Let's have some fun forecast the EBITDA and Profit After Tax as follows...
Actual Q2 : EBITDA = RM3.6b; Net Profit = RM860m
Q3 :-
Ray : EBITDA = RM3.3b; Net Profit = RM750m
Happy hunting :-)

... belongs to the group :-) YTL + YTLP = The Group..... license was awarded to The Group... its up to francis yeoh how he wants to slice and dice the pizza :-) peace

ok dokie @calvintaneng .... yes u have promoted o&g counters as well... and nwo also notion etc.... happy hunting buddy :-)

@calvintaneng .... just to know what is your day job buddy? You have been promoting TSH and oilpalm counters from as far as i can remember, whats your stake in this? you need to come clean..... why all these efforts just sticking to one sector? Why not change sector as to the time and trend?

@MrFox ..... these guys all share same platform..... if u read this > Hann Yeoh is Executive Director of YTL Power International Bhd and spearheads the investments and new business arm of the group. He leads its digital infrastructure arm through YTL Data Centers Ltd and the Digital Bank JV between YTL and Sea Ltd in Malaysia. Chee Mun was recruited in to add on .... probably has 2 salaries each from ytl and ytlp.... :-0 peace

TA SECURITIES (APRIL 22): Malakoff is expected to return to the black in 1QFY24 on the back of improvement in negative fuel margins. We forecast that the group will record a core profit of RM60 million-RM70 million in 1QFY24. Newcastle Coal prices have stabilised since June 2023, suggesting that the worst of negative fuel margins is over. The group currently offers an attractive dividend yield of 6.8% to 8.3% for FY24-FY26. Its 97.3%-owned Alam Flora Sdn Bhd is expected to continue contributing stable earnings for Malakoff.
https://theedgemalaysia.com/node/709902

price shd hover around 10 no need to drop as business is booming and fundamentals intact, in fast as compared to Bangkok airport ..... super undervalued. Last qtr EPS of 16.41 if annualised is 65.64c, and at current price of RM10.... thats PER of 15x which is reasonable if not low.... and revenue will only pick up more here on..... happy hunting :-) peace

somethings brewing at malakoff... peace

something is brewing at slvest...... price wise, any news?

at this juncture, i believe no way this privatisation can go thru with GIP as a party to the agreement, better for just khazanah and EPF to go alone as 2 parties and take MAHB private.... if they want after that they can sell 30% to whomever they want, but its sour taste already, let this be a lesson for khazanah and epf, next time share your strategy and vision before buta2 make offer and check your bed-fellows first, especially on so called national assets.... :-) peace

kekiri kekanan kekiri kekanan.... this is what happens when contra players sell and re-purchase again to stay in the game :-) peace

@cgtan2020 ... LOL yah me too syiok-syiok here :-) peace

thx @Goldberg yup rock solid indeed.... cheers

mix bag of news... but glad to read that wessex could return to the black :)

https://www.businesstoday.com.my/2024/05/17/ytl-powers-euphoria-continues/

Cheers @Goldberg ...thanks for the info. In the last Q they recorded small operating loss from the digital banking olerations about RM14m, I guess its still in the start-up stage.

But the last Q, AEONCR announced a 22.32c EPS (annual EPS of 119c), of which if 22.32c annualised at current price of 7.18 thats PER of 8x only !!! Huge potential cor increase considering 13 analyst price target of 11.70 ? hmmm... and this year div is 42.5c.... thats 6% yield..... am i getting this right?

@Goldberg and @dragon328 .... how about AEON Credit? Are you guys covering this counter as well, and does it approximate the performance of AEON? But I realise AEON Cr is very thinly traded.... cannot go for big volumes.... your kind advice will be great.... :) peace

sour grapes are good for wine making :) anyway dow just hit 40000 .... we are somewhat in a bull market..... happy hunting guys .... peace

just for info powerseraya makes up 70% of revenue and almost 100% of profits - as water, seware and telco and still making losses..... thats how big current earnings are so dependent on. DC is another story..... not many can put their hands on any figures, and thats what makes ytlp so speculative in nature... and @Agjl .... yes Feds will only going to start cutting rates in Q4 2024 at the earliest.... but the hint of it has started the market moving.... first signs are bond market and our own RM which is taking que and beginning to strengthen.... lets all understand the risks here as we SAIL this ytlp "saturday night" fever.... peace

LOL .....thx @David Gunter .... and the article is absolutely right, everyone talking about good part of ytlp, but very few discuss about the risks.... 1) powerseraya seems to have hit peak revenue in last Q, and with the lower USEP rate we can expect lower revenue QonQ; 2) SGD MYR exchange rate will change once Feds lower int rate, kenanga has forecast the rate to be at 3.2x by Dec 2024 (currently at 3.5x); 3) hype on DC is understandable but 2-3 years will be start-up and will only see profits after that; 4) wessex is still not off the hook yet, UK inflation is still high and target to continue showing losses next Q announcement...... 5) ..... anyone can add on; Point is that its important to also look at risks .... thats just life :-) peace

Net operating cashflow for YE Jan 2024 was -RM1.3b and Jan 2024 was -RM2.9b .... this is taken off the financial statements, when the operating cashflow turns positive...... its the time to enter yinson....need confirmation from management when this will happen .... peace

@Topoftheworld ..... is that in russian? can translate for us pls :-) peace

thx for the data @cgtan2020 ... but ur comparison of ytl + ytlp more than tenaga does not make any sense...... if any it shd be YTL less 55% x YTLP + YTLP, as 55% of YTLP has already been considered into YTL.... but again market cap comparison is just wrong..... what you shd compare is the EPS and PER of YTLP and Tenaga.... and make some sense of it like what @dragon328 did..... :-) peace

waaah.... just realised PBA so thinly traded, or is it seasonal? the buy and sell volumes are chump change only hahahaha.... :-) peace

surprising that MOT has already given opinion, but khazanah and EFF is quiet on the exercise? Even if Khazanah and EPF wants to up their stake to 40 and 30% they can easily do it in the market.... why bring in foreigners to do this? puzzling.... Also if want to restructure and increase capital spending, best is to be listed where bank financing will be easily obtainable..... this privatisation move will only exclude the public from MAHB which I believe is not substantiated.... peace

@beinvested ..... yes u are right in the part that if ytlp issues a handsome dividend, then ytl will gain in incremental income, an dthis will push the valuation higher thus strengthen share price, we are i would say in a bull run in bursa, almost any shares u touch is up .... im looking at hume, funny as it makes almost same EPS as ytlp at 9.76c last quarter and trading at just below 10x EPS... shd i divest some ytl to hume? hmmm.... peace

@beinvested ..... while all these accounting entries are being addressed, I hope everyone knows that it has little to nothing to do with the share price, as the share price is based on more on earnings and the earnings of ytlp have already been equity accounted in the books of ytl..... therefore all these accounting entries and just accounting entries that all.... :-) peace

@dragon328 ... while I understand the 100% uplift in trhe revenue line - as this incremental hardware cost will be billed to the customer, but I dont see why the same will result in increased pretax profit? This is only a pass thru cost..... meaning an incremental cost is passed on to the customer, its a zero sum equation.... but if unable to pass on 100% of teh cost to customer then worse.... ytlp must bear portion and this will reduce the profits..... am i getting this right? ...peace

taking a bit of a stretched outcome.... last qtr EPS of 16.41 if annualised is 65.64c, and at current price of RM10.... thats PER of 15x which is reasonable

just got into airports..... not sure whats the issue, plan to take private at RM11 and yet price at RM10? Even if deal will be cancelled.... no reason for price to go down?

@Sslee .... duly noted, but pls be fair if you want to share downside also do research and share upsides, there is always 2 sides of a coin, im my experience Tony is a master when it comes to financial restructuring and what he has done is remarkable to say the least .... i cant say much tho about jtiasa :-) peace

i wonder why some ppl dont own any shares, but have thousand comments to make.... LOL

Sharing some new on recent takeover of MAHB....."Kenanga said the offer price of RM11 a share translates to 26x and 20x of its FY25 forecast earnings per share (EPS) and FY25 consensus EPS respectively. This implies a discount of 26%-42% compared to closest listed peer Airport of Thailand, which trades at 35x consensus FY25F EPS."
Amazing how airport operators are looking at 25-35 PER, while YTL at currently about 20x PER is already considered high :-) peace

rhb is currently the best paying dividend counter in terms of current price yield :-) will be heading here on my retirement.... peace (or earlier depending on how much my wife spends these days)

dear fellow ytlp-ians..... i finally found 2 chinks in the armour of ytlp, as follows.... for dragon328 and OTB to give their view...
1) the average USEP for period jan-mar2024 is S$159 as compared to S$176 per kWh in the prior quarter oct-dec2023, therefore denoting close to 10% reduction. Assuming the whole of the seraya revenue is USEP driven, then we can expect a 10% reduction in revenue. Last qtr the revenue from power was RM3.75b, so we can expect to see 10% or RM375m reduction in revenue and therefore RM375 reduction in profits. This is surely possible. To make matters worse the kWh consumption is also lower in this period compared to prior period. This si going to negatively impact upcoming Qresults.
2) The RM is slowly strengthening and its now at 3.48 and is expected to continue to strengthen as the feds will finally start lowering the rates some sept 2024. This is not a if question, but a when question. Feds sill surely reduce rate just a question of when sept or dec 2024? This will not impact upcoming results but future results...
Everyone shd be warned of this fact.... peace

most welcome on the article @jeffchan1901 and @chon99 .... glad to liked it, francis yeoh is a real visionary.... sad he lost his wife (loving and did lots of designing work) and staying single and devoted to family and christ.... we can all learn from him truly ..... peace

@alexgan9918 .... ytl is currently a little overvalued, but there is lots of upside to it coming from ytlp as well as mcement, but mainly from ytlp and its exposure to DC and johor-sing SEZ, and lastly there is also the HSR opportunity.... and share price are basically driven by the upsides... how much of these upsides turn into actual...is everyone's guess ... happy hunting, peace

interesting read... francis yeoh's acquisition spree..... bot wesset for 1.3b and now worth 3,5b... https://www.forbes.com/global/2009/0608/malaysia-40-richest-francis-yeoh-last-laugh.html?sh=7517ee4f3609

some analysis for GenB shareholders :-) share is trading at current T4Q earnings of 24c at PE of 19.61x, in order to achieve lets say PE of 12x (which is currently YTLP PE)..... GenB need to make 38c in annual earnings... moving forward. Can this be achieved?? EPS B4 covid historical; 2019-51c; 2018-35c and 2017-39c... averaging at 41c..... is this worth the wait?..... (Note: YTLP is currently making 10c a qtr, and known to achieve 40c per annum- kinda) ....peace

just full moons ago.... the KLCI index and the utilities index was at about the same 15xx ish.... and i used to use it as benchmark to see who doing better daily.... and today KLCI is at 1605 and utility index at 1753.... one raced far ahead ... peace

Land sale – a normal course of business. The transaction marks AME’s first deal in the data centre segment. The sale of 34.91 acres of freehold industrial land in AME’s i-TechValley to Digital Hypersapce Malaysia (DHM) is for a total consideration of MYR209.84m. This translates to MYR138 psf, considered a record high as the disposal is on a “as is where is” basis (vs an ASP of MYR85-90 psf to a manufacturer). Recall, Crescendo Corp (CCDO MK, NR) sold some parcels of land in Nusa Cemerlang Industrial Park to data centre users/operators at MYR120-125 psf in November last year. .... and price in doldrums !!! maybe floating shares are minimum mostly held by major shareholder?

greetings YTLpower playars... its 7:38am where i am now (12:38pm msia) and what a glorious morning to wake up to, and thx @dragon328 for the McQ report and more importantly the johor land sale analysis, AME was suspended yesterday for their announcement of the johor land sale, soon south johor will run out of land to sell (surprisingly AME shares went up at opening but cannot sustain - the bane of one off positive news no sustainability)... wonder if the kulai plot has already started to be developed.... i believe it shd have? cheers and peace....

@BursaVulture .... thanks for the feedback on reshuffling of lims at yinson and icon.... waaaah wish i had a dad like this .... can switch as CEO from one to another :-) peace

why did lim chern wooi resign from yinson? isnt he the 2nd son of the main shareholder?

Dear everyone.... I believe the discontent among many is because of teh lack of understanding of FPSO business and also how revenue recognition is undertaken in Yinson books. This is what happens when lay person assume all companies to be the same in nature, when they are not. In all truth, from an accounting perspective yinson is just like a property developer but with very very high risk. Their revenue is generated from from actual cash received, but based on percentage of contract completion and billings. Has anyone read the revenue recognition policy of Yinson?? Here is an extract "....A five-step process is applied before revenue can be recognised:
Step 1: Identify contracts with customers;
Step 2: Identify the separate performance obligations;
Step 3: Determine the transaction price of the contract;
Step 4: Allocate the transaction price to each of the separate performance obligations; and
Step 5: Recognise the revenue as each performance obligation is satisfied."
There you go...... so please understand that profits reported by yinson is not yet fully translated to cash.... it will be translated but at future date..... when project completed and REAL billing starts. This also clearly evidenced by teh negative operating cashflow from operations, meaning there is outlay for capital expenditure but not compensated against equal inflow from project completion actual billing. Im not sure if Im making sense or just confusing you..... bottom line is that risk is still high at yinson for now, as it has not cleared some basic hurdles. Those who are confident that the hurdles will all be cleared can invest now .... and hope once all hurdles cleared then can reap the benefits. So its up to you .... but you will need a longer holding power with nothing to recognise in near term.... does this fulfill your appetite? Ask yourself this question..... p/s : me personally i play with yinson WA, little down i buy then 2-3c up i sell.... 3c is like 8% margin, and then repeat the process, within weeks can make some coffee money loh :-) peace.... i followed OTB advice on buying into WA... long time more to expire

"Tech giants starting to treat Southeast Asia like next big thing", Bloomberg reports
By Olivia Poh & Suvashree Ghosh / Bloomberg 11 May 2024, 12:04 pm....... excerp "Hotspots include Johor Bahru, where Nvidia last year teamed up with a local utility for a plan to build a US$4.3 billion AI data centre park..." hmmmm .... wondering which utility co? hmm... wonder wonder :-) peace

@BursaVulture .... of course the Feds will lower the rates, only question of when, as otherwise US and most economies will go into a recession, which is what UK is on the brink off and thats why UK and EU will probably drop first.... we are looking at least 25 basis points reduction by this year end, followed by 100 basis points or so in 2025.... educated guesstimate... for yinson's sake the Brent better wake up from its 80 slumber and move towards 90 .... at 80 there is little incentive for FPSO owners

yinson is one of the companies that seems happy running its business with not a worry on its share price..... recently issued a very very expensive sukuk at 7.5% coupon.... while everyone nows in a year of less Feds will reduce the rates and we will be at the usual 3.5% ish rates, this like while running normal business instead of going to SMI loans ..... one opts for ah long.... same money yes.... but one charges high borrowing cost; but like said touch wood.... all yinson contract shoftfalls have been compensated for....BTW ang moh runs the core business at yinson.... just like at bumi armada

Let AlTugauw express his opinion... everyone is free to do so as long as not spamming, although on a personal level... I think he is in the wrong forum... such hatred ... on all sides does not belong in this forum

I like whispering words or wisdom from foxie... :) peace

so whats happening here.... heavy selling and equally heavy support at 4.96 .... can it sustain? contra players still ON?