For period Sep13 to Sep23 [Source HLIB] Foreign funds sold net 105m of YTL and 42m of YTLPower Local institutions bought net 93m of YTL and 33m of YTLPower Hopefully the foreign funds who had bought cheap will be exhausting their selling. Some of the local institutions in the know may be buying if they know some development taking place.
It is great news that our Agong is in the picture. I hope he personally will put equity into the HSR project (to demonstrate confidence in the project) Also it is in the interest of the China to make it a showcase of their road and belt initiative. What more as KL-S'pore route is one of the busiest in the world. Where will Japan be now if they had not built the Shinkansen? Also see the rapid development taking place in China. Our economists & analysts all had a narrow mind and only count the dollar and sens and not look at the wider implications of the HSR project. Our Agong is more visionary. Hopefully one day we have a HSR stretching from Penang to S'pore, then we have a 'Silicon Peninsula'
HSR should be coming soon after President Xi expressed willingness for China companies to participate in the project. Whether or not YTL will get a portion of the mega project, MCement will be a big winner.
It is heartening to note that more than RM50 million would be saved from the acquisition due to appreciation in Ringgit . In other words, there is huge gain in foreign exchange if payment is made by converting from RM to SGD.
YTL already said no problem to fully find the HSR project, just give the bloody Letter of Award to YTL. Just 5 or 6 years of profit of the entire group profit. What is that? Zero risk to the Government.
wall street,nikkei n hang seng futures are spiking,it is unfortunate macc news have to resurfaced at this juncture,good luck to you all,better bet on sectors benefitting frm ringgit strength now...
YTL Communications’ parent company, YTL Power International Bhd, has maintained that the project, which ended on June 30, 2019, was certified by the education ministry as successfully completed at the end of the contract period.
Azam said MACC officers are looking into two main issues – the quality of the services provided to schools, and instances where data was not supplied to schools despite claims made.
YTL's continued silence and a couple more negative news will bring price to 2.10 then 1.90 then 1.60. Wiping out lots of capitalisation and therefor unable to qualify for major infrastructure projects. This company is then toast.
@klee, Anything to say to Mike-tikus who see ghost everywhere?
Repost from jaks forum jjohnchew Hoho ssleee yr ❤️Pokkai tin Kosong Huang had followed u to Yinson with aka id Klee, told his best lies that made 1000 % on Yinson C35 wow .. followed u ke made profit RM 250,000 on Insas WC !!🤣 26/09/2024 3:56 PM
*** The Haunt of Unsettled Alleged Scandal! *** Lingering recession fear in US! *** All eyes on how much 50 bps can do, is it too late! *** Historically, very dangerous (not immediately) after rate cuts.
*** "Bad" news for Bursa! *** Tides have turned: It's a sin not to pivot to Hang Seng! *** China unleashed hundreds of billions in stimulus packages, and more to come ! *** Chance of a lifetime!
I dont understand , how poor quality performance of the 1bistary have to do with corruption (Macc) ,? isn't the related dept have buy off the project successfully .if Macc clear the case, does it mean remaining payment claim must proceed.
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salman
1,582 posts
Posted by salman > 1 month ago | Report Abuse
SELL!!!