Blogger's Note: Currency crisis… in Britain? We've been watching the pound sterling take a dive over the last couple of days, not just against the euro, but against the much-maligned dollar. We found the following article on the BBC website. And Gordon Brown is still blaming America for the problems of the UK economy. We think our friend Merryn Somerset Webb got it right in yesterday's TFN contribution.    Baltimore — (TFN):The pound has fallen to an all-time low against the euro after weak manufacturing data underscored a gloomy outlook for the UK economy. Sterling fell to 75.86 pence per euro, its weakest since the single currency was introduced in 1999.  The pound also hit a 10-month low versus the dollar at $1.9485.  After a strong year in 2007, the pound is expected to weaken this year as interest rates come down and the UK economy slows. The pound hit a 26-year high against the dollar last year, above $2.

So what is that mean? We can get free warrant?

YTLpowr still rock solid!

Haha, at the time I wrote it went back up to 2.16 from 2.14, performance was good till then, manatau lose steam afterwards 

today no even 1 transaction???
so quiet.....

Six bidders vie for Muharraq wastewater contract  Published 18th February 2010  Bahrain’s tender board opened six technical bids on 18 February from the following consortia to build, own and operate a new 100,000m3/d wastewater treatment plant on Muharraq Island: Acciona Agua (lead) with Besix and Kuwait Finance House; Metito Berlinwasser (lead) with Mitsui; Saudi Oger (lead) with Korea Water Resources Corp. and Samsung C&T; Samsung Engineering (lead) with Unitied Utilities; Sumitomo (lead) with Degrémont; and YTL Power International (lead) with Wessex Water. The most notable absentee from the bidder list is the Veolia Water/Keppel Seghers consortium, which was among attendees at a technical conference for bidders in November 2009.  The $250 million 27-year contract also includes the construction of a 15km deep tunnel sewer main and a wastewater connection network. Fifteen groups originally prequalified in February 2009, and a number of those groups subsequently expressed doubts about the risk profile of the major civil works included in the project.

YTL Communications to launch 4G network Published: 2010/02/22   Share7  PDF format PDF Email article EMAIL Print article PRINT Currency Converter CURRENCY CONVERTER Enlarge font size LARGER TYPE Reduce font size SMALLER TYPE TOOLS DICTIONARY : THESAURUS :  YTL Communications Sdn Bhd is poised to become the first in the world to launch a nationwide 4G network, offering state-of-the-art mobile internet connectivity to Malaysia.  In a statement today, the communications utility of YTL Power International Bhd said it was committed to purchasing one million units of WiMAX single chips from GCT Semiconductor.  "This purchase agreement demonstrates YTL Communications' commitment and marks GCT's dedication to fully support YTL Communications with their deployment of a nationwide 4G service in Malaysia.  "GCT will share technical expertise and provide YTL Communications with the most advanced and lowest power WiMAX chips available on the market today, making YTL Communications' vision of creating a complete ecosystem with nationwide mobile internet service using 4G a reality," it said. The one million units purchased will be consigned to key original design manufacturers selected to provide innovative 4G devices to YTL Communications this year.  GCT is the market leader in providing WiMAX single-chip solutions worldwide, holding the largest market share based on WiMAX chipsets sold and number of WiMAX subscribers currently using GCT's technology.  In the statement, YTL Communications Chief Executive Officer Wing K Lee said: "Today's announcement marks another important milestone for YTL Communications.  "Driving economies of scale is central to our ecosystem building effort as we develop the world's first nationwide 4G network. This significant order -- amongst the largest in WiMAX history -- ensures our future customers will have the best price-performance in 4G products and solutions."  GCT President and Chief Executive Officer Dr Kyeongho KH Lee said the one million-unit commitment by YTL Communications would firmly secure GCT's leading market share position and allow the company to maintain more than 60 per cent market share this year with design wins from over 40 countries including Malaysia, Korea, Japan, Russia and the United States. -- Bernama

SAN JOSE, Calif. - (Business Wire) GCT® Semiconductor, a leading supplier of Mobile WiMAX™ solutions to the global market, today announced a purchase commitment from YTL Communications Sdn Bhd of one million units of WiMAX single-chips including GCT’s GDM7205 WiMAX single chips and GDM7215 WiMAX/WiFi dual-mode single chips.  The sign off ceremony, taking place today in Kuala Lumpur, celebrates YTL Communications’ commitment and marks GCT’s dedication to fully support YTL Communications with their deployment of nation-wide 4G service in Malaysia. GCT will share technical expertise and provide YTL Communications with the most advanced and lowest power WiMAX chips available on the market today, making YTL Communications’ vision of creating a complete eco-system with nation-wide mobile Internet service using 4G a reality. YTL Communications will consign the purchased one million units to key ODMs selected to provide innovative 4G devices to YTL Communications this year.  YTL Communications is poised to become the first in the world to launch a nation-wide 4G network offering state-of-the art mobile Internet connectivity to Malaysia. GCT is the market leader in providing WiMAX single-chip solutions worldwide, holding the largest market share based on WiMAX chipsets sold and number of WiMAX subscribers currently using GCT’s technology.  “Today’s announcement marks another important milestone for YTL Communications,” said its CEO Wing K. Lee. “Central to our ecosystem building effort is to drive economy of scale through our effort to build the world’s first nation-wide 4G network. This significant order – amongst the largest in WiMAX history – ensures our future customers will have the best price-performance in 4G products and solutions. GCT is a key player in the 4G chipset ecosystem with its WiMAX solution that offers class leading power consumption and mobility performance. We are confident that with GCT’s market-proven solution and expertise, we will achieve our goal to leapfrog Malaysia into a Broadband Nation,” added Lee.  “We are pleased to further participate and contribute to YTL Communications’ 4G deployment with this strong commitment,” said Dr. Kyeongho “KH” Lee, President and CEO of GCT Semiconductor. “This one million-unit commitment from YTL Communications will firmly secure GCT’s undisputed leading market share position, and allow the company to maintain more than 60 percent market share this year, with design wins from over 40 countries, including Malaysia, Korea, Japan, Russia and USA.”  About YTL Communications  YTL Communications Sdn Bhd is the communications utility of YTL Power International Berhad which is a subsidiary of a Malaysian based conglomerate, YTL Corporation Berhad. The Company has been awarded a licence from the Malaysian Communications and Multimedia Commission (MCMC) to operate a 2.3 GHz wireless broadband network in Malaysia providing affordable, world-class services that improve the way people in Malaysia work, learn and play. With a strong financial backing from the parent company and the technological know-how from strategic, best-in-breed partners such as Cisco, Clearwire, GCT and Samsung, YTL Communications will roll out the world’s first nation-wide 4G network in 2010. As a responsible corporate citizen, YTL Communications is committed to bridging the digital divide between the urban and rural communities, improving the quality of life, and supporting efforts to promote technological innovation. For more information, visit: www.ytlcomms.my.  About YTL Power International  YTL Power International is a utility group active across key segments of the utility industry worldwide. Headquartered in Malaysia and listed on Bursa Malaysia (market capitalization RM12.9 billion (USD 3.8 billion) as at 31 October 2009), it operates in the UK, Singapore, Australia and Indonesia. Its core businesses include: power generation, retail and transmission, water and sewerage services. YTL Communications represents YTL Power International’s first investment in the communications business. YTL Power International is a subsidiary of YTL Corporation Berhad. For more information, visit: www.ytlpowerinternational.com.  About GCT Semiconductor, Inc.  GCT Semiconductor is a leading fabless semiconductor company that designs, develops and markets innovative integrated circuit solutions for the wireless communications industry. With its proven CMOS radio frequency (RF) and SOC expertise, GCT provides state-of-the-art CMOS RF transceivers and CMOS single-chip Satellite-DMB digital receivers and Mobile WiMAX solutions serving 3G and 4G mobile handset manufacturers by reducing BOM cost, lowering power consumption and minimizing size. For more information, please visit www.gctsemi.com.  Read more: http://www.earthtimes.org/articles/show/yt...l#ixzz0gJXEUkSK

Any effect on YTLp share price and why in the Cayman Islands?  Something coming up

If there is a renewal it could be after the next election. I don't think gov't will renew before that because opposition likely to make lot of noise. The first IPP by YTLPOWR is also the most criticised and always used as an example of a lopsided deal.

But who will be in control? BN or Pakatan ?

Still too early to speculate.

If not renewed can either be sold to a poor country like Bangladesh or become a museum piece.

Those hydro plants are usually quite small + they are far off from johor and Terengganu.

As for Bakun I personally think the submarine cable idea is too expensive, the gov't is always coming up with all sorts of stories about this consortium and that consortium going to implement the cable laying.     

It won't happen!!!

So don't worry YTLPOWR surely will continue to operate the power plants in Malaysia, maybe even bigger ones than before. Just need to wait for the right timing for approval.

West Malaysia is facing a water crisis and need to undergo massive peninsula wide restructuring but Selangor gov't playing political games, Najib very frustrated.

Not much available for Hydro Electric production, except some small dams here and there mostly in ulu areas.

Nuclear plant in an Islamic country?? Look at Iran. They claim it is for safe use (power generation) , but U.S. want to taruh them.

The best bet in my view for West Malaysia is gas powered power plants. Why? Because gas prices are quite low now and (over supply situation) we are in the part of the world with largest natural gas production- Indonesia is largest exporter.
Power Seraya will get it's gas for new power plant from Indonesia. If malaysia could use some of it's own + have a long term agreement with indonesia, we can have a good solution for power generation for the next few decades.

As petroleum prices are expected to go up in the coming years, natural gas might be the only way to go.

Just my 2 cents.

Gensingapore? What is that?

Gensingapore? What is that?

for CY 2009, YTLPOWR single tier div payment record.

(1) 20 Jan 09 : 7.5%
(2) 26 Mac 09 : 7.5%
(3) 16 Jul 09 : 7.5%
(4) 24 Dec 09 : 3.75%

for CY 2010, the Jan and Mac one oledi got, so the expection now is getting the same for Jul and Dec, any upside suprise will be YTLPOWR giving a 7.5% for Dec one

It is very difficult to "move" YTLPOWR price, and i dun see any good reason that YTLPOWR price sud be moving here and there ......

To move the price down, if there is any earning deterioration or external factor. YTLPOWR utilities business is fairly stable and supported with long term concession, so unless mgmt screw up, it will not move down. for this francis deserve a  .

So, as a long term investor, i just hv to wait for external factor to move the market down and do the shopping

To move the price up, u need earning enhancing asset purchased. After the singapore power plant purchase, no more purchase made by YTLPOWR. another  for francis, all his purchase for YTLPOWR (Wessex, Electranet and Seraya) proven to be a good buy, due to his prudent management style, pls dun expect him to buy this and that everynow and than.

Another point to note is that there is a big chunk of super long term warrant for YTLPOWR (WA and WB), these will buffer any big upside move oso.

The next think to be carefully watch out for YTLPOWR is the WiMAX business, i do not agree with is delayed nation wide approach as we can see his competitor oledi potong like hot cake, but i hope he prove me wrong so that my investment in YTLPOWR can increase in value......

A BIG TQ to francis........... (for all the div and share div)

may i ask... why ytl power share drop around 1st week of feb this year?

If we look at the figures in the latest quarter, Power Seraya is now contributing significantly. Compared to last quarter it only made RM59mil which is half of what we expect, this quarter it is reported that they made RM128 mil which is more in line with expectations.

As some of you YTLPOWER fans know, we calculated that Power Seraya may contribute as much as RM400 mil per year to YTLPOWER net profit. RM128 mil a quarter is a really a fantastic performance for Power Seraya. If they keep this up, we might see an EPS improvement of at least 30%. In other words, stock price have some room for improvement.

RM188 mil is the accumulated value which includes last quarters RM59 mil. Thus this quarter it contributes about RM128 mil. All the values are not quarterly but year to date, thus values are sometimes 2 times of last quarters value simply because it adds to it. So its more like 116% increase.

Something does not seem right with YTLPOWR. Could be the POUND. I dont like what I see. Sold all my stock today. Good luck to everyone.

Past few weeks GBP has been falling, falling and falling. BNM on the other hand may raise interest rates March 04(analyst are expecting due to better economic numbers). If that happens the fall of the pound may accelerate and go below 1:5

Live rates at 2010.03.01 02:55:03 UTC
1.00 GBP = 5.14299 MYR
United Kingdom Pounds    Malaysia Ringgits 
1 GBP = 5.14299 MYR  1 MYR = 0.194439 GBP
As for Bank of England rate decision on March 04 as well, may see them leave their rates as unchanged due to poor economic condition, lagging the U.S. and Euro countries in recovery.

To play safe as upside seems limited, liquidate and take a break.

My moves are sometimes quite drastic.