YTLPOWR (6742) ~ Drop to Near 1 Yr Low ~

Current Price @ 1.58

Why drop? Maybe because losing the bid for Prai combined-cycle gas turbine power project for a capacity of 1,000 to 1,400 megawatts. The bid won by Tenaga Nasional Bhd.

Some risk:

• Government bodies are moving into this field
• Genting sold Genting Sanyen (Malaysia) Sdn Bhd to 1Malaysia Development Bhd. After sold, it get 10 years extension.
• Segari Energy Ventures Sdn Bhd (a subsidiary of Malakoff) also get 10 years extension.
• Also Tenaga Nasional Bhd won the bid for the Prai.

What to look at next?

• Who will get the remaining 3,100MW which is up for bidding at a later stage?
• Governtment bodies or Billionaires?
• Will YTLPOWR sell those two gas-fired combined cycle power plants like Genting?

Although there are some risks associated with its power business, I still believe these are minor to YTLPOWR and it is worth to consider at current price.

Main reason is that YTLPOWR continuously expand their business oversea and currently have business in:

• Singapore
• Indonesia
• Australia
• UK

Besides, they have also started moving into 4G business in Malaysia.

Below are some updated info for YTLPOWR:

• Net asset per share increased to 1.30 (previously 1.18)
• Dividend approx. 3% ~ similar to Banks FD interest rate
• EPF hold approx. 9.41% (previously approx. 9.92% in Sept 2011 drop to 9.25% in Feb 2012) ~ EPF believe YTLPOWR is at discounted price??

 Good luck with your investment!!! ^_*

If you are not risk taker, you should consider put it in the bank for FD and get around 3% interest per annum

Related posts:

• Extra ICING again from YTLPOWR (6742) ^_*
• YTL Communications Won RM663millions 1Bestarinet Project
• Gtronic (7022) & YTLPOWR (6742) ~ Dividends
• YTLPOWR (6742) ~ Back to Similar Price
• YTL Power ~ A Low Risk & Sustainable Share?

Company Review ~ Sept 2012

Adventa Bhd (7191) ~ current price @ 1.86
Sept 2012 - CIMB Equities Research ~ target price 2.10

Airasia Bhd (5099) ~ current price @ 3.03
Sept 2012 -  RHB Research Institute ~ target price 3.63
Sept 2012 -  CIMB Research ~ target price 3.50
Sept 2012 - Affin Investment Research ~ target price 3.70

Alliance Financial Group Bhd (2488) ~ current price @ 4.09
Sept 2012 - Hong Leong Investment Bank Research ~ target price 4.53

Axiata Group Berhad (6888) ~ current price @ 6.76
Sept 2012 - Hwang DBS Vickers Research ~ target price 5.80
Sept 2012 - Alliance Research ~ target price 6.84
Sept 2012 - Kenanga Research ~ target price 6.33
Sept 2012 - Affin Investment Research ~ target price 5.08
Sept 2012 - Nomura ~ target price 7.10

Berjaya Sports Toto Bhd (1562) ~ current price @ 4.46
Sept 2012 - RHB Research Institute ~ target price 4.55

BIMB Holdings Bhd (5258) ~ current price @ 3.08
Sept 2012 - CIMB Equities Research ~ target price 3.78
Sept 2012 - Kenanga Research ~ target price 3.60

CB Industrial Product Holding (7076) ~ current price @ 2.76
Sept 2012 - OSK Research ~ target price 3.28

Crest Builder Holdings Bhd (8591) ~ current price @ 1.04
Sept 2012 - Kenanga Investment Research ~ target price 1.34

Dialog Group Bhd (7277) ~ current price @ 2.40
Sept 2012 -  CIMB Equities Research ~ target price 2.91
Sept 2012 -  Affin Investment Research ~ target price 2.76.

Digi.com Bhd (6947) ~ current price @ 5.46
Sept 2012 - Affin Investment Research ~ target price 4.75

Felda Global Ventures Holdings Bhd (5222) ~ current price @ 4.75
Sept 2012 - Hwang DBS Vickers Research ~ target price 5.05

Gamuda Bhd (5398) ~ current price @ 3.50
Sept 2012 - OSK Research ~ fair value 4.46
Sept 2012 - TA Securities ~ target price 4.32

Gas Malaysia Bhd (5209) ~ current price @ 2.61
Sept 2012 - Kenanga ~ target price 2.94

Hartalega Holdings Bhd (5168) ~ current price @ 4.49
Sept 2012 - CIMB Research ~ target price 5.01

Hua Yang Bhd (5062) ~ current price @ 1.94

Sept 2012 -TA Securities ~ target price 2.63

Hunza Properties Bhd (5018) ~ current price @ 1.49

Sept 2012 - Kenanga Investment Research ~ target price 1.50

IJM Corporation Bhd (3336) ~ current price @ 4.97
Sept 2012 - RHB Research Institute ~ fair value 4.73
Sept 2012 - TA Securities ~ target price 5.77
Sept 2012 - Hong Leong Investment Research ~ target price 5.48
Sept 2012 - Credit Suisse Research ~ target price 7.10
Sept 2012 - CIMB Equities Research ~ target price 5.30

IJM Land Berhad (5215) ~ current price @ 2.09
Sept 2012 - RHB Research ~ fair value 2.89
Sept 2012 - Kenanga Investment Research  (OP; TP: RM2.60)

Kossan Rubber Industries Bhd (7153) ~ current price @ 3.03
Sept 2012 - RHB Research ~ fair value 3.73

KPJ Healthcare Bhd (5878) ~ current price @ 6.01
Sept 2012 - RHB Research ~ fair value 6.86

Malaysia Building Society Bhd (1171) ~ current price @ 2.39
Sept 2012 - OSK Investment Banking ~ fair value 3.02

Mah Sing Group Bhd (8583) ~ current price @ 2.24
Sept 2012 - Kenanga Investment Research  ~ target price 2.40

Malaysia Steel Works (KL) Bhd (5098) ~ current price @ 0.91
Sept 2012 - OSK Research Sdn Bhd ~ fair value of 0.83

Maxis Bhd (6012) ~ current price @ 7.05
Sept 2012 - Affin Investment Research ~ target price 6.76
Sept 2012 - Nomura ~ target price 6.20
Sept 2012 - Public Investment Bank ~ target price 7.26

Malaysian Resources Corp (1651) ~ current price @ 1.63
Sept 2012 - UOB Kay Hian ~ target price 2.03

Multi-Purpose Holdings Bhd (3859) ~ current price @ 3.59
Sept 2012 - Public Investment Bank ~ target price 3.79

Old Town Berhad (5201) ~ current price @ 1.93
Sept 2012 - JF Apex Securities Bhd ~ target price 2.23
Sept 2012 - OSK Research ~ fair value 2.31

Parkson Holdings Bhd (5657) ~ current price @ 4.70
Sept 2012 - Public Investment Bank ~ target price 5.73

Perdana Petroleum Berhad (7108) ~ current price @ 0.84
Sept 2012 - RHB Research Institute ~ fair value 0.82

Perisai Petroleum Teknologi (0047) ~ current price @ 0.99
Sept 2012 - UOB Kay Hian Malaysia Research ~ target price 1.59
Sept 2012 - CIMB Equities Research ~ target price 1.53

Petronas Dagangan Bhd (5681) ~ current price @ 22.14
Sept 2012 - CIMB Research ~ target price 24.60

Pintaras Jaya Bhd (9598) ~ current price @ 3.02
Sept 2012 - OSK Retail Research ~ target price 3.99

PPB Group Bhd (4065) ~ current price @ 12.00
Sept 2012 - AmResearch ~ target price 15.90
Sept 2012 - KAF Seagroatt & Campbell Research ~ target price 14.00
Sept 2012 - Hwang DBS Vickers ~ target price 11.00

Public Bank Bhd (1295) ~ current price @ 14.44
Sept 2012 - Maybank Investment Research ~ target price 16.00

Puncak Niaga Holdings Bhd (6807) ~ current price @ 1.36
Sept 2012 - OSK Research Sdn Bhd ~ fair value 2.08

QL Resources Berhad (7084) ~ current price @ 3.20
Sept 2012 - Maybank Investment Bank Research ~ target price 3.75

SapuraKencana Petroleum Bhd (5218) ~ current price @ 2.44
Sept 2012 - UOB Kay Hian Malaysia Research ~ target price 2.80
Sept 2012 -  Affin Investment Research ~ target price 2.65
Sept 2012 - OSK Research ~ fair value 2.88
Sept 2012 - Hong Leong Investment ~ target price 2.77
Sept 2012 - Kenanga Research ~ target price 2.79
Sept 2012 - Maybank Investment Research ~ target price 2.68

Sime Darby Bhd (4197) ~ current price @ 9.65
Sept 2012 - Hwang DBS Vickers Research ~ target price 9.80
Sept 2012 - RHB Research Institute ~ fair value 10.56

SP Setia Bhd (8664) ~ current price @ 3.65
Sept 2012 - CIMB Equities Research ~ target price 4.30
Sept 2012 - Kenanga Investment Research ~ target price 3.80
Sept 2012 - Hwang DBS Vickers Research ~ target price 5.10

Tan Chong Motor Holdings Bhd (4405) ~ current price @ 4.60
Sept 2012 -  RHB Research Institute ~ fair value 4.75

Tenaga Nasional Bhd (5347) ~ current price @ 7.00
Sept 2012 - Affin Investment Research ~ target price 6.60
Sept 2012 - CIMB Equities Research ~ target price 7.98

Time DotCom Bhd (5031) ~ current price @ 3.30
Sept 2012 - HLIB Research ~ target price 4.12

Telekom Malaysia Bhd (4863) ~ current price @ 6.30
Sept 2012 - Affin Investment Research ~ target price 6.98
Sept 2012 - Public Investment Research ~ target price 6.55

Top Glove Corporation Bhd (7113) ~ current price @ 5.15
Sept 2012 - RHB Research ~ fair value 6.26

TSH Resources Bhd (9059) ~ current price @ 2.24

Sept 2012 - Kenanga Research ~ target price 2.85
18 Sept 2012 - Kenanga Research ~ raised target price 2.95

UEM Land Holdings Bhd (5148) ~ current price @ 1.79
Sept 2012 - Kenanga Investment Research ~ target price 1.85

UOA Development Bhd (5200) ~ current price @ 1.65
Sept 2012 - Kenanga Investment Research ~ target price 2.30

Wah Seong Corporation Bhd (5142) ~ current price @ 1.74

Sept 2012 - OSk Research ~ fair value 2.33
Sept 2012 - Hong Leong Investment Bank Research ~ target price 2.10

Yinson Holdings Bhd (7293) ~ current price @ 1.88
Sept 2012 - Kenanga Investment Research ~ target price 2.68

*Please note that above just some quick information. You still need to find out more info about how they calculated their target price.*

Budget 2013 ~ Any Good News for Property?

Stamp Duty

• 50% exemption extended to 31 Dec 2014 
• only for 1st time buyer for Residential property not more than RM400k (previously RM350k)

Real Property Gains Tax (RPGT)

• from 1 Jan 2013, properties disposed within 2 years ~ RPGT raised to 15% from 10%
• and disposed within 2 to 5 years ~ RPGT raised to 10% from 5%
• after 5 years RPGT not applicable

Are these good news??

Lets say you buy a property RM400k, stamp duty is approx. RM7k ~ 50% off ~ RM3,500 savings!!

Yeah, right....you think I'm stupid?

Nowadays, most developer absorb the stamp duty fees. So what savings you get??

RM400k property, say 5% increased per year, 2 yrs = RM441k, 3yrs = RM463k.

Sold within 2 yrs

 ~ say RM41k profit ~ you pay RPGT RM6,150 (previously only pay RM4,100). So you loss RM2,150 & minus the RM3,500 savings = only RM1,350 savings

RM1,350/ RM400k = 0.3375% (You might as well put in FD which get you around 3% interest per annum)

Sold after 3 yrs

~ say RM63k profit ~ you pay RPGT RM6,300 (previously only pay RM3,150). So you loss RM3,150 & minus the RM3,500 savings = even Better! only RM350 savings

RM350/ RM400k = 0.0875% (You might as well put in FD which get you around 3% interest per annum)

Good for Investor?

To me, definitely not. You are taking more risk now to invest in properties. What risk?

1. High property price (some ppl might disagree with this)
2. Higher RPGT (increased 50% for first 2 yrs & increased 100% for 2 to 5 yrs). Increase further in 2014??
3. Higher BLR in future?
4. Lower house loan ratio in future for 3rd or 2nd property?

As mentioned in my previous post {Click Here} I don't believe Malaysia will STOP creating more rules and regulations to harm the property market ..... seems like it is happening now .....

More rules & regulations to come after election? I believe so. Beware & all these will only change to favour Investor when property market crashed.

By the way, above just simple calculations, I didn't take into account those lawyer fees, agent fees etc.

Good luck with your investment!!! ^_*

Shares, Properties & FD ~ which one you choose?

To me:

Shares ~ fastest investment

Properties ~ safest investment

FD in bank ~ worst investment

Which one you choose?

For me, definitely Shares & Properties ^_*

Good luck with your investment!!

Nadayu 28 Bandar Sunway ~ Comments From "Smart" Reader

I posted Nadayu 28 Bandar Sunway on Monday, May 21, 2012 {Previous Post}

Recently received a "Smart" Reader comments as follows (highlighted in Red):

Bro...ur analysis not right wor...

AWong Investment view: Are you sure I'm your bro? If not pls don't simply say it. 

pls compare apple to apple la, dont compare iphone 4 to nokia 3210 ma.

AWong Investment view: If you can find two exactly same development then you can compare apple to apple, if not you have to compare with other developments to find out whether the price/ft2 is worth or not.

1. 8 petaling - location not strategic as sunway, sunway got so many colleges & unis. Some more nadayu28 provides semi-furnished with fully air-con, water heater, plaster ceiling, built-in kitc. cabinet & wardrobes to all rooms, fully equipped bosch brand kitc. appliances leh.

AWong Investment view: Bandar Sunway might be better location but does that means worth to pay approx. 105% more in terms of price/ft2? Those items mentioned by you which Nadayu28 provided worth how much?  

2. Olives residence - all units are over 2k+ sft, sure lower psf lo, if u compare nadayu 1850sf, its only RM565psf(Aug12'). i believe the psf for olives n nadayu28 is the same at this moment lo.

AWong Investment view: I don't know how you get RM565/ft2. It doesn't matter what size you compare with - the price/ft2 can only be calculated based on the actual size you get. You can believe any price you like.

3. Acappella & I-residence - both are in shah alam area, dont compare these 2 location as the price for shah alam is far lower than subang & sunway. u try to compare nadayu28 & icon city, which is very very near to each other, u c which 1 is cheaper, of cos nadayu28 lo...

AWong Investment view: Refer to my comments above for Item 1. If you have better comparison, do post here and let ppl know whether your view is correct or not.

4. Se terra - again all units are in bigger size, the smallest 1 if im not mistaken is from 18XX sft to 36xx sft, Rm573psf is even higher than nadayu28....siao meh (some more nadayu28 is offering 6 units/ floor while se terra is offering 10 units/ floor)

AWong Investment view: Refer to my comments above for Item 2.

5. Neo damansara - bro, this 1 is office suite, nadayu28 is high-end condo...how can u compare office with condo. Non-sense at all

AWong Investment view: Refer to my comments above for Item 1. The information I based on is Serviced Residence not office suite.

6. Boulevard residence - dont use last yr pricing compare to this yr ma, not fair at all, last yr u buy 1 medium cost condo = RM250k, this yr u hav to pay RM350k-380k, loads of changes within 1 yr time what...petrol price also increase la. my opinion price for boulevard is almost the same as nadayu28.

AWong Investment view: Do you think 50% more in terms of price/ft2 is reasonable due to 1 year period? Again you can believe any price you like.
 

Lastly, nadayu28 give 2 car parks & pls dont mixed up, nadayu28's 411 units are divided into 3 blks, so each blks is only 13X units, 6 units per floor & serve by 5 lifts, low density + shorten time for waiting lift.

AWong Investment view: If you believe these things worth the extra price/ft2 then do buy a unit there.

P.S. im not from developer, i just want to say that every development is good if u think its worth to buy. Dont try to damage the goodwill of the development publicly if u dont like or cant afford to buy.

AWong Investment view: Did I damage the good will of the development? How? I'm sharing the information I have for each development and compare them against other developments. Did I ever mention that I don't like this development?
Can't afford to buy? How you know? What is your understanding about the word "afford"? Did you buy a unit there in cash? 

To me, if you can buy in cash then it means affordable. Or you borrow loan because the interest is low, you taking the advantage of low interest and can pay off the loan any time when the interest goes up - this means affordable.   

Another thing, u go check sunway monash residence, ppl are paying RM1.5k for a single room with ensuite bathroom. Pls be reminded that all rooms @ nadayu28 are with ensuite bathroom & nadayu28 is just next to sunway uni. I dont c why the unit cant fetch such rental that u mention lo...

AWong Investment view: If you believe it can rent out for RM3,089/month then do buy a unit there.

pls do more survey 1st b4 u comment...

AWong Investment view: Is more like you need to do more survey and not just comment without giving any fact. Do let us know the price you pay for the unit in which year, how much you able to rent it out etc.

sorry if i offended u but what im mentioning now are the result of my survey...

AWong Investment view: I'm more than happy if you can let ppl know more about the true figures of this development.

Good luck with your investment!