TOYO VENTURES HOLDINGS BERHAD
KLSE (MYR): TOYOVEN (7173)
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Last Price
1.46
Today's Change
-0.01 (0.68%)
Day's Change
1.42 - 1.47
Trading Volume
49,500
Overview
Market Cap
172 Million
NOSH
118 Million
Avg Volume (4 weeks)
328,836
4 Weeks Range
1.22 - 1.57
4 Weeks Price Volatility (%)
68.57%
52 Weeks Range
0.555 - 1.67
52 Weeks Price Volatility (%)
81.17%
Previous Close
1.47
Open
1.47
Bid
1.42 x 9,300
Ask
1.46 x 12,700
Day's Range
1.42 - 1.47
Trading Volume
49,500
Financial Highlight
Latest Quarter | Ann. Date
30-Jun-2023 [#3] | 29-Aug-2023
Next QR | Est. Ann. Date
30-Sep-2023 | 30-Nov-2023
T4Q P/E | EY
268.51 | 0.37%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
1.21 | 1.21
T4Q NP Margin | ROE
0.74% | 0.45%
News and Blogs
Company Profile
Sector: INDUSTRIAL PRODUCTS & SERVICES
Sector: INDUSTRIAL PRODUCTS & SERVICES
Subsector: CHEMICALS
Subsector: CHEMICALS
Description:
Toyo Ventures Holdings Bhd is a Malaysia based investment holding company engaged in manufacturing business, and operation of power plant business. The group's two business segments are Manufacturing segment, which contributes majorly to the revenue of the company, and Trading an investment holding segment. Manufacturing segment includes manufacturing of printing ink, colour pigment, colourants for plastic, EDM cut-wire and graphic art, CNC machining of graphite and copper EDM electrodes, files, and chemicals. The company is also into production of electrical discharge machining tools, graphite materials and 3D profile metal components, through its subsidiaries. The group operates in Malaysia, Indonesia, and Vietnam of which revenue from Malaysia serves as the key revenue driver for the company.
Discussions
Be the first to like this. Showing 50 of 2,290 comments
They still have time to fulfill construction deadline as set by the Viet Government
First, financial close by this or latest next month ;)
1 month ago
Sông Hậu-2
In April 2011, Toyo Ink Group Berhad, the Malaysian branch of Japan's Toyo Ink Group, announced that it would be pursuing the development of the two-unit, $3.5 billion, 2,000-MW Sông Hậu-2 plant, after provincial authorities approved the company's proposal.[21] In January 2012, Toyo Ink signed a consultancy agreement with Vietnam's Power Engineering and Consulting Joint Stock Company 2 for the construction of the plant.[22]
In August 2013, Toyo Ink signed a memorandum of understanding with the Ministry of Industry & Trade for construction of the plant. The plan calls for the first unit to come online in 2021, and the second in 2022. The Ministry stated that it would sign a build, operate, & transfer (BOT) agreement with Toyo Ink as soon as the latter lined up coal suppliers and electricity sales agreements; Toyo Ink stated that it expected the BOT agreement to be finalized in 2014. Coal would be imported from Indonesia or Australia. Industry experts apparently believed that negotiating the power price with Electricity of Vietnam would take time, and would potentially lengthen this time frame.[23]
As of mid-2015, the BOT agreement had apparently not yet been finalized. In July 2015, Toyo Ink sought shareholders' permission to spend an additional $35 million on consultancy costs for Sông Hậu-2.[24] In October 2016, provincial officials noted that site clearance was behind schedule, and called on district officials to strengthen the procedures for resettling people living on the site.[25]
In January 2017, Toyo Ink signed a land lease agreement with the Vietnamese authorities for the plot on which the power plant will be located. The project had an estimated project cost of US$3.45 billion, and Toyo Ink said it was looking at jointly developing the project via a special purpose vehicle (SPV) with a partner, but will retain a 40% equity interest to remain the single largest shareholder of the project. The SPV will fund about 25% of the total cost, while the remaining 75% will be financed via bank borrowings.[26]
In February 2017, Vietnam’s Ministry of Natural Resources and Environment approved Toyo Ink’s environmental impact assessment for the Song Hau 2 coal plant.[27]
In a visit to the area in March 2017, Vietnam's Deputy Prime Minister called for accelerated price negotiations to help speed up the project.[28]
As of late November 2017, the BOT contract had not yet been signed, and the EIA was being revised.[29]
In September 2018, Toyo Ink estimated that the plant would be commissioned by 2025.[30] In June 2019 the completion date for Sông Hậu-2 was listed as 2024 in the Ministry Of Industry And Trade's report on the implementation of the revised seventh Power Development Plan (PDP7).[31] In February 2020 the National Steering Committee stated that Unit 1 was scheduled to be commissioned in Q1 2025 and Unit 2 in Q2 2025.[32]
3 weeks ago
As of early March 2020, there were no indications that financing for the Sông Hậu-2 plant had been secured.
In December 2020 it was announced that Toyo Ink had signed the BOT contract with Vietnam's Ministry of Industry and Trade for the Song Hau 2 project, with a government guarantee from the Vietnamese government also attached to the deal. The government guarantee includes protection for the company against default on all Vietnam project counterparties, changes in law and government event risks. Further guaranteed is at least 30% of the conversion from Vietnamese Dong to US dollars for the project’s tariff revenue that is received under the power purchase agreement after deducting all operational expenditures. The Vietnamese government has also granted the project tax incentives, including favourable corporate income tax rates and exemption from import duties. Toyo said that the estimated US$3.23 billion project costs "will be financed via a mix of debt and equity financing. The board is still in the midst of reviewing various investments and funding options, including identifying strategic investors and other suitable parties to co-invest in the project."[33]
In January 2021, Toyo Ink announced that it was partnering with China Energy Engineering Corporation, a Chinese state-owned enterprise, to develop Song Hau 2. The two companies had entered into an investment and development agreement, through which China Energy would acquire an equity stake in the project.[34]
In May 2021, the People's Committee of Hau Giang province was working on plans to resettle 714 households to clear the construction site of Sông Hậu-2.[35]
An October 2021 report by GreenID lists the Sông Hậu-2 power station as one of 18 coal-fired power stations in Vietnam that was struggling to secure financing. Given that China, Japan, and South Korea have all committed to stop financing new coal-fired power stations, it will be extremely difficult for any of these projects to secure funding in the future.[36] In March 2022, Report No. 1562 by the Office of the Government of Vietnam stated that the plant was financially troubled.[37]
In January 2023, IJ Global wrote that Toyo Ink targets to arrange $2.4billion syndicated financing facilities with a debt/equity ratio of around 75.25. Export-Import Bank of Malaysia was signed up in November 2022 as the MLA, bookrunner and arranger for the project's debt financing.[38]
In February 2023, Toyo Ink was continuing to pursue the project. They claimed to have (Google translate): "a solution to solve the problem of funding for compensation and resettlement remaining". The investors and developers stated that they were awaiting approval by the Ministry of Industry and Trade.[39] 742 households impacted by Sông Hậu-2 were to be resettled in the Mai Dam Resettlement Area.[40]
In March 2023, Toyo Ventures stated that a US$86 million operation and maintenance contract for Sông Hậu-2 had been awarded to Power Engineering Consulting Joint Stock 2 (TV2). This was in addition to a US$2.42 billion construction contract awarded one week prior. Toyo Ventures also stated that the Export-Import Bank of Malaysia had offered to be the "mandated lead arranger and bookrunner and coordinating arranger for the syndicated financing facilities of up to US$2.42 billion for the construction of the power plant". The project was expected to be operational within four and a half years of construction start.[41]
3 weeks ago
Good volumes at and off low the past 2 days.
Good announcement coming after market closed? 😆
3 weeks ago
Proposed ESOS for 5+5 years @ illustrative option price 1.16;
Management ready to remunerate themselves, ahead of the financial close!
Settlement ICULs @ 1.20;
Toyo's low has already in place, only way is Up Up Up 😎
3 weeks ago
Less and less sellers for mother share
Stock cornered
Banker keeps accumulating
2 weeks ago
ESOS application swiftly submited
Insiders cant wait to take advantage of the post-announcement rally? 😂
2 weeks ago
The way bankers stealthily eating up, I think the week will ends with a flourish 😋
Eagerly look forward to next week price actions 😎
1 week ago
Court gives decision on summary disposal today
Positive, share price up;
Negative, full trial, will take years
1 day ago
Lol, less and less impulsive sellers
Only tactful sellers left at this level 🤠
18 hours ago
Think they gonna make their warrants in-the-money
I mean which company doesn't like their warrants be converted....especially in time of cash-strapped and cash-hungry? 😂
17 hours ago
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Expiry date = 06/11/2023 (~3 months left)
Exercise price = 1.50
If they keep the price above 1.50 (at least at that time), there would be conversion that could bring in >80m (53.495m x1.50) ..... otherwise WB would be ended as waste paper and they get nothing ;D
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