https://klse1.i3investor.com/blogs/rhbinvest/2024-05-15-story-h-161669458-Oppstar_Trailblazing_IC_Design_House.jsp

Macquarie TP for YTLP - 7.30

Macquarie places a lot of weight into YTLPower's AI data centre business with forecase net profit contribution of as much as RM1.5 billion in FY2026 from 100MW of AI data centres, rising to RM2.4 billion net profit contribution in FY2029 from 200MW AI data centres and to RM3.5 billion in FY2029 from 300MW AI data centres.

More than 102,301 KWSP contributors bought takaful products using the KWSP platform

Since its launch in December 2023, more than 102,301 KWSP contributors have purchased as many as 118,166 policies and takaful products using the platform.

Protection includes life insurance as well as critical illness at an affordable premium.

According to New Straits Times, KWSP has introduced important improvements to focus on police management and a certificate that includes further protection over one year.

The KWSP platform has also been level-up and it not only offers features such as authorised policy management but easy recurring payments for long-term protection.

Crescendo Corp Bhd’s (CCB) wholly-owned subsidiary Panoramic Industrial Development Sdn Bhd is selling nine parcels of freehold vacant land measuring about 82,496.4 sq m in Johor to Yu Ao Sdn Bhd for RM112 mil cash.

CCB is expected to record a consolidated gain after taxation of about RM68.33mil from the sale.

AMInvest are of the view that the net profit of the 100MW AI section of Johor DC could potentially be more than RM1bil per year.

Assuming a full take up of 500MW, the Johore AI DC the potential net earnings could potentially be a whooping RM5 billion per annum.

This is based on a net profit margin of 20% on revenue of RM7bil Our revenue estimate of RM7bil assumes a fee o US$2.13/GPU/hour and 78,431 GPUs (graphics processing unit). Our conservative assumption of US$2.13/GPU/hour is half of Coreweave’s charges of US$4.25/GPU/hour fo Nvidia’s H100 chip. YTLP’s fee could potentially be highe than Coreweave as the group would be using the latest Nvidia GB200 Grace Blackwell superchip

Based on Aminvest. research report- Decoding DC earnings.

https://klse1.i3investor.com/servlets/ptres/71246.jsp

AMInvest are of the view that the net profit of the 100MW AI section of Johor DC could potentially be more than RM1bil per year.

Assuming a full take up of 500MW, the Johore AI DC the potential net earnings could potentially be a whooping RM5 billion per annum.

This is based on a net profit margin of 20% on revenue of RM7bil Our revenue estimate of RM7bil assumes a fee o US$2.13/GPU/hour and 78,431 GPUs (graphics processing unit). Our conservative assumption of US$2.13/GPU/hour is half of Coreweave’s charges of US$4.25/GPU/hour fo Nvidia’s H100 chip. YTLP’s fee could potentially be highe than Coreweave as the group would be using the latest Nvidia GB200 Grace Blackwell superchip

Based on Aminvest. research report- Decoding DC earnings.

https://klse1.i3investor.com/servlets/ptres/71246.jsp

KJTS to ride on Data Cente boom in Malaysia as Cooling Systems are Required particularly DCS.

KJTS offers cooling energy management for District Cooling Systems (DCS) and chiller plants owned by our clients, as well as those that are partially or fully financed by us. Our goal is to help clients minimize the electricity consumed and associated costs of cooling their buildings and facilities. By doing so, we aim to support environmental sustainability by reducing carbon footprint.

Our services include:

Design and construction of new DCS and chiller plants
Retrofit and upgrade of existing DCS and chiller plants
Operation and maintenance of DCS and chiller plants

Need for Malaysia to stay at forefront of AI development
--------------------------------------------------
Publish date: Tue, 7 May 2024, 6:02 PM

CYBERJAYA: YTL Communications Sdn Bhd chief executive officer Wing K Lee has emphasised the importance of Malaysia staying at the forefront of Artificial Intelligence (AI) development.

Wing said deploying an AI supercomputer within Malaysia, particularly integrated with the YES network, will ensure minimal latency.

"Even on another network, the latency will be very good because it is domestic. That in turn, will give Malaysians a competitive match compared to Singapore and Taiwan," he told reporters at Experian Malaysia's GenAI Tech Week here today.

Wing observed that currently, Malaysians, whether they are AI developers or users, encounter increased latency when accessing hyper scalers outside Malaysia, necessitating trips to places like Singapore, Taiwan, the US or the UK.

"But if latency goes up, it may not be competitive. By having low latency access to high graphics processing units (GPU), like we are doing, we can provide equal access to high quality AI to all Malaysians, wherever they are in the country," he added.

https://klse1.i3investor.com/blogs/savemalaysia/2024-05-07-story-h-181926536-Official_Johor_preparing_autonomous_transit_proposal_for_Putrajaya.jsp

Johore Govt is proposing this project to.the Federal Govt.

Theta Edge earlier proposed an autonomous rapid transit (ART) system in Johor Bahru, in collaboration with SIPP Rail Sdn Bhd, Mobilus Sdn Bhd and Lion Pacific. A 24-member delegation from the Johor state government, led by the state’s Public Works, Transport, Infrastructure and Communications exco Mohamad Fazli Mohamad Salleh, went to Kuching in February for a test ride on the ART prototype vehicle.

HTP's paid up is small at 100M. And free float is not a lot. Easy for TS Wong & Associates to push sky high.

Looks like the RM1 billion NIISe project most likely be awarded to H TPadu or
a JV with Theta.

YTLP is in such a sweet spot- Water & Power.


The report also highlighted the need to improve the water and power industry in Johor, as some experts have flagged disruptions in both as areas of concern.

The data centre industry is both power and water intensive.

https://www.nst.com.my/business/corporate/2024/05/1046842/johor-now-largest-data-centre-market-malaysia-driven-investments

YTL Power has Water (Ranhill) and Power ( Green Solar Power). .

This may be big stumbling blocks to new Data Centre entrants to the Johore state.

https://klse1.i3investor.com/blogs/Goldberg/2024-05-06-story-h-181956386-Kelington_Group_Berhad_to_reap_the_benefits_of_a_diversified_business_s.jsp

https://klse1.i3investor.com/blogs/Goldberg/2024-05-06-story-h-181957251-YTL_POWER_Powering_Ahead_with_Data_Centres.jsp

YTL Group powers to the top of FBM KLCI constituents list
----------------------------------------------------------
Author: savemalaysia | Publish date: Mon, 6 May 2024, 9:07 AM

KUALA LUMPUR: YTL Corp Bhd and subsidiary YTL Power International Bhd have shot up to the top 15 list of the FTSE Bursa Malaysia KLCI (FBM KLCI) constituents since their inclusion last December.

YTL POWER - De-coding DC Earnings


Source : AmInvest

Stock : YTLPOWR
Price Target : 6.25
Price Call : BUY
Last Price : 4.88
/Downside : +1.37 (28.07%)

Investment Highlights

We maintain BUY on YTL Power International (YTLP) with a higher SOP-based fair value of RM6.25/share vs RM5.10/share previously. Our revised fair value implies FY25F PE of 16x and FY26F PE of 13x. We ascribe a 3-star ESG rating to YTLP.

YTL's 664 hectares of land in Kulai earmarked for GREEN POWER viz Large Scale Solar Farms.

Back in 2021, YTL Power’s 70%-owned subsidiary Sultan Iskandar Power Station had purchased 664 ha of oil palm estates for RM429mil from Boustead Plantations Bhd with the intention to develop large-scale solar plants.

RHB Research said 275 acres of the land is being carved out to develop a 500MW Green Data Centre Park with a total investment value of RM15bil, with the DC being owned by YTL Data Center Holdings Pte Ltd, a wholly subsidiary of YTL Power.

1 hectare = 2.47 acres.

YTL's 664 hectares of land in Kulai earmarked for GREEN POWER viz Large Scale Solar Farms.

Back in 2021, YTL Power’s 70%-owned subsidiary Sultan Iskandar Power Station had purchased 664 ha of oil palm estates for RM429mil from Boustead Plantations Bhd with the intention to develop large-scale solar plants.

RHB Research said 275 acres of the land is being carved out to develop a 500MW Green Data Centre Park with a total investment value of RM15bil, with the DC being owned by YTL Data Center Holdings Pte Ltd, a wholly subsidiary of YTL Power.

1 hectare = 2.47 acres.

“We expect further expansion of KJTS’s recurring revenue base as it secures more projects, mainly EPCC jobs,” said KAF in a report initiating coverage on the stock with a “buy” call and 78 sen target price.

No worries bro next week can breach 70 sen.

Terminal 5 (T5) of the Changi International Airport in Singapore is being developed to meet the growing passenger traffic at the airport. Estimated to cost approximately $10bn (RM35 BILLION) , the project marks the biggest expansion at Changi Airport to date.

The launch of this major construction tender will be very good for YTL's cement business in Singapore

https://www.airport-technology.com/projects/terminal-5-changi-international-airport/#:~:text=Terminal%205%20(T5)%20of%20the,at%20Changi%20Airport%20to%20date.

AI's Boom secret winner- POWER
----------------------------------------------------------------------------
“Power demand from data centers has already been humongous, then came the AI hype and the need for power skyrocketed,” said Manju Naglapur, senior vice president and general manager for cloud, applications and infrastructure solutions at Unisys Corp. “With all the money spent on data centers, the power consumption will increase massively.”


https://finance.yahoo.com/news/ai-boom-secret-winners-companies-150007470.html

Fully agree with you @Sslee- OTB buy calls on YTL and YTLp since mid last year is astounding to say the least. He has now probable made a battalion of millionaires.

Yes just be grateful to OTB.

Next stop is the magical 4.28 - still very well supported by solid fundamentals even at 4.28.

Kenanga Inv. Bhd's remarks on the collaboration with Samsung.

The access to wafer foundries transforms IC design houses like OPPSTAR into enablers (i.e. converting concepts into tangible products) for fabless tech players such as Nvidia, Qualcomm, Broadcom, AMD, and MediaTek.

The demand for customised IC design is strong on the back of the proliferation of IoT devices, autonomous vehicles, and artificial intelligence (AI) applications. Meanwhile, statistics from Market.us reveal that the 14nm node (part of the "14nm/16nm" family) holds the largest share of global process nodes at c.28%. This dominance stems from the well-established nature of the 14nm process node, boasting high yield rates at a comparatively affordable price compared to leading-edge nodes. Moreover, the 14nm node remains highly capable for modern-day applications, as evidenced by products such as the Exynos 8 Octa, Nvidia GTX1080, and Tesla UBQ01B0 full self-driving processor, offering an ideal balance between performance and affordability.

https://klse1.i3investor.com/servlets/ptres/71224.jsp

Oppstars collaboration with Samsung Electronics the world's 2nd largest semicon company is a sign of more good deals to come. Just piggy back on Samsung is a massive boost for the young Star.However this collaboration will incur some "gestation " time. Hence patience and holding power is required. Profits won't roll in overnight so to speak.

Folks keep calm and lets talk power here Thanks.

AI Boom’s Secret Winners?

The Companies Expected to Power It.

Utilities esp POWER to see booming demand as more data centers go online

‘Power consumption will increase massively.

Singapore looks elsewhere amid doubt over Indonesia's green power exports

This was last years article. There may still be issues to be ironed out in Indonesia with regards to exporting green power.

By the way Singapores projected power requirements is massive and I doubt power seraya will be affected. YTLP's construction of a 600 megawatts hydrogen-ready CCGT is estimated to cost S$800 million and is targeted to be completed by Dec 31 2027.

https://www.thestar.com.my/aseanplus/aseanplus-news/2023/07/19/singapo...

Singapore looks elsewhere amid doubt over Indonesia's green power exports

This was last years article. There may still be issues to be ironed out in Indonesia with regards to exporting green power.

By the way Singapores projected poor requirements is massive and I doubt power seraya will be affected. YTLP's construction of a 600 megawatts hydrogen-ready CCGT is estimated to cost S$800 million and is targeted to be completed by Dec 31 2027,

https://www.thestar.com.my/aseanplus/aseanplus-news/2023/07/19/singapore-looks-elsewhere-amid-doubt-over-indonesia039s-green-power-exports

@ Agil -Absolutely, these facts are irrefutable or rather cannot be denied by a sound minded person.


YTL Power's competitive advantages which are factual are as follows:-

1) YTL Power is the only company outside the US that has first hand access to Nvidia's latest Blackwell B200 GPUs

2) YTL Power already has a big piece of land in Kulai sufficient to support up to 500MW of green data centres, and the land is already developed with basic infrastructure ready for AI data centre installation

3) YTL group has the construction expertise and track records to develop data centres at competitive cost.

4) YTL group has the financial resources to start basic construction early and can do innovative financing to fund the capex, to offer certainty of delivery in Malaysia

5) YTL Power can build and run data centres at its Kulai site at very competitive costs, given that it has land and financial resources to put up solar power to lower the cost of electricity for powering the data centre, and it owns a strategic stake in Ranhill which will supply sufficient water to the data centre park at competitive pricing

Thanks @ Dragon

These are the most powerful quotes by Jensen Huang- Viz Nvidia AI Powered Data Centres.

Huang told analysts, "Fundamentally, the conditions are excellent for continued growth in calendar ’24, to calendar ’25 and beyond."

"We now have a new type of data center that is about AI generation, an AI generation factory," he said. "And you’ve heard me describe it as AI factories. But basically, it takes raw material, which is data, it transforms it with these AI supercomputers that Nvidia builds, and it turns them into incredibly valuable tokens."

Guess what, YTL is handpicked by this genius ( J Huang/Nvidia) to collaborate on Green AI Data Centres in Kulai.

Oppstar is the only listed chip design company in Bursa.


Oppstar is the only chip design company listed on the Kuala Lumpur stock exchange is also a sign of how far the country -- once known as the 'Silicon Valley of the East' -- still has to go if it is to return to its former tech glory.

"We would need more Malaysian front-end companies to excel and have an increased significant presence on the international stage in order to lift the country's profile within the front-end markets," said Steven Chan, senior equity analyst at Malaysia's Affin Hwang Investment Bank.

The state of Penang has been known for decades as a cluster for back-end chipmaking processes, including packaging, assembly and testing, which are less advanced than wafer fabrication and other so-called front-end processes.

Startups like Oppstar are looking to change that by breaking out of the back-end and into areas like chip design.

Malaysian Trade Minister Zafrul Aziz says the government seeks to foster such activities. "Nurturing a vibrant startup culture is crucial," he told Nikkei Asia.

Meanwhile, Oppstar Bhd is collaborating with South Korea’s tech giant Samsung Electronics Co Ltd for the production of industrial ICs manufactured using Samsung’s 14 nanometre (nm) FinFET technology foundry process.

Both parties are also desirous to explore cooperation on any other future projects that may arise, which align with their mutual business interests and capabilities. This encompasses exploring new opportunities and leveraging each other’s strengths to enhance their business partnership

Well said Dave - totally agree with you.

The mother of all TPs where even IBs dare not tread.

TP given by Wolf of Wall Street of Rm6.00 I- not impossible but astounding.

YTL Corporation Berhad's estimated fair value is RM6.06 based on 2 Stage Free Cash Flow to Equity

https://finance.yahoo.com/news/ytl-corporation-berhads-klse-ytl-231204586.html

KGB poised to surge on the uptrend in Semis.
--------------------------------------------------
KGB for: (i) being a direct proxy to the front-end wafer fab expansion,

(ii) its solid earnings visibility underpinned by both robust order book of RM1.3b and tender book of >RM1.9b

(iii) its strong foothold in multiple markets, i.e. Malaysia, Singapore and China.

(iv) KGB starts production at second LCO2 plant.

I believe Q1 2024 result should be good.

I don't blame them Dave YTL is arguably the best stock to buy and keep. However its good to diversify ones portfolio in to good well run and good divvy stocks like Crescendo.

PE of 15 is RM6.30

In a few days time Crescendo will receive another rm 111 million. Just based on profits from 3 land sales, Crescendo Q1 FY25 will make at least rm 335 million after tax or rm 1.15 per share for the First Quarter FY25. ( announcement due in late June) More special dividends may be in the offing or even a bonus issue.

I feel the above developments will be a powerful catalyst for Crescendo to surge past RM4.80. In the meantime I expected Crescendo to trade in a range of 3.50-3.80 level.

Be patient folks.

AI Boom’s Secret Winners?

The Companies Expected to Power It. YTLP.s Green Green Power & Water -set to benefit

Utilities to see booming demand as more data centers go online.- YTL, TNB & Ranhill.

https://www.bloomberg.com/news/articles/2024-04-27/ai-boom-s-secret-winners-the-companies-expected-to-power-it?embedded-checkout=true

AI Boom’s Secret Winners?

The Companies Expected to Power It. YTLP.s Green Green Power & Water -set to benefit

Utilities to see booming demand as more data centers go online.- YTL, TNB & Ranhill.

https://www.bloomberg.com/news/articles/2024-04-27/ai-boom-s-secret-winners-the-companies-expected-to-power-it?embedded-checkout=true

https://finance.yahoo.com/news/ytl-corporation-berhads-klse-ytl-231204586.html

Key Insights

YTL Corporation Berhad's estimated fair value is RM6.06 based on 2 Stage Free Cash Flow to Equity

Current share price of RM3.03 suggests YTL Corporation Berhad is potentially 50% undervalued

Our fair value estimate is 111% higher than YTL Corporation Berhad's analyst price target of RM2.87

Key Insights

YTL Corporation Berhad's estimated fair value is RM6.06 based on 2 Stage Free Cash Flow to Equity

Current share price of RM3.03 suggests YTL Corporation Berhad is potentially 50% undervalued

Our fair value estimate is 111% higher than YTL Corporation Berhad's analyst price target of RM2.87

https://finance.yahoo.com/news/ytl-corporation-berhads-klse-ytl-231204586.html

Pos Stock M-Cap as at 26/4 P/E
------------------------------------------------------------------
1 MAYBANK 118135461959.68 12.29
2 PBBANK. 81719012204.35 12.28
3 CIMB 70593871096.70. 9.86
4 TENAGA 68984995902.32. 26.50
5 IHH 55219842743.01 16.28
6 PCHEM 54960000000.00. 31.41
7 CDB 49037703389.84. 31.30
8 PMETAL 44081955112.30 29.05
9 HLBANK 41750254149.84 10.67

10 YTLPOWR 36125825721.96. 10.69

11 PETGAS 35656749108.30 18.76
12 MISC. 35219327582.67. 17.98

13 YTL 33427033750.20 9.03

14 SIMEPLT 30636615682.43 15.07
15 NESTLE 29828400000.00 45.20
16 MAXIS 28038836053.80 28.26
17 IOICORP 25455055929.75. 28.70
18 KLK 25276697918.00. 32.71
19 AXIATA 25250274175.50. loss
20 RHBBANK 23574914555.50. 8.39
21 TM 23447908790.80. 12.44
22 PPB 22619323130.10 15.92
23 PETDAG 21697035360.00 22.44
24 SUNWAY 19644237976.54. 22.96
25 HLFG 19324184427.60 6.64
26 SIME. 19151829191.37 5.12
27 GENTING 17407263484.51. 7.68
28 AIRPORT 17019255206.40. 31.33
29 QL 15672751975.16 35.20
30 GENM 15438916084.80. 42.78
31 MRDIY 14550607366.68. 25.95
32 GAMUDA 14540621082.75 16.17
-------------------------------------------------------------------

YTL & YTLP is still considered value buys due to its undemanding or rather low PE valuation coupled with its high growth prospects in Green Data Centre Park using the most powerful AI Technology- in collaboration with Nvidia.

The cheapest Composite Index stocks (YTL & YTLP- in terms of PE Ratio. Just around 10 times- so much room to catch up with the average PE of 15 ( CI 30 counters.).

The cheapest Composite Index stocks (YTL & YTLP- in terms of PE Ratio. Just around 10 times- so much room to catch up with the average PE of 15 ( CI 30 counters.).

EAGLE don't be a chicken. - YTL & YTLP- both are Gems - Multi bagger stocks.

The decision to sell buy or hold is always yours. If your target is reached by all means sell.

Hmmm interesting news for YTL n YTLP - both. will fly like an EAGLE

In the research report update yesterday by Hong Leong, it gave an update on YTL Power's data centre business:

i) YTLDC – a 500MW capacity of green data centre plan over 10 years (depending on demand). We understand the first phase of the planned 48MW DC1 (mainly for Shopee) will begin contributing in 4QFY24. YTLDC has also started construction for DC2 (estimated 100MW) for AI cloud infrastructure (under YTLCom) and is working on next DCs in the pipeline (potentially 100MW each) for potential clients. When the segment matures, the earnings contribution could be in the tune of billions and we do not discount potential monetisation of the assets.

ii) AI-DC – estimated 100MW, collaborating with NVidia for technology and support (under YTLCom). We understand the first stage will be utilizing NVidia’s H100 chipsets and the subsequent stage will be utilizing NVidia recently launched GB200 chipsets. We understand that YTL will be one of first deployment of GB200 globally (given priority by NVidia), thereby resulting strong demand for YTL’s AI infrastructure. Given YTL’s strong balance sheet, we reckon it could become NVidia’s go to partner for ASEAN expansion.

iii) RE ventures – 500MW LSS to support YTLDC’s green powered capacity with further growth opportunities for potential RE export growth. Up to 122.5MW WTE to be co-developed with KDEB.

YTL Corp remains undervalued with solid earnings, upside potential

“YTL Corp has strong catalysts from strong earnings momentum (driven by the utilities segment), strong cash flow and dividend payout, [its] leverage to mega infrastructure projects, and new ventures into DC (data centre) and RE (renewable energy) segments for the group’s next stage of growth,” it noted.


https://theedgemalaysia.com/node/709306

YTL Corp remains undervalued with solid earnings, upside potential

“YTL Corp has strong catalysts from strong earnings momentum (driven by the utilities segment), strong cash flow and dividend payout, [its] leverage to mega infrastructure projects, and new ventures into DC (data centre) and RE (renewable energy) segments for the group’s next stage of growth,” it noted.


HLIB