today volume transacted is small...a healthy correction for next wave.

Anwar promoting Msia in US currently. If YTLP can secure big name in tech like google to take up some MW power for YTL Green Data Centre in Johor, then price will fly. Just a dream...😄

Will likely be included in FBM Mid 70 Index in coming dec review. More funds will buy as FMB Mid 70 tends to outperform KLCI over last 10 years.

current price is still angel investor price. next year investors will need to pay for inflated IPO price...

this mini PLUS too cheap to ignore even at current mkt cap of RM 2.3B...

any news? Almost certain that price will breach RM 1 in time when tolls open up in stages.
This mini PLUS is a stable growing business with little or no competition, majority owned by IJM...

price surge out of sudden... no chance to buy below 70sen anymore

It is very childish to expect politics to be clean. This is not happening even in US or UK, the countries with the best political system, some may say. The most important thing is we select a right govt. Unity Govt or Pas led govt? Which govt can bring a better Malaysia. Let's move on. HK

now mkt goreng Johor theme. YTLP is also johor play, besides other catalyst like inclusion of MSCI, Jordan power plant and other re-rating...

dividend adjusted all time high price is around RM2.29 at Nov 2010.
All investors are making money in this stock. Buy and hold win big...

more and more parties interested to export power to Singapore, besides laos, Msia...😅

https://www.thestar.com.my/news/nation/2023/09/06/sarawak-in-negotiations-to-build-undersea-power-cable-connection-with-singapore

confirm MSCI entry at mkt cap...

look like hng33 will miss next stop at RM 2 if not buy back at 1.80

target price of RM 2.30 is reasonable expectation for this year...

at current mkt cap of close to RM 15b, will likely be included in KLCI index in coming revision. Price uptrend ahead of quarterly results

mkt theme for this year : Solar and green energy after Rafizi announced National Energy Transition Roadmap lately

YTLP also benefited from the hype and attracted hot money. Other solar play include Slvest, UEMS etc

All research reports expect PowerSeraya to normalise which is good. Take example of Kenanga report, even at normalise earnings from PowerSeraya, they still give TP of RM 1.85. They have not factor in future earnings from green data power centre which has long long growth and able to secure high PE or valuation if they list it as data centre REIT. Look at PE for data centre REIT listed in US you know...

Yes we should vote for PH. PAS/PN is only good at politicking religion and has no knowledge and contribution towards economy development. Let them remains in Kelantan, the poorest state.

YTL closed 4 year high today...better own both and wait for the good results

i think big funds taking profit. RM 1.50 is a good price for those funds who what to cash out.
i3 does not have so much influence on share price. Hopefully EPF done their selling...

ytl share price not affected. only YTLP, likely funds like EPF take profit...
Current price has not priced in extraordinary profit. If you look at analyst reports, their TPs are based quite conservative and sustainable power supply income from Spore. There are other catalysts like UK, forex gain, and other ventures

can only buy low and sell high for glove stocks. wait for RM 1.60-1.80 (price to book) range again to buy...

https://www.thestar.com.my/business/business-news/2023/05/19/msc-to-decommission-butterworth-smelting-plant-for-improved-efficiency

can bet again at RM 2.16, cheap enough

Good quarter results coming...

any good news?

MSC not only tin play but also growth stock as it has capacity expansion...

bursa not very efficient leh, already know myanmar supply issue and tin price up last week, today only up... Give me opportunity to add more at 2.17+ before today jump...

Now everything in right track,eg green power, HSR, less corruption etc. If Anwar govt can survive this state election, investors more confidence Must vote for Anwar govt. If racist party in power koyak all foreign investors cabut...

YTL mkt cap exceeded YTLP
YTL maybe included in KLCI if it continues to go up. Now its mkt cap exceeded Westport

all things look good if Anwar pro-business govt not collape after state election .
And racist Pas and PN and Tun M will make noise for selling land to YTL... PAS should remain to lead the poorest Kelantan state only after state election.

Hong Leong Investment Bank TP RM 0.71

Kraken FPSO now operating at 90%

Yesterday, Armada announced that one of the three malfunctioned HSP transformers for the Armada Kraken FPSO has been reconditioned. We gather that the vessel’s operational performance has returned to approximately 90% of pre-shutdown levels. We are positive on this development.
Previously because of the shutdown, we have imputed a 6-months downtime for the FPSO based on a daily charter rate of approximately USD480k/day (or USD175m/year)
– which we now realise is not as severe as expected. In view of this Kraken FPSO issue likely being entirely resolved by FY23 and assuming full status quo in FY24f, we maintain our BUY recommendation on Armada with a higher TP of RM0.71 – pegged to a P/E multiple of 6x on rolled-over mid-FY24f earnings, which is at a 35% discount to its peer Yinson’s one-year forward multiple of 9x. With that, we reinstate Armada as our top pick in the sector.

NEWSBREAK
Yesterday, Armada announced that one of the three malfunctioned HSP transformers
for the Armada Kraken FPSO has been reconditioned. We gather that the vessel’s
operational performance has returned to approximately 90% of pre-shutdown levels.
HLIB’s VIEW Positive – two out of four HSP transformers are now up and running. Recall that Armada earlier announced on 21 June 2023 that its Armada Kraken FPSO has startup and was at 60% of pre-shutdown production levels – following the failure of three out of four of its critical HSP transformers previously. Now, we understand that the
said FPSO is running on two out of four HSP transformers after one of the faulty ones
has been reconditioned and the FPSO’s performance has returned to about 90% of
pre-shutdown levels. We are positive on this development.

Not as severe as initially expected. Previously because of the shutdown, we have imputed a 6-months downtime for the FPSO based on a daily charter rate of approximately USD480k/day (or USD175m/year) – which we now realise is not as severe as expected. However, we highlight that there is a good possibility that because of its current suboptimal production levels (optimal would be 95% and above), the group may not be able to rake in full bareboat charter rates until the problem gets fully resolved.


Forecast. Unchanged. We view that a downtime of 6 months is prudent enough (for additional repair and maintenance costs due to Kraken’s shutdown) given the current developments of the group. To be conservative, we make no changes to our forecasts and we now believe that there is a possibility of upside earnings risk to our FY23f net profit estimates.

Japan mkt is super bull. YTL has exposure to Japan properties...

https://www.bbc.com/news/world-europe-65845441

Ukraine war: Russia says ammonia pipeline blast may end grain deal

Urea price recovered and up 38% from low in June due to Russian ammonia pipeline was damaged...
https://www.reuters.com/world/europe/russia-says-it-will-take-1-3-months-repair-ammonia-pipeline-2023-06-07/

https://www.reuters.com/world/europe/russia-says-it-will-take-1-3-months-repair-ammonia-pipeline-2023-06-07/

WCE has a lot of cash after disposal of land. Land compensation is not big issue as everything can be settled with money.

Not only toll collection, the development surrounding the highway and leases will be growth engine too for WCE in next 50 years...

WCE is majority owned by IJM. IJM is a company with good mgt and always get things done.

Buy and hold to win big like cold eye.

i think can start betting pchem as urea is recovering and russia will be banned from suppling urea soon...

USD interest rate is peaking and will drop next year.
In recent AGM, mgt guided that retention sum around RM 80m-100m( cannot remember) as i only have small n insignificant holding of Jaks.

at current valuation of RM 2b, look like WCE is a sure win bet even at current price for a mini PLUS as cold eye once termed it

i hope voters have wisdom to vote in this state election and let Anwar govt lead for 5 years. If not happy only change in next election. Msia cannot affort to have another political uncertainties.

https://www.malaysiakini.com/news/671693

Not likely to change govt even PN and PAS who only talk religion but no care of economy win big

strong leh... any good news? Kraken back to 100% operational after 2 weeks?

Has to support Anwar govt if they can survive this state election, HSR is a go which will boost economy. Muhiddin govt cancel HSR and pay hundred of millions compound which is very "clear"....

smart investors have started to appreciate the value of WCE...

This May announcement " Indicative Principle Terms and Conditions"... can anyone in the banking explain what is it?

OTHERS TOYO VENTURES HOLDINGS BERHAD ("TVHB" OR "THE COMPANY") - UPDATE ON PROGRESS OF BOT CONTRACT AND THE GOVERNMENT GUARANTEE FOR THE INVESTMENT PROJECT OF BUILDING OF SONG HAU 2 THERMAL POWER PLANT IN VIETNAM
TOYO VENTURES HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description TOYO VENTURES HOLDINGS BERHAD ("TVHB" OR "THE COMPANY")
- UPDATE ON PROGRESS OF BOT CONTRACT AND THE GOVERNMENT GUARANTEE FOR THE INVESTMENT PROJECT OF BUILDING OF SONG HAU 2 THERMAL POWER PLANT IN VIETNAM
Further to the announcement dated 29 December 2020, 24 June 2022, 5 July 2022, 12 July 2022, 26 July 2022, 8 December 2022 and 31 March 2023 on the execution of the BOT Contract with the Ministry of Industry and Trade of the Socialist Republic of Vietnam (“MOIT”) and the Government Guarantee (“GGU”) with the Government of the Socialist Republic of Vietnam for the investment and development of “Song Hau 2 Thermal Power Plant Project” in Vietnam (“the Project”), the Board of Directors of the Company wishes to inform that Song Hau 2 Power Company Limited ("SH2PC"), a wholly-owned subsidiary of Toyo Ink Group Berhad (“TIGB”) which is in turn a wholly owned subsidiary of TVHB, had on 11 May 2023 received an Indicative Principal Terms and Conditions for the Project syndicated loan.

TVHB will make the necessary announcement on the progress of the project and once the Indicative Principal Terms and Conditions have been signed and finalized to Bursa Securities in due course.

This announcement is dated 12 May 2023.

vietnam is keen as it is facing electricity shortage esp during hot weather.
Securing financing is not easy after China Xi said stop financing...

Good start to imagine the valuation. If 124km with average 5.2 years remaining give valuation of RM 4.3billion. WCE 233km with about 30+10 years concession should give valuation of at least RM 10b (RM4.3b x 3), just my imagination.

---------------
in 2022 ALR paid the following generous amount to take over the soon to be expired highway concessions (let's omit Smart in the discussion) :
$1.19 bil for Kesas , 57.5 km concession expiring 2023(1 year left from 2022)
$2.21 bil for LDP, 40km concession expiring 2030 (8 years left from 2022)
$863 mil for Sprint ,26.5 km , concession expiring 2031/2034 (avg 10 years left)
Total sum paid for 3 highways = $4,263 mil
Total length for 3 highways = 124 km
Remaining concession live (weighted avg basis) = 5.2 years only !
(Note ; once concession expire, no toll would be collected)

Let's factor in the distance and concession remaining live into the equation :
ALR paid $4,263 mils for 124 km and for 5.2 years concession, ie $6.6 mil per km per concession year !

WCE is 233 km and remaining concession is 40+10 years (concession runs from 2013, 10 years lost!) . How much should it potentially worth ??

https://www.bloomberg.com/news/articles/2023-07-05/singapore-struggles-to-fix-power-market-after-wild-price-swings?srnd=premium-asia