https://www.thestar.com.my/business/business-news/2024/05/07/amazon-to-spend-nearly-us9bil-to-expand-cloud-infra-in-singapore

Kenanga New TP 4.10 ⚒
Uniholder TP 4.28 ⚒
CLSA TP RM 4.40 ⚒
RHB New TP RM4.69 ⚒
SimplyyWlSt TP RM4.95 ⚒
AmInvest New TP 5.10 😁
HLIB New TP RM 5.55 😁
KAF New Equities TP 4.47 ⚒
Maybank TP 4.00 ⚒
TA New TP 4.48 ⚒
CGS New TP4.50 ⚒
CLSA New TP 4.65 ⚒
AmInvest New2 TP 6.25 😁
Nomura TP 5.70 😁
@MrFox New TP 5.50 😁
CLSA New2 TP 5.10 😁
@OTB TP 6.30 😁

update 9:23am 07-May-2024

@lefty88 sorry too many ularsawa missed out his TP @OTB what is your TP?

Kenanga New TP 4.10 ⚒
Uniholder TP 4.28 ⚒
CLSA TP RM 4.40 ⚒
RHB New TP RM4.69 ⚒
SimplyyWlSt TP RM4.95😁
AmInvest New TP 5.10 😁
HLIB New TP RM 5.55 😁
KAF New Equities TP 4.47 ⚒
Maybank TP 4.00 ⚒
TA New TP 4.48 ⚒
CGS New TP4.50 ⚒
CLSA New TP 4.65 ⚒
AmInvest New2 TP 6.25 😁
Nomura TP 5.70 😁
@MrFox New TP 5.50 😁
CLSA New2 TP 5.10 😁

Kenanga New TP 4.10 ⚒
Uniholder TP 4.28 ⚒
CLSA TP RM 4.40 ⚒
RHB New TP RM4.69 ⚒
SimplyyWlSt TP RM4.95😁
AmInvest New TP 5.10 😁
HLIB New TP RM 5.55 😁
KAF New Equities TP 4.47 ⚒
Maybank TP 4.00 ⚒
TA New TP 4.48 ⚒
CGS New TP4.50 ⚒
CLSA New TP 4.65 ⚒
AmInvest New2 TP 6.25 😁
Nomura TP 5.70 😁
@MrFox New TP 5.50 😁

Summary of TP

@MrFox sorry brother, will add in.

Kenanga New TP 4.10 ⚒
Uniholder TP 4.28 ⚒
CLSA TP RM 4.40 ⚒
RHB New TP RM4.69 ⚒
SimplyyWlSt TP RM4.95😁
AmInvest New TP 5.10 😁
HLIB New TP RM 5.55 😁
KAF New Equities TP 4.47 ⚒
Maybank TP 4.00 ⚒
TA New TP 4.48 ⚒
CGS New TP4.50 ⚒
CLSA New TP 4.65 ⚒
AmInvest New2 TP 6.25 😁
Nomura TP 5.70 😁

Summary of TP

https://www.ema.gov.sg/content/dam/corporate/resources/statistics/files/pdf/Average-Monthly-USEP.pdf.coredownload.pdf

USEP is going higher, expect 3rd Q result not much impacted.

https://theedgemalaysia.com/node/709726

Ranking Code Stock Last M-Cap L4Q P/E
1 1155 MAYBANK 9.77 $117,894,122,916 12
2 1295 PBBANK 4.19 $81,330,798,370 12
3 1023 CIMB 6.59 $70,380,273,907 10
4 5347 TENAGA 11.9 $68,869,249,265 26
5 5225 IHH 6.3 $55,484,052,517 16
6 5183 PCHEM 6.91 $55,280,000,000 32
7 6947 CDB 4.17 $48,920,388,310 31
8 8869 PMETAL 5.35 $44,081,955,112 29
9 5819 HLBANK 19.4 $42,053,734,710 11
10 6742 YTLPOWR 4.8 $39,231,665,942 12
11 6033 PETGAS 18.02 $35,656,749,108 19
12 3816 MISC 7.94 $35,442,517,238 18
13 4677 YTL 3.19 $35,192,157,645 10
14 5285 SIMEPLT 4.49 $31,051,558,558 15
15 4707 NESTLE 127 $29,781,500,000 45
16 6012 MAXIS 3.65 $28,587,081,452 29
17 6888 AXIATA 2.8 $25,709,370,070
18 1961 IOICORP 4.06 $25,517,907,920 29
19 2445 KLK 23.1 $25,386,596,605 33
20 4863 TM 6.17 $23,678,166,488 13
21 1066 RHBBANK 5.49 $23,532,051,074 8
22 4065 PPB 15.92 $22,647,775,109 16
23 5681 PETDAG 21.64 $21,498,344,560 22
24 5211 SUNWAY 3.48 $19,708,811,961 23
25 1082 HLFG 16.76 $19,232,383,076 4
26 4197 SIME 2.79 $19,015,517,240 5
27 3182 GENTING 4.53 $17,562,339,328 8
28 5014 AIRPORT 10 $16,685,544,320 31
29 7084 QL 6.51 $15,843,107,975 36
30 4715 GENM 2.62 $15,557,676,978 43
31 5296 MRDIY 1.56 $14,739,576,294 26
32 5398 GAMUDA 5.3 $14,679,103,188 16
33 1015 AMBANK 4.22 $13,985,860,042 8
34 7277 DIALOG 2.43 $13,719,568,789 24


YTLP + YTL Market Cap > Tenaga.

Below are the data sources, inputs and calculation used to determine the intrinsic value for YTL Power International Berhad.

KLSE:YTLPOWR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Up to 2 Analyst Estimates on Average (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 5-Year Average of MY Long-Term Govt Bond Rate 3.5%
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for KLSE:YTLPOWR
Data Point Calculation/ Source Result
Risk-Free Rate 5-Year Average of MY Long-Term Govt Bond Rate 3.5%
Equity Risk Premium S&P Global 6.4%
Integrated Utilities Unlevered Beta ximply all St/ S&P Global 0.33
Re-levered Beta = 0.33 + [(0.66 * Unlevered beta) * (1 + (1 - tax rate) (Debt/Market Equity))]
= 0.33 + [(0.66 * 0.333) * (1 + (1 - 24.0%) (88.95%))] 0.704
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm) 0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.54% + (0.800 * 6.35%) 8.62%
Discounted Cash Flow Calculation for KLSE:YTLPOWR using 2 Stage Free Cash Flow to Equity

The calculations below outline how an intrinsic value for YTL Power International Berhad is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 10 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

KLSE:YTLPOWR DCF 1st Stage: Next 10 years cash flow forecast
Levered FCF (MYR, Millions) Source Present Value
Discounted (@ 8.62%)
2024 2,876.23 Analyst x3 2,647.97
2025 2,050.4 Analyst x1 1,737.88
2026 4,712.13 Analyst x3 3,676.95
2027 6,566.71 Analyst x1 4,717.46
2028 8,027.99 Est @ 22.25% 5,309.55
2029 9,363.78 Est @ 16.64% 5,701.54
2030 10,553.86 Est @ 12.71% 5,916.2
2031 11,604.87 Est @ 9.96% 5,989.1
2032 12,537.08 Est @ 8.03% 5,956.74
2033 13,375.2 Est @ 6.69% 5,850.63
Present value of next 10 years cash flows MYR47,504.02
KLSE:YTLPOWR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value FCF2033 × (1 + g) ÷ (Discount Rate – g)
= MYR13,375.2 x (1 + 3.54%) ÷ (8.62% - 3.54% ) MYR272,611.85
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
MYR272,612 ÷ (1 + 8.62%)10 MYR119,246.8
KLSE:YTLPOWR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= MYR47,504 + MYR119,247 MYR166,750.83
Equity Value per Share
(MYR) = Total value / Shares Outstanding
= MYR166,751 / 8,103 MYR20.58
KLSE:YTLPOWR Discount to Share Price
Calculation Result
Value per share (MYR) From above. MYR20.58
Current discount Discount to share price of MYR4.42
= (MYR20.58 - MYR4.42) / MYR20.58 78.5%

@dragon328, can sent me the report? Thank you in advance.

@Dragon328, thanks for sharing on the valuation. too much spam and hardly can go thru all the spam.... Please stop the spam war!

Pos Code Stock M-Cap L4Q P/E
1 1155 MAYBANK 118135461959.68 12.29
2 1295 PBBANK 81719012204.35 12.28
3 1023 CIMB 70593871096.70 9.86
4 5347 TENAGA 68984995902.32 26.50
5 5225 IHH 55219842743.01 16.28
6 5183 PCHEM 54960000000.00 31.41
7 6947 CDB 49037703389.84 31.30
8 8869 PMETAL 44081955112.30 29.05
9 5819 HLBANK 41750254149.84 10.67
10 6742 YTLPOWR 36125825721.96 10.69
11 6033 PETGAS 35656749108.30 18.76
12 3816 MISC 35219327582.67 17.98
13 4677 YTL 33427033750.20 9.03
14 5285 SIMEPLT 30636615682.43 15.07
15 4707 NESTLE 29828400000.00 45.20
16 6012 MAXIS 28038836053.80 28.26
17 1961 IOICORP 25455055929.75 28.70
18 2445 KLK 25276697918.00 32.71
19 6888 AXIATA 25250274175.50
20 1066 RHBBANK 23574914555.50 8.39
21 4863 TM 23447908790.80 12.44
22 4065 PPB 22619323130.10 15.92
23 5681 PETDAG 21697035360.00 22.44
24 5211 SUNWAY 19644237976.54 22.96
25 1082 HLFG 19324184427.60 4.42
26 4197 SIME 19151829191.37 5.00
27 3182 GENTING 17407263484.51 7.68
28 5014 AIRPORT 17019255206.40 31.33
29 7084 QL 15672751975.16 35.20
30 4715 GENM 15438916084.80 42.78
31 5296 MRDIY 14550607366.68 25.95
32 5398 GAMUDA 14540621082.75 16.17
33 1015 AMBANK 14052143738.56 7.62

YTL+YTLP > TENAGA

@dragon328 can share the HLIB article? kamsia.

NSP down to 14,449,837

NSP further reduced to 16,837,269

NSP further reduced to 19,640,769

@Kicapmanis Net Short Position, indicate shortie position of bull/bear

NSP further reduced to
6742 YTLPOWR YTL POWER INTERNATIONAL
BERHAD 20,398,069

https://www.thestar.com.my/business/business-news/2024/03/26/kelington-starts-production-at-second-lco2-plant

@UlarSawa, you are right!!! shout too early. 🤣🤣🤣. Stock market is always forward looking.

@dragon328 thank you so much for your sharing. 2025 will be good year for YTLP

@dragon328 CoreWeave will have about 45,000 GPU (NVIDIA HGX H100) in 2024, with each GPU rent @ USD4.76 per hour. If 90% of the capacities is on rent, it will generate about USD1.688Billion of revenue in 2024. How do you think YTL AI DC of 100MW will be like when all is deployed? Conservative guess will do.

https://www.ytlaicloud.com YTL AI CLOUD, YTL Creates One of the World’s Most Advanced Supercomputers, Powered by NVIDIA Grace Blackwell-based DGX Cloud

Global Network of Blackwell Partners
Blackwell-based products will be available from partners starting later this year.

AWS, Google Cloud, Microsoft Azure and Oracle Cloud Infrastructure will be among the first cloud service providers to offer Blackwell-powered instances, as will NVIDIA Cloud Partner program companies Applied Digital, CoreWeave, Crusoe, IBM Cloud and Lambda. Sovereign AI clouds will also provide Blackwell-based cloud services and infrastructure, including Indosat Ooredoo Hutchinson, Nebius, Nexgen Cloud, Oracle EU Sovereign Cloud, the Oracle US, UK, and Australian Government Clouds, Scaleway, Singtel, Northern Data Group's Taiga Cloud, Yotta Data Services’ Shakti Cloud and YTL Power International.

https://nvidianews.nvidia.com/news/nvidia-blackwell-platform-arrives-to-power-a-new-era-of-computing

https://theedgemalaysia.com/node/705069
KUALA LUMPUR (March 19): YTL Power International has set up YTL AI Cloud, a specialised provider of massive-scale graphics processing unit (GPU)-based accelerated computing, to deploy and manage one of the world’s most advanced supercomputers on Nvidia Grace Blackwell-powered DGX Cloud, an artificial intelligence (AI) supercomputer for accelerating the development of generative AI.

In a statement on Tuesday, YTL Power said it is among the first companies to adopt the Nvidia GB200 NVL72, which is a multi-node, liquid-cooled, rack-scale system with fifth-generation NVLink.

It said the supercomputer will be interconnected by the Nvidia Quantum InfiniBand networking platform.

The platform acts as a single GPU with 1.4 exaflops of AI performance and 30TB of fast memory, and is designed for the most compute-intensive workloads.

The YTL AI Supercomputer will surpass more than 300 exaflops of AI compute, making it one of the fastest supercomputers in the world.

Nvidia founder and chief executive officer Jensen Huang said Nvidia is working with YTL AI Cloud to bring a world-class accelerated computing platform to Southeast Asia, helping to drive scientific research, innovation and economic growth across the region.

““This latest supercomputer marks one of the first deployments of the NvidiA GB200 Grace Blackwell Superchip on DGX Cloud, supporting the growth of accelerated computing in the Asia-Pacific region,” he said.

YTL Power managing director Datuk Seri Yeoh Seok Hong said the company is proud to be working with Nvidia and the Malaysian government to bring powerful AI cloud computing to the country.

“We are excited to bring this supercomputing power to the Asia-Pacific region, which has been home to many of the fastest-growing cloud regions, and many of the most innovative users of AI in the world,” he said.

The YTL AI Supercomputer will be located in a 1,640-acre (663.68-hectare) data centre facility in the YTL Green Data Center Campus, Johor, powered by a renewable energy source from its on-site 500MW solar power facility.

This supercomputer will help meet the demand for highly scalable, high-performance cloud-based solutions for AI and machine learning workloads. Johor is within 50km from some of the world’s densest network interconnection points in neighbouring Singapore.

YTLP NSP reduce to 24,120,969

NSP reduce on 08-Mar-2024 6742 YTLPOWR YTL POWER INTERNATIONAL
BERHAD 26,671,269

YTLPOWR YTL POWER INTERNATIONAL
BERHAD NSP 27,922,946

@newbie2y you are most welcome.

https://acrobat.adobe.com/id/urn:aaid:sc:AP:8e511a14-99e1-4b90-884e-ef85fd9f114c

Yesterday briefing PPT. For long term shareholder.

@Apple888 yes

@gohkimhock Business in China is not so easy, Q4FY2023 there is a impairment of RM11M for China operation, without this impairment profit will be at RM46Million. I would prefer selling more LCO2 to SG and other country.

MSCI inclusion after 450pm. HUGE volume, rebalancing of portfolio.

Look like most analysts very bullish after today management briefing, tomorrow more will update the TP.

https://www.youtube.com/watch?v=Rk3nTUfRZmo

Understand How Microsoft using the Nvidia H100 in Azure.

Extract from Q4 report. >>>>>
The Groupís total debt reduced to RM188.0 million as at 31 December 2023 against RM245.0 million as at 31 December 2022. The reduction in debt was
mainly due to the repayment of borrowing in Malaysia and Singapore. The notable improvement in net cash balance to RM81.0 million in 2023 from
RM14.9 million in 2022 attributed primarily to both debt repayment and the proactive utilisation of working capital.
Consequently, the Group's financial position remains strong and healthy with gearing ratio at 0.56 times.
>>>>>>
Free cash flow of RM100M for 2023.

FPE of 12

earn 102.65 millions in 2023. sales 1.6 B.

https://www.youtube.com/watch?v=a_tXcmEeGxo
Quick Tour of NVIDIA DGX H100, watch this.

@dragon328 I think @ks55 will wait till all the AI DC profit show in YTLPower annual audited account only start buying. some just like to shout and wait, so just wait, no harm to existing shareholders.

after 29Feb2024, Call warrant expired date end Feb.

now you see the power of foreign fund!!!

Kenanga New TP 4.10 ⚒
Uniholder TP 4.28 😁
CLSA TP RM 4.40 😁
RHB New TP RM4.69😁
SimplyyWlSt TP RM4.95😁
AmInvest New TP 5.10 😁
HLIB New TP RM 5.55 😁
KAF New Equities TP 4.47 😁
Maybank TP 4.00 😁
TA New TP 4.48 😁
CGS New TP4.50 😁
CLSA New TP 4.65 😁
Affin Hwang TP 2.70 ⚒

Source: Bloomberg/The Edge

@ks55

Until now everything is silent on this investment. What is the total cost? What we know owner is YTL Communications Sdn Bhd. To what extend Nividia is involved?

YTL Communications Sdn Bhd. is 60% wholly owned subsidiary of YTL Power, there are 40% other shareholder who will foot the bills. As of now, nobody know how it will be structure out, take out the DC business, YTLPower is already cheap. Nvidia committed to supply the processors that is the important things, leadtime with high volume of Nvidia processor can be 6 months to 12months. Most likely rainbow bond will be issued with warrants to make the bond attractive and to rewards long term shareholders. It has been years since the last bond issued.

@dragon328 can pm me Hong Leong report?

@dragon328, you are right USEP impact is not big for YTLPower compare to other players. Higher SGD do help to maintain the profit.

Free cash flow of 1.5Billion for 1H 2024 year,