dah beritau few days earlier, sudah naik sekarang :)

https://www.nst.com.my/property/2019/11/537821/starhill-gallery-undergo-transformation

https://www.businesstimes.com.sg/companies-markets/starhill-global-reit-extends-kl-mall-leases-lifting-overhang

Corporate Proposals Announced and Pending Completion
As at the date of this report, being the latest practicable date, there are no corporate proposals
announced and pending completion, save for the following: -
(I) On 6 December 2018, YTL Hotels & Properties Sdn Bhd (“Buyer”) entered into a sale
and purchase agreement (“SPA”) with KKH Property Investors, S.L.U. (“Seller”) to
acquire:
(i) 548,000 ordinary shares of EUR1.00 nominal each representing the entire share
capital of SOL HTL Project, S.L.U. (“SOL HTL”), a company incorporated in
Madrid, Spain; and
(ii) Loans owing by SOL HTL to the Seller or its affiliates on completion date.
for an aggregate consideration of EUR220 million (equivalent to RM1,038 million, based
on Bank Negara Malaysia’s published middle rate of EUR1:RM4.7180 as at close of
business on 6 December 2018), which is subject to adjustments (“Proposed Acquisition”).
The Company is also a party to the SPA, namely as the guarantor of the Buyer’s
obligations.
SOL HTL owns a property which will be refurbished and converted into a 200-room
hotel to be operated under the EDITION brand of Marriott International, Inc group
(“Proposed Hotel”). The property is located at Plaza de Celenque no. 2, 28013 Madrid,
Spain, which is registered in the Madrid Property Registry number 4, volume 2879, book
195, folio 1, and with property registration no. 56,167. This property forms part of a
building which also houses Fundación Obra Social y Monte de Piedad de Madrid.
The completed Proposed Hotel will comprise:
(i) the registered plot (finca registral) registered with the Land Registry of Madrid no.
4 (Section 2B), no. 56,167 comprising the plot of land located at Plaza de Celenque
no. 2, 28013 Madrid, Spain and building ownership rights to the building located at
Plaza de Celenque no. 2, 280 Madrid, Spain;
(ii) all easements or other rights appurtenant thereto; and
(iii) all furniture, fixtures and other equipment, fixed assets and inventories as
described in the SPA.
Completion of the Proposed Acquisition will take place after satisfaction of certain
conditions to completion as set out in the SPA, which includes, among others, the
opening of the Proposed Hotel as an EDITION hotel (“Opening Date”). The Opening
Date is targeted for before 31 December 2020.
Subsequently, the parties agreed to amend the SPA to incorporate the right of either
party to terminate the SPA where the conditions to the effectiveness of the SPA as set out
in Section 2.1 of Appendix A to the announcement dated 7 December 2018
(“Effectiveness Conditions”) have not been satisfied or waived, as the case may be, in
accordance with the SPA on or before the last date of any calendar month by giving
written notice to the other party within two business days of such date provided that the
SPA will terminate automatically if the Effectiveness Conditions are not satisfied or
waived, as the case may be, by 31 December 2019.

Malayan Cement to turn around from 2020 — Affin Hwang | The Edge Markets
5 Nov 2019 · The research house said cement price has improved to about RM210 to RM230 per metric tonne in October, from RM190 in September, due to more rational pricing post-consolidation in the industry.

:)

Cement prices may go up by year-end
CORPORATE NEWS
Monday, 16 Sep 2019
By GURMEET KAUR

Big players: YTL had launched a takeover of Lafarge Malaysia in May and now owns a 77% stake in the latter. They control more than half of the cement market.

PETALING JAYA: Cement prices are expected to go up by the end of the year, following early signs of recovery that have come about as a result of the acquisition of Lafarge Malaysia Bhd by YTL Cement Bhd.

Demand for cement is also seen to be picking up in the fourth quarter, as mega-infrastructure projects such as LRT3 and the East Coast Rail Link which have been approved are ready to start work.

According to UOB Kay Hian, based on its channel checks, cement prices could be raised by about 10% in the fourth quarter of 2019 (4Q19) to RM220 per tonne and go up further to RM250 per tonne in 2020 as the price war between players will likely ease as a result of industry consolidation.

YTL had launched a takeover of Lafarge Malaysia in May and now owns a 77% stake in the latter. They control more than half of the cement market.

Following that deal, there was a significant drop in Lafarge Malaysia’s operating cost in its 2Q19 even though cement prices have yet to be revised upwards.

Cement in Malaysia is currently priced at RM190 per tonne. In June this year, cement manufacturers had looked to increase prices of cement by 40%, citing high operating costs. But that decision was reversed after businesses raised concerns over the planned steep price hike.

A marginal price hike on a gradual basis would be more acceptable, according to analysts, given that construction companies were already grappling with cost increases such as from higher electricity tariffs over the past few years.

Back to Lafarge Malaysia, it narrowed its core net loss to RM46.4mil in 2Q19 as compared with RM77.1mil in the same period a year ago after cost declined substantially.

For the April-June period, Lafarge Malaysia’s cost of sales declined by 6.4% quarter-on-quarter (q-o-q) and 13.1% year-on-year (y-o-y). Selling and distribution expenses declined by 19.5% q-o-q and 30.9% y-o-y, while administrative expenses dropped by 12.0% q-o-q and 39.5% y-o-y, UOBKayHian noted in its recent report.

“We expect a gradual price hike to be the next agenda after YTL successfully brings down Lafarge’s operating cost, ” the research firm said.

On the other hand, if prices of cement remain unchanged, the second-half of financial year 2019 (2H19) will be the barometer to measure Lafarge Malaysia’s progress on cost management.

Alliance DBS in a recent report said it expects the company, which is proposing a name change to Malayan Cement Bhd, to further narrow its losses in 2H19 on the back of better cost control.

Analysts also expect the outlook for competitor HUME INDUSTRIES BHD to improve along with better sector prospects as cement demand picks up.

Hume posted a net loss of RM27.87mil in its fourth quarter ended June 30.

If cement prices are raised to RM220 per tonne, they are close to the breakeven point of Hume, according to UOBKayHian.

“For FY20, we have assumed a cement average selling price of RM250 per tonne and we forecast Hume to report earnings of RM38.8mil, ” it added.

Shares in Lafarge Malaysia closed four sen down to RM3.39, while Hume was up four sen to RM1.12 last Friday.

Cement is improving continuously since the deal was completed.

https://www.mida.gov.my/home/8805/news/ytl-cement-its-position/

Ytl is listed in Malaysia and Japan now. It should also list in UK, many big projects in UK :)

YTL sees rail opportunities in U.K

YTL Corp Bhd developed the Express Rail Link, which operates the KLIA Ekspres and KLIA Transit services from Kuala Lumpur International Airport (KLIA & klia2) and the city.
By Sharen Kaur
November 21, 2019 @ 5:25pm
KUALA LUMPUR: YTL Corp Bhd, the biggest Malaysian investor in the United Kingdom, plans to foray into the state's rail industry, said executive chairman Tan Sri Francis Yeoh.

Yeoh said the rail sector in the UK is a growing industry and offers a bright future for companies looking for opportunities.

It was reported that the UK rail system contributes £36 billion to the UK economy annually.

Research from Oxford Economics published by the Railway Industry Association (RIA) last year showed that the sector contributed more to the UK than food and beverage, tobacco manufacturing, and the chemical and pharmaceutical industries.

Yeoh told the New Straits Times in an interview that YTL was keen to tap investment opportunities in the rail sector there.

But the plan would not be immediate as it wanted to focus on constructing new transport infrastructure for its flagship property development project Brabazon, he added.

YTL Developments UK, a wholly-owned subsidiary of YTL group, is developing Brabazon, a mixed development located at the former Filton airfield in Bristol.

The gross development cost for Brabazon is over £2 billion and will contain 2,675 homes and 25ha employment space, among others.

Yeoh, who recently was awarded the honorary British award of Knight Commander of The Most Excellent Order of the British Empire (KBE), said YTL Developments would invest over £100 million to develop the infrastructure comprising a new MetroBus, railway station and integrated cycle routes to connect Brabazon to neighbouring and existing networks.

“It's a small project. We are familiar with railway development but we want to experience developing the connectivity between rail and bus with Brabazon and then open our opportunities to look at regulated assets in the rail side in the UK.

“We plan to build a railway station and some railway facilities for people to get to the development. All the bicycle tracks and rails are improvement for Bristol. This will cut down a lot of cars on the road," said Yeoh.

Construction for the transport infrastructure may start next year, said Yeoh, who was conferred the knighthood in October by Queen Elizabeth II for his contribution in strengthening UK-Malaysia bilateral relations.

"Rail development is one of the toughest businesses but we have the expertise as we developed the Express Rail Link (ERL) in Malaysia. But building a large scale rail project is different. We have not gone into that field but we will experience it with this small project in Bristol," said Yeoh.

:)

https://www.nst.com.my/property/2019/12/545460/ytl-builds-one-worlds-largest-indoor-entertainment-arena

KUALA LUMPUR (Dec 6): The FBM KLCI continued to climb into positive territory in tandem with regional stocks which ticked higher, as risk sentiment was lifted by positive comments from Washington on the ongoing trade talks with Beijing.

FTSE Russell and Bursa Malaysia also said there will be no changes to the constituents of the FTSE Bursa Malaysia (FBM) KLCI, following the semi-annual review of the FBM Index Series yesterday (Dec 5).

At the time of writing, the benchmark index rose 3.61 points to 1567.19. So far, 1.52 billion shares were traded for RM714.37 million.

U.S. President Donald Trump said on Thursday that the talks were "moving right along", even as the two sides remained at odds over rolling back existing tariffs and other issues such as the protests in Hong Kong, Reuters said.

"U.S.-China trade talks are complex; fraught with a multitude of quantitative (e.g. magnitude of farm purchases) and qualitative (e.g. IP and forced transfer of technology) issues. But at this stage, tariff rollback threatens to be the deal-breaker," Reuters wrote, quoting Mizuho Bank in a note to clients.

At Bursa Malaysia, a mixture of plantation and rubber stocks lifted the KLCI.

Topping the gainers list on the index was Sime Darby Plantation Bhd which rose two sen or 0.85% to RM2.36; as well as Kuala Lumpur Kepong Bhd, climbing 38 sen or 1.6% to RM24.12, and Hartalega Holdings bhd which rose seven sen or 1.36% to RM5.20.

what is airasia going to do with AAX? Cash Call again?

are all these UK hotels to be sold to YTL REITs next year as reported? :)

YTL Hotels expands portfolio in UK with three acquisitions ...
https://www.theedgemarkets.com › article › ytl-hotels-expands-portfolio-u...
Sep 30, 2016 - KUALA LUMPUR (Sept 30): YTL Corp Bhd's wholly-owned subsidiary YTL Hotels & Properties Sdn Bhd has expanded its luxury portfolio and ...
Malaysia's YTL Hotels to open second London hotel | Hotel ...
https://www.hotelmanagement.net › openings › malaysia-s-ytl-hotels-to-op...
Malaysia's YTL Hotels to open second London hotel. by Victoria Rosenthal |. Jul 25, 2018


By Sharen Kaur - October 7, 2019 @ 11:52am
LONDON: YTL Corp Bhd is preparing to inject its UK properties, estimated to worth over RM1 billion, into its global hospitality real estate investment trusts (YTL Reit) next year.

The group, through YTL Hotels & Properties Sdn Bhd, owns and operates five luxury hotels across United Kingdom.

They are The Academy Hotel in Bloomsbury district, Threadneedles Hotel in London, Monkey Island Estate in the village of Bray, Berkshire on the River Thames, Gainsborough Bath Spa in Bath and the Glasshouse hotel in Edinburgh, Scotland.

YTL Corp executive director Datuk Mark Yeoh said all the five hotels are performing well in terms of occupancy and revenue.

“The hotel business has been very robust since we acquired the properties. All the numbers are very positive. The yields are good, giving us over six per cent per annum. We continuously aim for higher numbers,” Yeoh told the New Straits Times in an exclusive interview here.

Yeoh, who is also executive director for YTL Hotels, added that the group had invested circa about 100 million pounds to acquire and refurbish the properties in the last three to four years.

He said YTL had a global mandate to grow the YTL Reit business and it had been expanding steadily over the years.

YTL Reit, listed in 2005, had a market capitalisation of about RM2.28 billion as at October 3 thisyear, with a wide portfolio of prime hotel properties valued around RM5 billion.

The hospitality assets range from business to luxury hotels and are spread across a range of unique locations worldwide.

In Malaysia, these include the JW Marriott Hotel Kuala Lumpur, The Majestic Hotel Kuala Lumpur, The Ritz-Carlton, Kuala Lumpur (Hotel and Suite wings), the Pangkor Laut, Tanjong Jara and Cameron Highlands resorts and the Vistana chain of hotels in Kuala Lumpur, Penang and Kuantan.

The Reit's international portfolio comprises Hilton Niseko Village and The Green Leaf Niseko Village in Japan and the Sydney Harbour, Brisbane and Melbourne Marriott hotels in Australia.

“When we invest in a property, we give it a three to five years horizon. Our properties have to be reitable. We have investors or unit holders who are always with us. They have been long term with us. We have investors dialogue and they are always asking us about expansion.

“We told them when the hotel business matures, and when it gives a lot of yield or yield accretion, we will offer it to the Reit and this is what we are working on doing currently. The numbers are getting there for the London properties,” he said.

YTL Reit’s fourth-quarter net property income (NPI) grew 3.7 per cent year-on-year because of higher master leases, which in turn, was mainly due to the acquisition of The Green Leaf Niseko Village in Japan in September last year.

The NPI increase to RM60.26 million in the fourth financial quarter ended June 30, 2019 (4QFY19) from RM58.11 million a year ago.

Its realised income grew 6.8 per cent to RM35.77 million from RM33.49 million in 4QFY18.

Quarterly revenue increased 1.8 per cent to RM118.67 million from RM116.6 million in 4QFY18.

YTL Reit declared a final income distribution per unit (DPU) of 2.1 sen per unit for the financial year ended June 30, 2019 (FY19). The payout represents 100 per cent of the total distributable income for FY19.

For full FY19, YTL Reit’s NPI increased 1.8 per cent to RM253.28 million versus RM248.83 million the previous year, while revenue fell two per cent to RM490.9 million from RM501 million in FY18.

Its realised income for the year remained flat at RM134.15 million compared with RM134.011 million.

“Our Reit is now giving circa over six per cent so whatever assets we put in they must achieve REIT-accretion. The UK assets are just perfect to grow YTL Reit.

“We are opportunistic investors now. We have a pipeline of assets coming in and we want to constantly give to the Reit. By early 2021 YTL Reit will be bigger than its current size,” said Yeoh.

good for ECRL, ERL & HSR to interconnect in NS for maximisation of usage, connectivity, etc... possible for ERL to be expanded into NS :)

kalau mau pakai wang, usah beli.. nanti terpaksa jual sebelum new rate announced :)

ada risk juga, further delay for the new rates :)

ERL, possible for the extension to NS & Melaka :)

Expansion
A 2.14 km extension to the new KLIA2 terminal of Kuala Lumpur International Airport has been completed. Commercial service commenced on 1 May 2013.
There are proposal to extend the line to Labu, Seremban and Melaka

Awards and Achievements
Year Award Category Result Ref(s)
2014 Global AirRail Awards North Star Air Rail Link of the Year Won [14]
2015 Global AirRail Awards North Star Air Rail Link of the Year Won [14]
2016 Global AirRail Awards North Star Air Rail Link of the Year Won [14]
Social Responsibility Won

:)


Express Rail Link Sdn. Bhd. (ERL) is a joint venture company between YTL Corporation Berhad, Lembaga Tabung Haji, SIPP Rail Sdn. Bhd. and Trisilco Equity Sdn. Bhd. with each partner holding 45%, 36%, 10% and 9% of the company respectively. On the 25th of August 1997, the Malaysian government presented the company with a 30-year concession to finance, build, maintain and control the operations of the railway.

Construction began in May 1997 and was completed 5 years later. It was then handed over to SYZ consortium, a joint relations consortium between German and Malaysian companies consisting of Siemens AG, Siemens Electric Engineering Sdn. Bhd and Syarikat Pembenaan Yeoh Tiong Lay Sdn. Bhd (SPYTL), a wholly owned subsidiary of YTL Corporation Bhd.

ERL Maintenance and Support was set up in 1999 and is responsible for the operations and maintenance of trains owned by ERL. The company was initially a joint venture between Express Rail Link Sdn. Bhd. and Siemens AG, but since June 2005 it has been wholly owned by Express Rail Link Sdn. Bhd.[2]

The 1997 financial crisis that hit Asia caused a brief setback to the project but due to strong governmental support, the project went on to completion. The project raked up a cost of RM2.4 billion which was financed through equity mergers (RM500 million), loans from Development and Infrastructure Bank of Malaysia (RM940 million) and the remainder through import credit[3] from four German financial institutions.

YTL sudah ~70% of total revenue came from overseas :)

Gamuda to boost overseas contribution to 50% for construction segment
By Amir Imran Husain Safri | 05 Dec 2019 / 13:58



Gamuda to boost overseas contribution to 50% for construction segment


SHAH ALAM: Gamuda Bhd aims to increase overseas contribution for its construction business to 50% over the next three years from the current 20%, largely from its operations in...

Thursday, 28 Nov 2019

5:34PM MALTON 1Q net profit 1.197 million (decreased 73.09%)

YTL has expertise in constructing rail line e.g. ERL, etc :) Deserved HSR involvement :)

the new govt honoured all the previous govt contracts, ECRL, MRT, etc. :p

Another +factor of ytl, almost 70% of revenue derived from overseas :)


The Group’s foreign operations continue to be largest contributors, with overseas operations accounting for approximately 68.1% of the
Group’s revenue and 78.8% of non-current assets for the 2019 financial year, compared to 69.9% and 77.1%, respectively, last year.

For as Gamuda-MMC MRT stuff, just proceed... further delay will cause Malaysia to pay more compensation to Singapore :)

YTL Corp pulls off surprise
BUSINESS
Saturday, 07 Apr 2018

12:00 AM MYT
By INTAN FARHANA ZAINUL

Contractor’s JV is one of two PDPs for KL-Singapore HSR project

YTL Corp Bhd has again caught the market by surprise with its recent win of a portion of the job in the multi-billion ringgit Kuala Lumpur–Singapore High Speed Rail (HSR) project.


In the run-up to the 14th General Election, MyHSR Corp announced the appointment of two project delivery partners (PDPs) for the HSR project. They are the joint ventures (JVs) of MALAYSIAN RESOURCES CORP

(MRCB-Gamuda JV) and YTL Corp’s Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd with TH Properties Sdn Bhd (YTL-THP JV), a subsidiary of Lembaga Tabung Haji.

The announcement, which came two days before the parliament is dissolved, took the market by surprise.


Many were not expecting such a major development to take place before a general election, considering that the HSR project is the most prestigious development that will involve two countries over the next seven years.


Nevertheless, the latest win puts YTL as as the top beneficiary of rail construction projects, sharing the limelight with companies such as Gamuda Bhd and George Kent (Malaysia) Bhd. Until now, both Gamuda and George Kent have been the favoured stocks among analysts as a major proxy for new rail contracts in the country.

In the span of four months, YTL, which built the Express Rail Link (ERL) in 1996, has bagged two major rail projects.

In December, it received a rail package worth RM8.6bil for the Gemas-Johor Baru electrified double-track railway project.

As a PDP, YTL-THP will be responsible for designing and delivering the civil works of the KL-SG HSR project at an agreed cost and within the schedule of completion.

Apart from YTL and THP, the other partner in the YTL-THP JV is said to be the SIPP group, which is linked to the Johor Palace.

The SIPP group has bagged a few federal government-sponsored projects in the state following its partnership with the YTL group, including the RM8.6bil Gemas-Johor Baru double-track project.

The Gemas-Johor Baru double-track project involves the construction of 197km of double tracks, stations, electric trains, depots, land viaduct, bridges, and electrification and signalling systems.

Back to the HSR project, the MRCB-Gamuda JV has been selected for the northern portion of the alignment, while YTL-THP has been selected for the southern portion.

The job scope of the PDP to oversee civil works contracts for the HSR project between Bandar Malaysia and the southern tip of Johor, is by far the biggest and most prestigious railway contract so far.

According to CIMB Research, the combined value of the civil works at HSR is estimated at RM30bil-RM40bil and the PDP fee is 6% of total civil works.

The 6% figure is similar to the amount given to PDPs managing the works in the the mass rapid transit (MRT) projects.

CIMB estimates that the MRCB-Gamuda JV will manage contracts worth about RM20bil-RM23bil, assuming its scope of work involves the stretch between Bandar Malaysia to the Malacca-Johor. The portion is about 65% of total works.

The value of civil works to be under the purview of the YTL-THP JV is about RM10bil-RM12bil.

The research house points out that unlike the role of the PDPs in the MRT works, there is a possibility that the PDPs of HSR project would be allowed to participate in the construction works.

“We understand that the tender for HSR’s civil works is only applicable to local contractors,” it said in a report yesterday.

CIIMB targets that the civil work for the HSR project to start in early next year.

Shares of YTL has risen more 5.2% year to date.

It is worth noting that YTL’s share price has seen a 14-month decline since 2016, before surging almost 39% in early January this year to RM1.55, following the announcement of it landing the job to build the Gemas-Johor Baru double-track project.

Yesterday, YTL closed at RM1.43 a share, rising more than 9% after announcing its PDP role in the HSR project.

The JVs of Gamuda-MRCB and YTL-THP beat a formidable consortium involving IJM Corp Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

and Sunway Construction Bhd for the PDP job.

IJM and Sunway partnered Maltimur Resources Sdn Bhd, a company linked to the influential Tan Sri Bustari Yusoff of Sarawak and Jalinan Rejang Sdn Bhd.

Maltimur Resources and Jalinan Rejang were the PDP for the Pan-Borneo Highway.

“YTL-THP started as underdogs when the bidding started.

“The strongest point was YTL’s link to SIPP in the Gemas-Johor Baru project,” said a contractor.

YTL is a bombed-out stock having fallen 34% YTD. We do not even see such price level 20 years ago during the 1998 Asian financial crisis. :)

:) HSR delayed

https://www.straitstimes.com/singapore/housing/delay-not-likely-to-affect-prices-of-property-say-experts

With the HSR, more singaporeans could live in Klang Valley for retirement, properties in klang valley could recover in price :)

https://www.straitstimes.com/singapore/spore-agreed-on-deferment-to-show-goodwill-to-neighbour

announcement to restart HSR can be anytime from now :)

https://www.straitstimes.com/politics/malaysia-remits-15-million-in-abortive-costs-to-singapore-for-deferred-high-speed-rail

for short term investors, they should hold till end of feb 2020, quarterly result should be released, it should be better e.g. Oct to Dec 2019 (hotels, cement). By Feb 2020, it should be announced that HSR will be restarted :) Also, few hotels (UK) of YTL worth RM1bil+ to be injected into YTL REITs will also be confirmed. :)

Next year, things seem to favour ytl. Big projects will benefit cement and construction, visit Malaysia year 2020, its hotels, etc :)

economist highlighted several other growth catalysts that may lead to an upward revision of 20- to 30 basis points (bps) to UOB Malaysia’s 4.4% GDP forecast for 2020, to the range of between 4.6% and 4.8%, Goh said.

These catalysts include private consumption remaining robust, the materialisation of approved manufacturing investments, a continuation of major civil engineering projects such as the Mass Rapid Transit 2 (MRT2), Light Rail Transit Line 3 (LRT3), Pan Borneo Highway, Central Spine Road, East Coast Rail Link, TRX and Bandar Malaysia.

The continued recovery from supply side shocks, mainly agriculture and mining, diversification of the country’s economic structure, and the hosting of international events and Visit Malaysia 2020 initiatives may also lend some support, she added.

interesting :)


http://www.ytl.com/shownews.asp?newsID=188

directors of ytl also could afford buying more shares, u know :)

DATO' YEOH SEOK HONG 01-Jun-2018 Acquired 2,000,000 - View Detail
DATO' YEOH SEOK HONG 31-May-2018 Acquired 5,000,000 - View Detail
TAN SRI DATO' DR FRANCIS YEOH SOCK PING 30-May-2018 Acquired 2,000,000 - View Detail
TAN SRI DATO' DR FRANCIS YEOH SOCK PING 28-May-2018 Acquired 2,000,000 - View Detail
DATO' YEOH SOO KENG 25-May-2018 Acquired 1,000,000 - View Detail
TAN SRI DATO' DR FRANCIS YEOH SOCK PING 25-May-2018 Acquired 3,000,000 - View Detail
DATO' YEOH SOO KENG 11-Apr-2018 Others 10,000,000 - View Detail
DATO' YEOH SEOK KIAN 04-Apr-2018 Acquired 1,000,000 - View Detail
DATO' YEOH SEOK HONG 27-Mar-2018 Others 2,000,000 - View Detail
DATO' YEOH SEOK KIAN 27-Mar-2018 Others 10,000,000 - View Detail
DATO' YEOH SEOK KIAN 27-Mar-2018 Others 2,000,000 - View Detail
DATO' YEOH SEOK HONG 26-Mar-2018 Others 10,000,000 - View Detail
DATO' YEOH SEOK HONG 26-Mar-2018 Others 5,000,000 - View Detail
DATO' YEOH SOO MIN 26-Mar-2018 Others 10,000,000 - View Detail
DATO' YEOH SOO MIN 26-Mar-2018 Others 2,000,000 - View Detail
TAN SRI DATO' DR FRANCIS YEOH SOCK PING 26-Mar-2018 Others 2,000,000 -

it could be coming, whose knows :)


05-Jul-2018 05-Jul-2018 Buyback 6,761,000 1.130 1.140 View Detail
04-Jul-2018 04-Jul-2018 Buyback 7,967,000 1.100 1.110 View Detail
02-Jul-2018 06-Jul-2018 Buyback 28,543,000 1.100 1.150 View Detail
02-Jul-2018 02-Jul-2018 Buyback 4,815,000 1.110 1.130 View Detail
29-Jun-2018 29-Jun-2018 Buyback 12,134,400 1.100 1.130 View Detail
28-Jun-2018 28-Jun-2018 Buyback 3,168,000 1.080 1.100 View Detail
26-Jun-2018 26-Jun-2018 Buyback 2,000,000 1.110 1.110 View Detail
25-Jun-2018 29-Jun-2018 Buyback 19,840,400 1.080 1.160 View Detail
25-Jun-2018 25-Jun-2018 Buyback 2,538,000 1.140 1.160 View Detail
22-Jun-2018 22-Jun-2018 Buyback 6,075,000 1.120 1.140 View Detail
21-Jun-2018 21-Jun-2018 Buyback 6,853,000 1.100 1.170 View Detail
20-Jun-2018 20-Jun-2018 Buyback 7,810,000 1.110 1.180 View Detail
19-Jun-2018 19-Jun-2018 Buyback 8,500,000 1.070 1.100 View Detail
18-Jun-2018 22-Jun-2018 Buyback 33,638,000 1.040 1.180 View Detail
18-Jun-2018 18-Jun-2018 Buyback 4,400,000 1.040 1.070 View Detail
14-Jun-2018 14-Jun-2018 Buyback 4,600,000 1.050 1.070 View Detail
13-Jun-2018 13-Jun-2018 Buyback 4,600,000 0.990 1.060 View Detail
12-Jun-2018 14-Jun-2018 Buyback 14,700,000 0.965 1.070 View Detail
12-Jun-2018 12-Jun-2018 Buyback 5,500,000 0.965 1.020 View Detail

maybe, another xmas gift from ytl like last year as follows. :)


30-Aug-2018 30-Aug-2018 Buyback 6,665,600 1.250 1.330 View Detail
30-Aug-2018 30-Aug-2018 Buyback 6,665,600 1.250 1.330 View Detail
03-Aug-2018 03-Aug-2018 Buyback 2,000,000 1.350 1.350 View Detail
02-Aug-2018 02-Aug-2018 Buyback 3,000,000 1.360 1.360 View Detail
01-Aug-2018 01-Aug-2018 Buyback 3,438,000 1.330 1.350 View Detail
31-Jul-2018 31-Jul-2018 Buyback 2,448,000 1.340 1.340 View Detail
30-Jul-2018 03-Aug-2018 Buyback 13,886,000 1.310 1.360 View Detail
30-Jul-2018 30-Jul-2018 Buyback 3,000,000 1.310 1.310 View Detail
27-Jul-2018 27-Jul-2018 Buyback 4,000,000 1.300 1.300 View Detail
26-Jul-2018 26-Jul-2018 Buyback 3,000,000 1.310 1.310 View Detail
24-Jul-2018 24-Jul-2018 Buyback 4,000,000 1.320 1.320 View Detail
23-Jul-2018 27-Jul-2018 Buyback 15,000,000 1.300 1.320 View Detail
23-Jul-2018 23-Jul-2018 Buyback 4,000,000 1.310 1.310 View Detail
20-Jul-2018 20-Jul-2018 Buyback 3,500,000 1.290 1.310 View Detail
17-Jul-2018 17-Jul-2018 Buyback 4,500,000 1.320 1.340 View Detail
16-Jul-2018 20-Jul-2018 Buyback 17,963,000 1.290 1.340 View Detail
16-Jul-2018 16-Jul-2018 Buyback 9,963,000 1.300 1.330 View Detail
13-Jul-2018 13-Jul-2018 Buyback 7,912,000 1.220 1.270 View Detail
12-Jul-2018 12-Jul-2018 Buyback 10,969,000 1.170 1.210 View Detail
11-Jul-2018 11-Jul-2018 Buyback 2,000,000 1.150 1.150 View Detail
10-Jul-2018 13-Jul-2018 Buyback 26,972,000 1.150 1.270 View Detail
10-Jul-2018 10-Jul-2018 Buyback 6,091,000 1.160 1.180 View Detail
06-Jul-2018 06-Jul-2018 Buyback 9,000,000 1.140 1.150

:)

Believe potential overhang on the share price could sustain pending a turnaround of Malayan Cement’s operations and the review of the KL-Singapore HSR project which is due in May 2020.

“HSR presents a potential large-scale tender for YTL Corp and upside potential.

Agreed. Ytl suits retirees , much lower risk, already at multi year low with an attractive dividend yield at 4.85%.. nonstop paying dividend for 35 years till now :)

Wait till river has fully sold out its stake first :)

[TUNEPRO] Change In Substantial Shareholder's Shareholding - RIVER AND MERCANTILE ASSET MANAGEMENT LLP on 04-Dec-2019
Stock [TUNEPRO]: TUNE PROTECT GROUP BHD
Announcement Date 04-Dec-2019
Substantial Shareholder's Particular:
Name RIVER AND MERCANTILE ASSET MANAGEMENT LLP
Details of Changes:
Currency -
Date of Change Type Number of Shares
02-Dec-2019 Disposed 80,000
Registered Name River and Mercantile Asset Management LLP (on behalf of discretionary clients)
Nature of Interest Direct Interest
Nature of Interest Direct Interest
Shares Ordinary Shares
Reason Disposal of shares on behalf of discretionary clients.
Total no of securities after change
Direct (units) 39,286,300
Direct (%) 5.23
Indirect (units) 0
Indirect (%) 0.00
Total (units) 39,286,300
Total (%) 5.23
Date of Notice 03-Dec-2019

RIVER AND MERCANTILE ASSET MANAGEMENT LLP 02-Dec-2019 Disposed 80,000 0.000 View Detail
RIVER AND MERCANTILE ASSET MANAGEMENT LLP 29-Nov-2019 Disposed 113,000 0.000 View Detail
RIVER AND MERCANTILE ASSET MANAGEMENT LLP 27-Nov-2019 Disposed 375,000 0.000 View Detail
RIVER AND MERCANTILE ASSET MANAGEMENT LLP 26-Nov-2019 Disposed 509,500 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 15-Nov-2019 Notice of Person Ceasing 2,000,000 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 14-Nov-2019 Disposed 2,000,000 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 13-Nov-2019 Disposed 991,700 0.000 View Detail
RIVER AND MERCANTILE ASSET MANAGEMENT LLP 12-Nov-2019 Disposed 180,000 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 12-Nov-2019 Disposed 850,000 0.000 View Detail
RIVER AND MERCANTILE ASSET MANAGEMENT LLP 11-Nov-2019 Disposed 270,000 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 11-Nov-2019 Disposed 310,100 0.000 View Detail
RIVER AND MERCANTILE ASSET MANAGEMENT LLP 08-Nov-2019 Disposed 440,500 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 07-Nov-2019 Disposed 1,000,000 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 05-Nov-2019 Disposed 986,500 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 04-Nov-2019 Disposed 185,400 0.000 View Detail
RIVER AND MERCANTILE ASSET MANAGEMENT LLP 11-Oct-2019 Disposed 989,700 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 10-Oct-2019 Disposed 1,200,000 0.000 View Detail
RIVER AND MERCANTILE ASSET MANAGEMENT LLP 10-Oct-2019 Disposed 367,600 0.000 View Detail
RIVER AND MERCANTILE ASSET MANAGEMENT LLP 09-Oct-2019 Disposed 107,000 0.000 View Detail
RIVER AND MERCANTILE ASSET MANAGEMENT LLP 08-Oct-2019 Disposed 140,000 0.000 View Detail
RIVER AND MERCANTILE ASSET MANAGEMENT LLP 07-Oct-2019 Disposed 106,000 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 07-Oct-2019 Disposed 358,900 0.000 View Detail
RIVER AND MERCANTILE ASSET MANAGEMENT LLP 04-Oct-2019 Disposed 219,000 0.000 View Detail
RIVER AND MERCANTILE ASSET MANAGEMENT LLP 03-Oct-2019 Disposed 70,000 0.000 View Detail
RIVER AND MERCANTILE ASSET MANAGEMENT LLP 02-Oct-2019 Disposed 156,900 0.000 View Detail

YTL's ERL news :)

Minister: Private collaborations most welcome for better transportation landscape
Author: savemalaysia | Publish date: Wed, 4 Dec 2019, 6:58 PM

KUALA LUMPUR, Dec 4 — More collaborations in the transport sector among private companies are encouraged to help transform the nation’s current transportation landscape.

Transport Minister Anthony Loke Siew Fook said he believed that private companies have the ability to improve the transportation landscape especially by taking advantage of the digital platforms.

Loke also said in the meantime, the government would continue to support the industry players and is open to suggestions from them in improving the current policies relating to transportation.

“Of course, in order to push for better and more innovative transportation services, we need private sector to play the key role and drive these new initiatives using digital platforms,” he said during the launching of Express Rail Link Sdn Bhd (ERL) and GoCar Malaysia partnership under the theme A Glimpse Into The Future of Sustainable Urban Mobility, here, today.

Under the partnership, starting today, travellers to and from KLIA and KLIA2 can get down at selected ERL stations to rent cars using the GoCar application to get to their destination. GoCar is an on-demand car-sharing application where one can reserve, unlock, and access a car, anytime using the smartphone.

Meanwhile, when asked to comment on Auditor-General’s Report 2018 Series 2 on Keretapi Tanah Melayu Berhad’s (KTMB) loss of RM2.829 billion, he said that public transportation is a tough business, thus it requires a lot of government subsidies.

“KTMB also needs to operate in low-return areas, so that also causes losses. It also has a social responsibility to provide services to less populated areas such as in the east coast,” he explained.

Yesterday, the Auditor-General’s Report 2018 Series 2 revealed that KTMB’s loss was due to, among others, KTMB not being given the freedom to make its own decision, particularly on the company’s operations and usage of assets.

Loke added that in the near future, his ministry would announce on the action plans to be taken pertaining to KTMB issue. — Bernama

OK, Good!

03-Dec-2019 04-Dec-2019 Special Issue 674,261 1.100 Additional Listing Detail
25-Nov-2019 26-Nov-2019 Special Issue 1,193,606 1.100 Additional Listing Detail
15-Nov-2019 18-Nov-2019 Special Issue 1,254,311 1.100 Additional Listing Detail
06-Nov-2019 07-Nov-2019 Special Issue 1,735,005 1.100 Additional Listing Detail
25-Oct-2019 29-Oct-2019 Special Issue 753,297 1.140 Additional Listing Detail
21-Oct-2019 22-Oct-2019 Special Issue 6,380 1.140 Additional Listing Detail
16-Oct-2019 17-Oct-2019 Special Issue 186,778 1.140 Additional Listing Detail
14-Oct-2019 15-Oct-2019 Special Issue 13,225,079 1.140 Additional Listing Detail
04-Oct-2019 07-Oct-2019 Special Issue 1,575,523 1.140 Additional Listing Detail
26-Sep-2019 27-Sep-2019 Special Issue 1,666,409 1.140 Additional Listing Detail
23-Sep-2019 24-Sep-2019 Special Issue 2,299,537 1.140 Additional Listing Detail
13-Sep-2019 17-Sep-2019 Special Issue 2,154,454 1.140 Additional Listing Detail
10-Sep-2019 11-Sep-2019 Special Issue 16,080,433 1.140 Additional Listing Detail
03-Sep-2019 04-Sep-2019 Special Issue 17,456,575 1.140 Additional Listing Detail
27-Aug-2019 28-Aug-2019 Special Issue 3,555,341 1.140 Additional Listing Detail
19-Aug-2019 20-Aug-2019 Special Issue 1,715,718 1.140 Additional Listing Detail
14-Aug-2019 15-Aug-2019 Special Issue 798,912 1.140 Additional Listing Detail
08-Aug-2019 09-Aug-2019 Special Issue 1,819,519 1.140 Additional Listing Detail
01-Aug-2019 02-Aug-2019 Special Issue 1,204,688 1.140 Additional Listing Detail
25-Jul-2019 26-Jul-2019 Special Issue 4,944,682 1.140 Additional Listing Detail
17-Jul-2019 18-Jul-2019 Special Issue 31,102,986 1.140 Additional Listing Detail
15-Dec-2016 16-Dec-2016 Acquisitions 8,572,575 1.555 Additional Listing Detail
27-Oct-2016 28-Oct-2016 Acquisitions 218,931 1.650 Additional Listing Detail
24-Oct-2016 25-Oct-2016 Acquisitions 1,702,476 1.650 Additional Listing Detail
19-Oct-2016 20-Oct-2016 Acquisitions 373,838 1.650

35 years for paying dividend non-stop is really miraculous. Many penny stocks did not pay any dividend even making money e.g. BCB, MCT, KSL, BJCorp, BJAssets, BJLand, etc, even many GLCs did not pay dividend consistently, ada tahun rugi takda dividen :)

Successfully turnaround lafarge/Mcement, OTW :)

Malayan Cement Bhd
(Nov 19, RM3.28)
Upgrade to buy with a higher target price (TP) of RM3.95: We gather that rebates for cement have been reduced, resulting in higher cement prices. We believe YTL Cement’s acquisition of Malayan Cement Bhd (MCB) has improved industry dynamics that have been pressured by intense price competition and sluggish demand over the past few years. YTL Cement and MCB have a combined market share of about 60%, leading to cost synergies and better pricing power. In addition, we expect cement demand to recover with the revival of several major infrastructure projects. We factor in: i) a higher cement price of RM215 per tonne (from RM200 per tonne) in financial year 2021 (FY21); ii) better cost synergies between YTL Cement and MCB; and iii) an improved utilisation rate on the back of stronger demand next year. We upgrade our call on MCB to “buy” with a TP of RM3.95.


Several key projects such as the East Coast Rail Link (ECRL), Bandar Malaysia and Penang Transport Master Plan have recently been revived. This should help support cement prices and sales. We expect MCB’s cement sales to improve (FY20F [forecast]/FY21F/FY22F: 2%/4%/3%).

We do not discount the possibility of YTL Corp Bhd injecting YTL Cement into MCB in the future, given that YTL Cement has kept MCB’s listing status. This could create greater shareholder value.

Our TP of RM3.95 is pegged at an unchanged price-to-book multiple of 1.35 times, a 10% discount to MCB’s three-year mean of 1.5 times.

Sales volume might also improve with an expected increase in local demand. We believe domestic cement consumption contracted in the first half of calendar year 2019 due to slow progress in some key infrastructure projects, such as the Light Rail Transit Line 3.

However, we expect cement demand to recover gradually when work on these projects resumes, which is likely to spill over into next year. Demand from the ECRL project should also come next year as the subcontracting portion for local contractors is expected by early 2020.

We understand that MCB’s plants have been running at full steam except for the Rawang plant, which is being refurbished. Once the Rawang plant is completed, this could support MCB’s volume and help increase its overall utilisation rate.

As we are positive on MCB’s cost-optimisation efforts, a turnaround might come as soon as next year after its recent price recovery. We have imputed our assumption of higher cement prices — a RM15 per tonne increase — from our previous assumption. We also assume a higher utilisation rate driven by an expected increase in local demand and completion of refurbishment of the Rawang plant. According to our estimate, an increase of RM10 per tonne in the bulk price could boost MCB’s earnings by about RM35 million. — AllianceDBS Research, Nov 19

Another boost upon approval.

KUALA LUMPUR: YTL Group has reportedly submitted its planning application to local councils for a 17,000 capacity entertainment arena on the northern edge of Bristol, the UK.

According to reports, the group, through YTL Corp Bhd’s wholly-owned unit, YTL Developments (UK) Ltd, plans to repurpose the iconic Brabazon hangars into a new entertainment complex built around the 17,080-seat venue located in the central hangar.

If approved, the arena, which would open in early 2023, would be the third largest in the UK, after Manchester and the O2 in London.

Bristol Post said YTL is investing around £2 billion (RM10.76 billion) in its Filton airfield projects — the Brabazon arena and neighbourhood including homes, parks, green spaces, schools, a health centre, a university campus and 62 acres (25.09ha) of employment space.

Bristol and South Gloucestershire councils will be jointly responsible for making £100 million worth of infrastructure improvements around the Filton area, the report added.

The firm first revealed its vision for an arena at the site more than a year ago, but there were little details until now.

For the arena, YTL was quoted as saying that the “unique seating bowl” design would allow for flexible capacity — ranging from 4,000 to 17,000, which could attract a variety of events.

YTL is also planning to transform two other hangars into large-scale flat floor event space, “Festival Hall” and “The Hub”.

“The Bristol City Council will have the final say on whether the scheme goes ahead, but as the site sits right on the border, the South Gloucestershire Council will be invited to give its input.

“This [is] the fourth attempt to get an arena built in the city of Bristol. Now the planning application has been submitted the public will have a chance to comment on the plan before it goes before Bristol’s development control committee next year,” Bristol Post reported

KUALA LUMPUR (Oct 9): YTL Corp, parent of YTL Hospitality REIT's plan to inject U.K. hotels worth RM1 billion into the REIT's portfolio is positive as it is yield-accretive, particularly for master lease hotels which have lower occupancy and earnings risks, Maybank Kim Eng says.

YTL Hospitality owns and operates five luxury hotels across the U.K, including the Academy in Bloomsbury district and Threadneedles in London. These hotels are performing well in terms of occupancy and revenue, while yielding over 6% annually, the brokerage says

Would ytl also privatise ytlpower soon? :)

Besides market conditions, founders or owners of companies may look at privatisation to carry out internal restructuring or reorganisation of their various businesses — possibly including those not currently parked under the listed entity — and feel this reorganisation would be best achieved if the company is firstly taken private, said Gan.

It also makes little sense for companies to maintain a listing if the benefits of higher valuations, access to public capital and brand recognition are unable to outweigh the attendant costs as well as regulatory and public scrutiny.

YTL Group, for instance, has undertaken several privatisations of its listed subsidiaries over the past few years, the latest being YTL Corp’s proposal for YTL Land & Development Bhd this year.

YTL Corp took YTL Cement private in 2011 and YTL E-Solutions Bhd in 2016. In May this year, YTL Corp also bought a controlling 51% stake in loss-making cement maker Lafarge Malaysia Bhd.

Satisfactory - privatise d ytlprop, acquired lafarge, etc during such turbulent year and still profitable and growing rapidly :)

REVIEW OF FINANCIAL PERFORMANCE
Group Financial Performance
The YTL Corp Group recorded revenue of RM18,047.5 million for the financial year ended 30 June 2019 compared to RM15,890.1
million for the financial year ended 30 June 2018. The increase in revenue was due mainly to the Utilities, Construction, Hotel
Operations and Property Investment and Development segments.
The Group recorded profit before taxation of RM1,036.5 million for the financial year under review. This represents a decrease of
22.4% compared to RM1,335.7 million recorded for the previous financial year ended 30 June 2018.
The Group’s foreign operations continue to be largest contributors, with overseas operations accounting for approximately 68.1% of the
Group’s revenue and 78.8% of non-current assets for the 2019 financial year, compared to 69.9% and 77.1%, respectively, last year.

Bagus!

OBJECTIVES & STRATEGIES
The YTL Corp Group pursues the geographic diversification and
expansion of its revenue base through greenfield developments
and strategic acquisitions both domestically and overseas, focusing
on regulated utility assets and other businesses correlated to its
core competencies of cement, construction, property development
and hotel operations, with the goal of maximising shareholder
value and building and operating strong businesses that are viable
and sustainable on a long-term basis.
The YTL Corp Group also derives a significant part of its revenue
from operating various regulated utility assets under long-term
concessions and/or licenses, enabling the Group to achieve stable
earnings and mitigate the downside risks arising from economic
uncertainties and changing operating conditions, both in Malaysia
and globally.
The principal components of the YTL Corp Group’s strategy
comprise:
• Diversification and expansion of the Group’s revenue
base through greenfield developments and strategic
acquisitions overseas, particularly in the area of
regulated utilities. The YTL Corp Group pursues a strategy
of acquiring regulated assets operating under long-term
concessions and other businesses correlated to its core
competencies. The Group’s regulated utilities demonstrate
ongoing growth, with the regulated asset value of these
assets increasing over time. The Group’s existing overseas
operations in this area continue to generate steady returns
and its overseas acquisitions diversify income streams and
enable the Group to avoid single-country and single-industry
risks.
• Growth and enhancement of the YTL Corp Group's
core businesses in Malaysia. The Group’s strategy to grow
its businesses in Malaysia is to leverage its expertise in its
core competencies, particularly in the areas of power generation
(in both contracted and merchant markets), water and sewerage
services, merchant multi-utility services, communications,
construction contracting, property development and investment,
manufacturing of cement and other industrial products and
supplies, hotel development and management (including
restaurant operations), and the provision of consultancy,
incubating and advisory services for internet businesses and
internet-based education solutions and services.
• Ongoing optimisation of the Group’s capital structure.
The YTL Corp Group maintains a balanced financial structure
by optimising the use of debt and equity financing and ensuring
the availability of internally generated funds and external
financing to capitalise on acquisition opportunities. A key
component of the Group’s growth strategy is its practice of
funding the debt component of its acquisitions and greenfield
projects largely through non-recourse financing which has
ensured that the Group only invests in projects that are
commercially viable on a stand-alone basis.
• Enhancement of operational efficiencies to maximise
returns from the Group’s businesses and expand its
customer base. The Group believes that its cement and
power plants on average operate within the highest efficiency
levels of their industries and further enhances operational
efficiencies where possible through the application of new
technologies, production techniques and information technology

OVERVIEW
The principal activities of YTL Corporation Berhad (“YTL Corp” or “Company”) are those of an investment holding and management
company. The key reporting segments of YTL Corp and its subsidiaries (“YTL Corp Group” or “Group”) are Utilities, Cement Manufacturing
and Trading, Construction, Property Investment and Development, Hotel Operations, Management Services and Others, and Information
Technology (“IT”) and e-Commerce Related Business.
YTL Corp is an integrated infrastructure developer domiciled in Malaysia, with extensive international operations in the United Kingdom
(UK) and Singapore, as well as businesses and projects under development in other countries including Indonesia, Australia, Japan,
Jordan and China.
Revenue by Country – 2019
YTL Corp is amongst the largest companies listed on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). YTL
Corp has also had a secondary listing on the Tokyo Stock Exchange since 1996 and was the first non-Japanese Asian company to list
on the Tokyo exchange.
YTL Corp’s subsidiaries listed on the Main Market of Bursa Securities are YTL Power International Berhad (“YTL Power”), YTL Hospitality
REIT (“YTL REIT”) and Malayan Cement Berhad (formerly known as Lafarge Malaysia Berhad) (“Malayan Cement”). The Group also has
a stake in Starhill Global Real Estate Investment Trust (“Starhill Global REIT”), which is listed on the Mainboard of the SGX-ST, the
Singapore stock exchange.
During the financial year under review, YTL Corp, YTL Power and Malayan Cement were components of the FTSE4Good Bursa Malaysia
Index, which is an index designed to measure the performance of companies demonstrating good Environmental, Social and Governance
(ESG) practices.

Bagus :p

On the corporate front, in June 2019, YTL Corp extended a voluntary
share exchange offer to the shareholders and holders of the
irredeemable convertible unsecured loan stocks (ICULS) of YTL
Land & Development Berhad. As at the close of the offer on
7 October 2019, YTL Corp held 90.45% of YTL Land’s shares and
91.04% of the ICULS. Accordingly, YTL Land’s shares and ICULS
were suspended from trading on Bursa Malaysia Securities Berhad
from 15 October 2019, being the expiry of 5 market days from
the closing of the offer on 7 October 2019.
We saw an expansion of our hotels division this year with our
acquisition of The Westin Perth in Australia. Located in Perth’s
central business district, this 5-star hotel is within walking distance
of landmarks such as Elizabeth Quay and Optus Stadium and
adjacent to the city’s prime shopping and dining district.

Our focus consistently remains on the Group’s long-term
development and prospects, with investments that have a decades￾long income-generating horizon. This strategy has enabled our
Group to build up a depth of expertise across international utilities,
hotels and hospitality assets across the globe, cement and building
materials markets, construction and property development. This
long-term nature of our commitments ensures continuity and
stability that drive the performance and success of our assets
and enable our businesses to better weather cycles of difficult
operating conditions.
TAN SRI DATO’ (DR) FRANCIS YEOH SOCK PING
PSM, KBE, CBE, FICE, SIMP, DPMS, DPMP, JMN, JP