【YTLPOWR 6742 交流专区2】楊忠礼能源

纸鹤

你不懂有懂东西叫马后炮, 香咔佬的吗~

红龙

原帖由 美丽新世界 于 2-3-2009 05:27 PM 发表


买在差不多最低，
卖在差不多最高，
谁人有那样的本事？

有，神经病

klagigi

Asiamoney Top Stock Picks: YTL Corp one of Asia's awesome foursome

THE FAVOURED FEW: Hindustan Unilever, Want Want China, YTL Corp. and KT&G Asiamoney, February 10, 2009 Across the world, share prices company profits and even entire banks have collapsed. So in such turbulent times, where should investors put their money? ASIAMONEY has identified four regional businesses with strong competitive advantages that offer some welcome shelter from the storm. Naomi Rovnick reports. AVOIDING COMPETITION IS KEY Malaysian conglomerate YTL Corp is a sprawling beast. At first glance, the conglomerate appears to hold a bizarre group of assets that have little in common. It runs Malaysian power stations and operates the fast train between Kuala Lumpur's airport and Sentral station. It also owns Kuala Lumpur's luxury Ritz Carlton hotel and upscale Starhill shopping centre, and it develops residential property in Malaysia. But they are ultimately very similar. The majority benefit from recurring, recession-proof cash flows. These are the engine of the business and explain why YTL Corp's profits are set to grow in the year to 2009, despite the global recession. "Over 80% of our revenues are recurring," YTL Corp.'s managing director Francis Yeoh tells Asiamoney. "That means I can sleep at night."  And while the conglomerate is based in Malaysia, it is not overly dependent on the country's troubled economy. About 49% of its revenues come from abroad. It owns UK water provider Wessex Water, Australian electricity provider Electranet and a cement contractor in China. Fans of American economist Michael Porter would love YTL Corp's business because it owns a large number of assets that no competitor could easily replicate, all of which offer recurring revenues. For example, Wessex Water has a rolling 25-year licence to provide water and sewerage to 1.5 million users in the south-west of England. "Wessex is a concession in perpetuity," Yeoh explains. "As long as you perform under the licence agreement the contract is renewed every year." YTL Corp. also has a 60-year contract to operate the express train service from Kuala Lumpur International Airport to Sentral station, which has 53 years left to run. The lion's share of YTL Power's power plant contracts run for 15 years or more. The retailers in Starhill Gallery, the Malaysian capital's most upscale shopping centre, have all signed up to long-term leases.  These concessions are virtual monopolies. No-one else can provide water under the exclusive contract that Wessex Water has for the south-west of England. Neither could they get the long-term airport express train concession, or YTL's long-term power provision contracts.

"I never want anyone to be able to compete with me," confirms Yeoh. The table above refers to financial data for parent company YTL Corp. It is listed on Bursa Malaysia, with a present valuation ofRM12 billion (US$3.3 billion). It sits atop a group of subsidiaries that are also listed on the same bourse. YTL Corp. owns majority stakes in all these subsidiaries and collects the majority of their revenues and profits. The set-up means that investors can gain exposure to all of the conglomerate's assets by buying into the parent, or they can buy shares in a single division if they prefer particular industries. YTL Power owns Wessex Water, Electranet and the power plant contracts. YTL Cement comprises Jin Yuan and a range of Malaysian and international construction contracts. YTL Land & Development builds houses in Malaysia and owns 2,000 acres of undeveloped land. Starhill Reit owns the Kuala Lumpur luxury hotels plus Starhill Gallery. METHODOLOGY Asiamoney used a research note published in January by Nomura’s Asia strategist Sean Darby and his team, which identified the 30 best companies in the Asia-Pacific region. Nomura called these companies "titans", describing them as having a "strong business model, sound strategy, solid balance sheet, and track record of success". To this list, we added Malaysian conglomerate YTL. Because this is emerging Asia and not Europe or the US, and given the background of the global credit crunch, we tweaked the model of economist Michael Porter. We opted to focus on businesses that will benefit from long-term regional growth, tried to identify long-term investments worth buying during the financial crisis, and only included businesses with net cash on their balance sheets. Asian companies need to refinance US$386 billion of debt by 2011, according to ratings agency Standard & Poor's. In the very worst cases, over-leveraged businesses that fail to make enough profits in these tough economic times could falter on their debt covenants and fall into the hands of their lenders. That's why we felt that it was important to take out companies with any possible refinancing concerns. All the company figures in this article's tables have been kept in the local currency in which their stocks are listed (other than the Hong Kong dollar, which is pegged to the US dollar), to allow readers the chance to make meaningful price-to-earnings calculations. Most tables refer to analysts' forecasts for financial year 2008 results, as none of the companies had published annual results at the time of writing. The exception is YTL Corp., whose financial year ends in June instead of December. The other 3 Asia’s awesome foursome were Want Want China in China, Hindustan Unilever in India and KT&G in Korea. For full profiles, log on to: http://www.asiamoney.com/Article/2101513/Channel/18737/Top-stock-picks-Asias-awesome-foursome.html?ArticleID=2101513&Type=Channel&ID=18737&single=true

[ 本帖最后由 klagigi 于 2-3-2009 10:51 PM 编辑 ]

noelogy

股息快来了

Yewlili

大眾銀行（PBBANK,1295,主板金融組），楊忠禮電力（YTLPOWR,6742,主板基建計劃組）。一直都是分析員介绍的股。好高兴


（吉隆坡）由於全球信貸危機持續提高，縮窄企業融資機會，加上許多公司面臨償還債務期限，大馬研究預料國內企業將與政府一樣，掀起發售附加股風潮。

目前最有可能發售附加股計劃公司包括亞洲航空（AIRASIA,5099,主板貿服組）、普騰（PROTON,5304,主板消費品組）、丹絨岸外（TGOFFS,7228,主板貿服組）、科恩馬集團（KNM,7164,主板工業產品組）、環境海事資源（ALAM,5115,主板貿服組）與MMC機構（MMCCORP,2194,主板貿服組），主要是需要融資來應對拓展計劃或研發開銷。

在全球金融風暴未見遏止跡象下，全球信貸依然謹慎，融資成本跟隨提高。大馬研究認為，不僅政府會透過透過發售高素質發行工具來融資財政赤字與迷你預算案，預料本地許多公司也會達上“發售附加股”熱潮。

許多大馬公司仍未對經濟低潮做好準備，包括面對存貨提高與高債務等潛在風險。若經濟持續惡化，銀行借貸不易，預料許多公司可能會透過發售附加股來改善資產負債表。

大馬研究認為，在經濟衰退持續及企業債券需求產生，料有更多公司將會推出發附加股或債券計劃。雖然利用債券貸款顯現財務有壓力，不過至少沒有去杆杠顧慮。

擁有拓展計劃公司或高杆杠資產負債表較須要進行這計劃。至於擁有高現金流領域如消費股、博彩與種植股等可自行融資資本開銷，因此發售附加股可能性較低。

馬來亞銀行（MAYBANK,1155,主板金融組）與馬電訊國際（TMI,6888,主板貿服組）都相繼發售附加股，前者透過60億令吉附加股計劃來融資海外收購計劃，後者則透過發售52億5000萬令吉附加股，以其降低債務對營運盈利比至2.5倍。

大馬研究坦承發售附加股對股價有負面影響，由於投資者擔心沖淡每股盈利，因此往往在宣佈計劃後股價遭沽售，雖然有大股東給於保證會認購附加股或承諾包銷小股東股票，不過仍無法阻擋股價下滑。

分析員認為，除了每股盈利沖淡顧慮外，發售附加股因需要較低售價才可吸引買氣，這可能會導致公司股價表現更低迷。

在投資環境挑戰提高下，分析員建議資產負債表強穩與良好企業監管公司為首選股，包括大眾銀行（PBBANK,1295,主板金融組）、IOI集團（IOICORP,1961,主板種植組）、吉隆坡甲洞（KLK,2445,主板種植組）、WCT公司（WCT,9679,主板建筑組）與楊忠禮電力（YTLPOWR,6742,主板基建計劃組）。

至於5大建議脫售股包括土著聯昌（COMMERZ,1023,主板金融組）、馬銀行、實達（SPSETIA,8664,主板產業組）、亞航與馬航（MAS,3786,主板貿服組）。

红龙

难怪YTLPOWR不能下,我的FIX DEPOSIT 又到期了

Yewlili

原帖由 红龙 于 5-3-2009 10:40 AM 发表
难怪YTLPOWR不能下,我的FIX DEPOSIT 又到期了

你还在买。杨老板都怕了你。
为何不分散买一点别的股。

oliverkoh

開始對ytl有興趣了.會繼續觀察.....多得yewlili在resort那裡提起....本來還想在買resort....現在有多一個選著了

红龙

没什么，每一次収到大大VALUE的股息就很开心，一年可以开心很多次。besides我相信一股致富法。。。。。

klagigi

你的钱还想放FD。。
我臆测YTLP dividend yield 2009财政年大约有9%
以派5次股息，每次RM0.0375net算 (2009财政年已经派两次了，
臆测像往年6，9，12月也有派)

可是FD 2%。。。

红龙

基金經理：亂世高息股避險

    * 大馬財經

2009-03-05 11:29

（吉隆坡）大馬基金經理Kumpulan Sentiasa Cemerlang（KSC）認為在全球經濟持續顛簸下，推薦高息股為避險首選，包括消費股英美煙草（BAT,4162,主板消費品組）與電力股楊忠禮電力（YTLPOWR,6742,主板基建計劃組），不過建議避開國家能源（TENAGA,5347,主板貿服組）。

此公司投資董事莊闊福表示，目前全球經濟風暴加深，高息股將相對成為安全避風港。除了上述股項外雀巢（NESTLE,4707,主板消費產品組）、數碼網絡（DIGI,6947,主板基建計劃組）與丹絨（TANJONG,2267,主板貿服組）料也可在險惡經營環境下維持彈力。

“不過，國能應避之則吉，主要是工業生產與電力需求大幅下滑，將直接衝擊這間公司表現。”

受電力需求成長放緩、營運成本高漲以及巨額外匯虧損拖累，國能截至2008年11月30日止首季由盈轉虧，蒙受淨虧損9億4410萬令吉，前期為15億1490萬令吉淨利。管理層也坦承未來營運表現將遜色，主要是給獨立發電廠的產能付費提高。

第二經濟刺激配套不會有大驚喜

另外，莊闊福表示，全球經濟繼續變壞，大馬料無法免疫，未來將有更多盈利下調的情況。同時，他預計第二經濟刺激配套不會帶來重大驚喜。

“我認為政府會把大筆資金投注在基建領域上或開放服務領域投資。不過這也是最大能力，因為目前大馬預算赤字太高了。”

莊闊福拒絕透露目前此公司手上持有哪隻股票，不過根據市場資料顯示，目前KSC基金持有丹絨10萬6000股股票及楊忠禮機構（YTLCorp,4677,主板建築組）21萬7000股股票。
星洲日報／財經‧2009.03.05
难怪YTLPOWR不能下

[ 本帖最后由 红龙 于 5-3-2009 04:43 PM 编辑 ]

klagigi

今天是除权日咯。。股价还在RM1.90上。。。好事好事。。

纸鹤

开市调整了3sen, 闭市报RM1.89(-1sen)

买了三个月, 收三次股息,回酬率5.55%
wun wun jiak mi hun啦~~~

klagigi

昨天闭市RM1.94, 调整RM0.04(股息RM0.0375), 所以开市价没有往下跌是RM1.90也算保持着。。。

纸鹤

哈哈~
我不懂是开市调整还是昨天闭市调整
就是看到它跌到1.90就知道了

前两次调整都没什么察觉到,
一下又起回去了..
zzz

klagigi

今天有下到RM1.87, kawan YTLP应该有买进了吧。。
你有买吗？
对咯。。很快就升回，所以我几乎没察觉到有跌。。

klagigi

General Announcement

Reference No YP-090306-D9B2C

Company Name	:	YTL POWER INTERNATIONAL BHD
Stock Name	:	YTLPOWR
Date Announced	:	06/03/2009

Type	:	Announcement
Subject	:	YTL POWER INTERNATIONAL BERHAD (“YTL Power” or the “Company”) PROPOSED ACQUISITION OF 884,971,148 ORDINARY SHARES REPRESENTING A 100% EQUITY INTEREST IN POWERSERAYA LIMITED (“POWERSERAYA”), A COMPANY INCORPORATED UNDER THE LAWS OF THE REPUBLIC OF SINGAPORE, FROM TEMASEK HOLDINGS (PRIVATE) LIMITED FOR A PURCHASE CONSIDERATION OF SINGAPORE DOLLARS (“SGD”) 3,600 MILLION (RM8,568 MILLION, BASED ON THE PREVAILING EXCHANGE RATE OF SGD1.00:RM2.38) (“PROPOSED ACQUISITION”)
Contents	:	We refer to the announcement dated 2 December 2008 relating to the Proposed Acquisition. The Board of Directors of the Company is pleased to announce that the Proposed Acquisition has been completed on 6 March 2009. With the completion of the Proposed Acquisition, PowerSeraya has become a wholly-owned subsidiary of Sabre Energy Industries Pte. Limited, which is in turn a wholly-owned subsidiary of YTL Power. This announcement is dated 6 March 2009.

纸鹤

这个我也看到了, 不过忘了post过来~
恭喜YTL-POWER收购完毕,
期待Seraya的表现呗~~~

今天没有去排队,
人是贪心的, 还是希望它下多一点~哈哈~
现在也顺便在看着PBB,
两只的价钱都在Target Price上了,
不懂几时要下手~

红龙

楊忠禮電力完成購西拉雅能源

    * 大馬財經

2009-03-07 15:23

（吉隆坡）楊忠禮電力（YTLPOWR,6742,主板基建計劃組）宣佈，已完成總值36億新元（約馬幣86億5573萬令吉）的西拉雅能源（Power Seraya）收購計劃。

楊忠禮電力發文告表示，公司以36億新元，向新加坡政府投資臂膀-淡馬錫控股（私人）有限公司收購西拉雅能源計劃已經完成。

這計劃在去年12月開始展開。
星洲日報／財經‧2009.03.07

ThermoFisher

楊忠禮電力淨利預測上調
大馬財經 即時新聞 國際財經  2009-03-10 13:35

（吉隆坡）楊忠禮電力（YTLPOWR,6742,主板基建計劃組）完成收購新加坡第二大發電廠西拉雅電力（POWERSERAYA），聯昌研究認為，如此一來，此公司2009至2011財年的淨利預測上調4.9%至12.1%。

在考慮經濟衰退環境和高利率負擔，西拉雅2009至2011年3年，分別可帶來1億6318萬令吉、4億3444萬令吉和4億7346萬令吉的淨利。2009年的淨利貢獻只有4個月。

聯昌表示，這項收購因此會加強楊忠禮電力2009財年淨利4.7%至11億5118萬令吉，2010年淨利增強7.3%至14億3035萬令吉，2011年則增強11.7%至15億5131萬令吉。

楊忠禮電力是以38億新元（約馬幣90億令吉），向新加坡淡馬錫控股收購西拉雅電力全部股權，這使楊忠禮電力的有效發電量從之前的1639兆瓦增加至4739兆瓦。

楊忠禮電力在完成這一項大手筆收購後，仍有逾70億令吉現金在手，可趁目前全球資產價值直墜之際，展開更多的併購行動。

星洲互動‧2009.03.10