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Overview
Financial Highlight
HeadlinesBusiness Background YTL Corp Bhd is a global holding company that operates in the infrastructure development space through its subsidiaries. YTL Corp has a wide variety of operations, including activities in the construction, power generation and transmission, water and sewage facilities, communications, cement manufacturing, property development and investment, hotel development and management, e-commerce, and Internet education services industries. The company’s largest segment is its Utilities division, which houses its electricity generation and water management businesses. YTL mainly generates revenue from selling electricity, water, and other goods, such as cement and real estate. The company’s primary geographic areas include Malaysia, the U.K., and Singapore, from which it derives most of its revenue.
  888newbie No point buying this hotel. Better return the funds to your shareholders if you have no better ideas on how to utilise them. Dividends have dropped by more than 50% in the last few years. 31/01/2019 1:55 PM signalmw （吉隆坡3日讯）隨著首相敦马哈迪示意若中国同意，东海岸铁路计划（ECRL）的工程规模缩小后可以继续进行，分析员认为虽然这对建筑领域来说是一项好消息，但东铁计划的谈判过程可能非常漫长。 国阵政府于2016年10月21日批准这连接巴生港至吉兰丹彭加兰古堡（Pengkalan Kubor），长达688公里的东海岸铁路计划，並在同年11月1日与中国交通建设公司（CCCC）签署工程、採购、施工和调试协议，从中取得中国进出口银行部份融资。 第14届大选结束后，財政部长林冠英指出，该项目的实际成本为810亿令吉，而非早前公佈的550亿令吉，因此在2018年7月搁置该项目。 达证券分析员看好东铁计划將是建筑领域未来的潜在利好因素，为达到友好的解决方案，上述协商可能漫长且耗时，因这与本地发展商合作的项目不同，东铁计划是政府与政府之间的合作，而搁置项目產生的额外成本，也可能是另一个棘手的问题。 31/01/2019 3:12 PM takashi86 Forget bout ECRL and HSR...long time to resolve... Is time to spread rumor again like, think bout privitize ytlp...lol 31/01/2019 6:39 PM takashi86 Hahaha...jialat liao... Profit drop till mere 45 million last quarter... God bless Francis. 27/02/2019 6:20 PM takashi86 We all dun hv to understand it...just francis knows it enuf...god bless him. 28/02/2019 5:02 PM yongch Hahaha...I think affin lost lots of money in this company...tp0.70??but I agree with it!!!TP 0.70!!! 04/03/2019 5:37 PM signalmw 令吉兑美元汇价在上周最后2个交易日急速走低，因美国第4季GDP增长率虽降至2.6%，但仍然超出经济学家预期的1.9%，激起了美联储今年料将加息的担忧情绪。 04/03/2019 8:54 PM myway KUALA LUMPUR (March 7): Finance Minister Lim Guan Eng (pictured) said today Bank Pembangunan Malaysia Bhd's RM3 billion Industry Digitalisation Transformation Fund forms a part of the nation's Budget 2019 initiatives to push Malaysia towards Industry 4.0 by accelerating the adoption of new technology including robotics, big data and artificial intelligence. Noting that Malaysia as a manufacturing-based and export-driven economy, Lim emphasised that the country cannot afford to be left behind by this massive change. "Managed by Bank Pembangunan, the fund will offer RM3 billion worth of loans with an interest subsidy of 2% for all Malaysian companies interested to digitalise their businesses and make the leap. With 23% of our 2018 GDP made up of the manufacturing sector that employed more than 2 million people, falling behind would disrupt the Malaysian economy in the worst possible ways. "Through the Industry Digitalisation Transformation Fund, we aim to fund the transformation of Malaysia's industrial capabilities by supporting the right ecosystem to make the country a preferred location for high tech manufacturing," Lim said here today in his keynote speech at the launch of the Industry Digitalisation Transformation Fund. He said the Malaysia Digital Economy Corp Sdn Bhd will collaborate with Bank Pembangunan to vet all applications for loans under the Industry Digitalisation Transformation Fund and ensure that the loans are channelled to the right sector for the right technology. https://www.theedgemarkets.com/article/guan-eng-bank-pembangunans-rm3b-fund-push-malaysia-towards-industry-40 08/03/2019 8:42 AM chamlo Now you can get to KLIA for just RM10. Why need ERL? Read more at https://www.thestar.com.my/news/nation/2019/03/08/now-you-can-get-to-klia-for-just-rm10-new-airport-shuttle-service-aims-to-boost-seamless-travel/#UClL4Wze7ddfPieF.99 https://www.thestar.com.my/news/nation/2019/03/08/now-you-can-get-to-klia-for-just-rm10-new-airport-shuttle-service-aims-to-boost-seamless-travel/ 13/03/2019 3:37 AM kankung https://www.pocketimes.my/无人岛建码头-公账会：查ytl/?fbclid=IwAR2wrA0c7IXxBc0GsHDICJmZ5AYdOXT8PrQhRl--N4xTNmE7w4MRpg-5C2Q# 18/03/2019 11:00 PM myway 2007年建好港口后就不再参与-杨忠礼集团无需负责 https://www.enanyang.my/news/20190319/2007%E5%B9%B4%E5%BB%BA%E5%A5%BD%E6%B8%AF%E5%8F%A3%E5%90%8E%E5%B0%B1%E4%B8%8D%E5%86%8D%E5%8F%82%E4%B8%8E-%E6%9D%A8%E5%BF%A0%E7%A4%BC%E9%9B%86%E5%9B%A2%E6%97%A0%E9%9C%80%E8%B4%9F%E8%B4%A3/ 19/03/2019 12:22 PM commonsense 1H19 result has been very disappointing with total profit to shareholder of only RM170.6 mil vs 1H18 of RM270mil. This represent a fall in profit by almost 40%. Even though some of the divisions profits like cement have improve slightly, it is still far from what the company had managed to achieve in previous years. The review, delay, cancellation or reduction in cost of some of the big infrastructure projects had somewhat affected the company’s cement and construction divisions performance. Given that the outlook of these industries is not expected to recover anytime soon, investors needs to prepare for the division to record similar profit level in the near future. The weaker performance of the utilities and property segment has also dragged the group total performance. These weaknesses are still expected to persist in the rest of FY19 and also in FY20. The average profit target to shareholders by multiple analysts are around RM450mil for FY19. This would mean that the company is already trading at a lofty valuation of 26x PE. Worst is that the profit is expected to fall further in FY20. If you are looking to hedge your portfolio outside of YTL (due to its weak earnings outlook and its high valuation) I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.4x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV. FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well). MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.3x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x. Good luck. 25/03/2019 10:16 AM takashi86 @Francis Yeoh, nah, your chance lai liao: https://www.channelnewsasia.com/news/singapore/hyflux-terminates-restructuring-plan-with-indonesian-investor-11411892?cid=fbcna&fbclid=IwAR1upGKKQ3UcDDlN7iOnC710z_gBH9fgORkfP1DhgVPedhkodXS2w17qnpc 04/04/2019 6:42 PM takashi86 @Francis Yeoh, nah, your chance lai liao: https://www.channelnewsasia.com/news/singapore/hyflux-terminates-restructuring-plan-with-indonesian-investor-11411892?cid=fbcna&fbclid=IwAR1upGKKQ3UcDDlN7iOnC710z_gBH9fgORkfP1DhgVPedhkodXS2w17qnpc 04/04/2019 6:43 PM takashi86 Not fly at all...just rebound bit...after all ntg exciting happen...zzz 08/04/2019 12:59 AM myway 东铁重启在望-高铁公开招标 http://www.enanyang.my/news/20190408/%E4%B8%9C%E9%93%81%E9%87%8D%E5%90%AF%E5%9C%A8%E6%9C%9B-%E9%AB%98%E9%93%81%E5%85%AC%E5%BC%80%E6%8B%9B%E6%A0%87/ 09/04/2019 8:27 AM takashi86 @armada, yeah...good one! Is time to spread rumour now! Ytl gonna privatise Ytlp loor...lol 09/04/2019 3:30 PM takashi86 Maybe is SBB kick in.... If due to HSR proposal...still long way to go... Even ECRL open tender again, dun think ytl stand a chance...just a show to tender, will still go for old main con i think... 09/04/2019 3:45 PM myway 隆新高铁有望复活-杨忠礼料是潜在赢家 http://www.enanyang.my/news/20190410/%E9%9A%86%E6%96%B0%E9%AB%98%E9%93%81%E6%9C%89%E6%9C%9B%E5%A4%8D%E6%B4%BB-%E6%9D%A8%E5%BF%A0%E7%A4%BC%E6%96%99%E6%98%AF%E6%BD%9C%E5%9C%A8%E8%B5%A2%E5%AE%B6/ 10/04/2019 9:23 PM l3ryan banking on the HSR surfacing again, if the news didn't turn out right again, another drop 12/04/2019 10:12 AM MokhzaniMM SBB till no more..YTL bank borrowing astronomical. Even gamuda n George K down. Kiss His MaJ (H) Siphoning (S) Rail (R) goodbye All tied up to drown with enormous commission agreements. No chance la once the trial starts. Bank accounts raided all will show. Better buy MMC. 15/04/2019 6:31 PM l3ryan HSR put in cold storage again... https://www.theedgemarkets.com/article/mahathir-highspeed-train-not-necessary-improve-current-rail-service 16/04/2019 3:51 PM Ben_Bernake https://www.theedgemarkets.com/article/ytl-corp-may-rebound-higher-says-rhb-retail-research YTL Corp may rebound higher, says RHB Retail Research 16/04/2019 6:30 PM Chris Khoo what happen to M? why keep u turn? why HSRCorp said appointment of technical consultant you said no HSR and later to compensate Singapore? 17/04/2019 6:26 AM armadasaxon Atm nothing to harvest from Singapore..so deal drag..maybe water deal will bring back up this deal. 17/04/2019 9:35 AM NotSafe2019 After Malaysia PM announce no HSR, it is clear investors should avoid this counter as all the investigations taken. Safer to buy non-crony counters. Obvious from the total collapse of this counter last year after the general election, investors must not get burned badly again. 17/04/2019 2:48 PM wayup Same la w/ecrl many times say cancel. HSR cannot cancelled wan. Have to pay billion and nothing to show. Delay already have to pay 500m. 17/04/2019 4:52 PM  Lucas Chan Yup,it could be in between 1 to 2 years, but let’s think about it, we can now prepare to accumulate some first, and that I believe according to ytl strong fundamental, it will goes back to 1.5 around, and once hsr decided to launch, it will touch 1.8-2.0 at least!! So after calculated, which is 80-90% in 2 year run...it’s considered a good return also!!! 17/04/2019 7:53 PM Lucas Chan I believe they can manage well, let’s give time to them and enjoy the run in 2 years 18/04/2019 12:05 PM  |
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