14-Jan-2020 Insider YTL CORP BHD buyback 500,000 shares from 0.990 to 0.990 on 14-Jan-2020. 14-Jan-2020 Insider YTL CORP BHD buyback 2,000,000 shares from 0.925 to 1.010 on 06-Jan-2020 - 10-Jan-2020. 13-Jan-2020 Insider YTL CORP BHD buyback 500,000 shares from 1.000 to 1.000 on 13-Jan-2020. 10-Jan-2020 Insider YTL CORP BHD buyback 483,000 shares from 0.975 to 0.985 on 10-Jan-2020. 09-Jan-2020 Insider YTL CORP BHD buyback 227,000 shares from 0.950 to 1.010 on 09-Jan-2020.
On the HSR, YTL Corp group’s strategy is to propose to the government an alternative HSR model with a potential 30% reduction in the total original construction (civil works) cost of RM45bil.
KUALA LUMPUR: CGS-CIMB Equities Research is cautiously optimistic on YTL Corp’s strategy of making a comeback in the KL-Singapore high-speed rail (HSR) space ahead of the May 2020 deadline of the HSR’s review period.
In its report issued on Wednesday, it said YTL aims to leverage on its ERL (construction, concession and funding) track record should HSR’s tender rounds emerge in 2H20F (best-case scenario).
CGS-CIMB Research raised its target price to RM1.04 from 99 sen (lower 30% RNAV discount) to reflect the recovery of HSR newsflow in 2Q20 but maintain Hold ahead of actual HSR outcome in May.
The key takeaway from YTL Corp’s small group meetings during the research house's recent Malaysia Corporate Day was that it was turning more upbeat on its infrastructure outlook.
The company sees the tail-end of the HSR review period as an opportunity to re-propose to the government a cheaper HSR alternative.
YTL Corp expects stronger earnings contributions from the ongoing Gemas-JB electrified rail double tracking (ERDT) project in the coming quarters.
As for Malayan Cement (77%-owned by YTL Corp), the company targets an earnings turnaround for Malayan Cement within the next 12 to 18 months, driven by cost synergies, recovery in demand and higher ASPs.
On the HSR, the group’s strategy is to propose to the government an alternative HSR model with a potential 30% reduction in the total original construction (civil works) cost of RM45bil.
The group believes its track record in the Express Rail Link (ERL) construction (plus concession ownership) and the ongoing Gemas-JB ERDT should give it an edge.
"At this juncture, we are cautiously optimistic on YTL reviving its sizeable exposure on the HSR project given the highly competitive tender environment. Other risks include a substantial foreign turnkey contractor’s participation, similar to the East Coast Rail Link (ECRL) project," it said.
For Malayan Cement (77%-owned by YTL Corp), the group remains committed to turning the company around within the nextwithin the next 12 to 18 months.
This will be done in stages, with cost cutting and optimisation initiatives being the first priority, and lowering Malayan Cement’s average cost of RM200/tonne to YTL Cement’s RM160 a tonne average.
The group thinks that further upside from the current average RM200 to RM230/tonne (ex-rebates) would hinge on the delayed cement intensive phase of the ECRL.
"At this juncture we expect limited share price upside potential given the absence of new leads from the government on the HSR project, pending the May 2020 deadline.
"Maintain Hold but raise TP on a narrower RNAV discount of 30% (40% before) on the likelihood of a recovery in HSR newsflow in 2Q20. HSR award is a key upside risk. Downside risk is weaker earnings from other divisions and prolonged losses for Malayan Cement," CGS-CIMB Research said.
15/01/2020 10:33 AM
Victor YongYtl also holds more 50% stake in ytlreits, ytl should rebound :)
1QFY20 within expectations 1QFY20 core net profit was in-line. Though at 22%/23% of our/consensus’ full-year estimates, we expect seasonally stronger 2Q and 3Q from its Australian hotels. Our earnings estimates and DDM-TP of MYR1.50 are intact (Ke: 8.6%). YTLREIT remains our top BUY pick for the sector, based on its resilient earnings from master lease assets and strong pipeline of hospitality properties from its parent. CY20E net DPU yield is a decent 5.9%.
15/01/2020 10:43 AM
Victor YongPossible, the PM, Madey says yes. ERL also during Madey's admin :)
On the HSR, YTL Corp group’s strategy is to propose to the government an alternative HSR model with a potential 30% reduction in the total original construction (civil works) cost of RM45bil.
KUALA LUMPUR: CGS-CIMB Equities Research is cautiously optimistic on YTL Corp’s strategy of making a comeback in the KL-Singapore high-speed rail (HSR) space ahead of the May 2020 deadline of the HSR’s review period.
15/01/2020 11:03 AM
Victor Yongnew proposal by YTL for HSR by slashing 30% of RM45bil, highly likely will be approved, dateline in May 2020 is approaching. Otherwise, more compensations will be made to Singapore
15/01/2020 11:06 AM
Victor Yonglower cost, more or less the same HSR to Spore and back to KL, should be agreed and accepted
15/01/2020 11:07 AM
Victor YongMRT, ECRL, with reduced costs, approved. wont be different for HSR, proposed by YTL
15/01/2020 11:08 AM
Victor YongERL constructed by YTL is profitable , not draining the govt coffer. YTL to construct HSR should be the best choice
15/01/2020 11:10 AM
Victor Yongytl is a local listed-company, if ytl makes money, the corp tax is payable to the malaysian govt also :)
15/01/2020 11:11 AM
Victor Yongytl will use more local workers and resources to construct the HSR compared to ECRL given to China GLC by Najib's Admin
15/01/2020 11:12 AM
Victor Yongwith a cost reduction around 30% proposed by ytl, easier for HSR to breakeven or even make profit, shorter gestation period required
15/01/2020 11:13 AM
Victor YongShare buyback will intensify in view of HSR, ytl injecting UK hotels into ytlreits, etc
15/01/2020 11:49 AM
Victor YongYTL Corporation Berhad is a Malaysian infrastructure conglomerate, founded in 1955 by Yeoh Tiong Lay, after whom the group is named. The company has grown from a small construction firm into a global infrastructure company generating over RM18 billion in revenues with over 70 percent coming from overseas. Wikipedia
15/01/2020 1:19 PM
Victor Yonghttps://www.theedgemarkets.com/article/ytl-likely-be-winner-if-hsr-project-revived
15/01/2020 1:21 PM
Victor YongYtl is listed on bursa and Japan stock exchange. Ytl could spin off its rail-related biz to list in Shanghai also :) surely better valuation.
Technicians perform maintenance work on a pylon adjacent to the Beijing-Shanghai High-Speed Railway line in Chuzhou, Anhui province. Photo by Song Weixing / For China Daily
BEIJING: Beijing-Shanghai High-Speed Railway Co Ltd, the operator of the country's most lucrative rail route, said in a file on Tuesday evening that company shares will be listed on the Shanghai Stock Exchange on Thursday.
The company submitted its prospectus on Oct 22. Twenty-three days later, on Nov 14, it received IPO approval from the China Securities Regulatory Commission, which set a new record for the shortest waiting period for regulatory approval.
The company will raise funds of 30.63 billion yuan at a net price of 4.88 yuan per share, Beijing-Shanghai High-Speed Railway said in a statement filed to the stock exchange on Jan 3. Based on the offer price, the company has a price-to-earnings (P/E) ratio of 23.39 times, breaking the ceiling by a factor of 23 in real terms for the first time in new shares issuance.
According to financial data provider Wind Info, as of Sept 30, the net asset value per share of Beijing-Shanghai High-Speed Railway was 3.73 yuan.
With registered capital of 42.82 billion yuan, Beijing-Shanghai High-Speed Railway Co Ltd was founded on Jan 9,2008, and its business covers railway construction, passenger transportation, consultation service, equipment purchase and sales, property management, logistics, storage and parking lots.
China Railway Investment Co Ltd, with 49.76 percent of shares, is the controlling shareholder of the Beijing-Shanghai High-Speed Railway Co Ltd.
According to its prospectus, the funds raised from the IPO will be used to acquire a majority 65.08 percent stake in the Anhui branch of the Beijing-Fuzhou High-Speed Railway.
As the operator of the country's most lucrative rail route, the Beijing-Shanghai High-Speed Railway reported revenue of 25 billion yuan for the first three quarters of 2019. In 2018, the company registered a net profit of 10.25 billion yuan. - China Daily
15/01/2020 1:45 PM
Victor YongYtl is really trying hard to breakthrough penny stock status. Must be above RM1 like Sunway, ijm, etc
15/01/2020 4:26 PM
Victor YongShareholders don't mind to receive share dividend e.g. ytl, ytlpower or ytlreits shares. Use the cash to buyback more undervalued ytl shares :)
15/01/2020 4:29 PM
Victor YongBelow rm1, 4sen div, div yield 4%+ higher than FD rates
15/01/2020 4:38 PM
Victor YongQ4,2019 should a much better result. when HSR starts, can jump 10-20sen. Ytl should be back to rm1.1 to rm1.2 probably
15/01/2020 4:49 PM
Victor YongThere was no share buyback by YTL yesterday, It was supported well. Very likely, an institutional funds either local or overseas is accumulating ytl shares in stages :) If ytl buyback also, it would fly faster :)
16/01/2020 8:43 AM
Victor Yonghttps://www.thestar.com.my/business/business-news/2020/01/16/ytl-corp-spruces-up-its-infra-outlook
16/01/2020 9:10 AM
Victor YongBetween pos and ytl, juga tunggu announcement, ytl is better, profitable unlike pos with 5 quarterly losses :)
16/01/2020 9:51 AM
Wing23YTL construction claimed billion ringgit from Government for gemas project, I think will key in this QR or next QR.
16/01/2020 10:22 AM
Wing23Yeoh family try so hard to buyback lol cash rich ya
16/01/2020 10:24 AM
Victor Yong（吉隆坡15日讯）审查期的隆新高铁下砍成本后重启在望、金马士至新山电动火车（ERDT）项目预计在下个季度贡献强劲盈利，以及马来亚洋灰公司未来1至1年半内有望转盈。杨忠礼机构（YTL,4677,主板公用事业组）基建前景备受看好，惟竞争环境激烈和潜在海外总承包商等问题令分析员谨慎对待。
Immediate Announcement on Shares Buy Back YTL CORPORATION BERHAD
Date of buy back 16 Jan 2020 Description of shares purchased Ordinary Shares Currency Malaysian Ringgit (MYR) Total number of shares purchased (units) 500,000 Minimum price paid for each share purchased ($$) 0.975 Maximum price paid for each share purchased ($$) 0.975 Total consideration paid ($$) 489,396.50 Number of shares purchased retained in treasury (units) 500,000 Number of shares purchased which are proposed to be cancelled (units) Cumulative net outstanding treasury shares as at to-date (units) 370,362,418 Adjusted issued capital after cancellation (no. of shares) (units) 11,022,762,340 Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 3.35998
17/01/2020 9:13 AM
Good123Mcement or lafarge will be turnaround in 2020, share had risen a lot recently. Ytl share price next.
Date Close 16/01/2020 3.47 15/01/2020 3.28 14/01/2020 3.00 13/01/2020 2.98 10/01/2020 3.00 09/01/2020 3.00 08/01/2020 2.95
17/01/2020 10:03 AM
Good123Share buyback together with someone accumulating continuously plus vmy2020 to boost ytl hotels and resorts, secured 2.5pounds UK project, revival of hsr , etc. No reason ytl share wont rebound strongly
17/01/2020 10:05 AM
Good123HSR will start whether smaller or larger scale to prevent paying compensation to Singapore continuously
17/01/2020 10:07 AM
Victor YongAs long as confirmed either restart this year or next year, share price will go up. Future value, must confirm restart. Good enough
@Good123 HSR will start whether smaller or larger scale to prevent paying compensation to Singapore continuously 17/01/2020 10:07 AM
17/01/2020 10:44 AM
Victor YongCost savings about 30% for HSR suggested by YTL should be acceptable based on the decision on MRT 2.
Major works are expected to be completed in 2022 and MRT2 will become fully operational by 2023," he said at the signing of a supplementary agreement between Mass Rapid Transport Corp Sdn Bhd and MMC Gamuda KVMRT (PDP SSP) Sdn Bhd today.
Today's supplemental agreement is the conclusion of the rationalisation process launched by the government for the project.
This process has yielded savings of RM8.82 billion or 22.4% from the project's original cost.
17/01/2020 11:13 AM
takashi86Ows 20 cents different between ytl & ytlp...if can get the trend...can play contra make money...
yongchHahaha..U want AngPau from this Christian Cinapek ke?Someone do ask during last AGM,Ans : Yes!!!Given extra rm25 meals voucher as total rm75 for each shareholder who attended AGM & for himself& familys will get more than extra BILLIONS ringgit after privatised cement,land & bought others!!!!whether u like it or not,tats his selfish minded!!!TP1.0!!!!Heng Ah!Huat Ah!!Ong Ah!!!kikikiki....
23/01/2020 5:22 PM
Newbie917As i said earlier, despite all the hard promoting on this forum the numbers don’t and won’t lie.
These 4 Measures Indicate That YTL Corporation Berhad (KLSE:YTL) Is Using Debt In A Risky Way
