Posted by 2721 > 2024-07-09 16:39 | Report Abuse

Last min strong sapu strength again

Posted by investopology > 2024-07-09 21:29 | Report Abuse

Seem like rm6 is achievable for bonus issue soon.

Posted by speakup > 2024-07-09 21:32 | Report Abuse

wake up call for malaysia: http://www.financetwitter.com/2024/07/told-you-so-why-arrogant-pm-anwar-and-racist-umno-are-responsible-for-chinese-protest-in-sungai-bakap-polls.html

Posted by zzprozaz > 2024-07-10 08:09 |

Post removed.Why?

Posted by dragon328 > 2024-07-10 09:15 | Report Abuse

RHB Research issued an update report on YTL Power this morning after a site visit to Wessex Waters, UK. It maintains a BUY call with a target price of RM6.68.

The RHB team reaffirms the operational excellence of Wessex and confirms the substantially higher capex plan of GBP3.5 billion for the next 5-year regulatory period, which may be approved by Ofwat before end of the year.

The report also touched on the Brabazon property development project in Bristol, UK. It says Brabazon is delivering the first phase of 302 residential units, half of which are completed and occupied. Assuming an average selling price of GBP275k per unit, I estimate the GDV for the first phase to be around GBP80 million. Brabazon is delivering the next phase of 339 new homes, which will fetch a GDV of GBP100 million. These 2 phases in 2024 make up about 10% of total expected GDV of GBP1.8 billion and 6,500 homes over next 10 years for the Brabazon project. I see this Brabazon project is on track to deliver property development profits of RM225 million a year to YTL Power over the next 10 years as calculated in my earlier article in May 2024.

RHB report finally mentioned about a near term catalyst being the conclusion of an offtaker for 20MW of AI data centre at YTL Power Kulai DC park. Again this reaffirms my believe that YTL Power is on track to achieving a total of 200MW AI data centre work by 2026.

Posted by Oliver Ooi > 2024-07-10 12:39 | Report Abuse

another tp shown rm6.68. good to know.

Posted by fx115w > 2024-07-10 15:36 | Report Abuse

Regrettably the good news came a bit too late. I have sold both warrant
YTLPOWR-C44 & YTL-C77 for the past 2 day as their due date of end July is approaching.
Don't have the nerve to hold them until last minute.
YTL-C77 bought RM0.172, sold RM0.540
YTLPOWR-C44 bought RM0.205, sold RM0.480
Shall wait for the next window to re-enter....

Posted by MrFox > 2024-07-10 15:49 | Report Abuse

👍

Posted by Mabel > 2024-07-10 16:39 | Report Abuse

That's a good trade fx115w...well done!

Mabel is also soooo happy that Mabel accumulate more yesterday from 5.15 to 5.1...

YTL Power has always been good to my P&L..

Loves the Operator who managed this counter..

To RM 6 with Loves...

Meow

Posted by Bernard85 > 2024-07-10 18:50 | Report Abuse

YTL Power shares up despite higher capex by its UK operating unit — RHB Investment Bank

https://theedgemalaysia.com/node/718433

Posted by raymondroy > 2024-07-10 19:15 | Report Abuse

extract .... "Wessex Water has submitted its five-year business proposal (2025-2030) to the water services regulation authority, including a higher return and capex allocation of £3.5 billion over the next years versus £1.4 billion."
- good to note that the proposal entails a "higher return" expectation and I assume its based on the higher capex as well.... this shd be well received

Posted by CapitalCraftsman > 2024-07-10 20:41 | Report Abuse

Penetrate RM5.30 tmr 😃

Posted by dragon328 > 2024-07-10 20:44 | Report Abuse

@Bernard85, the headline of that article is misleading. Higher capex for next 5 regulatory years is good for Wessex as it will accelerate the expansion of its Regulatory Capital Value (RCV) which is used to calculate the water tariffs and revenue.

That shows that a lot of analysts and reporters are not familiar yet with the regulatory environment of the water sector in the UK and how Wessex derives its revenue and makes money.

Posted by Sangranghaeyo > 2024-07-10 21:02 | Report Abuse

How familiar are you with the UK water industry, dragon328 ? 🙂

Posted by Aero1 > 2024-07-11 08:40 | Report Abuse

because theedgemarket was not invited to the briefing by Wessex

Posted by KLV868 > 2024-07-11 09:13 | Report Abuse

Good day to all YTL believers.

Posted by dragon328 > 2024-07-11 09:32 | Report Abuse

@Sangranghaeyo, I cannot say I am expert in UK water industry, but I have put in substantial time and efforts to study the regulatory systems, the revenue reset model and past Wessex financials to enable me to grasp the key concept and main moving parts of the business.

I read through several draft determination and final determination papers published by Ofwat, and draft submission by Wessex to Ofwat and annual reports of Wessex. I even got hold of a copy of the excel spreadsheet used by Ofwat to do the draft determination for the next 5 years reset, somehow my UK friend said it was all available online.

Posted by KLV868 > 2024-07-11 10:08 | Report Abuse

Dragon328, you have maintain your quality of post!!! Never fails to impress. Tq

Posted by cmchan11 > 2024-07-11 10:29 | Report Abuse

@Sangranghaeyo, please share with us how much you know about UK water industry. Hope to learn from you before invest more on YTLP. Thank in advance…

Posted by jeffchan1901 > 2024-07-11 11:02 | Report Abuse

Some quietly use their brains to make money. Others use them only to make silly comments which doesn't benefit anyone including themselves and end up wondering why life has been unkind to them and why bad luck always befall them. That is because they don't realise that the negativity energy that they exude only serves to attract other negative energy into their lives. Be careful what you wish for, your genes will suffer because of your indiscretion. I can tell that you are not well off as those with money would not waste their time sprouting rubbish no mater under which fake user profile.

Best summed up by the Sociologist, Oscar Lewis in his study, Cultural of Poverty theory. It states that .. 'that people born into poverty become adapted to poor mindsets. His theory was that those mindsets cause people in poverty to continue in poverty and pass it down generation after generation..'

Posted by OTB > 2024-07-11 12:29 | Report Abuse

Posted by Agjl > 50 minutes ago | Report Abuse
https://theedgemalaysia.com/node/717281
-------------------------
Posted by NatsukoMishima > 1 hour ago | Report Abuse
https://www.klsescreener.com/v2/news/view/1356375
----------------
The share price of YTLPower should move up north with this type of news.
No reason that YTL performed better than YTLPower in the last few days.
The volume of YTLPower is reducing in the last few days, hope foreign funds should come in to buy and push up the share price to cross above 5.44.
Good luck.
Thank you.

Posted by jeffchan1901 > 2024-07-11 14:24 | Report Abuse

Ah, he deleted his comment. Hope he will Insaf. Nothing good will happen to his life if he continues with his useless rant.

Posted by Aero1 > 2024-07-11 14:50 | Report Abuse

https://www.cnbc.com/2024/07/11/uk-economic-growth-may-2024.html
UK economy returns to growth in May, beating expectations as British pound hits four-month high

Posted by sumbody > 2024-07-11 19:43 | Report Abuse

https://www.cnbc.com/2024/07/11/jpmorgan-upgrades-malaysia-citing-data-centers-and-policy-reforms.html

Posted by Bernard85 > 2024-07-11 21:23 | Report Abuse

The prospects of YTL Power Intelligence Bhd’s UK unit, Wessex Water Services Ltd, remain positive, contributing to the earnings growth of the Malaysian conglomerate.

This projection is underpinned by the excellent operational performance of the water supply and sewerage utility company, as well as the higher legal and regulatory capital expenditure (capex) requirements to preserve the environment and meet long-term water demand in the United Kingdom, according to RHB Research.

Having recently visited Wessex Water, the brokerage noted that the company had submitted its five-year business proposal (2025-2030) to the UK water services regulation authority, including a higher return and capex allocation of £3.5bil over the next years, compared to £1.4bil previously.

https://www.thestar.com.my/business/business-news/2024/07/11/ytl-power-poised-to-gain-from-uk-subsidiary

Posted by ltlim74 > 2024-07-11 21:25 | Report Abuse

https://www.cnbc.com/2024/07/11/britains-largest-water-utility-grapples-with-15-billion-debt-pile.html

@dragon, what's your take on this event.

Posted by Goldberg > 2024-07-11 21:41 | Report Abuse

JPMorgan is bullish on this Southeast Asian country-Malaysia, cites opportunities in data centers

KEY POINTS

1-JPMorgan named data centers, electric vehicles and solar among the sectors that investors are putting their money in.

2-“Policy reforms, data center investment and infrastructure build-out have become key tailwinds for Malaysia, in-line with our 2024 outlook, but are progressing at a much stronger-than-anticipated pace,” JPMorgan analysts said in a July 1 note.

3-The investment bank upgraded Malaysia to “neutral” from “underweight” last week.

Posted by Eagle77 > 2024-07-12 08:32 | Report Abuse

Buy SYSTECH to protect your AI/DC ✅

Posted by Apple888 > 2024-07-12 08:51 | Report Abuse

Today ytl power going to rm5.50

Posted by dragon328 > 2024-07-12 08:56 | Report Abuse

@ltlim74, Thames Waters' problems have been well flagged months before. The company has not been well run operationally, coupled with the low rate of returns allowed by Ofwat for the past five regulatory years from 2020-2025 and high interest rates & high operating costs after COVID-19, Thames Water simply cannot cope with the rising costs and low revenue, hence huge losses are registered in past 2-3 years leading to the debt problems.

On the other hand, Wessex is in a much better position as operationally Wessex has been performing very well and has actually been registering operating profits in past few years except that it did suffer the same problems like other water companies in the UK, i.e. higher interest rates & higher inflation that leads to high provisions for index-linked bonds.

Ofwat too has played a key role in making all water companies in the UK not performing to the mark as it determined an ultra low rate of return of just 3.1% for the water companies in the 5 regulatory years from 2020 to 2025, resulting in lower revenue and losses in many water companies in the UK.

Now it seems like Ofwat has not learnt the lesson and has just made a draft determination for something much less than what water companies have submitted for the next 5 regulatory years from 2026-2030.

Posted by dragon328 > 2024-07-12 09:43 | Report Abuse

This is the second draft determination by Ofwat, draft determination usually is harsh in comments and numbers. I hope the Wessex team will liaise with Ofwat officials in their feedback by 28th August 2024 and try to improve the rate of returns in the final determination on 19th December 2024.

For info, the first draft determination by Ofwat set the rate of returns at just 3.1% then the second determination yesterday raised it to 3.72%. I hope this will improve to above 4.0% in the final determination.

Posted by slts > 2024-07-12 10:17 | Report Abuse

mkt corrections on the way

Posted by Aero1 > 2024-07-12 11:33 | Report Abuse

Johor is the fastest growing market within Southeast Asia with over 1.6GW of Total Supply. The market has been the largest beneficiary of Singapore’s moratorium on data centres since 2019 and experienced exponential growth as it absorbed the spillover demand from regional tech companies and OTTs. To date, the market has evolved uniquely as a
build-to-suit market and there have been no signs of slowing down. Interest is diverting out of existing data centre clusters as international operators and CSP players start to land bank in anticipation of future demand.

Johor grew from a baseline of less than 10MW of Live Supply and the majority of growth in Total Supply occurred in the last three years after the announcement of the moratorium in Singapore. The current clusters are located in Sedenak
Tech Park, Nusajaya Tech Park, and YTLGreen Data Centre Park. Surrounding areas or regions offering land with power are beginning to see heightened interest as activities continue to intensify.

Posted by 2721 > 2024-07-12 12:30 | Report Abuse

Another sapu chance if fall to rm4.7-4.8

Posted by Oliver Ooi > 2024-07-12 12:38 | Report Abuse

yup, me too. but I'll Wait for the upcoming qr only decided.

Posted by kahfui1221 > 2024-07-12 14:29 | Report Abuse

My bullets are ready. Wait it to reach that particular cheap price

Posted by icecool > 2024-07-12 14:51 | Report Abuse

just buy the dip sure profit

Posted by Jack888 > 2024-07-12 15:12 | Report Abuse

Pfofit taking.... sma 10 line curve down already.

Posted by MrFox > 2024-07-12 15:25 | Report Abuse

4,90 👍

Posted by MrFox > 2024-07-12 15:25 | Report Abuse

just a handful!

Posted by MrFox > 2024-07-12 15:28 | Report Abuse

As i have said, will try my luck when there is a big swing downwards! Just for free Starbucks!
haha

Posted by ValueInvestor888 > 2024-07-12 15:29 | Report Abuse

can trade again? Anything below RM 4.90 is good buy...

Posted by slts > 2024-07-12 15:44 | Report Abuse

DC play over. Many Co venturing into in. Overcrowded place.

Posted by Sue1234 > 2024-07-12 15:49 | Report Abuse

when it will break 5.35 ?

Posted by cokodokpisang > 2024-07-12 15:52 | Report Abuse

Waiting at 4.85... Just buy la. No regrets. I bought the shares at 0.68 and kept to lay eggs for abt a year. Then buy again at 3.88. So far no regrets.

Posted by iTelex5 > 2024-07-12 15:52 | Report Abuse

wei, AJInomoto is only 60.8M shares. You don't want to buy?

Posted by MrFox > 2024-07-12 15:58 | Report Abuse

me dun take ajinomoto! no good for health!!!
haha

Posted by MrFox > 2024-07-12 16:38 | Report Abuse

anything > 4.95 will be free Starbucks!
haha

Posted by ValueInvestor888 > 2024-07-12 16:45 | Report Abuse

Current price at 11.5 is the cheapest Data centre related stock valuation. At current price, you buy YTLP energy+ultilites business + FOC data centre.

Buy on dip is still a good bet. As to how low is low, depend on your fishing skills. No problem to go back to RM 5.

Posted by dragon328 > 2024-07-12 17:08 | Report Abuse

Today selling is a knee jerk reaction from some foreign funds to the draft determination by Ofwat for Wessex Waters. As said, this is just a draft determination, not the final.

History shows that Ofwat usually improves on water companies' requests in the final determination, as shown by the improvement in allowed rate of return from 3.1% in 1st draft determination in Nov 2023 to 3.72% in the 2nd draft determination.

There is still some months away from the final determination in Dec 2024, I hope Wessex Waters and other water companies in the UK will work on their submitted plans and liaise with Ofwat officials to achieve a more amicable outcome in the final determination so that it will allow a more sustainable business model for all the water companies in the UK, otherwise they may fall down one by one after Thames Water, and Ofwat might as well nationalise all the 10 water companies in the UK!