TOPIC 11 – Valuation Hierarchy

ISSUE 11  – DATE 9 August 2015 INTRODUCTION AND OBJECTIVE Often in times, we notice that there are many valuation techniques being used and we also noted that the outcome of the fair values is affected by the technique chosen.  Some of the techniques chosen require an...

Topic 10 – Credit risk and Counterparty credit risk

ISSUE 10  – DATE 6 August 2015 1. INTRODUCTION AND OBJECTIVE This article attempts to discuss some considerations on credit risk of a body corporate and counter party credit risk of a body corporate, applicable to a national electricity body such as Tenaga National...

Topic 9 – Relative Valuation Analysis

ISSUE 9  – DATE 28 JULY 2015 1. INTRODUCTION AND OBJECTIVE This article attempts to discuss some considerations that need to be taken into account when evaluating using the Relative Valuation Analysis also commonly known as RVA. This article will make reference to...

Topic 8 – Case Study

ISSUE 8 – DATE 21 JULY 2015 1. INTRODUCTION AND OBJECTIVE This article attempts to discuss two selected past transactions that I have gathered from public domain and public announcements, to illustrate the manner of pricing methods being used in some power plant...

Topic 7 – Country Risk Analysis Methodology

ISSUE 7 – DATE 21 JULY 2015 1. INTRODUCTION AND OBJECTIVE This article attempts to discuss some common techniques that an analyst could use in analysing the country risk, and this is especially important in investing in power plants in emerging markets. These risks...

Topic 6 – Difference Between Equity IRR and Project IRR

ISSUE 6 – DATE 20 JULY 2015 1. INTRODUCTION AND OBJECTIVE This article attempts to discuss on the difference between equity IRR and project IRR which are commonly computed in the appraisal of an independent power plant when discounted cash flow technique is used. Type...
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