by AER | Sep 11, 2015
ISSUE 13 – DATE 7 SEPTEMBER 2015 INTRODUCTION AND OBJECTIVE In this article, I wish to tabulate some published information obtained from my research by going through public announcements in the public domain, both the company’s websites, news in the media, annual... read more
by AER | Aug 24, 2015
ISSUE 12 – DATE 19 August 2015 INTRODUCTION AND OBJECTIVE Currency exchange rate affects an operational entity in many ways, and practically the overall economy in general. Some sectors will benefits while others may be negatively affected whenever domestic currency... read more
by AER | Aug 11, 2015
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... read more
by AER | Aug 10, 2015
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... read more
by AER | Aug 7, 2015
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... read more
by AER | Aug 10, 2015
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... read more
by AER | Aug 7, 2015
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... read more
by AER | Aug 7, 2015
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... read more
by AER | Aug 7, 2015
ISSUE 5– DATE 19 JULY 2015 1. INTRODUCTION AND OBJECTIVE This article attempts to discuss on some basic principles that should be considered in addressing the determination of Terminal Value (TV) which is a source of input in FCFE / FCFF. Generally, the determination... read more
by AER | Aug 7, 2015
ISSUE 4– DATE 19 JULY 2015 1. INTRODUCTION AND OBJECTIVE This article attempts to discuss on some basic principles that should be considered when determining the WACC, which is the discount rate used when using the FCFF method (discussed in Topic 2). Method... read more
