> 1000 stocks tumbled on black friday but ranhill went upstream at last minute after all the old management director balik kampung ! I believe the yeo family is going to show the true power in ranhill !
Eagle77 u better go Notion , jcy , cabnet ,sns ,theta ,toyoven that kind of gambling rubbish stocks , for long term bright future stocks like ranhill , vstec wont hancur in long term !
Yeoh Keong Yeen and Yeoh Keong Yuan as new executive directors, Faiz Ishak and Datuk Anuar Ahmed as non-independent directors, and Datuk Seri Dr Yusof Ismail as an independent director.
Keong Yeen and Keong Yuan are siblings and the grandchildren of YTL Power major shareholder Tan Kai Yong @ Tan Kay Neong.
Both Keong Yeen and Keong Yuan have a Master's degree in Civil Engineering and are the executive director in the construction division of the YTL Group.
Faiz Ishak, a graduate member of the Association of Chartered Certified Accountants (ACCA), previously served as a director of Transocean Holdings Bhd, YTL Corp Bhd, and YTL Power.
Meanwhile, Anuar Ahmed, who has over 30 years of business experience across various industries, particularly in energy and transportation, currently serves on the boards of several subsidiaries of YTL Power, as well as LBS Bina Group Bhd and Tenaga Nasional Bhd.
Yusof Ismail, a former administrative and diplomatic officer with more than 35 years of experience in the civil service, was the director general of the Malaysian Administrative Modernisation and Management Planning Unit (Mampu) from April 2020 to May 2023.
He currently sits on the boards of two Bursa-listed entities, Green Packet Bhd and AwanBiru Technology Bhd.
Ranhill Utilities - Still Lacking Firepower; Keep SELL Date: 2024-08-15 Firm: RHB-OSK Stock: RANHILL Price Target: 1.10 Price Call: SELL Last Price: 1.46 Upside/Downside: -0.36 (24.66%) Maintain SELL, with new MYR1.10 TP (from MYR1.15), 26% downside, c.1% FY24F yield. Ranhill Utilities recorded a 1H24 core profit of MYR16.9m (-27% YoY) – missing expectations – making up 36% and 32% of ours and Street’s estimates. The negative deviation was mainly due to the weaker- than-expected performance of the engineering services and power divisions. With hefty valuations in the absence of any sizeable near-term catalyst, we maintain our call on RAHH, which is trading at FY25F P/E of 40.6x, >2SD above its five-year mean P/E. Dividend yields are unattractive at just c.1%. For 1H24, the PAT for the water segment dropped slightly by 2% YoY as the higher revenue from the tariff hike for domestic consumers (effective February) was offset by higher amortisation on service concession assets of RanhillSAJ. The engineering services segment saw a larger YoY drop in PAT of 22% in 1H24 due to a reversal of profit for a detail design engineering project awarded by a Brazilian oil and gas producer. Likewise, the power segment recorded a 12% YoY drop in PAT in 1H24 due to derecognition of capacity payment by Ranhill Sabah Energy II plant (related to a failure despatch incident) plus higher maintenance costs. While we view YTL Power International (YTLP MK, BUY, TP: MYR6.68) could enhance RAHH’s operational efficiency in the long run by leveraging on its existing experience in the power and water services sector, the only near- term catalyst we see is the plan to supply water to Penang from Perak through the proposed Kerian Integrated Green Industrial Park. RAHH may benefit from such plans via its subsidiary Ranhill Water Services, which has clinched water projects beyond Johor – namely the MYR61.5m job to replace old pipes in Kelantan covering a total length of 103km secured in Mar 2022. Other jobs include laying c.52km of new mild steel distribution pipelines throughout the Royal Malaysian Navy base in Lumut under a contract worth MYR38.5m. Other developments. The RAHH-led consortium for Indonesian Djuanda source-to-tap water project (estimated treatment capacity of 605m litres per day and capex of USD600m) has resubmitted the feasibility study (resulting in further delays to obtain initiator status). Once accepted, then an initiator status would be granted to the RAHH-led consortium, enabling it to bid for the said project via a public tender with a right to match advantage. As results missed expectations, we slash FY24-26 earnings estimates by 12%, 10%, and 7% post earnings adjustments for the power and engineering services division, which was weaker than expected. Therefore, we arrive at a new SOP-derived TP of MYR1.10 (from MYR1.15) which bakes in a 4% ESG premium based on an ESG score of 3.2. Risks to our call: Higher-than-expected water consumption and faster-than- expected job replenishment for its engineering services arm. Source: RHB Research - 15 Aug 2024
For water supply utilised mainly for cooling systems of DCs – data from RanhillSAJ shows that it has received applications for 439.67m litres per day (MLD) of water between 2024 and 2035 from data centres. Of this amount, 316.38MLD have been supported, while the remaining 30.51MLD have yet to be supported by the water operator. The Johor State Government will look for additional water resources for future industrial use with Johor Special Water, a subsidiary of state company Permodalan Darul Ta’zim, although the current water supply in the state is sufficient at the moment. These include building new water treatment plants and installing new piping to connect water sources to new areas, as well as exploring new water sources through Johor Special Water.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
thye82
140 posts
Posted by thye82 > 2024-08-02 19:05 | Report Abuse
The whole world is dropping except u.....