Posted by BlackQ > 2 months ago | Report Abuse

Will you sell YTL in RM2.1?

Posted by dragon328 > 2 months ago | Report Abuse

MACC has recently requested information from YTL Comms in respect of the 1Bestarinet Project. There was no raid in the office, YTL Comms is providing full cooperation to MACC on this matter.

This is an old project which was awarded to YTL Comms in 2011 by the Ministry of Education in an open tender. YTL Comms was selected as being the most technically compliant and most cost-effective bid.

There was nothing wrong on YTL part and YTL has seen such allegation before.

I think short sellers were using this news to benefit by betting lots of shorts on YTL Power in past 2 weeks, but more than 5 million shares of shorts were closed out yesterday. The remaining shorts, estimated to be less than 8 million shares should be using this headline news to close out tomorrow.

Posted by MG9231 > 2 months ago | Report Abuse

This move is targeted Mahathir by forcing YTLpower discloses how it secured its privatisation of electric supply from TNB at a lopsided price even though its Chairman total objected such deal, but bulldozed by Mahathir when he was the PM.

Posted by modestos > 2 months ago | Report Abuse

looks like it will discredit its ability in future for any government jobs

Posted by cwc1981 > 2 months ago | Report Abuse

https://youtu.be/BvQK0lyXvLQ?si=duPNBD493bl0muXq

Posted by TomyamGong > 2 months ago | Report Abuse

Funds started switch to property sector.

Matrix , KSL , WMG . Let's go !!

Posted by 100Mark > 2 months ago | Report Abuse

YTL also has property business 😁

Posted by izoklse > 2 months ago | Report Abuse

is YTL on hot sup related to latest MACC raid to Government Agencies related to Bistari Net project.

Posted by xcu843 > 2 months ago | Report Abuse

I think more impact to Ytl power bcos it own 60% of Ytl comm share. Ytl corp will slightly impact by this news.

Posted by modestos > 2 months ago | Report Abuse

same ytl corp owns majority of ytl power

Posted by modestos > 2 months ago | Report Abuse

dominoes

Posted by MyWay > 2 months ago | Report Abuse

1Bestarinet Project: YTL Power Confirms MACC Investigation On YTL Comms
https://www.bernama.com/en/news.php?id=2336993

Posted by instaRgram > 2 months ago | Report Abuse

Posted by MyWay > Sep 5, 2024 2:36 AM | Report Abuse

1Bestarinet Project: YTL Power Confirms MACC Investigation On YTL Comms
https://www.bernama.com/en/news.php?id=2336993


?

How? Any evidence?

Posted by SCM2023 > 2 months ago | Report Abuse

While an investigation may initially raise concerns, it's unlikely to significantly impact the company's earnings. This presents a potential buying opportunity rather than a reason to sell.

Posted by Mar2083 > 2 months ago | Report Abuse

Potentially may down trend today
Watch out

Posted by jhleo1 > 2 months ago | Report Abuse

Wow red...

Posted by icecool > 2 months ago | Report Abuse

mega sale ?

Posted by sampooler > 2 months ago | Report Abuse

becareful.... this ctr gone.. dont think of other gov project anymore..

https://www.bernama.com/en/crime_courts/news.php?id=2336885

Posted by MaxGainz > 2 months ago | Report Abuse

red and will go down and down

Posted by MaxGainz > 2 months ago | Report Abuse

Impressed with the company’s consistent performance to go more undervalued

Posted by 5354_ > 2 months ago | Report Abuse

1Bestarinet sudah corrupt how about HSR which YTL want to bid?

Posted by cktay > 2 months ago | Report Abuse

Yesterday, local institutions bought 7m YTL and 6m YTLPower.
Retailers sold 4m YTLPower and 2m YTL
Foreign funds not mentioned because not in top 10 buy/sell positions.
Foreign funds still busy buying Tenaga, PBB, CIMB etc
Overall they bought net 286m of stocks on Bursa yesterday
It will be interesting tomorrow to see what they do today

Posted by sampooler > 2 months ago | Report Abuse

also forget abt mlff project

Posted by cwc1981 > 2 months ago | Report Abuse

Just the beginning. Later will have more updates come out. Haizzzz

Posted by Agjl > 2 months ago | Report Abuse

Like i said this morning, buying suport cant hold much longer. Even though one only guilty onky when it is proven. But with a case lingering and uncertainty people will just sell first….like it or not it always happen that way as o have witnesses in my past 35 years of trading…..sad but just have to face the trend….no doubt its a good and strong company but…..

Posted by Agjl > 2 months ago | Report Abuse

If this case not settle in the bear term in an amicable way, i foresee ytl chances of taking part in the HSR project will get thinner by the day….reputation is tainted now in the open public if not have a rescue plan will be tough going forward….sad but its true….happy trading

Posted by Santiago > 2 months ago | Report Abuse

Free Falllllllllll!!!!!

Posted by dtlp16 > 2 months ago | Report Abuse

Bloodbath out there.

Posted by speakup > 2 months ago | Report Abuse

Due to macc investigation, ytl can wave bye bye to the lucrative HSR already

Posted by Magic888 > 2 months ago | Report Abuse

I think most of the people get it wrong right now. This "investigation" makes YTL even more attractive for contracts. Insider will know what I mean. Also the HSR project is not an offer from the government, but a search for a company who is willing and strong enough to invest in such a project. The drop today is a super opportunity to get a big reload. I wouldn't mind if it goes down a bit further. Its nice to have time to see an investment in YTL grows over time. I can wait...Good luck to all current sellers and I hope you don't regret. Cheers

Posted by ov123 > 2 months ago | Report Abuse

This is just the start. Go and watch the Mazlee video.

Posted by questra > 2 months ago | Report Abuse

haha ok dont justify ur losing position lol go reload more urself

Posted by Faiza > 2 months ago | Report Abuse

how many kids actually used ibestarinet at school? mine, none.
serve what purpose? total waste of national funds

Posted by questra > 2 months ago | Report Abuse

it was not meant to be usable! have u even seen the laptop, whatever YTL provided as "laptop" was a total scam to the whole country and its future!

Posted by 100Mark > 2 months ago | Report Abuse

YTL gave out that laptop for free that time ?

Posted by duatlai > 2 months ago | Report Abuse

Waiting

Posted by ValueInvestor888 > 2 months ago | Report Abuse

drop 10%... my fingers itchy....

Posted by cwc1981 > 2 months ago | Report Abuse

Careful

Posted by Income > 2 months ago | Report Abuse

Ytl is it doing wrong to Pmx?

Posted by Income > 2 months ago | Report Abuse

Taukeh will secretly SELL??? I am scared

Posted by GlobalEquity > 2 months ago | Report Abuse

The investigation amount "False details on claims" of RM2.7 billions is a huge amount!

We can't be sure there will not be further bombshells!

Posted by SCM2023 > 2 months ago | Report Abuse

I believe the authority is more focused on holding individuals accountable rather than penalizing YTL

Posted by Daim88 > 2 months ago | Report Abuse

MACC raids YTL Communications in probe on 1BestariNet project
https://youtu.be/BvQK0lyXvLQ

Music stopped, party over, better run fast!

All Dr M era crooks are about to go down, RCI, Final deadline for assets declaration etc, all will happen in the month of September, I think the curse of stock market crashing in the month of September is coming to reality.

Posted by YDPChairman > 2 months ago | Report Abuse

Blood letting today, bought some at 2.75 , exciting counter to trade, large turnover and volatile

Posted by GlobalEquity > 2 months ago | Report Abuse

Another 10% down to RM2.70, unbelievable!

Wiped out gains since five months ago!

The amount of RM2.7 billions is just too big to ignore!

MACC is no nonsense nowadays!

More exciting news ahead!

Posted by cwc1981 > 2 months ago | Report Abuse

If more negative news come out, no eye see

Posted by xcu843 > 2 months ago | Report Abuse

Why YTL share drop percentage than YTL power? But this case Ytl comm directly under YTL power. why?

Posted by dompeilee > 2 months ago | Report Abuse

Stock: [YTL]: YTL CORPORATION BHD

2 weeks ago

dompeilee

SOLD 1 lot more of YTL @ 3.46 & SWITCHed to CelcomDigi @ 3.52

...

WoW...Didn't expect my timing today to be so spot on! Nor the timing for selling YTLP @ 4.46 on 13th Aug!!

Stock: [YTL]: YTL CORPORATION BHD

2 weeks ago

Don't anyhow catch falling knife hor...those who bought @ the last peak in early '12 had to wait more than 12 years to breakeven! YTLPowr even worse...those who bought the '07 peak had to wait 17 years to recoup their losses!




Don't be the one forced to hold >10yrs to breakeven hor?

Posted by dompeilee > 2 months ago | Report Abuse

Need bigger impairment & to pay much more damages than in 2017?

https://www.youtube.com/watch?v=aKyUAaAEcyY

Posted by PalaniR > 2 months ago | Report Abuse

It will rebound tomorrow 📣