The monthly average USEP rose 70.3% to a nine month high at $235.06/MWh in March, and further increased 22.8% to $288.71 MWhin April. This should help YTLP Q4 resuly to do very well.

Thank you @dragon328 for your detailed and indepth research into YTLP that gave us the conviction to hold on to the shares during its 3 month consolidation. 80% of my Bursa holding was on YTLP and YTL. This morning I converted the remaing 20%.

@dragon328
What is your estimated profit for YTLP power generation for Jan - March Quarter 2024 in view of the much reduced USEP as published in EMA ? TQ

1 second ago

@dragon 328, what is your estimated profit for YTLP power generation for Jan - March Quarter 2024 in view of the much reduced USEP as published in EMA ? TQ

1 second ago

@Probability, will Hengyuan suffer huge derivative loss in May ( crack spread shot up from below $20 to above $30) just as it did in March ?

Petron Corporation share price in PSE is in the doldrums in the last 12 months. Anybody knows why ?

Anyone can enlighten us why Hightec price has run up from Rm 2.00 to limit up today to RM5.64 over last 2 weeks ?

KPower warrant went up to above RM0.90 on its 4th day. It will not be unrealistic to see SCIB warrant to trade above RM0.80 after a few days.

RM1.77 is SCIB warrant exercise price

SCIB's sister company KPower price actually went up after ex-warrant date from RM2.18 to 2.79 and settled at RM2.44 on the eve of its warrant listing date. SCIB warrant price is RM1.77. If SCIB price close at RM2 on the eve of its warrant listing date, its warrant reference price will be RM0.23 and it will open at limit up at RM0.53 on its first day.

Hi Ally, please add me. cstanmy@gmail.com

DK, please add me to your private chat group. TQ

Please add me. TQ

Any one knows what is the public float of KAB ? This counter has been going up from 70 cents in mid December to RM1.95 now without any significant correction. Very rare indeed.

Hengyuan has gone up from RM11 in early December and closed at RM17.96 on 28th December. Today it corrected to RM15.94. The 11% correction from yesterday closing price is a very healthy correction. It will find its base next week before further upside. If Q4 result is as good as Q3 ( possible because of sustained high crack spread above $10 in Q4, inventory gain from higher brent oil price and better RM/USD foreign exchange rate), its 2017 EPS will be RM3.60. AT RM21.00, it will be trading at PER of less than 7 ( nobody asking for PER of 30) Is this very farfetched ?

What Ekovest is proposing to merge its highway, construction and property business under one roof make sense. Gamuda has highway, construction, and property business. Ekovest will list its highway business separately when they are all completed to get better valuation. .

Penta announced its 2Q/2016 results on 4th August and its 1Q/2017 results on 9th May. Does anybody know why it has not announced its 2Q/2017 results ?

These are the Real Facts for Hengyuan EPS, Brent crack spread and Brent crude prices for the last 3 quarters :

4Q/2016 - EPS 69.27, average crack spread $6.80, Brent crude $46-$57 (+$11)
1Q/2017 - EPS 92.16, average crack spread $7.80. Brent crude $57-$52 (-$5)
2Q/2017 - ??? average crack spread $7.80, Brent crude $52-$48 (-$4)

Davidtslim has called 2Q EPS at 66.9 sen. We need more than Hard Facts to believe FutureEye's call at 19sen.

I bought both Hengyuan and Petronm-CC earlier and last week. Petronm-CC give me higher ROI because of leveraging on its gearing. Better rewards comes also with higher risk.

The ICULS Right issue price is RM1.00. The trading price for ICULS upon listing is determined by Mother price divided by 10.99. Hence, if mother price is traded at RM13.96, ICULS reference price will be RM13.96 / 10.99 = RM1.27

ICULS trading price will follow the mother share price. If Aeoncr is trading at RM13.96 ( yesterday closing price) and based on conversion of RM10.99, the ICUL reference price will be RM1.27. The ICUL right issue is at RM1.00

Hng 33,you are buying both IW City and Malton to ensure one of them is the winner ?

nocindycat, what is the significant announcement in 1 week ?

The PDP will contribute about RM45 mil per year to GKent's PAT for the next 4.5 years. This is a very significant increase of 45% based on its 2017 PAT of 101 mil.

Ekovest-WB will go limit up.

TSDLKH acquired 10.833 mil shares on 9th March.

Hi Jay, current exercise price for Ekovest WB is RM 1.35. How do you calculate to get the new exercise price to be 48 sen ? TQ

ROI is much better with SIME C8. If SIME goes up to RM10.00 ( 8.6%), SIME-C8 will be about 45sen (45%). Reverse is equally true.

The parties who took up the private placement of more than 32 million Ekovest shares at attractive prices will be making a bundle. Win- win for both parties.
Another Hwy concession worth RM6.32 billion will be awarded to Ekovest. Another catalyst to realise Datuk Seri KC Lim's vision to achieve market cap of RM10 billion by 2020.

KEY FINANCIALS
Year to 30 Jun (RMm) 2015 2016 2017F 2018F 2019F
Net Turnover 439 794 1,189 1,801 2,305
EBITDA 124 297 319 428 534
Operating Profit 118 282 301 395 478
Net Profit (Reported/Actual) 18 156 109 162 209
Net Profit (Adjusted) 18 43 109 162 209
EPS (sen) 2.1 5.1 12.7 18.9 24.4
PE (x) 127.4 52.2 20.9 14.0 10.8
P/B (x) 1.9 1.7 1.6 1.5 1.3
Net Dividend Yield (%) 0.9 1.3 0.9 0.9 0.9
Net Margin (%) 4.1 5.5 9.1 9.0 9.1
Net Debt/(Cash) to Equity(x)166.7 150.8 203.9 214.7 228.1
ROE (%) 1.5 3.3 7.7 10.4 12.0
Consensus Net Profit - - 109 162 209
UOBKH/Consensus (x) - - 1.00 1.00 1.00

From UOB Kay Hian researh dated 26.11.16 :

SOTP (RMm) Remarks
DUKE 1 & DUKE 2 1,898 DCF Valuation for the 64 year DUKE 1 & DUKE 2 concession.
DUKE 1 & DUKE 2 Sale Proceed from EPF 1,130
SPE (Formerly known as DUKE 3) 850 Equity injected for DUKE3.
Construction 873 9x PE to FY17 construction profits of RM97m.
Property Development 632 RNAV of landbanks.
Less: Debt (450) Excludes DUKE 1, 2 & 3 debts.
Warants Conversion Proceeds 165 Conversion price at RM1.35.
SOTP 5,099
Existing Sharebase (m) 855.5
Warrants (m) 122.2
Enlarged Sharebase (m) 977.7
SOTP/share (RM) 5.22
Discount (%) 40
Target Price (RM) 3.13
Source: UOB Kay Hian

WealthWizard, thanks again for the straight to the point comparision of the Q1/2017 results. With its current order book of RM6.4 bil in construction, unbilled property sales of RM576 mil and additional toll revenues from Duke 2 after its completion in early 2017, the 2017 net profit can easily exceed 20 sen.

Hi paperplane2016, any ides how much more loss from associate/joint venture to be written off after the RM30mil in 2Q/2016 ?

Hi WealthWizard, referring to your well researched and insightful article Ekovest part 3 table 6, do you have the data for DUKE 1 & 2 tax payable for 2017 and 2018 to derive the PAT for DUKE 1 & 2 ? TQ

Hi WealthWizard, referring to table 6 above, do you have the data on the tax payable by DUKE 1 & 2 for 2017 and 2018 to derive the PAT ? TQ

Thank you Wealth Wizard for your series of 3 very well researched and analytical articles in i3investor.com that give me the confidence to allocate 20% of my fund on this stock.

Dagang with 231 million shares is agile vs DRB with 1,933 mil shares is sluggish.

Based on 4 x 6.46 cents = 25.84 cents EPS for 2017, PER is 12 based on today closing price of RM3.29. This is fair for a high growth diversified company. Besides the Kwasa Land project, Gadang needs to show it can get more construction jobs in the months ahead.

Hi Icon8888, do you know why is BNM delaying the approval for the foreign loan TF requires for the share placement exercise. Is it odd that this process had been extended 4 times ?

It is difficult to judge one's real intention when he recommend a buy call in this investors platform, but we as investors must do our own checking before we commit our hard-earned money. I have lost some money when I followed some of the buy calls blindly but I have learned to do my own checking and have lately turned around with a few good buy decision and have in the process become a better man ( Robbie Williams ) or rather a better investor. I like some of the well written articles backed with researched data by some of the contributors to i3investors and thank you to these deserving individuals. Another thing, if we can refrain calling one another names and focus on critique of the substance, this will be more beneficial to everybody. Thanks

batu88 - please share your basis on the very much bigger foreign exchange loss of RM184 mil compared with RM34 mil in 2Q

Airasia has dropped more than 10% of its value in the last 2 days. I sold 60% of my holding yesterday. Will monitor if the 2Q result will put wind back in its wing.