1. Bought in more YTLPOWER-WB today at 0.47 & 0.475 respectively. Bought UOAREIT as well at RM1.37 but only partially matched but i wonder why isn't it show up in above all done orders. :(
2. Some insight sharing from our cyber friend hng on YTLPOWER-WB...
horse
Have you buy YTL Power-WB at 48.5sen now? I'm hold back to buy
more on YTLPower-WB now as its mother share likely to test its all year low of
1.63, with strong support at 1.60.
In short term, YTLPower still engage
trouble surrounding its PPA issue, with incoming GE, if PR takeover, PPA deal
may restructure to reduce gas subsidy and re-set open tender for new
PPA.
On the other hand, in medium to long term, privatization of this
group by its parent is still on course. There is already clear signal from MD,
fransic Yeoh that if YTL corp have nothing attractive assets to buy, it will
buyout its subsidiary. By through share exchange, YTL corp need no single sen to
take over all its subsidiary and enjoy full control over its subsidiary cash
reserve, which in turn use these cash to continue its share buyback on its own
to support enlarge YTL corp, and ultimately distribute share dividend in species
to all YTL corp shareholder, which Yeoh family will entitle to most, a direct
beneficial owner of YTL corp.
The more YTL power suffer depress in share
price, the more likelihood YTL corp will take over via share exchange to
consolidate all under parent group. The rationale is simple, advice YTL Power
share swap to YTL corp as it have more diversified earning derived from cement,
REITs, property, KLIA transit, construction etc instead of relying just
concessionaire ( power, water) and highly competitive telco as well as expected
huge capex on new venture into oil and gas industry.
Changing government alone already have adverse implication to those
government/UMMO/political dependent concessionaire.
The knee jerk impact
will be immediate while material change in concessionaire deal will again
laggard stock performance. Nevertheless, crisis mean golden chance for
opportunist person like Fransic Yeoh, to take over YTL Power via share
exchange...
3. The above sharing only serve as an information and speculation. It does not translate to a BUY or SELL call. As usual buy sell totally at your own risk.
4. hng, good sharing on above. I buy the idea of share exchange as the total beneficial will be YTL Corp itself. Let's see what it will turn out to be, given some time. We will wait and see on this interesting speculation, see how Francis is playing his game. Close watch on this. GOOD LUCK !!