add more at 1.28

Thanks for another update, now the unit 1 confirm operation by mar 2020

http://tinhuyhaiduong.vn/news/Pages/new.aspx?ItemID=1749

bought back Jaks at 1.27

Add vstec at 1.16-1.17

Agreed, paramount special dividend + final dividend remain very attractive in current bearish market. Accumulating back before special dividend declare

DK66

Hai Duong is 越南海阳 not 越南沿海.....Oh my mistake, i thought the link is refer to Hai Duong.

Cut position

根据越南沿海项目EPC里程碑进度计划，2020年底将实现1号机组投产，输煤系统及附属工程必须全面加快施工。面对点多面广、进度压力巨大、资源投入多、交叉作业多等局面，项目部坚持加强本质化安全，落实工艺质量管控，加大资源组织协调，全面组织各区域、系统春节连班加快施工进度，确保项目履约....

It seem the commecial operation will not commence so soon on Mar, but should be on second half of 2020.

Stay sideline first, enough profit today, see how next week before re-enter back again.

Rebound trend reverse, awaiting to buyback on weakness

sold back some paramount at 1.42-1.43

sold back again at 12.14-12.16

bought back at 11.80

awaiting to buyback on weakness

sold back all BAT at 12-12.02

Malton is expect to record disposal gain from Bukit Jalin Pavilion about RM 20m or 4sen in upcoming Q result. Malton also is now able to recognized ADDITIONAL construction profit from Bukit Jalin pavilion which previously 100% own, but now reclassified as JV company.

Alike Jaks, YTLP will getting another NEW source of Power profit from Jordan shale oil fire power.

The profitability of power plant is determine by internal rate return on total cost of investment.

Even Jaks power plant is 1200MW vs YTLP Jordan power plant 470MW. The cost to build jaks is USD 1.87 billion vs cost to build YTLP USD 2.1 billion.

The internal rate return 12% for jaks is based on total cost of investment USD 1.87 billion. The internal rate 15% + 5% shale oil mining is based total cost of investment USD 2.1 billion.

The profitability is NOT based on power plant capacity 1200 MW vs 470MW, as all these power plant have 25 year concession and 30 year concession receptively.

No doubt, YTLP share volume is much higher than jaks, but YTLP jordan new source of power profit will still able to increase YTLP current EPS by at least another 50% from EPS= 6sen to EPS= 9sen.

Based on YTLP 70-80% dividend payout, YTLP dividend could increase from current 5sen to 7sen, more than 9% dividend yield

Agreed with DK66. Jaks trading volume is big enough to absorb any selloff. Focus on power profit as time is courting down on first unit to start sell electricity very soon.

Don miss the LAST chance on Paramount upcoming special dividend 30sen/sen and record EPS gain 82sen on disposal, a massive incremental value on current market price now at RM 1.35.

Now is courting down time to announce special dividend 30sen/share soon.

bought back malton at 45sen

Please take note, the strong rebound come together with more than 3x higher volume, indicate that more upside on recovery next.

bought YTLP at 77sen

add more paramount at 1.33

sold back jtiasa at 84sen

sold back rswait at 31sen

Very strong rebound with huge volume

Just keep it and treat it as 10% dividend income stock

The recovery come with 2 x higher volume

The disposal will allow paramount to realize gain EPS = 82sen/share and declare special dividend 30sen/share. The declaration of special dividend will be anytime from now.

The proposed disposal includes 69.7% of Paramount Education Sdn Bhd, 80% of Paramount Education (Klang) Sdn Bhd and 80% of Sri KDU Sdn Bhd, for RM134.5 million, RM21 million and RM385 million, respectively.

The proposed disposal is expected to result in a pro-forma gain on disposal of RM487.81 million, which will be utilised for special dividend distribution (RM177 million), acquisition of landbank (RM150 million), repayment of borrowings (RM133.65 million) and working capital (RM57.85 million). Paramount’s total borrowings stand at RM1.09 billion.

The maiden power profit can be recorded as soon as in Mar when first unit start selling electricity, only just about month ahead to see jaks major turnaround from construction stock to Power stock with 25 year steady concession

Already in the midst of recovery

Recovering

bought back Jtiasa at 81-82sen

bought back rsawit at 30sen

Add more BAT at 11.10

It is typical selling pattern adopted by foreign fund, as once fund decide to pull out from particular stock, it will continue selloff aggressively for few day to clear all their stock holding.

BAT is big cap stock, hold by many institutional fund. While some fund may exit and create short term free fall, once ease off, many other institutional fund will cover back albeit slowly.

Bear in mind, any transaction need both seller and buyer. Seller clear stock till lowest level, buyer accumulate till lowest level, dividend yield turn to 10% now. Once seller clear off, no more stock to press any further, buyer especially institutional fund will marked up price to enjoy higher stock gain.

After heavy selloff with volume for consecutive few day, BAT finally have ease off selling pressure indicating seller have clear stocks, no more volume to press down further.

Such oversold condition will create rebound back momentum. Once, stock rebounding, many will follow fast to cover their short position, creating higher rebound momentum

Interest rate cut ---> 12 month deposit rate cut to below 3% vs. 10% NET dividend return offer by BAT,

simple option to select, yet many still no awaken.....

Those naysayer keep on pressure on BAT, wanted < RM 10 need to wait sideline, perhaps for another decade.

The oversold condition may also prompted other to cover back short position

Impossible to find BAT at current depress price that offer 10% dividend income now, it could be lowest point now awaiting for rebound soon.

BNM cut interest, bank deposit rate cut < 3% vs. BAT offer NET dividend income 10%.

Dear DK66

My worrisome already clear after studied thoroughly and re-study again all other article and posting about jaks power plant. The potential profit with many proof and comparison to justified.

The opportunity of etting so many up to date news about power plant latest progression and 1 month profit contribution to be recorded in Q1 financial result indeed restore greatest confident. I wish to thanks again for your kind explanation and clarification... Hat off to you.

added more jaks-wb at 1.18

Wow....TP RM 4.97-7.10 depending on admin cost. These TP is fair if judging from EPS range 50-70sen, valuation at PE 10x. The EPS should start progressively deliverable in Q1 2020 when for first unit start commecial operation in Mar.

The margin of safety is too attractive if compared to current open market price.

2020年是越南海阳项目实现“双机投产”的“全力冲刺年”，是由基建期进入运营期的“提速换档年”，既要保投产发电、保稳定运行，又要保营业收入、保投资收益.......Thumb up

DK66

Noted, turbine testing should be the last mile before the start commecial operation and officially generate electricity for profit. With such speedy progression, the unit should be able operation in Mac, and jaks should be able to record its maiden power profit for 1 month in Q1 result.

selling pressure easing, time to rebound

Dear DK66

After steam blow completed 2 day ago,

当地时间2020年1月20日1时，公司总承包的越南海阳2×60万千瓦燃煤电厂工程1号机组1号锅炉吹管工作圆满完成。

　　越南海阳项目部组织各参建单位紧密配合，制定了吹管前安全措施和吹管过程中的安全监督措施，对整个准备工作严格把控，并在吹管过程中对临吹系统、四大管道系统、锅炉膨胀系统等进行了全面检查，为1号机组1号锅炉吹管工作提供了坚实的保障。

Now next is steam turbine rolling to 3000 rpm. To test run turbine, Jaks coal power need to now start fire coal to generate heat right? there will be electricity generate in these turbine testing right.

If remember correctly, electricity generated during testing period will connect to the grid and sell electricity for profit right?