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[公司专区] 6742 YTL POWER 楊忠禮電力

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发表于 2009-8-29 21:26 | 显示全部楼层
Bangladesh tender Pre-Q 8月25号开始evaluated, 整个过程应该需时2个星期。。。

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发表于 2009-9-5 18:24 | 显示全部楼层
若助集團開拓WiMAX‧楊忠禮電力長期或受考驗
大馬財經  2009-09-05 12:01
(吉隆坡)楊忠禮電力(YTLPOWR,6742,主板基建計劃組)可能扮演集團開拓WiMAX服務先鋒角色,並具潛在進一步融資風險。分析員認為,這項業務存在着許多未明朗的風險,恐對集團長期業務成長策略帶來影響。

大馬研究指出,近期與楊忠禮電力管理層會面後,“驚喜”發現這間公司可能扮演楊忠禮機構(YTL,4677,主板建筑組)擴展WiMAX寬頻服務業務先鋒角色。

“楊忠禮電力在今年6月透露將以30萬令吉代價,向楊忠禮電子(YTLE,0009,創業板科技組)收購主要涉足電線和無線寬頻服務的楊忠禮通訊私人有限公司60%股權,而隨後楊忠禮電子也將其餘40%持股轉售不知名第3方,潛在買家可能是涉及推介WiMAX服務的科技夥伴。”

楊忠禮電子在去年11月和今年4月分別與大馬思科服務有限公司(Cisco)和韓國三星集團合作,以在大馬設立WiMAX核心網絡,以及在西馬裝置WiMAX服務設施,並計劃於明年初在西馬推出服務。

未來5年斥25億投資WiMAX

楊忠禮集團看好WiMAX服務將是未完全開拓的新通訊科技領域,有望猶如《藍海策略》般可為消費者創造新市場,計劃在未來5年對WiMAX服務投資25億令吉,其中首年投資額為10億令吉,比競爭對手綠馳通訊科技(GPACKET,0082,主板科技組)的4年10億令吉投資額高出一倍,主要是這間公司放眼設立更多的基站以提供更快捷和廣泛覆蓋的服務。

儘管楊忠禮機構仍未推出相關服務,但寄望通過支援1400萬用戶和70%覆蓋率,以及單一價格結構提供高達8Mbps的WiMAX服務,以擊敗現有競爭對手和3G業者。

WiMAX是一種新興的無線通訊技術,WiMAX傳輸速度最高可達70Mbps,傳輸範圍最廣可達30英哩,對個人、家庭與企業的行動化將有很大助益。

業務前景充滿不確定性

不過,大馬研究表示,楊忠禮機構對楊忠禮電力涉足WiMAX服務抱持低調態度,主要是綠馳通訊科技現財政年首半年蒙受高達5000萬令吉淨虧損,顯示業務前景仍充滿不確定性。

“相比其他寬頻服務,WiMAX服務應用內容匱乏、設備成本高昂、設備推介延遲、潛在科技淘汰、仍屬利基科技、市場競爭激烈以及免費公眾Wifi服務等風險,可能侵蝕消費者興趣。”

楊忠禮電力涉足WiMAX服務發展負面,因投資者視楊忠禮電力公用事業盈利具備防禦性能,透過拓展至營業額高度未明朗的WiMAX服務,恐拖垮投資者信心。

初期投資虧損達1億
淨利預測下調

大馬研究鑒於WiMAX服務初期投資虧損高達8000萬至1億令吉,下調楊忠禮電力2010至2012財政年淨利預測6至7%,分別至13億零810萬、13億9590萬和14億8290萬令吉,同時因全面融資25億令吉成本,下調目標價13%或30仙至2令吉零5仙。

儘管楊忠禮電力仍手握14億令吉現金可充作併購用途,但相信部份資金將用於WiMAX服務的資本開銷,主要是楊忠禮電子僅有1億5200萬令吉現金儲備,以及1億6400萬令吉股東基金,且不排除可能進一步透過中期票據或可轉換債券等融資,以滿足相關投資項目資金需求。

楊忠禮電力過去12個月漲幅達25%,超越綜合指數的17%,下修評級從持有´至‘賣出´,目標價為2令吉零5仙。

但是,雖面對WiMAX服務潛在現金開銷,楊忠禮電力仍擁有每年達20億令吉自由流動現金,足以維持其常年5億令吉派息開銷,或相等於6%週息率水平,惟憂慮WiMAX服務認購率較預期緩慢以及其他成本超支,將影響公司長期成長策略。

星洲日報/財經‧2009.09.05


原来先前楊忠禮電力在今年6月透露將以30萬令吉代價,向楊忠禮電子(YTLE,0009,創業板科技組)收購主要涉足電線和無線寬頻服務的楊忠禮通訊私人有限公司60%股權,是这个用意。

若成真,真要命。为何母公司不自己承担呢,是不是觊觎楊忠禮電力庞大的现金流,管理层这样对待楊忠禮電力的股东有欠公平了。个人认为会消耗楊忠禮電力的capex。虽然营运现金流没问题

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发表于 2009-9-5 21:37 | 显示全部楼层
之前在bursa那边看到这个消息时就一直在考虑着要不要清掉这个股。真难决定。

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发表于 2009-9-7 13:35 | 显示全部楼层
短期不看好,长期有得看

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 楼主| 发表于 2009-9-8 21:28 | 显示全部楼层
怎么都不要看,看了会心脏病!

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发表于 2009-9-8 22:10 | 显示全部楼层
楊忠禮能源
獲7銀行融資24.5億
(吉隆坡8日訊)楊忠禮能源(YTLPOWR,6742,主板基建)獲得7家銀行合共10億新元(約24億5000萬令吉)的銀行貸款,以融資收購西拉雅能源公司(PowerSeraya)高達38億新元(約90億5750萬令吉)的計劃。

“彭博社”報導說,這7家銀行包括東方匯理銀行(Calyon)、法國第2大銀行集團Natixis、馬銀行投資銀行、華僑銀行、三菱東京日聯銀行、澳洲國民銀行及三井住友銀行。

星展集團控股負責主理,貸款期限為3年。

楊忠禮機構(YTL,4677,主要板建築)董事經理丹斯里楊肅斌回應“彭博社”的電郵詢問時說,很歡迎此貸款計劃。

楊忠禮能源是通過獨資子公司,斥資38億新元向淡馬錫控股(Temasek)收購西拉雅能源公司(PowerSeraya)100%股權。

西拉雅能源是淡馬錫最后出售的能源公司,此前已脫售聖諾哥能源和大士能源(Tuas Power)。

楊忠禮能源早前已獲星展銀行(DBS Bank),提供22億5000萬新元(約53億6300萬令吉)融資便利。

西拉雅能源為新加坡第2大能源公司,供電量高達3100兆瓦,佔新加坡能源總產量25%。

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发表于 2009-9-12 11:49 | 显示全部楼层
孟加拉的竞投成绩还没出炉吗?

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发表于 2009-9-14 11:24 | 显示全部楼层
Four cos qualify primarily for setting up Bibiyana power plant

FE Report

Four companies including three local and their joint venture partners qualified primarily for installing the 450 megawatts (MW) Bibiyana power plant in the northeastern Sylhet region, officials said Sunday.

Summit Industrial and Mercantile Corporation (Pvt) Ltd and its partner GE Energy LLC Bangladesh, Shasha Denims and its joint venture partner MPC Consortium of Meiya Power Company Ltd (Hong Kong) have come up as the pre-qualified sponsor for setting up the power plant.

Local Otobi Ltd along with Asian Entech Power Corporation Ltd and their joint venture partners China National Machinery and Equipment Import and Export Corporation (CMEC) also pre-qualified as local company for the project.

The Malaysian YTL Power International Berhard is the lone foreign company emerging as the pre-qualified sponsor for the Bibiyana 450mw project.

Three foreign companies failed to become pre-qualified for setting up the Bibiyana power plant.

"We have submitted recommendation to the power ministry regarding pre-qualification of the Bibiyana project for final approval," Acting Power Cell Director General Abdul Mannan told the FE Sunday.

Seven companies - three local and their joint venture partners and four foreign companies - had submitted pre-qualification documents in April last showing interest to install the 450 mw gas-fired Bibiyana power plant.

The Bibiyana power plant will be implemented on a build, own and operate (BOO) basis in pursuant to a 22-year implementation agreement.

The government will provide necessary land and required gas to the selected sponsors for generating electricity.

It will also purchase electricity from the selected sponsor at its offered rate.

Estimated cost for installing the Bibiyana plant would be over $300 million.

This is, however, the second tender for setting up the Bibiyana 450 MW independent power plant (IPP) in the country's northeastern region.

The power ministry last year had floated international tender to install the IPP but later scrapped it as the lone responsive bidder Malaysian Powertek consortium offered higher tariff rate for sale of electricity from the plant.

http://www.thefinancialexpress-bd.com/2009/09/14/79014.html

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发表于 2009-9-14 11:36 | 显示全部楼层
Bibiyana plant: 4 power cos selected

Staff Reporter

The Power Cell primarily selected four power producer and manufacturer companies for installation of 450MW Power Plant at Bibiyana in Habiganj, sources in the Power Cell said, sources said.

The Power Cell sent the four short-listed power company's name to the Ministry of Power and Energy on Thursday last.

The four power producer and manufacturer companies are: The companies which submitted the pre qualification statements are YTL Power International Berhad of Malaysia, Summit Industrial and Mercantile Corporation (Ptv) Limited and GE Energy LLC, Bangladesh, Joint venture of China National Machinery and Equipment Import and Export Corporation (CMEC), Shenwan Power Gas Turbine Engineering Technique Com. Ltd (NSRD) and Asian Entech Power Corporation Ltd (AEPC) and OTOBI Ltd (OTOBI), and MPC Consortium of Meiya Power Company (Hong Kong) and Shasha Denis Ltd of Bangladesh.

Besides, Independent Power Corporation PIC of England, Ranhill Berhad of Malaysia and Globeteq Advisors Limited of England dropped out from the short lists to establish the mega power plant.

The Ministry of Power and Energy will select a lowest bidder out of four after final scrutiny of their documents. But, the ministry is yet to take any decision about the matter, sources said.

Earlier, seven power producer and manufacturer companies have submitted pre qualification statements on April 23 to get the work permit to install the power plant.

A total of Tk 2,700 crore is needed to install the power plant, according to sources.

The recent past caretaker government had suspended the power plant project last year as Malaysia's Powertek Consortium was the only bidder for the Plant.

The advisory committee on government purchase cancelled the tender because of the overpriced quotation by Powertek and took decision in favour of re-tender at that time.

Powertek quoted 4.399 cents per kilowatt-hour of sales against its previous offer of 4.53 cents, sources said.

http://nation.ittefaq.com/issues/2009/09/14/news0256.htm

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发表于 2009-9-14 12:46 | 显示全部楼层
今年和明年真的是YTL Power忙碌的投标年。。
除了孟加拉的Bibiyana Power Plant, 它目前还参与了南非两个投标 --
一个Eskom baseload IPP投标 和一个Muharraq sewage plant投标
明年也参与南非的Tubli sewage plant投标

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发表于 2009-9-14 17:34 | 显示全部楼层
如果你投入

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发表于 2009-9-16 22:05 | 显示全部楼层
本帖最后由 侯鸟神 于 2009-9-16 22:07 编辑

楊忠禮電力面對風險考驗大馬財經即時新聞 2009-09-16 16:08
(吉隆坡)楊忠禮電力(YTLPOWR,6742,主板基建計劃組)名列孟加拉發展成本估計為13億6000萬令吉的比比雅納發電廠決選名單(shortlist),分析員認為缺乏當地公司幫助,成功奪標機會仍不明朗,且一旦奪標也將面對執行風險等考驗,潛在盈利貢獻有待商榷。




楊忠禮電力是其中一家被列入競標孟加拉450兆瓦,經營22年天然氣發電廠決選名單4強的公司。這座發電廠合約成本達270億孟加拉塔卡(約3億9000萬美元),其22年執行協議內容涵蓋建築、擁有和營運基礎。

孟加拉電力與能源部將在審視最終報告後從中篩選競標價最低的公司,並為此項發電廠計劃提供土地和天然氣,然後透過特定價位向特選保證人採購電力。

達證券認為,這是孟國為這家發電廠第二次招標,去年招標丹絨(TANJONG,2267,主板貿服組)有參與投標,但最後招標告吹。進軍孟加拉,最大是主權風險,不過丹絨2007年透過收購GLOBELEQ進軍當地,成績不俗。

此次,楊忠禮電力是唯一一家單獨參與競標的外資公司,其餘3家候選公司都有當地夥伴。

星洲互動‧2009.09.16

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发表于 2009-9-17 01:19 | 显示全部楼层
本地传媒都是慢两拍。。新闻足足迟了两天才出现。。
呵呵。。不同证券行讲不同的鸟话。。
以下是中国报的新闻。。

更新: September 16, 2009 23:19

競投孟加拉13.6億工程
楊忠禮能源前景看俏
(吉隆坡16日訊)楊忠禮能源(YTLPOWR,6742,主板基建)在孟加拉投標總值13億6000萬令吉發電廠計劃,儘管該公司同時涉及投資額龐大的WiMAX計劃,然而券商仍看好前景,股價微漲。

該股開市起1仙至2.16令吉,休市維持在2.16令吉。

益資利艾文紐證券研究報告指出,楊忠禮能源是上述計劃最后一輪競標的4家公司之一,也是唯一一家單獨競標的外國公司,其余3個競標集團,都是由孟加拉本地與外國公司的聯合集團。

天然氣發電

報告說,這項耗資龐大的工程,合約期限長達22年,包括興建、擁有及操作發電廠,孟加拉政府將提供土地及發電所需天然氣,然后以較低的價格向發電廠購買電供。

“發電廠的發電量達450兆瓦(MW),以天然氣發電。”

券商認為,儘管楊忠禮能源在未來5年,將涉及楊忠禮集團在本地開發的WiMAX無線寬頻投資計劃,整個計劃未來5年投資額高達25億令吉,楊忠禮能源將承擔其中15億令吉的資本開銷,然而其前景仍被看好。

閉市時,楊忠禮能源起2仙,掛2.17令吉,成交量517萬600股。

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发表于 2009-9-17 01:28 | 显示全部楼层
本帖最后由 klagigi 于 2009-9-17 01:48 编辑
楊忠禮電力面對風險考驗大馬財經即時新聞 2009-09-16 16:08
(吉隆坡)楊忠禮電力(YTLPOWR,6742,主板基建計劃組)名列孟加拉發展成本估計為13億6000萬令吉的比比雅納發電廠決選名單(shortlist),分析員認為缺乏 ...
侯鸟神 发表于 2009-9-16 22:05

其实那其中两家当地公司都是小公司没有知名度的,连当地人都觉得不可思议,Independent Power Corporation PIC of England 和 Globeteq Advisors Limited of England这类国际大公司反而出局。。

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发表于 2009-9-24 00:43 | 显示全部楼层
Power Cell awaits Ministry’s approval for final bidding on 450MW Bibiyana Power Plant

Reported by: UNBconnect
Reported on: September 23, 2009 18:29 PM
Reported in: National

Dhaka, Sept 23 (UNB) - Having selected four international companies as qualified bidders for the 450-MW Bibiyana combined-cycle power plant, Power Cell now awaits the Ministry’s approval to issue Request for Proposal (RFP) documents to the bidders in the long-drawn process of implementing the major project.

“We sent the list of the selected qualified bidders to the Power Division in the middle of the current month. As soon as we get back the relevant file with Ministry’s approval, we’ll start for final bidding through starting the RFP-issuing process,” said a top official of the government agency, Power Cell.

A technical wing of the Power Ministry, the Power Cell was established to implement reform process in the power sector and also implement power-plant projects in private sector as part of a crash course for remedying chronic electricity shortages in the country.

As part of its job, the Cell invited international pre-qualification (PQ) bids early in the current year from the international companies to qualify for installing the 450-megawatt Bibiyana plant.

A total of seven international companies submitted the bids for the project. Of them, four came out as qualified bidders in the PQ bidding process.

The 4 qualified bidders are YTL Power International Berhad of Malaysia; Summit Industrial and Mercantile Corporation (Ptv) Limited and GE Energy LLC, Bangladesh; Joint Venture of China National Machinery and Equipment Import and Export Corporation (CMEC), Shenwan Power Gas Turbine Engineering Technique Com. Ltd (NSRD) and Asian Entech Power Corporation Ltd (AEPC) and OTOBI Ltd (OTOBI); and the joint venture of MPC Consortium of Meiya Power Company (Hong Kong) and Shasha Denis Ltd of Bangladesh.

The three companies which failed to qualify in the latest round of bidding are Independent Power Corporation PIC of England, Ranhill Berhad of Malaysia, and Globeteq Advisors Limited of England.

The planned Bibiyana power plant will be installed at a site adjacent to Bibiyana gas field in Sylhet region.

In the tendering process, a Malaysian company, Powertak, which was selected with the submission of power tariffs at 4.399 cents per kilowatt-hour, was rejected on the plea that it was a single bidder.

Now again the bids are being received for a second time.

Power Cell officials said that they would issue the RFP for the companies in October giving them 90 days to submit their respective technical and financial offer to vie for the work in the final round of bidding.

In that bidding, one bidder will be selected with lower tariff offer, said the officials, adding that, after the final-round bidding, the winning bidder will be asked to install the plant.

The power plant will be set up by the private sponsor on build-own-operate (BOO) basis and government will purchase electricity from the project for about 22 years time.

The project cost is estimated to be Tk 2,000-25,000 crore or about $ 200-250 million.

The government will also supply gas and provide the land for the independent power producer (IPP) project while the private investor will install the plant at its own cost.

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发表于 2009-9-24 11:11 | 显示全部楼层
楊忠禮電力 转型 無線寬頻投資集团。。
杨公子还会多元化集团业务。。 真厉害
还搞不相干的业务。

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发表于 2009-9-24 11:17 | 显示全部楼层
也不是不相干的,杨忠礼电子就是做無線寬頻投資集团。 现在把业务融入楊忠禮電力应该是现金的问题。

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发表于 2009-9-24 11:35 | 显示全部楼层
我们应该把集团所有的公司看成一体?还是分开呢?
但愿無線寬頻投資不会给楊忠禮電力带来伤害

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发表于 2009-9-24 14:27 | 显示全部楼层
我认为会对股息收入有伤害,因为每年無線寬頻投資的资本开销会对自由现金流有所影响。考虑到warrant A的到期与转换会稀薄每股盈利,另外也要计算seraya power的贡献能否抵消这笔开销。

楊忠禮電力正处于成长期段,手上还有竞标的project,前提是资本开销会不会控制妥当,不然会影响派息政策。

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发表于 2009-9-24 23:08 | 显示全部楼层
呵呵,我也是那么想蛋散兄,
我不懂WIMAX,无法给到什么样的评论,
但我还是会等到明年,看看seraya power的贡献后才来做决定。

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