Will 1MDB buy over YTL Power's Paka and Pasir Gudang operations?

The New Mega IPP?

Seems 1MDB is in a hurry and feeding frenzy to gobble up IPPs in Malaysia.

First, they took over Ananda Krishnan's  Tanjong's power operations.

Now, they are in the process of trying to take over Genting Sanyen Power profiting the Genting Group.

So, what is left of the IPPs?

Yes to fell to 1MDB?

The biggest one is under Syed Mokhtar called Malakoff en-route for re-listing on the bursa.

The Southern Megalith 

So, when do you think they will take over YTL Power's assets in Paka and Pasir Gudang?

Note the word, "When".

Knowing Francis, he may give it away if the price is right and concentrate on foreign power and utilities acquisition.

Powering the Eastern Seaboard

After all the current rates for Pasir Gudang and Paka will come for negotiation only in 2015.

So anything can happen with 1MDB until then.

If the government wants to forever get rid of IPPs as a sad relic of the Mahathir era, maybe it is NOW!

But you will get a gigantic 1MDB IPP instead.....won't you?

Will that means no more over-pricing of tariffs to Tenaga?

You never know ......................

Subdued Trading Week at the Bursar

Dull Dullard

If there is one word to describe the mood of the Bursa KL this week, it is subdued.

Trading was down tempo with the general market trading in lack-luster fashion.

Except for the few orang puteh managed companies such as F&N, Nestle, GAB, BAT,Carlsberg, Digi, Dutch Lady, and LMCement, the market see-sawed.

What I did notice was there was sustained buying on two specific counters.

Surreptitious Amassing by EPF

The first is YTL Corp. The buyers included the Yeoh family members themselves including YTL himself. There was aggressive Treasury buy-ins when the counter dived to RM1.76.

Also in apparent disguised buying was EPF, collecting YTL Corp shares like there is no tomorrow.

Something is happening and those in the corridors of corporate powers know.

With RM16 billion in cash, I believe that Francis will announced massive power and utilities acquisition as he puts YTL Power into privatisation mode.

To ensure YTL Corporation shareholders get the best deal, expect both YTL Corp and YTL Power to start on a upward price trajectory soon.

The apparent game to my mind will be to have a significant gap between the price of these two counters before the swap valuation is announced. A good bet will see YTL Corp breaching RM2.50 with YTL Power moving closer to the RM2.30 mark.

The exchange will see the privatisation of YTL Power at the best price to the Yeohs, YTL Corp and YTL Power shareholders.

I think Francis is going for triple harmony.

Telenor Uptake?

Another counter going north is Digi.com. As usual, EPF is just gobbling it up.

The price today at closing was RM4.71 at a 1-sen share par value or an equivalent RM47,100 per lot on the cum-par value basis of a 10 sen share.

What do you think is in the offing?

I do not think it is the current 5.9% cum dividend or the impending dividend in specie due in the first quarter of 2013.

I am inclined to think it will be the liberalisation of the telecoms sector where the foreign sector can take more than the maximum ceiling share holding of 49%. If that be the case, then Telenor can buy more and the price will go up and up as the current float gets digested and warehoused.

Will Starbucks Buck up the Price?

Today marked the last day of BJFoods's mother share. It ended up 1.5 sen at 97 sen.

The new rights at 65 sen and the warrants (2012-2017) at a convertible price of 70 sen  will start trading on Monday 13 August.

Will it go up and will dumping takes place?

If so, will Vincent and his allies start up the Dysonian mopping exercise to ensure the spoils of Starbucks remain in the family?

Whatever the case, it would be interesting to watch what the warrants will fetch.

Starbucks, We are F.......ked! Royally So!

Losing its luster?

Vincent has lost his magic touch. That is almost sure by the way most of his counters are floundering.

As for Robin, he is now in limboland. Will some seeds help?

Remember the failed listing on the Bursa of Berjaya Retail? Crying shame.

What about fly-high BJ Sports Toto? Dwarfed like Uranus.......

BJ Land-prices has slid down the tube...........to the inner depths.

BJ Corp-too many machinations. We have lost the plot here after the delisting of Cosway from Hong-Kong.

BJ Media-out of the news with such lo,low prices...its chokingly sickening.

BJ Assets-also sliding.............

Thought that one great hope was BJ Foods with its expansion plans and absorption of 50% of the South-east Asian Starbucks franchise.

No, but that is where I got it wrong.

The counter before and after ex was a killer for loyal shareholders.

The prices of the counter is nearing morgue prices as we get nearer to the new rights and warrants listing on 13 August.

Do we have to do a post mortem on a half dead counter?

The Berjaya Group management must be hiding in the woodworks by now.

Fear is the Key

Fear is Crippling

Malaysia is suffering from perception problems.

Crime is low as bailed out by police statistics.

But then, why is there fear in the air?

Why are shops and offices closing so much earlier than usual?

Is there a key to safeguard the innocent populace?

Why is that worried, hurried,' looking over your shoulder' look so prevalent these days that we see almost everywhere as dusk falls?

Like from some bad movies.

The truth?

Somewhere beyond statistics.

The number of crime graphically described  in the virtual social network from blogs to Facebook attest to the horrors of street crimes and daylight robberies. The frequency of such happenings is shocking. The apparent fear is no one can be safe anymore.

Politically, in Sabah in various districts are purported reports of being overwhelmed by foreign elements. Fear is real;no longer apparent.

Are our borders that porous?

Or is that problem an opportunity for many to maintain the status quo politically as fear is the key?

Angela's Happiness Pursuit. Don't We All?

Angelina Jolie wants happiness in her heart. That is key.

We all desire that too-to live not in fear.

To be secure in our search for happiness.

Is Malaysia safe anymore?

A USM Rum a Dum Dum Party

Sensational Drink from NZ!

On this occasion of Manlin's  home-coming, we had dinner at Ting's Cafe.

The 14 of us were:

CK Toh and Missus
Manlin
Jenny
Kooi Meng
KC Chia
YK Chan
KG Yeo
GO Yeoh
ST Lee
SC Ooi
SP Chin
Richard

We specially ordered Hainanese chicken rice,kampung chicken, assam prawns, assam fish,Hainanese stewed mutton, loh hong chai, siew pok choi and local fruits.

Manlin brough white wine and Manuka Coconut rum.

The rum was fabulous!

We had a great time.

We ought to meet more often.

Gratings,Fencing and Danger

When times get bad, the bad gets going.

Look!  Wahloi! It's gone!

And so it seems.......................

So, in one fell swoop, the raiders of metal gratings stormed into SEAPARK, PJ in the wee hours of one morning and pried away these metal pieces that is meant for drain  maintenance. They then fenced it off to unscrupulous traders in the metal trade for quick cash.

My way

These man-hole covers are really important, providing public safety. You can literally fell into one exposed manhole and break some of your teeth!

Red Flagging

When I was in Manila a couple of decades back, a few of us Malaysian students at the Asian Institute of Management were on the way to the residence of the Malaysian Ambassador to have dinner in conjunction with Merdeka Day.

Tyre Deterrent

Walking on the pavement, one of our friends Kee Boo just disappeared. Suddenly we heard a moan and then a shout. Mama Mia! He has fallen into a uncovered man-hole. Fortunately, except for some cuts on the arms, Kee Boo had one lucky escape.

Plank will do

See the novel ways residents have temporarily covered these dangerous walk-way gaps.

The local authorities must find a way of sealing such gratings in some permanent ways to deter thieves such as attaching them semi-permanently on to the concrete.

Sugarcane leaves? Scary-lah this one!

Driving Miss Daisy-What Fun It Was!

The Joy of Driving Miss Daisy

One great revisit down memory lane I had; watching Driving Miss Daisy.

Jessica Tandy and Morgan Freeman really hit it off as  Daisy and  Hoke in this story about an old, cranky Jewish lady and and patient old Afro-American chauffeur in the post war years of the 1950s.

Jessica Tandy-Winning the Oscar

 The charm of the south  and the quintessential Southern relationship that can exists between bosses and workers is truly felt throughout this gem of a movie.

Classic Role

Really worth a re-visit.