Power seraya in short derive dual souce of income

1. Retail electricity tariffs through lock in contract 6 month to 2 year to end user. These part give assurance profit margin as long as LNG fuel price stay at current low level. If fuel gas cost tumbling further, the lock in contract with end user will give power seraya extra windfalll profit due to locked in contract

2. Aside selling electricity to ita own retailer, any excess electricity generated will channel to open pool market at average wholesale rate which fluctuate every half hour to get spot price

The skyrocket in wholesale power price only will affect those independent electricity retailers without own self power generation as a result of their inability to hedge against the price volatility on the spot market.

These retailers work by buying electricity on the wholesale market and selling it in "package deals" to households. The high volatile wholesale price will force those independent retailer in loss making position if insufficient hedge and possess none power generation.

Power seraya on the other hand is one stop from power generation, wholesale power to own retail seller to end user is hedging its profit naturally

Power seraya is one stop power producer from source fuel, fuel storage, power generation to electric retailer to sell contract electric to end consumer

Power seraya have own retail market its own generation to end consumer via retail contract range 6 month to 2 year. Therefore, its earning is locked ahead

Consumers can choose to buy electricity from the wholesale electricity market. In doing so, they will be paying for electricity at prices that vary every half-hour, depending on the demand and supply situation in the market. This is known as the Wholesale Electricity Price (WEP).

The WEP would typically rise due to reasons such as an increase in electricity demand and/or an outage of power generating units.

Consumers are advised to consider the WEP plan carefully given that the electricity rate that they pay is uncertain and volatile. In the recent months of 2023, wholesale electricity prices have remained elevated and volatile. Consumers who are buying electricity at wholesale prices could pay significantly more for their electricity, compared to those buying electricity via a retail contract with an electricity retailer or at the regulated tariff from SP Group (if applicable).

Currency factor is too good for YTLP as both Sgd strengthen by 4.5% in Q2 and pound strengthen by 8% in Q2 vs. Q1. The u.k business will revert back from loss to profit due to traffic hike by 9% + strengthen pound

According to the Singapore Energy Market Authority, the temporary price cap, the parameters of which will be in place until a review in the third quarter of 2025, will be tied to generation costs.

Under existing mechanisms, the energy price cap in place stood at S$4,500 (RM15,557) per megawatt-hour. The temporary price cap will see an average reduction in the Uniform Singapore Energy Price (USEP) by 3.6% to 8.1%, according to simulations published in the final determination on the mechanism that was released June 16.

https://theedgemalaysia.com/node/671809

The temporary price cap will see an average reduction in the Uniform Singapore Energy Price (USEP) by 3.6% to 8.1%.....These reduction will well cover back from just strengthening sgd currency by 4.5% Q1 RM 3.25 to Q2 RM 3.45

The temporary price cap will see an average reduction in the Uniform Singapore Energy Price (USEP) by 3.6% to 8.1%.....These reduction will well cover back from just strengthening sgd currency by 4.5% Q1 RM 3.25 to Q2 RM 3.45

YTLP only interest in Boustead plantation landbank in West Malaysia, particular balance estate locate in Johor or Pahang with aim to redevelop it into solar farm cum data center with advantage close proximate to Singapore target export energy market. Boustead majority land in actual locate in Sabah and Sarawak are actual interest by IOI which can complement its own estate for greater scale economic.

YTLP only interest in Boustead plantation landbank in West Malaysia, particular balance estate locate in Johor or Pahang with aim to redevelop it into solar farm cum data center with advantage close proximate to Singapore target export energy market. Boustead majority land in actual locate in Sabah and Sarawak are actual interest by IOI which can complement its own estate for greater scale economic.

Wait for MRT3 award!

bought back ecoworld at 79-79.5sen

sold back wce at 51sen

All YTLP solar farm and building Data center are awarded directly to YTL construction and source all building material from YTL cement and building material division

YTLP is assets owner with upfront acquire land cost and cover construction cost with banking borrowing. On the other hand, YTL construction and YTL cement and building material division under YTL corp are the builder and supplier to profit upfront in initial stage of construction and enjoy later once completed through subsidiary YTLP for recurring income.

YTLP is assets owner with upfront acquire land cost and cover construction cost with banking borrowing. On the other hand, YTL construction and YTL cement and building material division under YTL corp are the builder and supplier to profit upfront in initial stage of construction and enjoy later once completed through subsidiary YTLP for recurring income.

All YTLP solar farm and building Data center are awarded directly to YTL construction and source all building material from YTL cement and building material division

YTL growth driver is from its wholly own subsidiary YTL cement (low input coal cost + local cement selling price hike)+ YTL construction (multi billion orderbook from data center/solar farm/warehouse/UK prop development + upcoming award MRT3 and incoming HSR)

Market dislike uncertainty on Singapore energy to introduce new formula to calculate wholesale energy in July. but, for certainty profit margin will be reduce as it is based on fuel + cost formula. However, strength in Sgd dollar may mitigate the impact on margin

For YTLP, The important upcoming formula is based on natural gas and generation costs, eliminate non fuel margin (which highly subject to market manipulate that causing extreme energy volatility now). YTLP current extreme high margin of 20% now may reduce to reasonable 12-15% forward.

For YTLP, The important upcoming formula is based on natural gas and generation costs, eliminate non fuel margin (which highly subject to market manipulate that causing extreme energy volatility now). YTLP current extreme high margin of 20% now may reduce to reasonable 12-15% forward.

Upcoming MRT3 award and next HSR are the key catalyst for YTL

Market sentiment affected by Singapore Energy Market Authority will cap wholesale power prices from July 1 using a formula tied to natural gas and generation costs, may reduce YTLP profit margin forward.

Better focus on YTL for more diversified earning base with growing cement and Contruction, REITS as increasing earning driver forward while still retain exposure YTLP

Market sentiment affected by Singapore Energy Market Authority will cap wholesale power prices from July 1 using a formula tied to natural gas and generation costs, may reduce YTLP profit margin forward

Lets breakout RM 1.00

Another alternative is wait if YTL corp in future decided to relist again, but chance are very slim as YTL more willing to consolidate rather than dilute its money making subsidiary

Lam LH
YTL privatise YTL land, YTL cement and YTL e solution, although trigger delist after hit threshold 90% acceptance, but still some didn't accept offer resulted YTL haven't 100% control till now, but reach 98-99% stake with minorities left over 1-2% continues holding unlisted share now.

As offer have lapse, minorities cannot do anything now unless call up management to do private arrangements.

However, minorities still able to enjoy YTL cement, YTL land or YTL e solution if these unlisted compang declare dividend to YTL corp

Ytl communication is 60% own by ytlp, the other 40% own by bumi partner.

Yes continues loss partly due to discontinue 1bestarnetnet by Muhyiddin, causing big impairment in asset value.

With 5g, equal level cost structure across all telecos now, at least allow yes implement fair marketing strategy to win some market share next year onward

dragon328
i think most of these property investment are park under SGX StarhillREITS and bursa YTLHosp to enjoy low tax rate. Other valuable are its prime landbank in Sentul (YTL land), Japan and UK (YTLP)

YTL own YTL cement and 78% Mcement will benefited most in current tumbling coal price. Although coal is USD imported, but price tumbling is far more than strength USD cost. Coal form about 25-30% in cement production, lower coal price and elevated cement selling price locally will give profit expansion in next Q following due to time lag factor in coal price adjustment in its feedstock inventory.

Beside, YTL cement in langkawi is hub to export cement to regional market, Mcement also export cement to Singapore, enjoying currency factor too.

I cannot figure any other stock can benefited most direct from strength in USD (45% Jordan power, 20% Jawa power, YTL cement export market), Pound (Wessex water, UK property development), SGD (Power seraya + geneco + YTL land)

We are still in month of June, and currency strength in USD, Pound and SGD continue breaking record high, it will translate into non-operation profit expansion by at least 5%more in next Q due to currency factor alone

Needless to worry at all. You are invested in re-rating stock, with EPS growth forward + dividend, NOT the speculative stock.

YTLP started to move up after Malaysia lifted energy to Singapore policy and momentum accelerated. after record massive EPS growth.

YTL started to move up strongly follow YTLP and leap up after Humeind report massive improvement in cement operation, spill over to its subsidiary Mcement and YTL go up in tandem. Momentum up again after HSR news and reaffirm after record EPS growth.

Therefore, as long as all above catalyst factor remain, share price will sustain elevated and awaiting for next Q result to reinstate its capability on earning growth, declare higher dividend for re-rating to continue upward forward.

Don need worry about selldown as coming Q will declare higher dividend and anytime soon for MRT3 official award

The US$2.1 billion project is financed via 25:75 debt to equity, where US$1.3 billion of credit is provided by a syndicate of Chinese banks for a tenure of 15 years. Such short tenure of financing 15 year vs. 30 year power purchase agreement + 10 year extension offer ample of opportunity for YTL to opt for refinancing, allowing more cash payout in future

YTLP hold a 45% stake, its equity portion of the Jordan project worth US$225m. The project is estimate to generate a mid- to high-teen internal rate of return + additional gross margin 5% on shale mining, total profit is estimate around RM 200m pa or additional yield accretion EPS = + 2.5sen

Attarat oil shale-fired power station officially started commercial operation in Jordan on Friday, marking the full operation of Guangdong Energy Group's first overseas mining and power joint venture. The project, which uses local oil shale resources as fuel, cost more than $2.1 billion, including two 277 megawatt recirculating units and support for the oil shale mine, whose an annual output is more than 10 million metric ton
https://www.chinadaily.com.cn/a/202305/31/WS6477022ba3107584c3ac32da.html

Attarat oil shale-fired power station officially started commercial operation in Jordan on Friday, marking the full operation of Guangdong Energy Group's first overseas mining and power joint venture. The project, which uses local oil shale resources as fuel, cost more than $2.1 billion, including two 277 megawatt recirculating units and support for the oil shale mine, whose an annual output is more than 10 million metric ton
https://www.chinadaily.com.cn/a/202305/31/WS6477022ba3107584c3ac32da.html

https://www.youtube.com/watch?v=Gub5sEASrvA
This is a historic date for Jordan, the Attarat Power Plant commenced it's Facility commercial operation, both units have since under NEPCO dispatch supplying energy to the national grid on 30th May 2023, making it the first solid fuel power plant in Jordan to harness the potential of Attarat low quality oil shale as a source of energy for next 25 years and beyond. Our Story started from 2006 and the achievement is a breakthrough since it is not only setting a new industry standards but also reinforcing Jordan's commitment in ensuring energy independency for future.

https://www.youtube.com/watch?v=Gub5sEASrvA
This is a historic date for Jordan, the Attarat Power Plant commenced it's Facility commercial operation, both units have since under NEPCO dispatch supplying energy to the national grid on 30th May 2023, making it the first solid fuel power plant in Jordan to harness the potential of Attarat low quality oil shale as a source of energy for next 25 years and beyond. Our Story started from 2006 and the achievement is a breakthrough since it is not only setting a new industry standards but also reinforcing Jordan's commitment in ensuring energy independency for future.

Perhaps YTL need to post another sustainable Q result to convince market and built up more confident. In the meantime, wait for coming Q to entitle YTL higher dividend declaration.

Award of MRT3 will be announce anytime soon as tender already open, YTL bid is the lowest at RM 10.8 billion, save RM 1 billion compared to IJM second lowest bid at RM 11.8 billion, just wait for official announcement

dragon328
Do you know why mcement Q3 profit before tax RM 98m is lower than YTL cement division profit before tax RM 121m? YTL in fact only control about 78% stake in mcement.

Question 1
How much was the outstanding construction order book as of 30 June 2022? What are the
key construction projects in hand? As the construction of Gemas-Johor Bahru electrified
double track project, one of the largest construction projects undertaken by the group in
recent years, is at the tail-end, how does the group intend to replenish the order book of the
construction segment?

Question 1– REPLY
The outstanding order book is about RM10.9 billion.
In addition to Gemas, our Group has secured contracts for infrastructure developments
including solar power generation and digital infrastructure for telcos.
Industrial contracts include development, design and construction of data centers, and two
industrial warehouses, where we have the ability to build for clients as well as build-to-rent,
facilitated by a new logistics team to support leasing for mega warehouses.
On the residential property front, we will be embarking on a new residential development in
Kwasa Damansara, and our Construction division handles planning, design and project
management for our Brabazon property development project in the UK

The cement unit price index rose in January (2.6% m-o-m, 9.3% y-o-y), February (6.8% m-o-m, 9.6% y-o-y), March (1.1% m-o-m, 10.2% y-o-y), and April (0.3% m-o-m, 7.7% y-o-y).

The average price of cement (ordinary Portland) rose 1.4% to RM22.81 per 50kg in May 2023 from RM22.50/50 kg in April 2023

But, the major cost of cement production, coal, fell to $140 per tonne, the lowest level since July 2021, down almost 70% from its record high of $457.8 reached in September last year, resulted big leap up in cement profit margin expansion

https://www.geneco.sg/

YTL seraya marketing division, Geneco, have many marketing strategy to grab Singapore electricity market share, promotion and rebate through many bundle package to lock in customer for 6 month, 12 month and 24 month and rebate through auto bill with credit card

SGD = RM 3.46
Pound = RM 5.82

https://www.geneco.sg/

YTL seraya marketing division, Geneco, have many marketing strategy to grab Singapore electricity market share, promotion and rebate through many bundle package to lock in customer for 6 month, 12 month and 24 month and rebate through auto bill with credit card

SGD = RM 3.46
Pound = RM 5.82

Upcoming award MRT3 worth package RM 10.8 billion will be major key catalyst to breakout RM 1.00 decisively

heading toward RM 1.00

pound = RM 5.83 (continue breaking record)