most likely cancel to enhanced EPS.

cheap sales 64.5 cents

PETALING JAYA (Feb 6, 2014): YTL Communications Sdn Bhd's, the telecommunications arm of YTL Corp Bhd, could be abandoning its WiMax service which it has adopted since November 2010 to roll out its long-term evolution (LTE) technology.

Hong Leong Investment Bank's analyst Tan J Young believes that Yes, the brand name of YTL Communications in Malaysia, has stared trial runs and is preparing to roll its Time Division Duplexing-Long-Term Evolution (TDD-LTE) soon.

"LTE trials are currently conducted not only on the 20MHz of 2.6GHz spectrum which was awarded by MCMC in 2012, but also on its 30MHz of 2.3GHz spectrum which is presently occupied by its commercial WiMAX business," he said in an note to investors today.

"Surprisingly, trials are also being carried out on Asiaspace Broadband Sdn Bhd's 30MHz allocation on the 2.3GHz band," he added.

This, he said, could indirectly mean that Yes could be eyeing to take over Asiaspace's spectrum which is currently idle as the latter's WiMAX business did not materialise.

Asiaspace was awarded the 2.3GHz spectrum in December 2012 and was one of the four operators along with P1, YTL's Yes4G and REDtone that received the WiMAX licence from the government in 2007.

A check on Asiaspace's website revealed that the company is planning to go ahead with its collaboration with YTL on infrastructure and spectrum sharing under an agreement now that it has a 2.3GHz spectrum.

"With the collaboration, there will be avoided duplicity of infrastructure and maximize the use of bandwidth for the wireless broadband services nationwide by both companies to provide quality and uninterrupted services," it siad.

Young said Yes' exit from WiMAX was an anticipated move as the technology is widely believed to be phasing out and LTE is the only logical technology progression for telcos.

"If Yes lobbies successfully for Asiaspace's spectrum, it will allow Yes to migrate its existing WiMAX subscribers to LTE seamlessly while providing better quality of service," he said.

"Upon complete migration, Yes could use the whole 60MHz of 2.3GHz to offer TDD-LTE with theoretical download speed of up to 220Mbps (assumed based on latest carrier aggregation technology with 2 component carriers coupled with downlinkuplink time division ratio of 3 to 1)," he noted.

With this capability, Tan said, Yes can be a competent challenger to the incumbents with the niche of offering rich and high definition voice and text services over a pure advance data network supported by IMS, without the worry of legacy voice network.

"We believe that compatible devices will be abundant in the near future on the back of China's commitment following recent TD-LTE licence awards which also consist of 2.3GHz spectrum. Notably, this (LTE band 40) is supported by iPhone 5S (model A1530)," he pointed out.

"If Yes does invade the LTE market as such, this will undoubtedly elevate the competition in the cellular space one notch higher, while benefiting the fixed players through data bandwidth wholesale for backhaul transmission. Overall, this coincides with our sector outlook whereby we prefer fixed," he said.

http://www.thesundaily.my/news/950891

IPhone 5S and 5C support TD2300 and TD2600, unless MCMC re-allocate 2.3吉赫 channel to YES

Leek,

thanks, Long way to go. CIMB TP is about 2.5, the most positive. the rest say around 1.80 to 2.0

Leek,
What is your TP for the YTLP?

Gam gam for Quarterly report

leek explain a bit on why because of its son WB?

Dividend coming, will be announce next week. BUY BUY BUY!!!

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) has displaced rivals
YTL Power International Bhd as the front runner in the tender for the 2,000MW
coal-fired power plant known as Project 3B.
According to industry sources, the board of the Energy Commission (EC) has
decided to propose 1MDB as the preferred bidder for the RM11 billion
planting-up exercise to the Ministry of Energy, Green Technology and Water.
The final decision still rests with the Cabinet.
If the tender is awarded to 1MDB, it will be the catalyst that the
government-owned entity needs to list RM10.8 billion worth of power
generation assets it has acquired over the past few years.
The decision, however, is contrary to the recommendations of the EC’s own
technical evaluation committee and has come under scrutiny from both local
and international power players. After all, the EC has been bandying around
the transparency and fairness of its open tenders for planting-up projects.
The Edge reported earlier, citing documents sighted, that the EC’s technical
evaluation committee had recommended YTL Power as the preferred bidder for
the tender in December last year. Based on the documents, YTL Power had
put in the lowest adjusted tariff of 25.23 sen per kW hour compared with
1MDB’s adjusted bid of 25.65 sen. The 0.42 sen difference is estimated to be
worth around RM2 billion over the 25-year concession.
It was widely expected that the Cabinet would decide on the award of the
project at its meeting yesterday but according to sources, the EC’s proposal
was not tabled.
According to sources, part of the board’s rationale for selecting 1MDB over YTL Power had to do with YTL Power’s equipment supplier
from South Korea, Doosan, which allegedly does not meet the necessary requirements. However, based on the report by the technical
evaluation committee to the board, all concerns about Doosan’s capability to undertake the project have been dismissed.
The location of the proposed plant is another reason the EC’s board is favouring 1MDB. 1MDB’s proposed site is in Jimah, Negeri
Sembilan, next to the existing 1,400MW coal-fired Jimah Power station that it is acquiring from the Negeri Sembilan royal family. 1MDB’s
injection point is at Olak Lempit, Selangor, which is much closer to the primary load centre in the Klang Valley.
In comparison, YTL Power’s proposed site in Tanjung Tohor, Johor will use the Yong Peng East, Johor as its injection point (a point of
connection where electricity flows into the national grid from generation plant). Since Yong Peng is further from the load centre, there
should be higher transmission losses in the form of energy lost through heat over the distance.
However, some industry players claim it is unlikely that transmission losses alone will be able to justify the 0.43 sen difference in tariff.
They estimate 2% to 3% difference in transmission loss for a 500kv line and about 5% loss for a 275kv line.
On top of that, it was the EC which originally named the five nodal points for bidders to use in their proposals as injection points. Once the
power reaches the injection point, managing transmission losses will be the responsibility of Tenaga Nasional Bhd.
“The tender was to offer a tariff as at the injection point. After that, it is Tenaga’s responsibility. Why would the EC name a nodal point for
bidders to use when it is less than ideal?” asked one industry player.

At a time when electricity tariffs are on the rise, the public will be watching the tender closely. A decision could be made as soon as next
Wednesday when the Cabinet meets again.

This article first appeared in The Edge Financial Daily, on February 06, 2014.

Let see how the Cabinet will decide next Wednesday.

Power (Neutral): 1MDB set to win bid for power project. 1Malaysia Development (1MDB) has displaced rival YTL Power International as the front runner in the tender for the 2,000MW coalfired power plant known as Project 3B. According to industry sources, the board of the Energy Commission (EC) has decided to propose 1MDB as the preferred bidder for the RM11bn planting-up exercise to the Ministry of Energy, Green Technology and Water. The final decision still rests with the Cabinet. If the tender is awarded to 1MDB, it will be the catalyst that it needs to list RM10.8bn worth of power generation assets. (Financial Daily)

sbb holiday liao la, balik kampung liao hor?

hopefully after today cabinet meeting, all will be clear. lol

hng33 Contradict statement?

http://www.thestar.com.my/Business/Business-News/2014/01/29/Close-YTL-Power1MDB-race-for-2000MW-power-plant-explains-delay-in-award/

If you see the cartoon in the link above, it seem that 1MDB is sure win!!!

Iskandar area will need a lot of electric beyond 2020!!!

1778.88!!!

http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=1010311

hng33 what will happened to YTLP assets when the IPP deal expired 2015, the most likely scenario. Estimate the assets worth how much?

http://www.thestar.com.my/Business/Business-News/2014/01/22/Will-minorities-triumph-in-seeking-higher-value/

prahadude it will be announce before "end of Jan 2014", after government approve it.

Some internal source

latest update: it will be announce before end of Jan, after government approve it. might not be today.

8.96%

also appear in Guang Ming

hng33 ok ok

hng confirm today is the meeting day?

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

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.

leek any info?

iafx kamsia!!!

iafx can scan and email to JKing to be share out ?

we need 11.75%.

break thru!!!

coming!!!

sent!

OK!

we need 11,750,000 shares. Anyone want to lead this? Form a facebook private group and count the shares to see the chances...

HC Lee, at least voice it out that SCR is not fair, the procedure need to be refine.

http://www.mswg.org.my/page.php?pid=82&menu=sub

weblink to sent enquiry to MSWG.

MSWG details


Address

Our office and mailing address is:

MSWG
11th floor, Bangunan KWSP
No. 3, Changkat Raja Chulan
Off Jalan Raja Chulan
50200 Kuala Lumpur

Phone / Fax / Email / Website

Phone:603 2070 9090
Fax: 603 2070 9107
Email: watchdog@mswg.org.my
Website: www.mswg.org.my

Office Hours

Monday to Friday: 9:00am to 5:30pm
Saturday, Sunday, and Public Holidays: Closed

If you have questions or comments about MSWG and any of the work that we do, please feel free to send us an email by filling in the form below.

If you would like to speak to someone immediately then please call our office at 603 2070 9090.

JKing, look like you need to buy more to push the price over 3.90!!! :). That will spoils the Perak Government party.

anyway to complaint to MSWG?

kolim13, sent details on how you cal free float of 12%, many thanks

ireka is trade above SCR price

see Ireka SCR.

if you see the depreciation charges for the last 4 quarters, it is a lot be charge out.

1 CIMB Group Nominees (Tempatan) Sdn Bhd
CIMB Bank Bhd for Perbadanan Kemajuan Negeri Perak (CBD-NR-PERAKCB) 51,506,250 51.51
2 Sime Darby Property Berhad 6,125,000 6.13
3 KAF Trustee Berhad
KAF Fund Management Sdn Bhd for KAF Seagroatt & Campbell Berhad 4,378,000 4.38
4 DB (Malaysia) Nominee (Asing) Sdn Bhd
Deutsche Bank Ag Singapore for Horizon Growth Fund N.V. 3,116,600 3.12
5 HLB Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Chee Sai Mun 2,014,000 2.01
6 Lim Pei Tiam @ Liam Ahat Kiat 808,000 0.81
7 Kenanga Nominees (Asing) Sdn Bhd
Cantal Capital Inc. 800,000 0.80
8 Perbadanan Kemajuan Negeri Perak 765,003 0.76
9 RHB Capital Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Teh Kian Lang (CEB) 612,500 0.61
10 Public Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Chee Sai Mun (E-KLC) 560,100 0.56


Top 10 shareholder from FY2012 Annual report