KUALA LUMPUR, April 4 | Sun Apr 3, 2011 8:32pm EDT

KUALA LUMPUR, April 4 (Reuters) - Malaysia's YTL Power will bid for a $3 billion coal-fired power plant in Indonesia's Central Java in partnership with a consortium of Japanese companies, business daily Malaysian Reserve reported on Monday, citing unnamed sources.

The report said the 20-80 partnership, with the Japanese partners holding the larger chunk, would likely submit tender documents within a month.

Equity funding for the 2,000 megawatt plant was expected to be in the region of $500 million, the paper said. It did not disclose the identities of the Japanese participants.

YTL Power presently owns a 35 percent stake in Indonesia's PT Jawa Power, which owns a 1,220 MW coal-fired power plant located East Java. It also owns PowerSeraya, a Singapore-based power generating firm.

YTL Power was not immediately available for comment. (Reporting by Min Hun Fong; Editing by Dhara Ranasinghe)

volatile oil price is disadvantage for energy energy business.

KUALA LUMPUR, April 4 | Sun Apr 3, 2011 8:32pm EDT

KUALA LUMPUR, April 4 (Reuters) - Malaysia's YTL Power will bid for a $3 billion coal-fired power plant in Indonesia's Central Java in partnership with a consortium of Japanese companies, business daily Malaysian Reserve reported on Monday, citing unnamed sources.

The report said the 20-80 partnership, with the Japanese partners holding the larger chunk, would likely submit tender documents within a month.

Equity funding for the 2,000 megawatt plant was expected to be in the region of $500 million, the paper said. It did not disclose the identities of the Japanese participants.

YTL Power presently owns a 35 percent stake in Indonesia's PT Jawa Power, which owns a 1,220 MW coal-fired power plant located East Java. It also owns PowerSeraya, a Singapore-based power generating firm.

YTL Power was not immediately available for comment. (Reporting by Min Hun Fong; Editing by Dhara Ranasinghe)

my worry is about the expenses on expansion of yes, telco field need alot of money.

Damn. Sometimes I was wondering why the management do not have the guts to bid the investment by itself instead of going into joint venture.

Are they not competent enough to manage the investment?

Recently YTL/YTL-P engaged a lot of joint venture investment.

I will just wait this Q report + div only decide whether to "fong shou" or not. Seems like a whole lot laggard. Even some REITS are slowly catching up

Yea... Last 2 weeks... Not this week...

Looking at the price as of now, it is no surprise that it has be caused by EPF heavy dumping.

Ya, I remembered that u mentioned before, after disposing off Alaqar Reit rite?

still can go in on this counter or not?

Yup, it has already affected the earnings but not very significant.

Just wandering, what was the historical dividend yield for this share?

the CIMB research puts Div yield at 17.5%. Got so much ah or i read wrongly?

yes bro, 70,000 shares.
ready to increase to 100,000 shares if required. im just too fancy about this counter.

Wow... That's alot...
At what price did you enter? The ABP?

Envy Darkknight made tons from this counter and now entered at good price again.  I hold hold hold.... 

As NAIM hard to believe, but with EPF dumping this share while holding more than 10%, it is hard to estimate when they will stop. Previously they keep up the selling wave until they held about 9.6% before buying up again to 10.5%.

As prices fall, dividend yield will become more attractive if the dividends is kept consistent. Only slack part about it is YTLPOWER never had any official dividend policy.

Personally I was about to jump in at RM1.80, but held back due to some dilemma. Maybe RM1.80 is still not solid enough support. Last time drop to RM1.60+ range was a good entry price, this time maybe RM1.70+ is good?

YTLPOWER has always been a long term dividend counter, anything more is a bonus. Last time when I first bought it, average was RM2.30 back in 2007. When the counter down to RM1.60, lots of people throw but it was the best time to pick up. The prices recovered back to RM2.30+ supported by the dividend yield. When it hit a high of RM2.75 recently, I kind of regret didn't follow darkknight's footstep to sell it but it's still a dividend counter for me so didn't really pay much attention to it.

As far as information is available, there is no sign that fundamentally they are affected. If anything, the lower Crude oil and gas prices are favourable to their utility operations. This is the strength of utilities counter, whether rain or shine industries needs utilities to operate. Only a severe recession where industries are closing down is where their profits will shrink. Their WiMaX is a blood sucker though, but not much compared to their revenues.

But at the end of the day, it's your capital and if there is a better bet out there in the market, don't hesitate. 

The chart say otherwise isn't it? Anyway, I can't find record of the low price of 1.20. Perhaps, anyone can counter check?

Edited: Found this. Lowest was RM1.3X. There is difference between tradesignum and yahoo with bloomberg . I am not sure which is correct.

Bloomberg

Yahoo Finance

I see. Then I must have mixed up the pricing of YTLP with another stock.

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Added on September 25, 2011, 3:34 pmBy the way, how's the wimax doing for YTLP?