Posted by Mabel > 2 weeks ago | Report Abuse

Average forward P/E is 13x in the Integrated Utilities industry in Asia.

Posted by Mabel > 2 weeks ago | Report Abuse

Total returns to shareholders of 442% over the past three years.

Posted by Mabel > 2 weeks ago | Report Abuse

Thank you so much YTL Power you have been a great counter and has been positive trading to Mabel’s P&L. Really loves this operator and the great sharing by the Team here especially dragon328 who brought in much great knowledges about this counter.

Posted by Mabel > 2 weeks ago | Report Abuse

Until MACC cleared YTL Power, YTL Power will remain as Mabel's ex...

All the Best Everyone!

Meow

Posted by ks55 > 2 weeks ago | Report Abuse

At what price is a better buy starting tomorrow? Dragon or any sifu can suggest?

Posted by mf > 2 weeks ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

40,587.56

-242.03

0.59%

Posted by GlobalEquity > 2 weeks ago | Report Abuse

Safer to wait and watch the FEDs Meetings on 17-18 SEP...

No one is expecting any good out of it.

I think traders are waiting and watching closely the timing of MACC update (guilty or not) and Fed's meetings together.

Counter may suffer DOULBE blows if both outcome from MACC and Fed's are bad.

Posted by speakup > 2 weeks ago | Report Abuse

baca ni: http://www.financetwitter.com/2024/09/forcing-halal-certification-jakim-wants-to-play-god-pm-anwar-wants-dap-to-bend-over-like-mca.html

Posted by xuxu > 2 weeks ago | Report Abuse

I believe the sell down will be finished soon, but only bought a bit

Posted by Antifanaticracism > 2 weeks ago | Report Abuse

Downside limited

Posted by CharlesT > 2 weeks ago | Report Abuse

I believe many Sifus sold on the strong rebound ytd...some may even make millions RM of profit again

Posted by CharlesT > 2 weeks ago | Report Abuse

They are Pro.....

Posted by ks55 > 2 weeks ago | Report Abuse

Yes. They are all professionals. Some already sold at 5 ringgit and have made millions.

Posted by OTB > 2 weeks ago | Report Abuse

The DJI closed the year at approximately 7,908 on December 31, 1997.
The S&P 500 closed at about 970 by the end of 1997.
The Nasdaq Composite ended 1997 at approximately 1,570.

FBMKLCI index closed below 600 in 1997.
The Jakarta Composite Index closed below 400 in 1997.

DJI closed at 40,737 on 10/9/2024.
S&P 500 closed at 5,496 on 10/9/2024.
Nasdaq closed at 17,026 on 10/9/2024.

FBMKLCI closed at 1,660 on 10/9/2024.
Jakarta Composite Index closed at 7,761 on 10/9/2024.

Market rumour is as follows :-
The US stock market will crash in September 2024.
KLSE will follow the US stock market to crash in September 2024.
Local institutions are selling all the shares listed in KLSE like no tomorrow.
But foreign investors are net buying in KLSE in the last 2 months.
With this type of mentality of investors in KLSE, do you think KLSE will perform well in 2024 ?

Good economic fundamentals of Malaysia also cannot help to boost up the performance of KLSE.
The Malaysian Ringgit is strengthening against other major currencies, especially USD is good news to the Malaysian stock market.
Malaysian exports increased by 12.3% in July 2024 compared against July 2023.
The GDP growth for Q2 2024 is 5.9%.
All this news will attract foreign investors to invest in KLSE.
This news will make our KLSE into a bull market.

The actual situation in KLSE is pointing towards the worst market in 2024 despite very good economic fundamentals experienced in 1H of 2024.

The foreign funds are net buyers in KLSE in the last 2 months and now.
Local institutions are selling cheap tickets to all foreign funds.
Are local institutions smart investors in Malaysia ?
I feel very sad to see this phenomenon happen in Malaysia.

In 2013, the GDP growth was only 4.69%, the FBMKLCI index closed at 1,867.
The Q2 2024 GDP growth is 5.9%, our FBMKLCI is at 1,660 only.

Many investors will still listen to market rumour that KLSE will crash in September 2024.
Can KLSE perform better than other stock markets in the world ?

Warren Buffett will not be a stock god if he invested in KLSE only.
You should feel very proud if you are still making money especially when you invest in KLSE only.
Do not blame 80% of investors in KLSE are losing money.

Thank you.

Posted by cwc1981 > 2 weeks ago | Report Abuse

Today won't break 3.3 such a large pool of buyer. Maybe tomorrow will

Posted by OTB > 2 weeks ago | Report Abuse

TS Francis Yeoh has to use his excellent public relationship to sort out MACC case urgently. Otherwise, will not see the real bottom of this stock.
If this MACC case persists, 3.20 may not be the temporary bottom.
Very sad for this stock.
No luck.
Thank you.

Posted by PureBULL ... > 2 weeks ago | Report Abuse

INVESTORS, [2024-08-30 11:41 PM]
watch closely on these sectors if u hv them:
a. Exporters will hv forex headwind to next QR PAT.

Big tech manufacturing, EMS, Glove, Furniture stocks n etc, cld underperform for awhile.
next QR n beyond cld disappoint.

most stocks in manufacturing hv v small profit margin of 2 to 8%.
USD dropped 8% vs RM cld make many exporting stocks as losing concern.
these stocks cld need SOS.
avoid or try to exit at top of rebound 1st.

INVESTORS, [2024-09-11 12:28 AM]
Strong RM vs USD is killing our best stocks.
this sudden behavior is like kena hoot.9.e 96 96,,

TECH is crashing n non.stop!
https://www.tradingview.com/x/iZNC6NYr/
https://www.tradingview.com/x/M4LNLdwc/
https://www.tradingview.com/x/i7aGUg8x/

https://www.tradingview.com/x/hmu6Fvks/
https://www.tradingview.com/x/U04U8ct9/
https://www.tradingview.com/x/o0mV8ohc/

https://www.tradingview.com/x/hURzLY7y/

This is the root-cause:
https://www.xe.com/currencycharts/?from=USD&to=MYR

What cld do well:
Utility, power n water stocks shd n
Importer stocks, those with huge sales in RM n import in USD.

Posted by Willtolive > 2 weeks ago | Report Abuse

https://theedgemalaysia.com/node/726297

don't be bull shit

Posted by hng33 > 2 weeks ago | Report Abuse

PUREBULL
For utilities stock exposure, PBA is better than YTLP. Almost all YTLP earning is derive from oversea such as Indonesia and Jordan power in USD, seraya power SGD, Wessex in POUND. In contrast, PBA is sole water supplier in Penang and begin enjoy recent water rate hike

Posted by Sangranghaeyo > 2 weeks ago | Report Abuse

Last time Muhyiddin was a minister of education. That make sense

Posted by hng33 > 2 weeks ago | Report Abuse

“Wallahi, satu sen pun saya tidak ambil😅

Saya tidak terbabit langsung dalam sangkaan buruk itu, kerana sebab ia berlaku sewaktu saya menjadi Menteri Pendidikan," katanya ketika ditemui selepas menghadiri kenduri rakyat di Kampung Bentong Luar, di sini, hari ini.

Dia (Najib) yang pilih, jadi kenapa ada yang membabitkan saya? Kontrak pun saya tak tengok dan apa-apa peruntukan projek itu disediakan oleh Menteri Kewangan

“Jangan ada yang buruk sangka kerana berlaku ketika itu saya menteri (pendidikan), saya tidak lihat kontrak, tidak tengok apa peruntukan, semua disediakan kerajaan, Kementerian Kewangan,” katanya.
"Ini ada pula cerita baharu berkenaan soal tuntutan palsu, saya pun tak tahu. Ini pun saya tahu selepas baca surat khabar," katanya.

Tan Sri Muhyiddin Yassin menegaskan beliau tidak mengambil 1 sen 🤣pun dalam pemberian tender perkhidmatan 1BestariNet semasa menjadi Menteri Pendidikan

Posted by HumptyDumpty > 2 weeks ago | Report Abuse

@OTB , I think local investor interpret a "raid" from MACC doesn't imply ytl corp do bribe but a lack of political favor from current government. Is MACC probe a political tool or just regular probe and check? Actually this case will be a good pointer did the government body improved to better governance. Anyway saw MACC make a case on a group of fraud case by doctors and partners in claiming Socso , a small case but need need dedicated work to prove and track.

Posted by ggleow > 2 weeks ago | Report Abuse

ytlp ggleow

Posted by Yezzy99108 > 2 weeks ago | Report Abuse

sad to see this scandal emerged in the heat of YTLP riding on DC + AI hype. as long as this scandal not resolved, any price rebound will see influx of sellers looking for exit

Posted by xuxu > 2 weeks ago | Report Abuse

find the support already hehe

Posted by xuxu > 2 weeks ago | Report Abuse

macc takes long time or maybe no more news onwards, those who scare better avoid but i m not

Posted by purple70 > 2 weeks ago | Report Abuse

My piece to all is to separate politics from business....M

Surprising isnt it that when Maszlee made noise, no action was forthcoming from the VENERABLE TUN! Moo was not investigated nor was YTL asked to substantiate it!

The reason its on now, is to seek info by jamming up YTL at it's crucial point..YTL has the power n money to play this out but in the background, NIVIDA cou;d pull out & all will sink to the bottom.

It will take years before YTL can ride any curve...Soo, dont be surprise of info provided to YTL, sufficient enough to cast doubt on public's mind that Moo is involved in big time - after all we know that failed projects of this size could only be possible as nepotism n favouritism had been pushed thru!

So, would YTL be ready to release funds transfer details...?

Posted by OTB > 2 weeks ago | Report Abuse

I do not think Nvidia will pull out from Johor AI data centres.
I believe this AI DC project will not be removed because it involved Nvidia.
Moreover, this project is witnessed by our PM in 2023, together with Nvidia's boss, the International Trade Minister and CEO of YTLPower.

If Nvidia pull out (but cautioned that, in a bear case), please read the message below.

Macquarie maintained a target price RM7.30 for YTL Power, but cautioned that, in a bear case, removing YTL Power’s AI projects from its models would cut Macquarie’s projected earnings per share for FY2026 by 31%, and pushed the fair value to RM3.64.

KLSE already very weak, this MACC case will make thing looking worse.
Very sad and disappointed.

Thank you.

Posted by dragon328 > 2 weeks ago | Report Abuse

I would caution against any further allegation on this 1Bestarinet project, let MACC investigate. I am sure YTL Comms will be cleared of any wrongdoing eventually, just as PAC found nothing wrong with the project in its reports a couple of times.

But the damage on the share price has been done as YTLP share price has dropped 20% from the RM4.10 level early last week. I think short sellers have won handsomely this round, so no need to push it too far.

Whatever naysayers have to say, that is enough coz they have achieved their purpose.

I am not asking anyone to buy in YTLP now as I fear the negative sentiments from the MACC case may drag on for weeks or even months. It is a stock only for long term investors.

YTL Power remains the cheapest utility stock in Bursa, trading at just 8x PER on its traditional utility businesses' earnings, not yet including any future earnings of AI data centre. So those sell-side analysts who downgraded YTLP last month on potential delays in Nvidia Blackwell GPUs were talking nonsense.

I see no delay in the roll out of the first phase AI data centre in Q1 CY2025, based on information that I gather so far. AI data centre will start contributing meaningful earnings to YTLP from Q4 FY2025 onwards once completed in Q3 FY2025. That will propel YTLP net profit towards the RM4.0 billion mark in FY2026, causing YTLP stock PER to drop to 6.6x in 2026.

Posted by ggleow > 2 weeks ago | Report Abuse

ytl powerless

Posted by dragon328 > 2 weeks ago | Report Abuse

While the negative sentiments cloud over YTLP share price in near term, I see potential surprises and positive developments below that may result in a meaningful rebound in YTLP share price in coming weeks / months:
1) PowerSeraya to deliver stronger earnings of over SGD200 million a quarter from Q2 FY2025 once the temporary price dumping actions by one genco ease off in coming 2-3 months after its recently secured extra gas supply tapers off

2) Wessex Waters to deliver PBT contribution of close to RM100 million a quarter when inflation continues to cool off towards 2.0% in the UK from September (2.2% in August) and interest rates are lowered by 50 bps or more by end of 2024

3) Ranhill to deliver substantially higher profits from Q2 FY2025 as synergies kick in after the take-over by YTLP, and additional water supply demand from new data centres and developments in Johor

4) YTLP to announce new clients take-off secured for its AI data centre or/and colocation data centres, as I gather they maybe in negotiations with a couple of parties more after the hyperscaler who took up 40MW+40MW in May 2024

5) UK Brabazon property project to contribute meaningful earnings to YTLP as the first batch of homes are being handed over to the buyers in 2H 2024

6) Kepong WTE project gets the go-ahead and achieves financial close by end of 2024, despite the recent petition from residents against it due to political motives

7) The MLFF project gets the go-ahead nod from the unity government, despite the protests from highway concessionaires who do not want their toll collection to be known to other parties. YTLP is already doing a Proof of Concept for MLFF and I expect a favourable outcome soon

8) Jordan Power continues to deliver steady income from shareholders' loan interest income and O&M contracts for the power plant and for the mining, as well as to report improving earnings from the project as project loan reduces over time and the inflation adjustments kick in the PPA tariffs every year.

Posted by xuxu > 2 weeks ago | Report Abuse

wowowow ! added more gogogogogo!!!!

Posted by ks55 > 2 weeks ago | Report Abuse

The investigation by MACC is just coincidence. YTLP has many questions to answer and until now, no clear indication how funding and involve Nvidia in DC project, whether a mere vendor of AI chips, or any equity it will take up. More so when YTLP has high level of debt but funding of 500MW solar power plant remain unclear.

Posted by JJPTR > 2 weeks ago | Report Abuse

Avoid company with corruption issue. The loses can be substantial . It could just drop like Jln Masjid sink-hole in the midst of trading hours. Any rebound is opportunity to RUN

Posted by xuxu > 2 weeks ago | Report Abuse

everyday diving today can see the green really exciting, hope all the way green

Posted by dragon328 > 2 weeks ago | Report Abuse

The equity structure on Nvidia tie-up has been made clear to many analysts who were on the briefing call after Q4 FY24 result on 23 August, it is not pricy to anyone on the street.

YTLP has very strong operating cashflows every year, totalling RM5.575 billion in FY2024, more than sufficient to fund the capex of RM3.339 billion in the year. Net debts remain stable at RM26.7 billion as of 30 June 2024, mainly ring-fenced at subsidiaries like Wessex and Jordan Power.

Posted by PureBULL ... > 2 weeks ago | Report Abuse

hyper PANDAI to boycott.

now we all pay dearly in stock mkt.
our best stocks in export of msia r suffering.
how bad n how long would this killer journey be?

BIG players r edi do this,
Go defensive, to fight another up-cycle.

NB:
that amore diplomat said;
boycott solved NOTHING.

Posted by ggleow > 2 weeks ago | Report Abuse

whatever project that have also not interested anymore
name already spoiled.

Posted by ggleow > 2 weeks ago | Report Abuse

i better buy DIY or 99smart
honest business

Posted by dragon328 > 2 weeks ago | Report Abuse

YTLP is on track with the AI data centre development, and Nvidia has committed to deliver the necessary GPUs towards end of 2024 for the first phase of its 50MW AI data centre which is being funded by Nvidia itself.

The earning contribution to YTL Power will be substantial as calculated in my earlier articles and by various analysts like Ambank and CLSA in great details.

Posted by dragon328 > 2 weeks ago | Report Abuse

There was no more notable selling on YTLP and YTL by foreign funds yesterday. On the opposite, foreign funds bought in another RM41 million worth of YTL shares on Monday after the net buy of RM47m last Friday. Foreign funds net bought RM23m of YTL Power shares last Friday but net sold RM18m on Monday.

That shows to me that foreign funds are not bothered with all this political name tarnishing noise and focus on buying quality blue chip YTL as the share price is unjustifiably sold down.

Net short positions on YTL have dropped to negligible level below 0.1%. NSP on YTLP stays around 9.0 million shares as of yesterday, with no visible addition today itself. Share price has dropped 20% in one week and there is nothing more to short for.

Posted by xuxu > 2 weeks ago | Report Abuse

wowowowow so excited, can fly already

Posted by xuxu > 2 weeks ago | Report Abuse

yes ! dragon 328 ff whacked a lot YTLP

Posted by goldenluck16 > 2 weeks ago | Report Abuse

Buy now!!!

Posted by xuxu > 2 weeks ago | Report Abuse

PE8 still cheap cheap sales

Posted by ValueInvestor888 > 2 weeks ago | Report Abuse

look like the worst is over for now...oversold should have meaningful rebound.
If today US CPI figure within expectation and no any black swan surprises, then we shall see meaningful rebound

Posted by xiaochen > 2 weeks ago | Report Abuse

Thank you Dragon328.

Posted by sumbody > 2 weeks ago | Report Abuse

I agree with you Agjl. Waiting to pounce but is too pre-mature now. Cheers

Posted by ks55 > 2 weeks ago | Report Abuse

After some clarifications form Dragon, I decided I will buy into YTLP too.
I will start at 3 ringgit, testing water.
I will buy bigger amount at 2.50 as I believe that is the next support level, for I see value for my money at that price.
I will gradually buy more and more if YTLP still drift lower and lower after 2 ringgit. Will buy at 10 sen interval till the level I can bear.

Posted by ks55 > 2 weeks ago | Report Abuse

I am having very clear exit plan. Before buying, must think of exit, that is to make sure I won't lose money.