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2020-05-09 21:22 | Report Abuse
12% IRR
Klau take in debt d equity IRR % wil go thru d roof due power of leverage tapi there wil b a bit to give a way tapi stil very very good
2020-05-09 18:46 | Report Abuse
Experts always talk details provide data specify specifications...
i3lurker u r a fraud
2020-05-09 18:29 | Report Abuse
Don't try to avoid jawap ni
SarifahSelinder i3lurker
How do some IPP wit 12% IRR hit mid teens IRR?
Insider mcm u must know
09/05/2020 6:23 PM
2020-05-09 18:28 | Report Abuse
Tapi both punya project cost lebih kurang same ma
IPP mainly machine not so many variables
2 machines of d same kind produce almost identical products
2020-05-09 18:23 | Report Abuse
i3lurker
How do some IPP wit 12% IRR hit mid teens IRR?
Insider mcm u must know
2020-05-09 18:21 | Report Abuse
No.. both shd be SUBSTANTIALLY d same
More similarities thn differences
2020-05-09 18:16 | Report Abuse
I3lurker oiiiiiiiiiiii i3lurker mana u 'yang?
2020-05-09 18:12 | Report Abuse
i3lurker always ada jer overwhelming evidences... but...
2020-05-09 18:10 | Report Abuse
DK66
Ya
Sarifah can fly tapi x boleh tunjuk la
Tapi Sarifah can fly tahu
2020-05-09 17:44 | Report Abuse
i3lurker
the all things IPP knowing I3lurker (self claimed IPP expert wanna be)
SarifahSelinder i3lurker
the all things IPP knowing i3lurker (self claimed)
Some IPP wit EVN given 12% IRR somehow can capai mid teens IRR how do they do tat?
09/05/2020 5:09 PM
2020-05-09 17:23 | Report Abuse
So u see speculation doesn't pay
Sarifah always hv profit kat JAKS
PureBULL ... All Great winning stocks = Ms U on KLSE fly from
i. M 1 = Std 1 to Std 6, then stop for awhile for
ii. M 3 = Std 6 to Form 6 n stop for awhile finally to
iii. M 5 = Tertiary
jaks always failed at Std 6.
How did i know ?
I CUT loss 2 times, at super FAST speed !
PureBULL ... All Great winning stocks = Ms U on KLSE fly from
i. M 1 = Std 1 to Std 6, then stop for awhile for
ii. M 3 = Std 6 to Form 6 n stop for awhile finally to
iii. M 5 = Tertiary
jaks always failed at Std 6.
How did i know ?
I CUT loss 2 times, at super FAST speed !
09/05/2020 5:17 PM
2020-05-09 17:09 | Report Abuse
i3lurker
the all things IPP knowing i3lurker (self claimed)
Some IPP wit EVN given 12% IRR somehow can capai mid teens IRR how do they do tat?
2020-05-08 12:54 | Report Abuse
Yes all dah settled by then
Risk free
6x is good
4x is simply great
2020-05-08 12:29 | Report Abuse
DK66
Given ur profit projections10% ni kan dibeli at PE apa agak nya?
DK66 Dear OTB, Thank you for the information
----------------
OTB Posted by probability > May 8, 2020 12:00 PM | Report Abuse
yeah....best is if they can show some sign that thwy will increase their stakes to 40%
may be sifu OTB can dig this info
------------------
Ans :
Jaks will increase their stake to 40% once COD is in place.
May be less than a year after COD.
I was told in this way.
Thank you.
08/05/2020 12:10 PM
08/05/2020 12:21 PM
2020-05-07 17:50 | Report Abuse
The problem is the term IRR is being used very very loosely n as such means different things to different ppl n on context
As Sarifah said before wat u said has merit too
Investee
Also I think IRR should cover U$1.87b capital investment only without debt and tax.
07/05/2020 5:11 PM
2020-05-07 17:39 | Report Abuse
Klau u derived u 16% based in Vihn Tan 1 reported results tis 16% IRR probably is the sum of capacity payment + energy payment
Capacity payment = 12%
Energy payment 4%
Hai Duong also can hit mid teens IRR
Capacity payment = 12%
Energy payment = sales of electricity
probability sarifah, kamu yg kata Hai Duong and Vinh Tan 1 is apple to apple...tapi i kata Vinh Tan 1 pine-apple sebab i estimate IRR dia around 16%
sebab tu i kata jangan banding dgn Vinh Tan 1
Klu you ada bukti IRR Vinh Tan 1 sama at 12%...then berita baik la untuk Hai Duong...
harap mengerti
07/05/2020 4:49 PM
2020-05-07 16:46 | Report Abuse
Taksiran Sarifah EVN granted 12% IRR to ALL the IPP at the time when Hai Duong was approved
12% IRR mcm mana the IPP companies want to twist n turn with their funding critical sama mana EVN x kisah
2020-05-07 16:40 | Report Abuse
Knew u r going to ask
Can't b too difference isn't it?
Anyway where do u see it is not 12% IRR?
probability sorry sarifah, where is the info that EVN guranteed 12% IRR to Vinh Tan 1?
kindly share
07/05/2020 4:35 PM
2020-05-07 16:37 | Report Abuse
12% IRR EVN guaranteed only d capacity payment n doesn't include energy payment.....
2020-05-07 16:34 | Report Abuse
Sarifah think mcm mana critical x relevant sgt
EVN guaranteed IRR 12% to both Vihn Tan 1 and Hai Duong n both funding structure 75:25 make them apple to apple enough
2020-05-07 16:24 | Report Abuse
Follow Vinh Tan 1
Klau Vihn Tan 1 is an apple
Hai Duong IPP is an apple
Follow Vinh Tan 1 is comparing an apple to an apple
2020-05-07 16:20 | Report Abuse
x pernah dengar ke let's d figure speaks for itself
2020-05-07 16:17 | Report Abuse
probability
U ni a nonsense
Post details x nak post keep talking round n round
2020-05-07 14:53 | Report Abuse
The best is u show ur calculations using ur understanding of the 12% IRR
2020-05-07 14:53 | Report Abuse
Tapi
SarifahSelinder Peer comparison wit Vinh Tan 1 is DK66 best work
07/05/2020 2:45 PM
2020-05-07 14:50 | Report Abuse
Admittedly wat u bilang kat sini ada merit n might tally wit wat Sarifah said
SarifahSelinder Must clarity
Did EVN specify the 75:25 funding requirement bila it quoted the 12% IRR?
07/05/2020 1:47 PM
X
SarifahSelinder Did EVN ever bother itself with funding structure of an IPP?
07/05/2020 1:50 PM
probability The below gives step by step sample evaluation:
Project IRR and Equity IRR: A Curious Connection
https://feasibility.pro/project-irr-and-equity-irr-a-curious-connection/
Calculation of the internal rate of return considering only the project cash flows (excluding the financing cash flows) gives us the Project IRR.
07/05/2020 2:45 PM
2020-05-07 14:45 | Report Abuse
Peer comparison wit Vinh Tan 1 is DK66 best work
2020-05-07 14:40 | Report Abuse
Anyway Sarifah dah decided to remain invested in JAKS Hai Duong IPP
2020-05-07 14:31 | Report Abuse
Vinh Tan 1 result is after deducting interest
Vinh Tin 1 guaranteed IRR quoted by EVN is probably 12% IRR too
2020-05-07 14:29 | Report Abuse
No tis is not true
Sbb Vinh Tan 1 oso ada debt financing
probability
However, hope i can conclude that the only argument you have that we should use FCF-E on Project IRR given by management of 12% is because, FCF-F will wipe out the Earnings significantly below Vinh Tan 1.
2020-05-07 14:11 | Report Abuse
GUARANTEED 12% IRR wat does tat mean?
2020-05-07 14:10 | Report Abuse
Not hiding jz different interpretation of the 12% IRR
2020-05-07 14:07 | Report Abuse
12% IRR appears the IRR given to ALL the IPP
2020-05-07 14:06 | Report Abuse
DK66
Allowed doesn't mean it is a condition to have 75:25 bila EVN quoted its 12% IRR
DK66 sarifah, Vietnam allows only projected IRR of 12% under certain assumed operating conditions to ensure IPP are not overpaid.
07/05/2020 1:58 PM
2020-05-07 13:50 | Report Abuse
Did EVN ever bother itself with funding structure of an IPP?
2020-05-07 13:47 | Report Abuse
Must clarity
Did EVN specify the 75:25 funding requirement bila it quoted the 12% IRR?
2020-05-07 13:40 | Report Abuse
Alamak jgn go back to efficiency
Upfront the 2 of u must clarity n agree on wat IRR of 12% guaranteed by EVN means
2020-05-07 13:32 | Report Abuse
EVN upfront cannot guaranteed return from sales of electricity
2020-05-07 13:30 | Report Abuse
Sales of electricity return is the one that can push IRR to mid teens
2020-05-07 13:29 | Report Abuse
There is further return from sales of electricity
2020-05-07 13:29 | Report Abuse
probability
Klau what u said is true thn 160m is d minimum not d maximum being the 12% IRR return that EVN can guaranteed also equal capacity payment
probability Not sure what you mean. If you exclude the interest and make the FCF-E(equity) Icon had used and replace with FCF-F(firm), you can then work back on the required FCF-F to make the IRR 12%, you can then determine the FCF-F.
With the FCF-F, you have to then deduct the interest to obtain the Earnings.
This way, the earnings cannot exceed 160M. However its quite sensitive to the time frame/intervals between cash outflow and inflow used.
Posted by DK66 > May 7, 2020 1:04 PM | Report Abuse
If you could explain the results of Vinh Tan 1 under the assumption that the interest cost is excluded, then further discussion shall be meaningful.
07/05/2020 1:24 PM
2020-05-07 13:17 | Report Abuse
Probability
Rephrase ur question properly
2020-05-07 13:01 | Report Abuse
U ni x reply jz pusing pusing?!
SarifahSelinder Yg ni u kira guna IRR cara mcm mana? Same cara DK66?
probability
my JAKS earnings projection still stands about max 160M per year
06/05/2020 7:33 PM
probability @DK66, on Icon's IRR 12% derivation comments section, i could not find your explanation on why the interest should be included when its a Project IRR.
I had presented my resources on why Icon's calculation is incorrect here:
http://infrastructure-projectfinance.blogspot.com/2013/11/project-irr-vs-equity-irr.html
http://ecapslock.com/project-irr-vs-equity-irr/
Internal Rate of Return (IRR)
.............................
Internal Rate of Return (IRR) is a rate on which NPV of the project equals to zero i.e. value arriving by discounting all the cash flows of the project with IRR rate will be zero.
Project IRR (PIRR) and Equity IRR (EIRR)
........................................
The project is generally financed in some proportion of Debt and Equity.
The project IRR gives the rate of return from the whole project. It is calculated presuming that there is no debt portion in the project financing. It calculates the rate of return considering the cash flows from the project only (i.e. except financing cost). Project IRR will remain same irrespective of capital mix of the project.
The above is not matching Icon's derivation here:
https://klse.i3investor.com/blogs/icon8888/2020-05-01-story-h1506818792-_Icon_Jaks_Resources_IRR_Model_Shows_That_RM300_mil_Net_Profit_p_a_For_.jsp
Its has significant impact on earnings estimation, as such kindly elaborate on this.
Thank you
07/05/2020 12:40 PM
2020-05-06 19:57 | Report Abuse
Sarifah pun rasa meeting wit team Andy not adequately addressed kat ni
Tapi
DK66 peer comparison n OTB stil bet big is enough confirmation tat JAKS kan great
2020-05-06 19:33 | Report Abuse
Yg ni u kira guna IRR cara mcm mana? Same cara DK66?
probability
my JAKS earnings projection still stands about max 160M per year
Stock: [JAKS]: JAKS RESOURCES BERHAD
2020-05-09 21:23 | Report Abuse
i3lurker u cannot la