Posted by cwc1981 > 2 months ago | Report Abuse

No eye see liao coming Monday.

Posted by oks911 > 2 months ago | Report Abuse

Nasdaq laosai … Monday gg… another 15% drop at least … Haih…

Posted by xcu843 > 2 months ago | Report Abuse

The price already factor in last two days trading. Not much can go anymore. Remember this is not penny stock. This is very profitable and very bright future company.

Posted by faralenz77 > 2 months ago | Report Abuse

YTL is just unlucky.
Political play involved.
Got people red eyed when company earned a lot of money.
There are many other institutions or companies having same situation or even worse as pointed out by govt audit but quietly escaped because no body made reports to MACC.

Posted by Agjl > 2 months ago | Report Abuse

Faralenz.... u are right!!! Lots of red eyes incapable people and institutions. When u make lots of money in billion better dun announce and keep quiet cos many will wan to make u bankrupt..

Posted by treasurehunt > 2 months ago | Report Abuse

Being a blue eyes boy for decades. Time to pay back to opposite party.

Posted by speakup > 2 months ago | Report Abuse

No wonder profit so high. Rakyat money

Posted by treasurehunt > 2 months ago | Report Abuse

Pmx want to clean up the mess to restore foreign confidence?

Posted by treasurehunt > 2 months ago | Report Abuse

Pmx good aporoach to expose whales hidding in deep seas and government servants pay rise to gain popularity.

Posted by StarOfTheBull > 2 months ago | Report Abuse

Faralenz maybe right.
Nevertheless, we, as tax payers, citizens and investors (in equities), we don't care who or which companies are accused of misused of public funds. Investors would just dump the company shares involved in anti graft investigation and shift to other stocks.
We just want our hard earned money to be rightfully used for the benefits of all.

Posted by Willtolive > 2 months ago | Report Abuse

Did YTL make profit at tax payer's expense? Let MACC investigate

Posted by bsinvestor > 2 months ago | Report Abuse

if proven guilty, need to pay back? how much is the payback?

Posted by StarOfTheBull > 2 months ago | Report Abuse

Money paid by government to private companies for contracts are money collected from taxes and income from government linked companies and investments.

Posted by Willtolive > 2 months ago | Report Abuse

Gov should impose fines amounting to the contract amount plus punitive damage

Posted by treasurehunt > 2 months ago | Report Abuse

Pmx is smart to divert attention of rakyat. It won't be settled fast.

Posted by cwc1981 > 2 months ago | Report Abuse

In corruption case the penalty is 5 times the amount involved. If the amount mention in the news 2.7bil is proven false claim then the penalty is 13.5 bil

Posted by mushimushi > 2 months ago | Report Abuse

1bestari, 1mdb....can you see the pattern. All projects starts with One are operation "curi wang rakyat"? Any other government projects that starts with 1 that are problematic?

Posted by treasurehunt > 2 months ago | Report Abuse

It would blow up at YTL to keep opposition busy defending it...at least until GE la. kikiki

Posted by mushimushi > 2 months ago | Report Abuse

Penalty is 5 times the corrupted amount? Then YTL needs to sell his underwear also cannot repay the penalty.

Posted by Willtolive > 2 months ago | Report Abuse

KUALA LUMPUR (Sept 7): The government will continue to intensify efforts to ensure a stable country with a conducive and business-friendly ecosystem, said Prime Minister Datuk Seri Anwar Ibrahim.

He said the government's continuous measures to improve governance, fight corruption and focus on high-value investments are increasingly successful in creating high-income jobs for more people.

Posted by treasurehunt > 2 months ago | Report Abuse

Get back the money from corruption and leakage and hike the pay of government servants. Good cycle to boost domestic demand and strengthening RM.

Posted by dragon328 > 2 months ago | Report Abuse

YTL Comms has not made any money from the 1Bestarinet Project despite having spent RM4.0 billion in completing the project ahead of schedule. The last phase of the project, if the contract was not terminated half way, would have just involved the government paying YTL Comms for opex, i.e. broadband data usage and licensing of the learning software for the students, a relatively small amount of some RM10m for 5 years of usage after 2019.

Now the MACC is saying that the investigation so far found that the government has to bear claims worth RM176 million from YTL Comms but the claim information has yet to be confirmed by the government, other than telecommunication substation rental losses for a period of 5 years from 2019 that is estimated at RM10.8m.

This RM176m in claims has nothing to do with the RM2.7 billion in false claims which the FMT first highlighted which accused YTL Comms of receiving the RM2.7b for 1Bestarinet for doing nothing. There is no mention of this now by the MACC.

Posted by treasurehunt > 2 months ago | Report Abuse

It's either the opposite camp keep pmx busy with Ah Jib case or.... Kikiki

Posted by cwc1981 > 2 months ago | Report Abuse

Hi @dragon328. Not sure what is going on between YTL comm and the previous government on this 1bestari but is confirmed this project is total failure and the device that supplied really crapped. Those work in the government school will know

Posted by cwc1981 > 2 months ago | Report Abuse

Anyhow I still hope YTL able to go through this storm ahead

Posted by Agjl > 2 months ago | Report Abuse

Cwc1981…dun think this storm will be easy to ride thru especially this case is meant to nail somone for good…will take a while. Very unfortunate for ytl…

Posted by mf > 2 months ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

40,345.41

-410.34

1.00%

Nasdaq

NASDAQ Composite

16,690.83

-436.82

2.55%

Posted by Opulent > 2 months ago | Report Abuse

Best not to speculate about this rental thing until it is proven.

Posted by ChloeTai > 2 months ago | Report Abuse

YTL Comm mempunyai 2,700 menara komunikasi di sekolah-sekolah yang mengenakan hanya RM10 sebulan sedangkan sewa di pasaran harus RM2,000 sebulan. Lebih menghairakan, bil elektrik ditanggung oleh pihak sekolah dan YTL Comm boleh menggunakan menara komunikasi itu untuk tujuan komersial. Kes ini tidak memihak kepada YTL dan akan berlanjutan entah berapa lama.

Posted by mushimushi > 2 months ago | Report Abuse

@ChloeTai

YTL is so dead this time, having the schools to pay for YTL's infrastructure bills is an ongoing crime, stealing on broad daylight. I can't believe the government has let this go on for the last 10-15 years. No wonder, the country is in so much debt.

If the government won the case against YTL, they will be liable for 10s if billions of dollar.

Posted by speakup > 2 months ago | Report Abuse

HSR will give more opportunites for B40 to work in singapore
https://says.com/my/news/25-year-old-msian-finds-job-as-cleaner-in-singapore

Posted by $$ BUYSELL $$ > 2 months ago | Report Abuse

hope drop 20 points on monday.

Posted by Income > 2 months ago | Report Abuse

I go holiday from Ytl．I'll come here in Nov 2024.

Posted by Willtolive > 2 months ago | Report Abuse

smart money would sell off this stock for the reasons of ESG

Posted by dompeilee > 2 months ago | Report Abuse

A revered architectural wonder that lasted almost 860 years burned down in just a few hours:
https://www.youtube.com/watch?v=HSKjwyh8SrM

So can an empire that was built from scratch by the patriarch over the last 70 years?

Posted by Willtolive > 2 months ago | Report Abuse

talk is cheap. Just action, buy more if it can go up or sell more if can go down.

Posted by ChloeTai > 2 months ago | Report Abuse

6.9.2024
RSI: 28.1
Year to date rise: [(2.49 - 1.90) / 1.90] X 100 = 31%
YTL has not found its bottom, unlike Notion which has formed a bottom at 88 sen.

Posted by Willtolive > 2 months ago | Report Abuse

Chloe Tai, this counter is big and needs smart money to be involved. Ants like us, wait at the sidelines

Posted by Eagle77 > 2 months ago | Report Abuse

Full of corruption 0.70 ⬇️🩸 on the way ☠️☠️☠️

Posted by Eagle77 > 2 months ago | Report Abuse

Ini kali matilah ☠️☠️☠️🩸🩸🩸

Posted by StarOfTheBull > 2 months ago | Report Abuse

Jadi ke atau tak jadi?

https://www.bharian.com.my/berita/nasional/2024/08/1292299/hari-kebangsaan-persembahan-cuci-rasuah-jadi-tumpuan-pengunjung
Hari Kebangsaan: Persembahan 'Cuci Rasuah' jadi tumpuan, pengunjung teruja

Posted by keyman > 2 months ago | Report Abuse

Corruption not Corruption I dont know. For sure... The QR released before not trust able...
In doubt.... The ability to gain govt project... In doubt...
The credibility of the board.... In doubt....
Over all ESG.... In doubt....
Full of question mark.....

Posted by fx115w > 2 months ago | Report Abuse

危机就是转机。
i still think this is the gimmick to flush out
weak knees to allow local fund to buy in.
Once cleared, the share price will rocket.
Good that it happened now since US is
tumbling. Two bad news won’t hurt any further.

Posted by steven_c > 2 months ago | Report Abuse

Such a reputable company with much dark hidden and rotten business practices... Such a shameful revelation, YTL!

Posted by FAInvestor > 2 months ago | Report Abuse

It seem like Telekom Malaysia Bhd (KL:TM), Celcom Axiata Bhd — now
known as CelcomDigi Bhd
(KL:CDB), and Maxis Bhd
(KL:MAXIS) will be dragged into MACC investigation too.

Posted by BursaVulture > 2 months ago | Report Abuse

Biggest crony in Malaysia

https://www.malaysia-today.net/2015/12/20/if-you-still-think-1mdb-is-bad-news/

Quote from website:"The ERL (YTL KLIA Express) is a 30-year concession that will end in 2032. Under this 2002 concession agreement, RM5 from the airport tax for each KLIA international passenger has to be paid to ERL whether the passenger uses the ERL or not. Malaysia Airports Holdings Berhad (MAHB) has been paying this RM5 per person charge to ERL since April 2002."

Posted by BursaVulture > 2 months ago | Report Abuse

Go read about TNB and YTL IPP....

Posted by speakup > 2 months ago | Report Abuse

https://m.malaysiakini.com/news/718493
Go read the readers comments inside

Posted by StarOfTheBull > 2 months ago | Report Abuse

Besides Hadi Awang, PMX was co founder of ABIM.
https://www.abim.org.my/english/

Posted by Opulent > 2 months ago | Report Abuse

After MACC has whacked all those queried companies what is left in the Bursa market?