the support is extremely strong.....

true..those who hold tight..well done! selling while having dragon328's genuine advising would be a dumb move

Posted by troy88 > Aug 25, 2023 4:48 PM | Report Abuse

Cunning operator and sharks ate up bilis for breakfast with sell on news scare tactics..

confirm..

RM 2 by next week - most likely

he he..ok great

yup, the going forward powerseraya contribution you calculated is exactly as i thought...dividend 15 cents per annum should be easily achievable

thanks dragon328, its amazing how fast you could come up with such a write up after the results out today....

pang72 cakap memang betui! pinky too...

thanks dragon328

yup...we wait for sifu dragon328 to comment on both YTL and YTLP

YTL dividend beats YTLP

EPS 13.96!!

you said results today earlier and said invitation was sent yday...

Posted by BursaMaster121212 > Aug 23, 2023 11:16 PM | Report Abuse

tomorrow will report very strong results.

Rebecca Yeoh had just send out invitation to all the fund manager....prepare for celebration

@dragon328, thanks..i had the same thinking from the info you had been sharing earlier and now i am even more aligned with you thoughts...thanks

@dragon328, comparing YTLP with YTL at current pricing and prospect you see, which stock will you put more weightage?

you are free to say you dont know as i know it can be a difficult answer..he he

he he..its always fun seeing pang72 comments..

Posted by pang72 > Aug 21, 2023 10:16 AM | Report Abuse

Sudah tak tahu mahu cakap apa!!
Salam kepada semua winner...

good closing

you need to add fuel cost and supply tightness (or demand) into the factors affecting margin, not including hedging and long term contracts they may have...

Posted by cgtan2020 > Aug 9, 2023 4:10 PM | Report Abuse

Anyone doing detail analysis of the USEP Q to Q and see how YTLP power Seraya Q to Q profits correlate to each other? @xiaochen @hng33 @dragon328

natural gas price has come down a lot and last quarter earnings was not based on such cheap fuel cost (as they had hedged in advance)...

https://tradingeconomics.com/commodity/natural-gas

using current fuel cost, even at wholesale price of 167Mwh will be extremely profitable

Powerseraya margin is derived from its competitive advantage against other power gen, as long as there is high demand, it will continue to make significant profits...nothing to do with fuel cost or wholesale energy price which is automatically taken care by competitors

1.55 , 2M plus shares sapu...interesting

The Energy Market Authority (EMA) is inviting proposals to build, own and operate a gas-fired power plant for operations by 2028, it said in a statement on July 31

https://www.theedgesingapore.com/news/singapore-energy-market/ema-seeks-bid-new-power-plant-introduces-minimum-net-worth-electricity

this means the current gas-fired power plant electricity producers will remain highly profitable for next 5 years at the minimum and beyond to justify such new investment

ok dragon328, thanks

ok hng33..thanks

@dragon328 or @hng33, may be can check out with management why the YTL corp in Japan exchange had shot up over 35% within last 3 days.....

i believe all the while it was matching Bursa price earlier

https://www.google.com/finance/quote/1773:TYO

https://www.xe.com/currencyconverter/convert/?Amount=45&From=JPY&To=MYR

yup, dragon328 is a gem

just sharing some old news (2007) to see YTL management view earlier on listing

https://www.reuters.com/article/ytl-listing-idUKKLR31301220070313


KUALA LUMPUR, March 13 (Reuters) - Malaysian energy to construction firm YTL Corp YTLS.KL may list its shares overseas if it cannot eliminate the chronic under-valuation in its locally listed stock over the next five years, its boss said on Tuesday.

Managing Director Francis Yeoh told Reuters the company would keep boosting shareholder returns in an effort to narrow the discount, through ordinary cash dividends, potential special dividends, share buy-backs and discounted equity offerings.

But Yeoh, who has long held that YTL Corp shares trade below their fair value, said he would review the company’s options if the new policy of ramping up returns did not fix the problem.

“In five years time, let’s say, probably I will review and say which is the best exchange to list on at that time,” he said in an interview in his penthouse office overlooking Kuala Lumpur.

“The business will have been built and there will be so much more capacity in our businesses in five years. We will know what to do by then.”

....

YTL Corp YTLS.T keeps a listing for its Japanese investors in Tokyo, but has resisted entreaties to launch a major listing in London, home to its biggest asset in Wessex Water, preferring to stay in Malaysia where market liquidity is thin and the ringgit currency remains a barrier for some foreign investors.

Malaysian broker Kim Eng Securities has a target price of 8 ringgit per share on the stock, which ended on Tuesday at 6.90 ringgit. It trades at 1.43 times book value, putting it at the lower end of firms in the DJ World Industrials Index .W1IDU.

YTL Corp has suffered this discount despite being an aggressive buyer of its own stock. For years, it paid a meagre dividend yield but announced steps to boost shareholder returns five-fold for its current financial year to end-June 2007.

18% spike, interesting..may be their Japan property value is getting unlocked...

Singapore looks elsewhere amid doubt over Indonesia's green power exports

https://www.thestar.com.my/aseanplus/aseanplus-news/2023/07/19/singapore-looks-elsewhere-amid-doubt-over-indonesia039s-green-power-exports#cxrecs_s

“We are closer to Singapore. Indonesia still has the opportunity [to capitalise on Singapore’s clean power demand], for now,” Fabby said, but he noted that, if the country did not act quickly, others would.

He said red tape would be holding Indonesia back unless the government did something to tackle it. “It could be a loss for us, we’d lose the opportunity to dominate the market,” Fabby said.

Furthermore, Malaysia, which is as close to Singapore as Indonesia, lifted its electricity export ban this year, two years after imposing it. The opportunity could help push the development of domestic renewable energy, including demand for industries producing components for clean energy, such as solar photovoltaic.

Maulida Rahma, renewable energy campaigner at Trend Asia, told the Post on Monday that exporting power from renewable sources should be done with caution, as many parts of Indonesia still lacked electricity, due in part to a lack of connections between grids in different regions of the country.

i think for some reason the price really want to over take YTLP

If people almost consider investing MYR 100 billion to bring electricity from Australia to Singapore....it will be a waste if Malaysia do not capture such opportunity / huge demand from Singapore.


https://www.rechargenews.com/energy-transition/billionaires-clash-as-21bn-australia-to-singapore-green-power-mega-plan-hits-rocks/2-1-1386409

No wonder YTL wanted to bid for Boustead Plantations...

https://www.thestar.com.my/business/business-news/2023/07/08/green-push

Since 2022, Laos has been exporting 100MW of green energy from its hydro power plants into Singapore, and has been paying TNB wheeling charges for that.

It is being done through a project involving four Asean countries in cross-border electric trade.

“If Laos can be selling green energy into Singapore via Malaysia, Malaysian producers should be allowed to do the same,” notes an industry player who is waiting with bated breath for the details of how local producers can export to Singapore. TPA will be a game changer

Perhaps even more significant is the planned opening up of Malaysia’s electricity grid to third parties, known as third-party access or TPA.

Singapore’s electricity demand spiked amid heat wave in May

https://www.theonlinecitizen.com/2023/07/05/singapores-electricity-demand-spiked-amid-heat-wave-in-may/

Additionally, during periods of increased demand, EMA can direct generation units such as Open Cycle Gas Turbines to supply additional electricity to meet the system’s needs

(OCGT usage will further raise the USEP)

Tariffs hike increases from July to September
.............................................

Singapore residents will experience an electricity tariff hike of 12% between July and September 2023, as announced by the Energy Market Authority (EMA), the regulatory body responsible for the energy industry in Singapore.

This is the highest hike since the deregulation of the electricity market in 2001, and will come into effect shortly after the release of the EMA’s bi–annual Retail Electricity Price Report.

interesting thoughts from hng33..

wouldnt the YTLP shareholder demand it to be priced close to YTLP's NTA?

not sure how this share exchange works

no issues, its normal in stock market,..we need to hear the negative comments too else no chance of finding truth

wellsaid hng33..absolutely agree cost came down while asp went up and cant see the scenario changing on foreseeable future

focus on something more important..will you?..i am sure the 18 year old did not mind..

she must have been triggered by her own unfeminine looks

sslee thank you so much..you are such a gem
i completely lost trust on Bursa & SC after the Serbadinamik drama...crooks like Karim can only thrive with involvement of the guys at the top of Bursa & SC

our corruption level has gone down to the level of Indonesia 30 years ago

unless demand goes down or new capacity comes up, its simply not possible for the profit to come down if you see the "Market clearing process' section 9.2.3

the demand will only go up in singapore coupled with this short term El Nino effect....

To those who wants to know why the electricity price goes up with demand (independent to fuel price), you may refer "Market clearing process' section 9.2.3

https://www.ema.gov.sg/cmsmedia/Handbook/NEMS_111010.pdf

By the way its been confirmed that current quarter electricity price shot up by more than 50% while the trailing 2.5 months natural gas price had dropped by more than 50% (compared to first quarter ending Mar 23'). YTL powerseraya had bought the fuel in advanced when it was cheap in large quantity.

https://www.ema.gov.sg/cmsmedia/Publications_and_Statistics/Statistics/35RSU.pdf

Q2 results is possible to have double the Q1 EPS. Hng33 is correct.

Last month, prices reached as high as S$3,594 ($2,685) a megawatt-hour in daily trading after a power plant at Jurong Island shut for a turbine upgrade amid unusually hot weather. Meanwhile, the cost of LNG has fallen 86% since March 2022.

i dont know about this mikecyc, but considering sslee request i think i3 should ban him...

personal note to sslee, have you tried just avoiding responding / interacting with such trolls...usually they will stop by themself...not sure how this happened

What happened during the last El Nino?

The last major El Nino event occurred in 2016. It affected more than 60 million people, particularly in eastern and southern Africa, the horn of the Africa, Latin America and the Caribbean, and the Asia pacific region.

It disrupted crop production, imposed societal distress and resulted in peak energy consumption

Unprecedented heatwaves driven by this major El Nino event made 2016 the hottest year on record in Singapore (since 1929) and globally

//www.straitstimes.com/singapore/what-does-the-return-of-el-nino-mean-for-the-planet-and-you

El Niño planet-warming weather phase has begun

Published
4 hours ago

https://www.bbc.com/news/science-environment-65839060

There's also a strong likelihood that this year's version will push 2024 past 2016 as the world's hottest year.

ah ok, i got it dragon328...so the value goes up as per the rise in cost of equity and debt

https://klse1.i3investor.com/servlets/ptres/67695.jsp

We came away from its analysts briefing last Friday feeling positive about its earnings outlook. The key takeaways are as follows:

1. The company expects PowerSeraya’s earnings to sustain at least in the next 2-3 years given: (i) no new plant-up of power plants in Singapore for the next three years which would sustain good retail price that it currently enjoys, (ii) no more “take or pay” LNG supply agreements which have ended between 2020 and 2023, which reduces input costs, and (iii) its locked-in low gas prices secured during the early days of the pandemic which will last for the next 2- 3 years, thus keeping its fuel cost low.

@dragon328, i am truly impressed with the level of knowledge you have in this power business in singapore and other YTLP businesses

somehow i feel you must be having someone working inside YTL

@dragon328, you mentioned on Wessex RAB as per below:
-The beauty of a regulated asset is that it never loses money and its asset base will always expand along with inflation.
-With rising interest rates in next 2 years, Wessex is entering a rapid asset expansion phase with its RAB expected to increase by over 500 million pounds in 2020-2025 regulatory period.

wouldn't rising interest rate would actually reduce the inflation rate? Appreciate if you could enlighten more on the mechanism of RAB valuation..

thanks dragon328..its all very clear now

thanks dragon328, the profit shows how much advantage PowerSeraya has over other Gencos