CGS also has a 'hold' recommendation for YTL Corp Bhd (KL:YTL), with a TP of RM3.88, and a 'hold' on its associate YTL Power International Bhd (KL:YTLPOWR) (TP: RM5.50), which has a 500MW green data centre park in Johor that will come on stream in 2024, and which has partnered Nvidia Corp.
Maybe the interest from both local & foreign investors have waned after the latest dividend declared of 4c as against the 15c TS announced in a biz forum in Singapore last year. Any possibility...??!
There are several factors though, the market has risen a lot anyways, needa a correction. Moreover, there is ongoing EURO 2024. anddddddddddd the CPI is 2% which is kind of bad
YTL is still above MA 200, fundamental side is not affected. It's still considered as a uptrend stock. There's a potential support at 3.20, if it goes thru then around 2.6 or 2.7 (IIRC) have the strongest support.
Local research houses are busy upgrading construction stocks lately, raising valuation for big construction companies to PER of 20x.
YTL Corp has a projected EPS of 20 sen for FY2024. Using the same 20x PER, YTL should be trading to RM4.00. CGS has a fair value of RM3.88 for YTL, which is not too far from my figure.
YTL PER is already at 18x..... and if 20x is the target then there is little upside im thinking. The delay in HSR status is not helping the price, with only upside being ytlp 55% equity consolidation. YTL will have to compete with Sunway, Suncon, Gamuda and IJM..... and my take is that YTL is lagging on contract wins of this list....
YTL current PER is at 17x, there is still a good upside to my first target price of RM4.00. And this PER is based on current earnings base without HSR project.
I am confident that YTL will get a slice of the HSR project, likely to be the southern portion again as awarded before. The construction contract sum for this portion will be almost RM50-60 billion. Furthermore, whoever wins the HSR project, there will be huge demand boost to cement industry of which YTL's 75%-owned MCement has a majority share.
Digital Nasional Berhad (DNB) has announced that four major telecommunication companies have completed the share subscription agreement (SSA), with each obtaining a 16.3% stake. Those involved include CelcomDigi (through Infranation Sdn Bhd), Maxis, U Mobile, and YTL (through YTL Communications Sdn Bhd).
Wow this MLFF will save 28 percent of conventional toll booth collection system. Expected around 250 mil of saving yearly. MLFF operator only take less than 10 percent of the total collection as operator.
Yes cwc1981, the proposed MLFF will help to save some RM200 million of operating costs for highway concessionaires every year by doing away the various gantry systems by touch-n-go / Smart Tag / RFID by third parties. And there will be no impact to highway concessionaires in terms of toll collection as MLFF operator will collect the toll and pay back to highway concessionaries in 1 working day, no different from the current payment terms of touch-n-go.
The current resistance to MLFF mainly stems from the existing interest groups who operate the gantry systems who may tend to lose out on the lucrative contracts of over RM800 million a year. I have not seen any valid reason for the objection to MLFF system. Currently highway concessionaires mainly use the excuse that the MLFF operator has no prior experience in toll collection, that is a lame excuse. Did touch-n-go have any prior experience in toll collection before 1999 when it was introduced in highways? Did Smart Tag operator have any experience in toll collection before it was implemented in highways? Nonsense to me.
MLFF is the way forward to go for the country, as can be seen in other more advanced countries like Singapore where it is implemented so efficiently to minimise traffic congestion at toll collection plaza.
Hi @dragon328. Yes I also found us quite amusing that they use such a lame excuse saying no prior experience. I'm wondering who is the experienced one in Malaysia? Haha
@EquityJourneyman .... i think easily over the last 1 year, Yeoh family experienced the steepest increase in wealth far outweighing any other tycoon .... purely from ytl, ytlp, mcement, yland and ytl-r .... amazing story indeed .... hope its sustainable for us to piggy-back on :-)
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
xcu843
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Posted by xcu843 > 2024-06-25 12:15 | Report Abuse
Waiting at 3.