Posted by paktua73 > 2024-07-22 11:42 |

Post removed.Why?

Posted by Ron90 > 2024-07-22 11:46 | Report Abuse

grab je la paktua at 46. I think market already start to turn around from the knee jerk reaction

Posted by EquityJourneyman > 2024-07-22 11:47 | Report Abuse

Monitor 1st ... Market is so uncertain

Posted by cwc1981 > 2024-07-22 13:04 | Report Abuse

Genting M maybe get replace by Gamuda. Hope YTL don't end up the same. Haizz

Posted by dragon328 > 2024-07-22 14:24 | Report Abuse

There seems to be rotational plays in blue chip counters by foreign funds.

Having bought Gamuda and IJM in a big way in June 2024, foreign funds started selling Gamuda by dumping RM16 million worth of Gamuda shares last Friday and RM50 million worth of Gamuda shares last Thursday.

Foreign funds bought in a total of RM16 million worth of YTL Power shares and RM13 millon worth of YTL shares last Friday.

Posted by dragon328 > 2024-07-22 14:24 | Report Abuse

My posts may be removed by i3 admin anytime soon, for reasons unknown to me.

So please pm me if you need such info.

Posted by cwc1981 > 2024-07-22 14:40 | Report Abuse

Thanks dragon 328

Posted by cwc1981 > 2024-07-22 16:09 | Report Abuse

Really need to have new project only can save the days

Posted by 100Mark > 2024-07-22 17:55 | Report Abuse

LOL, how to pm you, dragon328 ?

Posted by raymondroy > 2024-07-22 18:03 | Report Abuse

yup2 how to PM you, dragon328? soon this forum will be taken up by ular and his spammer geng....

Posted by Kicapmanis > 2024-07-22 18:16 | Report Abuse

All info already given by draagon i think. Just collect and hold if the price is right.. fundamentals for both ytl and ytlp intact..in longer timeline i only see the revenue increased along the PAT

Posted by MYOCBC > 2024-07-23 00:40 | Report Abuse

@dragon328, how to pm you?

Posted by dragon328 > 2024-07-23 09:29 | Report Abuse

Foreign funds continued selling Gamuda (RM11 million sale value) and IJM (RM7 million) yesterday. They turned sellers of YTL Power as well at RM8 million yesterday. Foreign funds were not the main sellers of YTL shares yesterday but local institutional funds at RM12m yesterday.

But net buys from local institutional funds (RM12 million) and local retailers (RM12 million) in YTL Power were more than enough to offset the sell down by foreign funds, but these local funds and retailers tend to accumulate on weakness, and not pushing share price higher.

As statistics shows, foreign funds selling on YTL Power and YTL is abating as they have offloaded more than half of their earlier purchases in Jan-Mar 2024 with heavy selling of RM231m worth of YTLP shares in June 24 alone, and estimated selling of RM50m so far in July 24. Estimated holdings by foreign funds are estimated to have come down to RM430m for YTL Power and RM100m for YTL, which should be able to be adsorbed by local institutional funds for long term investment holdings once these hot foreign money decides to quit.

Posted by dragon328 > 2024-07-23 09:30 | Report Abuse

@raymondroy & MYOCBC, you can go to i3 messenger and look for my user name and add me to your chat list, then we can pm there

Posted by dmyap327 > 2024-07-23 10:24 | Report Abuse

hi dragon328 i oso want to join tq

Posted by cwc1981 > 2024-07-23 10:26 | Report Abuse

Hope today can close above 3.6 to sustain for uptrend

Posted by cwc1981 > 2024-07-23 10:35 | Report Abuse

Looking at the queue selling pressure is higher than buyer

Posted by MYOCBC > 2024-07-23 10:50 | Report Abuse

@dragon328
Thank you very much

Posted by winnie winniefoo > 2024-07-23 15:07 | Report Abuse

how to go i3 messenger pls assist me.

Posted by paktua73 > 2024-07-23 16:31 |

Post removed.Why?

Posted by sasword > 2024-07-23 16:52 |

Post removed.Why?

Posted by cwc1981 > 2024-07-23 16:59 | Report Abuse

Strong rebound today. Final quarter result should be very good?

Posted by cwc1981 > 2024-07-23 20:17 | Report Abuse

Wow YTL Corp expanding to Singapore also by acquire NSL group

Posted by cwc1981 > 2024-07-23 20:18 | Report Abuse

NSL specialise in precast concrete and chemical treatment for Marine

Posted by cwc1981 > 2024-07-23 20:27 | Report Abuse

NSL Group is also a building material supplier and manufacturer

Posted by cwc1981 > 2024-07-23 20:36 | Report Abuse

Can YTL Corp gained market share in Construction Industry through NSL Group like YTL power in Utilities?

Posted by cwc1981 > 2024-07-23 21:07 | Report Abuse

Preparing HSR from Singapore side?

Posted by dragon328 > 2024-07-23 21:19 | Report Abuse

It looks like a good deal to YTL in the acquisition of NSL Singapore. That will help YTL to expand its cement and precast concrete business markets to Singapore, Dubai and Finland.

The acquisition price is at a discount of about 20% to book value, but there is no info on NSL earnings.

This acquisition will help YTL to bid for construction projects in Singapore, Dubai and UK area. Particularly in the UK, YTL is doing the construction work for Wessex's massive capex programmes of GBP3.5 billion in 2025-2030, as well as Brabazon property projects worth GBP1.3 billion over next few years. These 2 projects will contribute almost RM29 billion of construction order book to YTL Group in the UK alone.

Posted by redhotpepper > 2024-07-23 21:42 | Report Abuse

Nice one @dragon328. Thanks

Posted by 100Mark > 2024-07-23 22:09 | Report Abuse

dragon328 is huat during the year of the dragon 😁

Posted by beginner888 > 2024-07-23 22:38 | Report Abuse

https://www.nsl.com.sg/investor-relations/5-year-financial-summary

Posted by raymondroy > 2024-07-23 23:30 | Report Abuse

holy cow !!! nsl is a loss making company with S$15.5m loss in 2023 but made profits of 6.4m and 13.9m in 2021 and 2022 respectively. It also has low reserves at S$80m with share cap at S$193m. Reserves have been reducing from 300m in 2020 to 80m in 2023, which is a little alarming, but icing on cake is that it has group net cash holding of S$103m, which is about RM482m, of which ytl paid RM792 for 81% which is RM641m.... thats fin data in a nutshell..... i dont think market will take this lightly...... errrr :-) cheers

Posted by cwc1981 > 2024-07-24 06:05 | Report Abuse

If NSL is a super profit company who want to sell? It depends on the new owner how to turn lost into profit making company. Important is the business within the group able to create synergies for the new owner

Posted by dragon328 > 2024-07-24 08:58 | Report Abuse

NSL was profitable in 2023 if not for an impairment loss, excluding that NSL made a net profit of S$16 million. And it had a net cash of S$103m, minus out net cash, the net acquisition price of (S$280m - S$103m)= S$177m actually values NSL at just 11x PER.

Posted by dragon328 > 2024-07-24 09:12 | Report Abuse

NSL is the leading supplier of precast concrete components in Singapore. The prospects for NSL are bright as there will be mega construction projects taking off in Singapore in near term:
1) Changi Terminal 5 - S$10b
2) Integrated Resorts (Marina Bay Sands and Sentosa) expansion - S$9b
3) Tuas mega port - S$20b
4) MRT projects - S$57b
5) various new data centre work in Singapore and Johor - RM30-40b (YTL Power's data centre jobs alone will contribute over RM20 billion of internal construction orderbook to YTL)

Posted by cwc1981 > 2024-07-24 09:15 | Report Abuse

yup @dragon328. with this acquisition definitely will benefits YTL's data center and power plant beside venturing into construction project in Singapore, Dubai

Posted by Ravetidus > 2024-07-24 09:19 | Report Abuse

i think the acquisition will bring synergy to both companies in the long run

Posted by dragon328 > 2024-07-24 09:41 | Report Abuse

Unfortunately the market seems to be having the typical sell-on-news attitude without looking at the long term merits and synergies of NSL to YTL group.

Most just focus on short term issues like a headline loss making NSL in 2023 and increased gearing for YTL.

I would look beyond these short term glitches.

Posted by cwc1981 > 2024-07-24 09:49 | Report Abuse

Car is the same just see who is the driver. If this is super cash cow company who want to sell? Most important is the new driver able utilise and benefits

Posted by Ravetidus > 2024-07-24 09:51 | Report Abuse

@dragon328, this is normal, some investors have different risk tolerance and might not like the acquisition, so they sell their holdings, it's all good, it is important to note also the PBU business for NSL in Finland is not doing so well, so that might be one of their reasons to sell

Posted by Ravetidus > 2024-07-24 09:54 | Report Abuse

@cwc1981, NSL does seem to be getting ready to sell to potential buyers, in FY2023, they declared huge dividends to shareholders and also spring cleaning (heavy impairments)

Posted by cwc1981 > 2024-07-24 10:02 | Report Abuse

@ravetidus I fully agreed with you. Of course whoever want to sell off property definitely will remove all the valuable items in the premises unless the new buyer intent to pay for everything

Posted by GungHo123 > 2024-07-24 10:07 | Report Abuse

The NSL acquisition appeared to be another strategic move by the YTL group. Lets see what the IBs assessment later.

Posted by Jesse1314 > 2024-07-24 10:15 | Report Abuse

This NSL acquisition for me is like a repeat of MCement...

Lafarge was loss making due to the inefficiency of the entire Lafarge operations...

I had a friend who worked in Lafarge before and shared to me everyday she was asked to analyze how YTLCement at that time was not suffering as they were...

When she got absorbed into YTLCement after the merger, she got the answer. It is cost control... Sometimes companies after operating for too long tend to get into the comfort zone...

Posted by paktua73 > 2024-07-24 10:52 |

Post removed.Why?

Posted by dragon328 > 2024-07-24 11:30 | Report Abuse

@Ravetidus, the prefab bathroom unit (PBU) of NSL in Finland may not be doing as well as expected, but still the note says that NSL expanded its Finland capacity from 7,000 units to 10,000 PBUs per annum in 2023. That may be timely to meet internal demands as YTLPower's property unit in the UK is developing the largest township in Brabazon and on track to deliver 6,500 new homes there in next few years. That will add demands for 20,000 PBUs assuming each new home has 3 bathrooms.

Posted by dragon328 > 2024-07-24 14:35 | Report Abuse

According to latest data, foreign funds net bought a total of RM12 million worth of YTL shares and RM10 million worth of YTL Power shares yesterday. Local funds also net bought a total of RM15 million worth of YTL Power shares yesterday, hence the rally in share price yesterday.

The past few days of data shows that foreign funds are mixed / divided in YTL and YTL Power, some are taking profits, others are buying. Or some funds take profit on price strength and buy back on price weakness.

As YTL Power is very cheap at 11x PER for a large utility and AI play, despite the 7x increase in share price in one year, it makes the decision to buy or to take profit on YTL Power rather difficult to fund managers. Hence I do not expect foreign funds selling on YTL and YTL Power to be significant in next few months, after trimming more than half of their holdings in May and June 2024.

Posted by cwc1981 > 2024-07-24 14:58 | Report Abuse

https://www.freemalaysiatoday.com/category/business/2024/07/24/analyst-upbeat-on-ytl-corp-amid-nsl-acquisition/

Posted by cwc1981 > 2024-07-24 14:58 | Report Abuse

TP RM4.19

Posted by dragon328 > 2024-07-24 15:06 | Report Abuse

Dear paktua73, thank you so much for your effort to promote my blog and to get so many new followers, but I see that many of my posts now in YTL and YTL Power forum get to stay and have not been removed since yesterday, and I don't aim to be having the most followers in i3.

But I will keep fighting the naysayers who got my posts removed, by continuously posting impartial comments on the stocks I cover. Only if my posts get removed again, then fellow investors may pm me for any info you require.

Thank you