Wait for Myeg final dividend and dividend in species, both entitlment will announce soon

bought back at 1.99

bought skp at 99.5sen

If myeg resume immigration online today, expect official announcement on extension contract will be make in bursa later

Interesting, portal back online, bought back myeg at 74.5-75sen

I only can accept CIMB target price for YTL RM 1.28 and YTLP RM 1.70 for CY 2023. Next year CY 2024, CIMB will need to upgrade again for YTL > RM 2.00 (EPS 16sen, dividend 9.5sen) and YTLP > RM 2.40 (EPS 28sen, dividend 15sen)

CIMB know if upgraded YTL dividend now will have to redo its EPS and all sum of part analysis particular on YTLP target price and its dividend payout. therefore too time consuming for their analysis report loh...

YTL dividend 6sen, EPS 7.4sen with target price RM 1.28 should upgrade substantially for similar yield 4.7% and PE valuation, YTL should upgraded to minimum RM 2.00, dividend 9.5sen, EPS 16sen

dragon328

CIMB analyst too lazy to change its earlier report on YTL despite getting updated figure from YTL Francis Yeoh that YTL to pay 9.5sen dividend instead of CIMB projection of just 6sen dividend, which in turn will lead increase projection in EPS and sum of part analysis. CIMB instead retain all its target price earlier and projection figure in the report, too lazy to redo analysis and upgrade target price for YTL.


https://rfs.cgs-cimb.com/api/download?file=12adfc5f-a430-4fcc-98ba-e561ef0da8a9

SINGAPORE (The Straits Times/Asia News Network): Consumers in Singapore will pay more for electricity in the July-September quarter, with the tariff increasing by an average of 1.2 per cent from the previous quarter.

https://www.thestar.com.my/aseanplus/aseanplus-news/2023/06/30/higher-electricity-bills-from-july-to-september-as-singapore-increases-tariff-by-12

馬華梳邦區會主席趙啓興披露，移民局官員已證實，Myeg網站已於5月23日終止女傭工作準證延期申請的服務.....

cut at 76sen after getting know nonremewal immgration permit by myeg

YTL dividend 9.5sen is conservative target as it need to reserve cash in preparation to bid HSR, which is entirely private funded in exchange for long term concession

YTL dividend 9.5sen is conservative target as it need to reserve cash in preparation to bid HSR, which is entirely private funded in exchange for long term concession

YTL aside derive dividend from YTLP and upcoming Mcement, it also received steady dividend from 2 listed REITS

dragon328
Both YTL and YTLP have dividend yield more than 10% now

At the meeting, YTL team was also reported to have said that core assets, such as Malayan Cement Bhd, including the Vietnam venture, core land bank in Sentul of 165 acres, Power Seraya and Wessex Water are not for sale....but, may unlock through IPO

At the meeting, YTL team was also reported to have said that core assets, such as Malayan Cement Bhd, including the Vietnam venture, core land bank in Sentul of 165 acres, Power Seraya and Wessex Water are not for sale....but, may unlock through IPO

YTL aim for MRT3 and HSR
https://themalaysianreserve.com/2023/06/28/ytl-corp-targets-rm1b-dividend-payout-open-to-strategic-acquisitions/

YTL to pay 9.5sen dividend, how much YTLP will pay ?

https://themalaysianreserve.com/2023/06/28/ytl-corp-targets-rm1b-dividend-payout-open-to-strategic-acquisitions/

RM 1.30 is immediate target, convincedly breakout will heading to next level RM 1.35

RM 1.00 is immediate target, convincedly breakout will heading to next level RM 1.10

These 2 day is mid year closing, which is time period for institutional fund manager to actively readjust their stock portfolio. For YTL and YTLP, window dressing may happening now to challenger previous high level

These 2 day is mid year closing, which is time period for institutional fund manager to actively readjust their stock portfolio. For YTL and YTLP, window dressing may happening now to challenger previous high level

Technically, YTLP likely to challenge earlier high RM 1.35 soon

bought myeg at 75.5sen

As highlight in YTL Quarterly report, aside benefit of inflation on its financial metric, A higher interest-rate environment also has supported a reduction in pension liabilities. If high inflation persist, pension deficit will turn into surplus at the end of AMP7.

Wessex is expect to deliver totex outperformance of 7% during AMP7, with 3% outperformance on operating expenditure (opex) and 12% on capex. Outperformance in opex leads to cost savings and improves EBITDA.

Why higher inflation has helped in improving wessex gearing ratio? These is becasue wessex water has a simple capital structure with no swaps and a high proportion of fixed-rate debt.

Further, Wessex has demonstrated strong operational performance in total expenditure (totex) and net outcome delivery incentives (ODI) rewards for AMP7 ( 5 year price control period ending March 2025)

Higher Inflation Beneficial for water concession credit metrics. why ? Although higher inflation leads to higher indexation on inflation- linked debt, but inflation-driven increase in regulatory capital value is greater, leading to lower gearing.

The debt structure of WWSL comprises about 54% fixed-rate debt, 14% floating-rate debt and the remainder IL debt. Further, improvement in EBITDA has more than offset the increase in interest on floating-rate debt, supporting an improvement in cash PMICRs

probability

I'm sorry for previous harsh word in hengyuan, everybody hate loss making, lets move ahead.

Don forget YTL aside derive profit from Power seraya and enjoy high strength in Sgd currency by additional 5%, YTL also due to record V shape recovery from UK wessex water in coming Q result through 9% water traffic hike, as much as RM 100m swing from loss to profit, these swing will further exacerbate by 10% strengthen in pound sterling currency.

In additional, maiden contribution from Jordan Attarat shale power will start record profit after secure COD on 26 May 2023, another swing to profit through 45% equity account onward.

The wholesale price is higher now in Q2 than in Q1 despite tumbling in feedstock gas cost is because imbalance in demand supply which will be prolong till new capacity supply kick in 2026. These have resulted expansion in profit margin for YTL seraya for both retail and wholesale market onward for foreseeable next 3 year.

But, such massive increment in wholesale electricity price only will affect 1/4 of its earning which based on spot price in wholesale market. Any surplus wholesale price higher than Q1 is extra windfall profit to YTL seraya.

Majority of YTL Power profit margin is locked ahead via retail contractual range 6 - 2 year (YTL seraya hedge 80% natural gas in accord to contract period in order to lock desire profit margin). These locked profit margin will not affect by gas fluctuation or volatile wholesale price, thus ensuring steady profit

30-40% price drop? Q1 Power seraya record RM 800m profit, what will coming Q2 Power seraya profit? Just look at the factual figure now on average Wholesale Electricity Prices ($/MWh), Q2 is estimate to record massive 75% increment if compared to Q1.

2023 Average Wholesale Electricity Prices ($/MWh)

1. January 219.13
2. February 222.53
3. March 337.77

4. April 324.04
5. May 488.71
6. June 539.39 ( latest 7 day average)

YTL already partner CRRC in MRT3 rail system. This systems turnkey package, which includes signalling,
electric train and depot equipment, power supply and communication systems, is expected to be worth RM7bn-10bn. These MRT3 system work is on top of YTL lowest bid in MRT3 CMC302 civil work package worth RM 10.8 billion

YTL to partner CRRC to bid upcoming HSR. CRRC is the world's largest supplier of rail transit equipment with the most complete product lines and leading technologies. Its main businesses cover the R&D, design, manufacture, repair, sale, lease and technical services for rolling stock, urban rail transit vehicles, engineering machinery, all types of electrical equipment, electronic equipment and parts, electric products and environmental protection equipment, as well as consulting services, industrial investment and management, asset management, and import and export.

https://www.msn.com/en-my/money/topstories/consortiums-jvs-to-undertake-kl-singapore-hsr-taking-shape/ar-AA1beNxl#:~:text=Berjaya%20Group%20is%20understood%20to%20have%20had%20high-level,comment%20had%20not%20been%20answered%20at%20press%20time.

MyHSR Corp appoints Fauzi Abdul Rahman as chairman

KUALA LUMPUR: MyHSR Corp Sdn Bhd (MyHSR Corp) has appointed Datuk Seri Fauzi Abdul Rahman as non-executive chairman effective June 22, 2023.

In a statement today, the company said Fauzi served on the board of Malaysia Rail Link Sdn Bhd (MRL) between 2018 and 2021 and is well-versed in the development and challenges within the industry.

MyHSR Corp chief executive officer Datuk Mohd Nur Ismal Mohamed Kamal said Fauzi’s expertise and experience will steer MyHSR Corp to realise the high-speed rail (HSR) project.

"As we embark on this new chapter for the project, his long history of astute leadership and unwavering commitment will strengthen our resolve in bringing the project to fruition for the benefit of the country and the people,” he said in the statement.

The statement said Fauzi held senior positions in various ministries and was Deputy Minister in the Prime Minister’s department between 1997 and 1999. He was Kuantan’s member of parliament (MP) between 1990 and 1999 and Indera Mahkota MP between 2013 and 2018.

In addition, Fauzi chairs the board of two private companies.

MyHSR Corp is a company incorporated in 2015 and is wholly owned by Minister of Finance (Incorporated). It is under the supervision of the Transport Ministry. The company is responsible for developing and implementing the HSR project. - Bernama
https://www.thestar.com.my/business/business-news/2023/06/26/myhsr-corp-appoints-fauzi-abdul-rahman-as-chairman

YTL seraya (2006MW ) + acquire Hyflux's Tuaspring power (396MW) for $ 270m, after get discount price 22%

Tuaspring's combined cycle power station complements the group's existing power generation assets in Singapore, creating significant synergies across our portfolio of utility businesses.

YTL acquire Tuaspring plant last year is one of the most technologically advanced assets on Singapore's power generation grid.

Following the purchase, YTL PowerSeraya now own 2402MW, is second largest power generation companies by registered capacity after Senoko Energy's 2807MW.

The newer technology now is direct use solar-powered device that produces hydrogen fuel directly from moisture in the air. Solar generate power, and use these power electric to produce hydrogen from water or moisture in the air, so that power generate can directly store as hydrogen fuel in storage tank. These hydrogen fuel storage tank can use as generator electricity at night or when sunlight insufficient or use it as backup power to increase power at peak hour

While hydrogen, solar, and wind energy are all renewable sources, they differ in their applications and potential for future growth. As an energy carrier, hydrogen has the advantage of being easily stored and transported, which is beneficial for large-scale industrial applications and long-distance energy transportation. Green hydrogen production also has the potential to use excess electricity generated by solar and wind power, making it a complementary technology for these renewable sources.

On the other hand, solar and wind energy are direct electricity producers and are more suitable for decentralized and residential applications. Solar energy is especially attractive for regions with abundant sunlight, while wind energy is better suited for areas with consistent wind patterns.

EU is banning CPO due deforestation, even forest tree is just replace with planted palm oil tree.

On contrary, EU give carbon credit if land is use for solar farm and your manufacture industry if use green energy can score high ESG and enjoy carbon tax credit when goods export to EU.

Globally, most countries, EU, China, US, all recognized solar power is best green energy and is demanding higher carbon tax to impose on goods without use green in manufacturing, storage battery power, Data center etc. Already first impact now is trend booming Green data center, Green EV charging station to power up EV

YTLP is bid boustead plantation landbank will include large tract land in Sabah and Sarawak. If YTL turn it all to solar power farm, it could in line with Sarawak state gov intention to supply hydro power to Singapore via undersea cable. Both solar power and hydro power are green energy are great demand for Singapore to meet its zero carbon emission and avoid carbon tax

https://www.thestar.com.my/business/business-news/2023/01/30/sarawak-set-to-export-hydropower-to-singapore

From YTLP report, kulai 500 MW solar power is aim to power up 500 MW green Data center, a high value added to derive high profit margin from supplying power and water to capital intensive Green data center for long term income.

dragon328
Such small impact if exit will be more than cover by strengthen sgd keep hitting record RM 3.47, q to q strength by 5% now

Indonesia trials first high-speed rail in boost to Jokowi legacy, It is now Anwar turn built HSR for his legacy, a successful launch will pave way for him to outperfrom previous PM, Mah, Muy, Ism

https://www.thestar.com.my/business/business-news/2023/06/23/indonesia-trials-first-high-speed-rail-in-boost-to-jokowi-legacy

Today, USD RM 4.65, on track to break previous record high at RM 4.75, just 10 sen closer to record breaking

( USD base profit from 20% jawa power, 97% YTL cement Langkawi export hub and 45% Jordan power plant)

Today, pound breaking another record RM 5.94 !!!

Today, SGD breaking another record RM 3.47 !!!