Dear friends of i3 Forum
First read this
YES! PLEASE STUDY THE NUMBERS!
Now look at YTL POWER last two Qtr earnings
SUMMARY OF KEY FINANCIAL INFORMATION30 Sep 2023 |
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT YEAR QUARTER | PRECEDING YEAR CORRESPONDING QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR CORRESPONDING PERIOD | ||
30 Sep 2023 | 30 Sep 2022 | 30 Sep 2023 | 30 Sep 2022 | ||
$$'000 | $$'000 | $$'000 | $$'000 | ||
1 | Revenue | 5,445,744 | 4,744,466 | 5,445,744 | 4,744,466 |
2 | Profit/(loss) before tax | 1,031,487 | 224,898 | 1,031,487 | 224,898 |
3 | Profit/(loss) for the period | 850,300 | 167,628 | 850,300 | 167,628 |
4 | Profit/(loss) attributable to ordinary equity holders of the parent | 847,907 | 173,282 | 847,907 | 173,282 |
5 | Basic earnings/(loss) per share (Subunit) | 10.47 | 2.14 | 10.47 | 2.14 |
6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | ||||
7 | Net assets per share attributable to ordinary equity holders of the parent ($$) | 2.1900 | 2.0700 |
In November 2023 YTL POWER earned 10.47 sen profit
See latest
SUMMARY OF KEY FINANCIAL INFORMATION31 Dec 2023 |
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT YEAR QUARTER | PRECEDING YEAR CORRESPONDING QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR CORRESPONDING PERIOD | ||
31 Dec 2023 | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2022 | ||
$$'000 | $$'000 | $$'000 | $$'000 | ||
1 | Revenue | 5,373,559 | 4,702,779 | 10,819,303 | 9,447,245 |
2 | Profit/(loss) before tax | 1,024,818 | 255,942 | 2,056,305 | 480,840 |
3 | Profit/(loss) for the period | 860,156 | 190,712 | 1,710,456 | 358,340 |
4 | Profit/(loss) attributable to ordinary equity holders of the parent | 845,119 | 198,822 | 1,693,026 | 372,104 |
5 | Basic earnings/(loss) per share (Subunit) | 10.43 | 2.45 | 20.90 | 4.59 |
6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | ||||
7 | Net assets per share attributable to ordinary equity holders of the parent ($$) | 2.2600 | 2.0700 |
Latest Feb 2024 Qtr YTL POWER earned 10.47 sen
So earnings dropped by 10.47 sen to 10.43 sen
It shows a decrease and yet many are euphoric!
And chased it over Rm4.00
See its forward P/E
at 10.43 sen
Annualised 10.43 x 4
= 41.72 sen
At Rm4.02 it has a P/E
Rm4.02/41.72
= 9.63
It will take 9.63 years to double your money
1 JAYA TIASA
August 2023
SUMMARY OF KEY FINANCIAL INFORMATION30 Jun 2023 |
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT YEAR QUARTER | PRECEDING YEAR CORRESPONDING QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR CORRESPONDING PERIOD | ||
30 Jun 2023 | 30 Jun 2022 | 30 Jun 2023 | 30 Jun 2022 | ||
$$'000 | $$'000 | $$'000 | $$'000 | ||
1 | Revenue | 199,019 | 245,464 | 845,166 | 810,770 |
2 | Profit/(loss) before tax | 40,331 | 52,750 | 168,792 | 200,558 |
3 | Profit/(loss) for the period | 60,161 | 40,972 | 153,628 | 134,413 |
4 | Profit/(loss) attributable to ordinary equity holders of the parent | 60,067 | 41,010 | 153,639 | 134,556 |
5 | Basic earnings/(loss) per share (Subunit) | 6.21 | 4.24 | 15.87 | 13.90 |
6 | Proposed/Declared dividend per share (Subunit) | 1.70 | 2.80 | 3.20 | 2.80 |
AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | ||||
7 | Net assets per share attributable to ordinary equity holders of the parent ($$) | 1.4300 | 1.3100 |
In August 2023 Jtiasa earned 6.21 sen
See further
SUMMARY OF KEY FINANCIAL INFORMATION30 Sep 2023 |
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT YEAR QUARTER | PRECEDING YEAR CORRESPONDING QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR CORRESPONDING PERIOD | ||
30 Sep 2023 | 30 Sep 2022 | 30 Sep 2023 | 30 Sep 2022 | ||
$$'000 | $$'000 | $$'000 | $$'000 | ||
1 | Revenue | 248,003 | 207,807 | 248,003 | 207,807 |
2 | Profit/(loss) before tax | 93,035 | 46,472 | 93,035 | 46,472 |
3 | Profit/(loss) for the period | 66,835 | 33,948 | 66,835 | 33,948 |
4 | Profit/(loss) attributable to ordinary equity holders of the parent | 66,833 | 33,985 | 66,833 | 33,985 |
5 | Basic earnings/(loss) per share (Subunit) | 6.90 | 3.51 | 6.90 | 3.51 |
6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | ||||
7 | Net assets per share attributable to ordinary equity holders of the parent ($$) | 1.5100 | 1.4200 |
Now Jtiasa improved its profit from 6.21 sen to 6.90 sen
6.90 x 4
= 27.6 sen annualised
At Rm1.22
Jtiasa P/E is 4.42
IT ONLY TAKE 4.42 YEARS TO DOUBLE YOUR MONEY IN JTIASA
YOURS FAITHFULLY
Calvin Tan
Please buy or sell after doing your own due diligence
Created by calvintaneng | Aug 30, 2024
Created by calvintaneng | Aug 30, 2024
Created by calvintaneng | Aug 29, 2024
Created by calvintaneng | Aug 28, 2024
Created by calvintaneng | Aug 23, 2024
Created by calvintaneng | Aug 22, 2024
TLP Investment Highlights- AmInvestment Bank
We maintain BUY on YTL Power International (YTLP) with an unchanged SOP-based fair value of RM5.10/share. Although we have raised YTLP Seraya’s earnings, our fair value for YTLP is unchanged on lower asset value for Wessex Water due to its losses. Our fair value implies FY25F PE of 13x - at parity to its 2-year average. We ascribe a neutral 3-star ESG rating to YTLP.
YTLP’s 1HFY24 results were 35% above our forecast and 14% above consensus. YTLP exceeded our expectations due to stronger-than-expected earnings from YTLP Seraya in Singapore. We have raised YTLP’s FY24E net profit by 35% to account for this.
YTLP Seraya has been recording a pre-tax profit of RM1bil per quarter in the past 3 quarters. We believe that YTLP Seraya is benefiting from the fall in gas costs and retail contracts, which have locked-in profit margins. YTLP also enjoys stronger contribution from YTLP Seraya as the SGD has been appreciating against MYR. According to Bloomberg, average exchange rate was S$1.00: RM3.45 in 1HFY24 vs. S$1.00: RM3.25 in 1HFY23.
Pre-tax profit of YTLP Seraya in Singapore surged to RM2.1bil in 1HFY24 from RM591.4mil in 1HFY23. Pre-tax profit margin rose to 27.3% in 1HFY24 from 8.6% in 1HFY23.
The water and sewerage division (Wessex Water) swung into a pre-tax loss of RM104.2mil in 1HFY24 in contrast to a pre-tax profit of RM9.3mil in 1HFY23. This was due to higher interest expenses from inflation-linked bonds. On a quarterly basis, pre-tax loss of the division widened to RM69.5mil in 2QFY24 from RM34.8mil in 1QFY24.
Pre-tax losses of the mobile broadband unit (mainly YES network) narrowed to RM137.5mil in 1HFY24 from RM155.9mil in 1HFY23 due to increased billings from various projects such as the construction of base stations.
YTLP is currently trading at an attractive FY25F PE of 10x, which is lower than its 2-year average of 13x.
............................................................
YTLP plus AI Data Centre in collaboration with NVIDIA, FY 25 PE should be at least 18x.
Source: AmInvest Research - 23 Feb 2024
2024-02-25 11:25
what type of ppl will compare AI DC to oil palm? running out of ideas to promote plantations obviously,kesian
Nvidia rose frm usd 1 to usd 788 now, with AI DC contributing the bulk of its earnings.Show us any plantation co that can gain 788 times la.
2024-02-25 11:40
Posted by ssaw194852 > 30 minutes ago | Report Abuse
low intelligence comparison
Would you mind showing us some high intelligence comparison Ssaw194852?
2024-02-25 14:06
Low intelligence comparison Plt versus YTLP
High intelligence comparison YTLP versus Plt
2024-02-25 14:18
Singapore to impose green fuel levy on flights from 2026
https://www.reuters.com/sustainability/singapore-green-jet-fuel-levy-travellers-ignites-funding-debate-2024-02-19/
Biofuel replacing fossil fuel in Singapore
2024-02-25 14:22
Pig farming phased out sets a precedent for all other polluting industries to be phased out eventually
See
“Taking into account the land constraints in Singapore and looking forward, the government said the land was needed for housing, and pigs were causing land and water pollution,” recalled Dr Ngiam Tong Tau, who was Director of Primary Production at that time. “Cabinet then decided that pigs had no place in Singapore, and we had to phase them out.” Forced to confront these environmental and economic trade-offs, the decision to end pig farming was made in 1984, despite rosy production figures.
Read full article
https://www.sfa.gov.sg/food-for-thought/article/detail/journeys-of-transformation-singapore's-pig-farmers-after-pig-farming
2024-02-25 14:26
You cannot phase out power generation and import power from Sarawak. The very simple reason is for national security.
2024-02-25 14:38
They will replace fossil fuel with Biofuel
https://www.youtube.com/watch?v=rWZHE466-WY
2024-02-25 14:43
Singapore: Bunker sales of biofuels more than tripled in 2023
https://www.offshore-energy.biz/singapore-bunker-sales-of-biofuels-more-than-tripled-in-2023/#:~:text=Singapore%20has%20made%20significant%20progress,Conversations%20event%20held%20last%20week.
2024-02-25 14:44
For those involved with calculating carbon foorprint should know NG are the least in CO2 eq emission compare with biofuel whereby the CPO carbon footprint is high due to CO2 eq emission assigned to land use change
2024-02-25 15:00
If you want a clean fuel then most likely you can use hydropower, solar power or windfarm excess power to produce green hydrogen and then this hydrogen can be piped by NG pipe line to Singapore to run the hydrogen power plant in Singapore.
2024-02-25 15:30
Extract from Dragons Analysis moving forward for the YTL Group.
Multiple Re-rating Factors for YTL Group of Companies -
-------------------------------------------------------
Despite the latest strong quarterly results and recent stellar share price rally, there are still multiple re-rating factors for YTL group of companies in coming quarters:
A whopping 20 factors and more to come.
1-Continued strong earnings from PowerSeraya contributing >RM700 million net profit every quarter to YTL Power
2-Potential listing of PowerSeraya on SGX, which may potentially fetch a valuation of SGD 8.0 billion
3-Strong rebounds in Wessex earnings after interest rate hike cycle in the UK ends, high inflation starts to cool off and water tariff hike from 1st April 2024
4-Potential listing of Wessex Waters in in 2025-2026 which may fetch a valuation of over RM20 billion
5-Favourable outcome from the international arbitration on Jordan power venture which will enable it to fully realise PPA earnings and shareholders’ loan interest income of RM500-600 million a year
6-Maiden earnings contribution from the first phase of green data centre project with SEA Group from Q3-Q4 FY2024
7-Maiden earnings contribution from the first phase of AI data centre project in collaboration with Nvidia from mid 2024
8-Maiden earnings contribution from the digital bank venture from 2025
9-Potential turnaround of Yes 5G business as early as Q3 FY2024 and decent profit contribution of RM260 million and operating cashflows topping RM1.0 billion a year from 2024 after it secures another 1.0 million 5G subscribers
10-Financial close for the Waste-to-Energy (WTE) power plant project in Rawang
11-Potential securing some of the RE power export to Singapore from 2025-2026
12-Successful commissioning of the new 600MW hydrogen-ready CCGT by PowerSeraya and new profit contribution from this new unit of at least SGD200 million a year from 2028
13-Continued strong earnings and dividend payouts from MCement
14-Potential placement of MCement shares to strategic investors at over RM5.00 per share to improve public spread (YTL owns 78.6%) and to realise cash for YTL
15-Rolling out of mega infrastructure projects in Malaysia and new Indonesia capital city development in Nusantara to boost cement demand
16-Strong rebounds in YTL shopping malls and hotels business division
17-Strong dividend payouts from YTL Power (15-18 sen) and YTL (9.5 sen) from FY2024
18-Potential clinching of MRT3 package by YTL construction arm
19-Potential revival of KL-Singapore High Speed Rail (HSR) project
20-Potential monetisation of assets by YTL – injection of unlisted hotels and shopping malls into the REIT, monetisation of some landbank at Niseko Japan, potential listing of Japan Niseko assets on Japan stock exchange, potential disposal of peripheral assets and land parcels etc.
2024-02-25 17:10
YTL & YTLPOWR: A Powerhouse Performance - Is This Stock a Must-Have in Your Portfolio?
--------------------------------------------------------------------------------------------
Author: KingKKK | Publish date: Fri, 23 Feb 2024, 7:54 AM
Dragon328 has written a comprehensive article about YTL and YTLPOWR earnings yesterday, the details in the link below.
YTL & YTL Power - Ended Year 2023 with a Bang
I will summarize his article into pointers below:
1. Superb earnings: YTL Power's net profit was RM845 million, a surge by 325% against similar quarter last year. PowerSeraya, Wessex Water, and Jordan Attarat Power were the main profit drivers.
2. YTL Power is worth minimum RM6.30: dragon328 said that It should at least trade at 15x PER or RM6.30 per share to be comparable with Tenaga which has similar profit level of over RM3.0 billion.
3. YTL is worth RM4.00: dragon328 said that it should be trading at PER of about 20x (to be on par with Sunway) or RM4.00.
My view:
1. Agreed, YTL Power and YTL are both undervalued at the current price level. The article by dragon328 is great, and his speed in producing it is superb!
2. After reporting strong earnings, NVIDIA's share price surged by 16%, breaking some world records. Details can be found in the news below:
(NVDA) Nvidia Tops Meta Record With $277 Billion Jump in Value - Bloomberg
I think the price direction will follow NVIDIA's for both YTL and YTLPower.
3. If you think AI and Data Centers are already over just because YTL and YTLPower have increased significantly, you may be assuming that the AI and Data Center businesses have already peaked. This is similar to 30 years ago when Microsoft Office began revolutionizing how computers work; some people were saying, 'Oh, Microsoft's share price has already risen significantly, let's go back to using typewriters.
2024-02-25 17:16
John Templeton said
"Bull market is born in pessimism; grows up in skepticism; matures in optimism and dies in euphoria
The best time to buy is during maximum pessimism. And the best time to sell is during market euphoria
99% of the people now aware of Ytl power and upside is now limited
2024-02-25 19:37
Ytl power depends on Seraya power plant with Spore small population of 5 million people and water in europe
Jtiasa's market is
1.35 billion people in india
1.4 billion population in China
Many more billion consumers world wide
2024-02-25 19:40
Posted by ssaw194852 > 6 hours ago | Report Abuse
Low intelligence comparison Plt versus YTLP
High intelligence comparison YTLP versus Plt
Thanks Ssaw194852
i must admit you are really high intelligence bro
2024-02-25 20:26
HLIB Price Target : RM 5.55 Maintain BUY
YTLP reported a strong core PATMI of RM850.8m for 2QFY24 (-6.5% QoQ, +1.8x YoY) and RM1.8bn for 1HFY24 (+2.7x YoY), above HLIB FY24 forecast (55.3%) and consensus (61.6%), mainly driven by the sustained strong contribution from SG PowerSeraya, contrary to consensus concerns. We expect another record high FY24 earnings, to be underpinned by continued strong PowerSeraya performance and maiden contribution from Attarat Power. Maintain BUY with a higher
TP: RM5.55 (from RM5.15) based on 10% discount to FD SOP: RM6.16.
2024-02-25 20:40
Well said Purebull.
Posted by PureBULL ... > Feb 25, 2024 6:50 PM | Report Abuse
NVDA, the most impactful stock in the entire world now.
starring the super taiwankia CEO talent of Stanford.
if NVDA choose u = u r SURE to prosper easily forever MORE.
ytlp's future is bright n wide open...
https://www.tradingview.com/x/8xkid5RF/
mr ng's cousin sister is the CEO of AMD. she, the talent of MIT.
both will fight head ON.,.
https://www.tradingview.com/x/jzVlLoxJ/
our msian best is tan hock.ean of PFS, the oldest school in asean, > 200 yrs.
tan also a top engine talent of MIT n harpor.
His stock AVGO will challenge them 2.
https://www.tradingview.com/x/0IqOA85z/
+++++++++++++++++++++++++++++++++++++
hock.tan was CEO of hume at tender age of 29.
he resigned 3 yrs later = all staff of that banking conglo were shocked n awed = some said hock was seetupeed.
today, hock is richer than tan sri Q.,.
https://www.thestar.com.my/tech/tech-news/2024/02/15/malaysian-born-br...
NB:
pure meaning of, edu can make u RICH,
only happens in North america.,.
2024-02-25 20:56
calvintaneng
A deeper look will show Jtiasa is almost debt free after paring down it's over Rm1 billions borrowings since 5 years ago
while Ytl power has RM28 BILLIONS DEBT ON ITS BALANCE SHEET
2024-02-24 21:13