TOYOVEN (7173) Overview - TOYO VENTURES HOLDINGS BERHAD

thanks durio for the power plant information.
Main point : Toyo representative said it is ready to pay the cost of site compensation and will complete it in the second quarter of 2023.

1 month ago

Durio's info showed the keeness of the Vets to have the project started. Left to Toyoven to tie up the loose ends.

1 month ago

The power plant project is NO GO until the financial closing is secured.

1 month ago

Wealthy99

prepare to jump out from the yacht before too late

1 month ago

Jenggo Jenggo

Exploded thank u toyoven

1 month ago

In January 2021, TIGB has signed the Investment and Development Agreement (“IDA”), with China Energy Engineering Investment Corporation Limited (“CEEIC”) with the aim of providing a framework for the conditions precedent to investment and finalisation of the detailed terms and arrangements for the proposed divestment of TVHB’s equity interest in TIGB to CEEIC. However, in September 2021 during COP26, President Xi of the Republic of China made a speech to halt future investments in overseas coal fired thermal power plant. This resulted in definitive agreements with CEEIC put on hold.

In October 2022, TIGB and its wholly-owned subsidiary, Song Hau 2 Power Company Limited (“SH2P”) signed the Term Sheet for Key Commercial Terms in relation to the Engineering, Procurement and Construction, Commissioning and Start-Up of Song Hau 2 Thermal Power Plant Project with Power Engineering Consulting Joint Stock Company 2 (“PECC2”), a public listed company in the Socialist Republic of Vietnam. The Term Sheet set out all the negotiated terms and mutual agreement of the responsibilities of the respective parties and the conditions precedent, contract price, terms of payment and other terms of agreements. The signing of the Term Sheet demonstrates the commitment of TIGB to fulfil the requirements of the BOT Contract and sourcing project financing for the Power Plant Project so that the ground works at the project site can commence without further delay.

In November 2022, TIGB received a Letter of Interest from Export-Import Bank of Malaysia Berhad (“EXIM”) offering their services as Mandated Lead Arranger and Bookrunner (“MLAB”) and Coordinating Arranger (“CA”) for the Syndicated
Financing Facilities of up to USD2.42 billion for the Power Plant Project (“Proposed Financing”). EXIM shall in consultation with TIGB manage all aspects of the syndication process in relation to the Proposed Financing, including timing, the selection of potential financiers, the acceptance and allocation of commitments and the amount of distribution of fees to potential financiers.

In December 2022, TIGB and SH2P, collectively known as (“the Owner”) signed an Interim Engineering, Procurement, Construction and Commissioning Agreement (“Interim EPCC”) with Sunway Construction Sdn Bhd (“SW”/”Leader of Consortium”) and PECC2, collectively known as Sunway-PECC Consortium (“the Contractor”/”SWP2 Consortium”). The Interim EPCC set out all the negotiated terms and of the responsibilities of the respective parties and the conditions precedent, scope of work, procurement, site operations, contract price, terms of payment and other terms of agreements. This event signifies the commitment of the Owner to commence construction of the Power Plant in the shortest time possible, thus increase the certainty of the project materialising.

1 month ago

Can anyone explain how the project cost was greatly reduced from USD3.20 to USD2.40?

1 month ago

Project costs USD3.2 billion. 75% financed by debt ie around USD 2.4

1 month ago

Thanks!

ValueInvestor888
Project costs USD3.2 billion. 75% financed by debt ie around USD 2.4

1 month ago

Michael Kwok

U see wht i write before.please read.
Can toyo got ong at rm 1.05-rm 1.10.
26/1/23 2.00pm
U see now rm 1.60 range on 24/2/23
Join me sifu michael in facebook.
Charge rm 150 per month.
Better pay then loss big money,or miss oppurtunity.

4 weeks ago

"In November 2022, TIGB received a Letter of Interest from Export-Import Bank of Malaysia Berhad (“EXIM”) offering their services as Mandated Lead Arranger and Bookrunner (“MLAB”) and Coordinating Arranger (“CA”) for the Syndicated Financing Facilities of up to USD2.42 billion for the Power Plant Project (“Proposed Financing”). EXIM shall in consultation with TIGB manage all aspects of the syndication process in relation to the Proposed Financing, including timing, the selection of potential financiers, the acceptance and allocation of commitments and the amount of distribution of fees to potential financiers. "---- It has been 3 months since, should be sufficient time to close the financing deal. Vietnam side may be getting impatient. Anyone has further info on this ?

4 weeks ago

Perhaps Durio has more info to share?

4 weeks ago

Stocker

gogogo

3 weeks ago

Song Hau 2 thermal power plant is very lucrative. That is why EXIM bank willing to fund this overseas power plant project.

3 weeks ago

It is wise for Malaysia to finance this power project as it is the last few of BOT project that has the guarantee of MOIT and governed by international laws. And these PPA also has very high project IRR.

3 weeks ago

3 weeks ago

Vicky

Loss making company. Gonna melt down soon

3 weeks ago

Insiders have first hand information on the progress of the financing status.

3 weeks ago

They will buy before the news

3 weeks ago

Formal EPCC agreement signed !

3 weeks ago

Knilaobu

All boils down to whether financing can be secured! Got to wait for news from EXIM Bank now, what's the financing status.

3 weeks ago

There should be more news unfolding soon.....

3 weeks ago

SH2 power plant if successful will be a jackpot for Toyoven

3 weeks ago

Vicky

Those who greed will suffer tremendous mental distoture due to meltdown

3 weeks ago

Any news ?

3 weeks ago

Bullcoming

Could be dealer press down to collect more

3 weeks ago

firehawk

No doubt, this ctr now is the subject of manipulation .... just like JAKS five years ago :D

3 weeks ago

firehawk

WA expires on 09Nov this year end, if they keep the price above 1.50 (at least at that time), there would be conversion that could bring in >80m ..... otherwise WA would be ended as waste paper and they get nothing ;D

3 weeks ago

Very positive news! Don't forget PECC2 is a Vietnamese state-owned company. Announcement of financial closure won't be far off.

2 weeks ago

safer to enter after financial close

2 weeks ago

PECC2 is a subsidiary of Vietnam Power which is state owned.
Vietnam is in need of this power plant as they are still importing power from China and Laos.
Site compensation will complete it in the second quarter of 2023.

All these are positive signs. Share price up from 60sen to RM 1.40 in last few months. More news will be out in next few months.

2 weeks ago

Aminvest expects the financial closing to be end of Q1 2023. My expectation is Toyoven needs to get everything done before 24th June 2023 which is likely to be the 6 months extension granted after vietnam received the letter of interest from EXIM bank of malaysia.

2 weeks ago

Knilaobu

Awarding contracts are flying around everywhere. The crux of giving contracts is the source of funds, ie financing. Contractors will be very concerned on payment security, ie proof of funds, while securing financing is yet an unknown.

2 weeks ago

@ Knilaobu, are you still having your Bentayga-sized investment in Toyovan?

1 week ago

Knilaobu

With no news on certainty for FC, anybody with a reasonable mind will square off and not take position till some light seen in the FC progress. So far, hear no news, see no stars.

SVB fallout spreads around world from London to Singapore https://www.thestar.com.my/aseanplus/aseanplus-news/2023/03/12/svb-fallout-spreads-around-world-from-london-to-singapore#.ZA2hynOCAkU.whatsapp
If the collapse of 2 major banks in US continues to intensify, making liquidity even more challenging in the financial sector, apart from the ESG Act. Is there FC or fallacy!

1 week ago

Thanks for your answer.

1 week ago

I think financing for the project has been secured only waiting to be announced. I have been in and out of this company for a number of years and hope I'm right this time around for not pulling the trigger.

1 week ago

Price at 60 sen.... priced in the company is going to fail in its power plant. Price under extreme pessimism.
Price at 1.40 sen... priced in high chance to achieve financial close...
Financial close official announcement, price may break RM 2...

1 week ago

Sell on news? The immediate key resistance is 1.67.

1 week ago

Showtime in 2 weeks time

6 days ago

by the time they announce financial close, price maybe already hit RM2. Retail investors may have to chase high which is risky.

Only those dare to bet when price at around 60sen will make a lot of money. Few months ago already got some indications that project is a go...

5 days ago

YTL Power, another value buy as current price still less than 86 sen?

At current price, how many investors will buy? What if the price shoot up to RM 1.20 in next few months, how many investors will chase?

5 days ago

Has anyone worked out the revenue from the electricity supplied? Should Jaks x 2 be a good indicator?

4 days ago

Yes, it is a good indicator

teareader818
Has anyone worked out the revenue from the electricity supplied? Should Jaks x 2 be a good indicator?

4 days ago

It strikes me that the power plant project is handled by the major shareholders (creditors). It was probably their idea, to use Toyoven as the platform to secure the SH2 project. On paper, they acted as passive investors, but in actual fact, they went all out from day one. After 15 years of endeavor, they are now almost there. When their Chinese partners withdrew, I believe it was a blessing in disguise because instead of 40% they now totally own it. We now hope that they will fully maximize the benefits that can be extracted from this project.

3 days ago

creditors or investors accept the “ICULS” at RM 1.25 as settlement may mean price can hardly go below that. Any price around that price is a buy.

3 days ago