, Toyo has not announced yet who is their appointed main contractor, we are all waiting for this big news!

hng33

18,466 posts

Posted by hng33 > 2 months ago | Report Abuse

Financial close mean banking satisfy all preconditions given in documents on BOT, business viability and Vietnam government legal support etc. Banking now agree to offer funding to buit power plant project worth RM 13billion, likely in 20% equity :80% bank borrowing

It is now pending toyo JV China partner to accept the banking offer. At the same time, toyo also need to seek shareholder approval to divest 60% stake to china partner in coming EGM, in which toyo plan to use these proceed from divestment as initial funding portion to fund its equity share to start power plant construction

hng33

18,466 posts

Posted by hng33 > 2 months ago | Report Abuse

The next step will be award of contract. It will follow step like jaks in which china partner with grab main EPC contract cover main construction, whereas toyo will get EPCC 2 cover ancillary civil work, which later subcontract back to china partner.

hng33

18,466 posts

Posted by hng33 > 2 months ago | Report Abuse

The structure will be 2100MW project owner is toyoink, toyo control 40%, china partner control 60%

Posted by ValueInvestor888 > 2 months ago | Report Abuse

@hng33, how confidence are you that this financial close will get govt approval? I believe project partner is still CEEC and they want to be very low profile this round.

hng33

18,466 posts

Posted by hng33 > 2 months ago | Report Abuse

Vietnam government need increasing power supply to support its growing economy. Among all power tyoe, coal fire is most economic viable and most reliable source of power if compared to solar, gas, wind etc. Hydro even is cheaper but limit by natural resources.

However, due to limit budget, Vietnam adpot BOT model to facilitate and expedite power development.

The key success is available support funding from private to offer financing, if without funding, gov support is useless.

Therefore, if power plant owner able to find funding, Vietnam gov is more than happy to support and prompt fast delivery as soon as possible.

Knilaobu

22 posts

Posted by Knilaobu > 2 months ago | Report Abuse

@hng33, though we hardly can understand what is EPC contract, EPCC2 contract, sub-back to Toyo thingy, we are now more concerned of our recoupment of our investment in Toyo shares. We are all hoping for the best if the project can kick off.

Just88

192 posts

Posted by Just88 > 2 months ago | Report Abuse

This is the final attempt to get the project going failing which will be devastating for Toyo. While I m optimistic, I always take care of the downside before counting my upside potential gain. My opinion is that the upside potential is huge and the downside is almost total loss, unfortunately. Without much details from the management, I remain skeptical of the success rate of the deal as the project cost is gigantic RM14 billions. Can Toyo realize a project which is 200 times its current size ? I believe many of you are skeptical as well. But I m still hoping for the best.

Just88

192 posts

Posted by Just88 > 2 months ago | Report Abuse

Normally, a formal JV with a delivery partner is signed before securing financial closing but not in Toyo's case.

Just88

192 posts

Posted by Just88 > 2 months ago | Report Abuse

Also, did Toyo seek further time extension to secure financial closing ? Why wasn't it granted further time extension ?

hng33

18,466 posts

Posted by hng33 > 2 months ago | Report Abuse

hahaha, don coward head, do own homework, free to raise query direct to Toyo to address your concern

HEAD OFFICE (INVESTOR RELATION)
For inquiries relating to stock & company's information please reach the IR team at:
Toyo_IR@toyoventures.com.my
603- 8942 3335

Posted by ValueInvestor888 > 2 months ago | Report Abuse

i also think chance is very high to get final approval for the financial close esp when their Prime Minister also visited the site lately. Now Euro faced great problem for gas fired power plant. I don't think gas power plant is a good option now.

Posted by ValueInvestor888 > 2 months ago | Report Abuse

Toyo did ask for extension of time. Just they keep very low profile esp CEEC, project partner.

With reference to the Company’s announcement made on 29 December 2020 on the execution of the BOT Contract with the Ministry of Industry and Trade of the Socialist Republic of Vietnam (“MOIT”) and the Government Guarantee (“GGU”) with the Government of the Socialist Republic of Vietnam for the investment and development of “Song Hau 2 Thermal Power Plant Project” in Vietnam (“the Project”), the Board of Directors of TVHB wishes to announce that the Company’s wholly-owned subsidiary, Toyo Ink Group Berhad is in the midst of preparation of the relevant documents to meet the financial close which was extended to 24 June 2022 by the MOIT vide their letter dated 21 March 2022. The meeting of the performance of the financial obligations would need MOIT approval.

TVHB will make the necessary announcement on the progress of the Song Hau 2 Thermal Power Plant Project to Bursa Securities in due course.

This announcement is dated 24 June 2022.

Posted by ValueInvestor888 > 2 months ago | Report Abuse

Probably they choose not to announce details coal power plant is very sensitive as coal power plant is very sensitive politically and environmentally (avoid environmental lobby groups from making noise). If i were the mgt, i will choose to be low profile

hng33

18,466 posts

Posted by hng33 > 2 months ago | Report Abuse

Of course need low profile now as major shareholder yet to control 59% company through 5 year, 0%, ICUS, which form part of its capital advance for toyo. It need to implement as fast possible before power plant start COD.

Without controlling stake, toyo is gold mine for other to take over due to small capital base.

Major shareholder already advance RM 400m, 0% to toyo, which itself capital outlay 130m to secure these mega project. The generosity major shareholder needs to be awarded handsomely. Even with fully diluted share base still extreme small if compared to massive profit to be recognzied during construction period and concession period

hng33

18,466 posts

Posted by hng33 > 2 months ago | Report Abuse

The original plan is toyo issue ICUS to settle major shareholder advance capital via issurance ICUS at 1.20/share, convertible only after 5 year with 0% interest, enlarge major shareholder stake from 13% to 59%. Major shareholder willingness to accept toyo share at 1.20/share if compared to current market price and willingness to wait another 5 year later + earlier 10year, all come with 0% indeed is respectful major shareholder integrity

hng33

18,466 posts

Posted by hng33 > 2 months ago | Report Abuse

The solid toyo major shareholder integrity is upper class if compared to jaks major shareholder. Jaks reward major shareholder himself with free 30% jaks share through incentive share grant, benefit owe at expense of all minority shareholder

Just88

192 posts

Posted by Just88 > 2 months ago | Report Abuse

Coward head, if you don't know, do you homework properly. Don't mislead people. Where got 30% free shares for Jaks major shareholder. Total LTIP is 15% of which only 60% can be given free. The rests are ESOS where recipients have to pay at certain prices.
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hng33

The solid toyo major shareholder integrity is upper class if compared to jaks major shareholder. Jaks reward major shareholder himself with free 30% jaks share through incentive share grant, benefit owe at expense of all minority shareholder

Just88

192 posts

Posted by Just88 > 2 months ago | Report Abuse

I mean whether Toyo applied extension beyond 24 June 2022 as the financial closing was only secured on 6 July 2022.
*************
ValueInvestor888
Toyo did ask for extension of time. Just they keep very low profile esp CEEC, project partner.

hng33

18,466 posts

Posted by hng33 > 2 months ago | Report Abuse

Hahaha, undet jaks 30% incentive plan, be given as share option via cheap esos or share grant via free share, all are considered expense incur by company, eroding company profit at expense minorities.

After 5 year later, it can have another round of new 30% incentive plan to benefit jaks major shareholder, all at expense minorities.

Through these selfishness incentives plan, jaks major shareholder can gradually increase it stake at minimum cost as possible, pose huge dilution to minorities

Such low class tactics is sharp contrast if compared to toyo major shareholder. It unselfish and generosity to advance capital without interest cost, greatest and patience effort to ensure successful power plant is highly respectful. Toyo even further willing to settle its advance through 1.20 share price, 50% higher than currency market price and willing to wait further 5year until COD to avoid dilution earning which will offset once massive profit start recognised from power generation.

Although the plant have yet to commence if compared to jaks, but toyo mega power plan is 2x higher capacity than jaks, gestation period now finally come to fruition pending confirmation later, and construction should start by early next year.

greatwall

581 posts

Posted by greatwall > 2 months ago | Report Abuse

Just88@...which is better toyo or jaks?

Just88

192 posts

Posted by Just88 > 2 months ago | Report Abuse

greatwall, I hold more Jaks than Toyo. As of now, Jaks is low risk while Toyo is high risk simply because Jaks' power plant has already began commercial operation and Jaks will have consistent RM150m to RM200m profit sharing annually for the next 24 years, while Toyo is still waiting for Vietnam approval and a formal JV partner to take on the construction of the power plant which will take 48 - 54 months to build. If you are referring to potential return on share investment, toyo which has much higher risk will have much higher return if it is successful in getting the project going failing which your investment may suffer total loss as Toyo has sailang everything on Song Hau 2 power plant project.

***************************
greatwall

Just88@...which is better toyo or jaks?

3 minutes ago

Knilaobu

22 posts

Posted by Knilaobu > 2 months ago | Report Abuse

For those who have bought Toyo shares, so are we, at RM1 and above will be in suspend mode, with no clear direction, which way Toyo is heading to, is the project still on, if it is, how much longer to wait. @Just88, the Toyo sailang everything scenario is worrisome, if it happens, hell gonna break loose.

greatwall

581 posts

Posted by greatwall > 2 months ago | Report Abuse

Pray hard for good news

Posted by ValueInvestor888 > 2 months ago | Report Abuse

The Song Hau Coal Fired Power Plant II is 2,120MW coal fired power project. It is planned in Hau Giang, Vietnam. The project is currently in permitting stage. It will be developed in multiple phases. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2025.

The project is being developed by China Energy Construction Group and Toyo Ink Group. The project is currently owned by Toyo Ink Group.

It is a steam turbine power plant. The power plant can run on dual-fuel. The primary fuel being used to power the plant will be coal. In case of shortage of coal the plant will run on Diesel Oil.

The project cost is expected to be around $3,500m.

Development Status

The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2025.

Posted by ValueInvestor888 > 2 months ago | Report Abuse

The beauty of this power plant is it can run on dual-fuel. The primary fuel being used to power the plant will be coal. In case of shortage of coal the plant will run on Diesel Oil. This is a good power plant and high chance govt will approve. Many Europe gas power plant covered to oil power plant due to shortage of natural gas.

hng33

18,466 posts

Posted by hng33 > 2 months ago | Report Abuse

:D)

Knilaobu

22 posts

Posted by Knilaobu > 2 months ago | Report Abuse

@hng33, thanks for info :)-
HEAD OFFICE (INVESTOR RELATION)
For inquiries relating to stock & company's information please reach the IR team at:
Toyo_IR@toyoventures.com.my
603- 8942 3335

will drop them an email to seek further clarification and updates of the project status. We are all hopeful to recoup our investment.

hng33

18,466 posts

Posted by hng33 > 2 months ago | Report Abuse

What is your cost? I only bought last week 2 batch, at 70-71sen and 75sen

hng33

18,466 posts

Posted by hng33 > 2 months ago | Report Abuse

All we need to know is awaiting toyo EGM notice, to divest 60% to china partner, formally start JV and accept banking facilities offer to start construction begin next year.

All become fruition in a matter of few nonth

Knilaobu

22 posts

Posted by Knilaobu > 2 months ago | Report Abuse

@hng33 Bought in price from RM1 - RM1.20 in multiple transactions, equivalent to a unit of Bentayga V8 version.

Knilaobu

22 posts

Posted by Knilaobu > 2 months ago | Report Abuse

@hng33 fingers crossed now. if can recoup and return of a Maybach equivalent soon?

Posted by ValueInvestor888 > 2 months ago | Report Abuse

toyo is on the way to RM 1....

Jaks still struggling with property and construction loss of RM 40m- 50m per year... despite power plant can bring them RM 150m profit...

hng33

18,466 posts

Posted by hng33 > 2 months ago | Report Abuse

Everyone will get rewarded handomely

winlast

476 posts

Posted by winlast > 2 months ago | Report Abuse

Coming Monday , can see the price of Toyo surging higher

winlast

476 posts

Posted by winlast > 2 months ago | Report Abuse

Tomorrow going up to RM 80cts , not problem lah

hng33

18,466 posts

Posted by hng33 > 2 months ago | Report Abuse

sold at 77-78sen, bought back at 72sen

Michael Kwok

4,598 posts

Posted by Michael Kwok > 2 months ago | Report Abuse

There a minor rebound(2-3 cents) but it will down back.Sell call 74 cents tuesday.25 july.5.20pm.

Posted by teareader818 > 2 months ago | Report Abuse

Time to move up again?

winlast

476 posts

Posted by winlast > 2 months ago | Report Abuse

Bankers are very smart in scaring those retails investors

hng33

18,466 posts

Posted by hng33 > 2 months ago | Report Abuse

Today cut toyo at 67-69sen

hng33

18,466 posts

Posted by hng33 > 2 months ago | Report Abuse

TA weakness

William Ng

758 posts

Posted by William Ng > 1 month ago | Report Abuse

downtrend. run..

$$ BUYSELL $$

1,000 posts

Posted by $$ BUYSELL $$ > 1 month ago | Report Abuse

today very good closed 0.74 cents tomorrow rock n' roll.

mf

26,481 posts

Posted by mf > 3 weeks ago | Report Abuse

European markets set to slump at the open as recession fears grow

deMusangking

4,691 posts

Posted by deMusangking > 2 days ago | Report Abuse

brewing?

Knilaobu

22 posts

Posted by Knilaobu > 2 days ago | Report Abuse

pls read this latest news update from China Development and Reform Council dated 22nd September 2022 on coal fired power plants, may send chills down the spine to Toyo
https://chinadialogue.net/en/energy/chinas-no-new-coal-power-overseas-pledge-one-year-on/
Toyo has not updated on progress status of their Vietnam power plant till to-date, coming to year end already.

Knilaobu

22 posts

Posted by Knilaobu > 2 days ago | Report Abuse

An excerpt from the link:
https://chinadialogue.net/en/energy/chinas-no-new-coal-power-overseas-pledge-one-year-on/
............And apart from the 15 Chinese-built or funded coal power projects that were cancelled between September 2021 and April 2022, the country made no overseas coal power investments in 2021 or the first half of 2022...........

The FC status of Toyo coal-fired power plant ?

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