See page 3... file:///C:/Users/User.000/Downloads/Public%20Daily%20Trading%20Report%2014082023.pdf

dragon328, Refer to EMC's latest Daily Trading Reports

Another price spike to $4,500/MWh, two days ago.

Further to dragon328's recent post, note Sembcorp is to also develop a $900m multi-utilities facility on Jurong Island; check out article in The Straits Times dd 26 May .. Sembcorp Cogen, a wholly owned unit of Sembcorp, has awarded a turnkey contract for the development of the power plant to a consortium comprising Mitsubishi Power Asia-Pacific and Jurong Engineering...

Ya, the Big 3 with mainly CCGTs can meaningfully compete against the upcoming gen units 2026 onwards, for a few more years anyway. You also suggest, dragon328, Senoko Tuas and Seraya probaly have relatively similar fuel contracts in the midterm, so the fight for more mkt share will depend on their units' degradation and relative heat rates...

And down to the plant(s) which have relatively lower BTUs /KWh to be more price-competitive than the rest !

hng33 just shared the angmo-version AP article; thanks. Read the article again, and what is in 'between-the-lines'. Furthermore, Attarat's contribution to share price is 10-15 sen per share, according to various analysts. So don't sweat it.

Please be aware that the original Attarat article published by the Assoc Press on 5 July was authored by Isabel DeBre, since translated / revised as above. She has been with AP since 2012, based in Cairo. The 'tone' in the article is rather biased, against the Chinese co-developer and is seen as a BRI project to begin with, which is incorrect ...

To privatise ytlp, a listing condition must be 'breached', and given ytlp's share price lately, ytl has to offer cash (a lots) AND share swap.. But not impossible 😁

Some interesting trading data in SG last week - numerous half-hourly USEP spikes within periods 32-46 over 4 days (Weds, Fri, Sat and Sun) with many capped at $4,500/MWh.. Even more interesting - some demand during these spikes met by GT(s); and guess who's registered capacity (latest, as at 2 June 2023) includes GTs ?

Again, thanks for your insights, dragon 328 (corrected, this time 😁)...

Thank you dragon326 and chessgame99 for your many valid & insightful comments and exchanges, and also to the handful of others who have meaningfully contributed to this forum, which I am now finally up-to-date with !

Given the looming favourable scenario so far painted for Seraya (and Tuaspring), I venture to further remind/highlight -
1) the continuing decline in the available supply cushion, leading up to 2026, placing more pressure on long-dated retail-price renewals
2) how the above point favours the genco(s) with rising mkt share in metered energy YET TO MATCH their respective mkt share in maximum gen capacity (refer to the latest NEMS MSCP Mkt Watch Reports)
3) the growing incidents of daily spectacularly spikes in 2023 (5 days short of six months, so far !) of maximum Energy Prices ranging between $500/MWh and $1000/MWh (36 days) and greater than $1000/Mwh (a staggering 41 days !)
4) in such a continually-tightening supply market, how the younger genco units will provide better and more fuel-efficient margins (Tuaspring comes to mind, having been commissioned in early 2016, while most of the units of the 3 big boys were commissioned over 2010 to 2013), and
5) having two separable plants (within the same group) offer some well-placed supply-optimisation and pricing dynamics...

Well spotted, beluga ...

More to follow !!

I would add to facts provided by dragon328, in responding to wps123, and to enlighten wps123 further ...

YTLPower holds further liquid investments of RM1.2bil (see latest Annual Report bottom page 216), so net debt reduces further to RM21bil. More importantly, Wessex debts equivalent to RM16.4bil (see recent 3Q results page 23) are substantially long-dated - some RM10bil only repayable from 2026 until 2058 (again, refer to latest Annual Report).

So debt repayment in medium term very manageable, in spite of net profits being 'meagre' as suggested ...