数码银行年尾面市　丰隆:与传统银行共荣共存
https://www.orientaldaily.com.my/news/business/2023/07/14/580075

@bullrun2025
1. Rm 1.10 is my preset target.
2. YTLP is a bit cheaper than before.

全部YTL卖1.10，转回去YTLP 1.27.

（吉隆坡11日讯）经济部长拉菲兹指出，能源转型路线图将涵盖价值250亿令吉国家项目，由私人界参与开发的首批10个国家旗舰能源转型项目将在7月27日揭晓。

“不过，取消再生能源出口禁令的细节（包括确切取消的日期）有待公布，预期需等到8月或月。

https://www.sinchew.com.my/20230712/%E8%83%BD%E6%BA%90%E8%BD%AC%E5%9E%8B10%E9%A1%B9%E7%9B%AE%E6%9C%88%E5%BA%95%E6%8F%AD%E7%9B%85-%E5%85%AC%E7%94%A8%E4%BA%8B%E4%B8%9A%E5%95%86%E6%9C%BA%E6%97%A0%E7%A9%B7/

FY2024&FY2025
YTL 9.5 sens (assured by CEO of YTL)
YTLP 15 sens (based on local research report, for reference only, still unconfirmed)

Better margins for RE players from lifting of export ban
https://www.nst.com.my/business/2023/07/929689/better-margins-re-players-lifting-export-ban

希望我国能快马加鞭，增加绿色能源的生产。
新加坡需要大量的绿色能源。
而印尼也在虎视眈眈这块蛋糕。

Work on Indonesia-Singapore floating solar farm in Batam to start next year
https://www.straitstimes.com/asia/se-asia/work-on-indonesia-singapore-floating-solar-farm-in-batam-to-start-next-year

Earnings of utility firms likely to be sustained
This could potentially ensure higher dividend payout for YTL Power (given the stronger profits and cash flow) to 15 sen a share (yielding 11.9%) in financial year 2024 to 2025 versus the house’s conservative assumption of only eight sen a share.
https://www.thestar.com.my/business/business-news/2023/07/11/earnings-of-utility-firms-likely-to-be-sustained

FY2024&25
YTL 9.5 sens
YTLP 15 sens

马币，haiz，扶不起的阿斗。出国越来越贵了。
3.46
4.67
5.98
。。。。。。

约旦的阿塔拉特(Attarat)发电厂项目，使约旦背负巨债。

然而，在正式开放几周后，这个项目却引发了激烈的争议。这座发电厂坐落于约旦首都南边由黑色易碎的岩石构成的贫瘠荒漠中，围绕该发电厂的交易让约旦背负了数十亿美元的债务（发电厂价值21亿美元）——所有这些都是为了一座其能源不再被需要的发电厂，因为自该项目酝酿成形以来，约旦已经达成了另外的协议。

约旦阿塔拉特(Attarat)油页岩发电厂1号机组和2号机组分别于去年10月和今年5月投入商业运行。

大约15年前，阿塔拉特油页岩发电厂最初被构想为实现国家能源自主雄心的一种方式，但现在因其高昂的价格而在约旦引起了愤怒。如果最初的协议得以维持，约旦将不得不在30年内向中国支付惊人的84亿美元来购买该电厂发的电。

截至6月，总部位于巴黎的国际商会(International Chamber of Commerce)的仲裁院举行了听证。

自从去年秋天两台发电机组中的第一台投入使用以来，约旦政府只支付了一半的月费。
自从去年秋天两台发电机组中的第一台投入使用以来，约旦政府只支付了一半的月费。
自从去年秋天两台发电机组中的第一台投入使用以来，约旦政府只支付了一半的月费。

https://www.voachinese.com/a/new-power-plant-leaves-jordan-in-debt-to-china-20230706/7170283.html

这个网站，是亲美国的网站。看的时候，需要稍微过滤。

网上借钱太便利 导致印尼人负债累累
https://www.zaobao.com.sg/news/sea/story20230709-1412276

看来，数码银行，可以是一把锋利的双刃剑。
这会不会是新一代的殖民主义的工具呢？

一些的领域，确实面对高折旧的挑战。
不过，高折旧的挑战，一向来都是存在的。
所有踏入电讯业的业者，无一例外，都要面对高折旧的挑战。

虽连年亏损·潜力仍巨大 杨忠礼电力无意售YES

基金经理更直言，杨忠礼通讯表现不佳，若将其脱售，相信公司的股价将会一飞冲天。

杨肃宏表示，实际上YES已取得除息税折旧与摊销前盈利（EBITDA），不过，碍于高折旧，严重拖累整体表现。

但他披露，并未打算将其脱售，因为相信电信业务，将可成为公司开拓数字领域的平台。

在去年5月，随着新加坡冬海集团（SEA）携手杨忠礼数字资本私人有限公司，获得国家银行颁发的数字银行执照，预计能透过电信业务达到协同效应。

https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E8%99%BD%E8%BF%9E%E5%B9%B4%E4%BA%8F%E6%8D%9F%C2%B7%E6%BD%9C%E5%8A%9B%E4%BB%8D%E5%B7%A8%E5%A4%A7-%E6%9D%A8%E5%BF%A0%E7%A4%BC%E7%94%B5%E5%8A%9B%E6%97%A0%E6%84%8F%E5%94%AEyes

Pestech fingers YTL’s construction unit for negative cashflow woes
https://www.freemalaysiatoday.com/category/highlight/2023/07/04/pestech-fingers-ytls-construction-unit-for-negative-cashflow-woes/

If privatized happened, hopefully Yeoh’s family will take the interests of minority shareholders seriously.

https://www.nst.com.my/business/2023/06/925785/report-domestic-solar-power-players-be-fashion
"We see further tailwinds from easing cost factors, as solar module prices have dipped to US$0.17/W (from US$0.23/W in early 2023) and may further retrace to US$0.15/W. "Note that polysilicon prices have plunged by 56 per cent year-to-date and 80 per cent from the peak in August 2022 due to oversupply," it said in a note.
不懂500MW的太阳能发电会不会获益？

The firm was guided that the TPC will have minimal impact on YTL Power International Bhd as bulk of the generated volume (c.75- 80%) is sold to its retail arm, and the rest sold to SP Services (under a vesting contract scheme) and the wholesale pool.
PowerSeraya真会做生意。

@shpok4574 去年我国的暴利税，真是让人无语，希望新政府对经商友好一点。

@dragon328, noted.
Since the water bill is low, so, even if the cost increase 30%, it will not become a serious issue if compare to electric bill.

Meanwhile, the group explained that the recent bid for Boustead Plantations Bhd is related to the expansion of its data centre business.
https://www.thestar.com.my/business/business-news/2023/06/30/bullish-dividend-plan-by-ytl-corp

原来竞标油棕芭不单单是为了太阳能发电，而是为了扩张数据中心的版图。YTLP的最新数据中心是使用太阳能发电。所以，需要庞大的地来提供太阳能。

Consumer groups said at the time that the increase of 8p a day could be a “tipping point” for the one in five customers who were already struggling to pay.
生活越来越不容易。

Most companies are asking the regulator to approve real-terms price increases of an average of 25% between 2025 and 2030, it reported. Thames Water is reportedly proposing rises of 20%, while Wessex Water wants to put up its prices by 30%.
https://www.theguardian.com/environment/2023/jun/28/water-firms-push-for-bills-in-england-to-rise-by-up-to-40-per-cent-say-reports-sewage-climate
Wessex Water千万要小心小心。

Public anger has been further stoked by the payment of dividends to investors and large salaries and bonuses to water industry executives.
由于目前英国百姓的口袋非常压迫，所以对于公共机构的收费非常敏感。收费要拿捏得好，是一项大挑战。

在路演中，杨忠礼机构强调的重点包括，该公司将在2024和2025财年里，每年动用10亿令吉派息，相当于每股9.5仙或10%的周息率，高于我们预期的6仙。
=哇，看来公司对于FY2024以及FY2025的盈利有信心。这无疑对我这样的股息投资者来说，这公告真是太太太重要了。赞哦，作为一间愿意和股东分享成果的上市公司。

此外，该公司也表示不会脱售任何核心资产，但非关键的资产则会被出售，最新交易为霹雳的售地案，带来7000万令吉的现金。
=不懂YES的定位如何？多希望属于非关键资产。我个人觉得YTLP对待YES太仁慈了，应该给YES财政独立的压力吗，不然YES是不会积极努力去迈向收支平衡。
=这公司一旦决定卖掉一些资产的时候，通常是为了下一个有信心的目标做准备。这会是什么呢？

YTL和YTLP之间的差距来到了30仙了。不懂还会不会再进一步的拉进呢？
在双方股价爆发之前，二者之间的差价只有10仙。会不会回到从前呢？

YTL Corp Bhd plans to pay RM1 billion in dividends per annum for the financial year 2024 and 2025, translating into dividend per share (DPS) of 9.5 sen and yield of 10% per annum.
https://themalaysianreserve.com/2023/06/28/ytl-corp-targets-rm1b-dividend-payout-open-to-strategic-acquisitions/

PESTECH与杨忠礼建筑 分包合约纠纷闹上法庭
https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/pestech%E4%B8%8E%E6%9D%A8%E5%BF%A0%E7%A4%BC%E5%BB%BA%E7%AD%91-%E5%88%86%E5%8C%85%E5%90%88%E7%BA%A6%E7%BA%A0%E7%BA%B7%E9%97%B9%E4%B8%8A%E6%B3%95%E5%BA%AD

Kulai土地，664ha，至少可以生产500MW的太阳能电量。
莫实得种植在柔佛有（占7513公顷），不懂可以生产多少的太阳能电量呢？

以下是报纸新闻：
另外，马银行投行分析员说，莫实得种植持有的种植地，有1万7609公顷为永久地契，而大部份地皮位于柔佛（占7513公顷）以及吉打（占5560公顷），优越地点也适合用于发展房地产。
此外，当中的3万8640公顷或60%的土地为可持续棕油圆桌会议（RSPO）认证区域，因此是吸引种植公司竞标的原因。
https://www.orientaldaily.com.my/news/business/2023/06/19/574020

万事俱备，只欠东风。
1. 新加坡目前需要更多的电，对于再生能源更是渴求。能提供多少，都杀。
2. 目前只有YTLP在新加坡有经营能源公司。
3. 目前YTLP已经出口着再生能源到新加坡，在TNB的合作之下。
4. 过去曾猜测，按照YTLP的风格，它是会自家生产再生能源的。看到YTL投标棕油公司的土地的时候，就证明了它的去向。
5. YTLP已经开始在Kulai建设太阳能发电厂。这说明了，太能能发电所需的技术以及配件来源，YTLP都具备了。
6. 目前所差的，只有土地一环。当然，再生能源出口的政策，会不会持续，确实是很大的未知数。

This RE policy, certainly will make the future brighter.

@goody99, thanks for the info.

i think YTL is already aware about this, and YTL and YTLP will play important role to increase the renewable energy stake in the market.

Everything is ready, only lack of lands...

目前新加坡政府短暂调整顶价是无可厚非的。这短暂的调整，明显是针对气候的突变，明显是针对气候的突变，明显是针对气候的突变，而不是针对供电商的高净利。换句话说，只要气候正常，一切会打回原形。看到新加坡政府的对策，真的凸显了他们的稳定和成熟。

政府的出手，无非在暗示，4QFY23，新加坡的业务的净利会再次刷新高。再看看今天的马币新币兑换率，3.46。马币没有最弱，只有更弱。

@dragon328 salute to you.

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

YTL Power looks to grow RE ambitions

https://www.thestar.com.my/business/business-news/2023/06/20/ytl-power-looks-to-grow-re-ambitions

For sure, Power Seraya profit margin will reduce.
But OVERALL YTLP business still in well position, isn't it?

@CloeTai PS, Power Seraya

Still need to wait for the new regulation detail to come out.
We will see this impact during 1QFY24.

As for me, it just delayed a bit the pace reaching 20 EPS yearly.

The overall profitability still intact.

相信成熟的新加坡政府应该只会对最后的超级暴利率来下手。

果然是这样。
当供电非常紧的时候，最后的2%电费是超级超级高昂。

新加坡政府确实是需要对这样的情况作出策略性的调整。这机制就好像亚航马航的最后2%的机票一样，贵得超级离谱。

看来，来季将会是PS最后一次呈现暴利的季报了。

Singapore to End 3,000% Power Price Spikes That Sank Companies
https://theedgemalaysia.com/node/671712?utm_source=Newswav&utm_medium=Website

On the domestic market, foreign investors were net sellers for every day of the past week, except for Monday when there was net buying seen in counters such as Maybank, RHB and YTL Corp.

https://www.thestar.com.my/business/business-news/2023/06/19/foreign-outflow-persists-on-bursa-malaysia-with-rm1894mil-net-equities-sold

YTLP已经忙于DC的投资，而YTL好像比较有子弹。

YTL(3QFY23)
Cash and cash equivalent 13.47b
TOTAL ASSETS 76.63b
TOTAL LIABILITIES 58.80b

YTLP(3QFY23)
Cash and cash equivalent 8.88b
TOTAL ASSETS 55.53b
TOTAL LIABILITIES 41.05b

在想，为何YTL来标这些这些种植地？
在想，若要用来建太阳能发电厂，为何不是让YTLP来标？像kulai的那一片一样？
是不是要把一部分用来注入YTL Land，然后再让适合用来发电的，卖给YTLP？
从报章的内容来看，似乎YTL得标率蛮高。
今年似乎是YTL的爆发年。

Same owner listed as 3rd shareholder among YTL 30 largest shareholder.
HSBC Nominees (Asing) Sdn Bhd– Credit Suisse (Hong Kong) Limited
506,561,781 (4.62%)
YTL Annual report 2022, pg 74.

yes, found in the annual report of ytl power.

8th among 30 largest shareholders

HSBC Nominees (Asing) Sdn Bhd
– Credit Suisse (Hong Kong) Limited
253,278,119 （3.13%）
Annual report 2022, pg 104

UBS, listed as 3rd shareholder among those 30 largest shareholder.
HSBC Nominees (Asing) Sdn Bhd– Credit Suisse (Hong Kong) Limited
506,561,781 (4.62%)
Annual report 2022, pg 74.

刚刚看了马币的汇率，今天马币又再贬。
新币兑马币 3.45
英镑兑马币 5.86
美金兑马币 4.63 （约旦）

若继续这样贬下去，马币真是没眼看咯。

12/6/2023，switching half of my YTLP shares to YTL.
sold RM1.30, buy mother share 0.95.

https://www.straitstimes.com/singapore/transport/byd-leads-ev-sales-race-in-2023-long-time-leader-tesla-falls-to-second-place-followed-by-bmw

这报道说明了，新加坡的电子车占市场的百分比不断攀升，虽然目前还是只占非常小的比例。

不过，却继续消耗更多更多的绿色电力。