The divestment of 56% stake in KHSB to KDEB is almost confirmed deal, just waiting for EGM approval and special dividend of 26.6sen will be declared later. The takeover of its 91% stake in Abbass and 30% stake in Splash is also granted approval from both Fed and State gov already, just waiting for finalization of actual price tag and Puncak acceptance. With Fed gov holding golden share, it have autonomous to push the deal through as it have no choice as Langat 2 must approve by State gov.
I believe, share price won't weaken significantly even if market tumble due to market risk, global market weakness or QE3 etc. This is because KPS and Puncak scenario are just alike takeover/privatization case in the midst to seal the deal and if materialize, both KPS and puncak will flush with cash.
I believe the swap ratio have improve to 1 YTLP to 1.2 YTL corp and 0.4 YTLP WB to 1 YTLcorp, with indicating price for YTL corp at 1.50 (5 sen more than previous take over for YTL cement at 1.45).
YTLP is like previous YTL cement case is about to turnaround as YTLP earning is expecting to improved significantly in next quarter due to
1. Stronger US dollar, Singapore dollar, UK pound
2. Price hike in Wessex Water
3. Price hike in Electranet
4. Further narrowing loss in Wimax and 1 besterinet capex is at tailing end and about ready to contributing earning
I believe YTLP opt to cancel the treasury rather than redistribute back to shareholder is proof the thesis that privatization through share swap is on the way.
By cancel the share, it essentially reduce the number of YTL share to be issue under share swap, reduce dilute effect of Yeoh family stake in YTLcorp, and increase value of Yeoh family direct stake in YTLP and YTLP-WB
YTLP will keep buyback its share from open market once the targeted exchange ratio is reach and announcement of share swap will be make offer to minority shareholder
hng, Historically, understand that Yeoh's family are pretty stingy hence minority shareholders dont get to gain much. What's your tp for both mom & son?
Agreed, Yeoh family is stingy, that is main reason why it is using YTLP to buyback share using YTLP cash hoard instead of YTLcorp.
Bear in mind, Yeoh family is indirect control YTLP trough YTL corp. Yeoh Family itself only have about 5% stake direct stake in YTLP and about 50% direct stake in YTLP-WB. Through YTLP buyback share and later cancel it, will reduce dilute effect of its stake in YTLcorp, as number of new YTLcorp share will be reduce in share swap with YTLP. In addition, its direct stake in YTLP and YTLP-WB will increase its value after cancellation in treasury share.
YTLPower share buyback is aggressive, wanna to accumulate as much as possible and yet refuse to lump sum up too high, control it sen by sen to buy more and more.
65 comments:
It has become very quiet this few week. Horse, are you still holding any IGBREIT? Thanks
Petrol and diesel up 20 cents per litre. Which industries /stocks will be affected/For sure transport company like Tiong Nam will be hit
Teng
Prices of everything gone up.Petrol,food,transportation etc. Only share prices go down !
Titus,
Yes, i am still keeping IGBREIT.
No choice, got it quite high, lucky there is DPU to cushion some of the lossess. ^^
I buy more YTL @ 1.52. Hope to make some quick money. Wish me luck.
Teng & Cheeheng,
YTLPWR-WB seem good to venture in @ 0.42 and below.
Horse
Thanks
Will try to grab some YTL and YTLP-WB tomorrow
Hi Horse,
I also holding some reits and bought substatial amount of YTLP-WB @40c average. Will see how it goes.
can't imagine paying Rm6.00 for a plate of charkeuyteow at hawker stall in the near future. inflation.>!
允雪收購4水務公司‧條件：批冷岳河濾水站
（雪蘭莪‧八打靈再也3日訊）能源、綠色工藝與水務部長拿督斯里麥西慕透露，內閣已批准雪州政府收購4家水務特許經營公司，其中條件是雪州政府必須批准冷岳河2濾水站工程。
他指出，內閣對雪州政府獻議收購雪州4家水供公司的建議抱持開放態度，但這項交易必須符合3項條件，即雙方是在願買願賣的情況下、遵守2006年水供服務工業法令以及必須展開冷岳河2濾水站工程。
“內閣已討論了由雪州政府呈上收購4家水務公司的建議書，也允准展開進一步討論和尋找解決方案。”
限3個月完成交易
麥西慕今日為第五屆國家能源論壇主持開幕後說，內閣給予該部3個月時間與雪州政府接洽和完成這項交易。
他指出，雪州於上週五因遭柴油污染河流導致雪州境內多個地區水供中斷問題，反映出中央政府與雪州政府必須合作，以確保州內的水供供應不會出現問題。
“我們將從9月1日開始算起，預料年杪會有消息公佈。
實際上我們已經開始著手處理此事，只是等待內閣的決定，以及雪州政府方面的配合。”
他表示，水供問題涉及公眾與國家利益，也影響到州內的投資活動，若水供供應不足，將影響聯邦直轄區和雪州的投資，這也將影響大馬的形象。
“冷岳河2濾水站工程勢在必行，因為若再不興建冷岳河2濾水站，未來幾年將會影響吉隆坡聯邦直轄區與雪州的水供來源。”
他指出，配合冷岳河2濾水站工程，中央政府已經完成為約80%的水管和挖掘地下隧道工程，但基於這項工程遲遲無法獲得雪州政府批准，所以水管與地下隧道無法運作。
委稽查機構
估算水務公司資產
麥西慕表示，他已和有關水務公司高層討論，接著將委任一家獨立稽查機構估計水務公司的資產，以從旁監督交易過程。
早前，雪州大臣丹斯里卡立表示，雪州政府已經有多項收購方案，以收購雪州水務資產，重整雪州水供工業，並且早在大選前寄信給首相，要求聯邦政府應允雪州政府重整水供工業，而雪州政府也將努力實現該計劃。
他指出，重整雪州水供工業，可以讓州政府整合生水供應、濾水站和輸水系統，實現更有效的水務管理。
Sorry, i've re-register gmail as previous one can't access for for almost 2 week time....
KPS gooooooooooo
Portfolio current two major core stocks remain: KPS and Puncak.
ng chai = hng
Congratz on your KPS. ^^
I did not buy into this KPS, waiting for 1.70 level but choose YTL instead during the big sell down last week. :(
horse
Yes, ng chai = hng. Sorry, somehow my gmail account just cannot access, keep trying still can't. So, have to re-register again.
The divestment of 56% stake in KHSB to KDEB is almost confirmed deal, just waiting for EGM approval and special dividend of 26.6sen will be declared later. The takeover of its 91% stake in Abbass and 30% stake in Splash is also granted approval from both Fed and State gov already, just waiting for finalization of actual price tag and Puncak acceptance. With Fed gov holding golden share, it have autonomous to push the deal through as it have no choice as Langat 2 must approve by State gov.
I believe, share price won't weaken significantly even if market tumble due to market risk, global market weakness or QE3 etc. This is because KPS and Puncak scenario are just alike takeover/privatization case in the midst to seal the deal and if materialize, both KPS and puncak will flush with cash.
Hi,
Not quite use to hng new name. It will be great if you can get back the old username. :D
I still keep some KPS. Thought of getting more when it goes lower but too bad. Not good at timing the market. Hope YTLP-wb will have a better luck.
KPS & PUNCAK price up a lot.
Congratz to all holding it. ^^
ytlpower macam mau datang
随着内阁批准中央及雪州政府商谈收购雪州水供公司事宜，并开条件必须接受冷岳第二滤水站计划，雪州大臣卡立表示，州政府同意接纳冷岳第二滤水站计划，成为雪州水供重组的一部分。
“雪州政府已表明，它（冷岳第二滤水站计划）将是水供重组的一部分。这代表着，当我们重组雪州水供，冷岳第二滤水站是包含在重组工程中。”
卡立今日主持雪州行政会议后，在记者会上透露，中央与雪州政府于本周的重组水供谈判，已经提出相关的交换条件，而双方的分歧已经很少。
Hng
welcome back ! just wondering why somebody still buying KHSB at 0.84 ?? Maybe revise again the selling price ? Thanks
Congrats all KPS and PUNCAK winners.
I've sold off KPS at 2.06 and Puncak at 2.78 today and swap to buy Maybank at 9.84-9.86 and CIMB at 7.13
KPS and Puncak continue its uptrend
Congratulation to those still holding
horse
My YTLP WB still stuck at 46.5 sen.
sold AWC @ 25.5 sen.Sold Instaco @ 27.5,all realize paper pft.
Sold off all Maybank at 9.92
YTLP-WB start performing, today add more at 42.5 and q more at 43.5sen now
I believe the swap ratio have improve to 1 YTLP to 1.2 YTL corp and 0.4 YTLP WB to 1 YTLcorp, with indicating price for YTL corp at 1.50 (5 sen more than previous take over for YTL cement at 1.45).
YTLP is like previous YTL cement case is about to turnaround as YTLP earning is expecting to improved significantly in next quarter due to
1. Stronger US dollar, Singapore dollar, UK pound
2. Price hike in Wessex Water
3. Price hike in Electranet
4. Further narrowing loss in Wimax and 1 besterinet capex is at tailing end and about ready to contributing earning
Ytlp-wb rock!!
Cheeheng, think can keep for a while. Good luck.
Ya, manage to accumulate more at 43.5sen, now YTLP-WB become my single largest stock holding in the portfolio
Today also sold out all CIMB at 7.20, free up all banking stock and concentrate on YTLP-WB
good to have you back, Hng!
puncak pushing up at 4pm sudden hike to RM3, yest also same
Sold my BJTOTO at 4.06. ^^
Will try to buy in YTLP-WB tomorrow.
Puncak and Kps no more power. I think everyone is waiting for tonight fed report or meeting or something like that.
Hng
Great to have you back... Lovely..
Bought YTLcorp at 1.52, becoming my second largest holding after YTLP-WB in the portfolio now
bought Ytlp WB @43.5
bought bck Instaco @27.5
sold Instaco @30 s for contra gain
Cheeheng
Congrats
cheeheng,
instaco now only moved..!
lg
ya,I already earn 3 rounds from this counter. Bashed dwn until 25.5.
cheeheng, you got talent! hahaha..
congrats too :)
I believe YTLP opt to cancel the treasury rather than redistribute back to shareholder is proof the thesis that privatization through share swap is on the way.
By cancel the share, it essentially reduce the number of YTL share to be issue under share swap, reduce dilute effect of Yeoh family stake in YTLcorp, and increase value of Yeoh family direct stake in YTLP and YTLP-WB
YTLP will keep buyback its share from open market once the targeted exchange ratio is reach and announcement of share swap will be make offer to minority shareholder
hng,
Historically, understand that Yeoh's family are pretty stingy hence minority shareholders dont get to gain much.
What's your tp for both mom & son?
YTLP and WB uptrend continue..
Ig
Agreed, Yeoh family is stingy, that is main reason why it is using YTLP to buyback share using YTLP cash hoard instead of YTLcorp.
Bear in mind, Yeoh family is indirect control YTLP trough YTL corp. Yeoh Family itself only have about 5% stake direct stake in YTLP and about 50% direct stake in YTLP-WB. Through YTLP buyback share and later cancel it, will reduce dilute effect of its stake in YTLcorp, as number of new YTLcorp share will be reduce in share swap with YTLP. In addition, its direct stake in YTLP and YTLP-WB will increase its value after cancellation in treasury share.
yeah,better grab YTLP WB b4 it zooms away!
Bought ytlp-wb at .435 but only small units. :(
mine still queing..belum dapat
wah,u orang berebut rebut !
we kiasu :p
Bought YTL Power at 1.65, becoming my thrid largest holding in portfolio after YTLP-WB and YTL corp.
hng, if the share swap do go thru, what will happen to the wb?
YTLPower share buyback is aggressive, wanna to accumulate as much as possible and yet refuse to lump sum up too high, control it sen by sen to buy more and more.
Titus
Share swap will according to ratio, example, 1 YTLP for 1.2 YTL corp; 1 YTLP-WB for 0.4 YTL corp
Me also going YTL -wb at 0.435
bought back Instaco @ 27.5 sen
cheeheng,
would instaco reach 0.30 & above?
thanks.
lg
last Friday it hit a high of 0.32 b4 closing at 29.5. My strategy is buy between 25-28 sen and sell at 30 and above.
Will update my post tonight.
Bought more ytlp-wb today.
hi horse, at wht price did you buy ytlp-wb? Thinking to average up.
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