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2023-08-30 00:54 | Report Abuse
Bumi armanda NTA keep increasing via increasing assets and decreasing liabilities, with net assets increase RM 480m in Q2, far higher than profit record in RM 120m alone. Next Q, armanda NTA will hit RM 1.00
2023-08-29 16:25 | Report Abuse
Boss stake in myeg is increasing.
2023-08-28 14:49 | Report Abuse
Zetrix coin is not ordinary cytocurrency which lack of actual usage. Zetrix coin is COMPLUSORY use at China custom if wan to import goods from oversea for highly safety and efficiency Custome clearance
2023-08-28 09:39 | Report Abuse
Boss known well MYEG will monetize Zetrix via an ICO (Initial Coin Offering) next month, big windfall is expected for myeg
2023-08-25 23:01 | Report Abuse
Uzma Q4 deliver profit RM 10.6m or EPS 3sen, but if without take into account one off impairment RM 18m in Q4, profit will be more than double, Q4 EPS > 8sen
2023-08-25 12:44 | Report Abuse
It is bias if only wish highlight positive factors and chart unrealistic continue elevated electricity price through locked in contract despite gas price have normalize and gov keen to boots up supply via massive import cheap electricity from oversea and refuse to accept downside risk
2023-08-25 12:20 | Report Abuse
Key downside risk: sharper-than-expected normalisation in electricity sales margins once Singapore start import massive cheap electricity from Malaysia soon
2023-08-25 12:15 | Report Abuse
CIMB estimate YTLP quarterly profit of RM524m, in 2014 before tapering by 10% in FY25F as we assume contracts get renewed at lower margins to reflect some normalisation in electricity and gas prices.
Current wholesale price have trim by more than 60% in Q3 if compared to Q2 and even lower than Q1 earlier by 20%. Wholesale price is real time reflection on spot electricity price and based on spot gas price. The lower wholesale price compare to contract price will eventually affect contract price to lower their price once due for renewal for every 6 month for short contract. YTLP overdependency on single power seraya profit contributor is too sensitive to any price adjustment downward forward.
2023-08-24 16:34 | Report Abuse
bought back YTLP at 1.74
2023-08-15 16:45 | Report Abuse
cut at 2.24-2.25 to swap other more momentum stock first
2023-08-11 18:40 | Report Abuse
short-term charts of crude oil, natural gas — and even the entire commodity complex overall — are screaming "bullish"
2023-08-11 12:43 | Report Abuse
I have cut all gold stock last few days after gold price failed to perform despite Moody downgrade US bond
2023-08-11 12:42 | Report Abuse
I have cut all gold stock yesterday after gold price failed to perform despite Moody downgrade US bond
2023-08-11 12:40 | Report Abuse
I have cut all gold stock after gold price failed to perform despite Moody downgrade US bond
2023-08-11 09:10 | Report Abuse
Uzma currently under technical correction after failed to challenge resistance level at 80sen.
2023-08-09 15:32 | Report Abuse
The factual is 70% power generated is sold as contract 6 month-2 year, and 90% of contract is hedge.
The balance 30% power generated is sold to wholesale market and spot vesting contract.
The problem now is not because of sudden surge is gas price input cost, when already hedge, but is tumbling in wholesale energy and vesting sport energy price compare to contract price.
The actual impact on wholesale energy price will be more apparent in coming Q result, in which is wholesale price is skyrocket in April - 324 MWh, May - 492 MWH, June - 305 MWH, Power seraya is expect to reap billion of profit. But, what about following Q result when wholesale price half at 167 Mwh in July start to kick in and if persist for following month later? Profit margin will significantly decrease back to normalize level will prove in following Q result release in Nov 2023
2023-08-09 15:10 | Report Abuse
Although YTLP currently have 70% contract rate range 6month - 2year and balance 30% on spot wholesale rate, But, as current wholesale rate 167Mwh is far below YTLP contract rate about 280-290Mwh, it will prompt many independent retail to offer much lower rate to win over retail market share. Many contract customer will gradually swap to much lower independent retail after theor expire contract.
These situation will continue persist as long as wholesale rate is significantly lower than contract rate, resulted lower profit margin forward. As, singapore intend to import more power from oversea, it will further press down on wholesale energy rate in future. Singapore will never tolerate current power generator to reap such extraordinary profit margin > 25% in future. The more reasonable profit margin for power generator should be about 10%, a acceptable profit margin for highly regulated power industries
2023-08-09 12:56 | Report Abuse
deleum is cash rich oil and gas company, 60% of current market price is backed by net cash. Dividend payout is 50%, therefore, Deleum is good stock holding for stream of income with increasing trend based on increasing eps growth with increasing orderbook now at RM 560m
I also hold another stock Uzma, but with increasing borrowing/nil dividend due need to fund LSS4 and initial capex for all time high RM 2.9 billion orderbook, Uzma earning growth will be at higher rate forward.
Therefore, for oil and gas exposure, i had balance between high yield deleum and high growth Uzma.
2023-08-09 12:20 | Report Abuse
Some may said YTLP or YTL is better, and quote MSC can be YTLP 2. but, YTLP Singapore hike electricity price is unsustainable as despite upcoming Q result, Singapore power will boots up further profit to YTLP due to hike in wholesale electricity price
April - 324 MWh
May - 492 MWH
June - 305 MWH
But, since begin July after Singapore introduce cap price, the wholesale electricity price had tumbling to half to only 167.5 Mwh, and these trend lower wholesale price is still remain in Aug 2023
https://www.ema.gov.sg/cmsmedia/Publications_and_Statistics/Statistics/35RSU.pdf
https://www.nems.emcsg.com/nems-prices
Therefore, comparing with unsustainable YTLP Singapore profit margin. MSC have high promising future and sustain elevated tin price from increasing demand EV/ solar/ semicon. 5g etc and future saving cost saving from decommissioning Butterworth plant and redevelopment Proft
2023-08-09 12:14 | Report Abuse
Caution, depsite upcoming Q result, singapore power will boots up further profit to YTLP due to hike in wholesale electricity price
April - 324 MWh
May - 492 MWH
June - 305 MWH
But, since begin July after Singapore introduce cap price, the wholesale electricity price had tumbling to half to only 167.5 Mwh, and these trend lower wholesale price is still remain in Aug 2023
https://www.ema.gov.sg/cmsmedia/Publications_and_Statistics/Statistics/35RSU.pdf
https://www.nems.emcsg.com/nems-prices
2023-08-09 12:14 | Report Abuse
Caution, depsite upcoming Q result, singapore power will boots up further profit to YTLP due to hike in wholesale electricity price
April - 324 MWh
May - 492 MWH
June - 305 MWH
But, since begin July after Singapore introduce cap price, the wholesale electricity price had tumbling to half to only 167.5 Mwh, and these trend lower wholesale price is still remain in Aug 2023
https://www.ema.gov.sg/cmsmedia/Publications_and_Statistics/Statistics/35RSU.pdf
https://www.nems.emcsg.com/nems-prices
2023-08-09 11:34 | Report Abuse
Unlocking value of Butterworth site. A redevelopment of the Butterworth
smelting plant site is already planned to unlock the land value once the
smelting operations is fully relocated to Pulau Indah. The smelting facility is
sitting on 13.9 acres of land while the parent company Straits Trading
Company (STC) owns the adjacent piece of land spanning 26.2 acres. The
combined land will be redeveloped into a mixed residential and commercial
property project and a master plan has been approved with STC which is in
property development to head the development. Meanwhile, development
works are being carried out on the 26.2 acre STC land currently while
MSC’s 13.9 acre land, which with book value of RM78.7m, will only see
work commencing next years later after the smelting operations cease
2023-08-09 11:27 | Report Abuse
Next year, the old Butterworth plant will be decommissioning to pave way for property development. As much as 30% cost saving from smelting segment will boost up MSC profit margin higher
2023-08-09 11:21 | Report Abuse
Now already enter month Aug, tin price remain sustainable above USD 27k, average tin price for Q3 should around USD 27.5-28k, exchange rate 4.58, about 10% higher than Q2.
Just wait for next Q3 result, MSC should deliver EPS > 11sen
2023-08-08 22:22 | Report Abuse
MSC mining activities use its own 5MW hydropower + MSC smelting plant use solar power, both comply green energy metal
2023-08-08 22:21 | Report Abuse
MSC should trade at least half if no in par with press metal valuation. MSC current valaution < 7x is too far low if compared to pmetal
2023-08-08 22:18 | Report Abuse
If you wan to court trade payable in balance sheet, you must also include much larger trade receivable, trade prepayment and big chuck of inventories.
2023-08-08 21:39 | Report Abuse
Current Q3 average selling price is 10% higher than Q1 and Q2. These increment 10% selling price will give 10% increase revenue, and these 10% revenue is pure profit, resulting gross profit margin expansion from 15% to 25%
2023-08-08 21:26 | Report Abuse
Increase cash to RM 210m
Decrease borrowing to RM 305m
In less than 1 year forward, MSC will turn into NET CASH position
Stock: [MSC]: MALAYSIA SMELTING CORPORATION
2023-08-30 11:05 | Report Abuse
bought back MSC at 2.21-2.22