Durians still growing lah. Meanwhile, keep on signing until durians start to drop.

@mf, two days ago you said `sell' why now do you say `collect'? Very confusing, can explain?

Operator final push down before announcement?

The major shareholders and their proxies, by now, must be controlling a very substantial percentage of the shares. They who seemingly have deep pockets (unlike the owners of Jaks), may not resort to further dilution of the shares in the future. Let's hope their main objectives are price appreciation and dividend income. In doing so, they can transform Toyo to become a sought-after blue chip in the future.

It strikes me that the power plant project is handled by the major shareholders (creditors). It was probably their idea, to use Toyoven as the platform to secure the SH2 project. On paper, they acted as passive investors, but in actual fact, they went all out from day one. After 15 years of endeavor, they are now almost there. When their Chinese partners withdrew, I believe it was a blessing in disguise because instead of 40% they now totally own it. We now hope that they will fully maximize the benefits that can be extracted from this project.

Has anyone worked out the revenue from the electricity supplied? Should Jaks x 2 be a good indicator?

Sell on news? The immediate key resistance is 1.67.

Time to start moving?

I think financing for the project has been secured only waiting to be announced. I have been in and out of this company for a number of years and hope I'm right this time around for not pulling the trigger.

Thanks for your answer.

@ Knilaobu, are you still having your Bentayga-sized investment in Toyovan?

Very positive news! Don't forget PECC2 is a Vietnamese state-owned company. Announcement of financial closure won't be far off.

Perhaps Durio has more info to share?

Thanks!


ValueInvestor888
Project costs USD3.2 billion. 75% financed by debt ie around USD 2.4

Can anyone explain how the project cost was greatly reduced from USD3.20 to USD2.40?

Durio's info showed the keeness of the Vets to have the project started. Left to Toyoven to tie up the loose ends.

Looks like it's going to be a crazy day. Is more positive news coming up?

It seems that the Vietnamese gov. (desperately?) wants Song Hai 2 to proceed because electricity is currently being supplied from the north. There are even plans for Song Hai 3. It is now up to Toyoven to deliver.

@Knilaobu, from the latest news, it looks like your bentayga-sized investment will show a profit.

AnwarKawKaw, typical `wet blanket', to re-quote HazByn `only balls of steel may enter.

How high can it go before the winner is declared?

Ghostvision, looks like fight for control going on between certain parties, don't you think?

Positive news?

Knilaobu, your thoughts on the chances of Share Sale Agreement signed by the Vietnese government?

Toyo finall taking off? Good news ahead?

@Knilaobu, personally project on or off?

Is project still on? Anyone care to explain?

@Knilaobu, for late submission, greasing required for approval?

durio, the news on the Song Hau 2 power plant doesn't seem to be the latest, as both parties are now at the financial closure stage. However, from the report, it seems both parties are keen for the project to proceed. Will the date of financial closure be announced soon?


durio

https://en.vcci.com.vn/investors-remain-determined-to-develop-thermal-power-plants

Still waiting for QR. If it is good, will operator pump or dump?

The trick is to go in at the support level (after dump) and wait for next pump. Seems to work every time.

@Sweetchocalates, late QR may be a red flag. Operator is from inside, so we have to be extra careful and not be too greedy. Some more, operator has failed many times to push the price above the resistance of 1.00.

@Sweetchocalates, sell on news?

@loribalak, I mean to give some indication of the BIG Project to be announced.

@tigerroar hint, hint, can?

@tigerroar38, what big project? Is it connected with Iris?

Likely one of the substantial shareholders cashed out. Like what happened to Toyoven when their MD was ousted.

Time to move up again?

Wallstreetrookie, unbelievable comment from you!

Valid reason for delay (by two weeks) in financial closing. Sing bank (instructed by Sing gov?) finally did not allow bank account to be opened because of ESG issues. Bank account opened in Malaysia, no problem.

Why prominent directors suddenly resign? Red flag.

To requote HazByn `only balls of steel may enter...'

Power Plan Project is on. Will CEEIC still be JV Partner?

MGRC have finally got a good marketing team.

I think the Power Plant will proceed once the huge debts with the creditors have been settled. I totally agree with HazByn `only balls of steel may enter...' hahaha.

Ousted exMD would have sold all of his stake by now. Time to reverse. Power Plant Project still on.

Don't forget Jendala Phase 2 coming up.

After so many false starts, this time to fly.

Limit up is possible. RM1.00 is also possible.

Andra KD Limit up next week..

What is the BIG Announcement?


Tiger I we wait for the big announcement lor.. just be patient