【YTLPOWR 6742 交流专区2】楊忠礼能源

klagigi

又卡貼。。

红龙

原帖由 Yewlili 于 31-1-2009 04:27 PM 发表


我还没收到啊。 POS 把我的红包弄丢了吗？？

MAYBANK ＆ PUBLIC BANK 的 ACC 都收到了

论坛废才

請问YTL的股息多少,各位大大每LOT拿多少?
谢谢

klagigi

Eskom names pre-qualified developers for its Multi-Site Base Load Independent Power Producer Programme

Friday, 24 October 2008: Eskom is pleased to announce the names of the 23 national and international developers that have been unconditionally pre-qualified to produce electricity under the utility's multi-site base load independent power producer (IPP) programme.
The list of unconditionally pre-qualified bidders is as follows:

• ACWA Power Projects/Holgoun Energy
• AES Energy Developments
• Aldwych International
• Hauneng Power International/G3 Power
• Endesa
• Essar Power/Bhander Power
• GMR Infrastructure/GMR Energy
• Group Five Infrastructure Developments/Strang Rennies
• International Power
• Keangnam Enterprises/Korea South East Power Co./Mega Africa Holdings
• MAPNA Group
• Mitsui & Co
• Shenzhen Energy Group Co.
• Statkraft Norfund Power
• Sumitomo Corporation
• Sumbandila Consortium(GDF Suez/Korea East-West Power Co./Korea Electric Power Corporation/Terracotta Resources)
• Union Fenosa S.A./Shanduka Group
• YTL Power International
• Mulilo Energy/China Railway Construction Corporation/Coal of Africa
• Sekoko Resources/Mulilo Energy/China Railway Construction Corporation
• Umbono Capital Partners/Lanco Infratech
• Aviva Corporation/GDF Suez
• Independent Power Southern Africa group

Eskom has been designated as the single buyer of power from IPPs in South Africa; successful IPPs will sign long-term power purchase agreements with the utility.
The pre-qualified companies will be issued with Request for Proposals targeted to be released at the end of November 2008, final bids will close in May 2009 and financial close is expected to be concluded in the first quarter of 2010. Commercial Operation Date (COD) under this program should be within the period 2012 to 2017.

klagigi

IDC sticks to R60bn approval target, but shifts attention from resources to energy
Published on November 21, 2008by Mike

South Africa’s State-owned Industrial Development Corporation (IDC) has decided not to pull back from its stated goal of approving at least R60-billion worth of new investments over the next five years to 2012/13, despite an increasingly violent global financial storm that will lead to recession in a number of key economies.

Speaking during an exclusive interview conducted at the development finance institution’s (DFI’s) Sandton offices, CEO Geoffrey Qhena told Engineering News Online he felt it was premature to revise the target, even though it had been set with a far stronger growth trajectory in mind.

That said, the new and evolving economic climate is likely to precipitate a shift in investment focus at the IDC from a pipeline hitherto dominated by export-orientated resources projects to what Qhena terms “industrial infrastructure” projects, particularly in the energy and renewable-energy milieu.

Qhena is quick to emphasise, though, that the group will remain an eager and active participant in resources projects, with existing mining projects still a dominant feature of its lending book and resources prospects a key element of its future pipeline.

However, he believes that projects that are not yet under way are likely to be delayed, including the 720 000-t/y Coega aluminium smelter, which is facing headwinds not only as a result of South Africa’s power shortages, but also from regulators, who are still mulling over the controversial bid by BHP Billiton for rival Rio Tinto, which currently owns the Eastern Cape project.

In many ways, the delay to the aluminium project is giving the IDC, which is planning to enter the capital markets to help itself fund its portion of the investment, some breathing space – no doubt also the case for Eskom, which would not have been able to supply the project had it been implemented on schedule.

In June, CFO Gert Gouws revealed that the IDC would need to triple the debt on its balance sheet from R6-billion to R18-billion – money that would be raised from other DFIs, the liquidation of listed and nonlisted investments, and from debt raising on the capital markets.

But the value of its investment portfolio – which stood at a whopping R72-billion as of March 31 – has fallen along with the recent sharp decline in the stock market. In addition, the financial realisation that the IDC was planning to make as a result of the listing of Foskor might now not materialise in the second half of calendar 2009 as initially planned, owing mostly to stock-market jitters.

“Given the change in market conditions, we are monitoring the situation carefully,” Qhena says. “But we don’t want to short-change ourselves. So, if the listing doesn’t make sense by the third quarter of 2009, we won’t proceed.”

On the other hand, given that mining and resources projects involve significant capital, the R60-billion target now also appears increasingly more ambitious, particularly when measured against the R26-billion approved by the IDC during the previous five-year period.

But there are other factors at play, which are helping to convince Qhena that it will be able to find similarly sized replacements.

INDUSTRIAL POLICY PUSH
For one, the target has been set against a backdrop of a growing focus on industrial policy, with the recent Tripartite Alliance Summit (involving the African National Congress (ANC), the South African Communist Party (SACP) and the Congress of South African Trade Unions) having asserted that the productive sector needs to be reinvigorated, following years of decline.

In fact, the Alliance called for the provision of significant additional resources, including new fiscal incentives, with “enforceable conditionalities”, to increase value-added manufacturing and resources beneficiation.

It also argues that the activities of South Africa’s DFIs, such as the IDC and the Development Bank of Southern Africa, be aligned to industrial policy objectives. Further, it sees public procurement, State-owned enterprises and the Public Investment Corporation playing a key role in leveraging industrial investment, with the issue of prescribed investments, whereby government could introduce requirements on investments to promote policy objectives, also resurfacing.

Subsequently, Finance Minister Trevor Manuel used the Medium-Term Budget Policy Statement to set aside R5,6-billion over five years for tax incentives designed to support government’s industrial-policy projects.

The incentive will consist of two elements: an additional deduction for real fixed investment, and another for training. The maximum additional deduction for real fixed investment will be R900-million for each project, while the training element has been capped at R30-million a project.

In addition to this tax relief, a series of other incentives are being developed to support the implementation of the National Industrial Policy Framework, which was unveiled last year by Trade and Industry Minister Mandisi Mpahlwa.

Since then, Mpahlwa has indicated that a new incentive architecture will evolve over the next few months, with the tax incentive being but one component of a larger package for which some R10-billion will be made available over the next three years.

Qhena believes the IDC is already aligned to this aspiration and says it is in complete accord with the Alliance’s desire for DFIs to target job-rich activities and the creation of quality and sustainable employment opportunities.

However, he admits that, with expectations rising, he is somewhat concerned that the IDC could be seen as falling short and, therefore, appeals for a sense of realism around both industrial policy and the role of the DFIs.

He also stresses that a balance needs to be struck between pursuing so-called national champions and high-profile investments with the need to continue on a path of ownership diversification, which, given the concentration of the South African economy, is critical to boosting its competitiveness.

Such an approach appears to be in line with the industrial-policy vision as espoused by ANC MP and SACP deputy general secretary Jeremy Cronin, who wrote recently that the new trajectory would not be “market unfriendly”. Rather, he said, it is a return to the “essence of the Reconstruction and Development Programme”, which aspired to transform an uncompetitive and concentrated productive sector.

But ANC secretary-general Gwede Mantashe has been more strident, strongly backing the controversial notion of “picking winners” and dismissing generalised industrial incentives as “Father Christmas give-aways”.

Mantashe has also outlined a more substantial role for South Africa’s DFIs, including the IDC, which he says is currently overly constrained by demands for financial self-sufficiency.

In fact, he indicated that there could be instances where the DFIs should be allowed to lean on the fiscus in order to deliver developmental projects that would not be viable under their current restraints.

klagigi

ENERGY INFRASTRUCTURE
The other opportunity to replace large resources projects appears to reside within what Qhena describes broadly as industrial infrastructure and specifically within the area of energy.

For one, the organisation would seek to play a significant role in the development of manufacturing enterprises that could feed into the massive investment programmes of Eskom and Transnet – the two State enterprises are set to spend more than R500-billion over the next five years.

Particular emphasis could also be given to the creation or upgrading of businesses that could participate in Eskom’s large nuclear programme, with the utility expected to take a decision soon on the development of its first new conventional reactor since the development of Koeberg in the 1970s.

However, opportunities are also opening up in the primary-energy environment, with an initial focus on the independent power producer (IPP) programme, which is fast maturing.

Eskom, which, somewhat controversially, is still the so-called ‘single buyer’ of cogenerated and IPP output, recently released the names of the 23 national and international developers that have prequalified under the programme for its multisite baseload IPP programme.

The list includes ACWA Power Projects/Holgoun Energy; AES Energy Developments; Aldwych International; Hauneng Power International/G3 Power; Endesa; Essar Power/Bhander Power; GMR Infrastructure/GMR Energy; Group Five Infrastructure Developments/Strang Rennies; International Power; Keangnam Enterprises/Korea South East Power/Mega Africa Holdings; the MAPNA group; Mitsui & Company; Shenzhen Energy Group; Statkraft Norfund Power; Sumitomo Corporation; the Sumbandila Consortium of GDF Suez/Korea East-West Power/Korea Electric Power Corporation/Terracotta Resources; Union Fenosa/Shanduka Group; YTL Power International; Mulilo Energy/China Railway Construction Corporation/Coal of Africa; Sekoko Resources/Mulilo Energy/China Railway Construction Corporation; Umbono Capital Partners/Lanco Infratech; Aviva Corporation/GDF Suez; and the Independent Power Southern Africa group.

These developers will be issued with requests for proposals by the end of November and the final bids will close in May, for conclusion in the first quarter of 2010. The IPPs are then expected to deliver power to the national grid between 2012 and 2017.

30% OF IDC’S APPROVAL
“We are focusing more and more on power projects,” Qhena reports.

He justifies this focus by defining the energy investments as industrial-infrastructure projects that will ultimately support other productive investments, be they in mining, agriculture or manufacturing.

The IDC is in discussion with eight of the IPP bidders and is putting its weight behind a range of alternative energy projects, from solar and wind, through to biofuels.

“We are looking at everything from the manufacture of solar panels to the creation of solar farms,” Qhena asserts.

In fact, he believes that up to 30% of its R60-billion project pipeline could be directed towards energy infrastructure, including some of the IPPs, solar projects, biofuels and even underground coal gasification.

That also does not include any money that might flow towards the pebble-bed modular reactor nuclear programme, which is still really a research and development project, nor to the proposed new ‘Mafutha’ coal-to-liquids project being pursued together with Sasol in Limpopo province.

The IDC also envisages playing a bigger role in public–private infrastructure partnerships, including telecoms and private hospitals. It has already made funding avail-able for Broadband Infraco, a new State-owned enterprise that plans to build a ‘super cable’ between Cape Town and London and has earmarked R500-million for private hospital developments in rural areas and townships.

But Qhena is optimistic that the R60-billion target is still attainable as demand from its customers remains robust.

“Given the lag between approvals and disbursements, we had set a target of disbursing R6-billion in 2008/9 and we have already achieved half of that and I think we might still make that target,” Qhena reports.

But he is even more optimistic about reaching its approval target of R8-billion, with R6,5-billion already committed and the “pipeline still looking strong”.

Nevertheless, he admits that the mood at the IDC has shifted to one of caution. “We are under no illusion that things have changed. Some sectors are definitely struggling and we are gearing up, in particular, to lend more support to our small and medium-size enterprise clients,” Qhena says.
“But we are not stopping,” he concludes.
Source: http://www.engineeringnews.co.za/article.php?a_id=148106

[ 本帖最后由 klagigi 于 2-2-2009 12:27 PM 编辑 ]

纸鹤

是啥??
YTLP开始在标着另一个发电场?

klagigi

建造南非的发电厂。。有23间公司进pre-qualification, 2009年5月final bid。。

dingdongdong

为什么人家升，你不升呢？？？？

-CLEMENT-

庄家出货。。。。

xiye

这几天的卖压大到

讲了又讲，做什么最近米有回购股票鸟的？


顺便问一下，
假如英国真的破产，
YTLPOWER的下场会跟英国一样吗？
蛮担心的说。。。。

[ 本帖最后由 xiye 于 6-2-2009 01:02 PM 编辑 ]

klagigi

在英国的债务不用还。。。

KraZySE

只怕连在英国的生意也不用做。。。
季报差不多该出了吧？

xiye

原帖由 klagigi 于 6-2-2009 01:11 PM 发表
在英国的债务不用还。。。

YTLPOWER出的债卷是英国政府买到完吗？？

另外，
超过60％的盈利是来自英国，
英镑跌到酱够力，
2月的财报应该很难看咯。。

klagigi

不要只看不好的一面嘛。。它的债务也是英镑的。。

xiye

原帖由 klagigi 于 6-2-2009 01:25 PM 发表
不要只看不好的一面嘛。。它的债务也是英镑的。。

酱又是。。
不过，
财报是用RM来计算，
所以一定是难看了的，
除非有惊喜，
不然，
财报肯定是难看的。。

只希望YTLPOWER接下来的收购活动，
能找到一些很快就有现金流入的资产，
酱就一天都亮鸟。。

klagigi

General Announcement

Reference No YP-090205-FB7BB

Company Name	:	YTL POWER INTERNATIONAL BHD
Stock Name	:	YTLPOWR
Date Announced	:	05/02/2009

Type	:	Announcement
Subject	:	YTL POWER INTERNATIONAL BERHAD (“YTL Power” or “the Company”) - Notice of Extraordinary General Meeting
Contents	:	Please be advised that an Extraordinary General Meeting (“EGM”) of the Company will be held at Starhill 2, Level 4, JW Marriott Hotel Kuala Lumpur, 183 Jalan Bukit Bintang, 55100 Kuala Lumpur on Thursday, 26 February 2009 at 2.30 p.m. for the purpose of considering and, if thought fit, to pass the ordinary resolution as set out in the Notice of EGM as attached herewith. Please refer to the attachment for the Notice of EGM.
Attachments	:	YTL Power - Notice of EGM.pdf

纸鹤

9月到12月08年的Q.REPORT几时会Release?
这个月尾??

Yewlili

英業務雖受衝擊‧楊忠禮電力前景仍看好

吉隆坡）楊忠禮電力（YTLPOWR,6742,主板基建計劃組）英國業務賺益恐受貨幣貶值衝擊，但新併購資產有助抵銷相關利空，加上其遍佈全球的公用事業資產、改善股東價值良好管理紀錄、潛在收購計劃等利好消息充作後盾，未來盈利前景依舊可期。

大馬研究表示，楊忠禮電力管理層相信通過收購估值誘人的西拉雅能源（Power Seraya），將強化其在電力貿易、電力公用機制和新科技的專業知識，而隨著收購計劃在第3季完成，後者料可為公司2009財政年帶來3個月盈利貢獻。

以西拉雅能源2009財年首半年淨利1億3300萬令吉、馬幣兌新元為2.35、利率5%以及32%債務與股本比率（Debt/Equity ratio）計算，這間公司可為楊忠禮電力2010財年帶來2億3000萬或25%逐年遞增的盈利表現，但楊忠禮電力預見其年均營業額貢獻僅達7600萬令吉，或相等於每股盈利1仙或2010財年盈利的6%。

但鑒於新加坡經濟陷入衰退恐導致電力需求放緩，預見西拉雅能源對楊忠禮電力2009財政年第4季盈利貢獻為1900萬令吉，並在2010和2011財政年進一步攀升至7600萬和1億3000萬令吉。

楊忠禮電力是在去年12月以38億新元（約馬幣90億零600萬令吉）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的100%股權。

目前，西拉雅能源的獲准發電量為3100兆瓦，或占新加坡獲准總發電量的25%。

英國業務方面，韋塞克斯水供（Wessex Water）股價因全球經濟和經濟危機困擾迄今共下挫逾21%，但英國下一輪水費調漲期落在2010年，而公司已著手為監管單位擬定2010至2015的商業計劃，料可從中獲利。

貨幣貶值盈利下滑4%

不過，英鎊兌馬幣匯率自去年9月30日起已貶值16%至5令吉10仙，恐對侵蝕當地業務賺益，相信若英鎊進一步下跌10%可能導致楊忠禮電力盈利下滑4%，因此在綜合西拉雅能源的盈利預測後，些微下調這間公司2009和2011財政年盈利預測至8億8640萬、11億零60萬和11億7830萬令吉。

早前報導指出，楊忠禮電力已向政府提呈延長其現有國內發電廠購電合約5年，以及另一項取代現有北加（Paka）和巴西古當發電廠的購電協議建議。

楊忠禮電力是國內首家獲得獨立發電執照的公司，而簽署的為期21年購電協議將在2015年截止，儘管國家能源（TENAGA,5347,主板貿服組）未來7年將繼續向之購電，但管理層仍提前向能源、水務及通訊部申請新獨立發電執照，主要是洽商工作可能多生枝節。

大馬研究指出，這間公司管理層相信通過為北加和巴西古當發電廠提供新渦輪科技，將可節省天然氣消耗高達20%，單以旗下發電廠以及現有天然氣每立方米4.80美元價格計算，即可取得每千瓦小時（kWh）2仙效果，或相等於每年節省2億令吉。

與此同時，楊忠禮電力自去年11月最後一筆股票回購後，已暫停進行股票回購計劃，主要是市場仍有充足的股票流通。

分析員認為，楊忠禮電力庫存股達5700萬股，僅佔公司股本的1%。因此在預見的未來料不會出現類似去年的40配1股息分配活動。

“但是，自收購西拉雅能源後，楊忠禮電力仍擁有高達8億令吉充裕資金（扣除15億令吉中期票據），且可能透過額外債券發售計劃以維持舒適現金儲備水平，以趁金融海嘯中展開潛能資產收購活動。”

xiye

原帖由 Yewlili 于 7-2-2009 07:59 AM 发表
英業務雖受衝擊‧楊忠禮電力前景仍看好

吉隆坡）楊忠禮電力（YTLPOWR,6742,主板基建計劃組）英國業務賺益恐受貨幣貶值衝擊，但新併購資產有助抵銷相關利空，加上其遍佈全球的公用事業資產、改善 ...

“但是，自收購西拉雅能源後，楊忠禮電力仍擁有高達8億令吉充裕資金（扣除15億令吉中期票據），且可能透過額外債券發售計劃以維持舒適現金儲備水平，以趁金融海嘯中展開潛能資產收購活動。”

剩酱少钱吧了咩？？