MACC probing YTL over 1BestariNet following fresh complaints, information
06 Sep 2024, 06:29 PM
The anti-graft agency responds to those questioning the timing of a probe over a project linked to former prime minister Muhyiddin Yassin.

PETALING JAYA: The investigation into YTL Communications Sdn Bhd over the 1BestariNet project was initiated following complaints of alleged corruption, misappropriation and abuse of power, the anti-graft agency said today after the timing of the probe was questioned.

In a statement, the Malaysian Anti-Corruption Commission (MACC) said it had decided to look into the project following a report by the committee on governance, procurement and finance investigation, which was released in August, and the findings by the Public Accounts Committee.

MACC said these two reports highlighted several weaknesses, including low broadband coverage, inadequate infrastructures and poor broadband access in schools.

Public information and complaints indicated that the project failed to deliver the required broadband speeds for effective learning, it said.

It added that the project’s duration was reduced from 15 years to 7.5 years without reducing the contract value, and there are ongoing claims and potential losses that need further investigation.

So the issue of why MACC is probing the matter now despite the project ending in 2019 does not arise as it is our responsibility to investigate upon receiving new information, especially when it comes to government funds, it said.

As such we hope that the public will refrain from speculating on the matter, as corruption, misappropriation and abuse of power are issues on which we cannot compromise.

On Wednesday, it was reported that MACC had raided YTL Communication’s Kuala Lumpur office and a government office as part of an investigation into the payment claims related to the 1BestariNet service tender.

A MACC source said the investigation is centred on claims involving false details related to RM2.7 billion in payments, as well as other criminal elements under the MACC Act 2009.

1Bestarinet Project: YTL Power Confirms MACC Investigation On YTL Comms
https://www.bernama.com/en/news.php?id=2336993

1Bestarinet Project: YTL Power Confirms MACC Investigation On YTL Comms
https://www.bernama.com/en/news.php?id=2336993

Here’s how Nvidia stock is expected to react after Q2 earnings - poll
Nvidia
reported earnings after the bell that beat Wall Street expectations, and provided stronger-than-expected guidance for the current quarter.

Nvidia shares fell 8% in extended trading.

Here is how the company did versus LSEG consensus expectations:

Earnings per share: 68 cents adjusted vs. 64 cents expected
Revenue: $30.04 billion vs. $28.7 billion expected
Nvidia said it expects about $32.5 billion in current-quarter revenue, versus $31.7 billion expected by analysts, according to StreetAccount. That would be an increase of 80% from a year earlier.

Revenue continues to surge at the chipmaker, rising 122% on an annual basis during the quarter, following three straight periods of year-over-year growth in excess of 200%.

Net income more than doubled to $16.6 billion, or 67 cents per share, in the quarter, from $6.18 billion, or 25 cents per share, in the year-ago period.

Nvidia has been the primary beneficiary of the ongoing artificial intelligence boom. Nvidia shares are up more than 150% this year after soaring almost 240% in 2023. Its market cap recently eclipsed $3 trillion, and Nvidia was briefly the most valuable public company in the world, though it is now second to Apple.

Revenue in Nvidia’s data center business, which includes its AI processors, climbed 154% from a year earlier to $26.3 billion, accounting for 88% of total sales. It also topped StreetAccount expectations of $25.24 billion.

Not all of those sales are AI chips. Nvidia said Wednesday that $3.7 billion in revenue came from the company’s networking products.

Much of its business is targeted at a handful of cloud service providers and consumer internet companies including Microsoft, Alphabet, Meta and Tesla. Nvidia’s chips, such as the H100 and H200, are used in the vast majority of generative AI applications, such as OpenAI’s ChatGPT.

Many customers are waiting for Nvidia’s next-generation AI chip, called Blackwell. Nvidia said it shipped samples of Blackwell chips during the quarter, and made a change to the product to make it more efficient to manufacture.

“In the fourth quarter, we expect to ship several billion dollars in Blackwell revenue,” Nvidia Chief Financial Officer Colette Kress said on a call with analysts.

“The change to the mask is complete. There were no functional changes necessary,” Nvidia CEO Jensen Huang said on the call.

“When I said start production in Q4, I mean shipping out. I don’t mean starting to ship,” he continued.

However, Nvidia said it expected the current-generation chip, called Hopper, to increase total shipments for the next two quarters, as opposed to taper off.

“Hopper demand remains strong, and the anticipation for Blackwell is incredible,” said Huang in the press release. Nvidia noted that supply for Hopper is becoming more available while Blackwell is still in short supply.

Nvidia said its gross margin slipped in the quarter to 75.1% from 78.4% in the prior period, though it is still up from 70.1% a year ago. For the full year, the company said it expects gross margins to be in the “mid-70% range.” Analysts were expecting a full-year margin of 76.4%, according to StreetAccount.

Nvidia’s gaming business used to be the company’s primary focus before the data center took off. Gaming revenue increased 16% from a year ago to $2.9 billion, beating StreetAccount’s estimate of $2.7 billion. The company said it was partially due to increased PC gaming card shipments as well as “game console SOCs.” Nvidia provides chips for Nintendo’s consoles.

Nvidia also makes chips for high-end graphic designers as well as cars and robots. The company’s professional visualization business rose 20% and reported $454 million in revenue. Nvidia reported $346 million in automotive and robotics revenue, versus StreetAccount expectations of $344.7 million.

Nvidia also said it approved $50 billion in additional share buybacks.

Here’s how Nvidia stock is expected to react after Q2 earnings - poll
Nvidia
reported earnings after the bell that beat Wall Street expectations, and provided stronger-than-expected guidance for the current quarter.

Nvidia shares fell 8% in extended trading.

Here is how the company did versus LSEG consensus expectations:

Earnings per share: 68 cents adjusted vs. 64 cents expected
Revenue: $30.04 billion vs. $28.7 billion expected
Nvidia said it expects about $32.5 billion in current-quarter revenue, versus $31.7 billion expected by analysts, according to StreetAccount. That would be an increase of 80% from a year earlier.

Revenue continues to surge at the chipmaker, rising 122% on an annual basis during the quarter, following three straight periods of year-over-year growth in excess of 200%.

Net income more than doubled to $16.6 billion, or 67 cents per share, in the quarter, from $6.18 billion, or 25 cents per share, in the year-ago period.

Nvidia has been the primary beneficiary of the ongoing artificial intelligence boom. Nvidia shares are up more than 150% this year after soaring almost 240% in 2023. Its market cap recently eclipsed $3 trillion, and Nvidia was briefly the most valuable public company in the world, though it is now second to Apple.

Revenue in Nvidia’s data center business, which includes its AI processors, climbed 154% from a year earlier to $26.3 billion, accounting for 88% of total sales. It also topped StreetAccount expectations of $25.24 billion.

Not all of those sales are AI chips. Nvidia said Wednesday that $3.7 billion in revenue came from the company’s networking products.

Much of its business is targeted at a handful of cloud service providers and consumer internet companies including Microsoft, Alphabet, Meta and Tesla. Nvidia’s chips, such as the H100 and H200, are used in the vast majority of generative AI applications, such as OpenAI’s ChatGPT.

Many customers are waiting for Nvidia’s next-generation AI chip, called Blackwell. Nvidia said it shipped samples of Blackwell chips during the quarter, and made a change to the product to make it more efficient to manufacture.

“In the fourth quarter, we expect to ship several billion dollars in Blackwell revenue,” Nvidia Chief Financial Officer Colette Kress said on a call with analysts.

“The change to the mask is complete. There were no functional changes necessary,” Nvidia CEO Jensen Huang said on the call.

“When I said start production in Q4, I mean shipping out. I don’t mean starting to ship,” he continued.

However, Nvidia said it expected the current-generation chip, called Hopper, to increase total shipments for the next two quarters, as opposed to taper off.

“Hopper demand remains strong, and the anticipation for Blackwell is incredible,” said Huang in the press release. Nvidia noted that supply for Hopper is becoming more available while Blackwell is still in short supply.

Nvidia said its gross margin slipped in the quarter to 75.1% from 78.4% in the prior period, though it is still up from 70.1% a year ago. For the full year, the company said it expects gross margins to be in the “mid-70% range.” Analysts were expecting a full-year margin of 76.4%, according to StreetAccount.

Nvidia’s gaming business used to be the company’s primary focus before the data center took off. Gaming revenue increased 16% from a year ago to $2.9 billion, beating StreetAccount’s estimate of $2.7 billion. The company said it was partially due to increased PC gaming card shipments as well as “game console SOCs.” Nvidia provides chips for Nintendo’s consoles.

Nvidia also makes chips for high-end graphic designers as well as cars and robots. The company’s professional visualization business rose 20% and reported $454 million in revenue. Nvidia reported $346 million in automotive and robotics revenue, versus StreetAccount expectations of $344.7 million.

Nvidia also said it approved $50 billion in additional share buybacks.

英伟达76%员工是百万富翁
https://www.enanyang.my/%E5%9B%BD%E9%99%85%E8%B4%A2%E7%BB%8F/%E8%8B%B1%E4%BC%9F%E8%BE%BE76%E5%91%98%E5%B7%A5%E6%98%AF%E7%99%BE%E4%B8%87%E5%AF%8C%E7%BF%81-%E5%B7%A5%E4%BD%9C%E8%87%B3%E5%87%8C%E6%99%A82%E7%82%B9%C2%B7%E6%AF%8F%E6%97%A5%E5%BC%80%E4%BC%9A7%E6%AC%A1

Post removed.Why?

YTLREIT Quarter Report QoQ up 125%

YTLREIT Quarter Report QoQ up 125%

Anthony Loke: Malaysia to decide on HSR project with Singapore by year-end
https://www.malaymail.com/news/malaysia/2024/07/18/anthony-loke-malaysia-to-decide-on-hsr-project-with-singapore-by-year-end/144107

YTL Corp’s 9-month net profit surges 186% to RM2.8bil
https://www.thestar.com.my/business/business-news/2024/05/23/ytl-corps-9-month-net-profit-surges-186-to-rm28bil

AI股项热火朝天 杨忠礼双雄再创新高
https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/ai%E8%82%A1%E9%A1%B9%E7%83%AD%E7%81%AB%E6%9C%9D%E5%A4%A9-%E6%9D%A8%E5%BF%A0%E7%A4%BC%E5%8F%8C%E9%9B%84%E5%86%8D%E5%88%9B%E6%96%B0%E9%AB%98

杨忠礼机构股价被低估
https://www.chinapress.com.my/20240427/%E6%9D%A8%E5%BF%A0%E7%A4%BC%E6%9C%BA%E6%9E%84%E8%82%A1%E4%BB%B7%E8%A2%AB%E4%BD%8E%E4%BC%B0/

https://www.sinchew.com.my/news/20240425/finance/5561665

Nvidia plans to build a $200 million AI center in Indonesia amid push into Southeast Asia
https://www.cnbc.com/2024/04/05/nvidia-to-build-a-200-million-ai-center-in-indonesia-amid-southeast-asia-push.html

Energy Commission opens LSS5 up for bidding, targets 2,000MW of solar generation

KUALA LUMPUR (April 1): The Ministry of Energy Transition and Water Transformation has kicked off the bidding process for the fifth round of the Large Scale Solar programme (LSS5) or LSS-Peralihan Tenaga SuRiA, offering a total generation quota of 2,000MW.

According to a notice on the tender and request for proposal (RFP) from the Energy Commission (EC) sighted by The Edge, four packages will be offered, ranging from permitted generation capacities of as low as 1MW to as high as 500MW.

Package 1, taking up 250MW of the total quota, comprises rooftop or ground solar power plants, with a permitted generation capacity of 1MW to 10MW, and will be only available to Bumiputera companies.

Package 2, also with a quota of 250MW comprising rooftop or ground solar power plants, but with a permitted generation capacity of 10MW to 30MW, will be open to bids from companies that have at least 51% Bumiputera ownership.



As for Packages 3 and 4, which offer the biggest permitted generation capacities under LSS5, they are open to companies that are at least 51% domestically owned.

Package 3, with a total quota of 1,000MW, comprises rooftop or ground solar power plants, with a permitted generation capacity of 30MW to 500MW.

Package 4, with a 500MW quota, comprises floating solar power plants, with permitted generation capacities of 10MW to 500MW.

The solar power plants to be developed under LSS5 are scheduled to be operational in 2026, according to the EC.

The regulator is inviting industry players to participate in LSS5’s bidding process, in line with the criteria set in the RFP document.

“The RFP document will be sold from April 1 at 9am, until April 16 at 5pm, through the EC website at www.st.gov.my, at a price of RM3,000 each,” the notice read.

“Physical submission of the RFP document must be sent and received by the EC no later than July 25, 2024 at 5pm, and any changes to the method of submission will be notified through the EC website,” it added.

Know more about NVIDIA and AI.
https://www.youtube.com/watch?v=Y2F8yisiS6E

YTL AI Cloud to deploy advanced supercomputer, powered by Nvidia
https://thesun.my/local_news/ytl-ai-cloud-to-deploy-advanced-supercomputer-powered-by-nvidia-PC12232386

Nvidia CEO Jensen Huang announces new AI chips: ‘We need bigger GPUs’
https://www.cnbc.com/2024/03/18/nvidia-announces-gb200-blackwell-ai-chip-launching-later-this-year.html

NVIDIA Corporation ⬆859.64 +7.31 (+0.86%)

MoneyLion’s Co-founder Foong Chee Mun Apointed CPO at YTL-SEA Digital Bank
https://fintechnews.my/42271/virtual-banking/moneylions-co-founder-foong-chee-mun-apointed-cpo-at-ytl-sea-digital-bank/

YTL Corp's net profit jumps to RM589.22mil in 2Q
https://www.thestar.com.my/business/business-news/2024/02/22/ytl-corp039s-net-profit-jumps-to-rm58922mil-in-2q
https://www.nst.com.my/business/corporate/2024/02/1016542/ytls-earnings-surge-more-five-times-rm58922mil-q2

Turn green today

https://www.sinchew.com.my/news/20240205/finance/5372225

取之于社会,用之于社会.

柔佛苏丹拟重启隆新高铁
https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E6%9F%94%E4%BD%9B%E8%8B%8F%E4%B8%B9%E6%8B%9F%E9%87%8D%E5%90%AF%E9%9A%86%E6%96%B0%E9%AB%98%E9%93%81

Dec 18 ,YTL Corp, YTL Power International join KLCI constituents
https://www.thestar.com.my/business/business-news/2023/11/30/ytl-corp-ytl-power-international-join-klci-constituents

Update (7:18 PM, 8 December 2023): It turns out that the rumour was indeed true.
https://www.lowyat.net/2023/312515/nvidia-rumoured-to-be-working-with-ytl-to-build-datacentre-in-malaysia/

Dialog, Westports Replaced by YTL Power, YTL in Malaysia's KLCI Index
https://www.marketwatch.com/story/dialog-westports-replaced-by-ytl-power-ytl-in-malaysia-s-klci-index-9fbd9906

各项业务皆大放异彩 杨忠礼机构净利翻13倍
https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E5%90%84%E9%A1%B9%E4%B8%9A%E5%8A%A1%E7%9A%86%E5%A4%A7%E6%94%BE%E5%BC%82%E5%BD%A9-%E6%9D%A8%E5%BF%A0%E7%A4%BC%E6%9C%BA%E6%9E%84%E5%87%80%E5%88%A9%E7%BF%BB13%E5%80%8D

YTL Power is ranked 22rd and YTL Corp is 24th on Bursa Malaysia,

杨忠礼与杨忠礼电力-有望跻入综指成分股
https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E6%9D%A8%E5%BF%A0%E7%A4%BC%E4%B8%8E%E6%9D%A8%E5%BF%A0%E7%A4%BC%E7%94%B5%E5%8A%9B-%E6%9C%89%E6%9C%9B%E8%B7%BB%E5%85%A5%E7%BB%BC%E6%8C%87%E6%88%90%E5%88%86%E8%82%A1

From CIMB Analysts :
YTL Corporation - Morphing into a large cap infra proxy
We reiterate our Add call, raise FY24-26F EPS by 37-58% and lift our TP to RM1.91 (20% discount to SOP). We believe YTL’s twin growth engines of construction and cement make it a fitting large cap infrastructure proxy for Malaysian infrastructure. YTL Land said it will step up its launches in Sentul to tie in with MRT 3 rollout.
YTL Power International - All-time high net profit
YTLP reported an all-time high normalised net profit of RM1.8bn for FY23, which was up 4x yoy and beat ours and consensus’ forecasts by 35-41%. This was driven mainly by significant improvement in profitability at Power Seraya on the back of the supply-demand tightness in Singapore. We reiterate our Add rating with a higher SOP-based TP of RM2.40.

YTL Corp posts stellar FY23 results
https://www.thestar.com.my/business/business-news/2023/08/24/ytl-corp-posts-stellar-fy23-results

YTL Head Francis Yeoh And His Family Charge Ahead With Growing Their Data Center Business To Future-Proof The 68-Year-Old Infrastructure Conglomerate. Will Their Bet On Solar Powered Parks Pay Off?
https://www.forbes.com/sites/jessicatan/2023/08/13/ytl-head-francis-yeoh-and-his-family-charge-ahead-with-growing-their-data-center-business-to-future-proof-the-68-year-old-infrastructure-conglomerate-will-their-bet-on-solar-powered-parks-pay-off/?sh=4db7281e5390

安华8·11槟城会王毅
https://www.enanyang.my/%E8%A6%81%E9%97%BB/%E5%AE%89%E5%8D%8E8%C2%B711%E6%A7%9F%E5%9F%8E%E4%BC%9A%E7%8E%8B%E6%AF%85

隆新高铁将“复活”-分析员杨忠礼机构希望大
https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%9C%80%E7%83%ADnow/%E3%80%90%E8%B4%A2%E7%BB%8F%E6%9C%80%E7%83%ADnow%E3%80%917%E6%9C%8828%E6%97%A5%EF%BD%9C%E9%9A%86%E6%96%B0%E9%AB%98%E9%93%81%E5%B0%86%E2%80%9C%E5%A4%8D%E6%B4%BB%E2%80%9D-%E5%88%86%E6%9E%90%E5%91%98%E6%9D%A8%E5%BF%A0%E7%A4%BC%E6%9C%BA%E6%9E%84%E5%B8%8C%E6%9C%9B%E5%A4%A7

YTL planned to create recharge hubs in the Klang Valley initially for electric vehicles, thus becoming one of the earliest movers in the potentially lucrative charging business.

"Right now, you mostly see charging points in selected shopping malls. The group wants to create something bigger, like a petrol station concept but with rechargeable cars. It wants to move in fast so that it can be a pioneer and market leader,"
December 6, 2022 https://www.nst.com.my/business/2022/12/858142/ytl-rock-digitalisation-targeting-electrification-and-data-mining

5财团拟竞标隆新高铁洽谈引进中国日本伙伴
https://www.sinchew.com.my/20230506/%e9%9a%86%e6%96%b0%e9%ab%98/

Net Profit -3,303,063,000

陆兆福进一步讨论合作-中国对隆新高铁感兴趣
https://www.enanyang.my/%E8%A6%81%E9%97%BB/%E9%99%86%E5%85%86%E7%A6%8F%E8%BF%9B%E4%B8%80%E6%AD%A5%E8%AE%A8%E8%AE%BA%E5%90%88%E4%BD%9C-%E4%B8%AD%E5%9B%BD%E5%AF%B9%E9%9A%86%E6%96%B0%E9%AB%98%E9%93%81%E6%84%9F%E5%85%B4%E8%B6%A3

YTLPOWR Top Shareholders
YTL CORPORATION BERHAD 48.98%

Subsea7 wins new PLSV contract with Petrobras offshore Brazil
... favour the contracting of a trio of PLSVs submitted by Sapura Navegacao — a 50:50 joint venture between Seadrill and Sapura Energy.

Flagship heavy-lift vessel back in the game after 2020 boom collapse incident
https://www.upstreamonline.com/rigs-and-vessels/flagship-heavy-lift-vessel-back-in-the-game-after-2020-boom-collapse-incident/2-1-1406597

Saudi Aramco cooks up contracts feast for giant offshore fields
... Italy's Saipem, Malaysia's Sapura Energy, China's Offshore Oil ... and a grouping of Technip Energies and Malaysia Marine & Heavy.

Floating Production Storage and Offloading (FPSO) Market is Anticipated to Surpass a Revenue of USD 15.4 Billion by Growing at a CAGR of 12.3% During 2022-2028; Growing Need for Energy and Fuel to Elevate Market Growth – SkyQuest
https://www.globenewswire.com/news-release/2023/02/15/2608831/0/en/Floating-Production-Storage-and-Offloading-FPSO-Market-is-Anticipated-to-Surpass-a-Revenue-of-USD-15-4-Billion-by-Growing-at-a-CAGR-of-12-3-During-2022-2028-Growing-Need-for-Energy.html

2024年石油危机恐再现-油价或重返百美元时代
https://www.chinapress.com.my/20230207/2024%e5%b9%b4%e7%9f%b3%e6%b2%b9%e5%8d%b1%e6%9c%ba%e6%81%90%e5%86%8d%e7%8e%b0-%e6%b2%b9%e4%bb%b7%e6%88%96%e9%87%8d%e8%bf%94%e7%99%be%e7%be%8e%e5%85%83%e6%97%b6%e4%bb%a3/

Korean Oil & Gas Company Gives Employees 120 Months of Bonus for 2022
https://worldofbuzz.com/korean-oil-gas-company-gives-employees-120-months-of-bonus-for-2022/

Land deals in Bukit Bintang climbed from RM200 to RM7,000 psf over a 23-year span
https://www.nst.com.my/property/2022/12/862983/land-deals-bukit-bintang-climbed-rm200-rm7000-psf-over-23-year-span

Upbeat outlook on O&G sector
https://www.thestar.com.my/business/business-news/2022/12/21/upbeat-outlook-on-og-sector