Posted by chon99 > 2024-05-15 07:26 | Report Abuse

Interesting news from Raymond Tiruchelvam above.

Posted by chon99 > 2024-05-15 07:37 | Report Abuse

Nvidia price closed at USD913.56 on 14-05-2024 (unbelievable but is true).
Could YTLPOWER joint venture in chip manufacturing with the leading technology from Nvidia ??? Then...........???

Posted by OnTime > 2024-05-15 08:00 | Report Abuse

i'd rather believe ytlp getting into nuclear power generation than chip manufacturing.

Posted by Apple888 > 2024-05-15 08:24 | Report Abuse

Ytl power limit up!!!
Rm6

Posted by jeffchan1901 > 2024-05-15 08:26 | Report Abuse

@Raymond Thank you for the 2009 Forbes article. Really gives me an idea on what TS vision and direction. Based on said article, looks like he almost always invest in good businesses and not withstanding any external surprises, our investment into YTLP is likely a sound one for many more years to come.

He is nearing 70 years of age, hopefully he can continue to helm the empire for many years to come too.

Posted by star899 > 2024-05-15 08:27 | Report Abuse

Also interesting idea from OnTime.

Posted by 2721 > 2024-05-15 09:07 | Report Abuse

No highest, only higher, unstoppable

Posted by calvintaneng > 2024-05-15 09:24 | Report Abuse

DATA CENTERS Are For STORAGE Of DATA. And That Is Why Lots Of HDD From JCY, NOTION & DUFU Will Be Needed.


https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-05-15-story-h-161671538-DATA_CENTERS_Are_For_STORAGE_Of_DATA_And_That_Is_Why_Lots_Of_HDD_From_J

Posted by MrFox > 2024-05-15 09:41 | Report Abuse

Believe me

Believe me I can fly
Higher and higher!

Believe me I wont disappoint you
As I am REAL

Believe me! Believe me!
I’ll give the best of mine till the end of the time

haha

Posted by NatsukoMishima > 2024-05-15 10:47 | Report Abuse

Buy ytl brothers , ranhill , vstecs can survive long term


Buy glove stocks only to be cut vege later !

Posted by Agjl > 2024-05-15 10:56 | Report Abuse

Today punters all go to gloves. Like the saying, all dogs 🐕 have its day. Today its gloves day.

Posted by MOBAjobg > 2024-05-15 10:56 | Report Abuse

Wow !, Its stock price has spiked from about rm4 a few months ago and surpassed rm5, currently.
Glad that I’m still holding the shares tightly perhaps, until rm7+.

Posted by Agjl > 2024-05-15 11:36 | Report Abuse

Looks like top glove will go for limit up today! Happy for those who punt

Posted by ltlim74 > 2024-05-15 13:35 | Report Abuse

The spike in glove stocks is short term due to increased tariffs for gloves imported from China into US. The key question is whether the demand will outstrip supply anytime soon.

Posted by MrFox > 2024-05-15 13:42 | Report Abuse

anyway pray for those who suffered heavy loss previously!
even tho i have noglove stock!

Posted by Agjl > 2024-05-15 13:42 | Report Abuse

Gloves good for short term punting.. ytl and ytlp is for longer term investment.. moreover the tariff will only benefit msian glove maker 2 years down the road when higher tariffs imposed to benefits msian

Posted by beinvested > 2024-05-15 14:46 | Report Abuse

QR ended on 31 MAR 2024 will be announced next week.

Appreciation of the value for each share will contribute to the value of holding company. The holding company is holding say 51% of the issued shares in YTLP and that is very helpful for Balance Sheet in YTL.

Posted by beinvested > 2024-05-15 15:03 | Report Abuse

According to the AR @30JUNE2023, YTL got 55% shareholdings in YTLP.
It is the biggest beneficiary from the appreciation in YTLP.

Posted by kcwong98 > 2024-05-15 15:04 | Report Abuse

ValueInvestor888

Dear dragon328,
Kindly send me a copy of Macquarie report.
Thank you.

Posted by beinvested > 2024-05-15 15:24 | Report Abuse

Let say, 8,182 Mil x 55% = 4, 500 Mil shares.

During the Q ended 31MAR2024, if the value increased by RM1, from RM3 to RM4, the effect in YTL's balance will be like this :-

Debit -
B/f Investment value in the subsidiary : 4.5 Bil x RM3 = RM13.5 Bil
Debit RM4.5 Bil

C/f Investment value in the subsidiary : 4.5 Bil x RM4 = RM18.0 Bil
(Increased by RM4.5 Bil)

CREDIT - Where to credit?
Don't have to do the revaluation of the investment in the Balance Sheet.
They may let it stay with the cost of investment, RM1 a share.

Can check to BSheet of YTL on how this investment/55% reported.

Posted by Raymond Tiruchelvam > 2024-05-15 15:30 | Report Abuse

most welcome on the article @jeffchan1901 and @chon99 .... glad to liked it, francis yeoh is a real visionary.... sad he lost his wife (loving and did lots of designing work) and staying single and devoted to family and christ.... we can all learn from him truly ..... peace

Posted by beinvested > 2024-05-15 15:36 | Report Abuse

Going forward, that RM4 a share has become RM5 already.
Can you see the impact on the Balance Sheet in YTL?

Posted by EngineeringProfit > 2024-05-15 15:37 | Report Abuse

Yes....yes...still holding

Posted by beinvested > 2024-05-15 15:43 | Report Abuse

DEUT 4 : .....hear the decrees and laws I am about to teach you. Follow them so that you may live and may go in and take possession of the land the Lord, the God of your ancestors, is giving you. 2 Do not add to what I command you and do not subtract from it, but keep the commands of the Lord your God that I give you.
3 You saw with your own eyes ...

DO NOT add & DO NOT subtract.

Just hold and keep the holdings for higher value.

Posted by HumptyDumpty > 2024-05-15 16:22 | Report Abuse

500 million plus oters that almost 1 biliong ringgit transcation on glove in one day , where do all the money come from ??

Posted by wkc5657 > 2024-05-15 16:53 | Report Abuse

@beinvested

i hope you really understand what does it mean to properly use the Scriptures and not take His name in vain...

Do your best to present yourself to God as one approved, a worker who has no need to be ashamed, rightly handling the word of truth. (2 Tim 2:15)

Posted by 2721 > 2024-05-15 17:02 | Report Abuse

Good to see all go to glove counters ady, peaceful here and can see comments easily..

Posted by hoplanner > 2024-05-15 17:04 | Report Abuse

Using His name in Vain is serious.
Exalting His name must in the right manner or else it is deemed to be done in vain.

Posted by CapitalCraftsman > 2024-05-15 17:21 | Report Abuse

@2721. They will be back becuz they are active spammers 😆

Posted by Agjl > 2024-05-15 17:55 | Report Abuse

https://www.thestar.com.my/business/business-news/2024/05/15/margma-sees-no-immediate-impact-from-us-tariff-hikes-on-malaysian-gloves

Posted by HumptyDumpty > 2024-05-15 18:11 | Report Abuse

Yeah it's two year down the road. Which hedge fund or institute investor will be chipping in so early..

Posted by HumptyDumpty > 2024-05-15 18:14 | Report Abuse

But also no HSI trading today , those counter are top transactions daily, maybe these are those liquidity.

Posted by beinvested > 2024-05-15 19:29 | Report Abuse

wkc5657,

Sharing the Scriptures with another/others is not using taking His name in vain.

Posted by beinvested > 2024-05-15 19:52 | Report Abuse

Acts 16
New International Version

Timothy Joins Paul and Silas

16: 3 Paul wanted to take him along on the journey, so he circumcised him because of the Jews who lived in that area, for they all knew that his father was a Greek.


2 Timothy 1:
5 I am reminded of your sincere faith, which first lived in your grandmother Lois and in your mother Eunice and, I am persuaded, now lives in you also.

- Timothy's father is Greek (Gentile) but according to the tradition, once the mother is from the same community similar to St Paul, Timothy is no longer considered a Gentile.

Posted by wkc5657 > 2024-05-15 20:08 | Report Abuse

@beinvested

No denying that sharing the Scriptures to others is good, but when i observe some of your past posts, there doesn't seem to be in the correct context. How can you use the Scriptures to imply buying/holding/selling or sentiments?

Posted by freedomfund > 2024-05-15 20:32 | Report Abuse

I am just sharing concepts here. Unlike others like dragon328 who has detailed analysis, here I just play the other side of the coin. I have been holding YTLPI shares since its IPO. Over the years and the AGMs I attended, my views :

1) YTLPI started with 2 Power Plants with fat margins since they were the first IPPs, taking high risks and the agreements signed with TNB really gave YTLPI the massive cash to build up. Now the concessions have expired.

2) For many years, some recent new ventures such as YES and BESTARINET project were failures, meaning new start-ups, though they may look lucrative but can faced multiple hurdles. They are a drag to earnings.

3) For many recent years, the share price of YTLPI hovers below RM1 to as low as 60++ sen level. This was as recent as 1 year plus ago. At that time, the assets under YTLPI is the same as now other than 2 things below :

3a) Partnership with NVIDIA - a new venture, execution risks are there, profit is not guaranteed and heavy investments required in first few years. Remember, for the recent years, YTLPI has a track record of failures in YES and BESTARINET. In any business, if data centers are absolutely lucrative, many other business groups will also join in, just like the recent gloves mania. Creating massive competitions.
3b) fat profit margin in Seraya Power Spore - this is only temporary as power prices is subject to market forces in Spore. With competitive biddings, the margin will soon be conservative again.
Other than the 2 items above, why so many analysts could not see the “hidden value” in YTLPI especially when the prices are around 60sen?
4) Now today highest share price at 5.20 is around 8x from its low within a span of less than 2 years. With increase of 700%, does it look like a mania?
5) YTLPI Executive Director Michael Yeoh sold 2.2 shares on 8-Dec-2023 at around RM2.31. Is he thinking that at RM2.31, it is over-valued? After all he is an insider.
Announcement details (bursamalaysia.com)
6) Recently, another insider, on 2/May a director, Datok Loo Took Gee sold 100,000 shares from his ESOS conversion at around RM4.60. Is he too, thinks at RM4.60, it is over-valued?
Announcement details (bursamalaysia.com)
Conclusion : I may be wrong at timing the peak prices, but conceptually, I believe current prices are toppish and mania-like. When the data center faces hurdles and Seraya Power margins are normalised, the share prices will surely drop. After holding for almost 30 years (since 1996), time to exit. Sayonara YTLPI. Thank you for the years’ of dividends and now the capital gain.

Posted by OnTime > 2024-05-15 21:05 | Report Abuse

to each his own. best wishes.

Posted by MrFox > 2024-05-15 21:06 | Report Abuse

👍

Posted by dragon328 > 2024-05-15 21:31 | Report Abuse

@freedomfund, congratulations on your fat gains from investing in YTL Power for last decades!

I have slightly different views from what you spelled out up there:

2) on Yes, it is too early to call it a failure. When YTLP started the telco business, it got into the wrong technology of LTE while the incumbent telcos were raking in fat profits from 3G voice business. We can see that Green Packet which got the same LTE licence went burst, but YTLP Yes survived due to tight cost control and also 1bestariNet project which gave steady cashflows to the group for several years.

3a) The tie up with Nvidia is just at the starting stage now and time will tell if it is a lucrative business or not. Analysts like CLSA, Ambank, Hong Leong and most recently Macquarie appear to be very bullish on the AI data centre business of YTL Power. I believe they have done relevant research into data centre business in the US and Australia and in the region to make them convinced of the good prospects. The tie up with Nvidia gives a very strong competitive advantage to YTL Power in doing the AI data centre business, as Nvidia GPUs are the most powerful with dominant market share of over 80%. And Nvidia is not any other company, it is the 3rd largest company in the world with market cap of over USD2.3 trillion. Analysts are giving target prices of USD1000-1,350 to Nvidia, meaning that its market cap may test USD3.0 billion in coming months. Why are all these big name analysts are bullish on Nvidia? It cannot be just a hype to make a USD2.3 trillion company. Nvidia is putting in tremendous efforts in coming out with even more powerful GPUs every year, in order to pull him ahead of competition. Why all the biggest tech companies like Microsoft, AWS, Google and Meta are spending tens of billion dollars every year on AI data centres? Because they see it as the future growth area for their business. These are the biggest names in tech, you cannot say all of them are just jumping into the hype.

AI is the future growth, no matter how you think and whether you want to face it or not. Those in the stage of denial will be replaced. I cannot tell how long this AI data centre will remain hot, but I believe the pie is large enough for YTL Power to at least secure 200MW of AI data centre deals from these big techs. That would be enough to drive the earnings to explosive growth in next 3 years. You just have to believe in the ability of YTLP management and the chieftain to deliver in coming months, I do.

Posted by speakup > 2024-05-15 21:31 | Report Abuse

https://www.scmp.com/week-asia/politics/article/3262628/malaysias-pm-anwar-meets-hamas-leaders-qatar-amid-us-scrutiny-financial-ties

Posted by dragon328 > 2024-05-15 21:31 | Report Abuse

3b) YTL Power share price was trading at below RM1.00 for several years before 2022 as the main asset PowerSeraya was making losses then. Now PowerSeraya has turned in hundreds of million dollars of profits every year, I expect skepticism from all angles especially those who had missed out on the share price rally. I think you may not have a good understanding on how the electricity market works in Singapore. It has always been a competitive market, so I do not understand what you meant by "With competitive biddings, the margin will soon be conservative again." The Singapore electricity has always seen competitive biddings for many years, in fact each genco needs to submit competitive bids for every half an hour for their generating capacity. The margin does not depend on competitive bidding itself, or the bidding behaviour or pattern, it depends on demand and supply. I have explained this for "n"th times, but many just choose to ignore the fact. That's not my problem. The electricity supply is tight now and will get even tighter in next 2 years. What I expect to see is increasing bigger margin for gencos in coming quarters due to the tight supply, as more demand comes in from new data centres, EV charging and offices' & households' air-condition usage due to heat waves.

It is a cyclic kind of thing. When the supply becomes bigger as new generating capacity comes online, eg. the new 600MW unit from Keppel and Sembcorp in 2026, the reserve margin becomes better and gencos' profit margin may come down. But as the current electricity demand growth is very strong at over 4% p.a. (or peak demand growth of over 300MW per year), the anticipated increase in demand in 2024 to 2026 will be almost 1,000MW and the new capacity of 1,200MW from Keppel and Sembcorp will be just enough to cater for such demand growth, as each 600MW unit will need to reserve some capacity for internal consumption around 3%, spinning reserves about 2-3% and contingency reserve of another 5% (so the net supply will be about 1,200MW x (100% - 10%) = 1,080MW.

For this reason, I do not expect gencos' retails margin will drop a lot in 2026 as the new capacity will be well absorbed by the demand growth. Furthermore, the new capacity from Keppel and Sembcorp will not be brought in a way that will destroy the generation margin for all gencos, otherwise Keppel and Sembcorp themselves will also suffer low margin for their existing 1400MW and 1800MW capacity.

The upcoming Q3 result will show how much PowerSeraya has "normalised" after the TPC was implemented from July 2023. This "normalisation" of earnings in PowerSeraya has been exaggerated and overplayed by some local analysts.

As for the selling of 2.2m shares by Dato' Seri Michael Yeoh in Dec 2023 was just a very small portion of what he had. For what purpose he sold is not up for us to speculate, but time has told that the selling was premature as the share price has since more than doubled up.

It is perfectly fine if you have sold off your holdings in YTL Power, some more as you said after holding them for 30 years or so. I will not comment on nor speculate why you chose to sell off, it is your choice.

But when you chose to talk bad on the company prospects just after you sold off the holdings, it does not look so good on your intention. It will jeapodise the interests of those of us who choose to hold on.

Please go and enjoy whatever profit you have made from YTL Power, and go invest in other counters you feel more comfortable.

Posted by OTB > 2024-05-15 21:55 | Report Abuse

Quote from dragon328's report.
YTL Power should rise from current RM1.30 in May 2023 to RM5.00 level by Mar 2025.

The timing of Mar 2025 should be right as by then:
1) PowerSeraya should continue to report strong earnings due to tight supply (Keppel new plant only comes in 1H 2026)
2) Wessex will have its new water tariffs adjusted up substantially for the new 5-year regulatory period due to its enlarged RAB and to compensate the high interest rates it is suffering these 2 years from a higher WACC
3) 1st phase green data centre should have been up and running contribution new earnings stream
4) digital bank business should find its footing after 1 year of operations
5) more visibility in power export timeline to Singapore.
------------------------------
My comments :-
1.) I believe Wessex should be in profit position in 2025.
2.) Green data centre should make profit in 2025.
3.) 5G YES - should be in profit position in 2024.

I believe the EPS for FY 2024 is = 0.42, take a PER=10, the target price of YTLPower should hit 4.20 in FY 2024.

I also believe the EPS for FY 2025 is = 0.50, take a PER=10, the target price of YTLPower should hit 5.00 in FY 2025.

My 2 cents comment only.
The final decision to buy is always yours.
Thank you.
-----------------------------
Dear dragon328,

The above article, I extract it from Sslee's blog : 6 months, 12 months and 18 months ROI contest. https://klse.i3investor.com/web/forum/forum-thread/608595869

I remain the champion in this competition because I selected YTLPower.

Please note that the share price of YTLPower moved past 5.00 before Mar 2025.
You have done a good job to benefit all readers in YTLPower forum.
I appreciate it.
Thank you.

Posted by freedomfund > 2024-05-15 22:43 | Report Abuse

@dragon328
Thank you for your comments on my small article.
As I mentioned, I am writing on the other side of the coin. In debates, there are always 2 sides. My article focuses on value. Is RM5.20 over-valued at this point of time? Some points which you have raised which I will like to respond :

1) I am not talking bad about YTLPI, otherwise I will not be holding these shares for 28 long years or attending some of its AGM. I even took a personal photo in one of AGMs in Majestic Hotel with Tan Sri Francis Yeoh. He may be my corporate idol but somehow some of his brothers might have not performed to expectations.

2) My exit should not jeopardize other shareholders who are long term holders who believe in the fundamentals of the company. I, too believe in the fundamentals. But the issue is about the share price which in my view is over-valued at the moment. Only time will tell if this is correct.

3) Views need to be well-balanced. In this i3investor platform, there may be new or young investors looking for views to a decision to invest. If they just follow only a one-sided view, which is the optimistic ones, they may invest at current prices circa RM5.20 exposing themselves to possibly high risk of buying at too high a price. Are we doing justice to them? Unless they read both sides of the coin and decide for themselves. Whereas for the older investors who have bought YTLPI at lows and intend to hold long, my views mean nothing to them, unless they too want to take profit.

4) I have no doubt about the future internet of things. Yes, NVIDIA is an extremely large company, even larger than our entire Bursa market cap. However, YTLPI is not NVIDIA per se in the sense of the type of business. YTLPI is only using products from NVIDIA. There is a business relationship but unlikely a co-relation on similar earning growth.

My 2 cents respond. Thank you for reading.

Posted by 2721 > 2024-05-15 22:52 | Report Abuse

Congrats on ytl + ytlp defeat public bank as at market cap closing today, hope more excitement to come =)

Posted by jenson68 > 2024-05-15 23:34 | Report Abuse

Times will prove the superb power of this counter , continue to hold tight !! Good luck …

Posted by MrFox > 2024-05-16 00:10 | Report Abuse

new highs coming soon!!!!!

whispering words of wisdom!!!!

haha

Posted by Raymond Tiruchelvam > 2024-05-16 01:41 | Report Abuse

dear fellow ytlp-ians..... i finally found 2 chinks in the armour of ytlp, as follows.... for dragon328 and OTB to give their view...
1) the average USEP for period jan-mar2024 is S$159 as compared to S$176 per kWh in the prior quarter oct-dec2023, therefore denoting close to 10% reduction. Assuming the whole of the seraya revenue is USEP driven, then we can expect a 10% reduction in revenue. Last qtr the revenue from power was RM3.75b, so we can expect to see 10% or RM375m reduction in revenue and therefore RM375 reduction in profits. This is surely possible. To make matters worse the kWh consumption is also lower in this period compared to prior period. This si going to negatively impact upcoming Qresults.
2) The RM is slowly strengthening and its now at 3.48 and is expected to continue to strengthen as the feds will finally start lowering the rates some sept 2024. This is not a if question, but a when question. Feds sill surely reduce rate just a question of when sept or dec 2024? This will not impact upcoming results but future results...
Everyone shd be warned of this fact.... peace

Posted by David Gunter > 2024-05-16 05:15 | Report Abuse

Yawn

Posted by Apple888 > 2024-05-16 06:51 | Report Abuse

YTL POWER GOGOGO
RM6
NVIDIA ALSO WANT TP BREAK 1000

Posted by NatsukoMishima > 2024-05-16 08:15 | Report Abuse

Some people think they are expert just like to show off their mathematic calculation , but at last they never earn money in stock market !