Don't worry, this stock is on uptrend. The stock is now under consolidating. After banker finish collecting tickets at range 0.275 - 0.290, they will pushes it up to 0.3 anytime soon.
@santiago i dont really trade this counter, but i got this info from a person familiar with this matter. It has been agreed by government and will be announce within this week.
Normally i dont advise any buy or sell, as normally people will sell on news. Anyway, congrats who still hold till now. It is a turn key to the company to get involved in power plant industry.
In the next few month Tadmax as Independent Power Producer (IPP) will sign Power Purchase Agreement with Tenaga Nasional Berhad that will last for 21 year (minumum). Can extend up to 25 year.
It will guarantee Tadmax at least RM100 million fix income every month. Same like YTL Power received it in 1993 as a IPP.
For Power Plant project that will cost RM3.5 billion, it will generate fix income of RM1 billion per year.
With KEPCO from Korea, one of the biggest utility company in the world as a shareholder, this project will go smoothly
With that kind of tariff, no way Tadmax will generate fix income of RM1 billion per annum. So please don't simply speculate. Why the counter price don't move on announcement but is going south. You don't need to be a rocket scientist to understand this. Tadmax won't even be able to get to financial close. No financial close means no project.
No latest news about this counter. But tadmax have been confirmed to continue this project. Past 2 or 3 days very big volume. I think contra action selling time up.
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Cakes Moon
6,930 posts
Posted by Cakes Moon > 2019-07-11 15:02 | Report Abuse
Any update on the power plant contract?
The trend here seems weak.