What do you guys think of the earning report released yesterday? How come the trading volume is so low after the earnings report? Is it because the earnings report is within expectations? The shortfall in earnings vs previous year is expected?
the date is set by ministry.... from past experience the FSA not signed by deadline.... but this time most issues have the solutions.... Let's see how....
Only accounting impact.... the venture has not yet generate income.... If the venture start pay dividend, Mudajaya can open rupee account and only convert when the rate is good.... Or else it could be used for future expansion in India, if any...
Analyst give 50% discount ascribed to its India IPP venture has more than taking into account of the India Rupee depreciation... They have factor in large discount for India power when doing valuation already...After take into discount, the target price is much higher than current market price...There is room for grow for this stock...Be patient..
once rupee recover... this stock will recover too...India power plant equipment purchased is based on USD.. Therefore, rupee depreciation no impact to construction job for the power plant.
Recent share buy back from company and lembaga tabung haji (LTH) will support the share price. LTH acquired at price higher than current price. This trend should continue until the dividend ex-date. Look for stage recovery these few days.
Equipment is in USD but labour and contruction material normally are purchase locally. I do hope it will recover as I do hold mudajaya. Anyway, lock it for 2 years and see how it goes. And yes, LTH has been buying this share and increased to 10% of the shareholding. hope that will help to maintain the current price.
Seem like the progress to sign FSA is going well. Hope that it can be settled by this month and no more obstruction for the power generation by next year....
Some idiotic anylist will say...it doesnt matter that the fsa's been signed,they havent produced power.....n when power is produced they'll say its only 1 plant....n when all plants r running they'll say some other bs......wanna guess who...RHB
Analysts said the fuel supply agreement (FSA) could help fuel a re-rating on Mudajaya, despite the weakening rupee that may hurt earnings contribution from its Indian IPP venture. [[ taken from above link]] but can weakening rupee create some impact on mudajaya??
Mabye initial investment in rupee is good, later when income generating, rupee can be parked there and converted when exchange rates are better - long term investment over 20yrs.
actually really hurt? yes if it convert to USD, but MYR also depreciation, then less USD can get back more MYR, in the term, look like the loss is not serious as what just look at down rupee. furthermore,this week rupee actually jump up very high as well.
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smallfish
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Posted by smallfish > 2013-08-29 10:36 | Report Abuse
What do you guys think of the earning report released yesterday? How come the trading volume is so low after the earnings report? Is it because the earnings report is within expectations? The shortfall in earnings vs previous year is expected?