Posted by dragon328 > 2 months ago | Report Abuse

YTL fundamentals are strong with continued earnings growth in the next few years. The share price drop in past few days is mainly due to selling by short term traders after the good Q4 result announcement and short sellers targeting YTL and YTL Power shares after these 2 stocks have jumped up multiple times in past one year.

Making things worse is the expiry of two call warrants on YTL on 30 August, some funds estimate the potential share overhang from these 2 expiring call warrants may be over 30 million shares. Hopefully after the expiry of these call warrants and closure of more short positions by end of the month, we can see steady rise in YTL share price.

Posted by dragon328 > 2 months ago | Report Abuse

You can see Nvidia share price also suffered 7% drop in after-hour trading after it announced market-beating Q2 results. Naysayers and sell side analysts always can find excuses to play down on the record profit announced by YTL, YTL Power and Nvidia.

But I won't be distracted from such noise and will just hold onto my YTL and YTL Power shares to enjoy the earnings growth in next few years.

Posted by dragon328 > 2 months ago | Report Abuse

Amidst all this noise, foreign funds bought back RM20 million worth of YTL Power shares yesterday. I think there are always funds that find deep values in YTL and YTL Power.

Posted by SCM2023 > 2 months ago | Report Abuse

dragon328, where do you get the information?

Posted by facsc118 > 2 months ago | Report Abuse

wow idss at 2.91 ..........see who win

Posted by Cakes Moon > 2 months ago | Report Abuse

Dead cat rebounce to push KLSE for Merdeka?
Better stay away from downtrend stock, ppl is waiting to cut lost at the top~

Posted by dragon328 > 2 months ago | Report Abuse

@SCM2023, I got the data from HLIB who distributes a summary of fund flows every morning to its clients.

FYI, foreign funds bought another RM16m worth of YTL Power shares yesterday. And Net short positions on YTLP reduced to 14.3m shares yesterday.

With the call warrants expiring today, expect any final round of selling from call warrant issuers to end soon and short sellers will scramble to cover their short positions later today or early next week.

Posted by facsc118 > 2 months ago | Report Abuse

i bought in 2.79 wo

Posted by 100Mark > 2 months ago | Report Abuse

wow, nice catch, facsc118 🤑

Posted by paktua73 > 2 months ago |

Post removed.Why?

Posted by Vista99 > 2 months ago | Report Abuse

Rechallenge RM3 and above next week

Posted by KLV868 > 2 months ago | Report Abuse

Good Luck all believers.

Posted by facsc118 > 2 months ago | Report Abuse

buy buy buy

Posted by Agjl > 2 months ago | Report Abuse

Sold and take profits. Thanks. Good lucks comrades.

Posted by NatsukoMishima > 2 months ago | Report Abuse

Share price lagging , buy in dip !

Posted by Agjl > 2 months ago | Report Abuse

Jepun bro, better be a bit careful. uk recession, australis recession and lately hong kong 4 major property developer facing cash crunch and hanging with a thin line of insolvency. Its jus the begining in hong kong. More crunch time will come. Certain banks already recall loan top up and more banks will follow suit. When that happen, hk property market will take a hit and the effect will be contagious. Better be careful my fren. Take money when see money. I could be wrong. I m just out of good intention and not hoping to get cheap ticket. I have been a loyalist to ytl ytlp mcemet since May 2023. Cheers and good luck to all!

Posted by facsc118 > 2 months ago | Report Abuse

buy 3.01

Posted by cktay > 2 months ago | Report Abuse

Regarding what Dragon said, I checked with my remissier. They only provide data of foreign net fund flows (individual stocks) for the top 10 counter only.
Last Thursday, foreign funds bought net YTL 21m and net YTLPower 16m.
On Friday, they bought net YTLPower 20m.
Looks like they are reversing what they have been doing the past few weeks.
I believe the stock prices may co-relate with whether foreign funds are buying (or not and what they are rotating into or out)
We have to continue monitor them closely.
I also wonder how bursa determines who have the privilege of seeing the daily raw data of transactions.
Isn’t it great to know what Warren Buffet is buying or selling in advance of announcements.

Posted by cktay > 2 months ago | Report Abuse

For monthly Net trades, Foreign funds bought/(sold)
Jan 2024 679
Feb 2024 1,322
Mar 2024 (2.875)
Apr 2024 (1,376)
May2024 1,484
June 2024 (62)
July 2024 1,319
Aug 2024 2.552
Year to date (RMm) 3,043

Posted by cktay > 2 months ago | Report Abuse

Also note the co-relation FDI / Bursa and the RINGGIT uptrend.
We pray for a bull-run never seen by many (the lost decades)

Posted by PalaniR > 2 months ago | Report Abuse

Back to RM3 level. YTL's momentum is coming back

Posted by 100Mark > 2 months ago | Report Abuse

ESOS is still ongoing ... Better don't give too much hope

Posted by facsc118 > 2 months ago | Report Abuse

ESOS of coz more to come. ESOS implemented in year 2020. 10% on total share issued at that time . 10b share x 10% = 1b. 1b share esos for employee include all director. spanning across 5 year. every year 20%. 1b x 20% .....200million shares every year from 2024. so every month sure have la. why price so low ?. because at that point of Esos implement, the market price only 0.68 plus....... only 10% discount given. After Esos had implemented, price fly high. So, want to blamed company issued Esos at low price ??

Posted by cktay > 2 months ago | Report Abuse

Yesterday Foreign funds sold net 11m of YTL and 9m of YTLPower
Local retailers sold net 3m of YTL and 10m of YTLPower
But local institutions bought 14m of YTL and 21m of YTLPower
Guess there are different clients in the foreign funds group.
Recall when UBS took over Credit Suisse, their total holding of YTL for their various clients went above 5%.
So some clients who bought cheap may want to lock in their profits
while some are only starting to accumulate.
Whatever, rotation of stocks are going on;
Local institutions sold a massive 44m of PBB and 43m of MBB yesterday
and Foreign funds sold 23m of CIMB
But overall, Foreign funds still bought a net of 57m yesterday

Posted by dragon328 > 2 months ago | Report Abuse

Foreign funds turned sellers of YTL Power yesterday with a net sale of RM9m worth of shares, as cktay highlighted above.

Foreign funds' holdings in YTL Power dropped to a low of about 30 million shares last week, a big drop from the peak holdings of close to 400 million shares in Jan-Feb 2024. I suppose this 30m shares is sort of the minimum hold by some of the foreign funds who opt for longer term holds or who use it as hedge for their call warrant issuance.

This also shows that local institutional funds have collected over 300 million shares of YTL Power in past 2-3 months, and the average price is likely to be around RM4.00. Local institutional funds like EPF are likely to be long term investors, unlike foreign funds typically in and out within 4-6 months.

With early signs of foreign funds gaining re-entry into YTL Power, and local institutional funds likely not selling at current prices which are about their average entry price, YTL Power share price may see good upsides when there is some good news that attracts more foreign funds to come in.

Posted by dragon328 > 2 months ago | Report Abuse

Other positive developments for YTL are:

1) Strengthening ringgit will be a massive re-rating factor for MCement (in which YTL owns 73% stakes), as the bulk of its costs (particularly coal prices) is denominated in US dollars. With its revenue mostly in ringgit, weakening US dollars will reduce its operating costs tremendously and increase its profits. A simple calculation shows that a 10% strengthening in ringgit against US dollars will reduce MCement operating costs by about RM200 million a year (estimated based on total costs of goods sold of RM2.5b a year, 80% denominated in US dollars).

2) Market expectation is for MRT3 project to be revived soon and be included into 2025 budget of the government. Recall that YTL was the lowest bidder for one of the packages at slightly below RM11 billion. YTL will be in a strong position to win a portion of MRT3 project when revived.

Posted by Gudetamasan > 2 months ago | Report Abuse

Safe to buy ?

Posted by facsc118 > 2 months ago | Report Abuse

Eastern Prestech - Malaysia Subsidiary of NSL Ltd is company involved in building data center oh

Posted by cktay > 2 months ago | Report Abuse

Hi Dragon,
“Foreign funds' holdings in YTL Power dropped to a low of about 30 million shares last week, a big drop from the peak holdings of close to 400 million shares in Jan-Feb 2024”,
This again is eye-popping for me.
Dragon, where did you get these figures?
As I know, companies only release their foreign ownership data periodically, in compliance to the foreign share ownership rules, the work of their company secretary.
But tracking foreign ownership on a daily basis is something else.
I guess CDS have all the data, but someone has to total all the foreign CDS accounts everyday.
Taking these figures as correct, foreign funds holding of only 30 million shares only means they are extremely severely under-invested in YTL / YTLPower, both which are component stock on Bursa.
“… local institutional funds have collected over 300 million shares of YTL Power in past 2-3 months, and the average price is likely to be around RM4.00”
This is indeed good news!
Means that nearly the foreign “stale bulls” are nearly exhausted!
And the new benchmark is RM4
But to me, it also means the “local institutions” does not include the EPF as EPF have yet to notify of changes in their shareholdings.

Posted by Vista99 > 2 months ago | Report Abuse

@Gudetamasan. Advisable to buy when it retraces to below RM3 ...

Posted by dragon328 > 2 months ago | Report Abuse

@cktay, Maybank research publishes a monthly report on fund flows which summarises the top 20 buy / sell counters of foreign funds for the prior month. HLIB sends around the daily fund flows data that summarises the top 10 buy / sell counters by foreign funds, local institutional funds and local retailers. I believe both research houses get the data from Bursa, just they choose to publish it differently.

I have been tracking the funds movements in YTL, YTL Power and IOIPG since early 2024. I have all the monthly reports from Maybank. If you are interested, can pm me.

Posted by SCM2023 > 2 months ago | Report Abuse

dragon328, can briefly tell us what is the buying or selling behavior of foreign fund in YTL?

Posted by dragon328 > 2 months ago | Report Abuse

@SCM2023, I cannot speak for foreign funds and don't claim to understand fully their recent moves. But typically foreign funds are in and out within 4-6 months, they bought in big on YTL in Jan-Mar 2024 with total purchase of over RM850 million. Foreign funds had been selling YTL shares since May 24 and have almost sold off their entire holdings in YTL within 4 months.

Maybank latest fund flows report this morning shows that foreign funds sold a total of RM190m worth of YTL shares in the month of August, effectively bringing down their holdings in YTL to zero. So we will not see much selling on YTL from foreign funds going forward.

Foreign funds sold a net RM231m worth of YTL Power shares in the month of August, bringing their net holdings in YTLP to about RM60 million only as of 30 August 2024. But they bought back some RM16m of YTLP shares last Thursday and RM20m last Friday, then net sold RM9m on Monday.

I guess foreign funds will maintain holding about 30 million shares in YTL Power in near term, and hence selling by foreign funds on YTL Power will ease off substantially going forward.

Posted by dragon328 > 2 months ago | Report Abuse

Foreign funds are ahead of us in their actions in many cases, just like they bought in big on YTL and YTL Power in Jan 2024, right after YTL Power announced the tie-up with Nvidia in Dec 2023. They started selling down on YTL and YTL Power in early May 24 after the share price of both counters had jumped up by 100% since early Jan 2024. That might be just profit taking after gaining 100% in 4 months.

Foreign funds not only sold down on YTL/YTLP, they also sold down on property counters like SPSetia and Eco World in July-August after buying big in early Jan 24. They switched from some property counters to big cap construction stocks like Gamuda and IJM, but have since also sold down these construction stocks.

They found new targets in banking stocks in July then Tenaga in August, all blue chips liquid enough for foreign funds to park their money after selling off YTL/YTLP, property and construction counters.

Right now, foreign funds are still buying big on Tenaga after it released a good set of results end of August. They have switched bank stocks from CIMB to Public Bank and Maybank. I expect their buying in Tenaga and bank stocks to taper off in coming weeks, as they sense not much upside to be derived as local funds and local retailers are selling big time to them. for instance, local funds net sold a total of RM172 million worth of Tenaga and local retailers net sold RM14m of Tenaga yesterday while foreign funds net bought RM184m.

It looks like typical rotational plays by foreign funds when they come into Bursa. Soon I expect foreign funds to buy back on YTL and YTL Power after paring down their holdings to the minimum, as both companies continue to announce strong profits in next few quarters.

And I suspect retails counters may be the next targets of foreign funds, as 99 Speed Mart will be listed next Monday and consumer spending is expected to rise after massive amounts of funds were withdrawn to the Third Account of EPF and PMX announced big pay rise for civil servants.

Posted by dragon328 > 2 months ago | Report Abuse

Bursa latest data shows that the net short positions on YTL and YTL Power have both reduced to zero yesterday, meaning that short sellers closed all their short positions on these two counters with buying of over 13 million shares of YTL Power yesterday and over 12 million shares of YTL on 28 August.

That reinforces my earlier projection that short positions on YTL and YTLP would be closed out after the Q4 FY24 results.

Posted by cktay > 2 months ago | Report Abuse

Hi Dragon. Yes I am interested to have a look at the interesting data you have.
But how do I pm you? Sorry I am not that tech savvy.

Posted by dragon328 > 2 months ago | Report Abuse

Correction, the net short positions on YTL and YTLP may not have come to zero, but are less than 0.1% of their respective paid-up share base, i.e. net short positions on YTL have reduced to below 11 million shares and NSP on YTLP has reduced to below 8.2 million shares as of yesterday.

Posted by dragon328 > 2 months ago | Report Abuse

@cktay, you can pm me using i3 messenger. Let me try to find you there

Posted by SCM2023 > 2 months ago | Report Abuse

dragon328, thanks for you information and explanation.

Posted by modestos > 2 months ago | Report Abuse

https://www.facebook.com/share/jEWXtMgN4HYRLpgG/?mibextid=WC7FNe

Posted by modestos > 2 months ago | Report Abuse

Brace for tomorrow

Posted by cwc1981 > 2 months ago | Report Abuse

Is this the reason previously keep dropping?

Posted by questra > 2 months ago | Report Abuse

tomorrow limit down confirm

Posted by BlackQ > 2 months ago | Report Abuse

Price in already (-30%), tomorrow will be a good day…

Posted by KCK888 > 2 months ago | Report Abuse

Jialat ...

Posted by BlackQ > 2 months ago | Report Abuse

So, today used RM75,000,000 to brace the share price of RM3.

Posted by BlackQ > 2 months ago | Report Abuse

If survive, after tomorrow will be high fly…..

Posted by BlackQ > 2 months ago | Report Abuse

Tomorrow don’t miss the good show.

Posted by BlackQ > 2 months ago | Report Abuse

But how to hold the Limit down……

Posted by ChloeTai > 2 months ago | Report Abuse

VLE Frog is no longer is use. Just like Geometer's Sketchpad and graphic calculators (all are dumped). In VLE Frog, all teachers and students are given a password and teachers are supposed to assign exercises to students using this VLE Frog 10 years ago. Now teachers use GEOGEBRA. After more than 10 years, now only investigate of possible rasuah.