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 Malakoff, MMC's outfit largest IPP

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zitis
post Feb 28 2013, 07:54 PM

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Who else apply this ipo?

No need to hurry! Still got time to think... Among the factors we hv to consider :-

1- GE.
2- If the opposition win what would happen to this ipo.
3- The current market sentiment not so good.

Rumours said the price around 1.80.
plumberly
post Feb 28 2013, 09:20 PM

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I got some Malakoff shares (RM2+) in the 2000's and sold them at RM10+ for their delisting. It was also a good dividend payer.

Having second thought in getting into Malakoff boat again though I gained much from it earlier. I may be wrong here, the current IPP contract terms are not as lavish as before. Thus EPS will be less than before.

But TNM does not have the required power station to meet all the power demand. TNM needs to get the difference from IPP. So demand is there. Can someone help me with this, how much is the total power demand and how much can be provided by Malakoff? Heard that TNM will be/is building their own new big power stations.

Who are the other major IPP now in the market?

Thanks.
zamans98
post Mar 1 2013, 03:07 PM

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QUOTE(davinz18 @ Feb 28 2013, 05:02 PM)
Less people apply, Listing date postponed hmm.gif
*
no la, the ONLINE application system is down ie koyak.
So buy some time for the rest to apply as per MITI guideline - need to submit ONLINE.
davinz18
post Mar 1 2013, 03:57 PM

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QUOTE(zamans98 @ Mar 1 2013, 03:07 PM)
no la, the ONLINE application system is down ie koyak.
So buy some time for the rest to apply as per MITI guideline - need to submit ONLINE.
*
oh, okay blush.gif

Online system down means lots of people applying until cannot process & crash smile.gif
bobmali
post Mar 1 2013, 05:25 PM

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QUOTE(davinz18 @ Mar 1 2013, 03:57 PM)
oh, okay  blush.gif

Online system down means lots of people applying until cannot process & crash  smile.gif
*
I pass through MITI lobby yesterday and surprisingly not many people submitting their form although yesterday supposed to be the second last day (before they extend it today). I believe people are now scared to apply for IPO after being cheated by AK during the last Astro IPO.

Still remember during the IHH submission, they was a long queue until the entrance of the building.
masterjedi
post Mar 1 2013, 05:48 PM

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QUOTE(bobmali @ Mar 1 2013, 05:25 PM)
I pass through MITI lobby yesterday and surprisingly not many people submitting their form although yesterday supposed to be the second last day (before they extend it today). I believe people are now scared to apply for IPO after being cheated by AK during the last Astro IPO.

Still remember during the IHH submission, they was a long queue until the entrance of the building.
*
diaorang sudah hantar lagi awal bro..
hon
post Mar 1 2013, 07:33 PM

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Can start apply for this?
Why I cant see it online?
seehan77
post Mar 1 2013, 09:07 PM

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QUOTE(plumberly @ Feb 28 2013, 09:20 PM)
I got some Malakoff shares (RM2+) in the 2000's and sold them at RM10+ for their delisting. It was also a good dividend payer.

Having second thought in getting into Malakoff boat again though I gained much from it earlier. I may be wrong here, the current IPP contract terms are not as lavish as before. Thus EPS will be less than before.

But TNM does not have the required power station to meet all the power demand. TNM needs to get the difference from IPP. So demand is there. Can someone help me with this, how much is the total power demand and how much can be provided by Malakoff? Heard that TNM will be/is building their own new big power stations.

Who are the other major IPP now in the market?

Thanks.
*
Just to add on Malakoff,

Present capacity; 4400 MW
Lumut Power Plant - 650 MW x 2 = 1300 MW
Lumut GB3 - 650 MW x 1 = 650 MW
Prai Power Plant - 350 MW x 1 = 350 MW
Tg Bin Power Plant - 700 MW x 3 = 2100 MW

Tg Bin Energy (COD in 2016) - 1000 MW x 1 = 1000MW

* Malakoff also hold 20% interest in PD Power and 40% interest in Kapar Energy Ventures

Current power demand in Malaysia is around 15,000 - 16,000 MW, with safe margin targeted at 18,000 MW
Malakoff shares almost 25-30% of the current market, and the biggest IPP player in Malaysia.
http://www.malakoff.com.my/html/default.aspx?ID=13&PID=25


asambuffett
post Mar 1 2013, 10:19 PM

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QUOTE(plumberly @ Feb 28 2013, 09:20 PM)
I got some Malakoff shares (RM2+) in the 2000's and sold them at RM10+ for their delisting. It was also a good dividend payer.

Having second thought in getting into Malakoff boat again though I gained much from it earlier. I may be wrong here, the current IPP contract terms are not as lavish as before. Thus EPS will be less than before.

But TNM does not have the required power station to meet all the power demand. TNM needs to get the difference from IPP. So demand is there. Can someone help me with this, how much is the total power demand and how much can be provided by Malakoff? Heard that TNM will be/is building their own new big power stations.

Who are the other major IPP now in the market?

Thanks.
*
I think its 1MD and genting ..

Ytlp did not get renewal.
plumberly
post Mar 2 2013, 07:12 AM

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QUOTE(seehan77 @ Mar 1 2013, 09:07 PM)
Just to add on Malakoff,

Present capacity; 4400 MW
Lumut Power Plant - 650 MW x 2 = 1300 MW
Lumut GB3 - 650 MW x 1 = 650 MW
Prai Power Plant - 350 MW x 1 = 350 MW
Tg Bin Power Plant - 700 MW x 3 = 2100 MW

Tg Bin Energy (COD in 2016) - 1000 MW x 1 = 1000MW

* Malakoff also hold 20% interest in PD Power and 40% interest in Kapar Energy Ventures

Current power demand in Malaysia is around 15,000 - 16,000 MW, with safe margin targeted at 18,000 MW
Malakoff shares almost 25-30% of the current market, and the biggest IPP player in Malaysia.
http://www.malakoff.com.my/html/default.aspx?ID=13&PID=25
*
Many thanks. Looks like you are into IPP shares! Ha.
plumberly
post Mar 2 2013, 07:17 AM

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QUOTE(asambuffett @ Mar 1 2013, 10:19 PM)
I think its 1MD and genting ..

Ytlp did not get renewal.
*
Must be a big blow to YTLPower. Already sold off?

Do you know the old and new MW rates for IPP? Saw something in the newspapers that the first IPP contract was like a "cashcow" for IPP and the new one is not as lucrative. Or is this inside infor not for the public to know?

Maybe TNM with the new IPP contracts is worth investing now?

Cheerio.
gark
post Mar 2 2013, 04:25 PM

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QUOTE(plumberly @ Feb 28 2013, 09:20 PM)
I got some Malakoff shares (RM2+) in the 2000's and sold them at RM10+ for their delisting. It was also a good dividend payer.

Having second thought in getting into Malakoff boat again though I gained much from it earlier. I may be wrong here, the current IPP contract terms are not as lavish as before. Thus EPS will be less than before.

But TNM does not have the required power station to meet all the power demand. TNM needs to get the difference from IPP. So demand is there. Can someone help me with this, how much is the total power demand and how much can be provided by Malakoff? Heard that TNM will be/is building their own new big power stations.

Who are the other major IPP now in the market?

Thanks.
*
Malakoff Malaysia's power generation capacity is 5,020 MW which is 23% of Malaysian power generation capacity. Here is the breakdown of IPP.

TNB - 11,296 MW+ Upcoming Prai Power Plant (1,071 MW)
1MDB - Aquired power assets of Tanjong PLC & Genting Power & Jimah Power - 3,951 MW + 720 MW + 1,400 MW = 6,071 MW (IPP extend 10 years) whistling.gif
Malakoff - 5,020 MW (IPP extended 10 years) brows.gif
YTL Power - 1,212 MW (IPP Discontinue upon expiry)

Sabah & Sarawak- Bakun & Murum Dam - 2,400 MW + 944 MW - Sesco

There are smattering of other smaller ones...

Due to IPP provision of take or pay, if there are excess power, TNB will slow down their plants. Currently Malaysia have 15% excess power...

This post has been edited by gark: Mar 2 2013, 04:37 PM
gark
post Mar 2 2013, 04:39 PM

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QUOTE(plumberly @ Mar 2 2013, 07:17 AM)
Must be a big blow to YTLPower. Already sold off?

Do you know the old and new MW rates for IPP? Saw something in the newspapers that the first IPP contract was like a "cashcow" for IPP and the new one is not as lucrative. Or is this inside infor not for the public to know?

Maybe TNM with the new IPP contracts is worth investing now?

Cheerio.
*
Old rate IPP is 20% profit.. new IPP is about 6-8% profit. Malakoff and 1MDB has their 'old' IPP rates extended for another 10 years. vmad.gif

YTL Power will either sell to 1MDB or dismantle and sell off their power plant. (The non renewal is more or less force them to sell to 1MDB)... mad.gif

This post has been edited by gark: Mar 2 2013, 04:40 PM
davinz18
post Mar 2 2013, 04:49 PM

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QUOTE(gark @ Mar 2 2013, 04:39 PM)
Old rate IPP is 20% profit.. new IPP is about 6-8% profit. Malakoff and 1MDB has their 'old' IPP rates extended for another 10 yearsvmad.gif

YTL Power will either sell to 1MDB or dismantle and sell off their power plant. (The non renewal is more or less force them to sell to 1MDB)...  mad.gif
*
looks like malakoff is very2 good for another 10 years. 10Y of good dividend drool.gif
gark
post Mar 2 2013, 04:56 PM

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QUOTE(davinz18 @ Mar 2 2013, 04:49 PM)
looks like malakoff is very2 good for another 10 years. 10Y of good dividend  drool.gif
*
Yah... wait till Pakatan takes over...then see Malakoff want to run where and hide... brows.gif
davinz18
post Mar 2 2013, 05:54 PM

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QUOTE(gark @ Mar 2 2013, 04:56 PM)
Yah... wait till Pakatan takes over...then see Malakoff want to run where and hide... brows.gif
*
IPO after GE13.

If pakatan wins, No hope & forget about malakoff

if bn wins, 10years of profit & dividend drool.gif . Najib or others leaders become PM, Syed Mokthar still makes big profit & gets lucrative contracts (maybe even extend another 20 years brows.gif)

This post has been edited by davinz18: Mar 2 2013, 05:55 PM
davinz18
post Mar 2 2013, 06:07 PM

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Malakoff to gauge market demand ahead of 2Q relisting

Malakoff Corp Bhd will use the data on the demand for its shares from Bumiputera investors to determine the indicative price for its relisting exercise on Bursa Malaysia, possibly at the end of the secondquarter (2Q) of this year.

The country’s largest independent power producer (IPP) is now offering 275 million shares, or 36% of the 760 million shares it intends to float, to Bumiputera investors via the Ministry of International Trade and Industry (MITI).

“This offer exercise will be used to gauge investor demand and we hope to set an indicative price of the shares by mid-March for the book building exercise where the public offer price will be fixed,” said an investment banker involved in the listing exercise.

This relisting, and taking into consideration the pending 13th General Election, is being planned for the end of the 2Q, he added.

Malakoff is the country’s largest IPP with a net generating capacity of 5,020MW from six power stations.


TheMalaysianReserve
plumberly
post Mar 2 2013, 06:45 PM

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QUOTE(gark @ Mar 2 2013, 04:39 PM)
Old rate IPP is 20% profit.. new IPP is about 6-8% profit. Malakoff and 1MDB has their 'old' IPP rates extended for another 10 years.  vmad.gif

YTL Power will either sell to 1MDB or dismantle and sell off their power plant. (The non renewal is more or less force them to sell to 1MDB)...  mad.gif
*
gark,

Thanks.

Wonder why YTLPower did not get the contract renewal while others did. Maybe trying to kick VT out and reduce his dominance in M'sia industry? Similar to our Sugar King case?

Cheerio.
zamans98
post Mar 4 2013, 09:50 AM

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QUOTE(hon @ Mar 1 2013, 07:33 PM)
Can start apply for this?
Why I cant see it online?
*
aiyo uncle, this one is reserve shares for BUMI under MITI.

ONLINE in 1-2 months time.
gark
post Mar 4 2013, 10:03 AM

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QUOTE(plumberly @ Mar 2 2013, 06:45 PM)
gark,

Thanks.

Wonder why YTLPower did not get the contract renewal while others did. Maybe trying to kick VT out and reduce his dominance in M'sia industry? Similar to our Sugar King case?

Cheerio.
*
YTL is not owned by VT.. it is owned by Dato Yeoh TL. There is a lot of speculation regarding this non renewal, henhce the share price of YTLP has plunged almost 30% y-on-y. So far all of the other plants which is due for renewal is sold to 1MDB (and then renewed), all have heavy political connections. Example...

Tanjong Power - Ananda Krisnan
Genting Sanyen - Lim Family
Jimah Power - N. Sembilan Royal Family

Not to mention the not-so-smart 1MDB buys the second hand plant almost at the price of NEW plant.... doh.gif (using tax payer's money.. mad.gif )

So far the only one left which is not being renewed is YTL's plant. The scenario will be either...
1. YTL sell plant to 1MDB and get IPP renew
2. YTL sell plant to Malakoff and get IPP renew
3. YTL dismantle the plant and sell off to other power plant (second hand)
4. YTL dismantle the plant and reinstall it outside Malaysia (eg. P.T. Jawa Power)

Currently YTL's plant has been upgraded last year and is running at nearly 100% efficiency so it is still a good plant. Possible outcome will be either No 1 or No 4.

This post has been edited by gark: Mar 4 2013, 10:08 AM

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