BIMB Full year 2023 earnings: EPS and revenues exceed analyst expectations

Full year 2023 results:
EPS: RM0.25 (up from RM0.23 in FY 2022).
Revenue: RM2.28b (up 5.6% from FY 2022).
Net income: RM553.1m (up 13% from FY 2022).
Profit margin: 24% (up from 23% in FY 2022). The increase in margin was driven by higher revenue.
Cost-to-income ratio: 60.9% (up from 59.8% in FY 2022).
Non-performing loans: 0.94% (down from 1.27% in FY 2022).
Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 5.2%.

Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Banks industry in Malaysia.

Meow

#5354_ Bank stocks owner please sell your bank stocks if you want banks haircut is my advise. Previously I owned BIMB but have sold recently.
20/04/2024 10:32 AM

Haha Mabel still keeping Maybank, CIMB and BIMB. All very Good Dividend Machine..

BIMB Full year 2023 earnings: EPS and revenues exceed analyst expectations

Full year 2023 results:
EPS: RM0.25 (up from RM0.23 in FY 2022).
Revenue: RM2.28b (up 5.6% from FY 2022).
Net income: RM553.1m (up 13% from FY 2022).
Profit margin: 24% (up from 23% in FY 2022). The increase in margin was driven by higher revenue.
Cost-to-income ratio: 60.9% (up from 59.8% in FY 2022).
Non-performing loans: 0.94% (down from 1.27% in FY 2022).
Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 5.2%.

Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Banks industry in Malaysia.

Meow

Five possibilities: maybe
(1). Amount of banks' haircut;
(2). Make known the identity of White Knight;
(3). Buyer of SAP OMV with price tag;
(4). PNB injecting funds.
(5). Petronas taking over?

Please add...

Meow Meow Meow

Mabel expecting some good news as the request for suspension is cuming from the Lady Sapura

Hopefully it's a healthy baby cuming out...

https://theedgemalaysia.com/node/708614

The risk of war between Iran and Israel has never been this high before. Dow Futures are down about 450 points and Nikkei 225 is down over 1,000 points. South Korea and Taiwan are down over 4%. I suppose many investors are now seeking refuge in Dividend Banking stock which excel today.

KLCI is the only Stock Exchange in Asia Pacific that is holding the GREEN Banner. The rest of Asia are having period.

At the local front, Capital A continue to be battered by the rising oil prices. Capital A may face higher jet fuel costs amid rising geopolitical tensions in the Middle East according to Mabel’s Maybank IB analyst. Jet fuel spot prices have remained close to his projected figure of $105 per barrel at present, hovering at $104/bbl, he notes. However, he expects that for every $1/bbl increase in jet fuel price, that would widen or trim his estimate for Capital A's core net loss or profit by about MYR50 million and his sum-of-parts target price would decrease by MYR0.03. He thinks Capital A may pass on the higher fuel costs to passengers without affecting load factor too much, given limited competition. Maybank maintains a buy rating on Capital A and keeps its target price at MYR0.94. Shares are 0.8% higher at MYR0.655. Support 1 at 67 sen has been breached and Mabel is waiting to collect Capital A starting from 64.5 sen at Support 2.

Let's hope some nice uncles and aunties will sell next week

Meow

Wow YTL Power touches RM 4.00 oledi...

Meow Meow Meow

The best person to answer this is Tony himself. Yes, Capital A Berhad, the parent company of AirAsia, has indeed taken steps to dispose of its aviation business. Here are the details:

1. Disposal of Aviation Business: Capital A has entered into a non-binding letter of offer with AirAsia X Berhad (AAX) for the proposed disposal of its aviation business. This includes AirAsia Berhad (AirAsia Malaysia) and AirAsia Aviation Group Limited (subsidiaries in Thailand, Indonesia, Philippines, and Cambodia).

2. Strategic Move: The goal is to streamline the group and facilitate a business-centric valuation of separate entities. By selling the aviation business to AAX, Capital A aims to create an aviation pure play under the AirAsia brand. This move is expected to unlock greater value for shareholders.

3. Benefits: Focused management and a clear strategic direction will enhance the aviation business’s capacity for growth and profitability. Separating the aviation business allows non-aviation businesses within the group to be recognized for their intrinsic value and potential.

4. Exit from PN17: Following the disposal, Capital A shareholders will become shareholders of the two strong listed companies (aviation and non-aviation). The decision aligns with market preferences, providing clearer understanding and valuation.

5. Regularization Plan: Capital A is in the final stages of finalizing its PN17 regularisation plan. The group aims to submit the plan to Bursa Malaysia in the near future. The plan involves creating a pure aviation play and lifting the PN17 status.

In summary, Capital A’s strategic disposal of the aviation business aims to improve financial stability and create distinct entities. Exiting PN17 involves implementing the regularisation plan and focusing on both aviation and non-aviation ventures

Source:

https://www.businesstoday.com.my/2024/01/08/capital-a-disposes-aviation-business-to-airasia-x/

https://www.thestar.com.my/business/business-news/2023/06/02/capital-a-to-unveil-pn17-regularisation-plan

The 12th Annual General Meeting (AGM) of Sapura Energy Berhad is scheduled to be held on Wednesday, 26 July 2023, at 10:00 a.m.. The AGM will be conducted fully virtually, ensuring convenient access for all shareholders.

Any news on the White Knight?

OTB 4.00 is still a strong resistance to cross.
Can cross or not ?
There is another strong resistance to cross at 4.07.
Good luck.
18/04/2024 10:12 AM

Thank for the tips OTB...

Our YTL Power has a long GREEN Candlestick today..

To Our Success !

Meow Meow Meow

#UlarSawa Good news. Good news. Huawei planning to launched new gadgets on 18/4 liao leh. Start to take order for the new model liao lor. Using new chip kirin 9010 leh. What spec is tis kirin 9010. Later will know lah. Haiyoh. Correct?
18/04/2024 11:06 AM

It’s a pity that Huawei is not listed. Otherwise we can see how they match up with Nvidia..hihihi

As the saying goes, the more the merrier...

Nvidia: Established dominance in the AI chip market, especially in GPUs.

Huawei: Emerging as a formidable competitor, particularly in China and Asia.

In summary, while both companies operate in the AI chip domain, their business models, software ecosystems, and global contexts differ significantly. The intensifying competition between Nvidia and Huawei underscores the evolving landscape of AI chip development

Both have it’s own place…

To Our Success!

Meow

YTL Power so Power today...

Life is soooo beautiful...

Meow Meow Meow

jenson68 Strong rebound !! Congrats for those bought yesterday ..gogogo
17/04/2024 12:09 PM

Thank you so much jensen68...

Mabel soooooo apy today...

Meow Meow Meow

Stock: [YTLPOWR]: YTL POWER INTERNATIONAL BHD

1 day ago | Report Abuse

paktua73 paktua salute to who dare fight and emter below rm3.80..
you're real warriors here..
believe on ytlpowr will rise more then rm4.00..
we will see back above rm4.07 on coming weeks..

tut tut
paktua salute to who real fighters here who walk on own talk..
not to who just NATO coward Spirit..
16/04/2024 10:46 AM

Yo paktua73...

Thanks to some nice Uncles and Aunties, Mabel collect more today at RM 3.76 and RM 3.75. Now waiting to collect more at RM 3.74...Hihihi

To Our Success !

Meow Meow Meow

Stock: [YTLPOWR]: YTL POWER INTERNATIONAL BHD

1 day ago | Report Abuse

....accumulation in progress for YTL as Mabel believe on YTL Power will rise more RM 4.00 if the War is not escalated..

Many investors have missed out on the recent rally of YTL Power, including the majority of local analysts and local institutional funds. So Mabel will continue to HOLD, the remaining share after locking profits recently and will not hesitate to add when it matters like what Mabel is doing today.

YTL Power remains the cheapest utility stock in Bursa with forward PER of just 9.0x, compared to over 20x PER for Tenaga, PetGas, GasMalaysia, Dialog etc.

YTL Power is set to deliver another record earnings for FY2024 ended June with net profit of over RM3.0 billion from RM1.9 billion in FY2023, even the most conservative Maybank analyst projected a net profit of RM2.986 billion for FY2024. That's for a superb 57% increase in net profit y-on-y. Which big cap in Bursa could possibly deliver such a huge profit jump in a year??

With so many new projects taking off in months to come, YTL Power earnings will continue to grow in FY2025 and beyond:

1) Wessex Waters to turn around from April 2024
2) Jordan Power to deliver full PPA earnings from early 2024
3) Yes 5G to break even by end 2024
4) digital bank to start contributing profit in 2-3 years or by 2027
5) WTE plant to start contributing profit from 2027
6) PowerSeraya new 600MW hydrogen ready CCGT to start contributing profit from 2028
7) UK Brabazon property project to contribute meaningful profits from 2025
8) 1st phase data centre with SEA Group to start contributing profit from 2H 2024
9) 1st phase AI data centre with Nvidia to start contributing profit from end 2024
10) potential clinching of new solar power project in Malaysia from new LSS tenders

To Our Success!

Meow Meow Meow

*Benchmarking with the Samurai*..

The principles of Judo offer valuable insights that can be applied beyond the martial art itself. Judo’s approach to winning aligns with successful investing:

Adaptability and Resilience: Judo masters learn how to fall gracefully and recover swiftly. Similarly, successful investors understand that setbacks are part of the game.
Just as a Judoka adapts to their opponent’s moves, investors must adapt to changing market conditions, economic shifts, and unexpected events.

Cutting Losses Short: In Judo, knowing when to concede a throw or hold is crucial. Sometimes, it’s better to yield and avoid injury than to resist and suffer a defeat. Similarly, successful investors recognize the importance of cutting losses. If a stock is declining significantly, they sell early to limit losses rather than hoping for a rebound.

Risk Management: Judo practitioners assess risks during a match. They calculate the probability of success for each move. Investors should also evaluate risks. Diversification, position sizing, and setting stop-loss levels are essential risk management techniques.

Timing and Opportunity: Judo throws require precise timing. A well-executed throw catches the opponent off guard. In investing, timing matters. Recognizing opportunities (buying low) and knowing when to exit (selling high) are critical skills.

Leveraging Strengths: Judo leverages an opponent’s strength against them. A smaller Judoka can defeat a larger opponent by using their momentum. Similarly, investors should play to their strengths. Understand your investment style, risk tolerance, and expertise.

Emotional Discipline: Judo teaches emotional control. Reacting impulsively during a match can lead to defeat. Investors must remain disciplined, avoiding emotional decisions driven by fear or greed.

Continuous Learning and Improvement: Judo practitioners train relentlessly to refine their techniques. Successful investors also learn continuously, adapt to new information, and improve their strategies.

Watashi-tachi no seikō no tame ni (To Our Success)

Meow

Meow Ular...

Watashi-tachi no seikō no tame ni

Meow Handsome Sslee...

The principles of Judo offer valuable insights that can be applied beyond the martial art itself. Judo’s approach to winning aligns with successful investing:

Adaptability and Resilience: Judo masters learn how to fall gracefully and recover swiftly. Similarly, successful investors understand that setbacks are part of the game.
Just as a Judoka adapts to their opponent’s moves, investors must adapt to changing market conditions, economic shifts, and unexpected events.

Cutting Losses Short: In Judo, knowing when to concede a throw or hold is crucial. Sometimes, it’s better to yield and avoid injury than to resist and suffer a defeat. Similarly, successful investors recognize the importance of cutting losses. If a stock is declining significantly, they sell early to limit losses rather than hoping for a rebound.

Risk Management: Judo practitioners assess risks during a match. They calculate the probability of success for each move. Investors should also evaluate risks. Diversification, position sizing, and setting stop-loss levels are essential risk management techniques.

Timing and Opportunity: Judo throws require precise timing. A well-executed throw catches the opponent off guard. In investing, timing matters. Recognizing opportunities (buying low) and knowing when to exit (selling high) are critical skills.

Leveraging Strengths: Judo leverages an opponent’s strength against them. A smaller Judoka can defeat a larger opponent by using their momentum. Similarly, investors should play to their strengths. Understand your investment style, risk tolerance, and expertise.

Emotional Discipline: Judo teaches emotional control. Reacting impulsively during a match can lead to defeat. Investors must remain disciplined, avoiding emotional decisions driven by fear or greed.

Continuous Learning and Improvement: Judo practitioners train relentlessly to refine their techniques. Successful investors also learn continuously, adapt to new information, and improve their strategies.

Remember, just as a Judoka rises after a fall, investors can recover from losses by staying disciplined, learning from mistakes, and persistently pursuing their financial goals. It’s all about managing excpectation, the rest is technology

YTL Power
CGS International believes the potential value accretion from YTL Power’s data centre investments has yet to be fully priced in by the market despite its strong share price performance over the past 12 months.

Current share price implies a price to earnings multiple of 10 times on an earnings base that reflects a normalisation of PowerSeraya earnings by FY2026, it added. It has an “add” call on the stock with a TP of RM4.50.

Yum Yum Yum

#paktua73 congrat to all ytlpowr fighters who manage reload below rm3.80 today..
and congrats also to long holders who stand hold on this Storm..

tut tut
jika anda percaya anda pasti fight on it..
16/04/2024 4:54 PM

Same to you paktua73!

The disposal of Bursa Malaysia equities by foreign investors has extended into its seventh consecutive week, amounting to RM373.5 million net despite a shortened trading week. This net sales figure is approximately 11% higher than the previous week, even though it accumulated over only three trading days due to the Hari Raya Aidilfitri holiday.

The weak sentiment on Wall Street, driven by stronger-than-expected inflation data, has weighed on markets over the past week. Additionally, the unpredictability surrounding interest rate cuts by the Federal Reserve has contributed to this trend.

The CME FedWatch Tool now indicates a 94.1% probability that the Fed will keep rates unchanged in the May and June meetings. Meanwhile, the market remains divided over the prospective outcome of the July meeting, with a 43.5% probability of no change and a 44.5% probability of a 25bps cut.

Asian markets have mostly experienced net selling of foreign funds, with five out of eight stock exchanges tracked by MIDF Research witnessing net outflows. India and South Korea were the main sources of inflows, while Thailand was the only other country experiencing inflows. On Bursa Malaysia, foreign investors primarily sold equities in the financial services, utilities, and consumer products and services sectors. However, the property, transport and logistics, and construction sectors saw net inflows.

Meanwhile, *Local institutions, Mabel and paktua73* continued to be net buyers of domestic equities, while local retailers remained net sellers. The average daily trading volume (ADTV) decreased among local retailers and local institutions but increased among foreign investors

To Our Success !

Meow Meow Meow

With growing tensions in the middle east, and energy prices already on the rise, that weighed on shares.

On Saturday evening, Iran launched more than 300 armed drones on Israel. The majority were shot down by Israel, as well as the U.S., U.K. and Jordan. There were no known U.S. or Israeli deaths.

Afterwards, Iran said that its attack "can be deemed concluded." Although, Israel responded by saying the situation is "not over."

However, for now, the imminent danger has come and gone. And the fear of escalation appears to have been muted at present.

If stocks were pressured by the threat of imminent attack, stocks are ripe for a rebound given the better than expected outcome.

With growing tensions in the middle east, and energy prices already on the rise, that weighed on shares.

On Saturday evening, Iran launched more than 300 armed drones on Israel. The majority were shot down by Israel, as well as the U.S., U.K. and Jordan. There were no known U.S. or Israeli deaths.

Afterwards, Iran said that its attack "can be deemed concluded." Although, Israel responded by saying the situation is "not over."

However, for now, the imminent danger has come and gone. And the fear of escalation appears to have been muted at present.

If stocks were pressured by the threat of imminent attack, stocks are ripe for a rebound given the better than expected outcome.

https://theedgemalaysia.com/node/708075

Let's hope he can help to turnaround Lady Sapura...

....accumulation in progress for YTL as Mabel believe on YTL Power will rise more RM 4.00 if the War is not escalated..

Many investors have missed out on the recent rally of YTL Power, including the majority of local analysts and local institutional funds. So Mabel will continue to HOLD, the remaining share after locking profits recently and will not hesitate to add when it matters like what Mabel is doing today.

YTL Power remains the cheapest utility stock in Bursa with forward PER of just 9.0x, compared to over 20x PER for Tenaga, PetGas, GasMalaysia, Dialog etc.

YTL Power is set to deliver another record earnings for FY2024 ended June with net profit of over RM3.0 billion from RM1.9 billion in FY2023, even the most conservative Maybank analyst projected a net profit of RM2.986 billion for FY2024. That's for a superb 57% increase in net profit y-on-y. Which big cap in Bursa could possibly deliver such a huge profit jump in a year??

With so many new projects taking off in months to come, YTL Power earnings will continue to grow in FY2025 and beyond:

1) Wessex Waters to turn around from April 2024
2) Jordan Power to deliver full PPA earnings from early 2024
3) Yes 5G to break even by end 2024
4) digital bank to start contributing profit in 2-3 years or by 2027
5) WTE plant to start contributing profit from 2027
6) PowerSeraya new 600MW hydrogen ready CCGT to start contributing profit from 2028
7) UK Brabazon property project to contribute meaningful profits from 2025
8) 1st phase data centre with SEA Group to start contributing profit from 2H 2024
9) 1st phase AI data centre with Nvidia to start contributing profit from end 2024
10) potential clinching of new solar power project in Malaysia from new LSS tenders

To Our Success!

Meow Meow Meow

paktua73 paktua salute to who dare fight and emter below rm3.80..
you're real warriors here..
believe on ytlpowr will rise more then rm4.00..
we will see back above rm4.07 on coming weeks..

tut tut
paktua salute to who real fighters here who walk on own talk..
not to who just NATO coward Spirit..
16/04/2024 10:46 AM

Yo paktua73...

Thanks to some nice Uncles and Aunties, Mabel collect more today at RM 3.76 and RM 3.75. Now waiting to collect more at RM 3.74...Hihihi

To Our Success !

Meow Meow Meow

It's looking good for PCHEM...

Meow

Geopolitics will hold the focus of markets to start the week after Iran's attack on Israel. An Israeli military spokesman said the country is prepared to do "whatever is necessary" in its defense. Tehran said it would attack with greater force if there was retaliation. Late Friday saw a flight to safety with money moving from equities to bonds and gold. Oil also gained on possibilities of production disruption in the Middle East.

If Iran attacks Israel, Middle East turmoil could lift oil past $100 a barrel
Published: April 12, 2024 at 1:22 p.m. ET
By Myra P. Saefong

Oil prices could rise by $15 a barrel if all of Iran’s output is interrupted: analyst

Oil traders know the all-too-familiar drill: Heightened tensions in the Middle East have led to a rally in prices — so far to the highest intraday levels in six months. If Iran, one of the world’s largest oil producers, gets directly involved, however, a return to prices of more than $100 a barrel may soon follow.
“Nobody wants to be short heading into the weekend,” said Manish Raj, managing director at Velandera Energy Partners. “If the conflicts escalate over the weekend, short sellers will lose their shirts when they wake up on Monday.”

If Iran attacks Israel, Middle East turmoil could lift oil past $100 a barrel
Published: April 12, 2024 at 1:22 p.m. ET
By Myra P. Saefong

Oil prices could rise by $15 a barrel if all of Iran’s output is interrupted: analyst

Oil traders know the all-too-familiar drill: Heightened tensions in the Middle East have led to a rally in prices — so far to the highest intraday levels in six months. If Iran, one of the world’s largest oil producers, gets directly involved, however, a return to prices of more than $100 a barrel may soon follow.
“Nobody wants to be short heading into the weekend,” said Manish Raj, managing director at Velandera Energy Partners. “If the conflicts escalate over the weekend, short sellers will lose their shirts when they wake up on Monday.”

Mar2083 Hope not down further next week 😓
13/04/2024 4:57 PM

It should be good this week...even Mabel's PCHEM are climbing today...

Geopolitics will hold the focus of markets to start the week after Iran's attack on Israel. An Israeli military spokesman said the country is prepared to do "whatever is necessary" in its defense. Tehran said it would attack with greater force if there was retaliation. Late Friday saw a flight to safety with money moving from equities to bonds and gold. Oil also gained on possibilities of production disruption in the Middle East.

https://www.malaymail.com/news/money/2024/04/13/bursa-malaysia-likely-to-be-in-consolidation-mode-next-week/128588

Weather Forecast..

KUALA LUMPUR, April 13 ― Bursa Malaysia is expected to be in consolidation mode next week, supported by strong fundamentals and attractive valuations.

Rakuten Trade Sdn Bhd's equity research vice-president, Thong Pak Leng, believes that bargain hunting will emerge next week.

“The benchmark index surged to a new 52-week high on Monday, closing at 1,555.98.

To Our Success!

UlarSawa Sister Mabel pun ada cakap Nvidia competitor Google and Intel leh. Why takda cakap Meta pun a competitor too leh. Probably Huawei is the one will bring down GPU price leh. Now China kasi deadline China Telco by 2027 need to phase out all Intel and AMD chip liao lor. Look like by 2027 China can be self sustainable with local chips liao leh. So dare gave instruction to all local giant companies. Haiyoh. Correct?
13/04/2024 11:15 PM

Haha Got Ular My Brother...YTL Power...hihihi...

So Power...

Meow Meow Meow

https://theedgemalaysia.com/node/707792

After weeks of socks, petrol bomb, boycott issues that became the topic interest in certain news portal, there is at one good positive news that was published recently by TheEdge. It reported;
"..According to the WEF, Malaysia has become a destination for those seeking new options.

“In 2023, Penang attracted US$12.8 billion [RM61.02 billion] foreign direct investment. More than in the previous seven years combined, Intel, for example, has invested US$7 billion in a new plant in Penang,” it noted. .."

Now if anybody is still wondering about news reports earlier this year regarding the country's E&E and hi-tech industries requiring some 50,000 more engineers, this and the FDIs for future data centers, super computers, clean energy projects e.g. in Johor by YTLP are some of the key reasons. Perhaps IEM can verify.

There is a pressing need to promote, beef up and increase admissions of school leavers into engineering courses and TVET. The career prospects for E&E, Mechanical engineers and highly skilled technicians looks promising. If there are insufficient graduates in the coming years, the MNCs will have no choice but to hire expats to support their operations dan our young people can capitalise on this. Business people in any industry cannot sit and wait.

Penang is already known for being the "Silicon Valley of the East". It commanded about 5% of global semiconductor exports in 2019 (ref.DOSM). In addition to the 300+ MNCs that are operating there now, there are also > 3,000 manufacturing related SMEs. This is just Penang, belum lagi include E&E and tech companies in the Klang Valley, Kulim and Negeri Sembilan.

There is certainly a big demand for competent electrical engineers. We can still encourage the younger generations to take up pure engineering or engineering technology courses instead of programming or coding. According to Jensen Huang, programming and coding jobs will be taken over by AI. Yes, AI can do the programmings for engineering design, diagnosis, prognosis, trouble shooting etc. while a trained and experienced engineer will have the knowledge to instruct or ask AI tools the right questions and understand, decide and execute the solutions that AI offer to them.

To Malaysia Success !

Meow Meow Meow

#Exorcist Mabel move on to another counter. This one all good luck already out, just waiting for bad luck only.
13/04/2024 10:28 PM

#UlarSawa Sister Mabel so happy buy low sell high dapat profit can add more bank harimau and cimb leh. Why you ask her to move to other place. Kesian. Haiyoh. Correct?

2 minutes ago
13/04/2024 10:32 PM

Touche guys..

Just like we learned from Gloves, don't fight the wave, ride it..hihihi

Nvidia (NVDA) shares entered correction territory, with companies battling to challenge the semiconductor giant's dominance. Another leg down for the stock on Tuesday meant NVDA was off 12% from its record high seen in March. Turning up the heat in the chip race, Google (GOOG, GOOGL) unveiled its in-house processors and Intel (INTC) introduced its latest AI chip to rival Nvidia's H100.

As for the other Magnificent 7 stocks, Apple (AAPL) entered correction territory last month and Tesla (TSLA) is in a bear market, compared to the rest of the group which was trading near their 52-week highs.

Mabel only looking for bargain capitalizing on volatility and volume. This counter is still interesting. So Mabel may continue buy on dip...hihihi

To Our Success !

Meow

The best mornings are the ones where you wake up to a positive earnings surprise and big profits.

#moncmondo87 I would add to what dragon328 and Mabel shared yesterday ...
Per recent Annual Reports, YTL Power delivered the following PAT - RM2.032bil (FY23) and RM1.454bil (FY22), nearly 40% increase year-to-year. 1HFY24 so far RM1.710bil, and if 2HFY24 matches 1HFY24, then RM3.42bil amounts to yet a further 68% increase in PAT, year-to-year ! So the big question is - how would it be possible for the company to sustain a continuing sizable PAT annual growth of the same order into FY25 and FY26 ?? Very unlikely, you would say ..
But ... if we assume a modest RM25mil qtrly PAT increase from now to say mid-2026, projected annual FY26 PAT would reach RM4.05bil or so (a modest 18% growth over two years no doubt ) which, at a target price of say RM6 (addl 50% above current market share price range) equates to a projected PER of 12x; not a challenging PE ratio if you are prepared to wait for two years to gain a further RM2 (RM6 minus RM4) upside. And I have NOT even included any dividend payout benefit !.
A RM25mil PAT increase per qtr going forward is very modest - from RM850mil per qtr now to say RM1,050mil per qtr by mid-2026 - given the many many project developments just undertaken and into the future; dragon 328 and many others have alredy listed them over the past months at this investor blogsite.
So, if you are looking to invest in or holding YTL Power for a quick fix, then I suggest you move on elsewhere. However, if you can sustain your holdings for 1-2 years, along with the prospect of regular ongoing dividends, then this is for you.
Given the stream of new projects and investments, sustained further by contributions for the existing assets in Singapore, the UK, Malaysia and Indonesia, surely a quarterly inremental PAT growth of RM25mil is possible ..
Happy to share my PER projections via Member Services to the true believers... Happy investing
13/04/2024 3:04 PM

Touche moncmondo87!

Nothing can move a stock faster, up or down, than an earnings announcement.

Meow Meow Meow

Today Mabel at more at RM 6.69..

CIMB, Maybank and BIMB are so steady while KLCI is having period today...Too much Lemang and Rendang Berhari Raya..hihihi

CIMB, Maybank and BIMB are so steady while KLCI is having period today...Too much Lemang and Rendang Berhari Raya..hihihi

CIMB and Maybank are so steady while KLCI is having period today...Too much Lemang and Rendang Berhari Raya..hihihi

Pinky Bigger bank = more users = more strain to systems = more prone to cyber attacks

This is partly the reason why I prefer to bank with smaller banks, call Customer Service also no need hold on the phone line for long, very fast response 😆
10/04/2024 1:55 PM

Pinky, Mabel had very good services with Tiger's Visa Signature Call Centre. They were Fast and Furious. So happy with their Services..

Meow

Thank you dragon for your valuable insights. Here is Mabel's key takeaways..

Many investors have missed out on the rally of YTL Power, including the majority of local analysts and local institutional funds. It is only natural for them to hope for a bigger correction in YTL Power share price in order to get into this promising company. So Mabel will continue to HOLD, the remaining share after locking profits recently and will not hesitate to add when it matters.

YTL Power remains the cheapest utility stock in Bursa with forward PER of just 9.0x, compared to over 20x PER for Tenaga, PetGas, GasMalaysia, Dialog etc.

YTL Power is set to deliver another record earnings for FY2024 ended June with net profit of over RM3.0 billion from RM1.9 billion in FY2023, even the most conservative Maybank analyst projected a net profit of RM2.986 billion for FY2024. That's for a superb 57% increase in net profit y-on-y. Which big cap in Bursa could possibly deliver such a huge profit jump in a year??

With so many new projects taking off in months to come, YTL Power earnings will continue to grow in FY2025 and beyond:

1) Wessex Waters to turn around from April 2024
2) Jordan Power to deliver full PPA earnings from early 2024
3) Yes 5G to break even by end 2024
4) digital bank to start contributing profit in 2-3 years or by 2027
5) WTE plant to start contributing profit from 2027
6) PowerSeraya new 600MW hydrogen ready CCGT to start contributing profit from 2028
7) UK Brabazon property project to contribute meaningful profits from 2025
8) 1st phase data centre with SEA Group to start contributing profit from 2H 2024
9) 1st phase AI data centre with Nvidia to start contributing profit from end 2024
10) potential clinching of new solar power project in Malaysia from new LSS tenders

To Our Success !

Meow Meow Meow

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Summing up..

It’s a pity that Huawei is not listed. Otherwise we can see how they match up with the Magnificent seven of these stocks experienced upward movement. Several of these companies made announcements related to advancements in artificial intelligence (AI) during this week.

For example:
Google revealed new products and AI capabilities during the Google Cloud Next 2024 event.
Nvidia shares rebounded after some initial fluctuations, driven by news about other tech firms producing more chips in-house.
Apple indicated its focus on the next version of its M-family of chips for AI to boost Mac sales.
Amazon appointed Andrew Ng, an AI expert, to its board of directors.

Tech Equity Sector:
The US tech equity sector as a whole also moved higher. This sector includes various technology-related companies, and its performance often influences broader market trends. The positive movement suggests optimism about advancements in AI and the overall health of the tech industry.

In summary, the Magnificent 7 stocks’ upward shift, along with the tech equity sector, indicates positive sentiment driven by AI-related developments and market dynamics.

As the saying goes, the more the merrier...

In summary, Huawei’s private ownership, US restrictions, security controversies, and global business dynamics contribute to its absence from public stock exchanges like Nasdaq. While investors cannot directly invest in Huawei, monitoring its impact on the tech industry remains important.

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Meow

#UlarSawa You copy Mr Huang one kah. Your enemy one you also copy and paste kah. Haiyoh. Correct?

11/04/2024 11:14 PM

Haha now he has stopped following Mabel across i3 and walk 3 step behind Mabel..

There is no such thing as enemy, only common interest...

To Our Success !

Meow

Haha don't worry, BYD is building plant next door in Mexico and Brazil...US is not their main target for now..China has always been very practical..

BTW With Jensen Huang in Nvidia..both cum from the same root mah...Hihihi

UlarSawa Wait lah. Huawei will catch up soon lah. See how lah. Only China can bring down the GPU price leh. Now selling like hot cake at too expensive price leh. Let Nvidia happy first. Customers are the one who suffer bought at extremely high price now. Kesian. Haiyoh. Correct?
11/04/2024 11:00 PM

Yes Ular My Bro...

Lesson Learn from our previous engagements..

Rule no.1 : If China is focus on any industry.. don't invest anymore in that industry…

Rule no.2 : remember Rule 1

Benchmarking : Smart Phone, EV cars, Gloves etc

So we do have a window of opportunity before the Giant Wake up...hihihi..

To Our Success

Meow

Market Position:

Nvidia: Established dominance in the AI chip market, especially in GPUs.

Huawei: Emerging as a formidable competitor, particularly in China and Asia.

In summary, while both companies operate in the AI chip domain, their business models, software ecosystems, and global contexts differ significantly. The intensifying competition between Nvidia and Huawei underscores the evolving landscape of AI chip development

Both have it’s own place…

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Meow

Revenue Streams:

Nvidia: Relies heavily on GPU sales, data center revenue, and AI-related products.

Huawei: Diversified revenue streams, including telecom equipment, smartphones, and cloud services. Their AI chip business is a newer addition.

Global Presence and Restrictions:

Nvidia: A US-based company, Nvidia faces challenges due to US-China tech rivalry. Export restrictions impact their ability to operate in China, affecting data center revenue.

Huawei: A Chinese multinational, Huawei operates globally but has faced restrictions in some markets due to geopolitical tensions.

Software Ecosystem:

Nvidia: Known for its robust software ecosystem, including CUDA (Compute Unified Device Architecture) and NVIDIA GPU Cloud (NGC). These tools facilitate AI development and deployment.

Huawei: While actively building its own ecosystem (such as CANN), Huawei lags behind Nvidia in terms of software support for AI applications.