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You can go to i3investor, i had written about YTLPower in hedging of natural gas, from last year 3rd quarter lost about 388 millions and this year 3rd quarter profit of 208 millions.
The electricity price in Singapore raised about 9.8% at 4th quarter from 3rd quartet and the turnover of may be raised to exceed 1.6 billions. The profit from the hedging only can be realized after the hedging contract expired. Therefore, this 4th quarter profit might be good and the management will give up good dividend to shareholders especially for YTL which performance may not be as good. Dividend from YTLPower and Ytlreit will be the income for YTL, so that dividend can be distributed.
Singapore power generation capacity will be reduced from excess 62% last year and this year will drop to about 30%. Next few years, the excess capacity will be at about 27% which is the minimum requirement figure by Singapore government.
The capacity of power generation in Singapore was heavily excess in last 4,5 years and YTLPower earning at Singapore kept deteriorating until lost money last 2 years. This year YTLPower Singapore 2021 is expected to turn positive and will continue to make profit. At the moment, YTLPower provided 16% of electricity consumed in Singapore and hopefully can successfully acquire Tuas Spring power generation, then the provision will increase to 20%.
Singapore is now start promoting cO2 emissions reduction & even SMRT TAXI is going to use 300EV taxi, people also start buy EV which become more & more popular now. Expected higher electricity usage in near future…
Lee Chee Kit, I total agreed with you. Oil consumption by all vehicle is about 40-45% of today oil production. If Singapore converted it vehicles to EV, the electricity consumption will be tremendously increased. At the moment, YTLPower Singapore owned about 24% of electricity capacity in production, but it only produced 16% in operation. The balance is in standby and efficiency is not as good. I think with the vehicle converted to EV, consumption will go up and might look into upgrading.
Last year, Singapore electricity production capacity was about 12300 MWH and peak consumption of 7300 MWH. Not efficiency power stations will be stopped production this year and expected the excess capacity will reduce to 30%.
Jackson AhChai, what you said is what i am doing. My personal view is that if dividend is high, it will reflect in the share price later. If dividend yield is not compactible with share price, then sell it.
Law77, i had read a report from from Chinese contractor for the Jordan power station 2 month plus ago. Unit 1 had completed and unit 2 near completion. It was not mentioned in the report that when will start production of electricity.
Can go to i3investor, to listen to youtude about interview of Francis Yeoh by Bloomberge dated 4th,Aug,2021. He mentioned that Singapore power production business was good. My view was that YTLPower issued 2 cents dividend at June, 21, indicated that performance of 4th quarter expected to be very good.
