Short position 16-01-2025

YTLPOWR YTL POWER INTERNATIONAL
BERHAD
27,201,779
0.33%

https://www.freemalaysiatoday.com/category/nation/2025/01/16/anwar-launches-ytl-group-development-in-uk/

https://www.reuters.com/technology/artificial-intelligence/nvidia-says-new-rule-will-weaken-us-leadership-ai-2025-01-13/

Under the new rules, major cloud providers such as Microsoft (MSFT.O), opens new tab, Alphabet-owned Google (GOOGL.O), opens new tab and Amazon.com (AMZN.O), opens new tab can apply for approval to bypass licensing requirements for AI chips, allowing them to establish data centers in countries affected by U.S. chip import restrictions.
As a result, these companies, already established as AI heavyweights, are likely to increase their market share, according to analysts.

ytlp could benefit also?

https://theedgemalaysia.com/node/740079

Nvidia CEO unveils new graphics cards, software, services at CES
GeForce allowed AI to reach the masses, and now AI is coming home to GeForce
Huang announced that Toyota Motor Corp., the world’s biggest vehicle maker, is now a customer for Nvidia’s autonomous driving AI products and will use its Drive chips and software. Toyota shares in Tokyo extended gains after the announcement.

https://www.thestar.com.my/news/nation/2025/01/07/js-sez-targets-50-high-value-projects-within-five-years-says-rafizi

The JS-SEZ spans over 3,500 sq km – four times the size of Singapore.
It stretches across six districts in Johor, including Johor Baru, Iskandar Puteri, Pasir Gudang, Pontian, Kulai, and Kota Tinggi, covering areas from Kulai and parts of Pontian to Pengerang.

https://theedgemalaysia.com/node/740064

While details of the agreement have been scarce, officials in Johor have previously said they expect the zone to create as many as 100,000 new jobs and add US$26 billion (RM117.24 billion) per year to the Malaysian economy by 2030. Much of that would likely come from new investment, and Singapore-based firms expanding or shifting production to Johor, which has more land and a larger employment base to draw on than the city-state.

12 Million Customers World Wide
Operating In 10 Countries And Counting
USD 19.3 Billion In Total Assets From Core Businesses

https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=MYR

continues to scale higher

https://theedgemalaysia.com/node/739723
Hong Leong Bank, YTL Power, Press Metal, SimeProp, Gamuda are screaming buys for super large caps

https://www.bloomberg.com/quote/USDMYR:CUR

ringgit continues to weaken overseas asset values and earnings continue to rise

Following this five-step approach, and working
with our partners, we have undertaken an intense
programme of development work over the past two
years, culminating in the plan we present today.
We have identified a need for investment of £3.5bn
in 2025-30 – more than double our traditional five
yearly spend of around £1.5bn.

For customers, we expect average bills to increase
by £150 in real terms over the next five years, after
a decade of rises being held below inflation. We
don’t underestimate how unwelcome this will be for
many. As described, we have minimised the increase
by pursuing alternative and innovative approaches
wherever possible, and we commit to protecting
those who will struggle to pay. The plan contains the
best balance we have been able to strike between
increasing investment and keeping prices affordable.

2.6 million customers

https://www.wessexwater.co.uk/coast-and-rivers-watch-map

good job wessex water

https://theedgemalaysia.com/node/739656
Singapore’s home prices rebound on year-end sales boom

good news to the company

https://www.brabazon.co.uk/blog/articles/2024-in-review

Coming Over the Horizon in 2025
As 2024 comes to a close, we’re looking forward to even more exciting milestones in 2025. So, what’s coming over the horizon at Brabazon in the year ahead? Well, we can tell you that there’s plenty more coming over the horizon…

The first residents will be moving into the new homes at The Heritage District;
We will be completing Hangar 16U – the new community hub at Brabazon;
The first mansion-style buildings of purpose-built student accommodation at Brabazon will ‘top out’;
New infrastructure will be completed, including parts of the primary road network and new utility connections;
Pre-construction and detailed design on the YTL Arena, the train station and Brabazon Park will continue moving forward. Whether you’re a resident, a future homeowner, or only just discovering Brabazon, we can’t wait for you to join us on the journey.

https://www.brabazon.co.uk/blog/articles/2024-in-review
Coming Over the Horizon in 2025
As 2024 comes to a close, we’re looking forward to even more exciting milestones in 2025. So, what’s coming over the horizon at Brabazon in the year ahead? Well, we can tell you that there’s plenty more coming over the horizon…

The first residents will be moving into the new homes at The Heritage District;
We will be completing Hangar 16U – the new community hub at Brabazon;
The first mansion-style buildings of purpose-built student accommodation at Brabazon will ‘top out’;
New infrastructure will be completed, including parts of the primary road network and new utility connections;
Pre-construction and detailed design on the YTL Arena, the train station and Brabazon Park will continue moving forward. Whether you’re a resident, a future homeowner, or only just discovering Brabazon, we can’t wait for you to join us on the journey.

swallow 5117k lots for close to RM23 million at 4:50:00
no joke
check in

https://www.thestar.com.my/aseanplus/aseanplus-news/2024/11/23/vietnam-communist-party-general-secretary-to-lam-receives-leaders-of-major-malaysian-groups
Tan Sri Francis’ discussion with the Secretary General was on YTL’s collaboration with US-based NVIDIA Corporation to build a large data centre in Johor, Malaysia. He expressed his confidence in Vietnam’s clean energy development trend and digital transformation, and his desire to build a data centre in the country. The Secretary General in turn appreciated YTL’s vision and technological capabilities in capturing development trends, especially in the field of AI infrastructure and emerging technologies. He showed his belief that YTL will be an important partner in driving digital transformation and modernising infrastructure in Vietnam.

still no news on digital bank?

https://www.straitstimes.com/tech/meet-agentic-ai-chatbots-that-can-decide-on-your-behalf-for-better-or-for-worse

this week announce digital bank plans?
part of the ecosystem 5G
go go go

https://theedgemalaysia.com/node/738472

Key outcomes include a 21% increase in average household bills against PR19 levels, compared to a prior draft decision that suggested a 12% reduction.

Total expenditure was revised upward by 14% from the draft determination, representing a 68% increase from PR19.

Allowable return was raised to 4.03%, significantly higher than the PR19 rate of 2.92%.

These adjustments are projected to drive a 35.9% growth in Wessex Water’s regulatory capital value over the five-year period, sustaining long-term returns.

https://www.ofwat.gov.uk/ofwat-approves-104bn-upgrade-to-accelerate-delivery-of-cleaner-rivers-and-seas-and-secure-long-term-drinking-water-supplies-for-customers/

@dragon328 good news?

https://www.google.com/maps/place/YTL+Green+Data+Center/@1.6232037,103.5299264,3111a,13.1y/data=!3m8!1e5!3m6!1sAF1QipMgCSFM36MAx-7iUdw3s74sJfUsGpgkbkFzFfFY!2e10!3e10!6shttps:%2F%2Fgz0.googleusercontent.com%2Fp%2FAF1QipMgCSFM36MAx-7iUdw3s74sJfUsGpgkbkFzFfFY%3Dw2153-h3827-k-no!7i1080!8i1920!4m7!3m6!1s0x31d09d251d1bf909:0x44b6784e2cee8f43!8m2!3d1.6232037!4d103.5299264!10e5!16s%2Fg%2F11szw1q9hs?entry=ttu&g_ep=EgoyMDI0MTIxMS4wIKXMDSoASAFQAw%3D%3D

take a peek of your data center

https://www.theguardian.com/money/2024/dec/15/water-firms-urged-to-help-vulnerable-households-as-bills-to-rise-sharply

you help me i help you

https://www.nst.com.my/news/nation/2024/12/1148488/plan-highway-operators-run-multi-lane-fast-flow-system-resolve-deadlock
ada chance?

https://www.bloomberg.com/news/articles/2024-12-12/dgt-digico-reit-to-debut-after-australia-s-biggest-ipo-since-2018?srnd=homepage-asia
Data center operator raised about A$2 billion in offering

https://www.thestar.com.my/business/business-news/2024/12/13/ytl-power-unveils-ilmu-01-malaysias-first-llm
YTL Power has to date made an investment of over RM20bil in Malaysia in the AI space, and is working with the government to build Malaysia into an AI hub with world class AI infrastructure and a thriving local AI ecosystem.

https://www.cnbc.com/2024/12/12/broadcom-avgo-earnings-report-q4-2024-.html
Broadcom shares rise 13% on profit beat, ‘massive’ opportunity in AI

https://www.theguardian.com/business/2024/dec/03/water-firms-push-for-higher-shareholder-returns-as-ofwat-considers-bills-increase
Water firms push for higher shareholder returns as Ofwat considers bills increase

hi anyone knows who are the shareholders for 40% stake in ytl communications?
ytl power holds the remaining 60%
thank you

https://www.ytldevelopments.co.uk/blog/news/bristol-life-feature
https://www.ytldevelopments.co.uk/blog/news/claire-hazelgrove-visits-brabazon

https://www.bristol247.com/news-and-features/news/final-detailed-plans-ytl-arena-submitted/

https://theedgemalaysia.com/node/735981
Sea’s profit draws bullish analyst calls after US$43b rally

no wonder they accelerated more mw data centre

https://www.thestar.com.my/business/business-news/2024/11/28/new-power-seraya-plant-to-lift-ytl-power
New Power Seraya plant to lift YTL Power

https://www.thestar.com.my/business/business-news/2024/11/26/ytl-corp-sees-stable-growth-and-strong-start-to-fy25
YTL Corp sees stable growth and strong start to FY25

Thank you

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Posted by dragon328 > 21 minutes ago | Report Abuse

@Aero1, USEP is not a good guide to PowerSeraya profits. I have explained few times on this, and do not mind saying it again here.

All gencos in Singapore operate in a vertical integrated business model in which each owns generating plants and also retails arm to sell electricity to end consumers. All electricity generated by each genco needs to be sold first to the wholesale electricity pool which clears the electricity price on half-an-hour basis based on supply and demand. That sets the USEP.

Each retails electricity company has to purchase electricity from the wholesale pool then only sell to their end consumers. So retailers pay the USEP, and gencos get paid the USEP.

In the vertical integrated structure, a power company in Singapore like PowerSeraya enters into contracts for differences (CfDs) with its own retails arm for the electricity the power arm generates, hence taking out the risks associated with the price fluctuations in the pool.

As an illustration, say a genco sells 100 MWh of electricity into the pool in the half-an-hour period from 9.00am-9.30am at an USEP price of S$120/MWh, then its retails arm buys 100MWh of electricity from the pool at also S$120/MWh.

But S$120/MWh pool price is below the generating cost of the power company at say S$150/MWh, so in order to protect its generating margin, the power company enters into a CfD with its own retails arm to sell the 100MWh of electricity at say S$210/MWh, i.e. the retails arm will pay the difference in CfD price and the pool price to the generating company, S$210-$120 = S$90/MWh to the power generating company so that effectively the power generating company will get a net selling price of S$210/MWh irrespective of the pool price, and earn a gross generating margin of S$210 - S$150 = S$60/MWh.

Then the retails arm will sell the electricity to end users at say S$215/MWh to take a small retails margin of S$5/MWh.

As an vertical integrated power group, the genco effectively earn S$60/MWh (gross generating margin) + S$5/MWh (retails margin) = S$65/MWh of total gross margin.

Hope this explains the situation in real business on the ground.

Posted by dragon328 > 11 hours ago | Report Abuse

YTL Power delivered a credible set of results for Q1 FY2025, with core net profit of RM803 million, after removing the extraordinary item of a forex loss of RM293m for a shareholder loan to the Jordan Power project entity.

This forex loss shall be reversed in this quarter Q2 if ringgit continues to be weak against the US dollar and closes at anything weaker than RM4.12 as of 30 September 2024. If based on the current rate of RM4.48, the potential forex gain to be booked in Q2 will be RM210 million.

So, the core net profit is within my earlier projected range of RM800-850 million. It was at the lower end as Yes 5G turned into a small loss again after turning around in Q4 FY2024. I expect YTLP to deliver such steady net profit of RM800-850m every quarter in Q2 and Q3 FY2025 before AI data centre earnings start to kick in.
-----------------------------------------------
revenue from investment holding activities continues to show strength q on q
q3 2024 253 mil
q4 2024 334 mil
q1 2025 444 mil

power division pbt earning resilient too despite lower usep prices and unfavourable fx movement
q4 2024 pbt 785 mil (average usep 237.5)
q1 2025 pbt 747 mil (average usep 114.1)

@dragon 328
USEP not a good guide?

https://www.brabazon.co.uk/blog/news/2024-brick-awards-winner
Brabazon has been named a winner at the prestigious 2024 Brick Awards.

https://theedgemalaysia.com/node/735233
Govt may explore alternatives as concessionaires push back on RM3.5b barrierless toll system

https://www.straitstimes.com/asia/se-asia/johor-rejects-nearly-30-per-cent-of-data-centre-applications-to-protect-local-resources?_gl=1*16yiaop*_gcl_au*MTc0ODg1NTUzMi4xNzMwNjA3NDQ1

Johor state’s data centre capacity has grown from just 10 megawatts (MW) at the start of 2021 to around 1.3 gigawatts (GW) currently, and that figure is expected to rise to 2.7GW by 2027, said Mr Lee.

now 600mw thought it is 500mw

YTL Johor Data Center Park Overview
Located within close proximity to Singapore, the Johor Data Center Park features diverse network connectivity routes to the island-state. With diverse connections that run across both the Causeway and the Second Link, customers can choose from a variety of network solutions – from fiber to managed capacity – according to their needs.

The DC park includes the development of up to 600MW data center capacity, with the first data center (Johor Data Center 1) of 72MW already operational.

in stillness, we often find clarity.

whispering words of wisdom!!!

haha

changes
PNB sold 106.91 mil shares from 1.82% to 0.51%
Seri Yakin Sdn Bhd sold 45.36 mil shares from 0.94% to 0.38%
Credit Suisee sold 39.72 mil shares from 3.12% to 2.60%
Blackrock added 43.49 mil shares from 0.26% to 0.84%
State street Global Advisors added 29.21 mil from 0.24% to 0.59%
EPF added 92.22 mil from 2.98% to 4.10%

https://www.cloudgaming.my/
by yes
any potential?

https://www.channelnewsasia.com/singapore/electricity-power-hydrogen-turbine-plant-ytl-powerseraya-competitive-pricing-4721996
Upcoming hydrogen-ready power plant will provide ‘very competitive pricing’ for consumers: YTL PowerSeraya CEO

a 'preferred partner' status
the only one in boleh land

Ya last month not listed now listed

Posted by nigel foo > 19 hours ago | Report Abuse

Ytl is on the list of Nvidia partner now. As a cloud partner.

https://theedgemalaysia.com/node/731154
UK water companies will be allowed to invest billions more, Bloomberg reports

https://theedgemalaysia.com/node/730236
THE competition for an urban mobility infrastructure project to serve the southern Johor region is set to intensify as telecommunications and technology company, Theta Edge Bhd (KL:THETA), has switched over to a rival consortium. This move strengthens the grouping consisting of LBS Bina Bhd (KL:LBS), Ancom Nylex Bhd (KL:ANCOMNY), Sinar Bina Infra Sdn Bhd and BTS Group Holdings pcl, according to some quarters.

The addition of Theta Edge is expected to allow the consortium to compete more effectively against a rival group made up of YTL Power International Bhd (KL:YTLPOWR), SIPP Rail Sdn Bhd, Mobilus Sdn Bhd and Lion Pacific Sdn Bhd.

Previously, the YTLP–SIPP–Mobilus–Lion Pacific consortium was perceived to have the upper hand as it had proposed an automated rapid transit (ART) system for the Greater Johor Bahru region that was “preferred” by the state government.

YTLP and partners can win?

https://www.bbc.com/news/articles/c8elewdzy59o
Water bills will go up by more than previously thought over the next five years, to fund higher costs and more investment, the BBC understands.

The regulator, Ofwat, is in the process of deciding how much customer bills will be allowed to rise.