SP Setia - An Emerging Industrial Player; Keep BUY

Potential REIT listing to lighten balance sheet. SP Setia is in the preliminary stage of listing some of its investment properties, and has identified a diverse list of potential assets in various sub-sectors such as Setia City Mall (retail), KL Eco City (office), and Tenby Setia Eco Park (Education). We think this would be a positive as it would lighten its balance sheet further.

https://klse1.i3investor.com/servlets/ptres/71065.jsp

'MRCB, Kimlun Corp among companies set to benefit from expedited flood mitigation projects

By S. BIRRUNTHA - March 26, 2024 @ 9:29am

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) and Kimlun Corp are among companies expected to benefit from expedited flood mitigation projects within the construction sector, RHB research said.

The research firm said the federal government has allocated about RM11.8 billion under Budget 2024 for flood mitigation projects spread across 33 high priority projects.

SP Setia intends to maximise the value of its investment assets by utilising REIT

Maybank Securities Research has increased its earnings predictions for FY24-26 by 1-55% and the target price to MYR1.66 (+38sen) based on a higher 0.5x FY24E Price-to-Book Value (PBV) ratio (previously 0.4x). This adjustment reflects the positive expectations for earnings and the financial position.

The research business views the proposed REIT as a way for SPSB to reduce debt and realise the value in its investment properties, enabling the company to keep a share in these assets and collect dividend earnings. The REIT might also help with future additions of SPSB’s mature assets, allowing for the recycling of funds.

SP Setia's Net asets backing per share is RM2.90

These properties could consist of :

Shopping centre- Setia City Mall, Setia Eco Hill Mall, INC by KL Eco City, Setia Walk

Hotels - Amari Spice Hotel Penang & Amari Kuala Lumpur

Conference Centres. - Setia City Convention Centre, Setia Spice Convention Centre Penang.

SP Setia intends to maximise the value of its investment assets by utilising REIT

Maybank Securities Research has increased its earnings predictions for FY24-26 by 1-55% and the target price to MYR1.66 (+38sen) based on a higher 0.5x FY24E Price-to-Book Value (PBV) ratio (previously 0.4x). This adjustment reflects the positive expectations for earnings and the financial position.

The research business views the proposed REIT as a way for SPSB to reduce debt and realise the value in its investment properties, enabling the company to keep a share in these assets and collect dividend earnings. The REIT might also help with future additions of SPSB’s mature assets, allowing for the recycling of funds.

These properties could consist of :

Shopping centre- Setia City Mall, Setia Eco Hill Mall, INC by KL Eco City, Setia Walk

Hotels - Amari Spice Hotel Penang & Amari Kuala Lumpur

Conference Centres. - Setia City Convention Centre, Setia Spice Convention Centre Penang.

Yes, Crescendo will do well in the foreseeable future.

MRCB Shortlisted to buy CIMA.

Germany-based Heidelberg Materials AG; China-based Huaxin Cement Co Ltd; Malaysian Resources Corp Bhd (MRCB), a company which is connected to Yinson Holdings Bhd; and companies linked to Pahang and Negeri Sembilan royalty — have been shortlisted to buy Cement Industries of Malaysia Bhd (CIMA), a wholly-owned subsidiary of UEM Group Bhd.

SPSetia's Sizeable Landbank in Johore

For property sector exposure in Johor,SP Setia Bhd has a sizeable land bank there (2,150 acres or 870.07 hectares), undemanding valuation , and de-gearing exercise via land sale.

Maybank IB said the property sector offers trading opportunities in the first half of 2024, with the thematics being the JSSEZ, Bayan Lepas Light Rail Transit (LRT) alignment, and potential revival of the HSR.

Our stock calls, however, are more fundamental-based. We have a 'buy' rating for S P Setia.

“Apart from its Johor exposure (2,150 acres or 15% of total gross development value), we like S P Setia for its cheap valuation (0.3 times P/BV versus the industry average of 0.6 times) and diversified product range.

SP Setia is a world class developer born and bred in Malayisia with development projects in London, UK and Melbourne Australia. Has a sizeable landbank in Johore.

Still undervalued though with NAPS of RM2.90.

Crescendo will have its day too - a sleeping giant in Johore set to take off.

PMX Congratulates YTL
-----------------------
Prime Minister Datuk Seri Anwar Ibrahim congratulated YTL on this significant milestone, a first for Malaysia.

"This will accelerate the country's adoption of AI and spearhead the development of our own sovereign cloud. The collaboration with NVIDIA is a testament to Malaysia's attractiveness as a hub for digital investments," Anwar said in the statement.

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 here.

"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.

Gobind Singh Deo, Malaysia's Minister of Digital, said that AI plays a key role in propelling the global digital economy.

He said it is important for Malaysia to have one of the strongest NVIDIA cloud computing infrastructures, as this will spur innovation.

"Having one of the most powerful NVIDIA cloud computing infrastructures in Malaysia is a game changer and will spark innovation and development of solutions foundational to the success of the Malaysia Digital Economy Blueprint," he said.

PMX Congratulates YTL
-----------------------
Prime Minister Datuk Seri Anwar Ibrahim congratulated YTL on this significant milestone, a first for Malaysia.

"This will accelerate the country's adoption of AI and spearhead the development of our own sovereign cloud. The collaboration with NVIDIA is a testament to Malaysia's attractiveness as a hub for digital investments," Anwar said in the statement.

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 here.

"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.

Gobind Singh Deo, Malaysia's Minister of Digital, said that AI plays a key role in propelling the global digital economy.

He said it is important for Malaysia to have one of the strongest NVIDIA cloud computing infrastructures, as this will spur innovation.

"Having one of the most powerful NVIDIA cloud computing infrastructures in Malaysia is a game changer and will spark innovation and development of solutions foundational to the success of the Malaysia Digital Economy Blueprint," he said.

LC02 to Boost Growth.

KGB’s outstanding orderbook (as at end-Dec 2023) stood at MYR1.3bn, predominantly comprised of ultra-high purity (UHP) projects (74%), followed by general contracting (20%) and process engineering (6%) jobs. We are optimistic that the group can uphold its high margin as UHP projects gain prominence. KGB secured c.MYR200m new contracts as at Feb-2024, including a MYR143m contract from China's largest semiconductor foundry. Management remains committed to prioritising higher-margin projects, backed by a MYR1.9bn tenderbook and anticipated semiconductor sector recovery, supported by Semiconductor Industry Association's 13.1% growth forecast for 2024.

Management guided that KGB will extend its reach to Hong Kong and Germany. A subsidiary has been set up in Hong Kong, while in Germany, a subsidiary is expected in the next few months. The foray into new markets will provide significant opportunities for the group, especially with the latter expected to capture potential jobs from the European region. GPM in these markets are expected to be as high as those in Malaysia and Singapore (c.15% for the engineering segment). Currently, the group has c.MYR400m and MYR70m worth of tenders in Hong Kong and Germany. We view the expansion positively given KGB's strong track record with European fabs that have operations locally and in Singapore.

Fueling growth. The LCO2 segment has seen tremendous growth (4-year CAGR: 94.3%), underpinned by robust demand in Oceania markets. With an additional 70k tonne capacity from the second plant (to commence in mid- March), KGB will become the largest local LCO2 producer. Looking ahead, the group will explore new markets in Indonesia to expand its overseas presence, driven by growing demand (mainly from F&B clients). With double the margin of the industrial gases (IG) segment compared to the conventional business, expanding IG operations will further boost its margin.

Setia is taking a short rest before making another surge. Its undervalued - No worries.

NVIDIA DRIVE

Thor is poised to revolutionize the automotive landscape, ushering in an era where generative AI defines the driving experience. At GTC, several leading EV makers are revealing their next-gen AI vehicle fleets powered by DRIVE Thor:

BYD, the world’s largest electric vehicle maker, is expanding its ongoing collaboration with NVIDIA from the car to the cloud. In addition to building its next-generation EV fleets on DRIVE Thor, BYD plans to use NVIDIA’s AI infrastructure for cloud-based AI development and training technologies, along with the NVIDIA Isaac™ and NVIDIA Omniverse™ platforms to develop tools and applications for virtual factory planning and retail configurators.

Hyper, a premium luxury brand owned by GAC AION, announced it has selected DRIVE Thor for its next-generation EVs, which will begin production in 2025 with level 4 driving capabilities. Hyper is currently using NVIDIA DRIVE Orin to power its flagship model Hyper GT, which features advanced level 2+ driving capabilities.

XPENG has also announced it will use the NVIDIA DRIVE Thor platform as the AI brain of its next-generation EV fleets. The next-gen car computer will power the EV maker’s proprietary XNGP AI-assisted driving system, enabling autonomous driving and parking capabilities, driver and passenger monitoring and other functionalities
.
These EV makers join Li Auto and ZEEKR, which have already announced they’re building their future vehicle roadmap on DRIVE Thor.

https://klse1.i3investor.com/servlets/forum/909249783.jsp

Crescendo to announce good set of results soon and a generous dividend is in the offing.

Sellers very well absorbed - to breach its all time high of 1.34? I feel most likely due to its strong fundamentals ie in RE and set to power Sabah.

YTL Power develops one of world's best advanced supercomputers


Author: savemalaysia | Publish date: Tue, 19 Mar 2024, 10:16 AM

KUALA LUMPUR: YTL Power International will deploy and manage one of the world's most advanced supercomputers with the DGX Cloud, powered by NVIDIA Grace Blackwell.

The company announced the formation of YTL AI Cloud, a specialised provider of massive-scale GPU-based accelerated computing.

YTL AI supercomputer will surpass more than 300 exaflops of artificial intelligence (AI) compute, making it one of the fastest supercomputers in the world, it said in a statement.

With the help of an AI supercomputer, generative AI technologies should progress more quickly, it said.

YTL Power is one of the first companies to use the fifth-generation NVLink-equipped, multi-node, liquid-cooled NVIDIA GB200 NVL72 rack-scale system.

The company said that the supercomputer will be connected using the NVIDIA Quantum InfiniBand networking infrastructure.

Affin Hwang TP: RM3.25
RHB-OSK. TP: RM3.03
Kenanga TP.: RM3.40

YTL in Japan (Code 1773) has just increased by 29% close to LIMIT UP to 135 yen.

Convert 135 yen = RM4.27

Something must be brewing... because Japanese are generally very particular about money won't simply spend money to invest unless really strong growth story.

By the way, YTL earnings +535% in Q4 2023 vs. Q4 2022. Please tell me another company with earnings jump >500% in Bursa.

YTL Corp Bhd

1773:JP

Tokyo (JPY)· Market open

137.00

+32.00+30.48%


Delayed price as of
8:46 PM EDT 03/18/24

https://www.bloomberg.com/quote/1773:JP

.

Nvidia CEO Jensen Huang announces new AI chips: ‘We need bigger GPUs’
https://www.cnbc.com/2024/03/18/nvidia-announces-gb200-blackwell-ai-ch...

Latrest News on YTLP.

KUALA LUMPUR: YTL Power International has announced the formation of YTL AI Cloud, a specialised provider of massive- scale graphic processing unit (GPU)-based accelerated computing.

YTL AI Cloud will 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 today, YTL said the YTL AI Supercomputer will be located in a 664-hectare data centre facility in the YTL Green Data Centre Campus, Johor, powered by a renewable energy source from its on-site 500-megawatt solar power facility.

“This powerful AI Cloud will create high-value, high-income jobs for Malaysians, marking a significant step forward in our mission to become a leading AI and Data Centre hub in the region,” said Investment, Trade and Industry Minister, Tengku Datuk Seri Zafrul Abdul Aziz.

He said the initiative not only brings Malaysia closer to achieving its goals under the New Industrial Master Plan 2030, but also demonstrates Malaysia’s capability and readiness to play a significant role in the global technology landscape.

https://thesun.my/local_news/ytl-ai-cloud-to-deploy-advanced-supercomputer-powered-by-nvidia-PC12232386

Nvidia CEO suggests Malaysia could be AI 'manufacturing' hub as Southeast Asia expands data centers

Old article but still relevant.

https://finance.yahoo.com/news/nvidia-ceo-suggests-malaysia-could-103047115.html

Post removed.Why?

YTLC trading in Japan NIKKEI at 108 Yen equivalent to 108 x3.18 = RM 3.43.

Posted by KingKKK > Mar 18, 2024 11:44 AM | Report Abuse

What makes Japanese suddenly interested in YTL?

This is just my guess:

1. My article somehow reach there and some rich Japanese read it and want to buy it
https://klse.i3investor.com/web/blog/detail/bestStocks/2024-03-17-stor...

2. Nikkei Index at all time high makes more people rich and they want to invest overseas. Japanese may be familiar with YTL as YTL Hotels owns a 462 ha mountain ski resort in Niseko Village in Hokkaido, Japan.

3. Some Merger & Acquisition (M&A) which I don't know what are the details. Big Japanese corporation buying some stake in YTL? YTL sell their asset in Japan? Or some form of JV in the pipeline?

YTL Corp Bhd

1773:JP

Tokyo (JPY)· Market open

108.00

+26.00. +31.71%


https://www.bloomberg.com/quote/1773:JP

YTL Corp Bhd

1773:JP

Tokyo (JPY)· Market open

108.00

+26.00. +31.71%


https://www.bloomberg.com/quote/1773:JP

Well said Bro OTB.

The bottom line, I share my knowledge with good deeds.
I do not guarantee all investors make money.
There is no sure win in the stock market.
Take our sharing as a reference only, buy and sell is YOUR decision.

Well said Bro. HUat Arrrr.

Posted by HuatRex1314 > Mar 18, 2024 10:02 AM | Report Abuse

Congrats to everyone who believe in Ytlpower. Just ignore the noises stick to FA and TA. We will see monkey along the journey. What make us different from them? We earn money they eat banana. Tq

Felix, you have made your point. you must learn to respect all forummers here, don't call people pariah. Manners is important my friend.

VALUATION

2 key approaches to assess the intrinsic value of Crescendo:

• Asset Value: I used the Book Value here of RM3.32 per share

• Earnings Value of RM4.64 per share:

EPV based on average earnings over the past 12 years plus the value of the non-operating assets. My non-operating assets include excess land held for development as well as an estimate of the land re- valuation surplus.

https://notice.shareinvestor.com/email/newsletter/invest/pdf/Vol199-Invest-15Mar.pdf

Net Assets per share impressive at RM2.90.

Upgrade to BUY with new MYR1.24 .

SP Setia’s 4Q23 results widely beat estimates with sequentially stronger earnings coming from higher contributions from its UNO (Stage 2) project in Melbourne and improved margins. FY23’s total sales of MYR5.1bn exceeded management’s MYR4.2bn target.

RHB Invest.

Kelington: Signs addendum with PETRONAS to accommodate increased demand for CO2 plant.

Kelington Group has entered into an addendum to the agreement for the sale and purchase of carbon dioxide dated Nov 17, 2017 with PETRONAS Energy & Gas Trading SB.

In a filing with Bursa Malaysia, the original capacity of the first carbon dioxide (CO2) recovery plant (P1) in Kemaman, Terengganu, is 50,000 metric tons per year. (StarBiz)

Affin Hwang TP: RM3.25
RHB-OSK TP: RM3.03
Kenanga TP: RM3.40

Oops its becoming political now.

Former Law Minister Datuk Zaid Ibrahim said the Ministry of Finance and Bank Negara needs to explain whether it is safe and prudent for a data collection agency like CTOS Data Systems Sdn Bhd (CTOS) to have unlimited access to sensitive financial data of the people and companies.

Zaid said such data was usually given to banks and statutory bodies like the Companies Commission of Malaysia (SSM) but CTOS is given access to it all.

"CTOS is a wealthy private company owned by rich foreigners and local institutions. They have access to all your data.

"I am just wondering if the Ministry of Finance / Bank Negara ever asked if it is safe and prudent to allow a data collection company with the overreach and power to assess the creditworthiness of all our citizens.

"If bank officers and directors are not interested in evaluating and assessing their customers' risk but outsource the job to CTOS, then let the government ensure that only locals can own CTOS....not foreigners," he said in his latest Facebook posting.

Zaid said the underclass with low income and low savings rates will never pass CTOS's test as their score will be in the red zone.

"Their loans will always be more than their income. CTOS will not give them a second chance.

"However, a responsible government must give all of us a second chance. Loans must be given to those who, despite temporary difficulties and inability to pass the CTOS test, have other attributes and potential to make another attempt at success.

"If local lending institutions are too lazy to do their work and depend on foreigners who understand nothing of the socio-economic background of their customers to decide if financial help should be extended, then the poverty cycle will never be broken," he said.

Zaid said it was time members of parliament push for a law mandating the government to set up more lending institutions where the decision to extend credit should be left to the individual bank.

S P Setia broke out from its 2-month bullish rectangle pattern with a long white candle yesterday, implying that its previous uptrend may have resumed. As the 20-day and 50-day EMAs have confirmed a bullish crossover since early January, the stock looks positive in the near term. A bullish bias may emerge above the RM0.95 level with stop-loss set at RM0.87, below the 50- day EMA. Towards the upside, near-term resistance level is seen at RM1.06, followed by RM1.10.

Entry : RM0.95–0.98

Target : RM1.06, RM1.10

Exit : RM0.87

Source: AmInvest Research - 13 Mar 2024

YTL Power’s Wessex Water to return to the black with a 11% hike in water tariffs with effect from 1st April 2024.

ANALYST REPORTS
Tuesday, 12 Mar 2024

PETALING JAYA: YTL Power International Bhd’s subsidiary Wessex Water Services Ltd will likely return to profitability following an increase in water tariff to be imposed from April 1.

According to CGS International Research (CGSI), Wessex will impose an 11% increase to water bills of its customers as part of its approved annual water tariff adjustments.

“We estimate the tariff revision translates into an increase of at least RM95mil in quarterly revenue for Wessex, all else remaining equal.

“This, in our view, should translate into improved earnings for Wessex and could pave the way for its return to profitability as early as third quarter ending March 31, 2024 (3Q24),” the research house said.

Wessex explained, in its announcement, that it deliberately kept tariff increases lower than anticipated during last year’s review to alleviate the immediate financial strain on its customers amid the cost-of living crisis in the UK.

This year’s adjustment serves, in part, as a recovery for the under-collection between April 2023 and March 2024.

CGSI said another key re-rating catalyst for YTL Power is securing off-takers for the Nvidia data centre (DC) and colocation facilities at attractive rates.

“While finer details on the DC projects are still lacking, our initial calculations suggest that these planned DC investments can contribute as much as RM1.2bil to RM1.4bil in net profit to YTL Power once fully ramped up in FY27,” it said.

CGSI said it is a good time to accumulate the stock after succumbing to selling pressure recently, with the stock down 12% since Feb 27, despite experiencing positive operational developments.

“While the shares were up strongly over the past 12 months (356%), we believe the potential value accretion from the DC investments have yet to be fully priced in.

“The current share price implies an FY24/25 price over earnings of circa nine to 10 times on an earnings base that reflects a normalisation of PowerSeraya earnings by FY26,” the research house added.

Target Price : RM1.15 ↓ We downgrade CTOS to UP with a lower DCF-derived TP of RM1.15 (from RM2.00) as we attach a higher risk premium stemming from a recent court decision which ruled that the group’s credit scoring facilities have been performed above their legal capacity. CTOS has since filed for an appeal, which we expect its credit scoring products to be substantial contributors to the group. For now, business risks appear to deepen with likely immediate repercussions being a challenge to its business model and similar legal suits arising in the near-term.

Kananga Research

Jentayu is well on its way to achieve its target for sustainable financial performance with the injection of the run-of-river hydropower plant Telekosang Hydro into Jentayu poised to be completed by Q2 2024. Telekosang Hydro was fully commissioned in December 2023.

JSB is on track to execute the Power Purchase Agreement (PPA) for our RM 2.8 billion, 170 MW run-of-river hydropower plant Project Oriole by mid 2024.

Well said Purebull. Big Data processing (data centres) plus AI is BIG money business in future.

YTL Group far ahead of the rest in Bursa.

Anyway the cockroaches from the woodworks appeared in full force today.

The mentally challenged ones comparing YTL Power to the Gloves mania/euphoria.

Helloooo YTLP's PE ratio is only in SINGLE digit or rather 9 times, way undervalued.

Nvidia: The mother of all artificial intelligence

https://www.thestar.com.my/business/insight/2024/03/02/nvidia-the-mother-of-all-artificial-intelligence

Nvidia CEO Jensen Huang, says AI could pass human tests in five years.

https://www.thestar.com.my/tech/tech-news/2024/03/02/nvidia-ceo-says-ai-could-pass-human-tests-in-five-years

Malaysia To Get Supercomputer As Part of NVIDIA, YTL RM20 Billion AI Investment
RM4.3 billion worth of investments are expected to be made by June 2024.

BY JOHN LAW MARCH 1, 2024

Share on Twitter

Remember back in December when Jen-Hsun Huang, CEO of NVIDIA, made a trip to Malaysia, where it was announced that he was partnering up with YTL to bring his company’s supercomputers into the country by the middle of this year? Well, our minister of Investment, Trade, & Industry, Tengku Zafrul, reaffirmed that the original plan is on track.

As per an official post on X, formerly Twitter, Zafrul confirmed that the the NVIDIA and YTL partnership will see a total investment of RM20 billion, with an initial RM4.3 billion set to be invested throughout the first phase of its plan, which is scheduled to take place in June 2024. Further, and as mentioned earlier, that investment will also see the two companies bringing in what the minister describes as the “fastest” supercomputer into the country.

Malaysia To Get Supercomputer As Part of NVIDIA, YTL RM20 Billion AI Investment
RM4.3 billion worth of investments are expected to be made by June 2024.

BY JOHN LAW MARCH 1, 2024

Remember back in December when Jen-Hsun Huang, CEO of NVIDIA, made a trip to Malaysia, where it was announced that he was partnering up with YTL to bring his company’s supercomputers into the country by the middle of this year? Well, our minister of Investment, Trade, & Industry, Tengku Zafrul, reaffirmed that the original plan is on track.

As per an official post on X, formerly Twitter, Zafrul confirmed that the the NVIDIA and YTL partnership will see a total investment of RM20 billion, with an initial RM4.3 billion set to be invested throughout the first phase of its plan, which is scheduled to take place in June 2024. Further, and as mentioned earlier, that investment will also see the two companies bringing in what the minister describes as the “fastest” supercomputer into the country.

Johor is a rising star in the data center landscape, and CRESCENDO is well-positioned to capitalise on this growth. Coupled with the company's undervalued landholdings, partial recurring incomes, and decent dividend history.

These factors make CRESCENDO an attractive stock for investors seeking exposure to growing data center industry in Johor and RTS Link, the potential game-changer for property market in Johor Bahru.

Net assets per share of Rm 9.0 upon revaluation.

As majority of the lands have not been revalued for years, and if we assume a net gain of RM600m from the remaining 202 acres of industrial land in Nusa Cemerlang Industrial Park and a RM1b revaluation surplus for its remaining landbank and properties, this will bump up its net asset per share to RM9, versus its current share price of RM2.58 per share.

CRESENDO in a sweet spot to capitalise on DC Mania In Johor due to its massive land bank.

Johor is a rising star in the data center landscape, and CRESCENDO is well-positioned to capitalise on this growth. Coupled with the company's undervalued landholdings, partial recurring incomes, and decent dividend history.

These factors make CRESCENDO an attractive stock for investors seeking exposure to growing data center industry in Johor and RTS Link, the potential game-changer for property market in Johor Bahru.

Net assets per share of Rm 9.0 upon revaluation.

As majority of the lands have not been revalued for years, and if we assume a net gain of RM600m from the remaining 202 acres of industrial land in Nusa Cemerlang Industrial Park and a RM1b revaluation surplus for its remaining landbank and properties, this will bump up its net asset per share to RM9, versus its current share price of RM2.56 per share.

Fully agree Bro Balian de Ibis @ lurker

Posted by Balian de Ibelin > Feb 27, 2024 2:48 PM | Report Abuse

Many many people are hesitant to buy at RM4.00 plus afraid its near end of TP

true TP by international standards for utilities are way higher at RM8.00 plus

YTLP's green AI data centres in Kulai powered by solar energy is poised to Attract more Multinationals due to clean RE ie no Co2 emissions.
..........................................

To lower data centre CO2 emissions, hyperscalers and other data centre providers have financed massive amounts of solar or wind farms and used credits to offset emissions.

In the case of credits, some have failed to have a meaningful impact on emissions.

But that alone won’t be enough, especially as AI use ticks up.

That’s why operators are turning to the strategy employed by Alphabet Inc unit Google called load shifting. The idea: Lower emissions by upending the way data centres function

.https://www.thestar.com.my/business/business-news/2024/02/27/ai-explod...

@ Mabel

Nvidia Corp chief executive officer Jensen Huang has said AI has hit a “tipping point.” He has also said that the cost of data centres will double within five years to power the rise of new software.

Yes Agjl - YTL corp is the most qualified - financially strong and experienced -coupled with a strong China Partner. The most capable to deliver SING KL-HSR.