Ha! Ha! Told you guy's months ago, the Bakun stuff won't work.

Read as follows : http://biz.thestar.com.my/news/story.asp?f...86&sec=business

No, buddy.

Latest move, I sold my Stareit stocks and dived head on into Starhill Global (Singapore), which is currently 25% of my portfolio. Managed to get it @ S$0.59

Coming week looks interesting for Starhill.

I will look at result of U.K. elections (May 06), to see the effect on Pound before re-evaluating YTLPOWR.

http://www.timesonline.co.uk/tol/news/poli...RSS&attr=797084

Another important factor to consider is as follows:

Is WiMAX or LTE the better 4G choice? 

http://biz.thestar.com.my/news/story.asp?f...98&sec=business

After spending Billions, WiMAX better deliver, if not........................................    

My advice to all my friends and also to myselves 

is don't put all your eggs in one basket.

CHINA'S biggest power producer China Huaneng, which has just announced a 41 per cent jump in first-quarter earnings thanks to surging domestic electricity demand, said that its Singapore unit Tuas Power boosted its market share here in Q1.

Tuas Power - Singapore's third-largest generating company with 2,670 megawatts - upped its share of the local electricity market to 24.5 per cent, from 22.4 per cent in Q1 last year, China Huaneng said.

Last year, Malaysian YTL-owned PowerSeraya became the market leader here with a 27.2 per cent share, overtaking French-Japanese owned Senoko Energy, which dropped to second place with 26.4 per cent. Tuas Power was third with 24.3 per cent, figures from Energy Market Company recently showed.

China Huaneng said this week that its Q1 net profit was 952.82 million yuan (S$191 million), up from 676.25 million yuan a year back.

In Q1, its domestic generation within China rose 40 per cent year on year to 58.578 billion kilowatt hours (kwh). It attributed this to higher economic activity that boosted power use nationwide, as well as its own sales efforts.

China Huaneng has controlled generating capacity of 49,433 MW and equity-based capacity of 45,912 MW.

In Singapore, it is boosting Tuas Power's capacity and has started construction of a stand-alone $2 billion clean coal/biomass cogeneration plant that will produce 1,000 tonnes of steam per hour and 160MW of electricity for industries on Jurong Island.

Tuas Power is also spending $400 million to build a fifth gas-firing combined cycle plant of about 400MW, replacing an older steam plant.

Govt may announce soon plan for power plant up
By JAGDEV SINGH SIDHU
jagdev@thestar.com.my

KUALA LUMPUR: The Government is expected to announce soon the plant up for new power stations to avoid reserve margin of electricity dipping below 20% in 2015 but analysts say there is a bigger problem over the horizon.

The expiry of first-generation power purchase agreements (PPAs) would take place around the same time and analysts feel a solution to address that situation would be critical.

“Going by the rate of electricity demand, there is a need for more planting up,’’ said an analyst.

The general view is that 700MW to 1,000MW would need to be added to the national grid by 2015 to preserve the reserve margin buffer.

The need for additional power for Peninsular Malaysia comes after plans to receive power from Bakun dam was scrapped in view of Sarawak’s own demand for energy to be used by heavy industries that will be built in the state.

Tenaga Nasional Bhd (TNB), in a briefing last week, said it would expand its coal-fired power plant in Manjung, Perak, to meet future energy demand.

“Manjung is the preferred option based on its location, the target for the plant to be operational by 2015 and the minimum cost involved for transmission,’’ TNB chairman Tan Sri Leo Moggie said at the briefing.

He said without new sources of energy, TNB’s power reserve margin would drop below the critical 20% by 2016.

MMC Corp Bhd on Thursday threw its name into the hat of power players that will be willing to build additional power plant by saying that it would be interested in spending up to US$1.2bil to build an additional 800MW plant at its Tanjung Bin complex in Johor.

Analysts said should the additional 1,000MW be built by 2015, it would push the reserve margin back up to around 30% but there were also other issues to be considered.

First, the 1,000MW would represent additional capacity to meet the demand in the immediate future and does not take into account the country’s long-term energy demand.

For that, more is needed and the number that is being talked about is 4,000MW up to 2020.

To meet that demand, analysts believe the type of power plants to be built would move away from gas-fired due to supply constraints.

Unless the price of gas is liberalised to reflect global commercial rates, Petroliam Nasional Bhd might not be interested in supplying gas at subsidied prices beyond its current obligation.

“We don’t have much choice but to go for coal-fired plants,’’ said TA Securities analyst James Ratnam.

TNB and MMC Corp’s unit Malakoff Bhd would be the obvious candidates for the new plant ups, given their involvement in coal-fired plants, but analysts expect other IPPs to voice their interest too.

While there might be a consideration for renewable energy to meet future demand, James said cost to the consumers could prove prohibitive. “Would Malaysians have the stomach to bear that additional cost?’’ he asked.

Another issue that the Government needs to grapple with would be the expiry of first-generation IPPs.

Maybank Investment Bank Bhd analyst Teh Chi Chang said if the concessions of existing IPPs were not extended, the country might be looking at a razor-thin reserve margin after 2015.

By then, the concession of IPPs will expire, starting with YTL Power International Bhd, Tanjong plc and Malakoff. These three plants have a combined generation capacity of 2900MW.

Haha very interesting article in The Edge Malaysia. Something about YTL at the end of the article.
Greek Problem

Our first nuke plant by 2021
By LESTER KONG
lester@thestar.com.my

KUALA LUMPUR: The Government has approved the setting up of a nuclear power plant which is slated to start operations in 2021.

Energy, Green Technology and Water Minister Datuk Seri Peter Chin Fah Kui said his ministry had been given the go-ahead by the Economic Council to start identifying suitable sites.

Declining to reveal the possible sites and the total power deliverable, Chin said the nuclear plant needed to be built in an area with high power demand.

“Building of the first plant needs a lead time of at least 10 years. We need to look at the safety aspects, human resources and the location,” he told reporters after launching the first Carbon Neutral Conference on Sustainable Buildings in South-East Asia yesterday.

Chin said the International Atomic Energy Agency had the final say on whether the plant could be built.

“Technology know-how and providers may possibly come from either South Korea, China, France or Japan,” he added.

On the disposal of radioactive nuclear waste, he said the matter would be worked out with the technology provider at a later date.

Chin stressed that a nuclear plant was sorely needed to meet the country’s accelerating energy needs and ensured its energy security.

He pointed out that national energy demand topped out at 14,000 megawatts (MW) out of a maximum capacity of 23,000MW.

“We do not want a situation where we have to start buying our coal from foreign sources. Nuclear energy is the only viable option towards our long-term energy needs.

“Our energy mix is rather unhealthy. We are depending too much on coal and oil,” he said.

Chin stressed that despite nuclear energy’s astronomical start-up costs, it was more cost- and energy-efficient than dotting the country with coal-fired power plants.

“Our renewal energy sector is also very small. It has only a supplementary role,” he said.

On the political fallout from building a nuclear plant, Chin said the Government would be ready to explain it to the people on the need for one.

darkknight,

YTLPWR got anything to do with this 

WiMax news like everytime hear but no sign of it also. 

In Hokkien is "Baa already".

Observed this today.

24 x 500,000 shares transacted at 4:50pm. That's 12 million shares sold and bought in one minute. One major investor offloaded to another major investor at 2.18 per share.  
One sen below previous close. Someone lost confidence or maybe see something coming? ......... and who agree to buy? EPF?

C'mon fellas dig for the information.

How long can YTLPOWR investors ignore the falling pound? 

Morgan Stanley Issues HUGE Short Call On The Pound As Hung Parliament Fears Drag On

Read more: http://www.businessinsider.com/morgan-stan...5#ixzz0nctDtaef

Haha no I have not plan to sell it. So far it's still profitable and working as intended.

So where is the pound going after the new leadership?

 
  Live rates at 2010.05.13 11:59:09 UTC   
1.00 GBP = 4.70760 MYR 
United Kingdom Pounds    Malaysia Ringgits 
1 GBP = 4.70760 MYR  1 MYR = 0.212423 GBP
 

I feel like trying out currency trading, pound beginning to look really cheap.

Especially if it goes even lower.

LATEST COMMENTS BY FRANCIS YEOH:

On whether the weaker pound sterling would affect YTL Power International Bhd's receivables from Wessex Water Ltd, Yeoh said being a diversified international player, there were bound to be earnings translation losses and gains from overseas investments.

YTL Power acquired Wessex Water, a water and sewerage operator in the United Kingdom, in 2002 for £1.24bil.

He said investors should look at the company's long-term operational efficiency and profitability instead of its quarterly performance.

“All our overseas assets operate on their own and having borrowings in their local currencies provide a natural hedge against foreign exchange fluctuations.

“We are very happy with our investment in Wessex and aim to make it the top water and sewerage company in the world,” Yeoh said.

An analyst with a local brokerage said most investors bought into YTL Power for its strong dividend yield.

hi darkknight, at the price rm2.20 per share what is the estimated dividend yield at current dividend payment? is it 6%