Posted by KingKKK > 2024-06-03 12:21 | Report Abuse

Bursa MAGNIFICENT 7 - Update for Jun 2024 - Discussion about PBA, YTL, YTLPOWER, TENAGA, UEMS, IOIPG and SUNWAY - (KingKKK)

https://klse1.i3investor.com/blogs/bestStocks/2024-06-02-story-h-160564341-Bursa_MAGNIFICENT_7_Update_for_Jun_2024_Discussion_about_PBA_YTL_YTLPOW.jsp

Posted by speakup > 2024-06-03 13:08 | Report Abuse

Last time magnificent 7 got Top glove, Harta, Kossan, Supermax, Comfort, Rubberex, careplus

Posted by Antifanaticracism > 2024-06-04 11:11 | Report Abuse

Under ytl ranhill has a lot of room to improve it's earnings

Posted by redhotpepper > 2024-06-04 12:47 | Report Abuse

Ytl doesn't looks good right now

Posted by Antifanaticracism > 2024-06-04 13:00 | Report Abuse

Ytl consolidating

Posted by Antifanaticracism > 2024-06-04 13:08 |

Post removed.Why?

Posted by Antifanaticracism > 2024-06-04 13:08 | Report Abuse

Share

Posted by Antifanaticracism > 2024-06-04 13:09 | Report Abuse

It has to bring in new ventures that can increase its earnings

Posted by cwc1981 > 2024-06-04 18:41 | Report Abuse

Big bosses buying from own members

Posted by Agjl > 2024-06-04 20:02 | Report Abuse

https://www.fool.com/investing/2024/06/03/nvda-stock-price-target-2025-1-year/

Posted by cwc1981 > 2024-06-04 20:41 | Report Abuse

Owner scooping up both YTLs tickets

Posted by mamakspecial > 2024-06-05 09:09 | Report Abuse

ranhill manage water in johor..data center needs alot of water besides electricity too..ytl already has power..now it has water too...they know data centers projects will boom in
malaysia..so its the reasonable thing to acquire ranhil to have control on water too.

Sip or guzzle? Here's how Google's data centers use water

GreenBiz
https://www.greenbiz.com › article › sip-or-guzzle-here...
22 Nov 2022 — Considered another way, the average Google data center consumes 450,000 gallons of water on a daily basis. For those who love simple, everyday ...

Data Center Water Usage: A Comprehensive Guide

Posted by dragon328 > 2024-06-05 09:18 | Report Abuse

Based on records from CGS-CIMB, EPF started buying back YTL Corp shares by acquiring 1.2 million shares on 31 May 2024. That marked the first purchase by EPF after it pared down its stakes below 5.0% last year.

On the other hand, Yeoh Tiong Lay & Sons Sdn Bhd added shares in YTL and YTL Power yesterday.

Posted by cwc1981 > 2024-06-05 10:56 | Report Abuse

Can enlighten further @dragon? What is their move ahead?

Posted by Antifanaticracism > 2024-06-05 12:33 | Report Abuse

Ranhill has 10% downside and 90% upside. Medium term

Posted by Antifanaticracism > 2024-06-05 12:37 | Report Abuse

Ytl just improve efficiency, stream line management and cost cutting will more than double earnings

Posted by Antifanaticracism > 2024-06-05 12:43 | Report Abuse

Longer term high demand for water for DC.

Posted by Antifanaticracism > 2024-06-05 12:43 | Report Abuse

Utility business v secure

Posted by Antifanaticracism > 2024-06-05 12:45 | Report Abuse

Business already there and is a monopoly

Posted by dragon328 > 2024-06-05 14:26 | Report Abuse

@cwc1982, it shows that EPF has finally seen the deep values in YTL. I expect more buying from EPF in coming weeks, to gradually increase its holdings back to 5% level.

Posted by cwc1981 > 2024-06-05 15:25 | Report Abuse

@dragon thanks. Hope to see you more often here beside YTL Power.

Posted by Why_ > 2024-06-05 16:22 | Report Abuse

UBS no more 5% Ytl nobody talk?

Posted by cwc1981 > 2024-06-05 16:39 | Report Abuse

Hi @why is reasonable for UBS to sell down. Last year when they take over the YTL share from Credit Sussie, the price was hovering between 55 to 70 cents. So I normal for UBS to lock in profit to offset the losses from taking over Credit Sussie

Posted by Why_ > 2024-06-05 16:48 | Report Abuse

If UBS can take profit Ytl, Ytl Power can escape UBS profit taking?

Posted by cwc1981 > 2024-06-05 17:04 | Report Abuse

UBS never announcement they are substantial shareholder for YTL power.

Posted by cwc1981 > 2024-06-05 17:04 | Report Abuse

I doubt they own any YTL power share

Posted by Goldberg > 2024-06-05 17:05 | Report Abuse

Power & Utilities Sector - 1Q24 Within Expectations

Author: sectoranalyst | Publish date: Wed, 5 Jun 2024,

Review
The Power and Utilities (P&U) sector reported results that were largely in line with expectations in 1QCY24 (Figure 2).

Only MALAKOF disappointed out of 6 P&U stocks under our coverage. MALAKOF missed expectations due to lower-than-expected share of profit from its associates.

Compared with the preceding quarter, core profit for the sector soared 24.3% QoQ mainly driven by lower non-fuel operating expenses for TENAGA (Figure 3). Compared with 1QCY23, core profit jumped 16.2% YoY supported by stellar performance at Power Seraya of YTLPOWR and turnaround at MALAKOF following the easing of negative fuel margins.

Outlook
With the launch of the National Energy Transition Roadmap (NETR), a roadmap meant to shift Malaysia from traditional fossil fuel economy into a high-value green economy, we expect P&U sector to be the major beneficiary due to the exciting earnings possibility that the roadmap presents.

In line with the NETR, Malaysia recently set up the Energy Exchange Malaysia (ENEGEM) for trading in green electricity supply to Singapore. This is a small but important step forward before the nation scales up the cross-border sale of renewable energy to Singapore where the electricity price is much higher. TENAGA should be the main beneficiary as the group can increase its interconnection grid with Singapore in the future and hence collect returns from utilisation of the grid.

Meanwhile, the government also targets to implement third party access (TPA) by allowing independent power producers (IPPs) to sell directly to consumers, bypassing their need to purchase from TENAGA. This is a positive news for IPPs and the power generation business of TENAGA, providing them with possibility of higher returns compared with competitive bidding under the large-scale solar tenders.

Posted by Why_ > 2024-06-05 17:06 | Report Abuse

Who buy RM 5 Ytl Power if not UBS or other foreign funds?

Posted by dragon328 > 2024-06-05 17:07 | Report Abuse

UBS had a direct stake of 0.44% in YTL Power and another 3.12% via Credit Suisse as of 30 June 2023.

UBS may adjust its investment portfolio after it fully took over Credit Suisse, no one knows whether it will pare down further stakes in YTL or increase stakes in YTL Power.

It does not matter, now local funds are big buyers of both YTL and YTL Power shares. Plus company share buyback and buying from Yeoh Tiong Lay & Sons Sdn Bhd, it should have strong support to share price.

Posted by cwc1981 > 2024-06-05 17:15 | Report Abuse

Thanks @dragon

Posted by EquityJourneyman > 2024-06-05 19:11 | Report Abuse

Yupe, can see Yeoh family was buying the shares continuously

Posted by Why_ > 2024-06-06 05:12 | Report Abuse

Continuously is it every day? If once in 3 months can it be considered continuously? >RM 3.5 YTL no longer cheap so even UBS start to sell.

EquityJourneyman

Yupe, can see Yeoh family was buying the shares continuously

10 hours ago

Posted by Why_ > 2024-06-06 05:14 | Report Abuse

Swiss banking group UBS ceases to be substantial shareholder of YTL Corp
https://theedgemalaysia.com/node/714277

Posted by jenson68 > 2024-06-06 08:08 | Report Abuse

Continue to hold as more business activities to come , guess saja !! Good one , haha

Posted by B03392 > 2024-06-06 08:48 | Report Abuse

Good decision👍. Own target price preferably.

Posted by Eagle77 > 2024-06-06 08:52 | Report Abuse

Awaiting at 2.50 ⬇️

Posted by dragon328 > 2024-06-06 10:06 | Report Abuse

No need to make a big fuss on UBS ceasing to be a substantial shareholder of YTL. It still holds 4%+ stakes in YTL and 3.5% in YTL Power. We don't know its next move.

It may start adding back YTL once HSR news gains traction or adding shares in YTL Power or MCement.

You simply cannot imply much from just one event. Similarly those traders who over-reacted to one quarter of weak results from YTL Power may regret now as share price shoots past RM5.00 again and may scale new highs months later. Long term investors need not worry too much about such volatility.

Posted by cwc1981 > 2024-06-06 10:17 | Report Abuse

Good

Posted by redhotpepper > 2024-06-06 10:21 | Report Abuse

In the mean ttime, ytl share doesn't look good though.

Posted by redhotpepper > 2024-06-06 11:05 | Report Abuse

Hmmm, doesn't look good for the time being, just being optimistic

Posted by OnTime > 2024-06-06 11:44 | Report Abuse

share price is like e.rection, it can't stay hard forever.

Posted by Antifanaticracism > 2024-06-06 11:48 |

Post removed.Why?

Posted by Antifanaticracism > 2024-06-06 12:05 | Report Abuse

Besides pwrwell get recurring income for maintenance of the wiring system

Posted by Antifanaticracism > 2024-06-06 13:29 | Report Abuse

Last chance to own some water and electric utility company shares at a low price

Posted by Antifanaticracism > 2024-06-06 15:09 | Report Abuse

Businessman is v scared of one thing. Competition. Ranhill has no competitor

Posted by cwc1981 > 2024-06-06 15:21 | Report Abuse

I'm wondering if power TP highest is RM7.45. What is the TP for the mother?

Posted by cwc1981 > 2024-06-06 15:26 | Report Abuse

The guy that keep pressing down the price back to 3.62 really deserve a salute. Each time the price rises to 3.63, within 10 seconds sure will sell down 100 units to push back to 3.62

Posted by Antifanaticracism > 2024-06-06 15:27 | Report Abuse

Ranhill can easily go into bottled water business. This is v big business and ranhill can do it at a v low cost

Posted by cwc1981 > 2024-06-06 15:54 | Report Abuse

Really die die want to maintain at 3.62

Posted by cwc1981 > 2024-06-06 15:55 | Report Abuse

Is this programmable or manual?