The Pension Funds are selling actively.
Surely, those institutional support for your business/company is good but when they decided to leave...

Although the PE ratio (13.5 now) is comparatively higher than other banking stocks but the NTA is RM1.20 already.

MBB EPS 79.93 sen PER 12,45 times NTA RM7.77 M/V RM9,88
PBB 33.94 11.87 RM2.81 RM4.03
CIMB 68.0 9.82 RM6.33 RM6.68
RHB 63.65 8.67 RM7.39 RM5.52
HLBB 185.77 10.31 RM17.68 RM19.16
ABMB 44.6 8.41 RM4.63 RM3.75
MBSB 6.03 13.59 RM1.20 RM0.82

Recently, EPF ceased to be the substantial shareholder. Today, it filed the Notice for substantial shareholder. Means, it bought back the shares on 13 June.

At another time, there appeared like it sold at the higher price and bought back at the lower price before the closing.

There is no contradiction yet.

We have a passage saying that if you keep quiet and not rebuking/informing the relevant party/authority regarding their wrongdoings/violations, then you will be held responsible for the negative consequences affecting the community.

Leviticus 5
New International Version

5 “‘If anyone sins because they do not speak up when they hear a public charge to testify regarding something they have seen or learned about, they will be held responsible.

QR is out

Raymond,

1 of the similarities between YTL and Hume is they got the same date for the yearly/annual report, @30Jun.

Points:

31 DEC 2023 YTL Hume

Total Assets 58.1 BiL RM1.2 BiL
Issued shares 8 BiL 628MiL
NTA RM1.39 RM0.93
EPS 18.16 33.27

Got to add more points before we can see which one is better.

This statement is true.
"It is not important how high FBMKLCI can move up north. It is very important that the stock you selected can move up north like YTLPower.
Invest and focus on good fundamental and uptrend stock only, never buy a downtrend stock.
Do not simply buy any stock on rumour and chase up the stock price.

Good luck.
Thank you. "

Example 1 - He/she bought not long ago and went to tend his/her farm outstations. Came back yesterday to check the price.

Example 2 - he/she did not buy for lack of confidence/funds or was trading the shares regularly for some gains.

Which example is better?

YTLP was preferred because it has utilities companies and power generation companies in overseas.
It has the export markets and the advantages of the income from foreign currencies.

Checked to the AR30Jun2022, Notes No. 15, the investment in subsidiaries under quoted shares which likely pointing to the holdings of YTLP by YTL is costing at RM3.47 BiL only. Come AR30Jun2024, this figure will be increased plentifully. This factor will improve the mv of YTL in addition to the dividends received and the daily businesses.

Then, the market value then was reported as RM3.609 Bil only since the appreciation was not much. Using RM5.30 a share, the mv will be RM23.8 Bil only (4.5Bil units X RM5.30). Each YTL share is entitled for 0.4 unit of share in YTLP ().4 X RM5.30 = RM2.12).

RM3.82

QR31Mar2024 next week.

PE 5 times
EPS 40 sen

Undervalued...

NTA adjusted to above RM3.
Dividends are passed.
Small Issued Capital.
Gems.
Businesses are growing.

Raymond, YTL's share price should based on its business performance and with the investment in YTLP based on the current mv. The paper gains are so much but no reflected in the Balance Sheet but only at the cost. YTL will earn from YTLP if there's dividend being received into the bank account.

YTL got 11 Bil issued shares and got 4.5 Bil of YLTP shares (55% controlling stake), mean each share in YTL is entitled for 0.4 unit of share in YTLP, already got value at RM2 (0.4 x RM5).

YTL owned 55% of the issued shared of YLTP, @4.5Bil units X RM5 = RM27Bil only.

The investment in the subsidiary, in the AR 30June2023, recorded as RM3.74 as the cost for the quoted shares (likely the shares of YLTP). The gains are more than RM23 Bil but have to be reported in the Notes at the Balance Sheet (30Jun2024).

In addition to the revenue from YTP's ongoing operations, these gain from appreciation of YTLP's quoted shares will make YTL's share value become higher and higher.

The NTA for each of YTL's share will have to added with that RM23 Bil as to be shared equally. Then the actual NTA for each share will be prevailed.

The investment in the subsidiary is recorded as at cost. The initial accounting entries can be just as follows:-

DR : Investment in Subsidiary RM3.74 Bil
CR : Bank -Malayan Banking Berhad RM3.74 Bil

Since then, no further accounting entry was passed.
That RM23 Bil will only be taken in the Profit/Loss Account upon disposal but the shareholders owned it.

Each increment of 1 sen in YTLP will add RM45,000,000 to the value of its investment in this subsidiary (YTLP).

From AR 30June2023, investment in subsidiary, quoted shares, at cost RM3.47 bil. The market value is RM6.06 bil and this mv will increased tremendously, in the AR 30June2024, when the mv of YTLP is taken into account. Reported at cost in the Balance Sheet. This investment in the subsidiaries is like the treasure kept in the safe.

Acts 16
New International Version

Timothy Joins Paul and Silas

16: 3 Paul wanted to take him along on the journey, so he circumcised him because of the Jews who lived in that area, for they all knew that his father was a Greek.


2 Timothy 1:
5 I am reminded of your sincere faith, which first lived in your grandmother Lois and in your mother Eunice and, I am persuaded, now lives in you also.

- Timothy's father is Greek (Gentile) but according to the tradition, once the mother is from the same community similar to St Paul, Timothy is no longer considered a Gentile.

wkc5657,

Sharing the Scriptures with another/others is not using taking His name in vain.

Every 1 sen improvement in YTLP, YTL will gain RM45,000,000
It hold 55% of YTLP.

DEUT 4 : .....hear the decrees and laws I am about to teach you. Follow them so that you may live and may go in and take possession of the land the Lord, the God of your ancestors, is giving you. 2 Do not add to what I command you and do not subtract from it, but keep the commands of the Lord your God that I give you.
3 You saw with your own eyes ...

DO NOT add & DO NOT subtract.

Just hold and keep the holdings for higher value.

Going forward, that RM4 a share has become RM5 already.
Can you see the impact on the Balance Sheet in YTL?

Let say, 8,182 Mil x 55% = 4, 500 Mil shares.

During the Q ended 31MAR2024, if the value increased by RM1, from RM3 to RM4, the effect in YTL's balance will be like this :-

Debit -
B/f Investment value in the subsidiary : 4.5 Bil x RM3 = RM13.5 Bil
Debit RM4.5 Bil

C/f Investment value in the subsidiary : 4.5 Bil x RM4 = RM18.0 Bil
(Increased by RM4.5 Bil)

CREDIT - Where to credit?
Don't have to do the revaluation of the investment in the Balance Sheet.
They may let it stay with the cost of investment, RM1 a share.

Can check to BSheet of YTL on how this investment/55% reported.

According to the AR @30JUNE2023, YTL got 55% shareholdings in YTLP.
It is the biggest beneficiary from the appreciation in YTLP.

QR ended on 31 MAR 2024 will be announced next week.

Appreciation of the value for each share will contribute to the value of holding company. The holding company is holding say 51% of the issued shares in YTLP and that is very helpful for Balance Sheet in YTL.

Running on 4 quarters, the EPS now is 3.4 sen. The Qr ended on 31 March, say also 7.4 , then immediate changes can be as follows:- (3.4 + 3.4 + 3.4 + 7.4) ÷ 4 = 17.6 ÷ 4 = 4.4 sen

4.4 EPS x current PE 20 , price can be 88 sen.

QR 31Mar2024 should be published by end of this month.

2 months ago | Report Abuse

Yes. RM3.89/RM3.90 very shy to buy.

Even At RM3.92 was not easy to sell.

The funds from overseas do not queue, they just buy and settle the trades and be kept in the custody Services.

Stock
Stock: [YTLPOWR]: YTL POWER INTERNATIONAL BHD

2 months ago | Report Abuse

4PM here, Europe/Uk morning already, market opens - if it is true, good, let the foreign funds come in/take orders.

I RECALL the sharings 2 months ago. The Fund Manager bought without hesitation at that time.
NOW, RM5 already.

2 months later from today, if it can fetch RM6 and they are right in their projection and not speculation.

Sellers are of negligible

Buyers > Sellers.

Exodus 18 -

2 After Moses had sent away his wife Zipporah, his father-in-law Jethro received her 3 and her two sons. One son was named Gershom,[a] for Moses said, “I have become a foreigner in a foreign land”; 4 and the other was named Eliezer,[b] for he said, “My father’s God was my helper; he saved me from the sword of Pharaoh.”

5 Jethro, Moses’ father-in-law, together with Moses’ sons and wife, came to him in the wilderness, where he was camped near the mountain of God. 6 Jethro had sent word to him, “I, your father-in-law Jethro, am coming to you with your wife and her two sons.”

7 So Moses went out to meet his father-in-law and bowed down and kissed him. They greeted each other and then went into the tent. 8 Moses told his father-in-law about everything the Lord had done to Pharaoh and the Egyptians for Israel’s sake and about all the hardships they had met along the way and how the Lord had saved them.

scrambling to buy...

RM5 all being purchased

Emm.. RM5 already.

RM4.97, another 3 sen

So does Delegate/delegation of duties where it was difficult for one person to look over so many.

Jethro, the father-in-law of Moses advised him to appoint leaders to oversee the large community.

Exodus 18 -

21 But select capable men from all the people—men who fear God, trustworthy men who hate dishonest gain—and appoint them as officials over thousands, hundreds, fifties and tens. 22 Have them serve as judges for the people at all times, but have them bring every difficult case to you; the simple cases they can decide themselves. That will make your load lighter, because they will share it with you. 23 If you do this and God so commands, you will be able to stand the strain, and all these people will go home satisfied.”

Specialization/economic Specialization was recorded in the first Chapter (Genesis 49) where Jacob blessed his sons that they have different skill and ability.

There the early theologians learned about the concept of Specialization and introduced to the universities. Anyway, theology was the first faculty in the university like University of Paris and later they have Psychology. It was not Computer Science or dentistry then.

1 time, not long ago, when reaching RM4.20, it went back to RM3.60/RM3.70 and if have bought even without any qualms and disputes, now RM4.80 only so now can celebrate louder for the right move.

0 seconds ago

Meanwhile, some would have like to have sold the shares this morning and buy back later today.

But no one can be sure that will be a profitable venture when the the same shares needed more money to buy again.

The selling pressure was well absorbed with the buying power.

When the buyers, not long ago, took the position at RM4.18/RM4.19 , they bought without hesitation. Just like yesterday when the buyers were buying into above RM4.60/RM4.70 within the minutes.

Those bought above RM4.10 not long ago, they were right. Those who bought even yesterday were right when the price went above RM5 later on.

RM4.83 no seller.

RM4.83

A person can improve his/her Mazal.

Each person has the mazal being decreed by the Creator based on our achievements/records from the past. Some are born into the rich families while others are not. Mazal is not only focusing on the monetary side but it does include matters such as health and duration of our lives.

One can improve his/her mazal by doing kindness, charity, repentance and constant connection the Lord who is our salvation of our soul and providence our our health and sustenance.

Why we talk/jealous about others' achievement is because we do not have enough of Emunah. We must have faith that our creator will by His will prefer to bless us and allowing us to live a life that is fulfilling and fruitful. Only we, by our ignorance swayed aside, leading a life that is not pleasing Him. We must stay connected to Him and asking all those things that are good for us and others/family members, for example.

I had preferred YTLP than YTL from the beginning. But lately, I also bought YTL. Not plenty. Here, I also like to tell stories from the Bible.

Not. I have not sold. The market has no more sellers at RM4.78

2 missions were sent to survey the surrounding of the Lands.

Caled and Joshua have participated in the missions.
In the 1st Mission, 12 guys were sent and 9 said the saw the Anakites, tall and big bodies, and were fearful and gave the negative reports of the Lands that the Lord wanted to give them. In fact, they did not ask for the Lands and it was the Lord took them out from the slavery and giving them the Lands and representing the LORD as a Holy nation.

RM4.78 all sold

RM4.78

They witnessed the power of the LORD and started trembling/shivering.
But Moses asked them to relax and not to be afraid.

Is not a one to one kind of testimony by saying "God talking to me last night kind of fairytale" but the encountered was witnessed by thousands/millions from the community.

EXPDUS 20 -
18 When the people saw the thunder and lightning and heard the trumpet and saw the mountain in smoke, they trembled with fear. They stayed at a distance 19 and said to Moses, “Speak to us yourself and we will listen. But do not have God speak to us or we will die.”

20 Moses said to the people, “Do not be afraid. God has come to test you, so that the fear of God will be with you to keep you from sinning.”

21 The people remained at a distance, while Moses approached the thick darkness where God was.

Lest we are arguing with the profits/money.

RM0.42 EPS X PE ratio 14/15 =?

Just like a gem, everyone would like to have a piece.